This Week:
-This Week’s Hemi Yield Opportunities
-Need to Know DeFi Ecosystem Shifts
-This Week in Hemi: Protocol Updates and More
-Community Spotlight
Hemi is proud to be partnered with BrownFi, with an integration through Algebra's CLAMM infrastructure and Merkl's incentives on APY/APR:
Provide liquidity to BrownFi WBTC-hemiBTC and earn up to 26.53%
Provide liquidity to BrownFi WETH-USDC.e and earn up to 58.36%
Provide liquidity to BrownFi USDC.e-VUSD and earn up to 88.41%
Provide liquidity to BrownFi WETH-USDC.e and earn up to 159.14%.
Jurisdictional restrictions may apply. APY/APR rates may vary with variable market conditions.
Learn more about the partnership.
SEC Cancels Vote on Regulation Crypto and Tokenization Exemption
SEC cancelled its Aug 14 open meeting on Aug 13, killing a vote to propose "Regulation Crypto," a tailored offering and exemption regime for crypto investment contracts. The meeting had been noticed two days earlier. A spokesperson cited "an unforeseen scheduling issue" and gave no new date. The same meeting was to unveil the "innovation exemption" for tokenized securities, its second delay after a May 2026 postponement. Resistance came from three directions: the White House, concerned about disrupting CLARITY Act negotiations; SIFMA, arguing blockchain venues can't satisfy Reg NMS best-execution obligations; and SEC staff questioning the agency's legal authority. The Senate's CLARITY cloture vote is set for Sept 15.
Trezor Breach at Fulfilment Partner Exposes 13,689 Customers
Trezor disclosed on Aug 13 that personal data for 13,689 customers was exposed via a breach at ShipMonk, its third-party fulfilment provider. 11,742 had full name, phone, email and shipping address exposed; 1,947 had name, city and email. Affected orders were placed May 10 to Aug 8. ShipMonk said the intrusion came through a vulnerability in Metabase, a business-intelligence vendor, which notified it Aug 6; ShipMonk notified Trezor Aug 10. ShipMonk later received extortion emails from ShinyHunters, with no ransom figure disclosed. Trezor's own systems, devices, private keys and wallet backups were unaffected. It notified customers directly, warned of phishing risk, and announced an Anonymous Delivery option — P.O. box shipping, crypto payment, anonymous email — for the EU by September 2026 and the US by year-end.
Relayer Flaw Drains 99.7% of tx XRPL Bridge Reserve
The tx (formerly Coreum) XRPL bridge was drained of 199,916.3 XRP, roughly $200,000, between 19:16 and 20:53 UTC on Aug 9 — 94 signed payments in 97 minutes, cutting the reserve from about 200,409 XRP to 493.5, or 99.7% of the pool. The relayer software validated that a payment carried a well-formed memo but never checked the destination against the bridge address. The attacker sent self-transfers of wrapped tokens carrying bridge memos, which relayers recorded as legitimate deposits and minted bridged XRP against. Every independent relayer ran the same code, so the multi-operator quorum signed off unanimously. tx halted the bridge, said it "is not currently fully backed," and filed an FBI complaint. It had passed internal and third-party audits. No attacker identified.
veHEMI Distribution & New Economics
The veHEMI distribution is landing this week, and it comes with a HIPPO laying out the economic parameters for how distributions work going forward. The headline number: revenue splits 75/25 between voluntary locked positions and involuntary locked positions. It also ships on a new distribution contract, which fixes the gap some of you have been sitting on; if you had yield on a position that expired and you'd already withdrawn, you'll be able to claim that back yield along with the new distribution. Staking rewards were held up while the team worked out how to balance incentives across the different classes of positions on the network. That's resolved.
A ZK Miner Alpha Is Coming
The team is circling the wagons on a very early public alpha preview of the ZK miner, with a small incentive campaign attached. Structure is still being figured out, but yes — this technically means the return of incentivized testnet, in a tightly limited and isolated form. And no, the faucet is not coming back. There'll be an on-chain, automated, one-click thing users run themselves. After some negotiation on air, it has a name: the Hemi Dripper. If you want to test software and give feedback, get into the beta testers channel.
Hemi Arcade Game Contest Wrapup
The Hemi Arcade Game Contest was a huge success. 10 entries in total were submitted and the team spent the better part of Thursday afternoon this week trying them all out during a very special Happy Hour session that ran a record 2 and a half hours. Winners have yet to be announced, so stay tuned for a very special announcement in the community Discord and on socials.
Catch the whole Happy Hour Special.
A special shoutout to the winner of Hemigo of the Month: Godbrand
Godbrand is the creator of Strait, a tool that lets you track activity on the Hemi tunnel in real time. With their tangible contribution to the Hemi ecosystem, Godbrand earns themselves an exclusive Special Hemigo of the Month Hoodie.
Explore Strait for yourself: https://github.com/Strait-protocol
Join Hemi’s Discord and engage with the community! Who knows? The next Hemigo of the Month might be you!
Midweek with Max covers ongoing engineering, community, and marketing updates.
Join Hemi’s Discord to send questions for Max ahead of next week’s AMA.
Protocol Engineering Office Hours are now streaming on X, YouTube, and LinkedIn, every other Wednesday at 8:00 AM PDT, 11:00 AM EDT, and 15:00 UTC. Next session is set for Wednesday, August 26th.
Testing Hemi explores ongoing operational procedures and protocols related to how our engineers keep Hemi secure and functional. This article discusses how Hemi engineers fixed the issue and tested to verify the fix on a production issue that took place in June of 2026.
