‘Structurally upside down’: Router Protocol’s post-mortem on why bridges can’t pay their bills
Router Protocol says bridge economics are "structurally upside down" as it shuts down by Sept. 30 and burns 303.3 million ROUTE, roughly 30% of supply.
Articles
Purported white hats drain ~4,000 BTC from Liquid Network, leaving L-BTC holders frozen out
Purported white-hat hackers drained roughly 4,000 BTC from the Liquid Network federation wallet, and the sidechain is paused. L-BTC holders cannot redeem while reserves sit near empty.
Harmony Proposes Shutting Down Layer 1, Migrating ONE to Ethereum
Harmony proposed shutting down its own layer-1 blockchain and migrating its ONE token to Ethereum, weeks after an exploit forced the network to discard more than 109,000 transactions.
Coinbase-Backed Router Protocol to Shut Down, Burn 303 Million ROUTE Tokens
Cross-chain infrastructure project Router Protocol will cease operations by Sept. 30 and permanently burn 303 million ROUTE tokens after failing to find a buyer or sustain bridge revenue.
Dollar-Backed Stablecoins Can Push Local Currencies Lower, Bank of Korea Study Finds
A Bank of Korea study finds Binance fiat-stablecoin listings cut local currency premiums and tie dollar-stablecoin demand to local-currency depreciation against the dollar.
National Sheriffs’ Association Drops Opposition, Moves to ‘Neutral’ on CLARITY Act
The National Sheriffs' Association shifted to neutral on the CLARITY Act in a Sept. 4 letter to Senate leaders, removing a law-enforcement objection weeks before a scheduled cloture vote.
IMF Confirms El Salvador’s Bitcoin Growth Since June 2025 Came From Private Donations, Not Public Funds
The IMF now says El Salvador's bitcoin reserves grew through private donations, not public money, a reversal from its earlier claim that coins were merely shifting between government wallets.
CFTC Moves to Dismiss CME Lawsuit Over Crypto Perpetual Futures
The CFTC urged a federal judge to throw out CME Group's lawsuit over Kalshi's crypto perpetual futures, saying the exchange operator hasn't shown concrete financial harm.
Australia Warns Crypto Firms of Fines Up to 10% of Turnover Ahead of Oct. 1 Licensing Deadline
ASIC is enforcing an Oct. 1 licensing deadline for Australian crypto firms, warning of fines up to 10% of annual turnover for unlicensed operators.
FBI Seizes $560,000 in Crypto Tied to Hamas, Takes Over Fundraising Sites
The FBI took control of fundraising domains linked to Hamas's military wing and seized roughly $560,000 in cryptocurrency, according to the Justice Department.