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
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
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
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
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
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
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