According to Cointelegraph, two Estonian nationals, Sergei Potapenko and Ivan Turogin, who co-founded the cryptocurrency mining service HashFlare, are set to be sentenced on Thursday after pleading guilty to conspiracy to commit wire fraud. This plea deal comes amid a legal battle with U.S. prosecutors, who have contested claims made by the defendants' lawyers in their sentencing recommendations. The co-founders have requested time served, while the U.S. government is pushing for a 10-year prison sentence, arguing that the victims of HashFlare have suffered significant harm. Prosecutors have criticized the defense's argument that HashFlare's victims did not incur losses, citing an expert opinion and attempts to discredit victim statements. They argue that the expert opinion relies on fabricated data regarding supposed investor earnings, which the defendants admitted to in their plea agreements. The prosecution maintains that the figures provided by Potapenko and Turogin support the victims' claims of financial loss. The U.S. government's sentencing recommendation highlights the fraudulent nature of HashFlare, describing it as a Ponzi scheme. Potapenko and Turogin have previously claimed in court filings that they returned $400 million in cryptocurrency to users and agreed to forfeit interests in assets frozen by the U.S. government in 2022. However, prosecutors have dismissed these claims as incorrect, emphasizing the fraudulent operations of HashFlare. The co-founders were indicted in October 2022, arrested in Estonia, and extradited to the U.S. in May 2024. They have been free on bail since July 2024 and entered guilty pleas in February 2025. During the court proceedings, the co-founders received letters from the U.S. Department of Homeland Security instructing them to leave the United States, aligning with U.S. President Donald Trump's administration's efforts for mass deportations. It remains uncertain whether the judge will consider their immigration status during sentencing. Cointelegraph attempted to contact Potapenko's legal counsel for comments on the upcoming sentencing hearing but had not received a response by the time of publication.

Coinbase launched a second Stablecoin Bootstrap Fund to provide additional liquidity for the DeFi ecosystem via USDC. According to an Aug. 12 announcement, the initiative will target protocols across multiple blockchains, starting with Aave, Morpho, Kamino, and Jupiter. Coinbase also invited protocols seeking liquidity to reach out to the exchange source: https://cryptoslate.com/coinbase-facilitates-defi-funding-via-usdc-amid-40-7-billion-active-loan-record/

Circle stock jumps 11% pre-market following first public earnings showing USDC circulation at $61. 3B with remarkable 90% year-over-year growth despite $482M net loss from IPO-related charges. source: https://cryptonews.com/news/circle-stock-jumps-11-pre-market-after-first-public-earnings-show-usdc-at-61-3b-with-90-growth/

Microsoft has recently rolled out a chip called Majorana 1 that its engineers say could point the way to building quantum computers with the scale people once only imagined. Google and IBM have also posted progress updates in recent months, and some in crypto called the news alarming. Related Reading: Ethereum Faith Fading? Samson Mow Says Holders Will Shift To Bitcoin But Graham Cooke, a Google veteran-turned blockchain CEO, pushed back on the panic, saying “Your wallet’s math is stronger than the fabric of spacetime itself. ” Majorana 1 And The Million Qubit Claim Microsoft says Majorana 1 uses a new class of material — a “topoconductor” — and an architecture meant to make qubits more stable and easier to scale toward a million-qubit device source: https://www.newsbtc.com/news/bitcoin/quantum-computers-no-match-for-bitcoins-math-google-expert-says/

Ethereum exchange-traded funds (ETFs) have recently experienced a remarkable surge in inflows, reaching a total of $1 billion. This significant increase has been largely driven by the involvement of major financial institutions, notably BlackRock, which has played a pivotal role in attracting substantial investments into the cryptocurrency space. As a result of these inflows, Ethereum has seen a notable recovery, with its price climbing back to around $4,000, even in the face of market fluctuations that had previously caused a dip in value. source: https://blocknews.com/ethereum-etfs-hit-inflows-led-by-blackrock-powering-4k-recovery-despite-dip/

The two men pleaded guilty to conspiracy to commit wire fraud in February and later received a letter directing them to “self-deport” from the United States. source: https://cointelegraph.com/news/us-prosecutors-hashflare-co-founders-sentencing-recommendation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Institutions launching their own L1s isn’t good for Solana — but it’s just as bad for everyone else source: https://blockworks.co/news/stripe-circle-l1s-solana

The move comes as Bitfarms looks to redomicile in the U. S. , backed by President Trump's strong political support for crypto and AI. source: https://www.theblock.co/post/366663/bitcoin-miner-bitfarms-looks-to-redomicile-in-us-as-its-revenue-jumps-87-year-over-year?utm_source=rss&utm_medium=rss

BitMine, the Delaware-based ETH whale chaired by Tom Lee, is arming a $20B ATM to chase 5% of supply—after amassing 1. 15M ETH (~$5B) as ETH pushes toward $4,500 source: https://cryptonews.com/news/eths-biggest-whale-bitmine-unleashes-20b-war-chest-to-buy-more-ethereum-supply-shock-imminent/

Bitcoin could pick up momentum above $120,000, with ETH, BNB, LINK, and UNI following suit. source: https://cointelegraph.com/news/bitcoin-holds-dollar118k-while-eth-bnb-link-uni-aim-to-extend-the-altcoin-rally?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Một gã khổng lồ trong ngành với tổng tài sản gần 800 tỷ nhân dân tệ đã chính thức gia nhập cuộc đua stablecoin. Nhà sáng lập đã đích thân dẫn dắt đội ngũ gặp gỡ hai quan chức tài chính hàng đầu của Hồng Kông chỉ trong vòng một ngày.

Golden Finance đã ra mắt "Golden Web3.0 Daily" để cung cấp cho bạn những tin tức mới nhất và nhanh nhất về ngành MEME, DeFi, DAO, NFT và metaverse.

Vào thứ Hai, ngày 11 tháng 8 năm 2025, giao thức Qubic đã hoàn thành thành công nỗ lực kiểm soát mạng lưới Monero, tạo nên lịch sử.

Động lực cung ứng, hệ sinh thái và tác động trên chuỗi của các công ty quản lý quỹ ETH.

Monero, Cuộc tấn công Monero 51%: Vụ thâu tóm trị giá 300 triệu đô la cho hoạt động xác minh kỹ thuật trị giá 6 tỷ đô la? Golden Finance, Qubic là kẻ thù hay đồng minh mới?

Mã hóa cổ phiếu đang trở thành câu chuyện tốt nhất cho sự tích hợp TradFi và Web3 vào năm 2025.

Đọc sách đề xuất cho buổi tối nay: 1. Từ việc bám víu vào Trump đến việc chèo kéo người giàu: ALT5 và WLFI tham gia trò chơi vốn như thế nào? 2. Giá cổ phiếu Bitmine tăng vọt trở lại: Rủi ro là gì? 3. Một câu hỏi thẳng thắn: Ethereum có còn đáng để theo đuổi không?

Cách tiếp cận này sẽ không làm tăng gánh nặng nợ của công ty, nhưng sẽ làm loãng cổ phần của các cổ đông hiện hữu. Nếu giá cổ phiếu suy yếu do thị trường suy thoái hoặc biến động giá ETH, khả năng huy động vốn của công ty thông qua phát hành thêm sẽ bị giảm đáng kể.

Trong một bài đăng thẳng thắn, Li tiết lộ rằng anh thường xuyên bị cư dân mạng chế giễu vì quyết định trở thành công dân Singapore vào năm 2009.

Token PENGU của Pudgy Penguins đã giành chiến thắng trong một cuộc thi giao dịch trên Kraken, dẫn đến việc linh vật của nó được xuất hiện trên xe đua F1 của Williams Racing tại Giải đua ô tô Công thức 1 Singapore. Token này đã chứng kiến sự tăng trưởng mạnh mẽ gần đây và mở rộng danh sách niêm yết, nâng cao vị thế của nó trong cả cộng đồng tiền điện tử và thể thao đua xe.