Core says the incident is contained and its planned forward upgrade will not roll back the network or reverse previously confirmed transactions. Core DAO is coordinating an emergency hard fork after validators claimed more CORE rewards than the blockchain intended to issue. In an update, Core said the incident had been contained and that “malicious validators” could no longer draw excess rewards. It said the fork would be a forward upgrade and would not roll back the network or reverse any previously confirmed transactions. This followed an earlier status update on Monday, in which Core said a small number of validators had accrued rewards significantly above the protocol’s intended issuance. It said the incident was limited to reward issuance and that user assets remained safe, adding that it would publish a technical postmortem. Read more
The $189,000 in media spending to support Representative Jake Auchincloss marked Fairshake’s latest attempt to influence the 2026 elections with funds from the crypto industry. An affiliate of the political action committee (PAC) Fairshake, which was responsible for pouring more than $130 million in ads and media in the 2024 election cycle, is supporting at least one candidate in Tuesday’s primary in Massachusetts. According to Federal Election Commission (FEC) records as of Tuesday, the Protect Progress PAC, a Fairshake affiliate, spent just over $189,000 on media to support Representative Jake Auchincloss running for reelection in Massachusetts’ 4th congressional district. Some of the funds, according to Democratic candidate Jason Poulos, were used to create “AI-generated slop mailers” supporting Auchincloss ahead of the Massachusetts primary, scheduled for Tuesday. In an Aug. 16 letter, Poulos called on the Democratic lawmaker to “publicly renounce” Protect Progress’ efforts to potentially influence the pr...
The launch gives eligible non-US users access to physically settled options on more than 1,000 US stocks and ETFs through a single Binance account. Binance is expanding further into traditional finance by launching options trading on more than 1,000 US stocks and exchange-traded funds for eligible users outside the United States. The options will be offered through Binance’s Abu Dhabi-regulated broker-dealer, Nest Trading, with orders routed to US-registered Alpaca Securities for execution, clearing, settlement and custody. The launch builds on Binance’s existing equities offering of more than 7,000 US stocks and ETFs and adds to a growing lineup of traditional financial products available through the platform. Read more
UK authorities froze $13.5 million in cash following a January 2025 order from the Westminster Magistrates’ Court as part of an investigation into Sorare. The UK’s National Crime Agency (NCA) has reportedly frozen 10 million pounds, or about $13.5 million, as part of an investigation into online sports company Sorare. According to a Monday report from UK news outlet The Sun, the NCA was conducting a probe into Sorare over claims of unlicensed gambling. The company is behind digital trading cards on the blockchain and signed a four-year, $162-million partnership deal with the Premier League in 2023, which was terminated at the end of last season. The Sun reported that the NCA froze $13.5 million in cash following a January 2025 order from the Westminster magistrates’ court. A spokesperson reportedly said that the order was intended “to prevent dissipation of the funds while the NCA investigates any potential links between those funds and alleged third-party criminality.” Read more