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Moonwell has a $1.8M liquidity hole and its latest plan allocates $0 to fix it

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Moonwell has a $1.8M liquidity hole and its latest plan allocates $0 to fix it
Decentralized lending protocol Moonwell has proposed no cbETH repayment in its latest reserve round, even as the Base market for Coinbase Wrapped Staked ETH carries a $1.77 million net shortfall. The allocation, published by risk service provider Anthias Labs on Aug. 24, would leave 2.8095 cbETH of listed reserves unused months after a February oracle … Read more

Bitcoin tops $80,000 as Treasury weighs $950 billion cash pile for bond buybacks

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Bitcoin tops $80,000 as Treasury weighs $950 billion cash pile for bond buybacks
Bitcoin price has crossed $80,000 as the US Treasury explored tapping its roughly $1 trillion cash pile to fund an escalating effort to stabilize long-term government debt. Two senior Treasury officials told CNBC that the Treasury General Account, the federal government’s operating account at the Federal Reserve, could help finance expanded bond buybacks. The officials … Read more

BitMart is talking about reopening before it has answered the withdrawal question

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BitMart is talking about reopening before it has answered the withdrawal question
BitMart is exploring a restructuring that could allow parts of the crypto exchange to resume operations, offering an alternative to the full wind-down announced last month as customers continue to report difficulties withdrawing their assets. On Aug. 21, the exchange said a potential restructuring plan could include a phased resumption of some services alongside distributions … Read more

Take-Two branded SEC filings push GTA VI Solana currency linked to memecoin trading

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Take-Two branded SEC filings push GTA VI Solana currency linked to memecoin trading
Two public-comment PDFs on a US Securities and Exchange Commission docket describe a proposed Grand Theft Auto VI currency called Sharkbux and a possible implementation on Solana. The PDFs display Take-Two Interactive and Rockstar Games branding, but corporate authorization of the submissions remains unresolved. At most, the PDFs put an unauthenticated proposal into the public … Read more

Term Finance kills Meta Vaults after governance process clears path for $8.5 million drain

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Term Finance kills Meta Vaults after governance process clears path for $8.5 million drain
On-chain fixed-rate lending protocol Term Finance said it permanently shut down its Meta Vaults after a governance exploit, ending new deposits while leaving withdrawals open. Term Labs said it also revoked the vaults’ DAO governance roles. Blockchain security firm PeckShield separately estimated that the attacker removed about 2,843 ETH worth $6.87 million and 1.68 million … Read more

FalconX asks SEC to bring single-stock perpetuals from DeFi under swap rules

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FalconX asks SEC to bring single-stock perpetuals from DeFi under swap rules
FalconX Bravo wants US regulators to treat cash-settled perpetuals tied to a single security or a narrow-based security index as security-based swaps under SEC rules when they fall outside the joint SEC-CFTC security-futures framework. The filing expressly includes comparable contracts offered through DeFi protocols. The firm submitted its proposal to the Securities and Exchange Commission … Read more

Users warned to pull funds immediately as EU sanctions force crypto platform into withdrawal-only mode

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Users warned to pull funds immediately as EU sanctions force crypto platform into withdrawal-only mode
NoOnes has entered withdrawal-only mode weeks after telling users that an EU sanctions listing named a separate company and did not affect the platform or its operator. The crypto platform strongly recommended that customers remove their full balances no later than Sunday, Aug. 23. That date was, however, not a stated platform shutdown cutoff. NoOnes … Read more