A string of attacks has hit blockchains using the Cosmos EVM module, including MANTRA, TAC, KiiChain, and Nesa, with treasury-held protocol reserve tokens stolen and quickly sold on the market. The incidents were later linked by market participants to version v0.7.2 upgrade code published by Cosmos Labs on GitHub on Aug. 19. The release note itself said the version contained an important security fix and urged chains to upgrade through a coordinated process as soon as possible. The controversy centers on how the patch was handled. Critics said Cosmos Labs made the security fix public without privately warning downstream teams or issuing any mandatory upgrade notice to projects relying on the module. Developer @justde said the failure was not the existence of a vulnerability itself, but what happened after it became known: who got warned, who got patched, and whether customers or attackers moved first. KiiChain, one of the affected projects, said the incident could have been avoided and disclosed that the exploit required three upstream flaws in Cosmos EVM to be present at the same time. Nesa said on the night of Aug. 24 that it had detected malicious activity exploiting the Cosmos EVM vulnerability on its L1 and halted the chain while applying fixes and remediation measures. According to the report, its token had already dropped more than 94%, from $0.22 to $0.011. RootData data cited in the article also showed ATOM with an $800 million market capitalization, ranking 68th among tokens, down more than 95% from its peak.

Bitcoin extended its decline to a sixth straight day and briefly fell below $63,000, touching roughly $62,800 for the first time since Aug. 3, while also losing its 200-week moving average near $64,000. Analysts cited in PANews’ market note said the chart damage matters: Ash Crypto warned that the last comparable break of the daily trendline was followed by a decline of about 20%, putting fresh focus on whether the $60,000 area can hold. Benjamin Cowen added that mid-August through mid-October has historically been a weaker seasonal stretch for BTC, with average drawdowns of around 10% to 11% in August and about 8% in September. At the same time, volatility has compressed to an extreme. Bitcoin’s 30-day trading range narrowed to just 5.6%, one of the tightest readings on record, while roughly $1.29 billion in BTC options are approaching expiry with a max pain level at $64,000. The report also pointed to broader cross-asset signals, including U.S. inflation data, ETF flows, crypto-linked equities, and Asia market moves, as traders wait for a directional break.

Strategy’s standing in major equity indexes emerged as one of the day’s main storylines after Bitcoin News said MSCI had proposed new rules aimed at “non-operating companies,” with a May 2026 simulation showing Strategy could be removed from its global investable market index. The consultation period runs through Sept. 30, a decision is expected by Oct. 16, and any changes could take effect during the November 2026 index review. Another macro headline came from the U.S. Treasury’s planned $25 billion 30-year bond sale, which is expected to carry the highest financing cost since 2001, while U.S. interest expense for the current fiscal year has already reached $1.17 trillion. Across the crypto sector, TRM Labs said only 281 of 1,343 crypto asset service providers in Europe have obtained authorization after MiCA took full effect. Forward Industries disclosed additional SOL purchases, Wintermute outlined a roughly $1 billion five-year push into AI infrastructure and high-frequency trading, and Bullish, Gemini, Robinhood Chain and Tether each released notable operating or financial updates. The day also brought project launches, new financing rounds for Kalshi, Databricks and several AI startups, plus fresh regulatory developments from the CFTC and SEC.

According to data from DefiLlama, Gate World Liberty Financial USD (USD1) holdings have grown to $608.54 million. At the same time, Gate's staking program, which is being run in official cooperation with World Liberty Financial USD (USD1), remains active and currently offers an estimated annualized yield of 10%. During the campaign, users simply need to hold USD1 in their asset account to join the yield plan automatically. The minimum amount required is just 1 USD1, and there is no lock-up period, which means participants can earn daily rewards while keeping their capital liquid. Gate is the industry's first platform to offer contract-based staking, having achieved full coverage of both spot and derivatives tracks. The staking product supports more than 20 major crypto assets, including USDT, BTC, ETH, USD1, SOL, FLR and ATOM, catering to diverse allocation needs. Users do not need to perform any extra steps, and their normal trading and withdrawal functions remain completely unaffected, allowing for more efficient use of idle assets. This campaign is part of the official partnership between Gate and World Liberty Financial USD, aiming to enhance capital utilization without sacrificing usability.

Blockchain bridges connect isolated networks so assets and data can move across chains. Most rely on locking assets on one chain and issuing equivalent tokens on another.

On May 13, INJ, TIA, NEAR, STX, and ATOM led altcoin gains with 6%-13% jumps, driven by ecosystem growth, AI hype, technical breakouts, and Bitcoin DeFi interest.

Trust Wallet centers its security model on self-custody, local private key encryption, and 12-word recovery phrases. The review also outlines a 2022 software vulnerability and a 2023 social engineering theft involving a wallet user.

Dmail Network, Leap Wallet, Intergaze, and ZeroLend have announced shutdown or wind-down plans across messaging, wallets, NFTs, and DeFi lending. Users now face deadlines to export data, migrate wallets, move NFTs, or withdraw funds.