JrKripto - Everything about Crypto

Harmony Hit by Supply Shock: 4 Billion ONE Minted as Price Plunges

<p class="text-left mb-4 ">The Harmony network was shaken by a major security breach that reportedly allowed roughly 4 billion ONE tokens to be minted without authorization. The amount represented more than a quarter of the existing supply and pushed the <a href="https://jrkripto.com/tr/coin/one" target="_blank" rel="noopener noreferrer" class="text-primary underline">ONE price</a> down by about 40%. The team confirmed the attack and introduced emergency measures, while the incident renewed debate over a possible rollback and the network’s future.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/oneusdt-2026-08-12-11-53-14-402a0e50.webp" alt="ONEUSDT_2026-08-12_11-53-14.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">On-chain data suggests the attacker exploited empty blocks to mint the tokens. With around 15 billion ONE in existence before the incident, the additional 4 billion tokens represent a sudden supply increase of roughly 26%.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Harmony releases emergency update</h2><p class="text-left mb-4 ">After conforming the attack, the Harmony team asked network operators to install an emergency software update designed to stop any further token minting. However, the team has yet to independently confirm the total number of tokens created during the exploit.</p><p class="text-left mb-4 ">The project temporarily paused its token bridge to limit the movement of assets connected to the attack. It also asked cryptocurrency exchanges to block and freeze funds traced to four groups of addresses.</p><p class="text-left mb-4 ">In its <a href="https://x.com/harmonyprotocol/status/2087410115200889135" target="_blank" rel="noopener noreferrer" class="text-primary underline">official statement</a>, Harmony said it was working on a security patch and evaluating options to return the network to its pre-attack state. The technical vulnerability behind the incident remains unknown.</p><p class="text-left mb-4 ">According to on-chain analyst Juiceberg, most of the newly created tokens were quickly transferred to centralized exchanges. The attacker reportedly has around 115 million ONE left to sell on-chain.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Possible rollback sparks debate</h2><p class="text-left mb-4 ">A rollback would return the Harmony network to a point before the attack. This could invalidate the unauthorized tokens that remain on the network.</p><p class="text-left mb-4 ">However, the process becomes more difficult once funds reach exchanges or move to other networks. A rollback could also remove legitimate transactions unrelated to the attack from the blockchain’s accepted history.</p><p class="text-left mb-4 ">Such a decision is therefore likely to cause disagreement among community members and validators. Reversing transactions after an attack directly conflicts with the principle of blockchain immutability.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Harmony has faced previous attacks</h2><p class="text-left mb-4 ">Harmony encountered a similar supply issue in December 2023 due to a bug in its staking system. Addresses that should have stopped receiving rewards continued to receive payments, resulting in the accidental creation of approximately 146.3 million ONE.</p><p class="text-left mb-4 ">The network also suffered one of the crypto industry’s largest bridge attacks in 2022. Roughly $100 million in assets was stolen from the Horizon Bridge, and the FBI later attributed the attack to North Korea-linked Lazarus Group.</p><p class="text-left mb-4 ">The latest incident differs from the previous bridge attack because it involved the creation of ONE directly on the Harmony network. The team’s technical investigation, the fate of the newly minted tokens and a possible rollback remain the main risks facing the ONE price.</p>

12 Aug 2026

Russia Opens Local Exchanges to Bitcoin, Ether and USDT

<p class="text-left mb-4 ">The Bank of Russia has added Bitcoin, Ether and Tether’s USDT stablecoin to the list of crypto assets eligible for public trading on domestic exchanges. Russian investors will be able to buy and sell these assets through the country’s regulated market.</p><p class="text-left mb-4 ">Trading will not begin immediately. The decision appears in a draft regulation that remains open for public consultation, while exchanges and intermediaries still need to complete the technical preparations.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin, Ether and USDT met the requirements</h2><p class="text-left mb-4 ">According to the Bank of Russia’s <a href="https://www.cbr.ru/press/event/?id=32754" target="_blank" rel="noopener noreferrer" class="text-primary underline">August 11 announcement</a>, the regulator selected eligible cryptocurrencies using three main criteria. It considered market capitalization, average daily trading volume and pricing history on foreign platforms.</p><p class="text-left mb-4 ">A crypto asset must have at least five years of pricing history on foreign exchanges to qualify. Russia’s new crypto law also requires an average market capitalization above 5 trillion rubles and an average daily trading volume exceeding 1 trillion rubles over the previous two years.</p><p class="text-left mb-4 ">Based on these criteria, <a href="https://jrkripto.com/en/coin/btc" target="_blank" rel="noopener noreferrer" class="text-primary underline">Bitcoin</a>, <a href="https://jrkripto.com/en/coin/eth" target="_blank" rel="noopener noreferrer" class="text-primary underline">Ether</a> and <a href="https://jrkripto.com/en/coin/usdt" target="_blank" rel="noopener noreferrer" class="text-primary underline">USDT</a> became the three liquid assets available to non-qualified investors. Smaller altcoins were excluded from the initial list.</p><p class="text-left mb-4 ">The Bank of Russia may temporarily approve other cryptocurrencies for public trading for periods of up to six months. Qualified investors will be able to purchase any cryptocurrencies offered on exchange or over-the-counter markets without an investment cap.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Retail investors face a 300,000-ruble limit</h2><p class="text-left mb-4 ">The new rules introduce an annual purchase limit of 300,000 rubles for non-qualified investors. The limit will apply separately to each broker, crypto exchange or asset manager.</p><p class="text-left mb-4 ">Investors must pass a knowledge test before making transactions. Intermediaries will also need to inform customers about crypto market volatility and the risk of losing their capital.</p><p class="text-left mb-4 ">The regulator aims to restrict retail access to highly volatile tokens with insufficient liquidity. Bitcoin, Ether and the dollar-backed USDT will therefore dominate the market during its initial phase.</p><p class="text-left mb-4 ">The draft regulation will remain open for public consultation until August 24. The Bank of Russia will review the submitted feedback before publishing the final rules.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Crypto trading could begin in November</h2><p class="text-left mb-4 ">Russian President Vladimir Putin signed the country’s Digital Currencies and Digital Rights law on August 4. Most of the legislation will take effect on September 1, 2026.</p><p class="text-left mb-4 ">The law classifies cryptocurrencies as property and allows investors to defend their ownership rights in court. It also creates a legal framework for crypto trading, custody and authorized cross-border transactions.</p><p class="text-left mb-4 ">However, using cryptocurrencies to pay for goods and services within Russia will remain prohibited. The new framework permits crypto assets for investment purposes without recognizing them as legal tender.</p><p class="text-left mb-4 ">Bank of Russia First Deputy Governor Vladimir Chistyukhin said regulated crypto transactions could begin in November. The Moscow Exchange also aims to launch Bitcoin, Ether and USDT trading before the end of 2026.</p><p class="text-left mb-4 ">Licensing requirements will take effect on July 1, 2027. From that date, brokers, crypto exchanges and digital custody providers will need authorization from the Bank of Russia to operate.</p><p class="text-left mb-4 ">Meta Title: Russia Approves Bitcoin, Ether and USDT Trading</p><p class="text-left mb-4 ">Meta Description: The Bank of Russia has approved Bitcoin, Ether and USDT for trading on domestic exchanges under its new regulated crypto framework.</p><p class="text-left mb-4 ">Keywords: Russia, Bitcoin, Ether, USDT, Bank of Russia, cryptocurrency, Moscow Exchange</p>

11 Aug 2026

Crypto Investments Hit Trump Media: Loss Reaches $238 Million

<p class="text-left mb-4 ">Trump Media reported a net loss of $238.1 million for the second quarter of 2026 as the value of its <a href="https://jrkripto.com/tr/analytics" target="_new" rel="noopener" class="text-primary underline">crypto assets</a> declined. The company had posted a loss of approximately $20 million in the same period last year.</p><p class="text-left mb-4 ">Trump Media shares, trading under the ticker DJT, fell more than 8% to $9.39 following the earnings report. Revenue increased from $900,000 to $1.7 million. However, the growth was not enough to offset pressure from crypto assets and operating expenses.</p><p class="text-left mb-4 ">The results came just days after Trump Media halted some of its planned crypto projects with Crypto.com. The companies abandoned plans to establish a CRO-focused digital asset treasury company while also scaling back their ETF and prediction market initiatives.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Crypto assets generated a $116.7 million loss</h2><p class="text-left mb-4 ">Trump Media recorded $116.7 million in realized and unrealized losses on digital assets during the second quarter. Its total crypto-related loss for the first half of the year reached $360.6 million.</p><p class="text-left mb-4 ">According to the company’s <a href="https://www.sec.gov/Archives/edgar/data/1849635/000143774926026777/djt20260630_10q.htm?utm_source=chatgpt.com" target="_new" rel="noopener" class="text-primary underline">SEC filing</a>, Trump Media held 9,477 Bitcoin at the end of June. The company acquired these assets at a cost of approximately $1.01 billion, while their fair value had fallen to $557.1 million by the end of the quarter.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-08-11-161403-113538bb.webp" alt="Ekran görüntüsü 2026-08-11 161403.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Trump Media also held 756.1 million Cronos (CRO) tokens on its balance sheet. These tokens had a cost basis of approximately $113.9 million but were worth only $40.6 million at the end of June.</p><p class="text-left mb-4 ">As a result, the combined market value of Trump Media’s Bitcoin and CRO holdings fell to $597.7 million, compared with a total cost basis of $1.12 billion. Most of the losses reflect unrealized changes in value. Still, the figures highlight how strongly crypto market volatility can affect the company’s balance sheet.</p><p class="text-left mb-4 ">Trump Media increased its Bitcoin position after the quarter ended. The company reported holding approximately 14,139 Bitcoin worth $890.5 million as of July 31.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Crypto.com CRO treasury plan comes to an end</h2><p class="text-left mb-4 ">Meanwhile, Trump Media, Crypto.com and Yorkville mutually terminated their plan to establish a CRO-focused digital asset treasury company on August 7. The parties cited prevailing market conditions and shifting corporate priorities.</p><p class="text-left mb-4 ">The plan involved creating a separate company called Trump Media Group CRO Strategy. The new entity intended to use equity and credit facilities to acquire a large amount of CRO.</p><p class="text-left mb-4 ">The parties also ended an arrangement under which Crypto.com would provide services for certain ETFs planned by Yorkville America. As a result, Crypto.com will no longer supply infrastructure and custody services for those funds. The joint statement noted that Yorkville America’s other existing and planned funds remain unchanged.</p><p class="text-left mb-4 ">However, the relationship between Trump Media and Crypto.com has not ended entirely. The companies replaced their plan to integrate prediction markets directly into Truth Social with a marketing agreement. Crypto.com will continue promoting its prediction market products to Truth Social users.</p><p class="text-left mb-4 ">Trump Media will also retain the CRO tokens it previously acquired. Existing contractual restrictions prevent the company from immediately selling most of its 684.4 million CRO holdings. The first sales window will open on August 26, 2026. The restrictions will ease gradually before expiring completely in August 2029.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Trump Media seeks new sources of revenue</h2><p class="text-left mb-4 ">As management scales back its crypto plans, Trump Media is trying to generate more revenue from Truth Social. On August 1, the company launched Truth API, which provides banks and trading firms with low-latency access to social media data.</p><p class="text-left mb-4 ">Trump Media said it had already signed agreements with more than 10 customers. The company previously considered charging as much as $100,000 per month for access to Truth API.</p><p class="text-left mb-4 ">Trump Media is also working to complete its proposed merger with nuclear fusion company TAE Technologies. The deal could expand the company beyond social media and crypto into the energy sector.</p>

11 Aug 2026

Binance Adds Monitoring Tag to 5 Altcoins: Delist Risk Rises

<p class="text-left mb-4 ">Binance has added a “Monitoring Tag” to five altcoins following its latest reviews. The decision covers Moonbeam (GLMR), ICON (ICX), Moonriver (MOVR), SuperRare (RARE), and Sophon (SOPH).</p><p class="text-left mb-4 ">The exchange said these tokens carry higher volatility and risk than other listed assets. The projects will now face regular reviews and could eventually be delisted if they fail to meet Binance’s listing standards.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Binance places five altcoins under closer review</h2><p class="text-left mb-4 ">According to Binance’s <a href="https://www.binance.com/en/support/announcement/detail/1ec3ae2e21274a92858aa8cf58ae6c3a" target="_blank" rel="noopener noreferrer" class="text-primary underline">August 11 announcement</a>, the following altcoins have received the Monitoring Tag:</p><ul class="list-disc list-inside my-4"><li>Moonbeam (GLMR)</li><li>ICON (ICX)</li><li>Moonriver (MOVR)</li><li>SuperRare (RARE)</li><li>Sophon (SOPH)</li></ul><p class="text-left mb-4 ">The tags will appear on the relevant spot and margin trading pages shortly after the announcement. Binance said other services associated with the tokens will remain unaffected.</p><p class="text-left mb-4 ">The decision does not mean that the assets will be delisted immediately. However, the Monitoring Tag signals that Binance is subjecting the projects to closer scrutiny amid heightened concerns over their risk profiles.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">How does Binance evaluate altcoins?</h2><p class="text-left mb-4 ">Binance evaluates projects across several areas when deciding whether to add or remove a Monitoring Tag. The project team’s continued commitment, the level of development activity, trading volume, and liquidity are among the main criteria.</p><p class="text-left mb-4 ">The exchange also reviews the network’s security against attacks and the stability of its smart contracts. The team’s public communication and responsiveness to Binance’s periodic due diligence requests also influence the assessment.</p><p class="text-left mb-4 ">Unjustified increases in token supply or significant changes to tokenomics can raise a project’s risk profile. Evidence of fraud, negligence, or unethical conduct may also affect Binance’s listing decisions.</p><p class="text-left mb-4 ">Binance did not disclose which specific criteria raised concerns for each of the five projects. The announcement only stated that the decision followed the exchange’s latest reviews.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Altcoins suffer sharp price declines</h2><p class="text-left mb-4 ">All five altcoins covered by the decision were trading lower over the previous 24 hours when the article was prepared. Market data showed that <a href="https://jrkripto.com/tr/coin/movr" target="_blank" rel="noopener noreferrer" class="text-primary underline">MOVR</a> recorded the sharpest decline, falling nearly 17%.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/movrusdt-2026-08-11-13-48-10-af888b8b.webp" alt="MOVRUSDT_2026-08-11_13-48-10.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">ICX dropped by around 10%, while GLMR lost 9%, RARE declined 8%, and SOPH fell 7%. However, broader selling pressure across the cryptocurrency market means the losses cannot be attributed solely to Binance’s announcement.</p><p class="text-left mb-4 ">A Monitoring Tag can weigh on investor sentiment, particularly for altcoins with limited liquidity. If the tag remains in place and a project falls further below Binance’s standards, its risk of being delisted could increase.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">GLMR and MOVR recently underwent a network migration</h2><p class="text-left mb-4 ">GLMR and MOVR stand out as two tokens connected to the same ecosystem. In July, Binance announced that it would end support for deposits and withdrawals through the Moonbeam and Moonriver mainnets.</p><p class="text-left mb-4 ">The exchange supported the migration of both tokens to the Base network at a one-to-one ratio. However, Binance did not establish a direct connection between this migration and its latest Monitoring Tag decision.</p><p class="text-left mb-4 ">The five projects will now undergo periodic reviews. Binance may remove the tag if their risk profiles improve and they meet the exchange’s standards again; deteriorating conditions could eventually result in the termination of spot trading support.</p>

11 Aug 2026

Crypto Treasury Companies Hit the Brakes: BitMine Cuts ETH Purchases, Strategy Sells Bitcoin

<p class="text-left mb-4 ">Public companies accumulating cryptocurrencies have started to ease off their aggressive buying strategies. BitMine Immersion Technologies recorded its smallest weekly Ethereum purchase of 2026, while Strategy sold part of its Bitcoin holdings and used the proceeds to repurchase shares.</p><p class="text-left mb-4 ">Both transactions suggest that crypto treasury companies are placing greater emphasis on capital management alongside digital asset accumulation. BitMine has been buying back its own shares, while Strategy strengthened its cash reserves and retired part of its preferred stock.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">BitMine’s Ethereum purchases slow down</h2><p class="text-left mb-4 ">BitMine, the world’s largest <a href="https://jrkripto.com/tr/coin/eth" target="_blank" rel="noopener noreferrer" class="text-primary underline">Ethereum</a> treasury company, purchased 7,391 ETH last week. Worth approximately $14.2 million, the transaction marked the company’s smallest weekly Ethereum acquisition of 2026.</p><p class="text-left mb-4 ">The purchase lifted BitMine’s total holdings to 5.81 million ETH. The company now controls approximately 4.8% of Ethereum’s total supply. The latest transaction also extended BitMine’s uninterrupted ETH buying streak to 58 weeks.</p><p class="text-left mb-4 ">However, the weekly purchase remained far below the acquisitions of more than 100,000 ETH that the company completed earlier this year. BitMine Chairman Thomas Lee previously said the company would slow its buying pace as it approached its goal of owning 5% of Ethereum’s supply.</p><p class="text-left mb-4 ">BitMine has shifted its focus toward share repurchases during this period. The company bought back 3 million BMNR shares last week for an estimated $50 million to $58 million. Its total share repurchases since July have now reached 19.1 million shares.</p><p class="text-left mb-4 ">BitMine also holds 209 BTC, $104 million in cash and marketable securities, as well as stakes in Beast Industries and Eightco Holdings.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Strategy sells 1,690 Bitcoin</h2><p class="text-left mb-4 ">Bitcoin treasury company Strategy sold 1,690 BTC last week, raising $108.6 million. The Bitcoin was sold at an average price of $64,262 after fees and expenses.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-08-10-173511-2b1805a8.webp" alt="Ekran görüntüsü 2026-08-10 173511.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The company used the entire amount to repurchase shares of its variable-rate preferred stock, STRC. Strategy bought back 1,152,020 STRC shares for $108.6 million.</p><p class="text-left mb-4 ">Following the sale, Strategy’s Bitcoin holdings fell to 840,447 BTC. The company acquired these coins for a total of $63.36 billion at an average purchase price of $75,385.</p><p class="text-left mb-4 ">Strategy also raised another $653.1 million by selling 6.59 million shares of common stock during the same week. It transferred $650 million of the proceeds to its dollar reserve, lifting the balance to $4.65 billion as of August 9.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Companies turn their attention to capital management</h2><p class="text-left mb-4 ">BitMine’s smaller Ethereum purchases and Strategy’s Bitcoin sale point to a new phase in corporate crypto treasury strategies. Companies are placing greater weight on share repurchases, cash reserves and financing costs as they manage their digital asset holdings.</p><p class="text-left mb-4 ">Thomas Lee also expressed disappointment that the CLARITY Act failed to secure a Senate vote before the August recess. Still, he said softer inflation and employment data could ease financial conditions, creating a supportive environment for the crypto market.</p>

10 Aug 2026

Altcoin

Harmony Hit by Supply Shock: 4 Billion ONE Minted as Price Plungesabout 2 hours ago

Regulation, BTC, Altcoin

Russia Opens Local Exchanges to Bitcoin, Ether and USDTabout 20 hours ago

BTC, Altcoin

Crypto Investments Hit Trump Media: Loss Reaches $238 Millionabout 21 hours ago

Altcoin

Binance Adds Monitoring Tag to 5 Altcoins: Delist Risk Risesabout 24 hours ago

ETH, BTC

Crypto Treasury Companies Hit the Brakes: BitMine Cuts ETH Purchases, Strategy Sells Bitcoin2 days ago

Altcoin

Harmony Hit by Supply Shock: 4 Billion ONE Minted as Price Plungesabout 2 hours ago

Regulation, BTC, Altcoin

Russia Opens Local Exchanges to Bitcoin, Ether and USDTabout 20 hours ago

BTC, Altcoin

Crypto Investments Hit Trump Media: Loss Reaches $238 Millionabout 21 hours ago

Altcoin

Binance Adds Monitoring Tag to 5 Altcoins: Delist Risk Risesabout 24 hours ago

ETH, BTC

Crypto Treasury Companies Hit the Brakes: BitMine Cuts ETH Purchases, Strategy Sells Bitcoin2 days ago

Coin Leaderboards

Trend Coins

Biggest Gainers

Biggest Losers

Do you have any questions?Feel free to send us your questions or request a free consultation.Contact Us

PlatformNewsCrypto CalendarEconomics CalendarGlossary

AnalyticsCryptocurrenciesExchangesToken UnlocksPortfolio

CompanyAboutContact UsF.A.Q.

Get the App

Google PlayApp Store

© 2026 All rights reserved

Privacy PolicyTerms of Service