Shiba Inu (SHIB) has recently surpassed Ethereum and Pepe in wallet concentration, raising significant concerns about market volatility and governance risks within the crypto community. The top 10 SHIB wallets
A sophisticated cyberattack on C&M Software, a technology provider for Brazil’s Central Bank, has triggered a wave of crypto laundering, with at least $40 million in stolen funds funneled into Bitcoin, Ethereum, and stablecoins. Key Takeaways: Hackers stole nearly $148 million from Brazilian banks by breaching C&M Software’s systems. At least $40 million was laundered into Bitcoin, Ethereum, and stablecoins, according to ZachXBT. Authorities froze $50 million linked to the hack, but much of the stolen crypto remains missing. Blockchain investigator ZachXBT flagged the laundering after tracing large sums moving through Latin American over-the-counter desks and exchanges. The attack stands as one of Brazil’s most significant financial breaches to date. Hackers Target C&M, Key Link to Brazil’s PIX Payment Network The hack targeted C&M, a key intermediary connecting smaller banks and fintechs to the Central Bank’s infrastructure, including PIX, the country’s widely used instant payments system. According to Brazilian authorities, hackers exploited credentials sold by João Nazareno Roque , a 48-year-old IT worker at C&M, who received the equivalent of $2,770 for his corporate login details. Local news outlet g1 Globo reported that Roque didn’t just sell his credentials; he also assisted in building a system to facilitate the theft, netting an additional payment of about $1,800. Using this inside access, hackers orchestrated a coordinated attack early on June 30, siphoning approximately 800 million reais, or nearly $148 million, from reserve accounts of six financial institutions. $140M HACK in Brazil – Insider Sold Access for Just $2.7K?! ZachXBT reports a $140M breach in Brazil, where an insider allegedly sold system access for only $2.7K. Around $30–40M was funneled into crypto via LatAm OTC desks. One of the biggest insider leaks in recent memory?… pic.twitter.com/ehMqjuQGCi — Crypto Patel (@CryptoPatel) July 4, 2025 The fraudulent transfers went undetected for nearly two and a half hours. The breach only came to light when BMP, one of the affected institutions, flagged suspicious transactions. BMP’s CEO, Carlos Benitez, said his bank alone lost roughly $73.8 million but managed to recover about $29.5 million. A Brazilian court has since frozen accounts suspected of receiving stolen funds, recovering approximately $50 million so far. However, the full scope of the laundering operation remains under investigation, with significant sums still unaccounted for. Following the incident, the Central Bank suspended parts of C&M’s access to its systems as authorities worked to contain the damage. Roque was arrested on July 3, two days after the hack, and remains in custody as the investigation continues. Officials said no retail customers suffered direct losses, as the stolen funds were limited to institutional reserve balances held at the Central Bank. Crypto Networks Emerge as Escape Route for Crimes The latest breach underscores growing fears about crypto’s role as a conduit for conventional financial crimes. Digital assets offer liquidity and a level of pseudonymity that traditional cash transactions can’t match, enabling swift movement of illicit funds at scale. Stablecoins, in particular, have drawn the attention of criminal networks. The Financial Action Task Force recently warned that stablecoins pose increasing risks when used by illicit groups, especially in the absence of coordinated global oversight. Brazil’s recent heist mirrors a series of high-profile crypto-related thefts this year, including North Korea’s record $1.46 billion ByBit hack and Chinese authorities dismantling a $136 million laundering ring that used digital currencies for cross-border money flows. Nevertheless, Brazilian officials are now working to trace the stolen funds across various blockchain networks, coordinating with international agencies to freeze assets and identify those responsible for one of the nation’s largest financial cyberattacks. The post Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH appeared first on Cryptonews .
Ethereum experienced a 2% drop due to global tensions and Fed's uncertainty. Layer-2 updates significantly reduced transaction data costs, boosting ecosystem activity. Continue Reading: Ethereum’s Price Signals Inspire Growing Confidence: Discover the Potential Ahead The post Ethereum’s Price Signals Inspire Growing Confidence: Discover the Potential Ahead appeared first on COINTURK NEWS .
More US industrial companies are venturing into the data center market, hoping to scoop up the millions of dollars attached to the industry. Firms like Gates Industrial and Generac are already expanding their sale of specialist equipment, offering backup power generators and cooling pumps for tech giants like Amazon, Alphabet, Meta, and Microsoft. North Carolina’s Honeywell — a well-known manufacturer of aerospace and automotive products, as well as residential, commercial, and industrial control systems — also targets the data center market with its hybrid cooling solutions. During the firm’s last earnings call, the company’s CEO, Vimal Kapur, said that the firm will prioritize data centers, given that the market is growing despite current market conditions. Industrial investments surge as AI boom drives data center infrastructure spending Companies like Caterpillar, Cummis, and Johnson Controls invested in the data center market in the early days of Trump’s tariffs , a time especially filled with uncertainty and market drops. Though the market conditions are uncertain, there are no signs of a material pullback in demand for data center construction. Chris Snyder, an analyst at Morgan Stanley, even acknowledged AI and data center market growth, “We’re seeing supersonic growth on the back of AI, and in general over the past three years, the price that you can get from the data center customer has been stronger than the price elsewhere.” In November 2024, Vertiv Holdings Co., a producer of cooling and power backup equipment for data centers, projected a 14% surge in its annual sales, up from the previous 11% estimate. At the start of the year, tech giant Microsoft pledged $80 billion to increase its data center capacity. According to President Trump, the Damac Group, a Dubai-based real estate developer, will also spend $20 billion to build data centers in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. According to Gartner, they expect over $400 billion will be spent on data center infrastructure this fiscal year, with hyperscalers like Microsoft driving the majority—over 75%—of the projected spending. Gates and Generac have adjusted their facilities to work on data center products In the last few months, Gates Industrial, a huge player in the automotive industry, expanded into pipe and pump design, typically used in cooling servers in data centers. Mike Haen, the vice president of global product line management at Gates, even noted that they had to customize their equipment slightly to work on the data centre products. Alongside Gates, Generac is betting on the hyperscale market to revive its share price, which has fallen 75% since its 2021 peak. The company has already invested around $130 million this year in facility upgrades to support large-scale generator production aimed at meeting hyperscaler demand. Ricardo Navarro, Generac’s data center chief, seemed optimistic about the company’s pivot to data centers, believing that the hyperscale market is “almost isolated” even during economic turmoil. Earlier, Barclays Plc analyst Julian Mitchell noted that it is difficult to predict whether manufacturers in the data center industry will see a significant rise in valuation. Still, it is equally challenging to foresee a decline, given this year’s elevated spending levels. He added that, with no clear factors likely to disrupt current momentum, it’s hard to anticipate when companies might scale back their investments. So far, the data center–driven upswing in adjacent industrial sectors has fueled robust stock performance and soaring valuations for some companies, including power corporations. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Widely followed quant analyst PlanB says that one indicator is suggesting a return to a FOMO (fear of missing out)-style bull market for Bitcoin ( BTC ). In a new video update, PlanB tells his 215,000 YouTube subscribers that the crypto king’s rising relative strength index (RSI), a momentum indicator that measures when an asset is overbought or oversold, suggests that rallies are coming over the next several months. According to the analyst, based on historical precedent, if BTC can hit an RSI of 75 on the monthly chart, a months-long “hot” FOMO bull market will follow. “We had some FOMO and disappointment last year, and that’s why this RSI average shows a little wobble here. Well, I expected [that], and actually, that’s what we’re seeing last month. It picked up the upward slope again. So I expect [BTC] to continue toward [an RSI of] 75, because if you look here in 2019, after the wobble, it returned to the former levels before the wobble. We have seen 75 RSI already three or five times, so I think we’re going to return to that level… That means if that were to happen this month in July, then July would [see BTC] end at $125,000ish… And after that, of course, I expect some really hot FOMO bull months of 80 RSI, 80+ like we’ve seen in all the bull markets. Even the lousy 2021 bull markets had five months above RSI 80. So that’s what I expect.” Source: PlanB/YouTube Bitcoin is trading for $107,992 at time of writing. 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 Hot FOMO Bull Market for Bitcoin Likely Approaching As BTC Indicator Begins To Inch Upward: PlanB appeared first on The Daily Hodl .
Corporate adoption of Bitcoin and other cryptocurrencies continues to expand, with 66 publicly traded companies now holding significant digital asset reserves. This growing trend reflects a broadening diversification strategy among
Recent discussions surrounding Bitcoin’s long-term price potential have sparked broader interest in how such gains could influence other digital assets. Strategy Chairman Michael Saylor’s ambitious forecast of Bitcoin reaching $21 million has reignited speculation within the crypto community, including what this could mean for XRP. Saylor’s $21 Million Bitcoin Forecast Speaking at the BTC Prague 2025 conference, Michael Saylor outlined a future scenario where Bitcoin could attain a valuation of $21 million within the next 21 years. His outlook is based on a combination of factors, including evolving global regulatory frameworks and increasing institutional interest in Bitcoin. Saylor emphasized that these developments could contribute to unprecedented long-term growth in the asset’s price. While his prediction focuses solely on Bitcoin, it naturally invites speculation about potential impacts on other cryptocurrencies, particularly those that tend to follow Bitcoin’s general market direction. XRP, despite operating on a different infrastructure and use case, is often influenced by the broader market trends initiated by Bitcoin. How XRP Reacts to Bitcoin Trends Historically, XRP’s price behaviour has shown a strong correlation with Bitcoin’s movements . When Bitcoin experiences sustained growth or decline, altcoins like XRP tend to reflect similar patterns, although not always at the same scale. For instance, downturns in Bitcoin typically coincide with broader market corrections, while Bitcoin’s recoveries frequently spark renewed momentum across other assets. Given this correlation, a hypothetical increase in Bitcoin’s price from its current level of approximately $107,000 to $21 million would represent a growth rate of approximately 19,526%. If XRP were to appreciate at the same relative rate, its future value could be projected accordingly. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 XRP’s Value in a $21 Million Bitcoin Scenario At the time of writing, XRP is priced at $2.22 . If XRP were to follow Bitcoin’s projected trajectory and experience a similar 19,526% increase, its future price would be approximately $431 per token. This estimate is purely theoretical and assumes a direct proportional relationship between the two assets’ price movements over the coming two decades. To illustrate the potential financial implications, an investment of $10,000 in XRP at its current price would yield approximately 4,545 tokens. If the token value reached $431, this holding would be worth over $1.95 million by 2046. However, this projection is speculative and dependent on numerous variables, including market adoption, regulation, institutional participation, and overall sentiment toward digital assets. Uncertainty in Long-Term Projections While optimistic forecasts like Saylor’s attract attention and can influence investor sentiment, it is important to recognize the uncertainty inherent in such long-term predictions. There is no assurance that Bitcoin will achieve a $21 million valuation or that XRP will appreciate in direct correlation. Market dynamics, competitive technology, legal developments, and macroeconomic factors all play a significant role in shaping outcomes in the cryptocurrency space. While theoretical calculations provide interesting insights into potential returns, they should not be mistaken for guaranteed outcomes. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Likely Price if Bitcoin Hits $21 Million As Michael Saylor Predicted appeared first on Times Tabloid .
ai16z saw a bearish divergence between the MFI and the price, followed by a wicked rejection at the range highs.
Bitcoin’s stagnation continues as the asset has made little to no attempt to move away from the $108,000 level. While most larger-cap alts have produced insignificant gains, TON and BONK have emerged as the biggest gainers on a relatively calm Sunday morning. BTC Calm at $108K It has been a quiet period for the primary cryptocurrency. In fact, the latest major price moves came about two weeks ago – on June 23 and 24 – when it dumped to $98,000 before it soared past $105,000 a day later as the Middle East war was going rampantly. Ever since then, though, the asset has been stuck in a tight trading range between $105,000 and $110,000. It tested the lower boundary on Wednesday, where the bulls stepped up and pushed it south toward the upper one. On Thursday, BTC showed signs of a breakout attempt when it spiked to a multi-week peak of $110,500, but the bears stepped up at this point and didn’t allow a surge to a new all-time high. The landscape has been somewhat unchanged since then, as bitcoin quickly returned to $108,000 and has not moved from that level for a few days. Its market capitalization stands strong at $2.150 trillion, while its dominance over the alts is at over 63% on CG. BTCUSD. Source: TradingView BONK on the Run As the graph below will demonstrate, most larger-cap alts are slightly in the green on a daily scale. Such minor increases are evident from the likes of ETH, BNB, SOL, TRX, DOGE, ADA, BCH, LINK, and XRP. In contrast, HYPE and PI have lost some traction over the past 24 hours. The biggest gainers are TON and BONK. The former has risen by over 9% and sits at $3, while the meme coin has exploded by 20% and now trades at $0.000022. The cumulative market cap of all crypto assets has remained relatively stable at $3.4 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post BONK Explodes by 20% Daily as Bitcoin (BTC) Remains Solid at $108K: Weekend Watch appeared first on CryptoPotato .
According to recent data from Farside, the US Ethereum spot ETF experienced significant capital inflows, totaling $219.1 million during the week ending July 6. This influx underscores growing investor confidence