The cybersecurity exploit occurred due to a &#8220;sophisticated server breach,&#8221; CoinDCX CEO and co-founder Sumit Gupta announced on Saturday.

Indian crypto exchange CoinDCX hacked, $44 million drained

The line between a central bank digital currency and a centrally-managed, 
government-regulated stablecoin is thin, critics argue.

US Lawmaker sounds alarm on GENIUS bill, says it's a CBDC Trojan Horse

Over the past week, the Bitcoin (BTC) market recorded a new all-time high at 
$123,091 on July 14. However, the premier cryptocurrency has experienced a 
slight price retracement since reaching this milestone. Interestingly, this 
fall in Bitcoin market prices has collided with a widespread gain in the 
altcoin market, with specific large-cap tokens notching up remarkable gains. 
Related Reading: Bitcoin Rally Not Over Yet? Short-Term Holder MVRV Suggests 
Further Upside 7-Day SMA Bitcoin Whale Exchange Transfers Near 12,000 BTC &#8211; 
Glassnode In an X post of July 18, prominent blockchain analytics firm 
Glassnode shares a profound on-chain insight on the Bitcoin market, stating 
that the volume of whale transfers to exchanges is presently on the rise. 
Notably, this development comes as Bitcoin experiences a moderate price 
correction after reaching a new ATH earlier last week, as previously stated. 
Glassnode explains that the 7-day simple moving average (SMA) of BTC 
transferred from whale wallets to exchanges is approaching 12,000 BTC, one of 
the highest weekly volumes recorded in 2025. Interestingly, this surge in 
transfer mirrors levels last seen in early November 2024, a period that 
preceded a popular crypto bull run. When large holders move their BTC to 
centralized exchanges, it typically suggests they are preparing to liquidate 
some or all of their positions, either to take profits or to rotate capital 
into other opportunities. However, the latter scenario seems likely, 
especially considering recent trends in the altcoin market. Amidst Bitcoin&#8217;s 
price correction, several altcoins have recorded significant price gains, 
prompting ideas that the altseason may have begun. For context, data from 
CoinMarketCap shows that the premier cryptocurrency experienced a mere 0.27% 
gain over the past week, while altcoins such as Ethereum, XRP, and Solana 
registered price surges of 19.98%, 25.98%, and 8.86%, respectively. 
Historically, this development mirrors a characteristic altseason, when other 
cryptocurrencies generally outperform Bitcoin, leading to a decline in 
Bitcoin&#8217;s market dominance. Altseasons are triggered when investors begin 
reallocating profits from BTC into higher-beta assets, seeking larger returns 
due to the lower market caps of these tokens. However, more data from 
CoinMarketCap shows the altseason index is at 36/100, indicating that while 
altcoins are beginning to gain momentum, the market has not yet fully 
transitioned into a confirmed altseason. An index value below 50 suggests that 
Bitcoin is still outperforming a majority of altcoins over 90 days. Investors 
should stay alert for a cross above 75 which would suggest a full-fledged 
altseason to be declared. Related Reading: XRP Open Interest Just Hit A Fresh 
ATH Above $10 Billion, Will Price Follow Next? Bitcoin Price Overview At the 
time of writing, Bitcoin trades at $118,377 following a 0.49% decline in the 
past day. Featured image from Pexels, chart from Tradingview

Bitcoin Whale Exchange Transfers Spike As Capital Rotation Begins — Latest Altseason Signal?

Financial analyst Taylor Kenney warns that current government monetary 
policies are accelerating a massive, hidden transfer of wealth to economic 
elites while creating a deceptive &#8220;illusion of prosperity&#8221; for the general 
public. Wealth Transfer Accelerates as Currency Devalues, Gold Advocate Warns 
Taylor Kenney of the full-service precious metals firm ITM Trading argues that 
continuous government […]

Murray Rothbard’s 1963 Text Foreshadows Modern ‘Hidden Tax’ of Inflation, Expert Claims

A popular XRP proponent recently projected a clear path for XRP to reach 
$1,000. Particularly, crypto commentator BarriC laid out a multi-stage price 
forecast that places the XRP price on a trajectory toward $1,000. The 
statement, posted on the social media platform X, follows XRP&#8217;s recent surge 
to a new all-time high for the first time since 2018. Expert Predicts Multi- 
Stage XRP Price Explosion XRP has been on an interesting price run since the 
beginning of the month, which kicked off when it broke out of its long-term 
consolidation below $2.2 on July 5. This was followed by a string of inflows 
alongside the rest of the crypto market as Bitcoin pushed to new price 
territories above $120,000. Related Reading: XRP To $13 in 40 Days? Analyst 
Predicts Explosive Final Rally However, although Bitcoin peaked at $122,800 on 
July 14 and has since entered a corrective phase below $120,000, the altcoin 
has managed to keep up its gains in the days after July 14. This detachment 
from Bitcoin’s momentum started after the SEC&#8217;s approval of ProShares’ XRP 
ETFs, which has contributed to the crypto asset&#8217;s push to a new all-time high 
of $3.65 in the past 24 hours and its market cap breaking the $200 billion 
threshold. Interestingly, XRP&#8217;s price is now trading in unknown territory, and 
the next price target for bulls is $4. BarriC&#8217;s post begins with a near-term 
target of $4 for XRP, which many bullish analysts have been watching closely 
for weeks. From there, BarriC anticipates a rapid expansion into double 
digits, forecasting a range between $10 and $20. Although the projection did 
not come with a technical analysis of XRP&#8217;s price action, the outlook that 
truly captures attention is his final projection: a “clear path” that leads 
XRP beyond the $100 mark and ultimately to a $1,000 valuation. $1,000 XRP: 
Path Or Pipe Dream? The notion of XRP reaching $1,000 has been discussed in 
the past but remains a controversial subject. To achieve a price point in the 
triple digits, its market capitalization would need to exceed $50 trillion, 
more than double the value of the most valuable public companies in the world 
combined. Central to BarriC’s prediction of a $1,000 XRP price is based on the 
belief that its utility in cross-border payments and banking infrastructure 
will drive its long-term value. A $1,000 XRP becomes realistic only when mass 
institutional adoption from banks turns transactional demand into structural 
demand. Related Reading: XRP Open Interest Just Hit A Fresh ATH Above $10 
Billion, Will Price Follow Next? On the other hand, price targets like $10 and 
$100 in the coming years are still realistic based on the current fundamentals 
of the altcoin and the XRP Ledger. The first step is a break above $4, which 
can only be possible if XRP manages to secure $3 as its new base price going 
forward. At the time of writing, XRP is trading at $3.44, up by 22% in the 
past seven days. Featured image from Pexels, chart from TradingView

XRP Analyst Sees Clear Path Beyond $100 And Toward $1,000

According to Cyvers, a hack was detected at the Indian centralized exchange 
CoinDCX, resulting in the theft of approximately $44.2 million in USDC and 
USDT from one of its operational wallets on Solana. Official Confirmation and 
Initial Exchange Response The blockchain security firm Cyvers said its system 
detected a hack into the Indian centralized exchange, […]