Latest Crypto News & Market Updates

515 Million NIGHT Exploit Update: 7 Major Exchanges Lock Down Stolen Funds for Cardanos Privacy Network

The Midnight Foundation has released an official update on the response to the attack on Wanchains Cardano-BNB cross-chain bridge. The developers quickly brought partner exchanges into the investigation: Binance, OKX, Kraken, KuCoin, Bybit, Gate, and MEXC introduced emergency measures to completely block the movement of the stolen funds.　　The coordinated response from the platforms prevented the liquidation of 515 million NIGHT tokens, worth approximately $9 million, stolen from the treasury of a third-party smart contract.　　Following the incident, NIGHT temporarily plunged by more than 30% on decentralized exchanges, reaching an all-time low of $0.016.　　Bitcoin Quantum Discount Deepens to 30%; XRP Exits ‘Fear Buy’ Zone on MVRV Chart; New Shiba Inu (SHIB) Whale Flees Coinbase With $2.76 Million Fortune – Morning Crypto Report　　Ripple Veteran on Selling XRP: ‘I Wish I Hadn’t　　How exchanges trapped a hacker after a $9 million Cardano bridge code exploit　　The main purpose of the Midnight Foundation‘s statement was to confirm that the stolen millions had been isolated within centralized systems. At the foundation’s request, the exchanges immediately blacklisted the attackers wallets, temporarily froze associated accounts, and suspended NIGHT deposits and withdrawals.　　This prevented the hacker from laundering most of the stolen funds. However, the attacker managed to sell approximately 290 million

07-21Industry

Wanchain Bridge Breach Sends Midnight Token to All-Time Low

Midnight (NIGHT) token slid to a record low of $0.01524 after an attacker drained roughly 515 million tokens from Wanchains Cardano (ADA) bridge.　　The stolen tokens reportedly represented about 97% of the bridges NIGHT reserves. Wanchain has since suspended the bridge while it investigates the breach.　　Inside the Wanchain Bridge Drain　　According to analyst Paul, the attacker emptied Wanchains Cardano-side lock address between 14:46 and 14:55 UTC. That address holds the custody backing Wanchain-wrapped NIGHT on BNB Chain.　　Only NIGHT left the contract. Other bridged assets stayed untouched, according to the on-chain analyst. Reserves fell from about 527 million NIGHT to near 12 million. The move stripped roughly 97% of the bridges holdings.　　“This is a bridge-layer incident, token supply is unchanged. The wrapped NIGHT on BNB is now largely unbacked though,” the post read.　　Follow us on X to get the latest news as it happens　　Token Dumped as Midnight Distances Itself　　The attacker routed funds through newly created wallets and sold them on Cardano-based exchanges. About 290 million NIGHT hit decentralized exchanges (DEXs), pushing prices down.　　The impact was clearly visible. At press time, NIGHT traded around $0.019, down about 27% on the day.　　Midnight (NIGHT) Token Price Performance. Source: BeInCrypto Markets　　Meanwhile, the Midnight Foundation said the incident

07-21Industry

Binance Revamps VIP Program With Lower Wallet Thresholds And OTC Integration

Binance is bending its own rules for VIPs. The exchange quietly lowered the wallet asset balance needed to qualify for VIP 3 status and introduced over-the-counter spot trading volume as part of its eligibility criteria, according to the official announcement. The tweaks mark the second time in recent months the firm has recalibrated its top-tier client program, signaling that retention and recruitment of whales is now top of mind.　　VIP 3 sits at a sweet spot in Binances tiered structure—it unlocks meaningful fee discounts and dedicated account management without requiring the extreme volumes of VIP 8 or 9. By lowering the bar, Binance effectively opens the program to a larger cohort of professional traders and mid-sized funds that might otherwise drift toward competing platforms like OKX or Bybit, where fee structures and institutional perks have been narrowing the gap.　　Why the timing matters　　The move lands as institutional capital pours into crypto markets at an accelerating clip, not just through spot but also via tokenized real-world assets. Last week, on-chain RWAs crossed $20 billion for the first time, and Bullish acquired Equiniti for $4.2 billion, underscoring the scale of capital now engaging with crypto infrastructure. Exchanges that can capture this flow through tailored

07-21Industry

'Take on Crypto': Socialist Sanders Rallies Against Tech Billionaires

Independent Sen. Bernie Sanders has renewed his criticism of the cryptocurrency industry.　　During his appearance at a campaign event in Minneapolis supporting Minnesota Lt. Gov. Peggy Flanaganâ€™s Senate bid, Sanders said they would challenge powerful industries.　　â€œTogether, we are going to take on crypto, the AI industry, AIPAC and other billionaire super PACs and send Peggy to the United States Senate,â€ Sanders wrote on X.　　Crypto rewards platform　　Sandersâ€™s long-running criticism of crypto　　Sanders, the most prominent Democratic socialist in the US, has generally taken a negative view of cryptocurrencies.　　During debates over crypto legislation in Congress, Sanders has warned that digital assets would benefit wealthy insiders while creating risks for ordinary investors.　　In 2025, he criticized the Republican-backed stablecoin-focused GENIUS Act, which passed last year.　　Sandersâ€™ comments echo recent statements from fellow progressive Democrat Elizabeth Warren, the leader of the so-called “anti-crypto army” in Congress. In her recent social media post, she also criticized the role of cryptocurrency money in politics.　　Warren has argued that “dark money groups” were spending millions to influence elections while listing crypto and AI among the major sources of outside political spending.　　Crypto rewards platform　　The influential progressive politician has repeatedly taken aim at the cryptocurrency industryâ€™s lobbying power. She has criticized what she calls

07-21Industry

Base, Coinbase near 1:1 tokenized stocks as Robinhood leads

Base founder Jesse Pollak said the Ethereum layer-2 network is working with Coinbase on a tokenized equities product backed 1:1 by underlying shares.　　SummaryBase and Coinbase now near 1:1-backed tokenized stocks designed to represent actual underlying equity ownership.Jesse Pollak says Robinhood Chain moved faster by placing tokenized equities directly in EVM markets.Coinbases planned model differs from Robinhood derivatives by backing each tokenized stock with real shares.　　He also acknowledged that Robinhood Chain moved faster in bringing stock-linked assets into an EVM environment.　　In a July 21 post on X, Pollak said Robinhood Chain had taken the “right” approach by putting tokenized equities on EVM-compatible infrastructure. He added, “we‘ve been behind on this on Base and I’m frustrated thats the case,” before saying Base was “close to fixing it with Coinbase.” Pollak did not provide a launch date, supported stock list or legal structure for the planned Base product.　　You might also like:　　Ripple veteran regrets selling XRP at $0.10 and Ethereum near $1　　Pollak said the planned model would use equities backed 1:1 by underlying shares, contrasting it with Robinhoods stock-token structure. Coinbase announced in June that its planned tokenized stocks for non-U.S. customers would represent equity ownership and include dividend payments and shareholder rights. The

07-21Exchange

Ripple veteran regrets selling XRP at $0.10 and Ethereum near $1

Ripple CTO Emeritus David Schwartz has admitted that he regrets selling some of his early XRP and Ethereum holdings, while explaining that risk management drove the decisions rather than a loss of confidence in cryptocurrency.　　SummaryDavid Schwartz says risk aversion drove early XRP and Ethereum sales despite later price gains.Schwartz followed a family agreement to sell at new highs, reducing long-term crypto exposure substantially.The XRP Ledger co-creator once held about 26 million XRP before steadily cutting holdings down.　　Schwartz addressed the sales in a July 20 post on X after another user raised his history of selling XRP at $0.10 and Ethereum near $1. “Obviously, I wish I hadnt done those things,” he said.　　However, he added that he had agreed with his wife to reduce exposure whenever his holdings reached new highs because he strongly disliked financial risk.　　Obviously, I wish I hadnt done those things. But I agreed with my wife to sell at every new ATH and I really, really hate risk. I wish I was more comfortable with risk, but Im just not that person.　　You might also like:　　London Stock Exchange eyes overnight trading as crypto runs 24/7　　Risk aversion drove Schwartzs early crypto sales　　Schwartz has discussed his early exits several times

07-21Industry

Russia Passes Landmark Crypto Law For Sanctioned Trade

Russias State Duma passed a law on Tuesday that regulates the circulation of crypto and digital rights for the first time, a framework that sets rules for crypto exchanges, digital depositories, and investors while it opens a state-supervised channel for cross-border trade.　　Lawmakers cleared bill No. 1194918-8, “On Digital Currency and Digital Rights,” in its second and third readings, the final stage in the chamber, according to semi-official Russian news agency Tass.　　The measure heads to the Federation Council and to President Vladimir Putin for a signature, a process expected to take two more weeks before the law takes effect. It caps a sweeping regulatory push that has moved through parliament across the year.　　Legalization or taxation？　　The law does not turn bitcoin into money a Russian can spend at the store. The ruble stays the sole lawful currency for goods and services inside Russia, the ban on crypto payments holds, and a bar on advertising that promotes such use holds with it.　　What the law does is grant crypto a legal identity and a set of gates. It recognizes digital assets as property, licenses the firms that handle them, lets investors buy within set limits, and clears crypto for use in foreign trade.　　In plain

07-21Industry

The Spice Girls Almost Return To No. 1 With The Groups Signature Hit

“Wannabe” turned the Spice Girls into superstars nearly overnight, and 30 years after its release, the tune returns to multiple charts and almost hits No. 1. LONDON – DECEMBER 18: *** EXCLUSIVE ACCESS *** (L to R) Melanie Chisholm, Emma Bunton, Melanie Brown, Victoria Beckham and Geri Halliwell of the Spice Girls perform on stage during The Return of Spice Girls World Tour at the O2 Arena on December 18, 2007 in London, England. (Photo by MJ Kim/Spice Girls LLP via Getty Images)　　Spice Girls LLP via Getty Images　　The Spice Girls only recorded and released new music as a quintet for a few years. As is the case with so many stars in the music world, the group burned incredibly bright, but only for a very short period of time.　　The outfit debuted on the Official Singles chart in the United Kingdom in 1996 with “Wannabe,” its breakout smash and one of the biggest girl group hits of all time. Between then and the Spice Girls hiatus in 2000, the act released 10 singles, and nine reached No. 1. Only “Stop” missed out on ruling, and by just one space.　　Three decades after that historic run began, “Wannabe” becomes a top five bestseller

07-21Industry

Cardano (ADA) Rallies 7% to a $0.175 Local Peak

Cardano News　　Cardano (ADA) climbed roughly 7% on July 21, extending its monthly gain to about 9% and briefly touching a local peak near $0.175. The move made Cardano one of the days strongest large-cap altcoin performers, outrunning much of the broader market. Yet the rally carries a caveat: our reading of the positioning data suggests the advance is running ahead of underlying demand. The token has spent recent weeks range-bound, and this burst of momentum arrived without a matching pickup in on-chain usage. For now, ADA sits at a technical inflection point, with traders split on whether the pop marks a genuine breakout or a fleeting squeeze.　　The sharpest warning comes from how the largest accounts are positioned. On the top-trader long/short ratio — a gauge that compares whale and smart-money exposure against the wider crowd — the biggest traders sit near 0.93, meaning they hold more shorts than longs. Across all accounts, including retail, the reading jumps to about 2.08, heavily skewed long. That roughly 1.15-point gap is unusually wide. When professional desks and retail traders diverge this sharply, the move retail is chasing often stalls or reverses, and the crowded side gets squeezed. Right now, on-chain positioning data shows

07-21Industry

Tom Lee And Ethereum: Why Hes Bullish, Explained

Tom Lee, the Fundstrat co-founder and chairman of Bitmine Immersion Technologies (NYSE: BMNR), has become one of the most prominent and vocal bulls on Ethereum in the current cycle — search interest in tom lee ethereum has climbed as a result. Under his leadership, Bitmine has built one of the largest corporate ETH treasuries in the industry, and Lee has repeatedly made headlines with bold price targets and public commentary defending Ethereum even through its roughest stretches in 2026. This piece breaks down who Tom Lee is, why hes so bullish on Ethereum, and what his Bitmine strategy actually involves.　　Key TakeawaysTom Lee is the co-founder and head of research at Fundstrat Global Advisors, and chairman of Bitmine Immersion Technologies (NYSE: BMNR), a publicly traded company pursuing a large-scale Ethereum accumulation strategy.Under Lee‘s chairmanship, Bitmine has become one of the largest corporate holders of ETH, holding roughly 5.78 million ETH — about 4.8% of Ethereum’s circulating supply — worth roughly $11.5 billion in combined crypto, cash, and equity holdings as of July 19, 2026, closing in on its stated 5% target.Lee has made some of the boldest public Ethereum price targets in the industry, at various points suggesting ETH could reach

07-21Industry

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