Top crypto stories of week 34, 2026
Mon 17 to Sun 23 August 2026
The 20 top stories on Kiwi News from Mon 17 to Sun 23 August 2026, ranked by upvotes, comments and clicks, with 4 comments in total. Most-shared sources: x.com, farcaster.xyz.
Text under a title is an AI summary of the linked article.
- @fx_hash_: fxhash platform has closed, team let go in February (x.com)
The fxhash generative art platform has closed, and its team was let go in February, except for the founder. The announcement, posted by the @fx_hash_ account, says no current or future development is planned, the website is offline, and it is unclear whether it will return. It also says the loan offered to the company, previously mentioned by ciphrd, is not being closed. The post notes that @verse_works, @lerandomart and @objktcom are supporting the viewing and exchange of fxhash artworks, and that former front-end developer @maerzhase3000 built a framework called whitehash for keeping the artwork available without fxhash infrastructure.
- @AndrewCurran_: Stripe tells investors the Singularity began January 1st 2026 (x.com)
- @cassie: we submitted our proposal to Rish on Farcaster stewardship (farcaster.xyz)
- @LC: Should we bid on Farcaster? (re: Neynar seeking new team to run products) (x.com)
- @rish_neynar: Neynar seeking new team to run Farcaster, Clanker, and Neynar (x.com)
Neynar is seeking a new team to take over running Farcaster, Clanker, and Neynar, citing a shift in what the products now need and saying it is no longer the right fit. The company says it has started talks with a few teams it thinks could run decentralized social apps and related developer products, and it invites interested parties to reach out. Neynar will return its balance sheet, most of which remains, and its team members will move on to other work. The post says the decision was not made lightly and expresses optimism that Farcaster will find its long-term fit under the next iteration.
- Farcaster Community Town Hall — Brief & Summary (gist.github.com)
Cassie is preparing a formal proposal for Neynar to hand over Farcaster to a transition vehicle that would cut infrastructure costs, raise outside capital, and create a new org to keep building the client. Nothing has been agreed, and Neynar has not yet decided, though other bidders may exist. Cassie says the network currently costs about $100k per month against a few thousand daily active users, while Quorum runs on Hypersnap for $200 per month. The proposal also includes collapsing Snapchain into Hypersnap and merging the Farcaster and Quorum clients, and Cassie has ruled out Clanker. Participants also pressed on onboarding friction and whether technical focus alone can drive growth.
- @buidlguidl: hacked wallet recovery using EIP-7702 delegation (x.com)
BuidlGuidl has released a Hacked Wallet Recovery skill that uses EIP-7702 delegation to rescue assets from a wallet whose private key an attacker already holds. The article says a plain rescue transaction fails because a sweeper bot takes any gas sent to the compromised wallet. Under the described design, the compromised key signs one harmless authorization locally, a separate funded operator wallet pays gas and broadcasts, and one atomic transaction sweeps all tokens, NFTs and native ETH to a safe wallet. The article says the skill is portable and runs in Claude Code, Codex, Gemini CLI, Copilot CLI and others.
- Power, Not Bitcoin, Is Now the Most Valuable Asset (wublock.substack.com)
Bitcoin miners are increasingly valued by controlled power capacity in megawatts and gigawatts rather than by hash rate and bitcoin holdings, because mining margins are thinning while AI data center power demand grows. Core Scientific reported $164.2 million in second-quarter 2026 revenue, of which $136.7 million came from high-density colocation, while its self-mining business posted a gross margin of -56%. TeraWulf signed a 20-year lease with Anthropic covering about 401 MW at its Kentucky campus, which it said could generate roughly $19 billion over the initial term. VanEck found that companies with signed AI or HPC leases traded above 10x EV/Gross Energized Power as of June 4, 2026, versus 2x to 6x for those relying mainly on prospective power pipelines.
- @heckerhut: Freedom for iPhone now runs 5 p2p nodes in parallel (x.com)
- @secretlyaveryf1: DUMB WOJAPES collection mints out after 4 years, 6969 NFTs (x.com)
- Avatar-Presse (avatar-presse.vercel.app)
- Work From Home Excel Series III by Chris Follows Drops (drop.art)
- @testmachine_ai: Ledger Ethereum app vulnerable to signature substitution (x.com)
- Deep Dive: The Next Trillion-Dollar Futures Market (chamath.substack.com)
CME Group and Silicon Data announced plans to launch compute futures contracts on October 5, 2026, pending regulatory review. The article argues that compute needs a futures market because AI infrastructure users face price volatility in GPU rentals, depreciation as new chips ship, and long data center build timelines with few ways to lock in costs. It cites AI capex of $765B in 2026, passing oil and gas capex at $681B, and says the market must overcome concentration and interchangeability problems. Silicon Data's tests found H100 performance differing by as much as 34.5% within one chip model across 11 cloud providers.
- Obfuscation (Part III): Local Mixing (vitalik.eth.limo)
Local mixing is a third family of cryptographic obfuscation (iO) that applies design ideas from symmetric cryptography to logic circuits, without relying on elliptic curves, factorization or lattices. It transforms a circuit through functionality-preserving steps: making it reversible, hardening it so it can only run its intended computation, then repeatedly adding junk gates and swapping small sections for equivalent gate sets. The local mixing authors describe this as a risky bet, given past failures in white-box cryptography, and hope that more effort, AI assistance and higher overhead could make it work.
- The Book of Genesis (cryptohayes.substack.com)
Arthur Hayes presents the Flop Network, a proposed decentralized network where computers process AI inference requests priced in FLOPs and paid in its native token, $FLOP, as a way to give AI agents a unit of value tied to compute. The essay says miners would earn $FLOP through a block reward and inference fees, using proof of useful inference (PoUI). It also says the team was self-funded to avoid a pre-sale, and that a testnet airdrop will receive roughly 20% of the token supply after ten years.
- @dfern.eth: A credo for the decentralized network (farcaster.xyz)
This is a poetic credo by @dfern.eth describing belief in a decentralized social network built on Farcaster. Its central conviction is that the protocol will outlast any single platform, host or company. The credo affirms self-sovereign identity, a portable social graph that users can carry between clients, and the right to exit, so that users can take their graph and leave. It also names Warpcast as one of many clients, ties identity to Ethereum, and holds that consolidation is a warning rather than a verdict.
- @verse_works: Now supporting ERC-1155 tokens including XCOPY's Damage Control (x.com)
- @ziskvm: Ethereum proven in real time on 4x5090 GPUs with p99 of 9.62s (x.com)
- @gnosischain: GIP-153 passes, Gnosis becomes first Ethereum Economic Zone (x.com)