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Fomo unveils acquisition of Mobula's technology and team for $17M
#Fomo has acquired #Mobula, a decentralized data aggregator and Web3 infrastructure platform, including its technology and team, in a $17M deal.The deal comes amid sharp growth for fomo, whose user base has more than doubled since early July to over 1.9M, with more than 30,000 new users joining daily. The acquisition strengthens Fomo’s push into social trading, alongside investments in creators and new products such as Fomo Web, perpetuals, and Clans.
👉 x.com/fomo/status/2094436931664740618
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Injective has been exploited for $4.9M
#Injective suffered an exploit that resulted in approximately $4.9M in losses. The attacker allegedly exploited Injective’s insurance fund and permissionless binary options market through 299 transactions, ultimately consolidating about 1,979.8 $ETH worth roughly $4.9M into a single address that has not previously sent any transactions. Injective had not confirmed the incident as of press time.
Injective is an open, interoperable blockchain supporting a range of #DeFi solutions, including decentralized spot and derivatives exchanges, prediction markets, and lending protocols.
👉 x.com/DefimonAlerts/status/2094629845321892170
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a16z expands fifth growth fund to $8.5B
#a16z has increased its fifth growth fund to $8.5B from the $6.75B announced at its January launch, adding $1.75B. The fund backs growth-stage startups focused on product development, geographic expansion, and scaling operations. a16z plans to deploy the capital from the expanded growth fund across enterprise and consumer #AI, defense tech, robotics, software and hardware infrastructure, and healthcare technologies.
👉 techcrunch.com/2026/08/31/a16z-brings-growth-fund-to-8-5b-days-after-launching-new-1-1b-fund/
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TOP TOKENS BY MONTHLY PRICE CHANGE ACROSS MAJOR ECOSYSTEMS
#ETHEREUM
$BTR $BTW $HEMI $PROM $CAP
#BNBCHAIN
$BTR $DGAI $BTW $HEMI $PROM
#ARBITRUM
$DGAI $BICO $CRV $CHIP $POND
#POLYGON
$NCT $CRV $GHST $ONT $ZRO
#OPTIMISM
$CRV $DRV $ZRO $UNI $AAVE
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MAJOR CRYPTO ACQUISITIONS THIS SUMMER
Crypto M&A activity remained strong throughout summer 2026, with notable acquisitions spanning ETF provider, CeFi, payments, exchanges, brokerage, infrastructure, DeFi, compliance, and analytics. The deals highlight continued industry consolidation and growing demand for scalable financial and digital-asset infrastructure.
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Ethena Foundation announces four ecosystem updates
#EthenaFoundation announced four ecosystem updates, including repurchasing locked $ENA from select early investors, better aligning token and equity value, proposing revenue-funded $ENA buybacks, and ending future monthly VC unlocks. The foundation has already acquired all locked $ENA held by several major seed investors who sold tokens over the past nine months.
#Ethena Foundation and #EthenaLabs agreed to direct protocol IP and value to the foundation under $ENA governance, ending residual cash flow to Labs equity investors. A revenue-based $ENA buyback proposal has also been approved, while future VC unlocks will be eliminated and team tokens will retain their original vesting schedule.
👉 theblock.co/news/ecosystems/2026-08-27-ethena-foundation-proposes-fee-switch-ena-token-buybacks-other-updates-412951
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Dunamu unveils a partnership with Visa
#Dunamu, the parent company of South Korean crypto exchange #Upbit, has partnered with #Visa to develop innovative financial services powered by stablecoins and #AI. The partnership will combine Dunamu’s digital asset expertise with Visa’s global payments network to develop stablecoin payments, cross-border remittance solutions, and AI-powered financial services.
The partnership will focus on compliant stablecoin integration with global payment infrastructure and AI-powered agentic commerce. Dunamu said the partnership will also explore the potential use of Open Standard’s Open USD $OUSD in future collaborations.
👉 theblock.co/news/business/2026-08-28-dunamu-visa-partner-stablecoin-ai-ousd-412988
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BitGo unveils acquisition of NYDIG’s institutional trading business
#BitGo has acquired #Bitcoin miner #NYDIG's institutional trading business and related assets, which is expected to complement its digital asset infrastructure services. BitGo plans to leverage NYDIG’s business to expand its institutional markets platform, broaden its derivatives offerings, and strengthen financing capabilities. As part of the deal, around 30 NYDIG employees and their institutional trading relationships have moved to BitGo. NYDIG’s institutional trading business offers derivatives, structured products, financing, and capital markets solutions.
👉 theblock.co/news/business/2026-08-27-bitgo-buys-nydig-institutional-trading-412975
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Weekly Market Overview — August 28, 2026
📊 A snapshot of this week’s crypto market activity, highlighting sector performance, price trends, and key indicators.
🔥 Top Categories (7D):
Zero Knowledge +28.0%
Yield Aggregator +23.5%
Privacy +18.3%
Lending +16.1%
DEX +13.2%
📉 Market Indicators:
😨 Fear & Greed Index: 82(Extreme Greed)
🟠 Altcoin Season Index: 35/100 — Bitcoin Season
#CryptoUpdate #MarketRecap #DigitalAssets #CryptoTrends #WeeklyOverview
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Moonwell has been exploited for $8.7M
#Moonwell suffered an exploit that resulted in approximately $8.7M in losses, according to blockchain security firm #PeckShield. Attackers manipulated the price of the illiquid MAMO collateral token, artificially boosting its value to borrow cbBTC from Moonwell. The stolen funds were then transferred to an attacker-linked address.
Moonwell is a decentralized finance lending and borrowing protocol operating across multiple blockchain networks.
👉 x.com/PeckShieldAlert/status/2092929813959049347
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