Crypto

A cybersecurity veteran turned quantum infrastructure CEO warns that the cryptocurrency industry is dangerously unprepared for the imminent threat of quantum computing to blockchain security. The post Bitcoin’s Quantum Countdown Has Already Begun, Warns Veteran Hacker appeared first on Cryptonews.

A pro-Israel hacker group stole $81 million worth of crypto from Iran’s largest crypto exchange, Nobitex, adding to the conflict between the two countries. Iran-based crypto exchange Nobitex suffered a hack on June 18. Pro-Israel hacker group Gonjeshke Darande claimed responsibility for the $81-million crypto theft. Blockchain security analyst ZachXBT alerted the community within the same day of the attack. According to the analyst, hackers exploited a hot wallet failure in the crypto exchange to access and drain wallets. Read more

BTC dominance slides by largest margin in 3 years. SOL hits $100bn, leads majors in catch-up trade. ETH ETF inflows again surpass BTC. 40% of ETH ETF total inflows in the last 8 days. WH to release first crypto report this week. Trump signs GENIUS Act, Crypto stocks rally. UK considers sale of GBP 5bn seized BTC. Sequans buys $150m BTC. ABA urge delay in Circle, Ripple license approval. Ether Machine launched to buy $1.5b ETH. ETH Fusaka upgrade scheduled for early Nov. Total DeFi TVL hits $138.5b, highest in 3 years. Thiel backed ‘Bullish’ files for IPO. CoinDCX suffers $44m hack. Block Inc to join S&P 500. Conflux plans offshore Yuan stablecoin

Digital assets services and custody firm BitGo plans to go public, revealing a confidential filing with the SEC on Monday.

DFDV is building a new kind of public company, where shareholders don’t just own stock—they own a stake in a living, staked Solana treasury. The post Solana Treasury Giant Records 999,999 SOL as Market Cap Surges Past $100B appeared first on Cryptonews.

SOL’s price is painting a textbook cup-and-handle pattern breakout with a price target of around $6,300. Key takeaways: SOL price has climbed to a five-month high, driven by strong technicals and rising network activity.  Solana’s cup-and-handle pattern targets a SOL price of as high as $6,300. Read more

Ethereum ETFs smash records with $2.12B weekly inflows, outshining Bitcoin as institutional investors pile into the surging altcoin.

As US conservatives rapidly shape the crypto landscape through policy, funding and grassroots adoption, progressives remain divided and hesitant. Progressives lack a unified strategy and risk losing relevance. Opinion by: Michael Rovner When US President Donald Trump called for America to become “the crypto capital of the planet,” he acknowledged a growing sentiment among his supporters. Crypto is no longer simply an asset class or subculture to this group; it’s a parallel financial system being shaped by tech-savvy conservatives for political and economic ends. Political campaigns now use crypto as core fundraising infrastructure. Conservative lawmakers, strategists and donors use it to reshape decisions, particularly in places with fewer regulations. This has created an environment shaped by right-leaning values, with progressives essentially sitting it out. Read more

XRP reaches 7.2 million wallets as whale outflows drop 94% and price holds $3.50 after hitting $3.65.

The company bought Bitcoin at an average price of $118,940 per coin last week.

From GPUs to AI deals, Bitcoin miners are finding new lifelines beyond crypto. AI is becoming a major revenue stream for them. The 2024 Bitcoin halving reduced block rewards to 3.125 BTC, cutting miners’ income in half. This change, combined with higher electricity costs, expensive equipment maintenance and increased competition, made traditional mining less profitable. Many mining companies struggled to maintain their profit margins and began exploring other revenue sources. Although Bitcoin mining relies on devices called ASICs, mining companies have access to energy-dense data centers and power infrastructure. As demand for AI compute skyrockets, many miners are repurposing or upgrading their facilities with GPUs to support AI training and inference workloads.  Read more

Security firms such as Sygnia and Seal911, along with Solana and Wormhole, are aiding CoinDCX in tracing and freezing stolen funds.

Aave’s community overwhelmingly approved a proposal to license a centralized version of its lending protocol for deployment on Kraken’s Ink blockchain. A proposal for the decentralized finance (DeFi) lending protocol Aave to launch a centralized version of its service on the crypto exchange Kraken’s Ink blockchain has received widespread approval among the community. An Aave request for comment (ARFC) for the deployment of a whitelabel version of Aave v3 for the Ink Foundation, the organization behind the Ink blockchain, was approved with 99.8% of the votes cast in favor. An ARFC acts as a preliminary offchain vote before proceeding with a full decentralized autonomous organization (DAO) vote. The next phase involves drafting an Aave improvement proposal (AIP) that will be voted onchain. Read more

BitGo confidentially submits S-1 filing to the Securities and Exchange Commission amid $100 billion in assets under custody and growing international expansion. Digital asset custodian BitGo has filed paperwork to pursue an initial public offering (IPO) in the United States, highlighting the crypto industry’s continued push toward mainstream financial markets. On Monday, BitGo announced it had confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (SEC) for a proposed IPO of its Class A common stock. At the time of filing, no determination was made on the number of shares or price range of the stock offering. As of publication, the registration statement had not yet appeared on the SEC’s EDGAR database. Read more

A smart whale opened four positions worth over $120 million cumulatively, longing these four popular cryptocurrencies.

CryptoPunks remained the top NFT collection by market capitalization, with a valuation of $1.8 billion, according to NFT Price Floor. Ethereum-based non-fungible tokens (NFT) collections took over the latest seven-day sales rankings, accounting for nine of the top 10 collections by total sales volumes.  On Monday, CryptoSlam data showed nine of last week’s top 10 collections by sales volume were Ethereum-based NFTs, including popular collections CryptoPunks, Pudgy Penguins, Moonbirds and Azuki. The only non-Ethereum collection in the top 10 was the Polygon-based Courtyard NFTs.  Read more

NextGen Digital Platforms Inc. has officially entered the world of corporate crypto treasury strategies with the acquisition of $1 million worth of Bitcoin.  The post Canada’s NextGen Digital Launches Crypto Treasury Strategy with $1M Bitcoin Acquisition appeared first on Cryptonews.

A veteran hacker warns how quantum computing could quietly dismantle the cryptography securing Bitcoin and blockchains. A hacker-turned-defender warns that most of the industry is asleep on crypto’s existential threat: quantum computing. David Carvalho, CEO of post-quantum infrastructure firm Naoris Protocol, began hacking at the age of 13, experimenting with spam emails to attract job offers and gain attention from employers. Eventually, that curiosity shifted into formal cybersecurity work, where he used the same skills to defend systems instead of probing them. Today, he builds quantum-resilient systems for decentralized networks and claims that the cryptographic foundations of blockchains like Bitcoin and Ethereum are dangerously outdated. Read more

An unknown user bought 45 CryptoPunks, causing major NFT collections to surge—including Pudgy Penguins and its Solana token.

The Indian crypto exchange announced a recovery program of up to 25% for ethical hackers who can help recover the stolen stablecoins. Indian cryptocurrency exchange CoinDXC announced a recovery effort after falling victim to a $44 million exploit on Friday, with the firm pledging a bounty for ethical hackers who help retrieve the stolen funds. CoinDXC’s internal accounts used for “liquidity provision” were exploited on Friday, leading to $44 million worth of cryptocurrency being stolen, while user funds remained unaffected. In an effort to recover the stolen funds, CoinDCX CEO Sumit Gupta announced a new recovery bounty program that offers white hat hackers up to 25% of any recovered funds they can help trace and retrieve. Read more