Cointelegraph.com
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Cointelegraph.com - 13:47 Aug 13, 2025
Ethereum's $1 trillion security initiative aims to attract institutional capital, but the chain’s transparent mempool enables $1.8 billion in malicious MEV extraction. Opinion by: Loring Harkness, Head of Commercial at brainbot GmbH and Shutter Earlier this year, the Ethereum Foundation launched a $1 trillion security initiative, a development in its wider campaign to tailor the chain’s image for its new audience of non-crypto retail investors, Wall Street and traditional financial institutions. On paper, the initiative is nothing but a good thing. Ethereum, recognizing its shortcomings, is refreshing. The proposed approach also offers a clear path to being “far greater” regarding security — a direction that will provide the industry we hope to attract to crypto with peace of mind. For Ethereum’s security problem, however, too much transparency is fundamentally the problem. Read more -
Cointelegraph.com - 13:45 Aug 13, 2025
A viral run on Zora pushed Base ahead of Pump.fun and LetsBonk, but Solana still leads in users, transactions and overall activity. Base is testing Solana’s dominance in token launches, with a recent burst of SocialFi activity pushing the Ethereum layer-2 network to the top of the industry’s leaderboard. In recent years, Solana has been the go-to chain for new tokens. Its low fees and high throughput are drawing traders away from Ethereum. It’s become a hub for memecoins, with launchpads like Pump.fun spawning tens of thousands of tokens daily. The surge on Coinbase’s Base is coming from a different kind of token economy, built on social media posts, viral moments and a new wave of creator tools. Coinbase recently introduced the Base App by rebranding its wallet, sparking a surge in SocialFi activity on applications like Zora. Read more -
Cointelegraph.com - 12:26 Aug 13, 2025
BTC price gains may be around the corner as institutional Bitcoin demand puts in a classic bullish move. Key points: Coinbase’s institutional Bitcoin trading volume hits 75%, something that has always seen the BTC price rise a week later. Institutions are buying a lot more Bitcoin than is being mined daily. Read more -
Cointelegraph.com - 12:10 Aug 13, 2025
Ethereum core dev Zak Cole lost funds after a malicious Cursor extension stole his private key, highlighting increasing wallet drainer attacks on builders. A core Ethereum developer said he was hit by a cryptocurrency wallet drainer linked to a rogue code assistant, underscoring how even seasoned builders can be caught by increasingly polished scams. Core Ethereum developer Zak Cole fell victim to a malicious artificial intelligence extension from Cursor AI, which enabled the attacker to access his hot wallet for three days before draining the funds, he said in a Tuesday X post. The developer installed the “contractshark.solidity-lang” that appeared legitimate with a professional icon, descriptive copy and more than 54,000 downloads, but it silently exfiltrated his private key. The plugin “read my .env file” and sent the key to an attacker’s server, giving access to a hot wallet for three days before funds were drained on Sunday, he said. Read more -
Cointelegraph.com - 11:39 Aug 13, 2025
Metaplanet has outperformed the Topix Core 30 index year-to-date, a benchmark tracking corporate giants like Toyota, Sony and Mitsubishi. Bitcoin-focused investment company Metaplanet has surged almost 190% year-to-date (YTD), leaving Japan’s largest and most liquid blue-chip companies in its wake. On Wednesday, Metaplanet released its earnings report for the second quarter of 2025. The report showed that the company’s YTD performance dwarfed the 7.2% average gain posted by the Tokyo Stock Price Index (TOPIX) Core 30, a benchmark tracking giants like Toyota, Sony and Mitsubishi Heavy Industries. Metaplanet’s standout performance in 2025 comes amid its aggressive Bitcoin (BTC) pivot, with the Tokyo-listed company expanding its treasury through regular purchases. Read more -
Cointelegraph.com - 11:32 Aug 13, 2025
The growing role of platforms like BitGo in spot Bitcoin products worldwide is a double-edged sword, according to market observers. BitGo, a US-regulated crypto custodian, will safeguard assets for Central Asia’s first spot Bitcoin exchange-traded fund (ETF), which debuted Wednesday on the Astana International Exchange in Kazakhstan. The Astana International Exchange (AIX), a stock exchange operating within the Astana International Financial Centre (AIFC) framework, announced the listing of the Fonte Bitcoin Exchange Traded Fund (BETF) on Wednesday. Managed by AIFC-registered asset manager Fonte Capital, BETF offers indirect investment access to Bitcoin (BTC) to a wide range of investors, including retail participants, AIX said. Read more -
Cointelegraph.com - 11:06 Aug 13, 2025
Ether inches closer to all-time highs as several bullish indicators align to support a rally into price discovery in the coming days. Key takeaways: ETH’s price jumped 10% today, inching toward its all-time high of $ 4,867. Over $2.3 billion flows into spot Ethereum ETFs over six days. Read more -
Cointelegraph.com - 10:50 Aug 13, 2025
The ballooning US deficit may lead to an increase in the money supply through quantitative easing, lining up a $132,000 Bitcoin price top in 2025. The US federal debt has reached a record $37 trillion, adding fuel to calls that rising deficits and potential money supply growth may underpin a Bitcoin rally to $132,000 by year’s end. “Thanks to the One Big Beautiful Bill Act, the debt just officially passed the $37 trillion mark,” said Representative Thomas Massie in a Wednesday X post. The US deficit has risen to its latest record high a month after US President Donald Trump signed the One Big Beautiful Bill Act into law on July 4, which he said would cut as much as $1.6 trillion in federal spending. Read more -
Cointelegraph.com - 10:41 Aug 13, 2025
Standard Chartered now sees ETH hitting $7,500 in 2025, fueled by record ETF and treasury buying, stablecoin growth and Ethereum network upgrades. Standard Chartered has raised its Ether price forecast for 2025 to $7,500, up from a previous $4,000 target, citing a surge in institutional buying and the accelerating adoption of stablecoins following recent US regulatory changes. In a report shared with Cointelegraph, the bank said Ether (ETH) treasury companies and exchange-traded funds (ETFs) have acquired 3.8% of all ETH in circulation since early June, almost double the fastest rate of Bitcoin accumulation by similar entities during the 2024 US election cycle. “A lot has changed since our last ETH forecast update in March,” Standard Chartered wrote. “The first strongly positive sign was significant industry engagement from the Ethereum Foundation and Etherialize, two of the organisations behind the Ethereum ecosystem,” it added. Read more -
Cointelegraph.com - 10:11 Aug 13, 2025
The NFT market cap has hit $9.3 billion, up 40% since July, as ETH tops $4,600 The non-fungible token (NFT) sector surged to a market capitalization of more than $9.3 billion as Ethereum-based collections increased along with the price of Ether. NFT data tracker NFT Price Floor showed on Wednesday that the overall market capitalization for NFT collections had hit $9.3 billion, a 40% uptick from July. According to DappRadar data, NFTs had a market capitalization of $6.6 billion last month. Ether (ETH), which recently pushed past the $4,000 milestone, has been a key driver behind the NFT market surge. At the time of writing, ETH traded above $4,600 and had a market capitalization of over $557 billion, according to CoinGecko. Read more -
Cointelegraph.com - 09:05 Aug 13, 2025
OKB skyrocketed after OKX unveiled a 65 million token burn, a fixed 21 million supply and major upgrades to its Polygon-powered X Layer network. OKB, the native token of crypto exchange OKX, gained almost 160% on Wednesday after the platform revealed an overhaul to its blockchain ecosystem and tokenomics, including a major burn. The rally, which briefly pushed OKB (OKB) prices as high as $135 from a daily low of $45, came as OKX confirmed it will conduct a one-time burn of 65,256,712.097 OKB from historical repurchases and treasury reserves. After the burn, the total OKB supply will be fixed at 21 million. OKX also revealed that it will upgrade its zero-knowledge Ethereum Virtual Machine (zkEVM)-based public chain, X Layer, “to build it into a leading public chain with a dedicated focus on DeFi, payments, and real-world asset (RWA) applications.” Read more -
Cointelegraph.com - 08:35 Aug 13, 2025
Explore the history of attempts to change Bitcoin’s 21-million hard cap and why it has proven to be hard to create an alternative to the apex asset. A hard cap is the maximum supply of a cryptocurrency that can ever exist. It’s hardcoded into the blockchain’s code and sets a strict limit on how many tokens or coins can be created. This limit promotes scarcity, which can help boost the value of each token over time. Take Bitcoin (BTC), for example. Its creator, Satoshi Nakamoto, set a hard cap of 21 million coins. No matter how much demand there is or how many miners try to produce new Bitcoin, the supply will never exceed 21 million. Read more -
Cointelegraph.com - 08:03 Aug 13, 2025
Ethereum whale group “7 Siblings” sold $88.2 million in ETH within 15 hours as short-term traders locked in profits. The mysterious Ethereum whale collective known as “7 Siblings” has offloaded $88.2 million worth of Ether over the past 15 hours. Holding about 1.21 million Ether (ETH), valued at $5.6 billion, the group sold 19,461 ETH at an average price of $4,532, blockchain analytics platform Lookonchain revealed in a Wednesday post on X. Between Feb. 3 and April 7, the whale group acquired 103,543 ETH for $229.7 million at an average price of $2,219. The haul included a $42.2 million purchase of 24,817 ETH at $1,700 in early April, according to data accumulated by Lookonchain. Read more -
Cointelegraph.com - 01:00 Aug 13, 2025
BNY Mellon will manage and custody the assets backing OpenEden’s Moody’s “A”-rated tokenized US Treasury fund, expanding the bank’s presence in blockchain-based finance. Real-world asset (RWA) tokenization platform OpenEden partnered with The Bank of New York Mellon Corporation (BNY Mellon) to manage and custody the underlying assets of its flagship tokenized US Treasury product, TBILL. OpenEden announced the partnership Wednesday, bringing one of Wall Street’s largest and oldest custodians into the growing market for tokenized Treasurys. OpenEden said TBILL is the first tokenized US Treasury fund with a Moody’s “A” rating to have its assets managed by a global custodian. Read more -
Cointelegraph.com - 00:27 Aug 13, 2025
Coinbase has revived its fund to boost USDC liquidity in DeFi, starting with supporting the stablecoin on Aave, Morpho, Kamino, and Jupiter. Coinbase is relaunching its Stablecoin Bootstrap Fund first introduced in 2019 to boost the liquidity of the stablecoin USDC in a range of popular and emerging decentralized finance protocols. Coinbase said on Tuesday its first placements will provide USDC (USDC) liquidity into Ethereum-based lenders Aave and Morpho, and Solana-based trading platforms Kamino and Jupiter. “As we scale the fund over time and distribute liquidity across more protocols and stablecoins, we’re particularly eager to collaborate with pre-launch teams or those seeking to drive stablecoin growth from day one,” it added. Read more -
Cointelegraph.com - 22:45 Aug 12, 2025
Bitcoin bulls lift their price target to $137,000 as odds of a Federal Reserve rate cut increase. Key takeaways: July US CPI held steady at 2.7% year-over-year, boosting Fed rate cut bets to 93.9% for September. Key price support lies between $117,650 to $115,650, with a deeper drop potentially testing a CME gap at $95,000. Read more -
Cointelegraph.com - 22:27 Aug 12, 2025
Tron, Tether, and TRM Labs expand their crime-fighting unit with Binance as the first T3+ partner, as industry data shows crypto hacks are getting faster and harder to stop. Tron, Tether, and TRM Labs say their joint financial crime unit has frozen more than $250 million in illicit crypto assets since launching less than a year ago, and is expanding its reach through a new program that brings Binance on as its first member. Launched in September 2024, the T3 Financial Crime Unit (T3 FCU) is a public-private initiative designed to track and disrupt illicit blockchain transactions. The $250 million frozen is more than double the amount reported in the first six months after T3 FCU’s launch. In January, the unit disclosed it had intercepted over $100 million in illicit assets since its August 2024 debut. Read more -
Cointelegraph.com - 21:57 Aug 12, 2025
Federico Carrone, an Ethereum core developer, pledged $500,000 to the Tornado Cash co-founder’s legal fund after being detained in Turkey over alleged links to a privacy protocol. Ethereum core developer Federico Carrone said that he would contribute $500,000 to Roman Storm’s legal fund amid the Tornado Cash co-founder facing a potential retrial in New York. In a Monday X post, Carrone said his experience in Turkey led to the decision to increase his donation to Storm from $50,000 to $500,000. The developer reported that he had been detained by Turkish authorities for about 24 hours over alleged links to an Ethereum privacy protocol. “[A]fter what happened to me, I need to take a clear position,” said Carrone, adding: “I understand that the [Ethereum Foundation] will be matching donations up to another $500K for Roman Storm’s defense, which means our contribution can have double the impact. Our team is currently moving money to execute the transaction.” Read more -
Cointelegraph.com - 21:34 Aug 12, 2025
DeepBook and Walrus’s “Winter Walrus” are ranked outside of the top 10 Sui ecosystem protocols, according to DefiLlama. Grayscale announced the launch of two single-asset trusts linked to the Sui ecosystem on Tuesday amid a recent surge in activity on the network. According to an announcement, the two trusts are investment vehicles that provide accredited investors exposure to the native tokens of DeepBook (DEEP) and Walrus (WAL). The move comes almost a year after Grayscale launched its first Sui product. DeepBook is an onchain order book that has reportedly processed over $10 billion in volume. Walrus is a platform that offers programmable data storage. The Walrus Foundation raised $140 million from Standard Crypto and others in March 2025. Read more -
Cointelegraph.com - 21:00 Aug 12, 2025
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
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