PinGo, a DePIN project on The Open Network (TON), said it has been hit by another network attack, according to an official statement cited by ChainCatcher. The team said the attacker has already sold part of the tokens involved in the incident. PinGo added that it has completed the consolidation of on-chain assets and is actively handling the security event. At the same time, Gate has temporarily suspended deposits for the PinGo token, PINGO. The team said it will continue to disclose follow-up information as the incident develops. Following the event, PINGO briefly posted a gain of as much as 70% and was last quoted at $0.03. No further details about the attack were disclosed in the statement provided in the news digest.

A fresh roundup from ChainCatcher put institutional blockchain adoption, regulation and macro expectations at the center of the crypto market’s latest cycle. The biggest headline was the formal launch of EthSystems, a company focused on Ethereum privacy infrastructure for banks, asset managers and other regulated institutions. The startup said it was formed by the core team behind the Ethereum Foundation’s Institutional Privacy Task Force and has backing from ecosystem supporters including Bitmine, Sharplink Gaming and Joe Lubin. Its pitch is straightforward: institutions need privacy controls, compliance compatibility and selective disclosure before they can use Ethereum at scale for financial transactions. Regulatory attention is also rising in traditional markets. According to The Korea Times, South Korea’s finance ministry, Financial Services Commission, Financial Supervisory Service and central bank will meet on Thursday under the government’s “F4” framework to discuss risks tied to single-stock leveraged ETFs. Officials are weighing measures such as higher margin requirements, daily price-limit changes and leverage adjustments, though no final policy line has been set. Across the broader market, Wintermute and Coinbase Institutional both described bitcoin as relatively resilient in the face of geopolitical shocks and tightening rate expectations. Stablecoin supply has also pulled back by roughly $10 billion from its May 2026 peak, but the decline remains far smaller than the contraction seen during the 2022 bear market. The update also covered ETF flows, fundraising, DeFi security, US policy signals and several institutional crypto developments.

PinGo said its reward contract was hacked in a recent security incident, with the attacker exploiting an authorization verification flaw to claim 840,000 PINGO tokens without permission. The project said the situation has now been brought under control. According to PinGo, remaining assets have already been migrated and the affected contract has been upgraded. The team also said PINGO tokens and the related private keys remain secure. Reward claims have since been reopened. The update was disclosed in an official statement cited by ChainCatcher.