17 Aug 2025, 20:00

Kraken Suspends Deposits of Monero on its Platform

Cryptocurrency exchange Kraken has suddenly put a stop to the deposit of privacy-centric Monero (XMR) on its platform. The company made this decision after discovering 51% attacks on the token’s blockchain. It is worth noting that withdrawals and trading for XMR remain open on the crypto platform. Understanding the Monero 51% Attack Kraken introduced a temporary suspension of XMR deposits on the basis of the identified 51% exploitation of the token. Unfortunately, this situation raises questions about the security of the Monero blockchain, even though it has been one of the longest-standing assets in the market. The 51% attack is a situation when one mining pool gains control of more than 50% of a blockchain network’s total hashing power. This empowers such a mining pool with the ability to double-spend and reorder transactions on the ledger. Apart from reversing transactions, the single mining pool in control could also block new ones. Qubic Takes Over 51% of Monero Blockchain In Monero’s case, Kraken claims that its action is only a precautionary measure, especially as the current state of the mining pool “poses a potential risk to network integrity.” Layer-1 AI-focused blockchain and mining pool Qubic has claimed responsibility for the majority of Monero’s hashrate. In other words, it is the single mining pool with major control over the blockchain. So far, it has reordered six blocks, a move that prompted denials of the attack from the Monero community. The news of Kraken’s suspension has sent some shockwaves through the broader crypto community. Meanwhile, the announcement has not had any notable impact on XMR price at this time. According to CoinMarketCap data, the privacy token is trading at $264.71, equivalent to a 1-day 9.29% spike. Kraken Plans to Secure $500 Million for 2026 IPO On the other hand, the U.S.-based Kraken is looking forward to a public listing by 2026. To this end, it is allegedly seeking to raise $500 million in funding at a valuation of $15 billion. The move aligns with the crypto exchange’s broader strategy to go public. Precisely, it is eyeing a potential listing targeted for as early as the first quarter of 2026. There are a lot of other companies in the crypto and fintech space considering an IPO as well, with many others expected to show interest soon. The post Kraken Suspends Deposits of Monero on its Platform appeared first on TheCoinrise.com .

17 Aug 2025, 20:00

Brevan Howard, Goldman Sachs and Harvard Lead Billions in Bitcoin ETF Buying Spree

Wall Street ramped up its exposure to bitcoin in the second quarter, adding positions not only in spot bitcoin exchange-traded funds (ETFs) but also in U.S. stocks closely tied to the cryptocurrency’s price, according to new filings with the Securities and Exchange Commission (SEC). Brevan Howard nearly doubled its position in BlackRock’s iShares Bitcoin Trust (IBIT) during the second quarter, according to a securities filing . The macro-focused hedge fund held 37.9 million shares at the end of June, up from about 21.5 million in March. The stake was worth more than $2.6 billion based on IBIT’s closing price on June 28, making Brevan Howard one of the largest reported institutional holders of IBIT alongside Goldman Sachs, which boosted its position to $3.3 billion in IBIT and Fidelity’s Wise Origin Bitcoin Trust (FBTC). The banking giant also held $489 million worth of the iShares Ethereum Trust (ETHA), according to a filing . Goldman’s ownership of the ETFs isn’t necessarily a direct wager by its trading desk on bitcoin’s price; rather, it more likely represents positions held by Goldman Sachs Asset Management on behalf of its clients. Brevan Howard, best known for macro trading, however, has long been active in the crypto space and operates a dedicated digital asset division called BH Digital. The unit manages billions in assets and invests in blockchain infrastructure, decentralized finance and related technologies. Harvard, Wells Fargo and more Other major IBIT investors include Harvard University, which reported a $1.9 billion stake in the ETF, and Abu Dhabi’s Mubadala Investment Company, which continues to hold $681 million . In terms of U.S. banks, Wells Fargo nearly quadrupled its holdings of IBIT to $160 million, up from $26 million in the previous quarter, while maintaining a $200,000 stake in the Grayscale Bitcoin Fund (GBTC). Cantor Fitzgerald also boosted its holdings to over $250 million while also increasing stakes in crypto-related stocks, including Strategy (MSTR), Coinbase (COIN) and Robinhood (HOOD), among others. Trading firm Jane Street revealed holding a $1.46 billion stake in IBIT , which represents the largest single position in its portfolio after Tesla (TSLA) at $1.41 billion. It increased its stake in MSTR while reducing its holdings of FBTC. Spot bitcoin ETFs like IBIT, which launched in January, allow investors to gain exposure to bitcoin’s price without directly holding the cryptocurrency. That structure offers traditional institutions an avenue to participate in the crypto market through familiar brokerage accounts and custodial arrangements. Norway buys more For some overseas entities, gaining exposure to bitcoin is easier through U.S.-listed companies that hold large amounts of BTC on their balance sheets. That’s the approach being taken by Norway’s sovereign wealth fund, along with several other European state-backed investors, which are opting for equity stakes in crypto-adjacent firms rather than holding the crypto directly. Norges Bank Investment Management (NBIM), the investment arm of the Norwegian central bank and the entity that manages the country’s $2 trillion pension fund, now indirectly holds 7,161 BTC, according to a new note from K33 Research . That figure is up 192% from 2,446 BTC a year ago, and up 87% from the 3,821 BTC it held at the end of 2024. The largest portion of its exposure — 3,005 BTC — comes through shares in Strategy. The rest is spread across companies like Marathon Digital, Coinbase, Block, and Metaplanet. K33 also counted GME (GameStop) and several smaller holdings as contributing to the total. Still, the exposure remains tiny in context. Norway’s fund owns stakes in thousands of companies across global markets, and the value of its bitcoin-linked investments is a fraction of its total holdings. At a current market price of $117,502 per BTC, the fund’s 7,161 BTC is worth around $841 million — or less than 0.05% of the $2 trillion portfolio. The sharp increase over the past year may signal growing institutional comfort with the asset class, but it doesn’t represent a major strategic shift—yet.

17 Aug 2025, 20:00

Cardano (ADA) Eyes 200% Gain in Coming Months, But This Crypto Might Deliver Faster Returns

As Cardano (ADA) captures headlines with analysts predicting a potential 200% rally in the coming months, market attention is quietly shifting toward Mutuum Finance (MUTM) . Priced at $0.035, the new DeFi token has been picking up traction in presale. Existing holders are positioning themselves for at least a 300% returns. Mutuum Finance has passed $14.5 million in capital and over 15300 investors. The project is positioning itself for potentially faster returns. While ADA’s long-term trajectory remains a key discussion point, this emerging platform’s rapid adoption curve could rewrite near-term performance expectations across the broader crypto market. Cardano Eyes Potential 200% Rally Amid Renewed Market Momentum Cardano (ADA) is trading at $0.92 as recent price action and technical patterns fuel discussion of a possible 200% gain in the coming months. Analysts point to increased network activity, staking participation, and developer growth as contributing factors to ADA’s positive momentum, though broader market trends will likely dictate the pace of any sustained rally. While ADA’s trajectory remains a focus for traders, attention is also turning to emerging DeFi platforms such as Mutuum Finance, which are carving out space in parallel sectors of the market. Mutuum Finance Presale Stage 6 Mutuum Finance has initiated presale round 6 at a price of $0.035. The price will rise by 14.29% to $0.04 in the subsequent stage. Presale has secured over 15300 investors and has raised over $14.5 million thus far. Mutuum Finance (MUTM) is launching a stablecoin to be pegged to the USD on the Ethereum blockchain. It will be a stable and secure investment product in an effort to avoid risk and volatility that are traditionally associated with algorithmic stablecoins. Dual-Lending: Future-Proof DeFi Mutuum Finance employs a two-model strategy in achieving optimal flexibility and efficiency by making use of Peer-to-Contract and Peer-to-Peer lending models. Peer-to-Contract uses self-enforcing smart contracts, which will automatically carry out the lending without any human intervention at all. They run in the market with an unspecified rate of interest based on then-prevailing demand and supply of an interest in real time. Peer-to-Peer model eliminates intermediaries and allows lenders to deal directly with borrowers. Mutuum Finance Brings Stability Mutuum Finance (MUTM) will launch a USD-pegged stablecoin on the Ethereum blockchain. It will be a robust and reliable product to eliminate risk and uncertainty associated with algorithmic stablecoins. The project is also audited with a 95.0 trust score by Certik. Mutuum Finance has announced the Bug Bounty Program with the value of the reward pool being the sum of $50,000 USDT. Four types of severity are available. They are critical, major, minor, and low. The project is also running a $100,000 giveaway to activate the project community. 10 investors stand a chance to receive $10,000 of MUTM tokens. Mutuum Finance (MUTM) is emerging as a standout contender for faster and larger gains than many established projects. The Stage 6 presale price of $0.035 offers an appealing entry before a 14.29% increase to $0.04 in Stage 7, locking in potential upside for early buyers. Over $14.5 million has already been raised from more than 15,300 holders, underscoring the market’s confidence in its dual-lending model, USD-pegged stablecoin, and CertiK-audited security. Combined with a $100K giveaway and $50K bug bounty, the project is building strong momentum toward becoming a DeFi leader. Join the presale now to secure MUTM tokens at the current price before the next stage’s jump. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance

17 Aug 2025, 19:48

Michael Saylor Hints at New Bitcoin Purchase as BTC Price Remains Below $117,000

Michael Saylor’s Strategy is poised to purchase more Bitcoin as its price stabilizes around $117,000, following a recent acquisition of 155 BTC. This move reinforces Strategy’s position as a leading

17 Aug 2025, 19:47

Whale Who Bought Ethereum in 2014 Has Woken Up: It Paid Only $100, Here’s Its Current Value

According to Lookonchain data, wallet “0x61b9”, which participated in Ethereum’s (ETH) initial coin offering (ICO) and has not made any activity for a long time, transferred 334.7 ETH (about $1.48 million) to another wallet today. The investor in question had invested just $104 during the 2014 ICO, earning 334.7 ETH. Ten years later, the value of these assets has reached $1.48 million, a 14,269-fold return. Related News: A Major Update is Coming to Solana (SOL): Here's What Will Change if Approved Meanwhile, spot Bitcoin and Ethereum ETFs in the US also saw notable developments. Last week, Ethereum ETFs saw their highest weekly inflows and trading volume in history. The total trading volume of Ethereum ETFs reached $18.2 billion, approaching the $21.2 billion volume of Bitcoin ETFs. As of Friday, US-based spot Bitcoin ETFs had experienced a total net outflow of $14.13 million, ending a seven-day inflow streak. However, BlackRock's flagship spot Bitcoin ETF, IBIT, saw net inflows of $114.4 million alone. Grayscale's GBTC saw $81.8 million in outflows, while Ark & 21Shares' ARKB saw $46.7 million in outflows. *This is not investment advice. Continue Reading: Whale Who Bought Ethereum in 2014 Has Woken Up: It Paid Only $100, Here’s Its Current Value

17 Aug 2025, 19:42

Solana Speeds Up: Drastic Block Validation Time Reduction Proposed

Solana proposes Alpenglow update to reduce block validation to 150 milliseconds. Alpenglow introduces a modern framework prioritizing efficiency and security. Continue Reading: Solana Speeds Up: Drastic Block Validation Time Reduction Proposed The post Solana Speeds Up: Drastic Block Validation Time Reduction Proposed appeared first on COINTURK NEWS .