News
Platform news and market context
News
Platform news and market context
Nigeria's SEC Unveils Draft Crypto Rules Imposing Strict Capital and Local Presence Mandates on Global Platforms
Nigeria's securities regulator has proposed new rules requiring cryptocurrency firms, including offshore platforms serving local users, to establish a physical presence and meet significant capital, custody, and reserve standards. The draft regulations, open for comment until September 3, aim to bring the digital asset industry under a formal licensing framework.
Coldcard now requires 65 key presses after seed exploit, while exposed funds still must move
Firmware 5.6.1 and 1.5.1Q harden new wallet creation but cannot repair a seed made on an affected release. The postColdcard now requires 65 key presses after seed exploit, while exposed funds still must moveappeared first onCryptoSlate.
Grayscale's Zcash ETF Filing Details 2.5% Fee, Potential 34% Stake for DCG Affiliate
Grayscale has filed to convert its Zcash Trust into an ETF, which would have a 2.5% annual fee and could result in a Digital Currency Group affiliate owning approximately 34% of the fund based on a nonbinding contribution scenario dated June 30.
Illinois Faces Second Lawsuit Over Controversial 0.2% Crypto Asset Tax; Users Could Face Monthly Tax Bills
Two major crypto industry groups have filed a second lawsuit against Illinois over its new 0.2% digital asset tax, scheduled to begin in 2027. The complaint challenges the legality of the tax, which is levied on the total value of assets in a transaction and would require users to pay monthly if brokers fail to collect it.
Hazync Project Promises 27-Millisecond Bitcoin Validation, But Proving Entire Chain Is Estimated to Take 17 GPU-Years
The Hazync research project has achieved 27-millisecond validation for an early segment of the Bitcoin blockchain using a novel zkVM method. However, its developer estimates a formidable 17 GPU-years of computation will be necessary to apply this technique to the chain's entire history.
Adam Back's Public Bitcoin Treasury Deal Collapses, Leaving $15 Million Payment Obligation
The agreement for Adam Back's BSTR to become a public Bitcoin treasury company via a SPAC merger with Cantor Equity Partners I was terminated on August 20. This collapse leaves BSTR with a mandatory $15 million payment to Cantor, due in two installments with strict deadlines.
Illuvium says six months of cuts bought it another year as MMO becomes its main remaining bet
Warwick says six months of cost reductions restored runway, but the studio has not published its current burn. The postIlluvium says six months of cuts bought it another year as MMO becomes its main remaining betappeared first onCryptoSlate.
Ethereum researchers are racing to close a zkEVM security gap before December
The better.codes contest puts Ethereum’s abstract security target against live certificates, but its score covers only koalaIRS12. The postEthereum researchers are racing to close a zkEVM security gap before Decemberappeared first onCryptoSlate.
Exploit Forces MANTRA Chain Offline; August 21 Restart Awaits Critical Patch Validation
Following an exploit of an upstream dependency, the MANTRA Chain mainnet remains halted, with all transactions, transfers, and staking services unavailable. The team is targeting an August 21 restart, which is contingent on the successful testing of a security patch on its testnet.
Trump-Backed USD1 Stablecoin Contains Undisclosed Wallet Controls, Justin Sun Alleges
Tron founder Justin Sun claims World Liberty Financial's $4 billion USD1 stablecoin has on-chain functions for seizing funds from frozen wallets that are not present in its public GitHub code, escalating an ongoing legal and public dispute between the two parties.
Bitcoin ETFs Attract Over $1.6 Billion in a Week as Ether Funds Mark Biggest Inflow Since Last October
A strong week for cryptocurrency funds saw U.S. spot Bitcoin ETFs pull in $608.3 million on Thursday, bringing August's total to a 2026 record of $2.07 billion. Meanwhile, spot Ether ETFs registered their largest single-day inflow since October 2025, complementing a market rally that pushed Bitcoin past $75,000.
Ethereum's New Programmable Wallet Feature Exploited, with Attackers Driving 63% of Early Use and $2.36M in Losses
A peer-reviewed security study has revealed that attackers were responsible for 63% of the initial transaction volume for Ethereum's new EIP-7702 programmable wallet feature, leading to identified losses of $2.36 million and exposing critical design vulnerabilities.