The company clarified that only 1% of users were affected and pledged full reimbursement. Meanwhile, a massive supply chain hack targeting JavaScript libraries downloaded over a billion times, but surprisingly only netted attackers less than $50 in stolen crypto. However, experts warned that the potential risks are still significant. Hackers Steal $41M in SOL from SwissBorg SwissBorg, a Switzerland-based crypto wealth management platform, confirmed that it suffered a security breach involving its staking partner Kiln that resulted in the theft of about 193,000 Solana tokens. The exploit targeted Kiln’s API, and drained funds from SwissBorg’s Solana Earn program which amounted to roughly $41 million at the time of the incident. Despite the scale of the hack, SwissBorg explained that its app and other Earn products were unaffected, with the vulnerability traced back to Kiln’s infrastructure rather than its own systems. API attacks like this one exploit the software bridge that enables communication between different systems. In this case, Kiln’s API was compromised, which allowed hackers to manipulate requests and siphon tokens meant for staking on the Solana network. SwissBorg stated that the breach only impacted users who deposited Solana into its Earn program, which makes up about 1% of its customer base and 2% of total assets under management. CEO Cyrus Fazel addressed the issue in an X Space , and admitted that the loss was big but it did not threaten the company’s overall financial stability. Cyrus Fazel during an X Space addressing the hack The Solana Earn program, powered by Kiln, was designed to make staking simple for retail investors who might not want to deal with the complexities of running validator nodes or engaging directly with DeFi protocols. While the attack was a setback, SwissBorg reassured its customers that affected users will be reimbursed. The company also pointed out that its treasury reserves were strong enough to cover losses immediately and pledged to move forward with reimbursements while continuing to work with international agencies, exchanges, and white-hat hackers to trace and block stolen funds. Blockchain data shows that the stolen assets were routed to a Solana wallet now flagged on Solscan as belonging to the “SwissBorg Exploiter.” The company advised users to avoid interacting with this address during their investigations. Fazel described the incident as “a bad day for SwissBorg,” but one that will ultimately serve as a learning experience. Despite the disruption, SwissBorg said daily operations remain unaffected, and its broader suite of crypto yield products is still intact. $50 Lost in Supply Chain Hack Meanwhile, hackers have managed to steal less than $50 worth of crypto in what researchers are calling a massive supply chain attack targeting JavaScript software libraries. According to security intelligence platform Security Alliance , attackers broke into the node package manager (NPM) account of a well-known developer and inserted malware into popular libraries downloaded more than a billion times. The breach specifically targeted Ethereum and Solana wallets, but so far the actual damage has been minimal. Security Alliance revealed that the only malicious address it has identified, an Ethereum wallet labeled “0xFc4a48,” received just a handful of tokens including ETH and several meme coins like Brett, Andy, Dork Lord, Ethervista, and Gondola. Initially, the value of the compromised funds was reported at just five cents, before climbing to around $50 as more small transfers were detected. The relatively tiny haul prompted Security Alliance to say that hackers squandered what could have been one of the most damaging supply chain exploits in the industry’s history. The attack involved packages like chalk, strip-ansi, and color-convert, which are deeply embedded in the dependency chains of countless projects. This means even developers who never installed the compromised packages directly may still be exposed if their projects depend on them indirectly. The malware that was planted appears to be a crypto-clipper, which is designed to silently swap out wallet addresses during transactions to siphon funds. Despite the low dollar impact so far, experts are urging caution. Ledger’s chief technology officer Charles Guillemet advised users to carefully verify on-chain transactions, but Ledger confirmed its hardware devices were not directly affected. Meanwhile, 0xngmi, founder of DeFiLlama, mentioned that only crypto projects that updated after the malicious NPM code was pushed are at risk, and even then, users would need to approve the compromised transactions for funds to be taken. Still, he thinks that users may want to avoid interacting with crypto websites until developers confirm that their platforms are no longer relying on infected libraries. Although the outcome so far seems like a missed opportunity for attackers, the sheer scale of the breach shed some light on the fragility of supply chain security in open-source software and how deeply even small libraries are integrated into critical crypto infrastructure.
Christie’s auction house is reportedly closing its digital art department, but will continue to auction NFTs through a broader category.
OnchainLens monitoring detected a withdrawal of 50,000 AAVE from exchange Kraken, valued at approximately $15.07 million, accompanied by 15 ETH (≈ $64,670). The movement is linked to address 0x7D94077f58593F8b97c5cAB56c8924E13b49946E, with
Last week, digital asset investment products shed $352 million, as investors remained cautious despite a supportive backdrop of softer US payrolls and growing expectations for a September rate cut. Alongside, trading volumes tumbled 27% week-over-week, in what appears to be signs of waning short-term interest. Even so, year-to-date inflows climbed $35.2 billion, outpacing last year’s $48.5 billion annual tally by 4.2% on an annualized basis, which, according to CoinShares, points to the broader positive sentiment being intact. Ethereum Hit Hardest Although market sentiment weakened and minor outflows occurred later in the week, Bitcoin still ended with strong results, as it recorded net inflows of $524 million over the week, according to the latest edition of Digital Asset Fund Flows Weekly Report. Ethereum, however, bore the brunt of last week’s downturn in digital asset products, posting $912 million in net outflows. Withdrawals were logged every day of the seven-day trading stretch and came from a diverse range of ETP providers, which ultimately erased monthly inflows. Despite this reversal, Ethereum still holds $11.2 billion in year-to-date inflows. On the other hand, Solana and XRP continue to post encouraging numbers. Solana has seen 21 consecutive weeks of inflows worth $1.16 billion, while XRP leads slightly with $1.22 billion. Meanwhile, Chainlink, Sui, and Cronos attracted $1 million, $0.6 million, and $0.3 million in inflows, respectively. Multi-asset products also welcomed $4.4 million in weekly inflows. Flows were highly polarized across regions during the week. The United States, for one, topped the outflow charts with $440 million, joined by Sweden’s $13.5 million and Switzerland’s $2.7 million. Germany countered with inflows of $85.1 million, while Hong Kong attracted $8.1 million. Smaller but positive inflows were also seen in Canada, Brazil, and Australia, which pulled in $4.1 million, $3.5 million, and $2.1 million, respectively. Ethereum Outflows Aren’t About Fundamentals Weighing on the pressure on Ethereum, Konstantin Anissimov, Global CEO of Currency.com, said that some of these outflows are rotations. In a statement to CryptoPotato , Anissimov added that macro anxiety amid soft labour data, recession fears push money back to Bitcoin products. The exec commented, “To many institutions, Bitcoin still looks like the ‘safer’ digital asset when markets face turbulence. By contrast, ETH is seen as a higher-beta play. That makes it the first target when risk appetite decreases.” Despite this, the exec does not believe that the “fundamentals behind Ethereum have cracked.” Anissimov went on to add, “So far, staking growth, DeFi activity, and network health remain strong. From my perspective, the size of this outflow is more about timing than conviction. If ETH stabilises and macro sentiment improves, inflows can bounce back by Q4. But if uncertainty stays strong, we could be looking at a much longer pause being a stress test for ETF investors and ETH’s price resilience.” The post Ethereum Bleeds $912M in Outflows – 7 Straight Days of Investor Exodus appeared first on CryptoPotato .
Grayscale has filed to convert its Chainlink Trust into a spot ETF (ticker GLNK) on NYSE Arca, providing regulated, institutional exposure to Chainlink (LINK) and potentially increasing liquidity and institutional
Dogecoin swung violently over the last 24 hours, with whales and institutional desks stepping in on heavy volumes near $0.234 support. The memecoin advanced 2% in the final hour to recover from steep intraday selling, though resistance at $0.244 remains firm. Price Action Summary • DOGE traded between $0.231 and $0.244 from September 8 at 04:00 to September 9 at 03:00, a 5.7% range. • Early momentum carried price to a $0.244 peak, but heavy profit-taking reversed gains by session close at $0.236. • Volumes spiked to 463.5M tokens during rejection at $0.244, showing strong institutional selling. • Late-session support emerged between $0.234–$0.237, with 687.9M tokens exchanged, suggesting accumulation. • Final hour recovery lifted DOGE from $0.234 to $0.237 (+1.3%) as volume averaged 6.2M per minute. Technical Analysis • Support: $0.234–$0.237 zone confirmed by heavy buying into late-session declines. • Resistance: $0.244 level rejected multiple times on large volume, capping upside momentum. • Short-term momentum: Higher lows during the last 20 minutes indicate fresh bullish bias. • Key signal: Break above $0.244 could target $0.250, while failure risks retest of $0.231 base. News Background • Futures data show heightened open interest in DOGE contracts as institutions hedge spot exposure. • Market participants anticipate U.S. regulatory progress on crypto ETFs, keeping DOGE in speculative flows. • Broader volatility stems from Fed policy expectations and global trade tensions impacting risk assets. What Traders Are Watching • Whether DOGE can sustain closes above $0.240 and flip $0.244 into support, opening path toward $0.250. • How Fed’s September 17 rate decision impacts risk appetite and liquidity conditions across crypto. • Whale wallet inflows, with institutional desks observed accumulating during late-session dips. • Progress on U.S. DOGE-related ETF filings and whether regulators signal clearer guidance on meme coin products.
TL;DR TD Sequential prints a 9-buy signal after weeks of decline, hinting at potential trend reversal. The asset breaks out of a falling wedge, confirming bullish structure and lifting PENGU into the previous range. Analysts are watching $0.042 as the next key resistance after a 13% gain and strong short-term buying interest. TD Sequential Signals a Buy on 3-Day Chart A new buy signal has appeared for PENGU on the 3-day chart using the TD Sequential indicator. Shared by crypto analyst Ali Martinez, the indicator printed a “9” candle, which often appears at the end of a downtrend. It suggests that sellers may be losing momentum. Meanwhile, the signal is shown with a gray upward arrow below the latest candle. Martinez posted, “$PENGU is a BUY right now, per the TD Sequential indicator.” These setups are usually watched for early signs of a bounce or shift in trend. The signal follows several weeks of declining price action. $PENGU is a BUY right now, per the TD Sequential indicator! pic.twitter.com/KDwOwZ5nG9 — Ali (@ali_charts) September 8, 2025 At the time of writing, PENGU trades at $0.035. The asset is up 15% over the past 24 hours and has gained 20% over the last seven days. The move comes after a drop from the $0.035–$0.038 area in mid-August, with the price reaching a low near $0.0287 before rebounding . Recent candles have had smaller bodies and lower volatility. This pattern often suggests that selling pressure is easing. There are also lower wicks on the candles, pointing to buying interest at lower levels. These details support the idea that the market may be forming a short-term base. Breakout Observed on 12-Hour Timeframe On the 12-hour chart, analyst Sjuul shared a breakout from a falling wedge formation. The pattern had been in place throughout August. Price recently moved above the wedge resistance, while holding within a demand zone that had been tested several times. Sjuul referred to the move as “ another perfect bottom call ,” saying that the token is “ now pumping and going places .” The breakout has pushed the price into the middle of the previous range. If momentum holds, the next area to watch is the resistance near $0.042. Market Watchers Discuss Potential Upside CryptoBull_360 mentioned that PENGU is trading near the point of control within a descending triangle setup. He said that “sustained consolidation above this zone could spark a short-term rally of 30–40%.” He also pointed to rising volume as something to keep an eye on. Livercoin commented , “The only meme IP I keep seeing IRL and in popular non-crypto content,” adding that he is hoping for a pullback before any next leg higher. The post PENGU Bottom In? TD Sequential and Wedge Breakout Say Yes appeared first on CryptoPotato .
Solana started a fresh increase above the $212 zone. SOL price is now consolidating above $210 and might aim for more gains above the $218 zone. SOL price started a fresh upward move above the $202 and $210 levels against the US Dollar. The price is now trading above $210 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $218 resistance zone. Solana Price Eyes Additional Gains Solana price started a decent increase after it found support near the $200 zone, beating Bitcoin and Ethereum . SOL climbed above the $205 level to enter a short-term positive zone. The price even smashed the $212 resistance. The bulls were able to push the price above the $215 barrier. A high was formed at $218 and the price is consolidating gains. There was a minor drop below the 23.6% Fib retracement level of the upward move from the $199 swing low to the $217 high. Solana is now trading above $210 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $218 level. The next major resistance is near the $220 level. The main resistance could be $232. A successful close above the $232 resistance zone could set the pace for another steady increase. The next key resistance is $244. Any more gains might send the price toward the $250 level. Downside Correction In SOL? If SOL fails to rise above the $218 resistance, it could start another decline. Initial support on the downside is near the $212 zone. The first major support is near the $208 level or the 50% Fib retracement level of the upward move from the $199 swing low to the $217 high. A break below the $208 level might send the price toward the $204 support zone. If there is a close below the $204 support, the price could decline toward the $200 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $212 and $208. Major Resistance Levels – $218 and $220.
The battle over who will issue Hyperliquid’s native stablecoin , USDH, has a new heavyweight entrant. Sky, formerly known as MakerDAO, submitted a proposal to power USDH that leans on its $8 billion balance sheet, seven-year operating history, and a B- S&P credit rating – the first ever issued to a decentralized finance (DeFi) protocol. Hyperliquid, which handled nearly $400 billion in trading volume last month, has invited issuers to compete for the right to deploy USDH. The exchange holds $5.5 billion in USDC deposits, roughly 7.5% of that stablecoin’s supply, making the contract one of the most lucrative in DeFi. Validators are set to vote on September 14, with the Hyperliquid Foundation abstaining. Sky’s proposal highlights features few rivals can match. It offers 4.85% returns on all USDH held on Hyperliquid, a rate above Treasury bills, with revenue earmarked for HYPE buybacks and the Assistance Fund. It also pledges $2.2 billion in instant redemption liquidity through its Peg Stability Module, giving institutional traders confidence they can move in and out at scale. Beyond yield and liquidity, Sky is promising ecosystem investment. Its proposal includes a $25 million “Hyperliquid Genesis Star,” modeled after Spark, a token farm within Sky that has attracted more than $1 billion in TVL. Sky said this would bootstrap DeFi on Hyperliquid and potentially attract billions in deposits. The protocol also pledged to migrate its native buyback engine, with more than $250 million in annual profits, onto Hyperliquid. Other bidders have framed their offers differently. Paxos pledged 95% of reserve earnings to HYPE buybacks alongside a zero-fee USDC migration. Frax offered a “community-first” wrapper model where 100% of Treasury yield would flow directly to users. Agora, backed by State Street, VanEck, and MoonPay, promised 100% of net revenue into HYPE buybacks and stressed neutrality. Native Markets, aligned with Stripe’s Bridge , has faced community pushback over potential conflicts of interest tied to Stripe’s Tempo blockchain and its ownership of wallet provider Privy. With Ethena hinting at its own bid , validators face a crowded field when they head to the virtual polls in a few days. The decision will determine not only how USDH is structured, Genius-compliant, user-yielding, or Hyper-native, but also whether Hyperliquid’s monetary layer is tied to a legacy stablecoin giant, a DeFi-native upstart, or a corporate payments firm with blockchain ambitions.