On-chain

On-chain refers to any transaction or data point that is recorded directly on the blockchain, ensuring transparency, immutability, and public verifiability. From on-chain identity (DID) to verifiable provenance of assets, the "everything on-chain" movement is the core of Web3’s trustless architecture. In 2026, sophisticated on-chain analytics tools allow users to audit protocol reserves and track capital flows in real-time. This tag focuses on the value of transparency, block explorer utility, and the distinction between on-chain execution and off-chain scaling.

38954 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
GameSquare CryptoPunk NFT Bet: $5.15M Cowboy Ape Deal Brings Leshner Onboard

GameSquare CryptoPunk NFT Bet: $5.15M Cowboy Ape Deal Brings Leshner Onboard

GameSquare Holdings, Inc. (Nasdaq: GAME), a media and tech firm focused on Web3, has made a bold move into the world of digital collectibles with a new purchase. GameSquare has acquired the iconic Cowboy Ape #5577 CryptoPunk from DeFi pioneer @rleshner in a $5.15M strategic investment. We also added $10M of ETH to our treasury, bringing total Ethereum treasury holdings to over $52 million. pic.twitter.com/U2LFaPqECm — GameSquare Holdings Inc. (@GSQHoldings) July 24, 2025 In a press release shared with CryptoNews, the firm said it has purchased a rare “Cowboy Ape” CryptoPunk non-fungible token (NFT) from Robert Leshner, founder of Compound and CEO of Superstate. In exchange, GameSquare issued $5.15 million in preferred stock convertible into approximately 3.4 million shares at $1.50 per share. The acquisition marks GameSquare’s first direct NFT investment and is in line with its strategy to build a blockchain-native brand and generate treasury yield through digital assets. CEO Justin Kenna described the Punk as a “grail” investment and emphasized the company’s growing interest in on-chain finance. Alongside the transaction, Leshner has joined GameSquare as a shareholder, bringing his experience in decentralized finance to the table. What Is a CryptoPunk? CryptoPunks are among the earliest NFT collections created on the Ethereum blockchain. Launched in 2017 by software developers Larva Labs, the series includes 10,000 pixelated characters with varying traits. Of these, only 24 are “Ape” Punks—making them among the rarest. The Cowboy Ape (#5577), now part of GameSquare’s treasury, is widely regarded as a standout in the collection. Collectors often view CryptoPunks as digital artifacts that reflect early internet history and the rise of online identity. Building Yield Through NFTs and ETH GameSquare’s NFT purchase is part of its treasury strategy, which seeks to generate 6%–10% returns annually by using stablecoins and other digital assets. The Cowboy Ape will be used in community activations, marketing campaigns, and potential licensing deals, blending culture with capital allocation. GameSquare said it has partnered with 1OF1 AG, led by Web3 investor Ryan Zurrer, to manage the NFT yield program. The firm will also hold the asset and oversee yield generation efforts. GameSquare said it recently purchased $10 million worth of Ethereum—about 2,742.75 ETH at an average price of $3,646. This adds to a growing ETH position now valued at approximately 12,913.49 ETH. The company has invested a total of $45 million in ETH under its $250 million crypto treasury authorization. NFT Market Cap Jumps 21% to $6.3B Overnight The NFT market roared to life on Monday, jumping more than 20% in a single day, with total market cap rising from $5.1 billion to $6.3 billion . After months of stagnation, renewed interest in Ethereum-based collections appears to be driving the sudden revival. A major catalyst came in the form of a high-profile CryptoPunk sweep . According to on-chain data from Lookonchain, a newly created wallet, 0x1bb3, spent 2,082 ETH, or about $5.87 million, to purchase 45 CryptoPunk NFTs within hours. The transaction lit up OpenSea, where the walle t now holds assets valued at over 1,700 ETH, or roughly $6.5 million. $GAME Price Action As of 12:00 p.m. EDT on July 24, shares of GameSquare Holdings Inc. (Nasdaq: GAME) traded at $1.32, marking a 3.94% increase on the day. The stock opened at $1.33, reached a high of $1.44, and dipped to a low of $1.26 during early trading. This intraday movement follows the company’s announcement of the CryptoPunk #5577 acquisition and the onboarding of Leshner as a shareholder, news that appears to have sparked renewed investor interest. GameSquare currently holds a market capitalization of approximately $125.2 million, with a 52-week trading range between $0.50 and $2.87.

Author: CryptoNews
Hacken Report Flags $3.1B Web3 Meltdown, 1,025% Spike in AI Attacks

Hacken Report Flags $3.1B Web3 Meltdown, 1,025% Spike in AI Attacks

Key Takeaways: Web3 platforms lost $3.1 billion in H1 2025, already surpassing full-year 2024 losses. Access control failures were the leading cause, followed by phishing and smart contract bugs. AI-related attack vectors rose by 1,025%, showing risks in inference layers and APIs. Web3 projects lost $3.1 billion to exploits and scams in the first half of 2025, according to the Hacken 2025 Half-Year Web3 Security Report published July 24 . 🚨 2025 is already the most expensive year in Web3 security, and we’re only halfway through. $3.1B lost. Social engineering. AI-driven exploits. Protocol design flaws. Our Half-Year Report breaks it all down and shows how to defend against what’s next: https://t.co/6x8JDjkmJT pic.twitter.com/hQjxTvpjlN — Hacken🇺🇦 (@hackenclub) July 24, 2025 The report states that the amount lost in H1 this year has already exceeded the total losses recorded across all of 2024. It attributes $1.83 billion of this amount to access control exploits, the majority of which occurred in Q1. AI-Related Exploits Explode by 10x in Web3 Phishing and social engineering attacks accounted for $600 million, a sharp increase from the previous year. Another $263 million was lost due to smart contract vulnerabilities, marking DeFi’s most damaging quarter since early 2023. Hacken identified a surge in AI-related exploits, with incident volume rising by 1,025% compared to H2 2024. These cases stemmed from issues such as insecure API design, improper model access restrictions, and weak user input filtering in AI inference layers. The single largest incident in the period was the $290 million Munchables breach, followed by $136 million lost in the Pike Finance series of attacks. The Uniswap V4 ecosystem also recorded its first major hook-related exploit, resulting in a $12 million loss. According to the report, Ethereum accounted for 61.4% of total losses, while BNB Chain and Arbitrum represented 20.2% and 11.4%, respectively. Exploits on Ethereum L2s and alt-L1s made up the remainder. Security Enhancements in Exigent Need “2025 has been a wake-up call,” said Hacken Co-Founder and CBDO Yevheniia Broshevan. “As blockchain reaches enterprise scale and regulations advance, cybersecurity becomes a core business function.” The report recommends continuous monitoring and automated defense systems to address rising threats. It also warns that standard auditing remains insufficient given the increased complexity of integrated systems and AI models in Web3 environments. DeFi protocols made up nearly 69% of all incidents tracked in H1 2025. CeFi incidents were fewer but tended to result in higher individual losses. The report also noted a growing overlap between financial and infrastructure attack vectors. The rise in AI-driven exploits exposes the challenge facing the crypto industry: the rapid adoption of complex technologies outpacing the development of security frameworks. At the same time, geopolitical actors and financially motivated groups have begun to treat blockchain infrastructure as high-value targets. The convergence of traditional cybersecurity threats with on-chain vulnerabilities may require new regulatory coordination between Web3-native firms, national agencies, and cybersecurity vendors. Frequently Asked Questions (FAQs) How might regulations like MiCA or the EU AI Act influence future Web3 security practices? These frameworks may impose formal governance, model validation requirements, and real-time monitoring standards that force protocols to integrate cybersecurity by design rather than after deployment. Are smaller protocols more vulnerable to these complex attacks? Yes. The report implies that limited technical resources and overreliance on third-party tooling leave smaller teams exposed, especially as AI integrations expand without clear defensive standards. Is there any indication of coordination between threat actors? While not explicitly detailed, the increase in sophisticated, cross-layer attacks suggests potential collaboration or tooling exchanges between financially motivated hackers and more organized adversarial groups.

Author: CryptoNews
Ethereum’s daily gas usage hits a record high

Ethereum’s daily gas usage hits a record high

PANews reported on July 24 that according to everstake.eth , on July 21, 2025 , Ethereum's daily Gas usage reached 149,673,860,000 , setting a record high. Analysis pointed out that

Author: PANews
DeAgentAI ecosystem product CorrAI and Blave reach strategic cooperation to promote the democratization of quantitative trading

DeAgentAI ecosystem product CorrAI and Blave reach strategic cooperation to promote the democratization of quantitative trading

PANews reported on July 24 that CorrAI, the core product of the DeAgentAI ecosystem, announced a strategic partnership with the institutional-level data platform Blave. The two parties will integrate institutional-level

Author: PANews
Bitcoin OG just transferred all 3962.62 BTC to a new wallet

Bitcoin OG just transferred all 3962.62 BTC to a new wallet

PANews reported on July 24 that on-chain data showed that Bitcoin OG, which had been dormant for 14.5 years, had just transferred all 3,962.62 BTC (about US$469 million) it held

Author: PANews
ZRC price soars 50% as Zircuit unveils “Hyperliquid for AI Trading”

ZRC price soars 50% as Zircuit unveils “Hyperliquid for AI Trading”

Zircuit has unveiled a new AI-powered trading product, catalyzing a sharp rally in its ZRC token, which is up over 50% in the past 24 hours. Zircuit (ZRC) has just announced the upcoming launch of its new product the team…

Author: Crypto.news
MEV bot exploit from MIT-educated brothers leads to $25m crypto fraud trial

MEV bot exploit from MIT-educated brothers leads to $25m crypto fraud trial

A judge denies two brothers’ plea to dismiss crypto fraud charges after allegedly stealing $25 million from the Ethereum blockchain using an MEV bot. Why was their bid dismissed? According to a U.S. court document, District Judge Jessica Clarke has…

Author: Crypto.news
Should I choose IPO or RWA for financing? This is a question worth considering

Should I choose IPO or RWA for financing? This is a question worth considering

Author: Xiao Sa Lawyer Team In recent years, with the development of blockchain technology and the continuous improvement of the regulatory framework, the tokenization of RWA (Real World Assets) has

Author: PANews
Altcoin breakout? ETH outpaces BTC in volume, demand, and ETF flows

Altcoin breakout? ETH outpaces BTC in volume, demand, and ETF flows

Altseason calls are gaining ground, and the numbers are starting to back them. New market data shows Ethereum is taking the market lead, flipping Bitcoin across several key metrics and pulling altcoins with it. According to a July 23 CryptoQuant…

Author: Crypto.news
Here’s how to get Takashi Murakami’s 108 Flowers Revised NFT card

Here’s how to get Takashi Murakami’s 108 Flowers Revised NFT card

Japanese artist Takashi Murakami is launching a collection of NFT cards inspired by his physical works. Will you be one of the on-chain users minting the card collection on July 31? On July 24, Takashi Murakami informed his X followers…

Author: Crypto.news