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Project Overview
Bridge is building a stablecoin-powered money movement platform, offering services such as payouts, cross-border payments and exchanging foreign currencies. its Orchestration and Issuance APIs make it possible for any company and team to offer digital dollar-based services to their end consumers or businesses.
AI architecture company Pathway completes $30 million seed funding round, with participation from Id4 Ventures and others
Odaily News: AI architecture development company Pathway has announced the completion of a $30 million seed funding round, with participation from Id4 Ventures, TQ Ventures, Red Bridge Ventures, Kadmos Capital, and WS Investment, the investment arm of Wilson Sonsini, among others. Databricks' Chief AI Scientist Jonathan Frankle has joined as an angel investor.Pathway is developing a Bio-inspired Dynamic Hierarchical architecture (BDH), a "post-Transformer" architecture designed to overcome the limitations of current Transformer models, which continue to rely on ever-increasing data, GPUs, energy, and capital expansion. Unlike traditional large models that require periodic retraining, BDH enables continuous learning and ongoing adaptation with significantly less data.The company also announced the appointment of Adam Kurzrok, former product lead for Google DeepMind's Gemini, as Chief Product Officer. He will oversee the product direction of BDH models, covering areas such as model packaging, evaluation systems, and commercial deployment. (Finsmes)
AI Security Startup Mindgard Completes €26 Million Series A Funding Round, Led by Album VC
According to EU-Startups, AI security startup Mindgard announced the completion of a €26 million (approximately $30 million) Series A funding round, led by Album VC, with participation from Karma Ventures, .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar. Mindgard was founded by Dr. Peter Garraghan in 2022, incubated by Lancaster University in the UK, and is headquartered in Boston and London. The company's platform provides Shadow AI discovery, AI red teaming, and runtime AI protection capabilities, and has helped disclose over 150 high-impact AI security vulnerabilities, covering issues such as the Cursor IDE zero-day code execution vulnerability, Google Antigravity trusted workspace defects, and ChatGPT image generation protection failures.
Stripe acquires Bridge for $1.1 billion, Robinhood acquires Bitstamp for $200 million
Odaily News: Payment company Stripe did not sign long-term supplier contracts with third-party stablecoin APIs. Instead, after Bridge achieved $5 billion in annualized cross-border transaction volume, Stripe acquired it outright for $1.1 billion and integrated stablecoin infrastructure into its global checkout layer. Fintech platform Robinhood did not expand internationally through external trading venues. Instead, it acquired cryptocurrency exchange Bitstamp for $200 million, obtaining more than 50 global regulatory licenses and institutional liquidity. From 2012 to 2018, early B2B fintech startups paid traditional banks for proof-of-concept pilot fees. From 1996 to 2001, telecom infrastructure startups raised over $50 billion to lay dark fiber. (Bitcoin.com News)
Coinbase reportedly bid as high as $2.5 billion to acquire BVNK, ultimately losing out to Mastercard's $1.8 billion acquisition
Odaily News The inside story behind stablecoin infrastructure company BVNK's acquisition by Mastercard for $1.8 billion has recently come to light. According to Concentric, an early investor in BVNK, during the bidding process, US crypto exchange Coinbase once held an advantageous position and reportedly submitted a bid as high as $2.5 billion, but ultimately withdrew from the competition due to insufficient strategic and cultural alignment between the two parties.Kjartan Rist, founding partner of Concentric, stated that BVNK's founding team did not focus solely on the offer price when selecting an acquirer, but placed greater emphasis on long-term partnership and corporate culture fit. "Coinbase may have offered a higher price, but the chemistry between the two sides was not ideal." In contrast, Mastercard, as a traditional financial services company, is more likely to create synergies with BVNK in payment infrastructure and stablecoin applications.It is understood that Mastercard participated in acquisition discussions with BVNK at an early stage, and after Coinbase failed to advance the deal, Mastercard re-emerged as the primary buyer, ultimately completing the acquisition for $1.8 billion.Visa also participated in the competition. Having previously invested in BVNK and holding a board observer seat, Visa once had an advantage. However, Visa ultimately chose not to pursue a direct acquisition, instead adopting an open strategy of partnering with multiple stablecoin companies.Founded in 2018, BVNK provides enterprises with stablecoin payment, cross-border settlement, and treasury management infrastructure. Its early investor Concentric invested in the company at a valuation of $4 million in 2019, and this transaction has generated substantial returns.The acquisition also reflects a new round of competition between traditional payment giants and crypto companies over stablecoin infrastructure. Previously, Stripe acquired stablecoin infrastructure company Bridge for $1.1 billion, prompting payment giants such as Visa and Mastercard to accelerate their expansion into the stablecoin sector.Currently, the global stablecoin market size has approached $300 billion. As enterprise payments, cross-border settlements, and treasury management use cases grow rapidly, stablecoin infrastructure is becoming a critical gateway for traditional financial institutions to capture. (CoinDesk)
Applied Digital Secures $300 Million Bridge Financing Led by Goldman Sachs for AI Data Center Construction
According to GlobeNewswire, Applied Digital—a Bitcoin mining hosting and cloud services company—announced a $300 million senior secured bridge financing facility led by Goldman Sachs to advance the construction of its AI data center projects. The financing is secured against project assets, is repayable at any time without penalty, and the company plans to pursue additional long-term financing in the future to support the development and construction of its AI data centers.
Circle deploys native USDC and EURC on the Plasma chain and launches CCTP.
Circle announced that USDC, EURC, the Cross-Chain Transfer Protocol (CCTP), and Bridge Kit are now live on Plasma. Payment service providers, fintech companies, digital banks, and developers on Plasma can use regulated US dollar and Euro stablecoins to support scenarios including payments, cross-border remittances, multi-currency foreign exchange, on-chain transactions, lending, liquidity provision, treasury management, corporate payments, and global settlement.
Revolut rolls out euro stablecoin EURR in phases, ECB emphasizes privacy protection for digital euro
Odaily News The digital euro, issued by the European Central Bank (ECB) and representing public money, is still in the development stage; EURR, on the other hand, is a stablecoin issued by a private institution designed to maintain a value of 1 euro. Both are aimed at meeting the demand for instant fund transfers within digital platforms.Fintech company Revolut has begun a phased rollout of its euro stablecoin EURR to eligible users in Denmark, Poland, and Portugal, with plans to expand to the European Economic Area in the future. EURR is deployed on the Ethereum network and can be used for on-chain transfers between fiat currencies, crypto assets, external wallets, and supported blockchain networks.EURR is issued by Bridge Building, a Stripe-owned company, rather than directly by Revolut. Piero Cipollone, a member of the ECB's Executive Board, stated that the digital euro will offer the highest level of privacy supported by current technology, with offline payments visible only to the payer and payee, while in online transactions, participating banks will still have access to information required for anti-money laundering compliance. (Forbes Digital Assets)
Stripe acquires Bridge for $1.1 billion, Robinhood acquires Bitstamp for $200 million
Odaily News: Payment company Stripe did not sign long-term supplier contracts with third-party stablecoin APIs. Instead, after Bridge achieved $5 billion in annualized cross-border transaction volume, Stripe acquired it outright for $1.1 billion and integrated stablecoin infrastructure into its global checkout layer. Fintech platform Robinhood did not expand internationally through external trading venues. Instead, it acquired cryptocurrency exchange Bitstamp for $200 million, obtaining more than 50 global regulatory licenses and institutional liquidity. From 2012 to 2018, early B2B fintech startups paid traditional banks for proof-of-concept pilot fees. From 1996 to 2001, telecom infrastructure startups raised over $50 billion to lay dark fiber. (Bitcoin.com News)
Stripe's Bridge Completes EU MiCA Registration, EU-Authorized EMT Issuers Increase to 42
According to Cointelegraph, Bridge Building, the Luxembourg entity of Stripe's stablecoin infrastructure company Bridge, has officially joined the EU Markets in Crypto-Assets (MiCA) registry. Previously, on July 2, Bridge obtained Crypto-Asset Service Provider (CASP) authorization under the MiCA framework and an Electronic Money Institution (EMI) license issued by the Luxembourg Financial Sector Supervisory Commission (CSSF). Bridge Head of Product Mai Leduc Blount stated that the aforementioned approvals will allow EU enterprises to build stablecoin and payment products within a compliant framework. According to the latest update from the European Securities and Markets Authority (ESMA), Bridge's inclusion brings the total number of authorized Electronic Money Token (EMT) issuers in the EU to 42; during the same period, three institutions from Germany newly received CASP authorization, raising the total number of authorized CASPs in the EU to 324.
Stripe's Bridge joins EU MiCA register after Luxembourg approval
Odaily News: Bridge, Stripe's stablecoin infrastructure company, has joined the EU's Markets in Crypto-Assets Regulation (MiCA) register through its Luxembourg entity Bridge Building, after receiving regulatory approval from Luxembourg. The European Securities and Markets Authority (ESMA) update on Wednesday shows that with Bridge's inclusion, the number of MiCA-authorized electronic money token (EMT) issuers in the EU register has increased to 42. Bridge announced on July 2 that it had obtained the MiCA Crypto Asset Service Provider (CASP) authorization and Electronic Money Institution (EMI) license from the Luxembourg Financial Industry Supervisory Commission. Bridge product lead Mai Leduc Blount stated that the approvals allow EU companies to build stablecoin and payment products within a regulated framework. The same ESMA update also added three new German CASP entries, including Volksbank Die Gestalterbank, VBU Volksbank im Unterland, and VR-Bank Erding, bringing the total number of authorized CASPs in the EU register to 324. Asset-referenced token (ART) authorizations remained unchanged, with no ART issuers currently listed.
Midnight：Multiple Exchanges Including Binance Freeze Funds Involved in Cross-Chain Bridge Attack
the Midnight Foundation has provided an update on the handling of the cross-chain bridge attack event involving Wanchain Cardano and BNB. Multiple exchanges including KuCoin, Kraken, Binance, Bybit, OKX, Gate, and MEXC have coordinated risk control actions, temporarily freezing the involved accounts and associated addresses, adding the hacker wallet to a blacklist, and pausing NIGHT token deposits and withdrawals as needed to curb the transfer and cashing out of stolen assets.The Foundation specifically noted that this security incident is an isolated incident related to a third-party cross-chain bridge, and the Midnight mainnet and native NIGHT assets have not been affected. The project team continues to collaborate with major exchanges and ecosystem partners to advance traceability investigations, reminding the community to rely on official disclosures for information and to be cautious of misinformation.
Privy launches stablecoin card prebuilt component, covering 25+ card issuing markets
Privy has launched a stablecoin card prebuilt component, enabling applications to embed a cardholder experience with a single integration, and has partnered with Stripe to issue stablecoin cards. The service currently covers more than 25 card issuing markets and plans to expand to over 100 by the end of the year. Users can spend directly using their Privy wallet or DeFi vault balances without needing to pre-transfer funds to a separate card account. The card issuer is Lead Bank, program management is handled by Bridge, and Stripe provides issuance services.
SlowMist Unveils Details of Allbridge Bridge Attack: Forged CCTP Messages + Flash Loans, Insufficient Mint Verification
Odaily News, SlowMist Security Team disclosed that the cross-chain bridge project Allbridge suffered an attack on August 19, 2026, with losses of approximately $190,000. Notably, this attack was not executed instantaneously—the attacker began laying the groundwork nearly a month in advance, bypassing the verification mechanism through forged cross-chain messages.According to SlowMist's analysis, on July 26, the attacker directly called Circle's MessageTransmitterV2.sendMessage function on the Polygon chain, constructing a cross-chain message disguised as CCTP-style, claiming a transfer of 1 million USDC, despite no actual USDC burn operation occurring. Subsequently, Circle generated a valid attestation for this complete message following standard procedures.Approximately 24 days later, on August 19, the attacker waited for the Base Router to receive a genuine CCTP deposit, bringing its balance to approximately 191,000 USDC, then launched the attack just 6 seconds later. Using the previously forged message and attestation, the attacker called Allbridge's receiveCctpMessage function. Due to the project's lack of critical validation, the system mistook the fraudulent cross-chain message for a genuine deposit and recorded a 1 million USDC credit.Subsequently, the attacker borrowed approximately 809,000 USDC temporarily via an Aave flash loan to match the Router's balance with the forged amount, then utilized the internal credit record to call the transfer function, ultimately moving out approximately 999,000 USDC (after deducting a 0.1% fee). After repaying the flash loan and fees, the attacker netted approximately $189,800 in profit. The root cause of this vulnerability lies in Allbridge's failure to verify the identity of the cross-chain message sender and receiver, as well as its failure to confirm whether USDC was genuinely minted or whether the balance actually increased—instead directly trusting the amount and message hash data constructed by the attacker.SlowMist emphasized that on-chain message verification does not equate to actual asset arrival. Cross-chain protocols must not only verify message authenticity but also ensure the message source is trustworthy, confirm the receiver is Circle's official TokenMessengerV2, and only record assets after confirming actual minting and balance changes. This incident once again highlights the security risks in cross-chain bridges' message verification and asset settlement processes.
Nearly $3 Million in Unusual GALA Transfers Detected on GalaChain; Cross-Chain Bridge Suspended
According to reporter Kate Irwin (@kateirwin), GalaChain experienced an anomalous on-chain capital outflow this Tuesday. Approximately 1.99 billion GALA tokens (worth roughly $2.9 million), along with other tokens, were transferred from five major addresses to a newly created wallet, subsequently bridged out and swapped for ETH within approximately one hour. Of these, approximately 1.639 billion GALA (representing roughly 82%) originated from a wallet linked to Gala Games CEO and co-founder Eric Schiermeyer, which simultaneously transferred out other tokens valued at over $500,000. Within hours of the incident, the Gala development team urgently merged a fix commit on GitHub, classifying the event as resulting from a GalaChain EIP-712 unsigned field injection vulnerability. The Gala Ethereum cross-chain bridge has since been halted, with the Solana bridge concurrently deactivated. While officially cited as routine maintenance, users have been unable to access the cross-chain bridge services normally for several consecutive days.
VerusCoin Ethereum Cross-Chain Bridge Attacked, Approximately $7.53 Million Transferred Out
According to CertiK Alert monitoring, a security incident occurred on VerusCoin's Ethereum cross-chain bridge, with approximately $7.53 million in assets transferred out. Preliminary analysis indicates that this issue may be related to the cross-chain bridge failing to sufficiently verify whether the Verus chain-side input supports the paid amount, similar to an incident that occurred in May this year.
TeleSwap Bridge Protocol Suspected of Attack, Over $735,000 in Funds Stolen and Flowed into Tornado Cash
on-chain investigator ZachXBT stated that the cross-chain bridge protocol TeleSwap was suspected of being attacked on July 15, 2026, resulting in losses exceeding $735,000. However, as of five days after the incident, the project team has not yet publicly disclosed the relevant situation.ZachXBT stated that shortly after suspicious fund outflows were detected, TeleSwap's Bitcoin hot wallet stopped processing transactions. About two hours ago, the attacker transferred the stolen funds into the privacy mixing protocol Tornado Cash.
PeckShield: A total of 40 major hacking incidents occurred in the crypto sector in June, with total losses of approximately $75.87 million.
According to monitoring by on-chain analyst PeckShield (@PeckShieldAlert), a total of 40 major hacking incidents occurred in the cryptocurrency sector in June 2026, with total losses of approximately $75.87 million, down 7.13% month-over-month from May ($81.7 million). The top three incidents with the largest losses this month were: $31 million stolen from Humanity Protocol, $10 million lost from Syscoin Bridge, and $7.5 million stolen from the JaredFromSubway.eth MEV bot.
Symbiosis Recovers 15 BTC From Bitcoin Bridge Exploit, Offers 20% Bounty for Leads
According to Cointelegraph, cross-chain liquidity protocol Symbiosis announced that it has recovered 15 BTC (approximately $1.1 million) from its Bitcoin bridge exploit and deposited them into a team-controlled multisignature wallet. The vulnerability occurred last Friday, as the attacker exploited the protocol flaw to mint 46.1 billion uncollateralized tokens, ultimately realizing profits of 4.3 WBTC (approximately $336,000). Symbiosis had previously offered the attacker a 20% white-hat bounty in exchange for returning the assets, but the deadline has passed without any response. The protocol is now offering a 20% bounty to anyone who provides leads to assist in recovering the assets, while committing to announce a compensation plan for affected liquidity providers. The impacted Bitcoin bridge feature remains paused.
Hacker Exploits Symbiosis Bitcoin Bridge Vulnerability to Mint ~$46.1 Billion in Face Value syBTC, Cashes Out Only $336,000
Odaily News: On-chain security platform Blockaid has discovered a vulnerability in the Bitcoin bridge of cross-chain protocol Symbiosis. The attacker minted approximately 2^62 syBTC to a newly created externally owned account, with a face value of roughly $46.1 billion calculated at 8 decimal places, and sold approximately 4.39 WBTC on Uniswap V4 on Ethereum, realizing a cash-out of about $336,000.Symbiosis stated that the attack occurred at around 4:28 AM on September 11. The team has paused the BTC route, while other routes remain operational and unaffected. The team has recovered approximately 15 BTC and deposited them into a multisig wallet controlled by the team. They have also offered the attacker a 20% white-hat bounty, with a deadline of September 13.In recent weeks, Liquid Network, Nomic, and Symbiosis have all experienced security incidents involving the inflation of supply through the minting of tokens without real asset backing. As of September 13, Symbiosis has not yet publicly released a BridgeV2 technical post-mortem, the final loss amount, or confirmation of whether the attacker has accepted the bounty. (Bitcoin.com News)
White-Hat Hacker Withdraws Approximately 4,000 BTC from Liquid Network; Side Chain Suspends Operations
According to an announcement from the official Liquid Network X account (@Liquid_BTC), a suspected whitehat hacker withdrew approximately 4,000 BTC worth around $320 million from a Liquid Federation wallet using a SideSwap PAK (Peg-out Authorization Key). The official statement indicated that the key itself was not leaked, and the Blockstream team is attempting to contact the party through on-chain signed messages. Following the incident, exchanges have paused or are about to pause LBTC deposit and withdrawal services. Bridge nodes have been temporarily shut down, and the Liquid sidechain is currently suspended, unable to submit new transactions. Officials emphasized that other Liquid assets such as USDT, DePix, and RWA remain unaffected by this incident, while Federation members are actively working to resolve the issue to restore normal network operations as soon as possible.
SlowMist Unveils Details of Allbridge Bridge Attack: Forged CCTP Messages + Flash Loans, Insufficient Mint Verification
Odaily News, SlowMist Security Team disclosed that the cross-chain bridge project Allbridge suffered an attack on August 19, 2026, with losses of approximately $190,000. Notably, this attack was not executed instantaneously—the attacker began laying the groundwork nearly a month in advance, bypassing the verification mechanism through forged cross-chain messages.According to SlowMist's analysis, on July 26, the attacker directly called Circle's MessageTransmitterV2.sendMessage function on the Polygon chain, constructing a cross-chain message disguised as CCTP-style, claiming a transfer of 1 million USDC, despite no actual USDC burn operation occurring. Subsequently, Circle generated a valid attestation for this complete message following standard procedures.Approximately 24 days later, on August 19, the attacker waited for the Base Router to receive a genuine CCTP deposit, bringing its balance to approximately 191,000 USDC, then launched the attack just 6 seconds later. Using the previously forged message and attestation, the attacker called Allbridge's receiveCctpMessage function. Due to the project's lack of critical validation, the system mistook the fraudulent cross-chain message for a genuine deposit and recorded a 1 million USDC credit.Subsequently, the attacker borrowed approximately 809,000 USDC temporarily via an Aave flash loan to match the Router's balance with the forged amount, then utilized the internal credit record to call the transfer function, ultimately moving out approximately 999,000 USDC (after deducting a 0.1% fee). After repaying the flash loan and fees, the attacker netted approximately $189,800 in profit. The root cause of this vulnerability lies in Allbridge's failure to verify the identity of the cross-chain message sender and receiver, as well as its failure to confirm whether USDC was genuinely minted or whether the balance actually increased—instead directly trusting the amount and message hash data constructed by the attacker.SlowMist emphasized that on-chain message verification does not equate to actual asset arrival. Cross-chain protocols must not only verify message authenticity but also ensure the message source is trustworthy, confirm the receiver is Circle's official TokenMessengerV2, and only record assets after confirming actual minting and balance changes. This incident once again highlights the security risks in cross-chain bridges' message verification and asset settlement processes.
Nearly $3 Million in Unusual GALA Transfers Detected on GalaChain; Cross-Chain Bridge Suspended
According to reporter Kate Irwin (@kateirwin), GalaChain experienced an anomalous on-chain capital outflow this Tuesday. Approximately 1.99 billion GALA tokens (worth roughly $2.9 million), along with other tokens, were transferred from five major addresses to a newly created wallet, subsequently bridged out and swapped for ETH within approximately one hour. Of these, approximately 1.639 billion GALA (representing roughly 82%) originated from a wallet linked to Gala Games CEO and co-founder Eric Schiermeyer, which simultaneously transferred out other tokens valued at over $500,000. Within hours of the incident, the Gala development team urgently merged a fix commit on GitHub, classifying the event as resulting from a GalaChain EIP-712 unsigned field injection vulnerability. The Gala Ethereum cross-chain bridge has since been halted, with the Solana bridge concurrently deactivated. While officially cited as routine maintenance, users have been unable to access the cross-chain bridge services normally for several consecutive days.
AI Security Startup Mindgard Completes €26 Million Series A Funding Round, Led by Album VC
According to EU-Startups, AI security startup Mindgard announced the completion of a €26 million (approximately $30 million) Series A funding round, led by Album VC, with participation from Karma Ventures, .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar. Mindgard was founded by Dr. Peter Garraghan in 2022, incubated by Lancaster University in the UK, and is headquartered in Boston and London. The company's platform provides Shadow AI discovery, AI red teaming, and runtime AI protection capabilities, and has helped disclose over 150 high-impact AI security vulnerabilities, covering issues such as the Cursor IDE zero-day code execution vulnerability, Google Antigravity trusted workspace defects, and ChatGPT image generation protection failures.
Hacker Exploits Symbiosis Bitcoin Bridge Vulnerability to Mint ~$46.1 Billion in Face Value syBTC, Cashes Out Only $336,000
Odaily News: On-chain security platform Blockaid has discovered a vulnerability in the Bitcoin bridge of cross-chain protocol Symbiosis. The attacker minted approximately 2^62 syBTC to a newly created externally owned account, with a face value of roughly $46.1 billion calculated at 8 decimal places, and sold approximately 4.39 WBTC on Uniswap V4 on Ethereum, realizing a cash-out of about $336,000.Symbiosis stated that the attack occurred at around 4:28 AM on September 11. The team has paused the BTC route, while other routes remain operational and unaffected. The team has recovered approximately 15 BTC and deposited them into a multisig wallet controlled by the team. They have also offered the attacker a 20% white-hat bounty, with a deadline of September 13.In recent weeks, Liquid Network, Nomic, and Symbiosis have all experienced security incidents involving the inflation of supply through the minting of tokens without real asset backing. As of September 13, Symbiosis has not yet publicly released a BridgeV2 technical post-mortem, the final loss amount, or confirmation of whether the attacker has accepted the bounty. (Bitcoin.com News)
Privy launches stablecoin card prebuilt component, covering 25+ card issuing markets
Privy has launched a stablecoin card prebuilt component, enabling applications to embed a cardholder experience with a single integration, and has partnered with Stripe to issue stablecoin cards. The service currently covers more than 25 card issuing markets and plans to expand to over 100 by the end of the year. Users can spend directly using their Privy wallet or DeFi vault balances without needing to pre-transfer funds to a separate card account. The card issuer is Lead Bank, program management is handled by Bridge, and Stripe provides issuance services.
Circle deploys native USDC and EURC on the Plasma chain and launches CCTP.
Circle announced that USDC, EURC, the Cross-Chain Transfer Protocol (CCTP), and Bridge Kit are now live on Plasma. Payment service providers, fintech companies, digital banks, and developers on Plasma can use regulated US dollar and Euro stablecoins to support scenarios including payments, cross-border remittances, multi-currency foreign exchange, on-chain transactions, lending, liquidity provision, treasury management, corporate payments, and global settlement.
Revolut rolls out euro stablecoin EURR in phases, ECB emphasizes privacy protection for digital euro
Odaily News The digital euro, issued by the European Central Bank (ECB) and representing public money, is still in the development stage; EURR, on the other hand, is a stablecoin issued by a private institution designed to maintain a value of 1 euro. Both are aimed at meeting the demand for instant fund transfers within digital platforms.Fintech company Revolut has begun a phased rollout of its euro stablecoin EURR to eligible users in Denmark, Poland, and Portugal, with plans to expand to the European Economic Area in the future. EURR is deployed on the Ethereum network and can be used for on-chain transfers between fiat currencies, crypto assets, external wallets, and supported blockchain networks.EURR is issued by Bridge Building, a Stripe-owned company, rather than directly by Revolut. Piero Cipollone, a member of the ECB's Executive Board, stated that the digital euro will offer the highest level of privacy supported by current technology, with offline payments visible only to the payer and payee, while in online transactions, participating banks will still have access to information required for anti-money laundering compliance. (Forbes Digital Assets)
BNB Chain Enables Pasteur Hard Fork to Enhance BSC Cross-Chain Bridge Security and Block Transaction Capacity
According to Odaily, blockchain network BNB Chain has activated the Pasteur hard fork on the BNB Smart Chain (BSC) mainnet. The upgrade addresses cross-chain bridge verification, validator authorization, staking, and governance security, while increasing block capacity without altering the 450-millisecond block time.This upgrade includes BEP-682, BEP-695, and BEP-675, which pertain to duplicate validator entries, validator key rotation and penalty governance, and the block submission process, respectively. In the internal test environment QANet, the new process increased throughput from 1,237 transactions per second to 2,324 transactions per second, though these figures are from controlled tests and do not represent mainnet measurements. (Cointelegraph)
AI architecture company Pathway completes $30 million seed funding round, with participation from Id4 Ventures and others
Odaily News: AI architecture development company Pathway has announced the completion of a $30 million seed funding round, with participation from Id4 Ventures, TQ Ventures, Red Bridge Ventures, Kadmos Capital, and WS Investment, the investment arm of Wilson Sonsini, among others. Databricks' Chief AI Scientist Jonathan Frankle has joined as an angel investor.Pathway is developing a Bio-inspired Dynamic Hierarchical architecture (BDH), a "post-Transformer" architecture designed to overcome the limitations of current Transformer models, which continue to rely on ever-increasing data, GPUs, energy, and capital expansion. Unlike traditional large models that require periodic retraining, BDH enables continuous learning and ongoing adaptation with significantly less data.The company also announced the appointment of Adam Kurzrok, former product lead for Google DeepMind's Gemini, as Chief Product Officer. He will oversee the product direction of BDH models, covering areas such as model packaging, evaluation systems, and commercial deployment. (Finsmes)
Related news
Symbiosis Recovers 15 BTC From Bitcoin Bridge Exploit, Offers 20% Bounty for Leads
According to Cointelegraph, cross-chain liquidity protocol Symbiosis announced that it has recovered 15 BTC (approximately $1.1 million) from its Bitcoin bridge exploit and deposited them into a team-controlled multisignature wallet. The vulnerability occurred last Friday, as the attacker exploited the protocol flaw to mint 46.1 billion uncollateralized tokens, ultimately realizing profits of 4.3 WBTC (approximately $336,000). Symbiosis had previously offered the attacker a 20% white-hat bounty in exchange for returning the assets, but the deadline has passed without any response. The protocol is now offering a 20% bounty to anyone who provides leads to assist in recovering the assets, while committing to announce a compensation plan for affected liquidity providers. The impacted Bitcoin bridge feature remains paused.
Hacker Exploits Symbiosis Bitcoin Bridge Vulnerability to Mint ~$46.1 Billion in Face Value syBTC, Cashes Out Only $336,000
Odaily News: On-chain security platform Blockaid has discovered a vulnerability in the Bitcoin bridge of cross-chain protocol Symbiosis. The attacker minted approximately 2^62 syBTC to a newly created externally owned account, with a face value of roughly $46.1 billion calculated at 8 decimal places, and sold approximately 4.39 WBTC on Uniswap V4 on Ethereum, realizing a cash-out of about $336,000.Symbiosis stated that the attack occurred at around 4:28 AM on September 11. The team has paused the BTC route, while other routes remain operational and unaffected. The team has recovered approximately 15 BTC and deposited them into a multisig wallet controlled by the team. They have also offered the attacker a 20% white-hat bounty, with a deadline of September 13.In recent weeks, Liquid Network, Nomic, and Symbiosis have all experienced security incidents involving the inflation of supply through the minting of tokens without real asset backing. As of September 13, Symbiosis has not yet publicly released a BridgeV2 technical post-mortem, the final loss amount, or confirmation of whether the attacker has accepted the bounty. (Bitcoin.com News)
Privy launches stablecoin card prebuilt component, covering 25+ card issuing markets
Privy has launched a stablecoin card prebuilt component, enabling applications to embed a cardholder experience with a single integration, and has partnered with Stripe to issue stablecoin cards. The service currently covers more than 25 card issuing markets and plans to expand to over 100 by the end of the year. Users can spend directly using their Privy wallet or DeFi vault balances without needing to pre-transfer funds to a separate card account. The card issuer is Lead Bank, program management is handled by Bridge, and Stripe provides issuance services.
White-Hat Hacker Withdraws Approximately 4,000 BTC from Liquid Network; Side Chain Suspends Operations
According to an announcement from the official Liquid Network X account (@Liquid_BTC), a suspected whitehat hacker withdrew approximately 4,000 BTC worth around $320 million from a Liquid Federation wallet using a SideSwap PAK (Peg-out Authorization Key). The official statement indicated that the key itself was not leaked, and the Blockstream team is attempting to contact the party through on-chain signed messages. Following the incident, exchanges have paused or are about to pause LBTC deposit and withdrawal services. Bridge nodes have been temporarily shut down, and the Liquid sidechain is currently suspended, unable to submit new transactions. Officials emphasized that other Liquid assets such as USDT, DePix, and RWA remain unaffected by this incident, while Federation members are actively working to resolve the issue to restore normal network operations as soon as possible.
Circle deploys native USDC and EURC on the Plasma chain and launches CCTP.
Circle announced that USDC, EURC, the Cross-Chain Transfer Protocol (CCTP), and Bridge Kit are now live on Plasma. Payment service providers, fintech companies, digital banks, and developers on Plasma can use regulated US dollar and Euro stablecoins to support scenarios including payments, cross-border remittances, multi-currency foreign exchange, on-chain transactions, lending, liquidity provision, treasury management, corporate payments, and global settlement.
Hong Kong Securities and Futures Commission Places Related Entities of Star Bridge Capital on Unlicensed Company Warning List
The Hong Kong Securities and Futures Commission has added Star Bridge Capital, Star Bridge Capital Group, SBCFX, Star Bridge Capital Group, Star Bridge Capital Pty Limited, and Topical Wealth International Ltd to its list of unlicensed companies and suspicious websites. The Commission stated that the aforementioned companies are neither licensed nor registered, and are prohibited from conducting regulated activities in Hong Kong or actively promoting related services to the Hong Kong public. The warning was first published on August 28, 2026.