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⚠️A hacker drained an estimated $75 MILLION from a Cronos lending protocol, forcing the entire blockchain to HALT mid-attack.

The attacker reportedly pumped Tectonic’s thinly traded TONIC token 100x in just 20 minutes, then used the inflated collateral to borrow millions in other assets.

Cronos froze the network before most of the funds could escape, leaving roughly $69M trapped on-chain while only about $6M was bridged to Ethereum.

Tectonic had roughly $122M in TVL and $83M in active loans before the exploit. The $75M estimate has not yet been independently confirmed by Tectonic or Cronos.

Crypto .com says its app and exchange were not compromised, while its security team is assisting with the investigation.

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Durov says a high-school student made $20K from a Telegram Gift

IOI gold medalist Jonathan He sold his Algorithm Cup NFT for 15,000 Grams. Telegram founder said he hopes this year’s winners use their rewards to build something big.

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A former White House aide was fined $172,539 by the CFTC for trading on Kalshi by using Trump speech secrets.

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Bitcoin falls under $77,000

$200,000,000 longs liquidated from the crypto market in the past 60 minutes.

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Binance co-founder Changpeng "CZ" Zhao said at Bitcoin Asia that $BTC will become more important than gold, possibly in the next bull market.

Zhao also said AI-crypto integration will start with stablecoins, while AI-assisted trading will come before AI payments.

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🇺🇸 Bitcoin now buys you a home with $0 cash down in America.

Coinbase and mortgage lender Better opened their Fannie Mae-backed mortgages to every qualified US buyer, letting you pledge Bitcoin for the down payment instead of selling it.

You lock up Bitcoin worth 250% of the down payment and get every coin back once the mortgage is repaid.

A Bitcoin price drop alone doesn't trigger a margin call.

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$800 billion asset manager Bernstein predicts Bitcoin will hit $150,000 by mid-2027.

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Bitcoin whales have moved $5 BILLION into BlackRock's ETF without paying a dollar in taxes.

BlackRock now lets holders swap BTC directly for IBIT shares starting at just $1 MILLION, down from $25 MILLION. This has let the biggest BTC holders move into Wall Street without selling a single coin.

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Michael Saylor's Strategy now has a $4,000,000,000 unrealized profit on its Bitcoin investment.

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Bitcoin records largest weekly gain since March 2023, surging over 23%

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Most G20 nations already regulate crypto trading, and Coinbase CEO Brian Armstrong says the US is "a major outlier."

The UK passed its framework just months ago.

Armstrong is calling on the Senate to pass the CLARITY Act when it comes to a vote on September 15.

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