The Defiant

The Ninth Circuit ruled Friday that Kalshi's sports event contracts are not swaps under the Commodity Exchange Act, clearing the way for Nevada to enforce its gaming laws against the prediction market. The decision turns on a single question with large commercial stakes: if the contracts are swaps, the Commodity Futures Trading Commission has exclusive jurisdiction over them and states are locked out. The Aug. 28 opinion in KalshiEX LLC v. Assad says they are not, so Nevada's gaming regime applies.

The wallet behind the attack held 10,005 SOL at press time and was still taking funds. Avici said it was "aware of an issue affecting card balance withdrawals" nearly two hours after the first drain transaction. Hacks An attacker is draining customer funds from Avici, the Solana neobank that issues Visa cards backed by users' crypto, and had taken more than $1 million by press time.

The Sandbox will repay eligible holders of bridged SAND on Base and BNB Chain 1:1 in Ethereum-based SAND after an Aug. 22 exploit drained 14,742,341.84 SAND from its Ethereum vault, the project said in an Aug. 27 post-mortem. The plan covers legitimately bridged balances recorded in a pre-incident snapshot, rather than tokens created through the unauthorized mint.

Bitcoin fell 3% over 24 hours to $77,955 by early Friday afternoon, leaving it 0.7% higher on the week after trading as high as $81,479.50 overnight. Gold fell 2.4% and U.S. equities turned negative after Federal Reserve Chair Kevin Warsh told the Jackson Hole symposium the central bank has "work to do" on inflation.

The commitment will fund more GPU loans; USD.AI’s API reported $265 million in loan reserves and $491 million in TVL. DeFi Bullish is providing USD.AI with a $100 million stablecoin debt facility to finance loans backed by GPUs and other AI computing infrastructure, the companies announced Friday. The commitment adds a new pool of capital for lending to AI infrastructure operators. The facility is large against USD.AI’s current base. At 5 p.m. UTC on Aug.

SGP-0002 passed with 176.29 million SOL in favor against 66.19 million opposed, hours after Kraken's largest validator switched roughly 8.1 million SOL from against to for. By: The Defiant Team · Edited by Camila Russo • Blockchains Solana validators approved a proposal to double the rate at which SOL emissions decline, the first measure to pass through the network's new onchain governance system and the first time validators have agreed to cut issuance.

The announced rollout is still forthcoming, with the first partner exchange announcements and deployments expected in the coming weeks. DeFi Ethena said Friday that it plans to add equity-perpetual basis trades to USDe’s backing strategy, extending the synthetic dollar into stock-linked derivatives markets. Etherscan listed USDe’s circulating supply at about 4.063 billion tokens when checked. The announced rollout is still forthcoming.

Charles Schwab said Thursday it will add Solana, Avalanche and Chainlink to its retail crypto platform, and SOL rose 12.9% to lead the ten largest tokens. Ethena gained 21.9% after its research team proposed routing 95% of net revenue into ENA buybacks.

EtherFi Cash was V4’s second-largest market at $257 million, while Aave V3 retained a much larger $31 billion deposit base. DeFi Aave’s live onchain dashboard listed V4 user deposits at $806 million. Deposits jumped by 30% over seven days and reached a new all-time high above $800 million. The latest reading extends a steep August climb. Aave announced that V4 deposits crossed $500 million on Aug. 19 and $600 million on Aug. 21, before moving above $800 million six days later.

StarkWare said a Bitcoin transaction using its Quantum Safe Bitcoin, or QSB, design was mined on mainnet without changing Bitcoin’s consensus rules. The transaction 305a24ff…ab07 was confirmed in block 964,199 on Aug. 26. Blockstream’s record shows that it combined 39,179- and 10,000-satoshi inputs, created one 44,000-satoshi output and paid a 5,179-satoshi fee. The transaction was 1,403 bytes.