Monday, September 8, 2025

Crypto

Metaplanet has added 136 new Bitcoins to its treasury, increasing holdings to 20,136 BTC worth approximately $2 billion. The move aims to offset recent stock losses and bolster its accumulation strategy. To reach its target of 30,000 BTC by year-end, Metaplanet plans to acquire nearly 9,864 more Bitcoins and issue new shares overseas to raise funds.

The US Federal Reserve's expected monetary easing is boosting optimism in the crypto market, with Standard Chartered doubling its forecast of Fed rate cuts to 50 basis points at the September policy meeting. This could benefit cryptocurrencies like Bitcoin as lower interest rates steepen the yield curve and reduce borrowing costs.

El Salvador's Bitcoin holdings have surpassed $700 million, exceeding its total after purchasing 21 new Bitcoins on its fourth anniversary of adopting Bitcoin as legal tender. This move has sparked criticism from economists and the IMF, but El Salvador continues to promote its Bitcoin agenda through education initiatives and a new Investment Banking Law.

Bitcoin's price remains below $112,000 despite expectations of a potential Federal Reserve rate cut due to a weak U.S. jobs report, which revealed only 22,000 job additions in August. The Fed's rate cut bets have increased, but Bitcoin's price may be influenced by factors such as inflation stickiness and fiscal largesse, not just monetary policy changes.

Bitcoin's network difficulty has hit an all-time high of over 136 trillion, following five consecutive increases since June. Weaker miner revenues have fallen to $51 per unit, the weakest level since June, making profitability challenging. The surge in difficulty and decline in hashprice index ($56.44) have left miners facing mounting pressure to maintain profitability.

A new draft law in Turkey aims to regulate cryptocurrency seizures effectively. The legislation obligates debtors to report their cryptocurrencies to enforcement offices, allowing for seizure through service providers like exchange platforms. It also applies to capital market instruments, requiring stocks traded on Borsa İstanbul to be converted into cash upon confiscation requests.

Grayscale has filed its S-1 document with the SEC to launch a Chainlink ETF, part of its effort to expand its blockchain-focused investment products. This move solidifies Grayscale's presence in the crypto market and marks an important step towards launching the new ETF, expected to be added to its existing portfolio.

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Venus Protocol successfully recovered $11.4 million from a phishing attack that had drained $13.5 million from founder Kuan Sun's account in just 12 hours. The Lazarus Group's sophisticated attack exploited human error and system permissions, but Venus Protocol's Emergency Governance mechanism proved effective in pausing operations and recovering the stolen funds entirely.

Bitcoin's illiquid supply has reached a record high of 14.3 million BTC, a 20,000 BTC increase in just 30 days. Despite a 15% decline from its August high, long-term holders continue to accumulate, with around 72% of the total supply now held by entities such as cold storage investors and long-term holders, showing sustained investor confidence.

A massive supply chain attack, dubbed GhostAction Campaign, compromised 327 GitHub users across 817 repositories on September 5, 2025. Attackers stole over 3,325 secrets, including PyPI and npm tokens, by injecting malicious workflow files into public repositories to exfiltrate sensitive info like AWS access keys and database credentials, posing ongoing supply chain risks.