News
12 Aug 2025, 23:03
Odin.fun users panic as suspicious withdrawals drain deposits
Odin.fun, a Bitcoin-based memecoin launchpad, has suspended trading and withdrawals after deposits on the platform plunged by nearly 20% in less than two hours, sparking fears of a serious security breach. An alarm was raised by an X user, @web3xiaoba , who said the platform’s Bitcoin deposits fell from 291 BTC to 232.8 BTC, a loss of roughly 58.2 BTC. The account also identified two addresses allegedly involved in the transactions and claimed the exploit was carried out by manipulating liquidity pools to extract BTC without leaving paired assets behind. Bob Bodily, Odin.fun’s founder, confirmed on X that the platform had paused all trading “to ensure we can protect user funds” while investigating the withdrawals. Hi everyone – we're looking deeper into the recent withdrawals from the platform, so we've paused trading to ensure we can protect user funds. We'll keep you all posted on the investigation. More soon! — Bob Bodily, PhD 👋 | #BTC #ETH #ICP 🧙🏽♂️ (@BobBodily) August 12, 2025 BTC drain triggers market rout The latest developments have triggered recalls of the incident that occurred in April 2025, when Cryptopolitan reported that Bob Bodily’s Odin.fun’s account was compromised, leading to the unauthorized clearance of assets. Odin paused trading and withdrawals to confirm if more accounts were affected and also to fix the issues. The incident sent a ripple effect in the market as ODINDOG, the platform’s token, saw a slump of about 40%. It also affected other tokens hosted on the platform. When this breach occurred, it split the community along the lines of sympathy and suspicion. Some users accepted Bodily’s account of an external compromise, describing the situation as a “nightmare.” Others questioned why withdrawals for all users had been suspended if, as Bodily initially claimed, only his account was targeted. This latest occurrence has also torn the community apart, with some still laying the blame at the founder’s feet. Possible flaw in Odin.fun’s authentication system The actors behind this breach haven’t made themselves known. However, after the previous breach, members of the Internet Computer (ICP) developer community have pointed to a critical flaw in the “Sign-In With Bitcoin” (SIWB) canister. According to a DFINITY forum post, the SIWB canister did not properly verify that a public key matched the associated Bitcoin address, enabling attackers to impersonate users by replaying signed messages. The vulnerability was patched after the Odin incident, with DFINITY urging all teams using custom SIWB deployments to apply the fix before re-enabling sensitive actions like withdrawals. It looks to be seen if this advice was taken by the Odin.fun team. Can Odin.fun rebuild trust? For Odin.fun, the road to recovery will hinge on more than just restoring service. In the memecoin sector, a volatile corner of the crypto market often fuelled by speculative mania, reputation and user confidence are among the most valuable assets. Platforms like Odin, modelled after Solana’s Pump.fun and Tron’s SunPump, rely heavily on community participation, rapid token launches and fluid liquidity provision. Security failures in this environment can be devastating. A similar breach earlier this year at Four.Meme, another meme-token launchpad, wiped out millions in user funds and caused lasting damage to its brand. Odin’s management has not provided a timeline for resuming withdrawals or trading.In the meantime, its user base is left in limbo, some hoping the incident was contained to a handful of accounts, others bracing for major losses. The smartest crypto minds already read our newsletter. Want in? Join them .
12 Aug 2025, 23:00
CEO Says He’ll Fulfill $1 Billion Bitcoin Buy Dream In One Bid
A Nasdaq-listed holding company preparing to pile into Bitcoin set off a social-media countdown this week, teasing a large purchase that has drawn wide attention across crypto circles. The company’s CEO posted that he planned to “smash buy $1 billion of bitcoin in a single bid,” then later clarified the real figure is closer to $760 million. The teaser follows a recent merger and a financing round that the company says includes up to $710 million in capital commitments. Countdown Sparks Speculation According to David Bailey, CEO of Bitcoin-native holding company Nakamoto , the countdown ran for more than 14 days and was extended by one day before the flagged execution window. Based on reports, the public messaging mixed bravado with strategy: a headline figure of $1 billion was used first, then adjusted to about $760 million as filings and timing were clarified. That gap — roughly $240 million — has become a focal point for investors and commentators trying to parse whether the stunt is mostly marketing or a firm trading plan. Ever since getting into Bitcoin I’ve always had this dream of smash buying $1b of bitcoin in a single bid. Tomorrow that dream comes true. Gotta start dreaming bigger — David Bailey $1.0mm/btc is the floor (@DavidFBailey) August 11, 2025 The Financing & The Merger Reports have disclosed that the company reached its current public form after a merger with a Nasdaq-listed firm, and that the combined business announced up to $710 million in commitments to back its Bitcoin accumulation plan. The deal also enabled the group to access public markets and list under a new ticker, positioning itself beside other public companies that hold large amounts of BTC on their balance sheets. Execution Questions Loom Public statements so far do not explain how a purchase near $760 million would be executed, or whether the company will use an over-the-counter desk, a block trade, or a public exchange order. That detail matters. A single large market order placed on an exchange could move prices and create heavy slippage, while off-exchange methods are typically used to limit market impact. Observers will be looking for any disclosures about trading partners, custody arrangements, or firm funding sources. Comparison & Context The CEO has publicly praised well-known corporate Bitcoin buyers as role models, and he explicitly cited leading figures in the space as influences on the company’s strategy. The combination of a public countdown and large stated sums has made the firm’s planned accumulation a talking point among investors and on industry message boards. Whether the move is primarily about building a treasury or about raising visibility for a newly public company remains unclear. Featured image from Flickr, chart from TradingView
12 Aug 2025, 23:00
Bitcoin At Risk Of Pullback As Binance Miner Distributions Spike, Analyst Says
As Bitcoin (BTC) continues to hover just below the $120,000 level, miners have increased transfers to Binance crypto exchange. According to analysts, elevated BTC transfers to Binance could signal an upcoming price correction for the top cryptocurrency. Bitcoin Price Correction Upcoming? According to a CryptoQuant Quicktake post by contributor Arab Chain, there was a significant spike in BTC transfers from miners to Binance crypto exchange in late July – shown in the form of double tops in the following chart. These spikes were followed by several days of above-average flows to the exchange. Early August saw another surge, with transfers ranging from several thousand BTC to more than 10,000 BTC at their peak. Related Reading: Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow Signals Price Correction This activity suggests that miners are continuing to distribute BTC to the exchange. The selling comes as the asset’s price remains close to its all-time high (ATH) of nearly $120,000. Arab Chain noted that compared to the April–June period, the current miner activity resembles “stockpiling or hedging behavior” rather than typical low-noise patterns. The analyst shared several behavioral indicators to support this view. For instance, sustained high inflows during elevated price levels suggest that miners are taking advantage of the rally to secure liquidity, cover operational costs, or manage post-halving treasury needs. However, such large inflows are often linked to short-term resistance. The market must have sufficient buying liquidity to absorb this supply and prevent it from triggering a sharp price decline. The high frequency of peaks over the past two weeks also indicates that this is not a one-off occurrence. Instead, it marks a phase of heightened activity among Binance miners, which increases Bitcoin’s price sensitivity to any drop in demand. According to Arab Chain, if daily flows remain above the recent weekly average – roughly 5,000 to 7,000 BTC per day – it would point to ongoing supply pressure. Conversely, a rapid drop back to lower levels would suggest that the distribution wave was temporary and has already been absorbed. BTC May Be Preparing For A New ATH Despite consolidating just under $120,000, recent on-chain data shows few signs of the Bitcoin market overheating. In addition, the average executed order size in the Bitcoin futures market has been steadily declining, indicating greater retail participation in the rally. Related Reading: Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117,700 That said, a significant portion of short-term BTC holders have moved into profit, which could set the stage for a sell-off. At press time, BTC trades at $118,970, down 0.6% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
12 Aug 2025, 23:00
Experts Tip the Best Crypto Coin to Buy: Cold Wallet Outpaces Near Protocol and Bitterson with 100x ROI Potential
Price changes alone do not explain everything; often, the structure behind a project offers deeper insight. Near Protocol’s recent rise has been linked to institutional backing and progress within its ecosystem. Bitterson is attracting interest through longer-term adoption forecasts. However, Cold Wallet takes a different path by linking its token use directly to user rewards. Its cashback system and tiered benefits provide a utility-first framework that analysts believe could allow 100x growth. With a clear purpose and increasing interest, Cold Wallet is seen by many as the best crypto coin to buy now. Analysts See 100x Upside for Cold Wallet Post-Launch Cold Wallet is gaining recognition among analysts, with several pointing to a realistic 100x gain for its utility token, CWT, after launch. Currently in Stage 17 of its presale, CWT trades at $0.00998. With $5.9 million raised and a confirmed launch value of $0.3517, early participants are tracking significant returns. What sets Cold Wallet apart from typical presale offerings is its link between token usage and real-world rewards. Each time a user pays gas fees, swaps assets, or transfers funds on or off chain, they receive cashback in CWT. This approach builds organic demand while keeping users active over time. The integration of Plus Wallet’s 2 million users also sets the stage for wide adoption. These users gain a wallet that offers rewards instead of costs. A confirmed CoinMarketCap listing adds both trust and visibility, aiding post-launch traction. CWT’s tiered cashback design further encourages holding. The more CWT in a wallet, the higher the rewards, without staking or lock-in. At the top tier, gas fees are fully refunded in tokens. This cycle of growing usage and increasing token flow benefits holders directly. Taking the current price point, clear utility, and expanding user reach into account, many analysts now identify Cold Wallet as the best crypto coin to buy at this stage. As each presale round raises the price, the opportunity window becomes narrower. Strong Institutional Activity Pushes Near Protocol Higher Near Protocol climbed 4.2%, moving from $2.43 to $2.53 in 24 hours, supported by deeper institutional interest and stronger ecosystem activity. Analysts point to the trading volume as proof this was more than a brief move, suggesting strategic positioning from larger market players. At the same time, growth in the ecosystem added momentum. Aurora Labs advanced its incubator program, introducing new projects, while Subzero Labs secured $20 million in funding. Both developments underline ongoing support for Near’s long-term progress. This upward move is seen as more than a technical bounce. It reflects confidence in Near’s core structure. With rising on-chain activity and developer involvement, analysts believe the momentum could last, backed by practical use and continued institutional backing. This mix strengthens Near Protocol’s position as a network with growing importance and room for further growth. Bitterson TAO Outlook Points to Strong Multi-Year Growth Bitterson TAO price prediction is gaining positive attention, with several forecasts showing potential for significant growth. One projection places the 2025 average at $625.96, with a possible high near $1,108.53. Other estimates suggest a range between $312 and $697, showing a clear upside from current prices. These targets are supported by rising demand, expanding use, and steady network growth. Longer-term projections are even more optimistic. Some models indicate TAO could reach between $2,491 and $2,698 by 2031, driven by expectations of broader adoption and ongoing technical progress. Analysts see this as a sign of confidence in the protocol’s lasting relevance and utility. While no projection is certain, the agreement among different forecasts builds a stronger case for continued attention. For those following Bitterson TAO price prediction, these figures offer a data-supported view of its potential in both the medium and long term. Last Say Near Protocol is benefiting from active development, and Bitterson is gaining interest through long-term projections. Cold Wallet, however, is being noticed for a more practical reason. Its design rewards direct usage rather than relying only on holding or speculation. The cashback system is tied to everyday crypto actions, such as transactions and swaps, and uses a tiered format that increases rewards with more activity. This allows value to go back to the user instead of being lost in fees. Analysts see this as a deeper structural advantage, not just a short-term price move. For those looking for both usability and growth potential, Cold Wallet is increasingly viewed as the best crypto coin to buy now . Explore Cold Wallet Now: Presale: https://purchase.coldwallet.com/ Website: https://coldwallet.com/ X: https://x.com/coldwalletapp Telegram: https://t.me/ColdWalletAppOfficial The post Experts Tip the Best Crypto Coin to Buy: Cold Wallet Outpaces Near Protocol and Bitterson with 100x ROI Potential appeared first on TheCoinrise.com .
12 Aug 2025, 23:00
Stablecoins hit $270B market cap as USDC overtakes USDT on Ethereum
USDT still leads globally, but the battle for network-specific dominance is just getting started.
12 Aug 2025, 23:00
Bitcoin Momentum is Dying: Here Are 3 Altcoins That Might Explode Soon
Bitcoin’s brief climb to above $122,000 has sparked excitement across the crypto market. Yet, some analysts believe that after another surge to new highs, BTC could slow down and give way to a powerful altcoin season. This is when capital often rotates from Bitcoin into other projects, delivering rapid gains. Among the names gaining early traction is MAGACOIN FINANCE – a security-audited and community-verified project attracting global attention from investors who want to position before the broader market shift. Ethereum, Cardano, and Litecoin are shaping up as strong contenders to lead the rally once Bitcoin’s dominance eases. Each has posted key developments that could fuel a breakout when altcoin season arrives. Ethereum (ETH) – Poised for Another Breakout Ethereum remains the foundation for decentralized finance, NFTs, and Web3 growth. Recent upgrades have improved speed and reduced costs, while Layer-2 solutions are expanding network capacity. The recent approval of spot Ethereum ETFs in the U.S. has opened new institutional inflows, similar to Bitcoin’s ETF-driven rally earlier this year. With ETH breaking past $4,100 and holding strong, technical analysts are eyeing a possible climb toward $7,000. Cardano (ADA) – Strength in Steady Growth Cardano’s slow but steady development approach is paying off. Network upgrades have boosted smart contract capabilities and scalability, while partnerships with real-world projects are enhancing adoption. ADA’s stability during BTC pullbacks has many traders betting it could be a top altcoin performer in the coming cycle. The Surprise of 2025 MAGACOIN FINANCE has emerged as one of the most talked-about early-stage opportunities in 2025. With a security audit completed and a community verification process recognized worldwide , the project is building credibility at a time when trust is a major factor for investors. Its momentum is drawing comparisons to the early days of breakout tokens that delivered life-changing returns. With limited early access and growing demand, many analysts believe MAGACOIN FINANCE could be among the biggest winners once the next altcoin wave begins. Litecoin (LTC) – A Veteran With Renewed Potential Litecoin, known as “digital silver,” continues to maintain relevance thanks to its speed, low fees, and strong liquidity across exchanges. New privacy features have added a fresh layer of utility, and historically, LTC has enjoyed strong rallies during altcoin seasons. Traders are now watching for a repeat performance. Altcoin Season Could Arrive Sooner Than Expected If Bitcoin pushes to fresh highs before cooling off, capital could quickly shift into altcoins. With Ethereum, Cardano, Litecoin, and emerging players like MAGACOIN FINANCE all showing strong potential, the next few months could be explosive for well-positioned investors. 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: Bitcoin Momentum is Dying: Here Are 3 Altcoins That Might Explode Soon
