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Solana’s price action shows a near 6% daily dip, but a sharp fall in Coin Days Destroyed and lower exchange balances hint at a rebound soon.
VanEck's analysis points to Bitcoin reaching $180,000 by 2025, backed by institutional investments and positive market trends despite some challenges.
The US Treasury requests community feedback on stablecoin regulation under the GENIUS Act, aiming for balanced enforcement tools while delaying policy implementation for issuers.
In Brief South Korea's FSC plans to introduce stablecoin regulations in October. The draft aims to clarify stablecoin issuance, collateral, and risk management frameworks. Neighboring Japan is also moving towards launching a yen-pegged stablecoin.
- 02:34Garden Finance: APP functionality temporarily taken offline to investigate security vulnerabilityAccording to ChainCatcher, Bitcoin bridging protocol Garden Finance posted on X stating that a security vulnerability has been detected in a certain "solver." To investigate the security issue, the APP functionality has been temporarily taken offline. The impact is limited to the solver itself, and user funds and the protocol are not at risk. More information will be disclosed as soon as possible. Previously, "on-chain detective" ZachXBT revealed on his personal channel that Garden Finance was suspected to have suffered losses exceeding $5.5 million due to an attack. The team has sent an on-chain message to the attacker offering a 10% white hat bounty, but has not yet made a public comment on the matter.
- 02:32SORA briefly reached 10 million USD, with a 24-hour increase of 44.66%Foresight News reported that according to GMGN market data, SORA briefly reached 10 million USD and is now quoted at 9.35 million USD, with a 24-hour increase of 44.66%. Foresight News noted that Sora focuses on providing real-time result parsing and decentralized data integrity solutions for permissionless prediction markets.
- 02:32BitMine purchases another 44,036 ETH, worth approximately $166 millionForesight News reported, according to monitoring by Lookonchain, BitMine purchased another 44,036 ETH during the market downturn, worth approximately $166 millions.