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Cardano News Leios
Crypto Trends

Cardano Hits Major Scaling Milestone: Leios CIP Goes Public

by admin August 29, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Cardano has taken a decisive step toward its long-planned throughput upgrade: a public Cardano Improvement Proposal (CIP) for “Ouroboros Leios” is now live for community review in the Cardano Foundation’s CIP repository. Announcing the submission on August 27, Input Output’s director of software architecture Nicolas “BeRewt” Biri wrote: “So, here it is, we now have a public and submitted CIP for Leios. More than ever, it’s now time for feedback… it may be too early to celebrate… but it’s a huge milestone.”

Cardano’s Leios CIP Goes Public

The pull request, titled “CIP-???? | Ouroboros Leios – Greater Transaction Throughput,” is open as PR #1078 with the “Category: Consensus” label and an initial “State: Triage,” indicating it has entered the formal editorial pipeline but has not yet been assigned a permanent number. The submission tracks multiple commits refining the draft and links to discussion and implementation materials, including a dedicated Leios R&D site and discussion forum.

Notably, the PR lists Intersect as an implementor, underscoring the coordination between research, engineering, and standards processes that Cardano uses to advance core protocol changes. In an on-thread note, a CIP editor remarked that the document “looks practically ready for merge,” adding that editors would likely introduce it and “assign a CIP number at the next CIP meeting,” while still putting it through the usual review steps.

Leios is positioned as the next significant redesign of Cardano’s Ouroboros consensus, targeting materially higher throughput while preserving the security guarantees that define the protocol lineage. Prior briefings describe a concurrent structure built around specialized block types—“input,” “endorsement,” and “ranking”—to parallelize work across the network without collapsing the separation of concerns in Ouroboros Praos.

That architectural choice is meant to unlock capacity while maintaining decentralization and censorship resistance. The underlying research, first articulated in IOG’s “Ouroboros Leios: design goals and concepts,” frames the objective as “substantially” increasing data and CPU throughput by re-architecting the algorithmic dependencies that bottleneck prior variants, while also exploring features such as tiered fee service levels and faster sync paths. The paper is explicit about trade-offs—including increased resource use and potentially higher transaction latency—which are analyzed within the security model.

Biri’s announcement contextualized what reviewers should expect. He said the team is “going through the description of the proposal and explains the design choices and tradeoffs,” and summarized coverage areas as the “detailed description of the proposed variant of Leios,” “implementation material (formal specification, mini protocols description),” “tradeoffs and problem space,” “potential (positive) impact on script budget,” and “resistance to attacks.” He also disclosed that the internal “secret roadmap” had targeted a pull request by the end of August, and that the draft integrated feedback around failed transactions while aiming for a “more minimal impact on dApps.

The submission also triggered the now-familiar throughput vs. decentralization debate. When a community member asked what, exactly, warranted celebration, Biri answered: “That we have a solid and safe design for high throughput on Cardano.” And when prodded on whether Cardano should “compromise” in the way some faster chains do, he pushed back: “That’s why we didn’t follow that road… What we have is the best tradeoff without sacrifice.”

Responding to a speed comparison with Solana, he added: “It ain’t and can’t be, because of the different security and model. If we want to compete speed wise with the fastest chains, we need to agree on giving up some decentralisation, cost, or reliability dimensions.” The point, echoed in the Leios research, is that Cardano’s scaling agenda is bounded by explicit security-decentralization constraints the community has repeatedly prioritized.

At press time, ADA traded at $0.817.

ADA remains above the red zone, 1-week chart | Source: ADAUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Crypto Trends

South Korea Busts Hacking Syndicate After Multi-Million Dollar Crypto Losses

by admin August 29, 2025



In brief

  • A hacking syndicate allegedly stole $28.1 million (₩39 billion) from financial and crypto accounts of 258 wealthy Koreans, including celebrities and top business executives.
  • The largest single crypto theft reached $15.4 million (₩21.3 billion), though authorities haven’t specified what portion of the total losses was in crypto.
  • The case exposes systematic vulnerabilities in Korea’s digital infrastructure as international criminal organizations increasingly target the country’s elite, Decrypt was told.

Seoul police have dismantled an international hacking ring that systematically targeted South Korea’s wealthiest individuals, including BTS member Jungkook and top business executives, after the group stole $28.1 million (₩39 billion) from victims’ financial and crypto accounts.

The Seoul Metropolitan Police Agency’s Cyber Investigation Unit announced the arrest of 16 suspects Thursday, including two Chinese ringleaders who allegedly orchestrated the scheme from bases in China and Thailand between July 2023 and April 2024, according to Korea Joongang Daily.



“This incident highlights a critical reality: international criminal organizations are systematically targeting Korean entities, and most domestic institutions lack adequate defenses against their advanced hacking capabilities,” Rich O., regional manager APAC at hardware wallet manufacturer OneKey, told Decrypt.

According to the police, the criminal organization breached government and financial institution websites to steal personal data from wealthy targets, then used this information to create over 100 fraudulent phone accounts that bypassed security systems and enabled unauthorized access to victims’ bank and crypto wallets.

While they harvested data from 258 high-profile individuals, including 28 crypto investors, 75 business executives, 12 celebrities, and 6 athletes, actual theft attempts were allegedly made against only 26 people, whose combined account balances totaled $39.8 billion (₩55.22 trillion).

Among them, the hackers reportedly stole from 16 victims, with the largest single crypto theft reaching $15.4 million (₩21.3 billion).

Financial institutions blocked an additional $18 million (₩25 billion) in attempted thefts targeting 10 other victims, thereby preventing further losses.

Crypto holders “prime targets”

Crypto holders have become “prime targets”, but remain just one segment of the wealthy individuals hackers pursue, O. said.

He said the case marks “a new level of hacking threat” because of the “systematic hacking of government and financial institutions to profile wealthy individuals.”

In Jungkook’s case, attackers allegedly attempted to drain $6.1 million (₩8.4 billion) in Hybe entertainment stock holdings in January following his military enlistment.

However, banking systems flagged the unusual activity, and his management company intervened, blocking the unauthorized transfers.

Authorities successfully froze and returned $9.2 million (₩12.8 billion) to victims through quick response measures.

The two alleged ringleaders were arrested in Bangkok with Interpol’s help. One of the accused has been extradited to Korea to face 11 charges, including network and economic crimes.

“This incident of bypassing the non-face-to-face authentication system is ‘unprecedented,’ and the vast sums accessed ‘could have easily led to an even bigger crime,’” Oh Gyu-sik, head of the Seoul Metropolitan Police Agency’s 2nd Cyber Investigation Unit, said.

“Given the repeated breaches of Korean government agencies and telecom carriers, a multi-layered defense strategy is essential,” O. said.

He called for “stricter identity verification” for telecom services and “robust international law enforcement coordination” to combat cross-border cybercrime operations since “this involved Chinese criminal organizations.”

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Tether, Binance, Chainalysis aid $47m pig butchering crackdown in APAC
Crypto Trends

Tether, Binance, Chainalysis aid $47m pig butchering crackdown in APAC

by admin August 29, 2025



Following a joint investigation with Chainalysis, OKX, Tether, and Binance, law enforcement in the Asia-Pacific region froze millions of dollars linked to pig butchering scams.

Summary

  • Authorities in the Asia-Pacific region froze nearly $47 million in USDT linked to pig butchering scams after an investigation involving Chainalysis, Tether, Binance, and OKX.
  • Pig butchering crypto scams have intensified over the years, costing victims billions worldwide.

Authorities froze almost $47 million in USDT after investigators traced victim deposits to crypto scam wallets operating out of Southeast Asia. Per the official report, investigators used Chainalysis’ blockchain tracing tools to follow funds from victims across dozens of addresses, uncovering transfers made between November 2022 and July 2023 to pig butchering wallets controlled by scammers.

In some cases, victims made multiple transfers within a single month, while others continued sending funds for as long as seven months into the same fraudulent addresses.

The stolen funds, amounting to about $46.9 million, in USDT (USDT) were initially consolidated in a single wallet, before being spread across five wallets. To maintain credibility with victims, scammers sent back small amounts, about $63,900 in one instance, to make the fake investments appear real. 

Once the scam network was mapped, Chainalysis shared intelligence with exchanges and regional authorities. Acting on this, stablecoin issuer Tether froze the funds in June 2024, with Binance and OKX helping confirm links between the wallets and scam activity.

We’re honoured to have worked with @okx, @Binance & @Tether_to alongside APAC law enforcement to investigate and freeze $50M in USDT tied to pig butchering scams.

🤝 Powerful example of how industry collaboration can combat sophisticated financial crime networks. Read more:…

— Chainalysis (@chainalysis) August 28, 2025

This action follows a similar U.S. case in late 2023, when Tether and OKX assisted the Department of Justice in freezing $225 million in USDT linked to human trafficking and romance scams. The seizure became one of the largest crypto cases in the agency’s history, with the funds eventually recovered a few months ago to provide restitution for victims.

What are pig butchering scams?

Pig butchering, sometimes called “romance” or “investment” scams, involves criminals building long-term relationships with victims, often through dating apps or random text messages. Once trust is gained, victims are persuaded to invest in fake opportunities, including fraudulent crypto schemes, before the scammers cut off all contact.

The illicit funds are usually laundered through various channels before being cashed out. The name “pig butchering” comes from the way fraudsters “fatten up” victims with trust before “slaughtering” them financially. 

Initially targeting Asian victims, these schemes now reach victims worldwide, with losses running into billions annually. In 2024, pig butchering scams wiped out $3.6 billion from the crypto industry, making them one of the biggest threats to the industry. 

Need for strong security measures to combat crypto scams

Beyond pig butchering scams, the crypto industry faces a wider range of threats from malicious actors. So far this year, losses from various scams and hacks have exceeded $3.1 billion. Despite the recoveries and crackdowns on these networks, the consistent trend of attacks, particularly as malicious actors adapt their tactics, highlights the need for stronger defenses. 

Educating users and strengthening industry-wide security practices are crucial to reducing exposure, and continued collaboration between industry members and law enforcement is essential to create a powerful front and ensure a safer crypto ecosystem.





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IREN Post First Full-Year Profit, Shares Rise
Crypto Trends

IREN Post First Full-Year Profit, Shares Rise

by admin August 29, 2025



Bitcoin BTC$109,698.58 miner IREN (IREN) posted its first full-year profit as the company founded in 2018 expanded into AI cloud computing and ramped up production capacity with more efficient rigs. The stock climbed in pre-market trading.

Net income in the year ended June 30 rose to $86.9 million from a loss of $28.9 million the year before, IREN said on its website on Thursday. Revenue more than doubled to a record $501 million as the Sydney-based company increased production capacity to 50 exahashes per second (EH/s). Adjusted earnings before interest, tax, depreciation and amortization (Ebitda) surged to $269.7 million, nearly five times last year’s level,

With nearly 3 gigawatts of contracted power and expansion in both bitcoin mining and AI infrastructure, IREN has positioned itself as one of the sector’s fastest-growing participants. Market cap, currently $5.3 million, is on the verge of overtaking its largest rival, MARA Holdings (MARA), which is valued at under $6 billion, Farside Investors data shows.

The Nasdaq-traded stock rose 13% before the market opening, adding to the year’s existing gain of more than 120%.

Mining operations generated more than $1 billion in annualized revenue, while the AI cloud unit is on track for as much as $250 million in annualized revenue by December, the company said. It has 10,900 NVIDIA GPUs already deployed and capacity for more than 60,000 GPUs across existing sites.



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Cloud Mining vs Staking 2025
Crypto Trends

Cloud Mining vs Staking 2025

by admin August 29, 2025



Cloud mining vs staking: Key differences

In 2025, cloud mining and crypto staking are often mentioned in the same sentence when talking about passive crypto income, yet they represent two very different paths to earning.

Cloud mining involves renting remote Bitcoin mining hardware, while staking means locking tokens to validate proof‑of‑stake networks. On trusted platforms like ECOS or MiningToken, cloud mining ROI in 2025 averages 5%-10% APR, though riskier schemes (especially XRP‑linked) still dangle unrealistic promises of 100%-800% APR. 

Staking is steadier: Ethereum staking yields about 3% APY, Solana averages 6%-8 %, and liquid staking protocols like Marinade reach 10%-12 %. 

This explainer breaks down cloud mining vs staking in 2025, comparing crypto income strategies, real‑world profitability, and where investors might find the best balance of returns and risk.

How cloud mining works in 2025

Cloud mining lets users tap into Bitcoin or Ethereum mining without owning or operating ASICs. 

Instead, you buy contracts from data centers, effectively renting hash power that mines on your behalf. In return, you receive daily rewards (minus service and maintenance fees) based on how much BTC or ETH your allocation produces.

In 2025, platforms like MiningToken, ECOS, NiceHash and IQ Mining dominate the market: 

  • MiningToken emphasizes Swiss compliance, AI‑driven hash allocation and renewable energy sourcing, offering flexible contracts as short as one day. 
  • ECOS, operating in Armenia’s Free Economic Zone, combines mining with wallets, ROI calculators and payouts from entry‑level contracts starting at $50. 
  • NiceHash functions as an open hash‑power marketplace, letting users buy or sell computing capacity with dynamic pricing, but charges about 3% in fees.

Typical Bitcoin cloud‑mining contracts yield 5%-10% APR. But the sector is also littered with speculative schemes; XRP‑funded offerings tout 100%-800% APR, often resembling Ponzi setups. 

While next‑gen ASIC efficiency and renewable‑powered farms improve margins and sustainability, centralization risks and environmental impact remain persistent concerns, an important factor in any staking vs mining comparison.

Did you know? Many Bitcoin mining farms in Iceland rely on natural Arctic air cooling, significantly reducing the need for expensive air-conditioning and lowering operational costs.

How crypto staking works in 2025

In 2025, proof‑of‑stake (PoS) has become one of the most popular crypto income strategies for investors seeking passive crypto income. 

Staking allows tokenholders to “lock” their crypto to support a network’s security and earn rewards in return. Some users run their own validator nodes, but most simply delegate tokens to established validators and collect staking rewards, minus a modest commission fee.

Traditionally, staked tokens are locked for days or weeks, but liquid staking platforms like Lido and Marinade now issue derivative tokens (e.g., stETH, mSOL). These let users keep liquidity while still earning yield. 

​​

As of July 29, 2025,  crypto staking profitability varies: Ethereum staking offers around 3% APY, Solana sits at 6%-7%, and Cardano delegators typically see 4%-6%. Cosmos validators can hit up to 18% (around 6% net via exchanges), while NEAR delivers 9%-11%.

Compared with the sometimes‑volatile cloud mining earnings in 2025, staking payouts are steadier. Risks remain (validator downtime, “slashing” penalties and token price drops), but the industry has matured. 

For institutions, modern staking‑as‑a‑service providers now offer regulated infrastructure with custody, audits and insurance, making PoS a credible option for those weighing staking vs mining comparison scenarios.

Did you know? Smaller PoS networks like Injective, SEI and SUI offer double-digit staking yields, though with higher volatility and lower liquidity than major chains.

Profit comparison matrix: Cloud mining vs staking in 2025

Cloud mining offers stable 5%–10% APR with low entry, but platform risks and limited liquidity. XRP cloud mining is high-risk, with unsustainable promises of 100%–800% APR. Staking yields 3%–11% APY depending on the network, with moderate risks. Liquid staking improves flexibility with minor yield trade-offs.

Passive crypto income in 2025: Investor profiles

When weighing cloud mining vs staking in 2025, the right choice depends on what kind of investor you are.

Beginner and low‑tech users

Newcomers looking for passive crypto income in 2025 with minimal setup often gravitate toward cloud mining. Platforms like MiningToken or ECOS handle everything (no hardware, no node management) and deliver cloud mining earnings 2025 of about 5%-10% APR. 

Still, caution is key: XRP‑linked contracts advertising 100%-800% APR are notorious for scam potential. Staking through exchanges or liquid staking services offers another simple entry point, with Ethereum staking yielding around 3% and Solana around 7%.

High‑risk, high‑yield seekers

Aggressive investors may chase speculative XRP cloud‑mining returns, but most lack transparency. Safer, higher‑yield alternatives exist in staking: Delegating to Cosmos, Polkadot, or NEAR validators can bring 15%-20% for those willing to manage more complex setups.

Institutional and compliance‑focused investors

Cloud mining struggles with standardized audits and custody frameworks. Proof‑of‑stake vs mining comparisons show staking has pulled ahead here. Vendors now offer KYT/KYB checks, insured custody and regulator‑friendly reporting.

Sustainability‑oriented investors

Cloud mining depends on energy‑intensive Bitcoin mining, while staking’s proof-of-stake model is vastly more eco‑friendly, a clear choice for ESG‑minded crypto investing.

Staking vs mining comparison, additional considerations

What else should you weigh before choosing staking or cloud mining?

Tax implications

Rewards from both staking and crypto mining are taxed as ordinary income when received, and later sales may trigger capital gains. In the UK, HMRC increasingly cross‑checks exchange and cloud mining ROI data to identify under‑reporting, meaning mistakes can lead to penalties.

Market volatility

All payouts are in crypto. A market swing, especially in speculative XRP‑mining setups, can wipe out fiat gains overnight.

Liquidity

Cloud mining often pays daily but locks principal until contracts mature. Staking can involve unbonding delays, though liquid staking tokens provide faster exits with slightly reduced yields.

Did you know? On Cosmos-based chains, delegators can redelegate without undergoing unbonding periods, allowing validator switching without interrupting staking rewards (reducing downtime risk).

Platform reliability

Look for transparent, audited providers with clear SLAs and uptime data. Staking platforms are increasingly publishing these metrics, while reliable cloud mining operations remain rare.

Ultimately, deciding between staking Ethereum vs mining Bitcoin — or any staking vs mining comparison — comes down to your goals. Risk tolerance, sustainability priorities and trust in providers will shape how you choose to earn crypto in 2025.



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Canadian Firm Luxxfolio Plans $100M Boost For Litecoin Treasury
Crypto Trends

Canadian Firm Luxxfolio Plans $100M Boost for Litecoin Treasury

by admin August 29, 2025



Canadian crypto firm Luxxfolio Holdings Inc. plans to raise up to CAD$100 million (approximately US$73 million) through a shelf prospectus to expand its Litecoin-focused treasury strategy. The filing allows the company to issue shares, debt, or other securities over the next 25 months.

Building infrastructure around Litecoin

Luxxfolio shifted its treasury from Bitcoin to Litecoin earlier this year, calling the cryptocurrency “hard currency.” CEO Tomek Antoniak stated that the funds would help expand the company’s infrastructure and support merchant payments, stablecoins, and crypto wallets. The company has been steadily acquiring Litecoin, aiming to hold 1 million LTC by 2026.

Luxxfolio is struggling financially. In Q2 2025, it lost $197,000, up from just $8,000 in the same quarter last year, as per their report. Luxxfolio ended the quarter with just $112,000 in cash and relied on a private placement of $844,000 to stay operational. Since 2017, the company has recorded nearly $19 million in losses.

Industry experts caution that simply holding Litecoin is not enough. Mehow Pospieszalski, CEO of American Fortress, said institutions look for adoption, compliance, and usable infrastructure, not just price gains.

MEI Pharma makes a major move into Litecoin

Meanwhile, U.S.-listed pharmaceutical firm MEI Pharma (NASDAQ: MEIP) has acquired $100 million worth of Litecoin, making it the first American company to adopt LTC as its main treasury asset. 

Between July 30 and August 4, MEI bought 929,548 LTC at an average price of $107.58. With Litecoin now trading around $124, the holdings are worth roughly $115 million.

The acquisition was structured as a private investment in public equity (PIPE) deal led by crypto capital markets firm GSR, which will also act as MEI’s digital asset treasury manager and strategic advisor. MEI plans to sell 29.2 million shares at $3.42 each, closing around July 22, 2025. 

Alongside Luxxfolio, MEI’s move highlights a rising trend: companies are increasingly holding altcoins like Litecoin in their treasuries, a strategy that could pique institutional interest when these cryptocurrencies prove useful in the real world.

Also Read: DeFi Dev Corp Expands Solana Treasury With $77M Purchase



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11.7 Million XRP Locked as Key Metric Declines
Crypto Trends

11.7 Million XRP Locked as Key Metric Declines

by admin August 29, 2025


  • XRPL AMM hits bare lows
  • XRPL TVL stable

Amid the mixed price actions witnessed across the broad crypto market, XRP has not only stalled in price, its DeFi growth appears to be declining. 

According to data from XRPSCAN, the amount of XRP locked across all XRPL automated market maker (AMM) pools has reduced to 11,729,984 XRP as of August 28.

The data shows that the XRPL AMM liquidity has declined to levels last reached in November 2024 as the third-largest cryptocurrency by market capitalization continues to experience volatile price movements.

XRPL AMM hits bare lows

With 11,729,984.20 XRP currently pooled in AMM contracts of the XRP ledger, it appears that weakening investor confidence has spurred a retracement in locked liquidity for XRP despite earlier growth this year. The metric had surged to over 14 million about four months ago.

Following the decline in its DeFi activities, the total XRP trading pairs registered on the ledger as of writing stand at 19,953. With the decline in XRPL locked liquidity nearly reaching a one-year low, only a few pools have been added to existing ones, with the total active pools reaching 22,053 on August 28.

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Notably, the downturn in the amount of XRP locked on the AMM pools suggests fading enthusiasm across the XRP community as on-chain metrics suggest momentum is fading. Thus, the negative trend suggests that some liquidity providers on XRPL are increasingly withdrawing capital amid shifting sentiments caused by prolonged market uncertainty.

This contraction in AMM liquidity coincides with mixed price action for XRP, which has struggled to sustain upward momentum in recent sessions. The token has struggled to maintain the $3 support level amid recurring price corrections.

XRPL TVL stable

Despite the decline in locked liquidity on the ledger, data from DefiLlama shows that the total value locked (TVL) across XRPL stands at $99.47 million on August 28, showing zero increase or decline in the last 24 hours.

Source: DefiLlama

While this suggests dormant DeFi activities as XRP liquidity providers are increasingly taking caution, the data further shows that the XRPL DEX remains the dominant protocol, with nearly $80 million TVL, though it has seen a 1.65% weekly decline.

However, it is important to note that stablecoin liquidity on XRPL has surged slightly higher, with the stablecoin market cap increasing 2.20% over the past week to $168.08 million.



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ethereum
Crypto Trends

VanEck CEO Calls Ethereum ‘The Wall Street Token’ As Institutional Adoption Rises

by admin August 29, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Investment management firm VanEck’s CEO, Jan van Eck, said on Fox Business yesterday that Ethereum (ETH) is very much “the Wall Street token.” His comments come as ETH hovers near a potential new all-time high (ATH), drawing renewed attention from both retail and institutional investors.

Ethereum Essential For Stablecoin Transfers

In a recent interview with Fox Business, VanEck CEO shared thoughts on ETH’s current momentum – both in terms of price and adoption. The executive said that banks must adopt the smart contract network to facilitate stablecoin transactions.

For the uninitiated, stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to a reserve asset like the US dollar. They combine the speed of crypto with the stability of traditional currencies, making them widely used for payments, trading, and remittances.

Until recently, banks were cautious about stablecoins due to regulatory uncertainty and their association with the broader, volatile crypto market. However, following the passage of the GENIUS Act, attitudes have begun to shift. 

Regulators are now offering a clearer framework for digital asset operations, and commercial institutions are increasingly open to adopting stablecoins as part of their financial infrastructure.

Speaking on Fox Business, Jan van Eck said it is essential for banks and commercial institutions to adopt a blockchain to enable stablecoin movements. Among the several potential candidates, the VanEck CEO thinks Ethereum holds a competitive advantage. He added:

So the winner is, who’s going to be building on these blockchains? It’s going to be Ethereum or something that uses Ethereum kind of methodology, which is called EVM.

This is not the first time VanEck has highlighted Ethereum’s role in the evolving digital economy. In a recent report, the firm suggested that Ethereum could one day surpass Bitcoin (BTC) as the preferred store of value, citing ETH’s declining issuance rate and expanding network utility as key drivers.

Stablecoin adoption has accelerated since Donald Trump’s victory in the November 2024 US presidential election. The state of Wyoming recently launched its own stablecoin, FRNT, marking the first such initiative by a US state government.

Meanwhile, Treasury Secretary Scott Bessent projected that the stablecoin market could grow to as much as $3.7 trillion by 2030. Investment banks are also weighing in as Citigroup recently estimated the market could expand sevenfold within five years.

ETH Adoption Outshines Bitcoin

Ethereum’s broad utility continues to give it an edge over Bitcoin. While BTC remains primarily a store of value and an inflation hedge, ETH powers decentralized finance (DeFi), non-fungible tokens (NFTs), and functions as a global settlement layer for digital payments.

Against that backdrop, an increasing number of firms are actively adding ETH to their balance sheets. For example, SharpLink Gaming recently purchased another 56,533 ETH, increasing its total holdings close to 800,000 tokens.

Source: SoSoValue.com

Recent exchange-traded funds (ETF) data also shows ETH ETFs outperforming their Bitcoin counterparts for seven consecutive days. At press time, ETH trades at $4,473, down 3.2% in the past 24 hours.

Ethereum trades at $4,473 on the daily chart | Source: ETHUSDT on TradingView.com

Featured image from Unsplash.com, charts from SoSoValue and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Crypto Trends

Canadian Firm Luxxfolio Plans $73M Raise to Expand Litecoin Treasury Strategy

by admin August 29, 2025



In brief

  • Luxxfolio is transitioning from Bitcoin mining to a digital asset treasury strategy centered on Litecoin, paired with infrastructure plans.
  • It comes as the firm posted zero revenue and a net loss of $197,000 in Q2, with just $112,000 in cash and cumulative losses nearing $19 million.
  • Litecoin treasuries may attract institutions if tied to usable infrastructure, but risks remain if they just sit on it, Decrypt was told.

Canadian crypto infrastructure firm Luxxfolio filed a shelf prospectus on Thursday to raise up to CAD$100 million (US$73 million), months after becoming the first publicly listed company to anchor its treasury in Litecoin following a broader pivot away from Bitcoin mining.

Luxxfolio views Litecoin “as hard currency,” CEO and Director Tomek Antoniak said in a statement.

“In our sector, scale is critical—the larger our treasury, infrastructure, and ecosystem footprint, the greater our ability to capture market share and influence adoption,” Antoniak said, adding that the shelf would give Luxxfolio “flexibility” to scale and meet market demands.

Once approved, Luxxfolio’s shelf prospectus will enable it to raise funds over 25 months through the issuance of shares, debt, or other securities.

The latest filing follows Luxxfolio’s move in July to begin disclosing its Litecoin purchases, with a strategic advisor confirming earlier this month that the company is targeting a total of 1 million LTC by 2026.

Litecoin creator Charlie Lee, meanwhile, joined its advisory board in late June.



Luxxfolio, like others jumping on the crypto treasury trend, is positioning its strategy around reserves and infrastructure, despite its financials being in poor shape, marked by mounting losses and limited liquidity for its stock.

Key signs of strain include no revenue, a net loss of approximately $197,000 for the second quarter, compared with a net loss of $8,000 in the same period a year earlier, and nine-month losses that more than doubled year-over-year, according to its latest quarterly financials.

The company closed Q2 this year with just $112,000 in cash and relied on a $844,000 private placement to stay afloat, with nearly $19 million in total losses since its inception in 2017. 

Its management had warned of “significant doubt” about its ability to continue operating without fresh capital. Decrypt has reached out to Luxxfolio for comment.

Don’t just sit on it

Observers argue that a Litecoin-focused digital asset treasury can draw institutional attention if it goes beyond passive accumulation.

Such a model could “absolutely attract institutional capital if it’s paired with usable infrastructure,” Mehow Pospieszalski, CEO of wallet infrastructure platform American Fortress, told Decrypt.

Citing how inflows on the Litecoin ecosystem top over $100 million, Pospieszalski said that institutions “don’t deploy that kind of capital into a ghost chain,” instead, “they’re looking for scalable rails, compliance pathways, and user adoption.”

Risks remain, however, if “DATs just sit on assets and hope for ‘number go up,’” Pospieszalski said.

“They risk repeating 2008-style leverage cycles,” but the difference could come “when treasuries actually grow the ecosystem” by building tools that bring in users, he said.

Luxxfolio and others appear to be taking that path “to eliminate the bubble risk by replacing speculation with utility,” he added.

“Institutional capital has a tendency to gravitate toward assets with the following characteristics: deepest liquidity, strongest adoption, with the most established market narrative,” Shawn Young, chief analyst at MEXC Research, told Decrypt, adding that those qualities are “areas that Bitcoin clearly dominates.”

Litecoin, while having “technical merit and long-standing credibility,” has less developed institutional use cases, Young said.

Litecoin could “carve out a niche if paired with real utility,” but is “unlikely to command the same level of institutional inflows as Bitcoin-based strategies,” he said.

Still, the rise of altcoin treasuries “can be the decisive spark that ignites the final phase of the current market cycle,” Ray Youssef, CEO of NoOnes, told Decrypt.

Portfolio strategy pivots from companies like BitMine, SharpLink, Pantera, and others, are starting to “treat blue-chip altcoins as treasury-grade reserve assets,” Youssef said.

That “vote of confidence,” he argued, is reshaping how altcoins are perceived, signaling that “institutional capital is no longer reserved exclusively for Bitcoin.”

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TON Gains Robinhood spot, but recovery to $8 peak remains elusive
Crypto Trends

TON Gains Robinhood spot, but recovery to $8 peak remains elusive

by admin August 29, 2025



While Robinhood’s listing provided a predictable, though modest, price jolt, the sobering reality for TON bulls is a chart still painted deep red. The token remains a staggering 60% down from its historic peak, a chasm that seems too wide for a single listing to bridge.

Summary

  • Robinhood adds TON spot trading on August 28, briefly lifting its price from $3.12 to $3.25.
  • TON remains 61.6% below its all-time high of $8.24 set in June 2024.
  • The listing puts Robinhood ahead of Coinbase, which has not yet launched TON trading.

On August 28, Robinhood confirmed the addition of The Open Network’s Toncoin (TON) spot trading to its crypto lineup, widening its roster beyond recent listings like SUI, FLOKI, ONDO, and PENGU.

The debut triggered a brief price reaction, with TON climbing from $3.12 to $3.25 before retracing gains to trade at $3.16 by press time, according to crypto.news data. The move puts Robinhood ahead of Coinbase, which has yet to roll out support for the Telegram-linked token.

The uphill climb: contextualizing TON’s muted response

Despite the positive catalyst, TON’s weekly chart remains in negative territory, with the token down over 4% in the past seven days. More significantly, it continues to trade a formidable 61.6% below its all-time high of $8.24, a peak established during the market euphoria of June 2024.

This substantial drawdown underscores a persistent challenge: while listings provide visibility, they often lack the fundamental firepower needed to reverse deep-seated bearish trends on their own. The asset is not just battling for new buyers but working to convince a cohort of bagholders who bought near the top that a recovery is imminent.

This tepid performance stands in stark contrast to the explosive moves seen across the broader altcoin market on the same day. While TON remained relatively flat, other tokens leveraged specific, high-impact ecosystem news to generate monumental rallies.

Cronos (CRO) skyrocketed over 18% following the announcement that Trump Media Group would anchor a $6.4 billion treasury on the token. Solana (SOL) surged 3% after DeFi Development Corp disclosed a massive $77 million SOL acquisition for its corporate treasury. Chainlink (LINK) saw a steady 2% climb after Caliber publicized its strategy to accumulate LINK tokens.

Perhaps the most telling comparison is with Pyth Network (PYTH), which erupted for a nearly 60% single-day gain. This monumental pump was not triggered by an exchange listing, but by a foundational development: a formal partnership with the U.S. Department of Commerce for onchain data verification.

This event provided a concrete utility and legitimacy boost that fundamentally altered the project’s value proposition, an outcome far more potent than the simple increased accessibility provided by a new trading venue.



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