Cointelegraph.com
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Cointelegraph.com - 22:31 Sep 08, 2025
The USDm stablecoin, built with Ethena and backed by tokenized treasuries, will use its yield to subsidize Ethereum sequencer fees. MegaETH, an Ethereum layer-2 protocol backed by Vitalik Buterin, announced the upcoming launch of a yield-bearing stablecoin that might give it a different business model than traditional L2s, which drive revenue through transaction fees. The stablecoin, USDm, is being developed in partnership with Ethena, an algorithmic stablecoin protocol with $13 billion in total value locked (TVL). It will launch on Ethena’s USDtb infrastructure, which channels reserves into BlackRock’s BUIDL — a tokenized US Treasury bill fund with a $2.2 billion market cap and steady yield, according to RWA.xyz. Yield from the stablecoin’s reserves will reportedly be used to offset sequencer fees, the Ethereum gas costs a layer-2 incurs when publishing batches of transactions to the main chain. Read more -
Cointelegraph.com - 22:01 Sep 08, 2025
Hackers drained 193,000 SOL from SwissBorg’s Solana Earn program after a Kiln API was compromised, affecting 1% of users and 2% of assets. SwissBorg, a Switzerland-based crypto wealth management platform, said hackers exploited a vulnerability in the API of its staking partner Kiln, draining about 193,000 Solana tokens from its Earn program. The SwissBorg app and other Earn products were not impacted by the hack, the company wrote in a post on X. The stolen SOL (SOL) tokens were worth roughly $41 million at time of writing. The breach originated with Kiln, a staking infrastructure provider that powers yield products on blockchains such as Solana and Ethereum. Read more -
Cointelegraph.com - 21:44 Sep 08, 2025
The launch follows Nasdaq’s call for tighter scrutiny of corporate crypto holdings, which HashKey framed as a test for the industry. Hong Kong-based HashKey Group said it launched a $500 million investment fund targeting digital asset treasuries (DATs), initially focusing on exposure to Bitcoin and Ether's price performance. The fund is structured as a perpetual, institutional-only vehicle allowing regular subscriptions and redemptions, similar to an open-ended crypto hedge fund, HashKey said in a statement. Unlike a passive exchange-traded fund (ETF), HashKey’s fund is designed to invest in projects and companies deploying DAT strategies. The launch comes after Nasdaq announced enhanced scrutiny of listed companies’ crypto holdings on Thursday, a move HashKey framed as signaling a “survival of the fittest” stage for the industry. Read more -
Cointelegraph.com - 21:08 Sep 08, 2025
The NFT sector has yet to recapture the enthusiasm of 2021-2022, forcing many NFT-centric companies like OpenSea to pivot to more in-demand crypto use cases. NFT marketplace turned trading platform OpenSea on Monday said it launched a $1 million reserve dedicated to buying “culturally relevant" non-fungible tokens (NFTs). OpenSea kicked off its NFT reserve by buying a piece of digital art from the CryptoPunk collection — widely considered Ethereum's first NFT profile picture (PFP) collection. “To us, culturally relevant NFTs are works that have made an impact: creatively, socially, or technologically,” OpenSea Chief Marketing Officer Adam Hollander told Cointelegraph. “They might represent a defining moment in NFT history, introduce a new artistic style, or come from voices that haven’t been fully recognized yet.” Read more -
Cointelegraph.com - 20:05 Sep 08, 2025
Bitcoin derivatives markets showed persistent caution, with sentiment influenced by BTC spot ETF outflows and Strategy not being included in the S&P 500 index. Key takeaways: Bitcoin options skew and futures funding rates highlight persistent caution, despite BTC defending the $110,000 support level. spot Bitcoin ETF outflows and Strategy’s S&P 500 index negative decision continue weighing on trader sentiment. Read more -
Cointelegraph.com - 19:59 Sep 08, 2025
The president announced his “CryptoCity” plans would be developed in Alatau, while the government would move forward to create a strategic crypto reserve with “promising assets.” Kassym-Jomart Tokayev, the president of the Republic of Kazakhstan, laid out plans for the country’s AI and digital asset endeavours, which include a strategic cryptocurrency reserve. In an annual address on Monday, Tokayev said the government should create a “full-fledged ecosystem of digital assets as soon as possible” as part of efforts to “find effective ways to maximize the return of bank money to the economy.” He proposed having the country’s Agency for Regulation and Development of the Financial Market draft a law to this effect to be passed before 2026. Read more -
Cointelegraph.com - 18:34 Sep 08, 2025
The breach hit core JavaScript libraries such as chalk and strip-ansi, downloaded billions of times each week, raising alarms over the security of open-source software. Hackers have compromised widely used JavaScript software libraries in what’s being called the largest supply chain attack in history. The injected malware is reportedly designed to steal crypto by swapping wallet addresses and intercepting transactions. According to several reports on Monday, hackers broke into the node package manager (NPM) account of a well-known developer and secretly added malware to popular JavaScript libraries used by millions of apps. The malicious code swaps or hijacks crypto wallet addresses, potentially putting many projects at risk. Read more -
Cointelegraph.com - 18:07 Sep 08, 2025
Buyers are trying to sustain Bitcoin above $112,500, but the upside may remain capped until the whales reduce their selling and treasury companies increase their demand. Key points: Bitcoin could rally to $115,000 and then to $120,000, but the upside looks capped in the near term if the whales continue to sell. Select altcoins look strong and ready to break above their overhead resistance levels. Read more -
Cointelegraph.com - 18:05 Sep 08, 2025
Alex Mashinsky pleaded guilty to two felony counts in December, admitting in court to making false statements about the platform’s Earn Program. Former Celsius CEO Alex Mashinsky is scheduled to report to federal prison on Friday following a guilty plea and sentencing hearing. According to documents filed on May 12, a few days after Mashinsky’s sentencing hearing in the US District Court for the Southern District of New York, the former CEO is expected to surrender himself to authorities before 2:00 pm ET on Friday. The court recommended that Mashinsky serve his sentence at the Federal Prison Camp in Otisville, New York — a minimum security facility about 75 miles (120 kilometers) from New York City. Read more -
Cointelegraph.com - 17:44 Sep 08, 2025
From Bretton Woods to Bitcoin, a new Cointelegraph video unpacks why currencies lose value — and what it means for your savings. Not long ago, a $100 bill could cover dinner, a movie and drinks. Today, it might not even be enough for the meal alone — and in another decade, it’s likely to stretch even less. That’s not a fluke of bad luck but a feature of modern monetary systems: inflation is built in. In a new Cointelegraph video, we examine why money consistently loses value over time, and why governments actually want it that way. The story begins in 1944 with the Bretton Woods agreement, when the US dollar was tied to gold at $35 an ounce. That link ended in 1971 with the “Nixon Shock,” turning the dollar — and every major currency in the world — into pure fiat, backed only by government trust. Read more -
Cointelegraph.com - 17:18 Sep 08, 2025
Despite signs of cooling demand, crypto inflows in 2025 are outpacing last year’s, indicating that “sentiment is intact,” according to CoinShares. Publicly traded crypto investment products saw a decline in flows in early September, with weekly trading volumes sliding by 27%, according to CoinShares data. Lower trading volume pushed crypto funds to post $352 million in outflows over the past week, despite a positive outlook for riskier assets following a weak US jobs report and a potential cut interest rates in the US. According to CoinShares analysis, the slower activity was pushed by Ether (ETH) products and suggests mainstream investors’ falling demand for cryptocurrencies. “Trading volumes fell 27% week on week, this in combination with minor outflows suggests the appetite for digital asset has cooled a little.” Read more -
Cointelegraph.com - 15:51 Sep 08, 2025
The absence of new buyers, weak spot Ethereum inflows and declining network activity have put ETH price at risk of dropping to $3,500. Key takeaways: Declining spot buying and spot Ethereum ETF outflows signal weakening demand. ETH price technicals show a possibility of a drop to $3,5000. Read more -
Cointelegraph.com - 13:56 Sep 08, 2025
MoonPay, Agora, Paxos, Frax and others are challenging Stripe’s Bridge proposal to issue Hyperliquid’s USDH stablecoin, pushing for community rewards. Stripe is facing pushback in its bid to issue Hyperliquid’s planned USDH stablecoin, as a coalition of crypto firms, including MoonPay, Agora and Rain lined up competing proposals alongside Paxos and Frax. In a Friday Discord message, the Hyperliquid team announced it wants to create a “Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin” with the USDH ticker. This was followed by the Native Markets teams submitting the first proposal, which would see Stripe’s stablecoin payment processor, Bridge, issue USDH. Native Market’s proposal promised to contribute “a meaningful share of its reserve proceeds” to Hyperliquid’s Assistance Fund treasury, mint directly on the ecosystem and be regulatory compliant. Still, Agora co-founder and CEO Nick Van Eck submitted an alternative proposal, arguing against the Stripe-linked alternative: Read more -
Cointelegraph.com - 13:47 Sep 08, 2025
Professors and teachers are meeting the challenge of AI in the classroom by changing their methods. School is back in session, and educators are changing their methods to ensure students still learn as the tech becomes more ubiquitous in the classroom. Since the release of ChatGPT, students have found it easier than ever to cut corners, but educators believe it can provide an indispensable tool. John von Seggern, an educator and founder of the Futureproof Music School — an online school that teaches students electronic music production — told Cointelegraph that AI tutors can provide “true personalization at scale” with a one-on-one educational experience. Read more -
Cointelegraph.com - 13:43 Sep 08, 2025
The deal with Vine Hill Capital, which values CoinShares at $1.2 billion, will allow the company to be listed on the US Nasdaq Stock Market. European asset manager CoinShares has entered into a definitive business combination agreement with Vine Hill Capital Investment, a publicly traded special purpose acquisition company (SPAC). CoinShares announced Monday that the company will be publicly listed on the Nasdaq Stock Market in the US through the deal. This will allow investors to participate directly in trading CoinShares stocks, fueling its global expansion plans. A SPAC is a publicly traded shell company created with the sole purpose of merging with or acquiring an existing company. This allows a company to go public without going through the traditional initial public offering (IPO) process. Read more -
Cointelegraph.com - 13:30 Sep 08, 2025
The SEC’s proposed generic listing standards could streamline crypto ETF approvals from 240 days to just 60-75 days, opening doors for altcoin funds. Opinion by: Margaret Rosenfeld, chief legal officer of Everstake For years, the approval of crypto exchange-traded funds (ETFs) has been one of the most contested battles in financial regulation. The first applications for a Bitcoin (BTC) ETF date back more than a decade. Only in early 2024, after repeated denials and a court battle that forced the US Securities and Exchange Commission to reconsider, did spot Bitcoin ETFs finally gain SEC approval in the United States. The long road to that point underscored the regulatory caution, political scrutiny and structural complexity surrounding digital asset markets. Read more -
Cointelegraph.com - 12:54 Sep 08, 2025
Nasdaq has filed for a rule change with the SEC that would allow regulated exchanges in the US to trade tokenized stocks. Nasdaq, the world’s second-largest stock exchange by market capitalization, is seeking regulatory approval from the US securities regulator to list tokenized stocks. Nasdaq filed a request Monday with the US Securities and Exchange Commission (SEC) asking for a rule change that would allow the company to list tokenized stocks. The exchange operator specifically asked to amend certain rules, including the definition of a security, to trade tokenized stocks under the same execution and documentation rules as traditional securities, provided the tokenized versions are deemed equivalent. Read more -
Cointelegraph.com - 12:39 Sep 08, 2025
Forward Industry’s $1.6 billion SOL corporate treasury would be nearly triple the size of the largest existing Solana reserve. Nasdaq-listed design and manufacturing company Forward Industries secured $1.65 billion in cash and stablecoin commitments to launch a Solana-focused crypto treasury strategy. The company said Monday that it raised the largest Solana (SOL) treasury to date, led by crypto-native companies Galaxy Digital, Jump Crypto and Multicoin Capital. Other participants included C/M Capital Partners, which is one of Forward Industries’ existing shareholders. This follows a Bloomberg report in late August saying the three crypto giants were planning to raise $1 billion and take over a publicly-traded company to create the biggest crypto treasury dedicated to Solana. Read more -
Cointelegraph.com - 11:52 Sep 08, 2025
Strategy’s latest 1,955 Bitcoin acquisition brought its total BTC holdings to 638,460 BTC, purchased at an average price of $73,880 per coin. Michael Saylor’s Strategy, the world’s largest holder of Bitcoin, continued stacking the cryptocurrency as the BTC price edged up slightly last week. Strategy acquired 1,955 Bitcoin (BTC) for $217.4 million between Sept. 2 and 7, according to a Tuesday US Securities and Exchange Commission filing. The purchase was made at an average price of $111,196 per coin as the cryptocurrency briefly surged above $113,000 last Friday before slipping to around $110,000, according to CoinGecko. Read more -
Cointelegraph.com - 11:44 Sep 08, 2025
XRP price has painted a classic bullish reversal pattern against Bitcoin, eyeing gains of over 100% in the coming months. Key takeaways: XRP/BTC is up around 300% since Trump’s election victory. The pair could rally by another 100%-250% due to multiple bullish setups aligning. Read more
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