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ETF Streak Snapped, Phantom SAND Tokens & DeFi's Architecture Week | Aug 28
Audio is available on Spreaker — see link below.
Bitcoin ETF inflows reversed hard after Jackson Hole, erasing a nine-day, $3B streak in a single session. Plus: a $675K Sandbox bridge exploit, Ajna V2's immutable liquidation flaw, and VC funding flows into crypto infrastructure.
Audio is available on Spreaker — see link below.
Fed Chair Warsh walked away from the Jackson Hole podium, and within twenty-four hours, nine days of Bitcoin ETF inflows were gone. That's the clearest signal from the past day of trading.
Bitcoin pulled back to seventy-seven thousand five hundred and seventy-five dollars after the speech. The seventy-five to seventy-seven thousand dollar band is now the level to watch.
Away from price action, the bridge security story got worse. The Sandbox project suffered an exploit on its Base and BSC bridge, where an attacker used an approveAndCall hook vulnerability to mint three hundred and twenty-nine trillion phantom SAND tokens.
The DeFi exploit pattern didn't stop with bridges. Ajna v2 lost seven hundred and seventy-five thousand dollars across seven Ethereum pools through internal accounting manipulation in its liquidation logic.
On the institutional side, crypto VC funding reached one hundred and eighty-four point one million dollars for the week. RQD Clearing raised seventy-four million led by Bain Capital.
The two real watchpoints from here are straightforward. First, the September fourth jobs report.
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