Category: Crypto News
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Apple’s App Store promoted fake Bitcoin wallet that stole $1.8M after developer spent a year warning them
Apple’s tightly controlled App Store is facing renewed scrutiny after three Bitcoin holders alleged they lost $1.8 million to a fake crypto wallet, adding to a growing list of malicious wallet apps that have reached users despite the company’s screening process. The lawsuit, filed July 24 in California, accuses Apple of failing to adequately review…
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Tom Lee: Ethereum 2.0 Could Push ETH Toward a $250,000 Long-Term Target
TLDR: Tom Lee says Ethereum’s 2.0 phase mirrors past re-ratings at Amazon and Nvidia stocks. AI-driven “uncanny valley of wealth” thesis positions Ethereum as a necessary trust layer. BitMine holds 5.74 million ETH, 4.8% of supply, and plans to stay below 5%. Technical analysts project near-term ETH targets between $2,200 and $2,239 per token. Ethereum…
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Are Exchange Shutdowns a Sign the Bear Market Is Ending?
“The next cycle will be dominated by licensed exchanges and institutional capital,” one analyst predicted. The cryptocurrency market has been stuck in a prolonged bear market for several months, while in the last few days, some well-known exchanges announced they will shut down operations. This sounds like concerning news that could trigger additional panic…
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Bitcoin Flips Volatile As US Trading Session Sees Spike Toward $66,000
Bitcoin (BTC) sought to build on local highs at Monday’s Wall Street open as US stocks opened in the green. Key points: Bitcoin approached new local highs with the start of the week’s first US trading session. Stocks also opened higher amid relief over a hiatus in the US-Iran war and potential progress on reopening…
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Frax Proposal Would Allow Early frxETH Redemptions With 4% Penalty
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Frax governance is discussing a proposal that would allow early redemptions from locked Ethereum pools, but with a 4% penalty fee routed to the Frax treasury. The proposal is still in the temperature check stage, so it has not been implemented. But…
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BitMart Faces Withdrawal Complaints Following Wind-Down Announcement
Withdrawals from crypto exchange BitMart appeared to slow after it announced plans to wind down its operations. On Monday, blockchain analytics account Lookonchain reported that only 58 wallets withdrew about $805,000 in over 24 hours. It added that the exchange had not processed any withdrawals during the latest eight-hour period it tracked. X users also…
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KB Kookmin Taps JPMorgan’s Kinexys as South Korea’s Largest Bank Pushes Instant Dollar Payments
Key Takeaways KB Kookmin Bank will launch Kinexys-based USD payments to 10 countries next month. Parent KB Financial Group holds $552.76 billion in assets, Asia-Pacific’s 28th-largest lender. Kinexys has processed over $4 trillion cumulatively, with daily volume exceeding $7 billion. What Was Announced Exactly KB Kookmin Bank, a unit of KB Financial Group, will roll…
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The brutal $346M math behind Galaxy’s high-stakes race to build CoreWeave’s Texas AI mega-center
Galaxy Digital’s $3.507 billion financing for its CoreWeave data-center build in Texas comes with a steep price: about $346.3 million in annual interest. A Galaxy project subsidiary priced the 9.875% senior secured notes on July 23. The deal is slated to close July 28, and the notes mature on Aug. 1, 2031. The financing is…
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Abu Dhabi’s $430B Asset Giant Makes Blockchain Leap, Coinbase Buys In
Key Takeaways Mubadala Capital tokenized its Alternative Solutions Fund, drawing $75 million onchain as of July 23, 2026. Coinbase took a direct balance sheet stake, an early case of a public crypto firm backing a tokenized fund. KAIO now administers $144 million in tokenized funds after Tether led its $8 million round in April 2026.…
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Ethereum Approaches Key Breakout Level as Hayes Boosts Holdings
TL;DR Arthur Hayes acquired 1,290 ETH worth about $2.5 million after transferring funds to Cumberland and FalconX. Ethereum is consolidating below the $1,900 resistance level. Analysts are now watching for a move toward $2,000. Ethereum network activity remains healthy as new smart contract deployments continue despite recent price volatility. Arthur Hayes’s Ethereum accumulation continued after…
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