Crypto

The $3.5 billion heist is the single largest cryptocurrency hack and went unreported by both parties for years, according to Arkham. Chinese mining pool LuBian was hacked in 2020 for 127,426 Bitcoin (BTC), valued at about $3.5 billion at the time, making it the biggest crypto hack in history, according to blockchain analytics platform Arkham Intelligence. The platform retroactively uncovered the heist on Saturday, claiming that LuBian, which emerged as the sixth-largest BTC mining pool at the time, was first hacked on December 28, 2020.  About 90% of the pool’s BTC was stolen by the threat actor before LuBian was able to move its remaining 11,886 BTC to recovery wallets. Neither the platform nor the hacker publicized the attack at the time, the intelligence platform said. Read more

Samourai Wallet co-founders change pleas in $100M laundering case, risking 25 years as DOJ targets crypto privacy tools.

Arkham, a blockchain analytics firm, says it uncovered a five-year-old theft of 127,000 BTC from LuBian, a major 2020 mining pool.

Impermanent loss has been a major factor preventing crypto holders from becoming liquidity providers on decentralized finance platforms. Yield Basis, a protocol developed by the decentralized finance (DeFi) platform Curve Finance, mitigates impermanent loss for tokenized Bitcoin (BTC) and Ether (ETH) liquidity providers (LPs), while also creating a market-based approach to token inflation and emissions, according to Curve founder Dr. Michael Egorov.  Impermanent loss in crypto occurs when the price of assets deposited in a liquidity pool dips or deviates in a way that leaves the user with fewer funds than if they had simply held their crypto and not engaged in liquidity provisioning. Dr. Egorov told Cointelegraph that when funds deposited in a liquidity pool are proportional to the square root of Bitcoin’s price, it creates impermanent loss. The Curve Finance founder said: Read more

The suspected methods used to try and obtain the cryptocurrency from the victim are disturbing.

With the passing of the GENIUS Act, stablecoins are no longer a regulatory grey area—but usability challenges still remain.

ZachXBT named some sponsors of Token2049 as sketchy. While these coins may have hype-fueled pumps to cult-like followings, they may have no real utility. Crypto investigator ZachXBT criticized Token2049 for poor sponsor vetting, warning that platinum sponsorships don’t equate to legitimacy. Several sponsors he flagged turned out to have shady records. JPEX and HyperVerse used event sponsorships to project credibility. Both later collapsed under fraud investigations, causing billions in investor losses and arrests. Red flags include anonymous teams, low liquidity, overhyped marketing, poor tokenomics and listings only on obscure exchanges.  Read more

GAIA is introducing a phone prioritizing AI sovereignty by removing cloud dependencies for secure, user-controlled AI experiences.

This tactic could strangle competition by making it more costly for users to transfer funds to alternative platforms, a16z's general partner argued.

The Bitcoin mining difficulty is crucial to both miner profitability and ensuring that BTC is not mined faster than the protocol allows. The Bitcoin (BTC) mining difficulty hit an all-time high of 127.6 trillion this week, but is projected to drop during the next difficulty adjustment on August 9. Mining difficulty is expected to fall by about 3% to 123.7 trillion in the next adjustment period, and the current average block time is about 10 minutes and 20 seconds, according to CoinWarz. Data from CryptoQuant shows that the mining difficulty fell in June, with a sharp drop-off at the end of month and the first two weeks of July, when difficulty fell to 116.9 trillion. However, the difficulty level resumed its long-term uptrend in the latter half of July. Read more

Michael Saylor likens Strategy’s latest Bitcoin-backed preferred stock to Apple’s iPhone, calling STRC a breakthrough in corporate finance with massive market potential.

Bitcoin miners had a profitable month in July, JP Morgan analysts noted in a report, as the price of the digital coin broke a new record.

Even though Ethereum has been the talk of the town throughout the past month, Solana is pulling ahead in one key metric: RWAs.

China’s plan to liquidate confiscated crypto through Hong Kong exchanges isn’t simply a policy — it’s to control global digital asset markets and outmaneuver the US. Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association  Last week’s announcement of Hong Kong’s LEAP Digital Assets Policy Statement 2.0 was made with much anticipation and fanfare. The government of Hong Kong promised a comprehensive regulatory framework that will unify licensing and “expand the suite of tokenised products.”  Yet beneath the hype and visible maneuvers lies a far more consequential move: Beijing’s (the world’s second largest holder of crypto) announcement of its intention to liquidate confiscated virtual currencies through Hong Kong’s licensed exchanges. These events, while seemingly separate, are actually components of a carefully orchestrated strategy by China, designed to position Hong Kong as the dominant virtual asset hub and China’s strategic market operator. Read more

XRP is down by over 8% weekly but the landscape could soon worsen.

The DeFi Education Fund (DEF) has called on the US Senate Banking Committee to take a more measured approach to DeFi regulation. The post DeFi Education Fund Urges Senate to Tread Carefully on DeFi Regulation in Joint Letter appeared first on Cryptonews.

Hayes suggested that markets will be impacted by President Trump's tariffs and a weaker-than-expected US jobs report, predicting a bearish scenario for crypto

XRP is down by over 20% since its peak in mid-July.

A Bitcoin whale likely moved 80,000 BTC from dormant wallets after alarming OP_RETURN messages were sent across multiple old addresses. On July 4, 2025, eight Satoshi-era Bitcoin wallets moved a total of 80,000 BTC. Each wallet contained 10,000 BTC, sparking inevitable turmoil in the cryptocurrency space. The Satoshi era is generally considered to span the years 2009 to 2011. During that time, Bitcoin (BTC) could either be transacted or mined with regular computer processors. Eight dormant Bitcoin wallets each sent a transaction of about 10,000 BTC recently. This has led to speculation that threats from quantum computing caused the transfers. Read more

A dismal U.S. jobs report, rising geopolitical risks and recession worries triggered a broad crypto sell-off led by BTC and ETH.