Key cryptocurrencies exhibited notable market movements on July 4, 2025, signaling potential shifts influenced by evolving technical indicators. Despite a quiet stance from leadership teams, the market’s technical landscape suggests
Hong Kong has used 90% of its artificial intelligence (AI) supercomputing center at Cyberport since it opened in December, according to a report. The center is supported by a HK$3 billion (~$380 million) subsidy program to boost AI development in the region. According to reports, the scheme has seen about 20 applications, with 10 projects already approved. One of the projects, the Hong Kong Generative AI Research and Development Centre, created a multilingual transcription system and an application that looks just like ChatGPT, used by over 70% of government departments. There are also plans to build another supercomputing facility in Sandy Ridge, Northern Metropolis, to expand resources for AI startups. Cyberport presently hosts over 400 AI companies, with about 120 joining last year. The facility plays host to firms like iFlyTek, Inspur Cloud, and Baidu Apollo. Hong Kong’s utilization rate reflects China’s national AI push The 90% utilization rate of the Hong Kong AI supercomputing facility has shown a stronger demand in the broader national context of AI development. China has positioned itself as a global AI economy, snatching the second spot, just behind the United States. The Chinese government has also had multiple national plans since 2016 to prioritize AI infrastructure and funding. The move also aligns with the city’s target of achieving 15,000 petaflops of computing power by 2030, with 3,000 petaflops from the AI supercomputing center by early 2026, showing its alignment with the artificial intelligence goals of mainland China. This push also comes amid the intensifying race between China and the United States for the lead in terms of tech. To aid its push, Hong Kong has pushed about HK$2.83 billion into semiconductor research to develop technologies that are not heavily restricted by US export controls. The rapid adoption of the supercomputing center reflects Hong Kong’s role in China’s technological self-sufficiency push. The utilization rate also shows how much computing power has become important for AI development. Hong Kong’s HK$3 billion subsidy scheme directly addresses the need for local firms to access high-performance computing for developing advanced AI models. The region has also been focusing on computing resources as a part of its coordinated approach, making a HK$1 billion investment in the AI Research and Development Institute and funding for semiconductor technology. China to receive a boost in the global tech race The approach also follows the same pattern adopted in mainland China , where the government has invested more than $1 billion in domestic AI ventures, recognizing that computational resources are the foundation for innovation. The model of subsidizing 70% of computing costs also shows that governments view AI infrastructure as an important public tool that requires public investment to remain in the competitive sector. Hong Kong is also positioned as a connector between Chinese AI capabilities and international markets. It also aids Hong Kong’s strength in finance and healthcare while addressing the challenges in the local AI industry, including talent shortages similar to that of mainland China, where there are only 39,000 AI researchers compared to the United States which has 78,000. It is creating an identity as an AI hub that connects the technological ambitions of China with the rest of the global community. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
20,000 BTC moved from dormant wallets after 14 years of inactivity. Significant transaction sets a record, valued now at over $2.2 billion. Continue Reading: The Rediscovered Fortune: Millions in Bitcoin Spring Back to Life The post The Rediscovered Fortune: Millions in Bitcoin Spring Back to Life appeared first on COINTURK NEWS .
The Criminal Court in Brussels handed down three 12-year sentences to the people responsible for the abduction of the French crypto investor and educator’s wife. The entrepreneur’s crypto ventures suffered as a result. He runs educational platforms, and his YouTube channel has roughly 40,000 subscribers. The incident left the family deeply traumatized, which reportedly forced them to relocate. Backstory Of The Kidnapping Stéphane himself has described the incident on his profile on the X platform, with the story also being covered on a local news outlet. Early in the morning of December 20th, Winkel alerted the local authorities that his wife had been abducted and taken hostage right in front of their home in Forest. The police chased the perpetrators’ van and managed to stop them by taking the van used for the offence off the road, near Bruges. Apart from the prison sentences, the court also ordered the offenders to pay at least 1 million euros ($1.2 million) in damages to the affected party. The court has also stated that the original masterminds of the plot remain at large while denying the defendants’ claims that they were coerced with death threats to carry out the kidnapping. According to the original report on the incident, a minor was also involved, but this matter is being handled separately by a juvenile court. Despite the distressing experience, Winkel remains devoted to his followers and will continue to create content, but with a more cautious approach: “No more contests or wallet demonstrations, instead focusing on education, simplification, and market analysis. I will share my experience to help others avoid such situations.” A Worrying Trend Unfortunately, this is yet another example of increasingly aggressive kidnappings, or attempts at such, of prominent figures in the crypto space around the world, who maintain public profiles. As CryptoPotato reported earlier this year, a kidnapping attempt of a crypto exec was thwarted as he and his wife fought off the assailants who tried to abduct their child and young grandson. The BBC also posted a story about a cryptocurrency millionaire’s father, who was captured and held for a 5-7 million euro ($5.8M-$8.2M) ransom, and was later rescued, albeit missing a finger. A high-profile kidnapping also took place in January, where the Ledger co-founder, David Balland, and his wife were rescued after being taken hostage from their home. They were demanded to pay a 10-million euro ($11.7M) ransom. The post Crypto-Related Kidnappers in Belgium Get 12 Years in Prison appeared first on CryptoPotato .
As the price of XRP experiences notable volatility around the $2.20 mark, technical indicators suggest that a move above this level could trigger a significant rally. To this end, cryptocurrency trading expert Ali Martinez has identified the $2.38 mark as the key barrier preventing XRP from a major breakout, according to a July 4 post on X. Martinez arrived at this target by analyzing XRP’s UTXO Realized Price Distribution (URPD) chart, which shows $2.38 as the highest concentration of previously transacted XRP, representing over 2.75 billion tokens, or 4.33% of the total supply. XRP URPD chart. Source: Glassnode The URPD metric, which tracks the price levels where tokens were last moved, indicates strong resistance at $2.38, as many holders may look to sell or break even at that point. However, the analyst believes a decisive break above $2.38 could “trigger a major move” by clearing both psychological and technical resistance levels. Such a breakout would invalidate significant overhead supply and potentially usher in renewed bullish momentum. Martinez also noted strong support between $0.50 and $1.80, particularly below the $1 level. Still, the key challenge remains the $2.38 zone, which has remained untested since XRP’s all-time highs. XRP price in consolidation Meanwhile, analyst CrediBULL Crypto emphasized XRP’s potential for a breakout in a July 5 X post. He pointed out that XRP is entering its eighth consecutive month of consolidation above its previous all-time high monthly close, an important technical milestone. This sustained price action above a former resistance-turned-support area signals growing strength and maturity. Aside from being one of the only coins in this entire market with the clearest/cleanest impulsive PA (aside from $BTC ) starting at it's launch off of .50, $XRP is currently going on it's EIGHTH month of consolidation above the prior ATH monthly close. You 👏 Are 👏 Not 👏… https://t.co/sM4zJgK378 pic.twitter.com/EucpQZVaLF — CrediBULL Crypto (@CredibleCrypto) July 5, 2025 The analyst added that the ongoing consolidation, following a sharp breakout, suggests XRP may be preparing for another strong upward move. If confirmed, it could mark a new bullish impulse, further cementing XRP’s status as one of the most technically resilient digital assets. XRP price analysis At press time, XRP was trading at $2.22, down about 0.7% in the last 24 hours. On the weekly chart, the asset is up 1.44%. XRP one-week price chart. Source: Finbold Currently, XRP is slightly below its 50-day simple moving average ( SMA ) of $2.25, suggesting mild short-term weakness. However, it remains well above the 200-day SMA of $1.81, indicating a strong long-term uptrend. Featured image via Shutterstock The post XRP to ‘trigger a major move’ if this level is breached appeared first on Finbold .
Hacker Breaks into C&M Software, Steals $140M in Central Bank-Funded Money In a dramatic cyber break-in, Brazil’s central financial system has been left shaken as hackers stole 800 million reais (~$140 million) through a focused attack on C&M Software, a key service provider to the Central Bank of Brazil. Insider Credentials Sold for $2,700 According to Brazilian newspaper São Paulo, the attack began when a C&M employee exchanged their login credentials for approximately $2,700. The credentials granted the attackers entry into the systems of C&M, which link the Central Bank with domestic banks. The hackers targeted six institutions and withdrew cash from reserve accounts. One C&M employee suspected of making the breach possible through selling their access credentials has been detained by Brazilian police. $30M–$40M Cleaned via Crypto Blockchain analyst ZachXBT reported that the hackers instantly moved $30 million to $40 million to Bitcoin (BTC), Ether (ETH), and USDt (USDT). Those assets were cleaned via Latin American crypto exchanges and over-the-counter (OTC) desks. The use of crypto for laundering is pointing towards increasing overlap among traditional finance systems and blockchain-based technologies in cybercrime operations. Centralized Systems Susceptible to AI-Era Threats The breach is a wake-up call to growing fear surrounding centralized software networks . Professionals say such networks are vulnerable to insider threats, ransomware, and exploits — particularly in a world where AI tools can be leveraged by cybercriminals to help them identify and breach such networks. Shielded Technologies CEO Eran Barak explained that hackers view centralized platforms as “massive ROI targets” due to the quantity of sensitive data and money that they hold. Decentralization as a Defense Barak demonstrated that decentralized blockchain systems, such as those utilizing zero-knowledge proofs (ZKPs), provide a less appealing target in that the hackers would need to break individual wallets rather than a central database. “If you can only access one account at a time, the payoff isn’t worth the risk,” Barak said.
Hyper, currently leading the total profit rankings in the cryptocurrency market, has strategically decreased its Bitcoin (BTC) long position by approximately $9.76 million. This adjustment reflects a calculated move amid
Although bitcoin has seen its fair share of price swings this week, the stablecoin market has quietly ballooned by $2.114 billion—edging ever closer to the $260 billion milestone. USDT Leads the Charge as Stablecoins Creep Toward $260B Summit Over the last seven days, the stablecoin market has climbed 0.84%, ticking up from $253.25 billion to
About 14 million Android users are set to receive a massive $314.6 million payout from Google, after a jury declared the company wrongfully transferred customer data without permission. A jury in California has found the tech giant must pay damages for transferring data from idle Android smartphones without permission, reports Reuters. Google says it will appeal the decision, which the lawsuit claimed triggered “mandatory and unavoidable burdens shouldered by Android device users for Google’s benefit.” The jury found the data transfers violated California’s privacy laws, and the money will be handed exclusively to users in the state. According to the lawsuit, which was initiated in 2019, the company used customers’ cellular data to transfer information that was used for things like targeted advertising. In court, Google argued that the transfers were fully legal and covered by the company’s privacy policies and terms of service, and no users were harmed in any way. After the verdict was announced, Google spokesperson Jose Castaneda said the jury’s decision “misunderstands services that are critical to the security, performance, and reliability of Android devices.” Google is also facing a lawsuit on the transfers that represent customers in the rest of the country, which is set to start in the first half of next year. 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 Google Ordered To Pay $314,600,000 To Android Users After Allegedly Transferring Data Without Permission – Here’s Who Will Receive The Payout appeared first on The Daily Hodl .
JPMorgan is pioneering the integration of traditional finance (TradFi) with decentralized finance (DeFi), signaling a significant shift in institutional blockchain adoption. The bank’s recent pilot projects with Chainlink and Coinbase’s