Month: September 2025

North Korean “Developers” Infiltrate Crypto Firms

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The 2025 Favrr heist In a twist worthy of a cyber‑thriller, a group posing as blockchain developers pulled off a $680,000 heist on fan token marketplace Favrr in June 2025, only to be unmasked when one of their own devices was counter‑hacked. What emerged was startling: Six North Korean operatives had at least 31 fake identities. They carried forged government IDs, phone numbers and fabricated LinkedIn and Upwork profiles. Some even posed as talent from Polygon Labs, OpenSea and Chainlink to infiltrate the crypto industry. The digital breadcrumbs (screenshots, Google…

Pineapple Financial launches $100M Injective treasury, first public company to hold INJ

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Key Takeaways Pineapple Financial raised $100M to build the first Injective treasury by a publicly traded company, aiming for 12% staking yield. The news comes as the SEC reviews Canary Capital’s staked Injective ETF application, with INJ trading near $12.8. Share this article Pineapple Financial launched a $100 million Injective treasury strategy today, becoming the first publicly listed company to hold INJ tokens. The NYSE American-listed fintech company (PAPL) secured the funding through a private placement. The treasury aims to generate approximately 12% passive yield through staking, positioning it among…

Bitmine Now Holds 1.86M ETH, About 1.5% of All Ether

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BitMine Immersion Technologies, a publicly traded Bitcoin mining company and Ether treasury, said it holds almost 1.9 million ETH — well over 1.5% of all circulating Ether. According to a Tuesday announcement, BitMine holds 1,866,974 Ether (ETH) or nearly 1.55% of the entire ETH supply, 192 Bitcoin (BTC) and unencumbered cash of $635 million. This results in a combined total capital of $8.98 billion. According to Strategic ETH Reserve data, Bitmine is currently the world’s largest corporate Ether treasury, with its ETH holdings valued at over $8.1 billion. The second-largest…

Uptober Incoming? Why September’s Ethereum (ETH) Chart Could Fool Everyone

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Ethereum’s (ETH) momentum has stalled, with the token tumbling from its August record of $4,950 to under $4,300. The decline reflects investors shifting focus to securing profits after the recent rally, as the overall sentiment appears to have extended into September. But ETH’s bearish setup may not be what it seems, and traders fearing the altcoin’s September breakdown may regret it. Greatest Bear Trap Ethereum may be on the verge of what some analysts call the “biggest bear trap” this month. In his latest post on X, crypto trader and…

Tokenized Equity Product xStocks Launches on Ethereum

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XStocks, a tokenized stock product owned by Backed Finance, is launching on Ethereum with about 60 tokenized stocks, including NVIDIA, Amazon, Tesla, Meta and Walmart, according to an announcement on Tuesday. Before its debut on Ethereum, xStocks had launched on Solana, BNB Chain and Tron. Behind the platform is Backed Finance, a real-world asset (RWA) tokenization company that has been partnering with crypto exchanges, including Kraken and Bybit, to host its product. “Ethereum is one of the world’s most widely adopted smart contract networks — and xStocks were built to…

SmartGold, Chintai to Tokenize $1.6B in IRA Gold

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Gold-backed IRA provider SmartGold is moving $1.6 billion of vaulted assets onchain through a partnership with tokenization platform Chintai Nexus, potentially opening the door to tokenized gold investments through self-directed US Individual Retirement Accounts (IRAs). Each gold token is backed one-for-one with physical bullion and can be deployed as collateral across decentralized finance (DeFi) lending protocols, the companies said Tuesday. The structure works by having investors purchase and store vaulted gold through a SmartGold self-directed IRA. Chintai then tokenizes the holdings, issuing digital representations tied directly to the physical asset.…

Tom Lee’s Ethereum treasury BitMine acquires over 153K ETH, holdings approach 2 million

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Key Takeaways BitMine added 153,000 ETH last week, bringing its total holdings to 1.87 million ETH alongside 192 BTC and $635 million in cash. Chairman Tom Lee framed Ethereum as a decades-long supercycle akin to Wall Street’s expansion after the end of the gold standard in 1971. Share this article BitMine Immersion Technologies announced earlier today that it expanded its Ethereum holdings, adding 153,000 ETH last week and holding $635 million in cash for potential future Ethereum acquisitions. The NYSE American-listed firm’s new additions bring its total Ethereum holdings above…

Is XRP A Meme Coin? Analyst Reveals How Whales Are Playing The Game

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XRP is trading below $3 after repeated rejections above $2.8 in the past 24 hours. A new chart analysis from crypto MadWhale shows the pressure building inside a descending channel that might push the XRP price down to $2.4. However, what stands out in his analysis is not just the price target; it’s the bigger question of whether XRP is starting to behave like a meme coin that is being controlled by crowd psychology and whale activity. XRP’s Psychological Cycle That Resembles Meme Coins In his analysis, which was posted…

5 Most Powerful People in Crypto (August 2025)

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Key takeaways:  Power in crypto has shifted from traditional players to five forces driving onchain finance and control. These forces are stablecoins, ETFs, base-layer upgrades, blockspace security and high-throughput execution. Traditional gatekeepers like exchanges and regulators now play a lesser role. Power in crypto today revolves around five levers: dollar liquidity (stablecoins), capital markets (ETFs and tokenization), base-layer roadmaps, blockspace security markets and high-throughput execution. Since 2024, the balance of influence has shifted away from the old “exchanges vs. regulators” dynamic to a new center of gravity. Bitcoin (BTC) exchange-traded…

Crypto Influencers Raking in $60K Per Post, With Almost No Disclosure

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Blockchain detective ZachXBT has revealed that more than 200 influencers have been charging thousands of dollars, sometimes as much as $60,000 for a single post, to promote token projects. However, what is more worrying is that fewer than five out of over 160 accepted deals bothered to disclose their promotions as ads, raising serious questions about transparency and potential market manipulation. Inside the Leak A spreadsheet shared by the investigator on X showed a tiered pricing system resembling a media-buying schedule. High-profile accounts charged between $5,000 and $10,000 per post,…