CCC exploit drains $117K after attacker targets BSC liquidity pool

CCC token on BSC has suffered an exploit that caused an estimated $117,000 loss after an attacker manipulated the token contracts sell() function and burned tokens held in its liquidity pool.  According to blockchain security firm TenArmorAlert, its monitoring system detected suspicious activity involving CCC on BSC on Aug. 28 and traced the incident to the token contract‘s sell() function. The firm said the function was used to burn CCC tokens directly from the liquidity provider pair, which was followed by abnormal movement in the token’s price.  TenArmorAlert estimated losses from the attack at roughly $117,000. The firm identified an attack transaction beginning with “0x89d805064” in its security alert but did not provide a full breakdown of the assets removed or the attackers final proceeds.  The available information does not identify how the attacker obtained the ability to trigger the affected function, whether access controls were bypassed, or whether another contract interaction was required before the tokens could be burned.  CCC exploit targeted tokens inside the liquidity pool  The reported attack centered on CCC tokens held by the LP pair instead of a direct withdrawal of assets from the pool.  TenArmorAlert said the contracts sell() function burned CCC from the LP pair. Removing tokens from a

08-28انڈسٹری

Ripple seeks withdrawal of XRPL bridge amendment

Ripple has recommended withdrawing the XRP Ledgers pending XChainBridge amendment after concluding that its primary use case is already served by Axelar and broader developer demand has not emerged.  Mayukha Vadari, a senior software engineer at RippleX, announced the recommendation on Aug. 27. XChainBridge, also known as XLS-38, remains in the XRPL validator voting process and has not activated on the mainnet.  Ripple estimated that withdrawing the proposal would allow developers to remove more than 10,000 lines of code from xrpld, the server software that powers the network. No code has been removed yet, and Ripple cannot complete the process independently.  Ripple is officially recommending the withdrawal of the XChainBridge amendment (XLS-38). With Axelar successfully handling the EVM Sidechain and a lack of broader developer demand, dropping XLS-38 will remove over 10,000 lines of inactive code. Read the full reasoning here ???? https://t.co/9g8J2d5Ggi  — Mayukha Vadari (@msvadari) August 27, 2026  XRP Ledger no longer needs XLS-38 for its EVM sidechain  XLS-38 was designed to provide a protocol-level framework for moving XRP and issued assets between the XRP Ledger and connected networks. Its intended users included public sidechains, private ledgers, permissioned networks and experimental chains.  The system relies on independent witness servers to monitor events on each connected

08-28انڈسٹری

Bitcoin price tests $82K resistance as Brandt stays long

Veteran trader Peter Brandt said he remained long Bitcoin on Aug. 28 as the cryptocurrency traded near $80,000 after another unsuccessful attempt to establish a decisive breakout above $82,000.  The crypto traded at approximately $79,771 at the time of writing, up about 1.2% during the session. It reached an intraday high near $81,280 before retreating, keeping the closely watched $80,000–$82,000 area unresolved.  Brandt disclosed his position in an X post listing several active trades. Alongside Bitcoin, he reported long positions in wheat, soybeans, corn, soybean meal, sugar and the Mexican peso. He was short lean hogs.  The trader did not disclose his BTC entry price, position size, leverage or intended exit level. He also warned that his positions could change within one day, limiting the statements value as a longer-term price forecast.  Peter Brandt remains long after buying the breakout  Brandts current position follows a major change in his technical outlook. On Aug. 20, he said he bought Bitcoin after an inverse head-and-shoulders pattern completed and the price broke above its neckline.  The pattern normally consists of three troughs, with the middle decline extending below those on either side. Technical traders often interpret a move above the neckline as a possible bullish reversal, although the formation

08-28انڈسٹری

Bank of Russia blacklists 2,600 crypto wallets linked to suspected scams

The Bank of Russia has added 2,600 crypto wallets linked to suspected illegal financial activity to a system used by banks and law enforcement after more than 1 billion rubles flowed into the addresses during the first half of 2026.  The Bank of Russia said the wallets belonged to companies, projects, individual entrepreneurs and other entities showing signs of illegal activity in the financial market. Banks and law enforcement agencies use the information system for digital compliance, client risk assessments and financial investigations.  During the same six-month period, the regulator identified 2,891 entities with signs of illegal financial activity, down nearly 31% from the first half of 2025. The figure remained close to the level recorded during the second half of last year.  Bank of Russia adds 2,600 crypto wallets to monitoring system  The 2,600 crypto wallets were added to a database that can help financial institutions assess transactions connected to entities flagged by the regulator. More than 1 billion rubles in crypto, based on its ruble equivalent, had been attracted through the identified addresses, according to the central bank.  The regulator sends information on suspected illegal financial activity to law enforcement agencies, Russias Federal Antimonopoly Service and other authorized bodies. Banks took restrictive measures

08-28انڈسٹری

SEC opens door to public token sales, but ICO demand has moved on: Bloomberg

The US Securities and Exchange Commission has proposed allowing crypto projects to raise up to $75 million annually without full registration, reopening public token fundraising at a time when investor demand for new tokens has fallen sharply from the ICO boom.  According to Bloomberg, the proposal could restore a legal route for US investors to participate in public token sales after years of enforcement actions effectively pushed much of the business offshore, but venture investors question whether the market that fueled the 2017 and 2018 ICO frenzy still exists.  The SEC unveiled Regulation Crypto Assets on Aug. 18 with two exemptions covering investment contracts involving crypto assets. An early stage startup exemption would permit projects to raise up to $5 million over four years, while a separate fundraising exemption would allow issuers to collect as much as $75 million during any 12 month period.  Both routes would require issuers to provide disclosures to investors, while projects using the larger exemption would need to provide financial statements and meet ongoing reporting requirements.  The proposal is now open for public comments for 60 days following publication in the Federal Register.  SEC token rules could reopen public crypto fundraising  Public token sales were one of cryptos main fundraising methods

08-28انڈسٹری

Grayscale says Zcash can challenge Bitcoins network effects as privacy demand grows

Zcash could emerge as a meaningful challenger to Bitcoins dominance among digital assets as the rapid adoption of artificial intelligence puts a premium on financial privacy and fuels concerns over AI-powered surveillance, according to Grayscale.  In a new research report, Grayscale head of research Zach Pandl said Zcash (ZEC) has “second mover advantages” that could help it challenge Bitcoins (BTC) entrenched network effects, something previous alternatives such as Litecoin (LTC) have failed to achieve.  Central to Pandls argument is financial privacy. Zcash can shield transaction information, which Grayscale argues could become increasingly valuable as AI systems become better at analyzing financial activity at scale.  The report comes after ZEC‘s roughly 19-fold increase over the past year. Despite those gains, Zcash remains valued at less than 1% of Bitcoin’s market capitalization, a disparity Grayscale sees as evidence of further upside if Zcash can capture market share.  Pandl acknowledged that Bitcoins liquidity and entrenched network remain powerful defenses of its dominant position. Grayscale also warned that Zcash remains a high-risk investment and that any further gains could be volatile and uneven.  Zcash could be valued at more than $4,000 if its market capitalization reached 5% of Bitcoins. Source: Grayscale  Related: Zcashs Ironwood upgrade faces possible delay over infrastructure

08-28انڈسٹری

Bitfinex Securities completes record $50M tokenized capital raise

Bitfinex Securities has completed a record $50 million tokenized capital raise for metals company Alkemya, marking the platforms largest raise to date as it expands its offering of tokenized real-world assets (RWAs).  The raise involved ALKN, a tokenized security representing limited partnership interests in Luxembourg-based Alkemya Metacore SCSp, the companies said in an announcement shared with Cointelegraph on Thursday. The partnership owns about 7 million meters of 99.99% pure nickel wire, which the companies said was independently valued at about $1.64 billion.  Bitfinex Securities told Cointelegraph that the $50 million raise surpassed its previous record of $30 million for USTBL, a tokenized US Treasury product issued under El Salvadors Digital Asset Law. The platform has completed seven capital raises and listed 16 assets to date.  An Alkemya spokesperson said that ALKN marks the companys first tokenization project. The token gives investors fractional, digitally transferable interests in the partnership, allowing Alkemya to raise capital against its nickel asset base.  Alkemya plans to use the proceeds to commercialize engineered nickel products for applications including semiconductors. Additional ALKN tokens will remain available to eligible investors through Bitfinex Securities until Oct. 15. Secondary trading will not begin until at least the completion of the next fundraising tranche.  Related: Tether

08-28انڈسٹری

Abu Dhabi royal backs 49% stake in Trump-linked crypto bank venture: WSJ

An Abu Dhabi royal and his co-investors reportedly back the largest stake in the holding company behind World Liberty Financials proposed US trust bank.  Citing people familiar with the matter, the Wall Street Journal reported that Sheikh Tahnoon bin Zayed Al Nahyan‘s group is behind StringZ Holding RSC, which owns 49% of WLTC Holdings. An entity affiliated with US President Donald Trump’s family owns another 38%, one person told WSJ.  If it receives final approval, the planned bank would bring the issuance, redemption and custody of World Libertys USD1 stablecoin under the federally supervised venture.  Tahnoon is the UAEs national security adviser and chairman of artificial intelligence company G42. The US authorized exports of advanced AI chips to G42 in November 2025, months after Washington and Abu Dhabi agreed a broader AI cooperation framework.  The Office of the Comptroller of the Currency granted World Liberty Trust Company preliminary conditional approval on Aug. 14. Its published decision confirms that StringZ is an investor in WLTC Holdings and signed commitments not to influence the bank. It does not identify Tahnoon as its backer or disclose its stake.  The trust bank cannot begin operating until it satisfies the OCCs pre-opening requirements and receives final approval.  Tahnoon previously backed a

08-28انڈسٹری

Tokenized deposits could cut U.S. bank lending capacity by $580 billion: report

Tokenized deposits have raised concerns that faster movement of bank money could reduce U.S. banks capacity to fund long term loans by hundreds of billions of dollars if the technology reaches widespread adoption.  SummaryDallas Fed researchers said tokenized deposits could shorten how long customer funds remain at banks and make deposits more sensitive to interest rates.A 10% reduction in the average life of deposits could cut U.S. banks maturity transformation capacity by about $580 billion.Faster tokenized transfers could increase deposit volatility and push banks to hold more liquid assets such as reserves and U.S. Treasuries.Major banks are already developing shared tokenized deposit networks as blockchain based payment infrastructure moves toward wider use.  According to an Aug. 25 research paper by Federal Reserve Bank of Dallas economists Rosie Levy and Srini Ramaswamy, large scale adoption of tokenized deposits could shorten the period that customer funds remain at banks and make those deposits more sensitive to interest rates. The authors said both effects could weaken banks ability to use deposits to fund assets with longer maturities.  The paper examines the potential effects of large scale adoption without making a judgment on whether such adoption will occur. The views expressed belong to Levy and Ramaswamy and

08-28انڈسٹری

Bitcoin-gold correlation tops 50% as debt fears return, Grayscale says

Bitcoin has begun moving more closely with gold and less like a technology stock, according to Grayscale research published on Aug. 27, as renewed concerns about U.S. debt and fiscal deficits revive the “debasement trade.”  SummaryBitcoins 90-day correlation with gold rose above 50% after starting the year near zero overall.Its Nasdaq 100 correlation fell to roughly 33% from more than 60% previously, Grayscale reported.U.S. gross federal debt crossed $40 trillion on August 18, according to Treasury Department data.Correlation measures co-movement, not causation, and can change quickly across different observation periods and markets.Pandl argued renewed scarcity demand could favor Bitcoin but presented no guaranteed price forecast publicly.  Grayscale Head of Research Zach Pandl said Bitcoins 90-day correlation with gold has climbed above 50%. The measure stood barely above zero at the beginning of 2026.  Over the same period, Bitcoins correlation with the Nasdaq 100 fell from more than 60% to approximately 33%. Pandl argued that the change may show investors reconsidering Bitcoin as a scarce monetary asset rather than treating it primarily as a high-risk technology investment.  You might also like:  Genius Group plans $827M Bitcoin, $800M AI treasuries  The figures describe recent price relationships, not permanent characteristics. Grayscale did not claim that rising federal debt directly

08-28انڈسٹری
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