US rep introduces bill to authorize state-sanctioned piracy against cybercriminals

Arizona lawmaker David Schweikert introduced the “Scam Farms Marque and Reprisal Authorization Act of 2025” in August, proposing the use of neo-privateers — state-sanctioned pirates — to target cybercriminals threatening the United States.  The bill would allow the US president to issue letters of marque to “privately armed and equipped persons” contracted by the government,…

ETH ETF Holdings Hit 6.4M As Ether Tags $4.6K

Key takeaways: Spot Ether ETFs posted record inflows of $7.88 billion across July and August, driving custodial holdings to 6.42 million ETH. ETH tags $4,650 following a 10% rally after Powell hints at a potential rate cut in September. Ether rallies 10% after Powell’s Jackson Hole speech Ether breached the $4,350 resistance on Thursday, testing…

Bitcoin Accounts for 1.7% of Global Money 16 Years After Inception: River

Bitcoin (BTC) grew to account for about 1.7% of global money, a figure that includes aggregate M2 money supply data for all major fiat currencies, the largest minor currencies, and gold’s market cap, according to River, a Bitcoin financial services company. “In 16 years, Bitcoin went up to 1.7% of global money,” River said. The…

Coinbase Tightens Workforce Security After North Korea Remote Worker Threats

Coinbase, the world’s third-largest cryptocurrency exchange by volume, has come under a wave of threats from North Korean hackers seeking remote employment with the company. North Korean IT workers are increasingly targeting Coinbase’s remote worker policy to gain access to its sensitive systems. In response, Coinbase CEO Brian Armstrong is rethinking the crypto exchange’s internal…

Aave Stumbles by Over 8% Following World Liberty Financial Rumors

The price of the Aave (AAVE) token tumbled by over 8% on Saturday, following rumors that the decentralized finance (DeFi) protocol would receive a different token allocation from World Liberty Financial (WLFI), a DeFi platform backed by members of US president Donald Trump’s family. “The WLFI team told WuBlockchain that the claim that ‘Aave will…

Lifeline or Last Resort for Struggling Firms?

Corporate adoption of crypto in treasury management is growing rapidly. In the first half of 2025, the tally of public companies holding BTC nearly doubled, according to a report from K33 Research. K33 revealed that between December 2024 and June 2025, the number of listed firms with Bitcoin (BTC) on their balance sheets climbed from…

Brazil’s Crypto Tax Grab Signals What’s Coming Next

Opinion by: Robin Singh, CEO of Koinly Crypto may be the first tax lever governments pull when scrambling for more revenue, if Brazil’s recent move is anything to go by. In June, Brazil scrapped its tax exemption for minor crypto gains and introduced a flat 17.5% tax on all capital gains from digital assets, regardless…

ETH Soars To New All-time High On Fed Rate Cut Signal

Key takeaways: Ethereum has rebounded by over 250% from its April lows. Fed Chair Jerome Powell’s dovish stance is fueling the ETH price rally. Bitcoin’s crypto market share has dropped below 60% for the first time since March. Ethereum’s native token, Ether (ETH), reached a new record high on Friday, crossing above $4,867 on Coinbase…

Brazil’s Crypto Tax Grab Signals What’s Coming Next

Opinion by: Robin Singh, CEO of Koinly Crypto may be the first tax lever governments pull when scrambling for more revenue, if Brazil’s recent move is anything to go by. In June, Brazil scrapped its tax exemption for minor crypto gains and introduced a flat 17.5% tax on all capital gains from digital assets, regardless…

Thai Police Arrest Korean Man in $50M Crypto-to-Gold Laundering Case

Thai authorities have arrested a South Korean man accused of helping a call center gang launder cryptocurrencies into gold worth more than $50 million. The Technology Crime Suppression Division (TCSD) said officers apprehended Han, 33, at Bangkok’s Suvarnabhumi Airport on Saturday under a warrant issued in February, according to a report from The Nation. He…