Latest Crypto News & Market Updates

British Pound: Sterling rally seen nearing exhaustion against Euro – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong argue recent British Pound (GBP) strength looks stretched as markets price in fiscal discipline from the new UK government under Andy Burnham. They note OECD warnings on United Kingdom (UK) fiscal constraints and expect EUR/GBP, which has fallen to a one‑year low, to recover towards 0.87 in coming months, consistent with a broadly range‑bound view on the Pound.　　Rebound expected after overshoot　　“GBP rallied on reports that Burnham is likely to appoint Shabana Mahmood as Chancellor rather than a candidate perceived as less fiscally conservative. We continue to expect a fiscally responsible shift to the left. However, balancing higher defence spending and reversing cuts to unprotected departments could prove challenging within the existing fiscal framework.”　　“The OECD echoed these concerns in its latest UK outlook, stressing the importance of fiscal discipline. It highlighted high public debt, elevated interest costs, and rising healthcare and social care expenditures as key constraints on fiscal flexibility.”　　“Against this backdrop, we believe the recent EUR/GBP correction, which has pushed the cross to its lowest level in a year, is nearing exhaustion. We continue to expect EUR/GBP to recover towards 0.87 in the coming months, consistent with our broader range-bound GBP view.

07-20Industry

Allbridge pauses cross-chain bridge after $1.65M exploit

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 Cores 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 pools exchange rate.　　Related: Taiko reopens bridge after $1.7M exploit, says users made whole 　　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

07-20Industry

SOL faces selling pressure as ETF inflows slow and futures sentiment weakens

Key takeawaysSolana (SOL) traded lower on Monday, extending its corrective trend from early July.Institutional demand remains subdued, with SOL ETFs recording less than $1 million in inflows for a second consecutive week.Futures Open Interest declined while trading volume surged 78%, pointing to increased market activity but weaker conviction.　　Solana (SOL) edged lower on Monday, continuing its recent correction as both institutional and retail market indicators pointed to weakening demand.　　Although trading activity has picked up sharply over the past 24 hours, declining futures positioning and muted exchange-traded fund (ETF) inflows suggest investors remain cautious about the tokens near-term outlook.　　The combination of slowing institutional participation and growing bearish sentiment has kept SOL under key technical resistance levels.　　Institutional investors continue to favor Bitcoin and Ethereum　　Demand for Solana-focused investment products remained subdued last week.　　According to CoinGlass data, SOL exchange-traded funds (ETFs) attracted approximately $948,210 in net inflows, following $930,430 the previous week.　　While inflows remained positive, they were significantly lower than those recorded by the two largest cryptocurrencies: Bitcoin ETFs, with $75.67 million in weekly inflows, and Ethereum ETFs with $105.44 million in weekly inflows.　　The figures suggest institutional investors continue allocating capital toward more established digital assets rather than increasing exposure to Solana.　　Retail trading activity increased

07-20Industry

Senator Warren requests 2026 reporting for Trumps crypto earnings after $1.4B disclosure

Update (July 17, 11:59 pm UTC): This article has been updated to include a response from the White House.　　Senator Elizabeth Warren, one of the more outspoken voices in the US Congress associating digital assets with illicit activities, has called on President Donald Trump to release additional information on his crypto investments ahead of a mandated deadline.　　In a Thursday letter, Warren requested Trump voluntarily release a financial disclosure report on his earnings related to cryptocurrency between Jan. 1 and July 15. The request came after Trump‘s 2025 financial disclosures showed he had earned $1.4 billion from crypto-related ventures in 2025, including through his memecoin, Official Trump (TRUMP), and his family’s company World Liberty Financial.　　“Your financial disclosure raises key questions about the appropriateness of Presidents, Vice Presidents, senior administration officials, members of Congress, and their families profiting off the crypto industry, just as the US Senate debates crypto market structure legislation that has the potential to increase the value of your crypto holdings,” said Warren.　　Thursday letter from Elizabeth Warren requesting financial disclosures from Donald Trump. Source: Senate Banking Committee　　Trumps 2025 disclosure was filed on June 30 as part of a US Office of Government Ethics mandate to prevent conflicts of interest with

07-20Industry

Dutch court declares crypto platform Knaken bankrupt over missing funds

A Dutch court has declared cryptocurrency platform Knaken Cryptohandel BV and its affiliated foundation bankrupt after prosecutors said 7 million euros ($8 million) in customer assets were missing.　　The Rotterdam court issued the ruling on Thursday, saying the bankruptcy was needed to ensure an orderly settlement after Knaken blocked access to its platform and accounts.　　According to the court, the company has insufficient assets to fully repay users. The court also said customers lacked sufficient information to determine their legal position.　　The Dutch Public Prosecution Service filed the bankruptcy petition on June 30 after opening a criminal investigation into the missing funds, while the Netherlands financial crime investigation service also raided the company in late June and seized devices and assets.　　Founded in Rotterdam in 2017, Knaken went offline in early June, according to NL Times. The company does not appear in the Dutch Authority for the Financial Markets (AFM) register of authorized crypto-asset service providers.　　The AFM told Cointelegraph in early July that it had already begun taking supervisory and enforcement action against unauthorized crypto-asset service providers after the Netherlands ended its Markets in Crypto-Assets (MiCA) regulation transition period on June 30, 2025. The Dutch deadline came before the EU-wide maximum transition deadline of

07-20Industry

Hyperliquid plans to introduce decentralized prediction markets in HIP-4 upgrade

Hyperliquid said its HIP-4 upgrade, which introduced “outcome trading” to the decentralized exchange, will support permissionless deployment of the contracts in a future enhancement.　　Once live, anyone will be able to offer a prediction market on the platform, subject to templates approved by validators, Hyperliquid said on Telegram on Sunday. In the meantime, they remain under the authority of validators.　　Prediction markets, a sector dominated by Polymarket and Kalshi, allow participants to bet on event outcomes and have evolved into a multibillion-dollar sector of the blockchain industry. Users take positions on events from central bank interest-rate decisions to who performs at the Super Bowl halftime show.　　The growing popularity of the platforms — the FIFA World Cup, which wrapped up Sunday with Spain winning its third title, drew more than $50 billion in bets — has attracted centralized trading platforms like Coinbase and Robinhood into the sector to offer customers a one-stop shop for predictions markets alongside more conventional financial trading.

07-20Industry

Australian Dollar rises against Japanese Yen due to RBA-BoJ rate differential

AUD/JPY rises after two days of losses, trading around 113.60 during the European hours on Monday. The currency cross appreciates as the Australian Dollar (AUD) holds gains following the release of the interest rate decision by the People‘s Bank of China (PBOC), China’s central bank.　　PBoC announced to leave its Loan Prime Rates (LPRs) unchanged, keeping the one-year and five-year LPRs at 3.00% and 3.50%, respectively. It is important to note that Australia and China are close trading partners, so any change in the Chinese economy could impact the AUD.　　The AUD/JPY cross continues to advance, underpinned by the persistent interest rate differential between the Reserve Bank of Australia (RBA) and the Bank of Japan (BoJ). Expectations for additional RBA tightening remain muted, though escalating fuel costs could challenge this outlook. Markets currently price in roughly a 70% chance of one final rate increase by December, even as some investors project policy easing to begin next year. For now, the Australian central bank remains in a “wait-and-see” stance to gauge the impact of its previous tightening on sticky core inflation and a cooling domestic economy.　　At the same time, market participants are exercising caution over potential FX intervention by Japanese officials. Sentiment was

07-20Industry

British Pound: Outperformance on yields and politics repricing – MUFG

MUFGs Lee Hardman highlights the Pound as the best performing major currency in recent weeks, supported by higher UK real yields and favourable carry conditions. Markets are reassessing UK fiscal and political risks as Andy Burnham becomes Prime Minister, with expectations of a pro-business and fiscally responsible stance. MUFG judges much good news is now priced into the Pound, limiting further upside.　　UK real yields and politics drive Pound　　“The pound has been the best performing major currency over the past couple of weeks highlighting that it remains resilient to the negative energy price shock.”　　“We have found that pound has been supported by a jump in UK real yields which has made it relatively more attractive and provided adequate compensation for the pick-up in UK political risks.”　　“The higher yields on offer in the UK come at a time when financial market conditions are supportive for carry trades given FX volatility is close to year-to-date lows.”　　“At the same time, market participants have been scaling back initial concerns over fiscal and political risks in the UK related to Andy Burnham becoming prime minister.”　　“After recent strong gains, we believe that a lot of good news is now priced into the pound which should curtail further

07-20Industry

Bitcoin Whale Accumulation Surges Amid Market Stability

Something quiet is happening at the top of the Bitcoin market — and the numbers are hard to ignore. Bitcoin whale accumulationhas surged to one of its highest levels of the year, with wallets holding between 1,000 and 10,000 BTC scooping up approximately 66,700 BTC over the past 60 days as of July 19. At prices hovering around $64,500 to $64,700, that represents billions of dollars in fresh exposure — absorbed steadily, without chasing price.　　Key takeawaysWhale wallets (1,000–10,000 BTC) accumulated approximately 66,700 BTC in the 60 days ending July 19, one of the strongest buying waves of the year.Mid-sized holders (100–1,000 BTC) distributed around 77,800 BTC during the same period, providing liquidity for whale buying.Bitcoin price held stable between $64,500 and $64,700 throughout the accumulation window.Exchange reserves continued declining as more BTC moved to self-custody, reducing available sell-side supply.US spot Bitcoin ETFs returned to net inflows after an extended outflow streak, though the recovery remains modest relative to prior redemptions.　　Bitcoin Whales Are Buying Into a Flat Market　　The most striking detail about this accumulation wave is not just the size — it is the context. Large holders are not buying into a rally. They are loading up while the market stands

07-20Industry

Pi Networks PI and PUMP Rocket Daily, Bitcoin Fights For $64K: Market Watch

PUMP has stolen the show today, but PI trades closeby.　　In a deja vu moment mimicking the start of the previous business week, BTCs price dipped by over a grand as most financial markets opened.　　Most larger-cap alts have followed suit with minimal losses. ZEC, though, has dumped the most from this cohort of crypto assets, plunging by over 6%.　　BTC Fights for $64K　　Recall that last Monday began on an even more painful note. At the time, bitcoin had calmed at around $64,000 before the bears took control and drove it south to under $62,000. However, the softer-than-expected US CPI numbers for June propelled an impressive rally that drove BTC to its highest price tag in approximately three weeks at $65,600.　　Nevertheless, the cryptocurrency failed to sustain its momentum and quickly slipped back down to $62,500 on Friday. The bulls stepped up again and helped it recover to $64,000 by Saturday morning.　　The weekend was more positive, as BTC managed to climb higher and even touched $65,000 on Monday morning. History repeated itself, though, and it fell to $63,700 earlier today. It has recovered some ground, but it still trades at just below $64,000.　　Its market capitalization remains below $1.290 trillion, while its dominance over the

07-20Industry

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