🚀 Dogecoin Targeted for Potential 51% Attack Following Monero Incident
#Dogecoin #Monero #51percentattack #Qubic #uPoW #UsefulProofOfWork #BlockReorganization #OrphanBlocks #DOGE
According to BlockBeats, Qubic, the entity behind the recent 51% attack on Monero, has announced that the story is far from over. Following a community vote this week, Dogecoin, with a market capitalization exceeding $35 billion, has been identified as the next potential target for an attack.
On August 12, Qubic executed a 51% attack on Monero, leveraging economic incentives to achieve this feat. The attack involved utilizing the "Useful Proof of Work (uPoW)" mechanism to rapidly accumulate significant Monero (XMR) computing power. This allowed Qubic to temporarily control 52.72% of the Monero network's hash rate, resulting in the reorganization of six blocks and the creation of 60 orphan blocks. Preliminary reports indicate that within two hours, Qubic mined 80% of Monero's total blocks.
The incident has raised concerns within the cryptocurrency community, as it demonstrates the vulnerabilities of blockchain networks to such attacks. The detailed report of the Monero attack can be found in the article titled "$75 Million Attack on a $5 Billion Giant: What Are They Really After?"#Dogecoin #Monero #51percentattack #Qubic #uPoW #UsefulProofOfWork #BlockReorganization #OrphanBlocks #DOGE
🚀 CFTC to Enhance Cryptocurrency Oversight with Nasdaq System
#CFTC #Nasdaq #Cryptocurrency #Oversight #Surveillance #Fraud #Abuse #Manipulation #CrossMarket #OrderBook #RealTime #CryptoSprint #PresidentsWorkingGroup #FuturesTrading #Legislation #Regulation
According to BlockBeats, the U.S. Commodity Futures Trading Commission (CFTC) announced plans to adopt Nasdaq's surveillance system to enhance cryptocurrency regulation. This move aims to protect markets from fraud, abuse, and manipulation. If current legislation under review in Congress is passed, the CFTC's role in cryptocurrency regulation could significantly expand.
Acting CFTC Chair Caroline Pham stated that the new surveillance system will provide the agency with automated alerts and cross-market analysis capabilities, including comprehensive order book data access. This will support real-time analysis and decision-making to prevent and detect abuses in both traditional and cryptocurrency markets. The CFTC is also preparing for the growth of the cryptocurrency market. Earlier this month, the CFTC launched the "Crypto Sprint" initiative, focusing on cryptocurrency futures trading and recommendations from the President's Working Group on Financial Markets.#CFTC #Nasdaq #Cryptocurrency #Oversight #Surveillance #Fraud #Abuse #Manipulation #CrossMarket #OrderBook #RealTime #CryptoSprint #PresidentsWorkingGroup #FuturesTrading #Legislation #Regulation
🚀 Cryptocurrency Market Experiences $230 Million Liquidation in 24 Hours
#Crypto #Cryptocurrency #Liquidation #CryptoMarket #Bitcoin #BTC #Ethereum #ETH
According to PANews, the cryptocurrency market witnessed significant liquidations amounting to $230 million over the past 24 hours, as reported by Coinglass. Long positions accounted for $142 million of the liquidations, while short positions saw $87.38 million in liquidations. Bitcoin (BTC) experienced a total liquidation of $35.92 million, and Ethereum (ETH) faced liquidations totaling $74.77 million.#Crypto #Cryptocurrency #Liquidation #CryptoMarket #Bitcoin #BTC #Ethereum #ETH
🚀 Tether Treasury Mints Additional USDT on Ethereum Network
#Tether #USDT #Ethereum #EthereumNetwork #WhaleAlert #PANews #stablecoin #cryptocurrency #mint #supply
According to PANews, Whale Alert reported that at 23:23 UTC+8, Tether Treasury minted an additional 1 billion USDT on the Ethereum network. This development marks a significant increase in the supply of USDT, a widely used stablecoin in the cryptocurrency market.#Tether #USDT #Ethereum #EthereumNetwork #WhaleAlert #PANews #stablecoin #cryptocurrency #mint #supply
🚀 Circle and Paxos Test New Verification Technology for Stablecoin Issuance
#Circle #Paxos #Stablecoins #IssuanceVerification #Cryptography #Blockchain #Bluprynt #ChrisBrummer #GeorgetownLaw #IssuerVerification #PhysicalIssuance #Traceability
According to BlockBeats, stablecoin leaders Circle and Paxos are testing a new cryptocurrency issuance verification technology. This initiative aims to enhance the verification of their digital asset holdings. The companies are collaborating with Bluprynt, a fintech startup founded by Georgetown Law Professor Chris Brummer. By leveraging cryptography and blockchain technology, this partnership seeks to provide issuer verification during the physical issuance of stablecoins, enabling traceability of tokens back to verified issuers.#Circle #Paxos #Stablecoins #IssuanceVerification #Cryptography #Blockchain #Bluprynt #ChrisBrummer #GeorgetownLaw #IssuerVerification #PhysicalIssuance #Traceability
🚀 U.S. Treasury Secretary Announces Strong Candidates for Federal Reserve Chair
#USTreasury #FederalReserveChair #11StrongCandidates #LaborDay #September1 #Besent #Trump #DonaldTrump #Interviews #Candidates #USPresident
According to BlockBeats, U.S. Treasury Secretary Besent has announced that there are 11 strong candidates for the position of Federal Reserve Chair. Interviews are set to begin after Labor Day, which falls on September 1 this year. The final list of candidates will be submitted to U.S. President Donald Trump.#USTreasury #FederalReserveChair #11StrongCandidates #LaborDay #September1 #Besent #Trump #DonaldTrump #Interviews #Candidates #USPresident
🚀 Ethereum(ETH) Drops Below 4,500 USDT with a 2.16% Decrease in 24 Hours
#Ethereum #ETH #USDT #Binance #MarketData #Crypto #CryptoNews #Below4500 #24hDrop #PriceUpdate
On Aug 27, 2025, 22:06 PM(UTC). According to Binance Market Data, Ethereum has dropped below 4,500 USDT and is now trading at 4,494.75 USDT, with a narrowed 2.16% decrease in 24 hours.#Ethereum #ETH #USDT #Binance #MarketData #Crypto #CryptoNews #Below4500 #24hDrop #PriceUpdate
🚀 Bitcoin(BTC) Drops Below 111,000 USDT with a 0.66% Decrease in 24 Hours
#Bitcoin #BTC #USDT #Binance #Crypto #CryptoNews #BitcoinPrice #BTCUSDT #MarketData #PriceDrop #24h #BitcoinDrop #CryptoTrading
On Aug 28, 2025, 00:34 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 111,000 USDT and is now trading at 110,933.328125 USDT, with a narrowed 0.66% decrease in 24 hours.#Bitcoin #BTC #USDT #Binance #Crypto #CryptoNews #BitcoinPrice #BTCUSDT #MarketData #PriceDrop #24h #BitcoinDrop #CryptoTrading
🚀 Avalanche Foundation Announces Second Round of Retro9000 Grants
#Avalanche #AvalancheFoundation #Retro9000 #Grants #Blockchain #Web3 #Layer1 #AI #ArteryChain #CodeNekt #Tixbase #zeroone #NUMINE #Letsbuyhealthcare #Bango #Quboid #AVAX
According to PANews, the Avalanche Foundation has revealed the recipients of the second round of funding under the Retro9000 initiative. A total of eight projects have been awarded over $250,000 in grants. These projects, which are already operational on the Avalanche mainnet, aim to advance the ecosystem across various sectors, including Layer 1 blockchain and infrastructure tool development.
The funded projects include Artery Chain, which focuses on AI-native Web3 gaming ecosystems with gas-free transactions and unified token economies; CodeNekt, which is developing a blockchain for vehicle identity and lifecycle management with deployed vehicle NFT smart contracts; Tixbase, which is creating blockchain-based ticketing solutions; zeroone, dedicated to innovative Avalanche Layer 1 blockchain development; NUMINE, providing infrastructure tools related to mining pools; Letsbuyhealthcare, exploring blockchain applications in healthcare; Bango, building developer tools for the Avalanche ecosystem; and Quboid, developing infrastructure tools supporting the Avalanche ecosystem.
The foundation has stated that grant distribution requires completion of KYB and KYC processes, and they have contacted each project to coordinate subsequent steps. The Retro9000 initiative will continue to support projects with significant progress, with the next snapshot scheduled for October 14, 2025.#Avalanche #AvalancheFoundation #Retro9000 #Grants #Blockchain #Web3 #Layer1 #AI #ArteryChain #CodeNekt #Tixbase #zeroone #NUMINE #Letsbuyhealthcare #Bango #Quboid #AVAX
🚀 Falconedge Plans Bitcoin Reserve with IPO Proceeds
#Falconedge #Bitcoin #BitcoinReserve #IPOProceeds #HedgeFund #Advisory #FalconInvestmentManagement #UK #CryptoAssets #RegulatedCryptoFund #BTC
According to PANews, the newly established hedge fund advisory firm Falconedge in the United Kingdom has completed pre-IPO financing and intends to allocate nearly all proceeds from its September IPO to Bitcoin reserves.
The company employs a dual-pillar strategy, offering Bitcoin reserve management alongside hedge fund advisory services, aiming to attract investors from both traditional finance and the crypto asset sectors. Falconedge continues the legacy of Falcon Investment Management, which previously managed over $850 million in crypto assets and launched the first regulated crypto fund in the UK.#Falconedge #Bitcoin #BitcoinReserve #IPOProceeds #HedgeFund #Advisory #FalconInvestmentManagement #UK #CryptoAssets #RegulatedCryptoFund #BTC
🚀 Whale Investor Increases Ethereum Holdings Amid Market Fluctuations
#Whale #Ethereum #HYPE #ForesightNews #YuJin #LongPositions #LiquidationPrice #UnrealizedLoss #MarketFluctuations #Investors #ETH
According to Foresight News, an on-chain analyst known as Yu Jin has reported that a significant whale investor has been increasing their Ethereum holdings over the past two days. This investor, who previously sold HYPE tokens to open long positions in Ethereum, now holds a position valued at $392 million, equivalent to 86,800 ETH. The opening price for these positions was $4,608, with a liquidation price set at $4,342. Currently, the investor is experiencing an unrealized loss of approximately $8 million.#Whale #Ethereum #HYPE #ForesightNews #YuJin #LongPositions #LiquidationPrice #UnrealizedLoss #MarketFluctuations #Investors #ETH
🚀 Ethereum Whale Faces Significant Losses Amid Market Fluctuations
#Ethereum #ETH #Whale #DeFi #Crypto #MarketVolatility #Liquidation #Leverage #LongPosition #ETHLong #BlockBeats #AiYi #OnChain #EthereumPrice
According to BlockBeats, an on-chain analyst known as Ai Yi (@ai_9684xtpa) has reported that a whale investor's Ethereum (ETH) long position has incurred a loss of $72,000. The investor initially placed a $125,000 rolling long position on ETH, but now only $58,000 remains on the books.
After ETH surged to $4,664 last night, it subsequently fell this morning, forcing the investor to reduce their position in stages to avoid liquidation. Despite these efforts, the investor still holds a 25x leveraged ETH long position valued at $1.79 million. Due to limited available margin, the investor's options for recovery are constrained, leaving them with minimal room for liquidation.#Ethereum #ETH #Whale #DeFi #Crypto #MarketVolatility #Liquidation #Leverage #LongPosition #ETHLong #BlockBeats #AiYi #OnChain #EthereumPrice
🚀 SEC to Host Roundtable on Trade-Through Rule in Washington
#SEC #TradeThroughRule #Investors #MarketRegulation #Roundtable #Washington #MarketStructure
According to Foresight News, the U.S. Securities and Exchange Commission (SEC) is set to hold a roundtable discussion on the trade-through rule at its Washington headquarters on September 18. The event will feature opening remarks from SEC Commissioners Caroline Crenshaw and Hester Peirce, along with Jamie Selway, the Director of the Division of Trading and Markets. SEC Chairman Paul S. Atkins is also scheduled to deliver a speech.
The roundtable will include three panel discussions focusing on the experiences of market participants over the past two decades, the role of the trade-through prohibition in the current market structure, and potential future developments. The discussions aim to provide insights into the effectiveness and impact of the trade-through rule, which is designed to ensure that investors receive the best possible price when executing trades.
This event is part of the SEC's ongoing efforts to evaluate and enhance market regulations to better serve investors and maintain fair and efficient markets.#SEC #TradeThroughRule #Investors #MarketRegulation #Roundtable #Washington #MarketStructure
🚀 China Petroleum Explores Stablecoin Use for Cross-Border Transactions
#ChinaPetroleum #Stablecoin #CrossBorderPayments #CrossBorderSettlement #HongKongMonetaryAuthority #HKMA #YahooFinance #ForesightNews #WangHua
According to Foresight News, Yahoo Finance reports that Wang Hua, the Chief Financial Officer and Board Secretary of China Petroleum (stock code 00857), revealed during a semi-annual performance conference that the company is aware of the Hong Kong Monetary Authority's plan to issue licenses to stablecoin issuers. China Petroleum is closely monitoring this development and will investigate the potential use of stablecoins for cross-border settlement and payment.#ChinaPetroleum #Stablecoin #CrossBorderPayments #CrossBorderSettlement #HongKongMonetaryAuthority #HKMA #YahooFinance #ForesightNews #WangHua
🚀 Ark Invest Increases Holdings in Bitmine Immersion Stocks
#ArkInvest #CathieWood #BitmineImmersion #BMNR #ARKK #ARKW #ARKF #investing #stocks #stockmarket #BlockBeats
According to BlockBeats, Ark Invest, led by Cathie Wood, has increased its holdings in Bitmine Immersion (BMNR) stocks through three of its funds, totaling $15.6 million. On Wednesday, ARKK acquired 227,569 shares valued at $10.475 million, ARKW added 70,991 shares worth $3.267 million, and ARKF purchased 40,553 shares for $1.866 million.
Market data indicates that BMNR's closing price on Wednesday was $46.03, marking a 7.85% decline, with an additional 2.22% drop in after-hours trading.#ArkInvest #CathieWood #BitmineImmersion #BMNR #ARKK #ARKW #ARKF #investing #stocks #stockmarket #BlockBeats
🚀 Cryptocurrency's Role in Global Finance Discussed at World Leaders Forum
#Cryptocurrency #GlobalFinance #WorldLeadersForum #EconomicTimes #Bitget #Vugar #NarendraModi #JohnKerry #Macroeconomics #DevelopingEconomies #EmergingMarkets #FutureOfFinance #ForesightNews
According to Foresight News, Bitget's Chief Operating Officer Vugar participated in the World Leaders Forum organized by The Economic Times. During the event, Vugar discussed the evolving role and value of cryptocurrencies in the global financial system. The two-day forum brought together policymakers, founders, and technology leaders to explore how the crypto sector is reshaping the macroeconomic landscape.
Vugar expressed his surprise at sharing the stage with Indian Prime Minister Narendra Modi and former U.S. Secretary of State John Kerry. He noted that this signifies cryptocurrencies are no longer a fringe topic but a central issue concerning the future of finance, especially in developing economies and emerging markets leading global trends.#Cryptocurrency #GlobalFinance #WorldLeadersForum #EconomicTimes #Bitget #Vugar #NarendraModi #JohnKerry #Macroeconomics #DevelopingEconomies #EmergingMarkets #FutureOfFinance #ForesightNews
🚀 Bitcoin's Price Outlook: Analysts Predict Below $100,000 by Year-End
#Bitcoin #BTC #PriceOutlook #BitcoinPrice #CryptoMarkets #Whales #Selloff #RetailInvestors #InstitutionalInvestors #Polymarket #BlockBeats #PrestoResearch #MinJung #DavidHernandez #MarketMaturation #LongTermFoundation
According to BlockBeats, despite some analysts forecasting Bitcoin's price to reach $200,000 by 2026, most Polymarket investors are betting that it will fall below $100,000 by the end of this year.
As of Wednesday, traders wagering on whether Bitcoin will drop below $100,000 this year estimate a 61% likelihood of this outcome. This figure is slightly lower than Monday's prediction, where 72% of bettors anticipated Bitcoin's trading price would again fall below $100,000.
Presto Research analyst Min Jung noted that so far, the large-scale sell-off by whales and long-term holders has been met with sufficient buyer demand, particularly from corporate bonds and institutional allocators. However, if these major players begin to close positions more aggressively, the key issue will be whether there are enough new entrants to absorb this supply. If demand fails to keep pace, the likelihood of falling below $100,000 increases.
David Hernandez, a cryptocurrency investment expert at 21Shares, commented that Bitcoin's sell-off is a sign of market maturation. Paradoxically, while a significant pullback might dampen short-term enthusiasm, it could also catalyze a healthier market by redistributing supply from concentrated whales and corporations to a broader base of retail and institutional holders, ultimately strengthening Bitcoin's long-term foundation.#Bitcoin #BTC #PriceOutlook #BitcoinPrice #CryptoMarkets #Whales #Selloff #RetailInvestors #InstitutionalInvestors #Polymarket #BlockBeats #PrestoResearch #MinJung #DavidHernandez #MarketMaturation #LongTermFoundation
🚀 Nakiki SE Plans Strategic Bitcoin Investment Through Share Issuance
#NakikiSE #Bitcoin #BitcoinTreasury #BitcoinInvestment #ShareIssuance #Germany #PubliclyListed #BitcoinReserve #PANews #BTC
According to PANews, German publicly traded company Nakiki SE has announced that its management board is assessing the interest of professional investors in a planned share issuance. The company aims to raise "tens of millions of euros" through this securities offering, with the proceeds earmarked for strategic investments in Bitcoin. Nakiki SE previously declared its intention to fully adopt a Bitcoin treasury strategy, aspiring to become the first publicly listed company in Germany to implement a pure Bitcoin reserve asset business plan.#NakikiSE #Bitcoin #BitcoinTreasury #BitcoinInvestment #ShareIssuance #Germany #PubliclyListed #BitcoinReserve #PANews #BTC
🚀 Bitplanet Plans $40 Million Bitcoin Acquisition at Bitcoin Asia 2025
#Bitplanet #Bitcoin #BitcoinAsia2025 #LoboVentures #PaulLee #ForesightNews #BitcoinTreasury #BitcoinAcquisition #40Million #BTC
According to Foresight News, Paul Lee, co-founder and managing partner of Lobo Ventures, announced at the Bitcoin Asia 2025 conference that Bitplanet intends to establish a Bitcoin treasury company. The company plans to purchase $40 million worth of Bitcoin.#Bitplanet #Bitcoin #BitcoinAsia2025 #LoboVentures #PaulLee #ForesightNews #BitcoinTreasury #BitcoinAcquisition #40Million #BTC
🚀 Hong Kong Officials Withdraw from Bitcoin Asia Summit Amid Eric Trump Concerns
#香港 #香港证监会 #比特币亚洲峰会 #EricTrump #退出峰会 #香港官员 #NgKitChung #YehWaiChing #TrumpOrganization
According to BlockBeats, Hong Kong Securities and Futures Commission (SFC) Executive Director Yeh Wai-ching and Legislative Council member Ng Kit-chung have been removed from the guest list of the Bitcoin Asia Summit, scheduled for August 28-29. Initially listed as speakers, both officials withdrew after receiving advice against interacting with Eric Trump, a guest at the event.
Eric Trump, the second son of U.S. President Donald Trump, is an Executive Vice President of the Trump Organization and is involved in several U.S. cryptocurrency projects. The SFC stated that Yeh's absence is due to a business trip, while Ng cited family reasons for his cancellation.
The South China Morning Post, citing informed sources, reported that the withdrawal was prompted by instructions to avoid engagement with Eric Trump. The summit, taking place on August 28-29, lists Eric Trump as a keynote speaker. An expert with ties to Beijing suggested the directive aims to prevent any collaboration or flattery towards Trump.#香港 #香港证监会 #比特币亚洲峰会 #EricTrump #退出峰会 #香港官员 #NgKitChung #YehWaiChing #TrumpOrganization
🚀 Concerns Raised Over Web3 Startups' Business Closure Practices
#Web3 #Startups #StartupClosure #VentureCapital #Investors #InvestorRelations #QuietlyDisappearing #FounderEthics #FounderCompensation #DeFianceCapital #PANews #ArthurCheong #Crypto #DeFi #EthicsInTech
According to PANews, Arthur Cheong, CEO and CIO of DeFiance Capital, recently expressed dissatisfaction on social media regarding how some Web3 startups handle business closures. Cheong criticized the lack of communication with investors when these companies shut down, describing the practice of "quietly disappearing" as unacceptable. He emphasized that even in failure, companies should at least send an email to investors with apologies and gratitude.
Cheong referenced a post analyzing current venture capital models, highlighting issues such as lack of oversight, weak accounting foundations in startups, minimal decision-making power for investors, and a tendency for investors to focus on successful projects while neglecting failed ones. The model relies heavily on the ethical conduct of founders, but in a bullish market with abundant capital, founders might benefit personally through high salaries, bonuses, luxury travel funded by the company, renting personal office space to the company, or paying fees to affiliated companies.
The post pointed out that these practices not only benefit founders significantly but also enhance their professional profiles, while investors' returns may decrease substantially or even become negative. Cheong agreed with these observations, stating that such situations remain unacceptable.#Web3 #Startups #StartupClosure #VentureCapital #Investors #InvestorRelations #QuietlyDisappearing #FounderEthics #FounderCompensation #DeFianceCapital #PANews #ArthurCheong #Crypto #DeFi #EthicsInTech