Blockchain analytics platform Arkham Intelligence has revealed a staggering discovery: Chinese Bitcoin mining pool LuBian was hacked in December 2020 for 127,426 BTC—worth approximately $3.5 billion at the time. With Bitcoin prices now significantly higher, the stolen funds are valued at over $14.5 billion, making this the largest crypto hack in history. According to Arkham, the attack took place on December 28, 2020, but remained unreported for years. LuBian, which had risen to become the sixth-largest Bitcoin mining pool at the time, lost nearly 90% of its holdings before it could move the remaining 11,886 BTC to recovery wallets. The hacker and the pool both chose not to make the theft public, and the stolen assets remained hidden on-chain until the latest analysis uncovered the breach. LuBian Hack: Private Key Vulnerability A key detail that may have led to the successful hack lies in LuBian’s flawed private key generation method. Arkham suggests that LuBian was likely using an insecure algorithm vulnerable to brute-force attacks. This kind of weakness in cryptographic key generation can be fatal in the world of decentralized finance, where there are no intermediaries to recover stolen assets. In a remarkable attempt to communicate with the thief, LuBian reportedly sent 1,516 messages via OP_RETURN—an on-chain method for embedding text into Bitcoin transactions—directly to the hacker’s wallet addresses. This cost LuBian an additional 1.4 BTC, showcasing their desperation to perhaps negotiate or recover funds. The revelation casts a spotlight on the critical importance of secure key management. With Bitcoin’s supply fixed and prices soaring, the stakes are higher than ever. Experts emphasize using only secure, entropy-rich random number generators when creating private keys, as even a single weak link can expose massive amounts of funds. String of High-Profile Heists Underscores Ongoing Risks While LuBian’s hack is now the largest in crypto history, it joins a troubling trend of major security breaches in the sector. In February 2025, crypto exchange ByBit was compromised for $1.5 billion , then regarded as the largest known crypto theft. That incident was traced back to a SafeWallet developer’s compromised device, allowing hackers to exploit AWS credentials without detection. Just two months later, an individual lost $330 million in Bitcoin through a social engineering scam . The attacker laundered funds through 300 different wallets, and only a fraction—$7 million—was frozen in time. The post 2020 LuBian Hack Quietly Becomes Biggest Crypto Theft in History appeared first on TheCoinrise.com .
Spot Bitcoin ETFs recorded $812.25 million in net outflows on Friday, marking the second-largest single-day exodus in the history of these products. Key Takeaways: Bitcoin ETFs saw $812M in outflows on Friday, marking the second-largest single-day loss on record. Ether ETFs ended a 20-day inflow streak with $152M in redemptions. Institutional appetite for Ethereum appears to be growing, with corporate treasuries now holding 2.73 million ETH. The sudden reversal wiped out a week’s worth of inflows and cut cumulative net gains to $54.18 billion. Total assets under management (AUM) across Bitcoin ETFs dropped to $146.48 billion, equivalent to 6.46% of the cryptocurrency’s total market capitalization, according to data from SoSoValue . Fidelity and ARK Lead Bitcoin ETF Outflows With Over $659M Pulled Fidelity’s FBTC saw the largest drawdown, with $331.42 million in redemptions, followed closely by ARK Invest’s ARKB, which lost $327.93 million. Grayscale’s GBTC also recorded significant outflows of $66.79 million, while BlackRock’s IBIT posted a relatively modest $2.58 million loss. Despite the capital flight, trading activity remained robust. Total volume across all spot Bitcoin ETFs hit $6.13 billion, with IBIT alone accounting for $4.54 billion, suggesting that institutional interest hasn’t fully evaporated. Meanwhile, spot Ether ETFs broke their 20-day inflow streak, their longest to date, logging $152.26 million in net outflows on the same day. The total AUM for Ether ETFs now stands at $20.11 billion, or 4.70% of Ethereum’s market capitalization. Grayscale’s ETHE led the outflows with $47.68 million in redemptions, followed by Bitwise’s ETHW with $40.30 million and Fidelity’s FETH with $6.17 million. BlackRock’s ETHA remained unchanged, holding firm at $10.71 billion. Overall trading volume across Ether ETFs reached $2.26 billion, with Grayscale’s product contributing nearly $289 million of that total. The Bitcoin ETFs had $812M worth of outflows yesterday. The 2nd largest outflow day in history. Should we be worried? pic.twitter.com/YdiPolJODE — Mister Crypto (@misterrcrypto) August 3, 2025 Just weeks ago, Ether ETFs were setting records. On July 16, they pulled in $726.74 million in net inflows , the largest daily total since their inception, followed by $602.02 million the next day, reflecting a surge in demand. Part of that momentum appears to be fueled by rising institutional interest in Ethereum as a strategic treasury asset. Last week, Ether Machine, backed by several high-profile industry investors including Pantera Capital and Kraken, announced purchasing 15,000 ETH as part of its long-term treasury strategy. Likewise, BitMine Immersion Technologies recently acquired $2 billion worth of ETH over a 16-day span, making it the largest corporate holder of Ethereum. In total, corporate treasuries now hold 2.73 million ETH, representing 2.26% of the asset’s circulating supply, according to Strategic Ether Reserves. 95% Approval Chance for Spot Solana, XRP ETFS As reported, Bloomberg’s senior ETF analysts have assigned a 95% chance that the SEC will approve spot ETFs for Solana, XRP, and Litecoin this year, raising their previous odds from 90% amid growing optimism for institutional crypto products. They also expect a crypto index ETF tracking multiple assets could gain approval as early as this week, signaling broader access to altcoins for traditional investors. Beyond ETFs, institutional Bitcoin demand is spreading into corporate treasuries. As reported, Singapore-headquartered edtech firm Genius Group has doubled its Bitcoin holdings to 200 BTC after acquiring 20 BTC last week, part of a wider strategy to build a 10,000-BTC treasury. The post Bitcoin ETFs Bleed $812M as Ether ETFs Break 20-Day Inflow Streak appeared first on Cryptonews .
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Shiba Inu's billions in volume is not as great as you'd expect
Cryptocurrency markets are always filled with excitement as new opportunities and developments arise. Recently, the focus has shifted to two major players, XRP and Solana, and a newcomer, XYZVerse, which is creating buzz for its innovative approach and potential high returns. An Overview of XRP and Its Market Dynamics XRP, known for its quick transaction capabilities, continues to intrigue investors with its potential for widespread adoption. Its efficiency in processing cross-border payments has positioned it as a favorable alternative to traditional banking transactions. The network's design, which facilitates fast and cost-effective transactions, makes it an attractive option for real-time financial operations worldwide. Solana's Consistent Performance in the Market Solana's architecture offers high throughput and low transaction costs, characteristics that make it appealing in an environment where speed and efficiency are paramount. The blockchain's ability to maintain these attributes under scale has led to increased adoption, particularly among developers looking to deploy decentralized apps without the constraints of slower networks like Ethereum. The future growth of Solana is much anticipated, with analysts predicting significant price increases in the coming years. The Emergence of XYZVerse and Its Market Potential The cryptocurrency community is abuzz with the potential of XYZVerse, a new entrant that is catching the eyes of investors and enthusiasts alike. Unlike traditional cryptocurrencies, XYZVerse integrates the thrill of sports with the dynamics of digital currency, creating a unique niche for itself. This fresh approach has earned it accolades such as the Best New Meme Project . The project not only taps into the enthusiasm of sports fans but also promises substantial growth through a well-mapped out development and expansion plan. The community around XYZVerse is driven by a shared passion for sports and investment, fueling its rapid rise and increasing its appeal to potential investors looking for the next big thing in crypto. As XYZVerse progresses through its presale phases, excitement continues to mount. The project's initial offering was met with promising enthusiasm, quickly moving through early pricing stages and attracting significant investment. Join $XYZ Presale Now and See Your Pennies Grow Into Millions! Conclusion Whether it is the rapid transaction capabilities of XRP, the scalable solutions of Solana, or the unique market positioning of XYZVerse, each of these cryptocurrencies presents a unique set of attributes that make them noteworthy. As the market continues to evolve, these coins have the potential to shape the future landscape of digital currency. For more information on XYZVerse, you can visit https://xyzverse.io/ , https://t.me/xyzverse , and https://x.com/xyz_verse . Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Bitcoin’s network just got a lot tougher to mine while its price took a hit. According to data from CoinWarz, mining difficulty climbed to a record 127.6 trillion this week. At the same time, Bitcoin fell by 3%, touching an intraday low of $113,005 before edging back to $113,250 by 7:30 pm ET. Related Reading: XRP ETF Approval Incoming? Analyst Eyes September-October Window Mining Difficulty Hits All-Time High Based on analysis, difficulty will drop by roughly 3% on August 9, bringing it down to nearly 124 trillion. That adjustment follows a routine cycle every 2,016 blocks, or about two weeks, where the protocol tweaks how hard it is to mine a block. Difficulty makes sure blocks come out at a pace the system can handle. The challenge is tied to how much computing power, or hashrate, miners pour into the network. When more machines join, difficulty goes up. When some stop hashing, it comes down. In June, the difficulty slid to a low of 117 trillion, but it bounced back in late July and has been climbing since. At the moment, blocks are taking about 10 minutes and 20 seconds each on average, a bit slower than the 10-minute goal. When times drift too far off, the next adjustment nudges difficulty up or down to reel block times back toward 10 minutes. Miners Feel The Squeeze Higher difficulty means miners need more energy and better gear just to break even. With Bitcoin’s price under pressure, some older or less efficient operations could face real losses. Reports have disclosed that only the sharpest setups will likely stay in business if this pairing of high difficulty and low prices lasts. Mining firms track their costs closely. If electricity, hardware and maintenance bills outpace what they earn from block rewards, they may have to switch off rigs. The upcoming 3% ease in difficulty might let a few marginal players stick around a bit longer. Still, margins will be thin until the next major price move. Related Reading: No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst Price Tumbles And Recovers Slightly Based on data, Bitcoin slipped to $113,005—a 3% drop—before finding some buying at lower levels. By early evening, it had rebounded to $113,250. That quick swing highlights how mining and market moves feed off each other. When hopes of easier mining fade, price can wobble. When price dips, miners feel squeezed and may power down, which in turn can lead to easier difficulty again. Featured image from Pexels, chart from TradingView
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As the digital currency ecosystem evolves, Chainlink emerges as a quiet frontrunner among crypto oracles, which are essential for enabling smart contracts to interact seamlessly with external data. This crucial function has made Chainlink a key player in the blockchain arena, particularly in the context of Decentralized Finance (DeFi). Here, we also explore the strategic approaches undertaken by Outset PR , a crypto PR agency renowned for its robust performance-driven strategies that not only enhance visibility but also ensure sustained relevance in the fast-paced crypto market. Understanding Chainlink's Market Dynamics Chainlink's performance, depicted in this chart from TradingView , illustrates significant growth potential as oracles become more relevant in today's digital economy. Historically, during bull markets, Chainlink has demonstrated robust growth, making it an attractive asset for crypto enthusiasts and investors alike. The Strategic Edge of Outset PR Outset PR is not your average PR agency; it specializes in crafting customized PR solutions that resonate with targeted audiences. By leveraging proprietary technologies and media analytics, they ensure that every PR campaign delivers measurable and impactful results. Proprietary Techniques for Enhanced Performance One of the standout features of Outset PR is its in-house user acquisition system, which combines organic editorial placements with advanced SEO and lead-generation tactics, enabling clients to achieve remarkable visibility and traffic growth. The effectiveness of their approach is evident from the results experienced by clients like Crypto exchange ChangeNOW, which saw a sustained 40% boost in reach following a campaign by Outset PR. Learn more about Outset PR's innovative strategies here . Forecasting and Adapting to Media Trends Outset PR's in-house analytics team excels in forecasting media trends, giving them a competitive advantage. Regularly published analytical reports provide insights into performance trends, enabling precise media targeting and strategic planning. For instance, Outset PR's careful media outlet selection helped boost user engagement for Step App significantly in targeted markets like the US and UK. Conclusion: Chainlink and Outset PR Leading the Way As the demand for reliable data in smart contracts increases, Chainlink is poised for further success. Simultaneously, Outset PR continues to elevate the visibility of crypto projects, ensuring they gain the spotlight at critical market junctures. For further details about Outset PR and to follow their updates, visit their website or connect with them on Telegram and X . Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.