Polygon Experiences Finality Disruption Due to Bor/Erigon Node Bug

Polygon is experiencing a temporary delay in consensus finality because of a bug affecting the Bor and Erigon nodes, according to an official incident report on its status page.  The issue, which began early on Wednesday, disrupted some Remote Procedure Call (RPC) services and caused apps built on the network to encounter access issues. While the Polygon blockchain remains live and continues producing blocks, a number of RPC providers and validators were forced to rewind to the last finalized block and resynchronize.  The Polygon team confirmed that the bug is…

Kraken Launches Tokenized Stocks By Backed In Europe

US crypto exchange Kraken is the latest platform to introduce tokenized securities in Europe, following an initial rollout in June. Kraken has officially launched Backed’s tokenized securities offering, xStocks, to eligible European investors, the exchange told Cointelegraph on Wednesday. The European expansion comes months after Kraken teased its tokenized stocks integration with Backed on the Solana blockchain in May, with plans to launch the offering to clients in over 140 countries globally. The initial rollout “essentially covered all countries” except for the US, the United Kingdom, Canada, Australia and the…

Solana (SOL) Stays Strong – Can Bulls Fuel the Next Breakout?

Solana started a fresh increase above the $215 zone. SOL price is now consolidating above $212 and might aim for more gains above the $220 zone. SOL price started a fresh upward move above the $205 and $212 levels against the US Dollar. The price is now trading above $212 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $216 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $220 resistance…

SEC targets US firms linked to suspected Chinese pump and dump scams

Key Takeaways The SEC is focusing on US companies connected to suspected Chinese pump and dump scams. Regulatory actions aim to address facilitation or involvement in manipulative trading by American firms. Share this article The Securities and Exchange Commission is targeting US companies connected to suspected Chinese “pump and dump” schemes, according to a Financial Times report today. The regulatory action focuses on American firms that may have facilitated or been involved in manipulative trading practices originating from Chinese operations. Pump and dump schemes typically involve artificially inflating a security’s…

Asset Entities Rallies on Strive Merger to Make Bitcoin Play

Shares in the marketing firm Asset Entities (ASST) rose 52% in after-hours trading on Tuesday after its shareholders approved a merger with Vivek Ramaswamy’s Strive Enterprises to form a Bitcoin treasury company. Asset Entities said on Tuesday that a “strong majority” of shareholders voted for the merger with plans to raise $1.5 billion to buy Bitcoin (BTC). The new company will be renamed to Strive, Inc. and continue trading under the ticker ASST. Asset Entities shares closed trading on Tuesday up 17.8% at $6.28 and rallied over 52% after-hours to…

Crypto-Stealing Malware Infiltrates Core JavaScript Libraries Used by Millions

The NPM (node packet manager) account of developer ‘qix’ was compromised, allowing hackers to publish malicious versions of his packages. The attackers published malicious versions of dozens of extremely popular JavaScript packages, including fundamental utilities. The hack was massive in scope since the affected packages have over 1 billion combined weekly downloads. This attack on the software supply chain specifically targets the JavaScript/Node.js ecosystem. NPM Supply Chain Attack Popular dev qix fell victim to phishing. Malicious code injected into npm packages now hijacks crypto transactions at signing. Attack method:• Hooks…