Headlines

Solana Governance Proposal Could Increase Daily SOL Burns More Than 10-Fold While Reducing Inflation

Solana validators are moving closer to advancing a governance proposal that could significantly reshape the network’s tokenomics by dramatically increasing the amount of SOL permanently removed from circulation while accelerating the reduction of new token issuance. The proposal, SGP-0003, combines two previously introduced Solana Improvement Documents (SIMDs) into a single governance package designed to tighten…

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Proof of Play Shuts Down Despite a16z Backing

Proof of Play, the Andreessen Horowitz (a16z)-backed Web3 gaming studio behind the fully on-chain RPG Pirate Nation, is shutting down after concluding it could not build a scalable and sustainable blockchain gaming business, marking another high-profile setback for the Web3 gaming industry. The company announced on Aug. 4 that it will cease operations after failing…

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FBI Agent Charged With Stealing $1 Million in Cryptocurrency From Suspect’s Wallets

A former FBI supervisory special agent has been charged with stealing nearly $1 million in cryptocurrency from digital wallets tied to an active counterintelligence investigation, in a case that underscores the risks of insider abuse as law enforcement agencies increasingly rely on digital assets in national security probes. Patrick Steven Yaroch, who previously held a…

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Mastercard Completes BVNK Acquisition to Accelerate Stablecoin Payments Infrastructure

Mastercard has officially completed its acquisition of London-based stablecoin infrastructure provider BVNK, marking a major step in the payments giant’s strategy to bridge traditional financial systems with blockchain-based digital assets. The deal strengthens Mastercard’s ability to support seamless value transfers between fiat currencies and stablecoins while expanding enterprise-grade infrastructure for the next generation of global…

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Bitcoin Cold-Wallet Attack Spreads to 4,500 Addresses as Losses Near $89 Million

A sophisticated attack exploiting a years-old vulnerability in Bitcoin cold wallets has expanded significantly, with blockchain researchers estimating that nearly $89 million worth of BTC has now been stolen from more than 4,500 wallet addresses. The campaign, which targets wallets created using vulnerable COLDCARD firmware released in March 2021, has evolved through multiple attack waves…

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Aave Plans to Shut Down Six Blockchain Deployments in Strategic Network Cleanup

Aave, the world’s largest decentralized lending protocol, is preparing to streamline its multi-chain footprint by retiring six blockchain deployments and dozens of underutilized asset markets. The proposal, currently under governance review, is part of a broader effort to cut operating costs, reduce risk, and focus resources on networks with stronger user activity. If approved by…

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