News

Ethereum is set to decommission its largest and most pivotal testnet, Holešky, in the coming weeks. After operating for a robust two-year period, Holešky's shutdown marks a significant milestone following its crucial role in thoroughly testing Ethereum’s most important network upgrades, including the recent Fusaka fork. This move signifies the conclusion of a vital phase in the blockchain's ongoing development and refinement process.

A user identified as Princess Hypio on the X platform has reported a substantial loss of $170,000 in cryptocurrency and NFTs due to a sophisticated scam targeting digital asset holders on Discord servers. This incident underscores the escalating threat posed by social engineering tactics, particularly the "try my game" scheme, which continues to exploit the trust within online communities.

Bitcoin is currently holding above the $109,000 mark, but its stability remains precarious. This critical price level is under close observation, with market participants eagerly awaiting key U.S. macroeconomic data, including the upcoming jobs report, to gauge future direction. Adding to the complexity, significant capital flows indicate that large investors, often referred to as "whales," are shifting assets from Bitcoin to Ethereum, while broader financial markets show volatility, exemplified by a spike in UK bond yields.

A significant financial event has catapulted the crypto holdings tied to the Trump family, with their stake in the World Liberty platform reportedly surging to approximately $5 billion. This substantial increase follows the recent unlocking of 24.6 billion digital tokens associated with the company. The move represents a major valuation adjustment for assets connected to the former U.S. President and his relatives.

**RAK Properties**, a prominent real estate developer in the United Arab Emirates, has announced a significant step into the digital economy by accepting **Bitcoin** and other **cryptocurrencies** for property transactions. This strategic move aligns with the UAE's burgeoning reputation as a global hotspot for the **crypto industry**, a status cultivated by its forward-thinking **regulatory frameworks** and a favorable tax environment.

The cryptocurrency market is currently witnessing a significant struggle, with Bitcoin (BTC) bulls attempting to push the asset's price back above the critical $110,530 level. This ambitious target is met with strong resistance from bears, who are actively selling any breakouts and higher range points. This dynamic creates a palpable tension within the market, leaving investors questioning the immediate direction of digital assets.

As the United States Congress reconvenes, Republican lawmakers in the Senate are setting their legislative agenda, with a significant focus on the burgeoning cryptocurrency sector. A primary and immediate objective for these legislators is the passage of comprehensive market structure legislation designed to provide clarity and regulation for digital assets. This initiative marks the first crypto-related priority identified by some Republican members in the Senate.

The World Liberty Financial token (WLFI) officially began trading on several cryptocurrency exchanges this Monday, marking its entry into the dynamic digital asset landscape. This launch, while opening new avenues for investors, has also been accompanied by significant warnings concerning potential scams, prompting an urgent call for heightened vigilance among traders. The introduction of any new token often creates a fertile ground for malicious actors, making it imperative for market participants to understand how to differentiate legitimate assets from fraudulent schemes.