Author: Ethan Carter

XMR, the token powering the privacy-focused Monero network, has emerged as today’s top gainer with a 4% rise, bucking the broader crypto market decline. The rally comes even as Kraken, one of the world’s largest exchanges, temporarily froze deposits for the token after AI-based protocol Qubic claimed it had gained majority control of the Monero network. XMR Network Turmoil: Qubic Claims Majority Control, Kraken Responds On August 14, Qubic, an AI-driven crypto mining protocol, claimed it had gained majority control of Monero’s hashing power, an event commonly referred to as a 51% attack. Following this, Kraken confirmed that it paused…

Metaplanet Adds 775 BTC, Stock Jumps 3.93% in Tokyo Anonymous Mon, 08/18/2025 – 11:33

Strategy’s long-running role as a high-beta proxy for Bitcoin is showing signs of strain, as hedge funds increasingly dominate trading and its largest shareholder trims exposure. Summary 10x Research warns Strategy’s $360 support is at risk as hedge funds dominate trading. Vanguard cut its stake by 10%, signaling waning confidence. Bitcoin treasuries are losing appeal as volatility declines, with capital flowing to Ethereum plays and crypto IPOs. According to an Aug. 18 analysis by 10x Research, Strategy has been locked in one of its tightest ranges in years, with $360 repeatedly acting as a key support level. The company’s share price has…

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin remains susceptible to further downside, having lost over 7% since hitting record highs above $124,000 on Thursday.Bullish momentum fadingThe weekly chart (candlestick format) shows that BTC’s ongoing decline follows repeated bull failure to secure a foothold above $122,056, the Fibonacci golden ratio. It also marked the inability to keep gains above the significant long-term resistance trendline that connects the bull market highs of 2017 and 2021.BTC’s weekly chart. (TradingView/CoinDesk) Additionally, the weekly stochastic oscillator has rolled over from the overbought zone above 80, signaling a potential…

In brief Charles O. Parks III, aka “CP3O,” has been sentenced to just over a year in prison for a $3.5 million cryptojacking scheme. Parks mined nearly $1 million in cryptocurrency using stolen cloud computing power. He has forfeited $500,000 and a Mercedes-Benz, with restitution pending. A Nebraska man has been sentenced to one year and one day in prison for running a large-scale illegal “cryptojacking” scheme that defrauded two major cloud computing providers out of more than $3.5 million worth of computing resources, which he used to mine nearly $1 million in cryptocurrency.Charles O. Parks III, 46, also known…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. If you ever bought cryptocurrency in 2018, you remember the friction. KYC black holes, delayed bank transfers, and a random wallet address you hoped was correct. It’s easier now, but not by much. While the situation is certainly better these days, most of the friction and challenges remain — largely stemming from the traditional banking system.  Summary DeFi’s next chapter depends on integrating — not replacing — the traditional payment rails it once sought to disrupt. While…

In brief Japan’s FSA is expected to approve JPYC’s yen-backed stablecoin, making it the first regulated one in the country. Circle’s USDC entered the Japanese market earlier this year in partnership with local firm SBI. JPYC’s CEO has distanced the stablecoin from cryptocurrency, calling it a fiat-linked digital payment method. Japanese fintech firm JPYC is expected to receive regulatory approval from the Financial Services Agency (FSA) for its yen-backed stablecoin later this year, making it the first officially recognized issuance of its kind in Japan.The company has already been operating a version of the token—also named JPYC—but will now bring…

Crypto traders should remain vigilant for an ether (ETH) price drop below $4,200, which could trigger millions in long liquidations and increase market volatility.As of writing, over 56,638 ETH in bullish long positions – valued at $236 million – faced liquidation risk on the decentralized perpetual exchange Hyperliquid in case of an ether price drop to $4,170, according to data from Hyperdash. The data also showed a risk of sizable liquidations at $2,150-$2,160 and $3,940. At press time, ether changed hands at $4,260, down nearly 5% on the day, according to CoinDesk data.Andrew Kang, founder of the crypto venture capital…

Tokyo-listed Metaplanet Inc (3350) has acquired an additional 775 bitcoin for 13.73 billion yen (about $94 million), according to its most recent filing. The purchase, made at an average price of 17.72 million yen ($120,500) per bitcoin, lifts the company’s total holdings to 18,888 BTC, worth roughly 284.1 billion yen ($1.95 billion). This purchase keeps them as the seventh largest bitcoin treasury company. Across all purchases, Metaplanet’s average acquisition cost now stands at 15.04 million yen per BTC ($102,100).The company reported a Bitcoin Yield of 29.3% for the latest period, down from 129.4% in Q2. Its multiple to net asset…

How much Bitcoin is left to mine? Bitcoin’s total supply is hardcoded at 21 million BTC, a fixed upper limit that cannot be altered without a consensus-breaking change to the protocol. This finite cap is enforced at the protocol level and is central to Bitcoin’s value proposition as a deflationary asset.As of May 2025, approximately 19.6 million Bitcoin (BTC) have been mined, or about 93.3% of the total supply. That leaves roughly 1.4 million BTC yet to be created, and those remaining coins will be mined very slowly.The reason for this uneven distribution is Bitcoin’s exponential issuance schedule, governed by…