Crypto Weekly Roundup: Major Hacks, Fed Moves, ETF Push

Crypto News Roundup: ETH Surge, SEC Shakeups, Policy Changes

Check out Below, the latest updates of the cryptocurrency market, that created buzz in the last seven days, in this crypto weekly news roundup. 

Trump Fires BLS Chief, Is Powell Next?

President Trump fired the Commissioner of the BLS and welcomed Fed Governor Kugler's resignation, calling for lower interest rates. In the wake of weak revisions to job data, the likelihood of a September rate cut by the Fed spiked to more than 80%. Trump's pressure on Fed Chairman Powell is growing, yet Powell is holding strong. 

Project Crypto: SEC Digital Assets Reform Blueprint by Paul Atkins

At the end of 2020, Project Crypto was launched under the chairmanship of SEC Chairman Paul Atkins with the aim of revising U.S. crypto regulations to make them easier to register and foster innovation in DeFi and tokenization. The initiative involves more precise definitions of digital assets, custody changes, and “regulatory sandbox”. Since CFTC will now regulate Bitcoin and Ethereum, it will also aim to turn back the tide of the crypto brain drain and attract foreign businesses dealing with blockchain.

LuBian Attack: Largest Bitcoin Heist Uncovered by Arkham

Arkham Intelligence uncovered the 2020 LuBian Attack where hackers stole 127,426 BTC worth $3.5B at the time, now $14.5B. The attack remained unreported for years because of lax private key protection. It's now the largest Bitcoin heist ever, highlighting egregious vulnerabilities in mining pool defenses. Stolen funds remain stagnant, a big digital assets security wake-up call.

Bitcoin And ETH Crash: Arthur Hayes Warns

Arthur Hayes dumped more than $13 million in crypto, cautioning that U.S. tariffs and poor jobs numbers would push Bitcoin to $100K and Ethereum to $3K. His sell-off coincided with a market drop, including $300M worth of ETH liquidations. Hayes believes macro pressure and dwindling liquidity represent primary threats, although he is still optimistic long-term following this drop.

FOMC Meeting Leaves Rates Steady at 4.50%

The Fed held interest rates at 4.50% for the fifth time with a historic 9-2 split vote its most contentious in 30 years. Powell emphasized no cuts until inflation unequivocally declines, defying Trump's pressure. September cut possibilities decreased to 43.2%. Cryptocurrency markets remained tranquil, with Bitcoin at $118K and Ethereum at $3.8K with cautious investor sentiment.

CBOE Rule Change Seeks to Avoid SEC for Crypto ETFs

The Chicago Board Options Exchange has submitted a proposal calling on the SEC to make faster approvals of cryptocurrency ETFs. If implemented, it would eliminate the 180-day review process, allowing for speedier listings for assets such as Solana and XRP. Experts indicate that this will rewrite ETF timelines, with Solana potentially qualifying by October if the rule is adopted.

BlackRock Buys Ethereum in July 2025

BlackRock purchased $375M of Ethereum in July 2025, bringing its ETH holdings to $11.4B a 50% increase in just a month. Institutional demand is on the increase, with ETH ETFs pulling in $5.41B, and Ether is close to $4K again.  

Trump's Digital Asset Report 2025: Sweeping U.S. Policy Reforms

The Trump administration's 168-page Digital Asset Policy 2025 details significant crypto reforms, such as reporting foreign crypto accounts, more transparent SEC/CFTC regulations, and stablecoin and digital currency bank support. It's against a U.S. CBDC and excludes DeFi from stringent reporting. The objective: position America as a world crypto leader with open, innovation-supportive regulations that safeguard user rights and industry expansion.

CoinDCX Hack Update: Rahul Agarwal the Real Mastermind?

CoinDCX lost $44 million in a major hack traced to a wallet. It is possibly linked to the Lazarus Group of North Korea. Employee Rahul Agarwal was arrested after his work laptop was used, though he may have been tricked. While all user funds remain safe, the case raises fears of deeper international cybercrime and highlights the growing risks in India’s digital currency space.

Sharplink is Doubling Down on ETH

In an effort to increase its holdings in Ethereum, SharpLink Gaming acquired 108.6 million ETH through Galaxy Digital, which took advantage of the market pullback to build a treasury. This makes SharpLink the second most publicly held ETH with a deposit of more than 470,000 ETH. It is part of a wider trend of firms such as BitMine and Ethereum Foundation hoarding ETH and corporate totals of the cryptocurrency now exceed 10 billion dollars.