Author: John Smith

A Bitcoin wallet linked to convicted Irish drug dealer Clifton Collins has transferred 500 BTC worth about $39.56 million to Coinbase Prime after the coins were reportedly inaccessible because their private keys had been lost. Summary 500 BTC, worth approximately $39.56 million, was sent to Coinbase Prime. The transfer came from a group of wallets linked to Clifton Collins’ 6,000 BTC stash. Irish authorities had recovered 1,500 BTC from the wallet group by July. A Coinbase Prime deposit does not confirm that the transferred Bitcoin has been sold. Collins-linked Bitcoin has moved to Coinbase Prime Lookonchain said in an Aug.…

North Korea-linked Lazarus Group has transferred 244.148 Bitcoin worth about $19.42 million, bringing fresh attention to wallets associated with one of the crypto industry’s most active hacking operations. Summary Lazarus Group transferred 244.148 BTC worth about $19.42 million, according to Lookonchain. The transaction’s destination and connection to any earlier theft remain undisclosed. Another Lazarus-linked wallet moved 262.2 BTC to a new address earlier in August. U.S. sanctions generally prohibit Americans from dealing with property linked to the Lazarus Group. Lazarus Group moves 244 BTC between wallets Lookonchain reported the transfer in an Aug. 28 X post, saying wallets attributed to…

Bullish has provided USD.AI with a $100 million stablecoin debt facility to fund loans secured by graphics processing units used in artificial intelligence infrastructure. Summary Bullish will supply $100 million in stablecoin liquidity for GPU-backed loans. USD.AI offers non-recourse financing secured solely by computing hardware. Bullish plans to list sUSDai and support trading through a market-making program. Bullish shares have gained about 45% over the past month. Bullish said in a Friday announcement that the facility will give USD.AI capital to finance operators purchasing high-performance computing equipment, extending the exchange operator’s exposure to tokenized assets and AI infrastructure. Developed by…

Tokenized gold has moved deeper into crypto lending after Aave’s XAUT-backed debt reached a $25 million ceiling and Arch Lending added loans against the two largest gold tokens. Summary Aave’s $25 million XAUT debt ceiling was fully used before additional capacity filled within 24 hours. Arch’s Himanshu Sahay said investors increasingly want to use tokenized gold instead of passively holding it. Arch now accepts PAXG and XAUT as collateral for loans at up to 75% LTV. Borrowers retain their gold exposure but face interest, liquidation, custody, and issuer risks. Arch co-founder and chief technology officer Himanshu Sahay told crypto.news that…

Federal Reserve Chair Kevin Warsh has put another interest-rate increase on the table after saying inflation remains well above the Fed’s 2% target, sending Bitcoin below $80,000 as traders raised their rate-hike bets. Summary Warsh said 12-month PCE inflation stands at 3.7%, while the six-month rate has reached 4.1%. Bitcoin fell nearly 2% to about $79,200 after trading above $80,000 earlier in the day. Polymarket traders raised the probability of a 2026 rate hike to 68% after the speech. Nansen analysts said a hawkish message could pressure crowded Bitcoin longs after a $6.4 billion options expiry. Warsh says inflation must…

Solana’s proposal to double its annual disinflation rate has cleared a governance vote with 67% support, placing the network on course to reduce projected SOL issuance by 18.9 million tokens over six years. Summary 67% of participating SOL backed the faster disinflation schedule, narrowly exceeding the two-thirds requirement. 60.7% of eligible stake participated, comfortably meeting the one-third quorum. SOL inflation would decline twice as fast but retain its existing 1.5% minimum rate. A separate resource-fee proposal failed after receiving 53.9% support. Solana inflation proposal narrowly clears required vote Solana’s official governance dashboard showed that SGP-0002, called Double Disinflation, finished voting…

Zcash price recovered from a midweek drop and moved back above $800 as buyers defended the broader uptrend, but overbought momentum, weak capital flows, and a long-term bearish divergence raise the risk of another correction. Summary Zcash price rebounded from $760.30 and was trading near $807 after briefly approaching $880. Daily RSI stands at 72.29, keeping ZEC in overbought territory after its rapid advance. Liquidation data shows a major liquidity cluster around $835–$840 and another near $750. 4-hour Supertrend support at $731.71 remains the key level protecting the bullish structure. Zcash price recovers above $800 after sharp shakeout According to…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Fidelity accelerates crypto adoption while ASDeFi’s Digital Miner model addresses energy costs and mining efficiency. Summary Fidelity is building institutional crypto infrastructure around stablecoins, staking, and on-chain yields beyond price exposure. AI and Bitcoin mining competition highlights efficient infrastructure as investors seek crypto yields, staking, and rewards. ASDeFi’s Digital Miner lets users access data-center computing power and earn daily cryptocurrency rewards. This week, financial giant Fidelity took the three most significant steps in its cryptocurrency history: Fidelity Investments has…

DeFi Development Corp. resumed Solana purchases on Aug. 27, acquiring approximately 19,000 SOL at an average price of $98.14.  Summary DeFi Development acquired approximately 19,000 SOL at an average price of $98.14 per token Thursday. The purchase expanded DFDV’s treasury to approximately 2.33 million SOL and equivalent holdings combined overall. ZeroStack divestment proceeds partially funded the purchase, while acquired SOL will enter staking infrastructure operations. DFDV shares rose after the announcement while Solana remained volatile across broader cryptocurrency markets Friday. Management based its liquidity and outperformance comparisons on publicly available market data, not audited results. The transaction cost about $1.86…

Ripple has recommended withdrawing the XRP Ledger’s pending XChainBridge amendment after concluding that its primary use case is already served by Axelar and broader developer demand has not emerged. Summary Ripple recommends withdrawing XChainBridge after Axelar replaced its intended XRP Ledger EVM Sidechain role entirely. The pending amendment would add native asset bridges using independent witness servers between connected ledgers. Removing XChainBridge could eliminate more than 10,000 lines from the XRPL server codebase, Ripple estimates. Ripple controls one validator vote and cannot withdraw or activate the amendment unilaterally today alone. Developers with active XLS-38 projects can present evidence before the…