“Institutional capital can no longer ignore the returns that Bitcoin is providing,” reported the Kobeissi Letter on Tuesday. The cryptocurrency cannot be ignored because it has yielded a 90% compound annual growth rate (CAGR) over the past 13 years, which no other asset can match. Even “conservative” funds are allocating 1% of their assets under management to Bitcoin as treasury trend momentum builds, they observed. Massive Institutional Inflows Currently, there is an estimated $31 trillion in institutional AUM in the United States, Kobeissi stated. “If just 1% of US institutional capital flows into Bitcoin, this could drive another $300 billion into the asset,” they said. A further $300 billion added to Bitcoin’s $2.34 trillion market capitalization would drive prices up around 13% which would put the asset at $133,000. This figure has been widely predicted by analysts as a short-term target. “Factor in global institutional AUM, and we could see $1 trillion+ flow into Bitcoin,” they said. Another $1 trillion added to the BTC market cap would drive prices up by 70%, which would put it closer to $200,000. “Bitcoin has simply become too big to ignore.” Bitcoin’s next catalyst has arrived: Simply put, institutional capital can no longer ignore the returns that Bitcoin is providing. When an asset provides a return of 90% in one year, it can be ruled an “outlier.” However, when an asset provides a 90% CAGR for 13 years… — The Kobeissi Letter (@KobeissiLetter) July 15, 2025 All this is hypothetically achievable without any retail participation in markets. Institutions are already driving the current market rally. BlackRock , for example, has hoovered up a whopping 717,388 BTC, or 3.6% of the entire circulating supply. Meanwhile, Strategy has accumulated 601,550 BTC, 3% of the circulating supply. These two entities alone hold a whopping 6.6% of the entire Bitcoin supply, currently valued at $155 billion. As more institutional Bitcoin funds are launched, and more corporations and nation states stack the asset for their treasuries, the price can only go one way in the long term. BTC Price Outlook Bitcoin is still cooling from its July 14 all-time high and remains down 4.3% from that level. The asset was trading flat on the day at $117,850 at the time of writing, holding around support levels. It is possible that consolidation could continue for some time before the next leg up into the $130,000 range. The retreat has been caused by long-term holders taking profit , not institutions liquidating their stashes. Glassnode reported that this week saw “one of the largest BTC profit realization days this year, driven mostly by long-term holders.” The post How Bitcoin Could Hit $200K on Global Institutional Inflows Alone appeared first on CryptoPotato .
Billionaire investor Tim Draper challenges the Bitcoin-only mindset, advocating for broader innovation across the entire crypto ecosystem. With a history of backing diverse digital assets like XRP and Tezos, Draper
Bitcoin (BTC) made a major push at the beginning of the week, surpassing $123,000 and breaking a new record. While this rise had limited impact on altcoins, Ethereum (ETH) and other altcoins began to surge as profit-taking began in BTC. Ethereum Goes on the Attack! At this point, Ethereum reclaimed the $3,000 level for the first time since February 1st and reached a 5-month high of $3,150. Analytics firm Swissblock said that one of the key drivers behind Ethereum's rise is the capital rotation from Bitcoin. Analysts noted that Bitcoin's previous four bullish waves this year lasted between 15 and 30 days. They noted that the current rally has reached its 12th day, and that profit-taking may begin in BTC after that. They also noted that capital flowing out of BTC could flow into altcoins, particularly ETH, which could further boost ETH. Analysts also noted that the ETH/BTC ratio broke upwards for the first time since May, signaling a trend reversal. They noted that ETH/BTC had broken above its 200-day moving average for the first time in a year, indicating medium- to long-term upward momentum for ETH. Bullish Predictions for Ethereum Are Increasing! Pseudonymous crypto analyst Merlijn The Trader also argued that Ethereum could experience an unprecedented rally. Accordingly, the analyst claimed that ETH could follow a trajectory similar to Bitcoin's 2018-2021 market cycle. If Ethereum follows BTC's 2018-2021 cycle, it could experience a 1,100% rally. He noted that ETH's current price movements mirror those of BTC between 2028 and 2021, particularly the rates of increase and correction being identical. According to the analyst, ETH could experience the same 1,100% increase as BTC from now on. This means Ethereum could potentially rally to around $18,205. While the analyst's chart suggests a significant rally is imminent for Ethereum, it alone isn't enough to trigger a surge. Don't base your investment decisions on a single piece of data or analysis. These analyses are often fallible and are merely helpful data that has never been proven 100% accurate. *This is not investment advice. Continue Reading: First Bitcoin, Then Ethereum On the Move! Analysts Explain Their Expectations: "ETH May Be on the Verge of an Unprecedented Rise!"
The post BigONE Hacked: Hacker Steals Over $27 Million Worth of Crypto appeared first on Coinpedia Fintech News A major crypto exchange has just faced one of its worst nightmares. Singapore-based cryptocurrency exchange BigONE was hit by a stealthy supply chain attack that allowed hackers to bypass its defenses without ever needing private keys. With over $27 million in assets drained, security teams are now racing to track the stolen funds. Here’s what happened. How The Hack Happened? According to an official statement from BigONE , the attack targeted its production network, compromising key servers responsible for account management and risk control. This allowed hackers to withdraw crypto assets, even though no private keys were stolen. The total loss is estimated at over $27 million, with funds taken from multiple wallet addresses. Blockchain security firm SlowMist, which is now helping track the attacker, confirmed that the breach was the result of a supply chain attack, one of the most dangerous and stealthy forms of cyber intrusion in the crypto space. SlowMist TI Alert The exchange @BigONEexchange was exploited due to a supply chain attack and loss exceeds $27 million. The production network was compromised, and the operating logic of account and risk control related servers was modified, enabling the attacker to withdraw… pic.twitter.com/GkxlNIUs6A — SlowMist (@SlowMist_Team) July 16, 2025 This means the hacker didn’t need to steal private keys (the passwords for crypto wallets). Instead, they found a weakness in the exchange’s systems and used it to access the hot wallet directly. Suspicious Wallet Movements Detected Tracking the movement of the wallet, blockchain security firm CertiK Alert first noticed strange activity from wallet address 0xd4d…d93f. This wallet was used to move out stolen tokens linked to the BigONE exchange hack. Later, the stolen assets were sent to another wallet, 0x0a3…05f4f, which now holds around $4 million in Ethereum (ETH) and many other tokens. The hacker didn’t just take ETH. The outflows also included SHIBA INU, CelerToken, and several small altcoins. This mix of assets makes the investigation more complex. Quick Action and Compensation Plan Soon after detecting suspicious activity in the hot wallet, BigONE’s team moved fast to contain the situation. BigONE has responded by saying they will cover any losses faced by users. For the time being, the attack path has been blocked, and further losses have been prevented. The platform reassured users that their private keys remain safe and intact. They are also doing a full review to improve their system’s safety before turning everything back on. Should I withdraw from BigONE? Following the recent security breach, BigONE has temporarily paused deposits, withdrawals, and trading services. The platform is currently working to restore its systems. Once that’s complete and new safety measures are in place, withdrawals will reopen. For now, users can’t withdraw funds, but BigONE has promised that all user losses will be fully covered and that funds remain safe. What happened in the BigONE exchange hack? In July 2025, Singapore-based crypto exchange BigONE was targeted in a sophisticated supply chain attack. Hackers breached its production network, compromising key servers without needing access to private keys. Over $27 million in assets were drained from hot wallets before the attack was contained. Was BigONE exchange hacked in July 2025? Yes, BigONE suffered a major security breach in July 2025 due to a stealthy supply chain attack. Blockchain firms like SlowMist and CertiK are now helping track the stolen funds, which include Ethereum, SHIBA INU, CelerToken, and more. How did hackers bypass private keys in the BigONE hack? The attackers didn’t need to steal private keys. Instead, they exploited vulnerabilities in BigONE’s production network using a supply chain attack. This allowed them to access internal systems and authorize withdrawals directly from the hot wallet. What is a supply chain attack in crypto? A supply chain attack in crypto occurs when hackers infiltrate trusted software, infrastructure, or third-party services used by a platform. Instead of attacking the platform directly, they manipulate dependencies to gain unauthorized access, making it one of the most difficult types of hacks to detect and stop.
Can $0.39 survive the clash between bullish bets and bearish flows?
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the U.S. Senate is weaponizing bitcoin against El Salvador in a politicized attempt to sanction Bukele’s administration on alleged human rights violations. Latam Insights Encore: U.S. Senate Weaponizes Bitcoin Against
The conversation around cryptocurrency in the United States appears to be entering a new phase as key legislation gains traction in Congress. According to Bitwise Chief Investment Officer Matt Hougan, the passage of several pro-crypto bills under discussion in Washington could have lasting implications for the market. In a note to clients, Hougan emphasized the long-term structural shift underway, stating that once these bills pass, “you can’t put the genie back in the bottle.” The legislative push, dubbed “Crypto Week” by Hougan, follows a declaration by the US House of Representatives to advance three major pieces of digital currency-focused legislation. These include the GENIUS Act, which aims to establish a regulatory framework for stablecoins; the CLARITY Act, designed to regulate broader digital currency assets; and the Anti-CBDC Surveillance State Act, which would prohibit the introduction of a US central bank digital currency (CBDC). The GENIUS Act has already cleared the Senate, placing it a step closer to becoming law. Legislative Clarity Could Reduce Structural Risk in Crypto Hougan argues that regulatory clarity could play a pivotal role in reducing systemic risk across the digital asset industry. He noted that many of the high-profile failures in the digital currency space, including FTX, Terra (Luna), Celsius, and Mt. Gox, were enabled by a lack of oversight . In the absence of defined rules, offshore platforms with inadequate internal controls and auditing were able to thrive, resulting in significant losses for users. He contends that proper legislation could have prevented such failures. “If clear regulations had allowed safer versions of these services to exist in the US, many of the historical blow-ups might not have occurred,” Hougan stated. Regulatory guidelines, according to the note, could also facilitate entry for traditional financial institutions, allowing for crypto custody and services through familiar, regulated channels. That shift could improve investor confidence and potentially limit the frequency and severity of market drawdowns. Hougan also believes that the passage of these bills could diminish the likelihood of future extreme price crashes. While Bitcoin remains one of the best-performing assets over the last 15 years, its history includes multiple drawdowns exceeding 70%. Hougan argues that enhanced regulation could limit the impact of unpredictable events that trigger such volatility. Bipartisan Support and Institutional Buy-In Signal Lasting Momentum While some may question whether future administrations could reverse pro-crypto momentum, Hougan remains unconcerned. He pointed out that support for legislation like the GENIUS Act has been bipartisan, passing the Senate 68-30 with significant backing from both Democrats and Republicans. He attributes this cross-party alignment not only to generational voter interests but also to Wall Street’s growing involvement in crypto . According to Hougan, as financial institutions like BlackRock, JPMorgan, and Morgan Stanley expand their crypto operations, the likelihood of political reversal diminishes. “As a broader array of investors and firms becomes involved in crypto, it will be increasingly difficult for politicians to align against it,” he said. Should these legislative efforts succeed, Hougan concludes that crypto is positioned to transition further into the mainstream. With clearer rules, reduced risk, and rising institutional support, the digital asset market may be entering a new era of growth and maturity. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s market dominance has shown signs of potential decline as Ethereum gains traction, according to insights shared by crypto analyst Matthew Hyland on July 16. Hyland emphasized on the X
XRP buyers returned in force and took the price to $3 earlier this week, but the asset slipped below it in the following days. What’s next? Key Support levels: $2.6 Key Resistance levels: $3, $3.4 1. Buyers Rush to XRP In the past week, the buy volume has exploded, and with it, the price. XRP went from $2.3 to $3 in less than a week, which represents a 30% rally. This is the first time this cryptocurrency is challenging the $3 resistance since March. Chart by TradingView 2. Critical Resistance Under Pressure With the price just under $3, XRP is found at a junction. If it breaks this resistance, then it will have a real chance to escape much higher and even make a new all-time high. If it fails, then sellers are likely to return since that will be a sign of weakness. The next few days are critical. Chart by TradingView 3. Weekly MACD Turns Bullish In a major development, the weekly MACD turned bullish this week. This hints at a sustained rally in the future despite any pullback at the current resistance. Based on this momentum indicator, the $3 level may eventually fall to allow this cryptocurrency to expand much higher, with key targets at $3.4 and a new all-time high of $3.6. Chart by TradingView The post Ripple (XRP) Price Predictions for This Week appeared first on CryptoPotato .
U.S. spot bitcoin exchange-traded funds (ETFs) extended their winning streak to nine consecutive days on Tuesday, attracting a total of $403 million in net inflows, according to data from SoSoValue . Key Takeaways: U.S. spot Bitcoin ETFs extended their inflow streak to nine days, adding $403 million on Tuesday. Despite gains, outflows hit Grayscale’s GBTC, Fidelity’s FBTC, and Ark & 21Shares’ ARKB. Ethereum spot ETFs also recorded eight straight days of inflows, adding $192 million. Leading the charge was BlackRock’s IBIT, which alone saw $416.35 million in new money, followed by VanEck’s HODL with $19 million. Other funds such as Grayscale’s Mini Bitcoin Trust and Bitwise’s BITB also reported positive inflows for the day. Notable Outflows Hit Grayscale, Fidelity, and Ark Bitcoin Funds However, the gains were partially offset by outflows from three funds: Grayscale’s GBTC lost $41.22 million, Fidelity’s FBTC saw $23 million exit, and Ark & 21Shares’ ARKB dropped by $6.21 million. Spot bitcoin ETFs have now amassed a cumulative total of $53.07 billion in net inflows, with $4.4 billion added over the past nine trading days alone. The surge builds on a strong run that began in April, during which these funds have drawn nearly $17 billion. Ethereum spot ETFs have followed suit, marking their eighth straight day of net inflows, with $192.33 million added on Tuesday. Bitcoin currently trades at $117,373, holding steady near a key support level despite pulling back from a recent all-time high of $123,000 set earlier this week. “Bitcoin has been able to maintain a solid position at around $118K after core CPI data was lower than expected, prompting speculation that the Fed will be more likely to cut interest rates in September, potentially leading to a surge of demand for bitcoin,” said Nick Ruck, director of LVRG Research. #BTC we’re back at $116K as planned. CPI drops in an hour. IMO we’ll either see a quick liquidity grab below or hold this level and push higher. pic.twitter.com/lSkgGcB2au — Mind Over Market | by Llamito (@LlamitoCharts) July 15, 2025 Last week, US-based spot Bitcoin ETFs recorded over $1 billion in inflows for two straight days. On Friday, 11 spot Bitcoin ETF products reported combined inflows totaling $1.03 billion, following $1.17 billion the previous day. Recently, BlackRock reported earning more revenue from IBIT than from its flagship iShares Core S&P 500 ETF. 95% Approval Chance for Spot Solana, XRP ETFS As reported, Bloomberg’s senior ETF analysts have assigned a 95% chance that the SEC will approve spot ETFs for Solana, XRP, and Litecoin this year, raising their previous odds from 90% amid growing optimism for institutional crypto products. They also expect a crypto index ETF tracking multiple assets could gain approval as early as this week, signaling broader access to altcoins for traditional investors. Beyond ETFs, institutional Bitcoin demand is spreading into corporate treasuries. Japan’s Metaplanet recently bought $93 million worth of BTC , becoming the fifth-largest corporate holder with a stack exceeding 16,300 BTC. France’s The Blockchain Group and the UK’s Smarter Web Company also made new BTC treasury allocations this week, purchasing $12.5 million and $24.3 million worth of Bitcoin respectively. The post U.S. Spot Bitcoin ETFs See Ninth Straight Day of Inflows, $403M Added appeared first on Cryptonews .