According to Cointelegraph, decentralized liquidity protocol Aave recently announced it had surpassed $60 billion in net deposits, marking a significant milestone as the first decentralized finance (DeFi) protocol to achieve this across 14 networks. This accomplishment was highlighted by Token Terminal data, which showed Aave's net deposits more than tripled over the past year, rising from approximately $18 billion in August 2024. However, shortly after this announcement, a phishing campaign emerged targeting Aave users through Google Ads, as reported by blockchain investigation firm Peckshield. The scammers have been posting phishing links to fake Aave investment platforms, aiming to deceive unsuspecting crypto investors. When users click on these links, they are prompted to connect their crypto wallets to the fraudulent services, potentially allowing scammers to access and transfer all funds stored in the wallets. Such transactions are typically irreversible, leading to permanent loss of funds. While the extent of losses from this phishing attack remains unconfirmed, the campaign's reach is significant due to its propagation through Google Ads services. Phishing scams often trick users into revealing sensitive information by impersonating trusted services, making it crucial for investors to verify website URLs before engaging with any service, especially when depositing funds or linking wallets. In the event of a compromise, investors are advised to transfer funds from the compromised wallet to a secure one immediately, contact their service provider through official channels, and revoke any wallet approvals using services like Revoke.cash. Additionally, compromised wallets should not be reused for storing or depositing funds, as scammers may continue to monitor these wallets for any remaining funds. Users are also encouraged to disconnect their wallets from phishing websites to prevent further unauthorized access. Cointelegraph has reached out to Aave for comments regarding the ongoing phishing attempts, emphasizing the importance of vigilance and proactive measures to safeguard against such scams.

The global cryptocurrency market cap now stands at $3.72T, down by -0.61% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $113,580 and $115,716 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $115,024, up by 0.83%. Most major cryptocurrencies by market cap are trading higher. Market outperformers include OMNI, SPELL, and BIO, up by 26%, 16%, and 16%, respectively. Top stories of the day: XRP News Today: XRP Faces Breakdown Risk as Whales Exit and $2.65 Support Comes Under Pressure Bitcoin News: Bitcoin Gains on Weak Dollar, But Macro Headwinds May Delay Push Toward $120K Bitcoin News Today: Bitcoin Volatility Hits Multi-Year Lows, Mirroring Wall Street Market Behavior Crypto News Today: Crypto Market Cap Stalls at $3.7T as Traders Exit, Institutions Accumulate Bitcoin and Ether XRP News: XRP Reclaims $3 as Ripple-SEC Appeal Decision and Japan ETF Filing Fuel Momentum Binance News: Binance Charity to Airdrop Up to $1.2M in BNB to Flood Victims in Southern Taiwan Crypto News: Crypto Market Sentiment Turns to ‘Greed’ as Bitcoin Eyes $125K Breakout Binance Reveals August Reserves: BTC Coverage Ratio at 102.96% Trump Announces Federal Reserve Chair Candidates from Wall Street Federal Reserve Explores Gold Reserves for Bitcoin Strategy Funding Crypto News Today: Binance Futures Volume Hits $2.55 Trillion in July, Highest in 6 Months Amid Bitcoin Volatility Bitcoin News Today: Indonesia Explores Bitcoin Mining and National Reserves Strategy, Says Bitcoin Indonesia Bitcoin News: Bitcoin Still on Track for $250K in 2025, Says Fundstrat’s Tom Lee Market movers: ETH: $3724.99 (+2.66%) XRP: $3.0041 (+1.92%) BNB: $765.82 (+0.57%) SOL: $169.56 (+3.25%) DOGE: $0.20601 (+2.50%) TRX: $0.3391 (+1.50%) ADA: $0.7421 (+2.03%) WBTC: $114982.27 (+0.82%) XLM: $0.4023 (+2.26%) BCH: $569.9 (+1.71%) Top gainers on Binance: OMNI/USDT (+26%) SPELL/USDT (+16%) BIO/USDT (+16%)

Scammers used Google Ads to impersonate Aave investment platforms in an attempt to trick users into linking wallets to malicious sites. source: https://cointelegraph.com/news/aave-investors-targeted-phishing-attack-google-ads?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Pig Butchering Scams Explode As WhatsApp Deletes 6.8 Million Accounts In Global Crackdown

Investors include Castle Island Ventures, Ledger Cathay Fund, RockawayX, Asymmetric, UTXO Management, Anchorage, and Amber Group. source: https://www.theblock.co/post/365928/bob-raises-9-5-million-usd-strategic-funding-round-bitcoin-defi?utm_source=rss&utm_medium=rss

An equestrian coach reportedly lost thousands after falling victim to a spoofing scam that offered to protect her bank account from fraud. NBC 7 in San Diego reports that in June, Alixe Garcia received a text asking her if she authorized a large purchase at Best Buy. Garcia received a call after texting back “no” source: https://dailyhodl.com/2025/08/07/scammers-spoof-wells-fargo-phone-number-to-steal-5800-after-fake-best-buy-purchase-alert-report/

Binance is one of the world’s leading crypto exchanges. It has handled over $128 trillion in transactions since 2017. The exchange lists around 400 cryptocurrencies and serves 280 million users. Yet, some people are switching due to regulations or wanting a different experience. If you’re looking for the best Binance alternatives, this guide is […] source: https://www.cryptopolitan.com/best-binance-alternatives/

Ethena's Liquid Leverage drives $1. 5 billion inflows, with backing from Aave's increase in deposit limits. source: https://coincu.com/353138-ethena-labs-liquid-leverage-inflows

Bitcoin price analysis looks to last November for clues as to how high BTC might go if recent bull market history repeats. source: https://cointelegraph.com/news/bitcoin-price-echoing-pattern50-btc-gains-in-2024-trader?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to the announcement from Binance, the platform has launched a new educational initiative through Binance Academy, unveiling a dedicated Bitcoin page. This page aims to provide users with a comprehensive understanding of Bitcoin's origins, functionality, and value. The initiative includes a Learn & Earn program, offering rewards to new users who engage with the content and successfully complete a quiz. The activity period began on 2025-08-07 00:00 (UTC) and will continue until further notice. New users who registered on Binance after this date are eligible to participate. By completing the Learn & Earn quiz with all correct answers, participants can earn 0.00001 BTC in token vouchers. However, rewards are limited to the first 5,000 new users each month, distributed on a first-come, first-served basis. Once the monthly rewards are exhausted, participation will close until the rewards are renewed on the first Thursday of the following month. To qualify for the rewards, new users must complete the Know Your Customer (KYC) process. The rewards, distributed within 48 hours to those who pass the quiz, are subject to market fluctuations and have a validity period of 14 days from distribution. Binance emphasizes that accounts must be used solely by the registrants, and any attempts to manipulate the program will result in disqualification. The platform reserves the right to modify or terminate the activity without prior notice and holds the final interpretation rights. This initiative is part of Binance's broader effort to educate users about the blockchain industry through its EduFi program.

A VARA spokesperson told Cointelegraph that while mutual license recognition is a feature, it does not mean automatic passporting to different emirates. source: https://cointelegraph.com/news/uae-sca-vara-crypto-regulatory-partnership?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The booming development of AI Agents is becoming the actual user-facing interface of the AI industry, gradually assuming the core interactive role between AI and users.

KakaoBank, the digital-only banking arm of South Korean tech giant Kakao, is positioning itself to enter the stablecoin market—just as the government accelerates efforts to establish clear regulations around digital assets.

Pump.fun has taken back the lead in Solana’s memecoin launchpad race, launching over 23,000 tokens in a day — far ahead of LetsBonk.fun. Meanwhile, launchpads on Base, backed by Coinbase, have overtaken Solana in daily token launches for the first time in two years.

Ark Invest’s cryptocurrency investments have demonstrated an uncanny ability to identify trading opportunities.

The probability of a September interest rate cut has increased significantly. Can Bitcoin break the August decline and break through 150,000?

Ethereum treasury firms are buying large amounts of ETH and now hold as much as the new U.S. spot ETFs. Unlike ETFs, these companies can earn staking rewards and use DeFi, making them more attractive to some investors.

Bullish-the owner of CoinDesk-is making its debut in the United States with plans for an initial public offering (IPO), with Wall Street Sharks like Ark Investment and Blackrock already showing their interest.

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.

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