Crypto Chaos: Ethereum Soars, CoinDCX Hacked, and More!

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Welcome to this week’s cryptocurrency market update, where we dive into a world that’s as unpredictable as a rollercoaster ride on a windy day. We missed last week’s wrap-up, but hey, who’s counting? Not us! And speaking of not reaching milestones, XRP managed to fall short of a new all-time high by just a few cents. Talk about being so close yet so far. 🤦‍♂️ Let’s see what else has been cooking in the crypto kitchen:

Top Headlines for This Week

Here’s a quick rundown of the major happenings in the crypto world this week. Buckle up, it’s going to be a bumpy ride! 🚀

Ethereum Surges Past $3,800 in Meteoric Rise

Ethereum (ETH) has been on a tear, breaking the $3,800 barrier and reaching heights not seen since January 2022. This latest surge is thanks to a mix of institutional love and clearer regulatory skies. With $2.18 billion flowing into ETFs last week and major players like Bitmine and Sharplink holding over $1 billion each in ETH, it looks like Ethereum’s DeFi ecosystem is thriving more than ever. 🌱

The Same Patterns in $44M CoinDCX Hack

On July 19, 2025, CoinDCX, an Indian crypto exchange, fell victim to a $44.2 million hack. The cyber sleuths at Cyvers traced the attack back to North Korea’s Lazarus Group, noting eerie similarities to the $234 million WazirX breach from 2024. The hackers even did some practice runs before the big heist, using Tornado Cash to wash their dirty coins. CoinDCX, however, assured users that their cold wallets were safe and offered a juicy bounty for any recovered funds. 🕵️‍♂️💰

Bitcoin Institutional Buying Continues

Institutional buyers can’t seem to get enough of Bitcoin. Michael Saylor’s Strategy made headlines again, scooping up 6,220 BTC for a cool $739.8 million. They’re also planning to raise another $2.474 billion for even more Bitcoin. Not to be outdone, Semler Scientific and Sequans Communications joined the party, adding 175 BTC and 1,264 BTC to their portfolios, respectively. And let’s not forget Block, which joined the S&P 500 with 8,584 BTC on its books. It’s a bullish time for Bitcoin, folks! 📈

Justin Sun Rings Nasdaq Bell with Tron Going Public in US

Tron’s Justin Sun had his moment in the spotlight when he rang the Nasdaq bell on July 24. Tron went public in the U.S. through a reverse merger with SRM Entertainment, rebranding as Tron Inc. with the ticker TRON. Backed by a $100 million private equity investment, this $210 million deal comes as the SEC pauses its investigation into Sun. It’s a big win for Tron, and a sign of things to come in the crypto space. 🎉

Altcoin Treasury Strategies Heat Up Crypto Market

The altcoin scene is heating up, with major players diversifying their holdings. Bit Origin Ltd kicked things off with a $500 million crypto treasury, including a $10 million Dogecoin purchase. SharpLink Gaming, meanwhile, is stacking Ethereum, amassing 360,807 ETH valued at over $652 million. The TON Foundation is raising $400 million for a Toncoin treasury, and Windtree Therapeutics is betting big on BNB with a $520 million strategy. It’s a wild west out there, and everyone’s trying to grab a piece of the pie. 🍕

  • Ethereum Block Gas Limit Rises to 45 Million: Ethereum boosted its block gas limit to 45 million, aiming to handle more transactions and ease congestion. 🚀
  • Solana DEX Volume Spikes to Record Highs: Solana’s decentralized exchanges hit a two-month high with $6 billion in volume. 📊
  • WOO X Hacked For $14 Million: Taiwan-based WOO X faced a $14 million hack, halting withdrawals after a phishing attack on nine user accounts. 😱
  • Global Money Supply Hits New High: The global M2 money supply soared over $110 trillion, with analysts predicting Bitcoin could surge to $170,000. 💸

Buzz of the Week

The PUMP token, native to the Solana-based memecoin launchpad Pump.Fun, took a nosedive, trading below its $0.004 ICO price. After co-founder Alon Cohen announced that the much-anticipated airdrop would be delayed indefinitely, the token plummeted 42% in just seven days. Two private sale investor wallets dumped 1.25 billion PUMP tokens, losing $1.19 million in the process. The community is understandably frustrated, and this sell-off highlights the risks of investing in speculative tokens. 📉

pump ico

— Jon Charbonneau 🇺🇸 (@jon_charb) July 15, 2025

Despite some die-hard supporters doubling down, the lack of a clear airdrop timeline has shaken retail confidence. It’s a reminder that in the world of memecoins, hype can only take you so far. 🚨

Top Gainers and Losers This Week

What to Expect for Next Week?

As we head into the final week of July 2025, all eyes are on the Federal Open Market Committee (FOMC) meeting on July 29-30. The Fed is expected to keep the federal funds rate at 4.25%-4.50%, with a 96.3% chance of no rate cut, according to Polymarket. Despite political pressure from President Trump, analysts believe this stability could keep Bitcoin’s rally in check, potentially capping it around $125,000-$130,000. Stay tuned, because in the world of crypto, anything can happen! 🤞

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2025-07-26 23:03