News Heat Trend
Project Overview
Coinversation Protocol is a DeFi protocol platform of the Polkadot ecology. It has been expanded from a synthetic asset protocol to a derivative ecosystem, including parachains, DEX, synthetic assets, and stablecoin protocols.
South Korea's JB Financial Group Invests 40 Billion Won in AI Company Upstage, Acquiring a 2% Stake
According to FNNews, South Korea’s JB Financial Group announced an investment in AI company Upstage through its subsidiaries Jeonbuk Bank, Gwangju Bank, and JB Woori Capital. The three institutions collectively invested $400 billion (approximately $30 million) in Upstage’s Series C-2 funding round, acquiring approximately 2% equity. In prior reports, Upstage co-founder and CTO Hwalsuk Lee disclosed that the company is evaluating various capital market options, including an IPO, and is also considering launching a Pre-IPO round.
AI Agent infrastructure layer Orthogonal completes $4.3 million seed round led by Pantera Capital
Odaily reports: AI Agent infrastructure layer project Orthogonal has announced the completion of a $4.3 million seed funding round, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast Club, Outbound Capital, Rice Capital, Surreal by Premise, Batch Ventures (CTO Fund), and others.The project primarily builds infrastructure for AI Agents, enabling instant capability discovery, orchestration, and payments, allowing agents to dynamically obtain necessary tools and complete on-chain transactions without human intervention.
InfoHawk Secures $2.25 Million Pre-Seed Funding Led by Moonshots Capital
Odaily AI-driven anti-fraud infrastructure provider InfoHawk has announced the completion of a $2.25 million Pre-Seed funding round, led by Moonshots Capital, with participation from former U.S. Federal Trade Commission Chairman Jon Leibowitz, AppNexus founder Brian O'Kelley, former Meta advertising executive Rob Goldman, GitHub CTO Vlad Fedorov, and others. The new funds will be used to support the company's application of AI content recognition and deep infrastructure analysis technology to help enterprises detect, analyze, and combat large-scale online fraud, phishing sites, brand impersonation, and Deepfake attacks. (PRNewswire)
a16z Leads Special’s Funding Round; Former DOGE Team Bets on AI-Driven M&A Cost Reduction
According to Tech in Asia, Special, an AI-powered M&A firm co-founded by Nate Cavanaugh and Justin Fox—both former staff members of the U.S. government’s Department of Government Efficiency (DOGE)—has announced a funding round of undisclosed amount, led by Andreessen Horowitz (a16z). Investors include Antonio Gracias, founder of Valor Equity Partners; Anthony Armstrong, former CFO of xAI; Brian Armstrong, CEO of Coinbase Global; and Shyam Sankar, CTO of Palantir Technologies. Special plans to acquire service-based businesses by automating workflows with AI to reduce costs, and has already reached an agreement to acquire a Texas-based healthcare company, which will be integrated into Figure Health—the company’s business line focused on aging populations.
a16z Crypto Closes $2.2 Billion for Its Fifth Fund; CTO Eddy Lazzarin Promoted to General Partner
According to The Block, a16z crypto—the cryptocurrency division of venture capital firm Andreessen Horowitz—has completed fundraising for its fifth fund at $2.2 billion. This fund is smaller than its record-breaking fourth fund, which raised $4.5 billion in 2022. Paul Cafiero, Communications Partner at a16z crypto, stated that the firm intentionally returned to a smaller fund size because “a shorter fundraising cycle enables us to keep pace with the rapidly evolving crypto landscape.” Prior a16z crypto funds included: the $2.2 billion third fund in 2021, the $515 million second fund in 2020, and the $350 million first fund in 2018.
Printr Founder Announces Full Refund of Community Fundraising
Printr founder announced stepping down as CEO, with COO and GTM head Lennon immediately succeeding as CEO, while co-founder Lea continues as CTO. The founder will transition to an advisory role.Meanwhile, Printr announced it will fully refund its community fundraising, with the relevant refund process expected to be disclosed within 7 days. The team stated that this move aims to rebuild community trust, while the platform's products, team, and development roadmap will remain unchanged.
BlueWallet CTO Audits 494 iOS Crypto Wallets, 45 Flagged for High-Risk Issues
The CTO of BlueWallet audited iOS apps on the App Store labeled as non-custodial crypto wallets. Among the 494 apps analyzed, 45 were found to potentially pose critical or high-risk security vulnerabilities. Of these, 23 were flagged as potential critical risks, while 22 were classified as high risk.
Coldcard incident boosts BitBox credit card sales by ~10x, while Trezor and OneKey see rising demand
Odaily News - Hardware wallet maker BitBox reports that credit card sales in August grew roughly 10x compared to the baseline of previous weeks, with the increase primarily driven by North America. Trezor and OneKey also confirmed rising sales during the same period, though neither disclosed specific figures.Trezor, BitBox, and OneKey have all re-reviewed their seed phrase generation, random number generator, entropy, and firmware verification processes. Trezor plans to conduct penetration testing on core firmware functions and publish related security audit reports. OneKey will strengthen reviews of security-critical code paths and transaction signing processes.Ledger CTO Charles Guillemet stated that AI-assisted attacks mean patch releases, vulnerability disclosures, and user education need to accelerate. Blockstream Jade has released a firmware update containing multiple fixes and recommends users simultaneously update their apps, operating systems, devices, routers, and home appliances. (Bitcoin.com News)
Ledger: Coldcard Vulnerability Losses Reach Approximately $130 Million, Hardware Wallet Security Needs to Adapt to AI
Odaily News: Hardware wallet manufacturer Ledger has stated that the recent Coldcard vulnerability indicates the hardware Bitcoin wallet industry needs to reassess its security model. Ledger CTO Charles Guillemet stated that Ledger devices were not affected, as their recovery phrases are generated by a hardware random number generator built into a certified secure element. Coldcard manufacturer Coinkite disclosed last week that its air-gapped Coldcard Bitcoin hardware wallet contains a vulnerability traceable to firmware versions from March 2021. The vulnerability uses a software fallback mechanism to generate wallet recovery seeds, allowing certain private keys to be guessed, with related losses reaching approximately $130 million. Coinkite released a fixed firmware on Sunday and urged affected users to transfer funds to newly generated wallets. Charles Guillemet stated that open source is different from being audited — the flaw had existed in public code for over five years, and AI is enabling attackers to scan code and identify vulnerabilities at machine speed. Charles Guillemet also said that over the past two years, Ledger has combined AI with security engineers and cryptography experts to review code and identify vulnerabilities. He believes that when evaluating hardware wallets, users should understand how randomness is generated and whether that process has received independent certification.
2026 Q2 Web3 Security Incidents: $764 Million Stolen, 88.3% from Compromised Keys and Infrastructure
According to the quarterly Security and Compliance Report by Hacken, 67 security incidents in the Web3 space resulted in losses of $763.9 million in Q2 2026, making it the most severe quarter since Q2 2025. Compromised keys and infrastructure accounted for 88.3% of the stolen funds, approximately $674.5 million. Smart contract vulnerabilities remained the most common type of attack, linked to 44 out of the 67 incidents, but corresponding losses represented only about 11% of the total. Approximately 75.5% of the losses stemmed from two incidents attributed to North Korean threat actors, and 14 audited protocols were breached during the quarter. Leo Fan, founder of Cysic, stated that an audit is a point-in-time assessment of a specific codebase and does not automatically cover signature devices, cloud infrastructure, operational permissions, subsequent upgrades, third-party dependencies, or old contracts that remain callable. Samuel Videau, CTO of Genius, pointed out that nearly 90% of losses came from compromised keys, signers, and infrastructure. Multiple security leaders noted that Web3 security requires layered defenses including real-time monitoring, key management, multi-party authorization, and bug bounty programs. Leo Fan expects that operational access control attacks will continue to dominate losses in the second half of 2026, including social engineering, credential theft, compromised signers, cloud or CI/CD intrusions, and attacks on off-chain validator infrastructure.
Malaysia's Johor State Revokes Business License of Network School Founded by Balaji Srinivasan
According to Reuters, the Johor state government of Malaysia has revoked the business license of the digital nomad community Network School, founded by American investor and former Coinbase CTO Balaji Srinivasan, and required it to cease all operations in Forest City starting from July 22. The project was previously investigated after being accused on social media of assisting Israeli citizens in entering Malaysia, but the immigration department stated after inspection that the relevant members held valid travel documents. The Johor state government stated that the decision to revoke the license was made based on inspection reports, law enforcement results, and the company's statements.
"Huawei Genius Youth" Li Bojie Responds to ABCDE Capital Investment Dispute: Investment Funds Not Fully Received, Resigned Due to Family Reasons
In response to public accusations by Du Jun, Co-founder of Huobi and ChainUP and Founder of Vernal Capital, Metagent Co-founder and former CTO Li Bojie (@bojie_li) issued a response. Li Bojie stated that ABCDE Capital committed to investing $1.5 million in the investment agreement, but actually only $500,000 was received, with the remaining $1 million never arriving, yet the company's cap table continued to record their equity based on the $1.5 million share. Affected by this, he and the co-founders voluntarily reduced their salaries, and the company's recruitment and R&D also fell into difficulties. In October 2024, Li Bojie officially resigned with board approval, citing personal family reasons preventing him from leaving mainland China and compliance risks existing in Web3 projects. He stated that during his tenure, he always fulfilled the responsibility of disclosing the cap table and business status on schedule, and after resignation, he also complied with non-compete clauses, voluntarily avoiding startup projects in fields such as Web3, AI infra, and image generation. Previously, Du Jun publicly posted stating that Li Bojie is the "founder with the least contractual spirit" he has ever cooperated with, accusing him of refusing to fulfill basic obligations agreed in the investment agreement, including refusing to synchronize business progress and financial status with investors, and subsequently losing contact.
eMudhra CA at risk of compromise, Lightning Labs CTO advises users to update clients
According to monitoring by Olaoluwa Osuntokun, the CTO of Lightning Labs stated that due to the CVE-2026-111943 vulnerability, all lnd, btcd, tapd, and litd users are strongly advised to update their binaries or rebuild using Go 1.27.3. The vulnerability involves the compromise of a certificate authority and may affect the security of related software.
OpenSea: Unaffected by the Magic Eden security incident, has marked related NFTs and restricted trading
OpenSea Chief Technology Officer (CTO) Chris Maddern responded on X regarding the impact of the Magic Eden and Limit Break security incidents, emphasizing that OpenSea’s systems and smart contracts remain unaffected. All currently known affected ERC-721 NFTs have been flagged on OpenSea and are now unsellable; for any newly discovered exploited NFTs, OpenSea will automatically flag them to restrict attackers from securing related bids.
Crypto technology service provider Haruko hit by targeted cyberattack, impacting 15 institutional clients
According to CoinDesk, London-based crypto institutional technology services provider Haruko was targeted by a cyberattack earlier this week, affecting a total of 15 clients. Attackers exploited vulnerabilities in Haruko’s infrastructure to extract user access tokens, gaining access to clients’ read-only exchange API information and trading data. A small amount of client funds were stolen, and smaller hedge funds with weaker security controls face a higher risk of loss. Haruko co-founder and CTO Adam Carlile confirmed that the attack specifically targeted Haruko itself. The vulnerability has been patched, and the company plans to release a complete technical post-incident report. Haruko serves over 80 institutional clients globally and connects to more than 100 centralized exchanges and 30 blockchains.
Ledger Ethereum App Version 1.22.1 Contains Transaction Replacement Vulnerability — Users May Review One Transaction While Signing Another
Odaily News: OneKey Anzen has reproduced the Ledger vulnerability and discovered that Ledger Ethereum app version 1.22.1 contains a transaction replacement vulnerability. When an affected user is attacked, the hardware screen still displays transaction A under review, but the device may sign transaction B, which the user never viewed. OneKey Anzen stated that the issue stems from a race condition between the transaction display logic and the underlying buffer, with the attack requiring the host side to already be compromised by a malicious DApp or intermediary software. Ledger's CTO previously responded that a fix had been rolled out approximately two weeks ago, and users simply needed to update the app. Public information shows that the official tag for version 1.22.2 on Ledger's GitHub appeared on August 24. Ledger's official website states that the issue has been fixed through app-level checksums and SDK-layer patches, with Ledger Secure SDK v26.6.1 released on August 21, and the related apps have been rebuilt and republished. Users need to update the app via Ledger Live — updating only the device firmware will not complete the fix. Ledger stated that there is currently no evidence that this vulnerability has been actively exploited.
Coldcard incident boosts BitBox credit card sales by ~10x, while Trezor and OneKey see rising demand
Odaily News - Hardware wallet maker BitBox reports that credit card sales in August grew roughly 10x compared to the baseline of previous weeks, with the increase primarily driven by North America. Trezor and OneKey also confirmed rising sales during the same period, though neither disclosed specific figures.Trezor, BitBox, and OneKey have all re-reviewed their seed phrase generation, random number generator, entropy, and firmware verification processes. Trezor plans to conduct penetration testing on core firmware functions and publish related security audit reports. OneKey will strengthen reviews of security-critical code paths and transaction signing processes.Ledger CTO Charles Guillemet stated that AI-assisted attacks mean patch releases, vulnerability disclosures, and user education need to accelerate. Blockstream Jade has released a firmware update containing multiple fixes and recommends users simultaneously update their apps, operating systems, devices, routers, and home appliances. (Bitcoin.com News)
Ledger: Coldcard Vulnerability Losses Reach Approximately $130 Million, Hardware Wallet Security Needs to Adapt to AI
Odaily News: Hardware wallet manufacturer Ledger has stated that the recent Coldcard vulnerability indicates the hardware Bitcoin wallet industry needs to reassess its security model. Ledger CTO Charles Guillemet stated that Ledger devices were not affected, as their recovery phrases are generated by a hardware random number generator built into a certified secure element. Coldcard manufacturer Coinkite disclosed last week that its air-gapped Coldcard Bitcoin hardware wallet contains a vulnerability traceable to firmware versions from March 2021. The vulnerability uses a software fallback mechanism to generate wallet recovery seeds, allowing certain private keys to be guessed, with related losses reaching approximately $130 million. Coinkite released a fixed firmware on Sunday and urged affected users to transfer funds to newly generated wallets. Charles Guillemet stated that open source is different from being audited — the flaw had existed in public code for over five years, and AI is enabling attackers to scan code and identify vulnerabilities at machine speed. Charles Guillemet also said that over the past two years, Ledger has combined AI with security engineers and cryptography experts to review code and identify vulnerabilities. He believes that when evaluating hardware wallets, users should understand how randomness is generated and whether that process has received independent certification.
eMudhra CA at risk of compromise, Lightning Labs CTO advises users to update clients
According to monitoring by Olaoluwa Osuntokun, the CTO of Lightning Labs stated that due to the CVE-2026-111943 vulnerability, all lnd, btcd, tapd, and litd users are strongly advised to update their binaries or rebuild using Go 1.27.3. The vulnerability involves the compromise of a certificate authority and may affect the security of related software.
Crypto technology service provider Haruko hit by targeted cyberattack, impacting 15 institutional clients
According to CoinDesk, London-based crypto institutional technology services provider Haruko was targeted by a cyberattack earlier this week, affecting a total of 15 clients. Attackers exploited vulnerabilities in Haruko’s infrastructure to extract user access tokens, gaining access to clients’ read-only exchange API information and trading data. A small amount of client funds were stolen, and smaller hedge funds with weaker security controls face a higher risk of loss. Haruko co-founder and CTO Adam Carlile confirmed that the attack specifically targeted Haruko itself. The vulnerability has been patched, and the company plans to release a complete technical post-incident report. Haruko serves over 80 institutional clients globally and connects to more than 100 centralized exchanges and 30 blockchains.
Nasdaq-listed company Vida co-founder discusses creating a meme coin launch platform with Solana Foundation members, related token market cap reaches $7.47 million
Odaily News Lyle Pratt posted on X, stating that if meme coins can indirectly contribute to the treasury of the underlying company through trading fees or licensing agreements, it would create a further flywheel effect between meme coins and the underlying company. Solana Foundation product lead @vibhu responded, saying they could create a meme coin launch platform for its stock and expressed willingness to help, with Lyle Pratt indicating that in-depth discussions could be held on the matter.Vida Global (NASDAQ: VIDA) is committed to helping enterprises build, deploy, and sell AI agents at scale. The meme coin CTO, which uses the stock token as its liquidity pool on Stonk, has a market cap of $7.47 million, up 51% in the last 24 hours.
Ledger Ethereum App Version 1.22.1 Contains Transaction Replacement Vulnerability — Users May Review One Transaction While Signing Another
Odaily News: OneKey Anzen has reproduced the Ledger vulnerability and discovered that Ledger Ethereum app version 1.22.1 contains a transaction replacement vulnerability. When an affected user is attacked, the hardware screen still displays transaction A under review, but the device may sign transaction B, which the user never viewed. OneKey Anzen stated that the issue stems from a race condition between the transaction display logic and the underlying buffer, with the attack requiring the host side to already be compromised by a malicious DApp or intermediary software. Ledger's CTO previously responded that a fix had been rolled out approximately two weeks ago, and users simply needed to update the app. Public information shows that the official tag for version 1.22.2 on Ledger's GitHub appeared on August 24. Ledger's official website states that the issue has been fixed through app-level checksums and SDK-layer patches, with Ledger Secure SDK v26.6.1 released on August 21, and the related apps have been rebuilt and republished. Users need to update the app via Ledger Live — updating only the device firmware will not complete the fix. Ledger stated that there is currently no evidence that this vulnerability has been actively exploited.
Coldcard incident boosts BitBox credit card sales by ~10x, while Trezor and OneKey see rising demand
Odaily News - Hardware wallet maker BitBox reports that credit card sales in August grew roughly 10x compared to the baseline of previous weeks, with the increase primarily driven by North America. Trezor and OneKey also confirmed rising sales during the same period, though neither disclosed specific figures.Trezor, BitBox, and OneKey have all re-reviewed their seed phrase generation, random number generator, entropy, and firmware verification processes. Trezor plans to conduct penetration testing on core firmware functions and publish related security audit reports. OneKey will strengthen reviews of security-critical code paths and transaction signing processes.Ledger CTO Charles Guillemet stated that AI-assisted attacks mean patch releases, vulnerability disclosures, and user education need to accelerate. Blockstream Jade has released a firmware update containing multiple fixes and recommends users simultaneously update their apps, operating systems, devices, routers, and home appliances. (Bitcoin.com News)
Pons Surpasses Nearly $2.5 Billion in Monthly Trading Volume Within First Month, Burns Over $9 Million Worth of PONS
Odaily News Pons announced on the X platform that since its launch one month ago, the platform's cumulative trading volume has approached $2.5 billion, with over 290,000 tokens issued and more than $15 million in rewards distributed to token creators. Additionally, Pons allocates 80% of protocol revenue to buy back PONS, and has so far burned over $9 million worth of PONS, accounting for nearly 30% of the total token supply.Furthermore, Pons expressed optimism about NFTs and their applications in combination with tokens, and is currently developing related products with two partners. In addition, Pons plans to open migration features for communities looking to conduct a CTO on Pons v1 tokens, as well as for projects hoping to migrate from Solana to Robinhood via Pons. Pons also stated that its iOS App has entered the testing phase.
Related news
eMudhra CA at risk of compromise, Lightning Labs CTO advises users to update clients
According to monitoring by Olaoluwa Osuntokun, the CTO of Lightning Labs stated that due to the CVE-2026-111943 vulnerability, all lnd, btcd, tapd, and litd users are strongly advised to update their binaries or rebuild using Go 1.27.3. The vulnerability involves the compromise of a certificate authority and may affect the security of related software.
Genius Yield to Cease Operations; CTO Launches Open-Source Tool Genius Zero to Help Users Withdraw Assets
Genius Yield CTO Lars Brünjes posted on X that the Cardano ecosystem protocol Genius Yield is gradually winding down its operations. To avoid trapping user assets, he developed an open-source web application, Genius Zero (MIT licensed). Users can interact directly with contracts in their browsers to perform actions like unstaking without relying on the Genius Yield backend. Claiming rewards still requires a multisignature service operated by him personally, and applies only to rewards already funded on-chain. The existing fee structure for the DEX order book remains valid; any changes require signatures from three of the four founders and have not yet been approved. He cautioned users never to enter seed phrases or private keys on any website.
South Korea's JB Financial Group Invests 40 Billion Won in AI Company Upstage, Acquiring a 2% Stake
According to FNNews, South Korea’s JB Financial Group announced an investment in AI company Upstage through its subsidiaries Jeonbuk Bank, Gwangju Bank, and JB Woori Capital. The three institutions collectively invested $400 billion (approximately $30 million) in Upstage’s Series C-2 funding round, acquiring approximately 2% equity. In prior reports, Upstage co-founder and CTO Hwalsuk Lee disclosed that the company is evaluating various capital market options, including an IPO, and is also considering launching a Pre-IPO round.
Mysten Labs Co-founder Evan Cheng: Will Transition to CTO, Kevin Boon to Take Over as CEO
In an open letter, Evan Cheng, co-founder of Sui developer Mysten Labs, announced that company president Kevin Boon will take over as CEO, while he transitions to CTO and leads the newly established AI business unit. The unit will focus on AI agent trust products and AI-native infrastructure, backed by independent engineering, product development, and other teams, with related products and services to be built on Sui and Walrus.
OpenSea: Unaffected by the Magic Eden security incident, has marked related NFTs and restricted trading
OpenSea Chief Technology Officer (CTO) Chris Maddern responded on X regarding the impact of the Magic Eden and Limit Break security incidents, emphasizing that OpenSea’s systems and smart contracts remain unaffected. All currently known affected ERC-721 NFTs have been flagged on OpenSea and are now unsellable; for any newly discovered exploited NFTs, OpenSea will automatically flag them to restrict attackers from securing related bids.
OpenAI Recruits Three Former Patreon Executives to Ramp Up Creator Products
OpenAI has hired Patreon co-founder and CTO Sam Yam to lead the Creator Product line, with former Head of Product Drew Rowny and Engineering Lead Shannon Ma joining alongside him. Sam Yam stated that they will collaborate with creators to build tools and open early access, while encouraging everyone to keep an eye on next week’s OpenAI DevDay. This move signals that OpenAI is exploring the creator monetization business. Previous reports had already noted that OpenAI hired Sam Yam to lead its creator products.