Pendle’s fixed-rate market for sUSDe has climbed to 5%, marking its highest level in three months, according to a Techub News item citing CryptoBriefing. The product lets users lock in a predefined return at maturity by purchasing the protocol’s principal token. The reported 5% level stands above the roughly 4.2% underlying on-chain yield tied to sUSDe, and also exceeds the 3.6% Sky Savings Rate. The comparison highlights a premium in Pendle’s fixed-rate market relative to both the base yield source and the savings benchmark mentioned in the report. The report also said the protocol has historically absorbed about $204 million in realized sUSDe yield. Separately, Pendle’s newly launched sUSDS market drew $50 million in capital within two weeks. No additional details on timing beyond the two-week period were provided in the source item.

Ethena Foundation has opened a Snapshot governance vote on a proposal to send all net revenue generated across Ethena-branded businesses into programmatic ENA buybacks. The Foundation said the proposal, approved by Ethena’s Risk Committee, went live on Thursday, Aug. 27, though it did not disclose a voting deadline. In a separate update, the Foundation said it purchased all remaining locked ENA from certain major seed investors that sold the token during the previous nine months, but did not name the investors or disclose the amount of tokens, the purchase value, or the buyout price. The announcement also outlined a Master Framework Agreement between Ethena Labs and the Foundation that assigns protocol intellectual property and ownership of value accrued by the protocol exclusively to the Foundation. According to the Foundation, those assets would be governed by ENA holders, while Labs equity investors would keep no residual claim on protocol cash flow. The Foundation also said it and lead investors agreed to eliminate future monthly venture-investor unlocks by releasing unvested investor tokens, while team tokens remain on their original vesting schedule.

Foresight News’ latest weekly Web3 roundup pulls together a dense mix of stories that shaped industry conversation over the past several days. At the center were the death of Quantum Fintech Group founder Harry Yeh in Paraguay, a fresh count showing that more than 300 Web3 projects have gone quiet over roughly 588 days, and renewed attention on Li Lin’s return through Avenir Group-backed UMX. Bitcoin also saw an old fault line reopen after BIP-110 triggered a chain split and cost Luke Dashjr his BIP editor role. The security section was just as busy. A DeFi whale lost roughly $25 million to $26 million in minutes, Trezor disclosed a ShipMonk-related data breach affecting close to 14,000 customers, Harmony was hit by an exploit that expanded ONE supply, and ZachXBT detailed a social-engineering scam tied to at least $5 million in losses. Foresight also reviewed Bybit’s effort to recover funds from the 2025 theft attributed to Lazarus Group, with recovered and frozen assets totaling about $78.9 million so far. On the project side, Vitalik Buterin’s updated Ethereum Strawmap elevated privacy and post-quantum security, Justin Drake said Ethereum would drop Poseidon at L1, Bitwise continued launching products while shutting eight ETFs and cutting staff, and Trump Media & Technology Group showed how far it has moved beyond a pure social-media business.

A DeFi whale lost roughly $25 million to $26 million after multiple wallets were drained within 15 minutes early on Aug. 13, according to Scam Sniffer and on-chain tracking cited by Foresight News. The stolen assets included DAI, WBTC, aUSDC, LDO, sUSDe, and native ETH. Analyst Ember said three wallets were affected, including one address with no prior token approval history, a detail that suggests the incident may have involved direct private key compromise rather than a standard approval-phishing attack. On-chain records show the victim’s main wallet and a related address moved assets to a newly created recipient wallet around 5:05 on Aug. 13. Within about an hour, tokens including WBTC, cbBTC, LDO, USDS, CRV, and sUSDe were swapped into DAI and ETH. Of that amount, 20 million DAI was sent to a downstream address labeled by Arkham as a separate entity and had not moved again as of publication. Other ETH was split into batches, routed through smart contracts, swapped to USDC on Uniswap, sent to Circle’s Token Minter, bridged to Arbitrum through CCTP, and then deposited into Hyperliquid. The same victim had already suffered a phishing loss of about $24.23 million in September 2023 after signing a malicious increaseAllowance transaction.

ScamSniffer's monitoring flagged a crypto holder whose two wallets were drained within 15 minutes, with losses of roughly $25 million, in what appears to be a private key leak rather than a typical approval phishing attack. The two addresses, belonging to the same victim, moved all assets — including DAI, WBTC, aUSDC, LDO, sUSDe and native ETH — to a newly created address. Within an hour, the stolen funds were swapped into DAI and ETH: 20 million DAI were transferred to another address, while about 3,000 ETH remained at the consolidation address. The affected wallet has a history of security incidents. In September 2023, the same address lost 4,851 rETH and 9,579 stETH (around $24 million) after signing a phishing increaseAllowance transaction. At that time, the attacker eventually returned roughly 90% of the stolen funds. This time, ScamSniffer's monitoring points to a private key compromise, making the latest attack distinct from the earlier approval-based phishing.

Prediction markets have existed for centuries, from papal betting in 1503 to U.S. election wagers in 1916, but they long struggled to become a durable product category. This article traces the field from Robin Hanson’s early theories and the Iowa Electronic Markets to failed experiments such as DARPA’s policy market, Intrade, and Augur. The breakthrough came with two very different approaches. Polymarket leaned into low-cost crypto infrastructure and fast iteration, while Kalshi chose regulation-first execution and won federal approval as a designated contract market. Their rise accelerated during the 2024 U.S. presidential election, when market prices were widely cited by major media outlets and helped push prediction markets into the mainstream. By 2026, the two platforms had become the sector’s dominant players, with more than $580 million in monthly trading volume. The article also examines what remains unsolved: prediction markets still struggle to attract savers, even as sports, politics, crypto and culture markets gain traction. Looking ahead, the piece argues that prediction markets could evolve into a global information pricing infrastructure, with new use cases in hedging, AI-driven discovery, media, and yield-bearing collateral.

Axis, a DeFi yield protocol built around market-neutral arbitrage, opened its retail-facing Origin Vault on July 29 and filled its initial $50 million cap within 22 hours before raising the limit to $100 million. The project says it brings institutional trading strategies on-chain, with returns tied to cross-exchange price discrepancies, cross-asset arbitrage, and funding-rate opportunities rather than token emissions or outright directional bets. Axis has not issued a native token. It previously disclosed a $5 million private round led by Galaxy Ventures, with participation from OKX Ventures, CMT Digital, FalconX, GSR, Maven 11, CMS Holdings, and Marc Zeller. The team says another $100 million of private capital has already been deployed in closed testing of its arbitrage engine. Axis structures the product around USDx, a synthetic dollar used for settlement and hedging, and sUSDx, a yield-bearing receipt whose value reflects profits from the strategy. As of July 31, the Origin Vault showed a $100 million cap, about 58.7% utilization, a 1.75x multiplier, and an APY near 10.4%, with a 30-day lockup and a seven-day withdrawal delay after redemption is requested.

Abraxas Capital has long been a familiar name to on-chain sleuths and a largely invisible one to the broader public. The firm, founded in London in 2002 by Fabio Frontini and Luca Celati, began as a global macro shop before shifting its focus to digital assets in 2017. A review of its addresses, fund disclosures, and arbitration records now sketches a much larger picture: a trading and treasury network spanning centralized exchanges, DeFi lending markets, stablecoin issuance channels, and large public hedge positions. The report says Abraxas’s Elysium and Heka structures became major institutional conduits for USDT, with more than $1.5 billion in USDT attributed to Heka-related address paths by 2021. Arbitration materials made public in July 2026 also showed Tether held roughly $500.2 million in Elysium on April 28, 2023, rising to about $504.6 million a month later. By the arbitration phase, Tether’s investment had reached $800 million, or about 75% of Elysium’s assets, and founder Fabio Frontini testified that Tether added another $500 million in February 2024. As of July 23, 2026, 43 identifiable Abraxas addresses reportedly held about $1.142 billion in assets, including $548.6 million in BTC and $440.5 million in ETH. The same network has also been tied to massive ETH transfers, heavy USDe and sUSDe activity, and a Hyperliquid account whose 54 measurable trades generated about $78.11 million in profit.