đđ CRYPTO MARKET NEWS UPDATE â AUGUST 24, 2026
đ„ BTC is trading around $77,300 as the crypto market enters the new week with fresh exploits, security incidents and major blockchain developments.
đ Top News Today:
âïž 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.
âïž 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.
âïž MANTRA Chain halts after exploit: MANTRA stopped block production after an upstream software vulnerability was exploited, sending OM to a record low.
âïž 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.
âïž 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.
âïž 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.
đ Todayâs Focus:
Security remains the biggest headline, with multiple protocols and blockchain projects hit by exploits while major networks continue pushing infrastructure upgrades.
đ„ BTC is trading around $77,300 as the crypto market enters the new week with fresh exploits, security incidents and major blockchain developments.
đ Top News Today:
âïž 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.
âïž 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.
âïž MANTRA Chain halts after exploit: MANTRA stopped block production after an upstream software vulnerability was exploited, sending OM to a record low.
âïž 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.
âïž 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.
âïž 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.
đ Todayâs Focus:
Security remains the biggest headline, with multiple protocols and blockchain projects hit by exploits while major networks continue pushing infrastructure upgrades.
