11 Aug 2025, 16:23

Turkish Authorities Detain Ethereum Developer Over Network Misuse Claims

Turkish authorities recently arrested an Ethereum blockchain developer nicknamed Fede’s Intern. Allegations levied against him were that he was involved in the misuse of the Ethereum blockchain. This case highlights growing legal challenges faced by people who build blockchain technology. As governments tighten rules on cryptocurrencies, developers are increasingly under scrutiny. Ethereum Developer Denies Misuse Claims Amid Turkey Probe Developers are important in building and maintaining the decentralized applications (Dapps), platforms, and networks that run the crypto space. Fede’s Intern is known to create tools and infrastructure for the Ethereum blockchain network. Turkey’s interior minister reportedly accused him of helping others exploit the blockchain. However, Fede’s Intern denied all claims of wrongdoing. In a recent X post , he stated that his work is open and transparent and can be used and seen by anyone. He also said he runs businesses in many different fields, based mainly in Europe, and works with government contacts worldwide. Meanwhile, Turkey’s government has not publicly explained what actions count as misuse of Ethereum. The country’s interior minister accused the developer of helping others exploit the blockchain. Yet, no official charges have been confirmed. Fede’s Intern said he is willing to cooperate fully with Turkish authorities and others involved. He and his team are seeking help from officials in Europe, the United States, the United Arab Emirates, and Asia. There is also talk about moving him out of Turkey to continue his defense. Similar Cases in the Past This is not the first time blockchain figures have faced legal heat around the world. Just last year, Nadeem Anjarwalla, a senior executive from Binance, one of the world’s largest crypto exchanges, was detained in Kenya under unclear charges after being extradited from Nigeria. Such events show how blockchain technology is coming into contact with different countries’ laws. Some believe this recent case might be caused by misunderstandings about blockchain technology or language issues. Others think it may be part of a wider enforcement effort by Turkey’s government against cryptocurrencies. Many worry that the outcomes of this legal scrutiny can be uncertain and complicated. Concerns in the Crypto Community The detention of this Ethereum developer in Turkey has raised an uproar in the crypto community. Many believe vague accusations like those in Fede’s case could harm developers who build blockchain software openly. A recent report shows that there is a sharp drop in developer activity in the blockchain and crypto industry. There have been concerns over how governments treat blockchain builders, which could play a role in the decline in activity. They argue that creating or maintaining blockchain code is not illegal by itself, even if some people use it wrongly. Meanwhile, Turkey has recently increased regulations on digital currencies. It has introduced rules for exchanges and improved controls to prevent money laundering. Some fear this case may lead to stronger enforcement actions against blockchain developers and companies. The post Turkish Authorities Detain Ethereum Developer Over Network Misuse Claims appeared first on TheCoinrise.com .

11 Aug 2025, 16:18

Is XRP Overvalued? Analyzing Market Sentiment Amid Ongoing Legal Challenges and Future Prospects

XRP is currently under scrutiny regarding its valuation due to ongoing legal challenges faced by Ripple. Investors are divided on whether its price reflects its true utility. XRP’s price volatility

11 Aug 2025, 16:17

Cardano’s midnight glacier airdrop faces skepticism amid 2025 volatility

Cardano’s latest incentive, the Midnight Glacier airdrop, is generating buzz across the ADA community. While it’s meant to reward holders and drive adoption for its privacy-focused sidechain, analysts aren’t convinced it will fuel a sustained rally. The Cardano price is facing ups and downs in 2025, and traders are questioning whether token giveaways can shift momentum in a market demanding utility-first growth. Meanwhile, attention is turning toward smaller-cap plays like Remittix (RTX) , where traction is coming from real-world usage, not speculative airdrops. Cardano price faces uncertain path The ADA price is currently holding near $0.79 after a volatile month that saw multiple swings between $0.75 and $0.84. Cardano News outlets have been promoting the airdrop as a catalyst, but on-chain metrics show only a modest bump in new wallet activity. Source: TradingView Long-term price predictions still call ADA one of the best long term crypto investments, but short-term traders are wary. Without strong buying volume, the airdrop could end up as a short-lived price bump rather than the start of a trend. Why Remittix is gaining traction While ADA experiments with distribution incentives, Remittix is growing through adoption and integrations. It’s not just promising utility, it’s delivering it now. Here’s what Remittix has to offer: Over 500,000 successful crypto-to-FIAT transfers completed in beta testing API connections enabling instant payouts for global freelancer platforms $18.7M+ raised with increasing whale participation ahead of listings Live support for 50+ crypto assets and 30+ FIAT currencies at launch The $250,000 Remittix Giveaway has become a funnel for long-term users, not just quick entrants. That’s helping RTX stand out as a low cap crypto gem with the kind of momentum that builds beyond market hype. Remittix is offering real utility and profits The ADA price might see a temporary lift from the Midnight Glacier airdrop, but history shows giveaways rarely drive lasting growth without corresponding network demand. Remittix, by contrast, is leveraging live payment rails and adoption-driven marketing to scale quickly. In a volatile 2025, that difference could decide which token finishes the year stronger. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway The post Cardano's midnight glacier airdrop faces skepticism amid 2025 volatility appeared first on Invezz

11 Aug 2025, 16:15

TON Foundation: Game-Changing Coinbase Ventures Holding of TON Unveiled

BitcoinWorld TON Foundation: Game-Changing Coinbase Ventures Holding of TON Unveiled Exciting news is buzzing across the crypto world! The TON Foundation recently announced a monumental development via X: Coinbase Ventures is now holding TON coin . This isn’t just a minor update; it’s a significant indicator of growing institutional interest and a powerful vote of confidence in The Open Network’s ecosystem. What Does Coinbase Ventures Holding TON Mean for The Open Network? This revelation, while not detailing the exact size of the holdings, speaks volumes. The TON Foundation clearly stated that Coinbase Ventures holding the digital asset is a “strong sign of belief” in the project’s vision and future. For many, this represents a major endorsement from a highly respected entity in the blockchain investment space. Why is this a big deal? Coinbase Ventures is the investment arm of Coinbase, one of the largest and most regulated cryptocurrency exchanges globally. Their strategic crypto investment decisions often highlight projects with significant potential for growth and adoption. Their involvement suggests a thorough due diligence process and a belief in TON’s underlying technology and community. The Significance of This Strategic Crypto Investment The implications of this move are multi-faceted. First, it brings enhanced credibility to The Open Network. When a reputable venture capital firm like Coinbase Ventures invests, it signals to other institutional and retail investors that the project is robust and worth considering. This can attract more capital and talent to the TON ecosystem. Consider these key benefits: Increased Visibility: The association with Coinbase Ventures naturally elevates TON’s profile within the broader crypto market. Enhanced Trust: It reinforces trust in The Open Network’s stability and long-term viability. Potential for Future Growth: While not a direct listing announcement, such investments often precede deeper collaborations or integrations. This could pave the way for wider accessibility of the TON coin . This institutional backing is a critical step for any blockchain project aiming for mainstream adoption. It validates the hard work of the TON Foundation and the community. Navigating the Future: What’s Next for TON? The Open Network (TON) has been steadily building its infrastructure, focusing on scalability, user-friendliness, and integration with Telegram. This investment from Coinbase Ventures adds significant momentum to these efforts. It suggests that major players recognize the potential of a decentralized internet, built on the principles that TON champions. While the exact next steps are not public, this development positions TON favorably for continued expansion. The focus remains on empowering users and developers within The Open Network, and this strategic crypto investment serves as a powerful validation of that direction. The TON Foundation continues to guide the project, ensuring its decentralized principles are upheld. In conclusion, Coinbase Ventures’ decision to hold TON is a powerful testament to the growing strength and potential of The Open Network. It underscores the increasing confidence from institutional investors in the project’s long-term vision and its ability to deliver a truly decentralized and scalable ecosystem. This is certainly a moment of triumph for the TON coin community. Frequently Asked Questions (FAQs) Q1: What exactly did the TON Foundation announce? A1: The TON Foundation announced via X that Coinbase Ventures, the investment arm of Coinbase, is now holding TON, the native cryptocurrency of The Open Network. Q2: Why is Coinbase Ventures holding TON significant? A2: This move is a “strong sign of belief” in the project from a highly reputable institutional investor. It enhances TON’s credibility, visibility, and signals potential for future growth and broader adoption within the crypto investment landscape. Q3: Does this mean TON coin will be listed on Coinbase? A3: The announcement stated that Coinbase Ventures is holding TON, which is an investment, not a direct listing announcement for the Coinbase exchange. However, such investments can often precede deeper collaborations or integrations. Q4: What is The Open Network (TON)? A4: The Open Network (TON) is a decentralized blockchain project focused on building a scalable, user-friendly, and secure ecosystem. It aims to support a wide range of decentralized applications and services, including payments, storage, and more, often integrated with Telegram. Q5: How does this impact the TON community? A5: This institutional backing boosts morale and confidence within the TON community, validating the project’s direction and the hard work of its developers and supporters. It suggests a positive outlook for the future of the TON coin. Did you find this update on Coinbase Ventures’ strategic move into TON enlightening? Share this article with your network and spark a conversation about the future of institutional crypto investment! To learn more about the latest crypto market trends, explore our article on key developments shaping The Open Network’s institutional adoption. This post TON Foundation: Game-Changing Coinbase Ventures Holding of TON Unveiled first appeared on BitcoinWorld and is written by Editorial Team

11 Aug 2025, 16:15

Saylor’s Strategy Marks 5th Year With 155 BTC Buys, Total Holdings Hit 628,946 BTC

Strategy bought 155 BTC for $18M at an average price of $116,401, SEC filing shows. Total Bitcoin holdings now stand at 628,946 BTC, valued at about $46.1 billion in acquisitions. The latest buy is among the smallest in company history, far below July’s 21,021 BTC purchase. Michael Saylor’s Strategy bought another 155 Bitcoin (BTC) last week for approximately $18 million. According to an SEC filing on Monday, the company paid an average price of $116,401 per BTC. Following this latest buy, Strategy’s total Bitcoin holdings have reached 628,946 BTC. The company has now spent approximately $46.1 billion to acquire its coins, bringing its average purchase price to $73,288 per BTC. Five-Year Anniversary of Bitcoin Strategy The latest acquisition coincided with the fifth anniversary of Strategy’s Bitcoin adoption. The company began its Bitcoin treasury strategy on August 11, 2020, with an initial purchase of 21,454 BTC for $250 million. At that time, Bitcoin traded near $11,400. Over the past five years, Bitcoin’s price has risen roughly 960%, climbing from around $11,400 to nearly $120,000, according to Tradingview price charts. BTCUSD Week… The post Saylor’s Strategy Marks 5th Year With 155 BTC Buys, Total Holdings Hit 628,946 BTC appeared first on Coin Edition .

11 Aug 2025, 16:14

BitMine becomes first ETH treasury company to cross the 1M ETH milestone

BitMine (BMNR) is the first treasury company to cross the 1M milestone for its ETH treasury. BitMine has been buying aggressively, outcompeting SharpLink Gaming. BitMine (BMNR) now holds 1.2M ETH, based on reports of all existing treasuries . BMNR retains its primacy in both the size of recent purchases and absolute holdings. The treasury expansion is part of the company’s plan to acquire 5% of the entire ETH supply. BitMine made its biggest purchase to date, with 1.15M to 1.20M in ETH holdings, depending on reporting methods. | Source: Strategic ETH Reserve ETH treasuries picked up relatively recently, as the pace of buying accelerated beyond the daily ETF activity. There is currently no specific standard for building the treasuries, and some entities have started using their old ICO reserves as a second chance for success. Following the latest purchase, BMNR shares rallied to a one-month high of $64.35. BMNR is now the 25th most liquid US-based share, with $2.2B in daily volumes, BitMine focuses on large-scale, fast ETH purchases BitMine Immersion Technologies generally completes big purchases, with the latest addition of over 317K ETH being the largest so far. In 2025, BitMine completed around 20% of its goal of owning 5% of the ETH supply outright, as a single entity. BitMine has been buying up ETH at a much higher speed compared to Michael Saylor’s Strategy. The company’s founder, Tom Lee , retains significant influence over the crypto space, with his latest role linked to the performance of ETH and its acceptance as a treasury asset. Previously, ETH treasuries were seen as a liability, with many early buyers divesting fully, even at lower market prices. Even large-scale holders like Grayscale sold at much lower prices, based on low demand from their ETP. Now, ETH is becoming a rare commodity mostly for its role in generating passive income. For that reason, BitMine aims for a significant share, capable of generating predictable fees and returns from DeFi, staking, or liquid staking. SharpLink Gaming adds a smaller ETH purchase SharpLink Gaming is also not lagging with its treasury-building activities, but remains dedicated to regular ETH purchases. SharpLink also retains $600M in cash and has more leeway for its ATM purchase program compared to BitMine. The latest addition was for a total of 79.6K ETH, valued at over $320M. Both of the leading treasury builders did not stop buying even as ETH hit new local highs above $4,300. Treasuries expanded even as earlier anonymous whales divested their ETH holdings or traded actively to lock in gains. The recent growth of ETH treasuries coincided with more selling from early ICO wallets. One of the whales prepared 10K ETH for sale through an intermediary address. Some of the early ETH holders may be using the building of treasuries to find liquidity for their ETH. Following the latest additions of ETH, SBET market prices also staged a recovery. The stock rose from recent lows of $17.18 at the beginning of August to $27.24 . SBET is also closely watched for its earnings report coming on August 13, which will reveal the initial success of the ETH treasury decision. ETH and alternative treasuries for SOL, BNB, LTC, and even meme tokens like BONK have accelerated in the past few weeks. An ongoing crypto rally may boost interest in treasury stocks and allow for more active fundraising and stock sales. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.