🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Cardano (ADA) is
The European Union (EU) has sanctioned certain companies and individuals over their role in utilizing crypto and blockchain technology to undermine democracy.
dYdX’s Rewards Treasury is back in action. After nearly four months of silence, it just incinerated 24.066 million DYDX tokens. That equals roughly $15.7 million. The transaction hit Etherscan at 13:13 UTC today. So far, the burn tally sits at 123 million DYDX—about $79.42 million removed from circulation. This ritual isn’t random. It’s a core piece of dYdX’s deflationary playbook. Since March, the Rewards Treasury wallet lay quiet. No burns. No transfers. Just waiting. Now, in one decisive move, it shrinks the floating supply by another 24 million tokens. Each transaction like this tightens tokenomics. It signals conviction. And it raises eyebrows across DeFi. Key Metrics at a Glance DYDX Price: $0.6441 Market Cap: $485.3 million Circulating Supply: 753.4 million DYDX Those figures come straight from CoinMarketCap at the time of writing this line. Buybacks Fuel the Fire Burns are only half the story. Since March, the dYdX Chain has funneled $1.88 million of protocol fees into repurchasing DYDX tokens. That effort scooped up 2.87 million DYDX, now staked with network validators. Revenue → Buyback: Turns fees into token demand. Buyback → Stake: Strengthens network security. It’s a two‑step move. First, the protocol uses trading-fee revenue to fuel on‑chain buybacks. Then, instead of parking tokens in a treasury, it stakes them—locking them up to power node operations. This cycle creates a positive feedback loop: as fees rise, more tokens get bought and staked. As staking grows, network health improves. Crypto watchers are taking note. On X (formerly Twitter), @WuBlockchain flagged today’s burn as “a major deflationary milestone” that underscores dYdX’s evolving tokenomics. According to Etherscan, after nearly four months of inactivity, dYdX: Rewards Treasury burned 24.066 million DYDX tokens today at 13:13, worth approximately $15.7 million. To date, around 123 million DYDX tokens have been burned, with a total burn value of approximately $79.42… — Wu Blockchain (@WuBlockchain) July 19, 2025 Meanwhile, @esatoshiclub praised the move as “one of the most impactful tokenomic actions in the space,” lauding dYdX for “consistent, revenue-driven execution.” Why dYdX Burn Matters 1. Supply Deflation: Each burn permanently cuts circulating DYDX. 2. Network Backing: Staked tokens fortify consensus and security. 3. Market Confidence: Demonstrates disciplined treasury management. In DeFi, tokenomics can make or break a protocol. High emissions spark growth but risk price pressure. Deflationary burns counter that. By pairing burns with buyback‑and‑stake cycles, dYdX aims to deliver a sustainable model: drip‑feed rewards but remove a chunk of supply. The @dYdX Chain has used $1.88 million in protocol fees to buy back and stake 2.87 million $DYDX tokens since March. The program uses revenue to support the network by staking with validators. pic.twitter.com/S4sEgv3lgN — Satoshi Club (@esatoshiclub) July 18, 2025 DYDX’s broader vision extends beyond episodic burns. The team plans periodic reviews of protocol revenues. As trading volume ebbs and flows, so will the buyback‑and‑stake cadence. Stakeholders can expect future burns whenever fees cross certain thresholds. Critics may point out that burns alone don’t guarantee price appreciation. Demand still matters. But by locking tokens with validators, dYdX isn’t just burning; it’s building. Validators earn rewards, secure the chain, and align incentives. For now, the numbers speak loudest: 123 million tokens out of a 1 billion max supply—over 12% removed. At today’s price of $0.6441, that’s $79.4 million of market value destroyed. Whether the market bids the price up next is uncertain. But on‑chain, the deflation engine is roaring back to life. And the stage is set for the next phase of dYdX’s Layer 1 journey. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Windtree Therapeutics has announced a security purchase agreement to raise an initial $60 million to fund a crypto reserve.
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Decentralized Finance (DeFi)
The post CoinDCX Loses $44.2M in Suspected Hack, Attacker Traced from Just 1 ETH appeared first on Coinpedia Fintech News CoinDCX, one of India’s biggest crypto exchanges, has reportedly lost around $44.2 million in a suspected hack about 17 hours ago. The attacker is said to have started with just 1 ETH from Tornado Cash and later moved some of the stolen funds from Solana to Ethereum. Users note that CoinDCX has also taken down some trading pairs, canceled spot orders, and their Web3 wallet isn’t working either, leaving them with a lot of questions. Hi everyone, At @CoinDCX , we have always believed in being transparent with our community, hence I am sharing this with you directly. Today, one of our internal operational accounts – used only for liquidity provisioning on a partner exchange – was compromised due to a… pic.twitter.com/L1kZhjKAxQ — Sumit Gupta (CoinDCX) (@smtgpt) July 19, 2025 Sumit Gupta, the co-founder and CEO of CoinDCX, shared in a recent X post that the platform suffered a security breach affecting one of its internal operational accounts used for liquidity on a partner exchange. He assured users that no customer funds were impacted, and all user assets remain safe in cold wallets. The issue was caused by a server compromise, but was quickly contained by isolating the affected internal account. Since this account is separate from customer wallets, the impact was limited. He also shared that trading and INR withdrawals continue to function normally, and losses are being fully absorbed by CoinDCX’s own treasury. Sumit said their team is working with cybersecurity experts to fix the issue, recover funds, and launch a bug bounty program to improve security. He promised to keep the community updated and stressed the importance of staying transparent during incidents like this.
XRP cloud mining platforms are attracting users with promises of 100% to 800% annual returns. These schemes let users fund Bitcoin or Ethereum mining using XRP. Daily payouts start from small investments like $10. However, serious doubts surround these operations. Sustainability remains questionable. Transparency is often missing. Experts warn that these high returns might rely
The crypto market was a story of two distinct halves, one of which saw the Bitcoin price soar to multiple all-time highs. After reaching its all-time high of around $122,800, the premier cryptocurrency has succumbed to a sobering wave of bearish pressure in the past few days. This recent wave of downward pressure was precipitated by the movement of a Satoshi-era whale on Thursday, July 17. However, the Bitcoin price never seemed likely to cross the $123,000 level, and a prominent on-chain expert on X has explained why. Is The Move To $143,000 Still Possible? In a recent post on the social media platform X, Alphractal CEO & founder Joao Wedson explained why the price of BTC failed to break the $123,000 level during its rally to a new all-time high in the past week. According to the crypto expert, this seeming loss of momentum could spell danger for the market leader in the short term. Related Reading: Bitcoin Sees Long-Term Holders Sell As Short-Term Buyers Step In – Sign Of Rally Exhaustion? The rationale behind this prediction is that the $123,000 region (or more precisely, $123,370) is the second Alpha Price level for the Bitcoin price. For context, the Alpha Price is a powerful on-chain indicator that uses several key metrics to estimate where the BTC price is likely to find support or resistance. In essence, the Alpha Price is a level that the price of Bitcoin needs to breach and stay above to enter the next significant phase of the bull cycle. “It begins by calculating the market’s age in days and uses that to derive the average market cap—essentially the historical valuation baseline,” Wedson added about the indicator. As shown in the chart above, the Alpha Price indicator has multiple threshold levels, which behave like pressure regions. These thresholds reflect zones where investor sentiment is likely to shift; lower levels act as supports because investors often buy to defend their positions, while upper levels signal increased selling pressure due to profit taking. Wedson noted that the Bitcoin price failing to breach the second Alpha Price level doesn’t imply that the market top is in. However, the $123,370 region is a clear resistance zone, and the BTC price might need to face some pullback before climbing to new highs. Wedson also mentioned that the Alpha Price level will update on Saturday, July 19, as it’s dynamically adjusted based on real-time on-chain transaction flows. Nevertheless, if the Bitcoin price does break this level, a move to above $143,000 could still be on the cards. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $117,610, reflecting an over 2% decline in the past 24 hours. Related Reading: Whales? No, Newbies: Surge In New BTC Holders Fuels Market Rally—Study Featured image from iStock, chart from TradingView
Litecoin nears $110 resistance as whales accumulate and Funding Rates hit record highs.
United States Securities and Exchange Commission (SEC) Chairman Paul Atkins has indicated openness to allow crypto investments in retirement plans. This comes days after a report emerged about United States President Donald Trump’s plans to open the retirement market to other alternative investments, including digital assets, gold, and private equity. This report revealed that the initiative is expected to become a reality through a Presidential executive order as early as this week. This move would allow the diversification of investment options available within US retirement 401(k) plans, which have been primarily limited to stocks and bonds over the years. Disclosure Still Important For Crypto Inclusion In 401(k) Plans A 401(k) plan is a workplace savings plan that allows an individual to contribute a portion of their wages to individual accounts where it can be invested and withdrawn at a future date — typically after retirement. In a Bloomberg interview on Friday, July 18, Atkins signaled openness to allowing cryptocurrencies into 401(k) plans for retired Americans. However, the Commission’s leader highlighted the need for responsible disclosure and education on risks associated with investing in digital assets. Atkins said about the move: We have to do it carefully, because the private markets are a lot different from the public markets. Disclosure is key, and people need to know what they are getting into. However, we need to address it because there is a demand out there for this sort of products. If Trump does sign an executive order allowing crypto investments in American retirement plans, it would represent another one in the host of pro-crypto actions taken by the US president since taking the Oval Office in January. On Friday, Trump signed the landmark crypto bill “GENIUS” into law. This GENIUS act represents a stride in the right direction for clearer regulations for the crypto industry, as the legislation is aimed at establishing a regulatory framework for stablecoins. SEC Exploring Innovation Exception To Boost Tokenization In the interview, Atkins also mentioned that the SEC is considering setting up an innovation exemption within its regulatory framework to foster tokenization. As Bitcoinist earlier reported, this change would allow new trading techniques and support the development of a tokenized securities ecosystem. Atkins is becoming increasingly popular amongst the crypto crowd due to his pro-crypto stance, which is the stark opposite of his predecessor, Gary Gensler.