According to PANews, Easou Technology, a company listed on the Hong Kong Stock Exchange, has announced a strategic investment of $5 million in Lightnet, a fintech company under the Charoen Pokphand Group. This investment aims to bolster Lightnet's efforts in Web3 technology and cross-border payment services. Additionally, Easou Technology revealed plans to deepen its strategic focus on real-world assets (RWA).

According to BlockBeats, OpenAI announced on social media platform X that it will host a livestream event on Thursday at 10 a.m. Pacific Time (1 a.m. Friday UTC+8). Analysts from CaiLian News Agency suggest that the replacement of the letter 'S' with the number '5' in the word 'LIVESTREAM' in the official tweet may indicate the unveiling of the GPT-5 model during this event.

According to Cointelegraph, the co-founders of the now-defunct crypto mining service HashFlare are requesting leniency from a U.S. judge after admitting to wire fraud. Sergei Potapenko and Ivan Turõgin are facing accusations of orchestrating a $577 million Ponzi scheme, with prosecutors advocating for a decade-long prison sentence. In a sentencing memo submitted to Seattle federal court Judge Robert Lasnik, prosecutors argued that the crime resulted in approximately $300 million in losses for victims. They emphasized the severity of the offense, describing it as the largest fraud case the court has encountered. Potapenko and Turõgin, however, contend that such a sentence would be excessive, citing their cooperation and the time they have already spent in Estonian custody. The two were arrested in Estonia in November 2022 and spent 16 months in custody before being extradited to the United States in May 2024. They have since pleaded guilty to conspiracy to commit wire fraud and are currently out on bail, with their sentencing hearing scheduled for August 14. In their defense, Potapenko and Turõgin's lawyers argued that despite overstating HashFlare's mining capacity, customers ultimately received cryptocurrency worth more than their initial investments due to the rise in crypto market prices. They claimed that 390,000 customers who invested $487 million in HashFlare mining contracts have withdrawn $2.3 billion, suggesting that the financial impact on customers was not as severe as prosecutors have portrayed. The duo also stated that all potential victims would be compensated, likely from the over $400 million in assets forfeited as part of their plea deal. Prosecutors, however, focused on the magnitude of HashFlare's fraud, labeling it a "horrible crime" that funded the founders' "lavish lifestyles." They alleged that Potapenko and Turõgin sold $577 million worth of mining contracts to around 440,000 customers between 2015 and 2019, using funds from newer customers to pay fake returns to earlier investors. Prosecutors argued that the sentence should reflect the seriousness of the crime and serve as a deterrent to prevent similar offenses in the future. They dismissed the notion that the case should have been tried in Estonia, noting that over 50,000 of HashFlare's customers were based in the U.S., collectively investing more than $130 million. Potapenko and Turõgin are also seeking deportation to Estonia, raising questions about how U.S. courts handle foreign nationals involved in cross-border crypto crimes. Despite a court order to remain in the U.S., the pair claimed to have received a letter from the Department of Homeland Security instructing them to "deport immediately," leading to uncertainty about their future.

XRP (CRYPTO: XRP) is trading higher late Wednesday, spurred by broader cryptocurrency momentum and a strategic partnership. source: https://www.benzinga.com/crypto/cryptocurrency/25/08/46947431/xrp-trades-higher-on-crypto-market-rebound-analyst-sets-price-target-at-7?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Sergei Potapenko and Ivan Turõgin asked a court for time served after admitting to wire fraud, but US prosecutors want them imprisoned for 10 years for their "classic Ponzi scheme. ” source: https://cointelegraph.com/news/hashflare-founders-want-time-served-us-wants-10-years-prison?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

A prominent cryptocurrency CEO has made headlines by investing a staggering $10 million in a high-risk gamble involving TerraUSD, utilizing funds that were sourced from investors. This controversial decision raises questions about the ethics of using investor money for speculative ventures and the potential impact on the company's stakeholders and the broader cryptocurrency market. source: https://voiceofcrypto.online/ampstories/web-stories/crypto-ceo-pays-10m-for-secret-terrausd-gamble-with-investor-funds

According to on-chain analyst Maartun, sellers outpaced buyers by over 115,000 ETH in the last 24 hours, indicating growing bearish […] The post Analyst Flags Ethereum Warning After Massive Sell-Off appeared first on Coindoo. source: https://coindoo.com/analyst-flags-ethereum-warning-after-massive-sell-off/

Bitcoin’s short-term profit-taking declines, but investors remain cautious as directional bias remains uncertain amid ongoing risks. source: https://decrypt.co/333904/bitcoin-steadies-short-term-holder-profit-taking-slows

في البداية، ارتفع سعر الذهب يوم الخميس. وذلك بسبب زيادة الإقبال على الملاذات الآمنة. إذ أعلن الرئيس الأمريكي دونالد ترامب فرض رسوم إضافية بنسبة 25٪ على واردات الهند. وبالتالي، تصاعدت التوترات التجارية بين البلدين source: https://www.twsiat.com/%d8%a7%d8%b1%d8%aa%d9%81%d8%b9-%d8%b3%d8%b9%d8%b1-%d8%a7%d9%84%d8%b0%d9%87%d8%a8-%d9%8a%d9%88%d9%85-%d8%a7%d9%84%d8%ae%d9%85%d9%8a%d8%b3/

According to BlockBeats, recent market adjustments have prompted warnings from analysts about a continued summer slump. FxPro's Chief Market Analyst, Alex Kuptsikevich, noted in a Thursday report that support at previous peak levels indicates a temporary market pause for profit-taking. However, the downturn is discouraging the most active traders, who are now focusing on smaller projects. Bitcoin is nearing its 50-day moving average again, with frequent tests of this mid-term trend signal suggesting that the leading cryptocurrency is experiencing accumulated fatigue.

OpenAI has reached a technical cooperation with the U.S. federal government to provide ChatGPT services, charging each institution only $1 per year.

Big changes are brewing in the Bitcoin world—and they’re happening much faster than most people realize.

Perhaps the most overlooked phenomenon in the public eye is arbitrage trading. Emerging market peer-to-peer exchange mechanisms allow users to exchange USDT for more local currencies, creating demand for remittances and arbitrage traders.

Ethereum is capturing market attention once again, with analysts widely forecasting a major breakout that could send ETH soaring to the $5,000 level and beyond.

Bakkt is acquiring nearly 30% of a Japanese textile company to transform it into a bitcoin-focused business called bitcoin.jp. The company aims to integrate digital assets into its operations and corporate treasury.

Three Federal Reserve officials expressed fresh concerns about the latest signs of weakness in the U.S. labor market, significantly boosting market expectations for an interest rate cut as early as September.

The conflict between the US government and Wall Street is acute. If the US does indeed fall into recession due to interest rate cuts, don't be surprised. That simply proves that the claims of "interest rate cuts stimulating the economy" and "interest rate cuts stimulating inflation" are Wall Street lies.

Golden Finance has launched the 2778th issue of "Golden Morning 8", a morning newspaper for the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

Blockchain, a virtual replica of the real-world "power fragmentation," may be providing a subtle but firm escape route for those trapped under the powerful.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.