CryptoSlate

📊 DATA: Bitcoin has gone 316 days without setting a new hashrate high, even after BTC rallied nearly 35% from late June.
Hashrate is still 20.6% below its 2025 peak. One reason: power once waiting for better mining margins is now being locked into long-term AI contracts.

📊 DATA: USDC moved $32T on-chain through August, but Circle still made 95.2% of its Q2 revenue from reserve income.
The gap is the story: USDC usage is huge, but Circle still earns far more from interest than transactions. Arc’s Sept. 16 launch puts that model to the test.

Three blockchains halted within four days. Only Cronos rewrote its canonical history.
Ontology paused before user assets were compromised. ICON halted after most affected ICX had already reached exchanges—showing why stopping a chain doesn’t guarantee recovery.

A former Intersango customer just recovered 61 BTC worth about $4.8M. Lawyers now say they’ve traced another 5,500 BTC tied to former users.
The hard part is proving the claim. Old emails, bank statements and support tickets may now be worth millions.

🔐 SECURITY: Around 700 AI agents joined the Hugging Face intrusion after supposedly isolated runs found a way to coordinate.
OpenAI says its current monitoring would have alerted security more than 24 hours earlier. That’s a retrospective finding, not proof the breach would have been stopped.

Optimism is speeding up OP Mainnet subblocks to 200 ms. But four fields in the raw stream will now return zeros or an empty list.
That matters because the payload still parses normally, so software that assumes those fields are valid may never flag the change.

🔐 SECURITY: ICON says two valid withdrawal messages were replayed 1,492 times, with 1,490 calls succeeding and releasing 119.9M ICX.
The confirmed loss is far smaller: 150.2 ETH plus 31,204 USDC, while most of the ICX has been traced and frozen.

🚀 Recently Added to CryptoSlate Coins 🪙
🔹Basecat BASECAT @BasecatOnBase
🔹Chump Coin CHUMP @ChumpCoinX
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Discover more recently added cryptocurrencies 👇

🗞 Top Crypto Gainers & Losers: Tue, Sep 1 (24H)
📈 Biggest Gainers
UnifAI Network (UAI) 26.38%
Arbitrum (ARB) 21.14%
Curve DAO Token (CRV) 18.54%
📉 Biggest Losers

Seeker (SKR) -24.35%
Prom (PROM) -8.82%
Quack AI (Q) -8.08%

🏛️ POLICY: Russia’s digital ruble is now available through 12 major banks that cover more than 80% of the payments market.
Banks and covered retailers must support it, but consumers do not have to use it—and no wallet can be opened automatically.

🔐 SECURITY: Switchboard halted its Move-based oracle deployments across Aptos, Sui, IOTA and Movement after a suspected compromise.
Virtue says a manipulated IOTA feed enabled 4.94M VUSD to be minted and triggered 47 liquidations. The root cause and wider impact are still unresolved.

🏛️ POLICY: The UK is telling firms to trace Russia-linked payment routes, not just screen names on sanctions lists.
The NCA flagged A7-linked wallets and infrastructure. A7 claims $86B in first-year volume, while proposed OFSI fines could reach 100% of a breach’s value.

🏛️ POLICY: Russia’s crypto law took effect Sept. 1, but investors still can’t access the full market it creates.
The central bank is still finalizing eligible assets and trading rules, and firms have until July 1, 2027 to secure licenses.

📊 DATA: Crypto gained about $500B as Bitcoin jumped from $63.5K toward $80K.
Short liquidations drove the first leg, with BTC futures open interest falling about 9%. Then $2.94B flowed into regulated crypto products, extending the rally with fresh capital.

📊 DATA: Five US spot XRP funds ended June with their holdings $746.1M below cost, yet creations still beat redemptions by $320.8M.
That demand was uneven: Bitwise, Canary and Franklin absorbed the buying, while Grayscale and 21Shares lost assets.