Category: crypto

Ethereum (ETH) surged over 15% in 24 hours, surpassing its 2021 all-time high. Federal Reserve Chair Jerome Powell’s dovish remarks at the Jackson Hole symposium led to a crypto market rally. Bitcoin and major altcoins also saw gains. Ethereum’s recovery from a multi-year low of $1,385.41 in 2025 signals a significant turnaround.

Bitcoin and crypto are gaining mainstream adoption, with record-breaking inflows in US spot ETFs and Goldman Sachs holding significant shares in BlackRock’s crypto ETFs. However, three-quarters of global fund managers are still hesitant due to fear and misconceptions. Franklin Templeton is working to educate and bridge the gap to facilitate adoption.

Authorities in Africa conducted Operation Serengeti 2.0, arresting over 1,200 suspects and seizing nearly $100 million in cybercrime activities. The operation targeted online fraud networks and illegal crypto mining operations, leading to the dismantlement of malicious infrastructures. Major seizures included shutting down crypto mining centers in Angola and dismantling online investment fraud schemes in Zambia.…

Pennsylvania Democrat Ben Waxman introduced House Bill 1812 to prevent public officials from owning or trading digital assets while in office. The bill covers various digital assets, including cryptocurrencies and NFTs, and requires officials to divest holdings within 90 days of taking office. Violations could result in civil penalties or prison time. Democratic lawmakers are…

The crypto market surged over 4% to reach $4 trillion after Federal Reserve Chair Jerome Powell hinted at possible interest rate cuts in September. This caused Bitcoin and other major cryptocurrencies to rise, with Ethereum leading the rally. Leveraged traders suffered over $553 million in liquidations. Traditional markets also saw gains.

Ethena Labs has expanded the list of assets backing its synthetic dollar, USDe, to include BNB, XRP, and HYPE as part of a new Eligible Asset Framework. The framework addresses liquidity concerns in markets, setting high criteria for assets to be deemed suitable. Ethena founder predicts USDe’s supply could reach $20 billion.

A crypto investor lost nearly $1 million in tokens due to a phishing attack involving malicious transactions disguised as Uniswap swaps. The attack exploited Ethereum’s EIP-7702 mechanism, allowing for multiple token siphoning. Security firms warned users to be cautious when signing wallet requests to prevent similar incidents.

The European Union is moving forward with plans for a digital euro, considering public blockchains like Ethereum and Solana for issuance. The European Central Bank is preparing for the launch, with a timeline set until October 2025. The decision is driven by strategic autonomy and aims to reduce dependence on non-EU payment rails. EU regulations…

FTX creditors have sued Kroll for mishandling claims, causing financial harm and exposing sensitive information to cybercriminals. Kroll knew emails were unsafe but continued sending critical notices via email. The lawsuit aims for compensation for losses related to phishing attacks and delays, as well as demanding practical reforms for better communication and security controls.

Apple has released updates to iOS and macOS to fix a zero-day exploit in the ImageIO framework that could allow attackers to execute code by manipulating images. The flaw could be used in sophisticated attacks targeting specific individuals, impacting recent iPhone and iPad models. Users are urged to update their devices immediately.