Compromised owner contract just let hackers print 5.2 million WEMIX stablecoins out of thin air, forcing a complete network freeze

The WEMIX team said compromised ownership of a contract tied to its WEMIX$ stablecoin enabled approximately 5.23 million tokens to be minted without authorization, prompting it to suspend bridges, liquidity pools, and several services on the WEMIX3.0 network.  Contract-owner breach tested WEMIX  Contract-owner breach tested WEMIX$s 1:1 design  #39;s 1:1 design  The WEMIX3.0 whitepaper describes WEMIX$ as 100% collateralized by USDC held in a Treasury and says its supply should remain equal to the Treasurys USDC volume. It also says minting is accessible only through Authorized Mint Access, which is granted solely to the DIOS stability protocol.  WEMIXs preliminary incident update said the abnormal transactions began at 18:17 on July 26 (UTC+9), or 09:17 UTC, after ownership of a WEMIX$-related contract was compromised.  Taken together, the two documents show that owner-level control was used to produce tokens outside the whitepapers intended minting path. WEMIX has not disclosed the exact route by which that control was compromised, and its update does not establish that the USDC.e later moved by the attacker came directly from the Treasury.  WEMIX said the 5,225,525 unauthorized WEMIX$ was converted into 30,736 units of the networks native WEMIX token and 724,198.27 USDC.e, the bridged stablecoin used on WEMIX3.0. The company specifically said the converted

07-28انڈسٹری

Securitize gains SEC adviser status as SECZ falls 10%

Securitize expanded its regulated US platform after its capital subsidiary registered with the SEC, while SECZ shares fell nearly 10% on Monday.  SummarySecuritize Capitals SEC investment adviser registration became effective July 22, federal records show.The registration adds disclosure, compliance, recordkeeping and examination requirementsunder US securities law.Securitize manages more than $5 billion in assets, including BlackRocks $2.6 billion BUIDL fund.SECZ fell nearly 10% to $6.76, reducing Securitizes market value to about $1 billion.  Securitize Capital becomes an SEC-registered adviser  Securitize said Monday that its subsidiary, Securitize Capital LLC, has registered with the US Securities and Exchange Commission as an investment adviser.  The registration became effective on July 22, according to the SECs Investment Adviser Public Disclosure database. The Miami-based business had operated as an exempt reporting adviser in Florida since March 2023.  That earlier status generally restricted the unit to advising venture capital funds or private funds with less than $150 million in US assets under management. Full registration removes those limits but brings additional disclosure, compliance, recordkeeping and examination duties under the Investment Advisers Act of 1940.  “Becoming an SEC-registered investment adviser is an important step in the continued expansion of Securitizes platform,” co-founder and CEO Carlos Domingo said.  “Asset managers and institutional investors want to work

07-28انڈسٹری

TD Cowen cuts David Baileys Nakamoto target 58% after bitcoin outlook reset

Quick TakeThe firm maintained a Buy rating on Nakamoto, with the new target implying roughly 275% upside.Recent refinancing pushed $105 million of principal through June 2027 and lowered borrowing costs.  TD Cowen updated its valuation for the David Bailey-led Nakamoto bitcoin treasury company, citing pressure from bitcoins decline on the companys debt-heavy capital structure, but still maintained its Buy rating.  The banks analysts Lance Vitanza and Jonnathan Navarrete lowered their split-adjusted price target for the Nasdaq-listed Nakamoto Inc. (NAKA) to $17. The new target still implies nearly 275% upside from NAKAs current price.  Nakamoto went through a 1-for-40 reverse split in May, making TDs previous $1 target equivalent to $40 on the current basis. Todays $17 price target represents a 58% cut to that outlook.  TD Cowens revised base case assumed bitcoin can climb back to $100,000 by the end of 2026, which is roughly 25% off its $126,000 all-time high recorded last October. The firm also expects Nakamoto to suspend additional bitcoin (BTC) purchases until 2027.  “We continue to view bitcoin holdings as the primary driver of value,” Vitanza and Navarrete wrote in a Monday research note.  The analysts said Nakamoto‘s debt and preferred securities make its common shares more sensitive to changes in bitcoin’s

07-28انڈسٹری

Why Shiba Inu (SHIB) Pump Failed: On-Chain Data Reveals How 52 Whales Cashed Out on Retail

Shiba Inus (SHIB) two-day 37% surge ended according to the classic pump and dump scenario: large holders fully cashed out, selling their coins to late retail investors. Fresh on-chain data from Santiment analysts shows exactly how whales used the wave of mass excitement to lock in profits and leave retail traders with losses.  How retails fear of missing out gave whales an exit route  As soon as SHIBs price began climbing, retail fear of missing out surged across social media. Shiba Inus social dominance index jumped to 0.084%, its highest level since April.  Ordinary traders rushed to buy the coin, but, as often happens, their attention peaked when the rally was already running out of steam. The crowd entered at the very top.  At the same time, large players began unloading their wallets and cashing out. Within 24 hours, the network recorded 52 whale transactions, each worth more than $100,000 — the highest figure since late March.  Shiba Inu (SHIB) whale transaction count and social dominance, Source: Santiment via Sanbase  The influx of liquidity from retail buyers jumping onto the “departing train” created ideal conditions for large holders to convert their holdings into cash without immediately crashing the order books.  Large capital simply received the liquidity it

07-28انڈسٹری

Bitcoin price eyes $66K as US stocks rise on Iran-strike pause

Bitcoin (BTC) sought to build on local highs at Mondays Wall Street open as US stocks opened in the green.  Key points:Bitcoin approached new local highs with the start of the weeks first US trading session.Stocks also opened higher amid relief over a hiatus in the US-Iran war and potential progress on reopening the Strait of Hormuz.BTC price action defended two daily moving averages on Sundays weekly close.  Bitcoin follows stocks higher as Iran news offers risk-asset tailwind  Data from TradingView showed BTC/USD spiking to near $66,000 as markets reacted to a pause in strikes between the US and Iran.  BTC/USD one-hour chart. Source: Cointelegraph/TradingView  Additional reports cited an Iranian foreign ministry spokesman announcing that Tehran and Oman were “trying to establish mechanisms regarding maritime traffic” through the Strait of Hormuz, a key global oil route currently closed.  US WTI crude oil fell toward $82 per barrel on Monday before a modest rebound. The S&P 500 and Nasdaq Composite Index were both up by around 0.3% at the time of writing.  CFDs on US WTI crude oil one-hour chart. Source: Cointelegraph/TradingView  Acknowledging a potential stumbling block in the form of higher US bond yields, trading company QCP Capital voiced that they were anticipating tailwinds for the crypto market

07-28انڈسٹری

BMNR stock rises over 10% as BitMine adds 9,946 ETH

BitMine Immersion Technologies expanded its Ethereum treasury and accelerated its share buybacks last week, while BMNR stock jumped nearly 11% on Monday as ETH reclaimed $1,900.  SummaryBitMine acquired 9,946 ETH, raising its total holdings to 5.79 million ETH.The company now controls 4.8% of Ethereums total supply, nearing its 5% threshold.BitMine repurchased 6.1 million BMNR shares, bringing total buybacks to 11.6 million.BMNR gained 10.89% to $17.51, but still faces resistance near its 100-day average.  BitMine adds 9,946 ETH to its treasury  BitMine disclosed Monday that it purchased 9,946 ETH during the previous week, extending a weekly buying streak that began at the start of 2026.  The latest acquisition increased the company‘s holdings to 5,787,414 ETH, equivalent to approximately 4.8% of Ethereum’s total supply. That puts BitMine close to its stated goal of owning 5% of all ETH in circulation.  The purchase also marked an increase from the prior week, when the company acquired 7,430 ETH. BitMines latest addition came as Ethereum recovered above $1,900 and reached its highest price in ten weeks.  You might also like:  Crypto treasury firms pivot to AI as DAT model loses momentum  Most of the companys ETH is generating staking rewards. BitMine has staked 4,917,189 ETH, worth around $9.6 billion and representing about 85%

07-27انڈسٹری

Lido begins moving $16.5 billion in staked ether to cut validator count by a third

SummaryLido began its largest upgrade since 2023, consolidating more than 8 million staked ether onto Ethereums new post-Pectra validator design.The shift is expected to cut Ethereums total validator count by about one-third and reduce attestation messages by roughly 29% per epoch, easing load on the consensus layer without directly affecting gas fees or transaction speeds.Lidos curated node operators are moving to Curated Module v2, where all 34 existing operators will post locked ETH bonds for the first time, adding economic accountability.  Liquid-staking protocol Lido deployed its largest upgrade since 2023s V2, starting the consolidation of over 8 million staked ether (stETH), worth roughly $16.5 billion, onto Ethereums post-Pectra validator design introduced a year ago.  The move will shrink Ethereum‘s total validator count by an estimated one-third, significantly easing the load on the network’s consensus layer, Lido, the largest staking pool on Ethereum, announced Monday via an emailed press release.  The migration will not directly reduce gas fees or speed up transactions for regular users, but it will improve network performance in the background. Lido said it expects the consolidation alone to cut attestation messages across the entire Ethereum network by roughly 29% per epoch, which is a predetermined period of time or a

07-27انڈسٹری

Bitmine adds nearly 10,000 ETH while repurchasing 6.1 million common shares

Quick TakeBitmine increased its Ethereum treasury to 5,787,4148 ETH after adding 9,946 tokens, bringing the total value of his holding to nearly $11.3 billion.The company also continued to buy back common stock, saying it repurchased 6.1 million common shares.  Bitmine Immersion Technologies kept its streak alive last week, adding 9,946 ETH to its Ethereum digital asset treasury, which now totals 5,787,4148, worth about $11.3 billion at current prices.  “Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025,” Chairman Tom Lee said in a statement. The Ethereum treasury bought a larger quantity of ETH during this past week when compared to the previous one, in which it purchased 7,430 ether.  With a total of 5,787,414 ETH, Bitmine (BMNR) possesses about 4.8% of Ethereums total supply.  The company also repurchased more shares last week.  “Bitmine repurchased 6.1 million shares of common stock in the past week, an increase from the 5.5 million purchased the week prior. We increased our equity buyback as we view the rising ETH/BTC ratio, despite the falling odds of passage of the Clarity Act in 2026, as a sign crypto prices are strengthening,” said Lee.  Ethereum was up about 4% on Monday, changing hands at

07-27انڈسٹری

Crypto treasury firms pivot to AI as DAT model loses momentum

More than a dozen digital asset treasury companies have moved into artificial intelligence and data centres as falling crypto prices weaken demand for the DAT model.  SummaryMore than a dozen crypto treasury companies have pivoted toward AI as investor enthusiasm fades.K Wave shares fell 71% after its data-centre shift failed to restore market confidence quickly.Falling crypto prices and compressed treasury premiums are pushing listed firms toward new operating businesses.  Bloomberg reported that the shifts have not stopped steep share declines.  K Wave Media has fallen about 71% since its May pivot. Lixte Biotechnology and Alpha Compute have each dropped roughly 33% since announcing their own changes. The figures measure performance after the pivots and do not prove causation.  You might also like:  Who actually runs Hyperliquid? The governance audit  Digital asset treasury premiums shrink  Digital asset treasury companies use public equity, debt or private placements to buy crypto. The model works best when investors value the company above its token holdings. That premium lets management issue shares and buy more assets.  The structure becomes harder to maintain when crypto prices fall or the stock trades near or below net asset value. New share sales become less attractive, while debt costs remain. VanEck said in January that several DATs

07-27انڈسٹری

Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Galaxy

Dormant Bitcoin movement in the second quarter fell to its lowest level since the third quarter of 2022, according to data shared by Alex Thorn, Galaxys head of firmwide research.  Coin days destroyed, a metric that gives greater weight to older coins, showed a similar decline.  Thorn said the earlier spikes were driven by “OGs taking profit,” similar to the pattern seen during Bitcoins 2017 bull market, suggesting long-term holders have slowed selling after elevated distribution in 2024 and 2025.  Dormant coin movement tracks Bitcoin (BTC) that has remained untouched for extended periods before being spent again. Analysts monitor the metric because increased activity from long-term holders has historically coincided with periods of profit-taking and heightened selling pressure, while subdued activity can suggest those investors are holding rather than distributing their coins.  Magazine: Here‘s why the CLARITY Act’s ethics deal may be so hard to reach

07-27انڈسٹری
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