According to Foresight News, a hacker who stole $81.5 million from Orbit Chain in early 2024 has recently transferred 4,320 ETH, valued at $18.81 million, through Tornado Cash. After the theft, the hacker converted most of the stolen funds into ETH at a price of $2,301 per coin. Since then, the value of ETH has doubled. The hacker has laundered a total of 17,242 ETH, worth $66.35 million, through Tornado Cash. The remaining assets, which have not yet been moved, are valued at $61.6 million. The total value of the assets has increased by $46.5 million since the initial theft. Currently, the hacker's address holds 9,511 ETH, valued at $41.6 million, along with 20 million DAI.

According to Foresight News, Hong Kong Legislative Council member Ng Kit Chuang has announced that the city is actively working towards becoming an international digital asset center. He emphasized the importance of balancing innovation with compliance for businesses and expressed confidence that the integration of capital markets with the digital asset industry will bring new momentum to the market. Ng highlighted the potential of DePIN, which combines blockchain with the physical economy, to transform traditional industries such as IoT, energy, and transportation. He noted that Web3 applications are a significant direction for development, with numerous overseas exhibitors at Cyberport developing projects and technologies that integrate Web3 with real-world applications. This is expected to open up new opportunities in the market.

Authorities dismantle VerifTools, a major platform selling fake IDs for cryptocurrency, in joint U. S. -Dutch operation. source: https://coincu.com/358961-law-enforcement-seizes-veriftools-marketplace

According to PANews, Ethereum co-founder Joseph Lubin expressed agreement with Bitmine Chairman Tom Lee's perspective on the X platform, stating that Wall Street will engage in ETH staking due to their current infrastructure costs. Lubin highlighted that Ethereum is poised to replace numerous isolated stacks operated by financial giants like JPMorgan Chase, which manages multiple isolated stacks from its acquisitions over the years. He emphasized the need for Wall Street to fully understand Ethereum's rules, as the financial landscape is evolving. Lubin suggested that traditional financial companies must adapt to decentralized operations, which involves staking, running validators, operating L2/L3 solutions, participating in DeFi, and developing smart contract software for protocols, processes, and financial tools. For JPMorgan Chase, this transition is expected to be relatively smooth, given their exploration and use of Ethereum technology to build private blockchain networks since 2014-2015. Many other financial institutions also possess extensive Ethereum experience. Lubin predicted that ETH's price could potentially increase by 100 times or more, with Ethereum/ETH set to disrupt Bitcoin/BTC's monetary foundation.

According to PANews, the NFT market witnessed a decrease in trading volume over the past week, dropping by 8.53% to $129.6 million, as reported by Crypto.news. Despite the decline in trading volume, the number of NFT buyers increased by 18.06% to 541,831, while sellers grew by 17.05% to 385,179. Additionally, the number of NFT transactions rose by 11.96%, reaching 1,814,788. In terms of network-specific trading volumes, Ethereum recorded $54.5 million, marking an 8.24% decrease from the previous week. Polygon's trading volume increased by 16.12% to $18.9 million. BNB Chain experienced a significant drop of 34.77%, with a trading volume of $13.4 million. Mythos Chain saw a rise of 4.71%, reaching $10.2 million, while Bitcoin's trading volume fell by 30.28% to $7.7 million. High-value transactions during the week included several CryptoPunks sales: CryptoPunks #4619 sold for 96 ETH ($446,764), CryptoPunks #2400 for 73.5 ETH ($324,076), CryptoPunks #5273 for 65 ETH ($283,399), CryptoPunks #1721 for 60 ETH ($274,171), and CryptoPunks #6373 for 55 ETH ($261,046).

According to BlockBeats On-chain Detection, a newly created wallet has received 230,420 SOL tokens, valued at $46.36 million, from a centralized exchange (CEX). The wallet subsequently staked the SOL tokens.

Historically, September has carried a reputation for losses across both traditional finance and crypto, sparking fears that 2025 may deliver […] The post Why September Could Be Brutal for Bitcoin Investors appeared first on Coindoo. source: https://coindoo.com/why-september-could-be-brutal-for-bitcoin-investors/

So long as XRP remains above $2. 74 and $2. 6, the bearish situation would be salvageable. source: https://ambcrypto.com/decoding-why-xrp-could-drop-to-2-4-if-this-support-fails/

According to PANews, a Florida man, previously sentenced to 47 years in prison for orchestrating a series of violent home invasions targeting cryptocurrency holders, has received an additional six-year sentence. The U.S. Department of Justice reported that the new sentence was imposed last week due to the man's assault on a witness. The original conviction occurred in September of last year.

US and Dutch law enforcement shut down VerifTools, a major fake ID marketplace operating with cryptocurrency. source: https://coincu.com/358958-fake-id-marketplace-shutdown

Industry leaders such as Eric Trump, CZ, Arthur Hayes, and the founder of Uniswap shared their views on the current and future of the crypto market at conferences in Tokyo and Hong Kong from August 25th to August 29th.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry trends.

On August 27, at the Hong Kong Crypto Finance Forum held at the University of Hong Kong, CZ's speech was blunt and explicit, criticizing Hong Kong's Web3 policies.

Berkshire Hathaway's second-quarter holdings have been made public. The overall structure remains unchanged, with a still-high 52.74% in cash and only 47.26% in stocks.

Pantera Partners: Why Will the Crypto VC Landscape in 2025 Be Different Than Previous Cycles? Golden Finance: M&A Transactions Surge in 2025, Accelerating Industry Consolidation and Maturity.

Eleven years ago, on August 28, 2014, a cryptographer named Hal Finney passed away.

Whatever the outcome, the precedent has been set: the U.S. government is no longer just a regulator of high technology; it is becoming an active market participant.

A report from Capital Economics suggests that the valuation premium investors are currently paying for U.S. stocks is largely justified.

BTC, market, crypto market, "Hell September" is coming: Bitcoin is facing its cruelest month. Golden Finance, looking back at the entire August, the cryptocurrency market was once in a frenzy.

Golden Finance has launched the 2801st issue of "Golden Morning 8", a morning newspaper for the cryptocurrency and blockchain industry, providing you with the latest and fastest digital currency and blockchain industry news.