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Ethereum-focused firm The Ether Machine secured $654 million in private financing from Jeffrey Berns, aiming to go public with over 495,000 ETH on its books. Crypto company The Ether Machine secured $654 million in a private financing round, collecting 150,000 Ether from prominent Ethereum advocate Jeffrey Berns. The funds will be transferred to the company’s wallet later this week, according to a Tuesday report by Reuters. Berns, known for his early investments in Ethereum infrastructure and Web3 initiatives, will join the board of directors. The raise is part of the company’s broader strategy to build a substantial Ether (ETH) treasury ahead of its anticipated Nasdaq debut later this year. Read more
Ethereum’s largest testnet, Holešky, will be sunset in the coming weeks after two years of rigorously testing Ethereum’s most important network upgrades. Ethereum’s largest testnet, Holešky, will sunset as part of a planned shutdown and migration to the Hoodi testnet following several technical issues earlier in the year. The foundation said Monday that Holešky will be shut down two weeks after the Fusaka upgrade is finalized on the network. The upgrade is proposed for sometime in the second half of September. “After this, Holešky will no longer be supported by client, testing or infrastructure teams,” it said. While the exact date isn’t clear, Ethereum core developers are looking to launch Fusaka on mainnet in November — so it must happen well before then. Read more
An X user known as Princess Hypio said they lost $170,000 in crypto and NFTs to a scammer who infiltrated a Discord server and pretended to have mutual friends. Update Sept.1, 11:30 pm UTC: This article has been updated to include information from Halborn’s chief information security officer. Last month, crypto user and NFT artist Princess Hypio told her followers she lost $170,000 in crypto and non-fungible tokens after a scammer convinced her to play a game with them on Steam. While she was “mindlessly” playing with the scammer, they were secretly stealing her funds and hacking her Discord. The same tactic was used on three of her other friends, she wrote in a post on Aug. 21 on X. Read more
Coinbase and OKX are moving into Australia’s pensions through SMSFs, while the United States revamps rules on how crypto fits into retirement plans. Two of the largest centralized cryptocurrency exchanges, Coinbase and OKX, are introducing services for self-managed superannuation funds (SMSFs ) in Australia, giving individuals new ways to add cryptocurrency to the country’s retirement savings system. While Australians have been able to hold digital assets in SMSFs for several years, Coinbase and OKX are now packaging that access into dedicated products, Bloomberg reported on Monday. Instead of leaving investors to set up their own structures and manage custody independently, the exchanges offer services that combine referrals to accountants and law firms with integrated custody and record-keeping to meet audit requirements. Read more
Bitcoin’s hold over $109,000 hinges on this week’s US jobs report and other macroeconomic data. Key takeaways: Bitcoin whales rotating billions of dollars into Ether highlight weakening conviction in Bitcoin’s $108,000 support among major players. Bitcoin derivatives show rising liquidation risks with $390 million in leveraged longs at peril below $107,000. Read more
The crypto company tied to the US president and his family unlocked 24.6 billion tokens, making their holdings worth about $5 billion. An entity tied to US President Donald Trump’s family now holds about $5 billion worth of World Liberty Financial’s governance token (WLFI) after a significant unlock on Monday. According to World Liberty Financial’s website, DT Marks DEFI LLC and “certain family members” of Trump held 22.5 billion WLFI tokens. The company reported unlocking 24.6 billion WLFI tokens on Monday as part of a scheduled move to establish an initial circulating supply, briefly boosting the price to $0.40 before it fell to about $0.21 at time of publication. World Liberty previously said the holdings of its founders — including Trump and his three sons, Donald Trump Jr., Barron Trump and Eric Trump — would initially remain locked. However, Monday’s unlocking effectively gave the Trump family’s stake a valuation of about $5 billion based on the WLFI price at the time of publication. Read more
The United Arab Emirates has become a hot spot for the crypto industry as clear regulatory frameworks and no tax on crypto profits has driven interest in digital assets. RAK Properties, one of the largest publicly traded real estate company in the Ras Al Khaimah emirate of the United Arab Emirates (UAE), will start accepting cryptocurrency for international property transactions. According to a Monday announcement, RAK Properties will begin accepting payments in Bitcoin (BTC), Ether (ETH) and Tether’s USDt (USDT), among others. The move underscores the growing adoption of digital assets in the UAE, a sector projected to become one of the country’s largest in the coming years. Crypto transactions will be handled by Hubpay, a global payments platform based in the region. Hubpay will convert digital assets into the UAE’s local fiat currency before depositing them into RAK's accounts. Read more
Bitcoin bulls are trying to push the price back above $110,530, but bears continue to sell breakouts and the range highs. Will altcoins catch a bounce? Key points: Bitcoin bulls will have to quickly push the price back above the 20-day EMA to prevent a collapse to $105,000. The shallow pullback in select altcoins suggests that the investors are not hurrying to sell them as they anticipate the up move to continue. Read more
According to some Republican lawmakers, the first crypto-related priority in the Senate will be to pass legislation for market structure. After a monthlong break, the US Senate and House of Representatives are scheduled to return to conducting government business, which includes key policies affecting the cryptocurrency and blockchain industry. Both chambers of the 119th session of the US Congress went on recess weeks ago as part of their schedule established in January. The move effectively paused any work toward passage of a bill to establish digital asset market structure, consider the nomination of Brian Quintenz to become chair of the Commodity Futures Trading Commission (CFTC), and legislation containing a provision for restricting a central bank digital currency (CBDC). One of the first legislative items on Republicans’ agenda upon their return will be to pass a bill establishing crypto market structure out of a committee and for a floor vote. Read more
The World Liberty Financial token, WLFI, began trading on several crypto exchanges on Monday. Here’s how traders can avoid scams. After months of speculation, the Donald Trump–backed World Liberty Financial (WLFI) token began trading Monday morning. However, confusion remains around the token’s unlock schedule, supported exchanges and distinguishing the legitimate WLFI from a wave of imitations. WLFI is the native token of World Liberty Financial, a decentralized finance (DeFi) platform founded in 2024. While its utility has been kept deliberately vague, the project promotes itself as a bridge between traditional finance and DeFi. WLFI functions as the platform’s governance token, giving holders voting power over protocols and strategic decisions. On Monday, the project confirmed WLFI is officially live with a total supply of 24.66 billion tokens, allocated as follows: Read more
Discover the richest crypto founders, tech CEOs and digital asset moguls of 2025. From CZ to Vitalik Buterin, see who tops the crypto wealth ranking. Crypto wealth in 2025 is led by exchange founders and stablecoin creators like CZ, Devasini and Armstrong. Not all crypto billionaires are CEOs — Buterin shows protocol builders can rival corporate giants. A new wave of millionaires is rising from culture, entertainment and Web3-native models like Stake.com. Read more
XRP price is stuck in a downtrend, with several metrics suggesting that the sell-off could continue to $2 if the support at $2.70 is lost. Key takeaways: Declining onchain activity and decreasing open interest signal potential further losses. XRP technicals warn of a drop to $2 if $2.70 support fails. Read more
While Europe and the US debate AI and crypto rules, Singapore deploys live systems in hospitals and refines its crypto licensing through targeted enforcement. Opinion by: Zac Cheah, co-founder of Pundi AI The West is regulating itself into irrelevance. With Europe and the United States bogged down in committee meetings and legal drafts, Southeast Asia, specifically Singapore, is running live AI pilots in hospitals, refining crypto licensing through targeted enforcement, and attracting top global talent with a governance model that works. Singapore’s secret? A sandbox-first approach that treats innovation not as a threat, but as an opportunity to be carefully tested, not endlessly theorized. Read more
Binance launches Medá in Mexico, a regional crypto hub and regulated fintech driving fintech innovation across Latin America. Binance, the world’s largest centralized crypto exchange (CEX) by market capitalization, is expanding its operations in Mexico by launching a new local entity and a fresh investment commitment. Binance announced the launch of its new Mexico-based entity, Medá, in a statement shared with Cointelegraph on Monday. Medá is registered as an Electronic Payment Funds Institution (IFPE) and will operate as an independent division focused on advancing fintech services for Binance throughout Latin America. Read more
Learn how the SEC lawsuit that threatened XRP’s existence has turned into the cryptocurrency’s biggest strength in 2025. In December 2020, XRP (XRP) was under existential threat. But what almost killed it now appears to be its greatest strategic advantage. A US Securities and Exchange Commission bombshell on Dec. 22, 2020, caused XRP to crash 62%. It led to mass delistings and put the cryptocurrency in a legal grey area. The lawsuit against XRP operator Ripple Labs alleged that it had conducted the sale of $1.3 billion worth of securities since 2013. At the time, it was the final days of the first Trump administration, and it caught the crypto industry off guard. Read more
The Web3 industry is on track to surpass 5 billion cryptocurrency users, driven by blockchain usability and speculation during the next bull market cycle, according to industry insiders. The cryptocurrency industry may be just one cycle away from reaching full-scale mainstream adoption, making digital assets a globally accepted alternative payment means, according to industry insiders. There were an estimated 659 million cryptocurrency holders at the end of 2025, according to a December research report from centralized exchange Crypto.com. However, continuing cryptocurrency adoption may see the industry surpass 5 billion users within the next decade, according to Thomas Prévot, head of operations in France at Crypto.com. Read more
Lee Eok-won, South Korea’s Financial Services Commission chief nominee, dismissed cryptocurrency as highly volatile and lacking intrinsic value. Lee Eok-won, the nominee for chairman of South Korea’s Financial Services Commission (FSC), has made harshly critical remarks about cryptocurrency. According to a Monday report by local news outlet News1, Lee said that “crypto has extreme price volatility, lacks monetary function” and has “no intrinsic value.” He also wrote in answers questions submitted by lawmakers ahead of his confirmation hearing that “virtual assets differ from traditional financial products like deposits and securities in that they have no intrinsic value.” Lee explained that the volatility of cryptocurrencies makes it hard to imagine them acting as a store of value or medium of exchange. The report notes that the remarks attracted criticism from South Korea’s crypto industry. Read more
Warren Buffett’s Berkshire Hathaway seems to be increasingly fearful as others become greedy, which has historically preceded big crashes in the stock market. Key takeaways: Buffett’s growing cash appetite has historically preceded stock market crashes. A potential Nasdaq downturn will likely pull down Bitcoin, too. Read more
Discover the top Ether holders in 2025, from staking contracts and ETF giants to public companies and early whales. Around 70% of all ETH is held by just 10 addresses, but most belong to staking contracts, exchanges or funds, not individual whales. Nearly half of all ETH sits in a single smart contract: the Beacon Deposit Contract that powers Ethereum’s proof-of-stake system. Big institutions like BlackRock, Fidelity and listed companies now hold millions of ETH, turning Ether into a serious treasury asset. Read more
Metaplanet, Japan’s largest Bitcoin treasury firm, bought 1,009 BTC to reach 20,000 BTC in holdings while issuing millions of new shares. Japan’s top Bitcoin treasury firm, Metaplanet, just acquired 1,009 BTC, reaching 20,000 BTC of holdings just as the firm issues millions of new shares. According to a Monday Metaplanet announcement, the firm acquired 1,009 BTC and reached 20,000 BTC for 16.479 billion yen (nearly $112 million). On the same day, the firm announced the issuance of 11.5 million new shares last week, following an investor’s exercise of warrants to acquire stock. According to BitcoinTreasuries.net data, Metaplanet is currently the sixth biggest and top Japanese Bitcoin treasury. The firm paid an average price of $102,607 per Bitcoin, which results in a 6.75% profit compared to Bitcoin’s price at the time of writing. Read more8077 items