Hello and happy Tuesday, September 2—Welcome back to another edition of Daily Crypto News.
This week, security cracks widened with over $163 million lost to hacks in August, the worst month yet for DeFi exploits this year. On the flip side, digital asset treasuries are booming—from Saylor’s fresh $450 million Bitcoin buy to SharpLink and BitMine stacking billions in ETH. Meanwhile, blockchain sleuth ZachXBT exposed 100+ influencers shilling tokens without disclosures, regulators are circling, and North Korean hackers are back in the headlines after a BNB whale lost $13.5 million in a phishing attack.
And if that wasn’t enough, Solana just passed its biggest upgrade ever—Alpenglow, slashing block finality to 150 milliseconds, faster than a pro gamer’s reflex.
Matt will be back tomorrow to take you home the rest of the week. Who knows, maybe he developed a bit of an accent while over in Europe? After my years in Europe living in most Catalan/English groups, my accent was very different.
We have a listener question from Kam. He asked to check out the GoMining app. I took a look at the website and just scanned the article from Autonomous AI blog. Seems like you will get actual rewards, but it’s a time thing. Also check the jurisdictions. It might not be available to every country. But seems legit. I’ve just never been a fan of these mining apps on your phone, but like the autonomous article says, it’s something that could work for some people.
HEADLINES:
Crypto Security Under Strain: Hacks Top $163 Million in August, according to PeckShield
August saw a surge in blockchain exploits, with losses exceeding $163 million, making it one of the worst months for crypto security breaches on record.
The figure marks a 15% increase from July’s $142 million, highlighting persistent security vulnerabilities within the sector.
Top 5 Hacks in August 2025:
BTC Hodler – $91.4M
btcturk – $54M
ODIN•FUN – $7M
BetterBank.io – $5M
CrediX Finance – $4.5M
Digital Asset Treasuries Keep Pumping - BitMine, SharpLink and others.
BitMine Immersion Boosts Ether Holdings to $8.1B, With $623M in Cash for More Purchases
making it the largest listed ETH treasury firm—only trailing behind Bitcoin-focused giants like Strategy, which holds tens of billions in BTC
Strategy (MSTR) Buys 4,048 More BTC to Supercharge Bitcoin Holdings
Massive acquisition underway: Led by Michael Saylor, Strategy (formerly MicroStrategy) added 4,048 BTC last week for nearly $450 million, continuing its aggressive accumulation strategy.
The Bitcoin-heavy company just qualified for inclusion in the S&P 500 index. With 226K $BTC on the balance sheet, it’s the most crypto-exposed stock on Wall Street
Joseph Lubin’s SharpLink boosted its Ethereum holdings by 39,008 ETH, or $177 million, reinforcing its position among the largest corporate ETH treasuries.
CEA Industries Targets 1% of BNB Supply as Treasury Goal
CEA Industries expanded its holdings to 388,888 BNB (~$33M), aiming for 1% of the total BNB supply by the end of the year, a major move among token treasuries.
Thiel-backed ETHZilla to deploy $100 million in ETH with liquid restaking protocol EtherFi
ZachXBT Exposes 100+ Crypto Influencers for Undisclosed Paid Promotions
Spreadsheet leak on X [Twitter]: ZachXBT published documents showing rates, wallets, and on-chain receipts for over 200 influencers promoting tokens.
Lack of disclosure: Fewer than 5 of ~160 paid promoters labeled their posts as ads, raising concerns of misleading retail investors.
Regulatory spotlight: The revelations highlight persistent risks in crypto marketing, where undisclosed sponsorships skirt FTC rules and undermine market integrity.
BNB Whale Drained of $13.5M in Suspected DPRK-Linked Phishing Scam
User wallet targeted, not Venus Protocol: Early rumors of a Venus hack were debunked—security firms confirmed the protocol remains secure, while the victim mistakenly approved a malicious transaction.
North Korea ties flagged: Initial analysis from ZeroShadow suggests the attack’s fingerprint matches tactics linked to DPRK’s Lazarus Group, notorious for billion-dollar crypto exploits.
Funds still in attacker’s wallet: Venus Protocol, PeckShield, and partners like Binance Security are working with the victim to freeze and potentially recover the drained assets.
Solana governance passes Alpenglow consensus upgrade
98% of voters backed SIMD-0326, committing Solana to its largest technical overhaul yet.
Alpenglow replaces Proof-of-History + TowerBFT with Votor and Rotor, enabling sub-second block confirmations.
Upgrade promises 150ms finality—on par with pro gamer reflexes—unlocking smoother dApps but raising new questions around validator costs and centralization.
Little Bits
Hyperliquid posts highest monthly revenue in August, surpassing $100 million
European Regulator Flags Tokenized Stocks, Stresses Need for Safeguards
Tether mints another 1B USDT
That brings the 3-day stablecoin printing spree by Tether & Circle to a whopping $4B
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!
