12 Aug 2025, 08:00

Ethereum Developer Freed After 24-Hour Detention in Turkey Over Privacy Protocol Links

Ethereum core developer Federico Carrone, widely known as “Fede’s Intern” on X, has been released after spending 24 hours in detention in Turkey over alleged ties to an Ethereum privacy protocol. The arrest highlights the growing scrutiny and legal risks facing developers of open-source privacy tools. Carrone confirmed his release in a post on Monday, saying, “I’m finally out, safe and free. There was a small moment where things looked very bad but thanks to help from many I got released.” He said Turkish authorities accused him of “helping others misuse Ethereum” in connection with a privacy protocol, which he believes relates to a January 2022 research paper evaluating user privacy on Ethereum and Tornado Cash. “We never helped anyone engage in illegal activity; it was purely research on mixers and their properties,” Carrone stressed. A Growing Pattern of Arrests Carrone’s detention adds to a troubling trend of developers being targeted for their involvement in privacy protocols. Tornado Cash co-creators Alexey Pertsev and Roman Storm have faced similar legal pressure, with Storm currently awaiting a verdict in a closely watched trial in New York. Legal experts say the outcome could set a precedent in the U.S. for criminalizing open-source privacy software, potentially stifling decentralized finance innovation and limiting privacy rights. Following his release, the Ethereum developer revealed he is now in Europe. He described tense moments during his detention, including being told he would lose access to his phone and be unable to contact anyone. Quick intervention from friends across the UAE, UK, US, Europe, Argentina, and even the Catholic Church played a crucial role in securing his freedom. Members of the Solana community also offered assistance by connecting him with helpful contacts. “I will never forget their help and hope to one day give back to everyone who supported me,” he said. Ethereum Developer Still Faces Legal Troubles While Ethereum developer is free, the case remains active. His Turkish attorney is still working on his defense, and Carrone said they are assembling a strong legal team to fully understand and resolve the matter. “If needed, once things are sorted out, I will come back to clear my name and defend ourselves,” he said. In the wake of his experience, Carrone announced on Tuesday that he had donated $500,000 worth of Ether to Storm’s legal defense . “Roman’s legal defense matters because builders everywhere need to know they can push innovation forward and that the community will stand behind them when they do,” Carrone said. The post Ethereum Developer Freed After 24-Hour Detention in Turkey Over Privacy Protocol Links appeared first on TheCoinrise.com .

12 Aug 2025, 08:00

Strategy Continues Bitcoin Buying Spree—Scoops Up Another 155 BTC

Michael Saylor’s Strategy has announced a fresh expansion of its Bitcoin treasury, with another 155 BTC being added to its holdings. Strategy Has Completed Another Bitcoin Acquisition In a new post on X, Strategy co-founder and chairman Michael Saylor has revealed the latest purchase completed by the company. The buy, involving a sum of 155 BTC, has come after a break from accumulation last week. Like is usually the case, Saylor hinted at the acquisition a day in advance, writing on X on Sunday: “if you don’t stop buying Bitcoin, you won’t stop making Money.” According to the filing with the US Securities and Exchange Commission (SEC) , Strategy bought the coins in the week between August 4th and 10th at an average price of $116,401. This means that the 155 tokens cost the firm around $18 million. This is a relatively modest purchase for the company. As the chart shared by CryptoQuant community analyst Maartunn shows, the buy is much smaller than the last few acquisitions. The previous buy, made toward the end of last month, was especially larger. It involved a massive 21,021 BTC and was the largest purchase by the company in eight months. After the latest acquisition, Strategy owns 628,946 BTC, purchased for $46.09 billion. At the current exchange rate, this stack is worth $75.17 billion, meaning that the firm is sitting on a profit of about 63%. There are currently over 19.9 million tokens of the cryptocurrency in circulation, implying that the company’s holdings alone account for around 3.16% of the total supply. In an X post , institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has shared a chart for the top 10 companies and governments ranked up based on their Bitcoin holdings. As is apparent from the above graph, Strategy far outweighs all governments and companies in terms of Bitcoin holdings, with the closest competitor being the US. In another post , Sentora has shared another insight related to BTC treasuries, this one focused on the growth that they have seen since the start of 2024. “The amount of Bitcoin held in treasuries has been increasing steadily in recent years, from a combined amount of 1.2 million Bitcoin in 2024 to over 1.86 million bitcoin in August of 2025,” notes the analytics firm. Strategy alone makes up for a third of this amount. BTC Price Bitcoin has erased some of its recent recovery over the past day as its price has retraced back to the $119,700 mark.

12 Aug 2025, 08:00

ETH Bull Run Sparks AVAX & LINK Rally — Analysts Tip This Mid-Cap as Q4’s Biggest Winner Starting From Today

Ethereum’s latest rally has put the entire altcoin market on notice. Breaking above the $4,000 mark has not only lit a fire under ETH itself but also sparked strong moves in Avalanche (AVAX) and Chainlink (LINK). Both tokens have seen renewed buying interest over the past week, and alongside them, one mid-cap altcoin — MAGACOIN FINANCE — is quietly emerging as a favored pick for traders looking to capture early-stage upside before the next wave of market momentum. Why Ethereum’s Rally Is Pulling AVAX and LINK Higher Avalanche has been grinding its way back into bullish territory. Trading just above $24, AVAX has gained nearly 4% on the day after bouncing from strong technical support at $21.50. Confidence in the network is building thanks to major institutional investments — BlackRock’s $240 million and VanEck’s $100 million into Avalanche-powered real-world asset projects have provided a major credibility boost. The recent “Octane” upgrade has cut fees by 42% and improved network speeds, making the platform even more attractive for DeFi, gaming, and payments use cases. Chainlink has been equally impressive. LINK’s breakout past $21 was backed by heavy volume after the launch of the “Chainlink Reserve,” a new on-chain strategic reserve already holding millions in LINK. The initiative aims to strengthen network sustainability and long-term value. With big names like Mastercard and JPMorgan integrating Chainlink infrastructure, whale accumulation has surged, pushing open interest and daily transaction activity sharply higher. Analysts Bullish On MAGACOIN FINANCE While AVAX and LINK have been standout performers, some traders are reallocating a portion of their gains into high-upside mid-caps. MAGACOIN FINANCE is one such project seeing a spike in activity. Built around a politically charged meme narrative and supported by a growing community, the token is currently in a phase of rapid presale adoption. Analysts tracking wallet activity have noted large transactions from established AVAX and LINK holders flowing into MAGACOIN FINANCE . The rationale is straightforward: in bull markets, early-stage projects with strong branding, cultural relevance, and secure infrastructure can deliver some of the largest percentage gains. Conclusion The ETH-led rally has created a wave of optimism that’s spilling over into the rest of the market. Avalanche and Chainlink are clear beneficiaries, but history suggests that the next cycle’s breakout stars often start off quietly. MAGACOIN FINANCE fits that description today — attracting attention from seasoned traders who see potential in its unique positioning and early traction. If momentum continues to build, it could emerge as one of Q4’s biggest winners. To learn more about MAGACOIN FINANCE, visit: Website: https://buy.magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: ETH Bull Run Sparks AVAX & LINK Rally — Analysts Tip This Mid-Cap as Q4’s Biggest Winner Starting From Today

12 Aug 2025, 07:59

The Smarter Web Company Acquires 295 Bitcoin, Boosting Total Holdings to 2,395 BTC

The Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF | FRA: 3M8), a London-listed firm, has announced the acquisition of an additional 295 BTC as part of its “10 Year Plan,” which includes a treasury policy focused on bitcoin accumulation. The purchase was made at an average price of £89,000 per bitcoin (approximately $119,412), totaling

12 Aug 2025, 07:59

Bitcoin Exchange Upbit Announces Listing of New Altcoin on Spot Trading Platform! Here Are the Details

South Korea-based cryptocurrency exchange Upbit announced that it will list its Cyber (CYBER) token on Korean Won (KRW) and Tether (USDT) pairs on August 12, 2025. Upbit to List Cyber (CYBER) Token on KRW and USDT Markets Trading support for CYBER, which will be traded on the Ethereum network, will begin at 11:00 CET. The exchange emphasized that investors should always verify network information before trading. The announcement noted that deposits made outside the Ethereum network will not be supported and that transfers made from the wrong network may take longer to be refunded. CYBER's official contract address on Upbit was also shared. Certain restrictions will apply at the start of trading. Buy orders will be blocked for the first five minutes of listing, and sell orders placed at 10% below the previous day's closing price will be blocked during the same period. Furthermore, only limit orders will be allowed for trading during the first two hours. CYBER stands out as a project offering a web3-based multi-chain social network infrastructure. It aims to strengthen the decentralized social media ecosystem with its CyberConnect protocol, social data storage solution CyberDB, and user-friendly wallet access. The token will be usable for transaction fees, on-chain governance, and within the CyberAccount ecosystem. Upbit warned investors to be wary of the high volatility and regulatory risks of crypto assets. *This is not investment advice. Continue Reading: Bitcoin Exchange Upbit Announces Listing of New Altcoin on Spot Trading Platform! Here Are the Details

12 Aug 2025, 07:56

Fundamental Global’s Strategic Acquisition of 47,331 ETH Suggests Potential Growth in Ethereum Holdings and Staking Opportunities

Fundamental Global has acquired 47,331 ETH valued at $202.8 million, fully deploying a $200 million placement into Ethereum, focusing on staking and custody. Fundamental Global now holds 47,331 ETH worth