Category:

GameFi Guides

Ethereum ETF inflows surpass Bitcoin for a full week

by admin August 28, 2025

For an entire week, Ethereum spot ETFs have attracted more money than Bitcoin ETFs, marking a clear shift in how investors are allocating funds.

Summary

Ethereum ETFs attracted $1.83 billion from August 21 to 27, significantly surpassing Bitcoin ETFs, which brought in $171 million during the same period.
Over the past month, Ethereum ETFs have seen approximately $3.7 billion in net inflows, while Bitcoin ETFs recorded net outflows of about $803.4 million.
The recent ETF inflows align with Ethereum’s price gains, as ETH climbed to nearly $4,950 before settling around $4,600, up 19% for the month.

Ethereum (ETH) ETFs saw a total of $1.83 billion in inflows from August 21 to 27, while Bitcoin ETFs attracted just $171 million during the same period. According to data from SoSoValue, exchange-traded funds tracking ETH brought in $307.2 million during their latest trading session, while Bitcoin (BTC) ETFs registered $81.3 million in net inflows.

This extends their week-long trend of positive flows, with Ethereum ETFs now on a four-day winning streak, while Bitcoin ETFs struggle to keep pace.

In August so far, Ethereum ETFs have attracted approximately $3.7 billion in net inflows. By contrast, Bitcoin ETFs have recorded net outflows of about $803.4 million, driven largely by the $1.17 billion withdrawn during the week ending August 22.

Even more interesting is the scale of the inflows relative to Ethereum’s size. Despite having a smaller market cap than Bitcoin, Ethereum ETFs brought in over 10x more capital over the last 5 trading days.

The ongoing trend contrasts sharply with ETH ETFs’ earlier underperformance this year, when Bitcoin ETFs dominated weekly and monthly gains. This reversal reflects a shift in investor preference toward ETH, with many now seeing greater growth potential in the current cycle as institutional interest deepens.

Ethereum ETF growth fueled by price boost

Ethereum ETFs’ strong inflows have come alongside a steady rise in price. Over the past month, ETH has climbed significantly, even recently reaching a new all-time high near $4,950.

While it has readjusted to trade at $4,600 at the time of writing, the asset remains roughly 7.3% up on the week and 19% this month, and its momentum so far has reinforced bullish sentiment.

Bitcoin, on the other hand, trades just over $113,000. The crypto king dipped to around $109,000 earlier this week, now sitting in the red for the month with an approximate 5% decline. While not showing signs of major weakness, BTC’s lack of sustained momentum has made room for Ethereum to stand out in price performance and institutional fund flows.

A similar trend is evident in corporate accumulation. In recent months, demand for ETH among corporate entities has outpaced Bitcoin, with many aggressively buying ETH while institutional Bitcoin purchases slow.

Meanwhile, Ethereum ETF assets under management have also surpassed Bitcoin in recent months. Over the last 30 days, ETH ETFs grew nearly 58%, while Bitcoin ETFs declined about 10.7%.

Upcoming macroeconomic data from the U.S. could influence how these flows continue. If markets remain uncertain, ETFs may become even more appealing as a regulated, accessible way to gain crypto exposure. For now, Ethereum has the upper hand not just in price action, but in narrative. The question is whether it can sustain that momentum as the ETF market matures.

Source link

August 28, 2025 0 comments

GameFi Guides

Tether’s USDT Revenue Hits $148.99M This Week, Beats Circle USDC

by admin August 28, 2025

Tether’s stablecoin USDT is currently dominating the crypto market, USDT, which has made $148.98 million in the past week, according to DefiLlama.

This figure outpaces its competitors, with Circle earning $49.25 million, Hyperliquid $31.18  million, Tron $13.96  million, and Pump.fun $12  million, which makes Tether the leader in the US-dollar-backed stablecoin.

Tether has an approximate of 100 employees, but its output is remarkable. To put it in perspective, JPMorgan Chase made a profit of $8.5 billion employing more than 317,000 people, which highlights the high profitability of a small scale in the case of Tether.

Its growth aspirations are supported by the fact that the firm has reserves of $162.57 billion. Tether is going global and particularly in Asia where the adoption of digital assets is increasing.

Despite the good performance, the company continues to be under regulatory scrutiny and combats fraud, most recently collaborating with blockchain companies to freeze up to $23 million in illegal USDT.

The increase in revenue is due to increased crypto trading and new stablecoin issues, which also increase the overall market activity. Meanwhile, rivals like Circle USDC face hurdles, further strengthening Tether’s lead in the stablecoin market.

Investors closely monitor Tether as it innovates, carefully balancing growth with regulatory requirements in a fast-moving market. Its robust performance underscores the growing importance of stablecoins like USDT in both crypto trading and global finance.

Also Read: Tether Reports $4.9B Q2 Profit, Holds $127B in Treasuries, $20B USDT

Source link

August 28, 2025 0 comments

GameFi Guides

Dogecoin to Proof of Stake? Cofounder Shares His 2 Cents

by admin August 28, 2025

Dogecoin founder Billy Markus, known as Shibetoshi Nakamoto on X, took to the platform to discuss the recent debate about the meme coin’s algorithmic consensus. The discourse in the community centers on transitioning Dogecoin (DOGE) from a proof-of-work (PoW) consensus to a proof-of-stake (PoS) one.

Dogecoin not moving to PoS chain

In his post, Markus said his view is that the debate is annoying. According to the DOGE founder, transitioning into PoS would fracture the community. He added that a PoS consensus would cause a fork, resulting in multiple Dogecoins.

i think the chatter about changing the consensus algorithm of dogecoin from PoW to PoS is annoying

all it would do is fracture the community and cause a fork resulting in multiple dogecoins, the chaos isn’t worth it

— Shibetoshi Nakamoto (@BillyM2k) August 27, 2025

The people pushing for PoS argue it addresses the limitations of PoW, while enhancing the potential of Dogecoin for global use. These arguments are substantiated by the success of Ethereum’s PoS and broader industry trends toward energy-efficient blockchains.

Dogecoin whales increase activity

Meanwhile, the Dogecoin community has witnessed increased whale activity over the past few days.

As U.Today reported, a new whale pulled out 52.9 million DOGE, valued at about $12 million, from Binance. Historically, such movements are seen as whales holding on to their stash, rather than trading their assets.

Eric Trump At Bitcoin Asia 2025? Hong Kong Officials Say ‘No Thanks’

by admin August 28, 2025

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

Hong Kong’s Bitcoin conference has become a test of politics and optics rather than just a meeting for crypto fans.

Officials Drop Out After Speaker Confirmation

According to reports, two local figures quietly pulled out of Bitcoin Asia 2025 after Eric Trump – son of US President Donald Trump – was listed as a speaker.

Eric Yip Chee-hang of the Securities and Futures Commission and lawmaker Johnny Ng Kit-chong withdrew from the event lineup, which runs on August 28 and 29.

Organizers declined to say if the changes were forced, but sources told the South China Morning Post that officials were urged to skip the conference if Eric Trump appeared.

A Hong Kong official and a lawmaker have withdrawn from a Bitcoin Asia conference in the city following advice not to engage with Eric Trump, son of President Donald Trump, the South China Morning Post reported. https://t.co/FvgpBoyn77

— Bloomberg (@business) August 28, 2025

A Delicate Balance Between Trade And Appearances

Hong Kong’s leaders are juggling big goals. The city wants foreign crypto firms and is promoting rules meant to attract them.

At the same time, ties between the US and China are strained. Tariffs on Hong Kong exports are at 145%, a figure that some officials see as a reminder to be cautious about public associations.

Lau Siu-kai, an adviser to a Beijing-linked think tank, said the withdrawals avoid any sense of taking sides with Washington during a sensitive time.

US Connections Draw Attention

Eric Trump is scheduled for two sessions, titled “All in on Bitcoin” and “Bitcoin Takes Over the World.” He co-founded American Bitcoin and has links to World Liberty Financial, according to public filings and past coverage.

BTCUSD trading at $113,234 on the 24-hour chart: TradingView

With US President Donald Trump back in the White House and pushing crypto-friendly rules, the family’s moves are being watched more closely than before.

Some attendees say his name will still draw crowds. Others worry it will keep the focus off technology.

Local Voices Push Back On Political Framing

Joshua Chu of the Hong Kong Web3 Association told reporters that the walkout looked like personal choices, not a political purge.

He argued that Eric Trump’s presence underlines Hong Kong’s role in crypto. Still, several people at the scene said that political considerations were unavoidable.

The event, now in its second edition this year, was meant to highlight panels on tokenization and funding, but the headlines have shifted.

How Policy Fits Into The Picture

Hong Kong recently rolled out a revised Digital Assets Policy and a stablecoin ordinance on August 1 as part of a push to make the city friendlier to virtual assets.

That push is ongoing. Organizers say the conference will continue, with some sessions kept intact and others quietly reshuffled.

The meeting will likely show how far officials are willing to separate tech outreach from larger state-to-state tensions.

Featured image from Mandel Ngan/AFP/Getty Images, chart from TradingView

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.

Source link

August 28, 2025 0 comments

GameFi Guides

Numeraire Climbs After JPMorgan Deal to Lead AI Token Surge

by admin August 28, 2025

In brief

AI tokens climbed nearly 6% in 24 hours, lifting their market value to $29.4 billion.
Numerai crowdsources trading signals, rewarding data scientists with NMR tokens.
JPMorgan’s potential stake underscores a growing interest in AI-crypto funds.

The token for Numerai, a crypto hedge fund that uses artificial intelligence, led a surge in AI-focused digital assets on Wednesday after JP Morgan Asset Management said it was committing $500 million to the project.

NMR was up more than 100% over the past 24 hours to trade near $23, according to crypto markets data provider CoinGecko.

The AI-token sector rose 5.8% in 24 hours, reaching a total market cap of $29.4 billion, according to CoinGecko. The rally came even after Nvidia, whose hardware underpins much of the artificial intelligence boom, reported weaker-than-expected second-quarter earnings.

Among the 24-hour gainers, Near Protocol (NEAR) climbed 1.5%, the token of the Artificial Superintelligence Alliance (FET) added 1.3%, and Internet Computer (ICP) rose 1%.

Founded in 2015, Numerai crowdsources market forecasts from data scientists, rewarding top models with its NMR token. It began with an encrypted online tournament where participants competed to predict stock prices.

In hedge fund terms, “capacity” means an investor has locked in the option to allocate a set amount of money to a fund, ensuring access even if the fund later limits new investments. It signals a reserved allocation, not an immediate transfer of funds. Numerai has attracted high-profile early backers over the years, including Paul Tudor Jones, Naval Ravikant, and Renaissance Technologies co-founder Howard Morgan.

The Numerai deal marks another pivot for JPMorgan, whose CEO Jamie Dimon has long been a vocal crypto skeptic. Dimon once called Bitcoin a “fraud” and likened digital assets to “decentralized Ponzi schemes.”

But Dimon has softened his stance. At a May investor day, Dimon said that while he still doesn’t support Bitcoin personally, JP Morgan would allow clients to buy it. In June, the bank said it was exploring crypto‑backed lending and offering loans backed by clients’ digital‑asset holdings.

JP Morgan Asset Management did not immediately respond to a request for comment by Decrypt.

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.

Source link

August 28, 2025 0 comments

JD.com’s global stablecoin push aims to shave days off cross-border payments

GameFi Guides

Circle, Paxos pilot system to fight counterfeit stablecoins

by admin August 28, 2025

Circle and Paxos have launched a pilot system to verify stablecoin issuers and block counterfeit tokens, aligning with new U.S. regulatory standards.

Summary

Circle and Paxos pilot a cryptographic system to verify stablecoin issuers.
The initiative aligns with the U.S. GENIUS Act for federal oversight of stablecoins.
It aims to prevent counterfeit tokens, boost trust, and drive stablecoin adoption.

According to an Aug. 27 report by Bloomberg, Circle Internet Financial and Paxos Trust Company have begun a pilot program for a new “know-your-issuer” system. By verifying the legitimacy of stablecoins at the time of issuance and transaction, the initiative aims to address long-standing concerns about counterfeit tokens.

How the system works

The verification tool, which was developed in partnership with the fintech startup Bluprynt, embeds cryptographic proof-of-issuer credentials directly into stablecoin transactions. Thus, it would be possible to track down the verified issuers of USD Coin (USDC), PYUSD, and USDP tokens issued during the pilot in real time.

The system removes the need for third-party audits and stops “copycat” tokens, which mimic genuine stablecoins but lack the necessary reserves or regulatory clearance.

Early testing showed that the system could seamlessly integrate across multiple blockchains, giving regulators and issuers a clear picture of the origins of tokens. The main objective of the pilot was to reduce the risks related to fraudulent stablecoins, a growing issue brought to light by companies such as Chainalysis.

Broader impact and regulatory context

The pilot closely aligns with the recently passed GENIUS Act, which sets federal standards for dollar-backed stablecoins. Lawmakers anticipate this framework will speed up adoption and potentially push stablecoin usage into the trillions, given the market’s current valuation of roughly $273 billion.

Circle and Paxos are both setting up shop to function under a single federal regulator. On Aug. 11, for example, Paxos reapplied for a national trust bank charter to grow beyond its license from the New York Department of Financial Services.

The KYI model may also apply to other GENIUS Act-compliant tokens that rely on tokenized U.S. Treasuries, like Ethena’s USDtb and Frax Finance’s frxUSD. The tool enhances investor trust and DeFi integrations while also assisting regulators by embedding provenance at the protocol level.

Source link

August 28, 2025 0 comments

GameFi Guides

Crypto Trader Boosts MEXC Bounty to $2.5M Over KYC Demand

by admin August 28, 2025

A crypto trader, White Whale, has escalated his multimillion-dollar social media campaign against MEXC, raising the bounty to $2.5 million. He stated that the exchanges act like they have all the power, deciding everything without fairness, like a judge, jury, and executioner.

On X, he stated that the fact that many exchanges are located in distant countries makes it nearly impossible for users to pursue legal action against them. This imbalance allows them to act unchecked, resembling bullies. The trader also stated that he is adding $250,000 to the community reward pool for people participating in his campaign against MEXC. He shared that another $250,000 will be donated to verified charities with transparent receipts.

MEXC Freezes $3.1M in Trader Funds Without Clear Reason

On August 24, the trader posted on X that the exchange had frozen $3.1 million of traders’ funds in July 2025. MEXC didn’t provide a clear reason for the freeze, despite the trader claiming that he followed all their rules, which included identity checks with video and proof of address.

To fight back, on August 25, 2025, White Whale started a $2 million social media campaign on X to push MEXC to release his funds. The campaign asks people to create a free NFT on the Base network, post on X with the hashtag “#FreeTheWhiteWhale,” and tag MEXC or its chief operating officer.

He also announced that if his money is unfrozen, the first 20,000 people who join the campaign and hold the NFT will equally share a $1 million USDC reward. On August 26, the trader shared that MEXC had reportedly asked him to travel to Malaysia for an in-person meeting to verify his identity and expedite the unlocking of his funds.

However, he refused, calling it risky and unnecessary, especially since crypto-related kidnappings are a concern. An hour after that post, he raised the campaign’s “bounty” to $2.5 million to keep the pressure on MEXC.

The trader shared that MEXC’s rules don’t mention needing an in-person meeting. Earlier in 2025, MEXC had stated that it freezes accounts only for serious reasons like market manipulation or fraudulent trading, not because someone is making profits. The firm claimed that most users get their accounts back after verification.

In an exclusive statement given to The Crypto Times, MEXC said, “Our priority is to ensure that all procedures, including KYC and risk control compliance review, are transparent, standardized, and aligned with global regulations. All user procedures are governed by clear and transparent policies, and any official communication from MEXC will always align with these standards.”

Further, the exchange said that it focuses on keeping users’ money safe, being open, and ensuring fair practices. They have shared more public reports about how they handle rule-breaking, prevent fraud, and improve security.

MEXC Faces Scrutiny as User Reports $2M Tether Freeze

White Whale is not the only one facing issues. In April 2025, another user, Pablo Ruiz, said MEXC froze his $2 million in Tether (USDT) without explanation, citing a “risk control” protocol.

He got automated messages saying his account would be locked until April 2026. Ruiz also shared an email from MEXC saying the review was done, but their support team claimed it was still ongoing, which he called confusing and lacking transparency.

Also Read: Adele, Future and MJ’s Instagram Accounts Hacked in Crypto Scam

Source link

August 28, 2025 0 comments

GameFi Guides

Former Crypto Trader Kidnapped and Strangled Near Paris: Details

by admin August 28, 2025

Police action
French crypto crime wave

According to a recent report by French media outlet Le Parisien, a former cryptocurrency trader named Alexander was recently kidnapped near Paris.

Around 11 p.m., the chief of police in Saint-Germain-en-Laye received a strange phone call from a caller in Algeria, who claimed that they received an extremely disturbing photo from the phone of the victim.

The photo showed Alexander held against his will on his knees with his hands tied.

The kidnappers were demanding a ransom of 10,000 euros for his release.

Police action

Night investigators from Yvelines swiftly open an emergency case. They immediately tried to geolocate Alexandre’s phone, which shows up in the 10th arrondissement of Paris.

The anti-crime brigade (BAC) set up surveillance near Alexandre’s home in Saint-Germain-en-Laye, in case the kidnappers bring him back or drop him off.

The officers then recognized the victim at around 4:00 while he was walking home with a shocked and swollen face.

French crypto crime wave

There have been some similar cryptocurrency-related crime incidents in France over the past months.

In January, Ledger co-founder David Balland and his partner ended up being updated, with Balland’s fingers being seared in capitavaity. The entrepreneur was then rescued by French elite forces.

In May, the father of a crypto entrepreneur was also kidnapped in broad daylight and had his finger severed before being rescued by the police. The police managed to rescue him.

During the same month, criminals tried to abduct the daughter of Paymium CEO Pierre Noizat.

Over 20 people have been arrested in connection with the crime wave. The most recent incident is currently being investigated by the police.

Source link

August 28, 2025 0 comments

GameFi Guides

Iran’s Crypto Sector Suffers 11% Decline Following $90-M Exchange Hack

by admin August 28, 2025

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

According to reports, Iran’s on-chain crypto activity fell sharply in the first half of 2025. Inflows totaled $3.7 billion in the first seven months, a 10% drop from the same period in 2024. The slump accelerated after April: June flows contracted 50% year-on-year and July tumbled 75%.

Major Exchange Breach Shakes Trust

Based on a TRM Labs report, a major security breach hit Nobitex on June 18. Roughly $90 million was taken from hot wallets, source code was leaked, and some stolen coins were steered to vanity addresses that referenced the Islamic Revolutionary Guard Corps.

Outflows from the exchange spiked — more than 150% in the week before the fighting — as traders moved funds to what they saw as safer places. Trust, already fragile, was seriously damaged.

Inbound Transactions Collapse As Users Withdraw

Nobitex’s inbound transfers dropped by about 70% year-on-year after the breach. Some dormant Bitcoin wallets tied to mining activity were activated and later routed funds into a newly created hot wallet.

Regulators responded by imposing overnight trading curbs designed to slow panic, but many users had already pulled funds offshore. Reports show a surge in transfers to foreign platforms and payment processors that have lighter identity checks.

Stablecoin Freezes Strain Liquidity

In July, Tether froze 42 wallets linked to Iran, removing a large chunk of usable stablecoin liquidity on local rails. More than half of those wallets had ties, on-chain, to Nobitex or addresses flagged with IRGC links, though ownership remains unclear.

Tether also froze $27 million in USDT tied to Garantex, a sanctioned Russian exchange, an action that highlights the broad reach of compliance moves. The US Treasury blacklisted Garantex in 2022, and that prior action has had echoing effects on market behavior.

Total crypto market cap currently at $3.84 trillion. Chart: TradingView

Power Cuts And Conflict Worsen Market Stress

The decline in flows came during a period of heightened regional tension. A 12-day conflict with Israel erupted in mid-June while nuclear talks stalled. Israeli strikes and internal disruptions led to widespread electricity outages.

Mining rigs were idled. Trading became harder. For many traders, the safest option was to move funds off domestic rails; for others it was to switch stablecoins or chains.

New Taxes Tighten The Grip

In August, Iran approved the Law on Taxation of Speculation and Profiteering. The law brings capital gains taxes to crypto, gold, real estate, and forex.

Enforcement will roll out in stages, but officials say oversight will increase. That policy move, combined with freezes and hacks, gives firms more reason to pause or shift operations.

Featured image from Getty Images, chart from TradingView

Source link

August 28, 2025 0 comments

GameFi Guides

Philippine Senator Suggests Putting National Budget On-chain

by admin August 28, 2025

In brief

Senator Bam Aquino called for budget transactions to be recorded on-chain.
A formal bill proposing the measure is yet to be filed.
Blockchain solutions aren’t “a silver bullet against corruption,” a local blockchain infrastructure firm told Decrypt.

Philippine Senator Bam Aquino wants the country’s national budget placed on a blockchain platform, a move he said would make every peso spent traceable by citizens.

“No one is crazy enough to put their transactions on blockchain, where every single step of the way will be logged and transparent to every single citizen. But we want to start,” Aquino said in a statement at the Manila Tech Summit held on Wednesday.

“If we’re able to do this, I think we’ll be the first country to have our budget on the blockchain,” Aquino said, adding he’s unsure what kind of support he’d receive.

At the time of writing, no formal proposal on a blockchain-powered budget management system scaled for the country’s entire national budget has been filed. Representatives for Senator Aquino did not immediately return Decrypt’s request for comment.

But once formalized, Senator Aquino’s plan would build upon the Department of Budget and Management’s existing blockchain platform, which already records select financial documents and is the first live on-chain budget platform in Asia.

BayaniChain, the local blockchain infrastructure firm behind the DBM’s on-chain platform, welcomed Aquino’s remarks but clarified it is not directly involved with the senator.

“His vision aligns with ours: creating more transparent and accountable systems for the Philippines,” Paul Soliman, co-founder and CEO of BayaniChain, told Decrypt. “While blockchain is not a silver bullet against corruption, it creates immutable records that ensure accountability from government officials.”

Soliman said BayaniChain’s role is to provide the technology that links the Department of Budget and Management’s internal system to a public blockchain.

This setup allows key budget documents, such as Special Allotment Release Orders (SAROs) and Notices of Cash Allocation (NCAs), to be published and verified online, with the records secured on-chain.

Prismo, an orchestration layer, manages data handling, encryption, and validation. The DBM’s budget platform uses Polygon’s Proof-of-Stake network, an Ethereum scaling solution fully compatible with the Ethereum Virtual Machine, as its consensus and transparency layer.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

August 28, 2025 0 comments