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A high-profile hacker, allegedly responsible for a $300 million breach at Coinbase, has recently acquired $8 million worth of Solana ($SOL ), according to blockchain tracking reports. The move, which occurred on August 24, 2025, was noted for its speed, taking less than two hours to execute. Onchain Lens, a firm specializing in blockchain activity monitoring, confirmed the transaction, highlighting the hacker’s continued movement of stolen assets across multiple blockchains and wallets [1].

This latest activity follows a prior acquisition in July 2025 when the hacker purchased 4,863 Ethereum ($ETH) tokens using $45.36 million in $DAI. Analysts speculate that the hacker may continue to liquidate or trade the remaining $DAI holdings, which remain in two wallets. The strategy appears to involve diversifying stolen assets across various cryptocurrencies and chains to obscure the trail and complicate tracking efforts [1].

The hacker has also moved substantial amounts of other digital currencies, including $USDC, across a wide range of wallets and blockchains. This approach—using multiple chains to move funds—makes it increasingly difficult for investigators to determine the exact path of the stolen assets. The complexity of the transactions underscores the sophistication of the perpetrator and the challenges faced by law enforcement and blockchain tracking companies [1].

Coinbase has been actively investigating the breach, which it attributed to rogue customer service representatives who were bribed to gain access to internal systems. The company emphasized that no user passwords or private keys were compromised during the attack. In response to the incident, Coinbase has offered a $20 million reward for information leading to the arrest of the individual responsible, while explicitly stating it will not pay the ransom previously requested by the attacker. The company is also working closely with law enforcement agencies to bring the perpetrator to justice, although no arrests have been made to date [1].$SOL

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NewsTechnology

Solana Handles 100K Transactions Per Second in Test Run: Here's Why It Matters

Solana achieved a major accomplishment over the weekend, processing a massive amount of transactions per second. Here's how it went down.



By Logan Hitchcock

Edited by Andrew Hayward

Aug 18, 2025

3 min read



Solana is one of the top crypto assets by market cap. Image: Shutterstock/Decrypt

In brief

A Solana validator processed blocks with greater than 100,000 transactions per second in an experiment.

The performance improvement was more than 25x the typical throughput of the Solana mainnet.

Key Solana backers suggest that it means the network is ready for much more.

The Solana network briefly processed more than 100,000 transactions per second (TPS) in an on-chain experiment Sunday. That’s more than 25 times the network’s typical throughput, according to data gathered by the network’s explorer.

Solana already massively outpaces O.G. blockchain networks like Bitcoin and Ethereum on that front, but the Sunday peak beats Visa's own high mark of handling up to 65,000 transactions per second.

The Solana validator operator behind the feat said that it showcases what’s possible if continued technical developments and efficiency improvements make their way to the popular layer-1 blockchain.

“The main point I want to get across is that Solana needs more efficient programs and an efficient token standard,” pseudonymous validator Dr. Cavey PHD told Decrypt. 
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new user please support.....Gemini Trust, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss, has filed for a U.S. initial public offering, positioning itself to become the third publicly traded digital-asset exchange after Coinbase and Bullish.

The filing, published late Aug. 15, revealed that Gemini’s revenue fell in the first half of 2025 while its net losses widened, underscoring both the challenges and opportunities of going public in a still-volatile industry.

According to the filing, Gemini reported a net loss of $282.5 million on revenue of $68.6 million for the six months ending June 30. That compared to a $41.4 million loss on $74.3 million in revenue a year earlier. The exchange, which supports more than 70 cryptocurrencies and operates across 60 countries, plans to list its shares on Nasdaq under the ticker GEMI, with Goldman Sachs and Citigroup leading the offering. Proceeds will go toward general corporate purposes and repaying third-party debt.

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Altcoins

Solana is preparing for a major shift as it plans to replace its current consensus model of Proof-of-History and TowerBFT with a new system called Alpenglow. Detailed in governance proposal SIMD-0326, the upgrade is designed to deliver faster confirmations, stronger security, and a streamlined structure, positioning the network for broader global adoption.

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#AltcoinSeasonLoading The head of RippleX, the team behind the development of the XRP Ledger, recently highlighted why the network is uniquely suited for launching real-world assets – a case that supports a bullish XRP price prediction.

In a blog post published earlier this week, Markus Infanger explained that XRP Ledger features a built-in decentralized exchange (DEX), removing the need for third-party aggregators or routing services.#MetaplanetBTCPurchase $XRP

$SOL #PowellWatch $SOL Amid rising investor interest in alternatives, SEC pushes Solana ETF decision to October

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$BTC A lawsuit filed with the SEC court found that Ripple's regulatory path to clearing XRP could be broken if approved.$SOL

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#XRP, Cardano, and Solana in 2026: Key Developments, Price Speculation, and Comparison #MarketTurbulence The cryptocurrency market is evolving at breakneck speed, and by 2026, the landscape could look drastically different$BTC $SOL $XRP

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Quickly understand the history and background of various well-known coins

XRP News Today: XRP Price Could Surge to $70.38 If QR Wallet Adoption Hits $200 Billion Inflow

Coin WorldWednesday, Aug 13, 2025 8:42 pm ET

OverviewThe 5 WsOpposite SidesInfobox

- XRP's potential integration into QR-based wallets for rural/underbanked markets could drive price growth via expanded transaction utility.

- Market models suggest $0.674-$33.70 price range if XRP processes 10% of $8T global QR transactions by 2029.

- India's UPI and Asia-Pacific/Africa's QR payment growth (up to $9.8T in 2023) highlight expanding adoption in offline communities.

- $70.38 price projection depends on $200B rural investment, though crypto volatility and regulatory factors remain key uncertainties.

XRP's potential price movement is being closely analyzed in the context of its possible integration into QR-based wallet systems, particularly in rural and offline communities with limited access to traditional banking. As QR code-based payments continue to expand, with global transaction volumes reaching $5.4 trillion in 2024 and projected to reach $8 trillion by 2029, the utility of digital assets like XRP is gaining attention [1]. XRP’s fast, low-cost transactions make it a candidate for adoption in these underserved markets, where cash-based systems dominate and digital infrastructure is limited [1].

Market models suggest that if XRP were to process 10% of global QR-based transactions by 2029—equivalent to $800 billion annually—its utility-based value could reach approximately $0.674 per token [1]. However, due to the speculative nature of the crypto market, applying a market behavior multiplier suggests a potential price range between $6.74 and $33.70 [1]. Another projection considers the capital inflows that could result from widespread adoption. If rural and offline markets generate $200 billion in new investment into XRP, historical patterns suggest this could significantly expand its market capitalization

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I use UPI, invest online, and am curious about crypto and other digital assets. But with all the hype and a lack of clear rules, I’m not sure if it’s actually smart to go all-in on the “future of money". What should someone like me, who wants to stay ahead, keep in mind when choosing between digital and traditional finance?

- Name withheld on request

Well, you're not alone. Many young Indians are asking the same question: "Should I also try crypto, or is it all just noise?"

The short answer: You don’t need to pick one over the other. It’s not about “old vs new” money—it’s about blending the best of both to stay financially smart.

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