12 Aug 2025, 15:30

From LayerZero to Strategy: 5 Stories Shaping the Record-Breaking Crypto Market

The total crypto market cap has reached a record $4.1 trillion, driven by the Bitcoin and Ethereum surges, as well as big institutional investment Strategy once again acquired Bitcoin, this time buying 155 BTC at an average price of $116,401 The LayerZero Foundation has proposed a $110 million acquisition of Stargate Finance, using a token swap to consolidate their cross-chain functionalities into a single protocol The crypto industry has been doing rather well lately, with several trending stories that stand out. The biggest story is the market itself, when the total crypto market cap reached a record $4.1 trillion. This was likely driven by a combination of optimism surrounding US inflation data and big institutional investment, including that from ETFs. Bitcoin and Ethereum surging also helped, with BTC going over $122k and ETH going over $4,300. The Full Story. That new all-time high was a huge milestone. Here’s CoinEdition’s report into the numbers . Speaking of institutional investment, Strategy once again acquired Bitcoin, this time buying 155 BTC at an average price of $116,401. Interestingly, the purchase is the company’s smallest since Ma… The post From LayerZero to Strategy: 5 Stories Shaping the Record-Breaking Crypto Market appeared first on Coin Edition .

12 Aug 2025, 15:29

Radiant Capital hacker sells 3,091 ETH for 13.26 million DAI

Radiant Capital hacker offloaded 3,091 Ethereum tokens worth $13.26 million in DAI stablecoins. The exploiter sold ETH at $4,291 per token before transferring DAI to another wallet. This latest movement follows the October 17, 2024, hack that drained $53 million from the cross-chain lending protocol. Hacker liquidates stolen ETH holdings for stablecoin conversion The Radiant Capital exploiter converted 3,091 ETH tokens into 13.26 million DAI stablecoins during recent on-chain activity. Onchain Lens tracked the transaction, showing the hacker received $4,291 per Ethereum during the conversion process. Radiant Capital ( @RDNTCapital ) Exploiter sold 3,091 $ETH for 13.26M $DAI at a price of $4,291 and transferred the $DAI to another wallet. The platform was hacked for $53M on October 17, 2024. https://t.co/Hp8rEBFegT https://t.co/5OOIlwix59 pic.twitter.com/OW8EwNDVFO — Onchain Lens (@OnchainLens) August 12, 2025 The exploiter immediately transferred the entire DAI amount to a different wallet address after completing the conversion. This wallet transfer suggests the hacker continues moving stolen funds to avoid detection and tracking efforts. The transaction is a portion of the total $53 million stolen during the October 17 attack, as previously reported by Cryptopolitan . The hacker appears to be liquidating different cryptocurrency holdings from the original theft. October 2024 attack timeline reveals planning phase The Radiant Capital hack took place in carefully orchestrated stages over a month of preparation. Bad smart contracts were deployed on October 2, 2024, on multiple blockchain networks like Arbitrum, Base, BSC, and Ethereum. The deployment was 14 days before the actual exploit on October 16. The final attack targeted Radiant’s 3-of-11 multisig security mechanism in what appeared to be typical emissions adjustments. The attack infrastructure had previously been set up weeks prior by hackers following initial access. The North Korean threat actors coordinated the attack using INLETDRIFT malware customized for macOS platforms. The malware provided attackers with backdoor privileges under which they performed man-in-the-middle attacks on transaction signing processes. Developers could see legitimate transaction data on their screens while malicious commands were running on hardware wallets. The attack witnessed $53 million stolen from the treasury and user balances of the cross-chain lending protocol. Multiple blockchain networks were hit simultaneously during the concurrent attack on Radiant’s security systems. The attack started on 11th September 2024 when one of their Radiant Capital developers received a spoofed Telegram message. The attacker impersonated a reputable former contractor requesting feedback regarding a Penpie Hack Analysis Report. The attacker had emailed a ZIP file with what appeared to be a valid PDF document to open. The file contained INLETDRIFT malware within, yet appeared normal as a PDF with correctly formatted content. The hosting site for the file appeared almost identical to the legitimate contractor’s site to make it appear legitimate. If opened, the file appeared to contain normal analysis data, secretly installing backdoor access. The developer unknowingly executed an .app file that established communication with command and control servers. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

12 Aug 2025, 15:28

Monero Under 51% Attack as Qubic Pool Gains Majority Hashrate

Qubic mining pool briefly controlled over 52% of Monero hashrate. Attack caused 8% XMR price drop; QUBIC token rose 4% on the day. Debate continues on true extent and motives behind the 51% attack. The Qubic mining pool team has successfully carried out a 51% attack on the Monero network, taking control of more than half of the hashrate, SlowMist founder Yu Xian said. This experiment was previously announced by Qubic’s head and IOTA co-founder Sergey Ivancheglo, who described the initiative as an ”economic demonstration.” According to him, the mining pool team has no intention of maliciously interfering with the network. According to SlowMist’s founder, Qubic’s share of the hashrate among Monero miners reached 52.36% at one point. However, information is circulating on the network that the pool managed to surpass the 53% threshold, reaching a hashrate of 2.65 GH/s. Xian noted that the economic benefit of the attack remains questionable due to its high costs. Ledger CTO Charles Guillemet estimated that maintaining such control costs about $75 million daily. He also pointed out that Monero has limited options to address the issue, though Guillemet believes a complete takeover of the network is a likely outcome. Meanwhile, on the X platform (formerly Twitter), a community member posted a message attributed to dkat, reportedly the head of Qubic’s core developers. According to dkat, the project team ”besieged” Monero and effectively ”starved” other miners. They had at least three opportunities to reorganize up to 10 blocks, which would have caused a network failure, but dkat emphasized that Qubic has no such intentions. Some users have expressed skepticism about whether the attack was truly successful. SeraiDEX lead developer Luke Parker noted that if the attack had been fully effective, there would have been no blocks mined by others. He suggested the Qubic team was likely just fortunate. User tuxsudo agreed, citing MiningPoolStats data and raising suspicion that Qubic disabled their hashrate API. According to MiningPoolStats, the two largest mining pools processed 44 of the last 100 Monero blocks. As a reminder, Qubic employs an economic incentive-based approach. It rewards miners with QUBIC tokens to attract operators to its pool. The mined Monero (XMR) is then exchanged for stablecoins, which are used to buy QUBIC, creating an economic ecosystem that supports its computing power. A successful 51% attack enables the project team to reorganize blocks, censor transactions, or perform double spending. Following the news, the price of XMR fell by 8%, while QUBIC’s price increased by 4% on the daily chart. Implications for Monero and the Broader Crypto Community The Qubic attack underscores the ongoing vulnerabilities even in privacy-focused cryptocurrencies like Monero. While the attack was framed as a controlled economic demonstration, it highlights the risks of centralization in mining power. Such dominance can disrupt transaction finality and erode trust in the network's security, potentially affecting user confidence. The mixed community reactions reflect broader debates on balancing economic incentives and network integrity. Going forward, this event may prompt Monero developers to consider protocol adjustments or encourage diversification of mining resources to better safeguard against future 51% attacks. This incident also reignites discussions about the importance of decentralized mining pools and potential protocol upgrades to mitigate 51% attacks, balancing scalability with network security and resilience.

12 Aug 2025, 15:27

ETH ETF INFLOWS ATH, CIRCLE & STRIPE PLAN L1S, CPI TODAY

Bitcoin pulls back after falling short of ATH. ETH outperforms, ETFs hit record $1b+ inflows. Stripe building L1 blockchain for payments. Circle profit rises 53%, also building L1 chain. Strategy bought only $18m BTC last week. Metaplanet buys $61m BTC. BMNR now top ETH holders, bought $2b in a week. Sharplink sells $400m equity to buy ETH. Fundamental Global buys $200m ETH. FTX customers suing Fenwick. Do Kwon set to plead guilty in fraud case. Chainlink, ICE collab to bring FX & metals on chain. Thiel backed Bullish raises IPO size, $4.8b valuation. Paxos to pursue National Trust Charter in US. Blue Origin to allow crypto payments for space travel.

12 Aug 2025, 15:27

Divergent Stablecoin Regulations May Shape Future Market Dynamics and Cross-Border Viability

Global stablecoin regulations are diverging, with frameworks like Europe’s MiCA, the US’s GENIUS Act, and Hong Kong’s rules creating potential barriers for cross-border projects. Regulatory frameworks vary significantly, impacting usability

12 Aug 2025, 15:25

Solana (SOL) Faces Resistance at $178.72: Potential for Growth Towards $180 Amid Market Neutrality

Solana (SOL) is currently trading at $178.3, reflecting a 0.62% decline over the last 24 hours. Key resistance is at $178.72, with potential growth to $180 if broken. Current SOL