DeFi lending protocol More Markets was exploited on August 31, with an attacker draining approximately $9.3 million from its mFlowWFLOW lending reserve on Flow EVM.
Blockchain security firm Blockaid flagged the incident, reporting that the attacker combined Ankr's liquid staking token with E-mode — a capital-efficiency feature from Aave V3 — to overborrow against the protocol. Around 15.5 million Wrapped Flow (WFLOW) tokens were taken from the reserve.
Users with funds in More Markets on Flow EVM should assess their exposure. No confirmed recovery plan or post-mortem has been reported at this time.
A severe congestion in Ethereum's validator activation queue has stretched to 35.75 days, costing depositors an estimated $350,000 in lost staking rewards every day.
The bottleneck stems from the network's 256 ETH-per-epoch activation limit, which caps how quickly new validators can enter the staking system. As deposit demand outpaces the gate's throughput, queued ETH sits idle — earning nothing while waiting for activation.
The growing backlog highlights a structural tension in Ethereum's staking design as validator demand continues to rise.
Michael Saylor has signaled a potential Bitcoin purchase by Strategy, sharing his trademark "Bitcoin Tracker" chart on social media — a move he has historically made ahead of acquisitions. If confirmed, it would be the firm's first purchase in roughly two months.
The hint comes as Bitcoin rebounded from Friday's lows, approaching $79,000. Bitcoin dominance climbed above 60%, reflecting continued rotation away from altcoins, while Strategy's market valuation expanded alongside the price recovery.
Strategy remains one of the largest corporate holders of Bitcoin, making any new purchase a closely watched signal of institutional conviction in the current market environment.
A UK Bitcoin investor has recovered 61 BTC after losing access to the funds when an early crypto exchange collapsed in 2014. The coins, originally purchased for £1,500, are now valued at approximately £3.3 million ($5 million).
The recovery came after a 12-year effort to reclaim the funds. The investor says he plans to use the windfall to purchase a larger home.
The case highlights the long-term consequences of early exchange failures and the enduring value of Bitcoin holdings from crypto's earliest years.
📈 Tokenized Stocks Hit $29.5B as Coinbase Joins Base
Tokenized stock transfers surged 415% to $29.5 billion, marking a significant acceleration in the on-chain equities market. Coinbase has now entered the space directly, launching four share-backed equity tokens on its Base network.
The tokens are available to non-U.S. users, reflecting the regulatory constraints that continue to limit domestic access to tokenized securities. Coinbase's move brings institutional-grade equity exposure onto a major Layer 2 chain.
As major platforms commit infrastructure to tokenized assets, the sector is shifting from experimental to increasingly mainstream within DeFi and Web3.
🏦 Coinbase Partners with Betrmortgage for Bitcoin-Backed Loans
Coinbase has announced a partnership with Betrmortgage to allow users to secure mortgages using Bitcoin as collateral.
The arrangement enables crypto holders to access real estate financing without liquidating their Bitcoin holdings. No further details on loan terms, eligibility criteria, or supported regions were provided in the announcement.
If confirmed at scale, this marks one of the first direct integrations between a major crypto exchange and a mortgage lender.
🌐 LayerZero to Launch Blockchain Exchange This Fall
LayerZero has announced plans to launch a blockchain-based exchange this fall, marking a significant expansion beyond its core cross-chain messaging infrastructure.
No further details on the exchange's structure, supported assets, or trading mechanics have been disclosed at this stage.
The move signals LayerZero's intent to extend its ecosystem into trading infrastructure, a space where its cross-chain interoperability layer could play a foundational role.