🟣 MoneyGram launches cash-to-crypto Ramps on Solana
MoneyGram has gone live with its Ramps service on Solana, connecting wallets and apps on the blockchain directly to the company's global cash network.
Rift is the first Solana wallet to integrate the service. Cash-in is currently available in 25 countries, and developers must add their domain to a MoneyGram allowlist before accessing the on-ramp. The launch extends Ramps beyond its previous blockchain integrations as MoneyGram continues expanding its crypto payments infrastructure.
🟠 Keel shuts all U.S. Bitcoin mining as losses hit $141M
Keel, formerly known as Bitfarms, has completed the shutdown of its entire U.S. Bitcoin mining operation, leaving the company with no active domestic mining business.
Revenue halved over the reporting period while the operating loss reached $141 million. The company has no signed data center tenant and $819 million in liquidity now depends on the outcome of three separate sets of lease negotiations.
💻 Musk plans $16.8B "Terafab" chip factory in Texas
SpaceX and Tesla are planning a chip manufacturing facility called Terafab in Grimes County, Texas, with a projected cost of $16.8 billion. The facility would span over 100 million square feet — roughly five times the size of the world's current largest building.
BlackRock has reduced the in-kind conversion minimum for its iShares Bitcoin Trust (IBIT) from $25 million to $1 million — a 96% cut that significantly widens access to the fund's redemption mechanism.
The change was disclosed by Robbie Mitchnick, BlackRock's head of digital assets, in a Bloomberg Television appearance. The lower threshold opens IBIT's in-kind conversion process to a substantially broader pool of investors who previously could not meet the $25 million requirement.
IBIT is the largest spot Bitcoin ETF by assets under management. The move reflects ongoing efforts to improve the fund's accessibility and operational flexibility as institutional and retail demand for regulated Bitcoin exposure continues to grow.
🔐 North Korea's Kimsuky builds local AI for crypto attacks
North Korean state-linked hacking group Kimsuky is reportedly developing local artificial intelligence capabilities, with a focus on scaling crypto-targeted phishing and social engineering operations.
By running AI tools locally, the group aims to reduce reliance on external platforms that could flag or restrict malicious use, making it harder to detect and disrupt their operations. The move signals a broader shift toward AI-assisted cyber threats directed at the crypto sector.
Kimsuky has a long track record of targeting crypto exchanges, developers, and institutions through sophisticated social engineering campaigns.
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An anonymous Bitcoin holder has sold more than 7,500 BTC — worth approximately $486 million — since mid-July, with a fresh transfer of 1,019 BTC recorded just hours ago, according to on-chain analytics firm Lookonchain.
The identity of the seller remains unknown. The consistent distribution pace has made this one of the largest recent sell streaks tracked on-chain, drawing attention from market observers monitoring large wallet activity.
No wallet label or known entity has been linked to the address by Lookonchain.