Latest

Hacks
Jaredfromsubway.eth, Ethereum's Most Active Sandwich Bot, Drained for $7.5M Over the Weekend
An attacker drained more than $7.5 million from jaredfromsubway.eth, the Ethereum address tied to roughly 70% of sandwich attacks on the network, after a counter-MEV honeypot fed it 66 fake token contracts over several weeks. Blockaid disclosed the exploit Saturday.

Hacks
Dormant Wallet Tied to HashFlare Fraud Moves 10,600 ETH Worth $18.5M
An Ethereum address tied to the HashFlare cloud-mining Ponzi moved 10,600 ETH worth about $18.5 million on Monday morning after sitting idle for roughly three and a half years. Onchain investigator ZachXBT, with help from security firm Cyvers, flagged the movement, the first activity from the address since the long-running scheme collapsed.

TradFi & Fintech
Andrew Cuomo Tapped to Co-Chair OKX-ICE Crypto Joint Venture
Former New York governor Andrew Cuomo will co-chair a joint venture between OKX and NYSE owner Intercontinental Exchange with ICE futures-exchanges chief Trabue Bland. Cuomo has advised OKX on policy since 2022, spanning the exchange's $504 million DOJ settlement. The venture is the consumer-facing wedge of ICE's $25 billion strategic tie-up with OKX.

Regulation & Politics
Bank of England Publishes Policy Statement and Draft Rules for Systemic Stablecoins
The Bank of England published its policy statement and draft Code of Practice for systemic stablecoin issuers on Monday, replacing per-person holding caps with a £40 billion issuer-level guardrail and lifting the gilt share of reserves to 70%. Industry feedback is open until 22 September.

Blockchains
Tom Lee Says 'Zero Chance' of Ethereum Funding Crisis as Insider Warns of $30M Gap
The chairman of BitMine, the largest corporate holder of Ether, brushed off a former Ethereum Foundation contributor's warning that core development could run short of money within nine months.

Blockchains
Sonic Labs Board Members Including Former CTO Andre Cronje Resign as New CEO Takes Over
Andre Cronje, Michael Kong and David Richardson are stepping down from the board of the Layer 1 blockchain, whose token has fallen about 97% from its peak, as Matt Visser takes over as CEO

DeFi
AWS Plugs Coinbase's x402 Into CloudFront, Letting Publishers Charge AI Agents in USDC
AWS turned on AI traffic monetization inside AWS WAF on Monday, letting any site behind Amazon CloudFront charge AI agents per request in USDC through Coinbase's x402 protocol. It is the first time a hyperscale cloud has wired onchain settlement into its content-delivery edge.

Regulation & Politics
CLARITY Act Reaches Senate Floor With House Ready to Move Fast; Seven-Democrat Math Becomes the Gate
The Digital Asset Market Clarity Act sits on the Senate calendar eligible for a floor vote, with House Agriculture digital-assets subcommittee chair Dusty Johnson signaling a fast House companion. The bill needs at least seven Democratic votes to clear the 60-vote cloture threshold before the August recess.

Regulation & Politics
CME Group to Sue CFTC Over Perpetual Futures Approval, Citing Dodd-Frank Swaps Definition
The world's largest derivatives exchange operator said Wednesday it will sue the CFTC over the agency's approval of Kalshi's bitcoin perpetual futures, arguing the contracts should be classified as swaps under the Dodd-Frank Act.

People
Ethereum Foundation Loses Second Co-Executive Director as Hsiao-Wei Wang Steps Down
Hsiao-Wei Wang resigned as co-executive director and board member of the Ethereum Foundation on Thursday after a sabbatical, the second co-ED exit at the Switzerland-based nonprofit in four months and the latest in a five-month wave of senior departures.



