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Sber explores USDT-backed lending as Russia weighs digital ruble demand

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Crypto Breaking News

Sber, Russia’s largest bank, is looking to widen the collateral it accepts for its crypto-backed lending products. According to a Friday report by TASS, the bank’s deputy chairman Anatoly Popov said Sber plans to add Tether’s USDt stablecoin and Ether, alongside Bitcoin, once the Bank of Russia clears those assets for public trading.

The move is tied to the rollout of Russia’s newly regulated crypto market. President Vladimir Putin signed a crypto law on Aug. 4, with core provisions scheduled to take effect Sept. 1. Under that framework, the central bank is set to decide which digital assets may be traded on regulated exchanges—an authority that directly affects what can be used as collateral in mainstream financial products.

Key takeaways

  • Sber plans to expand crypto-backed lending collateral to include USDT and Ether in addition to Bitcoin.
  • The bank said it will add the new collateral assets after the Bank of Russia permits them for public trading.
  • Russia’s regulated crypto market begins under a law signed by President Vladimir Putin on Aug. 4, with key provisions starting Sept. 1.
  • The central bank has proposed Bitcoin, Ether, and USDT for regulated exchange trading based on criteria including market capitalization and trading history.
  • Sber has shown caution toward wider demand for Russia’s digital ruble (CBDC), according to earlier remarks reported by TASS.

Collateral expansion depends on the central bank’s approved asset list

Popov told TASS that Sber intends to adapt its existing crypto lending offerings and “gradually expand” as the country’s new crypto rules come into force. The timing hinges on regulatory clearance: Sber said it will introduce additional collateral after the Bank of Russia allows the relevant assets to be traded publicly.

This is a notable shift in practical terms. While Bitcoin has often been the first digital asset banks explore for custody, settlement, and lending structures, collateral diversification can materially change risk management and client accessibility. A stablecoin and a major smart-contract asset broaden the set of options available to borrowers who want to align collateral with their own exposure or business needs.

Why Russia’s regulated market rules are the trigger

Russia’s new law restructures the digital-asset landscape by giving the Bank of Russia authority to determine which crypto assets may trade on regulated exchanges. As described in earlier coverage cited by Cointelegraph, the central bank’s role is central to creating an official, compliance-oriented market rather than leaving trading primarily to informal or offshore venues.

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Cointelegraph previously reported that the Bank of Russia proposed Bitcoin, Ether, and USDT for regulated exchange trading on Aug. 11. The proposal was said to be based on requirements that included market capitalization, trading volume, and at least five years of price history on overseas markets. If regulators follow through on the proposal, it would effectively clear the path for banks like Sber to consider these assets within domestic, regulated finance.

For Sber, that linkage between exchange eligibility and banking collateral is likely to reduce legal and operational uncertainty. Instead of testing collateral on a largely gray basis, the bank can align lending terms with assets that regulators treat as eligible for public trading.

CBDC skepticism highlights Sber’s cautious stance

Sber’s crypto collateral plans arrive alongside a separate, more skeptical view of Russia’s central bank digital currency. TASS previously reported comments from Sber’s chief financial officer Taras Skvortsov suggesting the bank had not seen strong demand for the digital ruble.

Skvortsov said Sber sees “little evidence of broad demand” for the CBDC, and that neither retail nor corporate clients nor financial institutions were pushing for it. In the same reported remarks, he indicated there was no clear interest in the instrument beyond the central bank’s involvement.

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While crypto-backed lending and CBDCs are different products with different regulatory aims, the contrast is instructive for readers watching how Russian institutions prioritize digital finance tools. Sber appears willing to expand where it sees a clearer regulatory pathway for market-based assets, while remaining unconvinced that the CBDC will quickly find broad use before or after its wider rollout.

What investors and borrowers should watch next

Sber’s announcement effectively points to a sequence of events: regulators must approve the assets for public exchange trading under the new framework, and then banks can operationalize those assets as collateral. That means the key near-term uncertainty is not whether Sber wants to broaden collateral, but whether and when the Bank of Russia finalizes the eligibility of USDT and Ether for regulated venues.

As the Sept. 1 implementation window approaches, market participants should monitor regulatory updates from the central bank—particularly any steps that confirm which assets become eligible on regulated exchanges. Those decisions will likely determine how quickly Russian financial institutions can move from pilot-style crypto services to more scalable lending structures that incorporate stablecoins and non-Bitcoin assets.

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Elon Musk Backs the Physics Behind a Claim Quantum Computers Can't Break Bitcoin

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Bitcoin Price Performance. Source: BeInCrypto

Elon Musk has backed a fringe physics theory that says quantum computers can only grow so big. Crypto traders turned his five word reply into proof that Bitcoin (BTC) is already safe from them.

But it is not proof. The theory comes from Oxford physicist Tim Palmer, predicting that quantum machines stall somewhere between 200 and 400 qubits.

What Musk Actually Said

Musk was not talking about Bitcoin. On August 29, he replied to an Institute of Art and Ideas post about Palmer’s work.

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He agreed the universe comes in fixed chunks. He said nothing about private keys or Bitcoin’s quantum problem. Investor Fred Krueger cited him a day later anyway, under the headline that Bitcoin is already quantum-safe.

“Bitcoin may already be quantum-safe…The latest estimates require at least 835 logical qubits to break Bitcoin’s signatures with Shor’s algorithm…Elon Musk and Steve Jurvetson have commented positively on this research,” he said.

The Physicist Behind the Theory

Palmer’s credentials are real, though they sit outside this field. He is a Royal Society fellow, elected in 2003, and spent his career building weather forecasting models at Oxford.

His paper ran in the Proceedings of the National Academy of Sciences (PNAS) in March. It argues nature contains no smooth continuum, so entanglement eventually hits a wall.

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Palmer puts that wall at 200 to 400 qubits on current hardware, and says it will never pass 1,000. Ordinary quantum theory sets no such limit, which leaves him in a minority until a machine proves him right.

The Gap Nobody Can Close Yet

Cracking Bitcoin’s signatures takes an estimated 835 logical qubits. A July study by Han Luo and colleagues cut that from earlier figures of 1,098 and 1,175. Those shrinking qubit estimates are the part worth watching.

The hardware is nowhere near either number. IBM plans a machine with 200 logical qubits by 2029. That would test Palmer’s floor. It would not touch Bitcoin.

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Bitcoin’s price action has ignored the argument, with BTC near $78,449 after a 1.17% daily gain.

Bitcoin Price Performance. Source: BeInCrypto
Bitcoin Price Performance. Source: BeInCrypto

Developers are not waiting for physics either, and a post-quantum migration proposal is already circulating. The real test arrives around 2029.

The post Elon Musk Backs the Physics Behind a Claim Quantum Computers Can't Break Bitcoin appeared first on BeInCrypto.

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Crypto Lost $3.63B to Exploits Since 2025: 60% of Hit Platforms Had Been Audited (CoinGecko)

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Crypto platforms have lost more than $3.63 billion to security incidents between January 2025 and July 2026. CoinGecko documented 245 attacks during the period.

The 10 largest incidents accounted for more than 72.5% of the total amount stolen, demonstrating that a relatively small number of major breaches drove most of the losses. Infrastructure and supply-chain vulnerabilities were the biggest sources of damage across both centralized exchanges and decentralized exchanges. Combined losses exceeded $1.8 billion.

Most Attacked Platforms Had Been Audited

Security failures involving Bybit and KelpDAO were notable examples. CoinGecko also found that the main weaknesses differ depending on how platforms are built.

For centralized exchanges, compromised private keys remained the most common point of failure, while decentralized applications lost $546 million through sophisticated smart contract exploits. Both centralized and decentralized platforms, however, remain exposed to oracle and market manipulation, with errors in internal mechanisms causing major losses for platforms including Bitget, Binance and Hyperliquid.

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Upon examining the role of security checks, the report found that having an independent audit did not prevent many of the incidents. Of the 245 attacks recorded since early 2025, 147 involved protocols that had undergone audits before they were compromised. In fact, these audited platforms accounted for over 88% of the total capital drained during the 19-month period.

Conventional audits often do not cover the areas exploited in major attacks. Many incidents involved external infrastructure, unaudited code changes, or systemic features that were manipulated through governance attacks. Only about 11% of the incidents involving audited platforms were linked to smart contract vulnerabilities that fell within the audit scope, although those flaws still caused $396 million in losses.

CEXes generally do not use the same audit model as decentralized protocols and instead rely on compliance measures and financial attestations such as Proof-of-Reserve. However, CoinGecko said that such safeguards provide limited protection against social engineering and severe private-key security failures.

Crypto Insurance Is Shrinking

Even as exploits increased, active coverage across leading crypto insurance protocols has declined 20.2%, falling from $163.2 million to $130.2 million. Cumulative payouts have remained largely unchanged at $33 million. The report said high risks in the sector may have discouraged users from supplying capital or buying coverage at higher premium prices.

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Crypto insurance can also have a narrow scope, as claims are often limited to verified smart contract exploits or infrastructure failures. Losses linked to human error, compromised private keys, or market volatility may not qualify.

As of August 2026, five of nine on-chain insurance protocols had become inactive or moved to other segments.

The post Crypto Lost $3.63B to Exploits Since 2025: 60% of Hit Platforms Had Been Audited (CoinGecko) appeared first on CryptoPotato.

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Sber Considers USDT Lending as Digital Ruble Demand Comes Under Scrutiny

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Crypto Breaking News

Russia’s largest bank, Sber, is preparing to widen its crypto-backed lending by allowing additional collateral types, including Tether’s USDt stablecoin and Ether, alongside Bitcoin. The expansion is expected to roll out as Russia’s new regulated crypto market framework takes effect and the central bank authorizes which assets may be traded on regulated venues.

In a report carried by TASS, Sber deputy chairman Anatoly Popov said the bank will adjust its existing lending products and expand them gradually once the regulatory conditions are met. Specifically, Sber plans to add USDt and Ether as collateral after the Bank of Russia permits these assets for public exchange trading.

Key takeaways

  • Sber plans to accept Tether’s USDt and Ether as collateral for crypto-backed lending, in addition to Bitcoin.
  • The timing depends on Bank of Russia authorization for USDt and Ether to trade on regulated exchanges.
  • Russia’s regulated crypto framework is tied to provisions taking effect Sept. 1, following a law signed by Vladimir Putin on Aug. 4.
  • The move signals increased institutional use of major crypto assets in Russia’s banking sector under regulation.
  • Sber leadership has been more cautious about demand for the digital ruble than for broader crypto-linked services.

How Sber’s collateral plan fits Russia’s regulated crypto rollout

Russia’s approach to digital assets is moving toward a more structured market, with the Bank of Russia playing a central role in determining which cryptocurrencies can be traded on regulated exchanges. The law signed by President Vladimir Putin on Aug. 4 establishes the framework for regulated crypto activity, with core provisions scheduled to begin on Sept. 1.

According to TASS, Popov said Sber will “adapt its existing products” and extend their scope over time as the new rules come into force. The practical hinge is the Bank of Russia’s permission for specific assets to be listed for public trading on regulated platforms—once those approvals are granted, Sber intends to allow those same assets to be used as lending collateral.

This matters for borrowers and lenders because collateral eligibility can directly affect borrowing availability, loan terms, and the range of customers a bank can serve. If USDt and Ether are treated as eligible assets, Sber would be able to support a broader set of market participants than a Bitcoin-only model.

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Bank of Russia’s exchange-eligibility criteria and the proposed asset list

The Bank of Russia’s regulatory work is focused on which crypto assets qualify for trading on regulated exchanges. Cointelegraph previously reported that the central bank proposed Bitcoin, Ether, and USDT (Tether’s token) for regulated exchange trading on Aug. 11. That proposal was said to include requirements such as market capitalization, trading volume, and a minimum of five years of price history on overseas markets.

While Sber’s lending plan is framed conditionally—collateral will be added after the Bank of Russia permits these assets—Sber’s readiness to expand suggests the bank is tracking the central bank’s evaluation closely. For market participants, the key question is not whether these assets are being discussed, but whether they ultimately receive authorization for regulated exchange trading under the final rubric.

If the approvals proceed as outlined in earlier proposals, it would create a clearer pipeline from regulated trading eligibility to mainstream institutional credit use, potentially reducing friction for clients who want to borrow against widely used crypto assets.

Bitcoin-first, then stablecoins and Ether: what changes for borrowers

Sber’s stated direction is incremental rather than abrupt: the bank will “gradually” expand its offerings as the legal framework takes effect. The inclusion of both a major stablecoin and Ether is notable because it would diversify collateral beyond a single volatile asset and—at least in principle—offer alternative risk profiles to borrowers.

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Stablecoins like USDt are often treated by institutions as a more operationally convenient collateral type than assets that swing sharply with market conditions, though the exact risk treatment depends on the lender’s internal models and haircuts. Ether as collateral can similarly broaden access for users who hold or transact in DeFi- and smart-contract ecosystems.

In practical terms, adding USDt and Ether could also improve Sber’s ability to match lending demand with collateral supply among different customer groups—especially as Russia’s regulated crypto environment develops and more participants look to use compliant on-ramps and trading channels.

Sber’s separate stance on the digital ruble

Beyond crypto-backed lending, Sber’s leadership has also spoken about Russia’s central bank digital currency, the digital ruble. TASS reported that Sber’s chief financial officer Taras Skvortsov expressed skepticism about broad demand ahead of a wider rollout on Sept. 1.

Skvortsov reportedly said there was “little evidence of broad demand” for the digital ruble, arguing that there was no clear push from retail, corporate clients, or financial institutions. TASS further attributes the view to a lack of active interest beyond the central bank’s own role.

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That contrast—cautious posture toward the CBDC while planning expansion of crypto-collateral lending—highlights the different adoption dynamics each instrument may face. While the digital ruble is designed as a regulated form of central bank money, Sber appears to be focusing on expanding services around crypto assets that already have established market behavior and (potentially, once authorized) clearer exchange rules.

For observers, the tension is worth watching: Russia’s financial system may see more immediate institutional utility from crypto assets (under regulation) than from CBDC adoption, depending on user demand, product usefulness, and how operational workflows fit into banks’ offerings.

What to watch next

Investors and market participants should closely monitor whether the Bank of Russia’s authorization process leads to USDt and Ether being approved for regulated exchange trading—because Sber’s ability to accept those assets as collateral depends directly on that decision. With core provisions of the crypto law set to begin on Sept. 1, the next key developments are the central bank’s final determinations and how quickly major banks translate regulatory eligibility into new lending terms.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Cronos Blockchain Stops After Reported $75 Million Hack Attempt

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Cronos (CRO) Price Performance. Source: BeInCrypto

Cronos stopped its entire blockchain on Sunday after an attacker drained Tectonic, the biggest lending protocol on the network. Crypto.com said its own app and exchange were never touched.

Most of the money never left the chain before validators pulled the plug, likely explaining why the CRO token price remained unaffected, surging nearly 5%.

Cronos (CRO) Price Performance. Source: BeInCrypto
Cronos (CRO) Price Performance. Source: BeInCrypto

How Cronos, Tectonic, and Crypto.com Fit Together

These are names, representing three different things. Crypto.com built Cronos, an Ethereum-style chain, and issues the CRO token securing it.

Tectonic is not Crypto.com’s code. It launched in December 2021 out of the Cronos Labs incubator and runs independently.

That makes the Crypto.com reassurance true but narrow. The exchange was never exposed. Tectonic depositors are another matter.

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Tectonic was still almost the whole lending market on Cronos. It held about $121.6 million, or 46% of all DeFi value on the chain, DefiLlama data shows. The next biggest lender holds about $30,000.

What the Companies Confirmed

Cronos Network said it found the exploit and halted block production. Tectonic warned depositors to stay away.

Crypto.com CEO Kris Marszalek said the app and exchange ran normally, with a postmortem to follow.

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Nobody has said whether Tectonic depositors will be repaid.

Why This Tectonic Exploit Could End Differently

Researcher Weilin Li put the drain at roughly $75 million. Only about $6 million reached Ethereum before the freeze, Li said. Some $60 million sits stranded on Cronos. That is about 91% of the haul, going nowhere.

Treat those numbers as provisional, as nothing is confirmed until the postmortem lands.

Compare the $8.7 million Moonwell exploit three days earlier. Base kept producing blocks. The money walked.

Cronos could stop because of how it is built. It runs on Tendermint with a cap of 100 validators, making a coordinated pause realistic.

There is also precedent. A bridge exploit minted $570 million on BNB Chain in October 2022. Within five hours, 26 validators paused the network and recovered close to $470 million.

The trade-off is the one raised by the Linea chain halt debate. A chain somebody can switch off is also a chain that can claw money back. Same property, judged twice.

Validators now pick. Roll back, blacklist the attacker, or restart untouched. That decides whether the tentative $60 million comes home.

The post Cronos Blockchain Stops After Reported $75 Million Hack Attempt appeared first on BeInCrypto.

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Bitcoin Price Analysis: Is BTC Entering a Consolidation Phase After Its Explosive Rally?

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Bitcoin’s powerful breakout has lost some of its initial momentum after reaching the $80K region. With both spot price action and futures activity showing reduced conviction, BTC appears increasingly likely to enter a choppy consolidation phase before establishing its next major directional move.

Bitcoin Price Analysis: The Daily Chart

Bitcoin’s daily structure remains substantially stronger following the impulsive breakout from the $64K-$65K region. The rally pushed the price above both major moving averages shown on the chart and decisively cleared the $65.9K-$67.1K and $72K-$74.4K resistance zones.

However, bullish momentum has faded after BTC reached the major $80.5K-$82.5K supply zone. Several recent candles show hesitation beneath this area, with Bitcoin currently hovering above $78K. This suggests that buyers have not yet generated enough follow-through to force another decisive expansion.

The broader structure remains bullish while BTC stays above the reclaimed $72K-$74.4K zone, but the immediate outlook appears more neutral. Continued weakness in momentum could result in sideways and volatile price action between this support area and the $80.5K-$82.5K resistance zone.

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A decisive break above $82.5K would favor bullish continuation. Conversely, losing the $72K-$74.4K region would represent a more meaningful deterioration in the post-breakout structure.

BTC/USDT 4-Hour Chart

The 4-hour timeframe provides a clearer indication that short-term momentum is weakening. Following the initial surge, Bitcoin formed a rising channel beneath the $80K-$82K resistance area. The asset has now broken below the channel’s lower boundary, interrupting the sequence of higher lows.

Despite this breakdown, BTC has not accelerated significantly lower and is instead stabilizing around $77K-$78K. This lack of bearish follow-through reinforces the possibility of choppy consolidation rather than an immediate large correction.

For buyers to regain short-term control, Bitcoin would need to reclaim the broken channel and push back through the $80K region. Until that occurs, the recent highs around $80K-$82K remain the primary resistance zone.

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On the downside, the $72K-$74.4K area represents the most important nearby support. With momentum fading on both sides, BTC could continue fluctuating between these broader boundaries while the market searches for sufficient liquidity to establish its next trend.

Sentiment Analysis

The Bitcoin Futures Average Order Size chart supports the lack-of-momentum scenario. The metric categorizes futures activity according to the relative size of orders, providing insight into whether whales, smaller participants, or more ordinary flows are dominating trading.

The latest readings are predominantly classified as normal orders, with no sustained cluster of large whale activity visible at the end of the chart. This indicates that major futures participants are not showing particularly strong directional conviction despite Bitcoin trading near $78K.

Combined with the hesitation visible in spot price action, the absence of notable large futures orders suggests participation is currently insufficient to support another highly impulsive move. Neither aggressive demand nor overwhelming supply appears dominant.

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As a result, Bitcoin may remain vulnerable to low-momentum, volatile consolidation in the short term. A renewed concentration of large whale orders alongside a breakout from the current spot range would provide a stronger indication that directional momentum is returning.

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Real Trump Coins Denies GOLD Token Launch, Cites ‘Bad Actors’

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Crypto Breaking News

Real Trump Coins has denied any involvement in the brief launch and promotion of a Solana-based token called “Trump Digital GOLD,” which appeared across its online channels before disappearing. The company said the activity was driven by “third-party bad actors,” adding that it is working with authorities to investigate.

The denial followed a short-lived marketing push from the Real Trump Coins X account on Saturday. That account promoted the token and directed users to RealTrumpCoins.com, where GOLD was also advertised. The posts were later deleted, and the X account now points to a different domain, TrumpCoins.com.

Key takeaways

  • Real Trump Coins says it never authorized the “Trump Digital GOLD” token and is investigating the incident with authorities.
  • Blockchain analytics highlighted a highly concentrated token allocation, with team-linked wallets reportedly controlling the majority of supply.
  • Both the X account activity and the RealTrumpCoins.com promotion created confusion about whether any platform compromise occurred.
  • The token’s rapid disappearance after promotion underscores how quickly scam tokens can be distributed and then pulled.

Denial and escalation to authorities

In an X post on Saturday, Real Trump Coins stated: “Trump Coins has not authorized and will not launch, promote, or authorize any digital token.” The statement also said the team is working with authorities to investigate what happened.

The company’s message came after the Real Trump Coins X account promoted GOLD and users were routed to RealTrumpCoins.com. Observers noted that the X posts were subsequently removed and that the account’s linked domain changed, suggesting either a rapid corrective action—or that attackers may have shifted infrastructure to reduce traceability.

Real Trump Coins also clarified through its denial that it will not stand behind any token promotion that appears under its brand. For investors and token buyers, that distinction matters because brand-adjacent campaigns are often used to build short-term credibility for new tokens.

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What Lookonchain’s wallet analysis suggests

Separate from the brand dispute, blockchain analytics reported unusually tight control over the token’s initial distribution. According to Lookonchain, the developer and newly created wallets controlled 82.45% of GOLD’s supply.

Lookonchain further reported that 15 wallets associated with the team sold their holdings for about $330,000, estimating profits around $312,000. Such concentration is a common red flag in token launches that operate more like coordinated distribution events than community-driven projects, particularly when promotions are short-lived.

This kind of structure typically enables insiders to move supply quickly—especially when liquidity is limited—while public buyers may only have brief windows to react to the promotion. Even if the brand claims innocence, the on-chain pattern described by Lookonchain indicates that GOLD’s rollout behaved like a pre-planned distribution rather than a distributed issuance.

Why the X account and domain mismatch raised questions

Crypto observers were unsettled by how closely the token promotion appeared to track Real Trump Coins’ online identity. One point of confusion was the apparent linkage between the X account and the brand’s web presence.

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At the time the incident was being discussed, the Real Trump Coins X profile bio had been updated to link to TrumpCoins.com, while at least one earlier post still directed customers to RealTrumpCoins.com as recently as Aug. 25. That earlier post remained online at the time of publication.

In addition, some observers noted that Real Trump Coins was still following the Real Trump Coins X account—one of several accounts (53) it reportedly followed. That detail matters because it can imply either long-standing relationships between accounts or overlapping community management, raising further questions about whether the promotional activity could have been compromised or hijacked.

RuneCrypto_, an X user, publicly questioned how both the account and the domain could have been affected, pointing to the inconsistency between the X bio link and the continued RealTrumpCoins.com promotion.

As of the time of reporting, RealTrumpCoins.com still displayed the GOLD promotion, while the X account had shifted its linked destination to TrumpCoins.com. That sequence suggests the web and social layers were not aligned at the same time—either due to attacker behavior, partial cleanup by the legitimate operator, or asynchronous removal after deletion of the token posts.

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How quickly these campaigns move—and what to watch next

The Real Trump Coins denial and the subsequent deletion of posts illustrate a pattern seen in many token scams: promotional content spreads quickly, routes users to a branded website to increase trust, and then is removed once attention rises or funds begin moving.

The on-chain reporting from Lookonchain adds another layer for observers: even if a brand operator did not authorize the token, insider-style wallet concentration and rapid selling can make such events damaging to retail participants. Buyers may be exposed before they fully understand what is legitimate and what is unauthorized.

Moving forward, investors and community members should watch for several practical signals: whether Real Trump Coins publicly provides follow-up findings from its investigation, whether the token contract receives any official takedown or blacklisting responses, and how the involved wallets behave after the initial promotion window.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Michael Saylor hints at first bitcoin purchase in two months as Bitcoin nears $79,000

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Strategy (MSTR) and Metaplanet (3350) are betting on math, not BTC price: Crypto Daily


Bitcoin rebounds from Friday’s low as Strategy’s valuation expands and bitcoin dominance climbs above 60%.

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Anthropic Downloaded Music From Torrent Sites to Train Claude

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Anthropic Downloaded Music From Torrent Sites to Train Claude

Sony Music Publishing and Warner Chappell Music sued Anthropic on Friday. They say the company used BitTorrent to take songbooks, then fed them to Claude.

While Anthropic has already admitted torrenting books, it has never conceded that music sat inside those files, hence the copyright case.

Anthropic Music Lawsuit Explained

The complaint names two hauls, both from shadow libraries and containing unlicensed copies of published works.

  • Roughly 5 million books came from Library Genesis in June 2021.
  • Another 2 million came from Pirate Library Mirror in July 2022.

According to the publishers, sheet music and songbooks sat in those collections. Torrenting is not the only route in the filing.

The publishers also say Anthropic scraped lyrics from Musixmatch and LyricFind. Both sites pay for the right to display them.

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“…one of the largest and most blatant ongoing thefts of intellectual property in history,” the opening line of the complaint reads.

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Why Torrenting Is the Dangerous Part

A judge has already drawn this line once. Buying books and scanning them leaned toward fair use. Taking them from pirate sites did not. The same judge described those downloads bluntly.

“…straightforward piracy but at massive scale.”

That is why Anthropic’s destructive book scanning program survived court, while its downloads ended in a settlement.

Torrenting sits on the wrong side of that line, and it carries a second problem. The software uploads while it downloads. Every copy taken is also a copy shared.

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Two of the four counts rest on that point, with both naming Dario Amodei and Benjamin Mann as individuals, not as employees. Companies settle. People give depositions.

What It Could Cost

The publishers want up to $150,000 for each song a jury finds was knowingly infringed. The publishers say hundreds of their songs sat in those files. They put the wider training claim in the tens of thousands.

Notably, however, Anthropic has beaten these publishers before. It beat their bid to block Claude’s training in a 2023 case over lyrics. It agreed to run output guardrails instead.

It has not commented on this one.

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Everything now turns on discovery. Did the songs reach Claude through a purchase, or through a swarm?

The post Anthropic Downloaded Music From Torrent Sites to Train Claude appeared first on BeInCrypto.

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Ripple (XRP) ETFs Smash 2026 Inflow Record as Total Flows Hit New ATH

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The winds of change continue to impact how investors view the spot XRP ETFs, with the inflows in the past week exceeding $110 million for the first time since early December, 2025.

Naturally, the cumulative total net inflows have reached a new all-time high, while Bitwise’s XRP ETF has extended its lead as the largest of the bunch.

2026 Record Hit

On a rare occasion in the past several months, all five trading days saw double-digit net inflows. Investors kicked off the week by pouring $13.82 million on Monday and another $23.87 million on Tuesday. The most impressive day was Wednesday, when the net inflows hit $28.14 million. This was the single-best daily performance since January 5, when the funds attracted over $46 million.

Another $18.47 million entered the funds on Thursday, and $26.20 million on Friday. This brought the total for the week to $110.49 million – the best five-day performance since the week that ended on December 5.

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The cumulative total net inflow reached $1.66 billion on Friday, a new all-time high following last week’s market shift, when investors returned to the XRP ETF scene. Before that, there were multiple examples of days with no actual net flows.

Spot XRP ETF Inflows. Source: SoSoValue
Spot XRP ETF Inflows. Source: SoSoValue

Bitwise’s XRP ETF remains the largest, with the cumulative net inflows skyrocketing to just over $600 million. The first to see the light of day, Canary Capital’s XRPC, follows suit with $483 million, while Franklin’s XRPZ is third with $462.86 million.

XRP Halted at $1.70

The underlying asset exploded between August 19 and 22, surging from the key psychological support at $1.00 to a multi-month high of $1.70. After gaining 70% in less than 72 hours, though, the asset slumped to $1.50 at the start of the business week.

Despite the impressive inflows mentioned above, it couldn’t maintain that level and dipped to and below $1.40 by the end of the week. It currently fights to reclaim that level after a 1.3% increase on a 24-hour scale.

Analysts believe the next move will depend on whether XRP can defend the $1.35-$1.38 support zone, which was tested on Friday after Kevin Warsh’s hawkish speech. If the token is to rebound, the first major obstacle it needs to overcome to continue upward is at $1.60, which is a level that has frequently stopped its breakout attempts in the past six months.

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From Hawala to Swift: Inside the 1,000-year battle to move money safely

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From Hawala to Swift: Inside the 1,000-year battle to move money safely


Finance has spent centuries decoupling wealth from physical transport, but constantly erasing friction creates vectors for increasingly high-tech exploits.

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