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Binance announced that it regularly reviews all of its listed spot trading pairs to protect its users and maintain a high-quality trading market, and that some pairs will be delisted for various reasons, such as lack of liquidity and low trading volume. Binance Delists Two Spot Trading Pairs Following the latest evaluations, Binance announced that the following spot trading pairs will be removed from the platform on August 8, 2025 at 06:00: NKN/BTC STX/BNB Binance emphasized that the removal of these trading pairs will not impact the general availability of the relevant tokens on Binance Spot. Users will be able to continue trading the base and quote assets from these pairs across other trading pairs available on Binance. Additionally, Spot Trading Bots will be discontinued for these pairs on the same date. Binance strongly recommends users update or cancel their bots connected to these trading pairs to avoid potential losses. *This is not investment advice. Continue Reading: Bitcoin Exchange Binance Announces Delisting of Two Altcoin Trading Pairs! Here Are the Details
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Brazil and Indonesia conduct meetings with their local stakeholders, adding themselves to the growing list of countries looking to build their own national Bitcoin ($BTC) reserves. Others include: The United States had around 200,000 Bitcoins in March 2025 Kazakhstan is currently looking to invest in Bitcoin ETFs and blockchain companies Bhutan still held on to $1.4B Bitcoin in reserves as of July 2025 Crypto adoption at the highest levels of power, and globally speaking, means the industry is bigger than ever before. More institutional and retail investors are seeing the appeal. And they’re coming for Bitcoin and altcoins alike. Michaël van de Poppe said August is typically a period of accumulation and dip-buying . And that’s where projects like Bitcoin Hyper ($HYPER) come into play. An innovative Layer-2 for Bitcoin, the presale has already raised over $7.2M and whales are rushing to buy. Brazil, Indonesia Conduct Stakeholder Meetings on Bitcoin Bitcoin Indonesia, Asia’s largest Bitcoin community, revealed via a post on X yesterday that it met with Indonesia’s Vice-President to discuss the country’s potential Bitcoin strategy. During the meeting, community leaders proposed Bitcoin mining as a national reserve strategy. They shared Michael Saylor’s $BTC price prediction for 2045 ($17.6M by 2045), which will coincide with Indonesia’s 100th year of independence. According to Bitcoin Indonesia’s post, the Vice-President was bullish on the ideas they presented. Even during global volatility, Bitcoin can be a save haven of long-term financial stability, they argued. Let’s also not forget that many US investors and institutions are starting to use Bitcoin as a hedge against the impending inflation in the country. While this is still early stage planning from Indonesia, we’re seeing this trend continue grow as more countries explore this strategy. That includes Brazil, which will meet with citizens on August 20 to discuss the establishment of a national strategic Bitcoin reserve. It’s the first-ever crypto public hearing in the country after the introduction of a bill in November 2024. The bill called for the diversification of Brazil’s assets to include Bitcoin and other cryptocurrencies. Several key figures will attend the meeting, including Diego Kolling, CEO of Bitcoin Strategy at Méliuz, and Rudens Sardenberg, Chief Economist at the Brazilian Federation of Banks. This shows crypto is receiving attention from the highest levels of authority in Brazil. And this can only increase hopes for crypto-positive legislation in Brazil in the near future. With so many countries gunning for Bitcoin and crypto, we foresee a bigger influx of investors looking for investment opportunities. Bitcoin Hyper ($HYPER) is one project that might ride the hype wave due to its unique utility promises. Let’s discuss it below. Bitcoin Hyper: Delivering the Next Phase of the Bitcoin Ecosystem While there’s no toppling Bitcoin’s status as the number one cryptocurrency, the blockchain is currently plagued with issues that hinder its growth. These include slow transaction speeds (7 transactions per second), high fees, and limited scalability. These are understandable, though, since $BTC is the first of its kind, but it’s also true that a lot has changed in the crypto landscape since its launch in 2009. And modern times require modern solutions, as they way. The Bitcoin blockchain is arguably behind the times, especially given its lack of support for dApps and smart contracts. This is where Bitcoin Hyper ($HYPER) comes in. It’s a project aiming to develop a Bitcoin Layer 2 that will add Solana-level speeds, low transaction fees, and expanded capabilities to the Bitcoin ecosystem. Some of these include support for GameFi, marketplaces, DAOs, and even NFT infrastructures (aside from dApps and smart contracts). The project has gained a lot of traction since its token presale began in May, and has already raised over $7.2M, making it one of the best presales of 2025. To support Bitcoin Hyper, you can buy its native $HYPER tokens via its official website . Each one only costs $0.01255, which makes this one of the best low cap coins in August. Alternatively, you can stake your tokens for 148% APY. When combined with our Bitcoin Hyper price prediction at $0.32 (+2,450%) for the end of 2025, the profit potential is quite high. For more information on how you can buy and/or stake your $HYPER tokens, be sure to read our Bitcoin Hyper buying guide . National Bitcoin Reserve: Coming Soon To a Country Near You? With Brazil and Indonesia beginning to explore national Bitcoin reserves, it’s safe to say that this trend will spread like wildfire in the coming years. Thanks to the US government spearheading this initiative, there’s even more pressure for other countries to adapt or risk getting left behind. Bullish news about Bitcoin’s future is naturally beneficial to Bitcoin Hyper ($HYPER) and other related projects too. That’s because they’ll help pave the way for the world’s most valuable crypto to become more important than ever before. Remember to do your own research before you invest. This is not investment advice.
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Indonesia is actively exploring the idea of adopting Bitcoin as a strategic reserve asset , a move that could mark a significant shift in the country’s approach to digital currencies. Representatives from Bitcoin Indonesia recently met with officials from the Vice President’s office to present a proposal outlining how Bitcoin could contribute to long-term economic growth. In a statement shared on X, Bitcoin Indonesia revealed that their presentation focused on leveraging Bitcoin mining as part of a national reserve strategy. “Yes, seriously. [The country] is looking into how Bitcoin could fuel long-term economic strength,” the group emphasized. Their pitch included potential uses of the country’s rich hydroelectric and geothermal resources to power Bitcoin mining, with the aim of driving job creation and technological advancement. Indonesia, home to over 280 million people and the world’s 16th largest economy, is uniquely positioned to explore such innovations. While the country has maintained a conservative stance on cryptocurrency payments, its openness to reserve diversification suggests a complex but evolving policy landscape. Bitcoin’s Role in Mining and Education During the presentation, Bitcoin Indonesia also discussed the broader implications of embracing Bitcoin, including education and public awareness. A notable highlight was the inclusion of a long-term price prediction by MicroStrategy co-founder Michael Saylor, who forecasts Bitcoin reaching $13 million by 2045 in a base scenario — and potentially as high as $49 million under bullish conditions. Bitcoin Indonesia emphasized the need for education initiatives to ensure widespread understanding and adoption, a point reportedly supported by Vice President Gibran Rakabuming Raka’s office. Though the country’s macroeconomic indicators, such as a relatively low debt-to-GDP ratio of 39% and stable inflation of 0.76% (as of January 2025), don’t present the same urgency as in other nations adopting Bitcoin for economic hedging, the proposal reflects growing interest in future-proofing economic reserves. Crypto Taxes Raised in Indonesia In contrast to the pro-Bitcoin reserve strategy, Indonesia’s Finance Ministry recently imposed higher taxes on cryptocurrency activities. Income tax on crypto sales more than doubled — from 0.1% to 0.21% for local exchanges, and from 0.2% to 1% for foreign platforms. Additionally, value-added tax on mining has also risen sharply from 1.1% to 2.2%. While the country has banned crypto payments since 2017, enforcement remains loose. In tourist-heavy areas like Bali, several businesses continue to accept Bitcoin, especially in real estate transactions. The post Indonesia Explores Bitcoin as a National Reserve Asset, Despite Crypto Tax Hike appeared first on TheCoinrise.com .
Pump.fun tries to stay afloat and retain its leading position by focusing on community tokens. After the platform presented its best picks of community memes, TROLL rose to an all-time peak. Pump.fun shifted its focus from raw token creation to boosting community tokens. The platform assigns special status to some of its memes, allowing them to have a share of revenues. Pump.fun posted a banner with its most prominent tokens, causing one of the first community memes to go vertical and reach an all-time peak. new banner who dis? pic.twitter.com/V0YOO7kmHd — pump.fun (@pumpdotfun) August 5, 2025 A new special class is emerging, aiming to repeat the success of the first wave of community tokens. Pump.fun has added a short list of ‘CTO’ tokens, standing for Community Takeover. CTO tokens enjoy a higher social media profile and better curation, leading to more sustainable levels of activity. CTO tokens emerged as trench memes, but are aiming to retain activity where most tokens are abandoned within 30 days. A CTO may also happen following the initial sell-off from developers, giving the tokens a second chance. In the case of Pump.fun , tokens are recognized as official CTO, gaining additional exposure. TROLL was one of the recently recognized tokens, leading to its current record trading activity. TROLL rallies to all-time high After the recognition of TROLL as a CTO token, the asset started its rally from $0.02. Within days, TROLL increased its mindshare by over 234%, based on Messari’s tracking . TROLL has been building positions since May, with some inflows of smart money, but only had its breakout in the past week. TROLL rallied to $0.17 after months of preparation and accumulation, as Pump.fun granted the project official CTO status. | Source: CoinGecko . TROLL has the advantage of a KuCoin listing, though most of the activity is still happening on the native PumpSwap DEX, as well as Meteora. The token is liquid enough, with the top trader realizing $1.3M in gains. However, TROLL is not being crashed to zero, as one of the top whales still bought near the top. TROLL is now the third-largest token in the Pump.fun ecosystem, almost catching up with Peanut the Squirrel (PNUT). The token still has a $220M market capitalization, relatively low for memes. A new turnover is happening in the Pump.fun token ecosystem , introducing a new list of tokens with the potential to rise in the charts. Pump.fun burns PUMP tokens to boost price Pump.fun has not sent out SOL to exchanges in a few weeks, instead accumulating the fees for a buyback and reward program. To date, Pump.fun has repurchased PUMP for 139,759 SOL, valued at over $23M. In the past few weeks, this helped PUMP inch up from its lows of $0.002 to $0.0034, following a boost from Bybit trading activity. For now, PUMP is still being sold by whales, as it retains a long list of early backers. Some early buyers are even selling at a loss to recoup some liquidity. Pump.fun aims to rebuild its reputation as the leading platform, as it recently recovered its top spot in terms of new tokens created. In the past 24 hours, Pump.fun deployed 15,031 tokens, while LetsBonk.fun stalled at 12,236 tokens. Other contenders are launching a few hundred tokens, with Bags Tokens achieving 2,569 token launches. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
BitcoinWorld Indian Authorities Deliver Crucial Blow: $4.8M Asset Freeze in Fake Coinbase Scam The digital world, while offering incredible opportunities, also harbors significant risks. A recent development from India serves as a stark reminder of this reality: Indian authorities have taken decisive action against a major fraudulent operation. They successfully executed a substantial asset freeze , targeting an individual behind a sophisticated Coinbase scam that defrauded countless users of their valuable crypto assets . This move underscores the growing vigilance of global regulators in combating digital financial crimes. What Led to This Crucial Asset Freeze by Indian Authorities? India’s Enforcement Directorate (ED) recently announced a significant breakthrough. In an official press release, the ED confirmed the freezing of approximately $4.8 million in assets. These assets belonged to Chirag Tomar, identified as the mastermind behind a deceptive fake Coinbase website, along with his family members and associated entities. The ED conducted seizures of multiple properties and bank accounts located in Delhi. These actions were carried out under the provisions of the country’s Prevention of Money-Laundering Act (PMLA). This legislation empowers authorities to target ill-gotten gains from criminal activities, including those involving digital currencies. This aggressive enforcement highlights the determination of Indian authorities to tackle financial fraud head-on, especially when it involves the complex world of cryptocurrency. Unmasking the Massive Fake Coinbase Scam Chirag Tomar’s operation was not a small-scale endeavor. Reports indicate that he managed to steal an astonishing estimated $20 million in crypto assets over a period spanning from mid-2021 to late 2023. His method was deceptively simple yet highly effective: creating a fraudulent website that mimicked the legitimate Coinbase platform. Scammers often use such tactics, known as phishing, to trick users into divulging their login credentials or directly transferring funds. Victims, believing they were interacting with a trusted exchange, unknowingly handed over their digital wealth. This specific Coinbase scam demonstrates the pervasive nature of online fraud and the constant need for user vigilance. How Does the Prevention of Money-Laundering Act (PMLA) Combat Crypto Crimes? The Prevention of Money-Laundering Act (PMLA) is a powerful legal tool in India, designed to prevent and control money laundering . In this case, it allowed the ED to trace and freeze assets acquired through the illegal proceeds of the Coinbase scam . The act enables authorities to: Investigate suspected cases of money laundering. Attach or freeze properties derived from criminal activity. Prosecute individuals involved in such illicit financial flows. The successful asset freeze against Tomar and his associates sends a strong message: illicit gains, even those in cryptocurrency, are not beyond the reach of the law. This case serves as a crucial example of how traditional financial laws are being adapted to address the challenges posed by digital currencies and their potential misuse for money laundering . Safeguarding Your Crypto Assets: Lessons from This Case This incident offers vital lessons for anyone involved in the cryptocurrency space. Protecting your crypto assets requires proactive steps and a healthy dose of skepticism. Here are some actionable insights: Verify Website Authenticity: Always double-check the URL of any cryptocurrency exchange or wallet you use. Scammers often use slight misspellings or different domain extensions. Enable Two-Factor Authentication (2FA): This adds an extra layer of security, making it harder for unauthorized users to access your accounts even if they have your password. Be Wary of Unsolicited Communications: Legitimate exchanges rarely ask for personal information or private keys via email or text messages. Educate Yourself: Stay informed about common scam tactics, phishing attempts, and social engineering tricks used by fraudsters. The vigilance of Indian authorities is commendable, but individual responsibility remains paramount in the decentralized world of crypto. A Resounding Message Against Crypto Fraud The freezing of $4.8 million in assets by Indian authorities linked to the fake Coinbase scam is a significant victory in the ongoing fight against cryptocurrency fraud. It demonstrates the increasing capability of law enforcement to track and recover illicitly obtained crypto assets , even across complex digital trails. This action not only brings justice closer for the victims of the scam but also serves as a powerful deterrent to other potential fraudsters engaged in money laundering schemes. As the crypto landscape evolves, so too do the methods of protection and enforcement, ensuring a safer environment for legitimate participants. Frequently Asked Questions (FAQs) What is the “fake Coinbase scam” mentioned in the article? The fake Coinbase scam involved Chirag Tomar creating a fraudulent website designed to look exactly like the legitimate Coinbase cryptocurrency exchange. This tricked users into entering their credentials or sending their crypto assets directly to the scammer. Who is Chirag Tomar, and what was his role? Chirag Tomar is the individual identified by India’s Enforcement Directorate (ED) as the mastermind behind the fake Coinbase website. He is accused of stealing approximately $20 million in crypto assets through this elaborate scheme. What is the Prevention of Money-Laundering Act (PMLA)? The PMLA is an Indian law that empowers authorities like the Enforcement Directorate to investigate, attach, and freeze properties derived from criminal activities, including those involving money laundering and financial fraud like the crypto assets stolen in this case. How much in assets did Indian authorities freeze? Indian authorities, specifically the Enforcement Directorate, froze approximately $4.8 million in assets belonging to Chirag Tomar, his family members, and associated entities as part of their investigation into the fake Coinbase scam. How can I protect my crypto assets from similar scams? To protect your crypto assets, always verify website URLs, enable two-factor authentication (2FA) on your accounts, be suspicious of unsolicited communications asking for personal details, and continuously educate yourself on common scam tactics. Does this action by Indian authorities mean all stolen crypto assets will be recovered? While the freezing of $4.8 million is a significant step, it represents a portion of the estimated $20 million stolen. Recovery of all stolen crypto assets can be complex and depends on various factors, including the traceability of funds and the legal process. Did you find this article informative? Share it with your friends and on social media to help raise awareness about cryptocurrency scams and the efforts to combat them! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Indian Authorities Deliver Crucial Blow: $4.8M Asset Freeze in Fake Coinbase Scam first appeared on BitcoinWorld and is written by Editorial Team
China’s security agency warned that biometric data collection by crypto firms, including iris scans, may endanger personal privacy and be exploited for espionage.
Base network released a detailed postmortem revealing that its August 5 outage lasted 33 minutes, not the initially reported 19 minutes, caused by a failed sequencer handover in the network’s high-availability cluster. The Coinbase-backed Ethereum Layer 2 blockchain experienced a block production halt from 6:07 UTC to 6:40 UTC when an automated system called Conductor failed to transfer control between sequencer instances properly. Automated Failover System Backfires During High Activity Period The incident began when the active sequencer fell behind due to on-chain activity, triggering Conductor’s automated handoff to a backup sequencer. However, the new sequencer was still being provisioned and couldn’t produce blocks, while Conductor wasn’t fully enabled on the replacement system to initiate another handoff. Base’s monitoring systems detected the issue at 6:09 UTC, leading to a formal incident declaration by 6:12 UTC. @base network suffers 19-minute block production halt before recovery as token creation surge overtakes Solana with 54,000 daily launches testing infrastructure limits. #Base #Solana https://t.co/e3CJPMQE1m — Cryptonews.com (@cryptonews) August 5, 2025 The team manually paused Conductor and transferred leadership to a healthy sequencer, taking several minutes to ensure no blockchain reorganization occurred during the recovery process. The outage impacted deposits, withdrawals, block production, and Flashblocks functionality during Base’s unprecedented growth period. The network recently overtook Solana in daily token launches, reaching 54,000 new tokens on July 27, driven by creator coin integration through Zora and Farcaster platforms. Simple Breakdown: When the Traffic Controller Failed Think of Base network like a busy highway system where sequencers are traffic controllers managing the flow of transactions. Source: Mirror To prevent problems, Base operates multiple traffic controllers in a backup system managed by a supervisor called Conductor. When the main traffic controller started falling behind due to heavy traffic, Conductor automatically tried to switch to a backup controller. However, the backup controller wasn’t ready for duty yet and couldn’t manage traffic properly. Typically, if a backup controller can’t handle the job, Conductor would quickly switch to another one. But in this case, Conductor itself wasn’t properly installed on the backup system, so it couldn’t make another switch automatically. This left Base’s highway without a functioning traffic controller for 33 minutes, preventing all transactions from processing. The technical team had to manually step in, pause the automatic system, and carefully switch control to a working traffic controller. The manual process took extra time because engineers needed to ensure switching controllers wouldn’t cause any transactions to be lost or duplicated. Once they confirmed everything was safe, they successfully restored normal operations. Infrastructure Challenges Plague Growing Blockchain Networks Base’s outage joins a pattern of infrastructure failures across major blockchain networks as they scale to accommodate mainstream adoption. Recent incidents included Sui’s hour-long crash , TON’s six-hour disruption during DOGS token demand, and Solana’s repeated five-hour outages throughout 2024. It can be said that the traffic controller failed due to a large volume of traffic, coinciding with Base’s explosive growth in creator economy applications, where social posts automatically generate tradable tokens. Daily token launches surged from 6,649 on July 1 to approximately 50,000 by month-end, with 1.6 million tokens created and nearly 3 million traders participating. Source: Dune Analytics Base’s institutional adoption has also accelerated with JPMorgan’s JPMD digital deposit token launch and Shopify’s USDC payment integration across 34 countries. In fact, with the network’s Flashblocks upgrade, block times have been reduced from 2 seconds to 200 milliseconds, processing international transactions under $0.01. This has allowed Base’s creator economy to generate substantial trading volume through automatic token minting from social content. The network has expanded from 6,649 daily token launches to 50,000 within a month. The ZORA token, for instance, achieved $200 million market cap while notable creator coins reached valuations exceeding $485 million. However, security challenges accompanied this rapid growth, including the $2.5 million Arcadia Finance hack on July 15 through smart contract vulnerabilities. As a result, Coinbase responded with a $5 million bug bounty program targeting Base network components. Looking forward, Base has renounced its dedication to infrastructure improvements, ensuring sequencers can consistently perform well even during peak hours. The network will release updates to enhance testing and deploy fixes to strengthen automated system robustness and prevent similar handover failures. The post Base Network Releases 33-Minute Outage Report, Said Caused by Sequencer Handover Failure appeared first on Cryptonews .