Category: crypto

Researchers have traced 1,789 BTC from 8,865 addresses to the Coldcard hack, resulting in $114.7 million in losses. 87.3% of the stolen Bitcoin remains unmoved, with some funds from later attacks moving through various transactions. Galaxy Research shared attacker addresses with exchanges and law enforcement. The incident highlights hardware wallet security risks.

Visa has partnered with Singapore’s BLOOM initiative to pilot test stablecoin settlement with Nium. The pilot will explore seven-day settlements with regulated U.S. dollar and euro-backed stablecoins for cross-border payment flows. The initiative aims to connect traditional payment systems with stablecoin payment rails while maintaining security and compliance controls.

Circle CEO Jeremy Allaire highlighted the opportunity for USDC in payments between artificial intelligence agents during an earnings webcast. Circle reported that 99.3% of x402 agent-payment volume settled in USDC in the second quarter. The company also mentioned the launch of Arc’s public mainnet on September 16, which will include programmable agent-finance tools.

Thailand has moved forward with its Bitcoin and Ether ETF framework to draft regulations, requiring locally listed ETFs to maintain at least 80% exposure to underlying crypto assets. Bitcoin and Ether are the only eligible assets initially, with domestic digital asset custodians as the primary custody option. Public comments are open until Sept. 20.

Kinetiq has introduced Elysium, a layer-2 network within the Hyperliquid ecosystem that will use HYPE as its gas token. Elysium aims to increase transaction capacity and target spot markets, PropAMMs, token launches, and HIP-3 perpetual deployments. Kinetiq plans to allocate sequencer fees to KNTQ burns and application incentives.

Chainalysis generated 14,300 leads by tracing 29,120 cryptocurrency addresses linked to over 100 child sexual abuse platforms. Suspects were identified in 125 countries, with 7,700 accounts flagged. The operation involved 11 exchanges, leading to cooperation between private companies and law enforcement agencies to combat illicit finance and child exploitation.

Grayscale has launched the first Zcash ETF under the ticker ZCSH, with a 2.5% annual sponsor fee. The ETF structure allows for easier entry and exit, with revenue from the fee supporting the Zcash ecosystem. ZEC rallied 45% ahead of the launch. Grayscale plans to replicate this ETF model for other cryptocurrencies.

MEXC saw a 3,308% increase in average daily stock futures volume in Asia during the second quarter. The rise in trading activity is driven by crypto users trading traditional assets through centralized exchanges. The report highlights the growing interest in equities, gold, and other traditional assets among Asian traders.

Moon Pursuit Capital advises professional crypto investors to use systematic strategies rather than relying on Federal Reserve forecasts after Bitcoin’s 22.1% gain in seven days approaching $80,000. Kevin Warsh’s upcoming Jackson Hole keynote is expected to impact digital assets, emphasizing the importance of portfolio construction under changing economic conditions.

Mantle expanded its real-world asset yield business into DeFi with a non-custodial stablecoin vault after its Bybit-based product reached $200 million in assets. The new product allows users to access yield through sUSDS without leverage, and is available through Fluxion. The vault connects to Sky’s ecosystem for yield generation.