Latest Crypto News & Market Updates

The Sandbox to reimburse SAND holders after 14.7M token bridge exploit

The Sandbox has pledged to reimburse eligible SAND holders 1:1 after an Aug. 21 bridge exploit drained about 14.7 million tokens worth roughly $700,000 from an Ethereum vault.　　According to The Sandboxs Aug. 27 post-mortem, users who legitimately held bridged SAND on Base or BNB Smart Chain before the attack will receive an equivalent amount of Ethereum-based SAND. The project plans to cover the payments from its treasury without minting new tokens.　　Claims are expected to open within two weeks and remain available for another two weeks. Two centralized exchanges account for more than 72% of the eligible SAND balances, and The Sandbox said the exchanges will distribute replacement tokens directly to affected customers.　　The Sandbox will repay SAND holders from its treasury　　The repayment plan covers legitimate bridged SAND balances that existed on Base and BNB Smart Chain before the exploit. Eligible users will receive SAND issued on Ethereum, replacing the tokens affected by the compromised bridge infrastructure.　　The Sandbox said its treasury already holds the tokens required for the process, meaning the compensation will not increase SANDs circulating or maximum supply. Users who held eligible balances through the two centralized exchanges handling most of the affected tokens will not need to submit individual

08-28Industry

GoMining Launches Instant Funds for Eligible Digital Bitcoin Miners

GoMining launches Instant Funds for eligible digital Bitcoin miner holders in supported markets.Users can use eligible NFT miners as collateral to access USDT or USDC while receiving Bitcoin mining rewards.　　GoMining, a platform for tokenized Bitcoin mining, has launched Instant Funds, a new feature that lets eligible holders use digital miners as collateral to access stablecoin liquidity such as USDT or USDC without selling their miners. The feature is now available to eligible users in supported markets after previously being offered in closed mode.　　Users can lock an eligible NFT miner as collateral and receive funds directly in their GoMining balance while continuing to receive Bitcoin mining rewards during an active position.　　Each Instant Funds position has a 30-day term with 0% APR and automatically renews. An origination fee of 1.5% to 2.5%, depending on the users VIP level, is charged when the position is opened and at each 30-day renewal.　　How Instant Funds Works　　Users can access up to 30% of their miners collateral value, with the minimum amount set at $5 and the total available per user capped at $10,000. Multiple positions are allowed as long as they remain within the overall limit.　　The miner continues earning Bitcoin while the position remains active and

08-28Industry

Nimiq Launches Second Mini Apps Competition for Developers and AI Builders

Nimiq launches its second Mini Apps Competition cycle for developers, AI builders and indie hackers.Participants can build open-source apps for Nimiq Pay using the Mini Apps Framework.　　Nimiq, an open-source blockchain project focused on digital payments, has opened the second cycle of its Mini Apps Competition. The four-week competition began on Aug. 24, giving developers, AI builders and indie hackers the opportunity to create open-source applications for Nimiq Pay. It offers $17,000 in prizes as part of a three-cycle competition with more than $50,000 in total prizes.　　The new round follows the first competition, which attracted 62 Mini App submissions. The competition is built around the Nimiq Pay Mini Apps Framework, which lets developers create and host lightweight web applications that users can access through Nimiq Pay.　　Developers Can Build Apps for Nimiq Pay　　Nimiq Pay provides the wallet and payment functionality used by Mini Apps, while developers keep control of their applications, infrastructure and intellectual property. The framework also allows developers to distribute their applications without submission fees, platform commissions or revenue sharing.　　Discover more　　Deploy Cloud Servers　　Track Market Trends　　Compare Credit Cards　　Nimiq Executive Director Max Burger described the model as an “App Store moment” for crypto payments, saying developers can bring extensions to the Nimiq

08-28Industry

Peter Brandt Reveals He Is Long Bitcoin

Bitcoin has once again failed to break decisively above the $82,000 resistance zone.　　The cryptocurrency retreated after briefly approaching the level as traders assess whether its recent recovery can extend further.　　Despite the bulls inability to overcome stubborn resistance, veteran trader Peter Brandt has disclosed that he remains long on the bellwether cryptocurrency.　　Peter Brandt Reveals He Is Long Bitcoin　　Discover more　　Subscribing To News　　Choosing Cloud Hosting　　Tracking Market News　　XRP, Binance Coin (BNB), Hyperliquid (HYPE) and Dogecoin (DOGE) Price Analysis for August 28: Rekindling the Momentum　　In a recent social media post, Brandt said that he was “also long Bitcoin” while revealing a broader portfolio that includes long positions in KC Wheat, soybeans, corn, meal, New York sugar and the peso, alongside a short position in lean hogs. Brandt added that he currently has an unusually large position in grain markets.　　That said, Brandt warned followers that he can exit positions on a days notice.　　A major resistance level　　Bitcoin is trading at around $79,820 at press time, up 1.3% over the past 24 hours.　　The cryptocurrency has traded as high as $81,282 during the session, but it has since pared some of its gains.　　The area around $80,000-$82,000 has proven to be a major resistance zone that it is extremely challenging

08-28Industry

Genius Group Rebuilds Bitcoin Strategy With Preferred Stock

TLDRGenius Group plans to rebuild its Bitcoin treasury only months after selling its entire crypto reserve to repay debt.The company targets $1.6 billion in combined Bitcoin and AI treasuries by fiscal year 2031.Genius Group also aims to grow its total company assets to $2 billion by 2031.The company plans to use Perpetual Preferred Securities as its main funding source for future treasury purchases.Genius Group is targeting an initial $12.5 million preferred stock raise under its $1.2 billion SEC-cleared shelf registration.　　Genius Group has unveiled a plan to rebuild its Bitcoin holdings months after selling its entire reserve to reduce debt. The NYSE-listed education company wants to create parallel Bitcoin and artificial intelligence treasuries as part of an asset plan.　　The company aims to build the two treasuries to a combined value of $1.6 billion by fiscal year 2031. Genius Group also targets company assets of $2 billion over the same period.　　Genius Group Returns to Bitcoin Strategy　　Genius Group sold its remaining Bitcoin in April to repay $8.5 million in debt. The company made the sale during weaker crypto prices and financial pressure across digital asset treasury firms.　　Discover more　　Building An Exchange Traded Fund Portfolio　　Choosing An Online Brokerage Platform　　Selecting An Online Payment Gateway　　The company adopted

08-28Industry

XRP, Binance Coin (BNB), Hyperliquid (HYPE) and Dogecoin (DOGE) Price Analysis for August 28: Rekindling the Momentum

After its explosive August breakout, XRP is still in a much stronger technical position, but the market is currently assessing whether that move can turn into a long-term trend. After briefly rising to about $1.70 during the initial surge, XRP is currently trading at about $1.42. The break above the long-term moving average of $1.35 for XRP is the most significant development.　　XRP slows down　　For the majority of 2026, this level served as dynamic resistance, so its recovery was structurally significant. Since then, XRP has retreated toward the moving average without falling below it. As a result, the $1.35 region is the line that immediately separates continuation from a deeper correction.　　XRP/USDT Chart by TradingView　　By holding it, XRP would be able to preserve the breakout structure and solidify its approximately 40% gain from the $1.00 area. The next support cluster, which is located between $1.20 and $1.23 below that, is followed by the shorter moving average, which is located around $1.13.　　XRP, Binance Coin (BNB), Hyperliquid (HYPE) and Dogecoin (DOGE) Price Analysis for August 28: Rekindling the Momentum　　Ripple Moves to Scrap Key XRPL Amendment　　Discover more　　Compare Index ETFs　　Track Market Trends　　FINANCE　　The momentum is still high. The RSI recently moved well into overbought territory, and it

08-28Industry

MANTRA Chain is back online, but silent code changes spark developer concerns

MANTRA Chain restored mainnet block production on v8.4.0 six days after a security incident forced a chainwide halt. The promised technical account remains unpublished, leaving the exploitation of the upstream dependency and the activity inside two project-managed wallets unexplained.　　Related Asset MANTRA #557 MANTRA · $0.00414 24-hour change: up 0.47% 24H Up 0.47% 7D Down 7.22% 30D Down 23.97%　　The official incident timeline says mainnet resumed at approximately 05:30 UTC on Aug. 22. The chain said there was no rollback or state change between the halt and restart, user balances were not altered, and token holders did not need to take action.　　The team behind the chain marked the incident resolved on Aug. 24 but again said a postmortem would arrive in the coming days. Its current status page and official announcement channel contained no link to that report when checked on Aug. 27.　　MANTRA said its analysis found that the incident affected two MANTRA-managed wallets and that no user, exchange, or partner funds were affected. The public account stops short of identifying the wallet addresses, transaction hashes, amounts, or technical exploit steps.　　When the halt was reported on Aug. 21, patch testing was still underway. The networks return resolves that operational question while leaving

08-28Industry

Virtu completes sovereign bond repo in 10 minutes

Virtu Financial, M1X Global and Tradeweb completed an institutional repurchase transaction using a sovereign digital bond on Aug. 27, with the full repo and repurchase cycle settling on the Canton Network in under 10 minutes.　　The transaction used USDM1, a dollar-denominated bond issued onchain by the Republic of the Marshall Islands, as collateral. Securities delivery, the cash payment and the return transaction settled atomically on the same network, according to a joint company release.　　The companies called it the “first known” repo executed through a major institutional trading venue to combine natively issued sovereign collateral with fully onchain settlement and no prime broker. That designation remains a company claim because no independent industry registry tracks every private blockchain repo.　　Virtu and Tradeweb complete the repo without T+1 delays　　A repo is a short-term financing transaction in which one party sells securities for cash and agrees to repurchase them later. The securities serve as collateral for the financing.　　Virtus transaction followed the structure of a conventional sovereign-collateralized repo. However, the participants moved the bond and cash directly through Canton instead of relying on separate custodial ledgers and traditional T+1 settlement systems.　　A full repo cycle in under 10 minutes. A significant milestone for on-chain financial markets.　　Tradeweb said

08-28Industry

Bithumb Wins Second Lawsuit Over 620,000 BTC Crediting Error

Bithumb obtained its second victory in court while trying to get funds from the erroneous Bitcoin deposit in their February marketing event.Seoul Central District Court ruled that one of their users should repay around 194 million won for his mistake in selling Bitcoins.　　Bithumb wins another case as it seeks payments from wrongly credited Bitcoin users. In an effort to collect money for wrongly credited Bitcoin from users in February 2018, the Seoul Central District Court ordered one of the defendants to pay back 194 million Korean won, roughly $140,513, according to Digital Asset. This is the second largest out of four civil suits Bithumb has filed after the February case.　　The biggest one is worth 500 million won which is worth $362,229. Bithumb has won two out of four civil lawsuits against users in February. The whole issue arose when Bithumb mistakenly credited more than 620,000 BTC to hundreds of people during a promotion activity. It was because of the mistake by one of its employees who mistook BTC for Korean won.　　The Mistake Was Also Affecting Bithumbs Market　　This strange crediting mistake soon started to have an impact on Bithumbs overall market activity, as the BTC/KRW trading pair fell by 15% due

08-28Industry

Jackson Hole focus: Nvidia is more important than the Fed for financial markets

As we get to the end of the trading month for the UK, the focus will shift from the corporate back to the macro. Nvidias stunning 8% rally after its Q2 earnings report reignited the AI trade on Thursday, with a broad-based rally that lifted the Nasdaq 100 by more than 1.4% and the S&P 500 by 0.7%, led by a 3% gain in the tech sector.　　World waits for Warsh to speak　　The rally could pause on Friday, and futures prices are pointing to some small declines for Nvidia and a 0.3% drop in the Nasdaq 100 later today, as the focus shifts to Jackson Hole and the speech from Kevin Warsh that the whole world is waiting for.　　Huangs warning on memory costs　　Thursday‘s rally is worth revisiting. Nvidia’s CEO essentially jump-started the AI trade when he said that the company would double its supply commitments to $279bn, primarily due to memory costs. However, the memory chip makers did not benefit from this rally. SanDisk and Micron saw their share prices surprisingly fall on Thursday. This is possibly due to Huangs warning that the AI build out could slow down due to memory costs, which could put pressure on these companies to

08-28Industry

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