BitGo said it has completed the acquisition of NYDIG’s institutional trading business in a cash-and-stock deal worth about $42.5 million, adding derivatives, structured products, and capital markets capabilities. Roughly 30 NYDIG employees and related institutional client relationships will move to BitGo. Binance, meanwhile, said it will list a NIULAI USDT perpetual contract at 19:30 on Aug. 30 Beijing time with leverage of up to 10x. The PANews daily roundup also covered a security report from Cosmos Labs on an EVM module vulnerability that affected six networks, comments from Tether CEO Paolo Ardoino pushing back on criticism from the Bank for International Settlements, and market views from CryptoQuant analyst Darkfost, Arthur Hayes, JackYi, and Jiang Zhuoer. Other items included Ajna v2’s reported exploit, Polygon’s urgent client upgrade notice after the Austin and Kyoto hard forks, SK Telecom’s plan to spin off its AI data center arm, and trading data from South Korea’s top crypto exchanges.

Ajna v2 was exploited in a liquidation accounting manipulation, causing about $775,000 in losses across multiple pools including syrupUSDC, wstETH, rETH, cbETH, WBTC, WETH/USDC and sDAI, according to Defimon Alerts. Ajna said on X that it noticed the vulnerability attack and is investigating abnormal fund flows. The team advised users to withdraw all funds, repay loans, and pause protocol interactions. The exact attack vector has not been detailed beyond the attribution to liquidation accounting manipulation.

On-chain lending is evolving from a leverage tool into core DeFi infrastructure. Aave leads with $32.9 billion TVL, while RWA-backed lending, fixed-rate products, and institutional adoption reshape the market amid liquidation, credit, and cross-chain risks.