Crypto Weekly Roundup: Nomad Hacked, Solana W…

It’s been a hectic week with a handful of millions of hacks and one of Bitcoin’s biggest evangelists resigning from office. Also, crypto regulations in the US are up a notch. Let’s see.


Michael Saylor, who was the CEO of business intelligence company MicroStrategy, has shifted to the role of chairman after 30 years at the helm.


As the ethereum-inspired rally continues, the image of the long dreamed of flippening starts talking about it again. The eth merger is also just on the horizon, and if things were going well and the sell-the-news event was over, why wouldn’t another powerful ethereum overtake bitcoin in market cap?

Coinbase announced in a blog post published on Monday that Coinbase was Prime Add Ethereum on its growing list of outlets for domestic institutional clients in the US.


The cross-chain symbolic bridge Nomad suffered an exploit on Monday 1 August, with attackers draining the protocol of almost all of its funds. The total value of cryptocurrencies lost to the attack is close to $200 million. Nomad has announced that it has recovered $22 million. Etherscan data showed Nomad recovered about $22.4 million (11.4%) of the $190 million which was emptied during the hack after the team announced a reward.

After the attacks on Solana, Near Protocol has a official announcement of details in a similar issue, which it claimed was addressed and resolved earlier in June.


News has emerged that several hackers have focused on the Solana ecosystem, and the losses are approaching the billion dollars. The multimillion dollar Solana Wallet hack is traced to a private key exploit associated with the Slope mobile wallet app.


Web3 platform Alchemy has: marked its entry into the Polkadot ecosystem, announcing a pivotal partnership with Astar Network, a parachain of the Polkadot Network. Once the deal is finalized and implemented, Astar will be able to leverage Alchemy’s node infrastructure.


The ZB cryptocurrency exchange advertises itself as one of the most secure exchanges in the crypto space. However, despite robust security measures, the exchange has become the latest entity in the crypto space to fall victim to the ongoing wave of hacks. According to the latest details available from PeckShield, the exchange has: lost about $4.8 million in a coordinated attack.

Fashion brand Gucci has announced that it Add ApeCoin on the list of accepted cryptocurrencies.

Beleaguered cryptocurrency lender Voyager Digital is cleared to return some of the customer’s money incarcerated at the Metropolitan Commercial Bank (MCB) by the judge presiding over the company’s bankruptcy proceedings in New York. The ruling paves the way for Voyager Digital to return approximately $270 million in frozen customer funds.


According to an employee of the office of US Senator Cynthia Lummis, reportedly every exchange in the country, as well as Binance, investigated by the US Securities and Exchange Commission (SEC).

The Bank of Japan has puts his CBDC pilot on holdclaiming that it requires further exploration and understanding of the market.


CEO Zuckerberg has announced that Meta is extension of NFT support for Instagram across international borders to reach users in more than 100 countries.

Jewelry brand Tiffany & Co. has its collection with diamond encrusted and NFT Backed CryptoPunk Pendants.

Disclaimer: This article is for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.

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