According to BlockBeats, Aptos Labs' Chief Business Officer, Solomon Tesfaye, is set to participate in an online roundtable hosted by the independent international financial think tank, OMFIF. The event will focus on central banking, economic policy, and public investment. The meeting will bring together key representatives from the global asset management and blockchain sectors, including Franklin Templeton, Stellar Development Foundation, and R3. Participants will engage in in-depth discussions on the integration of public blockchains with regulated finance, aiming to advance the convergence of traditional financial infrastructure with decentralized technology. This initiative seeks to accelerate the implementation of on-chain asset management and the tokenization of funds.

According to Cointelegraph, cybersecurity firm SentinelLABS has uncovered a widespread scam involving aged YouTube accounts used to promote a crypto trading bot that conceals a malicious smart contract. This scam, active since at least 2024, spreads through YouTube videos shared on social media, offering tips and smart contract code to deploy a crypto trading bot. Alex Delamottea, a senior threat researcher with SentinelLABS, detailed the scam in a report released on Tuesday. The scam operates by adding the attacker's wallet to the smart contract, disguised as a trading address. Once the victim funds the contract, the scammer gains access to drain the funds. Victims are encouraged to deposit at least 0.5 Ether (ETH), valued at $1,829, to cover gas fees and ensure substantial profits. Delamottea's investigation revealed varying degrees of success for the scammers, with one wallet receiving 7.59 ETH, another 4.19 ETH, and a third holding 244.9 ETH, collectively worth over $939,000. The same wallet was observed across multiple weaponized smart contracts, although many unique addresses are in use, making it unclear how many actors are involved. The YouTube accounts used in the scam are older, with a history of posting crypto news, investing tips, or pop culture content to enhance credibility. It remains uncertain whether the bad actors created these channels or purchased them, as old YouTube channels are available for sale online. Delamottea noted that several videos appear AI-generated, facilitating the creation of multiple scam videos without adopting new identities. Negative comments are deleted, and testimonials in the comments section falsely claim personal profits from the bot. Savvy users are turning to platforms like Reddit for additional context. Delamottea emphasized the increasing prevalence of such scams, urging crypto users to exercise caution with trading tools promoted through unverified social media or video content. To defend against these scams, traders are advised to avoid deploying code promoted through influencer videos or social media posts, especially those promising quick, easy profits. Thorough research and validation of the tool's functionality are crucial before deployment, and anything promising effortless gains should be approached with skepticism.

ETH is experiencing the moment of BTC in 2017. Wall Street has begun to support ETH, and ETH will achieve step-by-step growth in the future just like Bitcoin has in the past five years.

According to Cointelegraph, sentiment among cryptocurrency market participants has shifted to a more optimistic outlook following a modest increase in the prices of several major cryptocurrencies over the past 24 hours. The Crypto Fear & Greed Index, a popular measure of market sentiment, rose to the "Greed" level on Thursday, scoring 60 out of 100. This marks a recovery from a "Neutral" position the previous day, reflecting the market's volatile nature as Bitcoin (BTC) recently fell to $112,000 over the weekend, just weeks after reaching an all-time high of $123,100 in mid-July. The return to "Greed" on the index coincided with a 1% rise in Bitcoin's price over the past 24 hours, with the cryptocurrency trading at $114,298. This slight price increase, coupled with the improved sentiment, suggests that market participants are viewing the modest gains as a potential sign of stability in the near term. Onchain analytics firm Glassnode reported on Wednesday that profit-taking among Bitcoin Short-Term Holders, defined as those holding for less than 155 days, has "cooled off," indicating a possible shift in market dynamics. The broader cryptocurrency market also experienced upward movement. Ether (ETH) saw a 2.37% increase over the past 24 hours, trading at $3,664, while XRP (XRP) rose by 2.14% to $2.97, and Solana (SOL) gained 3.26% to reach $167.38. Analysts have expressed optimism about Bitcoin's potential for a "bullish breakout." Michael van de Poppe, founder of MN Trading Capital, commented on social media platform X that Bitcoin is "back to resistance and consolidates here," suggesting that this phase could lead to a bullish breakout. Crypto trader Galaxy noted that the last time Bitcoin experienced similar volatility was in November, prior to its climb from around $70,000 to $100,000 by December 5, following U.S. President Donald Trump's election victory. Meanwhile, another crypto trader, Ted, predicted that Bitcoin could soon reach new highs of $125,000, which would trigger $18 billion in liquidations. This article does not provide investment advice or recommendations. Every investment and trading decision carries risk, and readers are encouraged to conduct their own research before making any decisions.

Crypto analysts have echoed the positive sentiment around Bitcoin, with some speculating it could jump to $125,000 in the near term. source: https://cointelegraph.com/news/crypto-sentiment-greed-bitcoin-ether-xrp-solana-price-bump?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

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

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.