Cointelegraph.com
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Cointelegraph.com - 23:21 Aug 11, 2025
MARA Holding’s expansion into AI and high-performance computing is expected to close in Q4, and comes amid a steep rise in Bitcoin mining difficulty. Bitcoin miner MARA Holdings is making its biggest AI play to date, signing a $168 million deal to buy a 64% stake in Exaion, a subsidiary of French state-owned Électricité de France, one of the world’s largest low-carbon energy producers. The agreement, announced on Tuesday, includes an option for MARA to raise its stake to 75% by 2027 with an additional $127 million investment, contingent on performance milestones. Exaion develops high-performance computing (HPC) data centers and provides AI and cloud infrastructure in partnership with the likes of AI heavyweight Nvidia and Big Four accounting firm Deloitte. Read more -
Cointelegraph.com - 21:45 Aug 11, 2025
Paxos has reapplied for a US national trust bank charter after its 2021 conditional approval expired. Paxos Trust Company, the crypto infrastructure company behind PayPal’s PYUSD stablecoin, has filed to convert its New York limited-purpose trust charter into a US national trust bank charter, renewing an effort that expired in 2023. If approved, the federal charter, issued by the Office of the Comptroller of the Currency (OCC), would allow Paxos to custody customer assets and settle payments nationwide under federal oversight, potentially boosting its appeal to institutional clients. Unlike traditional banks, a national trust bank cannot accept cash deposits or issue loans. “OCC oversight will help build on our historic commitment to maintaining the highest standards of safety and transparency," Paxos co-founder and CEO Charles Cascarilla said in a statement. Read more -
Cointelegraph.com - 20:18 Aug 11, 2025
The US GENIUS Act may boost stablecoin adoption, but its ban on yield-bearing stablecoins could drive trillions into tokenized real-world assets. The landmark US GENIUS Act could serve as a major catalyst for stablecoin adoption both domestically and abroad. But rather than simply boosting demand for dollar-backed digital currencies, it may unintentionally push capital into the tokenization market as investors seek yield on their holdings. That was one of the key takeaways from a recent interview with Will Beeson, a former Standard Chartered executive and now founder and CEO of Uniform Labs, a developer of institutional liquidity solutions for tokenized financial markets. A central provision of the GENIUS Act is its blanket ban on yield-bearing stablecoins, which prevents holders from earning interest on their digital dollar balances. According to Beeson, this restriction will accelerate the flow of capital into tokenized real-world assets (RWAs). Read more -
Cointelegraph.com - 19:44 Aug 11, 2025
In January, the Terraform Labs co-founder pleaded not guilty to several charges, including securities fraud, market manipulation, money laundering and wire fraud. A federal judge overseeing the case against Do Kwon has scheduled a Tuesday conference at which the Terraform Labs co-founder “may enter a change of plea.” In a Monday filing in the US District Court for the Southern District of New York (SDNY), Judge Paul Engelmayer ordered the parties to appear in court on Tuesday, which could suggest that Kwon was preparing to change his plea for some or all of his charges. The Terraform co-founder initially pleaded not guilty to nine felony counts in January after a monthslong extradition court battle in Montenegro ended with his removal to the United States. Read more -
Cointelegraph.com - 19:05 Aug 11, 2025
The US Senate is not scheduled to be in session until Sept. 2, but Senator Elizabeth Warren offered a preview for how she may address the CLARITY Act. With Congress not scheduled to return from recess for a few weeks, some US lawmakers are already signaling how they plan to address crypto-related legislation passed by the House of Representatives in July. In a Sunday MSNBC Interview, Massachusetts Senator Elizabeth Warren, one of the more outspoken voices associating digital assets with illicit activities, said she supported regulation of the crypto industry. However, she suggested opposition to crypto market structure through the Digital Asset Market Structure Clarity (CLARITY) Act, introduced by Republicans and passed with bipartisan support in the House. “We need crypto regulation,” said Warren. “But we don’t need regulation written by the crypto industry that supercharges this kind of corruption. We need regulation that limits the corruption and the ability of elected officials to trade in it, that also ... -
Cointelegraph.com - 18:22 Aug 11, 2025
Blue Origin’s new crypto payment option joins a wave of blockchain ventures in aerospace, from NFTs minted in orbit to satellites running decentralized networks. Jeff Bezos’s Blue Origin has partnered with Shift4 Payments to let customers pay for trips to outer space in cryptocurrencies and stablecoins. According to a Monday press release, Blue Origin’s New Shepard tickets can be purchased in Bitcoin (BTC), Ether (ETH), Solana (SOL), USDt (USDT), and USD Coin (USDC). Blue Origin — which has flown more than 75 passengers past the Kármán Line, the internationally recognized boundary where Earth’s atmosphere ends and space begins — will accept direct payments from popular wallets like MetaMask and Coinbase. Read more -
Cointelegraph.com - 17:44 Aug 11, 2025
Bitcoin getting to $340,000 this cycle is a "very big ask," but over the past five years, BTC has already won the macro asset returns game, research shows. Key points: Bitcoin will beat its prior cycle’s gains for the first time if it makes it to $340,000 this bull market. While a “very big ask,” such a feat would make BTC the world’s second most valuable asset by market cap. Read more -
Cointelegraph.com - 16:44 Aug 11, 2025
The IPO is led by Wall Street heavyweights JPMorgan, Jefferies and Citigroup, SEC filings show. Digital asset exchange operator Bullish raised the target valuation for its initial public offering by almost 60% to potentially $990 million, a move that may reflect growing investor appetite amid renewed momentum in crypto-related stocks. Bullish now plans to sell 30 million shares at $32 to $33 apiece, Bloomberg reported Monday, citing recent regulatory filings with the US Securities and Exchange Commission (SEC). That’s nearly 60% higher than the upper range of its earlier target. If the IPO meets expectations, Bullish would debut with a market capitalization of about $4.8 billion — up from the $4.2 billion goal set in early August. Read more -
Cointelegraph.com - 16:08 Aug 11, 2025
Bitcoin is facing selling near $123,218, but it remains on track to hit a new all-time high as long as it sustains above $117,000. Key points: Bitcoin faces significant selling near its all-time high, but the bulls are keeping price above $120,000, indicating strength. Ether remains strong above its breakout level of $4,094, opening the doors for a further rally. Read more -
Cointelegraph.com - 15:46 Aug 11, 2025
XRP’s market cap is 2,200 times greater than its total value locked on XRPL, signaling heavy upside speculation among traders. Key takeaways: XRP’s $190 billion market cap far outpaces XRPL’s onchain activity, trading at 2,200x its TVL. Bearish RSI divergence hints at a possible drop toward $2.32. Read more -
Cointelegraph.com - 15:18 Aug 11, 2025
Sustained ETF inflows and corporate reserves could position ETH to outperform and challenge $5,000 for the first time. Key takeaways: ETH rallied 41% in a month, but derivatives data shows traders remaining cautious, not bullish. Institutional inflows and corporate Ether reserves suggest strong demand, yet recession risks cloud the outlook. Read more -
Cointelegraph.com - 15:00 Aug 11, 2025
Developing nations can use crypto to bypass financial constraints, hedge inflation and attract investment. Emerging economies are discovering crypto’s power. Opinion by: Andrei Grachev, managing partner at DWF Labs Bitcoin's role in sovereign finance is no longer hypothetical. As nation-states reassess reserve strategies amid inflation, sanctions and dollar volatility, crypto, particularly Bitcoin and stablecoins, is emerging as a neutral, programmable asset class with sovereign-grade utility. Read more -
Cointelegraph.com - 14:36 Aug 11, 2025
ALT5 Sigma is raising $1.5 billion through a 200 million-share sale to fund a corporate treasury centered on Trump-backed World Liberty Financial tokens. ALT5 Sigma Corporation agreed to sell 200 million shares of common stock for $1.5 billion to jumpstart its World Liberty Financial (WLFI) corporate treasury. According to the Monday ALT5 Sigma announcement, the company has registered a direct stock offering for 100 million shares and a concurrent private placement for an additional 100 million shares. Both offerings are conducted at $7.50 per share, or $750 million each. The announcement follows reports that World Liberty Financial (WLFI), a Trump family-backed crypto venture, is exploring the creation of a publicly traded company to hold its WLFI tokens. The firm is targeting roughly $1.5 billion in fundraising and aims to close the offering on Tuesday. Read more -
Cointelegraph.com - 14:35 Aug 11, 2025
Ethereum’s Fusaka upgrade arrives in November 2025, quietly boosting scalability and network resilience without changing smart contracts Ethereum’s upcoming Fusaka hard fork is slated for early November 2025, setting the stage for one of the most consequential Ethereum network upgrades in years. Unlike Pectra, the May 2025 fork that delivered visible changes like account abstraction and higher staking limits, Fusaka operates behind the curtain. It bundles 11 Ethereum Improvement Proposals focused on scalability, node resilience and efficiency, leaving smart contracts untouched. Read more -
Cointelegraph.com - 13:47 Aug 11, 2025
From a six-month runway in 2022 to a projected $50 million in 2025 revenue, Pudgy Penguins beat the NFT crash with a risky bet on toys. Just about three years ago, non-fungible token (NFT) brand Pudgy Penguins was nearing bankruptcy — now it’s projected to end the year with $50 million in revenue. CEO and owner Luca Schnetzler (better known as Luca Netz) built a fortune through Instagram before breaking into the toy industry. In the blockchain world, he was among the largest Pudgy Penguins holders, but like many in the community, he wasn’t happy with the collection’s price performance. In April 2022, the project was at an all-time low. He decided to strike, acquiring parent firm Igloo for $2.5 million in Ether (ETH). But soon, Netz had some hard choices to make. The Terra collapse in May 2022 sparked a prolonged bear market. NFT assets tanked in value, threatening to turn Netz’s acquisition into a failure. Read more -
Cointelegraph.com - 13:21 Aug 11, 2025
South Korean traders poured $259 million into Ether-hoarding firm BitMine in July, making it the country’s most-purchased overseas stock. South Korean retail investors are pivoting away from Big Tech stocks in the United States into high-risk, high-reward crypto-linked equities. A Yonhap News Agency report citing data from the Korean Center for International Finance (KCIF) said the percentage of crypto-linked stocks in the top 50 net-bought stocks by South Korean investors rose from 8.5% in January to 36.5% in June before declining to 31.5% in July. The report added that net purchases of the top US Big Tech companies dropped to $260 million in July, down 84% from a monthly average of $1.68 billion between January and April. Read more -
Cointelegraph.com - 12:11 Aug 11, 2025
Chainlink has partnered with NYSE-parent Intercontinental Exchange to integrate forex and precious metals data from ICE’s Consolidated Feed into Chainlink Data Streams. Blockchain oracle platform Chainlink partnered with the US-based Fortune 500 company Intercontinental Exchange (ICE) to bring foreign exchange and precious metals data onchain. Chainlink announced Monday that the collaboration will bring ICE’s Consolidated Feed, which aggregates market data from over 300 global exchanges and marketplaces, to the derived data sets that power Chainlink Data Streams. According to Chainlink, these feeds support over 2,000 decentralized applications (DApps) and major financial institutions to provide market information necessary to operate in tokenized environments. Read more -
Cointelegraph.com - 12:05 Aug 11, 2025
Michael Saylor’s Strategy added another $18 million in Bitcoin last week to mark the fifth anniversary of its BTC buying strategy, bringing its total holdings to 628,946 BTC. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made its first BTC purchases in August, marking five years since adopting Bitcoin as a treasury asset. Strategy acquired 155 Bitcoin (BTC) for $18 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin purchases were made at an average price of $116,401 per coin, with BTC starting the week at $114,000 and nearing all-time highs around $122,000 by Sunday, according to CoinGecko. Read more -
Cointelegraph.com - 11:40 Aug 11, 2025
Tether and Rumble have offered to acquire all shares of AI infrastructure operator Northern Data in a $1.17 billion deal that would make Tether Rumble’s top shareholder. Tether and Rumble proposed to jointly acquire all Northern Data shares, taking full control of the artificial intelligence infrastructure company. According to a Monday Rumble announcement, the deal would build on Northern Data’s existing AI and high-performance computing (HPC) operations. Tether, the issuer of the USDt (USDT) stablecoin and already Northern Data’s largest shareholder, would support the transaction. Tether has hinted at future collaborations involving AI, peer-to-peer communications and data storage solutions. Tether is the centerpiece connecting every company involved in the potential deal, with the firm investing $775 million in the anti-censorship YouTube alternative Rumble at the end of 2024. The two firms deepened their collaboration in May, when Rumble announced its USDT-supporting Bitcoin (BTC) and stablecoin wallet. R... -
Cointelegraph.com - 10:50 Aug 11, 2025
Bitcoin’s corporate adoption is increasingly resembling the “nationalization path” of gold leading up to 1971, presenting a new centralization concern, according to Willy Woo. Corporate crypto treasuries have surged past $100 billion, raising concerns among analysts that the United States may one day nationalize some of these holdings in a move reminiscent of the gold standard era. Corporate crypto treasuries have surpassed $100 billion of digital asset holdings, with Bitcoin (BTC) treasury firms amassing 791,662 BTC worth roughly $95 billion by the end of July, representing around 3.98% of the circulating supply. The growing corporate holdings may present a new centralized point of vulnerability for Bitcoin, which may see the world’s first cryptocurrency follow the same “nationalization path” as gold in 1971, according to crypto analyst Willy Woo. Read more
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