Kazakhstan’s Financial Monitoring Agency (AFM) and National Security Committee (KNB) have uncovered an illegal crypto mining scheme that siphoned more than $16 million worth of electricity to mining farms. Kazakhstan Agencies Clamp Down On Illegal Crypto Mining According to a statement released today, Kazakh financial and law enforcement authorities dismantled a large-scale operation in East Kazakhstan Oblast that illegally sold electricity to mining companies. The AFM and KNB said the stolen power could have supplied the needs of a small city in the region. Notably, employees of local utility providers had been illegally selling electricity to mining companies over the past two years. This energy was originally intended for the local population, social facilities, and enterprises of strategic importance. The crypto miners used over 50 megawatt-hours to mint digital coins during the period. The AFM noted that this level of energy consumption was comparable to that of a city with 50 to 70,000 residents. The miners consumed more than 50 megawatt-hours (MWh) of power during this period. The AFM said that this was comparable to the energy usage of a city with 50,000 to 70,000 inhabitants. Under Kazakhstan’s current laws, mining farms can purchase electricity only from a state-run platform operated by the Ministry of Energy. They are also limited to buying no more than one MWh at a time. Authorities estimate that over nine billion Kazakhstani tenge (approximately $16.5 million) worth of power was illegally supplied to the mining operations. The AFM revealed: The organizers used the criminal proceeds to purchase two apartments in the capital and four vehicles, which were seized with a court order for potential confiscation. Following China’s blanket ban on all crypto-related activities – including Bitcoin (BTC) mining – Kazakhstan emerged as a major hub for mining. While initially welcoming the industry, the country later faced rolling blackouts and grid breakdowns, prompting the government to impose tighter regulations on the sector. Crypto Mining In The Region Kazakhstan’s crackdown on crypto mining firms illegally using power is not an isolated case. Across the region, illegal mining operations have drawn increasing scrutiny from multiple governments. For instance, Russia recently warned that it will crack down hard on anyone mining digital assets without the necessary permissions. The country also recently introduced a national registry for cryptocurrency mining hardware. Elsewhere, France’s far-right Rassemblement National party recently announced plans to repurpose unused nuclear power for BTC mining, signaling a different approach to the energy demands of the industry. At press time, BTC trades at $120,260, up 1.3% in the past 24 hours.
Solana, Cardano, and XRP quietly pulled in $40M+ last week.
Social Network Zora has seen its native token, ZORA, record a massive rally following a spike in user activity and recent key integrations, leading some investors to suggest that momentum will continue. Related Reading: Ethereum Bullish Fundamentals Clash With Short-Term Leverage Risks ZORA Hits New Highs On Monday, the native token of the decentralized social network Zora jumped nearly 50% to hit a new all-time high (ATH) of $0.145. The platform allows users to make social media posts into tradable tokens by automatically minting them, with over 2.06 million tokens created since its launch, according to Dune data. In April, the team launched its native ZORA token, airdropping 10% of the supply to early users. The launch received a negative response due to concerns of an unfair allocation and potential centralization. As the price nosedived within hours, some users considered the airdrop was “the biggest disaster with Scroll and Zksync” and the “biggest SCAM in 2025 so far.” Despite the initial backlash, the token has seen a remarkable performance since July, surging 1,573% in the monthly timeframe to hit a market capitalization of $438.9 million. Notably, its ongoing rally has been driven by numerous factors, including crucial integrations and large holders increasing their balances. Since mid-July, users can mint their tokens using the Zora platform without leaving the Base App, making it more accessible and convenient for investors. Following the integration, Base overtook Solana in terms of tokens launched. Moreover, Binance announced the launch of the ZORA/USDT perpetual futures trading pair with up to 50x leverage on July 25, a week after the Base App integration. The news fueled the token’s rally to its previous high of $0.09 on July 27. New Leading Launchpad? As noted by Base’s lead developer, Jesse Pollak, Zora led in tokens created by launchpads on Base and Solana last month, accounting for more token launches than leading Solana platforms Pump.fun and LetsBonk. The massive momentum was momentarily halted by the start-of-August pullback, which saw ZORA drop 50% from the July highs. Nonetheless, the token and the platform have seen a significant recovery over the past week, with its price rallying 128% and token creation activity surging nearly 27% since August 4. On August 10, the platform saw the largest token issuance since July 31, according to Dune data, with 47,743 tokens from 21,052 unique creators, seemingly driving ZORA’s Monday price breakout. ‘Onchain Culture’ Gets Momentum A week before ZORA’s launch, Coinbase’s Layer-2 (L2) Network, Base, faced backlash over rug-pull allegations after it promoted an unofficial memecoin that crashed by over 90%. As reported by NewsBTC, Base’s official X account posted an image with the text “Base is for everyone” and a link to Zora with the caption “Coined it,” sparking a speculative frenzy among the crypto community. Base explained that they had posted on Zora because they believe everyone should bring content on-chain and use the tools that make it possible. “Memes. Moments. Culture. If we want the future to be onchain, we have to be willing to experiment in public. (…) We’re going to keep bringing culture onchain,” the Base team argued. Related Reading: Ethereum Surpasses MasterCard In Asset Rankings, Bullish Targets Set Following Zora’s recent rally, market watcher Ansem highlighted that “Zora is currently the newest thing with the most momentum,” suggesting that “innovation will happen on base/abstract/megaeth/lighter & others,” instead of on the Ethereum mainnet. Featured Image from Unsplash.com, Chart from TradingView.com
David Bailey, a key advisor to Donald Trump, is set to purchase approximately 6,400 BTC, totaling $762 million, using a strategic trading approach. Bailey aims to execute the purchase using
BitcoinWorld DeFi Specialist Role: JD.com’s Bold Move Unlocking E-commerce Crypto Future A fascinating development is unfolding in the world of digital commerce and blockchain. JD.com, China’s second-largest e-commerce powerhouse, recently posted a job opening for a DeFi specialist . This isn’t just any job; it signals a significant stride into the decentralized finance realm, potentially reshaping how we view online payments and financial services. This strategic hiring reflects JD.com’s ambitious plans to integrate advanced blockchain capabilities into its vast operations, moving beyond traditional retail into innovative financial solutions. What Does a JD.com DeFi Specialist Do? The job description for this pioneering role at JD.com highlights a strong demand for expertise in various cutting-edge areas of decentralized finance . The ideal candidate would possess a deep understanding of: Decentralized Exchanges (DEXs): Platforms allowing peer-to-peer cryptocurrency trading without intermediaries, crucial for efficient asset exchange. Lending Protocols: Systems for borrowing and lending digital assets directly between users, opening new avenues for liquidity. Derivatives: Financial contracts whose value is derived from an underlying asset, like cryptocurrencies, enabling complex financial strategies. Token Economics: The design and incentive structures of digital tokens within a blockchain ecosystem, vital for sustainable project growth. Essentially, JD.com is seeking someone to navigate the complexities of DeFi, aiming to integrate these innovative financial tools into their vast e-commerce operations. This strategic move positions JD.com DeFi initiatives not just as a retail giant, but as a potential leader in the future of financial technology, bridging traditional commerce with the dynamic world of blockchain. Why Is JD.com Eyeing Stablecoin Hong Kong Opportunities Now? The timing of this job posting is particularly noteworthy. It appeared just days after Hong Kong’s new stablecoin licensing rules came into effect on August 1. This regulatory clarity provides a more defined pathway for companies looking to issue or operate with stablecoins in the region. JD.com’s interest in a DeFi specialist directly aligns with its reported preparations for a Stablecoin Hong Kong license application. This suggests a strategic move to leverage the emerging regulatory framework, potentially allowing JD.com to issue its own stablecoin or integrate existing ones into its payment ecosystem. Such an integration could offer significant benefits, including faster, cheaper, and more transparent transactions for its massive user base. This is a crucial step in enhancing the overall e-commerce crypto experience, making digital assets more accessible for everyday transactions. How Will This Impact E-commerce Crypto and Beyond? JD.com’s ambition extends beyond simply hiring a DeFi specialist . The job posting itself hints at a grander “payment finance vision.” This vision aims to combine traditional payment methods with programmable financial services. Imagine a future where your online purchases could automatically trigger a micro-loan, or where loyalty points are instantly converted into a stablecoin for further use. This broader strategy is designed to redefine the landscape of e-commerce crypto . This initiative could revolutionize how consumers interact with their money and how businesses manage transactions. By embracing decentralized finance , JD.com could unlock new revenue streams, reduce operational costs, and offer unprecedented financial flexibility to its users. It’s a bold step towards a more integrated and efficient digital economy, blurring the lines between retail and finance and setting a precedent for global innovation in the space. The Future of Digital Commerce and Finance JD.com’s search for a DeFi specialist is more than just a recruitment drive; it’s a clear signal of the growing convergence between traditional e-commerce and the innovative world of blockchain. By exploring decentralized exchanges, lending, derivatives, and token economics, JD.com is positioning itself at the forefront of a financial revolution. This strategic move, especially in light of Hong Kong’s new stablecoin regulations, could set a precedent for other global retail giants. It highlights the immense potential of integrating programmable financial services into everyday commerce, promising a future where digital transactions are faster, cheaper, and more versatile for everyone. Frequently Asked Questions (FAQs) Q1: What is a DeFi specialist, and why is JD.com hiring one? A DeFi specialist possesses expertise in decentralized finance, including DEXs, lending, derivatives, and token economics. JD.com is hiring one to integrate these advanced blockchain financial services into its e-commerce platform, aiming to innovate payments and financial offerings. Q2: How do Hong Kong’s stablecoin rules relate to JD.com’s move? Hong Kong’s new stablecoin licensing rules provide regulatory clarity. JD.com’s hiring of a DeFi specialist aligns with its reported preparations for a Stablecoin Hong Kong license application, indicating a strategic move to leverage these new regulations for its financial services. Q3: What benefits could JD.com gain from embracing decentralized finance? By embracing decentralized finance , JD.com could unlock new revenue streams, reduce operational costs through efficient transactions, and offer enhanced financial flexibility to its users. It could also lead to faster, cheaper, and more transparent payment options. Q4: Will this impact the broader e-commerce crypto landscape? Absolutely. JD.com’s move could set a significant precedent for other global retail giants, encouraging them to explore similar integrations of blockchain and e-commerce crypto solutions. This could accelerate the adoption of digital assets in mainstream commerce. Q5: What is JD.com’s “payment finance vision”? JD.com’s “payment finance vision” aims to combine traditional payment methods with programmable financial services. This could involve innovative uses of stablecoins and DeFi protocols to create more versatile and integrated financial experiences for its customers, blurring the lines between retail and finance. If you found this article insightful, consider sharing it with your network! Your shares help us bring more valuable insights into the evolving world of cryptocurrency and blockchain technology. To learn more about the latest DeFi trends , explore our article on key developments shaping the digital economy and its institutional adoption. This post DeFi Specialist Role: JD.com’s Bold Move Unlocking E-commerce Crypto Future first appeared on BitcoinWorld and is written by Editorial Team
US President Donald Trump's crypto advisor, David Bailey, is planning a huge Bitcoin purchase through Nakamoto Inc, targeting around 6,400 BTC this week.
The long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has officially concluded, according to a new SEC document. A post referenced the SEC’s Litigation Release No. 26369, dated August 7, 2025, which confirmed that the Commission had reached a joint stipulation with Ripple Labs, along with executives Bradley Garlinghouse and Christian A. Larsen, to dismiss all pending appeals. According to the SEC’s statement, the stipulation covers both the Commission’s appeal and Ripple’s cross-appeal in the United States Court of Appeals for the Second Circuit. These appeals stemmed from the final judgment issued by the U.S. District Court in the Southern District of New York, which had imposed a $125,035,150 civil penalty on Ripple . The judgment also included an injunction prohibiting the company from violating the registration provisions of the Securities Act of 1933. JUST IN: THE RIPPLE CASE HAS FINALLY CONCLUDED, AS ANNOUNCED BY THE SEC IN A RECENT LITIGATION RELEASE! #XRP https://t.co/bCdVzn3OGq pic.twitter.com/OL3QrwabV4 — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) August 11, 2025 We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 With the dismissal of the appeals , the district court’s final judgment remains in place. This means Ripple will be required to comply with the civil penalty and the injunction as previously determined. The SEC described this step as the conclusion of its civil enforcement action against Ripple Labs and its two executives, marking the end of nearly five years of litigation that began in December 2020. Market Response Following Amelie’s announcement, reactions on X varied, with some users commenting on the market’s immediate response to the news. An X user, Nipping Pre-Problems, remarked that the asset’s price had dropped by 5 percent. However, data from CoinMarketCap shows that XRP has declined by 1.31 percent in the past 24 hours and is currently trading at $3.13. The conclusion of the case brings closure to one of the most closely watched legal disputes in the cryptocurrency sector. While the final judgment leaves Ripple with significant financial and compliance obligations, it also removes the uncertainty of ongoing litigation, potentially allowing the company to move forward with its operations without the cloud of pending appeals. In light of the SEC not indicating any further legal actions related to the case, this development marks the official end of a case that has influenced both regulatory discourse and investor sentiment in the digital asset market since 2020. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. The post SEC Case Against Ripple and XRP Officially Concluded In a Recent Litigation Release appeared first on Times Tabloid .
Max Keiser warns of a potential Bitcoin correction due to leveraged derivatives as Pierre Rochard claims the traditional four-year cycles are ending. Pierre Rochard asserts that Bitcoin’s four-year cycles have
Although we’ve grown accustomed to seeing bull runs in crypto, the current rally feels extra special – because it’s driven not just by price action, but by a wave of groundbreaking pro-crypto developments happening outside the charts. Over the past month alone, the U.S. has unleashed a barrage of policy announcements, including: 401(k) Crypto Access Expansion : New rules allowing retirement savers to allocate a portion of their 401(k) plans to crypto assets, effectively democratizing access to digital assets for millions of Americans. Project Crypto : Announced by the SEC Chair, this ambitious initiative aims to position the United States as the crypto capital of the world by streamlining regulations and fostering innovation. The GENIUS Act : A landmark bill designed to boost blockchain adoption across sectors by funding research, incentivizing crypto-friendly startups, and creating clearer tax frameworks for digital assets. And it’s not just policy. Institutions are buying up Bitcoin and Ethereum at a record pace, while market analysts seem to be in a competition to outdo each other with bullish predictions. Now, while it’s relatively easy to pinpoint why crypto could thrive over the next year, five years, or even decade, identifying the next cryptos to explode is an entirely different ballgame. That’s why we turned to Gemini, Google’s homegrown AI chatbot with access to Google Search and cutting-edge analytical and narrative-building skills. This gives it the brainpower to digest the latest market developments, filter through the noise, and zero in on the best altcoins to buy right now . Keep reading to discover Gemini’s top picks, along with how each of them is uniquely positioned to deliver outsized gains in the months ahead. 1. Bitcoin Hyper ($HYPER) – Bitcoin Layer 2 for High Speeds, Low Fees, and Enhanced Programmability Bitcoin Hyper ($HYPER) is a new cryptocurrency project aiming to tackle Bitcoin’s long-standing issues of slow speeds, high costs, and limited programmability, bringing its blockchain performance up to modern standards. Currently, Bitcoin’s base layer can process a grand total of just 7 transactions per second (TPS), while Solana can handle up to 3,000 TPS. Moreover, Bitcoin isn’t well-suited for DeFi or other decentralized applications, as it lacks native smart contract capabilities. Thanks to $HYPER’s Solana Virtual Machine (SVM) integration, though, Solana’s lightning-fast transaction speeds, ultra-low fees, and full Web3 compatibility are now coming to Bitcoin. Simply put, the SVM allows Bitcoin Hyper to run Solana-compatible smart contracts and dApps directly on its Layer 2, unlocking high-speed DeFi trading, NFTs, gaming, lending, staking, DAO governance, and other Web3 use cases on the Bitcoin network. But how do you interact with this Web3 environment if Layer 1 $BTC isn’t compatible with Layer 2? This is where $HYPER’s decentralized, non-custodial canonical bridge comes in. It lets you seamlessly convert your original $BTC into ‘wrapped’ Layer 2-compatible $BTC, unlocking entry into the Bitcoin Hyper ecosystem. It’s worth noting that the bridge will also convert your wrapped tokens back into native $BTC whenever you choose. All you have to do is raise a withdrawal request on Layer 2. According to our Bitcoin Hyper price prediction , the token could surge by up to 2,400% by the end of 2025, potentially hitting $0.32. Here’s how to buy $HYPER now for just $0.01265 and join one of this year’s hottest crypto presales, which has already attracted an eye-popping $8.5M in early investor funding. Visit Bitcoin Hyper for more information. 2. Best Wallet Token ($BEST) – Powering One of the Best Non-Custodial Crypto Wallets Best Wallet Token ($BEST) is the horsepower behind Best Wallet, a free crypto wallet that’s setting new benchmarks for usability while offering foolproof security through self-custody and other advanced features. As a self-custodial crypto wallet, Best Wallet gives you complete control over your private keys, ensuring only you can access your funds. Say goodbye to nosy third parties! Moreover, Best Wallet also integrates advanced encryption, multi-factor authentication, and safeguards against hacks, scams, and phishing websites, offering a comprehensive security suite. One of its biggest standouts, though, is the Presale Aggregator, which allows you to buy new meme coins on presale from directly within the app, i.e., without having to visit any external sites. Speaking of ease of use, it also lets you set up a new wallet in under 60 seconds, seamlessly exchange tokens across multiple blockchains, and even create separate wallets for different goals, like trading, HODLing, or staking. Want in? Buy Best Wallet Token ($BEST) , which could potentially make you a chunky 180% in gains over just the next few months, as it’s predicted to hit $0.072 by year-end . In addition to generous staking rewards (currently yielding 92%), holding $BEST also unlocks a bunch of exclusive perks, including: Reduced trading and fees Early access to tokens in the Presale Aggregator Governance rights The project has already amassed more than $14.6M in presale funding, with 1 $BEST currently available at a low price of $0.025475. Learn all about $BEST by visiting its presale website. 3. XRP ($XRP) – Payments-Based Crypto Gearing up for Another Rally Gemini rounded off its list of suggestions with a listed, proven performer that looks primed for another explosive rally in the coming weeks. Enter XRP ($XRP). One of the biggest positives for $XRP heading into August is the official end of its long-standing legal battle with the SEC , which wrapped up on August 7 when both parties filed a joint stipulation of dismissal with the U.S. Court of Appeals for the Second Circuit. Additionally, growing anticipation over a potential XRP ETF approval is adding more momentum to the rally. According to the prediction market Polymarket, the odds now sit at 81% . An ETF would make it far easier for traditional investors to gain exposure to $XRP through regulated markets, potentially unlocking a surge of fresh capital. And there are plenty of technical positives, too. For instance, on the 4-hour chart, the token is bouncing off the 0.5-0.618 Fibonacci retracement zone, which is a key area that often signals the continuation of bullish momentum. Meanwhile, on the all-important daily chart, $XRP’s price remains above short-term EMAs such as the 10, 20, and 50, another classic indicator that buyers are still firmly in control. $XRP is currently trading around $3.15 , and based on the trading patterns outlined above, it could climb up around 8% (a conservative prediction) in its current rally, potentially setting the stage for a push toward new all-time highs. Conclusion All in all, asking Gemini for its help in crafting a crypto portfolio proved to be a smart move. The AI chatbot delivered a solid mix of low-priced, high-upside tokens like Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST) , along with established performers with strong momentum, such as XRP ($XRP). That said, kindly remember that the crypto market is highly volatile, and investments in it carry risks. Also, this article is not financial advice, and you must always do your own research before investing.
Mutuum Finance (MUTM) is demonstrating remarkable early traction. Currently priced at $0.035 in Phase 6 of its presale, the token has already increased 250% from its initial offering price of $0.01. Investors have contributed $14,300,000 so far, securing over 670 million tokens. More than 15,100 holders are now in the Mutuum Finance (MUTM) project. Phase 6 is progressing rapidly and selling out quickly. This opportunity to acquire tokens at $0.035 is swiftly diminishing. The subsequent phase, Phase 7, will commence shortly, featuring a 14.3% price hike to $0.04 per token. Mutuum Finance (MUTM) will ultimately launch at $0.06. Buyers participating now potentially achieve a 400% return after the token becomes publicly available. This momentum positions Mutuum Finance (MUTM) as a notable crypto to buy now. Ethereum’s meteoric ascent mirrors MUTM’s potential trajectory Ethereum established a legendary precedent for crypto investment growth during its formative years. Back in 2017, Ethereum traded near $8 per token early in the year. Consequently, its value experienced an extraordinary surge. By December 2017, Ethereum reached an astonishing peak price exceeding $1,400. This phenomenal climb represented a gain surpassing 17,000% within a single calendar year. Such explosive growth delivered immense returns for early participants. Mutuum Finance (MUTM) currently exhibits similar foundational strength and market positioning. Analysts consequently project that Mutuum Finance (MUTM) could emulate Ethereum’s historic price trajectory. Specifically, they forecast Mutuum Finance (MUTM) ascending to $15 by the year 2028. This projection implies substantial long-term gains for current investors seeking the best crypto to buy now. Mutuum Finance core utility drives value Mutuum Finance (MUTM) functions as the essential fuel for its pioneering decentralized lending ecosystem. The platform uniquely integrates dual lending mechanisms: Peer-to-Contract (P2C) and Peer-to-Peer (P2P). P2C lending provides its users with predictable returns of approximately 12% APY by tokenizing blue-chip assets into mtTokens. Conversely, P2P lending enables direct user-to-user agreements, which have the potential of generating more returns, including 33% APY on some assets, including FLOKI. This two-pronged model serves a wide range of risk appetites in the crypto market. Moreover, Mutuum Finance is based on a very efficient Layer-2 blockchain. This integration will lower transaction fees to an extreme and increase processing speeds to a great extent. Lower costs and faster transactions enhance accessibility, fostering wider adoption and increased token utilization. Consequently, the inherent utility creates consistent demand for MUTM tokens, underpinning its long-term value proposition as a prime crypto to buy. Robust security and community initiatives underpin confidence Mutuum Finance prioritizes platform safety and user trust above all else. The project recently finalized a comprehensive security audit conducted by CertiK, a leading blockchain security firm. CertiK’s rigorous assessment awarded Mutuum Finance (MUTM) an impressive security score of 95.00. Crucially, the audit uncovered no vulnerabilities within the scrutinized smart contracts. Moreover, Mutuum Finance has launched its official Bug Bounty Program in collaboration with CertiK. A substantial reward pool of $50,000 USDT is allocated for this initiative. Rewards are stratified across four tiers – critical, major, minor, and low, ensuring all vulnerability levels receive appropriate compensation. Additionally, Mutuum Finance is running a major giveaway event. Participants stand to win a share of $100,000 in MUTM tokens, distributed among ten fortunate winners, each receiving $10,000. Eligibility requires completing specific quests and a minimum $50 investment during the presale. A new dashboard also features a leaderboard tracking the top 50 token holders. These leading participants will earn bonus token rewards for maintaining their positions, encouraging long-term holding. Looking ahead Mutuum Finance (MUTM) combines tangible utility with strong security and escalating presale demand, echoing the early promise seen in major crypto assets. Its structured path towards $15 by 2028 reflects calculated potential. Explore the Mutuum Finance (MUTM) presale immediately before Phase 6 concludes and the price advances. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post MUTM price projection: following Ethereum's early growth curve to $15 by 2028 appeared first on Invezz