The Monero blockchain, known for its privacy-focused transactions, is facing one of its biggest challenges yet, a suspected 51% attack on the network. Blockchain security firm SlowMist reported that Qubic, a mining project, has been behind this attack. While the motive behind this attack remains unclear. However, this attack has severely impacted the Monero’s native …
Qubic’s claim of majority control over Monero’s hashrate sparks warnings of a potential 51% attack, reviving fears over one of crypto’s most disruptive network threats.
The privacy-focused Monero blockchain has suffered a 51% attack, meaning the network is not controlled by a single entity. On Aug. 12, Sergey Ivancheglo, known in the crypto community as “Come-from-Beyond” (CFB), claimed on X that Qubic had surpassed 51% of Monero’s network hash rate, saying: “Looks like Qubic has achieved 51% over Monero, we […]
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Metaplanet and the UK’s The Smarter Web Company added nearly $100 million in Bitcoin on Tuesday, boosting their positions among the largest public corporate BTC holders.
The MNT price is surging, and this ongoing August has seen 45% so far amid significant developments that include a key partnership, on-chain strength, and Ethereum’s own rally climbing to a new ATH. As a result, the MNT token is now trading above $1 threshold at $1.02 with a market cap of $3.42 billion, with …
SharpLink Gaming is solidifying its position as one of the world’s largest corporate holders of Ethereum, announcing a landmark of $400 million registered direct offering secured through partnerships with five major institutional investors. This move underscores the growing confidence institutional players have in ETH’s long-term potential and its aggressive accumulation strategy. Institutional Backing Pushes SharpLink Toward $3 Billion Milestone SharpLink Gaming has announced a $400 million registered direct offering agreement with five global institutional investors, which includes some of the largest in the world. The agreement marks one of the company’s most significant funding deals to date, bolstering its capital reserves and signaling strong institutional confidence in its growth strategy. Related Reading: Are Ethereum Treasury Companies A Threat To Bitcoin? Michael Saylor Reveals His Stance This capital injection adds to its unused $200 million at-the-market (ATM) facility, giving the company a powerful liquidity arsenal. In addition to these funding streams, SharpLink currently holds approximately 598,800 ETH in its treasury, and the company’s ETH holdings are expected to exceed an estimated $3 billion in value with the latest move. While SharpLink entered an agreement with investors to boost its ETH reserve, BitMine Immersion is also aggressively buying Ethereum. A recent report revealed that the company has become the largest ETH treasury in the world, holding more than 1,000,000 ETH in corporate reserves. The firm’s treasury now sits at a remarkable 1.15 million ETH, valued at approximately $4.96 billion at current market prices. Meanwhile, the scale and speed of this accumulation are unprecedented. In just over a month, the company has expanded its holdings from 163,000 ETH to more than a million, with a bold goal to stake 5% of the entire ETH supply. “In just a week, BitMine increased its ETH holdings by $2.0 billion to $4.96 billion (from 833,137 to 1.15 million tokens), lightning speed in the company’s pursuit of the ‘alchemy of 5%’ of ETH,” Thomas “Tom” Lee of Fundstrat, Chairman of BitMine’s Board of Directors, stated. How Ethereum Delivers Security And Alignment In an X post, BitDigital_BTBT emphasized that the company does not consider Ethereum a hedge, but the foundation of their entire investment strategy. The firm regards ETH as the most productive, secure, and aligned asset in the world, uniquely positioned to drive the future of finance. Related Reading: Ethereum Surpasses MasterCard In Asset Rankings, Bullish Targets Set Beyond its current role, BitDigital_BTBT sees ETH as a critical infrastructure layer that will fundamentally reshape how value is moved and settled in modern financial markets. With its robust technology and growing adoption, ETH holds the transformative power to rewrite the entire financial system, shaping the next generation of global economic interactions. Currently, Bit Digital holds over 120,00 ETH, but this is just the beginning. Specifically, their boldness is fueled by a deep conviction in ETH’s potential to transform the world of finance and beyond. The company believes that no other blockchain and technology platform comes close to matching ETH’s ability to reprogram finance. Featured image from iStock, chart from Tradingview.com
The transaction used the USDC stablecoin and tokenized Treasuries for instant weekend settlement on Digital Asset's privacy-focused blockchain.
Circle's Q2 financials showed $658 million in revenue, but a net loss of $482 million due to non-cash IPO-linked items.
Aave's dominance is particularly notable given its command of approximately 80% of outstanding debt on Ethereum.
The crypto crime-fighting initiative marks a major milestone as it launches a new collaboration program with Binance to boost enforcement.
The end of the almost five-year legal dispute will enable the agency to dedicate more time to developing clear regulatory frameworks, according to SEC Chair Paul Atkins.
SlowMist’s founder confirmed that the Qubic mining pool has successfully carried out a 51% attack on Monero. Qubic now controls most of the network’s hashrate, causing a significant chain reorganization. This control lets Qubic rewrite transaction history, perform double-spend attacks, and block transactions. Ledger’s CTO warned that sustaining this attack could cost around $75 million …
The crypto market has kicked off August on a high note, with many altcoins hitting fresh monthly highs. After weeks of steady gains, attention is turning to which tokens might deliver the biggest return. Therefore, a well-known crypto analyst, AltCryptoTalk, has shared five tokens he believes could shine this week: NEAR, OP, ENA, ZK, and …
Malaysia’s central bank, officially known as Bank Negara Malaysia (BNM), published a working paper that explores the possibility of Bitcoin and XRP serving as future monetary alternatives. Is Malaysia Allowing XRP & Bitcoin As Payment? As the world is currently pushing toward a pro-crypto stance, the Southeast Asian country, Malaysia, also took the initiative to …
Your day-ahead look for Aug. 12, 2025
Pi Network is pushing forward a “planet-friendly” strategy, aligning it with the United Nations’ net-zero and decarbonization targets. Unlike traditional cryptocurrencies that rely on energy-intensive proof of work (POW) algorithms, Pi is designed to consume minimal energy in operation. How Pi Network Aligns with the UN’s Global Warming Approach? The UN’s Paris Agreement centers on …
Ethereum’s price trajectory has taken on a decisively bullish tone with its movement in the past 24 hours. Now, technical patterns are pointing to the possibility of a rally that would not only push it past its current all-time high of $4,878, but also carry it to as high as $8,500. A recent analysis by TradingView analyst melikatrader94 points to the formation of a Right-Angle Broadening Formation (RABF) on the daily candlestick chart, a rare but powerful continuation setup that has been in play since March 2024. The Mechanics Of Ethereum’s Current Bull Run Ethereum’s price action in the past few days has been very notable in terms of bullishness. The leading altcoin is currently up by 20% and 45% in the past 24 hours and seven days, respectively. This powerful upswing has pushed Ethereum to its highest price point since the peaks of the 2021 bull market. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest According to the technical analysis in question, which was initially shared by melikatrader94 on the TradingView platform, Ethereum is now playing out the last phase of an RABF pattern that has dragged on for many months. This RABF pattern is characterized by a horizontal resistance zone, now situated between $4,200 and $4,300, and a downward-sloping support trendline, which indicates that buyers are becoming increasingly aggressive with each pullback to reach the resistance again. The last time Ethereum bounced off this support trendline was in early April 2025, when it reached a low of $1,470. Since then, it has increased by about 194% up until the time of writing, where it is now attempting to break above the upper trendline. Price Target And What Needs To Happen According to the measured move principle, the breakout target is derived from the pattern’s vertical height, which is roughly $2,070. Adding this vertical height to the breakout level at $4,300 results in an initial price objective of $6,370. However, a strong bullish momentum beyond that milestone would see Ethereum extend its rally to as high as $8,500. Related Reading: Ethereum Exchange Reserves Just Hit A New 9-Year Low Amid Treasury Accumulations Such an outcome would depend on if Ethereum can make a decisive daily close above $4,300 accompanied by robust trading volume. According to the analyst, this would set off a rapid advance with only a brief consolidation near the $5,100 mark before resuming its upward move. On the other hand, support levels to watch are at $3,700, then $3,200 in case Ethereum fails to hold above $4,300 and extend its rally. At the time of writing, Ethereum is trading at $4,320, up by 1.1% in the past 24 hours. Interestingly, this move has seen Ethereum outperforming other top cryptocurrencies like Bitcoin, XRP, and Solana, which are down by 2.2%, 3.5%, and 4% in the past 24 hours. Featured image from iStock, chart from Tradingview.com
Kwon was criminally charged in March 2023 with conspiracy to defraud, commodities fraud, wire fraud, and securities fraud, among others.
Seoul’s top crypto platform, Bithumb, has sharply scaled back its coin-lending service only a month after introducing it. On July 4, Bithumb launched its much-anticipated lending program, offering loans with 4x leverage on ten major cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Tether. Borrowers could use either crypto or Korean won as collateral. But the rollout …
Circle's Arc blockchain could accelerate stablecoin adoption, impacting global finance by enhancing transaction speed and privacy features.
The post Circle to launch Arc, a layer 1 blockchain for stablecoin finance appeared first on Crypto Briefing.
Plaintiffs allege that Fenwick & West designed shell companies and structures that enabled the theft of billions in FTX customer funds.
The capital will help Transak, which claims to have 10 million users globally, expand its stablecoin payments stack and enter new markets.
Futures-based exchange-traded funds tied to Solana and XRP have accumulated almost $3 billion in assets under management amid market anticipation for potential spot ETF approvals. The momentum has been fueled by new leveraged products, a surge in derivatives positioning, and demand for yield-oriented structures. In early 2025, a leak indicating the CME Group was preparing […]
The post Leveraged Solana and XRP ETFs gain $3B momentum ahead of SEC decision appeared first on CryptoSlate.
ARK Invest’s latest Block purchase is its first in months, signaling a potential shift in the company’s investment strategy.
Earlier this month, ETHZilla closed a $425 million private placement. The placement had over 60 participants.
Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has significantly increased its indirect exposure to Bitcoin this year. On Aug. 12, Vetle Lunde, a senior analyst at K33 Research, reported that the firm’s indirect Bitcoin exposure grew by 192% year-on-year to 7,161 BTC (worth approximately $844 million) from the 3821 BTC exposure it had […]
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Futures positioning points to profit-taking in BTC and ETH as open interest falls, while DeFi protocol Ethena joins the $10B club and meme token PENGU secures high-speed exposure at the Singapore Grand Prix.
Optimism surrounding XRP has surged following the formal conclusion of Ripple’s legal dispute with the U.S. SEC. The development has cleared a major regulatory hurdle, setting the stage for potential XRP-focused exchange-traded funds. Canary Capital CEO Steven McClurg believes these products could surpass Ethereum ETFs in market performance. Strategic Advantages for XRP ETFs In a …
Odds of a Fed cut surpassed 93%, and cryptos ticked higher after the CPI print, even as Powell’s focus on 12-month inflation keeps the core uptick in view.
Gert van Lagen says the macro structure of XRP has finally done the one thing it needed to do: break the neckline of a seven-year base and hold it. “XRP [2W] – Ripple is ready to rip. The 7-year double bottom has broken out at ❌ The neckline was successfully retested at ???? ATH cleared — first target near ~$34, at 2.00 fib. extension of double bottom. → Compare with 2014–2017 setup,” the analyst wrote. His chart is drawn on a logarithmic scale with two-week candles, framing the move as a multi-cycle reversal rather than a short-term pop. Could XRP Really Hit $34? The geometry is clear on the chart. A broad W-shaped base stretching from the 2018–2024 bear market carved twin lows in the sub-$0.20–$0.30 region, then returned to a horizontal neckline that sits just above the $2 handle. Van Lagen marks an initial breakout attempt with a red cross just over that barrier, followed by a decisive surge and a pullback that tags support around the $2 area, annotated with a blue dot. On a log chart, that textbook breakout-retest sequence is the confirmation step technicians typically look for before projecting targets. Price at the time of the snapshot is labeled $3.19 on the right axis, meaning XRP is trading above the neckline but still below the 2018 all-time high at $3.40. That placement matters because the prior macro cap now acts as support; staying north of roughly $2.00 keeps the double-bottom thesis intact. The measured arrow drawn from the neckline replicates the height of the base on a multiplicative (log) basis, which is why the upside extension leaps into the mid-double digits rather than adding only a few dollars. Related Reading: BlackRock Addresses Burning XRP ETF Question: Is A Filing Coming Or Not? Van Lagen’s first objective is derived explicitly from Fibonacci proportions. He sets the 2.00 extension of the double-bottom as the initial target, landing “near ~$34.” On his scale the projected path peaks above the $27 and $20 grid lines and briefly tags the mid-$30s before mean-reverting, consistent with how log-scale extensions translate when a long consolidation unwinds quickly. The left side of the graphic provides the historical rhyme he wants readers to notice. Between 2014 and 2017, XRP built a smaller double-bottom within a shaded accumulation zone, broke its neckline, retested it, and then accelerated vertically. Van Lagen marks that sequence with the same red cross at breakout and blue dot at the retest, plus a vertical measuring arrow to illustrate how the earlier base resolved. The current pattern, shaded across 2018–2025, repeats that choreography at a far larger scale. His sketch includes a time-and-price roadmap using twelve forward candles—two-week bars—implying a five- to six-month arc for the entire move if it were to echo the prior cycle. The first projected bar vaults XRP above $11. After three candles, the blue path tops out above $36, roughly six weeks into the run. Related Reading: XRP Price Could Explode To $3.8 Amid Trend Continuation The fourth candle traces a deep retracement back toward the $11 region, followed by a sharp recovery above $30 on the fifth. The next three candles stabilize around the $30 area before the path draws another slide to ~$11 and the onset of a cooling phase. The sequence is illustrative rather than prescriptive, but it visually anchors the extension math to possible market behavior. Whether XRP can follow the steep path sketched in blue is a separate question from whether the double-bottom has technically activated. Van Lagen’s chart answers the second with a yes: the breakout and retest sequence is complete. The first answer—delivery toward the ~$34 Fib extension—will be determined by how the next several two-week candles will look like. At press time, XRP traded at $3.14. Featured image created with DALL.E, chart from TradingView.com