A US court has ordered the forfeiture of more than $8.3 million in cryptocurrency and physical assets tied to Angelo Martino, a former ransomware negotiator who was convicted of secretly colluding with the BlackCat ransomware group while posing as a trusted advisor to his victims.
A Double Agent Inside the Incident Response Industry Martino was employed at the Chicago cybersecurity company DigitalMint, where he negotiated on behalf of companies whose computers were hacked and held for multimillion-dollar ransom payments. Rather than protecting clients, Martino shared confidential information he gained from his work as a ransomware negotiator, including victim organisations' negotiating positions and insurance policy limits, to extract the maximum payment for himself and other BlackCat affiliates.
In all, he and his associates extorted more than $75 million in ransoms from four companies and a nonprofit organisation that he represented as a negotiator. The victims included hospitality, retail, medical, and financial services businesses. Martino, 41, of Land O'Lakes, Florida, was sentenced to 70 months for his role in conspiring with BlackCat/ALPHV actors to extort multiple victims, as well as conspiring with other former cybersecurity professionals to attack additional victims in 2023.
Alongside Martino, Ryan Goldberg of Georgia and Kevin Martin of Texas were also involved in the scheme. On May 1, his co-conspirators Kevin Martin and Ryan Goldberg were each sentenced to 48 months in prison for their roles in the conspiracy.
Multi-Chain Crypto Portfolio and Physical Assets Seized The US District Court for the Southern District of Florida issued a forfeiture order targeting his hidden crypto portfolios. The total value of the seized assets is estimated at $8.37 million, spread across several blockchain ecosystems: 90.319 $BTC worth approximately $5.84 million; 7,999.873 $XMR worth approximately $2.46 million, held in the privacy-focused Monero cryptocurrency; 56,174.15 $XRP seized from wallet "...EkThx6"; and 39,760.79 $XLM held at address "...5RJ3BD". Small holdings of Solana's native SOL token were also confiscated during the operation.
Authorities have also seized a bayfront home with an estimated value of $1.68 million, a second single-family home with an estimated value of $396,000, multiple vehicles, a food truck, and a 29-foot luxury fishing boat that Martino obtained using proceeds from his crimes. A hearing to determine the amount of restitution to be ordered against Martino is set for September 17.
Sources:
US Department of Justice: Florida Ransomware Negotiator Sentenced to Prison
Help Net Security: Ransomware Negotiator Who Betrayed Clients Sentenced to 70 Months
CyberScoop: Former DigitalMint Ransomware Negotiator Sentenced to 70 Months
The July 31 payout tips most FTX creditor classes past 100% cumulative recovery in dollar terms, though claims remain pegged to crypto prices from the November 2022 bankruptcy.
Original Image Credits: mundissima / Shutterstock.com
Posted July 20, 2026 at 6:06 am EST.
The FTX estate will distribute approximately $900 million to creditors on July 31, the fifth round of payouts since the exchange imploded in late 2022. With this wave, most creditor classes cross a symbolic threshold, receiving more than 100% of their allowed claims in dollar terms.
FTX Trading Ltd. and the FTX Recovery Trust said eligible creditors who cleared requirements by the June 16 record date will receive funds through BitGo, Kraken, or Payoneer within one to three business days. Under the plan, international “dotcom” customers (Class 5A) get an added 9% to reach 105% cumulative recovery, U.S. customers (Class 5B) add 5% for the same 105%, general unsecured and digital-asset loan claims rise to 103%, and the smallest “convenience” claims reach a cumulative 120%. Separately, $18 million goes to preferred equity holders, lifting those payments to $95 million.
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Claims were locked to cryptocurrency prices as of FTX’s November 2022 bankruptcy filing, when bitcoin traded near $16,000, so a creditor repaid at “105%” has still missed most of the market’s climb since.
The fifth distribution sits well below the roughly $2.2 billion paid in March and the $1.6 billion third round last September. Whether the cash flows back into crypto markets is uncertain, since many creditors sold their claims years ago to distressed-debt funds.
FTX collapsed in November 2022 amid an $8 billion shortfall in customer funds, triggering one of crypto’s largest bankruptcies and the fraud conviction of founder Sam Bankman-Fried. The Recovery Trust has since clawed back assets and sold holdings to fund the phased repayments now nearing their conclusion.
Related Listen: Was the SpaceX IPO Really to Blame for Bitcoin’s Worst Week Since FTX?
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
The memory chip market has a supply problem, and it is not going away anytime soon. Micron Technology said during its fiscal Q3 2026 earnings call that the supply constraints squeezing the high-bandwidth memory and DRAM markets will persist well into 2028, pushing back what the industry had hoped would be a return to balance by early 2027.
What Micron actually said AI is eating memory faster than fabs can produce it. Micron’s new fabrication facility in Idaho is not expected to reach meaningful production volumes until 2028, leaving a sizeable gap between surging AI workload demand and available chip supply.
Micron has responded to that gap by locking in long-term customer contracts, reportedly valued at around $100 billion in aggregate. The company is also reshaping its production mix, moving away from consumer-facing memory products toward chips destined for data centers and AI accelerators.
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SK Hynix, Micron’s South Korean competitor and currently the dominant supplier of HBM chips for AI accelerators, went even further. The company’s CEO forecast that 2027 could represent the worst supply shortage in the entire history of the memory semiconductor industry, with demand expected to outstrip available supply beyond 2030. Samsung has issued similar cautionary signals.
Why the crypto market is paying attention Projects like Render Network, Akash Network, Filecoin, and Arweave operate in a space broadly described as decentralized physical infrastructure networks, or DePIN. The pitch is straightforward: instead of renting compute or storage from Amazon, Google, or Microsoft, users tap into distributed networks of hardware owners who contribute spare capacity in exchange for token rewards.
If the largest hyperscalers are scrambling to secure HBM supply through 2028 and beyond, and if that scarcity translates into higher cloud pricing for GPU compute and storage, decentralized networks start looking less like an ideological choice and more like a practical hedge.
What investors should watch For equity investors, Micron’s earnings call was effectively a roadmap. The company has pricing power, long-term contract visibility, and a production ramp timed to meet demand that its own customers are already pre-paying to access. The market reaction after the earnings call reflected that reading.
SK Hynix’s dominance in HBM supply for AI chips means it captures a disproportionate share of the premium pricing that comes with constrained supply. Samsung, which has faced yield and quality challenges with its own HBM product line, is under pressure to close the gap. How quickly Samsung can do that will partly determine whether the shortage extends toward the outer bounds of SK Hynix’s 2030 projection.
The Idaho fab timeline is also worth monitoring. Micron’s acknowledgment that its newest domestic production facility will not contribute significantly until 2028 means there is a concrete date on the calendar against which the supply tightness thesis can be tested.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aurora, an Ethereum Virtual Machine (EVM) compatible blockchain network running on the NEAR Protocol, reportedly experienced access issues on its mainnet. According to information shared by Onchain Lens, the Aurora mainnet became unavailable at 05:16:11 and the outage was ongoing at the time of writing.
Aurora stands out as a layer that enables Ethereum-based decentralized applications (dApps) and smart contracts to run on the NEAR Protocol infrastructure with lower transaction costs and higher scalability. Thanks to EVM compatibility, developers can migrate existing Ethereum applications to the Aurora network without making significant changes.
In its 2021 funding round, the project raised a total of $12 million from investors including leading venture capital firms in the sector such as Pantera Capital, Electric Capital, and Dragonfly Capital.
At the time, Aurora, which offered alternative solutions to Ethereum’s high transaction fees, stood out and achieved significant growth in the decentralized finance (DeFi) ecosystem.
However, DeFiLlama data shows that the network has shrunk significantly in recent years. Aurora’s total value of assets locked (TVL) peaked at approximately $2.5 billion in 2022, but subsequently declined by about 99 percent to $4.65 million due to market contraction and decreased user interest.
Aurora has not yet released an official statement regarding the cause of the main network outage. It remains unclear whether the problem was due to a technical malfunction, scheduled maintenance, or another reason.
Experts say that such outages on blockchain networks can temporarily affect user transactions, decentralized finance applications, and smart contracts. While the Aurora team is expected to continue working to resolve the issue, users are advised to follow announcements from official channels.
*This is not investment advice.
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Allbridge has asked users to withdraw liquidity immediately after a $1.65 million exploit.
Cross-chain stablecoin bridge, Allbridge Core, suffered a security exploit that resulted in losses of approximately $1.65 million, according to blockchain security firm PeckShield.
The firm said the attacker has already bridged the stolen funds from Solana to Ethereum.
Allbridge Responds Allbridge confirmed experiencing a security incident and that the protocol has been paused as a precaution while the team investigates. The project also urged users with liquidity in affected pools to withdraw their funds immediately.
According to Allbridge, the exploit created a temporary positive arbitrage opportunity due to an imbalance in the affected liquidity pools. The team asked anyone who profited from the arbitrage to voluntarily return the funds, while adding that they would be used to compensate affected liquidity providers.
Meanwhile, blockchain security firm Onchain Labs explained that the exploit began with a $1.12 million USDC flash loan obtained from Kamino on Solana. The attacker allegedly used rapid USDC and USDT swaps to manipulate Allbridge Core’s stablecoin pool ratios before withdrawing liquidity at distorted rates, repaying the flash loan within the same transaction, and extracting the funds. Onchain Labs added that the stolen assets were later moved through privacy protocols for mixing.
Allbridge has faced a similar attack before. In April 2023, the protocol lost around $573,000 in a flash loan exploit on BNB Chain. The attacker took advantage of a bug in the smart contract to manipulate token swap prices, which allowed them to steal about $289,900 in BUSD and $290,900 in USDT.
A String of Bridge Exploits Cross-chain bridges remain a favorite target for hackers. In April, Syndicate Labs lost about $330,000 worth of SYND tokens after a leaked private key let an attacker take control of its Commons bridge contracts.
You may also like: Ethereum Tops $1,900 in a Six-Week High, Where to Next For ETH? Here’s Why Robinhood Chain Is Ultra Bullish for ETH Despite Cannibalizing Revenue Expert: Bitcoin Faces $8B Attack Risk, Ethereum More Secure A month later, the Verus-Ethereum bridge was exploited for more than $11 million because one of its contracts failed to validate transactions properly, although most of the funds were later returned.
In June, the Ethereum Layer 2 network Taiko told users to pull their assets from its bridges after attackers stole $1.7 million from one of its bridge protocols.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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The non-USDC/USDT stablecoin supply on the Solana blockchain has reached a significant milestone, hitting an all-time high of $4.81 billion. This growth is primarily driven by the increased adoption of USD1 and USDG, which are linked to World Liberty Financial and Global Dollar respectively. These stablecoins are contributing to a notable diversification in Solana’s stablecoin market, previously dominated by USDC and USDT. The surge in supply suggests an accelerated shift towards alternative stablecoins within the ecosystem, reflecting broader trends in both retail and institutional demand for diversified, yield-bearing assets.
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Key Takeaways The non-USDC/USDT stablecoin supply on Solana appears to have reached a record high, driven by USD1 and USDG. This increase suggests enhanced market diversification, consistent with broader adoption of alternative stablecoins on Solana. The current stablecoin supply level indicates a significant portion of Solana’s total stablecoin market, suggesting rising interest in protocol-specific stablecoins. What to Watch Markets will be observing whether this trend continues, potentially affecting Solana’s liquidity and broader market confidence. Key indicators include any further increases in stablecoin supply and their impact on Solana’s price dynamics, particularly in the context of reaching the $90 price target in July. Developments in related markets, such as institutional adoption or regulatory changes, could also influence future movements. Watch for any announcements from Solana Labs, regulatory bodies, or major financial institutions that could affect the stablecoin landscape on the platform.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 5% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.1% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 3.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 36% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market →
Key Takeaways SOL currently trades between $74 and $76, experiencing a decline of more than 3% over the last 24 hours with trading volume reaching $1.65B Technical analyst Ali Martinez identifies a monthly TD Sequential “9” buy indicator on Solana’s price chart Liquidation data reveals long position holders suffered losses of $13.06M out of a total $14.37M in 24-hour liquidations Crypto Patel maintains that SOL’s long-term projection of $500 stays intact provided price action remains above the 0.5 Fibonacci retracement Critical resistance and support zones: $77.35 marks the bullish flip level, while $70–$75 represents crucial support territory Solana (SOL) is currently positioned at $75.97, showing a 1.49% increase over the previous 24-hour period. The digital asset has generated $1.88 billion in daily trading activity, maintaining a market capitalization of $44.26 billion.
Solana (SOL) Price While SOL has experienced a modest bounce, the asset remains in negative territory with a 5.9% decline across the seven-day window and an 8.9% decrease over two weeks. However, the cryptocurrency maintains a positive 2.6% gain on the monthly timeframe.
Technical analyst Ali Martinez has identified a significant monthly TD Sequential “9” buy indicator on Solana’s price chart. This technical formation emerged following a substantial downturn from above $245 in late 2024 to approximately $76.62.
The TD Sequential indicator has materialized after a prolonged bearish phase and suggests diminishing selling pressure. Technical signals occurring on monthly charts typically carry greater significance compared to those appearing on shorter time intervals.
To confirm the bullish setup, SOL must recapture the $80–$85 price range. A decisive monthly closure above $100 would provide stronger evidence of a macro trend reversal. Conversely, a breakdown below the $70–$75 zone would compromise the bullish thesis and potentially trigger a move toward $60.
Critical Fibonacci Retracement Supports Long-Term Price Projection Market analyst Crypto Patel maintains that Solana’s ambitious $500 price projection remains achievable, contingent upon maintaining support above the 0.5 Fibonacci retracement threshold. This technical level is viewed as a fundamental component of the asset’s broader market architecture.
Maintaining price action above the 0.5 Fibonacci retracement typically indicates that the underlying uptrend remains structurally intact, despite interim pullbacks.
Examining the near-term one-hour timeframe reveals a bearish technical formation. The entry range is positioned between $76.45 and $76.70, with projected downside objectives at $75.70, $74.30, and $73.60.
This bearish near-term configuration remains effective provided SOL continues trading beneath $77.30. A decisive break and close above $77.35 would negate the bearish scenario.
Long Position Holders Bear Brunt of Market Liquidations Data from CoinGlass indicates that traders holding long positions sustained the majority of recent market losses. Aggregate SOL liquidations spanning 24 hours totaled $14.37 million. Long position liquidations comprised $13.06 million — representing approximately 91% of total forced closures.
Within a 12-hour window, long traders experienced $7.66 million in liquidations compared to $1.07 million for short positions.
In a separate technical development, Solana’s SuperTrend indicator on the three-day chart shifted to bullish on July 12 — marking the first buy signal since October 10.
During the period spanning July 3 to July 11, exchange reserves decreased by 100 million SOL tokens. Simultaneously, the Solana network welcomed 1.4 million new wallet addresses, according to data provided by Token Terminal.
Solana continues trading within a significant historical volume cluster that extends between present price levels and a wider macro expansion zone.
Solana has seen an influx of over $26 million in assets bridged from other blockchains over the past week, according to data from SolanaFloor. This activity highlights ongoing cross-chain capital flows into Solana, even as the current figure is lower than previous peaks like the $760 million recorded in September 2025. The Solana network, noted for its high on-chain activity and decentralized exchange (DEX) volume leadership, continues to draw interest despite the relatively modest inflow. The recent asset movement may indicate sustained interest in Solana’s capabilities, potentially influenced by its competitive transaction speed and cost advantages.
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Key Takeaways The movement of over $26 million in assets to Solana suggests continued interest in the blockchain, although lower than previous peaks. Solana’s features, including high transaction speeds and active DEX volume, are likely contributing factors to the cross-chain inflows. Market pricing implies a moderate increase in Solana’s price potential, with scenarios supporting a rise to $90 being considered. What to Watch Watch whether the inflow trend accelerates or decelerates, which could impact Solana’s price trajectory. Key upcoming developments include potential announcements about Solana-based financial products or significant upgrades, which could further influence market expectations. Markets will also be monitoring macroeconomic indicators, such as interest rate changes, that could affect broader cryptocurrency market conditions.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 4.5% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.1% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.8% — — View market → August 1 2026 3.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 34% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Quarterly Cash Distributions Set for AugustGrayscale is moving to convert staking rewards from its Ethereum ($ETH) and Solana ($SOL) exchange-traded funds into regular cash payouts for shareholders. The asset manager filed a prospectus supplement on July 17, 2026, outlining changes to its Grayscale Solana Staking ETF (ticker: GSOL) that introduce mandatory quarterly cash distributions of staking rewards, with the amendment expected to take effect on or around August 7, 2026. A parallel amendment has been filed for its Ethereum Staking ETF (ticker: ETHE) on the same timeline.
Under the proposed structure, both trusts would convert staking rewards to cash no less often than quarterly, with the net proceeds distributed to shareholders after expenses and a facilitation payment to the sponsor. SEC documents explicitly state that there is no guarantee of a fixed distribution amount, as payouts will depend on the actual staking rewards received during each period.
IRS Guidance and the Case for Standardised PayoutsGrayscale views the change as necessary to align with IRS Revenue Procedure 2025-31, so each trust can continue to be treated as a grantor trust for U.S. federal income tax purposes. That procedure allows a compliant trust to distribute net staking rewards consistently, either in kind or after a cash sale, no less frequently than quarterly. Grayscale's proposed agreements specifically choose cash, requiring the trusts to sell the native-asset rewards before passing net proceeds to shareholders.
The move also has a practical benefit for investors. By aligning both the ETHE and GSOL trusts to the same payout cadence, investors gain a common framework to compare net cash returned across the two funds. GSOL stakes all of its Solana holdings, generating approximately 6.1% in annual rewards, which are converted to cash and paid out after fees. By contrast, gross staking rewards on Ethereum currently range from 3.1% to 3.3% annually, with net distributions to shareholders coming in at around 1.9% to 2.6% after fund fees and custody costs.
The Ethereum fund has already tested this model. In January 2026, Grayscale's ETHE became the first spot crypto ETP in the U.S. to distribute staking rewards to shareholders, paying out proceeds from rewards earned between October 6, 2025 and December 31, 2025. That initial distribution totalled $9.4 million, paid on January 6, 2026.
Investors should note the tax implications. Grayscale explicitly flags in the filing that cash distributions carry tax consequences, and the fund encourages investors to consult tax advisors, as distributions from a staking ETF are likely treated as ordinary income in most jurisdictions.
Sources:
Grayscale Ethereum Staking ETF, SEC Form 424B3 Filing, July 17, 2026
Grayscale Solana Staking ETF, SEC Form 424B3 Filing, July 17, 2026
CryptoSlate: Grayscale quarterly cash distributions analysis, July 19, 2026
Solana (SOL) price edges lower on Monday, maintaining a corrective tone from early July. Institutional demand remains muted, with two consecutive weeks of inflows under $1 million, while declining Open Interest and the funding rate point to bearish retail interest, even as trading volume rises by over 70% in 24 hours.
Institutional, retail signal further downside for SolanaSolana struggles to regain strength despite easing broader market risk-off sentiment. CoinGlass data show a minor contraction in SOL futures Open Interest (OI) over the last 24 hours, to $4.77 billion, despite a 78% increase in trading volume to $5.37 billion. Meanwhile, the funding rate has slipped below zero to 0.0023%, indicating that traders are willing to buy short positions at a premium.
On the institutional side, the SOL-focused Exchange Traded Funds (ETFs) recorded $948,210 in inflows last week, following the previous week’s inflow of $930,430. This points to institutional interest shifting from SOL to other blue-chip crypto assets like Bitcoin (BTC) and Ethereum (ETH), with inflows of $75.67 million and $105.44 million last week.
SOL ETFs data. Source: Sosovalue
SOL derivatives data. Source: CoinGlassWill Solana price test $70?Solana holds a mildly bearish near-term bias as price remains below a local resistance trendline on the 4-hour chart. At the time of writing, SOL trades in the red on Monday, under its 50-period Exponential Moving Average (EMA) at $76.32 and the 200-period EMA at $76.51.
The Relative Strength Index (RSI) around 49 on the 4-hour chart signals neutral momentum, while the Moving Average Convergence Divergence (MACD) and signal line hint at modest positive pressure that has yet to overcome structural resistance.
Looking down, the immediate support lies at the S1 Pivot level near $73.50, reinforced by a descending support trendline near $72.80. A slip below this zone could target the S2 Pivot level at $70.62.
SOL/USDT 4-hour price chart.On the topside, a decisive close above the downward resistance trendline near $77.27 could confirm further upside for SOL. The R1 and R2 Pivot levels at $79.15 and $81.92 could cap the potential breakout rally.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto may not be struggling because the technology has stopped developing. According to Galaxy Digital CEO Mike Novogratz, the bigger problem right now is that the market has lost the attention of speculative traders.
The traders who once chased Solana and other high-flying crypto assets are now looking for excitement elsewhere. “Every young kid that used to buy Solana is buying Hynix or some memory company,” Novogratz said. He pointed to the growing interest in semiconductor stocks and other hot trades.
He also added sports betting, same-day options and Korean stocks as areas that have absorbed much of the speculative energy. This energy once flowed into crypto.
Crypto Has Lost Its “Vibe”Novogratz compared the current market to the previous gold and silver bubble, saying crypto has experienced a similar speculative peak.
“That’s what tops look like,” he said, while stressing that a market topping does not mean the asset class disappears. For him, the current crypto mood is simple: “Meh.”
“People just aren’t as excited about it because there’s other things to be excited about,” Novogratz said.
Still, he does not believe Bitcoin’s long-term story has been broken. He said Bitcoin price could hold around $60,000. However, reaching $80,000 and eventually $100,000 would require three major catalysts. These are the CLARITY Act passing, Federal Reserve rate cuts and a renewed base of buyers.
He does not expect rate cuts this year. However, he sees the CLARITY Act as roughly a 60/40 or possibly two-thirds chance of passing. His base case is that Bitcoin remains between $60,000 and $80,000 for the rest of the year. If it breaks above $80,000, $100,000 could become the next major resistance.
The Technology Is Still Being BuiltDespite the lack of hype, Novogratz believes crypto infrastructure is continuing to develop behind the scenes.
“I’m literally doing deals with five or six, hopefully, big traditional institutions to help build infrastructure,” he said. He pointed to automatic settlement and the ability to transfer value over the internet as technologies that could eventually be used across financial markets.
Crypto also remains more important in many overseas markets than in the United States. Traditional financial services in the U.S. are already highly developed.
The Next Crypto Phase Could Be DifferentOverall, his broader message is that the speculative frenzy may have moved elsewhere for now. However, the underlying technology has not gone away.
The next major crypto phase, he said, may not be driven purely by hype and leveraged trading. Instead, the infrastructure being built today could eventually create a more sustainable market. One that brings real financial institutions and users into the ecosystem even after the speculative crowd has moved on.
Story Ends Here
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Allbridge Core paused its protocol following a $1.65 million flash loan exploit on its Solana liquidity pools.The attacker used a $1.12 million flash loan from Kamino to manipulate pool ratios, enabling them to withdraw assets at favorable rates before bridging funds.Allbridge paused operations for investigation and advised liquidity providers to withdraw, while also asking traders who profited from the imbalance to return funds.Allbridge Core has paused its cross-chain stablecoin protocol after an attacker stole roughly $1.65 million from its Solana liquidity pools, according to security firms CertiK and PeckShield.
Allbridge is a bridge that lets users move assets between blockchains that do not communicate directly. Its Core product uses liquidity pools to transfer native stablecoins such as USDC and USDT without issuing wrapped versions of the assets.
The attacker used a $1.12 million flash loan from Solana lending protocol Kamino to rapidly swap USDC and USDT, manipulating the pools’ internal ratios before withdrawing assets at favorable rates, according to Onchain Lens. A flash loan is a loan taken and repaid within the same transaction.
The stolen assets were bridged to an Ethereum address and dispersed across additional addresses. It isn’t currently clear how much remains under the attacker’s control.
Allbridge said it paused the protocol while investigating, and told liquidity providers to withdraw from affected pools. The initial manipulation left the pools imbalanced and created a temporary arbitrage opportunity. Allbridge asked traders who profited from the pricing distortion to return funds for LP compensation.
Allbridge suffered a similar flash loan attack in 2023 that drained roughly $650,000 from its BNB Chain pools. The firm later said it recovered most of the funds and changed its liquidity and withdrawal calculations. Allbridge had raised $2 million in 2022 to expand the bridge and fund security audits.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
PUMP Hits Two-Month High on Ansem Position DisclosurePumpfun's native token $PUMP climbed to its strongest level since May 12 on Monday after crypto trader Ansem (@blknoiz06) disclosed a new position in the asset. According to BeInCrypto, Ansem entered the trade at $0.001675, with on-chain data showing he deployed 1,500 SOL, worth roughly $115,000, to acquire the position. The disclosure moved markets, with PUMP posting gains of more than 21% on the day and 31% over the trailing week.
The move also drew in larger leveraged bets. On-chain tracker Lookonchain noted that one trader opened a 10x long on 764 million PUMP tokens worth $1.53 million shortly after Ansem's buy was spotted, with a liquidation price set at $0.0016194.
Ansem's Solana Thesis Places Pumpfun at the CentreThe trade is tied to a broader thesis. Ansem argued that Solana will dominate retail on-chain activity in this cycle and that Pumpfun stands to be the primary beneficiary if that plays out. He also suggested a large user airdrop could reignite activity on the platform, drawing comparisons with the Jito and Jupiter distributions of late 2023, which drove significant trading volumes across the Solana ecosystem.
The broader context adds weight to the call. Ansem has previously stated that Pumpfun generates roughly $440 million in annualised revenue, yet PUMP trades at a fully diluted valuation of around $1.4 billion, a fraction of what comparable platforms command. He has argued that the gap reflects a trust deficit with users rather than a weakness in the underlying business, and that delivering a long-promised airdrop to early participants could begin to close it.
Monday's rally also extended gains that began on Sunday, when attention from a viral meme coin drove PUMP from around $0.0016 to $0.0019. The combination of that momentum and Ansem's disclosed buy pushed the token to an intraday high of $0.00207, its best print in over two months.
As with any influencer-driven move, the durability of the rally will depend on whether the underlying thesis attracts sustained conviction or fades once the initial attention cycle passes. Pumpfun has yet to announce a formal airdrop plan.
Nova Labs’ legal chief said the CLARITY Act could stop crypto regulation from reversing whenever US political leadership changes. The SEC dismissed its digital asset claims against Nova Labs with prejudice in April 2025, three months after suing the company over HNT distributions. CLARITY could classify programmatically distributed tokens such as HNT as digital commodities rather than securities. The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.
Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.
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Over the past day, Shiba Inu has seen a significant decline in exchange outflows, with the metric falling by about 65%. The abrupt drop may serve as a significant warning sign for the second-biggest meme cryptocurrency, especially since traders are still looking for proof of consistent growth. Because they show how much SHIB is being taken out of centralized trading platforms, exchange outflows are closely monitored.
Netflows remain negativeIncreases in outflows typically result in investors shifting assets into long-term storage or self-custody, which lowers the supply that can be sold right away. This accumulation trend is frequently slowing down when outflows are declining. The fact that exchange netflows were negative at the time of writing makes the current situation even more noteworthy. Negative netflows, which are generally regarded as a positive signal, indicate that more SHIB was leaving exchanges than was entering them overall.
SHIB/USDT Chart by TradingViewThe sharp decline in outflows, however, indicates that although tokens are still leaving trading venues overall, the rate of withdrawals has significantly decreased. Exchange reserves are still trending downward, according to on-chain data, a longer-term bullish trend that has persisted for months. The quantity of SHIB stored in exchange wallets has steadily decreased, lowering the amount of liquidity that can be sold right away.
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Softening where it shouldn'tThe same underlying trend has been reflected in the continued softening of exchange reserve values expressed in USD. Momentum is an issue. In addition to a metric's direction, markets frequently respond to its rate of change. A 65% decrease in daily outflows, compared to earlier sessions, suggests that investor confidence may be waning. One of the main forces behind recent support may be diminished if large holders and active traders show less desire to take tokens off exchanges.
Transaction activity has stayed comparatively steady, indicating that there is not a significant decline in network usage. However, SHIB might find it difficult to create enough buying pressure to maintain a significant recovery in the absence of increased withdrawal activity. The larger picture is still unclear as of right now. Negative netflows show that more tokens are leaving exchanges than entering them, and long-term exchange reserve trends continue to favor bulls.
However, the dramatic decline in daily outflows is a warning that accumulation is slowing. SHIB may find it more challenging to create the momentum required for a stronger upward move if exchange outflows do not rebound in the upcoming days, particularly as volatility returns to the broader cryptocurrency market.
Shiba Inu, the second-largest meme coin by market value, saw a sharp reduction in exchange outflows over the past 24 hours. Data shows that this key metric dropped by approximately 65%, raising questions about the strength of investor accumulation and overall market sentiment toward SHIB.
Exchange flows and investor sentimentExchange outflows track the amount of SHIB withdrawn from centralized trading platforms. Typically, sustained outflows suggest that investors are moving tokens into self-custody or long-term storage, which reduces the immediately available supply and may reflect a bullish outlook.
A sudden decline in outflows, as observed recently, can signal waning investor confidence or a slowdown in accumulation. Despite this reduction, netflows remain negative, with more SHIB leaving exchanges than entering them, a condition often interpreted as a positive indicator for price stability.
At the time of measurement, exchange netflows were negative and reserves on trading platforms continued to decrease, a trend that has established a long-term bullish bias among some market participants.
Mini dictionary: Exchange outflows, the total amount of cryptocurrency withdrawn from centralized exchanges in a specified timeframe. High outflows can signal accumulation and confidence, while declining outflows may indicate slowing interest in self-custody or long-term holding.
The marked decrease in outflows suggests that, while SHIB is still leaving exchanges on balance, the intensity of this trend is tapering off.
Market impact and network activityThe pattern of shrinking SHIB reserves stored on exchanges has persisted in recent months, reducing the overall liquidity that could be sold at short notice. This shrinkage, measured both in token count and USD equivalent, typically points to ongoing investor accumulation.
However, the latest 65% drop in daily outflows is significant. When the pace of withdrawals slows, it may reflect either caution among long-term holders or declining engagement from large investors and active traders. In cryptocurrency markets, not only the metric’s direction but also its rate of change is closely watched for shifts in sentiment.
MetricPrevious SessionCurrentChangeSHIB Daily OutflowsHighLow-65%NetflowsNegativeNegativeStableExchange ReservesDecreasingDecreasingOngoing trendTransactional activity on the Shiba Inu network remains steady, which means that overall usage is not declining sharply. Nevertheless, without an uptick in withdrawals, it could prove challenging for bulls to generate the buying pressure needed to support a strong price recovery, especially during periods of increased market volatility.
Outlook remains cautiousThe drop in SHIB exchange outflows stands out as a potential warning sign. If this stagnation in accumulation continues, Shiba Inu may struggle to build the momentum necessary for a significant rally. While negative netflows and shrinking reserves still lend support to a bullish long-term thesis, short-term dynamics suggest that investors are proceeding with caution amid uncertainty in the wider crypto market.
Despite fewer tokens being deposited onto exchanges, the pronounced fall in outflows indicates that many traders may be hesitating to move their assets off trading platforms in the immediate term.
Analysts will likely monitor upcoming data closely to determine whether SHIB can regain the momentum in exchange withdrawals required to underpin further gains.
For now, the evolving balance between exchange outflows, reserves, and netflows continues to shape short-term sentiment surrounding Shiba Inu.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Despite July historically being considered the most stable period for Shiba Inu (SHIB), familiar market cycles have come under threat this year, and July 2026 has become a serious test of SHIB holders' "diamond hands".
They now have exactly 12 days left before the monthly candle closes to hold their positions and return the asset to its long-standing summer tradition.
Why a dramatic slowdown in accumulation is stalling SHIBAccording to data from CryptoRank, SHIB's median return in July stands at at least 3.88%. In the last four years, the token closed the month in positive territory three times — 2025, 2023, 2022 — helping investors offset spring losses.
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However, the current situation is developing contrary to the statistics. As of the time of writing, SHIB is posting a local decline of 1.29%.
This worsens the broader picture of a difficult year, during which the token lost 29.5% in Q2 2026 and is now trading within a narrow range near $0.0000041, outside the top 30 largest cryptocurrencies by market capitalization.
Shiba Inu (SHIB) coin monthly returns in USD, Source: CryptoRankWithin the SHIB community itself, a hidden battle of numbers is now unfolding:
Burning vs supply: In early July, community activists destroyed a record 110 million tokens in a single day and 152 million over one week. However, against a total supply of approximately 589 trillion SHIB, the market simply does not notice these volumes.Whales vs holders: Large players have sent more than 1 trillion tokens to exchanges in recent weeks, putting pressure on the price. In contrast, on-chain metrics recorded the withdrawal of 148.7 billion SHIB to cold wallets, as long-term holders take advantage of the decline and remove tokens from the market. You Might Also Like
Technically, the asset still has a chance to recover and close the month in positive territory. The RSI has fallen to around 39, signaling oversold conditions that previously led to local rallies in February and April.
Buyers have 12 days to save SHIB's "July tradition". During this period, the token must hold the support level at $0.00000412 and break through resistance at $0.0000045. If this does not happen, investors will have to admit that Shiba Inu's old seasonality rules no longer work.
Shiba Inu’s burn rate surged over the past 24 hours after community members permanently removed more than 13 million SHIB tokens from circulation.
According to Shibburn data, a total of 13.2 million Shiba Inu were burned in the past day, permanently reducing the token’s circulating supply. The burns were completed across 13 separate transactions, with the largest single burn accounting for the majority of the destroyed tokens.
The biggest transaction occurred yesterday when an unidentified user transferred 9.7 million SHIB from the CEX.IO exchange to the official dead wallet. Meanwhile, the second-largest burn took place just hours before press time, eliminating approximately 1.2 million SHIB from circulation.
Shiba Inu Burn Activity Accelerates Sharply The latest burn marks a significant increase compared with activity recorded over the previous week, during which daily burns generally remained below 7 million SHIB.
Following the latest spike in burns, Shibburn data shows that the 24-hour burn rate soared by 131.2%. The recent activity also lifted longer-term burn totals. Weekly burns have now reached 45.44 million SHIB, while the monthly burn count has climbed to 269.9 million SHIB.
Shiba Inu Burn Since the launch of the Shiba Inu ecosystem, the community has permanently destroyed 410,840,414,408,454 SHIB (410.84 trillion) through 21,216 burn transactions. That figure represents 41.08% of Shiba Inu’s original 1 quadrillion-token supply, leaving about 58.92% of the total supply still in circulation.
SHIB Price Remains Under Selling Pressure Despite the sharp increase in token burns, SHIB continues to trade under bearish pressure. At the time of writing, Shiba Inu was down 0.23% over the past 24 hours, trading at $0.000004143. The token has also declined 1.36% over the past seven days and 12.31% over the last month.
Furthermore, SHIB remains 1.13% lower on a month-to-date basis, leaving the token with only 11 days to recover and turn its monthly performance positive. It continues to rank outside the top 30 and currently stands as the 33rd-biggest token globally, with a market cap of $2.43 billion.
Meanwhile, growing exchange inflows continue to offset the positive impact of the latest burn activity. According to CryptoQuant data, approximately 12.6 billion SHIB flowed into cryptocurrency exchanges over the past 24 hours.
Consequently, Shiba Inu’s exchange reserve increased to 86.32 trillion SHIB, suggesting that more holders may be positioning their tokens for potential selling, which could continue to weigh on the asset’s near-term price performance.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
More than 160 billion SHIB tokens have been moved to trading platforms, resulting in a significant increase in exchange activity for Shiba Inu. This could lead to further selling pressure as the asset gets closer to a crucial technical resistance zone. Recent on-chain data indicates that total exchange inflows increased to about 160.8 billion SHIB.
SHIB inflows spike upAdditionally, exchange netflows have turned positive, reaching over 18 billion SHIB, suggesting that more tokens are coming into exchanges than going out. Because coins deposited on exchanges are instantly available for sale, these movements have historically been closely watched.
SHIB/USDT Chart by TradingViewEven though a single day of high inflows does not always indicate a market downturn, it frequently indicates that investors are getting ready for more trading. Large holders frequently transfer assets to exchanges prior to taking profits, especially when the price gets close to significant resistance levels. The timing of the inflow spike is particularly intriguing. SHIB is currently trading close to $0.0000114 following weeks of persistent bearish pressure.
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The asset is still far below its major moving averages, and the first significant barrier is the 50-day EMA at $0.0000118. The 100-day and 200-day moving averages continue to support the overall downward trend above that. Following a protracted decline, the chart indicates that SHIB recently stabilized, establishing a short-term base around the $0.0000110 area. Additionally, momentum indicators have started to rebound from oversold conditions.
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Selling pressure may not be as strong as it was in June and early July, as indicated by the RSI's return to above 40. Bulls now have to overcome a challenging obstacle, though. Any attempt at a recovery will probably run into resistance close to the 50-day EMA, where sellers have frequently reclaimed control over the previous few months.
Exchange reservers are descendingBecause more supply might become available just when SHIB reaches that technical barrier, the rise in exchange inflows creates an additional degree of uncertainty. The fact that exchange reserves are still trending downward over the long run is one positive development, suggesting that the general accumulation trend has not entirely vanished.
However, compared to longer-term reserve dynamics, short-term flows frequently have a greater influence on immediate price action. As of right now, SHIB seems to be getting close to its first significant resistance test.
When the asset challenges the $0.0000118-$0.0000120 area in the upcoming sessions, it will probably become evident whether the recent 160 billion SHIB deposited onto exchanges represents preparation for profit-taking or simply repositioning ahead of volatility.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will discontinue the mainnet support of Moonriver (MOVR) and Moonbeam (GLMR), as well as open deposits and withdrawals via Base Network for the aforementioned tokens. General Deposits and WithdrawalsAt 2026-07-21 11:00 (UTC), deposits and withdrawals of the aforementioned tokens via Moonriver and Moonbeam mainnet will be suspended. Users should ensure they leave sufficient time for the aforementioned tokens’ deposits to be fully processed prior to this time. Binance will not make a separate announcement to inform users after we resume deposits and withdrawals of the aforementioned tokens.After the event is complete, Moonriver and Moonbeam mainnet will no longer be supported for deposits and withdrawals.Spot, Margin, and Futures trading and Binance Earn services will not be impacted during the migration.Binance will handle all technical requirements for users who are involved in this event. Contract Swap MOVR and GLMR will be migrated from their mainnets to Base Network at a ratio of 1:1. New tokens smart contract addresses:MOVRGLMR Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-20
Tom Lee: Margin debt balance on U.S. stock markets has posted a rare surge in 60 years, with the previous five such market occurrences all leading to a six-month consolidation period.
Over the weekend, Tom Lee told CNBC in an interview that U.S. margin debt has risen 54% year-over-year, marking the sixth-largest increase in the past 60 years. “A cohort of traders borrowing money to buy stocks has flooded into the market, and history shows the market will react accordingly: the South Korean stock market offers a case in point, where 1.2 million brokerage accounts faced margin calls, potentially accounting for 10% of all adult investor accounts,” Lee noted. He added that in U.S. stock market history, the prior five surges in margin balances were typically followed by a six-month market consolidation.
4 minutes ago
French bitcoin treasury firm Capital B will carry out a 1-for-10 reverse stock split.
French Bitcoin treasury firm Capital B announced a 1-for-10 reverse stock split of its share capital. The move will run from August 6 to September 7, and will not directly impact the total value of the company’s shares. Upon completion of the split, the number of outstanding shares will decrease accordingly, with the share price adjusted proportionally.
Crypto analyst Amr Taha has noted a clear divergence in recent dynamics among Bitcoin holders: large whales continue accumulating Bitcoin, while medium-sized wallets are selling off at an accelerating pace. Specifically, wallets holding 1,000 to 10,000 BTC added a net ~66,700 BTC over the past 60 days, near the 68,000 BTC level set on June 16. By contrast, wallets holding 100 to 1,000 BTC recorded a net sell-off of roughly 77,800 BTC, marking one of the most aggressive sell-off periods in current data. Historical data shows that the behavior of wallets holding 100 to 1,000 BTC aligns with key short-term market turning points. On April 25, this group’s net accumulation exceeded 92,000 BTC. About 10 days later, Bitcoin entered a short-term correction, ultimately falling around 29%. Amr Taha argues that continued accumulation by large holders reduces immediately available supply, particularly during periods when smaller groups are actively distributing Bitcoin. While group data alone cannot determine future price trends, the current shift of supply toward large wallets may signal positive mid-term momentum for Bitcoin.
4 minutes ago
Bitcoin option implied volatility has plunged to rock bottom; three times so far this year, it has consistently signaled significant Bitcoin price swings.
Crypto analyst Murphy pointed out that Bitcoin’s option implied volatility (IV) is currently extremely low, with the 1-week IV at 33% and the 1-month IV at 34%—both below the 40% historical range, signaling potential "sharp price swings" in the market. Murphy’s statistics show two similar cases in the past year: 15 days after IV fell below 40% in early January, BTC dropped from $97,000 to $62,000; 14 days after IV dipped below 40% at the end of April, BTC declined from $82,000 to $60,000; and after June 15, BTC fell from $66,000 to $58,000. Murphy noted that low IV stems from market consensus, accumulated volatility arbitrage capital, and market makers’ short gamma mechanism—factors that together amplify the impact of unforeseen events. He reminded derivatives traders to prepare accordingly.
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Hong Kong Exchanges and Clearing (HKEX) responds to the proposal to extend stock trading hours: It is studying extending trading sessions for its derivatives market.
Today, market rumors suggest the Hong Kong Exchanges and Clearing Limited (HKEX) is considering extending stock trading hours and scrapping the lunch break. In response, HKEX stated that it has long been committed to enhancing Hong Kong’s competitiveness as an international financial center, and is currently exploring multiple measures to improve market convenience, including extending trading hours. However, its immediate priority is studying proposals to extend trading hours for the derivatives market, not the stock market. (Source: China News Service’s JINGWEI)
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A Bitcoin whale holding over $100 million in long positions closed their positions an hour ago.
According to Yuqing Monitoring, a whale added to its Bitcoin long positions to reach $108 million this morning, at an average entry cost of $63,958. This afternoon, the whale closed out all its positions amid Bitcoin’s downward trend, netting a final profit of $280,000.
Spain is world champion again. The national team defeated Argentina at MetLife Stadium on July 19, 2026, claiming its second men’s FIFA World Cup title and its first since 2010.
Several FC Barcelona players were front and center in the trophy photos, which made sense given that up to nine La Masia academy graduates featured in the World Cup final. Eight members of the broader Spanish squad came through Barcelona’s famous youth system.
The La Masia effect For context, Spain’s 2010 title was similarly built on a Barcelona spine, with players from the club forming the tactical backbone of Vicente del Bosque’s squad. The 2026 version is a different generation, but the pipeline clearly held.
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Lamine Yamal, Barcelona’s teenage forward, was among the most closely watched players of the tournament. His performances generated the kind of attention that, in 2026, inevitably spills over into crypto markets.
The token picture: official calm, unofficial chaos The official FC Barcelona Fan Token, trading under the ticker BAR, has been sitting in the $0.27 to $0.29 range through mid-July 2026. Its market capitalization hovers around $7.5 million.
BAR launched in 2020 through a partnership with Chiliz, the blockchain platform that pioneered the fan token model across European football. The token gives holders access to club polls, exclusive content, and merchandise perks. It does not give holders any ownership stake in the club or a share of player transfer fees.
Barcelona has not announced any new digital asset or token initiative tied to Spain’s World Cup victory. No commemorative NFT drop, no limited edition BAR reward, no new Chiliz partnership extension.
A collection of $YAMAL tokens has appeared on the Solana blockchain, riding the wave of attention around Lamine Yamal’s tournament performances. These tokens carry no official backing from the player, the club, or any recognized sports organization. Their market caps range from $10,000 to $32,000.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Pepe (PEPE) edges higher on Monday, maintaining a near-term recovery tone seen over the last three weeks. Risk appetite among large wallet investors, commonly referred to as whales, for PEPE is rising, amid declining supply available on exchanges. Retail demand is also increasing, with PEPE futures Open Interest up 11% in 24 hours.
Technically, PEPE should reclaim its 50-day Exponential Moving Average (EMA) around $0.000002850 for a sustained recovery in the short term.
Whales are back for PEPERecovery runs in meme coins such as Pepe depend heavily on whale demand. Santiment data show wallets with 10 million to 1 billion now hold 0.89% of the total supply, up from 0.85% on February 25, while cohorts with 1 billion to 10 billion now dominate 2.57% of the supply, up from 2.51% in the same period. Together, these whale cohorts reflect a long-term bullish outlook for PEPE. In addition, the total supply in profit is now at nearly 25% on Monday, reflecting a near-term recovery.
At the same time, supply on exchanges is down to 18.64% from 22.35% in the same period, suggesting that whales are buying the dip.
On the retail front, PEPE is regaining strength. CoinGlass data show that PEPE futures Open Interest is up 11% over the last 24 hours to $164.73 million, indicating a positional buildup, with trading volume up 98% to $347.47 million in the same period. The positive funding rate of 0.0096% implies a bullish bias in the buildup as traders are willing to buy long positions at a premium. However, these leverage-based positions are often at higher risk of liquidation in case of a pullback, which could deepen Pepe’s downside.
PEPE supply distribution data. Source: Santiment
PEPE derivatives data. Source: CoinGlassTechnical outlook: Will Pepe extend its recovery?Pepe edges higher on Monday, testing the breakout of its 50-day EMA around $0.000002850 after maintaining flat structure below it last week. The 23.60% Fibonacci retracement level at $0.000002659, measured from $0.000004571 to $0.000002249, serves as immediate support, underpinning the near-term recovery.
The Relative Strength Index (RSI) is near 59, reflecting renewed bullish momentum after a recovery from prior oversold extremes. Meanwhile, the Moving Average Convergence Divergence (MACD) is rising toward the zero line alongside its signal line, reinforcing a mild bullish bias.
A decisive close above the 50-day EMA at $0.000002850 could target the 50% retracement level at $0.000003206, followed by the 200-day EMA at $0.000003893.
PEPE/USD daily price chart.Looking down, the $0.000002659 support level guards the downside to the previous swing low of $0.000002249.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
SUI, the native token of the Sui blockchain, is displaying signs of bullish momentum as key technical indicators and network data point toward a potential price breakout. The recent surge in ecosystem activity and increasing user adoption have further bolstered investor sentiment surrounding the project.
Technical signals point to potential breakoutAt the time of reporting, SUI traded at $0.7472, registering a 1.1% increase over the past 24 hours. Trading volume reached $148.44 million, with a market capitalization standing at $3.02 billion.
Prominent crypto analyst Michael van de Poppe highlighted that SUI is showing encouraging technical patterns, despite the broader digital asset market experiencing unusually low volatility. According to van de Poppe, such market environments often precede strong, sudden price movements in either direction.
Market analysts have noted that SUI’s extended consolidation period appears to be nearing its conclusion. As the price action becomes increasingly compressed and investor optimism improves, SUI may be approaching an inflection point.
SUI’s technical indicators suggest a breakthrough beyond its daily moving averages may be imminent, a development supporting the bullish outlook and raising optimism among buyers.
A bullish divergence in the technical data is also considered a sign of growing buying pressure, even as the price consolidates. If SUI can overcome key resistance levels with continued buying activity, analysts believe the token could target the $1.07 mark in the next upward move.
Surge in network activity strengthens fundamentalsRecent data from MSB Intel revealed a sharp 92% spike in active addresses on the Sui network over the past week. This substantial increase indicates growing participation by users, increased transactional activity, and deeper engagement with decentralized applications (dApps) within the ecosystem.
The rise in the number of active wallets highlights SUI’s expansion beyond price-driven speculation, suggesting users are increasingly utilizing the blockchain’s capabilities.
Most market observers view this steady on-chain growth as a sign of robust underlying demand for SUI, with the network’s fundamentals providing confidence to existing and new participants.
The combination of rising network usage, expanding whale holdings, and improving technical momentum points to a strengthening bullish outlook for SUI.
If SUI manages to surpass critical resistance levels on strong trading volume, momentum could further accelerate and potentially attract more market participants.
Mini dictionary: Sui is a Layer 1 blockchain platform designed for high-throughput decentralized applications, utilizing the Move programming language to offer fast transaction finality and low fees, with a focus on scalability and user experience.
MetricCurrent ValueChange (24h/7d)SUI Price$0.7472+1.1% (24h)Market Cap$3.02 billionN/AActive AddressesN/A+92% (7d)Trading Volume$148.44 millionN/AOutlook supported by wider market trendsSUI’s positive momentum is taking place as leading cryptocurrencies, including Bitcoin, begin to regain upward traction. This broader movement has positively influenced sentiment and performance across altcoins, further benefitting SUI’s price action and volume.
If SUI maintains its momentum and breaks key resistance, it could confirm a bullish breakout and draw increased buyer interest, supported by the network’s expanding active user base and large holder activity.
Analysts caution that, as with all digital asset investments, markets remain volatile and predictions are not guarantees.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Allbridge, the company behind cross-chain stablecoin bridge Allbridge Core, said it has paused the protocol as a precaution after a “security incident” that reportedly saw $1.65 million drained on Sunday.
The incident affected Allbridge Core’s Solana deployment, with the attacker having already bridged the stolen funds from Solana to Ethereum before moving them into privacy pools.
“Allbridge Core is experiencing a security incident,” it said in a post on X on Sunday. “We have paused the protocol as a precaution while we investigate. If you have liquidity in affected pools, please withdraw now.”
The Allbridge Core exploit is at least the sixth attack targeting a cross-chain bridge since May. Bridges are attractive targets for attackers because they often hold large pools of funds that back bridged assets on the destination blockchain.
Source: Lookonchain
Onchain Lens reported the attacker made a $1.12 million USDC (USDC) flash loan from Kamino, before rapid USDC/USDT swaps that distorted the Allbridge Core stablecoin pool’s exchange rate.
The attacker then withdrew liquidity at manipulated rates, repaying the $1.12 million USDC loan and keeping the difference.
“The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage of it, please consider returning funds… this will go directly toward compensating affected LPs,” it added.
This wasn’t the first time Allbridge Core was hit by a flash loan attack.
In April 2023, Allbridge was exploited for $573,000 through a flash loan attack on Allbridge’s pool on the BNB Chain. The attacker acted as both liquidity provider and swapper, and exploited a flaw in a smart contract that allowed them to manipulate swap prices, which led to $289,900 drained in Binance USD (BUSD) and $290,900 in USDt (USDT).
Warning posted to the Allbridge Core website. Source: Allbridge Core
Cross-chain bridges targeted since May In June, Taiko, an Ethereum layer-2 blockchain, urged its users to withdraw assets from the network’s bridges after attackers exploited one of its bridge protocols and stole $1.7 million.
Taiko reopened its bridge 11 days later after completing a four-step recovery plan.
Weeks before the Taiko incident, Secret Network was exploited through an “infinite mint” bug on a vulnerable smart contract, which created unbacked versions of Axelar-wrapped assets, resulting in a $4.67 million exploit.
Other recent bridge exploits included the Gravity Bridge, Verus Bridge and the Butter Network.
Magazine: The British Virgin Islands are a top crypto hub no one ever talks about: Here’s why
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Allbridge, the company behind cross-chain stablecoin bridge Allbridge Core, said it has paused the protocol as a precaution after a “security incident” that reportedly saw $1.65 million drained on Sunday.
The incident affected Allbridge Core’s Solana deployment, with the attacker having already bridged the stolen funds from Solana to Ethereum before moving them into privacy pools.
“Allbridge Core is experiencing a security incident,” it said in a post on X on Sunday. “We have paused the protocol as a precaution while we investigate. If you have liquidity in affected pools, please withdraw now.”
The Allbridge Core exploit is at least the sixth attack targeting a cross-chain bridge since May. Bridges are attractive targets for attackers because they often hold large pools of funds that back bridged assets on the destination blockchain.
Source: Lookonchain
Onchain Lens reported the attacker made a $1.12 million USDC (USDC) flash loan from Kamino, before rapid USDC/USDT swaps that distorted the Allbridge Core stablecoin pool’s exchange rate.
The attacker then withdrew liquidity at manipulated rates, repaying the $1.12 million USDC loan and keeping the difference.
“The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage of it, please consider returning funds… this will go directly toward compensating affected LPs,” it added.
This wasn’t the first time Allbridge Core was hit by a flash loan attack.
In April 2023, Allbridge was exploited for $573,000 through a flash loan attack on Allbridge’s pool on the BNB Chain. The attacker acted as both liquidity provider and swapper, and exploited a flaw in a smart contract that allowed them to manipulate swap prices, which led to $289,900 drained in Binance USD (BUSD) and $290,900 in USDt (USDT).
Warning posted to the Allbridge Core website. Source: Allbridge Core
Cross-chain bridges targeted since May In June, Taiko, an Ethereum layer-2 blockchain, urged its users to withdraw assets from the network’s bridges after attackers exploited one of its bridge protocols and stole $1.7 million.
Taiko reopened its bridge 11 days later after completing a four-step recovery plan.
Weeks before the Taiko incident, Secret Network was exploited through an “infinite mint” bug on a vulnerable smart contract, which created unbacked versions of Axelar-wrapped assets, resulting in a $4.67 million exploit.
Other recent bridge exploits included the Gravity Bridge, Verus Bridge and the Butter Network.
Magazine: The British Virgin Islands are a top crypto hub no one ever talks about: Here’s why
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Cross-chain bridge Allbridge Core has been exploited for roughly $1.65 million, as flagged by multiple blockchain security firms, and the team has paused the protocol for investigation.
According to blockchain analysis provider Onchain Lens, the exploiter used a $1.12 million flash loan from Solana-based liquidity protocol Kamino to manipulate the stablecoin liquidity pool ratios by rapidly swapping USDC for USDT. The attacker then withdrew funds at favorable rates and routed the stolen assets through privacy protocols to obscure their trail.
Both PeckShield and CertiK reported Sunday that the attacker has bridged the stolen funds from Solana to Ethereum.
In a post on X, Allbridge said that it has paused the protocol and urged users to withdraw liquidity from affected pools. The team also noted that the resulting pool imbalance created a temporary positive arbitrage window.
"The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage of it, please consider returning funds to the address below — this will go directly toward compensating affected LPs," the team said, adding that its goal is to "return all affected funds" to users.
The Block has reached out to Allbridge for further comment.
This is a developing story.
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Cross-chain bridge protocol Allbridge Core has paused operations after suffering a security exploit that drained roughly $1.65 million from its Solana-based infrastructure.
Allbridge said it paused the protocol as a precaution and urged liquidity providers in affected pools to withdraw their funds while the investigation continues. Blockchain security firm PeckShield estimated the total loss at around $1.65 million, while on-chain analysts reported that the attacker moved the stolen funds from Solana to Ethereum.
On-chain analyst Hupzy described the rapid cross-chain movement as a common money-laundering tactic that can make stolen funds harder to recover. However, Hupzy said the direct impact on Solana’s price is likely to remain limited because the loss is relatively small compared with the network’s overall market value.
Cross-chain bridge protocol Allbridge Core was exploited for approximately $𝟭.𝟲𝟱𝗠, with the attacker already bridging stolen funds from Solana to Ethereum — a classic laundering pattern that complicates recovery.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Bridge exploits remain a persistent DeFi… pic.twitter.com/VLvk5lMhM0
— Hupzy (Spot On Chain) (@hupzy_agent) July 20, 2026 Analyst Explains the Flash Loan AttackAccording to another analyst, the incident did not involve a leaked private key or a conventional bridge exploit. Instead, the attacker reportedly used a $1.12 million flash loan from Kamino.
🚨 Allbridge Core on Solana just got drained in a single transaction
No leaked key
No bridge exploit
The attacker didn't spend a dollar of their own money to do it
Here's what actually happened:
Step one: flash-borrow ~$1.12M USDC from @KaminoFinance
No collateral, no risk,…
— DBCrypto (@DBCrypt0) July 20, 2026 The attacker borrowed the USDC without collateral and then repeatedly traded USDC and USDT inside Allbridge Core’s stablecoin pool. This activity distorted the pool’s internal exchange-rate calculations and created an artificial imbalance.
The attacker then withdrew liquidity at the manipulated rate. After repaying the $1.12 million flash loan within the same transaction, the attacker kept the remaining difference as profit. The analyst said the entire attack followed a simple sequence: borrow, manipulate, withdraw, repay and keep the difference.
A single withdrawal was reportedly worth around $2.24 million.
He further described the incident as a classic flash-loan price-manipulation attack, a vulnerability pattern that has affected DeFi protocols since 2020. The analyst argued that the pool effectively trusted its own manipulable balances to determine pricing, allowing borrowed capital to distort the exchange rate.
Reports also suggested that the stolen funds were being routed through privacy-focused infrastructure, potentially making recovery more difficult.
Bigger Concern Is Bridge ConfidenceOverall, the exploit is unlikely to create major direct pressure on Solana’s price. Solana (SOL) traded at $76.66, gaining 1.06% over the past 24 hours, with daily trading volume reaching $1.43 billion.
However, the incident could damage confidence in liquidity connected to cross-chain bridges.
Now it will be interesting to see whether the attack triggers withdrawals from Solana-based bridges and causes a broader decline in bridge-related total value locked (TVL).
Story Ends Here
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Allbridge Core has paused its cross-chain stablecoin protocol after a security incident on Solana that PeckShield estimated at about $1.65 million.
Summary
Allbridge paused Core after a Solana exploit drained about $1.65 million, according to PeckShield estimates. The attacker used a $1.12 million USDC flash loan to quickly distort stablecoin pool rates. Allbridge urged liquidity providers to withdraw while investigators traced funds moved from Solana to Ethereum. The protocol told users with funds in affected liquidity pools to withdraw while its team investigates. PeckShield also said the attacker moved the stolen assets from Solana to Ethereum.
The incident appears to involve manipulation of Allbridge Core’s USDC/USDT liquidity pool. Onchain Lens said the attacker used a $1.12 million USDC flash loan from Kamino, changed the pool balance through rapid swaps and withdrew liquidity at distorted rates. The exact loss figure remains under review, with Onchain Lens describing more than $1.1 million extracted and PeckShield estimating the broader exploit at about $1.65 million.
Allbridge pauses Core and warns liquidity providers “Allbridge Core is experiencing a security incident,” the team said in its public notice. It added that the protocol had been paused as a precaution while the investigation continued. The project also issued a direct warning: “If you have liquidity in affected pools, please withdraw now.”
Allbridge Core is experiencing a security incident.
We have paused the protocol as a precaution while we investigate.
If you have liquidity in affected pools, please withdraw now.
The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage… pic.twitter.com/Ovg7yT35SM
— Allbridge (@Allbridge_io) July 19, 2026 Allbridge said the attack left some pools temporarily out of balance. That imbalance created an arbitrage window that allowed some traders to profit from unusual pricing. The team asked anyone who benefited to consider returning funds to a recovery address. It said returned assets would go toward compensating affected liquidity providers. At the time of writing, the notice did not give a reopening date or publish a technical report.
In addition, according to Onchain Lens, the attacker borrowed $1.12 million in USDC through a flash loan from Kamino. The attacker then carried out rapid USDC and USDT swaps that changed the ratio inside the Allbridge stablecoin pool. After the pool price moved, the attacker withdrew liquidity using the distorted rate and repaid the flash loan within the same transaction.
Flash loans allow users to borrow and repay funds in one blockchain transaction without posting normal collateral. In this case, the loan itself was not described as the vulnerability. Instead, the borrowed liquidity allegedly gave the attacker enough capital to move the pool ratio and extract value before the transaction ended. PeckShield later said the stolen funds were bridged from Solana to Ethereum.
Allbridge faces another bridge security incident The latest Allbridge Core exploit follows an earlier attack against the project. As crypto.news previously reported, Allbridge suffered a separate exploit in April 2023 after an attacker manipulated the swap price of a BNB Chain pool. The loss was estimated at about $573,000, and the project later recovered roughly $465,000 after offering the attacker a white-hat reward.
The new incident also comes during another active period for cross-chain security breaches. In May,the Verus-Ethereum bridge lost more than $11.5 million in an attack linked by researchers to missing validation checks. A separate crypto.news report said Transit Finance lost about $1.88 million in another cross-chain protocol exploit. Allbridge has not said whether the Solana incident shares technical similarities with those attacks.
Bitcoin traded sideways while several altcoins saw strong price swings. A handful of tokens posted solid weekly gains, while others extended their losses after failing to hold key support levels.
Overall, the week was driven by technical rallies, profit-taking, and continued rotation into select altcoins.
Lido DAO [LDO] nears a key resistance zone Lido DAO [LDO] led this week’s movers with a 16% rally. Notably, this comes after two straight weeks of upside, pushing LDO’s total gains to 25%. In just 21 days, the token has delivered a solid 40%+ recovery.
Why does this matter? Despite the recent move higher, LDO’s RSI is still far from the extreme overbought zone. This shows the rally has not yet entered a crowded phase, leaving room for further upside if momentum continues.
Technically, this suggests LDO’s move is more than just a random pump. The rally follows a sharp June sell-off, where LDO dropped toward $0.20 and broke below its Q1 lows. The current recovery shows buyers are stepping back in and attempting to reverse the previous downtrend.
Source: TradingView (LDO/USDT) If this momentum continues, a breakout toward the $0.40 resistance zone could be on the table.
For context, LDO faced heavy selling pressure around this level during Q1, making it a critical area for bulls to reclaim. A successful breakout could strengthen the recovery narrative, while another rejection may trigger a period of consolidation as traders reassess the next move.
Is Pump.fun [PUMP] still far from reaching full FOMO? Pump.fun [PUMP] emerged as the second-biggest weekly winner with a 13% rally. While the RSI remains neutral and PUMP has seen strong trading volume in recent sessions, calling this a full-fledged breakout setup may still be too early.
For over two months, PUMP has been trading below the key $0.002 resistance zone, making this the most important level for bulls to reclaim. However, every weekly push higher has so far been followed by a sharp cooldown phase, showing that accumulation is still not strong enough to support a larger breakout.
In short, though, PUMP is showing early signs of recovery, the structure still needs confirmation. Until buyers can consistently defend higher levels and break through the $0.002 resistance, the token remains in a consolidation phase rather than a confirmed breakout trend.
Venice Token [VVV] sees a much-needed weekly relief rally Venice Token [VVV] took the third spot this week with a 12.3% rally. For VVV, this could be one of its most significant weeks since mid-Q2. From a technical standpoint, VVV has been stuck in a consistent downtrend over the past eight weeks, with every weekly close ending in the red.
However, this week’s gains have clearly pushed VVV back into the spotlight. More importantly, the recovery came right after VVV broke below the key $10 support level, suggesting buyers stepped in at a critical zone. In this context, the rally looks more strategic, with bulls attempting to defend lower levels and build a recovery base.
If this trend holds, VVV could have started its recovery phase. The next key challenge sits around $15, which will determine whether this rebound can turn into a stronger reversal or remain just a short-term relief rally.
Other notable winners Outside the majors, altcoin movers also stole the spotlight this week.
IOTA [SN9] led the market with a staggering 5,267% gain, followed by Akedo [AKE], which surged 874%, while TENDIES [TENDIES] climbed 615%, rounding out the week’s top performers.
Weekly losers Lighter [LIT] enters a textbook cooldown phase Lighter [LIT] led this week’s losses with a 16% decline. While LIT has seen similar pullbacks after strong weekly rallies since its mid-May breakout, this correction could be slightly different.
Notably, LIT’s drop comes after three straight weeks of upside, where the token rallied over 60% and reached a new all-time high of $2.70. More importantly, the breakout followed a successful retest of the $2 resistance zone, showing bulls were stepping in at key levels, a trend that has supported LIT’s Q2 rally.
However, this time, the RSI had climbed above 70, signaling an overheated move. The pullback toward 52 shows momentum has cooled, but it also suggests the market is resetting rather than losing strength.
Source: TradingView (LIT/USDT) Technically, however, this marks LIT’s strongest RSI pullback since its Q2 rally. In essence, this cooldown could become an important setup for LIT’s next move. If buyers step back in and the RSI starts recovering, this reset could fuel another upside attempt.
Otherwise, this could be the first real sign that LIT has formed a local top.
Pi Network [PI] broke below a key support zone Pi Network [PI] emerged as the second-biggest loser this week with a 2.7% decline. While the drop looks modest compared to Lighter’s double-digit losses, PI’s chart looks much weaker, pointing to a stronger bearish bias.
Notably, this marks PI’s fourth straight week of losses. More importantly, the token broke below the key $0.10 support level, putting any near-term bounce under renewed selling pressure and printing a fresh all-time low.
Technically, PI remains firmly in a bearish structure. While the RSI has dropped into oversold territory, that alone doesn’t guarantee a recovery. Unless buyers reclaim the $0.10 level, any bounce could simply be a short-term relief rally rather than the start of a trend reversal, keeping PI as one of the weaker charts in the market right now.
Are Arbitrum [ARB] bulls losing their upper hand? Arbitrum [ARB] took the third spot among this week’s biggest losers. Unlike PI, however, ARB’s chart hasn’t fully shifted into a bearish structure. The pullback comes after two straight weeks of gains, during which the token rallied more than 25%.
However, this week’s decline followed ARB’s failure to break above the key $0.10 resistance zone, a level that has capped price since the early May cycle. The rejection shows bulls are still struggling to reclaim this area, allowing sellers to regain short-term control.
Technically, ARB is at an important inflection point. If bulls can reclaim the $0.10 resistance zone, the recent pullback could turn into a healthy retest. Otherwise, continued rejection at this level may keep ARB stuck in a broader consolidation phase and hand bears the upper hand in the near term.
Other notable losers In the broader market, downside volatility hit hard.
Cash Cat [CASHCAT] led the losers with a 72% decline, followed by LAB [LAB], which fell 66.5%, while ETHGas [GWEI] dropped 53.3% as bearish momentum intensified.
Conclusion This week was a rollercoaster for crypto. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
Final Summary Lido DAO [LDO], Pump.fun [PUMP], and Venice token [VVV] led the week in gains. Lighter [LIT], Pi network[PI], and Arbitrum [ARB] saw significant declines.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Leading cryptocurrencies moved sideways on Sunday as U.S. strikes on Iran continued into their “ninth consecutive night.”
Crypto Market CoagulatesBitcoin hovered between $64,000 and the low $65,000 range, even as trading volume surged 12% over the past 24 hours. Ethereum was stuck in the $1,800 zone, while XRP and Dogecoin also moved sideways
Nearly $120 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish short traders bearing the brunt of the losses, according to Coinglass data
Bitcoin’s open interest fell 0.42% over the last 24 hours. That said, retail and whale derivatives traders on Binance remained long on the apex cryptocurrency.
"Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.22 trillion, up 0.44% over the last 24 hours.
Iran Tensions Pressures Stock FuturesStock futures were mixed in overnight trading on Sunday. The Dow Jones Industrial Average Futures were down 16 points, or 0.03%, as of 8:51 p.m. EDT. Futures tied to the S&P 500 gained 0.08%, while Nasdaq 100 Futures climbed 0.32%.
Geopolitical tensions kept investors on edge as the U.S. military said it had struck Iran for the “ninth consecutive night” in an effort to degrade Iranian military capabilities further.
Iranian strikes on Friday killed two U.S. service members in Jordan and left another missing. The total U.S. death toll in the war now stands at 16
Why $69,000 Is Key For BitcoinAli Martinez, a widely followed cryptocurrency analyst and trader, noted Bitcoin trading below the previous cycle’s all-time highs. Historically, reclaiming this level has marked the transition from a “bear market back into a sustained bull trend,” they added
“If BTC can successfully reclaim $69,000 and hold it as support, it would be another strong piece of evidence suggesting that the next major uptrend could already be underway,” the analyst said.
Michaël van de Poppe, another popular cryptocurrency commentator, anticipated a “big week” for cryptocurrency ahead, forecasting Solana (CRYPTO: SOL) and ETH as “clear plays” over Bitcoin.
“I assume that these will outperform when Bitcoin breaks that $65,000 area,” Van De Poppe projected.
Photo courtesy: Wirestock Creators on Shutterstock
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Trump Confirms Attendance at World Cup Final at 3:00 a.m. on the 20th; U.S. Activates Highest-Level Security
The US-Canada-Mexico World Cup final will be held at 3:00 a.m. on July 20 at MetLife Stadium in New Jersey. U.S. President Trump has confirmed he will attend the match in person, and the U.S. has activated a "Level One" special security operation. F-16 fighter jets, military snipers, and thousands of FBI agents will be deployed on site, and temporary flight restrictions and no-fly zones will be enforced over the New York and New Jersey areas. Road closures and traffic control will be in effect around the stadium on match day. Fans are advised to arrive four hours before kickoff, and media must complete entry and security screening by 12:30 p.m. ET on July 19.
South Korea Releases Won Internationalization Roadmap: Plans to Issue Won-Denominated Stablecoin and Launch Government Bond Tokenization Pilot Next Year
The South Korean government today released its "Korean Won Internationalization Roadmap," aiming to transform the won from a regulated currency into a freely convertible currency and build an offshore won settlement network. The Bank of Korea will launch the "Offshore Won Settlement Network" (tentative name), which is expected to begin trial operations in September this year and officially launch in January next year. At the same time, it will build digital asset payment infrastructure to lay the foundation for the issuance, distribution, and trading of won-denominated stablecoins, with plans to launch a pilot project next year to promote the tokenization of government bonds linked to the Bank of Korea's central bank digital currency (CBDC). Additionally, South Korea will formally join "Agora," a cross-border digital payment project led by the Bank for International Settlements (BIS) involving eight central banks.
Data: ZRO, KAITO, H and Other Tokens to See Large Unlocks Next Week, with ZRO Unlock Value Exceeding $20 Million
Token Unlocks data shows that ZRO, KAITO, H and other tokens will undergo large unlocks next week, including: LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7:00 p.m. Beijing time on July 20, representing about 4.6% of circulating supply and worth roughly $20.9 million; KAITO (KAITO) will unlock approximately 17.6 million tokens at 8:00 p.m. Beijing time on July 20, representing about 4.3% of circulating supply and worth roughly $16 million; Humanity Protocol (H) will unlock approximately 266 million tokens at 8:00 a.m. Beijing time on July 25, representing about 8.6% of circulating supply and worth roughly $15.5 million; Plasma (XPL) will unlock approximately 88.89 million tokens at 8:00 p.m. Beijing time on July 25, representing about 3.44% of circulating supply and worth roughly $7.3 million; SoSoValue (SOSO) will unlock approximately 23.46 million tokens at 5:00 p.m. Beijing time on July 24, representing about 6.78% of circulating supply and worth roughly $6.9 million; aPriori (APR) will unlock approximately 31.88 million tokens at 8:00 a.m. Beijing time on July 23, representing about 11.28% of circulating supply and worth roughly $6.8 million; SOON (SOON) will unlock approximately 20.24 million tokens at 4:30 p.m. Beijing time on July 23, representing about 3.91% of circulating supply and worth roughly $3.3 million; MBG By Multibank Group (MBG) will unlock approximately 27.15 million tokens at 8:00 p.m. Beijing time on July 22, representing about 6.96% of circulating supply and worth roughly $3.3 million; Undeads Games (UDS) will unlock approximately 2.15 million tokens at 8:00 a.m. Beijing time on July 21, representing about 1.11% of circulating supply and worth roughly $2.4 million.
David Sacks Criticizes Using Regulation to Create FUD to Suppress Open-Source AI Competition
David Sacks, co-chair of the U.S. President's Council of Advisors on Science and Technology, retweeted and responded to OpenAI Strategic Future head Dean W. Ball's views on Chinese open-source AI models. He argued that if the government issues regulatory guidance lacking sufficient basis to deliberately create uncertainty (FUD) and force regulated companies to abandon Chinese open-source models, it would undermine the rule of law and set a dangerous precedent for future regulatory abuse. Sacks stated that regulatory decisions should be based on facts, logic, and evidence, not on intentionally amplifying fear and uncertainty. He also noted that AI policy has entered a critical phase, with leading closed-source model companies attempting to leverage government power to undermine open-source competition, and called on Silicon Valley to support open competition.
Kimi: Pauses New Subscriptions to Protect Existing User Experience
Kimi K3 has seen a surge in demand over the past 48 hours, with GPU compute capacity approaching its current ceiling. To protect the experience of existing subscribers, Kimi has temporarily stopped accepting new subscriptions and is prioritizing compute allocation for current members, with services for existing subscribers unaffected. The company said it is accelerating capacity expansion and will open new subscription slots in batches. Meanwhile, the membership system will be split into two categories: "Kimi Membership" for Web, App, and Work scenarios, and "Kimi Code Membership" for code workflow scenarios, to more precisely match compute resources.
BANK Foundation Suspected of Transferring 84 Million BANK Tokens to Aster
On-chain data shows that 84 million BANK tokens were transferred from the BANK Foundation Wallet (0xEde6…3B11a) to a new address (0x5721…22Bd8), which subsequently moved the relevant tokens into an Aster deposit address (0x1284…87974). Market data shows: The BANK token price has surged significantly in the past few days, with gains exceeding 3x, currently quoted at around $0.16. The market is highly volatile, and investors should manage risks carefully.
Abraxas Capital Deposits 3 Million USDC to Hyperliquid, Increases BTC and ETH Short Positions
Abraxas Capital deposited 3 million USDC into Hyperliquid, further adding to its short positions of 796.4 million BTC (worth approximately $51.5 million) and 31,640 ETH (worth approximately $59.2 million). Since its last disclosure two days ago, both its BTC and ETH short positions have increased markedly.
Analyst: Bitcoin Could Drop to $50,000 in August, with a True Bottom Not Until October
Analyst Noname tweeted that Bitcoin will not hit a bottom this quarter. Sideways consolidation represents indecision, and at these price levels, indecision often breaks to the downside before it breaks to the upside. At least one more quarter is needed before the market becomes clear. His predictions for the 2026 trend are as follows: July: False stability. Bear market trap rally. Market shakes out weak hands. August: The real crash begins. First test of the $50,000 area. September: Sustained pressure. W-shaped bottom structure begins to form. October: The true bottom. Accumulation zone. Personally will adopt aggressive strategies in this phase. November: Signs of recovery emerge; bottoming rebound begins. December: First breakout above the $100,000 mark since the bear market started.
A Whale Increases BTC Long Position to $108 Million, Currently Sitting on $1.38 Million in Unrealized Profits with 40x Leverage
A whale further added to their position 50 minutes ago, raising their BTC long position to a value of $108 million (1,662.5 BTC). The whale's average long entry price is $63,958, with current unrealized profits of $1.38 million. Due to the high leverage ratio (40x), the liquidation price is at $63,142.
Bitvavo Withdraws 3.89 Million LINK Worth Approximately $32.59 Million from Coinbase Prime
Bitvavo withdrew 3.89 million LINK (approximately $32.59 million) from Coinbase Prime and transferred the funds to a new wallet.
Cross-chain bridge Allbridge Core attacked, losses may exceed $1.1 million
The cross-chain bridge protocol Allbridge Core suffered a security incident. The team has paused the protocol for investigation and advised users holding affected LP tokens to withdraw funds immediately. The incident caused an imbalance in liquidity pools, creating temporary arbitrage opportunities. The team urges arbitrageurs to return the funds to compensate affected liquidity providers (LPs). According to Onchain Lens monitoring, Allbridge Core has lost over $1.1 million.
Mystery whale creates new wallet, bets $1.95 million on Spain winning 2026 World Cup, makes $1.35 million in hours
A mystery whale created a new wallet 10 hours ago and bet $1.95 million at 59.1% odds on Spain to win the 2026 World Cup. After Spain won, the whale made $1.35 million in just a few hours.
Crypto KOL Ansem Buys PUMP
Crypto KOL Ansem tweeted that he bought PUMP at around $0.001675. He believes Pump.fun maintains monthly revenue of $30-40 million even in a bear market, and if Solana once again dominates retail activity this cycle, Pump.fun could be a major beneficiary. If the team conducts a large airdrop (e.g., over 300 million), it could boost trading volume, attention, and platform activity similar to Jito and Jupiter in late 2023. Additionally, Pump.fun competes with Hyperliquid and Polymarket as the most profitable crypto protocols, and the team holds a large amount of tokens that have just begun to unlock. The core business revolves around retail speculation, giving them an incentive to push token performance. During the unlocking sell-off, the token value could be wiped out at the low of $0.0014.
Vitalik: Developed a Demo of a Moderated Anonymous Message Board on Aztec
Vitalik posted on Farcaster that he developed an experimental demo of a 'moderated anonymous message board' on Aztec using Vibe Coding. Users can deposit ETH on L1, post messages anonymously on L2, then withdraw ETH back to L1. All posts are completely anonymous; the public call data does not reveal the sender's address, nor is it linked to the L1 deposit account. Vitalik said the project is still in early stages and can achieve some 'interesting and unusual' features.
PeckShield: Allbridge Core loses about $1.65 million, attacker moves funds from Solana to Ethereum
The cross-chain bridge protocol Allbridge Core was hacked, with a loss of approximately $1.65 million. The attacker has moved the stolen funds from Solana to Ethereum.
Analyst: Binance and Bybit see over $2.3 billion in stablecoin outflows in 30 days, Bitcoin liquidity dries up, market sentiment pessimistic
CryptoQuant analyst Darkfost wrote that Binance and Bybit have seen a combined stablecoin outflow of over $2.3 billion in the past 30 days, and Bitcoin liquidity is drying up. Bitcoin has been testing the key $60,000 level for nearly 165 consecutive days. Although it briefly broke above $80,000 in May, it failed to hold or reignite Bitcoin's upward momentum. One reason for this situation is the lack of new liquidity flowing into the market. Whether for direct Bitcoin investment or the broader crypto market, new demand is hard to materialize. Looking at changes in exchange stablecoin reserves, things have been particularly bad since the beginning of the year, with an almost continuous decline, reflecting that outflows significantly exceed inflows. In the past 30 days alone, Binance's stablecoin reserves have drained by $1.55 billion, and Bybit's by $786 million. The decline in reserves sends a clear signal: demand and liquidity are shrinking, and investors seem inclined to withdraw stablecoins from exchanges or even exit the market entirely. Therefore, it is precisely this persistently overly pessimistic market sentiment that continues to deprive Bitcoin of the resources needed to break out of the current consolidation range.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Aurora, the Ethereum-compatible blockchain layer built on NEAR Protocol, went dark at 02:16 UTC on July 20, 2026. Hours later, the network remains completely unavailable, with no official statement from Aurora Labs explaining what happened or when service might resume.
For a network that once locked up $2.5 billion in total value, this would have been a five-alarm fire. Today, with Aurora’s TVL sitting at roughly $4.65 million, the outage reads more like a quiet alarm going off in an increasingly empty building.
What we know so far On-chain monitoring flagged the outage shortly after it began in the early morning hours UTC. Aurora’s mainnet, which allows developers to deploy Ethereum-compatible smart contracts and decentralized applications at lower costs than Ethereum mainnet, has been completely inaccessible since.
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The @auroraisnear account has not issued any public explanation. No root cause has been identified publicly, and there’s no estimated timeline for restoration.
The long decline of Aurora’s TVL When Aurora launched in 2021, it had genuine momentum. The project raised $12 million from a roster of over 100 investors that included Pantera Capital and Electric Capital. It was positioned as the bridge between Ethereum’s massive developer ecosystem and NEAR Protocol’s scalable architecture.
By 2022, things were looking solid. Aurora’s TVL peaked at approximately $2.5 billion, and the broader NEAR ecosystem initiated a $90 million developer fund, allocating 25 million AURORA tokens to boost DeFi activity on the platform.
From $2.5 billion to roughly $4.65 million represents a drop of about 99%. The month preceding the outage was unremarkable. Aurora had been quietly pushing routine updates related to its Virtual Chains and Intents features, but nothing that suggested a major technical crisis was brewing.
What this means for investors and developers For anyone still holding positions on Aurora or building applications on the network, this outage demands a serious reassessment. Extended downtime without communication from the team is one of the clearest warning signals in crypto infrastructure.
A 99% decline in TVL tells you that capital has already voted with its feet. An unexplained, multi-hour mainnet outage tells you that operational resilience may also be deteriorating.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The FIFA World Cup has come to a close, with FIFA generating over $9 billion in revenue.
According to CNBC, the largest and most talked-about World Cup in history has come to a close. Spain defeated Argentina 1-0 in extra time to lift the FIFA World Cup trophy, the highest honor in international football. Off the pitch, FIFA is undoubtedly the biggest winner of this tournament. As the global governing body of football, FIFA hosted the most lucrative sports event in history. According to its own projections, the 2026 World Cup will generate over $9 billion in revenue. This World Cup is also the first in history to expand to 48 participating teams, a significant increase from 32 teams four years prior; the number of matches has risen from 64 to 104, and the tournament schedule has been extended from 4 weeks to 6 weeks. More matches mean more content to sell to broadcasters, more tickets to sell to fans, and more commercial partnership opportunities for advertisers, while also attracting a larger global audience. FIFA President Gianni Infantino has been a core figure driving the commercialization of the World Cup. As the tournament’s scale expands further, FIFA is maximizing the World Cup’s commercial value in an unprecedented manner.
20 minutes ago
【Whale Tracking】 $107 million BTC long position reduced by 40%, remaining position placed with a break-even sell order.
According to Hyperinsight monitoring, the largest BTC long position holder, who previously held $107 million worth of BTC long positions, has started taking profits via position reduction and placed a break-even stop-loss order for remaining positions near their entry cost. Over the past hour, the entity sold a total of 903.4 BTC through 10 limit sell orders, generating approximately $58.424 million in trading volume at an average execution price of ~$64,666.1, realizing a profit of $554,400. Minor additional positions added during the period resulted in a net position reduction of 668.2 BTC. As of press time, the whale still holds 994.2 BTC in long positions, valued at ~$64.195 million, with an average entry price of $64,052 and an unrealized profit of $510,000. Its liquidation price has fallen to $61,604.3. The whale has set stop-loss orders for all remaining long positions: a break-even liquidation will trigger if BTC drops below $64,050—meaning it will lock in the $554,400 realized profit and exit if the price falls back to entry cost; if the price continues to rise, it will hold for further gains, making this setup overall defensive. Previous update: [Whale Alert] A whale opened BTC long positions worth $107 million, becoming the largest BTC long holder.
20 minutes ago
China Software International rises more than 30%
According to Bitget's market data, China Software International rose more than 30%. As reported today, the company announced it has signed a token revenue sharing and joint innovation cooperation agreement with Moonshot.
20 minutes ago
Circle's CEO has sold CRCL shares 10 times since the company's IPO, cashing out over $30 million.
According to Form 4 filings, Circle President Heath Tarbert has sold CRCL shares 10 times in total since June 2025, netting roughly $30.77 million in proceeds with no additional stock purchases made. Earlier reports noted that Tarbert recently told Fox Business Network, "the company’s stock price will take care of itself," while emphasizing "Circle is in it for the long haul."
20 minutes ago
South Korea's KOSPI Index plummeted 5% intraday.
According to Bitget market data, South Korea's KOSPI index plunged 5% intraday, currently trading at 6479.20 points.
20 minutes ago
Prediction markets now account for 27% of total World Cup sports betting transactions, marking the first time traditional betting giants have seen their market share significantly eroded.
According to Bloomberg, during this unprecedentedly popular World Cup, trading volume on prediction markets surged sharply, growing far faster than traditional sports betting platforms, further highlighting the competitive threat that prediction market platforms like Kalshi pose to the sports betting industry. As a leading player in the space, Kalshi broke its own trading records multiple times during the World Cup. Its peak trading volume not only doubled the mark set in the week before the World Cup and during the New York Knicks’ playoffs, but also reached nearly 10 times its average trading level for most of early this year. Research firm H2 Gambling Capital estimated, based on public data from the first month of the World Cup, that prediction market trading volume now accounts for roughly 27% of total U.S. legal sports betting volume, up sharply from 9% at the start of the year. While this comparison is not entirely precise—due to differing trading metrics used by prediction markets and traditional bookmakers, and as bookmakers have not yet released their latest internal data—it still reflects that prediction markets are rapidly eroding market share from traditional sports betting. Another clear sign of the shifting competitive landscape is that, per Apptopia data, Kalshi’s mobile app daily active users (DAU) surpassed those of the two largest U.S. online sports betting platforms, DraftKings and FanDuel, during the World Cup, demonstrating that prediction market platforms are rising rapidly and posing direct competition to traditional sports betting giants in user scale.
Multicoin Capital has provided $1.75 million in seed funding as the sole institutional backer for Trasia Labs, the developer of a specialized perpetual futures trading platform built natively on Hyperliquid. This transaction represents Multicoin’s entry into the Hyperliquid ecosystem and supports a project explicitly designed to serve traders across Asian markets.
Co-founded by Mable Jiang—previously a general partner at Multicoin Capital and chief revenue officer at the team behind Stepn—and Edison Chen, a longtime web3 builder, Trasia officially launched its initial web interface on July 17, 2026.
The platform offers bilingual support in Chinese and English and has a native mobile application scheduled for release in August.
An invite-only Asia Points rewards program is now active to engage early users.
Trasia operates as a non-custodial venue that initially provides acess to Hyperliquid’s native perpetual markets.
It intends to introduce proprietary contracts later in the year, with an early emphasis on assets linked to high-interest sectors such as AI infrastructure and companies approaching public listings or generating strong regional investor attention.
The team maintains flexibility in contract selection to respond quickly to market shifts.
The founders deliberately limited external equity capital at this stage, preferring to demonstrate product-market fit and user traction before seeking additional rounds.
In parallel, more than $35 million in HYPE and USDC has been committed to support the rollout of Trasia’s HIP-3 Asian equity perpetuals markets and related growth initiatives.
The platform leverages HIP-3 mechanics, which allow developers to build decentralized perpetual exchanges on Hyperliquid by staking a bond, enabling customized offerings while benefiting from the underlying network’s performance and liquidity.
A key differentiator for Trasia is its regional focus and distribution strategy.
Rather than competing solely for existing on-chain derivatives users, the team targets participants who may be new to decentralized trading or unfamiliar with Hyperliquid entirely.
Plans center on mobile-first design, localized channels, and the founders’ established networks in Hong Kong, Taiwan, and Tokyo to lower entry barriers and build a distinct user community.
The current team consists of approximately ten members based primarily in these hubs.
This investment aligns with broader interest in expanding decentralized finance tools to serve high-potential geographies.
Asia represents a significant pool of trading activity and capital, yet many participants still rely on traditional or centralized venues.
By combining Hyperliquid’s high-throughput order book infrastructure with tailored user experiences and asset selections, Trasia aims to capture incremental flows and contribute to deeper on-chain liquidity in regional equities and related instruments.
Multicoin Capital has expressed long-term optimism about both the base Hyperliquid protocol and application-layer projects like Trasia.
The firm views the ecosystem as positioned for substantial growth, with specialized platforms capable of gaining meaningful share through targeted execution and user ownership.
Trasia will focus on product refinement, liquidity provisioning, and user acquisition amid a competitive HIP-3 landscape.
Early indicators, including the points program and upcoming mobile launch, suggest an emphasis on community engagement and accessibility. Success will depend on converting regional interest into sustained trading activity while navigating market volatility and evolving regulatory considerations.
The round highlights continued selective capital deployment in crypto infrastructure, particularly where experienced teams address clear geographic and product gaps.
For participants in the Hyperliquid ecosystem, Trasia’s development offers another avenue for exposure to Asia-centric perpetuals innovation and potential liquidity expansion. As the platform matures, it could serve as a case study in how focused distribution and technical integration drive adoption in decentralized derivatives.
Hyperliquid’s native token HYPE is trading near critical support, as technical signals and rising derivatives volumes focus investor attention on key price levels. Market participants are watching the $58–$59 range as a potential buy zone, with resistance clustered at the $64–$68 area. The next directional move for HYPE may hinge on whether these support and resistance areas hold or break in the days ahead.
Technical setup: Key support and resistance levelsCrypto analyst CryptoPatel has identified the $59 mark on the HYPE three-day chart as a crucial technical region. This area brings together a bullish order block, a fair value gap, and the 0.382 Fibonacci retracement, highlighting it as a potential foundation for a price turnaround if maintained.
Order blocks are zones where previous large-scale buying or selling took place, while a fair value gap refers to a period where price action moved so rapidly that little trading occurred, often providing a magnet for future price fills. The 0.382 Fibonacci retracement is commonly used to assess the depth of pullbacks within an existing trend.
If HYPE maintains this support cluster, it could establish the groundwork for a recovery attempt. However, a break below $58 may expose the token to further downside toward $53–$50.
On the upside, resistance at $64–$68 has emerged as a crucial breakout zone following HYPE’s retracement from its June high. A push above $68 could pave the way toward the $72–$76 range, bringing the previous all-time high near $77 back into view.
LevelRole$58–$59Support, technical buy zone$64–$68Resistance, potential breakout area$72–$76Resistance linked to previous price action$76–$77Major resistance near all-time high$53–$50Deeper support if correction extendsAmid ongoing technical developments, Hyperliquid has seen a significant increase in perpetual futures activity. Trading data shows the protocol handled approximately $266 billion in monthly perpetual futures volume last month. Hyperliquid’s volume reached 16.52% of Binance’s, up from nearly zero in 2023 and demonstrating notable growth since 2025.
This expansion has elevated Hyperliquid’s profile among decentralized crypto derivatives platforms. Built around its own Layer-1 blockchain, Hyperliquid enables non-custodial perpetual futures trading, offering an alternative to centralized exchanges like Binance.
While higher volumes can help boost platform revenue and increase token utility, strong trading activity does not guarantee immediate price appreciation for HYPE. Market structure and technical signals continue to remain central to the token’s short-term outlook.
Mini dictionary: Hyperliquid is a decentralized crypto derivatives exchange operating on its own custom Layer-1 blockchain, focused on providing non-custodial perpetual futures trading with high throughput and direct competition with leading centralized platforms.
Technical indicators: Mixed momentum and signalsRecent data from TradingView points to a neutral technical summary for HYPEUSDT across major timeframes. Moving averages send mixed signals, with shorter-term averages sometimes forming resistance and longer-term ones offering support based on recent multi-month gains.
Analysts are monitoring the 100-day exponential moving average as an additional support layer. Holding above this average could help sustain the bullish structure, while a failure could raise the risk of a drop to lower support zones.
Some trading pairs, especially on KuCoin, show limited or unavailable live technical readings such as RSI and MACD, likely due to liquidity constraints. Traders are advised to assess a range of spot and perpetual futures markets before leaning on any single indicator.
Momentum and next signalsFollowing its correction from the June high, HYPE now trades away from the heavily overbought conditions seen during its rally. Oscillators such as RSI, Stochastic, and Williams %R are likely closer to neutral or oversold territory, but confirmed indicator readings are not universally available.
Traders are watching for signs such as an RSI recovery above 50, a positive MACD histogram, and rising volume as confirmation of returning buying pressure. If these materialize, a stronger case could be made for a new bullish trend. A divergence between price and momentum indicators near $58–$59 support could also be significant.
Outlook: Price at a decision pointThe $58–$59 range remains a pivotal support for HYPE, overlapping with recent price lows and several technical indicators. Successfully holding this zone could set up a challenge of $64–$68 resistance. A confirmed breakout above $68 might open the way toward $72–$76 and ultimately the $77 record high.
Traders continue to watch volume and multi-timeframe momentum around these levels, as the next trend direction for HYPE is likely to hinge on confirmed support or a breakout above resistance.
On the other hand, a drop below $58 would shift the short-term outlook negatively, bringing $53–$50 into focus as potential next support.
While Hyperliquid’s fundamentals appear solid, with fast-growing derivatives market share and a token model tied to protocol revenue, near-term price movement for HYPE remains dependent on confirmation from both price and market participation.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Hyperliquid, a decentralized derivatives trading protocol, is seeing increased trading activity as its native token HYPE maintains a solid support level and network growth signals further potential. Recent data shows buyers are defending key price zones, while rising protocol fees highlight strengthening user engagement on the platform.
Price action and key support levelsHYPE is currently priced at $61.01, with a 24-hour trading volume of $235.1 million and a market capitalization of $15.43 billion. Over the previous 24 hours, the token gained 2.41%, which positions it for a possible bullish reversal. Market observers note the importance of HYPE holding above its main support, as sustained buying interest keeps the positive market structure intact despite recent consolidation.
According to Bitcoin Meraklisi, a well-followed cryptocurrency analyst, the critical $58 support serves as a crucial threshold for further bullish momentum. Holding this level is essential for the asset to pursue higher prices. If the price closes above the $74 resistance on higher timeframes, a bullish cup pattern could form, potentially pushing HYPE toward the $172 target. Failure to hold $58, however, may weaken the overall outlook and open the way for corrections.
Bitcoin Meraklisi emphasizes the significance of the $58 support, indicating that if HYPE remains above this level, there is room for a sustained upward move, while breaching it would likely lead to a loss of momentum.
Hyperliquid fee revenue surgesHyperliquid’s network has seen its daily protocol fee collection surge to $1.9 million, according to data compiled by blockchain research firm NSB Intel. This new milestone places Hyperliquid in sixth place among protocols that generate the highest daily fee revenue, surpassing competitors such as Canton in the process.
This surge in fee accrual is widely viewed as a positive sign for the protocol, pointing to greater user adoption and a notable increase in trading volumes on the platform.
Mini dictionary: Hyperliquid is a decentralized perpetual futures protocol that allows on-chain trading of cryptocurrency derivatives without the involvement of centralized intermediaries. The protocol’s growth is measured in part by fee revenue and user activity metrics.
ProtocolDaily Fee RevenueRankingHyperliquid$1.9 million6thCantonBelow $1.9 millionBelow 6thMarket sentiment and future outlookStronger trading volumes and higher protocol fee revenue have fueled optimism for HYPE’s continued growth. As bullish sentiment returns to the wider crypto market, reflected in upward movement in BTC, Hyperliquid investors are increasingly confident in the platform’s competitive position.
Technical analysts observe that, provided HYPE maintains critical support levels, the asset could test and potentially break above significant resistance barriers. If momentum holds, this move may accelerate gains and reinforce the token’s position within the decentralized finance landscape.
However, should HYPE lose its main support, analysts caution that the asset could see increased selling pressure and a price correction. Sustained network activity and fee generation remain important indicators for investor confidence and future price action.
Continued expansion in both trading activity and protocol revenue reflects the growing role of Hyperliquid in the decentralized finance sector, underscoring its strengthening market position relative to other DeFi platforms.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
ZHIPU posts a short-term plunge of over 17%; major long investors, who are nearly 300% underwater on their principal, continue adding positions to average down.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid plummeted before Hong Kong stock market opening. Within about an hour, it hit a low of $120.7, down roughly 17%; the decline continued during Hong Kong trading hours. On the news front, ZHIPU completed the placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released the 2.8-trillion-parameter open-source model Kimi K3, intensifying market concerns over China’s large language model competitive landscape, leading ZHIPU’s Hong Kong-listed shares to drop 28.49% that day. No new company-specific negative news has been identified as of press time. The sharp price drop has further hit ZHIPU’s largest long position holder: a whale wallet starting with 0xddb. The whale currently holds 7,300 contracts with 10x isolated long leverage, with a position value of approximately $905,000, average entry price of $174.2, and liquidation price of around $78.3. It has an unrealized loss of about $367,000, a return rate of -288.2%, equivalent to 2.88 times its initial position cost of $127,000. The whale first opened a long position near $198.45 on the evening of July 6 and has not sold since; at 10:12 today, it added 409.1 contracts against the trend at $129.6. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain information.
10 minutes ago
China's Ministry of Industry and Information Technology (MIIT) will issue the Guidelines for the Construction of Computing Power Standard System, and promote the establishment of standards including market-based pricing for computing power.
The State Council Information Office held a press conference to brief on the development of industry and information technology in the first half of 2026. Xie Cun, spokesperson of the Ministry of Industry and Information Technology (MIIT) and Director-General of the Department of Information and Communication Development, stated that over the past two years, more than 70 major computing power corridors have been built around national computing power hub nodes, with network performance between these hub nodes improved by 10%. The current explosive growth of large AI models and agent applications has driven a continuous rise in demand for intelligent computing power. Going forward, the MIIT will continue to follow the systematic work approach of "point, chain, network, dimension, and system" to optimize the deployment of computing infrastructure resources, build interconnected computing power nodes, and enhance the utilization efficiency of computing power resources. In terms of focusing on key points, the MIIT will optimize the deployment of computing power resource supply, coordinate factors such as industrial development and energy supply, promote the construction of intelligent computing clusters and the coordinated development of computing power and electricity, build a tiered computing power layout, and strengthen overall monitoring of computing power. Additionally, it will issue guidelines for the construction of a computing power standard system, and promote the establishment of standards including computing power service capability evaluation and market-based pricing for computing power.
10 minutes ago
Moody's: South Korea's economic growth may slow in the second quarter.
Moody's Analytics noted in a report that South Korea's second-quarter economic growth is likely to slow to 0.9% from 1.8% in the first quarter. Driven by an AI-fueled semiconductor boom, exports—especially semiconductor shipments—will again act as the key growth driver. South Korea's domestic demand is projected to stay weak, with consumption seeing only a marginal improvement. High energy costs have amplified inflationary pressures, while government measures can only partially ease the strain. South Korea's preliminary second-quarter GDP figure will be released on Thursday.
10 minutes ago
A South Korean trading platform triggered the KOSPI index circuit breaker, halting program trading for 5 minutes.
South Korean exchange KRX triggered the sidecar mechanism due to KOSPI index volatility, suspending program trading for approximately five minutes. The sidecar mechanism is designed to address sharp short-term fluctuations, restricting only program trading while manual trading remains normal. Unlike the circuit breaker mechanism, the sidecar does not halt entire market operations, functioning more like a "speed bump" during periods of market volatility. By contrast, circuit breakers are typically used in extreme market scenarios, suspending all trading across the market when triggered to prevent panic-driven volatility from escalating further.
10 minutes ago
Citigroup downgraded its rating for the South Korean stock market to "Neutral".
Citigroup has adjusted its rating on South Korean stocks from "overweight" to "neutral" amid sharp volatility in chip stocks over recent weeks, as the bank seeks to reduce its exposure to artificial intelligence (AI) themed investments. A poster child for the global AI trading frenzy, South Korea’s KOSPI index has become the world’s best-performing stock market this year. However, in recent weeks, the market has faced sharp swings due to retail investors’ enthusiasm for single-stock leveraged ETFs and valuation concerns. Citigroup remains structurally bullish on the AI sector’s outlook, but has shifted its stance on the South Korean market to neutral.
10 minutes ago
SK Hynix experienced sharp price swings that trapped three newly entered whales, with the latest buyer chasing the rally only $60 away from liquidation.
According to Hyperinsight monitoring, SK Hynix (SKHX) on Hyperliquid saw sharp volatility after opening this morning. The token opened at $1168.1, surged to a high of $1270.1 within half an hour, marking an ~8.7% gain, before quickly pulling back. At 9:55 a.m., it hit a low of $1185.3, down ~6.7% from its peak. During this swing, three whales sequentially opened long positions on SKHX, holding a total of 11,620.674 contracts worth roughly $14.036 million. Based on SK Hynix’s current quoted price of $1198, all three long positions are now underwater: - Whale starting with 0xf4b: New long position with 10x leverage, holding ~$2.715 million, average entry price of $1210.6, unrealized loss of ~$9,000, liquidation price of $1130.4. - Whale starting with 0x564: New long position with 10x leverage, holding ~$4.918 million, average entry price of $1238.9, unrealized loss of ~$125,000, liquidation price of $851.5. - Whale starting with 0x2ab: Converted from a short position to long and continued adding to longs, with 10x leverage, holding ~$6.403 million, average entry price of $1212.8, unrealized loss of ~$25,000, liquidation price of $650.3. Notably, the 0xf4b whale is closest to liquidation. When SKHX dipped to $1185.3 intraday, the gap between its entry price and liquidation price narrowed to just ~$54.9; as the price rebounded to $1298, the gap has since widened to ~$68.
ZHIPU posts a short-term plunge of over 17%; major long investors, who are nearly 300% underwater on their principal, continue adding positions to average down.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid plummeted before Hong Kong stock market opening. Within about an hour, it hit a low of $120.7, down roughly 17%; the decline continued during Hong Kong trading hours. On the news front, ZHIPU completed the placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released the 2.8-trillion-parameter open-source model Kimi K3, intensifying market concerns over China’s large language model competitive landscape, leading ZHIPU’s Hong Kong-listed shares to drop 28.49% that day. No new company-specific negative news has been identified as of press time. The sharp price drop has further hit ZHIPU’s largest long position holder: a whale wallet starting with 0xddb. The whale currently holds 7,300 contracts with 10x isolated long leverage, with a position value of approximately $905,000, average entry price of $174.2, and liquidation price of around $78.3. It has an unrealized loss of about $367,000, a return rate of -288.2%, equivalent to 2.88 times its initial position cost of $127,000. The whale first opened a long position near $198.45 on the evening of July 6 and has not sold since; at 10:12 today, it added 409.1 contracts against the trend at $129.6. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain information.
10 minutes ago
China's Ministry of Industry and Information Technology (MIIT) will issue the Guidelines for the Construction of Computing Power Standard System, and promote the establishment of standards including market-based pricing for computing power.
The State Council Information Office held a press conference to brief on the development of industry and information technology in the first half of 2026. Xie Cun, spokesperson of the Ministry of Industry and Information Technology (MIIT) and Director-General of the Department of Information and Communication Development, stated that over the past two years, more than 70 major computing power corridors have been built around national computing power hub nodes, with network performance between these hub nodes improved by 10%. The current explosive growth of large AI models and agent applications has driven a continuous rise in demand for intelligent computing power. Going forward, the MIIT will continue to follow the systematic work approach of "point, chain, network, dimension, and system" to optimize the deployment of computing infrastructure resources, build interconnected computing power nodes, and enhance the utilization efficiency of computing power resources. In terms of focusing on key points, the MIIT will optimize the deployment of computing power resource supply, coordinate factors such as industrial development and energy supply, promote the construction of intelligent computing clusters and the coordinated development of computing power and electricity, build a tiered computing power layout, and strengthen overall monitoring of computing power. Additionally, it will issue guidelines for the construction of a computing power standard system, and promote the establishment of standards including computing power service capability evaluation and market-based pricing for computing power.
10 minutes ago
Moody's: South Korea's economic growth may slow in the second quarter.
Moody's Analytics noted in a report that South Korea's second-quarter economic growth is likely to slow to 0.9% from 1.8% in the first quarter. Driven by an AI-fueled semiconductor boom, exports—especially semiconductor shipments—will again act as the key growth driver. South Korea's domestic demand is projected to stay weak, with consumption seeing only a marginal improvement. High energy costs have amplified inflationary pressures, while government measures can only partially ease the strain. South Korea's preliminary second-quarter GDP figure will be released on Thursday.
10 minutes ago
A South Korean trading platform triggered the KOSPI index circuit breaker, halting program trading for 5 minutes.
South Korean exchange KRX triggered the sidecar mechanism due to KOSPI index volatility, suspending program trading for approximately five minutes. The sidecar mechanism is designed to address sharp short-term fluctuations, restricting only program trading while manual trading remains normal. Unlike the circuit breaker mechanism, the sidecar does not halt entire market operations, functioning more like a "speed bump" during periods of market volatility. By contrast, circuit breakers are typically used in extreme market scenarios, suspending all trading across the market when triggered to prevent panic-driven volatility from escalating further.
10 minutes ago
Citigroup downgraded its rating for the South Korean stock market to "Neutral".
Citigroup has adjusted its rating on South Korean stocks from "overweight" to "neutral" amid sharp volatility in chip stocks over recent weeks, as the bank seeks to reduce its exposure to artificial intelligence (AI) themed investments. A poster child for the global AI trading frenzy, South Korea’s KOSPI index has become the world’s best-performing stock market this year. However, in recent weeks, the market has faced sharp swings due to retail investors’ enthusiasm for single-stock leveraged ETFs and valuation concerns. Citigroup remains structurally bullish on the AI sector’s outlook, but has shifted its stance on the South Korean market to neutral.
10 minutes ago
SK Hynix experienced sharp price swings that trapped three newly entered whales, with the latest buyer chasing the rally only $60 away from liquidation.
According to Hyperinsight monitoring, SK Hynix (SKHX) on Hyperliquid saw sharp volatility after opening this morning. The token opened at $1168.1, surged to a high of $1270.1 within half an hour, marking an ~8.7% gain, before quickly pulling back. At 9:55 a.m., it hit a low of $1185.3, down ~6.7% from its peak. During this swing, three whales sequentially opened long positions on SKHX, holding a total of 11,620.674 contracts worth roughly $14.036 million. Based on SK Hynix’s current quoted price of $1198, all three long positions are now underwater: - Whale starting with 0xf4b: New long position with 10x leverage, holding ~$2.715 million, average entry price of $1210.6, unrealized loss of ~$9,000, liquidation price of $1130.4. - Whale starting with 0x564: New long position with 10x leverage, holding ~$4.918 million, average entry price of $1238.9, unrealized loss of ~$125,000, liquidation price of $851.5. - Whale starting with 0x2ab: Converted from a short position to long and continued adding to longs, with 10x leverage, holding ~$6.403 million, average entry price of $1212.8, unrealized loss of ~$25,000, liquidation price of $650.3. Notably, the 0xf4b whale is closest to liquidation. When SKHX dipped to $1185.3 intraday, the gap between its entry price and liquidation price narrowed to just ~$54.9; as the price rebounded to $1298, the gap has since widened to ~$68.
