2025-08-04 11:11:30
Ethereum turns 10: Buterin names main goal. Three countries have imposed restrictions on cryptocurrencies. Revolut is considering acquiring a US bank. Visa has added three stablecoins A cryptocurrency owner lost $908,000 due to phishing
Ethereum turns 10: analysts expect growth to $16,000, while Buterin announces the main goal
The price of Ethereum may rise to $15,000–$16,000 during the current market cycle. A crypto analyst going by the nickname Edward made this prediction. Among the reasons are steady institutional demand, active investments in Ethereum ETFs (over $5.4 billion), and technical signals on the charts. In July 2025, its growth was 48.77%. As of August 4, the cryptocurrency is trading at $3,531.
In 2025, Ethereum celebrated its 10th anniversary. In honor of the anniversary, Vitalik Buterin, the platform's co-founder, held an online conference where he outlined that network security and user digital autonomy are key priorities for the next decade.
Buterin emphasized that much of what was planned has been achieved: DeFi, ENS domain names, and NFTs, which have taken an important place in the ecosystem, even though they were not mentioned in the original concept.
Buterin noted that Ethereum should support the development of applications that “improve collaboration and move people forward.” Experts are also optimistic:
- Justin Kenna, head of GameSquare, a company specializing in esports and video games, considers Ethereum “a key asset of the digital age.” According to him, the platform will become a base for payments, games, and brand-customer interactions.
- Jim Makinvale, head of blockchain company OP Labs, is confident that in the future, “all large companies will switch to ETH.”
- Coinbase predicts the creation of AI agents and new social networks based on the platform.
Quantum computing remains one of the main threats to the blockchain platform. Developers have proposed a Lean Ethereum plan to protect the network from potential attacks. It includes a transition to new cryptographic algorithms and simplification of the architecture. Buterin supported the initiative.
Hong Kong tightens control over stablecoins, Algeria completely bans crypto, and Indonesia increases taxes
A new law in Algeria prohibits any activity related to digital assets — from purchasing and storing to advertising and mining. Violators face fines of up to $7,000 and imprisonment for up to one year. The authorities explain the ban as a measure to protect against financial crime and comply with international standards.
Hong Kong is introducing new rules for issuers of stablecoins. From August 1, 2025, they must obtain a mandatory license from the local regulator. Moreover, the authorities require mandatory verification of stablecoin users. Identification can be carried out by the issuer, a bank, a digital asset provider, or another trusted party.
Indonesia is also introducing changes, raising taxes on crypto transactions from August 2025. The tax on transactions on local exchanges has been increased to 0.21%, and to 1% on foreign exchanges. VAT on mining has also been raised to 2.2%. At the same time, VAT on the purchase of crypto assets has been completely abolished. Market participants believe that this is a step towards recognizing cryptocurrencies as financial assets rather than commodities.
Visa expands support for stablecoins and blockchains
The Visa payment company has added three new stablecoins to its infrastructure: PYUSD from PayPal, USDG from Global, and EURC from Circle. The integration allows Visa partners to conduct transactions in crypto assets pegged to the US dollar and the euro. This expands the capabilities of the payment network, which supports international transactions in 25 currencies worldwide.
Visa now works with four stablecoins: USDC, PYUSD, USDG, and EURC, as well as four blockchains: Ethereum, Solana, Stellar, and Avalanche. The company is building a multi-currency and multi-chain infrastructure to meet the demands of banks, fintech companies, and developers worldwide.
Revolut may buy a US bank for a license
The British neobank Revolut is considering buying a bank in the US to speed up the process of obtaining a local banking license. Media reports cite sources close to the fintech company's plans.
The purchase of an already licensed credit institution will help Revolut launch banking services in the US, including lending, sooner. The company is looking to acquire an inexpensive bank with a national license, which will allow it to avoid the lengthy process of applying for a license independently. A final decision has not yet been made.
The US remains an attractive market for European fintechs seeking to expand, as it provides access to many customers and significant deposits.
As a reminder, Revolut began operating in Ukraine in February 2025. However, in April, the fintech company suspended the registration of new cards due to restrictions imposed by the National Bank. You can quickly and conveniently top up your Revolut account with cash via ObmenAT24.
Crypto owner loses $908,000 in phishing attack 15 months later
In April 2024, the owner of a MetaMask wallet unknowingly granted a scammer access to their funds. This happened through a fake website or an airdrop. From that moment on, the attacker had permanent permission to withdraw tokens.
The wallet remained empty for a long time, and on July 2, 2025, the victim transferred significant amounts to it: first $762,000 from MetaMask, and then another $146,000 from the Kraken exchange. A month later, on August 2, the scammer took advantage of the situation and withdrew the entire balance in a single transaction.
Experts emphasize that this is a typical example of a “delayed attack” — criminals can wait months for the victim to replenish their wallet and only then take the money.
Experts advise regularly checking and revoking old token permissions through the Etherscan blockchain explorer. Please note that such transactions require the payment of a gas fee.
Looking for how to withdraw dollars from Payoneer to MonoBank?
ObmenAT24 can help you complete the transaction in 10-15 minutes — safely and at a favorable exchange rate. We also work with Volet, Capitalist, Perfect Money, Payeer, Wise, and others.
Latest news
