Alleged Uranium Finance Hacker Faces 30 Years Over Crypto Theft

This article explores how a simple change in the reference point can achieve a Pareto-efficient equilibrium in both free and fair economies and those with social justice.

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…

The post A7 leaks reveal Russia’s influence over Eastern European elections with crypto appeared on BitcoinEthereumNews.com. Blockchain analytics firm Elliptic has flagged a cache of leaked data from businesses controlled by sanctioned Moldovan oligarch and Kremlin ally Ilan Shor. The files, leaked earlier this month, provide a detailed look inside the A7 group, an operation based in Russia, operating a specialized “sanctions evasion-as-a-service.” Elliptic’s analysis of the data shows that several crypto wallets have processed stablecoin transactions worth $8 billion over the past 18 months, tracing the digital money flow from Russian-affiliated entities to political operations in Moldova as the country prepares to hold its parliamentary elections. Reports mentioned that Shor’s switch to digital assets was necessary because of his controversial past. A7 document leaks show Russia’s influence using crypto According to several reports, Shor fled Israel after he was convicted in 2017 for his role in the theft of $1 billion from Moldovan banks. Shor ended up in Russia, with the country granting him citizenship. The United States later sanctioned him in 2022, accusing him of making efforts to undermine democracy in Moldova. From his position as a fugitive, Shor started the A7 group in 2024, creating a structured connection for the expertise he had cultivated. In the report released by Elliptic, it claimed that A7 group is partly owned by Russia’s state-owned Promsvyazbank (PSB), a bank that has been sanctioned for financing Russia’s defense industry, tying A7 as a de facto arm of the country’s financial warfare apparatus. The scale of the operation is quite big, with Shor reportedly boasting to Vladimir Putin in a statement earlier this month that A7 had carried out transactions worth 7.5 trillion rubles, which is approximately $89 billion, for Russian businesses in ten months. While the mechanisms of operations were not clear to people at the time, the A7 leaks now provide a detailed look into the blueprint…