Cointelegraph.com
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Cointelegraph.com - 22:08 Aug 04, 2025
Grayscale reappoints founder Barry Silbert as chairman and hires top Wall Street talent as it looks to defend its ETF revenue lead and sharpen its institutional edge. Grayscale Investments has expanded its executive team and board as part of its “next phase of growth,” adding four financial industry veterans to key leadership roles and reappointing founder Barry Silbert as board chairman. The expanded leadership team includes Diana Zhang as chief operating officer, Ramona Boston as chief marketing officer, Andrea Williams as chief communications officer and Maxwell Rosenthal as chief human resources officer. The newly appointed executives come from traditional finance firm like Bridgewater, Apollo, Goldman Sachs and Citadel. Read more -
Cointelegraph.com - 21:00 Aug 04, 2025
The GENIUS Act’s ban on yield could dampen the appeal of digital dollars, particularly as tokenization efforts in traditional finance gain momentum. The recent passage of the US GENIUS Act was widely celebrated as a major step forward for stablecoin adoption, but a key provision may curb the appeal of digital dollars compared to money market funds, raising questions about whether the bill’s authors were swayed by banking industry pressure to restrict yield-bearing stablecoins. The GENIUS Act expressly bans issuers from offering yield-bearing stablecoins, effectively preventing both retail and institutional investors from earning interest on their digital dollar holdings. Because of this, Temujin Louie, CEO of crosschain interoperability protocol Wanchain, cautioned against viewing the legislation as an unqualified win for the industry. Read more -
Cointelegraph.com - 19:41 Aug 04, 2025
Verb Technology is raising $558 million and rebranding as TON Strategy Co., becoming the first public company to hold Toncoin as a treasury asset. Verb Technology Company's stock skyrocketed more than 200% intraday on Monday after it announced a $558 million PIPE deal and a pivot toward crypto. The social commerce company said it plans to rebrand as TON Strategy Co., becoming the first publicly traded treasury reserve vehicle for Toncoin (TON), the native token of Telegram’s blockchain ecosystem. The offering included about 58.7 million shares and pre-funded warrants priced at $9.51. Investor enthusiasm around the company’s move into crypto sent the stock soaring to a high of $29.33 before settling to about $27 at time of writing, according to Google Finance. Read more -
Cointelegraph.com - 18:31 Aug 04, 2025
Bitcoin ETF netflows may be key in gauging market appetite as exchange order-book liquidity puts $116,000 top of the list for bulls. Key points: Bitcoin bounces as liquidation guardrails appear above and below price, making $116,000 a key level to watch. Expectations call for BTC price support to hold above $110,000 should bears take control. Read more -
Cointelegraph.com - 18:24 Aug 04, 2025
Triton is Nvidia’s open-source inference server designed to optimize AI model deployment, now at the center of newly disclosed security vulnerabilities. Technology company Nvidia released on Saturday a software update to patch vulnerabilities in its Triton server, which clients use for artificial intelligence models. The vulnerabilities, which cybersecurity company Wiz calls “critical,” could lead to the takeover of AI models, data theft and response manipulation if not patched. “Wiz Research found a chain of vulnerabilities that, when combined, could let an attacker with no prior access take full control of an AI server,” Wiz head of vulnerability research Nir Ohfeld told Cointelegraph. Read more -
Cointelegraph.com - 18:12 Aug 04, 2025
Web3 pump-and-dump schemes thrive on hype, anonymity, and unregulated markets; understanding their playbook is key to avoiding costly traps. Pump-and-dump schemes in Web3 manipulate a cryptocurrency’s price through coordinated buying along with misleading information and hype to lure investors in before a mass selling of a token, leaving it almost worthless. Decentralized anonymity and 24/7 unregulated trading make the industry particularly vulnerable to these manipulative investment schemes. A pump-and-dump follows four stages, including the token prelaunch, promotional hype building at launch, price pumping through buying action and a coordinated sell-off by orchestrators running off with profits. Read more -
Cointelegraph.com - 17:37 Aug 04, 2025
Former UK Chancellor and current Coinbase adviser George Osborne says the UK is falling behind in the cryptocurrency market, particularly when it comes to stablecoins. The United Kingdom is falling behind in the digital asset market, particularly in the area of stablecoins, despite the technology’s potential to help the country preserve its leading role in global financial services. That was a central message in a recent Financial Times op-ed by George Osborne, the former UK chancellor turned crypto lobbyist, who joined Coinbase as an adviser last year. “What I see makes me anxious. Far from being an early adopter, we have allowed ourselves to be left behind,” Osborne wrote, referring to his native UK. Read more -
Cointelegraph.com - 16:20 Aug 04, 2025
Bitcoin is trying to start a recovery from $112,000, but bears may pose a substantial challenge at $117,000 and then at $120,000. Key points: Bitcoin is trying to take support near $112,000, but higher levels are likely to attract selling by the bears. The deep pullback in several altcoins suggests the next leg of the up move may not happen in a hurry. Read more -
Cointelegraph.com - 16:03 Aug 04, 2025
The digital exchange operator and media company is eyeing an initial public offering of between $28 and $31 per share, regulatory filings show. Cryptocurrency exchange operator and media company Bullish plans to raise between $568 million and $629 million in a US initial public offering (IPO), having already drawn interest from major institutional investors. Just weeks after its initial IPO submission, Bullish submitted an updated F-1 document with the US Securities and Exchange Commission (SEC), outlining plans to issue 20.3 million shares, potentially valuing the company at up to $4.2 billion. If the IPO is approved, Bullish shares could begin trading as early as Aug. 12. Read more -
Cointelegraph.com - 15:56 Aug 04, 2025
Ether faces weak institutional demand and lacks catalysts, keeping ETH price tied to broader altcoin trends and economic uncertainty. Key takeaways: Ether’s futures and options data signal neutral‑to‑bearish sentiment despite recent price recovery. Institutional ETF outflows and a lack of catalysts keep ETH from breaking $3,800. Read more -
Cointelegraph.com - 15:40 Aug 04, 2025
A cybersecurity expert warns that quantum computing could silently break Bitcoin, stockpiling encrypted data today to crack it in the future. Quantum computers could quietly break Bitcoin, and a former hacker says the countdown has already begun. David Carvalho, a one‑time teenage spam hacker turned CEO of cybersecurity firm Naoris Protocol, warns that the blockchain’s cryptographic defenses may not withstand the coming wave of quantum computing and AI‑driven breakthroughs. Read more -
Cointelegraph.com - 15:00 Aug 04, 2025
DeFi promised to rebuild the financial system from the ground up. Moving from early experiments to everyday utility demands an upgrade. Opinion by: Vikram Arun, co-founder and CEO of Superform DeFi already moves billions of dollars daily, lets anyone create new assets in minutes and rewards users with yields that banks can’t match. Using one app to find opportunities, another to bridge, a third to swap, a fourth to deposit and yet another to track your position — all while juggling wallets, chains and gas settings — doesn’t feel like a financial revolution. It’s more like a flight simulator where most pilots crash on the runway. That complexity must disappear if crypto upgrades global finance and surpasses the earliest risk-takers. But the answer isn’t just another protocol. It’s a re-architecture of how DeFi is built and used. One that pairs ownerless, composable infrastructure with productized, intuitive interfaces. Read more -
Cointelegraph.com - 14:46 Aug 04, 2025
A Power of 3 pattern suggests a $126,000 target for Bitcoin after a leverage reset, but BTC price must first flip its immediate resistance level into new support. Key Takeaways: Bitcoin’s Power of 3 pattern shows accumulation, manipulation and a possible distribution phase targeting $126,000. A $922 million liquidation event caused a major reset in leveraged positions, increasing the chances of a market recovery. Read more -
Cointelegraph.com - 14:10 Aug 04, 2025
A sophisticated supply chain attack on Seychelles-based crypto exchange BigONE led to a $27 million theft from hot wallets, without exposing private keys. The Seychelles-based cryptocurrency exchange BigONE confirmed that on July 16, 2025, it suffered a crypto supply chain attack that allowed cybercriminals to drain $27 million from the exchange’s hot wallets. With a sophisticated attack, the hackers compromised the exchange’s production network and gained access to the funds without ever accessing private keys. Read more -
Cointelegraph.com - 13:45 Aug 04, 2025
Nexus Mutual has paid about $250,000 in claims to users hit by July’s $3.5 million Arcadia Finance hack on Base. Update (Aug. 4 at 2:20 pm UTC): This article has been updated to add commentary by Phil Johnston, Nexus Mutual’s director of marketing. Crypto-native insurance alternative Nexus Mutual reimbursed customers who had lost money in a recent Arcadia Finance hack. According to a Monday announcement shared with Cointelegraph, Nexus Mutual reimbursed about $250,000 to users who lost funds in the Arcadia Finance hack. The protocol was hacked in mid-July for $3.5 million in USDC (USDC) and USDS on the Base blockchain, with stolen assets swapped to Wrapped Ether (WETH). Read more -
Cointelegraph.com - 13:11 Aug 04, 2025
French political party Rassemblement National is reportedly preparing a draft law to mine Bitcoin with surplus nuclear energy. Rassemblement National (RN), a French political party, is reportedly pushing to mine Bitcoin using surplus energy from nuclear power plants, signaling a shift from its leader’s previous anti-crypto stance. French newspaper outlet Le Monde reported last week that RN leader and three-time presidential candidate Marine Le Pen now backs using idle nuclear energy for Bitcoin (BTC) mining. She reportedly promoted the plan during a visit to the Flamanville nuclear plant on March 11. The party said the initiative will turn wasted electricity into “secure and extremely profitable” digital assets. According to Le Monde, RN lawmaker Aurélien Lopez-Liguori has spearheaded the proposal in the French Parliament, drafting a bill to install mining infrastructure at sites operated by the energy giant Électricité de France (EDF). Read more -
Cointelegraph.com - 12:49 Aug 04, 2025
Hyperliquid’s rapid response may boost confidence in decentralized trading platforms, which are gaining market share. Decentralized exchange Hyperliquid has reimbursed nearly $2 million to users affected by a brief outage last week, a move that may strengthen confidence in decentralized trading platforms. The Hyperliquid platform’s application programming interface (API) suffered an outage Tuesday, which saw traders sidelined from order execution for about 37 minutes before resuming operations, its website shows. On Monday, Hyperliquid issued refunds totaling $1.99 million in USDC (USDC) to affected users, onchain data from Hypurrscan shows. Read more -
Cointelegraph.com - 12:26 Aug 04, 2025
The Qubic mining pool, which is attempting a 51% takeover of Monero, is allegedly being hit by a distributed denial-of-service attack linked to the Monero community. Update (Aug. 4, 2025, at 1:50 pm UTC): This article has been updated to add commentary by XMRig developer Sergei Chernykh. A mining pool behind an attempted 51% takeover of Monero is reportedly under a distributed denial-of-service (DDoS) attack, disrupting the effectiveness of its attempt. In a Sunday X post, Sergey Ivancheglo, who claims responsibility for the takeover attempt, said the Qubic mining pool he controls is under a DDoS attack. He added that the attack resulted in the mining pool’s hashrate falling from 2.6 gigahashes per second down to 0.8 GH/s. Read more -
Cointelegraph.com - 12:03 Aug 04, 2025
An analysis of an OnlyFans model’s earnings suggests the so-called stripper index doesn’t hold up when applied to digital adult content and Bitcoin. The "stripper index” — an anecdotal measurement that connects economic health with spending on adult entertainment — appears unable to predict Bitcoin’s (BTC) price. Kodi Rose, a self-described “dollar stripper” and adult content creator, alluded to these frontline insights in a recent viral TikTok video, saying she believes the economy is already in a recession as fewer customers are asking where they can “hit the slopes,” a social code for cocaine. The digital equivalent of exotic dancers is adult content creators, and OnlyFans dominates the space. On the platform, users subscribe to creators and tip for extras. Read more -
Cointelegraph.com - 11:30 Aug 04, 2025
Solana-based memecoin platform Pump.fun saw its July revenue plummet to $24.96 million, down 80% from its January peak. Solana memecoin launchpad Pump.fun’s monthly revenue fell to a 2025 low in July, signaling a sharp drop in the memecoin creation sector after months of declining interest. According to data from DeFi analytics platform DefiLlama, Pump.fun generated $24.96 million in revenue last month, down 80% from its January peak of over $130 million. The platform’s revenue has steadily declined this year, decreasing to $90 million in February before plunging to $37 million in March, DefiLlama data shows. Read more
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