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#The Block
Magic Eden Legacy Approval Exposes $5.7M in NFTs, White Hats Rescue 23,155 Tokens
An outdated approval mechanism on Magic Eden that was never revoked left $5.7 million worth of NFTs exposed to potential attack, with white hat hackers stepping in to rescue 23,155 tokens before further damage could occur. Details of the incident are still pending official clarification.
US Spot Bitcoin ETFs See $999M Single-Day Inflow, Biggest in Nearly 11 Months
US spot Bitcoin ETFs posted a net inflow of $999 million on Monday, marking the largest single-day inflow since October 6, 2025.
Visa's Stablecoin Settlement Volume Tops $20B Annualized, Up Over 15x Year-Over-Year
The Block reports that Visa's annualized stablecoin settlement volume has surpassed $20 billion, marking a year-over-year increase of more than 15x, while overall payment volume grew nearly 200% over the same period.
Roughly 4,000 BTC Drained From Liquid Network; Attacker Claims Most Will Be Returned After Patch
Liquid Network saw an anomalous withdrawal of roughly 4,000 BTC — worth about $320 million at the time — over the weekend. An attacker claiming to be a white hat demanded a vulnerability patch before returning the funds. Blockstream has responded with a signed on-chain message, but as of this report, the funds have not yet been returned.
US Bitcoin ETFs See $731 Million Single-Day Inflow, Largest Since January
Analysts note that US Bitcoin ETFs recorded a net inflow of $731 million in a single day, marking the largest daily capital return since January this year. The momentum is being attributed to dovish remarks from Fed Governor Christopher Waller.
US Treasury Ramps Up Iran Sanctions, Adds Crypto to "Economic D-Day" List
The US Treasury has folded digital assets into its latest round of sanctions against Iran, lumping crypto in with aviation, shipping, and gold under what's being dubbed an "economic D-Day" operation. The Treasury says certain cryptocurrencies have been used to prop up Iran's economy.
Crypto Exchange Volume Doubles in Five Days, But August Still Trails July
The Block reports that crypto exchange trading volume doubled within five trading days, signaling a market activity rebound. However, August's cumulative trading volume so far still falls short of July's full-month total, meaning the recovery hasn't yet fully caught up to last month's level.