The disappearing Satoshi statue, symbolizing Bitcoin’s anonymity, was stolen in Lugano. Organizers are offering 0.1 BTC to anyone who helps retrieve it. A statue honoring the mysterious Bitcoin creator Satoshi Nakamoto has been stolen from Parco Ciani in Lugano, Switzerland. The theft was confirmed by Satoshigallery, the group behind the global Satoshi statue initiative, which is now offering a 0.1 Bitcoin (BTC) reward (worth over $11,000) for information leading to its recovery. “Where is Satoshi?” the group posted on X on Sunday. “You can steal our symbol but you will never be able to steal our souls,” the statement read, reaffirming their commitment to install the statue in 21 cities around the world despite the setback. Read more
SharpLink spent $108.57 million in USDC over 48 hours to acquire 30,755 ETH, raising its total Ether holdings to 480,031 ETH worth $1.65 billion. SharpLink has continued its aggressive accumulation of Ether, adding another 15,822 ETH, worth approximately $53.9 million, over the past several hours, according to onchain data. The purchases were split across multiple transactions, with the largest single transfer totaling 6,914 Ether (ETH), valued at $23.56 million, according to data from Arkham Intelligence. The new haul brings SharpLink’s total ETH holdings to 480,031 ETH, worth around $1.65 billion at current prices. The buying spree has been ongoing over the past 48 hours, during which the company spent $108.57 million in USDC to acquire 30,755 ETH at an average price of $3,530. Read more
Bitcoin and Ether could fall back toward the $100,000 and $3,000 level amid concerns of more tariffs, a sluggish credit market and slowed job creation, Arthur Hayes argues. Maelstrom Fund chief investment officer Arthur Hayes has warned that mounting macroeconomic pressures could drag Bitcoin back down to the $100,000 level — and he's already taken crypto profits in anticipation. Hayes linked the recent crypto pullback to renewed tariff fears sparked by the disappointing Non-Farm Payrolls report, which showed just 73,000 new jobs added in the US in July — a sign of economic fragility. Hayes also pointed to sluggish credit growth in major economies stunting nominal gross domestic product growth in warning that Bitcoin (BTC) and Ether (ETH) could fall further toward the $100,000 and $3,000 levels. Read more
XRP may be gearing up for a short-term rebound, crypto companies are beginning to return to the United States, and other news. Crypto companies are beginning to return to the United States as top officials signal a shift toward friendlier regulation and domestic growth. In a Thursday speech at the America First Policy Institute, SEC Chair Paul Atkins called on the country to “reshore the crypto businesses that fled,” reinforcing a broader effort by the administration of President Donald Trump to position the US as a global hub for digital assets. Treasury Secretary Scott Bessent said on Friday that the US has entered the “golden age of crypto” and issued a direct call to builders: “Start your companies here. Launch your protocols here. And hire your workers here.” Read more
A victim lost $908,551 in a crypto phishing scam 15 months after signing a malicious approval transaction. The scammer waited until two large deposits were made before striking. A crypto user lost $908,551 to a wallet-draining scam 458 days after unknowingly signing a malicious approval transaction, onchain data shows. The attack originated from an ERC-20 approval transaction — likely signed via a phishing site or fake airdrop — that gave the scammer’s wallet, “0x67E5Ae,” ongoing permission to access the victim’s funds. The scammer — linked to the notorious pink-drainer.eth wallet address — executed the theft on Aug. 2 at 4:57am UTC, stealing $908,551 worth of the USDC (USDC) stablecoin, Scam Sniffer pointed out on X. The theft came 458 days after the victim signed the phishing approval transaction on April 30, 2024. Read more