Crypto

Shiba Inu (SHIB) is gaining momentum as the project announces a groundbreaking move – a community election to choose the next leader of its $7 billion “state network.”The token has edged higher following the news, with developers framing the vote as a major step toward full decentralization.Shytoshi Kusama, the most prominent figure behind the Shiba […] The post Shiba Inu Price Prediction: SHIB’s Top Developer Kusama Calls for Historic Election – $10 SHIB Possible? appeared first on Cryptonews.

Union Jack Oil’s new Bitcoin mining plan could turn stalled gas wells into early cash flow, potentially paving the way for one of the UK’s first corporate Bitcoin treasuries. Union Jack Oil, a publicly traded UK energy company, has announced plans to convert natural gas from its West Newton site into electricity to power Bitcoin mining, marking what could become one of the country’s first “oil-to-crypto” monetization projects. The move could generate early cash flow from wells that would otherwise remain undeveloped, the company said on Thursday in an operations report. The project is being pursued in partnership with Rathlin Energy and Texas-based 360 Energy, which specializes in turning stranded or flared gas into power for on-site data centers. Read more

An Australian crypto laundering investigation has brought charges against barrister Dimitrios Podaridis, Peter Delis, Bassilios Floropoulos and Harry Tsalikidis. ASIC alleges they funneled funds from fake bond schemes into offshore accounts and crypto exchanges between January and July 2021. The post Australian Crypto Laundering Crackdown: ASIC Charges Four Over $35M Fake Bond Scam appeared first on Cryptonews.

Sui ($SUI) has advanced 8.7% toward $4 on growing institutional interest and DeFi traction. Mill City Ventures has allocated $450 M, AMINA Bank has begun regulated custody, TVL has topped $2.09 B, and integrations such as zkTunnels and Google Cloud have bolstered enterprise adoption. The post Sui ($SUI) Rallies 8.7% as $450M Institutional Bet Signals Fresh Run Toward $4 appeared first on Cryptonews.

The New York Department of Financial Services (NYDFS) has imposed a $48.5 million penalty on Paxos as part of its enforcement action against the stablecoin issuer, according to an Aug. 7 announcement. The settlement includes a $26.5 million civil monetary fine and mandates Paxos to spend an additional $22 million over three years to strengthen […] The post New York fines Paxos $48.5M over Binance-linked compliance lapses appeared first on CryptoSlate.

Built with Provenance Blockchain, NUVA offers institutional-grade tokenized assets like stablecoin securities and HELOCs. Web3 company Animoca Brands has launched a new marketplace for investors to access tokenized real-world assets (RWAs), fixing what its CEO calls a “fragmented” tokenization marketplace at a time of growing institutional interest in the technology. The new platform, called NUVA, was developed in partnership with ProvLabs, the organization behind the Provenance Blockchain, according to a joint announcement on Thursday. The NUVA marketplace will leverage Provenance Blockchain’s existing ecosystem of RWAs, which currently holds assets valued at approximately $15.7 billion. Read more

$ENA has surged 12% as trading volumes rebound and whales add over 1 B tokens, lifting FDV near $9.5B. Ethena has launched on-chain reserves audits and a Celestia-Arbitrum Layer-1 roadmap, while TON and Aave integrations expand stablecoin reach, though a rising wedge restricts near-term upside. The post $ENA Rises 12%: Whale Accumulation & $1 Breakout Potential appeared first on Cryptonews.

Trump’s executive order comes as a group of bank associations are trying to block bank applications from four digital asset firms. US President Donald Trump is set to sign an executive order on Thursday instructing federal bank regulators to identify and fine financial institutions that engaged in “debanking.” According to Bloomberg on Thursday, citing a senior White House official, regulators will be required to review complaint data, while financial institutions under the purview of the Small Business Administration will be asked to make efforts to reinstate clients who were unlawfully denied banking services. Debanking has been a key concern among some political groups, who argue that businesses such as gun manufacturers and fossil fuel companies have been denied banking services for idealogical reasons. Read more

ADA's price has plunged by 5% in the past week.

After failing to detect $1.6 B in suspect activity tied to Binance, Paxos has concluded a $48.5 M settlement with NYDFS that includes a $26.5 M penalty and a $22 M commitment to rebuild onboarding, transaction monitoring and cooperation with enforcement, showing tougher scrutiny for crypto custodians. The post New York Regulator Secures $48.5M Settlement From Paxos Over Binance Dealings appeared first on Cryptonews.

Calls and hopes for altcoin season are beginning to break down following the recent market retreat, but Bitcoin appears to be holding its ground. 

OpenAI launched GPT‑5 today, its most powerful model to date, making it available for free to all users.

Pudgy Penguins ($PENGU) has added 12% to trade at $0.0368, topping Solana’s token leaderboard with 567,000+ holders. A Robinhood Advanced listing and NFT momentum have spurred whale buying, but chart watchers eye a double-top breakdown that could deepen if volume stays light. The post Pudgy Penguins ($PENGU): Can Solana’s Top Token Maintain Momentum Above $0.037? appeared first on Cryptonews.

Tether has deepened its presence in regulated crypto markets, buying a minority stake in Spain-based Bit2Me and leading a €30M raise. Bit2Me has secured MiCA registration, offering EU-wide access. Backed by Tether, the exchange plans to grow in Europe and inflation-hit Latin America.   The post Tether Takes Minority Stake in Bit2Me, Leads $34M Investment Round appeared first on Cryptonews.

Cybersecurity firm SentinelLABS has uncovered a sophisticated scam campaign that has siphoned over $900,000 from unsuspecting crypto users. According to the report, the attackers use malicious Ethereum-based smart contracts disguised as trading bots to target individuals who follow seemingly educational content on YouTube. The report added that these scams have been active since early 2024 […] The post Fake Ethereum trading bots on YouTube help scammers steal over $900K appeared first on CryptoSlate.

The ETH treasury firm is selling shares of its common stock for $19.50 per share to raise funds that will go toward adding to its nearly $2 billion Ethereum stockpile.

Solana On-chain activity continues to break records – Solana price prediction now targets $1000 as adoption continues to outpace spot demand.  The post Solana Price Prediction: All-Time High Network Activity Signals $1,000 SOL Incoming  appeared first on Cryptonews.

Coinbase adds dYdX native network integration while geopolitical tensions drive investors toward decentralized alternatives.

An Ethereum sidechain joined XRP Ledger’s ecosystem in June.

Ripple has bought stablecoin platform Rail for $200M to pair its liquidity engine with Rail’s virtual accounts and collections tools. The union offers pay-in and pay-out corridors that omit balance-sheet crypto, supports XRP and RLUSD, and names BNY Mellon as RLUSD custodian. The post Ripple to Acquire Stablecoin Platform Rail for $200M – Impact on XRP Price? appeared first on Cryptonews.