Bitcoin is trading at a steep discount to its “energy value,” a proprietary metric from Capriole Investments that places the cryptocurrency’s fair value at up to $167,800, according to the firm’s founder, Charles Edwards. Key Takeaways: Capriole’s Energy Value metric estimates Bitcoin’s fair value at up to $167,800. The model links Bitcoin’s valuation to mining…
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FTC: Imposter Scam Losses Among Seniors Surge 362% Since 2020
Older Americans are losing money to imposter scams at an alarming rate, with losses and case numbers surging to record highs, according to new data from the Federal Trade Commission (FTC). Key Takeaways: FTC data shows seniors’ imposter scam losses hit $700M in 2024, up 362% since 2020. Scammers pose as trusted officials or companies…
Animoca, Standard Chartered, HKT Form Anchorpoint for Hong Kong Stablecoin License
Animoca Brands has established Anchorpoint Financial Limited, a joint venture with Standard Chartered Bank (Hong Kong) Limited and HKT, to apply for Hong Kong’s first stablecoin issuer license under the city’s new regulatory framework. The partnership submitted a formal interest to the Hong Kong Monetary Authority on August 1, the same day the Stablecoins Ordinance…
Vitalik Warns Corporate ETH Treasuries Could Become ‘Overleveraged Game’ Despite Benefits
Ethereum co-founder Vitalik Buterin has issued a stark warning about the growing trend of companies holding ETH in their treasuries, cautioning that the strategy could evolve into an “overleveraged game” that triggers massive market liquidations. His comments come as corporations rush to add cryptocurrencies to their balance sheets, with 64 entities now holding 3.04 million…
Crypto Market Turns Green with Over $500M Inflows to BTC and ETH ETFs
The crypto market rose 3.29% over the last 24 hours, following huge institutional moves, policy shifts and massive inflows in ETFs, showing bullish momentum. The global cryptocurrency market cap on Friday is $3.86 trillion, per CoinMarketCap data. Renewed positive sentiment surrounds the crypto market, fueled by factors like institutional adoption and the recent Trump executive…
GreedyBear Hackers Steal $1M+ in ‘Industrial Scale’ Crypto Theft Using Multi-Vector Attack
Cybersecurity firm Koi Security exposed the GreedyBear attack group’s sophisticated operation, utilizing 150 weaponized Firefox extensions, nearly 500 malicious executables, and dozens of phishing websites to steal over $1 million in crypto. The coordinated campaign employed a novel “Extension Hollowing” technique to bypass marketplace security by building legitimate-seeming extension portfolios before weaponizing them with malicious…
Ethereum Breaks $3,900 as ETH Treasury Demand Heats Up, Eyes $4,000
Ethereum surged past $3,900 on Friday, driven by a wave of fresh institutional interest and record-breaking flows into ETH-focused treasuries and ETFs. It briefly reached $3,952 before easing to around $3,909 by 2:20 am ET. Analysts believe a test of the $4,000 mark could be imminent. The rally follows a $200m stock offering from SharpLink…
Binance Partners with Spanish Bank BBVA to Offer Off-Exchange Asset Custody: Report
Binance has teamed up with Spain’s BBVA to let customers store their assets off the exchange, a move aimed at boosting investor confidence nearly two years after the company paid a record $4.3 billion US fine. Key Takeaways: Binance partnered with BBVA to offer off-exchange asset custody, aiming to boost investor trust. Client funds will…
Ukraine Central Bank Wants Crypto Legalization, But Not as Means of Payment: Governor
The National Bank of Ukraine (NBU) Governor Andriy Pyshnyy has outlined some of the prerequisites of crypto legalization, adding that, however, the asset class cannot become a means of payment in the nation. In an interview with RBC-Ukraine, he called the use of crypto as a legal tender a “red line” for the NBU. “Virtual…
XRP Surges Over 13% After Ripple and SEC Drop Final Appeals in Landmark Case
Ripple Labs and the US SEC have officially ended their nearly four-year legal fight, marking one of the most closely watched cases in crypto history. The move sent XRP up more than 13% following the announcement. On Thursday, both parties filed a joint notice with the US Court of Appeals for the Second Circuit, stating…