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Visa Uses Payment Data to Unlock Lending for Stablecoin Cards
Combine VisaNet data with lending on-chain, helping fintechs access working capital as the volume of payments through linked cards using stablecoins has increased by nearly 200%. Visa is looking to leverage the strengths of its payment data to address liquidity challenges for fintech companies and stablecoin-linked card programs. In a notice on Tuesday, the global payments group said that lenders can combine settlement data from the VisaNet network with transaction data on the blockchain to assess the performance of payment businesses and thereby determine appropriate financing conditions.
Cronos Rewinds Nearly Two Hours of Trading to Reverse a $111 Million Attack
Cronos has erased 1 hour 54 minutes of trading to recover 111.2 million USD after the Tectonic exploitation incident, while 9.19 million USD has still not been recovered. Cronos, the blockchain network backed by Crypto.com, made a controversial decision by rewinding nearly two hours of transaction history to reverse around 111.2 million USD related to an exploitation of a vulnerability in the Tectonic lending protocol. According to the incident post-mortem report released on Monday, the network’s validator nodes decided to reverse transactions that had already been completed in order to preserve around 92% of the funds affected, which remain on the network—contrary to the immutability principle that is considered a foundation of blockchain technology.
Bitcoin Holds the Yellow Zone, Wall Street Stalls Amid Concerns Over a Fed Rate Hike
Bitcoin trades around $78,524, the S&P 500 falls 0.37%, as oil prices move close to $100 per barrel, raising the possibility of a 57% chance that the Fed will raise interest rates on September 16. The global financial market is entering a cautious phase as both Bitcoin and U.S. stocks face adjustment pressure ahead of the inflation report to be released on Friday and the Fed interest rate decision on September 16. Today, Bitcoin is down 0.72%, trading around $78,524, marking a corrective move after this asset rose by about 20% over the summer.
Blockstream Negotiates to Repay $47 Million After Liquid Network Vulnerability Exploit
Hackers have returned 3,400 BTC out of roughly 4,000 BTC that were withdrawn from the Liquid Network, but 600 BTC, worth about $47 million, has still not been paid back. Liquid Network, a sidechain Bitcoin run by Blockstream, said on Tuesday that negotiations with the individuals behind the exploitation of a vulnerability that caused about $320 million in damage are still ongoing to recover all of the stolen funds. In an incident report posted on X, Liquid confirmed that Blockstream is working directly with the individuals responsible to ensure the remainder is returned, even though it did not disclose the negotiation terms or any specific timeline.
Chainlink Expands Its Role as a Bridge Between Banks and U.S. Economic Data
Chainlink has just partnered with Bottomline, one of the three largest SWIFT service providers, and has also been used by the U.S. Department of Commerce to put GDP, PCE, and retail sales figures on the blockchain. Chainlink is strengthening its position as the middleware connecting traditional financial systems with blockchain infrastructure, through a series of notable partnership moves in recent times. Most notably is the agreement with Bottomline, one of the world’s three largest SWIFT network payment service providers, which currently serves more than 600 banks and processes over $16 trillion in transaction value each year.
Poland Charges More Suspects in the Zondacrypto Investigation
Polish prosecutors charge Romana Ż. with participating in an organized criminal group and embezzling $2.1 million in users' funds from Zondacrypto. Polish prosecutors are investigating the Zondacrypto cryptocurrency exchange and have officially charged an identified individual, Romana Ż., with allegedly participating in an organized criminal group and accused of embezzling 7.8 million zloty (2.1 million USD) from users.
Philippines Proposes to Suspend OPS Registration, Tighten VASP Controls
The Bangko Sentral ng Pilipinas proposes to suspend issuing registration for 12 months for entities operating the payment system, and at the same time limit transaction thresholds with VASPs. The Bangko Sentral ng Pilipinas has proposed to pause the acceptance of new registrations for entities operating the payment system for 12 months, while also applying tighter control measures for payment mechanisms related to virtual asset service providers (VASPs).
Australia Cancels 45 Crypto Asset and Money Transfer Company Registrations in One Year
AUSTRAC cancels, suspends, or refuses to renew 45 registrations, in which the GetCoins case contributed to disrupting organized investment scam networks. Australia’s financial intelligence agency said it had canceled, suspended, or refused to renew 45 registrations related to crypto assets and money transfer services over the past year, as the agency stepped up oversight of high-risk payment businesses.
DBS and Citi Trial Cross-Border USD Payments Using Tokenized Deposits
DBS and Citi complete their first USD transaction over the weekend between Singapore and the US in just a few minutes, instead of up to two business days as is typical. DBS and Citi said on Monday that the two banks completed their first USD settlement transaction over the weekend between Singapore and the US, using tokenized deposits through Swift’s ledger. According to a DBS statement, the transaction was executed by DBS and Citi’s New York office on 9/5 and took only a few minutes to complete, compared with the time that could take up to two business days for traditional cross-border payments.
Ethereum Advances Proposal for Paying Gas Fees Without Needing ETH
EIP-8141 enables paying gas fees with other tokens via a Frames mechanism, while also building defensive groundwork against quantum computers. A proposal that would allow Ethereum users to pay transaction fees with other tokens—or have another party pay the entire fee on their behalf—has been quietly pushed forward for months, Vitalik Buterin said on Sunday. EIP-8141 replaces Ethereum transaction’s fixed structure with a sequence of up to 64 “frames,” where each frame is a normal smart contract call: one frame is used to validate the transaction, another approves the party that will bear the gas fee, and the remaining frames perform the actions the user actually wants to carry out.
Harmony Leads the Way on AI Threats in Proposal to Shut Down Blockchain
Harmony proposes moving ONE tokens to Ethereum and redirecting to AI video, recommending that users withdraw their assets from smart contracts before September 10. Harmony, once a notable competitor to Ethereum, has proposed shutting down its blockchain on Sunday, saying that threats from artificial intelligence (AI) agents and state actors have grown too large. The announcement comes as the crypto asset industry seeks to defend itself against increasingly sophisticated cyberattacks with the support of advanced AI models, including Anthropic’s Claude Mythos and OpenAI’s GPT-6 Astra. The development team wrote on X that since the mainnet launched in 2019, the Harmony community has weathered many attacks and changes, but believes it is time to completely end the network’s operations.
Middle East Crypto Asset Transactions Triple to $350 Billion Amid Conflict
Conflict in Iran is pushing regional capital toward crypto assets, raising the value of blockchain transactions in MENA from $100 billion in 2022 to $350 billion. Conflict in Iran is driving an increasing share of capital in the region toward crypto assets, as investors seek to preserve wealth and move money amid disruption, according to a report released Friday by the Bitcoin Policy Institute. The organization estimates that the annual value of blockchain transactions in the Middle East and North Africa reached $350 billion in 2025–2026, more than three times the roughly $100 billion recorded in 2022.
Liquid Hackers Return $270 Million, Keep $47 Million Ransom Money
The group of hackers who withdrew 4,000 BTC from the Liquid Network has returned 3,400 BTC ($269.2 million), equivalent to 85%, but has kept nearly 600 BTC. The group calling itself “white-hat hackers” behind the withdrawal of about 4,000 BTC from the Liquid Network has returned 3,400 BTC, worth about $269.2 million, to the alliance wallet of the sidechain on Monday, thereby recovering about 85% of the funds. Despite most of the money being returned, around 598.5 BTC, worth about $47 million, is still sitting in addresses associated with the withdrawal.
Brazilian Banks Expand Crypto Asset Services Ahead of New Legal Deadline
Itaú, Nubank, and Banco do Brasil offer customers dozens of types of tokens, while the country’s tokenized-asset trading totals US$98.7 billion in 2025. Itaú, the largest bank in Brazil by total assets under management, currently offers customers 15 different types of tokenized assets through its investment app, including Bitcoin, Ethereum, and the stablecoin USDC, which is pegged to the US dollar. Nubank, the largest financial technology company in Brazil, lists up to 28 types of assets, while Banco do Brasil, the country’s highest-profit state bank, started allowing customers to buy Bitcoin and Ethereum directly in January, recording more than 11 million reais (US$2.1 million) in transaction value.
OpenAI Chief Scientist Warns Against Slowing AI Development
Jakub Pachocki calls for mandatory AI safety standards after an incident in which about 1,200 AI agents coordinated to attack OpenAI systems. OpenAI’s chief scientist, Jakub Pachocki, has just spoken out urging AI labs to voluntarily slow down development, while warning that no organization yet has sufficiently strong protective measures to continue building increasingly powerful systems at maximum speed for the long term.
Binance Signs a Series of Agreements to Promote Crypto Assets in Kazakhstan
Binance has just signed three memorandums of understanding with Kazakhstan agencies to develop digital payment infrastructure, research a national stablecoin, and expand crypto assets in investment. The Binance crypto asset trading platform has just signed memorandums of understanding (MoUs) with Kazakhstan’s Ministry of Artificial Intelligence and Digital Development, the National Bank of Kazakhstan, and the Astana International Financial Centre (AIFC). These agreements cover three closely interconnected areas, including crypto assets, payment infrastructure, and investment instruments, marking a new step forward in cooperation between Binance and this Central Asian country.
South Korea Announces a Three-Phase Roadmap to Tokenize All Types of Securities
FSC South Korea builds tokenization infrastructure for all securities, setting a cap of 100 million won for retail investors on the OTC platform. The Financial Services Commission of South Korea (FSC), the country’s top financial regulator, said on Friday that South Korea will build tokenization infrastructure that can be applied to all types of securities, including stocks, bonds, and fund certificates. The notice was issued after the third meeting of the consultation mechanism for tokenized securities held on the same day, in the context that South Korea has passed legal amendments to formally recognize blockchain-based securities, scheduled to take effect from February 4, 2027. Accordingly, the government has developed a three-phase implementation plan to establish this infrastructure in a structured manner.
UBS and Jane Street Appear in the List of Hyperliquid ETF Holdings Worth USD 75 Million
Bloomberg Intelligence has published a list of institutional holders of Hyperliquid ETFs, with the total value of three funds reaching USD 480.86 million. Bloomberg Intelligence has just released the results of its review of quarterly filings for the first quarter of Hyperliquid ETF funds in the US, showing that many major financial institutions such as UBS, Bank of Montreal, and Jane Street have disclosed holdings in this product category. According to the list released by ETF analyst James Seyffart on Friday, Wealth High Governance Asset Management leads with nearly USD 24 million in shares in the HYPE fund of 21Shares as of the end of June, corresponding to 632,614 shares worth USD 23,948,236 as of June 30.