Tokenized Equity Product xStocks Launches on Ethereum

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…

5 Most Powerful People in Crypto (August 2025)

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…

Bunni DEX Exploited for $2.3M After Liquidity Rebalancing Flaw

Decentralized exchange Bunni fell victim to an exploit, losing about $2.4 million in stablecoins after attackers manipulated the platform’s liquidity calculations, according to onchain data by multiple Web3 security firms. “The Bunni app has been affected by a security exploit,” its team confirmed on X on Tuesday. “As a precaution, we have paused all smart contract functions on all networks. Our team is actively investigating and will provide updates soon,” the team added. The attack targeted Bunni’s Ethereum-based smart contracts. Funds were drained to an address holding $1.33 million in…

Japan’s Metaplanet Wins Approval for $3.7B Fundraising Plan

Japanese Bitcoin-stacking company Metaplanet secured shareholder approval to overhaul its capital structure, clearing a path for billions in potential fundraising earmarked for its Bitcoin accumulation strategy.  At an extraordinary general meeting on Monday, investors backed amendments to the company’s articles of incorporation to expand its authorized shares to 2.7 billion. It also introduced a new dual-class preferred stock system that would allow Metaplanet to attract different types of investors while preserving control for existing shareholders.  Class A shares would carry a fixed dividend, offering income-focused investors more stable returns. Class…

How the lawsuit strengthened XRP’s narrative

The SEC lawsuit threatens XRP In December 2020, XRP (XRP) was under existential threat. But what almost killed it now appears to be its greatest strategic advantage. A US Securities and Exchange Commission bombshell on Dec. 22, 2020, caused XRP to crash 62%. It led to mass delistings and put the cryptocurrency in a legal grey area. The lawsuit against XRP operator Ripple Labs alleged that it had conducted the sale of $1.3 billion worth of securities since 2013. At the time, it was the final days of the first…

Top 10 Crypto CEOs by Net Worth in 2025

Key takeaways:  Crypto wealth in 2025 is led by exchange founders and stablecoin creators like CZ, Devasini and Armstrong. Not all crypto billionaires are CEOs — Buterin shows protocol builders can rival corporate giants. A new wave of millionaires is rising from culture, entertainment and Web3-native models like Stake.com. Crypto leadership shifts fast; most top names today weren’t on the radar a decade ago. The crypto market is back in full force as of mid-2025. Total capitalization has surged to $3.8 trillion (up over 130% year-on-year), which has sparked a new…

Bitcoin Indicator Gives Third BTC Price Bottom Signal in a Year

Key points: Bitcoin short-term holders are at the center of an “oversold” signal seen only twice in the past year. Both occasions marked long-term BTC price bottoms within the current bull market. Bitcoin RSI signals on low timeframes continue to hint at a bullish market reversal. Bitcoin (BTC) has printed a new signal that has only appeared during local bull market bottoms. New findings uploaded to X on Sept. 1 by Frank Fetter, a quant analyst at investment firm Vibes Capital Management, show a key hodler capitulation event. Bitcoin bulls…

Andrew Tate loses $67K on WLFI Token, opens another long position

Former kickboxing champion and controversial influencer Andrew Tate is once again back to cryptocurrency trading, after a financial loss on Kanye West’s YZY token. Andrew Tate’s long position on the Trump family-linked World Liberty Financial (WLFI) token was liquidated for a total loss of $67,500 earlier Tuesday on decentralized exchange Hyperliquid. Despite the Loss, Tate continued betting on the WLFI token’s price appreciation, “immediately” opening another long position, according to blockchain data platform Lookonchain in a Tuesday X post. The liquidation occurred less than two weeks after Tate opened a…

Ethereum L2 Starknet suffers 2nd Mainnet Outage within 2 months

Ethereum scaling solution Starknet suffered another mainnet outage, causing investor concerns over the reliability of the blockchain network. The Starknet layer-2 (L2) blockchain suffered an outage on Tuesday, affecting the mainnet for two hours and 44 minutes, leading to slow block creation and stagnating transactions on the network. The outage was caused by the network’s sequencer, which, in blockchain terms, operates like a traffic controller for onchain transactions, ordering transactions set to be included in a given block. During Tuesday’s outage, the Starknet sequencer was unable to recognize the “Cairo0…

Ether Machine Raises $654M in ETH Ahead of Nasdaq Listing

Crypto company The Ether Machine secured $654 million in a private financing round, collecting 150,000 Ether from prominent Ethereum advocate Jeffrey Berns. The funds will be transferred to the company’s wallet later this week, according to a Tuesday report by Reuters. Berns, known for his early investments in Ethereum infrastructure and Web3 initiatives, will join the board of directors. The raise is part of the company’s broader strategy to build a substantial Ether (ETH) treasury ahead of its anticipated Nasdaq debut later this year. The Ether Machine was formed through…