🚨 Squarespace Hack Threatens Over 220 DeFi Protocols! 🌐

A DNS attack on Squarespace has put interfaces of around 228 DeFi projects at risk, reports Ido Ben-Natan, CEO of Blockaid.

📅 On July 11, Compound Finance and Celer Network sites redirected users to phishing pages. Attackers intercepted DNS queries to use IP addresses linked to the Inferno Drainer.

🔍 Ben-Natan points to the use of Inferno Drainer's infrastructure, including smart contracts and wallets, indicating cybercriminals are exploiting these tools to steal user funds by draining accounts after malicious transactions are signed.

⚠️ This group has been targeting DeFi vulnerabilities for a while, but their consistent infrastructure allows for tracking and identifying their attacks.

Stay vigilant and safeguard your assets! 🛡

Genesis Trading Moves 12,000 BTC to Coinbase Amid Bankruptcy

👀 Genesis Trading has transferred 12,000 BTC ($760M) to Coinbase in the past month. The company, currently in bankruptcy proceedings, still holds 33,300 BTC ($1.91B) and 118,000 ETH ($363M).

Is this another FUD for the market? 🤔

🇺🇸 US Congress Fails to Override Biden's Veto on Repealing SAB 121

🤷 On July 11, the lower house of the US Congress did not gather the necessary two-thirds majority to override the President's veto on a bill aimed at repealing SAB 121. The document essentially prohibited banks from holding digital assets on their balance sheets.

🗒 The bulletin remains in effect. 228 congressmen voted for its annulment, but 290 votes were required. If the barrier had been passed, a similar decision would have been needed from 67 out of 100 senators.

The SEC issued SAB 121 in April 2022. In February 2024, four industry organizations requested the agency to soften the document's provisions.

The likelihood of a Fed rate cut in September has soared to 98%!

The market sees this as almost certain.

The German government has sold all 50,000 BTC! 💰🤩

All bitcoins from the state's wallet were sent to centralized exchanges, OTC platforms, or market makers. The sale took 24 days.

One less scare story—the market absorbed all the "German" bitcoins without a hiccup. 💪

Now, are we waiting for the Mt. Gox client compensation sales? 🧐

🌟 You can now buy Telegram Stars with TON on Fragment.

Remember, this currency allows users to pay for digital goods and services in bots, mini-apps, and the entire Telegram ecosystem. 💎

Approximately 46% of all assets deposited from Ethereum's main layer have been moved using the Arbitrum L2 network.

As a result, Arbitrum remains the dominant L2 blockchain. 👀

Dangerous Things and VivoKey Technologies have introduced a new cryptocurrency wallet that can be implanted under the skin! 🤚

The Apex Flex wallet is a hardware device about the size of a pill. 💊

📱A mobile app serves as the interface for interacting with the device.

Transactions are conducted using NFC and RFID technologies.

The device currently costs $349. 🧐

Will China lift the ban on cryptocurrency in 2024?

This question was raised by Mike Novogratz on social media platform Twitter/X.

If this is true, and it’s second time I’ve heard in weeks, it’s a huge deal.

Meanwhile, Bitcoin has returned to the $63,000 mark. 👀🚀

🚀 Bitcoin is poised for further growth, driven by recent developments involving the Federal Reserve and Donald Trump.

Analysts have shifted focus from Mt. Gox and Germany's regulatory news to Trump's presidential candidacy and macroeconomic trends. 🧐

👀 Ben Simpson, founder of Collective Shift, suggests we're seeing a market bottom and a return to an upward trend, especially with Jerome Powell hinting at potential interest rate cuts. This optimism is reflected in the S&P 500's rise and significant inflows into Bitcoin ETFs. 📈

🤓 eToro analyst Josh Gilbert points to Trump's increasing chances of winning the presidency, with predictions soaring from 60% to a record 71% on Polymarket. He believes that this incident has positively impacted Trump's campaign, coupled with his pro-crypto stance, further boosting Bitcoin's appeal. 💰

An unknown user transferred 1000 bitcoins to a new wallet after nearly 12 years of inactivity!

These coins were acquired in September 2012 when the price was just $12.23 per BTC.🤩

At that time, 1000 bitcoins were worth around $12,000, but today their value exceeds $60 million. That's an incredible growth of 5000 times over the years! 📈💰

It's intriguing to consider what might be behind this transfer—is it a real transaction or just a movement of assets? Most likely the former, as profits need to be realized at some point. 🤔

We will never see Bitcoin below $60,000 again! - Samson Mow

Renowned crypto investor, entrepreneur, and public figure Samson Mow believes in Bitcoin's rise to a million dollars and is confident that the era when Bitcoin was below $60,000 will never return. 🤩🚀

The inflow into cryptocurrency investment products from July 6 to July 12 surged from $441 million to $1.44 billion. 💰

📈 This figure became the fifth-largest in history, according to CoinShares.

👀 This happened due to the attractive low price caused by the sale of Bitcoins by the German authorities and a shift in sentiment due to the lower-than-expected Consumer Price Index in the USA, experts believe.

Donald Trump Still Plans to Speak at Bitcoin 2024 Conference

The conference will be held in Nashville from July 25 to 27.

Previously, there was an assassination attempt on Trump, in which he was wounded in the ear. 👂🏹

📈 As the crypto market rebounds, the Fear and Greed Index has surged by 19 points in the past 24 hours, shifting into neutral territory. This indicates that the recent market panic has eased. 🧐

🔎 Expert Tracks Stolen DMM Bitcoin Assets

Since the beginning of July, over $35 million, stolen in the May hack of the cryptocurrency exchange DMM Bitcoin, has been laundered through the Cambodian online marketplace Huione Guarantee. This was highlighted by on-chain researcher ZachXBT.

How the hackers operated:

▪️They routed the stolen bitcoins through mixers.

▪️Exchanged them for Ethereum and Avalanche via the cross-chain liquidity protocol THORChain.

▪️Converted the assets to USDT, then to Tron.

▪️Finally, the assets ended up on Huione Guarantee.

🚫 One transaction amounting to $29.6 million was blocked on July 12 when the stablecoin issuer Tether blacklisted one of the hacker's Tron wallets.

💡 ZachXBT suspects that the Lazarus Group is behind this incident due to the similarity in money laundering methods and off-chain indicators.

🔗 He also shared 538 wallets involved in the exchange hack.

Trading of Spot Ethereum ETFs Expected to Begin on July 23

According to Reuters, the Securities and Exchange Commission (SEC) has informed issuers that spot Ethereum ETFs will be registered on Monday and start trading on Tuesday, July 23.💰🚀

At least three of the eight issuers have already received preliminary approval. The rest are expected to submit final documents by the end of this week.📝

All eight ETFs are anticipated to launch simultaneously.

The previous date for the launch of the Ethereum ETF was July 18. 👀

Mt.Gox Springs into Action 👀

💰 Mt.Gox has started moving its bitcoins. Two transactions were sent to two different wallets, each containing 47.229 k and 48.641 k BTC ($6 billion in total).

Amidst the FUD, the price of bitcoin dropped from $65k to $62,500. 📉

Possible Future US Vice President J.D. Vance, a candidate backed by Donald Trump, holds 6% of his investment portfolio in Bitcoin (through the Fidelity Wise Origin Bitcoin Fund, FBTC). 💪

👀 The chances of J.D. Vance becoming the US Vice President are 54% (according to the betting platform Polymarket).