The founder of WhiteRock Finance was arrested in the UAE over his suspected role in a $30 million scam linked to the failed crypto project ZKasino. The news caused WhiteRock’s token to crash, as investigators revealed forged partnerships and missing investor funds.

According to BlockBeats, former Ethereum core developer Eric Conner recently identified three major catalysts for Ethereum's growth. Stablecoins have been continuously injecting dollars into Ethereum for 21 months, with monthly transaction volumes now comparable to Visa. These stablecoins act as an on-chain cash engine, driving sustained demand for ETH block space. Additionally, spot ETH ETFs saw a net inflow of $1.17 billion in June alone. Fund managers anticipate that the scale of ETH ETFs will multiply by the second half of 2025. Furthermore, centralized exchange balances have dropped to 9 million ETH, marking the lowest level since 2015. Eric Conner noted that Ethereum has been fluctuating between $2,400 and $2,600 for several weeks, with reduced trading volumes and subtle highs and lows. Long-term consolidation often leads to significant volatility. Therefore, if ETH decisively breaks through the $2,600 mark, the movement could be rapid and intense.

According to Odaily, decentralized U.S. stock token trading platform Mystonks has announced a strategic partnership with Web3 social giant DeBox. The collaboration aims to enhance user growth, community ecosystems, and resource sharing, fostering innovation in digital securities and Web3 social interactions for global users. This partnership promises a richer experience in digital asset investment and community engagement. On the product front, DeBox's discovery page now allows direct trading of U.S. stock tokens via Mystonks. Mystonks currently boasts over 10,000 registered users and supports 146 mainstream U.S. stocks and ETF spot tokens. The platform is set to launch derivatives trading based on the U.S. stock market, enabling T+0 on-chain transactions using stablecoins like USDT and USDC. DeBox, a prominent platform in the Web3 social domain, has over 10.6 million registered users, 640,000 daily active users, and more than 270,000 communities. The platform has accumulated a trading volume exceeding $600 million. Its AI-driven Bot ecosystem and comprehensive community tools offer new and mobile users efficient and convenient on-chain social and asset management experiences.

According to BlockBeats, Ronin has partnered with the card trading platform Drip to introduce the Pokémon Slab NFT series. Each NFT in this collection represents a physical Pokémon card. Users can exchange their NFTs through Drip to receive the corresponding physical card at their location.

According to Odaily, blockchain asset management platform Lorenzo has introduced its first On-chain Traded Fund (OTF) testnet product, USD1+ OTF, on the BNB Chain testnet. This marks Lorenzo's initial offering settled in USD1 stablecoin, focusing on USD-based yield products. Supported by Lorenzo's Financial Abstraction Layer, the product integrates returns from Real World Assets (RWA), quantitative strategies, and DeFi, all settled in USD1. Lorenzo is among the pioneers in developing real yield products centered around USD1, enhancing its practical use in the on-chain financial ecosystem. Users can participate in the product testing by staking USDT, USDC, or USD1 to receive sUSD1+ tokens, representing yield rights, and experience a stable, diverse, and genuine yield structure. Lorenzo aims to establish an on-chain investment bank, specializing in standardized issuance, tokenized management, and fundraising services for yield-generating assets in CeFi, RWA, and DeFi sectors, bridging large-scale on-chain funds with institutional-grade financial products.

According to Foresight News, Japan's second-largest bank, Mitsui Sumitomo Bank, has announced the opening of a new business co-creation facility named HOOPSLINK in the Chiyoda district of Tokyo, specifically in the Shin-Marunouchi Building. This initiative aims to advance the development of Web3 and generative AI technologies. HOOPSLINK will leverage the network cultivated by Mitsui Sumitomo Bank to conduct various activities focused on creating new business opportunities. The facility plans to host seminars and workshops designed to enhance understanding of cutting-edge technologies such as generative artificial intelligence and quantum computing, as well as address related social and business challenges.

According to ShibDaily, a new malware strain named NimDoor has been identified, targeting macOS devices. Developed by North Korean threat actors, this malware aims to steal cryptocurrency wallet credentials and Telegram data. Its use of the rare Nim programming language and delayed execution makes it difficult to detect, providing a strategic advantage over traditional malware. The cyberattack campaign, uncovered by researchers at cybersecurity firm SentinelLabs, involves advanced malware strains designed to infiltrate Apple devices. The malware bypasses Apple's built-in memory protections and delivers an infostealer payload specifically targeting data from crypto wallets. The threat actors employ a social engineering tactic by posing as a trusted contact on messaging platforms like Telegram. They engage the victim in conversation to establish credibility before inviting them to a fake Zoom meeting, disguised as a Google Meet session. A file mimicking a legitimate Zoom update is then sent, which serves as the delivery method for the malicious payloads. Once the fraudulent update file is executed, it installs the NimDoor malware onto the victim's device. The malware then harvests sensitive information, focusing on cryptocurrency wallets and stored browser credentials. Although the initial attack method follows a familiar pattern—leveraging social engineering, lure scripts, and fake software updates commonly associated with DPRK-linked campaigns—the use of the Nim programming language sets this malware apart. Nim-compiled binaries are rarely seen targeting macOS, making the malware less recognizable to conventional security tools and potentially more difficult to analyze and detect. The researchers noted that North Korean threat actors have previously experimented with programming languages like Go and Rust. However, the recent shift toward using Nim reflects a strategic advantage. Nim's cross-platform capabilities allow the same codebase to run on Windows, Linux, and macOS without modification, increasing the efficiency and reach of their attacks. The malicious payload includes a credential-stealing component engineered to discreetly harvest browser and system-level data, bundle the information, and transmit it to the attackers. Additionally, a script within the malware targets Telegram by extracting both its encrypted local database and the corresponding decryption keys. The malware employs a delayed activation mechanism, waiting ten minutes before executing its operations to evade security scanners.

Key Takeaways You wouldn’t buy a car without at least knowing which pedal makes it go—so why throw your money into crypto without understanding how the engine (aka blockchain) works? Before you start chasing coins or minting NFTs, it’s worth getting familiar with a few blockchain basics. Not because you need to become a tech wizard, but because knowing the fundamentals can save you a ton of confusion—and potentially, cash. Think of blockchain as the behind-the-scenes tech that makes crypto possible. It’s not magic source: https://news.shib.io/2025/07/04/9-blockchain-basics-every-newbie-should-know-before-investing/

Amber International Holding secures $25. 5M through private placement for its $100M crypto reserve program. source: https://coincu.com/346755-amber-international-crypto-reserve-expansion

Nano Labs begins $1B BNB strategy with a $50M purchase as it shifts from chip sales to crypto reserves while BNB price shows signs of recovery. source: https://www.cryptopolitan.com/nano-labs-begins-1b-bnb-accumulation-plan/

Amber International is aiming to progress its $100 million crypto reserve strategy with a $25. 5 million private placement. The post Amber International Raises $25. source: https://cryptonews.com/news/amber-international-raises-25-5m-in-private-placement-to-advance-crypto-strategy/

Speaking at a central banking conference in Sintra, Portugal, Lagarde emphasized that stablecoins have the potential to erode the authority of central banks and blur the lines between private and public money.

An Australian crypto billionaire was nearly kidnapped in Estonia by a gang posing as workers. He escaped by biting off one attacker’s finger, and the gang’s plan to steal his crypto failed.

A successful token launch is a full-stack strategy that takes into account product traction, community scale, and compliance readiness.

A widespread cybercriminal campaign is actively targeting Mozilla Firefox users with more than 40 fake browser extensions designed to steal cryptocurrency wallet credentials, with the most recent extensions being uploaded just last week.

A new private club in Seoul with a KRW 1 billion annual fee reportedly excludes people who made money from cryptocurrency and those with many tattoos. Despite its high price, membership is selective and requires recommendations, aiming for a traditional, exclusive image.

The US Justice Department has launched a criminal investigation into a former employee of DigitalMint, a Chicago-based firm specializing in ransomware negotiations and cryptocurrency payments.

Golden Finance launches the 2744th issue of "Golden Morning 8" - a morning report on the cryptocurrency and blockchain industry, providing you with the latest and fastest news on the digital currency and blockchain industry.

Cohen built GameStop into the 14th largest bitcoin holder with the same ease with which he built Chewy from scratch and bought it for $3.35 billion.

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