➡️ US Senators Raise Concerns Over Crypto Integration in Mortgage Underwriting

⚠️ A bold federal initiative to incorporate cryptocurrency assets into mortgage underwriting is facing significant backlash from U.S. lawmakers. They warn that this move could lead to destabilizing shocks in the housing finance system. Senators Jeffrey Merkley, Elizabeth Warren, Chris Van Hollen, Mazie Hirono, and Bernie Sanders expressed their concerns in a letter to Federal Housing Finance Agency (FHFA) Director William Pulte on July 24, 2025. They demanded detailed information regarding Pulte's directive for Fannie Mae and Freddie Mac to consider unconverted cryptocurrency assets in mortgage applications.

⚡️ Pulte's order allows verified cryptocurrency holdings on U.S.-regulated exchanges to be treated as eligible assets for mortgages. The senators requested a comprehensive risk analysis from the FHFA, including the timeline for board approvals and the criteria for assessing cryptocurrencies. They also sought information on internal and external meetings related to this decision, emphasizing the need for measures to prevent conflicts of interest. The letter cautioned that

Expanding underwriting criteria to include the consideration of unconverted cryptocurrency assets could pose risks to the stability of the housing market and the financial system.

⚠️ The lawmakers highlighted potential governance issues, noting Pulte's dual role as FHFA Director and Chair of the Enterprises’ Boards. They pointed out that Pulte's spouse holds up to $2 million in crypto assets and urged the FHFA to clarify whether he has consulted ethics officials regarding this matter. They demanded assurance that any policies affecting crypto asset eligibility undergo thorough oversight.

🔍 While acknowledging the limited scope of the directive, which restricts eligibility to assets on U.S.-regulated centralized exchanges, the senators recognized the FHFA's requirement for independent risk mitigants to be developed by the Enterprises. Proponents of cryptocurrency argue that thoughtful inclusion of digital assets could enhance mortgage access for digitally native borrowers and align lending models with evolving asset portfolios.

📉 XRP's Recent Struggles and Future Prospects

📉 Since July 23, XRP has been trading below $3.40 due to reports of a wallet linked to Ripple’s co-founder dumping millions of tokens. Despite this dip, one expert suggests that improving liquidity and institutional interest could support the digital asset's rally.

➡️ After falling below $3.40, XRP has fluctuated between $3 and $3.13, while other altcoins like ether (ETH) and BNB have seen gains. Nevertheless, XRP remains a strong performer with a 45% increase over the past 30 days and a remarkable 430% surge in the last 12 months. This rise can be attributed to Ripple's legal victories against the U.S. Securities and Exchange Commission (SEC) and a more pro-crypto U.S. government.

♾ However, since reaching a high of $3.64 on July 21, XRP has struggled to maintain its upward trend. Some market observers link this decline to reports that a crypto wallet associated with Ripple co-founder Chris Larsen sold millions of tokens starting around mid-July. Despite these transfers, the wallet still holds over 282 million XRP.

📈 Despite the controversy surrounding the Larsen wallet transfers, some analysts argue that this should not be seen as a bearish signal for XRP. James Toledano, COO at Unity Wallet, believes that the fundamental drivers behind XRP's surge—optimism about a potential XRP exchange-traded fund (ETF) and increasing legal clarity—remain strong. He projects that the rally is likely to continue.

With the SEC maintaining a softened posture, many see a structural step forward for XRP’s legitimacy in U.S. markets,”

Toledano stated. He added that despite recent volatility and significant liquidations, improving liquidity, growing institutional flows, and ETF-driven optimism make a continued rally plausible.

📈 This optimistic view is supported by a Motley Fool report that describes XRP's institutional strategy as compelling and identifies future ETF approval as a potential catalyst for the digital asset. However, the report also warns that until such a catalyst is realized, XRP's timeline is uncertain, and gains from institutional onboarding will be gradual rather than immediate.

💰 Coinbase Reports Record Q2 Profit Amid Crypto Market Gains

📈 Coinbase Global, Inc. (Nasdaq: COIN) announced a remarkable $1.43 billion net profit for Q2 2025, a significant rise from $36 million in the same quarter last year. The cryptocurrency exchange also revealed its bitcoin holdings worth $1.26 billion.

💵 The company's regulatory filing indicated that revenue reached $1.5 billion, driven by $764 million in transaction fees and $656 million from subscriptions and services. Coinbase increased its bitcoin investments during the quarter, with holdings rising from $643 million at the end of 2024. Ethereum investments amounted to $340 million.

🔍 Additionally, Coinbase obtained Europe’s Markets in Crypto-Assets Regulation (MiCA) license during the quarter, enhancing its international compliance framework. However, a security incident in May cost the company $307 million in customer reimbursements and legal expenses.

📊 Despite these challenges, Coinbase reported a $681 million profit for the first half of 2025. Transaction volume grew 5% year-over-year to $237 billion, and assets under management surged 63% to $425 billion, with bitcoin representing 71% of the total. The company held $7.5 billion in cash and $2.2 billion in USDC stablecoins.

⚡️ Coinbase is also in the process of acquiring the crypto derivatives exchange Deribit for $700 million in cash plus 11 million shares, pending regulatory approval. However, the company faces ongoing litigation from the SEC and state securities regulators regarding staking services.

📉 Coinbase noted that its $1.26 billion bitcoin investment could face a $919 million valuation impact from a hypothetical 50% price swing. Executives expect higher technology and administrative expenses in Q3 due to planned headcount growth, while marketing spend is anticipated to remain steady.

🌍 Coinbase’s increasing bitcoin exposure and aggressive M&A strategy suggest it is positioning itself as a key player in institutional crypto finance. Despite regulatory challenges, the company's expanding footprint and rising assets under management indicate a strategic bet on long-term market maturation and global demand for compliant digital asset infrastructure.

📉 XRP Market Analysis: August 3, 2025

📊 On August 3, 2025, XRP traded between $2.85 and $2.88 per coin, experiencing a 2.2% decline over the past 24 hours. The cryptocurrency's market capitalization was $170.83 billion with a 24-hour trading volume of $7.48 billion. The intraday price range was $2.75 to $2.94.

🔄 The 1-hour chart for XRP/USDC shows a gradual reversal pattern forming a rounded bottom after a recent low of $2.727. Increasing buying volume on green candles indicates growing interest from intraday traders. Immediate resistance is between $2.88 and $2.90, while $2.80 serves as short-term support. Scalping strategies may be favorable if the price pulls back into the $2.82–$2.85 zone.

📉 On the 4-hour chart, the pair has entered a corrective phase with lower highs and lower lows. However, a double bottom at $2.727 followed by a breakout near $2.85 suggests a potential shift. Volume spiked during the second bottom formation, indicating possible capitulation and reentry by institutional players. Maintaining support above $2.85 with confirmation volume could reinforce a bullish reversal.

📈 Daily chart analysis shows XRP peaking at $3.664 in July before entering a short-term downtrend. Key support has formed at $2.70, with a recent bounce indicating potential bottoming behavior. A confirmed daily close above $2.90 with follow-through volume could validate a trend reversal.

📊 XRP's oscillators reveal mixed sentiment. The relative strength index (RSI) is at 46.07, indicating neutral momentum. The Stochastic oscillator is also neutral at 9.31. The commodity channel index (CCI) reads −130.59, signaling bullish conditions. However, the moving average convergence divergence (MACD) level of 0.062 indicates a bearish signal.

🟥 A broader look at the moving averages (MAs) points to bearish pressure in the short term and bullish undertones in the long term. All short-term indicators are flashing negative signals, while longer-term indicators reflect bullish signals. This divergence suggests a consolidation phase with a high probability of breakout upon volume confirmation.

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💰 Satsuma Technology PLC Secures £163.6 Million for AI and Bitcoin Initiatives

🚀 London-based Satsuma Technology PLC has successfully raised £163.6 million ($217.65 million) in an oversubscribed second round of secured convertible loan notes, significantly exceeding its minimum £100 million target. The fundraising closed on July 28, 2025, representing a 63.66% oversubscription beyond the initial goal announced on June 24.

💼 Investor backing came from specialist global digital asset funds and exchanges, alongside large institutional equity funds. Several prominent London-based institutional equity funds, collectively managing over £300 billion in assets, also participated in the round. Notably, over half of the funds raised, equivalent to approximately 1,097 bitcoin, were settled directly in the cryptocurrency. The majority of Satsuma’s crypto holdings are managed by its Singapore subsidiary. Key investors included ParaFi Capital, Pantera Capital, Blockchain, Kraken, Arrington Capital, and Digital Currency Group.

🔄 Formerly known as TAO Alpha PLC, Satsuma rebranded in July 2025. The company develops AI-powered subnet ecosystems and participates in the Bittensor (TAO) decentralized AI marketplace. The new capital will fund team expansion, infrastructure enhancement, and increasing bitcoin treasury holdings, managed at prudent risk levels.

📈 CEO Henry K. Elder described the raise as a “landmark validation” of the company’s strategy to combine bitcoin-native treasuries with decentralized AI, calling it the largest fundraise for a London company with a bitcoin treasury.

📈 Cryptocurrency Market Sees Positive Week with Altcoin Surge

🌟 The cryptocurrency market ended the week on a high note, with its total market capitalization briefly exceeding $4 trillion for the second time in two weeks. Altcoins led the charge, many posting double-digit gains, which resulted in Bitcoin's dominance dropping from nearly 62% to 57%.

🚀 Ethereum (ETH) emerged as a top performer, surging over 21% to close at approximately $4,215, a level not seen since December 2021. Some analysts suggest it could surpass its all-time high of $4,878.26, with the most optimistic predicting it might reach $10,000 by year-end. Chainlink (LINK) also had a remarkable week, recording a 33.6% increase and peaking at $21.22 before settling at $21.14.

📊 Other notable gainers included Dogecoin (DOGE) with over 24% growth, XLM rising by 20.4%, and HYPE increasing by 17.3%. The biggest winner was MYX, which skyrocketed by an astonishing 1,439%, followed by TROLL at 273.2% and SOON at 159%.

📉 However, not all digital assets fared well. TON closed 3.2% lower, and XMR experienced a significant drop of 7% amid reports of a potential 51% attack on the Monero network by the Qubic network. This threat has heightened market anxiety and contributed to XMR's sharp decline. Other major losers included Graphite Protocol (GP), VINE, and ULTIMA, which fell by 49.4%, 28.1%, and 20.3% respectively.

⚖️ Do Kwon to Plead Guilty in $40 Billion Crypto Fraud Case

➡️ Do Kwon, the co-founder of Terraform Labs, is set to plead guilty to conspiracy and wire fraud charges in the U.S. These charges are linked to the 2022 collapse of his cryptocurrency projects, which resulted in a loss of approximately $40 billion. A U.S. judge confirmed this decision on Tuesday.

📉 Kwon had previously pleaded not guilty in January to a nine-count indictment that included allegations of securities fraud, wire fraud, commodities fraud, and money laundering conspiracy. Prosecutors claim that Kwon misled investors by falsely asserting that an algorithm maintained the $1 peg of his stablecoin, terrausd (UST), after it depegged in May 2022. He allegedly arranged for millions in token purchases to artificially inflate UST's price.

💰 These misrepresentations reportedly helped boost the value of LUNA, another cryptocurrency associated with Kwon, to $50 billion by spring 2022. In a settlement with the SEC in 2024, Kwon agreed to pay an $80 million civil fine and accepted a ban on crypto transactions.

📈 Ether ETFs Extend Winning Streak Amid Bitcoin Resilience

📊 Ether exchange-traded funds (ETFs) have achieved impressive inflows of $640 million for eight consecutive days, while bitcoin ETFs also saw gains for the seventh day with $231 million, despite significant outflows from major funds. Record trading volumes highlighted the market's intense activity.

Crypto ETF momentum is refusing to cool,

the article states. On August 14, ether ETFs secured $639.61 million, extending their streak, while bitcoin ETFs added $230.93 million despite heavy selling pressure.

💪 Ether ETFs led the way with Blackrock’s ETHA bringing in $519.68 million, followed by Fidelity’s FETH at $56.94 million. Grayscale’s Ether Mini Trust added $60.73 million, and Invesco’s QETH contributed $2.26 million. No ether ETF experienced outflows for the third consecutive day. The total turnover was a massive $4.22 billion, keeping net assets steady at $29.22 billion.

📉 On the bitcoin side, Blackrock’s IBIT was the standout performer, pulling in $523.74 million. Grayscale’s Bitcoin Mini Trust added $7.32 million, but gains were offset by significant exits from Ark 21shares’ ARKB ($149.92 million), Fidelity’s FBTC ($113.47 million), Bitwise’s BITB ($30.87 million), and Vaneck’s HODL ($5.85 million).

Even so, IBIT’s haul was strong enough to keep the day in the green,

the article notes. Trading activity reached a new record at $6.20 billion, although total net assets dipped to $153.43 billion.

🔥 With eight straight days of ETH inflows, record-high volumes, and BTC resilience amidst selling pressure, the ETF race is intensifying rapidly.

🟢 Gemini's IPO Bid Amidst Financial Struggles

💰 Cryptocurrency exchange Gemini, founded by Winklevoss twins in 2014, has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). Despite boasting over $18 billion in assets and 1.5 million users, the company faces significant financial challenges, reporting nearly $160 million in losses by the end of 2024 and approximately $282 million lost as of June 30, 2025.

📉 The twins are optimistic about leveraging the crypto-friendly regulatory environment established during the Trump administration to replicate the success of recent IPOs by Circle and Bullish, which each raised over $1 billion. In their IPO filing, they stated,

We discovered Bitcoin in the Summer of 2012... to build a safe, reliable, and easy-to-use exchange.

📈 If successful, Gemini will trade on Nasdaq under the ticker "GEMI", with Goldman Sachs and Citigroup leading the offering. The proceeds will partially address third-party indebtedness. The Winklevoss twins expressed their excitement about this new chapter, saying,

As we stand here today... we are as excited as we were when we first started Gemini in 2014.

💰 Comparing BGUSD and RWUSD: Yield Products in Crypto

🔍 As crypto investors seek stable yield sources, two products are gaining attention: BGUSD from Bitget and RWUSD from Binance. While both aim to provide passive income on stable assets, they differ significantly in structure, flexibility, and transparency.

🟢 BGUSD was launched by Bitget in May 2025 as a yield-bearing certificate backed by a diversified portfolio of tokenized U.S. Treasury funds. It offers a base APR of 5.0%, credited daily, and is redeemable 1:1 for USDC with fixed fees. BGUSD is integrated within Bitget’s ecosystem, allowing it to be used as collateral for loans and in various programs like Launchpool and PoolX. This integration emphasizes transparency through its reserve-backed structure and audited protocols.

🔄 In contrast, RWUSD is a flexible-term yield product from Binance. Its yield is determined at Binance’s discretion and typically benchmarks to RWA yields, but lacks details about RWA partners and underlying assets. It offers a daily APR of up to 4.2% and is redeemed into USDC at par value. However, RWUSD does not represent ownership of real-world assets.

⚖️ The structural differences are crucial. BGUSD offers composability as a tokenized certificate, allowing it to be traded across platforms and used in various on-chain applications. RWUSD, however, restricts users to the Binance ecosystem and limits visibility into its capital mechanism.

🌟 In a landscape where users seek both yield and agency, BGUSD aims to provide stability, transparency, and capital efficiency. It mitigates crypto volatility through diversified real-world asset backing while supporting flexibility within Bitget’s platform. Its higher yield, broader utility, and transparent structure reflect Bitget’s commitment to user-centric yield tools aligned with decentralized finance principles.

📈 While RWUSD’s visibility shows demand for passive returns, BGUSD illustrates how such products can evolve with clarity and ecosystem utility rather than just fixed returns behind a centralized wall.

🚨 Breaking: VanEck Files JitoSOL ETF After SEC Says Liquid Staking Isn’t a Security 📢

👉 Read more

➡️ Ethereum's Breakout: A New Era for Digital Assets?

🚀 This week, Ethereum (ETH) achieved its first breakout since November 2021, pushing its year-to-date gains to 43% compared to Bitcoin's 23%. The key question now is whether this rally is just the beginning.

📉 At the start of the year, Ethereum traded at 0.036 BTC per coin, but by April and May, it had dropped to 0.019 BTC. However, it has since rebounded to 0.042 BTC. This year has seen a slower momentum for ETH, but several factors have contributed to its recent rise. The most significant is the dwindling supply of ETH on exchanges, which is at its lowest level since July 2016.

📊 Current data shows that centralized exchanges hold only 18.4 million ether, the lowest in over nine years. This decline in exchange reserves indicates reduced selling pressure. Additionally, there has been strong institutional demand driven by exchange-traded funds (ETFs) and publicly listed companies.

➡️ Ethereum ETFs launched later than Bitcoin's, debuting on July 23, 2024. Despite a rocky start, the nine ether ETFs now hold approximately 6.4 million ETH valued at about $30.54 billion, representing over 5% of the circulating supply. Publicly traded companies have also begun accumulating ETH, with 14 companies holding nearly 3 million ETH valued at around $14.29 billion.

📈 As ETFs and corporations accumulate Ethereum, the supply on exchanges continues to shrink, creating tighter availability as demand increases. ETH supporters are optimistic about the asset's future. One user on X stated,

ETH is going to $10,000 this cycle.

Another noted the historic low of ETH on exchanges and suggested that if the supply keeps shrinking while demand rises, reaching $10,000 wouldn't be crazy.

💬 Samir Kerbage, chief investment officer at Hashdex, believes that the growth of stablecoins will support ETH's price. He stated,

As Ethereum and other smart contract platforms provide the infrastructure for many of crypto’s most mature use cases, including stablecoins and tokenization, we anticipate continued strong demand for this emerging asset class.

He added that he expects ETH to surpass $10,000 once stablecoin solutions are implemented for payments within the U.S.

💰 Ether ETFs Surge with $455 Million Inflow, Outpacing Bitcoin

📈 Ether exchange-traded funds (ETFs) experienced a significant inflow of $455 million on Tuesday, marking their fourth consecutive day of gains. In contrast, bitcoin ETFs saw a steady recovery with $88 million in inflows.

Ether ETFs refuse to slow down.

said the report. Blackrock’s ETHA led the way with an impressive inflow of $323.05 million, followed by Fidelity’s FETH at $85.52 million. Grayscale’s Ether Mini Trust added $41.12 million, while its flagship ETHE contributed another $5.31 million. No ether ETF recorded outflows, highlighting the sustained momentum. Total ether ETF trading volume reached $2.72 billion, pushing net assets to $29.89 billion.

📊 Bitcoin ETFs also made gains, albeit on a smaller scale, attracting $88.20 million. The inflows were widely distributed: Blackrock’s IBIT (+$45.34 million), Fidelity’s FBTC (+$14.52 million), and Grayscale’s Bitcoin Mini Trust (+$11.32 million) led the way. Bitwise’s BITB (+$9.05 million), Ark 21shares’ ARKB (+$4.05 million), and Vaneck’s HODL (+$3.92 million) rounded out the positive day. Trading activity reached $3.44 billion, with net assets steady at $143.15 billion.

With ether ETFs outpacing bitcoin inflows by more than 5-to-1, the market narrative continues to tilt toward ether in the near term.

The report concludes by raising the question:

Can Bitcoin catch up before the week is out?

🌐 Accelerating Sovereign AI Development in the UAE

➡️ Gewan Holding, part of Abu Dhabi’s NG9 Holding, has joined forces with Iopn, a leader in decentralized infrastructure, to enhance the development of sovereign artificial intelligence (AI), blockchain, and digital identity solutions in the United Arab Emirates (UAE). This partnership focuses on implementing a sovereign AI stack powered by Nvidia GPUs and supported by Iopn’s proprietary OPN Chain.

🌟 A recent announcement highlighted that this decentralized infrastructure combines high-performance AI computing with a sovereign digital identity layer, facilitating compliant and scalable operations across various sectors including governance, finance, healthcare, and real estate. The OPN Chain also enables real-world asset (RWA) tokenization, biometric authentication, and modern payment systems, thereby enhancing liquidity and regulated access to global capital markets.

💬 Alaa Al Ali, Group CEO of NG9 Holding, stressed the strategic significance of this collaboration, stating,

Our collaboration with IOPn and the launch of Project ATLAS is not just about building technology—it’s about securing sovereignty and enabling the UAE to shape the digital future.

🌍 Project ATLAS (Advance Tokenized Liquid-cooled AI Stack), developed by Iopn in collaboration with Betabytes—an official Nvidia Cloud Partner—will function as a sovereign-grade AI data center. This initiative is part of the larger Iopn ecosystem, which encompasses digital financial infrastructure, RWA tokenization, and the AI Academy & AI Factory.

➡️ Amer Al Osh, Chief Development Officer at Gewan Holding, noted that this partnership provides an infrastructure model that “reinforces digital sovereignty and unlocks new economic opportunities.” He added that it ensures the UAE remains a leader in innovation during the AI and Web3 era.

🗣 Iopn CEO Mojtaba Asadian described the OPN Chain as essential for a cohesive ecosystem for sovereign identity, financial infrastructure, and AI-driven innovation. He stated,

With NG9 Holding’s support and initiatives like Project ATLAS, we are building sovereign-grade digital infrastructure that empowers nations to harness AI and Web3 on their own terms.

📉 Bitcoin Price Analysis: September 2, 2025

🔍 As of September 2, 2025, Bitcoin is trading between $109,549 and $109,939 with a market cap of $2.18 trillion. The past 24 hours saw a trading volume of $39.53 billion, indicating active market behavior near critical support and resistance levels.

📉 The daily chart shows a recent decline from a peak of $124,517 to a low of around $107,270. However, there are signs of a potential reversal with a green daily candle suggesting early bullish momentum. The key support zone is between $107,000 and $108,000, while resistance is between $112,000 and $114,000. A breakout above this range with confirming volume would shift momentum in favor of the bulls.

🟢 The 4-hour chart presents a more optimistic short-term outlook, showing a classic double-bottom pattern at $107,270. Price has been climbing, forming higher lows and displaying buying interest on green candles. Immediate resistance is near $110,700. If Bitcoin re-tests support at $108,500 to $109,000 and prints a bullish candle, it may present a favorable long opportunity.

📊 The 1-hour chart illustrates a structured rally from $107,270 to just under $111,000, followed by consolidation. Volume has decreased, indicating traders may be awaiting a breakout catalyst. A confirmed break above $110,700 to $111,000 could spark a short-term rally, while a drop below $108,000 with rising volume may trigger selling pressure.

⚖️ Oscillator readings reflect a largely neutral market. The relative strength index (RSI) is at 42, the Stochastic oscillator is at 18, and the commodity channel index (CCI) stands at −79. The average directional index (ADX) at 20 supports this indecision. Moving averages across all major timeframes present a bearish posture, but the 200-day EMA at $104,180 and 200-day SMA at $101,390 remain in bullish territory.

🟢 Bull Verdict: If Bitcoin maintains its position above $109,000 and breaks the $111,000 barrier with volume confirmation, a short-term bullish continuation is likely. A successful breakout above the $112,000–$114,000 resistance zone would confirm a medium-term trend reversal.

📉 Weak Jobs Report Triggers Bitcoin Sell-off

📊 A recent jobs report from the Bureau of Labor Statistics (BLS) has confirmed a bleak employment outlook previously indicated by ADP, a human resources firm. This news led to a second sell-off of Bitcoin (BTC), causing its price to revisit $110K after briefly exceeding $113K.

📉 The U.S. economy added only 22,000 jobs in August, significantly below the predicted 75,000. The unemployment rate rose to 4.3%, and revisions to previous months' data revealed a loss of 13,000 jobs in June instead of a gain. July's figures were adjusted to show a gain of 79,000, up from the earlier reported 73,000 increase.

“This jobs number was certainly a little bit of a disappointment,”

said White House economic advisor Kevin Hassett. He noted a Goldman Sachs study suggesting that the BLS often revises its August numbers upward by nearly 70,000 jobs due to seasonal adjustment issues.

🔍 At the time of reporting, Bitcoin was priced at $111,322.32, showing a slight increase over the past 24 hours but trading within a range of $109,755.97 to $113,357.49. The trading volume rose by 5.14% to $60.09 billion, and the market capitalization increased by 1.21% to $2.21 trillion. However, Bitcoin dominance fell by 0.19% to 58.66%.

📈 Additionally, total Bitcoin futures open interest rose by 1.22% to $80.79 billion, with liquidations jumping to $120.05 million since the previous day. Long liquidations accounted for $72.74 million, while short liquidations totaled $47.31 million.

⚠️ Ledger CTO Warns of Major NPM Package Attack on JavaScript Ecosystem

🛡 Charles Guillemet, the CTO of Ledger, issued a warning on Monday about a significant software supply chain attack targeting NPM packages used throughout the global JavaScript ecosystem. He revealed that a reputable developer's NPM account had been compromised, with the affected packages having been downloaded over 1 billion times.

There’s a large-scale supply chain attack in progress … the entire JavaScript ecosystem may be at risk

Guillemet stated on X, highlighting the severity of the situation. He further noted that the malicious code involved in the attack

silently swaps crypto addresses on the fly to steal funds.

🚫 In light of these developments, Guillemet advised individuals who do not utilize hardware wallets to avoid making on-chain transactions for the time being. He stressed the importance of reviewing transaction details before signing. However, he mentioned that it is still uncertain whether the attacker is stealing seed phrases from software wallets.

✅ For those using Ledger or other hardware wallets with clear signing, Guillemet reassured that there is no risk. He emphasized that

clear signing and manual verification protect against address-swapping malware.

🔍 Other security outlets have also reported ongoing NPM account compromises affecting widely used packages, with some describing this campaign as one of the largest of its kind to date. Guillemet warned that the impact of this attack could potentially span “all chains.”

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🆕 Coinbase Partners with Opensea for Enhanced NFT Benefits

➡️ On September 10, 2025, Coinbase announced a new partnership with the non-fungible token (NFT) marketplace Opensea as part of the second wave of its Coinbase One onchain benefits program. This collaboration offers exciting perks for Coinbase One members.

🎁 Opensea confirmed the partnership via X, stating that Coinbase One members will receive a 5% boost when they "power up" a Treasure Chest to earn shares in Opensea's new prize vault. Additionally, members can expect surprise "Shipments" starting from September 15. Coinbase One is a subscription service that provides various perks, including free Base gas, airdrops, and discounts for a monthly fee.

➡️ To claim the Opensea benefits, Coinbase One members must verify an onchain wallet. It's important to note that membership terms, regional limits, and auto-renewal policies apply.

🚨 Ethereum Validators Face Record Exit Queue Amidst Staking Platform Breach

⏳ A staggering 2.64 million ETH, valued at approximately $12.34 billion, are queued up to exit the staking process on Ethereum. This marks a significant increase of 188% since mid-August, when the queue was between 898,000 and 916,000 ETH. The exit queue operates on a first-come, first-served basis, with each epoch (about 6.4 minutes) allowing only a limited number of validators to leave, known as the churn limit.

🚨 The recent surge in the exit queue is linked to a security breach at Kiln Finance, a staking platform that suffered a hack resulting in the loss of about $41 million in Solana (SOL) tokens. In response to this incident, Kiln initiated an "orderly exit of all of its ethereum (ETH) validators" as a precautionary measure. Many anticipate that the ETH exiting from Kiln will be restaked.

⏳ For those validators at the end of the queue, the wait can be excruciating. With the churn limit causing departures to extend beyond 45 days, patience is tested as their ETH remains locked until the queue clears. Each epoch becomes a slow countdown, and until network activity decreases or more validators exit to free up slots, everyone must wait their turn, regardless of their stake size.