Summary
gm, Arkham Intelligence uncovered what they claim is the largest crypto hack in history—a previously unreported $3.5 billion Bitcoin theft from Chinese mining pool LuBian in 2020. On the regulatory front, the SEC and CFTC have launched "Project Crypto" aimed at revamping digital asset regulations, while the recently passed GENIUS Act has established legal compliance for stablecoins in the U.S. Meanwhile, corporate interest in cryptocurrencies continues to grow, with SharpLink acquiring an additional $54 million in ETH (bringing their holdings to $1.65 billion) and JP Morgan reporting Bitcoin miner profits reached their highest monthly mark since the April 2024 halving, despite mining difficulty hitting an all-time high.

News Headlines
💸 Bitcoin Miner Profits Hit Highest Monthly Mark Since April Halving

  • According to JP Morgan, Bitcoin miners earned an average of $57,400 per EH/s in daily block reward revenue in July, their highest level since the April 2024 halving, primarily driven by Bitcoin's price appreciation to $122,838.
  • Despite the improved profitability, miners continue to face challenges including rising operational costs, increased mining difficulty (up 9%), and daily revenue and gross profit per EH/s remaining 43% and 50% below pre-halving levels respectively.

🚨 Investor Loses $908K in Sophisticated Delayed Phishing Attack

  • A crypto user lost $908,551 when a scammer executed a theft 458 days after the victim unwittingly signed a malicious ERC-20 approval transaction, likely through a phishing website.
  • The scammer patiently monitored the wallet and struck only after the victim deposited over $762,397 and an additional $146,154 in July, highlighting the risks of delayed phishing attacks and the importance of regularly revoking old token approvals.

🤖 ChatGPT Agent Emerges as Powerful Tool for Crypto Trading

  • OpenAI's ChatGPT Agent is transforming crypto trading by integrating real-time data, on-chain metrics, and sentiment analysis into a streamlined workflow that automates functions like research, charting, and strategy execution.
  • While the tool can execute trades based on user-approved actions, human oversight remains essential to mitigate risks from incorrect outputs and API errors, with traders able to use natural language commands to monitor prices, analyze trends, and identify arbitrage opportunities without coding.

⚠️ 5 Shady Crypto Projects That Reached Mainstream Spotlight

  • Crypto investigator ZachXBT has exposed how questionable projects like Spacecoin, JuCoin, Weex, DWF, and Bitunix gained legitimacy through event sponsorships before collapsing amid fraud investigations, highlighting poor vetting processes at major industry events.
  • These dubious projects persist despite controversies due to speculative trading, dedicated communities, low market liquidity, and periodic hype from influencers, with novice investors advised to watch for red flags like anonymous teams and aggressive marketing.

📈 Curve Finance Introduces Solution to DeFi's Impermanent Loss Problem

  • Curve Finance founder Dr. Michael Egorov has developed Yield Basis, a protocol that uses compounding leverage to address impermanent loss, a persistent challenge that has deterred crypto holders from providing liquidity on DeFi platforms.
  • The solution maintains a 200% collateralization ratio to neutralize impermanent loss risk for liquidity providers dealing with tokenized Bitcoin and Ether, while also introducing a market-driven method for setting inflation rates and token emissions.

Market Metrics

Fundraising & VC
No fundraising data today.

Regulatory
💼 SEC Chair Advocates for Return of Crypto Businesses to US

  • SEC Chair Paul Atkins is actively encouraging cryptocurrency businesses that relocated overseas to return to the United States, supported by Treasury Secretary Scott Bessent's emphasis on establishing a strong domestic crypto market.
  • The SEC has launched 'Project Crypto' specifically aimed at revamping regulations for digital assets, indicating a significant shift in the regulatory approach to cryptocurrencies.

📜 EU's MiCA Regulation Expected to Transform Token Landscape

  • The EU's Markets in Crypto-Assets (MiCA) framework is anticipated to revitalize the struggling token ecosystem by ensuring better access to public offerings and higher quality asset structuring.
  • Regulatory clarity is expected to expose unfavorable tokenomics and prevent low-quality assets from proliferating in the market, addressing issues like insider concentration and misunderstood utility.

💰 Study Reveals Top 5 Tax-Free Crypto Jurisdictions

  • The Cayman Islands and UAE lead as premier destinations for crypto investors seeking tax benefits, offering zero taxes on crypto activities while maintaining strong regulatory frameworks.
  • Surprisingly, Germany offers a unique advantage within the EU where crypto assets held for over 12 months are completely tax-exempt, making it attractive for long-term investors.

🏠 Dubai Establishes Clear Framework for Crypto Property Purchases

  • Dubai has implemented comprehensive regulations for real estate purchases using cryptocurrency, facilitated by the Virtual Asset Regulatory Authority (VARA) and the UAE Central Bank.
  • Major developers including Damac and Emaar now accept Bitcoin, Ether, and stablecoins for property transactions, with approximately 3% of Dubai's off-plan real estate sales involving crypto payments as of early 2025.

🏦 Traditional Finance Giants Lead Blockchain Investment

  • Major financial institutions including Citigroup, JPMorgan, and Goldman Sachs have emerged as leaders in blockchain investments over the past four years, participating in 345 deals focused primarily on tokenization and payment solutions.
  • This trend indicates growing institutional acceptance of blockchain technology and its potential integration into traditional financial infrastructure.

Technical Analysis
Bitcoin - Bitcoin has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate. The price has reacted back after a false break of the rectangle formation. A significant penetration of 114242 will again give new negative signals to the currency, while a break of the opposite side of the formation will be a strong positive signal. The currency has support at points 110000 and resistance at points 120800. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. Volume balance is also negative, which weakens the currency. The currency is overall assessed as technically negative for the short term.

Ethereum - Ethereum has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency has support at points 2780 and resistance at points 3870. The currency is assessed as technically neutral for the short term.