Kazakhstan Shuts Down Illegal Crypto Mining Farms Amid Power Strain
Kazakhstan has intensified its crackdown on illegal crypto miners after uncovering unlicensed operations consuming enough electricity to power an entire city. Authorities shut down multiple sites tapping directly into the national grid, straining the country’s already challenged energy infrastructure.
Investigators found dozens of high-capacity rigs hidden in abandoned industrial sites, with profits routed offshore to evade taxes. The government warns that such activities threaten both energy security and Kazakhstan’s role as a regulated mining hub.
Legal mining firms will continue operating, but further inspections and potential criminal charges are planned for violators.
ADA Whales Scoop Up 200M Tokens — $0.83 Breakout in Sight
Cardano’s price is closing in on the $0.83 resistance after ADA whales bought over 200 million tokens in just 48 hours. The aggressive accumulation has lifted bullish sentiment, with traders eyeing a potential run toward $0.90 and even $1.00 if resistance breaks.
However, momentum indicators like the RSI are nearing overbought territory, and trading volumes have started to cool. Analysts warn that a failed breakout could send ADA back toward $0.75, especially if Bitcoin turns volatile.
For now, whale buying has created a short-term floor, but the market awaits a decisive daily close above $0.83 to confirm the next leg higher.
Block Makes Bitcoin Central to Global Payments Push
Block has placed Bitcoin at the core of its growth strategy, rolling out Bitkey — a self-custody BTC wallet designed for secure, user-friendly ownership. The launch expands global access to Bitcoin, offering buy, sell, and storage features with multi-signature protection.
Source: BitcoinTreasuries
The company holds 8,692 BTC in its treasury, worth about $1.04B, ranking #12 among public BTC holders with a +281% unrealized gain. Bitcoin is now integrated across Block’s products, from Cash App to Square, signaling a deeper commitment to mainstream crypto adoption.
Stripe and Paradigm Build Tempo Blockchain for Web3 Payments
Stripe is developing the Tempo blockchain with backing from crypto VC firm Paradigm, aiming for a high-performance, compliant network capable of handling over 100,000 transactions per second. The project targets instant cross-border payments, stablecoin and CBDC integration, and merchant-ready Web3 tools.
Unlike many DeFi-focused chains, Tempo will prioritize compliance, fiat conversion, and integration for Stripe’s global merchant base—potentially giving it a distribution edge over rivals like Solana, Polygon, and XRP Ledger.
A private beta is expected in late 2025, with a public launch in 2026. If successful, Tempo could bridge traditional finance and Web3 at scale, positioning Stripe as a major player in blockchain infrastructure.
Whales Buy 900M XRP in 48 Hours as Price Tests $3.40 Resistance
XRP whales have accumulated nearly 900 million tokens in just two days, one of the largest buying sprees of 2025. The surge in large-holder activity comes as XRP trades around $3.15–$3.40, with many eyeing $3.60 as the next upside target if resistance breaks.
Analysts suggest a potential market rotation from Ethereum into XRP could provide the momentum needed for a breakout. However, RSI readings near overbought territory and repeated rejections at $3.40 indicate short-term risks remain.
With Ripple’s expanding cross-border partnerships and improving U.S. regulatory clarity, the recent whale moves may be more strategic than speculative. Traders will be watching closely to see if this accumulation sparks an immediate rally or sets up a longer-term climb.
Metaplanet Adds 518 BTC, Holdings Top $2.16B
Metaplanet has purchased 518 BTC for around $62.9 million, boosting its total Bitcoin holdings to 18,113 BTC — now valued at roughly $2.16 billion. The acquisition, confirmed via an official corporate disclosure and the company’s X account, was executed at an average price of ¥17.54M ($112,000) per BTC.
According to Bitcoin Treasuries, Metaplanet ranks sixth among public companies holding Bitcoin, with an average cost basis of $101,308 and an unrealized gain of over 17%. Bitcoin now represents 45% of its market cap, positioning the Tokyo-listed firm as one of the most aggressive corporate BTC accumulators.
Ethereum Sellers Crowd $4.3K as Breakout Watch Intensifies
Ethereum is consolidating near the $4,300 resistance zone, with sellers taking profits after a rally from below $3,500 in late July. The level has triggered strong selling pressure in the past, with overbought indicators and macro uncertainty adding to caution.
Source: Trading View
Despite short-term doubts, on-chain data shows rising staking inflows and robust DeFi activity, keeping the long-term outlook bullish. A breakout above $4,300 could target $4,500–$5,000, while holding above $3,850 keeps the bullish structure intact.
Bitcoin Price Near $120K as CPI Report Looms
Bitcoin is trading just below $120,000 as traders await this week’s U.S. Consumer Price Index (CPI) report, a key inflation metric that could spark significant volatility. Historically, CPI releases have triggered sharp moves in both traditional markets and crypto by shaping expectations for Federal Reserve policy.
Source: Glassnode
On-chain data from Glassnode shows a surge in new Bitcoin addresses — the highest since late 2024 — signaling increased retail activity. Profit-taking across both long-term and short-term holders suggests mixed sentiment as BTC consolidates between $118K and $120K.
A cooler-than-expected CPI reading could push Bitcoin above $120K toward $125K resistance, while a hotter print might send it back to $115K support. Traders are bracing for swift price action once the data is released.
LayerZero Proposes $110M Stargate Acquisition
LayerZero has put forward a $110 million proposal to fully acquire the Stargate (STG) protocol, aiming to consolidate governance, expand liquidity, and integrate cross-chain messaging under its control. The deal would bring Stargate’s infrastructure, IP, and liquidity pools into the LayerZero ecosystem, potentially enabling faster transactions and lower fees.
The Stargate community remains divided — some see the move as a growth catalyst, while others fear it could erode decentralization. The proposal is now under DAO review, with a vote expected soon.
Where to Find the Best Crypto News Daily
Each crypto news item above links to its full article with deep analysis, charts, and sources. Bookmark this page and check back daily for the top headlines and crypto.
Ready to dive deeper?
