Crypto Industry News & Market Trends

$285M Drift hacker moves funds after months of silence

Ethereum wallet known as “Drift Exploiter 4” on Etherscan started transferring money associated with the hacking of Drift Protocol, amounting to $285 million in April. According to blockchain security company PeckShield, an address linked with the Drift exploiter sent out about $44.4 million in 23,095.1 ETH to Tornado Cash, with an additional transfer of 0.85 ETH to Bybit.　　According to Etherscan transaction records, the wallet is identified as 0xbDdAE987FEe930910fCC5aa403D5688fB440561B and it is seen that the Tornado Cash deposits were segregated into several transactions. The address also belongs to Arkham Intelligences “Drift Protocol Exploiter” group which comprises nearly twenty wallets suspected of being involved with the exploit.　　These transactions constitute the first significant movement of the stolen funds in the last four months and make another sizeable amount of illegal crypto available on the market. Although investigators have not made a conclusive attribution, multiple blockchain analytics companies have connected the operation with North Korean state-sponsored hackers or infrastructure utilized in prior operations carried out by the DPRK.　　Drift funds begin moving again after months of silence　　Drift, the biggest perpetual futures trading platform on Solana, lost approximately $285 million following a hack where scammers exploited the protocol instead of taking advantage of a loophole in

07-25Industry

DOGE Price Prediction: Crowded Longs Are the Real Bear Signal — Flush to $0.065 Before Any Recovery

Luisa Crawford　　Jul 25, 2026 07:29　　DOGE is pinned at $0.0694 with 71% of retail positioned long while aggressive sellers are winning the tape every hour — this is a long-squeeze setup, not a bottom. Expect a potential flush to $0.06…　　Market Context: Why DOGE Is a Pressure Cooker Right Now　　DOGE is trading at $0.0694, practically glued to its intraday low of $0.0683, and the story behind the drift is more structural than the flat daily change implies. The coin has surrendered its 50-day moving average at $0.08 and is now trading more than 30% below the 200-day at $0.10. That isn‘t a correction. That’s a downtrend with holders in denial.　　The broader narrative — and the reason anyone is still debating DOGE‘s direction — is the ongoing tug-of-war between its meme-coin DNA and the theoretical upside of institutional adoption and real utility. CoinMarketCap’s AI division captured it plainly on July 24, describing DOGE as caught “between its meme-driven past and a future of potential utility and institutional adoption.” Thats a polished way of saying nobody has consensus on what DOGE is worth in this cycle. CoinCodex published a year-end target of $0.0868 on July 23, implying a 25% rally over five months. Possible

07-25Industry

Binance Expands ETF Perpetual Offering as Trading Volume Exceeds $116B

Market share for Binances ETF perpetual business has climbed to 74% as trading volume exceeded $116 billion. 　　Binance is strengthening its position in the fast-growing ETF perpetual market. Less than a year after launching the products, trading volume has exceeded $116 billion. Rising participation has lifted the exchanges market share from 18% to 74%, making it the largest player in the segment.　　Global ETF Boom Fuels Crypto Derivatives Demand　　Cryptocurrency exchange Binance says trading volume in its ETF perpetual contracts has exceeded $116 billion since the products launched in March 2026. According to data, Binances market share in the segment climbed from 18% at launch to 74%, making it the dominant venue for ETF perpetual trading.　　Growth in crypto ETF derivatives comes as global ETF markets continue expanding. Worldwide ETF trading volumes recently reached a record $23 trillion, reflecting rising demand for exchange-traded investment products. Part of that interest has now shifted toward crypto platforms offering similar market exposure through perpetual contracts.　　Source: Binance Research　　Current figures also show ETF perpetuals account for 19% of all TradFi perpetual trading on Binance. As such, rapid growth over the past months suggests traders are increasingly turning to these products for round-the-clock access to global markets.　　Meanwhile, liquidity has

07-25Industry

Will Ripple‘s institutional push, XRP Ledger’s new milestone spur new price rally？

XRPs price has been holding above a key trendline support level lately, despite the broader trend being under strong bearish pressure. In fact, the altcoin has continued to trade below its key daily moving averages too.　　However, recent developments around the Ripple ecosystem might give investors something new to watch.　　Over the past few days, Ripple has expanded its institutional footprint while the XRP Ledger hit another milestone in network adoption. The question now is whether improving fundamentals can translate into stronger price action.　　Ripple strengthens its enterprise ecosystem　　Ripple is in the news today after announcing a strategic investment in Notabene, a compliance platform that connects more than 2,300 financial institutions across over 100 jurisdictions.　　The move is designed to strengthen RLUSD‘s institutional infrastructure by helping businesses meet global compliance requirements before transactions are processed. It follows Ripple’s broader effort to position RLUSD for cross-border payments and regulated financial services.　　At nearly the same time, the XRP Ledger crossed 1 million agentic transactions.　　Unlike traditional transfers, agentic transactions are executed by AI agents and automated systems without requiring direct human input. Ripple believes the figure could eventually climb beyond 10 million as more automated financial applications are built on the network.　　Both developments are proofs that Ripple

07-25Industry

BitMEX Sued Over Alleged Bitcoin Liquidations.

BitMEX faces claims it profited from customer liquidations totaling 622.66 BTC.Plaintiffs seek Bitcoin recovery and damages over alleged unfair liquidation practices.Lawsuit coincides with BitMEXs planned September shutdown after 11 years.　　BitMEX is facing a proposed class action lawsuit in the United States over allegations that it profited from customer Bitcoin liquidations. The case was filed on the same day the cryptocurrency derivatives exchange confirmed it will permanently shut down operations in September, bringing renewed attention to its liquidation practices and past regulatory challenges.　　Plaintiffs Claim BitMEX Profited From Customer Liquidations　　BitMEX has been accused of engineering customer liquidations to retain Bitcoin that should have been returned to traders after leveraged positions closed.　　The proposed class action was filed in the U.S. District Court for the Southern District of New York by BKX Services Inc. and trader David Namdar. Together, they claim losses totaling 622.66 BTC through forced liquidations on the exchange.　　According to the complaint, BKX Services lost at least 305.81 BTC, while Namdar alleges losses exceeding 316.85 BTC. The plaintiffs seek the return of the Bitcoin alongside compensatory and punitive damages.　　The lawsuit claims BitMEX allowed customers to trade with leverage of up to 100 times their collateral. However, it alleges the platform liquidated positions

07-25Industry

Apple Q3 Preview: iPhone, Services, and AI Spend

Picture 4:59 p.m. on a summer Thursday. Options traders hover over their keyboards, desks are quiet, and every eyeball is on a single ticker. Apple is about to report.　　This isn‘t just another quarter. It’s a check-in on iPhone demand, Services momentum, and how Apple plans to spend on AI without turning into another hyperscaler.　　The call drops at 5 p.m. ET on July 30, and the first lines of the press release will likely set the tone for tech into August.　　Consensus heading into the print pegs fiscal Q3 2026 revenue around 108.8 to 108.9 billion dollars with EPS near 1.88 to 1.89, according to recent roundups of analyst estimates (MarketBeat (consensus estimates reported July 23, 2026)). The conference call is set for July 30 at 2 p.m. Pacific, 5 p.m. Eastern (Apple Investor Relations).　　What‘s different this time is the AI angle. In mid-July, coverage noted investors warming to Apple’s capital-light AI approach and the stock narrowing the gap with Nvidia in market value as that narrative gained steam (Investing.com (reporting Reuters coverage, July 17, 2026)).　　Apples pitch is efficiency: push AI on device, lean on existing infrastructure, and protect margins while still shipping meaningful features.　　That puts three things in focus: can iPhone

07-25Industry

WLD Plunges 10% Despite $52.5 Funding Round, BTC Struggles at $64K: Weekend Watch

ONDO and LIT are todays largest losers once agian, while ZEC has decisively broken below $500.　　After gaining several grand and peaking at $67,000 earlier this week, bitcoin faced an immediate rejection and dipped below $64,000, where it currently struggles.　　Most larger-cap alts are also in the red on a daily scale now, with ETH slipping to $1,850, XRP fighting for the $1.10 support, and ZEC dropping by 6%.　　BTC Falls to $64K　　On the surface, the past week appeared quite positive for the primary cryptocurrency given the overall market sentiment. After dipping to $63,750 on Monday, the asset went on a highly successful run and soared to $67,000 on Tuesday evening for the first time in over a month. Some of the reasons behind this jump included renewed ETF net inflows and new purchases from whales.　　However, the fragile market state failed to provide more rally support, and BTC went downhill in the following days. It dropped to $64,750 on Thursday, before it jumped by a grand on Friday morning. However, another rejection followed, which is rather typical for Fridays in the past several weeks, and BTC dipped by $2,000 after US President Trump warned the EU about a new set of tariffs.　　Bitcoin has

07-25Industry

Nvidia commits $500 billion to SK Group as the global AI buildout accelerates

Jensen Huang, the CEO of Nvidia, has revealed a partnership deal worth around $500 billion with SK Group of South Korea which may become the largest commitment in the field of AI infrastructure so far. Huang announced the amount of deal during the meeting with President of South Korea Lee Jae Myung in San Francisco, although the companies have not yet publicly disclosed details about the deal.　　The comments reported first by the Yonhap news agency have underlined the speed with which the AI race is developing. Starting off as the competition to make faster chips, the race has moved on to establishing every aspect of AI supply chain that requires advanced memory, data centers and engineers to power them.　　According to ChosunBiz, Huang said during the meeting, “SK Group and Nvidia will announce a business partnership between the two companies today… the size amounts to $500 billion.”　　Why a memory partner sits at the center of the deal　　The South Korean conglomerate SK Group owns SK Hynix, which is one of two companies that monopolize the region of high-bandwidth memory (HBM), which is stacked DRAM that allows AI accelerators to perform large data processing at a very high speed. That will put SK

07-25Industry

DEXE up +149.81%, BTC -1.99%, DeXe is The Coin of The Day – Daily Market Update for Jul 25, 2026 | CoinCodex

Key highlights:The total cryptocurrency market cap decreased from $ 2.22T to $ 2.18T in the past 24 hours, representing a -1.47%changeThe Bitcoin price at press time is $ 64,028 after falling by -1.99%in the last 24 hoursThe total crypto trading volume decreased by -8.81%in the past 24 hours, and is currently at $ 522.15BAll prices and changes are presented at the time of publication: July 25, 2026, at 06:00 UTC　　Market Overview　　The total cryptocurrency market cap is currently $ 2.18T after a -1.47%decrease on the day. The total crypto trading volume declined by -8.81%in the same time frame.　　Bitcoin is trading at $ 64,028 after seeing a -1.99%loss in the last 24 hours. The Bitcoin dominance fell by -0.24%and BTC currently represents 58.83% of the cryptocurrency market.　　Top Coins By Market Cap　　At press time, Bitcoin has a market capitalization of $ 1.28T after losing -1.99%in the last 24 hours. According to our forecast, the value of Bitcoin will drop by null%and reach null by Invalid date. To learn more about how the price of Bitcoin could change over the next 7 days, visit our Bitcoin price prediction page.　　Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 1,856.99 and has

07-25Industry

Sam Altmans World Foundation Pulls $52.5M as Pantera Backs Global World ID Expansion

Key TakeawaysWorld Foundation raised $52.5 million from Pantera Capital and others in a 1-year locked WLD token sale.World ID tackles AI deepfakes and bots across top services like Zoom, Tinder, and Okta for 39 million users.World Foundation is scaling adoption globally through the upcoming launch of its enterprise World ID 4.0 stack.　　Strategic Investor Backing　　World Foundation announced July 24 that it has raised $52.5 million in an initial funding round through a strategic sale of its native WLD tokens to expand its digital identity verification infrastructure. The funding round, structured around a one-year token lockup, was led by venture capital firm Pantera Capital. Other participants included Bain Capital Crypto, Eightco Holdings, Selini Capital, and Susquehanna Crypto.　　The announcement coincides with the third anniversary of the launch of Worlds network, which OpenAI CEO Sam Altman originally co-founded. World Foundation said the capital will support the global deployment of its World ID technology across commercial enterprises, consumer platforms, and autonomous artificial intelligence systems.　　All WLD tokens purchased in the round will be locked for 12 months. “The need for Proof of Human is becoming acutely clear with the acceleration of AI development, and we see this in the influx of enterprise traction,” Cosmo Jiang, general

07-25Industry

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