Crypto

The two men pleaded guilty to conspiracy to commit wire fraud in February and later received a letter directing them to “self-deport” from the United States. Two Estonian nationals who co-founded the cryptocurrency mining service HashFlare are scheduled to be sentenced on Thursday after pleading guilty to conspiracy to commit wire fraud as part of a plea deal with prosecutors. In a Monday filing, US prosecutors pushed back against many of the claims made by lawyers for HashFlare co-founders Sergei Potapenko and Ivan Turogin in their sentencing recommendation. The two men requested time served, while lawyers representing the US government have asked the judge to sentence them to 10 years in prison, arguing “the harm HashFlare’s victims suffered could not be more real.” Read more

The BETF fund, custodied by BitGo, will give investors in central Asia regulated, physically backed access to bitcoin through the Astana International Exchange.

Coming roughly two months after the company's blazing stock market debut, insiders are accounting for 8 million of the 10 million shares being sold.

BitMine has lifted its equity offering to $24.5B with a new $20B raise, accelerating Ethereum and ETH accumulation beyond 1.2M coins. Proceeds support validator infrastructure, corporate staking, and treasury strategies that may influence liquidity and market dynamics in the crypto sector. The post ETH Nears $4,500 as Its Biggest Whale BitMine Unleashes $20B War Chest to Buy More Ethereum appeared first on Cryptonews.

Bitcoin could pick up momentum above $120,000, with ETH, BNB, LINK, and UNI following suit. Key points: Bitcoin finds support at lower levels, but may face strong selling in the $120,000 to $123,218 zone. Net Ether ETF inflows of more than $1 billion on Monday suggest solid institutional demand.  Read more

Pantera’s Dan Morehead nailed his prediction for Bitcoin’s Aug. 11, 2025 price, made in November 2022 as BTC was nearing its bottom. Pantera Capital’s adherence to the Bitcoin halving cycle enabled it to predict Bitcoin’s price with striking accuracy in 2022, underscoring how the asset’s supply schedule can influence valuations, even as skepticism about the cycles grows. In November of that year, Pantera published a price chart mapping Bitcoin’s (BTC) halving rallies and showing diminishing returns after each four-year epoch. Factoring in the typical timing between market bottoms and post-halving rallies, the firm projected Bitcoin would hit $117,482 by Aug. 11, 2025. On Aug. 11, Bitcoin closed above $119,000, according to Coin Metrics data cited by CNBC. Read more

Ethereum (ETH) climbed over 5% on Aug. 12 to a multi-year high above $4,500, marking its highest price since December 2021. The increase coincided with corporate treasury purchases, record inflows into U.S. spot exchange-traded funds (ETFs), and growing expectations that the Federal Reserve will lower interest rates at its September policy meeting. The latest price […] The post Ethereum hits multi-year high above $4,500 amid ramping corporate, institutional interest appeared first on CryptoSlate.

Tech billionaire Peter Thiel and related entities now control a 7.5% stake in ETHZilla, which saw its stock triple in price Tuesday.

LINK gained 42% over the past week, the most among the top 50 cryptocurrencies by market capitalization.

BitMine, the largest corporate holder of Ethereum, filed an Aug. 12 filing with the US Securities and Exchange Commission (SEC) to expand its stock offering by $20 billion. The filing supplements the company’s earlier at-the-market (ATM) equity program worth $4.5 billion. BitMine’s equity offerings now stand at roughly $24.5 billion, almost 5x its previous total […] The post BitMine’s Ethereum strategy drives record stock gains with $20B expansion in play appeared first on CryptoSlate.

ETH open interest soared to a record high as Ether price rallied through $4,500. Is the rally sustainable? Key takeaways: Ether derivatives data shows weak demand for leveraged bullish positions. Corporations and TradFi favor independent layer-1 chains, challenging Ethereum’s dominance in decentralized finance. Read more

Fears of a network takeover have sent the price of Monero crashing down. And the XMR charts don’t look pretty.

Swissblock sees strong network growth but warns liquidity direction will decide Bitcoin’s move beyond recent highs or into pullback territory.

Do Kwon pleaded guilty to federal fraud charges in Manhattan court, with his sentencing set for Dec. 11. As Inner City Press reported on Aug. 12, Kwon admitted he orchestrated a cryptocurrency scheme that prosecutors allege caused over $40 billion in losses when LUNA and TerraUSD tokens collapsed in May 2022. His defense entered guilty […] The post Do Kwon pleads guilty on two charges, faces potential 12-year sentence appeared first on CryptoSlate.

Former Binance executive Ryan Horn joins Hilbert Group to advise on Syntetika, an onchain platform for tokenized funds, as global finance races to bring traditional assets to blockchain. Former Binance dealmaker Ryan Horn has joined the advisory board of Hilbert Group, a Sweden-based, publicly listed digital asset manager, to support the rollout of Syntetika, its onchain platform for tokenized assets and funds. At Binance, Horn secured high-profile partnerships, including a deal with football star Cristiano Ronaldo. Hilbert Group manages crypto-focused investment products for institutional and professional investors. Through algorithmic trading strategies, it applies a traditional asset management structure to digital asset markets, including regulated oversight and fund governance. Syntetika, now in development, will issue and trade tokenized funds under regulatory oversight. It will integrate Galactica’s zero-knowledge system to verify users without exposing personal information and give investors tokenized...

The second biggest cryptocurrency is approaching a new all-time high as the coin finds new use cases.

The broker has an outperform rating on MARA stock with a $28 price target.

Vitalik Buterin has explored the balance between idea-driven and data-driven thinking in blockchain governance, proposing principles-based safeguards informed by evidence to help decentralized systems adapt without losing direction. The post Vitalik Buterin Warns Against Ideology Overload in Blockchain – Here’s His Two-Part Fix appeared first on Cryptonews.

After a New York jury found the Tornado Cash co-founder guilty of one of three charges he had been facing, US authorities still have the option of filing for a retrial. Roman Storm’s legal team and US prosecutors have agreed to extend procedural deadlines that could affect retrying the Tornado Cash co-founder on conspiracy to commit money laundering and conspiracy to violate sanctions. In a Monday filing in the US District Court for the Southern District of New York (SDNY), Judge Katherine Failla approved a schedule agreed upon by Storm’s lawyers and the US government that will push the start of any potential retrial. Though prosecutors did not suggest whether they intended to retry Storm on the two felony charges, any scheduling on the matter would likely be pushed to later in 2025 beyond the 70-day deadline following “the conclusion of the initial trial.” Read more

Over the last seven days, bitcoin (BTC) has recovered and reclaimed the range lows it hit earlier this month. Amid the recovery, analysts at the crypto exchange Bitfinex say the leading cryptocurrency has returned to a warm, but not overheated zone. According to the latest Bitfinex Alpha report, macroeconomic events will determine bitcoin’s next direction […]