Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
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Hong Kong police have exposed a $3.3 million romance-investment scam that used a fake crypto app, bogus advisers, and AI-powered deception to drain a woman in her 50s. It’s a brutal reminder that “guaranteed” returns are usually just scams in a slicker suit.
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Putin has signed a law creating a regulated crypto trading framework in Russia, but everyday crypto payments remain banned. The move opens limited access for investors and cross-border settlements, while keeping Moscow firmly in control of the domestic money game.
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Pi Network is getting a short-term boost, with PI up more than 10% this week and testing $0.09 resistance after the Protocol 26 upgrade and a RoboPay integration. But the bigger trend is still weak, and this bounce has to prove it’s more than a dead-cat rally.
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Bitcoin is holding near $64,808 as strong spot ETF inflows, led by BlackRock’s IBIT, keep demand underpinned. But security flaws, regulatory uncertainty, and key resistance near $67,000 show the market still has plenty of ugly edges beneath the bullish surface.
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COLDCARD’s seed-generation bug has become an on-chain hunt, with Galaxy Research tracking one suspected attacker cluster still holding 1,159 BTC across seven addresses while another begins mixing funds to hide the trail. The exploit hit wallet entropy, not Bitcoin itself — and that’s a brutal difference.
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Solana just logged a record week of network activity, with over 10 billion non-vote transactions, but SOL is still stuck below $75. The chain’s tech and adoption look strong, yet traders remain unconvinced the usage spike will translate into a breakout.
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Coinbase is suspending six weak trading pairs while adding BIO, BNKR and TREE for eligible users and pushing institutional clients onto Deribit. The move shows a broader shift toward cleaner markets and higher-margin derivatives, even as spot trading gets trimmed.
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Cardano is the clear short-term leader in a mixed August 6 setup, while SHIB, NEAR and SOL are still stuck under key resistance and need stronger volume to prove their rebounds are real. A green candle is nice — conviction is better.
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A Coldcard firmware bug didn’t break Bitcoin — it broke seed generation. Weak fallback randomness left some offline wallets vulnerable, and once the seed is compromised, no firmware update can undo the damage.
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Cardano’s 2027 ADA outlook is less about hype and more about whether the network actually delivers on scaling, privacy, interoperability, and governance. AI price guesses vary wildly, but the real verdict depends on execution, adoption, and whether Cardano can turn engineering into usage.
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