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.

Moonwell lost about $8.7 million on Base on Thursday after an attacker used a route that did not enforce the protocol’s MAMO supply cap, according to onchain records cited by Unchained. Security firms CertiK and Blockaid linked the incident to price manipulation involving MAMO, a thinly traded token accepted by Moonwell as collateral, while PeckShield estimated the loss at $8.7 million. The attacker first used Moonwell’s standard deposit flow to supply 7.1 million MAMO at 09:12:59 UTC, receiving 346 million shares. Minutes later, the same address stopped minting shares and instead sent 34,910,397 MAMO directly to the market contract at 09:19:59 UTC, followed 70 seconds later by another 18,482,894 MAMO. Those transfers each consumed 120,017 gas, emitted only two events, and created no new shares. Because Moonwell uses Compound v2 logic, adding tokens to the pool without increasing shares raised the stored exchange rate from 0.0205 to 0.0755, about 3.7x. That made the attacker’s 346 million shares worth roughly 26 million MAMO on paper, allowing loans against inflated collateral in cbBTC, USDC, and wstETH. Moonwell said it is investigating and has set borrow caps for all Core Markets on Base to 1 wei, freezing new borrowing across those markets.

Moonwell, a DeFi lending protocol on Coinbase’s Base network, was hit by an exploit that drained nearly $9 million in user deposits, according to Protos and on-chain security alerts from Blockaid. The attacker manipulated the price of MAMO, a relatively illiquid token accepted as collateral on Moonwell, then borrowed assets from the protocol’s mCBTC market. Blockaid said the attack was first flagged about an hour after it began, initially identifying 50.6 cbBTC, worth more than $4 million, as already drained. Protos reported that the losses later climbed as the attacker borrowed cbBTC, USDC, WETH, and wstETH, then swapped the proceeds into DAI. Of that amount, 8.7 million DAI was reported to be sitting in an Ethereum address funded via Tornado Cash. Moonwell said it responded by cutting all borrow caps, along with MAMO and WELL supply caps, to one wei to block new borrowing and contain any added damage. The incident is the protocol’s fourth pricing-related problem in less than a year, following earlier episodes involving an October 10 market-crash discrepancy, fallout tied to the Balancer hack, and a February contract error involving cbETH valuation.

Coinbase is being cast as an unexpected front-runner in AI agent payments, not because it built a card network, but because it assembled the pieces that let an agent hold funds and transact on its own. The article argues that while much of the market focus has stayed on Visa, Mastercard, Stripe, OpenAI and Google, Coinbase already has an operating stack in place. According to disclosures cited from Coinbase’s 2026 quarterly earnings calls, more than 90% of on-chain agent transactions took place on Base, 99% of agent business transactions were settled in USDC, and more than 97% of on-chain agent transactions used the x402 protocol. Base also accounted for 62% of the stablecoin transaction volume across the industry. The report says Coinbase’s edge comes from combining Base, the x402 machine-to-machine payment standard, Agentic Wallets launched on Feb. 11, 2026, and native wrapped assets such as cbBTC and cbETH into one ecosystem. In that setup, an AI agent can have its own wallet address, hold assets, send payments, execute transactions and collect revenue under preset permissions and risk controls. Rather than plugging agents into existing card rails, Coinbase’s approach gives them a native on-chain financial identity. That, the article says, fits machine-to-machine, high-frequency and micropayment flows better than relying on a human’s credit card.

Coinbase told investors that Base is handling more stablecoin activity than any other blockchain, but the network is generating less revenue for the exchange. In its second-quarter earnings materials filed Thursday, the company said "other" transaction revenue fell 11% quarter over quarter to $47.4 million, largely because of lower Base revenue, even as stablecoin transaction volume on Base rose sevenfold from a year earlier. CEO Brian Armstrong said on the earnings call that Base processed about $32 trillion in stablecoin transfer volume over the past 12 months and now ranks No. 1 among all chains by that measure. Coinbase also said more than 90% of agentic stablecoin payments, mostly routed through its x402 protocol, settle on Base. The company framed the trade-off as intentional, saying Base helps drive users toward USDC economics, where Coinbase said it captured roughly 50% of all USDC economics over the past year. Still, quarterly revenue of $1.22 billion missed estimates, net loss reached $359.5 million, and the company gave no sign of a Base token in its earnings deck, 10-Q, or conference call.

Coinbase reported second-quarter results on July 30, 2026, showing total revenue of $1.22 billion, down 14% from the prior quarter and 19% from a year earlier, with a net loss of $359 million. Trading revenue came in at $599 million, while subscription and services revenue reached $555 million and accounted for 48% of net revenue, highlighting how the company’s business mix continues to shift away from spot trading fees. The report also pointed to gains outside the core spot business. Coinbase said prediction market contracts and revenue rose 106% quarter over quarter, with annualized revenue topping $100 million, while its Crypto Binaries product posted a threefold increase in daily traders and a fourfold increase in daily revenue. At the same time, the company’s crypto trading market share rose to a record 10.3%, up from 9.1% in the first quarter. On-chain and stablecoin activity remained a major focus. Coinbase said average USDC holdings reached a record $20 billion, Base stablecoin transfer volume grew sevenfold year over year, and Base’s average borrowing balances climbed to $1.491 billion. Even so, weaker market volumes, lower volatility, and softer prices continued to weigh on transaction-driven revenue.

OpenClaw’s official marketplace ClawHub was found to host 1,184 malicious skills designed to steal wallet private keys, SSH credentials, and browser passwords, adding to concerns over default trust in AI tool ecosystems.