Crypto Industry News & Market Trends

Garden Finance takes app offline after independent solver database compromise

Garden Finance has temporarily taken its application offline after an attacker compromised the off-chain database of an independent solver, leading to the loss of solver-owned digital assets while leaving protocol contracts and user funds unaffected.　　SummaryGarden Finance temporarily took its app offline after an independent solvers off chain database was compromised, resulting in the loss of solver owned funds.The protocol said its smart contracts and user funds were not affected because the attack was limited to one solvers infrastructure.Blockaid estimated the attacker drained about $450,000 in USDT from HTLC contracts across multiple blockchains before the incident was contained.Garden has engaged zeroShadow, Quantstamp and Blockaid to trace the stolen assets and support recovery efforts.The incident follows a similar 2025 solver breach and comes as crypto security researchers continue tracking multiple exploits across the sector.　　Blockchain security firm Blockaid reported on Sunday that an attacker drained about $450,000 in USDT from Garden Finances hash time-locked contracts (HTLCs) deployed across Ethereum, Base, Arbitrum and BNB Smart Chain, describing the exploit as active while publishing wallet addresses linked to the attacker and the affected contracts.　　Garden Finance later told Cointelegraph that the protocol itself had not been breached. Instead, the company said the incident originated from the

07-27Industry

South Korea's KB Kookmin Bank to launch cross-border payment service on JPMorgan's Kinexys: report

Quick TakeKB Kookmin Bank, the largest bank in South Korea, plans to launch a blockchain-based cross-border corporate payments service next month, according to Yonhap.The bank is set to roll out the service under a partnership with Kinexys by J.P. Morgan.　　KB Kookmin Bank, the largest bank in South Korea, plans to launch a blockchain-based cross-border corporate payments service using Kinexys by J.P. Morgan, according to local media reports.　　Yonhap News Agency reported Sunday that the bank is set to roll out the service next month under a partnership with Kinexys. It will become the first Korean financial institution to use Kinexys blockchain payment network for corporate import and export settlements, per the report.　　The service will be available through the banks domestic branches in South Korea and its Singapore branch. Initially, the bank plans to prioritize U.S. dollar transfers across 10 countries: South Korea, the U.S., Singapore, Saudi Arabia, India, Thailand, Qatar, the UAE, Bahrain and South Africa, according to the report.　　KB Kookmin has been expanding its presence in blockchain-based payments. In March, KB Kookmin Card, one of the countrys largest credit card companies, announced that it is building a hybrid stablecoin payment model with Avalanche.　　Kinexys is J.P. Morgans blockchain business unit that

07-27Industry

WEMIX says attacker moved about $724,000 after contract breach

Layer-1 blockchain network WEMIX said an attacker moved about 724,000 in USDC.e tokens after compromising ownership of a contract linked to its WEMIX$ stablecoin and issuing tokens without authorization.　　The abnormal transactions occurred on Sunday at 9:17 UTC, according to a preliminary incident update from WEMIX. The attacker issued about 5.23 million WEMIX$, which was converted into 30,736 WEMIX and 724,198.27 USDC.e. The USDC.e was then bridged to Ethereum and BNB Smart Chain before being exchanged for assets including Ether and Tethers USDT and distributed across multiple addresses.　　WEMIX said some of the funds were deposited into centralized exchanges. The company identified the attackers wallets and requested asset freezes and assistance from exchanges and stablecoin issuers, adding that some exchanges had already frozen addresses linked to the incident.　　The company temporarily suspended all bridges connected to its layer-1 network, WEMIX3.0, including Chainlink CCIP and the PLAY Bridge. It also suspended trading in affected liquidity pools, withdrew foundation-provided liquidity, and paused services including the WEMIX$ Module and PNIX decentralized exchange.　　WEMIX said the cause and full impact remain under investigation and warned that the preliminary figures could change.

07-27Industry

Japan Sets 2028 Bitcoin ETF Deadline As Asias Policy Engine Leaves The West Behind

The centre of gravity for crypto regulation isn‘t drifting eastward. It has moved. While Washington remains tangled in last‑minute lobbying over a landmark bill, several Asian governments are converting policy papers into infrastructure. The latest signal: Japan has formally elevated on‑chain finance to a national policy objective and is targeting Bitcoin exchange‑traded funds by 2028, according to the weekly roundup compiled by WuBlockchain. That target date isn’t a casual mention in a white paper; it gives market participants and institutions a hard deadline around which to plan products, custody, and liquidity.　　On the same day, news arrived that South Korea is moving to expand institutional crypto access even as domestic exchange volumes crater. The combination is telling. A regime does not typically widen the on‑ramp for professional traders while retail activity dries up unless it is preparing the ground for a different kind of market structure. The draft framework suggests a shift from the retail‑driven speculation that has defined Korean crypto for years toward something more institutionally durable. In isolation, each headline might read like a routine policy update. Together, they reveal a coordinated‑looking acceleration across Northeast Asia that carries implications for institutional capital flows, stablecoin usage, and even the geopolitical

07-26Industry

Fed Rate Decision Pits 104 Economists Against a 36% Hike Bet

The Federal Reserve (Fed) decides on interest rates this Wednesday. Almost every economist expects no change. Traders are far less sure.　　That gap matters. If the Fed surprises, stocks, bonds, oil and Bitcoin (BTC) all move fast. Bitcoin traded near $64,915 on Monday, up 0.7%.　　Bitcoin Price Performance. Source: BeInCryptoEconomists Say Hold, Traders Say Maybe Not　　The Feds main interest rate has sat between 3.50% and 3.75% for four meetings. The FactSet consensus says it stays there.　　Reuters asked 104 economists in mid-July. All 104 said hold. Fully 78 expected no change through December.　　Traders tell a different story. Fed funds futures put the chance of a rate rise at 13% a week ago. By Friday it had jumped to 38%. It now sits near 36%.　　Fed Rate Cut Probabilities. Source: CME FedWatch Tool　　“We are currently seeing the biggest indecision by the markets regarding the expected outcome for some time,” analyst The Martini Guy noted.　　Follow us on X to get the latest news as it happens　　The two camps are not really arguing. Economists name the single likeliest outcome. Futures price every outcome, including the unlikely ones.　　The panel is also shifting. Most of those same economists now rate the chance of a hike later in 2026 as

07-26Industry

Down 32% in 6 Months: What Binance Research Says About Bitcoins Next Move

Bitcoin has fallen more than 50% from its October 2025 record high near $126,000, remaining below that peak for 275 days.　　Bitcoin ended the first half of 2026 near $60,000 after falling about 32% since January, Binance Research reported. Its Half-Year 2026: Macro & Bitcoin report described the decline as a third consecutive quarterly loss across broader financial markets worldwide.　　The weak first-half performance also extended Bitcoins longer-term drawdown. According to the report, the asset has fallen more than 50% from its October 2025 record high near $126,000. It has also spent 275 days below that peak, underscoring the depth and persistence of the current market downturn.　　On-Chain Data Signals Market Stress　　On-chain data showed 10.83 million BTC ended the period in unrealized loss, while 9.22 million units remained profitable instead. Binance Research said this marked the first loss-over-profit crossover during the current market cycle, making conditions important for analysts.　　The researchers noted similar crossovers have historically appeared near major Bitcoin market bottoms before stronger recoveries eventually followed. However, they cautioned that historical patterns alone cannot confirm the current cycle will produce the same outcome.　　Beyond the on-chain signals, Binance attributed Bitcoins weak performance mainly to broader macroeconomic conditions rather than crypto-specific developments. The report said

07-26Industry

Nike, Inc. stock Analysis: Bearish Trends and Key Risks in 2026

Nike, Inc. stock is firmly in bearish territory as of late July 2026. Closing at $41.70on July 24, NKE sits well below its key moving averages. Strategic uncertainty over China and a counterfeit goods incident in Vietnam add further weight to an already fragile chart.　　NKE — daily chart with candlesticks, EMA20/EMA50 and volume.Key takeawaysNKE closed at $41.70 on July 24, 2026, below the daily EMA20 ($42.89), EMA50 ($43.95), and EMA200 ($52.63).The daily RSI reads 43.25 — subdued but not oversold, confirming no technical floor has formed.The MACD remains negative with the line at -0.38 below the signal at -0.23.Nike will end all online sales through distributor Pou Sheng in China from January 1, 2027.Vietnamese authorities discovered nearly 50,000 pairsof allegedly fake Nike shoes in a Ho Chi Minh City factory raid.　　Daily Timeframe Sets a Clear Bearish Bias for Nike, Inc. Stock　　Nike, Inc. stock is in a firmly bearish daily configuration. Price sits below all three major moving averages, and no momentum reversal signal is visible.　　The daily chart leaves little room for ambiguity. NKE closed at $41.70, below both the EMA20 at $42.89 and the EMA50 at $43.95. Meanwhile, the EMA200 sits even further above at $52.63. This stacking of price

07-26Industry

Teva Pharmaceutical Industries stock Analysis: 60% Upside Despite Bearish Chart

Teva Pharmaceutical Industries stock closed at $30.81on July 24, sitting below key moving averages. Wall Street analysts project over 60% upsidewith a 100% buy rating. The daily chart, however, is not confirming that optimism. The gap between bullish narratives and technical weakness defines TEVAs current tension.　　TEVA — daily chart with candlesticks, EMA20/EMA50 and volume.Key takeawaysTEVA closed at $30.81on July 24, below the daily EMA20 at $32.17 and EMA50 at $32.81The EMA200 at $29.94serves as the critical structural floor that must hold for any recoveryDaily RSI at 40.15 reflects weak momentum, while the MACD confirms persistent downward pressureWall Street analysts maintain a 100% buy rating with price targets implying over 60% upsideThe hourly MACD histogram shows a slight positive divergence, hinting at fading selling pressure near current levels　　Daily Timeframe: Bearish Pressure Beneath the Surface　　The daily chart leans bearishdespite an official neutral regime reading. Price sits below both the EMA20 and EMA50, with only the EMA200 providing structural support.　　Momentum Indicators Confirm Downward Pressure　　Meanwhile, the daily RSI at 40.15 places TEVA in weak territory. It is not yet oversold, but it is approaching the zone where momentum shifts become possible. The MACD line at -0.75 sits below its signal line at -0.54. The

07-26Industry

TRX Price Stabilizes Near $0.33 as Network Activity Strengthens

TLDR:TRX price holds near $0.33 after reclaiming short-term moving averages, while buyers continue defending support inside the ascending channel structure.Parabolic SAR at $0.3623 and a negative MACD histogram show that momentum has weakened, despite the token holding above the proposed $0.3297 stop.Tron Inc. added 150,742 TRX at an average of $0.3317, lifting its reported treasury beyond 706.9 million tokens under a daily accumulation plan.CryptoQuant estimates that TRON hosts about $90 billion in USDT and processes roughly $24 billion through 2.2 million daily stablecoin transactions.　　The TRX price is holding near $0.33 as buyers defend support within an ascending channel. The token trades around $0.3317 after recovering from a 16% slide from its May high. Recent gains also pushed TRX above its 7-day and 30-day moving averages. However, TRX faces nearby resistance before a broader recovery can develop.　　Treasury buying from Tron Inc. and heavy USDT activity provide additional underlying support. Bitcoins position near $64,640 may shape whether TRX extends its rebound or revisits support during the next market move.　　TRX Price Tests Momentum Near Ascending Channel Support　　Analyst Blockchain Rex identifies $0.3320 to $0.3330 as an entry zone. The analyst places upside targets at $0.3345, $0.3355, and $0.3364. A stop at $0.3297 marks the

07-26Industry

USA Rare Earth, Inc. stock Analysis: July 2026 Bearish Technicals & New CEO

USA Rare Earth, Inc. stock closed at $14.15on July 24, 2026. Price sits deep below key moving averages, pressing against the lower daily Bollinger Band. The technical picture across timeframes is unmistakably bearish. Yet beneath the deterioration, strategic corporate developments are building a longer-term narrative worth watching.　　USAR — daily chart with candlesticks, EMA20/EMA50 and volume.Key takeawaysUSAR closed at $14.15on July 24, 2026, trading below all three daily EMAs — the 20-day at $17.60, 50-day at $19.93, and 200-day at $19.31.Daily RSI sits at 30.29— hovering near oversold — while the MACD histogram at -0.18 confirms active bearish momentum.The 1H timeframe is flagged as explicitly bearish, with RSI at 28.97 and price below every hourly EMA.A CEO transition is underway: Barbara Humpton retires; Thras Moraitis becomes CEO effective October 1, 2026, with Michael Blitzer named Executive Chairman.Daily pivot stands at $14.47; a close above $14.79(R1) would provide the first constructive signal.　　Daily Timeframe: USAR in Oversold Territory but Not Yet Reversing　　USARis in a confirmed downtrend on the daily chart. Price at $14.15 sits below the 20-day EMA at $17.60, the 50-day EMA at $19.93, and the 200-day EMA at $19.31. That is a classic bearish stack — signaling sustained distribution rather than

07-26Industry

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