Nearly $10 million must escape a dying Ethereum L2 network before New Year’s Eve or risk becoming unrecoverable
Silicon Network is shutting down with nearly $10 million still on-chain, giving users until year-end to exit. The Ethereum layer 2 stopped accepting new bridge deposits and ended its network on Sept. 2, starting a withdrawal period that runs through Dec.…
USDC may be only as quantum-safe as its slowest wallet, bridge or blockchain
Circle issued a warning that the quantum circuits needed to attack widely used blockchain signatures are becoming leaner, citing a low-width record of 813 logical qubits. For the USDC quantum migration, the immediate consequence is a dependency problem…
Circle processed $32 trillion in USDC transfers, yet 95% of its revenue relies entirely on interest rates
Adjusted USDC transfer volume reached $32 trillion in 2026 through Coin Metrics’ August measurement, with each dollar of supply turning over 741 times at an annualized rate. Those figures signal reach and settlement intensity. Circle’s…
Stopping a blockchain doesn’t always recover stolen funds – What actually happened when 3 networks pulled the plug
Three blockchain networks stopped producing blocks within four days. Each blockchain halt used different emergency powers, and Cronos alone also replaced part of its canonical history. Cronos said validators halted the network by consensus after an…
The next currency crisis may be harder to contain because of stablecoins, New York Fed report shows
A New York Federal Reserve study found that dollar stablecoins are more likely to flow into wallets tied to countries experiencing currency or banking crises. Wallets linked to countries experiencing some form of financial crisis were 1.8% more likely to…
Phantom’s plan to drop Sui exposes the hidden power wallet interfaces hold over user funds
Phantom will remove Sui from its wallet interface on Sept. 24, one month after announcing that it and Sui had decided to end the integration. After the transition, Phantom will no longer display Sui balances, support Sui sends or swaps, or connect to…
Bitcoin’s 7 million coin quantum problem just reached the US Treasury
The US Treasury has formally brought digital assets into the financial sector’s preparations for quantum computing threats. On Aug. 24, the US Treasury launched its Quantum-Readiness Task Force, with one of three workstreams dedicated to digital assets…
Fidelity grants ETFs power to stake 100% of crypto while outlining exit delay risks
Fidelity’s FETH and FSOL staking plans give its Ethereum and Solana exchange-traded products authority to stake up to 100% of their crypto under normal conditions, while pairing that ceiling with a layered plan for meeting redemptions when network exits…
Ethereum researchers are racing to close a zkEVM security gap before December
Ethereum’s better.codes contest now measures a cryptographic proof gap that researchers can attack from both sides. At 15:44:47 UTC on Aug. 21, the live leaderboard showed a 63.99-bit lower certificate and a 116.13-bit upper certificate for koalaIRS12.…
Trump-backed $4 billion USD1 stablecoin has wallet powers its own GitHub does not show
Justin Sun escalated his public fight with Donald Trump-backed World Liberty Financial on Friday, accusing its USD1 stablecoin of carrying administrative powers that allow privileged operators to move funds from frozen wallets without holder consent. On…