Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

July crypto hacks surged as attackers stole $142 million across 17 incidents, marking a 27% rise from June. The largest breach hit CoinDCX, where malware on a developer’s laptop enabled a server-level hack that cost the exchange $44.2 million. Decentralized exchange GMX suffered a $42 million exploit, though the attacker returned $40.5 million days later. Other platforms including BigONE, WOO X and Future Protocol lost over $46 million in third-party and phishing attacks. These crypto hacks highlight growing exchange security gaps and DeFi vulnerabilities, as hackers shift from on-chain smart contracts to back-end infrastructure and social engineering. Traders should monitor exchange risk and on-chain activity, and strengthen employee device protection to mitigate future threats.

Bridgewater founder Ray Dalio warns that soaring US government debt, now six times annual revenue with $1 trillion in annual interest payments, poses a systemic risk to markets. He predicts any further Fed intervention or new round of quantitative easing could trigger a sharp sell-off in bonds and equities. To protect against currency devaluation and financial contagion, Dalio recommends allocating at least 15% of portfolios to gold and Bitcoin. He praises gold’s historical role as an independent store of value and highlights Bitcoin’s 21 million cap, decentralization and borderless transfers. He also notes Bitcoin’s traceability and potential protocol risks, holding a small personal position alongside gold. Traders should consider this strategy to hedge against rising inflation, geopolitical tensions and market instability. Alternative assets like gold and Bitcoin could offer protection in the next financial crisis.

Ruvi AI presale has raised $2.5M in its phase 2 token sale, selling 200 million tokens at $0.015 each. A CyberScope smart contract audit confirmed security, while a CoinMarketCap listing and liquidity provision via WEEX Exchange prepare tokens for post-sale trading. The project’s blockchain AI suite offers marketing analytics and instant payouts for content creators. VIP investment tiers deliver bonuses of 40%−100%, rewarding early backers. With 2,400 participants onboard and analysts forecasting a $1 token price, traders eye up to 66× ROI. This utility-driven presale and strong market exposure make Ruvi AI presale a bullish opportunity.

Voltage CEO Graham Krizek predicts the Bitcoin Layer-2 Lightning Network will handle at least 5% of global stablecoin volume—around $9 billion daily—by 2028. This forecast follows early integrations like Tether’s native USDT launch in January and Lightning Labs’ Taproot Assets v0.6 upgrade, which enables decentralized stablecoin trading. Despite a 23% drop in network capacity this year, Lightning now supports roughly 14,000 nodes, 44,800 channels, and 3,820 BTC ($448 million) in capacity, with larger average channels indicating greater capital efficiency. Krizek cites rising retail demand, active developer engagement, and growing institutional interest as primary adoption drivers. Platforms like Cash App already route 25% of Bitcoin payments through Lightning, and Voltage is building tools to integrate stablecoin functionality into wallets, targeting over 700 million users. Upcoming onboardings of major issuers such as Circle’s USDC and regulatory clarity under frameworks like the GENIUS Act are expected to accelerate volume growth through late 2025 and beyond. Traders should note Lightning Network’s fast, low-cost transaction infrastructure and expanding stablecoin ecosystem as factors that could drive increased on-chain activity, higher liquidity, and broader market participation in Bitcoin-based payments.

Tesla’s Bitcoin holdings soared to about $1.2 billion in Q2 after the value of its 11,509 BTC climbed from roughly $83,000 to $107,000 per coin, yielding $284 million in unrealized gains under new FASB fair-value accounting rules. The EV maker reported Q2 revenue of $22.5 billion and EPS of $0.40, meeting analyst forecasts despite a 12% year-over-year revenue drop and a 12.6% decline in vehicle deliveries. TSLA shares gained 0.7% in after-hours trading. This transparent quarterly marking of crypto assets may prompt other firms to expand their Bitcoin holdings and reshape corporate asset allocation.

Jim Cramer and major corporations are increasingly turning to Bitcoin to hedge against the US national debt, now above $38 trillion. Rising deficits and inflation risks have pushed traders and institutions to view Bitcoin as a decentralized safe-haven asset. Recent analysis shows Bitcoin prices respond to US budget announcements and debt data. Meanwhile, billions of dollars have flowed into Bitcoin ETFs, underscoring growing institutional adoption. Bitcoin’s limited supply and independent monetary policy make it appealing amid concerns over dollar devaluation. For crypto traders, monitoring US debt trends, Federal Reserve policy, and ETF inflows is vital to anticipate short-term price movements and long-term adoption in mainstream portfolios.

Bitcoin price continues consolidating around $118,000–$118,600 after clearing the zone and is now targeting a breakout above the critical $120,000 resistance. A bullish trend line at $118,200 and the 100-hour moving average near $118,600 underpin the short-term uptrend. Key upside hurdles lie at $120,250 and $122,500, with an extended target at $123,200 on sustained momentum. Initial supports are at $118,500 and $117,200 (76.4% Fibonacci retracement), followed by $116,250 and $115,000. Technical indicators remain bullish: MACD has risen into positive territory, and RSI sits above 50. However, Glassnode analyst James Check warns that reaching a $200,000 price target by year-end would require doubling Bitcoin’s market cap to nearly $5 trillion—an unusually large rally demanding a significant boost in trading volume and market support. Even if Bitcoin crosses $120,000, it must hold higher levels like $130,000 and above to sustain momentum or risk rapid pullbacks. While short-term challenges persist, the long-term outlook remains bullish, with a possible stabilization above $200,000 within five years.

Two large wallets dumped 1.25 billion PUMP tokens over two hours on Coinbase Prime, netting $3.81 million but incurring a $1.19 million loss. Meanwhile, an institutional presale investor moved 3.75 billion PUMP tokens (worth $14.3 million) to Coinbase Prime, aiming for a block sale. Following a co-founder’s announcement of no airdrop, the PUMP token plunged over 20%, from $0.0039 to $0.0031, inflicting a further $700,000 loss. The combined sell pressure underscores the growing volatility of memecoin markets and highlights the risks of timing and liquidity for large orders. Traders should monitor PUMP token order books, project updates, and news catalysts. Implement robust risk management, including stop-loss orders, diverse holdings, and OTC block trades to minimize slippage.

FTX has scheduled a compensation distribution on September 30 to release $1.9 billion from its disputed debt reserves. This tranche covers Class 5 customer claims, Class 6 general unsecured claims and newly approved convenience claims, following a court order that cut the disputed-claims reserve from $6.5 billion to $4.3 billion. Approved creditors must complete KYC, submit tax forms and select a payment channel (BitGo, Kraken or Payoneer) by the August 15 registration deadline. Transfers of claims need to be finalized before the deadline, subject to a 21-day objection period. Once funds arrive at the service providers, creditors assume custody. This move marks a key milestone in FTX’s asset recovery, demonstrating transparency in the compensation distribution process and helping to restore confidence among creditors and the wider cryptocurrency market.

XRP and BNB saw sharp pullbacks after recent all-time highs as profit-taking and heightened volatility swept across altcoins. XRP plunged up to 9.6% to an intraday low of $3.21 on July 23 before recovering to around $3.28, its steepest one-day decline since April and a 12% drop from the July 18 peak of $3.66. Liquidations surged, with over $87M of XRP longs and $157M of Ether positions wiped out amid aggressive selling. Altcoins like Dogecoin (-9%) and Solana (-7%) also tumbled, pushing an altcoin index from 51 down to 43. BNB retreated from a $809 high, though it reclaimed a top-five market cap spot. Meanwhile, Bitcoin dominance climbed to roughly 61% as BTC dipped under 2% to near $118,000, triggering $65.2M in liquidations. Traders should watch for potential support levels and continued risk-off sentiment across the market.

Solana’s SOL price pulled back from $205 to $186 after $30 million in long liquidations and record $12 billion futures open interest. On-chain data showed bearish divergence and high funding rates, triggering a short-term squeeze. However, the Solana price reclaimed $180 support, forming a golden cross on the daily chart and breaking out of an ascending triangle at $205. On the two-month chart, SOL is carving a rare four-year cup-and-handle pattern with a $250 neckline. A successful breakout could target $4,800–$6,000 for a potential 3,000% rally. Key catalysts include an October 10 decision on a spot SOL ETF and the CLARITY Act, which may bring institutional inflows. Near-term resistance lies at $297.50 (a 54% gain), while support zones are at $185 and $165. If $180 support fails, a deeper correction to $168–$157 is possible. Technical indicators are mixed: RSI hovers around 52 and the MACD shows a death cross. Traders should view the current setup as bullish, provided key supports hold.

MultiBank.io has joined forces with Fireblocks and Mavryk to launch a $10 billion real estate tokenization platform, aiming to bring real-world assets (RWAs) on-chain. In its first phase, MultiBank.io and MAG Lifestyle Development will tokenize $3 billion of prime properties, including The Ritz-Carlton Residences and Keturah Reserve, offering fractional ownership from $50. Fireblocks will deliver institutional-grade custody, token issuance and automated compliance, while Mavryk’s programmable blockchain infrastructure handles on-chain issuance, KYC/AML checks and DeFi integrations. The platform bridges TradFi and crypto through MultiBank Group’s ecosystem—spanning MultiBank FX, the planned MEX Exchange ECN, its regulated crypto exchange and the new real estate tokenization marketplace—to ensure governance, liquidity and secondary trading. MultiBank.io recently launched its MBG token on MexC, Gate.io and Uniswap, where it briefly doubled to $1, underlining rising trader interest in asset tokenization. This real estate tokenization initiative is poised to broaden access to RWA tokens and may influence asset tokenization trends in the crypto market.

President Trump announced a US-Japan trade deal imposing a 15% tariff on Japanese cars and auto parts, down from a previously proposed 25% rate and applying equally to vehicles and components. Last-minute negotiations boosted Japan’s investment commitments from $400 billion to $550 billion. While Trump claims the deal will support hundreds of thousands of US jobs, domestic automakers face a 25% tariff on parts from other countries, making finished Japanese imports more competitive. Crypto traders should monitor equity market volatility and safe-haven flows into cryptocurrencies, as this US-Japan trade deal intensifies trade tensions, disrupts global supply chains and impacts fiscal outlooks.

PNC Bank has partnered with Coinbase to launch integrated cryptocurrency services via Coinbase’s Crypto-as-a-Service (CaaS) platform. The PNC Bank Coinbase partnership allows customers to buy, sell, and custody Bitcoin and other digital assets directly within their PNC accounts, leveraging Coinbase’s secure infrastructure. The move follows new federal crypto regulations and a stablecoin framework under the Trump administration, enabling banks to offer digital asset services. PNC will also provide traditional banking services to Coinbase, marking a shift in the banking industry’s approach to crypto that aligns with efforts by JPMorgan and Bank of America. PNC CEO William Demchak and Coinbase Institutional head Brett Tejpaul highlight growing demand for secure digital asset custody and robust security tools. Traders should watch this PNC Bank Coinbase partnership as a bullish catalyst, potentially boosting liquidity and mainstream adoption.

Bybit has partnered with Cactus Custody to launch Cactus Oasis, an off-exchange settlement layer that keeps funds in SOC 2-audited cold storage until trade execution on Bybit. This off-exchange settlement model eliminates pre-funded exchange accounts and cuts counterparty risk for institutional traders. The Cactus Oasis platform integrates hardware security modules (HSM), multi-party computation (MPC) and decentralized key recovery with a 3-of-5 threshold signature scheme across Ethereum, BNB Chain, Solana, Bitcoin and Avalanche. It offers on-chain and offline signing, dual-authorization workflows, real-time compliance checks, liquidity buffer accounts and cross-platform key management, alongside NFT custody. Scheduled to go live on July 28, 2025, Cactus Oasis targets hedge funds and proprietary trading firms deterred by capital inefficiencies and exchange solvency concerns. Bybit’s off-exchange settlement with Cactus Custody also addresses regulatory best practices and aims to rebuild trust after the $1.5 billion Lazarus Group hack, streamlining institutional custody and execution processes.

JPMorgan Chase plans to launch crypto-backed loans against Bitcoin (BTC) and Ethereum (ETH) by 2026. The service will let ultra-high-net-worth and institutional clients borrow against actual BTC and ETH holdings without selling assets. Instead of holding collateral on its balance sheet, JPMorgan will partner with licensed custodians such as Coinbase Prime and Anchorage Digital. This move builds on existing loans secured by crypto ETFs like BlackRock’s IBIT and follows the GENIUS Act. The act provides a clear regulatory framework for tokenized assets, stablecoins, and custody. As of May 2025, the crypto-backed loans market has rebounded to $39 billion from $9.6 billion in late 2022. JPMorgan plans conservative loan-to-value ratios of 30–50%, with real-time monitoring and automated liquidation triggers to manage volatility and compliance risks. If launched, JPMorgan would be among the first major U.S. banks to offer direct BTC and ETH-backed loans. This could legitimize crypto-backed loans, boost market liquidity, and prompt competitors like Goldman Sachs and Citibank to follow.

Ethereum spot ETFs recorded a record $2.18 billion inflow last week, marking a 12th consecutive day of net subscriptions and outpacing Bitcoin ETF outflows. The surge lifted ETH above $3,700, its highest level since January. Technical indicators, including a descending broadening wedge near $3,741, point to a potential bullish breakout. Five major issuers—VanEck, Invesco, ARK 21, WisdomTree and Fidelity—filed SEC amendment proposals to enable in-kind creation and redemption, boosting ETF efficiency. Ethereum also retains a dominant $125.9 billion share of the stablecoin market. Institutional confidence is growing: gaming firm SharpLink has allocated over $1 billion to ETH and plans to stake its holdings, while public companies integrate ETH into their treasuries. Bitcoin critic Peter Schiff called the rally a “bubble” and urged traders to swap ETH for BTC. Contrasting this, analysts forecast Ethereum could reach $8,000–$10,000 on sustained institutional demand and ETF approval progress. Traders should watch ongoing ETF inflows, SEC developments and key technical levels to assess short-term momentum and long-term growth.

U.S. markets closed mixed, with the S&P 500 flat, the Nasdaq Composite down 0.4% and the Dow Jones up 0.4%. Tech sector weakness weighed on the Nasdaq, while energy and industrial stocks lifted the Dow. In contrast, Bitcoin rose 1.97%, driving a broader crypto market rally. Traders noted the divergence between equity indices and digital assets. Ongoing volatility and shifts in risk appetite signal cautious investor sentiment ahead of key economic data. Crypto traders should watch for spill-over effects from U.S. market trends on Bitcoin price movements.

Bitcoin price continues to gain bullish momentum, testing resistance near $120K after peaking at $123K. Polymarket’s decentralized poll shows 36% of participants expect Bitcoin price to surpass $125K by July 31, with smaller shares betting on $130K and above. Institutional demand remains strong – Trump Media & Technology Group now holds over $2 billion in BTC – while retail growth, a stable labor market, and easing inflation expectations support market sentiment. The newly enacted GENIUS Act clarifies stablecoin regulation, mandating full USD or Treasury backing, regular reserve reporting, and KYC checks. Traders should watch the $125K resistance level, monitor inflows, and assess stablecoin policy as key catalysts for short-term volatility and a potential continuation toward $130K–$139K, or a pullback risk to $110K.

MicroStrategy has launched an IPO of 5 million Series A Variable-Rate Perpetual Stretch Convertible Preferred Shares (STRC Preferred Stock) with a $100 face value. Each STRC Preferred Stock share pays a monthly dividend at an annual rate starting at 9%, adjusting monthly to maintain parity near $100—akin to a synthetic stablecoin. Proceeds will fund operations and additional Bitcoin purchases, following MicroStrategy’s $4.2 billion at-the-market equity raise. Immediately after the STRC announcement, the company bought $740 million of Bitcoin at an average price of $118,940 per coin. Analysts call the STRC Preferred Stock a novel channel for converting fiat into Bitcoin, expecting it to broaden institutional inflows and support stronger demand. While the perpetual structure and dividend variability add complexity, the offering blends traditional finance with digital assets and could boost Bitcoin liquidity and corporate treasury adoption.

Trump Media and Technology Group (TMTG) has amassed a $2 billion Bitcoin treasury as part of its corporate treasury strategy. This allocation, together with $300 million in BTC options, now represents two-thirds of its $3 billion liquid asset base. CEO Devin Nunes says the Bitcoin treasury strategy will safeguard the company’s financial independence and counter banking discrimination. TMTG plans to continue building its Bitcoin position, converting options into spot BTC when market conditions allow. The strategy also backs a planned utility token on the Truth Social platform. The move follows a prior $2.5 billion funding round and public support from former President Trump. Announced alongside new US crypto regulation measures, including the GENIUS Act and an upcoming White House report on federal Bitcoin holdings, this development underscores rising institutional adoption. Traders should watch how escalating corporate Bitcoin treasury strategy demand and regulatory shifts impact BTC markets.

Bitcoin remains under key resistance, consolidating after a pullback from recent all-time highs. Its market capitalization hovers around mid-trillion levels, while Bitcoin dominance has fallen from 59% to 42% amid a broad altcoin rally. Altcoins reversed earlier losses to spark a fresh rally, driven by gains in Ethereum (ETH), Solana (SOL) and Cardano (ADA). Secondary tokens such as PI and KAS also outperformed, defying wider market consolidation. The total crypto market cap has retraced by tens of billions of dollars but remains near the $4 trillion mark. Traders are split between seeing the altcoin rally as a sign of diminishing Bitcoin grip and a temporary pause before a potential Bitcoin breakout. Analysts suggest that if Bitcoin clears key resistance, it could accelerate towards higher price targets by year-end. Conversely, a failure to hold support levels may trigger a broader market correction.

On Hyperliquid, whale AguilaTrades closed a $3M ETH long at a loss before opening a $200.5M Bitcoin long with 20x leverage. He funded the Bitcoin long with a fresh 5.28M USDC deposit. This shift highlights his strong bullish stance on Bitcoin’s near-term price dynamics. High-leverage trading can amplify price swings and impact funding rates. Traders should monitor BTC open interest and funding rate shifts. Retail traders are advised to set stop-loss orders, avoid excessive leverage, and diversify positions to manage liquidation risk.

UK authorities, led by the Financial Conduct Authority (FCA) and the Metropolitan Police, seized seven unlicensed crypto ATMs in London and detained two suspects on suspicion of money laundering. The FCA confirmed that no crypto ATMs are legally registered in the UK, making any operation a criminal offence under anti–money laundering (AML) regulations introduced in 2021. FCA enforcement director Therese Chambers warned operators of serious penalties. Globally, regulators are tightening rules: Wisconsin lawmakers proposed a bill to mandate clear fee disclosures, accurate exchange rates and scam warnings at crypto kiosk sites, while Grosse Pointe Farms in Michigan has adopted local ATM regulations despite having none on its streets. Traders should watch this trend closely as heightened crypto ATM regulation may reshape liquidity access and compliance standards.

Citadel Securities has urged the SEC to halt tokenized stocks, warning that rushing them into the market could confuse investors and unfairly advantage certain firms. The trading firm demands a formal rulemaking process with public input before approving any tokenized stocks. Meanwhile, SEC Chair Paul Atkins is exploring an “innovation exception” to foster crypto-based securities and has backed new stablecoin legislation requiring dollar-for-dollar reserves in low-risk assets. The US House recently approved the GENIUS Act, CLARITY Act and Anti-CBDC Surveillance Act, aiming to modernize financial infrastructure and clarify token rules. Industry supporters hail these moves as DeFi wins, but critics like Senator Warren warn of insufficient consumer protections. Traders should note the push for regulation clarity may delay tokenized stocks but ultimately shape long-term market stability.

Bitcoin pulled back about 5%, trading near $118,000 as long-term holders increased profit-taking. On-chain metrics show the Spent Output Profit Ratio (SOPR) climbed above 2.5, while the Whale-to-Exchange Ratio signals growing sell pressure. However, SOPR remains below cycle-top levels around 4.0, suggesting limited distribution. In the derivatives market, Bitcoin futures open interest holds near $42 billion and funding rates stay positive, reflecting strong bullish sentiment. High leverage raises liquidation risks. Key support sits at $116,000 and $107,000, with resistance near $122,000. Traders should monitor Bitcoin’s SOPR thresholds, whale flows, open interest, and funding rates to manage risk amid potential volatility.

On-chain data shows a WBTC whale realized roughly $75 million in profit by selling 700 Wrapped BTC over three days, while retaining 800 WBTC after originally acquiring 1,074 WBTC at an average price of $10,708 four years ago. The same WBTC whale has since opened $91 million in leveraged long positions on DeFi platforms—posting 342.21 WBTC as collateral on Aave to borrow $20 million stablecoins (entry $114,272, health factor 1.57, $963k unrealized gain) and a $50.93 million 10× BTC position on Hyperliquid (entry $109,655.2, $3.26 million floating profit). This dual strategy of profit-taking and aggressive leverage underscores a sustained bullish outlook on Bitcoin, reflects growing institutional demand for WBTC collateral, and suggests active risk management rather than a market top. Traders should watch WBTC whale movements, on-chain liquidity, and broader indicators to gauge potential price momentum.

Ethereum whales and institutional buyers have driven a decisive break above $4,100, confirming a weekly breakout from a descending broadening wedge. U.S. spot ETH ETFs recorded a $727 million inflow in mid-July. On-chain data shows exchange reserves falling to 19.7 million ETH, the lowest since early July. Net spot inflows of $70 million have moved ETH into private wallets, highlighting growing accumulation. Ethereum whales are increasing bullish activity. Aguila Trade closed its short positions and opened a $128 million long, now showing a $0.6 million unrealized profit. Another wallet withdrew 13,244 ETH (~$49.5M) from OKX to private storage. These moves signal reduced sell pressure and a looming supply squeeze. Technically, ETH trades above key moving averages within an upward channel. Elliott Wave analysis places Ethereum in Wave V, supporting a potential rally toward $7,200 and even $10,000 in the longer term. Short-term targets range from $6,700 to $7,200. Traders should watch for sustained volume, continued ETF inflows, and a successful retest of the $4,100 level to confirm further upside momentum.

Polymarket has agreed to acquire QCEX, a CFTC-licensed derivatives exchange, for $112 million to reenter the US market. The deal follows Polymarket’s 2022 exit after a CFTC warning and a DOJ probe that concluded with no charges. Backed by Polychain Capital and Placeholder and pending CFTC approval by Q3 2024, the acquisition leverages QCEX’s license to integrate Polymarket’s decentralized prediction market with a regulated venue. Polymarket aims to expand on-chain prediction markets for US users, enhance CFTC compliance, boost liquidity, and attract institutional participation.