Ethena crosses $500M in cumulative revenue as synthetic stablecoins gain ground

Lemmy The Bat (LBAI) will be listed on BitMart, a larger crypto exchange, on August 22. When a new token begins trading on a better-known platform, it can get more buyers. This can make the price go up quickly, as more people become interested. However, sometimes early investors use a big listing to sell their coins, which can make prices fall after a short jump. The listing may bring more attention and more trading. Price changes can be fast, so keep watching after the opening. Source: source

The end of the XMAQUINA (DEUS) token sale could impact prices soon. When a sale finishes, new tokens may enter trading, changing supply and demand. If many people buy $DEUS in the sale, they might want to sell when trading starts to take profits, which can make prices fall. But if the project has strong support and interesting features, demand can grow, causing a price increase. Watch for listing announcements or community excitement right after the sale. This event matters for both early buyers and future traders. Source: source

The MIP-B45 vote is important for Moonwell (WELL). Community members will decide on fixing lost rewards for users by using an airdrop. If the vote wins, WELL stakers who lost rewards could get new tokens, which might increase trust in the project. This can help more people want to buy or hold WELL, possibly pushing up the price. But if the vote does not pass, holders may lose faith, and the price could drop. Watch community reaction after the result for hints about price moves. Source: source

An anti-central bank digital currency provision has been added to what is viewed as must-pass defense funding legislation.

That measure was added in the latest version of the House's National Defense Authorization Act (NDAA), first reported by Bloomberg Law on Thursday.

The new title in the bill is called the Anti-CBDC Surveillance State Act, and contains the same legislation that was previously introduced by House Majority Whip Tom Emmer in a standalone bill. Earlier in the summer, the full House voted 219-210 for Emmer's bill, which would block the Federal Reserve from issuing a central bank digital currency directly to individuals. 

A CBDC is a digital form of fiat money, directly issued and regulated by a country's central bank. Federal Reserve Chair Jerome Powell has also said the central bank won't issue a CBDC without congressional approval. Many Republicans have taken issue with a CBDC over concerns of broad monitoring of financial transactions. Emmer has said that CBDCs are “government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to surveil Americans' transactions and choke out politically unpopular activity."

Democrats have criticized the bill in the past, saying it would "stifle" research. 

The NDAA is an annual law that authorizes funding for the Department of Defense. The Senate will vote on its version of the bill when it comes back to Washington on Sept. 2 and the House will likely take it up as well early next month, Punchbowl News reported on Thursday. 

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. 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.

An investor lost 783 BTC, worth about $91.4 million, after a fraudster impersonating a hardware wallet support agent gained access to their wallet, Coindesk reported. The theft, disclosed by blockchain investigator ZachXBT, is one of the largest individual social engineering scams in recent months.

Funds Routed Through Wasabi Wallet

The incident occurred on August 19. The attacker tricked the victim into handing over wallet credentials, allowing them to transfer the Bitcoin. The funds were then moved through Wasabi Wallet, a privacy tool commonly used to hide transaction trails.

The case adds to a series of major crypto scams in 2025. Investors lost $3.1 billion to hacks and fraud in the first half of the year, with social engineering becoming an increasingly common tactic.

The theft also comes exactly one year after the $243 million Genesis creditor hack, which led to multiple arrests in California earlier this year. Both incidents underline how attackers continue to exploit weaknesses beyond technical security.

Security Concerns Persist

The $91 million loss highlights the ongoing risks facing crypto investors, even as firms improve technical safeguards. Analysts warn that impersonation and phishing schemes remain difficult to prevent, with scammers increasingly targeting users through trusted support channels.

North Wales Police has warned cryptocurrency holders to remain vigilant after a victim was defrauded of £2.1 million in Bitcoin. The force described the incident as a “sophisticated” scam and urged the public to be cautious when approached with unexpected requests involving digital assets.

Read more: BTC Remains Under Trendline; North Wales Police Investigate £2.1M Bitcoin Scam

The scam unfolded as criminals impersonated senior UK police officers and fabricated a story about a supposed security breach. The victim was told that an arrested individual’s phone contained personal identification documents linked to them, prompting them to hand over their Bitcoin.

The warning comes as Bitcoin faces selling pressure in the market. BTC/USD has been trending lower along a descending trend line on the hourly chart, with horizontal support observed around 112,800. A drop below this level could add to downside momentum, while a breakout above the trend line may draw in intraday buyers.

Ethereum is down $116.84 today or 2.68% to $4239.59

• Largest percentage decrease since Aug. 19, 2025, when it dropped 4.19%
• Down three of the past four days
• Up 13.5% month-to-date
• Up 26.75% year-to-date
• Down 12.87% from its all-time intraday high of $4865.81 on Nov. 10, 2021
• Up 61.66% from 52 weeks ago (Aug. 22, 2024), when it traded at $2622.48
• Down 11.49% from its 52-week intraday high of $4790.13 on Aug. 14, 2025
• Up 203.06% from its 52-week intraday low of $1387.85 on April 9, 2025
• Traded as low as $4205.98
• Down 3.45% at today's intraday low

Note: The Ethereum price is a 5 p.m. ET snapshot from Kraken

Data compiled by Dow Jones Market Data