Crypto News
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Nearly $10 Million at Risk as Ethereum Layer 2 Prepares to Shut Down
Nearly $10 million could be stranded on an Ethereum layer 2 after deposits were halted and the network announced plans to shut down. CryptoSlate said users must follow differing exit procedures before New Year’s Eve to avoid possible loss.
CryptoSlate
Pentagon AI Official Emil Michael Sold Perplexity Shares, Filings Show
Financial disclosures show Pentagon AI official Emil Michael sold millions of dollars in Perplexity stock during the summer. He previously sold xAI shares in January in a transaction reportedly worth up to $24 million.
Decrypt
TAC blockchain remains frozen after exploit triggers 1.26 billion-token bailout
TAC has remained frozen for more than 10 days after an exploit led to a 1.26 billion-token bailout. A transaction emptied 28.6% of the bonded pool, while 1.66 billion attacker-held TAC remains unresolved.
CryptoSlate
Crypto Leads Corporate Political Spending as Congress Faces Next-Stage Pressure
Public Citizen’s analysis of FEC filings found record corporate political donations of $646 million over 18 months. Crypto led sectors with $206 million, while crypto, AI and online betting together spent $344 million.
CryptoSlate
North Korea-Linked Wallets Sold More Than $30 Million in Bitcoin Through Hyperliquid
Wallets linked to North Korea’s Lazarus Group sold more than $30 million in Bitcoin through Hyperliquid over three weeks, intensifying concerns about sanctions enforcement and the U.S. expansion of DeFi markets.
CryptoSlate
Strategy’s STRC remains near $97 despite $635.2 million buyback effort
Strategy’s STRC preferred security remains near $97 despite $635.2 million in buybacks. Michael Saylor has roughly one week before his informal Sept. 8 target to restore the security to its $100 par value.
CryptoSlate
Thai businessmen sue Tether over $42 million freeze in $61 million pig-butchering case
Thai businessmen sued Tether over its freezing of $42 million tied to a $61 million pig-butchering case. They did not dispute involvement in the scam but argued that Tether lacked authority to freeze the funds.
Cointelegraph
Layer-1 blockchain freezes for four hours after $4.9 million exploit
CryptoSlate reported that a layer-1 blockchain paused for about four hours after a $4.9 million exploit. An emergency patch disabled binary-options settlement, while researchers linked an address holding roughly 1,980 ETH to the incident.
CryptoSlate
Capital B targets 376 BTC treasury addition after $8.8 million Adam Back investment
Capital B aims to add 376 BTC to its treasury after an $8.8 million investment from Adam Back. The Euronext Growth Paris-listed firm issued 13,181,030 shares at €0.58 each, with four warrants per share.
CoinDesk
Major financial institutions move to capture the $1.9 trillion stablecoin shift
Twenty-one major financial institutions, including Bank of America and Citi, are positioning themselves around stablecoins as Standard Chartered estimates the tokens could remove about $500 billion from US bank deposits by 2028.
CryptoSlate