Crypto Industry News & Market Trends

Cronos Blockchain Stops After Reported $75 Million Hack Attempt

Cronos stopped its entire blockchain on Sunday after an attacker drained Tectonic, the biggest lending protocol on the network. Crypto.com said its own app and exchange were never touched.　　Most of the money never left the chain before validators pulled the plug, likely explaining why the CRO token price remained unaffected, surging nearly 5%.　　Cronos (CRO) Price Performance. Source: BeInCrypto　　Sponsored　　Sponsored　　How Cronos, Tectonic, and Crypto.com Fit Together　　These are names, representing three different things. Crypto.com built Cronos, an Ethereum-style chain, and issues the CRO token securing it.　　Tectonic is not Crypto.coms code. It launched in December 2021 out of the Cronos Labs incubator and runs independently.　　That makes the Crypto.com reassurance true but narrow. The exchange was never exposed. Tectonic depositors are another matter.　　Tectonic was still almost the whole lending market on Cronos. It held about $121.6 million, or 46% of all DeFi value on the chain, DefiLlama data shows. The next biggest lender holds about $30,000.　　Sponsored　　Sponsored　　What the Companies Confirmed　　Cronos Network said it found the exploit and halted block production. Tectonic warned depositors to stay away.　　Crypto.com CEO Kris Marszalek said the app and exchange ran normally, with a postmortem to follow.　　There has been a security breach on a Cronos lending protocol Tectonic. Cronos team is investigating,

08-31Industry

ECB Wants the Euro Directly on Blockchain. Will It Kill Stablecoins in Europe？

The European Central Bank (ECB) wants to issue euros directly onto a blockchain. Executive Board member Isabel Schnabel made that case at the Jackson Hole symposium on Friday, and she was very clear about stablecoins.　　She is talking about money that banks use to settle with each other, not the euros in your account. Tokenized markets, she argued, need an asset only a central bank can create.　　Sponsored　　Sponsored　　Why Schnabel Rejects Stablecoins as Settlement Money　　A stablecoin can be built to be almost perfectly safe, and Schnabel accepts that. Her objection is about what happens next.　　In a panic, everyone wants cash at once. A central bank can create more of it. A stablecoin issuer cannot.　　Her precedent is the banking panic of 1907. Money was tied to banks holdings of government bonds, so the money supply could not expand. The Federal Reserve Act of 1913 fixed that.　　“Stablecoins are best understood as complements to central bank money, not substitutes for it,” read an excerpt in her speech.　　Follow us on X to get the latest news as it happens　　The supply numbers explain Europes hurry. Dollar-pegged stablecoins circulate about $304 billion, DefiLlama data shows. Euro-pegged tokens hold under $1 billion.　　Total Stablecoin Market Cap. Source: DeFiLlama　　Sponsored　　Sponsored　　If private tokens win

08-31Industry

Tim Cook Owns Crypto But Apple Never Bought Bitcoin: Will This Change？

Tim Cook leaves the Apple chief executive job on Tuesday, September 1. He never put a single Bitcoin on the companys balance sheet. John Ternus takes over and has never said in public whether he agrees.　　Cook answered the Bitcoin question once, in 2021, and never moved off it. Five years later, the numbers suggest he was not wrong to say no.　　What Tim Cook Actually Said About Bitcoin　　Apple sat on $146.5 billion in cash and marketable securities as of June 27, its own filing shows. A pile that size keeps the question alive.　　Sponsored　　Sponsored　　Cook was asked about it at a New York Times DealBook event in November 2021. He said he owned crypto himself. Then he shut the door on Apple doing the same.　　“I wouldn‘t go invest in crypto, not because I wouldn’t invest my own money, but because I dont think people buy Apple stock to get exposure to crypto,” he explained.　　He never said how much he holds, and did not reveal the assets either, declining to give details.　　The scoreboard since then favors him, as Bitcoin set a record near $68,991 the next day. The pioneer crypto traded near $77,244 on Sunday, about 12% higher. Apple shares closed 2021 at $175.35

08-31Industry

Telegram Gift NFT Sells for $20,000 as Pavel Durov Backs Young Coders

A free coding trophy just turned into roughly $20,000 after a US high school student sold his Telegram Gift NFT for 15,000 Grams. Pavel Durov held the sale up as startup money.　　The price cleared about 40 times what Telegram guaranteed the average prize was worth. Durov posted the result on his channel and urged other winners to go build something.　　Sponsored　　Sponsored　　How a Free Prize Became $20,000　　Jonathan He won gold at the 2026 International Olympiad in Informatics (IOI). Durov ranked him seventh in the world.　　Instead of the usual medal or cheque, the prize was an Algorithm Cup, a digital collectible that lives on TON, the blockchain behind Gram. Winners can sell theirs to anyone.　　Jonathan He competes for Team USA and interns as an engineer at trading firm Liquid. He sat fifth after Day 1 on 246 points out of 300, co-founder Franklyn Wang said.　　One of our interns is currently fifth in the world.　　Jonathan He, a Liquid engineering intern and member of Team USA, is sitting in 5th place after Day 1 of the 2026 International Olympiad in Informatics, the worlds most prestigious competitive programming competition.　　He… pic.twitter.com/2ub9OK5CB9　　— Franklyn Wang (@frank_liquid) August 12, 2026　　Telegram promised the 235 medalists a combined $117,000 in Algorithm Cups.

08-31Industry

Russias Largest Bank Wants Bitcoin and Ethereum as Collateral

Sberbank plans to accept Bitcoin (BTC), Ether (ETH) and Tether (USDT) as loan collateral, deputy chairman Anatoly Popov told TASS on Friday.　　Russia‘s largest lender wants the coins as security, not as money. Paying with crypto in Russia remains banned when the country’s digital currency law takes effect on September 1.　　Collateral is Legal, but Spending is Not　　A Russian company can pledge Bitcoin to a bank, but it still cannot buy a coffee with it. Popov said Sberbank prepared for the rule change early and already handles digital assets. However, he made the expansion conditional.　　Sponsored　　Sponsored　　“We plan to accept not only Bitcoin but also Ethereum and the stablecoin Tether as collateral… after the Central Bank, of course, allows them for public circulation,” local media reported.　　President Vladimir Putin signed the law on August 4. The Bank of Russia published its first approved list a week later. Only three coins cleared the screen.　　Regulators wanted size, high daily turnover, and at least 5 years of price history on foreign exchanges. Bitcoin, ether and USDT passed. Nothing else did, and the regulator is clear about the rest.　　Crypto cannot be used in payments within Russia. Only exporters and importers get a carve-out for crypto payments in foreign trade.　　No

08-31Industry

Elon Musk Backs the Physics Behind a Claim Quantum Computers Can't Break Bitcoin

Elon Musk has backed a fringe physics theory that says quantum computers can only grow so big. Crypto traders turned his five word reply into proof that Bitcoin (BTC) is already safe from them.　　But it is not proof. The theory comes from Oxford physicist Tim Palmer, predicting that quantum machines stall somewhere between 200 and 400 qubits.　　Sponsored　　Sponsored　　What Musk Actually Said　　Musk was not talking about Bitcoin. On August 29, he replied to an Institute of Art and Ideas post about Palmers work.　　The universe is integer in units of Planck cubes　　— Elon Musk (@elonmusk) August 29, 2026　　Follow us on X to get the latest news as it happens　　He agreed the universe comes in fixed chunks. He said nothing about private keys or Bitcoins quantum problem. Investor Fred Krueger cited him a day later anyway, under the headline that Bitcoin is already quantum-safe.　　“Bitcoin may already be quantum-safe…The latest estimates require at least 835 logical qubits to break Bitcoin‘s signatures with Shor’s algorithm…Elon Musk and Steve Jurvetson have commented positively on this research,” he said.　　The Physicist Behind the Theory　　Palmers credentials are real, though they sit outside this field. He is a Royal Society fellow, elected in 2003, and spent his career building weather forecasting

08-31Industry

Helium Price Soars 170% in One Weekend: Is It Too Late to Buy HNT Now？

Helium (HNT) jumped as much as 167% over the weekend, establishing an intra-day high of $0.989 as of this writing. Traders who arrived late are asking whether it is too late to buy HNT.　　The rally was not built on buyers, but on sellers being forced out.　　Helium (HNT) Price Performance. Source: TradingView　　Sponsored　　Sponsored　　Why a Forgotten Token Moved So Fast　　Helium runs a wireless network. Ordinary people host the hardware in their homes and shops. The industry calls this decentralized physical infrastructure, or DePIN.　　The trigger was a Texas Wi-Fi deployment BeInCrypto reported on Saturday. The reaction dwarfed the news itself. HNT price, which had traded under $0.30 for most of the summer, surged by almost 170% in one weekend. Heliums pitch has always been real customers.　　In April 2025, developer Nova Labs paid $200,000 to settle SEC charges. Regulators said it wrongly claimed Lime, Nestle and Salesforce used the network. The case covered statements to stock investors, not the token.　　What the Charts Actually Show　　The HNT price did not climb in a straight line. It moved in two bursts, grounding from $0.33 up to $0.45 overnight. It then jumped to $0.70 by 09:00 and stalled for four hours. A second push from 15:00 carried it to

08-31Industry

Bitcoin Rally Builds on $2.8 Billion ETF Inflows

Bitcoins advance from approximately $63,500 to above $80,000 received substantial support from spot buying rather than new leveraged positions, QCP Capital said on Aug. 28.　　SummaryBitcoin rose from $63,500 as spot ETFs drew $2.8 billion across eight consecutive sessions overall.Futures open interest fell from 646,000 BTC to 588,000 BTC while Bitcoin prices moved higher.U.S. spot Bitcoin ETFs ended nine inflow sessions with $201.9 million in August 28 outflows.July headline PCE rose 3.7% annually, while core PCE remained at 3.3%, official data showed.Treasury will double long-end buybacks to at least $4 billion per operation beginning September 9.　　The trading firm estimated that U.S. spot Bitcoin exchange-traded funds attracted roughly $2.8 billion across eight consecutive sessions during the rally. Meanwhile, BTC-denominated futures open interest declined from about 646,000 BTC in mid-August to 588,000 BTC.　　That combination suggests spot purchases and short covering drove much of the move. It differs from a rally led by traders opening aggressive leveraged long positions. However, the latest verified figures show that institutional demand has begun to cool after Bitcoin failed to hold above $80,000.　　You might also like:　　Bitcoin ETF flows swing to $202M outflow as price holds near $77.5K　　Bitcoin rally gained support as leverage declined　　Bitcoin briefly traded above $81,000 after

08-30Industry

BitGo Buys NYDIG's Institutional Trading Arm to Beef Up Derivatives and Financing

In briefBitGo acquired NYDIGs institutional trading business in a two-step merger worth about $42.5 million.The deal adds derivatives, structured products, financing and capital-markets solutions serving asset managers, hedge funds and family offices, complementing BitGos custody, settlement, and wallet infrastructure.For NYDIG, the sale sharpens its focus on power generation, Bitcoin mining and HPC data centers.　　BitGo has acquired the institutional trading business of NYDIG, adding derivatives, financing and capital-markets capabilities as the digital-asset infrastructure firm builds out its offerings for professional clients.　　The NYSE-listed company said Wednesday it entered into a definitive agreement and completed the deal, folding in roughly 30 NYDIG employees along with the units institutional client relationships.　　Myriad: Who IPOs first: OpenAI or Anthropic？ Click to make your prediction.　　According to a regulatory filing, the transaction is structured as a two-step merger with total consideration of about $42.5 million: $7 million in cash and roughly $35.5 million in BitGo stock. The deal also carries earnout provisions, including a $10 million cash payment tied to one revenue milestone and up to $5 million more in cash plus additional shares tied to a second, alongside retention awards for transferred staff.　　The acquired business provides derivatives, structured products, financing and capital-markets solutions to asset managers, hedge

08-29Industry

UK police seize $1.4M tied to darknet market activity

A regional UK police force has seized 20.21 Bitcoin and other assets valued at more than $1.4 million after tracing the funds to darknet marketplaces active between 2016 and 2019.　　UK police recover 20.21 Bitcoin and other assets　　Avon and Somerset Police said on Aug. 27 that its Financial Investigation Unit had recovered 20.21 BTC, other digital assets, and money held in a bank account.　　The assets had a combined value of £1,032,487.86, or more than $1.4 million, when the police force valued them. Officials did not disclose the amount held in other cryptocurrencies or the bank account, nor did they identify the tokens involved.　　Earlier in 2026, a court approved the forfeiture after accepting that the holdings represented proceeds from unlawful conduct. Police pursued the assets under the Proceeds of Crime Act, which allows authorities to recover property obtained through criminal activity.　　The unnamed person at the center of the investigation had previously been convicted of money laundering and has since died, according to the statement. Officials did not disclose when the earlier conviction occurred, the offenses connected to it, or whether anyone else was investigated.　　At Bitcoin‘s current price of about $77,570, the 20.21 BTC alone would be worth approximately $1.57 million. The difference

08-29Industry

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