Cointelegraph.com
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Cointelegraph.com - 12:43 Sep 09, 2025
Discover how Hyperliquid, a lean, self-funded layer-1 DeFi exchange, reached $330 billion in monthly volume in July 2025. Hyperliquid processed around $330 billion in trading volume in July 2025, briefly surpassing Robinhood. A split-chain design enabled CEX-like speed while keeping custody and execution onchain. The HLP vault and Assistance Fund buybacks aligned traders, market makers and token holders in a reinforcing loop. Read more -
Cointelegraph.com - 12:18 Sep 09, 2025
Ledger chief technology officer Charles Guillemet said that while the immediate danger had passed, the threat still exists. A recent Node Package Manager (NPM) attack stole just $50 worth of crypto, but industry experts say the incident highlights ongoing vulnerabilities for exchanges and software wallets. Charles Guillemet, the chief technology officer of hardware wallet company Ledger, said in a Tuesday X post that the attempted exploit was a “clear reminder” that software wallets and exchanges remain exposed to risks. If your funds sit in a software wallet or on an exchange, you’re one code execution away from losing everything,” he said, adding that supply-chain compromises remain a powerful malware delivery vector. Read more -
Cointelegraph.com - 12:10 Sep 09, 2025
Whale “0xa523” has racked up over $40 million in losses on Hyperliquid, overtaking James Wynn to become the platform’s biggest loser. Hyperliquid trader “0xa523” has overtaken James Wynn to become the platform’s largest losing whale, racking up over $40 million in losses in under a month, according to onchain data. In a Tuesday post on X, Lookonchain revealed that the trader’s downfall was driven by a string of high-leverage missteps, including a $39.66 million loss on Hyperliquid (HYPE), where he sold 886,287 tokens before the asset rebounded. Had he held the position, it would now be worth nearly $9 million more. He later lost over $35 million on a long Ether (ETH) position, flipped to a short, and then lost another $614,000. His current Bitcoin (BTC) short is also underwater, showing an unrealized loss of $1.8 million, according to data from Hyperdash. Read more -
Cointelegraph.com - 10:58 Sep 09, 2025
BTC price strength starts to convince traders that new highs are back on the table, but Bitcoin still needs spot-market support. Key points: Bitcoin revisits $113,000 before Tuesday’s Wall Street open amid talk of a new gold copycat move. That level becomes a recommendation for long entries, but not everyone is bullish. Read more -
Cointelegraph.com - 10:24 Sep 09, 2025
Ripple will provide crypto custody services to Spain’s BBVA bank, expanding its existing partnership amid MiCA-driven adoption by European banks. Ripple, the US blockchain firm behind the XRP cryptocurrency, will provide crypto custody services to Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA). According to a Tuesday announcement, Ripple’s agreement to provide crypto custody services to BBVA follows the bank’s recent announcement of its Bitcoin (BTC) and Ether (ETH) retail trading and custody service. BBVA will rely on Ripple’s institutional custody service to power services to its customers. BBVA’s head of digital assets, Francisco Maroto, said that Ripple’s custody service allows it to meet the necessary standards to “directly provide an end-to-end custody service.” Read more -
Cointelegraph.com - 01:50 Sep 09, 2025
Nasdaq-listed Lion Group currently holds 6,629 Solana and over one million Sui and plans to gradually convert it all into Hyperliquid tokens. Nasdaq-listed trading platform Lion Group Holding has announced plans to shift its entire stash of Sui and Solana into HYPE, the native token of the Hyperliquid blockchain. The Singapore-based trading platform said in a statement on Monday that it plans to exchange its Solana (SOL) and SUI (SUI) gradually over time to lower the average acquisition cost by “taking advantage of market volatility and accumulating HYPE at optimal prices.” Lion Group CEO Wilson Wang said the company’s shift to hold all Hyperliquid (HYPE) “through a disciplined accumulation process,” would “enhance portfolio efficiency,” and position the platform for “sustained growth.” Read more -
Cointelegraph.com - 01:16 Sep 09, 2025
An adviser to Russian President Vladimir Putin is accusing the Trump administration of using stablecoins and gold to devalue its $37 trillion in outstanding debt. An adviser to Russian President Vladimir Putin said the US is strategically using crypto and gold to devalue its debt to “urgently address the declining trust in the dollar.” “The US is now trying to rewrite the rules of the gold and cryptocurrency markets. Remember the size of their debt — $35 trillion. These two sectors (crypto and gold) are essentially alternatives to the traditional global currency system,” Anton Kobyakov said at a press briefing on Monday at the Eastern Economic Forum in Vladivostok, Russia, as reported by RussiaDirect. “As in the 1930s and the 1970s, the US plans to solve its financial problems at the world’s expense — this time by pushing everyone into the ‘crypto cloud,’” Kobyakov said. Read more -
Cointelegraph.com - 22:59 Sep 08, 2025
The task force has already conducted roundtables to address issues related to digital asset regulation while proposing changes to the commission's rules. The cryptocurrency task force with the US Securities and Exchange Commission (SEC) is planning to hold another roundtable that could lead to policy changes at the financial regulator. In a Monday notice, the SEC said the crypto task force, headed by Commissioner Hester Peirce, would host a public roundtable on financial surveillance and privacy on Oct. 17. The event will mark the sixth roundtable focused on issues related to digital assets at the commission’s Washington, D.C., offices since the departure of former SEC Chair Gary Gensler. “Understanding recent developments in privacy-protecting tools will assist the SEC and other financial regulators as we work on policy solutions in the crypto space,” said Peirce. Read more -
Cointelegraph.com - 22:31 Sep 08, 2025
Hackers broke into the node package manager (NPM) account of a well-known software developer and added malware to popular JavaScript libraries, targeting crypto wallets. Hackers have only managed to steal $50 worth of crypto from a massive supply chain hack affecting JavaScript software libraries, industry security researchers say. Crypto intelligence platform Security Alliance shared the findings on Monday after hackers broke into the node package manager (NPM) account of a well-known software developer and added malware to popular JavaScript libraries that have already been downloaded over 1 billion times, potentially putting countless crypto projects at risk. Ethereum and Solana wallets were specifically targeted, Security Alliance said. Fortunately, less than $50 has been stolen from the crypto space so far, the security firm said, identifying Ethereum wallet address “0xFc4a48” as what it believes to be the only malicious address so far. It added on X: The $50 figure was, however, bumped up from five cent... -
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
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