A major security incident has occurred in the cryptocurrency world. India-based cryptocurrency exchange CoinDCX suffered a $44.2 million cyberattack approximately 17 hours ago, according to blockchain analyst ZachXBT. While the incident has not yet been officially announced to the public, CoinDCX CEO Sumit Gupta made a statement on social media. ZachXBT stated that the attacker's address was funded with 1 ETH via Tornado Cash, and that some of the stolen assets were transferred from Solana to the Ethereum network. The first sign of the attack was detected by blockchain security platform Cyvers. ZachXBT explained that the CoinDCX hot wallet used by the attacker was not publicly tagged and was identified through manual analysis of the address. Related News: JUST IN: UK Allegedly Plans to Sell $5 Billion Worth of Bitcoin - Is This the Reason for the Decline? Following the incident, CoinDCX Co-Founder and CEO Sumit Gupta confirmed the attack in a post on his official X (formerly Twitter) account. Gupta explained that an internal operational account used solely to provide liquidity at a partner exchange was compromised in a complex server breach. However, he maintained that the wallets holding customer funds were completely secure and unaffected. The CEO claimed that the attack was quickly detected and isolated, that operational accounts that were kept completely separate from customer funds were used, and that the loss was covered by CoinDCX's own treasury. *This is not investment advice. Continue Reading: An Exchange Hack Attack Shakes the Cryptocurrency World: CEO Confirms
Hundreds of thousands of Americans are now at risk of financial fraud and identity theft following a massive data breach at a substance screening firm. In a notice to the Office of the Maine Attorney General, The Alcohol & Drug Testing Service (TADTS) says a cybersecurity incident has exposed the data of 748,763 individuals. According to TADTS, an unauthorized entity gained access to its data systems and stole information provided to the firm during the screening process, which may include names, dates of birth, Social Security numbers, driver’s license numbers, government-issued IDs, bank and financial entries, credit and debit card records, usernames and passwords, email accounts and passwords, USCIS or alien registration numbers and biometric datasets. “On July 9, 2024, TADTS became aware of a potential compromise to data maintained in our systems. As soon as we discovered this activity, we immediately took steps to investigate, contain, and remediate the situation, including changing passwords, enhancing our endpoint detection protocols, and engaging experienced privacy and cybersecurity professionals to assist. We also reported this matter to federal law enforcement. Through additional investigation, we confirmed that some of our data had been downloaded by an unauthorized actor.” TADTS is a Texas-based firm that offers a nationwide network of collection sites for workplace and individual drug and alcohol screening. The firm urges impacted individuals to be on the lookout for signs of identity theft and fraud. TADTS also says that victims may get one free credit report annually from each of the three major credit reporting bureaus. For now, TADTS says that it has not received reports of identity theft and fraud related to the data breach. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post 748,763 Americans Now at Risk of Financial Fraud – Firm Says Hacker May Have Stolen Names, Social Security Numbers, Bank Records, Credit Card Details and More in Massive Data Breach appeared first on The Daily Hodl .
Several US banking associations have pushed against the issuance of a banking license to crypto custody firms, citing a need for public input in such a change in industry policy, among other reasons. This development comes as the cryptocurrency industry continues to gain more recognition in the US following a wave of encouraging policies signed by US President Donald Trump. Crypto Custody Not Fiduciary Duty, Doesn’t Warrant Bank Status: US Banks On July 17, five banking associations including the American Bankers Association (ABA), Consumer Bankers Association (CBA), National Bankers Association (NBA), America’s Credit Unions, and Independent Community Bankers of America (ICBA) submitted a joint statement to the US Office of The Comptroller of The Currency (OCC) urging intense scrutiny over recent applications to the National Bank Trust Charter by multiple crypto custody companies. In particular, the letter mentions applications by National Digital TR CO, Fidelity Digital Assets, NA, First National Digital Currency Bank, N.A., and Ripple National TR Bank , which are all seeking to obtain approval from the OCC to operate as national banks. According to the letter by the concerned banking associations, there is a lack of sufficient public information on these applications and their intended business, which would support their claims for a banking license. These US banks explain that the circulating redundant information on these applications prevents proper public scrutiny needed to make an accurate public commentary. Therefore, they nudge the OCC to release more information on the business plans of these crypto custody firms while also extending the deadlines for public discussion. Furthermore, these associations state that custody services do not qualify as a fiduciary responsibility granted by the National Bank Trust Charter under existing OCC regulations. They explain that granting a banking license to such a business would mark a significant change in OCC policy that also requires a public review period. However, the association emphasizes the need to restrict the National Bank Trust Chart to only institutions that have with fiduciary duty, stating that an approval of these applications by mere crypto custody firms results in significant policy, operational, and commercial implications for the US banking industry. The statement read: If the Applicants are successfully able to establish themselves as national trust banks that do not primarily provide fiduciary services, but instead provide traditional banking services like payments, then, as the Associations anticipated in 2021,15 other companies will follow, presenting material risk to the U.S. banking and financial system Crypto Market Overview At the time of writing, the total crypto market cap is valued at $3.82 trillion following a 1.03% decline in the past day. The premier cryptocurrency, Bitcoin, retains an unparalleled dominance with a reported market share of 61.1%. However, a recent price decline coupled with exploding altcoin surges suggests this dominance may wane in the future, with a potential altseason on the cards.
Ethereum is holding firm above the $3,500 level, a key support reclaimed last Friday, signaling renewed strength in the market. After surging over 70% since late June, ETH appears to have entered a new bullish phase driven by rising demand and institutional interest. The momentum has shifted clearly in favor of the bulls, with technical structure and price action aligning to support further upside. Related Reading: Bitcoin Miner Sales Surge To Highest Level Since April – Details Adding to the bullish outlook, CryptoQuant data shows that Ethereum open interest has reached an all-time high, pointing to growing trader activity and rising capital in ETH derivatives markets. This surge in open interest often precedes large price movements, suggesting that Ethereum could see heightened volatility and expansion in the coming days. The combination of sustained price levels, strong trend continuation, and increasing participation sets the stage for a potentially explosive move. If bulls can maintain control above $3,500, Ethereum could be gearing up for a fresh leg higher in the short term. As the market awaits confirmation, all eyes are on ETH to see whether this momentum can drive it toward new 2025 highs. The coming week could prove pivotal for Ethereum’s medium-term trend. Ethereum Open Interest Hits Record ATH Ethereum’s market setup continues to strengthen, with open interest in ETH derivatives reaching a new all-time high of $50 billion, according to CryptoQuant data shared by analyst Ted Pillows. “Buckle up and enjoy the Ethereum ride,” Pillows stated, highlighting the elevated volatility ahead as a potential springboard for aggressive price action. This level of open interest is historically significant and often signals that large players are positioning for a major move. Such a dramatic increase in capital committed to ETH futures and options suggests rising investor confidence and heightened anticipation of directional momentum. While high open interest can lead to either a sharp rally or a correction, current on-chain and macro fundamentals indicate that the market may be leaning bullish. Ethereum’s network growth remains steady, with rising active addresses, validator participation, and increased activity on Layer 2s. More importantly, the recent passage of the GENIUS Act in the US provides legal clarity for stablecoins and lays the foundation for broader crypto regulation, benefiting Ethereum directly as the base layer for DeFi and real-world asset tokenization. Related Reading: Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates ETH Breaks Out With Eyes On Key Resistance Ethereum (ETH) has confirmed a powerful breakout above the psychological $3,500 level, closing at $3,588.26 on the 3-day chart. The move follows a strong rally from late June lows, with the price now up over 70% in less than a month. Importantly, ETH has broken past all major moving averages, including the 50, 100, and 200 SMAs, signaling a shift toward bullish momentum across longer timeframes. Volume has increased significantly during this breakout, reinforcing the strength of the move. The next major resistance lies at $3,742.95, a level that previously acted as a local top earlier in the year. A successful close above this mark could open the door for a retest of the $4,000–$4,200 range. Related Reading: Satoshi-Era Bitcoin Now For Sale: Galaxy Digital Sends 1,500 BTC To Binance On the downside, $2,852.16 now serves as a key support level. This level marked previous consolidation and breakout, aligning with the confluence of former resistance and the 200-day moving average. Holding above this zone is critical to maintain the current bullish structure. Featured image from Dall-E, chart from TradingView
The UK plans to sell $7 billion worth of seized Bitcoin. A central service will manage the storage and sale of these digital assets. Continue Reading: UK Sells Seized Bitcoin Worth Billions To Address Economic Challenges The post UK Sells Seized Bitcoin Worth Billions To Address Economic Challenges appeared first on COINTURK NEWS .
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From exchanges and ETFs to sovereign treasuries and crypto billionaires, Bitcoin’s ownership map in 2025 reveals a mix of concentration and quiet decentralization.
Bitcoin’s relatively dull price actions in the past few days continued during the weekend by standing at around $118,000. Several altcoins have performed significantly better since yesterday, with LTC jumping by 13% to over $115. BTC Calms at $118K The primary cryptocurrency started its impressive ascent in the previous business week when it finally broke above the $110,000 resistance and jumped to a new all-time high at the time of $112,000. The gains continued by the end of the week, and BTC neared $119,000 for another peak. The culmination, though, took place on Monday, July 14, when the bulls took the asset to its latest ATH of over $123,000. Thus, it had added more than $15,000 in the span of just five days. A correction seemed inevitable, and bitcoin slipped to under $116,000 in the next couple of days. Nevertheless, it defended that level and recovered some ground by the end of the week. It even challenged $120,000 and $121,000, but to no avail , and now sits around $118,000 after a calm Saturday. Its market capitalization has declined to $2.344 trillion on CG, while its dominance over the alts has been further reduced to 59.4%. BTCUSD. Source: TradingView LTC on the Rise Most altcoins have also calmed over the past day. Ethereum has jumped by nearly 2% and now trades above $3,600. BNB and ADA are up by around 1%, while TRX and XRP have declined by similar percentages. SUI and LINK have jumped the most from the biggest altcoins, by up to 3%. Litecoin is the top performer from the largest 50 alts. It has added more than 13% over the past 24 hours and now trades above $115. ENA and XDC have also added double digits, while BGB and SKY have slipped by around 3%. The cumulative market cap of all crypto assets has remained at essentially the same spot as yesterday, at just under $3.950 trillion. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Litecoin Skyrockets by Double-Digits, Bitcoin Price Stalls at $118K: Weekend Watch appeared first on CryptoPotato .
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Companies increased Bitcoin reserves by $810 million, indicating sustained corporate interest. Four new firms added Bitcoin, and 17 announced plans for future investments. Continue Reading: Corporate Firms Fuel Bitcoin Surge with Massive Influx The post Corporate Firms Fuel Bitcoin Surge with Massive Influx appeared first on COINTURK NEWS .