Blockchain monitoring firm Specter reported that the whale wallet TLBL is suspected of a private key leak, leading to the loss of approximately $25.6 million in assets. The attacker swapped all stolen tokens — WBTC, cbBTC, LDO, USDS and CRV — into DAI and ETH. This is not the first time the wallet has been compromised. In September 2023, TLBL suffered $24.23 million in losses due to a malicious token approval, although the attacker eventually returned roughly 90% of the stolen funds.

According to on-chain detective Specter, an attacker has converted about $25.6 million in WBTC, cbBTC, LDO, USDS and CRV into DAI and ETH. The same wallet was drained of $24.23 million in September 2023 through a malicious token approval; that attacker later returned roughly 90% of the funds. The attacker's address is 0x8fEB...F95Ae.

An attacker has swapped all assets in a wallet—WBTC, cbBTC, LDO, USDS and CRV—for DAI and ETH, according to on-chain detective Specter. The same wallet suffered a $24.23 million theft in September 2023, with roughly 90% of the stolen funds eventually returned. The address is 0x8fEB...F95Ae.

Project updates over the past week spanned restaking, token launch tooling, DAO governance, derivatives trading, legal disputes, token unlock visibility, Layer 2 upgrades, and shifting sector data. ether.fi removed all EigenLayer restaking exposure from weETH and is moving that function to a separate Symbiotic-based token, weETHs, with the remaining EigenLayer exposure already below 1% and expected to reach 0% in the third quarter of 2026. Uniswap rolled out Pools on Robinhood Chain as a launchpad for high-volatility meme tokens, offering Crowd Launch and Instant Launch formats, permanent liquidity and anti-sniping features; data from @Adam_Tehc showed $99.1 million in first-day volume, or about 54.2% of token launchpad volume on Robinhood Chain that day. Elsewhere, Lido DAO opened voting on its NEST automated buyback mechanism, Hyperliquid posted $218 billion in July perpetuals volume, and Shaw said ai16z would abandon its token, wind down the foundation and keep building open-source AI around Eliza. DeFi total value locked also turned up in July, rising 5.3% to about $73.8 billion after six straight monthly declines.

Grayscale Investments has released the second-quarter 2026 rebalancing results for several of its multi-asset crypto funds, with changes made under the methodology of the indexes each product tracks. In the Grayscale Smart Contract Platform Fund, the firm sold part of its existing holdings and used the proceeds to buy BNB, making it the fund’s largest position as of Aug. 3. In the Grayscale Decentralized AI Fund, NEAR Protocol was sold and the capital was redistributed across the fund’s remaining components. Grayscale also adjusted its DeFi Fund by selling Uniswap and reallocating the proceeds based on the existing weight of current holdings. The updated portfolio breakdowns disclosed by the firm show how those moves reshaped exposure across BNB, ETH, SOL, TAO, RENDER and other tokens.

Grayscale has completed the scheduled rebalancing of its multi-asset digital asset funds for the second quarter of 2026, according to Globenewswire. The changes covered the Grayscale DeFi Fund, the smart contract fund and the decentralized AI fund. In the DeFi portfolio, the firm sold Uniswap (UNI) and redistributed the proceeds based on existing component weights. As of Aug. 3, UNI still accounted for 34.16% of the fund, followed by ONDO at 25.44%, AAVE at 19.97%, ENA at 12.19%, CRV at 4.42% and LDO at 3.82%. In the smart contract fund, Grayscale sold part of its existing holdings under index rules and used the proceeds to buy BNB, which became the fund’s largest position at 30.6%. The decentralized AI fund sold NEAR and reallocated the proceeds across current holdings, with NEAR, TAO, RENDER and FIL listed as of Aug. 3.

A proposal to burn a growing share of Ethereum validator rewards has triggered a sharp backlash from some of the ecosystem's best-known DeFi and staking founders, including Aave founder Stani Kulechov and ether.fi CEO Mike Silagadze. The draft, first posted on Aug. 4 ahead of the Hegotá proposal deadline, would remove the incentive to stake beyond half of all ETH by scaling up reward burns as the staking ratio rises, with the burn reaching 100% at a saturation balance of 60.25 million ETH. At current staking levels, the authors say the measure would lower net consensus yield from roughly 2.6% to 1.2%, though they propose phasing it in over 18 months. Critics argue the mechanism would hurt solo stakers, create tax complications in jurisdictions that tax rewards on receipt, and pressure liquid staking and DeFi protocols tied to staking income. Kulechov said the design could cut validator income by 48% under one scenario, while Silagadze called the process and timing "disappointing on every level." Supporters of the proposal counter that Ethereum should not keep subsidizing unlimited growth in staked ETH and say the loudest critics are those with revenue most exposed to the change. The proposal, initially referred to as EIP-8361 and later corrected to EIP-8363, is expected to come up on Thursday's All Core Devs consensus call.

Lido DAO has opened the on-chain voting window for “NEST: Auto-Buyback,” with the main voting phase running from Aug. 5 to Aug. 8 at 22:00. The mechanism is designed to create an on-chain link between Lido protocol performance and LDO, and its design and parameters had already been approved through a Snapshot vote in May. According to the Lido governance forum, the rollout is now proposed under a “Treasury Only Mode” rather than the previously approved “LP Mode.” Under the plan, NEST would use Stonks v2 and CoW Swap to sell a portion of DAO-held stETH and buy LDO. In treasury-only mode, 50% of the acquired LDO surplus would be transferred directly to the DAO treasury, while LP mode would have directed 50% of surplus into the LDO/wstETH Curve v2 pool. The team said additional modeling showed LP mode had limited use cases, and no audit report currently covers the specific Curve version deployed on-chain. NEST has an annual spending cap of $10 million, and the related contracts were audited and deployed to mainnet in July.