[Coin World] Due to capacity constraints, Ethiopia has suspended the distribution of new electricity licenses to crypto asset mining companies. This decision was made at a time when interest in Bitcoin mining has surged. Currently, 25 Bitcoin mining companies are in operation, with nearly 20 more awaiting approval, mainly thanks to Ethiopia's low electricity prices and abundant hydropower resources.

Last week, there were 17 global blockchain financing events, with a total amount exceeding $183 million, and there were encouraging developments in areas such as Decentralized Finance, Web3 gaming, and AI. The TAC project raised $11.5 million, while Nook raised $2.5 million. Eigen Labs secured $70 million in funding for its EigenCloud platform.

Ethena: The best choice for synthetic US dollars in an on-chain encryption ecosystem.
The dust from the crust has returned to Hokkaido, Japan. The days are sunny and warm, but the nights are bone-chillingly cold. This weather pattern causes severe snow conditions known as "crust dust." Beneath the seemingly beautiful and flawless surface of the heavy snow lies ice and brittle snow. It's disgusting.
As the footsteps of winter giving way to spring quicken, I want to revisit the article "Dust on the Crust" that was published a year ago. In that article, I proposed how to create a fiat stablecoin that exists without relying on traditional banking systems, supported by human intervention. My idea is to combine the perpetual futures positions of cryptocurrency bulls and bears to create a synthetic unit of fiat currency. I named it "Nakadollar" because I envisioned using Bitcoin and XBTUSD's "perpetual" short futures contracts as a way to create a synthetic dollar.

The ENA Airdrop activity has entered its third season, and the rewards for the second season will be distributed on September 30. The rules for the third season have been adjusted: the Lock option has been removed and replaced with Stake, the points multiplier has been increased to 40 times, and new users can only Stake. The expected Annual Percentage Rate exceeds 15%. Users can flexibly adjust their participation methods.

Crypto Assets have become a new battleground in the covert war between Israel and Iran.
The confrontation between Iran and Israel has extended into the Crypto Assets field.
On June 18, 2025, Iran's largest Crypto Assets exchange Nobitex suffered a major cyber attack. A hacker group calling itself "Sparrow Hunter," which is pro-Israel, infiltrated Nobitex's systems and stole nearly $90 million in assets. The group accused Nobitex of assisting the Iranian government in evading international sanctions and funding illegal activities, and transferred the stolen funds to accounts containing anti-Iranian messages.
Hackers are also posting warnings on social media: "These cyber attacks are because Nobitex has become an important tool for the Iranian regime in violating sanctions. Collaborating with the infrastructure that violates sanctions with the Iranian regime puts your assets at risk."
This shocking hacker attack not only exposed Iran's vast Crypto Assets market, but also made people realize: this is the last remaining one globally.

A cryptocurrency theft case in Shenzhen has drawn attention, where an employee used a Trojan program to steal 3 million USDT from the company, later fully compensating and receiving forgiveness. The court sentenced him to four years in prison and fined him 20,000, warning enterprises and individuals to enhance their awareness of network security.

SEC Approves 8 Ethereum ETFs: Analysis of New Trends in US Cryptocurrency Regulation and Market Prospects
On May 23, the U.S. Securities and Exchange Commission (SEC) approved the applications for 8 Ethereum ETFs, which plan to be listed on Nasdaq, the NYSE Arca, and the Cboe BZX. This move is an important step towards reality for spot Ether (ETH) exchange-traded funds following the approval of Bitcoin ETFs earlier this year in January. This article will briefly introduce the process of the SEC approving the Ethereum ETFs and analyze the latest trends in U.S. encryption regulation and the market opportunities it brings.
1. Review of the SEC Approval Process
Since the approval of the Bitcoin ETF, the fate of the Ethereum ETF has been a subject of great attention. Unlike Bitcoin, Ethereum does not have a fixed total supply limit under the PoS mechanism; its issuance is related to network activity. The SEC previously expressed concerns about the concentration of Ethereum holders.

The decentralized platform ZKasino has launched an ETH refund program, but faces doubts. The platform was previously investigated for alleged fraud and fund misappropriation, making it difficult for users to withdraw funds. The refund process is urgent and the information is vague, with no mention of stake rewards, raising concerns among users. The overall situation needs to be observed with caution.