Author: Jeremy Ryan

Three blockchain networks stopped producing blocks within four days. Each blockchain halt used different emergency powers, and Cronos alone also replaced part of its canonical history. Cronos said validators halted the network by consensus after an exploit affected Tectonic, restored the chain to state from before the incident, and resumed production from block 90,896,189. The action replaced state as well as stopping production. Transactions and state changes that existed only after the chosen restore point no longer belonged to the restarted canonical chain. Ontology and ICON used different emergency levers. Ontology suspended block production before confirming malicious attack activity, and…

Strategy has challenged MSCI’s proposed “non-operating company” screen by tying it to a regulatory argument MSCI made four years ago in a letter shared on Aug. 31.The Bitcoin treasury company says the new methodology requires MSCI to judge whether Bitcoin belongs inside an operating business. That puts MSCI’s 2022 defense to the Securities and Exchange Commission (SEC) at the center of the dispute.MSCI told the agency that index providers “express no opinion or view as to whether any market, company, strategy or investment is good or bad,” a position Strategy says becomes harder to reconcile with a test that classifies…

Belgian federal police have targeted crypto wallets linked to offshore piracy platforms in a cross-border enforcement action, according to an official government release. The action highlights how digital asset wallets continue to appear in law-enforcement investigations beyond the usual exchange, fraud, and darknet narratives. In this case, the focus is limited to wallets allegedly connected to designated offshore piracy targets. That scope is important. This should not be treated as a general crackdown on crypto wallets or ordinary self-custody. It is a targeted enforcement action tied to a specific criminal investigation. For more details, visit the official News platform. TL;DR…

Russia opens digital ruble access to customers of connected banks today, Sept. 1, moving the central bank digital currency beyond restricted pilot access as major banks and the first covered retailers activate payment infrastructure. Related ReadingRussia delays digital ruble CBDC launch, extends pilot phase indefinitely The Bank of Russia said on Aug. 31 that individuals will be able to open a digital-ruble wallet through a participating bank’s mobile app. The wallet sits on the central bank’s platform, while commercial banks provide access. Customers will need to confirm that their bank is connected before trying to use the service.Consumer participation remains…

Flint’s recent launch on Frontier Traders marks a significant step for Solana in optimizing market-making efficiency. This integration allows market makers to streamline their operations without the need to develop Solana-specific infrastructure. Given that Solana leads all chains in on-chain volume, the implications of this launch could attract more liquidity to the platform. For more details, check the tweet from the Solana Foundation. What Happened Solana’s architecture, characterized by its unique Proof-of-History and Tower BFT proof-of-stake mechanisms, enables the processing of thousands of transactions per second at low costs. This efficiency underpins its leadership in on-chain volume, where Flint’s infrastructure…

$BNB Chain, celebrating its 6th birthday today, has established itself as the largest chain for tokenized equities. This milestone signifies its significant growth trajectory in the competitive blockchain landscape. As highlighted by the tweet from @MessariCrypto, the chain’s dominance in this sector is a testament to its robust infrastructure and community support. Looking forward, this anniversary may spark renewed interest and investment in $BNB Chain’s ecosystem. What Happened The broader cryptocurrency market exhibits mixed signals with varying momentum among major assets. $BNB Chain’s sixth anniversary comes at a time when it continues to lead in the tokenized equities arena, commanding…

Tokenized stocks are blockchain-based representations of shares or economic interests linked to publicly traded companies. Instead of ownership being recorded only inside conventional brokerage and securities databases, some or all of the position can be represented by a digital token that moves across blockchain infrastructure. That does not mean Apple, Nvidia or another company suddenly becomes a cryptocurrency. A stock remains a security regardless of whether ownership is represented by a paper certificate, a conventional electronic record or a blockchain token. The SEC explicitly defines a tokenized security as a security represented as a crypto asset whose ownership record is…

Chainlink has launched a groundbreaking service called DataLink, which provides continuous foreign exchange (FX) data for major and emerging currencies, including the Indian Rupee. This service is particularly significant as it supports 24/7 pricing, reflecting the growing importance of India’s FX market. As global markets increasingly operate around the clock, this innovation enhances access for traders and on-chain applications. For more details, visit Chainlink’s announcement. Inside the Move Chainlink DataLink supplies bid, offer, and mid-rates for a wide range of currency pairs, ensuring uninterrupted FX data availability crucial for global markets. This continuous access is important given that many trading…

Glassnode recently highlighted the blockchain trilemma, which posits that a network can enhance two of the three pillars—decentralization, security, and scalability—often at the expense of the third. This analysis, shared via a tweet, underscores the ongoing challenges faced by major cryptocurrencies such as Bitcoin, Ethereum, and Solana. The implications of these findings could influence how investors approach these networks moving forward. For more details, see the original tweet here. Inside the Move The cryptocurrency landscape continues to evolve, with varying momentum across major assets. Glassnode’s analysis delves into how Bitcoin, Ethereum, and Solana navigate the blockchain trilemma, each prioritizing different…

Banks are actively pursuing the development of tokenized deposit networks, a move highlighted by ZKsync. In a recent op-ed by Tziokas, the implications of regulatory certainty for these innovations in the U.S. banking system are examined. This shift could potentially rewire traditional banking practices, making them more efficient and accessible. For more details, see ZKsync’s tweet here. What Happened The broader crypto market is experiencing mixed signals, with varying momentum across major assets. However, ZKsync’s focus on regulatory clarity as a catalyst for innovation captures attention. The platform’s recent updates indicate a commitment to enhancing user experience and fostering development,…