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Coinbase-Backed Crypto Bridge to Shut Down as Business Model Fails
A Coinbase-backed cross-chain project is shutting down after saying bridge fees cannot support always-on infrastructure. A planned burn of 303.3 million ROUTE tokens remains pending, CryptoSlate reported.
CryptoSlate
Whitehat Holds $320 Million in Bitcoin Pending Proof of SideSwap Fix
A whitehat hacker is holding roughly $320 million in drained Bitcoin until developers show that SideSwap’s critical flaw is patched. The bridge-created L-BTC reportedly passed valid authorization while nodes were paused.
CryptoSlate
Bitcoin Slips as Treasury Yields Rise, but Fed Hike Odds Stay Largely Steady
Bitcoin fell and Treasury yields rose after Friday’s jobs report, but CoinDesk said expectations for a Federal Reserve rate hike remained largely steady, making the market’s hawkish reaction appear overstated.
CoinDesk
Liquid Network Reports Withdrawal of About 4,000 Bitcoin from Federation Reserves
Liquid Network said purported white-hat hackers withdrew about 4,000 bitcoin from the federation wallet backing L-BTC. Bridge nodes were disabled and the sidechain paused, Bitcoin Magazine reported.
Bitcoin Magazine
Three DeFi projects face possible exclusion from future Arbitrum DAO programs
Good Entry, Limitless and APX Finance could face separate off-chain votes over exclusion from future Arbitrum DAO programs. CryptoSlate said any combined figure is not a single repayable balance or evidence of a joint obligation.
CryptoSlate
Bitcoin Rally Begins as Treasury Plans Larger Long-Term Bond Buybacks
Bitcoin’s latest rally began after the Treasury announced that, from Sept. 9, it would raise the maximum size of certain buyback operations for 10- to 30-year government bonds from $2 billion to $4 billion.
CryptoSlate
New Jersey petition brings Kalshi dispute closer to Supreme Court review
New Jersey has petitioned the U.S. Supreme Court to review its case against Kalshi, CoinDesk reported. The filing moves the prediction-markets dispute closer to the high court, though justices have not indicated whether they will hear it.
CoinDesk
Bitmine May Exceed 5% Ethereum Target Through Reward Retention
A CryptoSlate-cited two-year model says Bitmine could exceed its 5% Ethereum goal without further purchases, but would need to retain about 74% of rewards with flat supply and 96.5% if supply grows 0.5% annually.
CryptoSlate
Aave Proposal Would Allow Emergency Market Freezes Without Unfreeze Powers
An Aave proposal would create bounded emergency roles able to freeze markets through one-way safety calls. CryptoSlate reports that the current Risk Steward release cannot invoke these tools, and they would not include unfreeze powers.
CryptoSlate
The $63 Billion Revolving Door Behind the US Bitcoin ETF Market
CryptoSlate highlights a $63 billion flow mechanism in the US Bitcoin ETF market. On August 27, $277.6 million was recorded entering BlackRock’s IBIT, illustrating how anonymous ETF flows appear near the close of US trading.
CryptoSlate
Bitcoin Perpetual Futures Show Sharp Surge in Activity at 15:00 UTC
CryptoSlate reports that Bitcoin perpetual futures become significantly more active at 15:00 UTC, with higher trading volume, turnover and price movement in the next 10 seconds. The recurring pulse is linked to $14 billion in activity.
CryptoSlate
Why Bitcoin Forecasting Models Can Mistake Market Noise for Signals
CryptoSlate reviews Bitcoin price models ranging from halving-based scarcity and on-chain metrics to power-law charts and AI systems, focusing on the risk that increasingly complex approaches may memorize historical market noise.
CryptoSlate
Trezor breach exposure estimate rises sixfold after shipping logs surface
CryptoSlate reports that the estimated number of customers exposed in a Trezor breach rose sixfold after supposedly deleted shipping logs were found. The larger disclosure implies roughly 80,689 affected customers, though overlap remains unverified.
CryptoSlate