Cronos halts chain after Tectonic exploit:
Validators paused the entire Cronos network following a ~$75M “pump and borrow” attack on Tectonic (TONIC collateral pumped ~100x in 20 mins).
Only ~$6M bridged to Ethereum; ~$60–69M remains trapped on Cronos.
Crypto.com app/exchange unaffected, no restart timeline yet.
#DeFi #Cronos #Tectonic
https://cointelegraph.com/news/cronos-network-halt-tectonic-exploit-75-million
Bitmine nears 5% of ETH supply:
Bitmine Immersion (BMNR) bought 53,501 ETH last week (~$131M), its biggest weekly purchase since June, extending its streak to 65 consecutive weeks.
Total holdings: ~5.90M ETH (~4.9% of 120.7M supply), ~86% staked; ~$335–396M projected annual staking revenue.
Still ~134K ETH short of its 5% “Alchemy” target.
#Ethereum #Crypto #BMNR
https://cointelegraph.com/news/bitmine-ether-buying-streak-65-weeks-ethereum
Bitcoin steady as U.S Iran tensions flare:
$BTC held near $77.5–78K while oil jumped ~2% (WTI $85.10, Brent $92.39) and stocks/gold slipped.
BTC is August’s best performer (+23% vs gold +9%, Nasdaq +4%).
Traders eye $77K support and $79.4–80.8K resistance ahead of the Sept 4 jobs report.
#Bitcoin #Crypto #Markets
Fed hike fears overblown:
CME FedWatch puts September rate hike odds at ~58% (not ~90%), below the 60–70% “done deal” zone.
Warsh’s hawkish Jackson Hole remarks sparked chatter, but analysts say a hike if it happens, would be more about anchoring yields than tight policy, keeping the path of least resistance up for BTC/gold.
#Fed #Rates #Bitcoin
U.S. debt metric boosts BTC bull case:
The U.S primary budget deficit is 3.59% of GDP, the largest among major advanced economies, even above Japan’s.
With markets demanding higher yields on Treasuries, bitcoin and gold are drawing haven demand (BTC +23% in August, gold +10%).
Key data this week: Friday’s jobs report and Fed hike odds.
#Bitcoin #Macro #Debt
Robinhood Chain tops Ethereum in daily revenue:
On Aug 30, apps on Robinhood Chain earned ~$2.66M (2× Ethereum, 6× Base), driven by memecoin trading.
The network hit a record 5.52M txs and ~$875M DEX volume, Pons alone launched ~22,600 tokens in a day.
Built for tokenized stocks, but memecoins now dominate activity.
#Crypto #Memecoins #Robinhood
Crypto Market Sentiment: Defensive in the Short Term, Bullish on Infrastructure / Tokenization Boom, Hawkish Fed, Scams & Rising Security Risks
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