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

一家总资产近8000亿的产业巨头正式加入稳定币争夺战，创始人亲自带队一日内连会香港两位最高财经官员。

金色财经推出《金色Web3.0日报》，为您提供最新、最快的MEME、DeFi、DAO、NFT和元宇宙行业新闻。

​2025 年 8 月 11 日星期一，Qubic 协议成功完成了其对门罗币网络控制的尝试，创造了历史。

ETH 国库型公司的供应动态、生态系统与链上影响。

门罗币,门罗币被51%攻击： 一场3亿美元接管60 亿美元的技术验证？ 金色财经,Qubic是敌人还是新的友军？

股票代币化，正在成为 2025 年 TradFi 与 Web3 融合的最佳叙事。

今日晚间推荐阅读：1.从抱特朗普大腿到左手倒右手 ALT5和WLFI的资本游戏如何玩？；2.Bitmine股价再次暴涨 风险在哪？；3.粗暴的问题：以太坊现在还能追吗？；

这种方式不会增加公司的债务负担，但会稀释现有股东的股份。如果股价因大盘下行或ETH价格波动走弱，公司通过增发融资的能力会大打折扣。

In a candid post, Li revealed that he has been frequently mocked by netizens over his decision to become a Singapore citizen in 2009.

Pudgy Penguins’ PENGU token won a trading contest on Kraken, leading to its mascot being featured on Williams Racing’s F1 car at the Singapore Grand Prix. The token has seen strong recent growth and expanded listings, boosting its profile in both the crypto and motorsport communities.