The U.S. Treasury’s Office of Foreign Assets Control has added several Kyrgyzstan-based companies to its sanctions list over their involvement with a ruble-backed stablecoin called A7A5. Authorities accuse the firms, including A7 LLC, Old Vector, and subsidiaries like A7 Agent, of helping Russia sidestep economic restrictions tied to its war in Ukraine. These companies were … Read more
BtcTurk, one of Turkey’s largest cryptocurrency exchanges, has suffered a $48 million hack that targeted its hot wallets. The company initially paused crypto deposits and withdrawals, though fiat trading and lira transactions remained online. What started as a vague “technical issue” was quickly revealed to be something far more serious. Outside analysts flagged it as … Read more
Key Takeaways Trump’s Treasury Secretary stirred concerns today with a comment that the US will not be purchasing Bitcoin. Treasury aims to increase the reserve through budget-neutral methods to support US leadership in cryptocurrency. Share this article US Treasury Secretary Scott Bessent clarified that the administration is still eyeing budget-neutral ways to grow the national … Read more
Key Takeaways SEC extends review of Bitwise and 21Shares Solana ETF filings to October 16, 2025. SOL pulled back from near $210 to $190 after US inflation data rattled risk assets. Share this article The US Securities and Exchange Commission has extended its review period for two proposed Solana ETFs from Bitwise and 21Shares, setting … Read more
Key Takeaways Citigroup is considering providing crypto custody services for stablecoins and crypto ETFs, signaling growing institutional interest. The bank aims to leverage stablecoins for faster and more efficient cross-border payments and settlements. Share this article Citigroup is exploring crypto custody services for stablecoins and the assets backing crypto exchange-traded funds (ETFs), according to a … Read more
Key Takeaways Block positions its Proto Rig as a durable, repairable, and upgradeable alternative to today’s “disposable” mining machines. Proto Fleet will be free to use and available for deployment either on-premises or in the cloud. Share this article Jack Dorsey-led Block has unveiled Proto Rig, a first-of-its-kind modular Bitcoin mining system aimed at tackling … Read more
Key Takeaways Google backs $1.8 billion TeraWulf AI project, gaining warrants for potential 8% stake. The deal includes $3.7 billion in contracted revenue and involves over 200 MW of AI-driven infrastructure development. Share this article American Bitcoin miner TeraWulf announced Thursday that it has entered into two 10-year high-performance computing (HPC) colocation agreements with AI … Read more
Key Takeaways The US Treasury will not acquire new crypto assets for its strategic reserve. Existing government-held Bitcoin originated from confiscated assets and no further sales are planned. Share this article The US government will not purchase new Bitcoin for its planned strategic reserve, opting instead to rely on confiscated holdings for now, said Treasury … Read more
Cardano crypto is flying higher at press time. After the lull in late July, ADA USD began printing higher highs from early August before breaking above $1 earlier today. Although prices retraced, the uptrend remains intact. If the current momentum is maintained, the coin could bounce higher, perhaps even flipping Dogecoin and USDC in the … Read more
Key Takeaways The Ethereum Foundation denied involvement in the recent sale of 2,794.87 ETH. Ethereum is trading above $4,700, up around 24% in the past week. Share this article Hsiao-Wei Wang, co-executive director of the Ethereum Foundation (EF), clarified that the foundation was not involved in a recent ETH sale that sparked concern among investors. … Read more