A single-word reply on X from Rep. Anna Paulina Luna (R‑FL) — “Confirmed” — rocketed through the crypto markets early Wednesday, convincing a growing chorus of traders that Federal Reserve Chair Jerome Powell’s tenure is measured in days, not months. Within minutes of Luna’s affirmation that “Jerome Powell is going to be fired. Firing is imminent,” prediction‑market odds of his ouster on Polymarket leapt to 26 percent, the highest reading this year, up from 16 percent only 24 hours earlier. A White‑House‑backed search is already under way. Treasury Secretary Scott Bessent, in an on‑record Bloomberg interview, acknowledged “a formal process that’s already starting” to identify Powell’s successor, adding that “there are a lot of good candidates inside and outside the Federal Reserve.” Related Reading: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts President Donald Trump underscored the point during an impromptu press gaggle, repeating last week’s warning that “the renovations at the central bank were a fireable offense.” Those renovations — an over‑budget, $2.5 billion overhaul of the Fed’s historic Eccles Building — have become the legal pretext for dismissal, with Trump allies alleging “inefficiency” and “neglect of duty,” two of the three causes for removal spelled out in the Federal Reserve Act. Powell has asked the Fed’s inspector general to reopen its review of the project. Notably, Bill Pulte, the Federal Housing Finance Agency head and a longtime Powell critic, confirmed the rumors to his followers on X: “I heard from a very credible, bipartisan source, today, that Jerome Powell is considering resigning. This maps with both reports and also the talk in DC.” Crypto Markets Sense A Massive Bull Run The Bitcoin and crypto prices haven’t shown any reaction to the rumor yet. After piercing $123,000 on Monday, BTC is still 4.5 percent below the record high. The entire crypto market seems to be in a wait-and-see position. However, long-term, the implication could be profound for the crypto markets. “I cannot think of a more bullish catalyst for Bitcoin in the past five years than the complete and utter humiliation of Jerome Powell,” wrote macro commentator Julian Figueroa, pointing to what he called the “façade” of central‑bank independence collapsing in real time. Related Reading: Happy Ending: Crypto Hacker Returns Funds From $42 Million GMX Exploit Long‑time trader Byzantine General echoed the ambivalence: “Powell was actually a great Fed chair. But… if he resigns then it’s very likely that whoever comes next will lower rates, which is bullish for our cryptographic currencies.” Should President Trump succeed in replacing Powell with a more accommodating successor—one prepared to deliver the “three‑percentage‑point” rate cut he has publicly demanded—the Federal Reserve would likely be forced to shelve its balance‑sheet runoff precisely as Washington ramps up fresh fiscal stimulus. That synchronous pivot away from quantitative tightening would flip the liquidity regime from drain to deluge, recreating the macro backdrop that powered the crypto market’s 2020‑21 vertical ascent and positioning it for the next major bull run. At press time, the total crypto market cap stood at $3.68 trillion. Featured image created with DALL.E, chart from TradingView.com
The GENIUS Act revives with Trump's support and affects the cryptocurrency ecosystem. Market sees rapid Bitcoin price fluctuations due to anticipated legal clarity. Continue Reading: Trump Boosts Cryptocurrency Legislation with Renewed Support The post Trump Boosts Cryptocurrency Legislation with Renewed Support appeared first on COINTURK NEWS .
BigONE exchange has suffered a significant security breach, resulting in the theft of over $27 million in cryptocurrency, swiftly converted into major tokens like Bitcoin, Ethereum, TRON, and Solana. The
“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
Ctrl Alt is tokenizing Dubai's real estate title deeds with the help of Ripple’s custody tech
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