Harmony Exploit, Solana Near-Halt Test Crypto Infrastructure as BTC Stalls
Bitcoin is still going nowhere, trading near $63,864, up 0.72% on the day and holding the same $62,000 to $66,000 band it has occupied for five weeks. Today's more interesting crypto news is infrastructure, not price: Harmony's ONE token was exploited for roughly 4 billion unauthorized tokens, and Solana came close enough to a validator threshold to have halted transaction finality network-wide. Neither event touches bitcoin's or ether's core settlement layers, but both are infrastructure-concentration risk worth pricing into anything adjacent to smaller Layer-1s.
Key Takeaways Harmony's ONE token fell 26% to 40% after an attacker allegedly minted roughly 4 billion unauthorized tokens on Augu…
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