Ethereum Developer Pledges $500K to Tornado Cash Co-Founder's Defense Fund
Ethereum core developer Federico Carrone has donated $500,000 to the legal defense of Roman Storm, co-founder of Tornado Cash. This contribution follows Carrone's recent detention by Turkish authorities, which he stated motivated his support for the principle of code as free speech.
The Ethereum Foundation has pledged to match donations up to another $500,000. Storm faces potential retrial after a recent guilty verdict on one charge related to operating an unlicensed money transmitter. His defense fund aims to raise $7 million.
This case is seen as a landmark for decentralized protocols and developer responsibility.
https://cryptovka.ru/en/news/3698/ethereum-dev-s-500k-boost-a-stand-for-code-amid-legal-battles
Grayscale Introduces New Sui Ecosystem Trusts
Grayscale has launched two new single-asset trusts, offering accredited investors exposure to DeepBook (DEEP) and Walrus (WAL) tokens. These trusts are key components of the Sui infrastructure. DeepBook has processed $10 billion in volume, and Walrus secured $140 million in funding.
Sui's DeFi ecosystem has seen rapid growth, with its TVL reaching a high of $2.3 billion. The network is designed for high-throughput and low-latency transactions through parallel processing.
Institutional interest in Sui is increasing, with Mill City Ventures allocating significant funds to SUI tokens, leading to a 274% surge in its share price. These developments provide unprecedented institutional exposure and new avenues for clients and retail traders.
Web3 Promises to Secure Digital Bonds with AI Amidst Centralized Vulnerabilities
The recent replacement of GPT-4o by GPT-5 highlighted the fragility of user connections with AI companions. As these relationships deepen and the AI companion market is projected to reach $140 billion by 2030, the need for stable, user-centric frameworks is evident.
Web3 technologies offer a solution to the volatility of centralized AI. Concepts like NFTs for AI personality ownership, Decentralized AI (DeAI) for community-governed updates, and blockchain for data sovereignty can provide security and transparency. Smart contracts could also define AI behavior and evolution, ensuring user control and preventing unexpected alterations to cherished AI partners. This evolution is crucial as human-AI relationships become increasingly common.
https://cryptovka.ru/en/news/3696/beyond-the-breakup-how-web3-can-secure-your-digital-bonds-with-ai
Bitcoin Faces Resistance Near $123K, Altcoins Show Strength
Bitcoin (BTC) is encountering significant resistance at its all-time high of $123,218, prompting caution among some analysts. Potential indicators suggest a distribution phase, with a possible retracement to $95,000. The 20-day SMA at $116,779 highlights a balance, with a move above $123,218 targeting $135,000.
Meanwhile, Ether (ETH) demonstrates strong bullish momentum, fueled by record Spot ETH ETF inflows exceeding $1 billion. ETH has surpassed $4,366, targeting $4,868, with support at $4,094.
Other altcoins like BNB, Chainlink (LINK), and Uniswap (UNI) are also showing positive technical setups, with potential for further upside if key resistance levels are breached.
*This is not financial advice.*
Pantera Capital: Bitcoin Halving Cycle Accuracy Reaffirmed
Pantera Capital has highlighted the consistent accuracy of Bitcoin's halving cycles in predicting future price movements. Despite some market skepticism, their adherence to the four-year supply schedule has enabled precise forecasting.
In November 2022, Pantera predicted Bitcoin would reach $117,482 by August 11, 2025. Notably, Bitcoin closed above $119,000 on August 11, aligning closely with this forecast. This rally, exceeding 660% from the 2022 low, reinforces the predictive strength of these cycles.
However, the increasing institutional adoption, particularly through spot Bitcoin ETFs holding 7.1% of Bitcoin's supply, prompts debate on whether these traditional cycles will persist or be redefined by new market dynamics.
Peter Thiel Invests Heavily in Ethereum Treasury Company ETHZilla
Tech billionaire Peter Thiel has acquired a 7.5% stake in ETHZilla, a company formerly known as 180 Life Sciences that has rebranded to focus on accumulating Ethereum. The investment sent ETHZilla's stock soaring by nearly 207% in hours.
This move follows Thiel's earlier purchase of a 9.1% stake in BitMine, which holds over $5 billion in ETH. Thiel's consistent backing of Ethereum-focused ventures highlights his strong belief in the asset's long-term potential. His influence also extends to policy, with associates in key White House positions advocating for crypto-friendly regulations.
Bitmine Immersion Raises $24.5 Billion for ETH Dominance
Cryptocurrency mining giant Bitmine Immersion has announced a significant expansion of its fundraising efforts, now targeting $24.5 billion through common stock sales. This move aims to solidify its position as the world's largest Ethereum treasury, reflecting a growing trend of publicly traded firms accumulating ETH.
The company plans to offer shares at $0.0001 each. This expansion follows an initial $4.5 billion target. While the exact allocation for ETH purchases remains undisclosed, the strategy mirrors the approach taken by companies like MicroStrategy with Bitcoin.
Other firms such as Sharplink Gaming, BitMine, EtherMachine, and Bit Digital are also building substantial ETH treasuries. Analysts project these corporate holdings could eventually represent 10% of circulating Ethereum supply. This increased corporate demand has contributed to ETH's recent price surge, nearing its all-time high.
Trump Amasses $2.4 Billion in Crypto Ventures
Former US President Donald Trump has reportedly accumulated approximately $2.4 billion from various cryptocurrency-related ventures since 2022. These gains, detailed in a report by The New Yorker, represent 43.5% of his known personal wealth accumulated during his political career.
Key revenue streams include:
* NFT collections: $14.4 million
* Token sales (World Liberty Financial): $412.5 million
* UAE crypto deals: $243 million
* Bitcoin mining (American Bitcoin): $13 million
* BTC Treasury (Trump Media & Technology Group): $1.3 billion
* TRUMP memecoin: $385 million
The extensive crypto holdings have raised concerns among Democratic lawmakers regarding potential conflicts of interest and the possibility of foreign actors influencing policy through memecoins.
https://cryptovka.ru/en/news/3691/the-billion-dollar-crypto-shift-unpacking-trump-s-digital-fortune
Transak Raises $16 Million from Tether and IDG Capital to Expand Stablecoin Payments
Transak, a global fiat-to-crypto infrastructure provider, has secured $16 million in a funding round led by Tether and IDG Capital. The investment will be used to scale Transak's stablecoin payment infrastructure and operations in new markets.
Transak's platform, used by over 450 applications in more than 75 countries, facilitates seamless fiat-to-stablecoin transitions through a single API. The company has processed over $2 billion in transaction volume, with a significant portion attributed to stablecoins.
Tether CEO Paolo Ardoino noted the strategic importance of stablecoins as "the backbone of digital payments," highlighting Transak's role in providing the necessary infrastructure for their adoption. Transak holds regulatory approvals in the US, UK, EU, Canada, Australia, and India, with ongoing expansion into other regions.
$RIZE Token Lists on Revolut, Expanding Real-World Asset Access to 60 Million Users
T-RIZE Group's native utility token, $RIZE, has been listed on Revolut, a fintech platform with over 60 million users. This integration aims to enhance access to tokenized real-world assets (RWAs) within a regulated environment.
$RIZE functions as a utility token for the T-RIZE platform, facilitating access, payments, and governance in the tokenization process for asset owners and investors. The platform has already onboarded over $23 million in tokenized RWAs and has a commercial pipeline exceeding $2 billion.
"Our pipeline is genuine, and our ecosystem is expanding with each new listing and integration," stated Madani Boukalba, CEO of T-RIZE Group. "Being on Revolut validates our infrastructure and makes tokenized finance more accessible than ever."
Bitcoin Depot Reports 183% Profit Surge in Q2
Bitcoin Depot, a major crypto kiosk operator, announced a Q2 profit of $12.3 million, a 183% increase year-over-year. This growth was fueled by a rise in Bitcoin holdings' value and the expansion of its ATM network.
The company's Bitcoin reserves increased in value by $2.3 million in Q2, with 100 BTC holdings valued at $11.5 million as of June 30. Revenue grew 6% to $172 million, driven by new kiosk deployments and higher average transaction values.
Bitcoin Depot operates over 8,800 kiosks, with 3,300 installed in the past year and 1,700 more ready for deployment. The company raised $12 million in Q2 to fund further Bitcoin acquisitions, debt reduction, or M&A.
Strategic adjustments to regulatory changes, including in California, and international expansion, with 200 kiosks deployed in Australia, are key to their market consolidation efforts.
Coinbase Ad Controversy Highlights UK Crypto Advertising Scrutiny
Coinbase's recent commercial, "Everything Is Fine," has sparked debate in the UK regarding crypto advertising regulations. While CEO Brian Armstrong claimed the ad was "banned," it has appeared on platforms like YouTube via Channel 4.
The UK's advertising standards body, Clearcast, did not approve the ad for broadcast due to its portrayal of crypto as a solution to economic issues without sufficient evidence or risk warnings. The Advertising Standards Authority (ASA) has not banned the ad, indicating it was not approved for traditional broadcast rather than censored.
This situation highlights a discrepancy between TV and online advertising rules, with politicians advocating for stricter oversight on digital platforms. The complexity of these evolving regulations presents a significant challenge for crypto firms.
Decentralized Ledgers: The Key to Controlling AI
Concerns are mounting over the control and transparency of increasingly sophisticated AI systems. The current opaque, centralized development model raises alarms, drawing parallels to science fiction warnings of unchecked AI. Incidents where AI models resist shutdown commands highlight the risks of AI systems operating without robust oversight.
Decentralization offers a solution by embedding transparency and provenance into AI from the outset. Recording training data, model fingerprints, and inference traces on permanent, decentralized ledgers would create immutable audit trails. This allows for public verification of AI operations and facilitates cryptographically enforced control, enabling irreversible revocation of AI capabilities if necessary. Embracing these verifiable design patterns is crucial for ensuring AI acts safely and accountably.
Stablecoin Regulation: A Global Patchwork Paving the Way for Consolidation
Global stablecoin regulation presents a fragmented landscape with distinct frameworks like Europe's MiCA, the US's GENIUS Act, and Hong Kong's rules.
These divergent models, particularly regarding issuer eligibility and reserve requirements, force stablecoin issuers to build parallel compliance structures for each jurisdiction, increasing costs and operational complexity. This "compliance asymmetry" may lead to market consolidation, favoring larger, well-capitalized entities and stifling innovation by smaller firms.
While countries strategically position regulation to attract capital, the growing integration of stablecoins into global finance will likely drive a push towards convergence and alignment of baseline standards for reserves and risk mitigation. The US's GENIUS Act and Hong Kong's cautious approach are poised to influence future global norms.
Incentiv Enters Public Era: Revolutionizing On-Chain Rewards
Incentiv, an EVM-compatible Layer 1 blockchain, has launched with a focus on rewarding verifiable on-chain activity through its contribution-scored Proof of Work framework.
The network features the Incentiv+ engine, which collects transaction value and fees to redistribute rewards to miners, developers, liquidity providers, and users. This model ties payouts to real economic throughput.
An initial 26% of total $CENT token supply is allocated to the Community Rewards pool, with a Short-Term Growth Fund for launch support. Incentiv aims to become a self-sustaining system funded by network fees.
The public testnet has seen over 1.2 million wallets created and hundreds of thousands of testnet challenges completed. Key features include Advanced Account Abstraction, Unified Token for flexible gas payments, Passkey Wallets, Bundled Transactions, a Native DEX, and an Open SDK.
Restaking Poised for Institutional Adoption, Report States
Restaking, a significant development in crypto, is gaining institutional interest despite complexities. A P2P.org and Cointelegraph Research report highlights that while operational challenges and standardized risk assessment hinder adoption, institutional integration is considered inevitable.
Key obstacles include quantifying new risk vectors and the compounded slashing risks across multiple networks. Protocols need to offer reliable risk isolation and pricing.
The report identifies three integration models: self-controlled restaking, curated vaults, and Liquid Restaking Tokens (LRTs). Curated vaults are seen as the most effective for institutions, allowing strategic control while delegating operational tasks. Distributed Validator Technology (DVT) is also a game-changer, reducing slashing risk and single points of failure. Solutions like P2P.org’s SSV White-Label are lowering node operation costs.
As risk frameworks and solutions like curated vaults and DVT mature, institutional engagement in restaking is expected to grow, potentially making it a cornerstone of institutional crypto portfolios.
https://cryptovka.ru/en/news/3682/unlocking-institutional-capital-the-future-of-restaking
Pi Squared Unveils FastSet Protocol: 100,000+ TPS and True Decentralization
Pi Squared has launched its FastSet protocol, achieving over 100,000 TPS with sub-100ms finality. The protocol aims for 1 million TPS by mainnet.
FastSet validators can run on standard hardware costing under $1,000, significantly lowering participation barriers and promoting decentralization. The protocol breaks traditional blockchain constraints by processing independent claims concurrently, enabling theoretically unlimited transaction speeds without relying on bridges or centralized coordination.
This innovation is set to transform AI and Web3 by facilitating ultra-fast micro-payments for AI agents and enabling secure, cross-chain execution for DeFi and institutional finance, protected by ZK-proofs.
Ethereum's Evolving Destiny: Scaling, Incentives, and Web3's Future
Ethereum, a decade-old pioneer in smart contracts, is undergoing significant evolution. Its transition to Proof-of-Stake and the adoption of a Layer 2 scaling strategy, marked by upgrades like Dencun (introducing Blobs for efficient L2 data posting), have reduced L2 transaction fees by up to 90%.
However, this has led to lower L1 fees, impacting validator incentives. The community is debating how to maintain robust L1 incentives as L2s draw activity. Polygon Labs CEO Marc Boiron emphasizes Ethereum's strength as a decentralized settlement layer, rather than competing on execution speed with other L1s.
Despite these challenges, Ethereum's utility and on-chain metrics remain strong. Over 90% of tokenized real-world assets are built on Ethereum, with major players like BlackRock actively tokenizing securities on the network. Robinhood has also launched an Ethereum L2 for RWA and securities tokenization. This momentum positions Ethereum as a foundational layer for Web3 innovation.
Re Launches Institutional Reinsurance Products on Avalanche
Re, a decentralized reinsurance infrastructure platform, has expanded onto the Avalanche blockchain with new on-chain yield products: reUSD (Basis-Plus) and reUSDe (Insurance Alpha). The platform also introduced the Re Points Program to incentivize ecosystem engagement.
These offerings aim to connect global capital markets with blockchain's speed and transparency, bringing compliant, fully collateralized financial products from real-world insurance markets to DeFi. The products are KYC/AML-gated and integrated with Avalanche DeFi protocols.
CEO Karn Saroya stated, "On-chain institutional capital is looking for transparent, sustainable yield sources, and we believe reinsurance is DeFi’s most compelling new category." The Re Points Program rewards users for providing liquidity, staking, and platform engagement.
Capital Rotation: Investors Shift from Solana Meme Coins to Ethereum and Quality Altcoins
The crypto market is experiencing a significant capital rotation, with investors moving away from high-risk Solana meme coins towards Ethereum and established altcoins. This trend follows an 8.5% slump in Solana meme coins, significantly underperforming the broader market.
Ethereum's appeal is bolstered by substantial institutional inflows into its ETFs, totaling $10.87 billion, and significant ETH acquisitions by public treasury companies. Analysts note a growing institutional preference for assets with proven track records, operational history, and strong decentralization, such as Ethereum. This shift also benefits other quality-focused projects like Provenance Blockchain and Ethena.
The move indicates a maturing market where fundamentals and institutional adoption are increasingly influencing investment decisions.
Wisconsin Proposes Strict Regulation for Crypto Kiosks Amidst Fraud Surge
Wisconsin lawmakers have introduced companion bills in the Senate and Assembly to regulate cryptocurrency kiosks, responding to a significant increase in fraud. The U.S. Treasury reported a 99% surge in crypto kiosk fraud complaints in 2024, with losses nearing $247 million.
The proposed legislation mandates that kiosk operators integrate with the state's money transmitter licensing system and implement robust consumer protections. These include prominent "FRAUD ALERT!" warnings, stringent identity verification, daily transaction limits capped at $1,000, and mandatory refund policies for fraud victims. Operator fees would be capped at "$5 or 3 percent of the transaction amount," whichever is lower.
These measures aim to enhance transparency and safety, addressing the vulnerabilities exploited by criminals. Industry experts generally support the move, noting that increased regulation builds public trust, despite potentially limiting anonymity and high-value trades.
https://cryptovka.ru/en/news/3660/wisconsin-moves-to-regulate-crypto-kiosks-amid-fraud-surge
SwaggyX Launches AI-Powered Web3 Prediction Platform
SwaggyX.com has launched a new AI-powered Web3 prediction platform. The platform utilizes a peer-to-peer structure, allowing users to compete directly against each other in forecasting outcomes for cryptocurrency, sports, and global events.
Key features include AI-driven insights for trend analysis and content generation, a decentralized peer-to-peer model for transparency, and diverse prediction markets. SwaggyX aims to provide an engaging and educational environment for users interested in market dynamics.
S&P Global Assigns First-Ever Rating to DeFi Platform Sky Protocol
S&P Global Ratings has issued an issuer credit rating of ‘B-‘ to Sky Protocol (formerly Maker Protocol), marking the first time a major credit rating agency has formally rated a DeFi platform. The assessment evaluates Sky Protocol’s USDS and DAI stablecoins, focusing on their ability to maintain a stable value.
S&P rated USDS’s peg stability as "constrained" (4 out of 5). Concerns highlighted include high depositor concentration, centralized governance elements, regulatory uncertainty, and weak capitalization (0.4% risk-adjusted capital ratio). The rating indicates Sky Protocol can meet its obligations but is vulnerable to adverse conditions.
This development signifies a growing integration of DeFi with traditional finance and sets a precedent for future evaluations of crypto entities.
Samson Mow Predicts ETH to BTC Rotation Amidst Ether Surge
Bitcoin proponent Samson Mow predicts that Ethereum investors will rotate their gains back into Bitcoin after Ether reaches a sufficiently high valuation. This comes as Ether experiences a significant surge, approaching its all-time highs.
Mow, CEO of JAN3, suggests early ETH holders, many of whom sold Bitcoin to acquire Ether, will sell their ETH holdings to reinvest in BTC. He believes "no one wants ETH in the long run" and that ETH will face challenges breaking its all-time highs due to a "Bagholder's Dilemma."
This perspective contrasts with the ETH/BTC ratio, which has doubled from its recent low, showing Ether's outperformance. Market observers like Ted Pillows anticipate a "mini altseason" following Ether's new peak before capital flows back to Bitcoin, reflecting historical crypto market rotation patterns.
Willy Woo: Bitcoin's 1,000-Year Potential Depends on Capital and Custody
Bitcoin veteran Willy Woo has stated that Bitcoin has the potential to be the "perfect asset" for the next 1,000 years. However, he cautioned that its ability to rival the US dollar and gold is contingent on attracting significantly more capital. Woo highlighted that Bitcoin's current market capitalization is less than 11% of gold's and also trails the US dollar's money supply.
Woo also expressed concerns about the debt structuring of Bitcoin treasury firms, warning of a potential "Bitcoin treasury bubble burst" due to a lack of transparency. He also noted the increasing reliance on ETFs and pension funds for Bitcoin exposure, which could lead to government-led "rug-pulls" due to asset centralization.
Despite these concerns, Blockstream CEO Adam Back argued that companies are the most logical starting point for widespread Bitcoin integration, suggesting that businesses should integrate Bitcoin to leverage its future returns.
GreedyBear Hacking Group Steals Over $1M with Weaponized Browser Extensions
The Russian hacking group GreedyBear has reportedly stolen over $1 million in cryptocurrency in the past five weeks. Their primary method involves deploying 150 malicious Firefox extensions that mimic popular crypto wallets like MetaMask, Exodus, and Rabby Wallet, targeting international users.
GreedyBear utilizes "Extension Hollowing" to bypass security, uploading benign versions before updating them with malicious code. They also employ fake reviews to build trust. Once installed, these extensions steal wallet credentials. The group also distributes malicious Windows executables and operates phishing websites targeting crypto users.
Koi Security research indicates most attack domains link to a single IP address, suggesting a profit-driven criminal operation rather than state sponsorship.
Users are advised to install extensions only from verified developers, avoid pirated software, use official wallet software directly, and consider hardware wallets for significant holdings, purchasing them only from official manufacturers.
Embargo Ransomware Group Amasses $34M, Linked to BlackCat
The Embargo ransomware group has rapidly emerged as a significant threat, accumulating over $34 million in crypto-related ransom payments since April 2024. Operating on a ransomware-as-a-service (RaaS) model, Embargo has primarily targeted critical infrastructure in the US, including healthcare facilities.
Blockchain intelligence firm TRM Labs suggests a strong connection between Embargo and the BlackCat (ALPHV) operation, citing shared Rust programming language use, similar data leak site designs, and common wallet infrastructure. Embargo employs double extortion tactics, encrypting systems and threatening to leak sensitive data. The group favors targeting the healthcare, business services, and manufacturing sectors, with a preference for US-based victims.
To launder proceeds, Embargo utilizes intermediary wallets, high-risk exchanges, and sanctioned platforms like Cryptex.net. Approximately $18.8 million in crypto remains dormant in unaffiliated wallets, potentially to delay detection.
The UK is proposing a ban on ransomware payments for public sector bodies and critical infrastructure operators, alongside a mandatory reporting regime for certain ransom payments. Despite the rise of groups like Embargo, overall ransomware revenues saw a 35% drop last year, indicating potential progress in combating cybercrime.
Crypto Influencers Democratize Early-Stage Investment
Crypto influencers are challenging the exclusivity of traditional venture capital, opening early-stage investment opportunities to a wider audience. By leveraging social platforms and public on-chain analysis, they foster community-driven research and create direct pathways between promising projects and retail investors.
This transparency fosters unprecedented accountability, as influencers' own capital and reputations are at stake. This model contrasts sharply with the opaque practices of traditional VCs. As asset tokenization grows, those who champion education and community are set to unlock new financial frontiers.
Creator of Nyan Cat Earns $700K in Meme Coin Royalties, Remains Cautious
Chris Torres, the creator of the iconic Nyan Cat meme, has earned over $700,000 in fees from a meme coin launchpad. Despite this significant income, Torres emphasizes that he does not endorse these volatile digital assets, likening the meme coin landscape to the "wild west."
He has claimed nearly 4,000 SOL (over $706,000) through the Bags token launchpad, which allows users to launch tokens and assign royalties to X accounts. A Nyan Cat token on this platform briefly achieved a $12 million market cap. Torres maintains a cautious stance, stating he is unaware of who launches these tokens or how supply is manipulated.
Torres previously sold a one-of-one Nyan Cat GIF NFT for 300 ETH (valued at $690,000) in 2021 and has since helped other meme creators tokenize their work. He believes NFTs are a more natural fit for art in the crypto space than meme coins, which often focus on price appreciation.
Ether Targets $20,000 Amid Bullish Technical Indicators
Ether (ETH) is showing strong upward momentum, surpassing $4,000 for the first time since late 2024. Popular trader analysis suggests a new price target of $20,000, driven by ETH's movement within a seven-year rising price channel.
Historically, ETH has touched the upper boundary of this channel twice, with the last instance coinciding with its November 2021 all-time high. A third touch could lead to $20,000, with speculation of breaking the channel entirely for an even more significant rally. Technical indicators like "momentum coiling" and a "reset RSI" suggest readiness for a surge, fueled by a "massive short squeeze and institutional buying."
Despite its strength against the USD, ETH needs a 150% gain against Bitcoin (BTC) to reclaim its 2021 all-time high against the BTC pair. This period is crucial for Ether as it balances ambitious USD targets with regaining dominance against Bitcoin.
https://cryptovka.ru/en/news/3595/ether-s-20-000-horizon-is-eth-poised-for-a-historic-breakout
Tornado Cash Co-Founder Roman Storm Convicted of Unlicensed Money Transmitting
A jury found Roman Storm, co-founder of Tornado Cash, guilty of operating an unlicensed money transmitting business. However, the jury was deadlocked on charges of money laundering and sanctions violations.
Jurors requested transcripts and clarifications on specific events and wallets on sanctions lists, indicating the complexity of the case. The deadlocks on money laundering and sanctions highlight the challenge in proving criminal intent and conspiracy "beyond a reasonable doubt" in digital asset cases.
This verdict establishes a significant precedent for developers of privacy-focused crypto tools. The U.S. government's next steps regarding retrial remain uncertain. The case underscores the ongoing regulatory scrutiny of services perceived to facilitate illicit activities, impacting innovation, privacy, and compliance in the crypto space.
Ukraine Proposes Comprehensive Crypto Bill and Bitcoin Reserve Legislation
Ukraine is advancing its digital asset framework with a new crypto regulation bill slated for parliamentary reading by late August. The legislation aims to establish a legal structure for digital assets, aligning with European standards and allowing for the legalization of previously acquired digital assets via a 5% personal income tax and 5% military duty.
Furthermore, a separate bill introduced in June would permit the National Bank of Ukraine to incorporate cryptocurrencies like Bitcoin into its national reserves. Ukraine currently ranks as the fourth-largest government holder of Bitcoin, possessing 46,351 BTC. These moves reflect a growing trend among nations exploring digital assets as strategic resources.
Green Dildo Coin Controversy: Sex Toys Thrown at WNBA Games for Marketing Stunt
A meme coin project, Green Dildo Coin ($DILDO), has ignited controversy by throwing sex toys at WNBA games as a marketing tactic. The stunts, which have led to arrests, aim to boost token visibility and trading volume.
The WNBA condemned the actions, citing player safety and game integrity, and warned of ejections, bans, and prosecution for offenders. Despite criticism and legal repercussions, the $DILDO token saw a significant price surge, reflecting the speculative nature of meme coin markets. Future targets for similar disruptive stunts have been proposed, including the Boston Marathon and a Lady Gaga concert.
https://cryptovka.ru/en/news/3574/when-crypto-marketing-goes-wild-the-green-dildo-coin-controversy
Public Companies Embrace Digital Assets for Treasuries, Attracting Investors
Publicly traded companies are strategically shifting from traditional cash reserves to digital assets to attract a wider investor base. David Namdar, CEO of BMB Network Company, highlighted the growth of BNB Chain, noting his company's $500 million BNB-focused treasury vehicle was oversubscribed with nearly $2.3 billion in interest.
Joseph Onorati, CEO of DeFi Development Corporation (DFDV), discussed their Solana-based treasury. DFDV operates Solana validators, issues a liquid staking token (dfdvSOL), uses it as collateral in DeFi, and has tokenized its own stock on-chain.
Both CEOs believe companies building crypto treasuries will bridge traditional capital markets with digital assets, fostering mainstream adoption.
SEC Clarifies Stance on Certain Liquid Staking Activities
The U.S. Securities and Exchange Commission (SEC) has provided significant clarification, stating that certain liquid staking activities do not constitute securities offerings. This announcement offers much-needed relief to participants in the decentralized finance (DeFi) space.
The SEC's statement clarifies that, "depending on the facts and circumstances," specific liquid staking activities do not involve the offer and sale of securities, referencing key aspects of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Chairman Paul Atkins noted this as a "significant step forward in clarifying the staff’s view about crypto asset activities that do not fall within the SEC’s jurisdiction," potentially fostering a more predictable environment for innovation.
This development reduces regulatory uncertainty for specific liquid staking protocols, encouraging innovation and adoption. It may also set a precedent for future regulatory discussions on other crypto-asset activities.
However, this guidance is specific to certain activities and not a blanket exemption for all crypto endeavors. The nuances of "facts and circumstances" will be key for industry adaptation.
https://cryptovka.ru/en/news/3441/sec-greenlights-certain-liquid-staking-a-win-for-crypto-clarity
MEXC Ventures Invests $200M in Indonesian Crypto Exchange Triv
MEXC Ventures has made a significant equity investment in Triv, an Indonesian crypto exchange, valuing the company at $200 million. This strategic move signals MEXC's commitment to the Southeast Asian market.
Triv was chosen for its strong regulatory compliance, user base, and infrastructure. The investment will support Triv's expansion of services, liquidity, and infrastructure amidst Indonesia's evolving crypto regulations.
Founded in 2015, Triv serves over 3 million users and offers a wide range of digital assets and services. The partnership aims to enhance user experience and reflects MEXC Ventures' broader regional investment strategy.
Altcoins Lead Market Rebound: Ethereum, XRP, and Litecoin Show Strong Bullish Signals
Following a weekend dip, the cryptocurrency market is experiencing a strong recovery, with most top 100 cryptocurrencies posting gains. While Bitcoin shows a modest rebound, Ethereum, XRP, and Litecoin are exhibiting particularly strong bullish signals.
Ethereum has broken above key resistance, with robust technical indicators and market sentiment pointing towards a potential new all-time high this year. XRP's performance is bolstered by speculation around a spot XRP ETF and regulatory clarity, showing signs of healthy consolidation and accumulation. Litecoin has surged, outperforming BTC and ETH, with a 'golden cross' signal and strong ADX readings indicating potential for further upside, fueled by institutional interest and ETF speculation.
Key technical indicators like EMAs, ADX, RSI, and the Squeeze Momentum Indicator suggest sustained buying pressure, strong uptrends, room for growth, and potential breakouts for these altcoins.
AI Security Vulnerabilities: A Crypto Ecosystem Warning?
Nvidia has released a critical update for its Triton AI server, addressing severe vulnerabilities that could lead to AI model takeover and data theft. Cybersecurity firm Wiz identified flaws that, if chained, could allow an attacker to gain full control of an AI server with initial access to a minor bug.
This incident highlights the parallels with the cryptocurrency ecosystem, which frequently combats exploits such as smart contract vulnerabilities, access control flaws, and unpatched software. The need for prompt patching and continuous security vigilance is paramount for both AI and digital asset security as cyber threats evolve.
https://cryptovka.ru/en/news/3393/ai-security-breaches-a-warning-for-the-crypto-ecosystem