Saturday, September 6, 2025

Crypto

A Bitcoin address holding over $50 million recently moved a significant amount of its holdings, transferring around 80 Bitcoins worth $8.9 million to new addresses. This movement comes as several large crypto holders have made transactions, sparking interest among experts who believe these "whales" can help stabilize market prices.

The Federal Reserve Board is hosting a conference on October 21 to discuss payments innovation and improve safety and efficiency in the system. Experts will gather to explore stablecoin use cases, artificial intelligence, and tokenization, aiming to enhance the payments landscape. The event will be livestreamed for public participation.

The SEC is facing criticism over the loss of text messages from former Chair Gary Gensler's official mobile device during the FTX collapse. The Inspector General's report blames preventable errors for wiping these messages, including those sent between July 6 and September 6, 2023, which overlapped with FTX's bankruptcy declaration.

The WLFI controversy highlights tensions between decentralization and control in the cryptocurrency space. Justin Sun's secret token sales have led to a sharp decline in price, with some accusing him of market manipulation and others defending his actions as necessary to protect the community from exploitation.

World Liberty Financial has blacklisted Justin Sun's wallet, freezing approximately 3 billion WLFI tokens worth nearly $900 million. The move intensifies scrutiny of WLFI's governance and Sun's role, given his significant investment and influence. Regulators may also examine Sun's legal disputes and WLFI's ties to U.S. political figures over the incident.

Sora Ventures, a Taiwan-based venture capital firm, aims to raise $1 billion for its Bitcoin treasuries in Asia. Backed by $200 million from partners and investors, the fund will support existing firms and create new treasuries globally, aiming to equal Western markets in institutional adoption of Bitcoin in Asia.

The Ethereum Foundation plans to sell 10,000 ETH through centralized exchanges, with proceeds supporting research and development, ecosystem funding, and donations. This follows new treasury policies that cap annual expenses at 15% and establish a reserve buffer. The sale aims to maintain financial stability while funding initiatives for companies like SharpLink Gaming.

Álvaro Romillo, a Spanish businessman known as "Criptospain," was robbed at his Madrid home by five assailants who forced him to transfer €1.2 million worth of cryptocurrencies. The incident is linked to corruption allegations against Luis 'Alvise' Pérez, a Member of the European Parliament accused of involvement in a pyramid scheme and Romillo's previous questionable transactions.

Qubic's AI model, AIGarth, has been released on social media, but its performance is underwhelming, particularly with basic math problems like 1+1 and 1+2. Founder Sergey Ivancheglo defends AIGarth by explaining it uses "intelligence" rather than memory, similar to how humans solve math problems.