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The Big Story
Crypto Lost $3.6B To Hacks In 2026, Here's What It Reveals — Crypto platforms lost $3.63 billion to hacks and exploits between January 2025 and July 2026 across 245 separate incidents, according to CoinGecko's 2026 State of Crypto Security Report published August 27. The report found that most of the money was lost to infrastructure failures and stolen private keys, not the smart contract bugs most audits are built to catch. While DeFi security tooling has improved, the vulnerabilities that matter most sit at the infrastructure layer—centralized key management, weak custody protocols, and social engineering attacks that bypass code entirely.
Breaking News
BlackRock Executes Multi-Billion-Dollar Accumulation of Bitcoin & Ethereum — BlackRock has completed an eighth consecutive day of crypto purchases, acquiring 27,722 BTC and 371,527 ETH worth more than $3 billion combined.
Lazarus Group just moved stolen Bitcoin — North Korea's Lazarus Group has transferred 244.148 BTC, worth roughly $19.42 million, in a transaction that security researchers believe is part of an ongoing effort to consolidate and obscure funds stolen through previous exploits.
Cardano DEX Volume hits unreal numbers — Weekly decentralized exchange volume on the Cardano network has surged 1,551%, reaching $151.01M over the past seven days, according to on-chain data.
CLARITY Act Moves Into National Security Spotlight — Former U.S. Defense Secretary Mark Esper is pressing the Senate to pass the Digital Asset Market CLARITY Act, arguing in a Financial Times op-ed that digital asset market structure should be treated as a national security priority, not just a financial regulation issue.
Top Stories
Dunamu and Visa Target Stablecoin Payments — Dunamu, operator of South Korea's largest cryptocurrency exchange Upbit, has partnered with global payments provider Visa to develop financial and payment services using stablecoins and artificial intelligence. The two companies unveiled the partnership on August 28, positioning it as a major step toward integrating blockchain-based payments into mainstream financial infrastructure. The collaboration signals growing institutional interest in stablecoin rails as a complement to traditional card networks.
Aave V4 Deposits Explode 30% In One Week — Aave's fourth protocol version has hit a fresh deposit record, with total inflows reaching $806 million and rising 30% in the span of just one week. The pace of growth has been striking—deposits sat near $50 million at the time of V4's early May 2026 deployment before climbing through the $200 million to $300 million range between late June and July. The latest surge suggests that V4's updated risk parameters and new collateral options are beginning to pull serious capital from both institutional and retail participants.
Charles Schwab To Add Solana, Avalanche, Chainlink For Crypto Trading — Charles Schwab has formally announced plans to expand its Schwab Crypto platform by making SOL, AVAX, and LINK available for trading. The announcement marks a significant expansion of Schwab's crypto offering beyond Bitcoin and Ethereum, bringing three of the largest layer-1 and infrastructure tokens to one of America's most widely used retail brokerage platforms. No launch date has been specified, but the move underscores the growing convergence between traditional finance and digital assets.
Deep Dive of the Week
How Do Flare Network's FAssets Let XRP and Dogecoin Enter DeFi? — Flare Network's FAssets system lets holders of coins that cannot run smart contracts, such as XRP, Bitcoin, and Dogecoin, mint a matching token on Flare that they can trade, lend, or use as collateral in DeFi applications. This deep dive breaks down how the collateralization model works, who backs the minted tokens, and what risks the system carries for both users and collateral providers.
By the Numbers
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$3.63 billion — Total lost to crypto hacks and exploits across 245 incidents between January 2025 and July 2026, per CoinGecko's security report.
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1,551% — Weekly DEX volume surge on Cardano, reaching $151.01 million over seven days.
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$806 million — Total deposits in Aave V4, up 30% in one week as the protocol hits a fresh record.
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34.9 million — Transactions processed by Monad between August 17 and August 23, setting a new weekly record for the network.
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529% — Monthly increase in tokenized real-world asset holders on BNB Chain, crossing 1.2 million as of August 27.
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3.74% — Share of ETH supply sitting on centralized exchanges, a record low, according to Santiment.
On Our Radar
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ICP defends against AI-powered attack — The Internet Computer successfully repelled a coordinated, AI-powered cyberattack, according to founder Dominic Williams, with the network holding firm against a Wasm-based exploit attempt.
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Ethena Foundation buyout and 95% revenue vote — The Ethena Foundation has unveiled a sweeping overhaul of its token economics, buying out locked positions held by early seed investors and launching a governance vote that could redirect 95% of the protocol's net revenue into programmatic ENA buybacks.
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Bitcoin completes first quantum-resistant transaction — StarkWare says it has completed the first quantum-resistant BTC transaction on Bitcoin's mainnet, marking a practical step forward in the effort to harden the network against quantum computing threats.
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Shibarium TVL plunges 74% — Shibarium's total value locked fell from $121,860 on August 26 to around $31,513 as of August 28, a decline of roughly 74% in just 48 hours.
Until Monday.