According to Cointelegraph, unsuspecting cryptocurrency users have fallen victim to address poisoning scams, resulting in losses exceeding $1.6 million in just one week. This figure surpasses the total losses recorded in March, which amounted to $1.2 million. The scams involve mimicking legitimate wallet addresses, leading users to mistakenly copy and paste incorrect addresses during transactions. A notable incident occurred on Friday when a victim lost 140 Ether (ETH), valued at approximately $636,500, after copying a contaminated address from their transfer history. ScamSniffer, a crypto scam prevention platform, reported that the victim inadvertently sent funds to a lookalike address seeded in their transaction history. The platform emphasized that the victim's history was filled with poison address attacks, making it inevitable for the trap to succeed. Further reports indicate that another victim lost $880,000 worth of cryptocurrency to address poisoning on Sunday. Additional alerts revealed losses of $80,000 and $62,000 on Wednesday due to similar scams. Cybersecurity firms have compiled data showing that more than $1.6 million has been lost to scammers through address poisoning since Sunday. Address poisoning scams operate by sending small transactions from wallet addresses that closely resemble legitimate ones. This tactic deceives users into copying the wrong address when conducting future transactions. Web3 Antivirus, a blockchain security firm, explained that poisoners send minor transfers from addresses mimicking real ones, turning transaction history into a trap. In addition to address poisoning, malicious signature signing has contributed to significant losses. At least $600,000 was lost this week from victims who signed phishing signatures such as "approve," "increaseAllowance," and "permit." On Tuesday, a victim lost $165,000 worth of BLOCK and DOLO tokens after signing malicious signatures, as reported by ScamSniffer. ScamSniffer advises users to utilize an address book or whitelist and verify the full address before sending funds to prevent falling prey to these scams. The platform reiterated the importance of these precautions, highlighting the ongoing threat posed by address poisoning and malicious signature signing in the crypto space.

While some Ether holders expect new all-time highs within the next few days, a Nansen analyst believes it may still be weeks to months away. source: https://cointelegraph.com/news/ether-price-holders-all-time-high-hopes-fade-crypto-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Their message to Congress: the law leaves dangerous gaps that could undermine lending and shake financial stability. source: https://coindoo.com/banks-warn-of-credit-risks-clash-with-coinbase-over-stablecoin-law/

According to PANews, the Federal Bureau of Investigation (FBI) has issued a new warning regarding fraudulent activities targeting victims of cryptocurrency scams. The agency highlighted that scammers are impersonating law firms and government employees, falsely promising to recover lost funds for victims. These cybercriminals may demand payment in cryptocurrency or gift cards as a 'service fee,' a practice that legitimate organizations do not engage in.

Summary: Is the U. S. Treasury still planning to buy Bitcoin for its Strategic Bitcoin Reserve? Yes, Treasury Secretary Scott Bessent clarified that the department is exploring budget-neutral ways to acquire Bitcoin for the reserve. The Bitcoin already seized by the federal government will form the foundation of the reserve source: https://news.shib.io/2025/08/15/scott-bessent-reverses-us-treasury-still-eyeing-bitcoin-reserve-purchases/

Key points: Imagine waking up one day to check your crypto wallet and realizing it’s empty, millions gone with a single mistake. It sounds like a nightmare, but for some unlucky holders, it’s very real. From typos to scams, a single slip can turn a fortune into vapor. Your crypto wallet isn’t just an app, it’s your digital vault, your passport to the blockchain, and your personal bank all rolled into one source: https://news.shib.io/2025/08/15/5-crypto-wallet-mistakes-that-cost-people-millions/

Crypto address poisoning scams exploded this week, including one victim losing $636,000 in Ether due to a purposefully contaminated wallet history. source: https://cointelegraph.com/news/1-6m-lost-wave-crypto-address-poisonings-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin recently formed a new all-time high (ATH) of $124,474, before experiencing a 3. 5% decline in the last 24 hours. This drop follows a trend observed by CryptoQuant data, indicating that whales (large holders) may be selling their positions. The selling activity is directly affecting Bitcoin’s price as it moves from the ATH source: https://beincrypto.com/whales-moving-bitcoin-to-binance/

Japan’s economy has surged 1% on an annualized basis. source: https://www.cryptopolitan.com/japans-economy-grows-beyond-forecasts/

Avenir Group increases its BlackRock Bitcoin ETF shares to 16. 55 million in August 2025, amounting to $1. 01 billion. source: https://coincu.com/354980-avenir-group-bitcoin-etf-holdings-2025

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Citigroup plans to offer custody services for assets backing stablecoins and cryptocurrency ETFs, aiming to meet new US rules. The bank is also developing stablecoin payment solutions for faster cross-border transactions.

Bitcoin experienced a sharp fall-dropping from its all time high of $214,457 to $118,730-after U.S Treasury Secretary Scott Bessent announced that the government would no longer be making additional purchases of Bitcoin for its strategic reserve and digital asset stockpile.

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Economist Sumerlin believes a more aggressive rate cut is appropriate, potentially allowing for a 50 basis point reduction, while also emphasizing the importance of Fed independence. Jefferies market strategist David Zervos supports a significant rate cut, undeterred by unexpectedly strong U.S. producer price inflation data.

Golden Finance has launched the 2786th issue of "Golden Morning 8", a morning newspaper for the cryptocurrency and blockchain industry, providing you with the latest and fastest digital currency and blockchain industry news.

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