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Ethereum achieves local ATH in Japan and Korea, supported by domestic demand and institutional ETH acquisition strategies.
Share link:In this post: An Indian high court has denied the bail petition of a suspect involved in a crypto investment fraud of about $240 million. The court denied him bail because of the severity of the crime and its impact on society. Indian police reveal the modus operandi of the fraudulent group.
Share link:In this post: TRM Labs has revealed that the Embargo ransomware group has moved $34 million in illicit funds since April 2024. The blockchain intelligence firm said the group attacks industries in the critical sector in the United States. The United Kingdom has moved to initiate laws against ransomware payments in the public sector.
Share link:In this post: Indian authorities have warned that the youth demographic of its population is being used to move illegal funds out of the country. Criminal elements are offering innocent youths incentives to use their accounts to move fraudulent funds. Police have arrested about 60 young men as they continue to investigate the growing issue.
Share link:In this post: XRPL EVM launched with big promises but has just $100k in TVL and $3.2k in daily volume. Ripple’s RLUSD stablecoin has a tiny slice of the $271B stablecoin market. Ripple made political and regulatory progress, but its flagship products still haven’t gained real adoption.
Share link:In this post: A California lawsuit seeks to force Microsoft to keep supporting Windows 10 for free until less than 10% of such systems are in circulation. Around 700 million PCs still run Windows 10, including 240 million that cannot upgrade to Windows 11 due to hardware limits. The plaintiff claims that Microsoft’s decision is intended to increase hardware sales and adoption of its AI tools, such as Copilot.
- 12:50ETHZilla reaches OTC deal with Cumberland, secures up to $80 million in financing for stock buybackChainCatcher news, according to official sources, Ethereum treasury company ETHZilla announced that it has reached an OTC deal with Cumberland to secure up to $80 million in financing. The net proceeds will be used for the company's stock buyback. Previously, ETHZilla had already repurchased 2.2 million shares of company stock at an average price of $2.5 per share.
- 12:43Kazakhstan President Proposes Establishment of National Digital Asset FundOn September 8, according to Astana Times, Kazakhstan President Kassym-Jomart Tokayev emphasized the importance of attracting capital into high-tech sectors and instructed the government and the National Bank to formulate an investment plan worth up to $1 billion to promote technological development. In addition, he proposed the establishment of a National Digital Asset Fund under the National Bank's investment company. This fund will accumulate strategic cryptocurrency reserves and incorporate promising digital assets in the evolving financial landscape. He urged the development of new tools to inject bank liquidity into the economy and stressed the necessity of drafting a new banking law. The proposed legislation aims to enhance competition, attract new market participants, strengthen fintech development, and liberalize the circulation of digital assets. He emphasized the need to accelerate the construction of a comprehensive digital asset ecosystem in Kazakhstan. He also mentioned the launch of the digital tenge, a digital currency that has already been used by the National Fund for project financing.
- 12:14CoinShares plans to go public in the US and aims to raise approximately $50 million.According to ChainCatcher, citing GlobeNewswire, digital asset management firm CoinShares has announced plans to merge with Vine Hill Capital Investment Corp, a special purpose acquisition company listed on the Nasdaq Stock Market, and Jersey-based entity Odysseus Holdings Limited. The move aims to shift the listing venue of CoinShares' common shares from Nasdaq Stockholm Exchange to the US Nasdaq Stock Market. In addition, the company plans to privately issue 5,000,000 common shares to private investors at a price of $10.04 per share, raising approximately $50 million.