U.S. Crypto ETFs saw $12.8 billion inflows, surpassing Vanguard S&P 500 ETF. Continue Reading: Crypto ETFs Surpass VOO and Spark New Investment Trends The post Crypto ETFs Surpass VOO and Spark New Investment Trends appeared first on COINTURK NEWS .
The native token of the Pi Network, PI, experienced a sharp decline, dropping from a high of nearly $0.46 on July 28 to just under $0.35 by Aug. 2. Token Holders Express Disappointment The native token of the Pi Network, PI, tumbled on Aug. 2 after the decentralized platform announced that “pioneers” had an option
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American companies are pushing into Europe this year to borrow at lower costs, putting less weight on the U.S. credit market. That’s based on reporting from Bloomberg, which shows a wave of euro-denominated bond deals from big U.S. names as they take advantage of lower interest rates across the Atlantic. This week, Verizon Communications Inc. sold €2 billion (or $2.31 billion) worth of debt in Europe, its first bond deal there since early 2024. That followed July transactions by FedEx Corp. and PepsiCo Inc., which both returned to the euro market for the first time since 2021. These aren’t isolated. As of now, U.S. companies have raised €116.3 billion (roughly $134 billion) in Europe. That’s just €4.4 billion short of a full-year record, with five months still left in 2025. Companies target ECB’s lower rates while Fed holds back Some firms, like FedEx and PepsiCo, are refinancing maturing euro bonds. But overall issuance is higher because of one thing: the European Central Bank is already cutting rates, while the Federal Reserve hasn’t lowered a single one since December. “From an issuer’s point of view, it’s less expensive to borrow in euros,” said Gordon Shannon, portfolio manager at TwentyFour Asset Management. The interest rate outlook in the U.S. has turned blurry. Job growth slowed sharply over the last three months, and the unemployment rate climbed, giving the Fed more space to start easing. U.S. Treasury yields dropped slightly after the labor data came out Friday, but they’re still near early July levels. That’s not enough of a dip to change the fact: Europe remains the cheaper place to borrow. For companies that hedge currency risk, this cost advantage might narrow soon, but right now, the savings are real. Foreign investors drop U.S. bonds as tariff tensions grow Hans Mikkelsen, U.S. credit strategist at TD Securities, said the trend is likely to stick around. With President Trump’s White House announcing new tariffs just this week, foreign investors have another reason to avoid U.S. corporate bonds. “There will be less demand for U.S. corporate bonds and more demand for non-U.S. corporate bonds,” Hans said. “U.S. companies will have the same issuance needs. So they have to realize that they have to fund themselves more in other currencies.” The shift isn’t just one-sided. In July, U.S. companies issued $9 billion of euro debt, way above the average $3 billion for the month in the past three years. At the same time, European companies only borrowed a little over $2 billion in U.S. dollars, down sharply from their usual $13 billion monthly average. That imbalance is part of why U.S. dollar bond sales missed expectations in July. Wall Street dealers had forecast $100 billion in sales. Actual volume came in closer to $81 billion, Bloomberg data shows. That miss is directly tied to the rush into Europe and the pullback from overseas borrowers in the U.S. market. Still, the shift is helping U.S. bond valuations stay strong. For much of the past week, spreads on high-grade U.S. corporate bonds were at their tightest level of 2025, just 0.76 percentage points as of Thursday. That’s despite the pressures from economic uncertainty and foreign investor fatigue. The picture becomes clearer when looking at the overall supply. “If you take this overarching trend of net supply being down, banks issuing less because of regulatory reform expectations as was the case this past quarter and more U.S. companies are issuing in Europe, all that does is further reinforce the positive technicals in the U.S. market,” said John Servidea, global co-head of investment-grade finance at JPMorgan Chase & Co. So far, every factor, from rate policy to global tariffs, is pushing American companies to turn to Europe for cheaper funding. Whether they’re refinancing old debt or meeting new funding needs, the euro bond market is where the money is right now. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Crimes involving cryptocurrency are worryingly on the rise, becoming ever more aggressive and, as in this case, quite shocking. Regardless of whether alleged or not, this is the harsh reality we are currently facing in this day and age. Pleading Not Guilty According to a story from Fox News, two culprits are accused of torturing an Italian millionaire in his apartment in New York, reportedly over a stash of $100 million in Bitcoin, and one of them was released after spending two months in the Rikers Island prison. The discharged is John Woeltz, 37, on the condition of a $1 million parole, with the release coming a week after a Manhattan judge granted bond for him and an alleged accomplice, William Duplessie, aged 33. Both have pleaded not guilty, and the latter has remained in custody. The duo is accused of kidnapping and tormenting Italian crypto trader Michael Valentino Teofrasto Carturan. The defense attorneys on the case stated that the alleged torture very closely resembled a “fraternity-like rite of passage.” Woeltz’s attorney, Wayne Gosnell, noted the following in a previous hearing: “Mr. Carturan was there in the role of a pledge, he was essentially being hazed.” The alleged torturer, who was released and is also involved in cryptocurrency trading, evaded questions about whether he actually carried out the claims against him, and how he felt to be freed from custody as he was walking out of the Supreme Court building in Manhattan. As a condition to his release, the sum of which, reportedly, was a combination of cash and property put up by his father, he is subject to home arrest with an electronic monitoring bracelet. He will only be allowed to leave the premises of his home for doctor’s appointments, meetings with lawyers, or in the event of an emergency. Violent and Graphic Prosecutors stated in court that the duo kidnapped Carturan and tortured him for over three weeks, supposedly relieving him of his phone and passport. The attorneys further note that both Duplessie and Woeltz reportedly had a manifesto prepared with how they plan to steal the prisoners’ cryptocurrency. “Informant further states that the defendant and unapprehended male demanded that Informant provide the defendant with Informant’s wallet password so that the defendant and unapprehended male could take Informant’s Bitcoin,” a criminal complaint states. When the victim refused to provide the password to his crypto holdings, the two detainees allegedly subjected him to “physical beatings, in addition to, but not excluding, using electric shock, lacerating his head with blunt force from a firearm, and pointing said firearm at the Informant’s head several times. Further, the captive was dragged to the top of a flight of stairs, hanged over the ledge, and threatened with losing his life.” The authorities further added that there were threats against the 28-year-old hostage’s family in Italy, while he was, supposedly, humiliated by having people urinate on him and by Woeltz forcing him to take drugs. Both defendants are due to appear in court on October 15th. The post Alleged Bitcoin Torture Suspect Freed on $1M Bail After 2 Months in Custody appeared first on CryptoPotato .
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The Bitcoin network mining difficulty reached an all-time high (ATH) of 127.6 trillion this week, representing increased competition for miners. The record may prove short-lived, however, as the difficulty is projected to decrease by around 3% to 123.7 trillion in the next adjustment on August 9, CoinWarz statistics indicate. This change in difficulty is in quick alignment with the average block time at 10 minutes and 20 seconds, slightly higher than the protocol target of 10 minutes. Why Mining Difficulty is Important Mining difficulty determines how difficult it is for the miners to come up with a valid hash for the next Bitcoin block. It is reset every 2,016 blocks to ensure new blocks around every 10 minutes regardless of the network’s amount of computing power (hashrate). A rising difficulty can strangle miner profitability, especially if Bitcoin’s price does not increase alongside. Conversely, a decline in difficulty gives miners temporary respite since rewards become easier to obtain with the same hardware. Hashrate and Difficulty: A Balancing Act Hashrate — i.e., aggregate computing power keeping the Bitcoin network secure — is strongly correlated with difficulty. When additional miners join, difficulty increases to maintain block time consistency. Difficulty decreases when miners leave in order to avoid production slowdown. After its drop to 116.9 trillion in early July, the difficulty kept moving along in late July, consistent with rising hashrate levels. Stock-to-Flow and Bitcoin’s Scarcity The stock-to-flow ratio of Bitcoin lies at its core. Bitcoin, with 94% of all BTC having been mined, enjoys a stock-to-flow ratio of approximately 120, which is twice gold with its ratio of 60. Scarcity through controlled issuance is the antidote to price volatility caused by oversupply. Difficulty adjustment mechanism ensures price inelasticity to production, a feature that makes Bitcoin structurally different from most commodities. Conclusion While the Bitcoin mining difficulty lately hit a record high, the projected August dip gives miners temporary respite. In the long term, the adjustment mechanism remains central to sustaining the fixed issuance schedule of Bitcoin, upholding its scarcity, and enhancing its store of value status as a deflationary digital currency.
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Cryptocurrency intelligence platform Arkham has uncovered the largest Bitcoin theft in history, which has never been publicly disclosed. Arkham's analysis of on-chain data revealed that 127,426 BTC were stolen from a China-based mining pool called LuBian in December 2020. This amount was worth approximately $3.5 billion at the time, and its current value is approximately $14.5 billion. LuBian was a large mining pool with facilities in China and Iran that controlled approximately 6% of the global Bitcoin network as of 2020. However, it appears to have lost more than 90% of its BTC holdings in the attack that occurred on December 28, 2020. In the following days, approximately $6 million worth of BTC and USDT was stolen from a LuBian address active on the Bitcoin Omni layer on December 29. On December 31, LuBian moved his remaining assets to recovery wallets. Related News: Market Prophet Tom Lee Shares His Bullish Prediction on Ethereum (ETH) Price Neither LuBian nor the hacker has publicly acknowledged the incident to date, so Arkham's research marks the first documented case of this massive attack. Following the attack, LuBian sent OP_RETURN messages to the hacker addresses, demanding the return of the stolen BTC. These messages were transmitted in 1,516 separate transactions, totaling 1.4 BTC. Experts believe this intensive effort undermines claims that another hacker obtained the private keys through brute-force. Research indicates that LuBian used weak algorithms in private key generation, which may have paved the way for the attack. LuBian managed to preserve the remaining 11,886 BTC (currently worth approximately $1.35 billion) from the attack. However, the 127,426 stolen BTC remain under the hacker's control. The last movement of these wallets was recorded as a consolidation transaction in July 2024. The LuBian attack, with a volume of $3.5 billion at the time of the transfer, became the largest cryptocurrency theft ever recorded. Today, the attacker holds $14.5 billion in BTC, making him the 13th largest Bitcoin holder in the world, according to Arkham data, ahead of even the Mt. Gox hacker. *This is not investment advice. Continue Reading: BREAKING: The Largest Bitcoin Hack Ever, Unreported to the Public, Has Been Revealed – Unbelievable Figures Are Being Discussed
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