Cryptocurrency

Austria’s Financial Market Authority fined crypto broker Bitpanda $81,000, marking the first published administrative penalty under the EU’s MiCA regulation.

Tether, the world’s largest stablecoin issuer, announced it has completed its first comprehensive financial audit by KPMG, receiving an unqualified opinion. The milestone marks a key step in compliance for the long-questioned USDT issuer, but also sparks new debate about audit transparency and industry regulation standards.

Norway’s sovereign wealth fund has reached an all-time high in indirect Bitcoin exposure, with Strategy accounting for 86% of its crypto holdings. The fund also disclosed an $88 million stake in Ethereum treasury firm Bitmine, marking a new phase in traditional financial institutions’ allocation to crypto assets.

The Blockchain Association supports Custodia Bank’s Supreme Court appeal over Fed master account access, saying the case is about ensuring ’lawful digital asset businesses can compete on equal footing.'

Coinbase, Block, BitGo and dozens of other crypto firms signed a letter arguing that safety guardrails on frontier AI models are blocking legitimate security work while adversaries face no such limits.

Core Summary Cryptocurrency Ravencoin is considering rolling back four days of transactions after discovering a critical block validation flaw. The extreme measure highlights blockchain network vulnerability to underlying protocol issues. Event Overview According to CoinDesk, the Ravencoin network discovered a critical flaw affecting block validation. To prevent potential fund losses from exploitation, the development team proposed rolling back the blockchain to a state before the flaw was discovered, effectively reverting all transactions from the past four days. ...

Core Summary Cryptocurrency exchange Coinsbuy suffered a coordinated two-blockchain attack, losing approximately $8 million in assets. Security researchers say the attackers simultaneously targeted two different blockchains, demonstrating highly sophisticated attack techniques. Event Details According to CoinDesk, Coinsbuy exchange confirmed a security incident on August 10, with attackers exploiting smart contract vulnerabilities to launch simultaneous attacks on two different blockchains. Preliminary investigations show losses of approximately $8 million. Security teams are tracking fund flows and working with blockchain analytics firms to attempt to freeze stolen assets. Coinsbuy has suspended deposit and withdrawal services on the affected blockchains and stated it will fully compensate affected users. ...

Core Summary North Korea’s notorious hacking group Kimsuky has integrated artificial intelligence technology into its cyberattack toolkit, primarily targeting cryptocurrency exchanges and financial institutions, according to security researchers. This marks a significant escalation as state-sponsored hacking organizations begin leveraging AI to enhance attack efficiency. Event Details According to The Block, Kimsuky has traditionally been known for spear phishing and social engineering attacks, primarily targeting cryptocurrency-related intelligence and funds. Latest research shows the group now deploys AI-driven automated attack tools capable of more precisely identifying targets, generating phishing content, and evading detection. ...

According to CoinDesk, Bitcoin has topped the $65,000 mark. Key US inflation data will be released this week, with markets closely watching its impact on cryptocurrency trends.

Bitcoin spot ETFs recorded a massive $853 million single-day net inflow, with BlackRock’s iShares Bitcoin Trust (IBIT) capturing the lion’s share. This strong performance reflects sustained institutional confidence in Bitcoin and marks further integration of crypto assets into the traditional financial system.