News linked to both this project and an event.
Sui Foundation and Mysten Labs launched the Bitcoin mortgage protocol Hashi testnet on July 22, allowing BTC to provide collateral support for on-chain lending and credit markets without being wrapped into synthetic tokens or bridged across chains. Hashi keeps Bitcoin on the Bitcoin network, with deposits secured by a 2-of-2 multi-signature mechanism that requires simultaneous signatures from Hashi's multi-party computation validators and an independent Guardian Layer. Loan terms and collateral positions are recorded on-chain, allowing lenders to view the collateral backing. Over 25 institutional partners are testing Hashi's lending and credit applications, including Bitgo, Cumberland, FalconX, Ledger, Blockdaemon, Bullish, as well as Sui ecosystem lending platforms Navi and Scallop. Wave Digital Assets has committed to advancing a three-year Bitcoin yield bond tokenization plan on Sui after the Hashi mainnet launch. Hashi has not yet announced a mainnet launch date. Sui previously unveiled the Hashi development network phase in March, positioning the protocol as a solution to improve capital efficiency for the approximately 1.4 trillion dollar Bitcoin market.
According to an announcement released by Qubic's official X account (@Qubic), a security incident occurred within the Qubic GitHub organization on July 13, where a compromised account accessed repositories and extracted sensitive information. Officials have intervened to handle the situation. Officials recommend the following users take immediate action: • Network Guardians: Rotate seeds immediately • Web wallet users: If you unlocked your wallet between 03:00–10:00 UTC on that day, please migrate to a new identity; if unsure about the last unlock time, migration is also recommended • Developers: Pause pulling or deploying code from Qubic repositories until officials confirm the audit is complete Officials stated that full details and subsequent updates will be published on the official Discord channel, reminding users not to trust information from unofficial channels, and warning that no one shall request user seeds for any reason. The incident post-incident report will be released after handling is complete.
According to the Guardian, Labour Party chairwoman Anna Turley has written to Reform UK leader Nigel Farage, demanding that he cease evading scrutiny over a £5 million personal donation from Thai cryptocurrency billionaire Christopher Harborne and provide a “clear and truthful account.” The donation was exposed by the Guardian in April this year; shortly thereafter, Farage suspended his previously weekly press conferences. The matter is now under investigation by the Parliamentary Commissioner for Standards. The Labour Party accuses Farage of repeatedly changing his story—first claiming the funds were intended for lifelong security, then later describing them as a “reward” from Harborne for his role in pushing Brexit—and questions the source of funding for his property purchases, including a £1.4 million cash purchase in Surrey and a Kent seaside villa slated for renovation at an estimated cost of around £700,000. Farage maintains that these properties are unrelated to the donation and that the purchase funds came from a £1.5 million fee he received for appearing on an ITV reality TV show.
Blockaid disclosed on X that the Alephium TokenBridge Ethereum cross-chain bridge was attacked. The attacker compromised three out of four Guardian private keys, forged a Verified Action Approval (VAA) message, and executed the attack within approximately seven minutes, stealing roughly $815,000 worth of assets. During the attack, the attacker minted 13.76 million Wrapped ALPH tokens out of thin air—exceeding the pre-attack circulating supply by over 100%—and simultaneously unlocked and withdrew assets including USDT, USDC, WBTC, and WETH from the custody pool. As of now, the attacker’s address still holds approximately $815,000 in stolen assets and 13.76 million uncollateralized Wrapped ALPH tokens; the largest anomalous transaction involved the out-of-thin-air minting of 13.76 million Wrapped ALPH tokens.
following the Kelp security incident, Tether's asset interoperability protocol USDT0 has disclosed details of its protocol security architecture. It stated that the system currently utilizes a proprietary DVN (Decentralized Verification Network) with message veto authority, and requires 3 independent validators, operating on different codebases, to reach a 3/3 consensus before cross-chain messages can be settled. The current verification nodes include the USDT0 proprietary DVN, LayerZero, and Canary, with future plans to expand to 4/4 and 5/5 verification mechanisms.USDT0 also stated that all multi-signature transactions must undergo multiple reviews by internal teams, external security teams, and auditing firms before signatures are submitted. The relevant contracts have been audited by firms such as Guardian and OpenZeppelin, and a $6 million bug bounty program has been launched on Immunefi.