Crypto Industry News & Market Trends

Galaxy Research: Strategy must find ways to monetize its Bitcoin after digital credit framework stopgap

Alex Thorn, the head of firmwide research at Galaxy Research, shared Galaxy‘s analysis on X, adding his voice to the debate regarding Strategy’s newly announced Digital Credit Capital Framework.　　The new rules have sparked a debate about whether or not they will solve the companys capital-structure problems or simply delay them.　　How does Strategys new capital framework operate？　　Strategy (Nasdaq: MSTR) recently disclosed a new “Digital Credit Capital Framework” in a 8-K regulatory filing.　　Cryptopolitan reported that the framework grants the company formal permission to sell up to $1.25 billion worth of Bitcoin. Notably, the firm is facing a massive unrealized loss of roughly $14 billion on its holdings of 847,363 BTC.　　The framework creates a formal USD reserve policy that introduces revised dividend terms for its STRC preferred shares, and authorizes separate repurchase programs for both preferred stock and MSTR common shares at $1 billion each.　　The board has kept aside the companys $2.55 billion cash reserve, restricting its use to preferred dividends and debt interest.　　If the current spending rates of roughly $1.76 billion annually are retained, this reserve is expected to last for about 17 months. If the full authorized sale of Bitcoin were to be executed, total liquidity would stretch to approximately $3.8

07-25Industry

Triple-A hot wallets lose $9.7M in suspected exploit

Triple-As hot wallets appear to have lost more than $9.7 million across several blockchains, with the suspected attacker swapping the assets and consolidating the proceeds on Ethereum.　　What happened to Triple-As hot wallets　　On-chain analyst Specter first identified suspicious transactions involving hot wallets linked to Triple-A, a Singapore-based provider of stablecoin payment infrastructure.　　Specter initially estimated that more than $9.3 million had been removed, swapped, and transferred across chains to Ethereum. Blockchain security firm PeckShield later amplified the alert, while subsequent estimates placed the suspected loss above $9.7 million.　　The activity reportedly affected Triple-A wallets operating on Ethereum, Solana, TRON and TON. Some reports also identified transactions involving Polygon and Arbitrum, potentially expanding the incident to six networks.　　Triple-A had not publicly confirmed the exploit at the time of writing. The company has also not disclosed when the suspicious activity began, how its wallets were accessed, or whether the affected assets belonged to Triple-A, its business customers, or payment recipients.　　Without a company statement or technical investigation, the incident remains a suspected hot-wallet compromise rather than a confirmed protocol exploit.　　Stolen assets were consolidated into Ethereum　　On-chain data cited by security researchers showed that the transferred assets were exchanged and bridged to Ethereum after leaving the affected wallets.　　The

07-25Industry

Across Protocol relayer loses under $4M in Solana attack

Across Protocols Risk Labs-operated relayer lost less than $4 million after an attacker fabricated $41.7 million in Solana deposit events, according to a post-incident report released by the cross-chain protocol.　　Across attacker forged 1,627 Solana deposits　　The attack occurred between 05:07 and 06:14 UTC on July 17, according to the Across Protocol post-mortem. The attacker used 1,627 single-use Solana wallets to create the same number of fake deposit events.　　Those deposits carried a combined face value of approximately $41.7 million and requested payments across 18 destination chains. Across reported that the funds were directed toward one recipient address on an Ethereum Virtual Machine-compatible network.　　Risk Labs relayer filled 581 requests before Across stopped Solana operations. Those payments represented about 35.7% of the fraudulent requests but only 10.8% of their stated value.　　The relayer advanced approximately $4.5 million of its own capital. Across invalidated the remaining 1,046 requests, preventing about $37 million in additional payouts.　　Approximately $500,000 belonging to the attacker remained trapped within the protocol. Across deducted that amount from the gross payout to place its net loss below $4 million.　　Why Across users avoided the relayer loss　　Across attributed the breach to a flaw in Risk Labs off-chain event-reading software rather than a vulnerability in its smart

07-25Industry

Mega Millions Jackpot Hits $800 Million—Heres What The Winner Could Take Home

Topline　　The Mega Millions jackpot reached $800 million after no jackpot or second prize winners were announced following Fridays drawing, though winning the biggest lottery prize of the year will come with a smaller payout after taxes and deductions.　　The next Mega Millions drawing is scheduled for Tuesday night.　　Photo illustration by Jakub Porzycki/NurPhoto via Getty Images　　Key Facts　　The winning numbers drawn Friday night were 2, 5, 42, 44, 60 and gold Mega Ball 1.　　If a participant wins the next draw Tuesday night, they will choose between 30 annual installments of an estimated payout of $800 million or a lump sum of $344.2 million.　　A winner who chooses the cash payout will see their winnings drop to about $261.6 million after immediate federal taxes of 23% are applied.　　The winner will also eventually be subject to a federal marginal rate as high as 37% since they will be pushed into a higher tax bracket, dropping their winnings down to about $216.9 million.　　Installment payments of $26.6 million would fall to about $16.8 million after the 23% and 37% federal taxes are applied.　　The winner could experience further taxes depending on where they live, as states like New York tax lottery winnings at 10.9% while others such as Texas,

07-25Industry

Netflix Released ‘Heartstopper: Forever’ And No One Seems To Notice

At one point, Heartstopper was one of the most talked-about series on Netflix with sky-high critic scores for the show about a love story between two teens. Now？ We have gotten to a point where the series finale of the show, which instead is a two-hour movie, came and went largely without a whisper.　　That is Heartstopper: Forever, a film adapting the final graphic novel of the series, the movie being released a week ago on Netflix. But if you didnt know that, no one would blame you. The movie failed to chart on the US top 10 movie list at all, and was nowhere on the global chart. It briefly did well in the UK, but that was about it.　　Its a strange ending for a show that boasts one of the highest critic and audience score combinations in Netflix history, a 98% and 95% on Rotten Tomatoes respectively across three full seasons. And Heartstopper definitely did have stellar viewership for a time.　　It‘s not clear precisely why this decision was made back in 2025 to release the “final season” as a film instead. It’s possible that declining viewership led to Netflix questioning another full season, but not wanting to end such

07-25Industry

Will Ripple Burn 32 Billion XRP In Escrow？ Crypto Pundit Unleashes The Truth Behind FUD

Fears of Ripple burning its approximately 32 billion of XRP that is currently held in escrow have surfaced again in the crypto community. However, crypto commentator and Digital Ascension Group Chairman Jake Claver says thats not possible as of now. He said that since the XRP Ledger is based on decentralized validator consensus, which could save the XRP in escrow from any kind of burn activities.　　Can Ripple Burn Its 32 Billion XRP Held In Escrow？　　Based on XRPScan data, currently a stash of around 32.45 billion XRP is locked in escrow. Meanwhile, theres approximately 67.53 billion XRP in circulation, and the total supply of XRP on the XRP Ledger is set at 100 billion.　　Almost 1.44 million XRP has been permanently burned due to transaction fees. Hence, the total amount of XRP available to be burned is nearly 99.99 billion of which Ripple owns around 32% stake.　　In response to the rumors swirling around X, Claver wrote, “‘Will Ripple just burn the escrow？’ They cant.” He said that Ripple operates three out of 35 trusted validators, while any change to the protocol needs to get 80% of the validators to agree.　　‘Will Ripple just burn the escrow？’ They cant. Ripple runs 3 of 35

07-25Industry

Cardano Founder Blasts Ark Invest Directors Bias Over Criticism

Cardano founder Charles Hoskinson addressed criticism from Director of Research of the Digital Asset team at Ark Invest, Lorenzo Valente, in an X post.　　Valente, in an X post, had questioned why Cardano continues to receive industry attention, criticizing its continued prominence in the space. He claimed that the crypto sector undermined its own credibility by continuing to invite Cardano founder Charles Hoskinson to conferences, accepting sponsorships, and featuring Cardano in podcasts.　　“It‘s 2026, and we’re still talking about Cardano. Were still inviting Charles to conferences, treating Cardano as newsworthy, accepting its sponsorship money, and giving it airtime on podcasts. Then we wonder why this industry struggles for credibility. We deserve the reputation we have. No serious industry keeps rewarding irrelevance like this,” Valente wrote.　　Risk of XRP Losing $1 Just Spiked Up, Will Zcash (ZEC) Retain $500？ Hyperliquids (HYPE) $70 Bounce Is Possible: Crypto Market Review　　Coinbase‘s Armstrong Reacts to Nvidia CEO’s Very First Tweet　　Engaging with Valente‘s post, Hoskinson responded, pointing out the Ark Invest Director of Research’s bias outright. Hoskinson dismissed the criticism, suggesting that the comments reflected personal bias rather than an objective assessment of Cardano.　　“Well, I don‘t think I’ll get a fair shake from ARK Invest anytime soon ???? Its

07-25Industry

Open-Weight AI Models Gain Support From Leading U.S. Tech Executives

Open-weight AI models gained backing from Huang, Altman, Nadella and Zuckerberg.Industry leaders said open-weight AI expands competition, boosts security, and increases AI access.The letter urged support for open-weight AI instead of broad restrictions on advanced AI models.　　Open-weight AI models became the focus of a joint message from several prominent U.S. technology leaders after NVIDIA published a letter calling for policies that support open-weight artificial intelligence.　　The document, titled Open Weights and American AI Leadership, argues that downloadable and modifiable AI models can strengthen competition, expand access to AI tools, improve cybersecurity, and support American innovation.　　NVIDIA CEO Jensen Huang shared the letter in his post on X, while OpenAI CEO Sam Altman, Microsoft CEO Satya Nadella, and Meta CEO Mark Zuckerberg publicly endorsed its message through separate posts.　　Open-Weight AI Models Backed by Industry Leaders　　Jensen Huang said the world needs both frontier-closed and frontier-open models. He stated that open models strengthen safety, cybersecurity, innovation, and national sovereignty. Sam Altman responded by saying he wants the United States to lead in both open-source and proprietary AI models and welcomed the initiative.　　Mark Zuckerberg described open source as an important force that empowers people and helps prevent centralization. Satya Nadella also backed the effort, saying open-weight

07-25Industry

Triple-A Hot Wallets Drained of $9.7 Million Across Six Chains: Heres What Peckshield Found

Key TakeawaysTriple-A lost over $9.7 million from hot wallets across six chains, per Peckshield.The attacker bridged proceeds to Ethereum, consolidating roughly 5,227 ETH in one address.Triple-A had issued no public statement more than eight hours after the breach was flagged.　　Onchain Investigator Flags the Breach First　　Onchain investigator Specter first reported the incident. According to a Peckshield alert published Saturday, wallets tied to Triple-A, a Singapore-based fiat-to-crypto payment gateway, had been drained of funds across Ethereum, Tron, Polygon, Arbitrum, Solana and The Open Network (TON).　　Triple-A operates payment infrastructure that lets merchants accept cryptocurrency and settle in fiat currency, meaning its hot wallets hold a rotating pool of customer funds and liquid stablecoins to process transactions quickly. Hot wallets stay connected to the internet for speed, a tradeoff that makes them more exposed than offline cold storage.　　Onchain data reviewed by security researchers shows the attacker swapped stolen stablecoins and other liquid assets on decentralized exchanges before bridging the proceeds to Ethereum. The funds landed in a single address beginning with 0x01F8, which held roughly 5,227 ETH, worth about $9.7 million, as of Saturday.　　Image source: X　　The consolidated wallet received the stolen assets in several tranches rather than one lump transfer, a move that is

07-25Industry

Crypto token unlocks: $77M in BEAT, EIGEN, ZETA hitting markets Aug. 1

BEAT has gained 32.1% in seven days before an Aug. 1 release that will place the token at the center of $77.07 million in scheduled BEAT, EIGEN and ZETA unlocks.　　RootData reported that Audiera will release 21.25 million BEAT at 9 a.m. Beijing time, valuing the allocation at approximately $67.78 million. The data platform calculates that the release equals 6.87% of BEATs circulating supply.　　EigenCloud will unlock 38.35 million EIGEN worth about $7.87 million at 5 a.m. Beijing time, according to RootData. ZetaChain will add 44.43 million ZETA worth $1.42 million at midnight, with RootData placing the releases at 5.18% and 2.94% of circulation, respectively.　　BEAT carries Aug. 1s largest supply shock　　BEAT traded near $3.16 after moving between $2.19 and $3.69 during the past week, according to CoinGecko. Although the token remained up 32.1% over seven days, it had retreated about 14% from the weekly high and lost 1% during the latest 24-hour period.　　CoinGecko recorded $37.84 million in daily BEAT volume, up 148% from the previous day. RootDatas $67.78 million unlock valuation equals almost 1.8 times that turnover, although reported volume does not measure the amount of buy-side liquidity available to absorb recipient sales.　　Using CoinGecko‘s 309.27 million circulating-supply figure, the release would raise

07-25Industry

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