Grayscale Seeks SEC Nod for Bitcoin Cash and Hedera ETFs

[Kiln Exits All Ethereum Validator Nodes in Response to Security Incident] Staking infrastructure provider Kiln announced that it has begun an orderly exit from all Ethereum validator nodes in response to a security incident related to SwissBorg. The process is expected to take 10 to 42 days to complete, with withdrawals requiring up to an additional 9 days. Kiln stated that this move is aimed at safeguarding customer assets, and validators will continue to earn rewards during the exit period. Meanwhile, Kiln has suspended certain services, including the Dashboard, Widget, and API. SwissBorg's CEO denied claims that the company had lost $41 million, stating that the incident is related to an external DeFi wallet held by Kiln.

[In August 2025, the National Consumer Price Index Decreased by 0.4% Year-on-Year, Unchanged Month-on-Month] According to data from the National Bureau of Statistics, the Consumer Price Index (CPI) for August 2025 decreased by 0.4% year-on-year, with urban areas down 0.3% and rural areas down 0.6%. Food prices fell by 4.3% year-on-year, while non-food prices rose by 0.5%. Consumer goods prices dropped by 1.0%, and service prices increased by 0.6%. On average, from January to August, the CPI decreased by 0.1% compared to the same period last year. Month-on-month, the CPI in August remained flat overall, with urban areas unchanged and rural areas up 0.1%. Food prices rose by 0.5% month-on-month, non-food prices fell by 0.1%, consumer goods prices increased by 0.1%, and service prices remained unchanged.

[SwissBorg CEO Attributes $41 Million Loss to Staking Partner Kiln] SwissBorg CEO Cyrus Fazel denied that his company lost $41 million due to a hack and instead blamed an external DeFi wallet managed by its SOL staking partner, Kiln. Blockchain security expert Chaofan Shou pointed out that an unstaking transaction from a week ago might have granted hackers access to withdraw funds, drawing comparisons to the 2025 ByBit hacking incident. Kiln has suspended certain services, including the Kiln Dashboard, Widget, and API, and stated that it is working with multiple parties to conduct a thorough investigation of the incident. Meanwhile, crypto wallet company Trust Wallet announced that its Earn feature is temporarily unavailable due to issues with Kiln's API but emphasized that user funds remain secure.

[Coinbase Launches Avantis (AVNT) Spot Trading] Coinbase has launched Avantis (AVNT) spot trading on its website and app, labeling it as an 'Experimental' asset.

1. CME data shows a 93% probability of the Federal Reserve cutting interest rates by 25 basis points in September 2. The non farm payroll data in the United States has significantly decreased, with a decrease of 911000 new jobs added 3. JPMorgan CEO says Fed may cut interest rates 4. Democratic lawmakers propose seven regulatory frameworks for the cryptocurrency market 5. Grayscale applies for approval for Bitcoin Cash and Hedera ETF 6. The Bank of Japan may keep interest rates unchanged on September 19th 7. Yunfeng Financial has been approved by the Hong Kong Securities and Futures Commission to provide virtual asset trading services 8. The US Department of Justice plans to confiscate over $5 million worth of Bitcoin in connection with SIM card attacks The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/485294