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TL;DR:
Neutrl paused NUSD minting and redemptions after sNUSD crashed 46.9% to $0.5582 — no exploit confirmed, details pending.
tx’s XRPL bridge was exploited, leaving bridged XRP unbacked.
Trezor and SafePal both disclosed shipping-data breaches.
xStocks expanded to Hyperliquid; EtherFi moved its Cash card onto Aave V4.
If you’re exposed to NUSD or bridged XRP on tx, hold off and wait for official remediation.
Issues⚠️
Neutrl paused NUSD minting, redemptions, and other functions after issues hit protocol reserves — no exploit confirmed yet. sNUSD has already dropped 46.9% to $0.5582. $3.5M was pulled from a Curve pool as a precaution, and linked platforms like Strata Markets have paused connected contracts.
NUSD itself holds near $1 for now, but the solvency dashboard is reportedly broken, leaving transparency gaps.
Neutrl says details on next steps are coming soon.
tx’s XRPL bridge was exploited on August 9 via a deposit-detection flaw that let the attacker mint bridged XRP against transactions with no real XRP deposited, then withdraw real XRP against those fake balances.
Bridged XRP on tx is currently unbacked; other bridged assets are unaffected. The bridge is halted, and an FBI complaint has been filed.
If you hold bridged XRP on tx, take no action yet — official remediation details are pending, and be wary of any third party claiming to offer recovery.
Unknown attackers drained $25.6M across aWBTC ($6.3M), DAI ($5.1M), WBTC ($4.7M), and ETH ($2.6M) in a reported exploit. The hacker has converted stolen funds to 20M DAI and 3K ETH ($5.64M) held across four addresses.
DeFi📈
EtherFi is migrating its Cash card credit backend to a dedicated Aave V4 instance on Optimism, replacing its in-house system.
xStocks launched on Hyperliquid with 5 tokenized equities/ETFs — NVDAx, SPYx, QQQx, SKHYx, and MUx — bridged via Chainlink CCIP.
They also announced upcoming partnerships with Hyperlend and Rysk Finance, opening up opportunities to expand into lending and options.
Maple completed its first SYRUP buyback under MIP-021, acquiring 852,840 SYRUP for $136,768. Buyback size is automatically tied to monthly protocol revenue.
Jupiter Lend V2 launches on Solana with Smart Vaults that convert collateral and debt into active DEX liquidity, enabling users to earn trading fees alongside lending yields.
Hyperliquid invested $29M through its Policy Center, pushing for compliant US entry, as perps remain in a regulatory gray area.
A proposal at Optimism would redirect 546.9M OP originally reserved for future user airdrops into a Strategic Ecosystem Fund instead. Voting ends August 20, with 74% currently in favor and 25% against.
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Data Breaches ⚠️ :
A Trezor shipping partner suffered a data breach that exposed customer names, addresses, phone numbers, and emails for 11,742 customers (fully) and 1,947 (partially) across several countries over the past 90 days.
Device security is unaffected, but Trezor warns of likely phishing attempts targeting exposed customers — never enter your wallet backup on any website.
SafePal disclosed a data breach affecting ~39,798 customers who ordered between March 2025 and April 2026, exposing names, emails, addresses, phone numbers, and purchase details — but not seed phrases, private keys, or payment info.
Affected customers were notified individually; check exposure status at safepal.com/scam-protection.
Stablecoins/RWA🪙
Solstice Finance launches strcUSX on Solana, splitting Strategy’s ~12% STRC dividend into a senior tranche (~7% target) and a junior tranche (~20% variable) with first-loss protection.
Ondo made a strategic investment in Saturn and is integrating Ondo Stocks, starting with STRCon, as collateral for Saturn’s sUSDat digital credit product.
Solomon Labs launches USDv on Solana, a productive stablecoin that earns yield from reserve backing without staking or wrapping.
InfiniFi launched Prime, a senior liquid private credit product built for neobanks and consumer fintech apps to plug institutional yield into their Earn products — powered by Fasanara Capital and Midas.
Perps DEX📉📈
Variational is allocating $1M+ and 150K points across five tiers (Dolphin to Leviathan) based on trading volume to attract new traders.
Existing users can earn up to $15K for referring a top-tier trader.
FX100 launches a perp trading DEX on Base Sepolia testnet with a 15-minute liquidation-protection window. The redesign aims to reduce forced liquidations through extended protection periods.
Pear Protocol launched Orchard, upgrading its long/short platform with AI-generated trade baskets, a native trading chat agent, auto-rebalancing, and an MCP server to integrate pair trading with Claude, ChatGPT, and other AI tools.
News🗞️
BasedOneX launched Infinity, an AI trading research tool that combines a reasoning model with live access to 16 data sources (Coinglass, Nansen, CoinGecko), pulls real-time derivatives data, and cites sources for its answers.
Vitalik compared Ethereum’s updated Strawmap against the 2023 roadmap, noting privacy and quantum resistance weren’t even on the original plan and are now core priorities — including privacy pools, hidden-history “wormholes,” and a potential EVM replacement with RISC-V or leanISA under the broader “Lean Ethereum” push.
Securitize shares dropped 20% to an all-time low after reporting a $21.7M net loss and 5% revenue decline in Q2. Despite the loss, tokenized AUM hit a record $4.3B (+16%) and transaction volume surged 147% to $5.3B — highlighting the gap between growing usage and actual profitability.
Tether completed its first full financial audit, with KPMG issuing an unqualified opinion — the most positive form possible. KPMG physically inspected every gold bar Tether holds, confirming reserves exceed liabilities by $6.814B, moving beyond its prior quarterly attestations.
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