Category: Cryptocurrency News

As the market soars with bullish momentum, crypto theft has also seen a record-breaking performance during the first half of this year. A recent report revealed that stolen funds from services so far have surpassed the numbers from previous years. Related Reading: Crypto Relief: House Advances GENIUS, CLARITY, Anti-CBDC Bills After Narrow Vote Stolen Crypto Service Funds Hit $2B In 6 months On Thursday, Chainalysis shared its “2025 Crypto Crime Mid-Year Update,” revealing that digital assets theft this year has been “more devastating” than the entirety of 2024, with over $2.7 billion worth of funds stolen from crypto services so far. The report noted that, by the end of June, more value had been stolen year-to-date (YTD) than during the same period in 2022, the previous worst year on record, suggesting that theft from crypto services could potentially increase another 60% by year’s end. 2025’s YTD activity shows a significantly steeper trajectory into the end of the first half than any previous year, with an alarming velocity and consistency. 2022 required 214 days to hit the $2 billion mark in value stolen from services, while 2025 reached comparable theft volumes in 142 days. Additionally, 2025 is 17.27% worse than 2022 during the same six-month period, while 2023 and 2024 saw more moderate and steady accumulation patterns. The surge in the cumulative trend value from crypto services theft “paints a stark picture of 2025’s escalating threat environment.” According to the report, “If this trend continues, we could see 2025 end with more than $4.3 billion stolen from services alone.” However, it’s worth noting that the North Korean-linked $1.5 billion hack of Bybit accounts for most of the service losses. The massive breach, which is the largest crypto hack in history, signals a “broader pattern of North Korean cryptocurrency operations, which have become increasingly central to the regime’s sanctions evasion strategies.” Last year, known North Korean-related losses reached their highest number, with the value reaching $1.3 billion. Nonetheless, Bybit’s February hack surpassed it, making 2025 the worst year to date. Personal Wallet Attacks Surge Amid the shifting landscape, the report highlights that the surge in crypto thefts represents an immediate threat to participants. Notably, attackers are increasingly targeting individual users, as personal wallet incidents represent a growing share of total ecosystem theft. YTD, these compromises account for 23.35% of all stolen funds activities in 2025, with Bitcoin (BTC) theft accounting for a substantial share of stolen value. Chainalysis also found that the average loss from compromised personal BTC wallets has increased, suggesting a deliberate target on higher-value individual holdings. Moreover, the number of individual victims on non-Bitcoin and non-EVM chains, like Solana, is increasing. This suggests that Bitcoin holders experience larger losses in terms of value taken, despite being less likely to fall victim to targeted theft. Related Reading: SUI Eyes 140% Move As Price Reclaims $4 – New ATH Imminent? Within the personal wallet incidents, a violent subsection has also seen a dramatic surge this year, showing a correlation with BTC price movements and suggesting opportunistic targeting during high-value periods. The forward-looking implication is that, if the value of native assets increases, the value compromised from personal wallets will also likely rise. Per the report, theft using physical violence or coercion against individuals, also known as “wrench attacks,” could potentially hit twice the number of 2021, the next highest year on record. As of this writing, Bitcoin is trading at $119,807, a 14.8% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Australian fintech startup Block Earner has launched what it calls the first bitcoin-backed home loan, allowing Australians to use their bitcoin ( BTC) as collateral for a home deposit without selling it. The firm offers up to 50% of a property’s value as a deposit loan, secured by the borrower’s bitcoin, which is held in […]

An analyst has pointed out that the XRP Market Value to Realized Value (MVRV) Ratio has just formed a crossover that proved to be highly bullish the last time it appeared. XRP MVRV Ratio Has Broken Above Its 200-Day MA In a new post on X, analyst Ali Martinez has talked about a crossover that has recently occurred in the MVRV Ratio of XRP. The “MVRV Ratio” is a popular on-chain indicator that keeps track of the ratio between the asset’s Market Cap and Realized Cap. The Realized Cap here refers to a capitalization model that calculates the cryptocurrency’s total value by assuming that the value of each coin in circulation is equal to the price at which it was last transacted on the blockchain. This is unlike the Market Cap, which simply takes the current spot price as the same one value for all coins. Related Reading: Bitcoin Sees Influx Of New Capital: First-Time Buyers Add 140,000 BTC The last transfer of any token is likely to represent the last time it changed hands, so the price at its time can be denoted as its current cost basis. As such, the Realized Cap represents the sum of the cost basis of the entire circulating supply. One way to interpret the model is as a measure of the amount of capital that the investors as a whole have stored in the cryptocurrency. The Market Cap, on the other hand, signifies the value that the holders are carrying in the present. When the value of the MVRV Ratio is more than 1, it means the Market Cap is greater than the Realized Cap. In other words, the investors are holding more than they put in. On the other hand, the metric being under this threshold suggests the overall network is underwater. Now, here is the chart shared by Martinez that shows the trend in the XRP MVRV Ratio, as well as its 200-day moving average (MA), over the past year: As displayed in the above graph, the XRP MVRV Ratio has seen a sharp surge recently as the asset’s breakout has occurred. With this uptrend, the indicator has managed to break past its 200-day MA. In the chart, the analyst has highlighted the last time that the cryptocurrency’s MVRV Ratio and its 200-day MA showed this type of crossover. What followed back then was a significant bull run in which the coin managed to rise by around 630%. Related Reading: XRP Close Above This Level Could Send Price To $4.80, Analyst Says Given this precedence, it now remains to be seen whether the latest crossover will also prove to be a golden one for XRP. XRP Price At the time of writing, XRP is floating around $3.32, up 33% in the last seven days. Featured image from Dall-E, Santiment.net, chart from TradingView.com

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Global interest in de-dollarization has grown, but tangible progress remains limited due to political and strategic constraints. VALR co-founder Badi Sudhakaran argues that USD-based stablecoins may prove more effective than the AU initiative known as PAPSS for cross-border payments. Dollar’s Enduring Appeal Challenges De-Dollarization Efforts In recent years, the discourse surrounding de-dollarization has intensified, capturing […]

The company holds more than 280,000 ETH in its treasury. It has bought ETH worth $515M in the past nine days.

Ethereum’s recent price trajectory has caught the attention of traders and analysts, as the asset extends its bullish rally well into today. With the price currently hovering around $3,420, Ethereum has registered a daily gain of 7.7% and a weekly surge of more than 23%. The momentum follows a decisive breakout above the $3,000 level earlier this week, sparking renewed optimism across the derivatives and spot markets. The latest insights from the on-chain analytics platform CryptoQuant provide context for Ethereum’s price action, suggesting that activity on Binance is a major catalyst. Related Reading: Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst Ethereum Short Liquidations Shift Market Dynamics CryptoQuant contributor Darkfost notes that the recent uptick coincides with a structural shift in the derivatives market, particularly around short liquidations. A deeper analysis of exchange flows and taker behavior further supports the case for sustained upward movement, with indicators suggesting that Ethereum may be positioning itself to revisit previous highs. According to Darkfost, Ethereum’s current rally follows a prolonged five-month correction phase that began in December 2024. During this period, the market experienced a flush of long positions, especially on Binance, contributing to what he describes as a necessary “cleanup” in the derivatives space. This recalibration helped reset speculative positioning and laid the groundwork for the recovery observed since late April. Now, the pattern has reversed. “Short liquidations are now dominating on Binance,” Darkfost observed, emphasizing how forced exits of bearish positions are reinforcing Ethereum’s upward price momentum. Liquidation data shows multiple short squeezes in recent weeks, with volumes reaching $32 million and $35 million, respectively. This trend suggests that many traders are positioned counter to the prevailing market movement, adding fuel to the rally as they’re forced to close out positions. Darkfost also highlighted that, if this pace of short liquidations continues, Ethereum may be poised to test its all-time high. He added that ongoing inflows into spot Ethereum ETFs and increasing adoption by institutions viewing ETH as a long-term asset could further support this potential breakout. Taker Volume on Binance Hints at Bullish Continuation In a separate post, CryptoQuant analyst Crazzyblockk pointed to taker-side activity on Binance as another critical signal. The ETH Taker Buy/Sell Ratio (7-day moving average) recently crossed the 1.00 threshold, signaling stronger buy-side pressure from market participants. This shift was accompanied by a spike in price volatility, which reached 261.5, mirroring Ethereum’s latest price surge beyond $3,434. Related Reading: Ethereum Price Breaks Out: Smashes $3,400 Mark in Bullish Run Crazzyblockk noted that this pattern, rising buy-side taker volume aligned with surging volatility, has historically preceded extended price rallies. The divergence between taker long and short volumes further underlines dominant bullish sentiment. The analyst emphasized that tracking taker momentum on Binance may offer early signals for future market direction, as the Ethereum price appears highly responsive to activity on the platform. Featured image created with DALL-E, Chart from TradingView

Barstool Sports founder Dave Portnoy said he “would’ve made millions” if he had just held onto his big XRP stack.