Across Protocol’s Risk Labs-operated relayer lost less than $4 million after an attacker fabricated $41.7 million in Solana deposit events, according to a post-incident report released by the cross-chain protocol. Summary 1,627 fake deposits worth $41.7 million targeted 18 chains during the Solana attack. Risk Labs’ relayer paid $4.5 million across 581 fraudulent requests before

Chinese courts have sentenced five Sifang payment platform operators to between three and six years in prison over a gambling network that processed more than 2.95 billion yuan, or about $428 million, through USDT, bank cards and third-party payment accounts. Summary Chinese courts sentenced five Sifang operators to between three and six years. The network

India’s cybercrime authority has ordered GitHub to remove three repositories linked to Jack Dorsey’s Bitchat messaging app within three hours. Summary India ordered GitHub to remove three Bitchat repositories within a three-hour deadline. I4C cited surveillance risks linked to Bitchat’s anonymous, offline Bluetooth mesh network. Digital rights groups challenged the order’s legality and called it

Robinhood Chain token launch platform Memecoin.Fun has raised $3.5 million in strategic funding as the network’s decentralized exchanges approach $9 billion in cumulative trading volume. Summary Memecoin.Fun raised $3.5 million in strategic financing led by Becker Ventures. Funding will support launchpad infrastructure, cross-chain bridges, and a multichain memecoin platform. Robinhood Chain’s growing activity is increasing

Strategy’s STRC preferred stock has become the largest holding in three major U.S. preferred stock ETFs, which collectively own $756 million of the security even as its price remains about 13% below its $100 par value. Summary STRC has become the largest holding in three major preferred stock ETFs with $756 million invested. Institutional holdings

Strive’s SATA preferred shares have recovered nearly 16% from their June low to about $97, prompting Jan3 CEO Samson Mow to predict that the rebound could help Strategy’s STRC return to its $100 par value. Summary Strive’s SATA has rebounded nearly 16% from its June low to about $97. Samson Mow expects SATA’s recovery to

The US House of Representatives has passed a congressional stock-trading ban by a 232-198 vote, sending the measure to the Senate despite criticism that it leaves existing holdings untouched. Summary The House passed the Stop Insider Trading Act in a 232-198 vote. Elizabeth Warren criticized loopholes allowing lawmakers to retain and sell existing stocks. Bryan

Nvidia, Meta and Microsoft have joined 22 other organizations in warning U.S. policymakers that sweeping controls on open-weight AI models could weaken American leadership as competition with China intensifies. Summary Nvidia, Meta and Microsoft oppose sweeping U.S. restrictions on open-weight AI models. The coalition favors targeted enforcement against intellectual-property theft and other proven misuse. Elon

LMAX Group has enlisted Morgan Stanley and KBW to assess a sale or public listing that could value the institutional trading company at up to $5 billion. Summary LMAX has tapped Morgan Stanley and KBW to review strategic options worth up to $5 billion. A Nasdaq IPO is preferred, although a sale, SPAC merger or

A US police union representing more than 382,000 members has reversed its position and endorsed the latest CLARITY Act after lawmakers added language addressing its concerns about cryptocurrency investigations. Summary The National Fraternal Order of Police has reversed course and endorsed the latest CLARITY Act. The union says revised provisions preserve law enforcement powers to