๐๐ CRYPTO MARKET NEWS UPDATE โ AUGUST 24, 2026
๐ฅ BTC is trading around $77,300 as the crypto market enters the new week with fresh exploits, security incidents and major blockchain developments.
๐ Top News Today:
โ๏ธ Term Finance loses $8.5M in governance exploit: DeFi lending protocol Term Finance was attacked on August 23, with roughly $8.5M in ETH and USDC drained from its vaults. An investigation is ongoing.
โ๏ธ The Sandbox halts cross-chain SAND bridge: The Sandbox suspended bridging between Base and BNB Chain after discovering a vulnerability that allowed attackers to mint unbacked SAND.
โ๏ธ MANTRA Chain halts after exploit: MANTRA stopped block production after an upstream software vulnerability was exploited, sending OM to a record low.
โ๏ธ Solana speeds up block production: Solana has activated its first major performance upgrade, reducing slot time from around 400ms to 350ms, with further reductions planned.
โ๏ธ Coldcard releases new security firmware: Coinkite released an updated firmware following the major Coldcard vulnerability that led to the theft of more than $100M in Bitcoin.
โ๏ธ BounceBit to shut down its Layer-1: BounceBit will sunset its existing blockchain following the recent BB exploit and plans to reissue the token on BNB Chain.
๐ Todayโs Focus:
Security remains the biggest headline, with multiple protocols and blockchain projects hit by exploits while major networks continue pushing infrastructure upgrades.
๐ฅ BTC is trading around $77,300 as the crypto market enters the new week with fresh exploits, security incidents and major blockchain developments.
๐ Top News Today:
โ๏ธ Term Finance loses $8.5M in governance exploit: DeFi lending protocol Term Finance was attacked on August 23, with roughly $8.5M in ETH and USDC drained from its vaults. An investigation is ongoing.
โ๏ธ The Sandbox halts cross-chain SAND bridge: The Sandbox suspended bridging between Base and BNB Chain after discovering a vulnerability that allowed attackers to mint unbacked SAND.
โ๏ธ MANTRA Chain halts after exploit: MANTRA stopped block production after an upstream software vulnerability was exploited, sending OM to a record low.
โ๏ธ Solana speeds up block production: Solana has activated its first major performance upgrade, reducing slot time from around 400ms to 350ms, with further reductions planned.
โ๏ธ Coldcard releases new security firmware: Coinkite released an updated firmware following the major Coldcard vulnerability that led to the theft of more than $100M in Bitcoin.
โ๏ธ BounceBit to shut down its Layer-1: BounceBit will sunset its existing blockchain following the recent BB exploit and plans to reissue the token on BNB Chain.
๐ Todayโs Focus:
Security remains the biggest headline, with multiple protocols and blockchain projects hit by exploits while major networks continue pushing infrastructure upgrades.
