The post Crypto News: Nemo Protocol Loses $2.4M in Sui Network Hack appeared first on Coinpedia Fintech News
It has been reported that the Nemo protocol was hacked on the Sui Network, losing approximately $2.4 million. The savage act highlights the constant battle against malicious actors in the DeFi (decentralized finance) space while sending a ripple of concern across the community.
What Happened in the Nemo Protocol Sui Hack?
The incident was first reported by security firm PeckShield, which said the hacker has already moved the stolen USDC from Arbitrum to Ethereum using Circle’s bridging service. Following the hack, the total value locked in the Nemo yield trading tanked to $1.54 million from over $6 million, according to data source DeFiLlama.
Nemo team acknowledged the exploit on Monday in a community announcement on its Telegram. According to the Block, Nemo team wrote, “Dear Nemo Community, a security incident occurred last night, impacting the Market pool.”
“We are investigating the matter and have suspended all smart contract activity for the time being. We plan to share when more information becomes available,” the team added.
Question Raises on Sui Network Security and Nemo
These type of large security breach actions inevitably raises questions about the overall security posture of Sui Network. This can erode user confidence and damage the network’s reputation.
Moreover, the future projects building on Sui may face increased scrutiny regarding their smart contract security and audit processes.
Nemo’s absence in sharing the updates regarding the news has distressed the community even more. Users are now questioning on social media, asking about the whereabouts of Nemo.
Crypto Hacks in September
Nemo is the third big victim of the hackers this month. Earlier in September, $2 million was stolen from OlaXBT, and then $8.4 million from the Bunni protocol. Looking at the cycle of hacks in 2025, it is confirmed that these frauds have been rising for the last three months. In August alone, hackers stole more than $163 million from different platforms and companies.
The post Strategy adds 1,955 Bitcoin, expanding its holdings to 638,460 BTC appeared first on Coinpedia Fintech News
Michael Saylor’s firm “Strategy” has recently acquired 1,955 BTC for around $217.4 million, at an average price of approximately $111,196 per bitcoin. As of September 7, 2025, the company holds a total of 638,460 BTC, purchased for about $47.17 billion at an average price of $73,880 each. This significant accumulation showcases Strategy’s long-term dedication to Bitcoin as a core treasury asset, reflecting its substantial investment in the digital currency market.
The post DOGE Price Eyes Breakout as First DOGE ETF Nears Launch appeared first on Coinpedia Fintech News
The meme coin market is up 5% to $70.26 billion market cap, and DOGE price is the top driver for this surge. The bulls entered with a fresh wave of optimism as the DOGE price crossed the edge of a much-awaited breakout zone.
Following several weeks of consolidation, Dogecoin crypto is showing signs of strength, supported by the possibility of a DOGE ETF launch this week, highlighted by Nate Geraci, that could provide a major catalyst for upside.
This move of DOGE has uplifted several other memes in the day, including SHIB, PEPE, PENGU, and others. Now, the make-or-break, crucial time is attracting all kinds of risk traders, and they are closely watching the DOGE price chart for confirmation of a bullish trend.
DOGE Price Teases Breakout After Long Consolidation
The market has been buzzing with expectations as DOGE appears to be breaking out from an extended consolidation phase. Chart watchers on X broadly suggest that DOGE/USD could be heading toward the $0.30 region if the move sustains.
This technical setup comes at a time when sentiment around meme coins is strengthening, with other large-cap meme assets like SHIB, and PEPE also posting notable gains. As a result, the DOGE price prediction has gained renewed attention among retail and institutional traders alike.
One of the strongest narratives pushing sentiment higher is the growing likelihood of the first DOGE ETF launch. Reports suggest that the Rex-Osprey DOGE ETF (ticker: DOJE) could debut this week, potentially setting off a new wave of interest in Dogecoin crypto.
First dogecoin ETF appears likely to launch this week…
Rex-Osprey DOGE ETF (DOJE).
Get ready.
Think we’re in for *wild* next 2 months for crypto ETFs.
— Nate Geraci (@NateGeraci) September 7, 2025
The potential introduction of a DOGE ETF adds an institutional layer to Dogecoin’s market structure, similar to how ETFs influenced Bitcoin and Ethereum adoption. If confirmed, this development could accelerate trading volumes and further validate DOGE price USD as a mainstream crypto asset.
Analysts Eye Rally Toward $0.30+
Technical projections now highlight a potential rally toward $0.30+ should the breakout hold. The consolidation base that DOGE price has built provides a strong foundation, and the momentum from ETF speculation adds fuel to the move.
$Doge #Doge Breaking After Long Consolidation, Anticipating Rally Towards 0.30+ After Successful Breakout pic.twitter.com/j75V8nOtUH
— World Of Charts (@WorldOfCharts1) September 8, 2025
Experts believe that the combination of technical strength and fundamental catalysts like the DOGE ETF could create highly volatile trading sessions ahead. This aligns with the DOGE price forecast that suggests wild moves may unfold in the next two months, particularly if crypto ETF launches continue to expand.
Therefore, the broader meme coin sector is showing signs of revival, and Dogecoin appears well-positioned to capture renewed interest.
The post Altvest Capital Becomes Africa’s First Bitcoin Treasury Company, Set for Rebrand appeared first on Coinpedia Fintech News
South Africa is witnessing a growing wave of interest in Bitcoin.
Altvest Capital, a South African investment firm, is leading the way with plans to expand its involvement in the cryptocurrency market.
According to a report from Bloomberg, Altvest Capital is planning to raise $210 million to expand its Bitcoin holdings.
Formal Adoption of Bitcoin Treasury Strategy
Earlier in February, Altvest purchased just over 1 Bitcoin as part of its long-term treasury strategy. The company had said that it would continue to monitor its Bitcoin holdings based on market conditions and regulations.
Altvest has announced a formal adoption of its Bitcoin Treasury Strategy and plans to accumulate and hold BTC to protect value, hedge against inflation, and give shareholders long-term exposure to Bitcoin’s growth potential.
“This strategic shift, which will position Altvest as Africa’s first Bitcoin Treasury company, will offer its Shareholders long-term value anchored in a resilient and globally liquid asset,” it said.
Balancing Bitcoin Growth with Shareholder Value
Altvest sees the treasury strategy as a way to give more people access to alternative investments while keeping its existing businesses running smoothly. Shareholders can benefit from the potential upside of Bitcoin along with steady returns from current operations.
The Johannesburg Stock Exchange currently has no regulatory framework for issuers investing in crypto. Altvest has committed to full compliance once rules are introduced.
The company plans to launch several fundraising initiatives in the coming months to acquire more Bitcoin.
Rebrand Soon?
Meanwhile, the Board has also proposed to change the company’s name from Altvest Capital Limited to The Africa Bitcoin Corporation Limited, subject to shareholder approval.
The new name is expected to take effect on 12 November if approved.
Corporate Bitcoin Adoption Hits New Highs
Altvest’s move follows a global trend in corporate Bitcoin adoption. Public companies now hold over 1 million Bitcoin collectively, with Strategy leading the way with 638,460 BTC.
Experts predict that as more companies adopt Bitcoin treasury strategies, corporate adoption will continue to grow, eventually making digital asset strategies a common practice.
The post Backpack EU Launches Regulated Perpetual Futures Trading Platform appeared first on Coinpedia Fintech News
Backpack EU has launched as one of Europe’s first fully regulated cryptocurrency exchanges offering perpetual futures trading. Licensed under the MiFID II framework and regulated by the Cyprus Securities and Exchange Commission (CySEC), Backpack EU provides over 40 trading pairs with up to 10x leverage. Following its acquisition of FTX EU, the platform aims to rebuild trust and security in the European crypto market by delivering a compliant, transparent, and advanced trading environment for both retail and institutional traders.
The post Cheapest Crypto to Buy Now? Why Mutuum Finance (MUTM) Could Be the Next 25x DeFi Play appeared first on Coinpedia Fintech News
For many investors, the most exciting opportunities in crypto aren’t found in the blue-chip names that already dominate the market but in early-stage tokens with both low entry prices and strong upside potential. Priced at just $0.035, Mutuum Finance (MUTM) is quickly gaining attention as one of the cheapest yet most promising DeFi tokens available today. Backed by innovative technology, and over $15.4 million raised so far, MUTM is increasingly being tipped as the next big growth story in 2025.
Why Early Entry Matters in Crypto
History has shown that some of the biggest crypto success stories came from tokens that were once considered “cheap.” In 2021, Shiba Inu (SHIB) delivered life-changing returns to early adopters who got in when prices were microscopic. Likewise, early investors in Aave (AAVE) and Solana (SOL) watched their holdings multiply as the projects grew from little-known ventures into multi-billion-dollar ecosystems.
The key advantage of lower-priced tokens is accessibility. Investors can accumulate larger positions with modest amounts of capital, amplifying potential gains if the project grows. While established assets like ADA or AVAX may still appreciate, their higher valuations cap the chance of exponential upside. This is why many investors, including whales, are now targeting projects like Mutuum Finance, which offer both affordability and utility.
Mutuum Finance (MUTM)
Mutuum Finance (MUTM) has entered Phase 6 of its presale, with tokens available at $0.035 each. The project has already attracted over 16,100 holders and surpassed $15.5 million in contributions, making it one of the most successful presales of 2025 to date.
For investors entering now, the appeal is clear. With the official launch price set at $0.06, Phase 6 participants at $0.035 are positioned for nearly 100% gains by listing. Early investors from Phase 1, who entered at $0.01, are already up roughly 300%, a key reason whales have been steadily accumulating ahead of the next growth phase.
The presale is also structured to reward early entry, with the next phase priced at $0.04, a jump of nearly 20% from today’s level, highlighting how every stage brings built-in gains for investors who act sooner rather than later.
DeFi Utility
While many presale tokens debut without utility, Mutuum Finance is creating a decentralized, non-custodial lending protocol featuring a dual-market structure.
In the P2C market, users contribute assets such as ETH, BNB, or USDT to liquidity pools and receive mtTokens as proof of deposit. These mtTokens not only accrue interest automatically but can also be staked for additional MUTM rewards, providing holders with multiple layers of passive income. For example, a user supplying 700 BNB would receive mtBNB that grows in value over time as borrowers pay interest, while also having the option to stake those mtBNB tokens to earn MUTM on top.
In the Peer-to-Peer (P2P) market, borrowers engage directly with lenders to arrange loans. Here, they can choose between variable interest rates, which fluctuate based on liquidity conditions, or stable rates, which provide predictable repayment costs. For example, a borrower seeking 3 ETH could opt for a variable rate that starts at 5% but adjusts if liquidity tightens, or locks in a stable rate at 7% to ensure fixed repayments. By offering this level of flexibility, Mutuum Finance caters to both conservative users and those willing to take on greater risk.
The ecosystem is reinforced by a buy-and-distribute model, where part of the protocol fees goes toward buying MUTM tokens on the open market. These are then redistributed, creating steady buying pressure that supports long-term value appreciation.
Oracles & Security
One of the most important aspects of any lending protocol is the accuracy and reliability of its pricing system. Mutuum Finance addresses this with a robust oracle infrastructure. The protocol integrates Chainlink price feeds, ensuring assets are valued against trusted, decentralized data sources. In addition, fallback oracles provide backup in case of latency or disruptions, while decentralized exchange (DEX) time-weighted averages can also be used for added redundancy.
This multi-layered oracle system ensures fair collateral valuations and prevents market manipulation from jeopardizing the protocol’s solvency. It also means liquidations can occur in a timely and accurate manner, protecting both lenders and the protocol itself.
Security extends beyond oracles as well. Mutuum Finance has already undergone a CertiK audit, scoring an impressive 95/100, a result that places it among the more secure projects in the DeFi space. To further strengthen trust, the team has also launched a $50,000 bug bounty program, encouraging independent developers to identify and report vulnerabilities. Together, these measures demonstrate Mutuum Finance’s commitment to delivering a protocol that is both robust and transparent for its users.
MUTM as the Next 25x DeFi Play
For investors, numbers often tell the clearest story. Consider a $950 investment at the current presale price of $0.035. By the time MUTM reaches its launch price of $0.06, that investment would already be worth about $1,630, nearly doubling in value.
Once Mutuum Finance achieves a short-term target of $0.75 shortly after launch, the same $950 could grow to approximately $20,350. Looking longer term, when adoption and momentum push MUTM to $1.75, that investment would reach around $47,500. These predictions demonstrate why early entry into high-potential tokens is such a powerful strategy and why whales are moving in now.
With its low entry price, strong presale performance, innovative lending model, and emphasis on security, Mutuum Finance (MUTM) is positioned as one of the most attractive opportunities in the current market. Over $15.5 million raised and whale participation underscore growing confidence, while the launch of a beta platform at listing and its oracle-backed security infrastructure give it utility from day one.
In a market where affordability and upside potential matter more than ever, Mutuum Finance stands out not just as the cheapest crypto to buy now, but as a DeFi token tipped to deliver up to 25x growth in the years ahead.
For more information about Mutuum Finance (MUTM) visit the links below:
The post President Bukele Acquires $2.3 Million Worth of Bitcoin To Honor El Salvador’s Bitcoin Day appeared first on Coinpedia Fintech News
El Salvador’s President, Nayib Bukele, celebrated the nation’s fourth anniversary of the Bitcoin Law by purchasing around $2.3 million worth of Bitcoin. The country not only expanded its Bitcoin holdings to over $700 million but also proved its pro-crypto stance by continuing its BTC integration.
El Salvador Expands Bitcoin Holdings
On Sunday, El Salvador bought another 21 BTC, bringing its total holdings to 6,313.18 BTC, worth around $702 million. President Bukele revealed the news on his official X post, saying, “Buying 21 bitcoin for Bitcoin Day.” This is part of the country’s “one Bitcoin a day” approach, which has been implemented since Bitcoin became legal tender in 2021.
According to data from Bitcoin Office, the country has added roughly 28 Bitcoins in the last 7 days and over 50 BTC in the last 30 days. This move underscores El Salvador’s commitment to integrating Bitcoin into its traditional economy and educational system. Despite all the hurdles it faced since 2021, the country continues to expand its BTC holdings.
Bitcoin is trading at $111,943 currently, with a market cap of over $2.2 trillion. However, the trading volume has declined this month. It started from $34 billion in trading volume and rose to around $60 billion by September 6, but now it has dropped to $26 billion.
El Salvador Increasing Bitcoin Security
In August, El Salvador redistributed its holdings across multiple addresses with a cap of 500 BTC per address. Later, the National Bitcoin Office revealed that the initiative was part of a strategic move to enhance the security of its National Strategic Bitcoin Reserve.
The agency hopes that splitting the country’s BTC holdings into 14 smaller accounts could minimize the impact of a potential quantum attack.
To further boost the country’s crypto framework, El Salvador passed an “Investment Banking Law” in August. This law allows major financial institutions to offer Bitcoin and other cryptocurrency services to “qualified investors.”
It also requires financial institutions to seek licenses before providing digital asset-related services, which automatically enhances the security standard of El Salvador’s crypto framework.
The post Nasdaq Files with SEC to Enable Stock Tokenization and Blockchain Listings appeared first on Coinpedia Fintech News
Nasdaq has submitted an official filing with the U.S. Securities and Exchange Commission (SEC) to enable the listing and trading of tokenized stocks on its exchange. This move aims to bring blockchain technology into the traditional stock market, allowing investors to trade digital, blockchain-based versions of company shares. If approved, this would be a major step toward integrating crypto innovation with established financial markets, providing greater accessibility, liquidity, and transparency for investors.
This was a week where power plays abroad and policy shocks at home rippled through politics and markets alike.
From Beijing’s military pageantry with Moscow at its side to Washington’s immigration crackdown and renewed pressure on the Fed, the world’s biggest economies showed little interest in subtlety.
In London, political turmoil deepened with a high-profile resignation and hurried reshuffle, while investors on Wall Street weighed a soft US jobs report that sharpened expectations of rate cuts.
Here’s what you need to know.
Trump’s week: Fed pressure intensifies, tech titans at the White House
President Donald Trump formally narrowed his shortlist for the next Federal Reserve chair to three names — National Economic Council head Kevin Hassett, former Fed Governor Kevin Warsh and current Governor Christopher Waller — underscoring the administration’s desire for faster easing as growth cools.
In parallel, federal agents detained roughly 475 workers in a single-site immigration raid at Hyundai’s EV battery complex under construction in Georgia — work at the site was paused following the operation.
South Korea protested after officials said more than 300 of those held were its nationals, heightening diplomatic sensitivities around supply chains and foreign direct investment.
Earlier in the week, President Trump hosted a high-stakes dinner in the newly renovated Rose Garden on September 4, bringing together a who’s who of Silicon Valley—Mark Zuckerberg, Tim Cook, Bill Gates, Sam Altman, Sundar Pichai, Satya Nadella, among over two dozen tech leaders.
It was less a social call and more a staged display. Trump went around the table asking CEOs, “How much are you investing in our country?”—and the pledges poured in.
Meta and Apple each committed about $600 billion in US investments through 2028
Xi’s parade with Putin and Kim broadcasts strategic alignment
China marked the WWII victory anniversary with a major military parade in Beijing attended by Russia’s Vladimir Putin and North Korea’s Kim Jong Un — a tableau designed to project cohesion among US rivals amid wars and sanctions.
The optics, sequencing, and state media framing were unambiguous: tighter political theatre, expanding defence ties, and shared grievance narratives.
3) UK shock: Rayner quits; Starmer executes a rapid Cabinet reset
Britain’s Deputy Prime Minister Angela Rayner resigned after an ethics probe concluded she breached the ministerial code over underpaid stamp duty on a recent property purchase.
The exit triggered a quick reshuffle: David Lammy was moved to Deputy Prime Minister (and Justice Secretary), Yvette Cooper shifted to Foreign Secretary, and Shabana Mahmood took the Home Office, among other changes.
The episode is a political blow to Prime Minister Keir Starmer and reopens debates about Labour’s internal balance of power.
Wall Street: choppy finish, mixed week
US equities slipped on Friday, even as the S&P 500 and Nasdaq eked out weekly gains; the Dow finished the week lower.
Into the close, the Dow fell about 0.5%, the S&P 500 0.3%, and the Nasdaq was essentially flat on the day.
For the week: Dow −0.3%, S&P 500 +0.3%, Nasdaq +1.1%. The tape reflected a push-pull between weak macro data and hopes for deeper Fed cuts.
August nonfarm payrolls rose by only 22,000, with prior months revised to show a weaker trend; the unemployment rate ticked up to 4.3%.
The Bureau of Labor Statistics’ release reinforced the rate-cut expectations going into the September Fed meeting.
The post Weekly recap: tech titans woo Trump, Xi’s political theatre, Starmer’s reshuffle appeared first on Invezz
BMW expects its all-electric Neue Klasse series to reignite growth in China, its largest market, following a significant drop in sales in the first half of 2025.
This week, the German manufacturer introduced its first Neue Klasse model, marking the beginning of a massive portfolio makeover aimed at better competing with local rivals and regaining profitability.
Slump in China sales
BMW, like several other European automakers, has struggled to gain ground in China, where intense local competition and a weakening property market have weighed on luxury car demand.
The decline pushed BMW’s sales in the country down 15.5% in the first half of 2025, underscoring the increasingly difficult environment for foreign brands.
BMW’s Chief Financial Officer Walter Mertl struck an optimistic note despite the downturn in China.
“We are more than competitive with this product,” Mertl told Reuters. “With increasing availability of the Neue Klasse, we will see growth in China again.”
Launch of the Neue Klasse iX3
Ahead of the 2025 IAA car show in Munich, BMW on Friday unveiled the Neue Klasse iX3, an electric sport utility vehicle set to debut in China by mid-2026.
The launch marks a key step in the automaker’s efforts to shift its portfolio toward electrified transportation.
The timing underscores the rising pressure on international automakers, as the IAA has become a battleground for defending market share in Europe against a rapidly strengthening Chinese presence.
At the same time, domestic manufacturers in China continue to outpace foreign luxury rivals, leveraging lower price points and agile strategies to dominate both their home market and challenge incumbents abroad.
Cost and margin improvements
An important part of BMW’s strategy is cutting down on battery costs.
Batteries in the Neue Klasse vehicles cost 40% to 50% less than in the company’s current models, Mertl said.
Lower costs are expected to be a factor in lifting profits for the electric lineup as a whole.
With the iX3 50, BMW could reach margin parity with combustion engine vehicles as early as 2026, Chief Financial Officer Walter Mertl said.
BMW is forecasting an automotive EBIT margin of 5% to 7% in 2025, with a longer-term goal of 8% to 10%.
The company also plans to phase out its older models by the end of the decade as the Neue Klasse series takes over as the backbone of its portfolio.
Impact of US tariffs
BMW also faces hurdles in the United States, where it operates its largest production plant.
High import tariffs remain a drag on profitability, with duties expected to shave 1.25 percentage points off BMW’s profit margin in 2025, Mertl said.
The United States and the European Union have agreed to eliminate tariffs on US industrial products in exchange for reducing tariffs on European cars to 15% from the current 27.5%.
Automakers expect the new rate to be applied retroactively to August 1, which would provide relief for firms like BMW that depend heavily on cross-border production.
The post BMW bets on Neue Klasse EVs to revive growth in China after sales slump: report appeared first on Invezz
