Sergei Potapenko and Ivan Turõgin asked a court for time served after admitting to wire fraud, but US prosecutors want them imprisoned for 10 years for their "classic Ponzi scheme.”
Brayden Lindrea
Brayden Lindrea is a journalist on Cointelegraph’s APAC news team, having joined the team in 2022. He covers everything from crypto market trends and regulatory shifts to cybercrime and innovation. He is particularly interested in covering Bitcoin adoption — from the community level right through to institutions and nation-states. He holds a bachelor’s degree in science from the University of Sydney. Brayden has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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HashFlare founders want no more jail time as US asks for 10 years - News
IREN soars 11% after mining more Bitcoin than MARA in July Shares in IREN closed trading on Wednesday up 11.4% after it reported mining more Bitcoin than MARA Holdings in July.
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Indonesia is exploring a national Bitcoin reserve, says local group Bitcoin Indonesia said it recently pitched Bitcoin to the vice president’s office and discussed Bitcoin mining as a national reserve strategy.
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Base blames faulty sequencer for 33-minute outage, fixes made Base blamed a 33-minute outage on Tuesday on an unprepared sequencer. The blockchain team said it would update the infrastructure
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Ether-stacking BitMine crosses $3B milestone as ETH rallies 6% ETH rallied nearly 6% on Monday after BitMine disclosed a major purchase, raising the total value of its Ether holdings to more than $3 billion.
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CFTC seeks to allow spot crypto trading on registered exchanges The CFTC is seeking feedback on how to more effectively regulate spot crypto trading as it moves to implement recommendations from the Trump administration.
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Bitcoin company Metaplanet kicks off August with first big buy Metaplanet scooped up 463 Bitcoin on Monday, making it the first public company to capitalize on the August Bitcoin dip.
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Trump’s crypto-AI tsar David Sacks: AI job loss is ‘overhyped’ Sacks said fears that AI will overtake human jobs are overblown, while a recent Microsoft study flagged the top roles at risk.
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Bearish Arthur Hayes says Bitcoin could retrace to $100K on macro headwinds Bitcoin and Ether could fall back toward the $100,000 and $3,000 level amid concerns of more tariffs, a sluggish credit market and slowed job creation, Arthur Hayes argues.
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Crypto victim loses $908K in sophisticated phishing attack A victim lost $908,551 in a crypto phishing scam 15 months after signing a malicious approval transaction. The scammer waited until two large deposits were made before striking.
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Mill City Ventures to load up on more SUI with $500M deal as shares fall 11% Mill City Ventures III announced a $500 million equity agreement to boost its SUI treasury, which currently sits at 76.2 million units after making its first $276 million purchase this week.
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DeFi Education Fund urges Senate to strengthen crypto dev protections in draft bill DeFi Education Fund called on the Senate Banking Committee to frame a key crypto market bill in a more tech-neutral way and strengthen crypto developer protections in a recent letter.
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Michael Saylor joins chorus for clarity as US works to legally define crypto Strategy’s Michael Saylor wants the US government to clearly define digital securities and commodities, as well as state when it is allowable to tokenize securities.
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Strategy CEO calls it ‘most misunderstood’ stock amid record profit Strategy CEO Phong Le says the market still misunderstands and undervalues its Bitcoin play, as it posted $10 billion profit in the second quarter and plans to raise $4.2 billion to buy more.
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Bolivia calls crypto ‘reliable alternative’ to fiat in El Salvador partnership Bolivia has signed an agreement with El Salvador to promote crypto as an alternative to traditional currencies amid its ongoing economic crisis.
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Robinhood crypto revenue doubles as CEO bets big on asset tokenization Robinhood saw its crypto revenue almost double to $160 million as CEO Vladimir Tenev confirmed plans to keep pushing its tokenization strategy in the US and abroad.
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Samourai Wallet co-founders to now plead guilty to US charges Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill say they’ll change their not guilty plea relating to charges tied to their crypto mixing service.
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Strategy buys 21K Bitcoin with 2025’s biggest public offering Strategy bought over 21,000 Bitcoin after raising $2.5 billion from a preferred stock offering, the largest initial public offering in the US this year.
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SharpLink’s Joe Lubin wants to buy ETH faster than any other firm SharpLink Gaming is currently the second-largest Ethereum treasury firm after BitMine Immersion Technologies.
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Update: CoinDCX denies it’s in talks to be acquired by Coinbase CoinDCX has denied a media report that it is in “advanced discussions” to be acquired by Coinbase for nearly $1 billion, reiterating it is “super focused” on building India’s crypto story.
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Ray Dalio suggests putting 15% in Bitcoin, gold amid US ‘debt doom loop’ Hedge fund manager Ray Dalio suggests investors put 15% into store-of-value assets amid America’s debt crisis.
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Solana co-founder calls memecoins, NFTs ‘digital slop’ in heated debate Solana co-founder Anatoly Yakovenko ignited criticism from the crypto community by likening memecoins to loot boxes in mobile games.
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Roman Storm asks for $1.5M lifeline as Tornado Cash trial presses on Tornado Cash co-creator Roman Storm has asked for additional financial support toward his legal defense as the landmark trial enters its third week.
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Arizona Senate revives Bitcoin reserve bill after reconsideration vote The Arizona Senate has voted to revive House Bill 2324, a Bitcoin reserve bill that initially failed in the House.
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Semler Scientific plans Bitcoin holdings of 105,000 BTC by 2027 Health tech firm Semler Scientific wants to boost its Bitcoin holdings from 3,800 BTC to 105,000 BTC by 2027 and has appointed a new director to lead the plan.
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US Bitcoin ETFs hit 8-day inflow streak despite Middle East tensions The spot Bitcoin ETFs recorded their eighth straight day of inflows as early market panic from the Israel-Iran conflict appears to be cooling off.
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Czech gov’t resists 4th overthrow attempt amid $45M Bitcoin scandal The Czech Republic’s Civic Democratic Party survived another no-confidence vote, triggered by opposition party concerns over a $45 million Bitcoin donation linked to a convicted criminal.
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Trump on GENIUS stablecoin bill: ‘Get it to my desk, ASAP’ US President Donald Trump wants House members to pass the key stablecoin bill “LIGHTNING FAST” so that he can sign it into law.
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Bitcoin and HYPE could get $844M total windfall from 4 public US firms DDC Enterprise and Fold Holdings have confirmed raises worth a total of $778 million as a biotech firm said it would raise $50 million to add HYPE as a treasury asset.
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JPMorgan, SEC meet to discuss capital markets moving onchain Three JPMorgan executives met with the SEC’s Crypto Task Force to discuss which capital markets instruments could move onchain and how to best navigate the change.