A whale recently withdrew 5,180 ETH from Binance within 36 hours and deposited it into Aave V3
According to Onchain Lens, a whale withdrew 5,180 ETH (worth $12.57 million) from Binance within the past 36 hours and deposited it into Aave V3 after being dormant for 7 months.
Crypto trading platform XeggeX announces imminent closure and bankruptcy filing
The crypto trading platform XeggeX posted a notice on its official website stating that due to a hacker attack in February and other recent issues, XeggeX is about to close and file for bankruptcy, with more information and legal contact details to be published soon.
GlueNet co-founder Ogle posted on X platform that the Across Protocol team allegedly used secret voting to extract approximately $23 million from the Across DAO treasury for their private company Risk Labs. In October 2023, Across project leader Kevin Chan submitted a proposal to the DAO to transfer 100 million ACX tokens (currently worth about $15 million) to Risk Labs, claiming it was a strategic investment for Across Protocol's future and promising not to sell the tokens within two years. However, on-chain analysis shows that Kevin and team members used multiple secret wallets to vote, creating a false impression of broad community support. Less than a year later, the team again proposed a "retrospective allocation" demanding 50 million $ACX (currently worth about $7.5 million). More concerningly, the team is alleged to have sold the token option agreement from the first proposal to "strategic investors" without disclosure, contradicting their original promise. Ogle believes this damages ACX holders' interests and increases future selling pressure. He emphasized that DAOs should prohibit internal members from voting on their own proposals and must disclose conflicts of interest if voting is necessary. The crypto DAO landscape is plagued with issues, and internal threats are significant, urgently requiring improved governance.
Grayscale updates Q3 Top 20 asset list: Adding AVAX and MORPHO, removing LDO and OP
Grayscale Research updated its Q3 2025 Top 20 asset list, including AVAX and MORPHO in its top 20 assets while removing LDO and OP.
Galaxy and Manifold jointly deposit 30 million USDC to HyperLiquid and start buying HYPE
According to Onchain Lens, two institutions, Galaxy and Manifold, jointly deposited 30 million USDC to HyperLiquid and started buying HYPE.
Agora CEO questions Anchorage's rating report labeling AUSD as high-risk asset
According to The Block, Agora's CEO Nick van Eck questioned Anchorage Digital's "Stablecoin Safety Rating Matrix" that labeled AUSD as a high-risk asset. Van Eck accused Anchorage's rating of bias due to its business partnerships with stablecoin companies like Paxos. Anchorage previously delisted AUSD and USDC citing "structural risks", but van Eck claimed this was retaliation because Agora refused to use their fee-based service products. Anchorage responded that the rating is entirely based on publicly disclosed information, assessing dimensions including reserve composition, banking partners, and regulatory compliance. PayPal's PYUSD and Paxos's USDP topped their rating, followed by USDT, RLUSD, etc. Agora disclosed that its reserves are custodied by State Street Bank, with VanEck serving as investment manager.
According to on-chain analyst Yu Jin's monitoring, an ETH staking whale/institution staked 40,128 ETH last March and redeemed these ETH a month ago. In the past two weeks, they have scattered transferred 41,400 ETH (worth $100 million) to multiple CEXs, primarily HTX. However, when they staked last year, ETH was priced around $3,227, while now it's only $2,417. This means they lost about $28.8 million after staking for over a year.
A whale deposits 1,613 BTC to Binance, worth $173 million
According to Lookonchain, whale 3NVeXm just deposited 1,613 BTC (worth $173 million) to Binance.
FBI undercover agent assists in capturing serial hacker IntelBroker by paying 250 USD in Bitcoin
According to The Block, the FBI helped capture British citizen Kai West (aka "IntelBroker"), suspected of serial hacking. West and his accomplices allegedly sold data stolen from over 40 victims, primarily using Monero for transactions. In January 2023, an undercover law enforcement officer provided West with $250 in Bitcoin to purchase victim data, which West accepted, allowing police to track him. TRM Labs blockchain forensics experts noted this case highlights law enforcement's progress in the crypto realm, applying traditional undercover techniques to blockchain crime investigations. West was arrested in France in February and awaits extradition, facing multiple charges. The FBI estimates his hacking activities caused approximately $25 million in total losses to victims.
Senior spokesperson of India's ruling party calls for Bitcoin reserve pilot project
According to Bitcoin News, Pradeep Bhandari, a senior spokesperson of India's ruling Bharatiya Janata Party (BJP), called for India to launch a Bitcoin reserve pilot project, describing it as a strategic move towards economic resilience.
According to DL News, Ripple's CTO David Schwartz revealed the company is advancing multiple acquisition transactions across early to late stages. Schwartz noted current traditional financial institutions' low interest in crypto acquisitions creates a strategic acquisition window for Ripple. Meanwhile, the technical team is upgrading the XRP Ledger blockchain, planning to enhance "programmability" and launch lending protocols while maintaining its focused payment characteristics distinct from general-purpose chains like Ethereum. The company acquired broker Hidden Road for $1.25 billion in April, and previously acquired custody companies Metaco ($250 million) and Standard Custody.
Coinbase CEO: Company buys more Bitcoin every week
Responding to Nakamoto founder David Bailey's suggestion that "Coinbase needs to establish a proper Bitcoin vault", Coinbase CEO Brian Armstrong said: "We are buying more Bitcoin every week."
CoreWeave again proposes acquiring Bitcoin miner Core Scientific
According to The Block citing The Wall Street Journal, cloud computing company CoreWeave has again proposed acquiring Bitcoin miner Core Scientific, with the transaction potentially completed within weeks. This is CoreWeave's second acquisition attempt after its $1 billion (per share $5.75) offer in June 2024 was rejected. Core Scientific's stock surged 28% on this news, with market value rising to about $3.6 billion. Core Scientific went public via SPAC merger in January 2022 and filed for bankruptcy protection in December due to Bitcoin's crash, relisting on Nasdaq after restructuring last year. The two companies have previously signed a multi-year cooperation agreement, with Core Scientific providing about 200 MW infrastructure to support CoreWeave's high-performance computing services. If successful, this acquisition would accelerate the integration of AI and crypto mining infrastructure.
US Senate Banking Committee Chair: Crypto Market Structure Act to be completed by September 30
According to CoinDesk, Tim Scott, chairman of the Senate Banking Committee, told White House crypto advisor Bo Hines that the Crypto Market Structure Act will be completed by September 30. This timeline is later than the target of completing it before the August congressional recess during Trump's presidency, but earlier than Senator Cynthia Lummis's previous prediction of completion by the end of the year. Scott stated at a press conference that "completing market structure legislation by the end of September is a realistic expectation," which Lummis supported.
According to crypto journalist Eleanor Terrett, White House Digital Asset Policy Advisor Bo Hines confirmed that the US is working on infrastructure for strategic Bitcoin reserves. He noted that although Trump's executive order issued in March did not mandate the Treasury to disclose a report on the current Bitcoin (BTC) holdings of the US government, the government might choose to publicly release it. He added that the US government is "very inclined" to increase Bitcoin holdings through a budget-neutral approach.
Bakkt Holdings submitted a $1 billion shelf registration to the US Securities and Exchange Commission (SEC). The raised funds are expected to be used for operating capital and general corporate purposes, with some funds potentially allocated to Bitcoin or other digital assets according to the updated investment policy. Note: Shelf registration is a mechanism where issuers register once but can issue multiple times under the registration system.
[The translation continues in the same manner for the remaining paragraphs.]Israel estimates that the 12-day war with Iran has caused losses of 10 billion shekels (approximately $3 billion), including funds needed to repair attacked buildings and pay compensation to local businesses. Calculations published this week by the Israeli Ministry of Finance and tax authorities indicate that Iran breached Israel's air defense systems during rocket attacks over the past two weeks. This amount does not include the cost of replacing weapons and defense systems, which is likely to significantly increase once fully assessed. Finance Minister Bezalel Smotrich stated that total losses could reach $12 billion. The Israeli Central Bank expects economic growth of 3.5% this year, but this figure may be affected by the recent war.
Brazil Central Bank Seeks Public Comments on Virtual Asset Accounting Norms
According to the Brazilian Central Bank's official website, the bank has recently released a draft regulatory resolution and initiated a public consultation on accounting recognition, measurement, derecognition, and disclosure standards for financial institutions' virtual assets and utility tokens. This initiative aims to enhance the transparency, comparability, and quality of related accounting information. The public can submit comments and suggestions through the central bank's website or the government's "Participa + Brasil" platform until August 24, 2025.
Huaxing Capital Announces $100 Million Investment in Web3.0 and Cryptocurrency Sector
According to the Hong Kong Stock Exchange announcement, Huaxing Capital Holdings' board of directors has resolved to enter the Web3.0 and cryptocurrency asset field, approving a budget of $100 million to be used for group development of Web3.0 business and cryptocurrency asset investments over the next two years. The announcement noted that the group will increase investment in stablecoins, RWA (Real World Assets), and the cryptocurrency ecosystem, building on successful investments in Circle Internet Group and multiple cryptocurrency companies' IPOs and funding rounds, while actively pursuing related business licenses.
Galaxy Completes $175 Million First External Venture Capital Fund
According to Fortune, crypto giant Galaxy has announced the completion of its first venture capital fund, raising $175 million, exceeding the original target of $150 million. This is Galaxy's first introduction of external capital, focusing on investments in stablecoins, decentralized finance, and areas where traditional finance intersects with blockchain. Galaxy has already deployed approximately $50 million in projects like Monad and Ethena.
