Research
Lending
XRP lending model leaves depositors with 90% of a bad loan’s loss despite reserves twice its size
With the same reserve and cover rates, one modeled default leaves 90,000 tokens of vault loss; ten smaller loans leave 4,500.
Payments
Solana’s “million-payments-a-second” AI system can leave sellers unpaid even after they deliver
Behind the million-per-second benchmark, operator failure tests who funds customer recovery and whether merchants can still collect their final bill.
Technology
Ethereum may have a simpler way to ease the computing burden of its growing rollup ecosystem
A reduced RowDAS design shares reconstruction duties in 1,000-node tests, while retaining reliance on high-custody nodes.
Hacks
Tokens created out of thin air may explain how $320 million in Bitcoin left the Liquid sidechain
Technical accounts describe how unbacked L-BTC allegedly passed security checks, while a reported split between nodes raises questions about federation software deployment.
Derivatives
Hyperliquid tests allowlists that let operators restrict access to their own markets
HIP-3* adds venue-scoped controls without changing existing permissionless markets.
Stablecoins
CZ’s Kyrgyzstan visit highlights why state backing cannot guarantee a stablecoin exit
CZ praised KGST on September 5; the separate USDKG project limits direct redemption to institutions, and its issuer has faced UK sanctions since May.
Governance
Three DeFi projects face possible exclusion from future Arbitrum DAO programs
Good Entry, Limitless and APX Finance could face separate off-chain ban votes, but the combined figure is not one repayable balance.
ETF
Bitcoin ETF inflows fall 76% entering Labor Day break as only BlackRock and Fidelity attract fresh money
Seven funds posted positive flows Thursday, but only IBIT and FBTC did on Sept. 4, ahead of Monday's US exchange closure.
Governance
Aave crypto lending proposal would let emergency tools freeze markets – but not unfreeze them
The proposal would grant bounded emergency roles now, but the current Risk Steward release cannot invoke their one-way safety calls.
ETF
Solana’s weekly ETF inflows fell 97% while CME funds became less net short
SOL ETFs stayed net positive in the week ending Sept. 4, while a separate Sept. 1 snapshot showed reduced net short exposure.
ETF
Strategy and Robinhood now lead a $4.5 billion large-cap ETF that was not built for crypto
Their 6.01% combined weight shows how crypto-linked volatility can reach a generalist stock portfolio.
Hacks
Users exposed by Trezor breach grows sixfold after supposedly deleted shipping logs are found
The larger disclosure implies roughly 80,689 affected customers, though no combined total or row-level overlap check is public.
