Track market-moving stories before they get noisy

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The Wanchain bridge exploit that briefly sent Midnight’s native token NIGHT to an all-time low on Wednesday has been followed by a 19% rebote, with Charles Hoskinson using the moment to call for a sweeping overhaul of bridge architecture across the industry. According to the original report, Hoskinson said the incident makes clear why crypto needs to move beyond what he called legacy bridge infrastructure and toward zero-knowledge proof systems.

The price swing was violent even by crypto standards. NIGHT touched a record low as news of the exploit swept across trading platforms, then recovered sharply within hours. That kind of recovery isn’t typical after a bridge exploit, where investors usually stay away for days. The bounce may reflect traders betting that the Midnight ecosystem has the will and the technical roadmap to address the underlying weakness that made the attack possible. It also helped that Hoskinson’s immediate response was a technical one, not a damage-control script. His push for ZK-based bridge designs reinforced the narrative that Midnight’s long-term vision includes exactly the kind of security guarantees that could have prevented this breach.

Details of the exploit itself remain thin. Wanchain has not published a full post-mortem, and no loss figures have been confirmed. That opacity keeps a cloud over the rebound. Without clarity on how the bridge was compromised, traders cannot assess whether the vulnerability has been fully closed or if similar bridges in the same category face the same risk. The price recovery could quickly reverse if follow-up disclosures reveal deeper structural problems. For now, markets appear willing to give the project the benefit of the doubt, but that patience has a short half-life in DeFi.

The Bridge Problem That Won’t Go Away Bridge exploits have become one of the most reliable attack surfaces in crypto. The Wormhole hack, the Ronin bridge attack, and multiple smaller incidents have forced the industry to acknowledge that cross-chain infrastructure is still fragile. Each high-profile exploit resets the clock on trust, and while many projects announce audits and upgrades, the fundamental architecture of most bridges relies on external validators or multi-sig schemes that introduce central points of failure. Hoskinson’s argument is that ZK-based bridges remove the need for trusted intermediaries, verifying transactions mathematically rather than relying on a quorum of signers.

The call for ZK overhaul lands at a time when developer activity on infrastructure-focused blockchains is intensifying. Blockchains like Ethereum, Solana, and Cosmos — which regularly appear in lists of top blockchains by developer activity — are seeing more teams build tooling around zero-knowledge proofs. If the Midnight team accelerates ZK integration, it could position NIGHT as a token that benefits from a broader trend toward provably secure bridges. But the timeline matters. ZK systems are complex to implement, and the gap between a post-exploit promise and a shippable product can stretch for months. During that gap, the token will remain exposed to sentiment shifts driven by any follow-up incidents.

Price Action Signals Uneasy Confidence NIGHT’s 19% recovery from an all-time low doesn’t mean the danger has passed. The token was already under pressure from broader market conditions, and the exploit added a layer of project-specific risk. In the short term, the bounce resembles a relief rally anchored to Hoskinson’s reputation and the assumption that Midnight will act. But token recovery after an exploit is often fragile. Traders who pile in expecting a quick return to pre-hack levels can get caught if the team fails to deliver swift technical fixes. This pattern has played out across several small-cap tokens that surged after a crisis only to fade when the initial adrenaline wore off. Weekly gainers lists sometimes feature tokens exactly in this phase, much like other tokens that posted sharp recoveries before facing renewed selling.

The Midnight case also raises the question of whether the market is pricing ZK technology too far ahead of its actual deployment. Hoskinson’s endorsement of ZK proofs isn’t new — he has spoken about the technology for years — but linking it directly to a bridge incident sharpens the narrative. If Midnight can ship ZK-based bridging faster than the broader market expects, the token’s premium might hold. If implementation drags into 2027, today’s rebound could look like a short-lived spike built on a promise rather than a product.

What Comes Next For now, the lack of a detailed incident report leaves several questions unanswered. Was user capital lost? Has the bridge been patched temporarily while a ZK solution is explored? Will Wanchain make architectural changes, or is Midnight’s push entirely separate? Each question feeds directly into NIGHT’s near-term price trajectory. In crypto, a 19% recovery can vanish in a single bad news cycle. The project’s next update — whether it’s a technical roadmap, a security audit, or a community call — will likely determine whether the rebound turns into a floor or a trap. Projects that have tried to recover all-time highs after security crises, like those discussed in recovery-focused price predictions for other tokens, show that the path back requires more than a strong narrative; it demands on-chain proof that the weakness is gone.

Hoskinson’s framing of the hack as an industry wake-up call for ZK bridges aligns with a broader consensus forming among core developers. But converting that consensus into live code on Midnight will be the real test. The market is treating this as a buying opportunity for now, but it’s a trade that comes with a stopwatch. If the post-exploit window closes without concrete deliverables, NIGHT’s rebound might be remembered as a false start rather than the beginning of a structural turn.

AUTHOR

Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.

Upbit Puts Altcoin at Risk of Delisting Following Critical Ledger Flaw

Midnight (NIGHT) token price is up by 9% today, July 22, to trade at $0.021 at the time of writing. These gains come shortly after more than $13 million worth of NIGHT tokens were stolen in a hack on the Wanchain bridge that links Cardano to BNB Chain.

The hack pushed the price of NIGHT to an all-time low of $0.015, but an analyst now forecasts that the token could be on the verge of a massive recovery.

NIGHT Token Rallies as Analyst Eyes More Gains The NIGHT token crashed on July 21 after concerns emerged that the hacker who stole 515 million NIGHT from the Wanchain bridge hack would dump them in the market.

The resulting selling pressure pushed the price of NIGHT to $0.015, but analyst Crypto Dossier now says that this drop created a chance for traders to buy.

The analyst notes that the 39% increase from the record low price of $0.015 to $0.021 between July 21 and July 22 suggests that the NIGHT token is resilient and it could see more gains in the long-term.

“The community saw the dip as an opportunity, bought aggressively, and pushed it back up ~30% from the lows already… This kind of quick recovery shows real strength for the long term,” the analyst said.

This forecast comes after Midnight said it is in talks with exchanges to freeze the stolen NIGHT tokens, with such a move set to reduce the selling pressure.

Despite the optimism, NIGHT price is down by 98% from the all-time high of $1.81.

NIGHT Price Prediction as Bull Flag Pattern Forms The two-hour chart for the NIGHT token shows a bull flag. This pattern usually suggests that the price is cooling off after the recent gains.

This bull flag appeared as the price of NIGHT moved from $0.015 to $0.022. If the price closes above the obstacle at $0.022, it could gain by 63% and reach $0.0358.

The CMF reading of 0.13 suggests that the buying pressure is more than the selling pressure, and this could aid NIGHT token price in closing above the resistance of the bull flag.

However, if more traders sell to take profits, NIGHT price could move below the support of the bull flag at $0.021. This drop could invalidate the bull flag, and NIGHT could drop to the July 21 low of $0.019.

NIGHT/USDT: 2-hour Chart (Source: TradingView) The MACD line that is negative suggests that the momentum is still favoring bears despite NIGHT gaining by 39% from its all-time low of $0.015. This negative sentiment likely stems from escalating geopolitical tensions that are weighing on crypto prices.

NIGHT’s Open Interest Soars Amid Surging Short Bets Data from Coinglass shows that the open interest for the NIGHT token has increased by 10% today, July 22, to $23 million at the time of writing.

This OI has also climbed from $15 million on July 19 to $25 million on July 22, marking its highest reading since June 4.

NIGHT Token Open Interest (Source: Coinglass) The OI is likely rising because of short sellers who are opening new positions to bet that the price of NIGHT token might drop again. This rise in short sellers is shown by the funding rate that has a reading of -0.021.

The long/short ratio for the NIGHT token has also dropped to 0.52 on Binance, which shows that there are more short sellers than long buyers.

This suggests that despite analysts flipping bullish that NIGHT might recover after the recent crash, futures traders are predicting that the token will crash.

Key Takeaways Approximately 515 million NIGHT tokens valued at $13 million were stolen from Wanchain’s Cardano-to-BNB Chain bridge infrastructure on July 21, 2026. Exploiters leveraged a critical signature reuse vulnerability, transforming an authorization for roughly 3,110 NIGHT into more than 203 million tokens — representing a 65,000x amplification. The NIGHT token price plummeted over 30%, reaching an all-time low around $0.016 following mass selling of the compromised assets on DEX platforms. Midnight Foundation verified that its blockchain infrastructure, validator network, and consensus mechanisms remained completely secure — the vulnerability was confined exclusively to bridge operations. Bridge services have been suspended by Wanchain while investigators work on a comprehensive technical analysis report. On July 21, 2026, a significant security breach targeted the Wanchain-managed bridge connecting Cardano to BNB Chain. Malicious actors successfully extracted approximately 515 million NIGHT tokens from the bridge’s treasury, representing roughly $13 million in market value.

Market reaction was swift and severe, with NIGHT experiencing a price decline exceeding 30% in the following day. According to CoinGecko tracking data, the token reached approximately $0.0186, marking a new historical low point.

Midnight (NIGHT) Price Following confirmation of the security incident, Wanchain immediately disabled bridge functionality. The development team announced plans to release a comprehensive incident report with full technical disclosure.

Technical Breakdown of the Exploit Security researchers at BlockSec Phalcon pinpointed a critical vulnerability within the TreasuryCheck validator component deployed by Wanchain’s bridge architecture.

The fundamental issue stemmed from how the bridge constructed signed messages. It concatenated 14 variable-length data fields directly without incorporating delimiters or length indicators. This design flaw created a scenario where different input combinations could generate identical byte sequences and resulting hash values.

Exploiting this weakness, attackers executed a signature replay attack. They repurposed a valid signature originally authorizing approximately 3,110 NIGHT tokens to instead withdraw more than 203 million NIGHT in one transaction — achieving an approximately 65,000-fold multiplication effect.

The compromised tokens were subsequently liquidated across various decentralized exchange platforms, creating intense selling pressure that drove the dramatic price decline.

BlockSec analysts observed that the smart contract already incorporated Cardano’s SerialiseData function, but the bridge implementation failed to utilize it during signature hash construction. Proper implementation of this function would have effectively prevented this attack vector.

Midnight’s Core Infrastructure Remains Intact The Midnight Foundation moved quickly to clarify the scope of the incident. Official statements emphasized that the security compromise was entirely limited to Wanchain’s external bridge solution.

“The incident is isolated to the Wanchain Cardano–BNB bridge and does not involve the Midnight Network itself,” the foundation said.

Throughout the entire security event, Midnight’s underlying protocol, validator operations, consensus architecture, and fundamental infrastructure maintained complete operational integrity.

The stolen assets originated from the bridge’s reserve holdings used to facilitate cross-chain transactions — not from any modification to NIGHT’s maximum supply cap, which remains fixed at 24 billion tokens. The affected volume of approximately 515 million tokens represents roughly 2% of the total token supply.

Midnight activated its mainnet in March 2026. The network functions as a privacy-oriented partner chain within the Cardano ecosystem, employing a dual-token economic model centered on NIGHT and DUST tokens.

Following the mainnet deployment, NIGHT experienced price appreciation exceeding 20%. The bridge compromise has eliminated a significant portion of these earlier gains.

2026’s Growing Bridge Security Crisis This Wanchain incident represents another chapter in an expanding series of bridge-related security failures throughout 2026. Humanity Protocol experienced a $31 million loss when attackers compromised multisig wallet credentials through an infected employee device. Gnosis Pay disclosed a $1.8 million breach impacting more than 5,000 user wallets, though the platform provided complete reimbursement to all victims.

Prior to this security breach, Wanchain had maintained cross-chain operations spanning dozens of blockchain networks for more than eight years without experiencing a major security incident.

Critical upcoming developments include Wanchain’s detailed technical post-mortem publication, potential victim compensation strategies, and whether NIGHT can achieve price stabilization and recover on-chain activity metrics in upcoming trading sessions.

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The bridge connecting Cardano’s ecosystem to the privacy blockchain Midnight has been hit by an exploit that drained roughly 515 million NIGHT tokens from its treasury. Within hours of the detection, the token dropped more than 30% intraday to around $0.016, setting a new all-time low. At current prices, the stolen tokens are worth approximately $9 million. The original report by BlockSec’s Phalcon monitoring flagged the unusual outflow on the Wanchain Cardano bridge and pointed to a specific validator design flaw that attackers likely leveraged.

How the Exploit Worked Initial analysis suggests the root cause lies in non-injective signed-message encoding inside the TreasuryCheck validator. This kind of encoding can allow signature reuse attacks, where a valid signature for one transaction is replayed to authorize another, unauthorized transfer. In bridge architectures that rely on validator signatures to confirm cross-chain withdrawals, a single slip in message construction can break the trust model completely.

The exploit emptied the bridge treasury, not individual user wallets. Yet the indirect hit arrived fast: holders of NIGHT faced immediate dilution and a rush to exit. Liquidity on decentralized and centralized venues thinned as the token slid to levels never seen before.

NIGHT’s Record Low and What It Means NIGHT is the native token of Midnight, a privacy-focused blockchain incubated by Input Output (IO), the company behind Cardano. The project has been pitched as a confidential-computing sidechain where zero-knowledge proofs protect user data. Bridge infrastructure is essential for moving assets between Cardano and Midnight, so the exploit strikes at a core piece of the interoperability design. The token’s collapse highlights how fragile liquidity can be when a bridge—often the primary on/off-ramp for a smaller ecosystem’s asset—is compromised.

Traders who entered early Midnight allocations are now sitting on a position that lost a third of its market value in one day. While the stolen sum of $9 million may seem modest compared to nine-figure bridge hacks from previous cycles, the damage to confidence may end up costing the project more.

Bridge Risks Across Cardano’s Expanding Surface The timing is uncomfortable for the broader Cardano ecosystem. Even as developer activity on the network stays among the strongest in the industry—something BlockchainReporter recently tracked—the bridge layer continues to present an unresolved attack surface. Bridges remain the most-attacked infrastructure in crypto, and the Cardano ecosystem, with its growing number of sidechains and connected networks, inherits that risk.

Cross-chain security has become an even more urgent topic as real-world asset tokenization expands. The latest tokenization figures show on-chain RWA value crossing $20 billion, a milestone that means bridges are no longer only moving speculative tokens—they are moving tokenized equities, bonds, and credit. A signature reuse flaw on a bridge that touches such assets would have far more severe consequences.

For now, the focus is on the Wanchain team and Midnight developers to clarify whether funds can be frozen or recovered and how the validator code will be patched. The market, meanwhile, has already repriced the risk. NIGHT’s recovery prospects depend on a transparent post-mortem and convincing technical remediation. Until then, the token is likely to trade under a cloud of uncertainty.

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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.

A major exploit hit the Wanchain-operated bridge connecting Cardano and BNB Chain on July 21, 2026. Attackers drained approximately 515 million $NIGHT tokens, worth around $13 million, from the bridge treasury. This sent $NIGHT tumbling more than 30% to a record low near $0.016. Wanchain has taken the bridge offline and is investigating. The Midnight Foundation confirmed the Midnight network itself remains fully secure.

Signature Reuse Flaw Allowed 65,000x Token Inflation in Single Transaction The Wanchain bridge has operated across dozens of blockchains for over eight years without a major incident. Its integration with Cardano was part of a broader push to expand Cardano’s cross-chain capabilities.

When Cardano founder Charles Hoskinson announced the Midnight token launch. The project drew significant attention as a privacy-first sidechain within the Cardano ecosystem.

The bridge later enabled deeper interoperability for assets like RLUSD on Cardano through its cross-chain bridge integration. The aim is to reinforce its role as a key infrastructure player.

On-chain forensics firm BlockSec Phalcon identified the root cause as a non-injective signed-message encoding flaw in the TreasuryCheck validator.

The Wanchain bridge built its signed message by raw concatenating 14 variable-length redeemer fields without delimiters or length prefixes. This allowed different field-value combinations to produce an identical byte string and hash, enabling signature reuse attacks.

Wanchain @wanchain_org Cardano bridge was reportedly being attacked, with ~515M $NIGHT drained from the bridge Treasury.

Our initial investigation suggests that the root cause seems to be a non-injective signed-message encoding in the TreasuryCheck validator. The signed message… https://t.co/bnWEnw3Dxc pic.twitter.com/PQFAN6lRn9

— BlockSec Phalcon (@Phalcon_xyz) July 21, 2026

The attacker reused a legitimate signature that authorized only ~3,110 NIGHT to extract over 203 million NIGHT in a single transaction, a roughly 65,000x inflation effect driven by field-boundary manipulation.

They then dumped the drained tokens on decentralized exchanges, triggering the sharp price collapse.

Analysts tracking the NIGHT token price outlook had previously flagged Midnight’s growing traction as a tailwind for Cardano; this incident now tests investor conviction in that thesis.

Wanchain’s team confirmed the breach, took the bridge offline, and stated it is preparing a detailed update.

The Midnight Foundation was quick to clarify that the exploit was fully isolated to third-party bridge infrastructure and had no impact on the Midnight network, its validators, consensus mechanism, or core protocol.

Cross-Chain Bridge Risk Resurfaces, But Midnight Protocol and Cardano Remain Unscathed Community reaction on X has been swift and largely clear-eyed: the exploit reflects a bridge security design failure, not a flaw in Cardano or the Midnight protocol.

Midnight’s consensus, validators, and core infrastructure were never at risk. The breach was confined entirely to the Wanchain-operated third-party bridge layer, a critical distinction investors should not overlook.

Roughly 2% of NIGHT’s total supply, approximately 515 million of ~24 billion tokens, was affected through the bridge treasury, not from circulating supply.

That context matters. The token’s sharp drop reflects panic selling, not a fundamental compromise of the network or its utility.

Investors who had been tracking Cardano’s privacy ecosystem momentum may view the dip as a tactical entry point, given the underlying protocol remains fully intact and operational.

The incident also arrives as Wanchain is gaining recognition in interoperability circles as a potential cross-chain listing candidate for major exchanges.

That trajectory is now likely paused until a credible post-mortem and recovery plan are published.

Security notice regarding the Cardano ↔ BNB Chain Bridge. pic.twitter.com/tUrSnXg5VN

— Wanchain (@wanchain_org) July 21, 2026

This is not the first time bridge infrastructure has buckled under the weight of a smart contract flaw in 2026. Humanity Protocol suffered a $31M exploit a month ago after an employee’s laptop was hacked. The hack granted attackers access to multisig wallet keys that controlled its Ethereum and BNB Chain bridges, enabling unlimited token minting.

Also in June 2026, Gnosis Pay confirmed a $1.8M attack that hit 5,281 wallets via a Zodiac module vulnerability present since 2023.

Unlike many exploits, Gnosis Pay refunded 100% of user funds, a response that set a positive precedent. CoinGape covered how Gnosis Pay handled the $1.8M crypto attack and the security changes the platform introduced in response.

Taken together, the Wanchain incident fits a recurring 2026 pattern of bridge and infrastructure exploits that punish connected tokens severely while leaving core Layer-1 protocols untouched.

For $NIGHT holders and Cardano bulls, the key signals to watch now are Wanchain’s forthcoming post-mortem, any compensation or bridge resumption timeline, and whether on-chain NIGHT activity stabilizes in the days that follow.

If you’re hunting for early-stage opportunities, check out our list of the best crypto presales.

Cardano (ADA) price is up by 7.1% today, July 21, to trade at $0.175 at the time of writing. These gains come despite a hack on the Wanchain bridge that links Cardano with BNB Chain. This hack also comes barely one month after the SecondFi protocol lost $2.4 million in an exploit that occurred on June 24, 2026.

However, while ADA price is gaining, the NIGHT token is down by 25% amid reports that the recent hack drained $13 million worth of NIGHT tokens from the bridge.

Cardano Gains, NIGHT Token Crashes After Wanchain Bridge Exploit Data from CoinMarketCap shows that the NIGHT token dropped from $0.026 to $0.019 on July 21 after reports of an exploit on the Wanchain bridge.

NIGHT/USDT Chart (Source: TradingView) The drop comes after reports that the attackers stole 515 million NIGHT tokens from the bridge’s treasury. This moved some holders to start dumping their ADA holdings as speculation grew that the hackers might sell these tokens.

But while the price of NIGHT dropped to a record low of $0.015, Cardano price gained by 7% because the hack did not take place on Cardano’s layer-one network.

Besides, Cardano has been on an uptrend since the Van Rossem hard fork occurred on the Cardano network on June 19. This hard fork paves the way for a Leios upgrade that could make Cardano 60 times faster.

Cardano Price Breaks Resistance as Momentum Shifts Bullish The price of Cardano has moved to resistance at the middle Bollinger band of $0.15. The last time that ADA moved above this band was on July 2, and the price later gained by 33% to $0.20.

If ADA repeats this trend, closing above the resistance at the middle band could push it to the upper band of $0.18.

The RSI reading of 56 also supports that the long-term Cardano price forecast is bullish. This RSI has also created a higher high, suggesting that there is more buying pressure than selling pressure.

ADA/USDT: 1-day Chart (Source: TradingView) If this buying pressure remains high even after Cardano closes above $0.18, the next bullish leg could be a run to the June 4 high of $0.20.

But if this bullish thesis fails and profit-takers start to sell, Cardano might drop to the lower Bollinger band of $0.15.

Cardano DeFi TVL Sheds 100M ADA Data from DeFiLlama shows that the TVL on Cardano has dropped from 512 million ADA on July 1 to 407 million ADA on July 21.

This TVL has shed 105 million ADA in July 2026 alone, with these tokens being worth $17.85 million at the current price of Cardano.

Cardano DeFi TVL (Source: DeFiLlama) However, the recent hack on the Wanchain bridge has caused a slight surge in DEX volume on Cardano from $549,000 on July 19 to $35 million on July 21.

The stablecoin market cap on the network has also climbed from $58 million on July 8 to $62 million at the time of writing.

Samsung’s hybrid bonding technology is expected to be used in NVIDIA’s next-generation Feynman AI accelerator, with the chip featuring custom HBM.

Samsung Electronics has commenced construction of a Die-to-Wafer (D2W) hybrid bonding production line at its P5 plant in Pyeongtaek, targeting advanced packaging for next-generation High Bandwidth Memory (HBM) and logic semiconductors. Samsung’s top pick for core equipment suppliers is Dutch firm Besi; the company plans to procure around 50 hybrid bonding machines, each priced at roughly 6 billion won (about $4.3 million) — twice the cost of competing products. However, negotiations have moved slowly due to Samsung’s demand for custom modifications to the machine architecture, and Besi, which also supplies TSMC and Micron, is cautious about modifying equipment exclusively for Samsung. Samsung is simultaneously evaluating local alternatives: its subsidiary SEMES has completed development of D2W hybrid bonding machines and delivered samples for validation earlier this year. Hanwha Semitech finished developing its second-generation "SHB2 Nano" in February, and sent samples to SK Hynix in April. Its cluster system integrating Equipment Front End Module (EFEM), plasma activation, and cleaning modules offers distinct competitive advantages. This technology replaces traditional thermocompression bonding with hybrid copper bonding, enabling direct bonding of copper and dielectric materials and drastically shortening interconnect lengths. Its core application is custom HBM: vertically stacking HBM DRAM layers directly on logic dies containing customers’ computing circuits and intellectual property (IP) to form 3D system-in-package (SiP) solutions. Citrini analyst Jukan stated that hybrid bonding is expected to be used in NVIDIA’s next-generation AI accelerator Feynman, which will adopt custom HBM, with the technology’s deployment timeline "pushed back from HBM4E". Samsung’s internal projections indicate large-scale commercialization will not be achieved until around 2029–2030, a timeline that aligns with NVIDIA’s expected window for Feynman.

5 minutes ago

Trump could impose new tariffs on dozens of countries as early as this week.

According to the Financial Times, US President Donald Trump will impose new tariffs on dozens of countries as early as this week.

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TrendForce forecasts that the NAND flash memory supply shortage will ease in 2027.

High-tech industry research firm TrendForce points out that while servers account for over 40% of total NAND flash demand, smartphones and laptops combined still make up nearly 40%, continuing to significantly impact overall demand. On the inventory front, memory manufacturers’ stock levels remain relatively low. Though module manufacturers’ inventories have risen due to weak consumer market conditions, inventories held by other buyers stay controllable. Taking all these factors into account, TrendForce projects the NAND flash bit supply-demand gap will hold at 4%–5% in 2026, signaling ongoing supply shortages. However, the gap is expected to turn positive in the second half of 2027, alleviating supply tightness.

5 minutes ago

China's National Supercomputing Internet recently launched the API call service for the Kimi K3 model.

According to monitoring by Beating (Dongcha), China’s National Supercomputing Internet recently launched the Kimi K3 model API calling service. Enterprises and developers can quickly access large language model (LLM) capabilities without cumbersome environment configuration. The API is compatible with OpenAI and Anthropic interface specifications, enabling fast, low-cost deployment of diverse AI applications. Additionally, the Supercomputing Internet has rolled out the 100,000-Creation Plan, providing one-stop Model as a Service (MaaS) offerings.

5 minutes ago

Samsung reportedly starts supplying V10 NAND flash memory to Nvidia.

Samsung Electronics is expanding its collaboration with Nvidia in the NAND flash memory sector. Industry sources revealed that Samsung has built V-NAND production capacity exceeding 100,000 wafers per month and is mass-producing its 10th-generation V10 products for supply to Nvidia. It is reported that Samsung has allocated approximately 60% of its V-NAND production capacity to V9 flash memory, a move aimed at meeting Nvidia’s demand for NAND for its CMX products set to launch in the second half of the year. In addition, Samsung has started trial production of 500-layer V11 flash memory; the trial production began earlier this year, and the company plans to double the related output in the second half of the year.

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Serenity analyzes AMD’s MI500 and CPO roadmap: A clear commitment to optical interconnects would be an industry-wide positive development.

AMD will host its Advancing AI event in San Francisco from July 22 to 23, where more details about its MI500 series GPUs and scale-up Co-Packaged Optics (CPO) roadmap are set to be unveiled. In response to community queries, Serenity noted that if AMD explicitly commits to a CPO solution and discloses its optical engine supplier at the event, it will be a major positive for the entire CPO ecosystem—meaning NVIDIA is no longer the sole player driving the optical interconnect transition. Jefferies analyst Blayne Curtis currently expects AMD to partner with Astera Labs on UAL and Broadcom on ESUN, but the key watchpoint is whether AMD will officially shift to a CPO-based scale-up design and who will supply the optical engine. Serenity added that a clearer supply chain picture will only emerge after the event (held Wednesday and Thursday), so conclusions are premature for now. For Sivers, its supply chain ties to AMD’s CPO plans can only be inferred indirectly at present: first, GlobalFoundries (GF) is rumored to be involved in AMD’s MI500 CPO work, and Sivers is GF’s reference laser supplier; second, AMD has previously invested in Ayar Labs. If AMD confirms at the event that it will use Ayar Labs or GF’s SCALE as the optical engine for the MI500 CPO, it will be a massive boost for Sivers, which holds a core role as an upstream laser and reference laser supplier in both potential paths. The upcoming MI500 is expected to adopt a native UAL scale-up architecture, supporting 256 GPUs per rack and interconnected via optical links. Sivers has been steadily securing positions across multiple tech tracks this year, including CPO, pluggable optical modules, and silicon photonics. If AMD’s event confirms Sivers’ indirect entry into the supply chain, it will further validate the company’s full-scenario layout logic in the optical interconnect sector.

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515 Million NIGHT Tokens Drained in Bridge AttackWanchain's bridge connecting Cardano to BNB Chain was exploited on July 21, 2026, with approximately 515.2 million $NIGHT tokens drained from the bridge treasury. The stolen tokens were worth roughly $13 million at pre-exploit prices. CoinGecko data showed the token trading near $0.0186 after the incident, placing the value of 515 million NIGHT closer to $9 million to $10 million at prevailing prices.

The incident unfolded in just four rapid transactions over an eight-minute window. BlockSec Phalcon traced the attacker's redeemer back to a legitimate BSC transaction that authorized only around 3,110 NIGHT, with the same signature then reused on Cardano to extract more than 203 million NIGHT through field-boundary ambiguity in the raw-concatenated hash. The attacker funneled stolen tokens into a primary wallet on Cardano before aggressively liquidating roughly 90% of the haul through DEX swaps and DeFi protocols.

Validator Flaw at the Root of the ExploitBlockSec's monitoring revealed that the attack exploited a vulnerability in the TreasuryCheck validator's signature message encoding. The issue arose from the raw concatenation of 14 variable-length redemption fields without delimiters, allowing different field combinations to produce identical byte strings and reuse the same hash and signature. BlockSec confirmed the vulnerability by analyzing on-chain Plutus V2 bytecode and decoding the attack transaction's redemption data, noting that use of Sha3_256(SerialiseData(...)) could have prevented this by providing clear CBOR-encoded field boundaries.

Wanchain confirmed it was aware of an incident affecting the Cardano BNB Chain bridge, resulting in the withdrawal of NIGHT tokens from the bridge contract on Cardano, and said the bridge was taken offline while the team investigates. Midnight said its core network remained secure, describing the incident as isolated to bridge infrastructure.

NIGHT is Midnight's native governance token and also generates DUST, the network resource used for transactions and smart contract execution. Midnight operates as a privacy-focused Cardano partner chain with a dual-token economic model, and launched its mainnet in March 2026. NIGHT sold off sharply as reports of the bridge incident spread, falling more than 30% within 24 hours to a record low near $0.016.

Wanchain originally launched cross-chain support for NIGHT between Cardano and BNB Chain in December 2025. The latest bridge incident has brought renewed attention to the risks created when native assets move through third-party infrastructure.

Sources:
Crypto.news: Wanchain Cardano bridge exploit drains 515M NIGHT
CryptoTimes: Wanchain Cardano Bridge Exploited
Phemex News: Wanchain Cardano Bridge Hacked

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Table of contents

In a strategic move to address friction within the multifaceted DeFi environment and provide users with seamless experiences, Wanchain, a decentralized multi-chain blockchain platform, today announced an important strategic integration with Rango Exchange, a cross-chain DEX aggregator. This collaboration enabled Wanchain to integrate Rango Exchange’s cross-chain DEX aggregation infrastructure to further advance its interoperability and liquidity capabilities, aiming to enhance the effectiveness of its all-in-one blockchain network that allows users to interact with a wide range of chains and assets efficiently in a non-custodial manner.

Wanchain operates as a decentralized blockchain interoperability platform built to efficiently connect isolated networks, enabling users to smoothly move assets and applications across different DeFi ecosystems.

‼️New integration‼️

We are happy to announce that @RangoExchange has officially integrated Wanchain into its crosschain aggregator & DEX!

In this integration, Rango will utilize WanBridge & xFlows to support crosschain transactions across both EVM & non-EVM chains ⛓️

🧵1/3 pic.twitter.com/Gk4RqFuwe3

— Wanchain (@wanchain_org) June 26, 2026 Wanchain Solves Liquidity Fragmentation with Rango Exchange Through its partnership with Rango Exchange, Wanchain aims to expand the efficiency of its cross-chain interoperability platform, especially in key areas such as token swap, liquidity fragmentation solution, and bridge risk mitigation. In the large DeFi world, various assets exist on various chains, and so their liquidity (trading volume and pools) is split among different networks. However, the liquidity fragmentation concern arises when some chains have full order book depth while others have inadequate, causing problems, including higher slippage and poorer price discovery for huge trades. This situation normally forces users to look for liquidity across networks, a complicated process involving manual bridging and numerous swaps. This fragmentation problem often causes users painful experiences as traders struggle to find the best prices, developers encounter difficulty integrating separate markets, and institutions experience lower capital efficiency as liquidity spreads thin across gateways.

These issues explain why Wanchain integrated Rango Exchange’s multi-chain DEX aggregation infrastructure. Rango, with its cross-chain DEX aggregator, has the proficiency in connecting multiple DEXs and bridges, providing one-stop routing for multi-chain swaps. Therefore, the integration of Rango Exchange helps unify fragmented liquidity across networks connected with Wanchain, allowing users on Wanchain to access better yield opportunities across networks without manually bridging and switching wallets. This tech fusion means Rango’s DEX aggregator automates the multi-step process, making cross-chain trading on Wanchain smooth, and assists users in finding better prices from the combined liquidity of multiple chains. As a result, the integration of Rango’s DEX aggregator makes a seamless user experience on Wanchain and connected cross-chain networks, despite the underlying liquidity remaining on separate chains.

Advancing DeFi User Experience with Cross-Chain Liquidity Solutions   With its partnership with Rango Exchange, Wanchain aims to unlock new opportunities for customers and increase their capital efficiency in the larger DeFi landscape. DeFi clients always look for new opportunities to make the most of their asset holdings. Hence, this collaboration with Rango’s cross-chain DEX aggregator is set to further open up a huge volume of locked capital and bring a huge amount of liquidity for multi-chain trading on Wanchain.

The alliance between Wanchain and Rango Exchange showcases that liquidity aggregation is a crucial component in the multichain DeFi space. This makes fragmented markets unified and frictionless, consequently helping to decrease arbitrage gaps, minimize slippage, and allow large trade executions without severe impact.                          

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.

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VeChain’s layer-1 blockchain platform VeChainThor is integrating Wanchain as a cross-chain bridge partner, allowing it to connect to over 40 blockchains as it eyes liquidity expansion.

The integration brings Wanchain’s decentralized interoperability infrastructure to VeChainThor, with VeChain (VET) and other native tokens set to benefit from further adoption across decentralized exchanges, staking platforms, and liquidity pools.

VeChain said in a post on X that it is also eyeing adoption for its tokens across lending protocols and other ecosystems in the rapidly expanding decentralized finance market.

“Partnering with VeChain to launch their first-ever cross-chain bridge is a game-changer for their blockchain interoperability,” said Temujin Louie, chief executive officer of Wanchain. “This integration connects VeChainThor to the most used chains, unlocking seamless asset transfers and fuelling news kinds of real-world focused innovation.”

As well as VET, other VeChain assets that could get a boost from the cross-chain integration include VTHO and B3TR, the VeChain team noted.

Wanchain bridge to connect VeChainThor to 40 blockchains VeChainThor is an enterprise-ready layer-1 smart contracts blockchain that launched its mainnet in 2018 and has seen significant adoption since. The platform is eyeing further growth via the Wanchain cross-chain bridge.

Specifically, integrating Wanchain’s bridge allows VeChainThor to connect to more than 40 blockchains. The interoperability of Ethereum Virtual Machine and non-EVM support includes top chains such as Bitcoin, Ethereum, Solana, XRP Ledger, and BNB Chain.

The VeChain-Bitcoin bridge will support BTC, while the VeChain-Ethereum bridge will support ETH, USDC, USDT, VET, VTHO, and B3TR.

“This initial, extensive coverage opens up substantial liquidity channels and integration pathways across a wide range of DeFi markets and use cases,” the platform wrote.

According to VeChain, this broad support could be a major move for VET, VTHO, and B3TR.

The partnership with Wanchain comes days after the launch of StarGate, an institutional-grade staking platform. It adds to VeChain’s key upgrades and web3 growth initiatives.

Notably, StarGate’s unveiling on July 1, 2025, has helped the total value locked on VeChain increase by more than $100 million.

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Ripple’s RLUSD stablecoin is now available in the Cardano ecosystem through an integration by the cross-chain bridge Wanchain. This development comes amid the Cardano ecosystem’s plans to integrate more stablecoins on the network, while Ripple is also eyeing expansion of its stablecoin beyond the XRP Ledger (XRPL) and Ethereum.

Ripple’s RLUSD Now Available On The Cardano Network In an X post, Wanchain revealed that its cross-chain bridge now supports the RLUSD stablecoin. With the integration, users will be able to bridge the stablecoin directly from the XRPL network to the Cardano network. Furthermore, they can bridge the stablecoin from Ethereum to Cardano.

Additionally, users can bridge Ripple’s RLUSD stablecoin on XRPL or Ethereum to Wanchain and then route it from the bridge to the Cardano network. The bridge also enables bridging from the XRPL to the top Layer-1 network, Ethereum.

It is worth noting that RLUSD is currently issued natively only on the XRPL and Ethereum networks. However, Ripple announced plans last year to expand the stablecoin to Ethereum layer-2 networks, including Base, Optimism, Unichain, and Ink. The firm also noted that testing on these chains will begin in partnership with Wormhole.

RLUSD currently ranks as the 8th largest stablecoin, with a market cap of $1.5 billion. Most of the stablecoin’s supply currently sits on the Ethereum network, while 382 million tokens are in circulation on the XRP Ledger.

Boost For Cardano’s Ecosystem Ripple’s RLUSD becomes the second tier-1 stablecoin available to Cardano users, following USDC’s launch on the network earlier this year. It is worth noting that Cardano’s stablecoin market cap has climbed to $50 million following the launch of USDC.

The network’s DeFi TVL had also climbed when USDC launched on the network and could rise again, with network users now able to access RLUSD through the cross-chain bridge. Interestingly, Cardano’s founder, Charles Hoskinson, has long teased plans to integrate RLUSD natively into the network, though that has yet to happen.

Meanwhile, amid RLUSD gaining access to the Cardano ecosystem, Cardano stakeholder Input Output has put nine proposals forward in a bid to scale the network. Notably, none of them focuses on stablecoin integrations, with the highlight being the Leios upgrade, which developers aim to use to scale the network to 27 million monthly transactions by 2030.

Ripple’s US dollar-pegged stablecoin, RLUSD, can now move seamlessly across new networks following its integration with Wanchain’s bridge infrastructure. Users are now able to transfer RLUSD between the XRP Ledger, Ethereum, Cardano, and Wanchain networks, greatly improving cross-chain mobility. This marks a pivotal shift for Ripple, taking its stablecoin beyond the confines of its native platforms.

RLUSD gains momentum with Wanchain’s cross-chain bridgeAccording to an official statement from Wanchain, RLUSD is now transferable across multiple major blockchains via their bridge protocol. While RLUSD is minted natively on the XRP Ledger, the new integration enables its movement to Cardano, Ethereum, and Wanchain networks. Similarly, the Ethereum-based RLUSD can now traverse to Cardano and Wanchain using this infrastructure.

Currently, RLUSD is issued directly only on the XRP Ledger and Ethereum. However, the recent bridge integration lets users shift liquidity between blockchains without relying on centralized intermediaries. As stablecoins continue to gain traction in payments, trading, and decentralized finance (DeFi), such cross-chain compatibility becomes increasingly vital for users.

With this new support, RLUSD holders can move their assets from the XRP Ledger to Cardano through Wanchain’s infrastructure. RLUSD minted on Ethereum can also be integrated into the Cardano ecosystem via the same bridge. In addition, RLUSD available on the Wanchain network can now flow in both directions with Cardano.

Rising appeal of cross-chain bridgesWanchain has been focusing on interoperability and bridge solutions between blockchains for some time. The inclusion of RLUSD in its system brings Ripple’s stablecoin to a broader audience. Notably, Cardano has recently taken significant steps to expand access to dollar-backed assets within its ecosystem.

This bridge infrastructure also allows direct transfers between RLUSD on the XRP Ledger and Ethereum. For users managing liquidity across multiple blockchains, this reduces the hassle of executing additional swaps when navigating between various DeFi platforms and blockchain applications.

Ripple’s multi-chain stablecoin ambitionsThe integration supports Ripple’s multi-chain rollout strategy for RLUSD. Ripple previously disclosed plans to expand RLUSD over time to additional Ethereum-compatible layer-2 networks such as Base, Optimism, Unichain, and Ink. These deployments are currently being tested through a collaboration with Wormhole.

RLUSD has also made its way into the exchange landscape. Since early April, it has been tradeable on Coinone, allowing South Korean investors direct access to the stablecoin with Korean won. This move signaled Ripple’s entry into regulated stablecoin markets in Asia.

Beyond transfers, RLUSD has found new use cases in various applications. On the Bitrue exchange, it can now be used as collateral in futures markets, offering users a stable asset for leveraged trading and wider participation in derivative products.

Mastercard, meanwhile, is exploring options with RLUSD as part of its initiative to implement stablecoins into blockchain-based payment systems. While no formal launch has occurred yet, this reflects interest from major corporate players in utilizing Ripple’s stablecoin for institutional partnerships, beyond traditional token transfers.

Currently, RLUSD has achieved a market capitalization of roughly $1.5 billion, making it the eighth largest stablecoin in existence. While most tokens circulate on Ethereum, there are 382 million RLUSD in supply on the XRP Ledger. The Wanchain bridge integration has considerably broadened RLUSD’s access across multiple blockchains.

In its statement, Wanchain highlighted that by adding RLUSD to its bridges, it enables users to easily transition between important blockchains, aiming to increase RLUSD’s footprint within more diverse ecosystems.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Wanchain has integrated Ripple stablecoin, RLUSD, into its cross-chain bridge, expanding connectivity beyond the XRP Ledger (XRPL) and Ethereum. 

Specifically, Wanchain now enables RLUSD to move seamlessly across additional networks, including Cardano. This upgrade strengthens the stablecoin’s utility and positions it as a more versatile asset within the multi-chain landscape.

Key Points Wanchain integrates RLUSD into its cross-chain bridge, expanding its reach beyond XRPL and Ethereum. The integration allows RLUSD to move across XRPL, Cardano, Ethereum, Wanchain, and several other routes. Ripple is currently making moves to expand RLUSD access to more networks, with mainnet deployment on Ethereum L2 networks like Optimism expected this year. RLUSD currently holds a $1.6 billion market cap, with trading volume surging over 91% in 24 hours to $80.45 million. Wanchain Expands RLUSD Availability Beyond XRPL and Ethereum In a tweet, Wanchain announced adding RLUSD to its bridge infrastructure, enabling smooth two-way transfers across multiple blockchains.

Consequently, users can now move RLUSD between the XRP Ledger and Cardano, XRPL and Wanchain, Ethereum and Cardano, Ethereum and Wanchain, Wanchain and Cardano, as well as XRPL and Ethereum. This expanded routing significantly enhances the token’s cross-chain accessibility.

Moreover, the integration highlights ongoing efforts toward a multi-chain financial system. Instead of operating in the Ethereum and XRPL ecosystems alone, RLUSD now circulates across interconnected platforms, improving liquidity flow and user flexibility.

Ripple Plans RLUSD Debut on Multiple Blockchains Meanwhile, the move aligns with Ripple’s strategy to extend RLUSD’s reach beyond its native ecosystems. That vision gained traction in December when Ripple partnered with Wormhole, leveraging its NTT token standard to expand the stablecoin to Ethereum Layer-2 networks, including Optimism and Base.

While testing remains ongoing, Ripple plans a full mainnet rollout once it secures the necessary regulatory approvals. Now, with Wanchain’s integration, RLUSD’s accessibility has widened further to include Cardano and Wanchain’s own network.

RLUSD Volume Spikes 91% Since its launch in December 2024, RLUSD has rapidly gained traction in the crypto market. It has secured listings on major exchanges, including Binance, Bitget, Kraken, HashKey, and Coinone.

Currently, RLUSD has a market cap of $1.6 billion, ranking it as the 44th-largest token globally and the eighth-largest stablecoin. In addition, its trading activity has surged, with volume jumping over 91% in the past 24 hours to reach $80.45 million—an indication of rising demand and market engagement.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Binance Delisting Wipeout: 6 Altcoins Crash After Exchange Pulls the Plug

Binance flagged seven tokens with its Monitoring Tag on April 14, triggering an immediate selloff across all affected assets.

The tokens include Harvest Finance (FARM), Highstreet (HIGH), Enzyme (MLN), Resolv (RESOLV), Syscoin (SYS), TrueFi (TRU), and Velodrome Finance (VELODROME). The designation signals elevated volatility and potential removal from the exchange.

7 Altcoins at Risk for Binance DelistingMarket reaction was swift following the announcement. SYS dropped 11.53% within minutes, leading the decline. MLN fell 6.89%, while VELODROME shed 6.09%.

HIGH lost 5.69%, RESOLV declined 4.99%, and TRU slipped 3.80%. FARM recorded the smallest drop at 2.00%.

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Altcoins Decline After Binance Adds Monitoring Tags. Source: TradingViewBinance’s Monitoring Tag has previously served as a warning signal for full removal. The exchange placed Beefy.Finance (BIFI) and Measurable Data Token (MDT) under the tag in June 2025.

FunToken (FUN) and Orchid (OXT) received it in March 2026. All four were confirmed for delisting on April 23, alongside FIO Protocol (FIO) and Wanchain (WAN).

That April 9 delisting notice triggered even sharper losses, with FUN crashing 27% and MDT dropping 22% within minutes.

“Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens. These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” Binance wrote.

Traders who wish to continue accessing the flagged tokens must now pass a quiz every 90 days on the Binance Spot or Margin platforms and accept the updated Terms of Use.

“The quizzes are set up to ensure users are aware of the risks before trading tokens with the Monitoring Tag or Seed Tag,” the exchange said.

In the same update, Binance also announced it will remove the Seed Tag from Tether Gold (XAUT). The Seed Tag designates newer, higher-risk listings and differs from the Monitoring Tag. Its removal signals that XAUT has met the exchange’s criteria.

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