Bitcoin’s BIP-110 fork faced collapse just 8 hours after its launch due to insufficient hash rate support, with only two blocks generated.

The U.S. Attorney’s Office for the District of Connecticut announced that three men from St. Louis—Sedric Louis, John Davis, and Martel Williams—are charged with conspiracy to interfere with commerce through robbery, allegedly plotting to break into a residence and force victims to transfer cryptocurrency linked to a multi-hundred-million-dollar bitcoin theft. Each faces up to 20 years in prison. Prosecutors allege the trio traveled to Connecticut between August 21 and 24, 2024, rented a vehicle, prepared items including airsoft guns and walkie-talkies, surveilled the target and his parents for two consecutive days, then abandoned the operation over fears that home security cameras would record their movements. A separate group of individuals from Florida later executed the same plan, and six people were arrested on August 25 in connection with a Lamborghini Urus carjacking. Louis and Davis have been in custody since their June 25 arrest, and pleaded not guilty to the charges at Bridgeport Federal Court on July 30. Williams entered the same not guilty plea on July 17 and was granted bail afterward. Prosecutors clarified that the targeted individuals were the parents of people involved in the multi-hundred-million-dollar bitcoin theft, and the indictment does not constitute evidence of guilt.

Santiment Intelligence stated in a post that Bitcoin has just experienced a week of surging on-chain trading volume. The number of new network wallets reached 2.27 million, hitting a 12-month high, while active wallets stood at 751,000, marking a 10-month peak. The biggest catalyst was the chaos sparked by the Coldcard wallet security incident, which forced users to move funds, create new wallets, adjust custody settings, and re-assess their risk exposure—naturally driving a sharp rise in wallet creation and activity. Polarizing events tend to trigger the strongest on-chain reactions for Bitcoin and altcoins. Fear spreads rapidly, followed by greed; both emotions push more people to trade, adjust positions, and closely track market dynamics, reigniting demand after periods of market downturns. When retail investors are impacted and trading volume surges, Bitcoin’s large holders often leverage the chaos to accumulate more actively. Historically, this combination of increased usage and large-scale accumulation by major holders has a positive impact on Bitcoin’s prices in the weeks and months ahead.

BlockBeats News: Multiple crypto KOLs have recently revealed that meme launch platform pump.fun is offering lucrative recruitment packages (a $20,000 signing bonus plus $30,000 monthly compensation) to users of rival platform FOMO to migrate to its app. The agreement comes with strict migration terms and payment conditions, requiring users to transfer funds and positions, use a dedicated wallet, publicly declare it as their sole wallet, permanently delete their FOMO accounts, prohibit use of this wallet on competing platforms, and include a non-disparagement clause. This controversial poaching move unfolds against the backdrop of pump.fun’s persistent revenue slump and FOMO’s record revenue growth. Per DefiLlama data, pump.fun earned $6.49 million in revenue over the past seven days, holding an undisputed top position, though pressure from trailing competitors remains intense. FOMO generated $2.64 million in revenue over the same period, having grown rapidly since July and hitting successive all-time highs. Additionally, Flap — a meme coin platform that has performed well recently on BSC and the Robinhood chain — recorded $1.39 million in revenue. Against this backdrop, paired with pump.fun’s newly launched social trading feature this week, it is evident that pump.fun’s high-value poaching agreement is designed to nip its fast-growing rival in the bud. Notably, despite the highly controversial nature of this action, crypto lawyer Ariel Givner analyzed that pump.fun’s move does not violate any laws or regulations, representing a standard commercial transaction.

Bitwise CIO Matt Hougan told CoinDesk in an interview that Bitcoin could reach $1.3 million by 2035, with massive institutional capital inflows as the key driver. Hougan noted that global institutions manage $100 trillion to $200 trillion in assets; even a 1% allocation to Bitcoin would translate to $1 trillion to $2 trillion in funds, enough to support the price target. Retail investors have pushed the crypto market from scratch to a $2 trillion market capitalization, and over the next decade, institutional capital will lead growth, driving the total market cap to even higher levels.

According to data from Cypherpunk, Zcash’s privacy pool Ironwood has surpassed Orchard to become the largest shielded pool on the Zcash network. The data shows Ironwood currently holds approximately 1,904,394 ZEC, valued at around $955 million based on the price at the time of statistics. This milestone was achieved roughly 11 days after Ironwood’s activation.

Police in Hengli, Dongguan, China recently foiled a virtual currency investment fraud case, safeguarding 1.1 million yuan in cash five minutes before the victim was set to complete an offline transaction with scammers, preventing significant financial losses. According to reports, the victim, identified only as Ms. Li (alias), met an unfamiliar netizen online who lured her with a "virtual currency internal investment channel"—promising low entry barriers and high returns—and created forged profit screenshots to fake investment gains. The scammers then induced Ms. Li to withdraw 1.1 million yuan in cash for delivery, claiming the funds were needed for "offline cash exchange for US dollar top-ups". After detecting risk clues, Dongguan police promptly activated their early warning and interception mechanism, dispatched officers to the bank to dissuade Ms. Li, and successfully blocked the fund transfer ahead of the transaction. (Source: Dongguan Release)