Harmony proposes shutting down layer 1, migrating ONE to Ethereum
Harmony proposed sunsetting its layer-1 blockchain and migrating ONE to Ethereum, weeks after an exploit led to plans to discard 109,000 transactions.
Harmony proposed sunsetting its layer-1 blockchain and migrating ONE to Ethereum, weeks after an exploit led to plans to discard 109,000 transactions.
Bitcoin trades lower by nearly 1% as escalating U.S.-Iran hostilities push oil higher.
Liquid Network, a settlement layer used by exchanges, halted all transactions after losing $320 million worth of bitcoin in a security exploit.
Harmony said it would help validators transition to its proposed new initiative, a 'remix economy' with AI video creators.
Spot bitcoin ETFs drew in $3.52 billion in net inflows in August, their largest monthly positive flows since September 2025.
Purported white hat hackers have taken 4000 Bitcoin from the Liquid sidechain in a major security breach. The Bitcoin ETFs see the best three weeks of inflows in 2026.
The Bitcoin sidechain has been paused, with exchanges suspending LBTC deposits and withdrawals as Blockstream works to contact those responsible.