Circle Unveils Arc Layer-1 Blockchain Built Around USDC Payments

Circle

Key Takeaways: Circle is stepping into infrastructure terrain with its upcoming launch of Arc, a Layer-1 blockchain using USDC as its native gas token. With key features for payments, trading, and enterprise use, Arc dovetails with Circle’s robust Q2, showing that stablecoin-focused infrastructure is now at the forefront of crypto innovation. Building Arc – A … Read more

Ethereum Developer Freed in Turkey, Pledges $500K to Tornado Cash Co-Founder’s Defense

Ethereum

Key Takeaways: A high-profile detention involving blockchain developer “Fede’s intern” ended with his release by Turkish authorities this week. The Argentine coder, held in Izmir over alleged links to Ethereum misuse, has vowed to contribute $500,000 to Tornado Cash co-founder Roman Storm’s legal defense, following Storm’s recent conviction in New York. Connection to Privacy Protocol … Read more

ETH Profits Will Be Rotated to BTC, Analyst Warns

ETH

Key Takeaways: Bitcoin hardliner Samson Mow is issuing a warning to the Ethereum community: the current ETH surge may be a setup for a sell-off, not a sustained rally. He suggests long-time ETH holders—especially ICO-era investors—will eventually rotate back into Bitcoin once prices get high enough. The “Vehicle-to-Bitcoin” Argument Mow argues that energetic ETH buying … Read more

Ethereum Soars as Mysterious Institution Acquires $1B

Ethereum

Key Takeaways Ethereum’s recent price rally is being driven by aggressive institutional accumulation. A fresh wave of buying from a so-called “mystery institution” has become the focal point of market momentum, coinciding with a remarkable valuation milestone for the network. Meanwhile, public companies and ETFs are piling in—further reinforcing bullish optimism. Massive “Whale” Activity Shakes … Read more

Vitalik Buterin Becomes On-Chain Billionaire Again as ETH Tops $4.3K

Vitalik Buterin

Key Takeaways Ethereum co-founder Vitalik Buterin has once again reclaimed billionaire status—on-chain—after ETH soared past $4,000. Blockchain firm Arkham estimates his holdings at just over $1.04 billion, driven by Ethereum’s latest rally. Buterin’s Portfolio Hits $1B+ as ETH Jumps Arkham reports Buterin owns approximately 240,042 ETH, alongside smaller stakes in tokens like Aave Ethereum (AETHWETH), … Read more

Ethereum Developer Detained in Turkey Amid Vague ‘Misuse’ Allegations

Ethereum

Key Takeaways Over the weekend, an Ethereum developer known as “Fede’s Intern” was detained in Izmir, Turkey, under nebulous accusations of aiding in the “misuse” of Ethereum. The incident has ignited alarm in the crypto community, particularly as legal boundaries for blockchain developers remain blurred. This resonates deeply with the case of Tornado Cash co-founder … Read more

Tornado Cash Co‑Founder Found Guilty of Operating Unlicensed Money Service

Tornado Cash

Key Takeaways In a significant verdict for crypto regulation, Tornado Cash co-founder Roman Storm was found guilty by a Manhattan jury for conducting an unlicensed money transmitting service. The jury was unable to reach a verdict on two additional charges—money laundering and sanctions violations. Guilty on One Count, Deadlocked on Others After four days of … Read more

Coinbase To Apply A 0.1% Fee To USDC-to-USD Conversions Exceeding $5M

Coinbase

Key Takeaways Coinbase will impose a 0.1% fee on USDC-to-USD net conversions beyond $5 million within a 30-day window, effective August 13. Previously, conversions up to $40 million were fee-free. The change follows two quarters of underwhelming revenue performance for the exchange. “Running an Experiment,” Says Coinbase Bankless co-founder Ryan Adams voiced concern, calling the strategy … Read more

Base Blames 33-Minute Outage to Faulty Backup Sequencer

Base

Key Takeaways Base, Coinbase’s Ethereum layer‑2 chain, went offline for 33 minutes on August 5 after its backup sequencer failed to produce blocks. The incident began when the primary sequencer fell behind, triggering an automated switch to an improperly configured backup system—causing significant downtime. Unprepared Backup Sequencer Triggers Halt At 06:07 UTC, Base’s Conductor system automatically switched … Read more

Bitcoin Dip to $112K Fails to Ignite an Altcoin Season

Altcoin Season

Key Takeaways Bitcoin fell to $112,044 this week but showed no clear altcoin uplift, leading analysts to question whether “altcoin season” is still forthcoming. Despite earlier expectations, the high-volatility segment failed to rally as Bitcoin recovered toward $113,839. Speculative Appetite on the Decline Major altcoins dropped sharply: Solana (–9.45%), XRP (–5.48%), Dogecoin (–10.80%). Analysts from … Read more