The best crypto writing from the last 24 hours.
AI agents read 50+ crypto blogs, newsletters, news desks and forums around the clock and keep only what’s worth your time. The top five land in your inbox at 6:30 a.m. Central.
- 1
Binance says phase one of withdrawals opens after $6.3B hack
Binance has started phased withdrawals after a $6.3B hack that the FBI attributes to North Korea, with bitcoin in the first phase.
- 2
BTCPay Server Urges Shutdown After Reports of Hot-Wallet Sweeps
BTCPay Server told operators to shut down with ./btcpay-down.sh after reports of hot-wallet sweeps. The alert names no affected versions and no patch yet.
Also covered by CoinDesk, Cointelegraph - 3
b14g Pauses Staking Contracts After 97 Million CORE Withdrawn Without Authorization
b14g paused its staking contracts after 97M CORE was withdrawn without authorization; this is the same incident as the stronger analytical post, so it is kept only as a secondary link.
Also covered by r/defi - 4
Threshold Says tBTC Operators Patched or Went Offline Over Linux Flaw
Threshold says tBTC operators patched or went offline over a Linux flaw, and a separate incident drained about 0.5 ETH from an operator account.
Also covered by r/ethereum - 5
BTCPay Links Hot-Wallet Drains to Versions 2.4.1 and Older
BTCPay says hot-wallet drains trace to versions 2.4.1 and older; operators should update to 2.4.7.
- 6
Bank of Korea probes financial firms’ exposure to crypto risks
The Bank of Korea is surveying 31 financial institutions on how an exchange shutdown, prolonged crypto downturn or a firm's losses would hit their operations.
- 7
THORChain Co-Founder Cites Public Data After FBI Binance Blocking Appeal
THORChain's co-founder uses public data to answer an FBI appeal that named THORNode operators, arguing the protocol's broad halt controls also hit unrelated users.
- 8
Pump.fun Cuts Referral Share to 37.5% as 4x Boost Ends
Pump.fun cuts the creator referral share to 37.5% once its 4x boost ends, so creators earn 62.5% less from the same fees. The platform says app revenue will still flow through rewards.
- 9
8 years ago a CREATE2 “Wisp” post asked what stops a bait and switch with selfdestruct. What actually changed?
Examines whether CREATE2 selfdestruct bait-and-switch risk has changed since the old Wisp debate, a sound security explainer for auditors.
- 10
Swell Lifts swETH and rswETH Withdrawal Pauses After Rate Reset
Swell lifted withdrawal pauses on swETH and rswETH after a rate reset, but direct-deposit controls still show a pause and compensation is promised within a week.
- 11
How to Read Kraken’s Proof of Reserves—and Its Limits
Explains what Kraken's proof of reserves shows and what it cannot prove about solvency or withdrawal access.
- 12
How Circle Makes Money From USDC—and Why Reserve Income Is Not Profit
Breaks down Circle's Q2 numbers, showing reserve income of $701M in revenue shrinks to $48M net income after costs and taxes.
- 13
Ethena Explained: USDe, sUSDe, Rewards and Exit Routes
Explains USDe and sUSDe redemption limits, rewards, and why unstaking returns USDe rather than dollars.
- 14
Maple’s syrupUSDC and syrupUSDT Explained: Returns, Risks and Exits
Explains syrupUSDC and syrupUSDT returns and exit routes, noting withdrawals depend on liquidity with no guaranteed deadline.
- 15
Institutional Crypto Custody: A Guide to Roles and Control
A practical guide to institutional custody roles, separating safekeeping, signing permissions and collateral sale authority.
- 16
What Is RLUSD? Ripple’s Stablecoin Backing and Redemption Explained
RLUSD redemption directly from Ripple requires an approved customer relationship, while exchange sales and Earn deposits follow different rules. Useful explainer for holders.
- 17
Binance Posts $4.54 Billion Net Outflow as Tracked Rivals Gain $564 Million
Binance saw a $4.54B net outflow while ten tracked rivals gained $564M, led by OKX. Exchange-wide flows don't show how much of that moved into self-custody.
- 18
Solana Mobile Says Fake 'SKR Claim' App Reached Store Spotlight
Solana Mobile says a fake SKR claim app reached the store spotlight via a bug, and it is being removed from devices.