News
12 Aug 2025, 21:04
Ethereum Taps $4,600 as Bulls Set Sights on $6K
Ethereum’s ( ETH) price climbed past the $4,600 mark Tuesday, hitting an intraday peak of $4,629 per token on Deribit. Over the last 24 hours, ether gained 8% against the U.S. dollar and is up nearly 28% for the week. ETH Blazes to $4.6K, Just 7% Away From Historic High The rally shows no sign
12 Aug 2025, 21:00
Qubic Hijacks Monero: 51% Attack Sends Shock Through Crypto
Monero (XMR) is confronting what key voices on X describe as a 51% attack from the Qubic mining pool. Bitcoin developer Peter Todd set the tone early, writing: “Interesting. Apparently Monero just had a big reorg too, I assume related to this attack.” When asked whether Qubic had definitively crossed the 51% threshold, Todd cautioned that real-time dominance is hard to pin down: “That’s inherently difficult to measure. PoW is probabilistic.” Monero Under Siege As Qubic Claims 51% Control A widely circulated post from an account styling itself as Coffeinated User sketched the alleged playbook and economics in stark terms: “Qubic just reached 51% share of Monero. This is a huge feat. They will be the first to manipulate a cryptocurrency with a 51% attack . They intend to orphan all blocks from every other miner, making themselves the only mining entity of Monero.” The same post asserted a profit-split and buyback/burn mechanic around QUBIC tokens: “They are 3X more profitable than mining Monero directly. They are giving half the profit to miners and selling the other half of the profit to buy QUBIC and send it to the burn wallet.” It extended the claim into concrete issuance math and dollar figures: “If they mine 100% of the Monero blocks this gives them 432 Monero mined per day. This is $118,342.08 at the current Monero price. They keep 50% of that and give the rest to miners making their profit $59,171.04 of Qubic being burned every day. $414,197.28 burned a week and $1.656 million burned every month. This is insane.” The post concluded with the market-cap juxtaposition: “Qubic a less than 300 million dollar market cap will be the sole miner of a 6 billion dollar market cap coin.” From the XMR community side, the account @monerobull characterized chain conditions as unprecedented and urged a hash-rate mobilization: “Monero just experienced its deepest re-org ever. Everyone head to gupax.io and start mining. qtip has a halving in 20 days, after which they won’t be able to keep this attack going.” Hardware-wallet executive Charles Guillemet, CTO at Ledger , summarized the situation and its implications in a long post that did not mince words: “Monero appears to be in the midst of a successful 51% attack.” He tied the moment to Monero’s adversarial history and exchange de-listings : “The privacy-focused blockchain, launched in 2014 and long targeted by governments and 3-letters agencies, is already banned from most major centralized exchanges.” On the attacker’s capacity, he wrote: “The Qubic mining pool has been amassing hashrate for months and now controls a majority of the network. A major chain reorganization was detected this morning. With its current dominance, Qubic can rewrite the blockchain, enable double-spending, and censor any transaction.” Guillemet also injected a jaw-dropping back-of-the-envelope cost: “Sustaining this attack is estimated to cost $75 million per day.” He warned of the incentive collapse for honest miners—“Other miners are left with no incentive to continue, as Qubic can simply orphan any competing blocks, effectively becoming the sole miner”—and framed the asymmetry: “In effect, a $300 million market-cap chain is taking over a $6 billion one. Monero’s options for recovery are limited, and a full takeover is now possible and even likely.” As to market reaction, he added: “So far, XMR has dropped only 13%.” From within the Qubic project, “Come-from-Beyond” (Sergey Ivancheglo) signaled both triumph and a call for third-party validation: “Looks like #Qubic has achieved 51% over #Monero, we are waiting for independent confirmations. In the meanwhile #Monero team is polishing details of their 51% attack protection.” Responding to earlier accusations about motives, he continued: “Many accused us of being sponsored by 3-letter agencies to attack this anon coin. What do you think now, after we has helped Monero to prepare for its future fights against those agencies?..” Even as Todd underscores that “PoW is probabilistic” and precise majority measurement is elusive in the moment, the chorus of on-the-record claims from both critics and proponents paints a picture of Monero grappling with a live, majority-hashrate challenge—and a community rushing to counter it in real time. At press time, XMR traded at $252.
12 Aug 2025, 21:00
This Crypto Pattern Has Predicted Every Bull Run – Is It Flashing Again?
If you’ve been in crypto for more than a minute, you know the feeling – the market’s been moving sideways, people are bored, the headlines are quiet… and then something starts to shift. Prices nudge higher, the mood changes, and if you’ve been watching long enough, you recognize it: the same setup that’s shown up before every big run for the past decade. It’s not magic, it’s just how capital moves. Bitcoin slows down, dominance stalls, and suddenly altcoins start picking up steam. Meanwhile, the long-term holders – the ones who don’t care about daily swings – quietly start stacking more. No hype yet, no flashing neon signs. But for traders who’ve seen this movie before, that’s exactly the point when the real money gets made. And lately, in those early-circle conversations, one name keeps coming up : MAGACOIN FINANCE. The quiet before the storm Every major alt season has started with this same “calm before the chaos” vibe. In 2017, Bitcoin cooled off and smaller coins started doubling, then tripling, in a matter of weeks. In 2021, it happened again, only this time meme coins were leading the charge – turning tiny bets into six-figure wins for the early few. We’re seeing the same signs now. Mid-cap alts are stacking up back-to-back green weeks, and presale projects? They’re vanishing in minutes as buyers rush in. It’s the kind of market where you have to move early, because once the hype headlines hit, the easy entry points are gone. And history’s pretty clear about what happens next: projects with a tight community, a real plan, and just enough scarcity to make people nervous about missing out are usually the ones that rocket first. That’s exactly why market leaders are calling for MAGACOIN FINANCE to deliver a 69x return within the year . This isn’t just a random token hoping to get lucky – it’s got the cultural punch to go viral, paired with an expanding roadmap that keeps giving holders more to stick around for. Each presale phase has sold out at record speed, and every time that happens, it adds fuel to the “ better get in now ” fire. In crypto, that combination of urgency and scarcity is gold. Analysts are even starting to draw parallels with SHIBA INU and Dogecoin in their earliest days – those weird, quiet months before the world caught on and the charts went vertical. If this cycle plays out like the last few, MAGACOIN FINANCE could be sitting in that exact early-stage sweet spot where the upside is massive, and the entry window is razor-thin . The rotation is on And it’s not just MAGACOIN FINANCE catching the tailwinds. Solana’s NFT markets and DeFi activity are setting new highs, Polygon is locking in deals with global brands, and Chainlink’s oracle network is quietly becoming a backbone for tokenized finance. You can see the rotation happening in real time – the volume spikes, the sharp price moves in mid-caps, the chatter heating up in Telegram groups and on X. Money is leaving the slow movers and chasing where the momentum is building fastest . You either catch it or miss it Every cycle produces two kinds of traders: the ones celebrating at the top and the ones saying “I almost bought in.” The difference isn’t who spotted the opportunity – plenty of people see it. The difference is who acts before the crowd piles in . Right now, the same pattern that’s nailed every major crypto bull run in the last ten years is flashing again. Altcoins are waking up, presales are disappearing in hours, and forecasts for MAGACOIN FINANCE’s 69x return within the year are spreading through the trading circles that usually get it right. The big question is simple: when we look back on this moment, will you be remembering it… or living it? To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: This Crypto Pattern Has Predicted Every Bull Run – Is It Flashing Again?
12 Aug 2025, 21:00
Circle’s First Public Earnings Send Shares Soaring 11% on USDC Demand Surge
Circle Internet Group shares surged 11% in pre-market trading on Tuesday following the stablecoin issuer’s first quarterly earnings report as a public company. The company reported total revenue and reserve income of $658 million, up 53% from the previous year, while posting a net loss of $482 million, primarily due to $591 million in non-cash charges from its June IPO. USDC supply expanded further to $65.2 billion as of August 10, 2025, representing an additional 6.4% growth since quarter-end and cementing the stablecoin’s 28% market share position. Circle completed its $1.2 billion initial public offering in June, selling 19.9 million shares at $31 each and generating $583 million in net proceeds after fees. Strong Operational Metrics Drive Growth Despite IPO-Related Charges Circle’s underlying business showed robust fundamentals with meaningful wallet addresses growing 68% year-over-year to 5.7 million users across the USDC ecosystem. Reserve income, the company’s primary revenue driver, climbed 50% to $634 million, while other revenue streams, including subscription services, surged 252% to $24 million. However, the company’s revenue, less distribution costs margin, compressed 408 basis points to 38% as Circle invested heavily in strategic partnerships and expanded distribution networks. The reported net loss of $482 million was heavily impacted by $424 million in stock-based compensation from RSU vesting related to the June IPO and $167 million in convertible debt fair value increases tied to share price appreciation. @circle has filed to become a national trust bank in the US, a major post-IPO step aimed at expanding its footprint in regulated digital finance. #Circle #Stablecoins https://t.co/ngb4x1CT4q — Cryptonews.com (@cryptonews) July 1, 2025 Adjusted EBITDA also rose 52% to $126 million with a 50% margin, up 463 basis points year-over-year, reflecting strong operational leverage in the core business. Additionally, Circle’s balance sheet expanded significantly with total assets reaching $64.2 billion versus $45.8 billion at year-end 2024, primarily driven by segregated cash backing stablecoin holders. Average USDC circulation during the quarter hit $61.0 billion, representing an 86% growth year-over-year as institutional adoption accelerated across major financial platforms. The company minted $42.2 billion in new USDC during the quarter while redeeming $40.8 billion, which can only be minted that much when net positive demand exists. Strategic partnerships expanded across major platforms, including Binance, Corpay, FIS, Fiserv, and OKX, collectively reaching over 60 million potential users worldwide. Circle also announced the launch of Arc , an enterprise-grade Layer-1 blockchain designed specifically for stablecoin finance using USDC as native gas, scheduled for public testnet this fall. @circle has filed to become a national trust bank in the US, a major post-IPO step aimed at expanding its footprint in regulated digital finance. #Circle #Stablecoins https://t.co/ngb4x1CT4q — Cryptonews.com (@cryptonews) July 1, 2025 The Arc blockchain features integrated foreign exchange functionality and sub-second settlement capabilities while maintaining EVM compatibility for institutional applications. “Our goal is to deliver a full-stack platform for the internet financial system,” CEO Jeremy Allaire stated during the earnings announcement. Institutional Adoption Reflects Broader Digital Asset Market Evolution Circle’s 86% year-over-year growth in USDC circulation outpaces many traditional payment processing volumes, largely resulting from accelerating mainstream acceptance of stablecoin technology for cross-border transactions and treasury management. The regulatory environment strengthened further with the passage of the GENIUS Act, which established a federal framework for payment stablecoins and codified the company’s existing compliance practices into law. Circle has since filed to launch First National Digital Currency Bank through a national trust charter application with the Office of the Comptroller of the Currency. @circle has filed to become a national trust bank in the US, a major post-IPO step aimed at expanding its footprint in regulated digital finance. #Circle #Stablecoins https://t.co/ngb4x1CT4q — Cryptonews.com (@cryptonews) July 1, 2025 However, the company faces intensifying competition from both existing stablecoin issuers and emerging yield-bearing digital assets that offer additional returns to holders beyond stability. Major investment firms have also shown mixed reactions to Circle’s public debut, with ARK Invest selling nearly $100 million in shares over two days while other institutional backers maintain positions. Wall Street analysts began coverage with mostly positive ratings from Barclays, Bernstein, and Canaccord Genuity, though JPMorgan and Goldman Sachs flagged valuation concerns after the stock’s post-IPO surge. The post Circle’s First Public Earnings Send Shares Soaring 11% on USDC Demand Surge appeared first on Cryptonews .
12 Aug 2025, 21:00
Quantum Computers No Match For Bitcoin’s Math, Google Expert Says
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. The company frames the chip as a step toward practical, fault-tolerant quantum machines that could handle very large problems. That kind of scale is what makes some people worry about cryptography, because certain quantum algorithms work very differently from the classical math that protects keys today. Microsoft built a 1-million-qubit quantum computer. Bitcoin holders are panicking—this could crack crypto encryption. But your seed phrase has 340,000,000,000,000,000,000,000,000,000,000,000,000 combinations. Here’s why quantum still can’t touch it: pic.twitter.com/kiI5oIXej1 — GC Cooke (@GCcookeHQ) August 11, 2025 Google’s Willow And IBM Roadmaps Based on reports, Google’s Willow chip and IBM’s public roadmap have added fuel to the conversation. Google showed a chip that it says solved a benchmark task in under five minutes that, by their measure, would take a classical supercomputer roughly 10 septillion years. IBM has published plans for staged systems — Starling and later Blue Jay — to push toward many logical qubits and extensive error correction over the next several years. Those announcements mean companies are getting closer to solving long-standing engineering problems, but they do not equal an instant ability to undo modern cryptography. Why Bitcoin Isn’t Facing A Panic Right Now Cryptography experts point out that breaking Bitcoin’s elliptic-curve keys needs not just more physical qubits but stable, error-corrected logical qubits and huge run-times. Estimates vary widely, but respected analysis has shown that breaking a 256-bit elliptic curve in a practical time window would require millions or at least many hundreds of thousands of physical qubits once error correction is counted. In short: the path from a lab milestone to a machine that can target Bitcoin addresses at scale still runs through a lot of hard engineering. A 24-word seed phrase? That’s 340 septillion trillion MORE combinations than a 12-word phrase. We’re approaching 10^77 possibilities – nearly as many as atoms in the observable universe (10^80): — GC Cooke (@GCcookeHQ) August 11, 2025 Related Reading: Chainlink Tipped To Outshine XRP In Global Banking Links: Analyst Seed Phrases And Dizzying Numbers Based on reports and public comments from practitioners, wallet math is not the whole story but it matters. Cooke has stressed how large a 24-word seed phrase keyspace is compared with a 12-word phrase, and he used big-picture comparisons — like saying the universe’s age of 14 billion years and “a trillion trillion” restarts — to show how vast those numbers are. Featured image from Getty Images, chart from TradingView
12 Aug 2025, 21:00
All about Stripe’s plan to build ‘Tempo’ blockchain with Paradigm
Is Stripe building the next big enterprise blockchain or just another payments protocol?
