The exploit of the GMX V1 decentralized exchange is the latest in a string of attacks targeting crypto firms and users in 2025.

GMX halts trading, token minting following $40 million exploit

On Wednesday afternoon, Bitcoin (BTC) surged to a remarkable all-time high 
(ATH) of $112,022, breaking free from its previous consolidation phase and 
lower resistance levels. Bitcoin Rally Faces Critical Test John Glover, the 
chief investment officer at crypto lending platform Ledn and a former managing 
director at Barclays Investment Bank, noted that the recent rally appears to 
be a retest of the previous all-time high set on May 22, which encountered 
selling pressure. As some investors opted to take profits, notable publicly 
traded companies, including Trump Media &amp; Technology Group and GameStop, have 
announced their intentions to purchase Bitcoin to bolster their treasuries. 
Related Reading: Analyst Predicts 50% “Moonshot” For XRP Price If This Line 
Breaks Glover emphasized that the competition among these companies to 
accumulate Bitcoin could significantly impact market dynamics, given that the 
cryptocurrency&#8217;s popularity among publicly traded companies appears to be 
growing. However, the sustainability of Bitcoin&#8217;s rally largely hinges on 
macroeconomic conditions and developments in trade negotiations. Sid Powell, 
CEO of crypto asset-management firm Maple, highlighted that any setbacks in 
trade discussions before President Donald Trump’s August 1 deadline could pose 
challenges for Bitcoin&#8217;s price movement. Conversely, if trade negotiations 
progress and inflation continues to ease, the Federal Reserve (Fed) might 
consider cutting interest rates, which could further support Bitcoin’s upward 
trajectory. Scenarios For A Potential Breakout Toward $130,000 Market expert 
Doctor Profit recently took to social media, declaring that Bitcoin&#8217;s rally is 
just beginning. He confidently stated, &#8220;THE PARTY IS NOT OVER YET,&#8221; predicting 
a potential new all-time high soon. His analysis indicates a target range of 
$120,000 to $130,000 for this cycle. According to Doctor Profit, two potential 
scenarios could pave the way for this breakout. The first involves Bitcoin 
reaching the $113,000 to $114,000 range, followed by a correction to the 
$92,000 to $93,000 level, which aligns with a major liquidity pool and the CME 
gap. A rebound from this lower range could set the stage for a rapid ascent 
toward the $120,000 mark. Related Reading: Pundit Says XRP’s Rise To $1,000 
Will Happen A Lot Sooner Than Anticipated The second, more aggressive scenario 
suggests that Bitcoin could break through the $113,000 to $114,000 barrier and 
continue its upward momentum without revisiting lower liquidity levels. In 
either case, the $113,000 to $114,000 range is critical, as the market&#8217;s 
reaction to this level will significantly influence the speed and direction of 
Bitcoin&#8217;s next leg. When writing, BTC has retraced back toward $111,422, 
attempting to make this level its new support floor for further price 
appreciation. Featured image from DALL-E, chart from TradingView.com

Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

The New Zealand government has announced it is banning crypto ATMs as part of 
its efforts to enhance anti-money laundering and counter-financing of 
terrorism measures. New Zealand Says It Is Targeting Criminals, Not Legitimate 
Businesses The New Zealand government has announced a ban on crypto ATMs to 
bolster its anti-money laundering and counter-financing of terrorism […]

New Zealand Says Crypto ATM Ban Aims to Close Money Laundering Loophole

A new analysis shows that Bitcoin (BTC) may be on the verge of a calculated 
price crash that could take it below $107,000 before igniting the next bullish 
rally. The cryptocurrency market structure currently reflects a short-term 
bearish correction within a broader bullish trend, supporting the likelihood 
of a potential surge to new all-time highs soon. Bitcoin Prepares For Final 
Dip Below $107,000 Crypto market expert, Tehi Thomas, in a recent TradingView 
post, suggested that Bitcoin’s current structure may be entering its final 
corrective phase. The analyst points to a potential price crash below the 
$107,000 level as part of a strategic play by smart money. Related Reading: 
Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target The 
analyst shared a chart showing Bitcoin forming consecutive lower highs while 
its price presses downwards. Across these highs, the market is also respecting 
a descending trendline, a pattern which often indicates short-term bearish 
pressure. Notably, this trendline appears to be serving as a potential trap 
designed to engineer a liquidity grab and discount entry. Thomas notes that 
once the key zone and sell-side liquidity area around $107,800 is taken, 
Bitcoin’s price is expected to dip into a nearby Fair Value Gap (FVG), 
extending down to the $106,500-$106,200 region. This FVG overlaps with 
critical Fibonacci levels, particularly the 0.786 retracement near $106,200, 
strengthening the confluence for a potential reversal point. Thomas has 
highlighted this $106,200 level as a high-probability buy zone, where 
institutions may re-enter the market. Notably, the analyst’s anticipated price 
correction for Bitcoin is not seen as a breakdown of structure or market 
failure, but rather a calculated liquidity grab to fill inefficiencies left 
from the previous lag. As long as the price respects the $106,000 range and 
displays bullish order flow afterward, its projected correction is expected to 
complete the accumulation phase. All-Time Highs In Sight After Key Reversal 
Following Bitcoin’s projected sweep and fill of the FVG, the cryptocurrency is 
expected to form a reversal structure that could kick off the next major 
rally. Despite the projected crash below $107,000, Thomas asserts that 
Bitcoin’s overall macro trend remains bullish. Moreover, this short-term 
pullback is considered a setup for a much larger move toward a new all-time 
high. Related Reading: Bitcoin Price To See 52% Increase To $166,000, Analyst 
Reveals Tight Timeline Thomas’s chart marks the $110,500 zone as the final 
magnet and ATH target, with a significant layer of untapped liquidity above 
it. The analyst’s thesis is that once the sell-side pressure is exhausted and 
displacement confirms the shift in direction, Bitcoin could once again regain 
bullish momentum. Furthermore, the TradingView expert has pointed out that the 
FVG near $106,200 acts as both a liquidity magnet and a springboard, set to 
launch the flagship cryptocurrency into price discovery mode once again. 
Currently, Bitcoin is trading at $108,744, meaning a potential surge to the 
projected ATH level at $110,500 will represent a 1.61% increase. Featured 
image from Pixabay, chart from Tradingview.com

Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000

BONK is facing profit-booking near $0.000026, but the pullback is likely to 
find buyers near $0.000020.

BONK news update: Will LetsBonk’s surging popularity push the altcoin above $0.000026?

Circle and OKX have partnered to streamline USDC conversions and improve 
liquidity, giving over 60 million users seamless access to USD-to-USDC swaps 
and simplifying on- and off-ramping. USDC Goes Global: Circle and OKX Simplify 
Fiat Conversions for 60 Million Users Circle Internet Group (NYSE: CRCL) and 
crypto exchange, OKX, have announced a strategic partnership to […]