Crypto scammers created a counterfeit version of the Upbit-backed GIWA blockchain and tricked DYORSWAP into integrating it, leading to the theft of approximately 767 ETH (about $2 million) from over 1,300 wallets that bridged funds to the fake Layer 2 network. DYORSWAP has paid over 200 ETH in compensation to affected users.
Ethereum and Coinbase-backed Base have stopped collaborating on unified account abstraction proposals and will pursue separate standards. Ethlabs researcher Derek Chiang confirmed the breakdown in coordination efforts on September 14.
Coinbase is reverting its self-custodial app's name from Base App back to Coinbase Wallet approximately 14 months after the initial rebrand, acknowledging that its attempt to create a crypto social network failed to gain traction. The company is now shifting the app's focus toward trading and broader multichain functionality.
Ethereum development firm Consensys Software Inc. is separating into two independent companies by late 2026. The existing entity will rebrand as MetaMask under Joe Lubin as chairman and CEO, while a new Consensys led by Mike Kriak will house Linea, Besu, and institutional infrastructure businesses.
Robinhood Chain posted $3.7 billion in 24-hour decentralized exchange volume on September 5, a new all-time high for the Arbitrum-based Layer 2 network launched in July 2026. Weekly DEX volume reached approximately $10.47 billion.
Paxos-issued stablecoin USDG has launched natively on Mantle, with the Ethereum layer-2 network joining the Global Dollar Network as a partner. Mantle will receive a share of revenue generated from USDG usage on its network.
The Silicon Ethereum Layer 2 network is shutting down permanently, giving users a four-month window until December 31, 2026 to withdraw nearly $10 million in assets before they become unrecoverable as liquidity disappears and the chain closes.
Polygon Labs revealed it quietly fixed denial-of-service and consensus vulnerabilities in its proof-of-stake network through the Austin and Kyoto hard forks before publicly disclosing the flaws. The company says the vulnerabilities were never exploited.
Arbitrum deployed its ArbOS 61 'Elara' upgrade on August 20, introducing optional compliance screening tools that Orbit chain owners can control on their dedicated networks. The upgrade affects both Arbitrum One and Arbitrum Nova, though priority fees remain disabled on Arbitrum One pending further governance votes.
GnosisDAO approved GIP-153 on August 19, authorizing Gnosis Chain to transition from an independent layer-1 blockchain to an Ethereum Economic Zone (EEZ) rollup that settles directly to Ethereum. The move will end the chain's independent validator set and unlock approximately 350,000 GNO tokens previously used for treasury-funded staking rewards.
Ethereum co-founder Vitalik Buterin has released an updated technical roadmap that elevates quantum-resistant cryptography and privacy features as top priorities, marking a significant shift from the network's 2023 development plan. The new roadmap also emphasizes native rollups and incorporates AI-assisted formal verification while downgrading or replacing some previous initiatives like verifiable delay functions.
World Chain will activate full block access lists based on EIP-7928 on August 17, becoming the first production Layer-2 network to stream this data within flashblocks every 200 milliseconds. The feature enables parallel block verification to increase throughput without requiring validator hardware upgrades.
Robinhood's Ethereum Layer-2 blockchain, launched July 1, 2026, has generated over $2 million in cumulative revenue and surpassed Coinbase's Base in daily active users, though on-chain data shows more than 80% of its $9 billion trading volume comes from memecoin speculation rather than its intended focus on tokenized stocks.
Robinhood Markets launched Robinhood Chain, an Ethereum layer-2 blockchain built on Arbitrum technology for tokenized stocks and real-world assets. The network processed $3.1-4 billion in DEX volume in its first week, driven by memecoin trading and gas subsidies, with Uniswap collecting $4.38 million in daily fees from the platform.
Arbitrum announced that all Layer 2 chains built with its technology that settle outside of Arbitrum One or Nova will pay 10% of net protocol revenue to the Arbitrum ecosystem. Robinhood Chain, which has seen $568M in trading volume, is among the chains affected by this new revenue-sharing arrangement.
Ethereum-based rollup Taiko confirmed a compromise of its chain state verification mechanism, halting block production and urging users to withdraw funds. The exploit resulted in approximately $1.7 million in losses.
The Arbitrum Security Council froze $71 million worth of ETH stolen in the $292 million Kelp DAO exploit, with funds only movable through further governance action. Kelp DAO and LayerZero continue to dispute responsibility for the bridge vulnerability.
