Cointelegraph.com
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Cointelegraph.com - 13:30 Aug 28, 2025
Rollup-based layer 2s destroy crypto’s trustless nature through centralized sequencers that control inclusion, ordering and execution of transactions. Opinion by: Steven Pu, co-founder of Taraxa The rollup-based layer 2s that are all the rage today are destroying crypto or, more precisely, the very trustless nature of crypto, by rapidly eroding its decentralized trustlessness. Crypto’s uniqueness comes from its trustlessness, powered by the underlying infrastructure primarily in layer 1s. The only way to be truly trustless is to be fully decentralized, where decisions are made dispassionately by a large and randomized set of nodes from all across the world, operated and owned by people who, in aggregate, have little to no connections. Read more -
Cointelegraph.com - 13:20 Aug 28, 2025
Global crypto hot spots are emerging everywhere, from Zanzibar to Sri Lanka and they all have one thing in common. As the blockchain and cryptocurrency industries scale globally, nations are no longer adopting a wait-and-see attitude; theyre actively competing for a slice of the pie. Governments are recognizing that Web3 is a revolutionary technology with wide-reaching implications for economies, governance and digital infrastructure, and countries are vying to attract the top talent to their shores. Whats emerging is a new network of crypto tech hubs: jurisdictions building regulatory clarity and fostering innovation to attract the most ambitious developers and companies in the space. The United Arab Emirates (UAE), Hong Kong and Singapore are among the best known, but there are many regions lining up to shape the next phase of decentralized innovation. But theres one thing that most crypto hubs have in common. See if you can spot what it is, but well let you know at the end. Read more -
Cointelegraph.com - 13:20 Aug 28, 2025
Global crypto hot spots are emerging everywhere, from Zanzibar to Sri Lanka and they all have one thing in common. As the blockchain and cryptocurrency industries scale globally, nations are no longer adopting a wait-and-see attitude; theyre actively competing for a slice of the pie. Governments are recognizing that Web3 is a revolutionary technology with wide-reaching implications for economies, governance and digital infrastructure, and countries are vying to attract the top talent to their shores. Whats emerging is a new network of crypto tech hubs: jurisdictions building regulatory clarity and fostering innovation to attract the most ambitious developers and companies in the space. The United Arab Emirates (UAE), Hong Kong and Singapore are among the best known, but there are many regions lining up to shape the next phase of decentralized innovation. But theres one thing that most crypto hubs have in common. See if you can spot what it is, but well let you know at the end. Read more -
Cointelegraph.com - 13:05 Aug 28, 2025
The record ESG-aligned tokenization efforts will prevent emissions that are about 105 times the yearly CO₂ emissions of Iceland. Wealth tokenization platform Arx Veritas and tokenization infrastructure firm Blubird are using blockchain technology to prevent nearly 400 million tons of CO₂ emissions, marking a record for the digital asset tokenization industry. The two firms have tokenized $32 billion worth of Emission Reduction Assets (ERAs) on Blubird’s Redbelly Network, aiming to set a “new standard” for the financing and tracking of sustainability efforts. The tokenized assets include capped oil wells and coal mines, representing over 394 million tons of prevented CO₂ emissions, marking the largest tokenization effort aligned with the Environmental, Social, and Governance (ESG) framework. Read more -
Cointelegraph.com - 12:27 Aug 28, 2025
The Sandbox co-founders, Arthur Madrid and Sebastien Borget, have transitioned to new strategic roles amid an ongoing business optimization, Borget told Cointelegraph. The Sandbox, a metaverse-focused subsidiary of Hong Kong-based Web3 firm Animoca Brands, is restructuring its operations, with its co-founders moving into new strategic roles. Co-founders Arthur Madrid and Sebastien Borget have transitioned as part of ongoing business optimization at The Sandbox, Borget told Cointelegraph on Thursday. Co-founder Madrid moved from CEO to chairman, while Borget takes on the role of global ambassador, representing The Sandbox at industry events worldwide. Read more -
Cointelegraph.com - 11:57 Aug 28, 2025
A significant portion of the almost $5 billion ETH awaiting withdrawal may be sold to lock in profits, considering Ether’s 72% climb over the past three months Ethereum is seeing the largest validator exodus in crypto history, with over 1 million Ether tokens currently waiting to be withdrawn from staking through Ethereum’s proof-of-stake (PoS) network. Ethereum’s exit queue surpassed 1 million Ether (ETH) worth $4.96 billion on Thursday. This marks the amount of Ether set for withdrawal by the network’s validators, who are responsible for adding new blocks and verifying transactions in proposed blocks, playing a vital role in the functioning of the blockchain network. The mass exodus has extended the validator exit waiting time to a record 18 days and 16 hours, according to blockchain data from validatorqueue.com. Read more -
Cointelegraph.com - 11:29 Aug 28, 2025
BitMart withdrew its application for a virtual asset service provider license in Hong Kong, joining several other major exchanges. Crypto exchange BitMart withdrew its application for a virtual asset service provider license in Hong Kong. According to the list of virtual asset trading platforms maintained by the Hong Kong regulator, the Securities and Futures Commission (SFC), BitMart withdrew its application on Thursday. This followed similar decisions by other crypto trading platforms. Major crypto exchange Bybit applied last year but withdrew its application at the end of May 2024. Similarly, OKX withdrew its application at the end of May, as did Gate. Read more -
Cointelegraph.com - 10:48 Aug 28, 2025
El Salvador President Nayib Bukele drew attention to lively betting activity on El Salvador’s Bitcoin holdings hitting $1 billion by late 2025. El Salvador President Nayib Bukele called attention to prediction markets amid increasing bets that the country’s Bitcoin holdings will hit $1 billion by year-end. Bukele took to X on Wednesday to tweet about Kalshi’s prediction market, which shows increasing betting activity on El Salvador’s Bitcoin (BTC) holdings hitting $1 billion by late 2025. “I could do the funniest thing right now,” Bukele said, as the odds of El Salvador hitting a $1 billion Bitcoin milestone before November jumped from 20% to 38% on Kalshi. Read more -
Cointelegraph.com - 10:15 Aug 28, 2025
XRP analysts remain confident of a bullish continuation with short-term targets around $4 and $20 for cycle tops. Key takeaways: XRP’s macro outlook remains bullish, with technical scenarios projecting a cycle top above $20, according to one analyst. XRP’s symmetrical triangle signals a potential bullish breakout targeting $4. Read more -
Cointelegraph.com - 09:54 Aug 28, 2025
About $1.17 billion will be released through cliff unlocks, while $3.36 billion will come from linear unlocks in September. Crypto projects are set to unlock about $4.5 billion in vested tokens in September, according to data tracker Tokenomist. Tokenomist data shows that about $1.17 billion will come from cliff unlocks, while $3.36 billion will be released through linear unlocks. About $4.5 billion in tokens will become available to investors, project teams and other stakeholders as vesting agreements expire. Cliff unlocks are typically larger, one-time token releases that happen at the end of a specified lockup period. This often affects the market more due to supply shocks. On the other hand, linear unlocks distribute tokens over time, which helps smooth out the impact on the supply. Read more -
Cointelegraph.com - 09:30 Aug 28, 2025
Bitcoin bulls are shrugging off the risk of fresh BTC price downside with a return to $113,000, but they have more work to do, said trader Peter Brandt. Key points: Bitcoin builds on 1.6% daily gains as bulls overcome a fresh round of BTC sales by an “OG” whale entity. Accumulation is in full swing across the board, research says, with interest mimicking April’s price rebound. Read more -
Cointelegraph.com - 09:23 Aug 28, 2025
Over 70,000 wallets piled into the YZY memecoin, but most lost money as its price collapsed by over 80%, underscoring the risks of celebrity-backed tokens. More than 51,000 traders incurred losses on Kanye West’s recently launched memecoin, highlighting the potential risks of trading celebrity-endorsed tokens with no intrinsic technological utility. The Kanye West-linked YZY token was launched on the Solana blockchain on Aug. 21. It rallied 1,400% within the first hour before losing over 80% of its value. Of the 70,200 traders who invested in the celebrity-endorsed token, more than 51,800 realized losses, with three traders losing over $1 million, according to blockchain data platform Bubblemaps. Read more -
Cointelegraph.com - 22:44 Aug 27, 2025
The company has posted $46.7 billion in revenue for the quarter, despite restrictive export controls from the US-China trade war. Computer chip manufacturer Nvidia reported its financial results for the second quarter of its 2026's fiscal year, beating Wall Street expectations for revenues and earnings per share (EPS). Nvidia reported Q2 revenue of $46.7 billion, a 6% rise over the previous quarter, and over $26.4 billion in net income. The company’s revenue was up by 56% from the previous year, according to Wednesday’s announcement. The company disclosed EPS of $1.08, using GAAP accounting, and $1.05 EPS for non-GAAP. Nvidia also posted a profit margin of around 72.4% for the quarter. Read more -
Cointelegraph.com - 22:35 Aug 27, 2025
Circle is embedding USDC into global payment networks as part of a broader push spanning Africa, Asia, Europe and the Middle East. Circle has unveiled two partnerships to embed stablecoins settlement into mainstream finance. New deals with Mastercard and Finastra aim to expand USD Coin's role to merchants and banks worldwide. Mastercard said on Wednesday that it will enable acquirers and merchants in Eastern Europe, the Middle East and Africa (EEMEA) to settle transactions in USDC (USDC) and Euro Coin (EURC). Arab Financial Services and Eazy Financial Services will be the first to adopt the service, marking the first stablecoin settlement available through Mastercard in the region. Finastra, a London-based financial software provider, also announced on Wednesday the integration of USDC into its Global PAYplus platform, which is said to processes more than $5 trillion in cross-border transactions daily. Read more -
Cointelegraph.com - 21:44 Aug 27, 2025
Google Cloud’s Web3 head used a LinkedIn post to brand the company's upcoming Universal Ledger as a neutral blockchain for financial institutions. Google Cloud’s head of Web3 strategy used a LinkedIn post to share new details on the company’s in-development layer-1 blockchain, the Google Cloud Universal Ledger (GCUL). Rich Widmann described the blockchain as the result of “years of R&D at Google,” designed to be credibly neutral and compatible with Python-based smart contracts. According to Widmann, GCUL is meant to serve as an open infrastructure layer for financial institutions. “Tether won’t use Circle’s blockchain — and Adyen probably won’t use Stripe’s blockchain,” he said, suggesting that Google’s network reported neutrality could help broaden adoption. Read more -
Cointelegraph.com - 21:04 Aug 27, 2025
A plan to halve Tron’s energy costs is winning strong support ahead of Friday’s deadline, with backers betting lower fees will expand adoption. A GitHub proposal to realign the Tron blockchain’s fee structure with broader adoption goals is gaining traction ahead of Friday’s voting deadline, signaling that network stakeholders are prioritizing accessibility — even at the risk of introducing net inflation in TRX supply. The proposal, titled “Decrease the transaction fees” (Issue #789), was submitted on Aug. 8 by GitHub user GrothenDI in the Tron Improvement Proposals repository. It calls for reducing the energy unit price to 100 sun from 210 sun, effectively halving the cost of transactions that consume energy. One TRON (TRX) token equals 1,000,000 sun — the smallest divisible unit of TRX, similar to a satoshi for Bitcoin (BTC). Read more -
Cointelegraph.com - 20:51 Aug 27, 2025
BNB Chain reportedly offers between 1.5% and 3% yield for staking its native token BNB, which may sweeten the pot for investors. REX Shares and Osprey Funds (REX-Osprey) have filed with the US Securities and Exchange Commission for a BNB exchange-traded fund (ETF) featuring staking yield. The filing comes as asset managers step up their push into crypto ETFs and yield-generating strategies. According to the filing, the REX-Osprey BNB + Staking ETF would allocate at least 80% of its capital to BNB (BNB), the native token of the Binance ecosystem, or gain exposure to the asset through a Cayman Islands subsidiary. The remaining assets could be invested in other ETFs or exchange-traded products offering additional BNB exposure. BNB staked on the Binance Chain, which uses a proof-of-staked-authority consensus, is estimated to generate annual yields of 1.5% to 3% for the network's validators. Read more -
Cointelegraph.com - 19:14 Aug 27, 2025
The software targets market abuse such as insider trading and manipulation across equity and crypto markets. The Commodity Futures Trading Commission (CFTC), a US financial regulator, is integrating a financial surveillance tool developed by stock exchange company Nasdaq in a bid to overhaul its 1990s infrastructure. Nasdaq’s software is focused on detecting market abuse, including insider trading activity and market manipulation in equities and crypto markets, Tony Sio, head of regulatory strategy and innovation at Nasdaq, told Cointelegraph. He said: The data fed into the monitoring system will be “sourced by the CFTC through their regulatory powers,” Sio said. Read more -
Cointelegraph.com - 18:38 Aug 27, 2025
$5 billion in ETH options expire on Friday, possibly opening the door for bulls to push through the $5,000 barrier. Key takeaways: Bullish strategies dominate the $5 billion Ether options expiry, giving traders an advantage if prices rise. Neutral-to-bearish strategies mostly failed below $4,600, leaving traders exposed as Ether rallied in August. Read more -
Cointelegraph.com - 17:30 Aug 27, 2025
BlackRock is emerging as the top custodian for Bitcoin and Ether as its ETFs continue to reshape market dynamics in 2025. Key takeaways: BlackRock’s iShares ETH ETF holds 3.6 million ETH, just 200,000 behind Coinbase. IBIT’s 745,000 BTC already surpasses Coinbase and Binance reserves. Read more
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