The Nexus Report
Who Gets to Decide?
A wallet drain, a rewritten blockchain, a 750-fold miscount and an editor's removal all raised the same question: who had the authority to act?
governance
The Nexus Report
The Proof Was Never the Property
The Nexus Report · August 3-9, 2026 Across hardware wallets, AI evaluations and protocol design, systems kept validating what was
bitcoin
BIP-110: The Fork Bitcoin Left Behind
BIP-110 tried to force new Bitcoin rules with just 2.53 per cent miner support. Instead, its nodes followed a barely moving minority chain, exposing the real limits of user-activated governance.
BonkDAO
BonkDAO Wasn’t Hacked. It Was Governed.
BonkDAO lost $20M through its own voting process. No backdoor, no stolen key, no broken contract. Just governance doing what governance was allowed to do. The treasury didn’t disappear because the rules failed. It disappeared because the rules worked.
defi
THORChain Reopens Trading After Month Long Halt
THORChain has resumed trading after more than a month offline, marking the end of one of the more serious operational pauses in recent cross chain DeFi.
admin key
The Fake DeFi Era Is About to Get Very Awkward
The word DeFi is getting heavier. The CLARITY Act may force crypto to prove what it has only claimed for years: who controls the system, who can change the rules, and who was actually built for the moment the mask came off.
admin key
Aztec Connect Drained of $2.1M via ZK Proof Integration Flaw
Aztec Connect was already deprecated. The contracts were immutable. The funds were still there. That combination turned an old privacy bridge into a sitting target, and when the proof logic failed to bind what was verified to what was executed, $2.1M walked straight through the gap.
bitcoin
apxUSD Depegs, Exposing RWA Liquidity Mismatch
Apyx Finance’s stablecoin, apxUSD, has broken its intended one dollar peg, falling into the low 90 cent range before partially recovering.
layer 2
Kelp DAO Exploit: $220M Laundered, Highlighting Limits of Centralised Intervention
The actor responsible for the 18 April exploit of Kelp DAO has successfully laundered approximately $220 million of the $293 million in stolen assets. The funds, originally drained as 116,500 restaked ETH (rsETH), were laundered over six weeks using a multi-stage, cross-chain process.
bitcoin
Iran’s “Hormuz Safe” Bitcoin Insurance Platform Signals a New Phase in State-Level Crypto Adoption
Iran has launched a maritime insurance platform called Hormuz Safe, designed to provide shipping coverage for vessels transiting the Strait of Hormuz using Bitcoin for settlement. The initiative marks one of the clearest examples yet of a nation state integrating public blockchain infrastructure int
ethereum
Verus Network Halts Layer 1 Chain After $11.6M Bridge Exploit
On 17 May 2026, an attacker exploited a vulnerability in the Verus-Ethereum bridge, extracting digital assets valued at approximately $11.6 million. The stolen assets, which included various tokens native to the Verus ecosystem, were immediately swapped for Ether (ETH) on decentralized exchanges. Th
admin key
The Bet Under The Bet
Read pMINT as a leveraged social wrapper on pDAI conviction, not as free yield. Then decide whether that is a feature or a warning.