Category: crypto

Hyperdrive on the Hyperliquid blockchain faced a $700K exploit on Sept. 27, traced to router contract permissions. Affected users were reimbursed, markets restored. Money laundered through ETH and BNB Chain, fixed within hours. Ongoing investigation into a known threat actor. Hyperdrive remains focused on long-term strategies despite security risks in the ecosystem.

The US SEC has updated its generic listing standards for spot crypto ETFs, dropping delay notices for anticipated ETFs backed by tokens like Solana and XRP. Final decisions on 16 crypto ETFs are expected in October, including altcoins like Litecoin and Dogecoin. The SEC’s fast-track approval process aims to boost liquidity and prices for altcoins.

Ethereum price remains above $4,100 despite a record $796 million in ETF withdrawals last week. Major issuers like Fidelity and BlackRock led the withdrawals. The technical setup shows consolidation, with resistance around $4,300. Despite underperformance, Ethereum price rebounded due to retail buying and broader market recovery, holding steady at $4,100.

Aster CEO Leonard discussed plans for the project’s growing community, including a focus on spot trading, liquidity, and launching Aster Chain. The project aims to provide a transparent on-chain trading experience and flexible token buyback plan. The team will prioritize liquidity, UI-UX improvements, and expanding spot trading in Season 3.

SWIFT plans to create its own blockchain ledger with major U.S. banks to speed up cross-border payments. This move is seen as a response to the rapid growth of stablecoins, which are pressuring banks to adopt blockchain technology for faster and more efficient transactions. Other banks are also exploring blockchain solutions.

Solana ETF issuers, including 21Shares, are updating their proposals with revised fund structures and operational details. The SEC is expected to rule on 16 crypto ETF applications in October, covering altcoins like Solana, XRP, Litecoin, Dogecoin, and Cardano. Regulatory developments are fueling approval hopes across the industry.

Solana is becoming the backbone of blockchain infrastructure for capital markets, hosting $700 million in RWAs and $13.5 billion with stablecoins. Its network performance, with the capacity to handle up to 100,000 TPS, is a key driver of its dominance. Big-name adopters like BlackRock and Apollo Global are joining the network.

Wall Street opened positively on Monday as investors focused on President Trump’s efforts to avoid a government shutdown. Stocks, including S&P 500 and Nasdaq, gained, while cryptocurrencies also saw slight increases. The market is optimistic about Trump’s meeting with Congressional leaders. The surge in stocks also affected the crypto market, with Bitcoin and Ethereum prices…

Nikolaos Bougalis, former lead developer at XRP Ledger, has been appointed as the new Chief Technology Officer at the Algorand Foundation. This move signifies Algorand’s focus on decentralization and compliance. Bougalis brings experience in blockchain and will help solidify Algorand’s position as a preferred blockchain for enterprise applications.

Qatar National Bank has adopted JPMorgan’s Kinexys blockchain technology for USD payments, offering faster transactions and 24/7 services. This move aligns with QNB’s Web3 strategy, including tokenized money market funds and piloting Ripple’s cross-border remittance network. QNB is the first bank in Qatar to use Kinexys for corporate payments.