Author: Crypto Editor
A crypto hacker who stole tens of thousands and thousands of {dollars} from the decentralized crypto perpetuals change GMX (GMX) is popping white hat by returning the stolen funds to gather a bounty. In a brand new thread on the social media platform X, GMX says the hacker who stole $42 million price of crypto belongings earlier this week from its Arbitrum (ARB)-based liquidity pool is returning the funds and accumulating a $5 million reward. “A possible exploitable quantity of $42 million belonging to GLP holders was secured. After fee of a $5 million bounty to the consumer, the remaining…
Binance founder Changpeng Zhao or CZ threatened to sue information company Bloomberg for a second time over its report alleging hyperlinks between the change and the USD1 stablecoin.In an X submit on Friday, CZ known as the article “one other hit piece” that was “sponsored by a competitor,” with out explicitly naming the competitor. He dismissed it as a report meant to sow worry, uncertainty, and doubt, popularly referred to in crypto lingo as FUD.CZ said that the Bloomberg report comprises “so many factual errors I don’t even know the place to start,” including:“May need to sue them once more…
Alvin Lang Jul 13, 2025 01:20 TRON (TRX) reaches $0.31, fueled by record-breaking transactions, institutional adoption, and bullish technical indicators. May regulatory dangers impression its rally? 1. Government Abstract TRON (TRX) has proven spectacular development, climbing to $0.31 amid rising adoption, strategic partnerships, and bullish technical indicators. The blockchain has surpassed Ethereum in community exercise, processing over 13 billion transactions and facilitating $21 billion in weekly USDT transfers. Key developments, such because the SkyLink protocol launch and a partnership with MicroStrategy, underscore TRON’s place as a pacesetter in institutional crypto adoption. Nevertheless, regulatory scrutiny surrounding founder Justin Solar stays a…
Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure The authorized staff of asset administration agency Grayscale referred to as out the US Securities and Trade Fee (SEC) on its choice to delay the itemizing of the agency’s Digital Massive Cap Fund (GDLC) on the New York Inventory Trade. As Bitcoinist reported earlier, the conversion of GDLC, which incorporates Bitcoin, Ether, XRP, Solana, and Cardano, into an exchange-traded fund (ETF) was “stayed” indefinitely 24 hours after the SEC’s Division of Buying and selling & Markets authorised the fund’s itemizing. Grayscale To Petition SEC On Multi-Asset…
Briefly Ethereum topped $3,000 Friday morning, for the primary time since February 2025. The transfer comes after Ethereum ETFs noticed their highest-ever day of inflows Thursday. Over $258 million value of Ethereum shorts had been liquidated over the previous 24 hours. Ethereum has climbed 8.8% over the previous 24 hours, topping $3,000 for the primary time since early February. The transfer comes following the most important single day for U.S. Ethereum exchange-traded fund inflows at $383.1 million, in line with Farside information.As Ethereum’s value jumped, $258.6 million value of Ethereum shorts had been liquidated over the previous 24 hours, in…
High Tales of The WeekGrayscale calls out SEC delay of Digital Massive Cap Fund ETF itemizingAttorneys for digital asset supervisor Grayscale pushed again towards the US Securities and Alternate Fee’s (SEC) delay on approving its Digital Massive Cap exchange-traded fund (ETF) in a letter despatched on Tuesday.The SEC’s Division of Buying and selling and Markets initially authorized the ETF proposal, however the SEC’s Workplace of the Secretary determined to overview the motion instantly afterward, halting the choice, Grayscale’s attorneys mentioned.This violates the “statutory approval or disapproval deadline” set by the SEC and conflicts with established process, in line with the…
Coinbase broke with its common blue emblem on X, posting a Pudgy Penguins non-fungible token as its profile image alongside the quip “new pfp, who dis.”Minutes later, PENGU, the native token of the penguin-themed ecosystem, began surging. The token rose greater than 60% within the rally earlier than enduring a correction, but it surely’s nonetheless up greater than 35% for the week.The official Pudgy Penguins account mirrored the transfer, sending matching ice-blue avatars gliding throughout feeds and main to speak of a partnership between Coinbase and Igloo Inc., the startup that steers the gathering. Numerous crypto-related companies, together with VanEck,…
BTCT units up a $1M Ethereum reserve as step one into DeFi and tokenization. BTCT plans to develop ETH holdings and shift from mining to on-chain finance. Shares surge 20% as traders again BTCT’s daring Ethereum growth technique. BTC Digital Ltd. (BTCT) has taken a giant step towards increasing its position within the blockchain world. The corporate introduced that it has arrange a strategic reserve price $1 million in Ethereum (ETH). This step is the preliminary step of a bigger initiative. BTCT goals to strengthen its relationship with the increasing monetary ecosystem of Ethereum and grow to be prepared for…
Techniques are nonetheless beneath strain as customers decry empty arms after the PUMP token sale. Based mostly on this, Kraken co-founder Arjun Sethi introduced plans that might assist assuage affected customers. In the meantime, Bybit continues to face backlash after the wildly oversubscribed meme coin sale, with customers claiming they had been rug-pulled regardless of exhibiting up on time. Kraken’s Arjun Sethi Guarantees PUMP Airdrop After Token‑Sale Glitch Kraken co-founder Arjun Sethi pledged to offer an computerized airdrop of PUMP tokens to customers who couldn’t finalize their purchases in the course of the latest Pump.enjoyable public token providing, as a…
Gold advocate Peter Schiff issued a stark warning on financial coverage and sparked recent debate about Bitcoin’s perceived shortage. In a pair of high-profile posts on July 12, Schiff criticized the present Fed price stance and challenged the logic behind Bitcoin’s 21 million provide cap.Schiff pointed to rising hypothesis that Fed Chair Jerome Powell might resign as early as Monday. If confirmed, this might open the door for President Trump to put in a brand new Fed chief prepared to slash rates of interest to the 1.25%–1.5% vary—down from the present 4.25%–4.5%. Trump has brazenly referred to as for that…