Crypto

The exploit of the GMX V1 decentralized exchange is the latest in a string of attacks targeting crypto firms and users in 2025. The GMX protocol halted trading on GMX V1 after a liquidity pool suffered an exploit on Wednesday, leading to $40 million in funds being stolen and sent to an unknown wallet. GMX V1 is the first version of the GMX perpetual exchange deployed on the Arbitrum network. The attacked pool is a liquidity provider for the GMX protocol with a basket of underlying digital assets including Bitcoin (BTC), Ether (ETH) and stablecoins, according to the GMX team. The protocol has also announced a temporary suspension in minting and redemption of GLP tokens on both Arbitrum and the layer-1 Avalanche network to protect against any additional fallout from the cybersecurity exploit. Read more

Raj Parekh, Portal co-founder and a former Visa crypto director, will lead Monad’s stablecoin strategy following the acquisition.

BCH rose sharply to $514.24 in early trading before consolidating between $505 and $510, showing signs of institutional interest.

ETH leads crypto majors higher, BTC dominance falls. US House taking steps for US to be crypto capital. Sharplink to buy $20m ETH, stock pops 12%. GameSquare raises $8m to buy ETH, stock +60%. Bit Digital stock keeps pumping on ETH pivot. BioSig, StreamEx to tokenise commodities on SOL. Phantom intros perps powered by Hyperliquid. GMX faces $40m exploit. Tether reveals $8b gold stock pile in Swiss vault. Expect us to be largest BTC miner this year: Tether. OpenAI stock tokens backed by SPV: Robinhood. Aevo offers 1000x lev on tokenised stocks. DoJ charges OmegaPro founders with $650m fraud. Tether is a money launderer’s dream: The Economist. EIGEN announces 25% reduction in staff

Assume any exchange that has some material amount of USDC has an agreement with Circle, said one person familiar with the situation.

The crypto market remains rangebound as President Trump again revisits tariff negotiations with U.S. trading partners. 

BTC jumped within 30 minutes of Trump’s rate-cut post as analysts weighed inflation risks and the impact of a potential 300 bp cut on asset prices.

Jibreel Pratt used encrypted tools to send Bitcoin he thought would support ISIS, but undercover agents were already tracking his moves.

Solana-based memecoin launchpad Pump.fun has confirmed that its native PUMP token will debut through an Initial Coin Offering (ICO) on July 12. The token will have a total supply of 1 trillion and a structured allocation designed to serve institutional, community, and internal stakeholders. PUMP’s ICO details About 33% of the total PUMP token supply […] The post Pump.fun faces scrutiny over PUMP token distribution in upcoming ICO appeared first on CryptoSlate.

Pepe may have just crossed a key threshold for a move reminiscent of its explosive early days, as a historically significant falling wedge pattern reappears. The post Pepe Price Prediction: Historic Falling Wedge Breakout Confirmed – 2,000% Move Now In Play appeared first on Cryptonews.

The legislation to establish crypto market structure is one of three bills the US House of Representatives is expected to consider starting next week. Massachusetts Senator Elizabeth Warren is sounding the alarm about how publicly traded companies could essentially bypass US securities laws if a bill to regulate cryptocurrency markets becomes law. In a Wednesday hearing of the Senate Banking Committee to address crypto market structure legislation, ranking member Warren said she would be in favor of digital asset regulations strengthening the US financial system, but expressed concerns about the Digital Asset Market Clarity, or CLARITY, Act under consideration in the House of Representatives. The Massachusetts senator suggested that “non-crypto companies” could tokenize their assets to evade regulations enforced by the US Securities and Exchange Commission (SEC). Read more

Solana (SOL) has gone up by 2.5% in the past week as the approval of the REX-Osprey Solana exchange-traded fund (ETF) – the first of its kind in the United States – buoyed investors and triggered a spike in the price of multiple meme coins in its ecosystem.A leadership change within the ranks of the […] The post Solana Price Prediction: ETF Filing Revisions Requested – A Move to $500 Could Be Coming Soon appeared first on Cryptonews.

Resistance has now formed at $2.38, with strong support at the $2.29 level.

The XRP price has bounced by 2.5% in the past 24 hours, but is history about to repeat itself? The post XRP Price Prediction: Analyst Spots 2017 Setup on XRP Chart – New All-Time High Could Be Days Away appeared first on Cryptonews.

The token surged after a proposed ETF backed by Trump Media included CRO alongside bitcoin, ether, solana and XRP.

Bitcoin Cash has proven among the most resilient to broader macroeconomic headwinds, with ramping interest from speculators and whales pushing its rally beyond that of its peers. The post Bitcoin Cash Price Prediction: Whale Transactions Surge 122% – Could BCH Overtake Bitcoin?  appeared first on Cryptonews.

Also: Jack Dorsey’s Bitchat, Volkswagen and Hivemapper Team Up, and EigenLabs Layoffs.

Robinhood is trading near all-time highs as its expanded push into crypto and blockchain continues to pay off. Robinhood’s strategic embrace of blockchain technology and tokenization has fueled a nearly 30% rally in its stock over the past month, highlighting the brokerage’s new growth drivers despite regulatory scrutiny of some of its products. Robinhood stock, trading under the ticker HOOD, surged on Wednesday to $94.65 in New York trading, putting it within 4% of its all-time closing high set on July 2. The stock has climbed more than 27% over the past month and is up 137% year-to-date, lifting its market capitalization to over $82 billion. Read more

The recent Maxwell hard fork which reduced block times and the introduction of tokenized equities by Kraken and Backed Finance have contributed to growth.

In the runup to 'Crypto Week' in the House next week, a Senate Banking Committee hearing dug into policy ideas as Senator Warren flagged Trump "corruption."