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Cryptography News
Coindoo
2d
109
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Bitcoin Hits Record High Above $112K, Triggers $226M in Liquidations
- Bitcoin reached a record high above $112,000, leading to over $226 million in liquidations within 24 hours, predominantly from short positions.
- The surge in Bitcoin's price signals a bullish market trend, raising its market capitalization above $2.2 trillion and driving trading volume past $55.6 billion.
- The sharp increase in Bitcoin's value has squeezed bearish traders, with significant liquidations emphasizing the rapid shift in sentiment within leveraged environments.
- Analysts warn of continued volatility despite the positive momentum, as evidenced by nearly $500 million in liquidations across the broader cryptocurrency market, emphasizing the importance of risk management.
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Coindoo
2d
301
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Top Crypto Trader Michaël van de Poppe’s Portfolio Down 65%—Here’s What He’s Holding
- Crypto trader Michaël van de Poppe's portfolio is down by approximately 65% from its peak as per his recent social media post.
- Van de Poppe's portfolio includes a mix of safer, lower-volatility assets like Celestia, Optimism, Sei, and Bittensor, connected to the Ethereum and blockchain ecosystems.
- On the higher-risk side, he holds assets such as Wormhole, Omni Network, Renzo, Aevo, and Rocket Pool, reflecting his interest in DeFi infrastructure and emerging Ethereum-based technologies.
- Despite the current drawdown, van de Poppe adjusts his portfolio monthly and sees potential upside of 100% to 120% if the market recovers to previous highs.
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Coindoo
2d
305
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Top Crypto Gainers for Next Bull Run: What’s Fueling the Buzz Around BlockDAG, AVAX, FIL & SEI?
- BlockDAG, Avalanche, Filecoin, and SEI poised for next bull run gains.
- BlockDAG features scalability, Avalanche emphasizes network speed, Filecoin offers storage power.
- SEI focuses on speed and multi-use growth potential in DeFi and gaming.
- Each project showcases unique strengths with market momentum and real-world utility.
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Coindoo
2d
270
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Crypto Market Rebounds as Bitcoin Hits $110,000 and Ethereum Jumps Above $2,000
- The crypto market has rebounded with Bitcoin reaching $110,000 and Ethereum exceeding $2,000.
- Bitcoin commands 63.9% market share with a trading volume of over $45.3 billion.
- Ethereum has seen gains of over 5% in the last week and 6.1% in the last month, with a market cap of approximately $330.7 billion.
- Market capitalization reached $3.43 trillion, up 1.71% on the day, showing increased investor interest in both Bitcoin and Ethereum.
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Bitcoinmagazine
2d
148
Donald Trump Jr. Invests $4 Million in Bitcoin Treasury Company Thumzup Media
- Donald Trump Jr. has invested over $4 million in Thumzup Media Corp., a social media startup that recently adopted a Bitcoin treasury strategy.
- Thumzup Media reported meager revenue of $151 and a $2.2 million loss in Q1 2025, but holds over $2 million in Bitcoin after a shift in liquid reserves.
- The investment reflects a growing focus on Bitcoin by companies connected to the Trump family, with ventures like Metaplanet and Trump Media and Technology Group integrating Bitcoin into their financial strategies.
- Donald Trump Jr. and Eric Trump are advisors to firms involved in Bitcoin ventures, with Trump Media planning the launch of the Truth Social Bitcoin ETF and committing $2.5 billion to build its own Bitcoin treasury.
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Bitcoinmagazine
2d
336
Myths Busted And Conflicts of Interest Noted at Senate Banking Crypto Market Structure Hearing
- Senate Banking Committee held hearing on digital asset market structure with crypto industry leaders.
- Key themes included crypto's role in illicit finance, conflicts of interest, and regulatory jurisdiction.
- Witnesses discussed illicit activities, Trump family's involvement, and collaboration between regulatory agencies.
- Bipartisan legislative efforts were noted, emphasizing the need for sensible crypto legislation.
- The hearing highlighted concerns and discussions surrounding cryptocurrency industry and regulatory frameworks.
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Coindoo
2d
250
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$42M Stolen in GMX Hack, Hacker Offered Bounty
- A hacker stole $42 million in a GMX hack by exploiting GMX's GLP pool and conducting complex token swaps and cross-chain transactions to conceal the stolen funds.
- GMX tried to negotiate with the hacker on-chain, offering to return 90% of the funds and keep 10% as a 'white-hat' reward, equivalent to around $4.2 million.
- Despite the negotiation attempt, the hacker has not responded, and the address associated with the breach still holds close to $44 million in stolen funds.
- The incident has raised concerns about protocol-level security in decentralized finance, prompting GMX to conduct a post-mortem analysis on the breach.
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Zycrypto
2d
176
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NEXBRIDGE and NEXPLACE Secure $8 Million Series A to Build Bitcoin-Powered Capital Markets Infrastructure
- NEXBRIDGE and NEXPLACE have secured $8 million in Series A funding led by Fulgur Ventures to build Bitcoin-powered capital markets infrastructure.
- The funding will be used to connect regulated capital markets with Bitcoin-based infrastructure, with plans to consolidate the two entities into a single holding structure after necessary approvals.
- NEXBRIDGE will expand its asset-backed digital products, including USTBL, while NEXPLACE will accelerate platform development for its upcoming public debut.
- This initiative aims to bring traditional capital market safeguards onto Bitcoin rails and offer regulated digital assets with global access, transforming market structure through blockchain technology.
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Zycrypto
2d
15
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Status (SNT) Launches World’s First Natively Gasless Layer 2 on Testnet, Built on Consensys’ Linea Stack
- Status has launched the world's first natively gasless Layer 2 network on testnet, replacing sequencer fees with native yield and app revenues for seamless onboarding.
- Built on Consensys' Linea stack, the zkEVM rollup aims to enhance Ethereum scalability and sustainability.
- The network offers a revenue model eliminating transaction fees by funding builders and liquidity providers through bridged yield and native app fees.
- Status Network's gasless design generates revenue through yield rather than gas, attracting more users and deposits to ensure sustained returns and benefits for the community.
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Bitcoinmagazine
2d
172
Emirates Signs A Deal To Integrate Bitcoin And Crypto Payments
- Emirates has signed a deal with Crypto.com to integrate Bitcoin and crypto payments into its booking systems, aiming to facilitate Bitcoin adoption in the travel industry.
- Customers will soon be able to pay for flights using Bitcoin and other cryptocurrencies through Crypto.com Pay, with integration expected by 2026.
- This strategic partnership reflects Emirates' commitment to meeting customer preferences and tapping into tech-savvy segments who prefer digital currencies.
- The move aligns with Dubai's vision for financial innovation and comes as Emirates joins the ranks of airlines accepting Bitcoin, positioning Dubai as a crypto-friendly hub.
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Coindoo
2d
356
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Why Tokenization Could Be a Game-Changer for Crypto
- Bitwise Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen believe that tokenization is gaining momentum, with traditional financial giants like Coinbase and Robinhood getting involved.
- Hougan, once skeptical, now views the shift towards blockchain-based trading of real-world assets as inevitable, stressing the potential for markets to operate continuously with tokenization.
- BlackRock CEO Larry Fink's endorsement of tokenization for all financial assets has added legitimacy to the concept, contributing to its acceleration.
- Bitwise's analysis suggests that blockchains like Ethereum, Solana, Chainlink, and XRP are well-positioned for the tokenization trend, potentially leading to significant sector growth and investment opportunities.
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Bitcoinmagazine
2d
203
KULR Expands Bitcoin Mining Operations to 750 PH/s, Targets 1.25 EH/s by Late Summer
- KULR Technology Group, Inc. expands its Bitcoin mining operations to 750 petahash per second (PH/s) by deploying 3,570 Bitmain S19 XP 140T mining machines in Paraguay.
- The company aims to reach 1.25 exahash per second (EH/s) by late summer through its dual-pronged 'buy-or-mine' Bitcoin accumulation strategy.
- KULR has partnered with a U.S.-listed company for ASIC miner leasing and operational support, while leveraging Paraguay's low-cost hydroelectric power for reduced operational costs.
- The company has secured a $20 million Bitcoin-backed credit facility, emphasizing its long-term Bitcoin holdings strategy and commitment to integrating Bitcoin into its balance sheet.
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Coinjournal
2d
148
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Donald Trump Jr. backs social media startup aiming to become a crypto powerhouse
- Donald Trump Jr. has invested $4 million in the crypto-focused startup Thumzup Media Corp., despite its minimal revenue.
- Thumzup plans to allocate up to 90% of its liquid assets to Bitcoin and other cryptocurrencies, with a diversified portfolio including Ethereum, Solana, Dogecoin, and more.
- The Trump family, including Donald Trump Jr. and Eric Trump, is increasing its involvement in the crypto space, advising companies like Dominari Securities and Metaplanet, and exploring investments in Bitcoin-related ventures.
- The move represents a shift in the Trump family's stance on cryptocurrency, from skepticism to active participation, aiming to tap into financial opportunities and engage with the growing base of digital asset enthusiasts.
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Coindoo
2d
125
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Binance Reveals New Reserve Data for July
- Binance released its 32nd reserve data report for July, showing overcollateralization across major tokens.
- Reserves exceed user deposits with 102.51% of user BTC, 101.11% of USDT, 100% of ETH, and 111.79% of BNB.
- User behavior shifts noted with decreases in Bitcoin and Ethereum balances, while USDT holdings increased.
- Binance tracked tokens include Solana, PEPE, SUI, WIF, TRUMP, Ethena (ENA), and Hedera (HBAR) alongside flagship assets.
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Coinjournal
2d
125
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Elon Musk’s tweet reignites interest in Peanut the Squirrel (PNUT) memecoin
- Elon Musk’s tweet has sparked a significant surge in interest and trading volume for Peanut the Squirrel (PNUT) memecoin.
- PNUT trading volume soared over 150% to $273 million following Musk's tweet.
- Analysts predict a potential 654% price breakout for PNUT, citing bullish momentum.
- The memecoin's popularity is driven by meme appeal and Musk's backing, despite lacking formal utility or protocol support.
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