Bitget CFD Chief Analyst: On the eve of Jackson Hole, market focus turns to inflation, long-term Treasury yields, and policy framework.

The Bitcoin Core Lightning development team has issued an urgent warning, noting that multiple genuine vulnerabilities have been identified in a large number of AI-generated security bug reports, urging Lightning Network node operators to take action. Core Lightning advises node operators who cannot upgrade immediately not to shut down their devices, but instead restart the software in "--offline" mode. This mode cuts off the node’s communication with other Lightning Network nodes, suspends payment sending, receiving, and routing, while still allowing continuous monitoring of the Bitcoin blockchain to prevent risks such as payment channels being closed due to outdated states. Core Lightning stated that its development team has received a large volume of AI-generated vulnerability reports since early August, some of which have been verified as genuine. The developers have not yet disclosed specific details of the vulnerabilities, and plan to keep them confidential for two weeks after releasing a fixed version before making the information public, to allow node operators to complete upgrades. This is the second AI-related Lightning Network security emergency this month. Earlier this month, BTCPay Server suffered a vulnerability that led to the exposure of some Lightning Network node credentials and subsequent fund theft. Additionally, the Bitcoin Red Team recently used an AI model to scan 390 Bitcoin code repositories, identifying nearly 5,000 potential issues in approximately 27 hours, with 85 classified as critical vulnerabilities.

U.S. weekly initial jobless claims fell, indicating the country’s labor market remains stable despite an unexpected drop in July employment. The U.S. Department of Labor said Thursday that for the week ending Aug. 22, seasonally adjusted initial claims decreased by 4,000 to 203,000, against economists’ forecast of 208,000. Initial claims are currently at the lower end of this year’s range of 189,000 to 230,000, suggesting layoffs stay low even amid weak hiring activity. The U.S. unemployment rate edged down slightly last month to 4.1%, a historic low. If the labor market continues to hold steady, the Federal Reserve may keep focusing on curbing inflation. U.S. inflation has exceeded the Fed’s 2% target for 65 consecutive months. Data also showed continuing jobless claims fell by 18,000 to 1.778 million, a metric that serves as a reference for hiring conditions. (Jinshi)

According to SolanaFloor’s monitoring, Solana’s "Double Deflation" proposal has reached quorum with 27 hours remaining before the voting deadline. The current voter turnout stands at 33.84%, with 25% of votes cast in favor. If the proposal is ultimately approved, SOL’s inflation rate will drop to roughly half its current level, lifting its deflation rate to 30%. Based on current estimates, the proposal would reduce SOL’s total supply by approximately $1.47 billion over the next six years, corresponding to around 18.9 million SOL tokens.

Chainalysis has released a report showing that the scale of global on-chain potential taxable cryptocurrency activity in 2025 reached at least $457 billion, covering gains from centralized and decentralized exchanges, plus income from mining, staking, lending, gambling, crypto payments, and other sources. Since transactions, staking, and lending activities within centralized exchanges cannot be directly observed on-chain, this figure may actually underestimate the size of the global crypto economy. By region, North America’s 2025 potential taxable crypto activity hit $134.6 billion, the EU $125.1 billion, and East Asia $54.7 billion. The U.S. ranked first among individual countries at $112.6 billion, followed by Germany at $24.1 billion. Chainalysis noted that a significant share of global crypto activity remains outside the scope of traditional tax information reporting systems. The OECD launched the Crypto Asset Reporting Framework (CARF) in 2022, with dozens of countries committing to start exchanging relevant information from 2027, and more expected to join in 2028 or 2029. However, only around 14% of 2025’s global on-chain potential taxable activity falls under CARF’s coverage; the remaining ~86% involves activities including DEX trades, peer-to-peer transfers, self-custody wallets, on-chain mining and staking income, lending income, and crypto payments. Additionally, CARF is not a retroactive system, and issues such as missing cost bases and transactions on offshore platforms may prevent tax authorities from accurately calculating taxable gains. Chainalysis said blockchain analytics can help tax authorities directly observe on-chain activities, track fund flows between wallets, identify transactions on offshore and decentralized platforms, reconstruct digital asset cost bases, and uncover income sources like mining, staking, lending, and liquidity provision, thereby filling the coverage gaps of CARF and traditional tax information reporting systems.

According to CoinGecko’s latest security report, the *2026 State of Crypto Security Report*, between January 2025 and July 2026, crypto platforms suffered total losses exceeding $36.3 billion across 245 security incidents, with the top 10 attack events accounting for over 72.5% of the stolen funds. The report notes that supply chain and infrastructure vulnerabilities remain the primary security risks for both centralized (CEX) and decentralized (DEX) exchanges, with related losses exceeding $18 billion. Specifically, the most common risk for CEXs is private key leaks, while dApps saw approximately $546 million stolen due to smart contract vulnerabilities. Notably, among the 245 security incidents, 147 involved platforms that had completed independent security audits—making up roughly 60% of total incidents and corresponding to 88.44% of the total stolen funds. CoinGecko added that most attacks fall outside the scope of traditional audits, with common causes including external infrastructure issues, unaudited code updates, and governance attacks; only around 11% of incidents involved smart contract vulnerabilities covered by audit scope.

Revolut phased in the launch of its first euro stablecoin, EURR, on August 26, initially making it available to select customers in Denmark, Poland and Portugal, with plans to expand access to other European Economic Area (EEA) regions later this year. EURR is legally issued by Bridge Building S.A., a subsidiary of Stripe’s Bridge, pegged 1:1 to the euro and redeemable at face value. It currently has a circulation of 369 units, backed by a €369 reserve. Boasting over 80 million retail customers, Revolut’s launch provides a key distribution channel for euro stablecoins.