Latest Crypto News: What Happened in Crypto Today?

What Happened in Crypto Today? Crypto News Highlights

The market in today's Crypto News is thrilling but also slightly fearful. Volumes are on the rise, new peaks have been reached in Bitcoin prices, but there are warnings that the market is headed for a crash. Let's see what's happening in the world of Cryptocurrency.

Market Overview: Trading at $231 Billion

The overall market experienced $196.55 billion worth of trading in the past 24 hours. Bitcoin remains the largest player with a 58.8% market share, while Ethereum comes in second at 11.3%. But the Fear and Greed Index has fallen from 70 to 67, indicating that investors remain greedy but slightly more vigilant than during last week.

Source: CoinMarketCap

Top Highlights: Crypto News Today

Robert Kiyosaki Warns: A Big Digital Currency Crash Ahead?

One of the largest finance names, Robert Kiyosaki, author of Rich Dad Poor Dad, has cautioned that a crash is likely. He thinks that bubbles in cryptocurrency, gold, and silver are ready to burst.

Kiyosaki stated, "BUBBLES are about to start BUSTING," implying that clever investors (also referred to as whales) will sell soon to book profits. If that happens, the market can fall quickly.

Bitcoin went from $103K to an all-time high of $122K and currently rests at $118K in the last month. Ethereum hit 55% gains, from $2,427 to $3,760. Even gold and silver reached new highs. Experts warn that when everything goes up too quickly, there will be a crash. This is one of today's main points in Crypto News.

Source : X

CoinDCX Hacked: $44 Million Lost, But Customer Funds Safe

One of India's largest cryptocurrency platforms, CoinDCX, reported a $44 million hack on July 19. The silver lining? The company reports that no user funds were compromised.

Co-founder Sumit Gupta explained that the funds stolen were from an internal wallet, not customer accounts. 

The company is reimbursing the full amount from its own coffers. Trading and withdrawals continue to function, though users have reported delays and glitches.

Hackers utilized Solana and Ethereum networks to transfer the stolen money. They started with over 155,830 SOL and subsequently transferred them to Wrapped Ethereum through different tools.

Source: X

White House Crypto Policy Report Coming July 22

In significant Crypto News for U.S. regulation, the White House will publish its first official digital currenncy policy report on July 22.

This report would contain regulations for digital tokens such as stablecoins, DeFi, and central bank digital currencies. It would aim to safeguard users, facilitate new enterprises, and ensure companies can engage with banks.

It could also address constructing a national digital asset reserve through seized assets. The White House states the objective is not domination but establishing a safe and equitable future of digital assets.

Source: X

Crypto News: UK to Sell £5 Billion Worth of Bitcoin

In other significant Crypto News, the U.K. intends to sell off approximately £5 billion worth of Bitcoin that has been seized to assist in a burgeoning budget crisis. The majority of this, it has resulted from criminal offenses and was seized over the years. One of the largest instances was a Ponzi scam where police raided 61,000 BTC.

To manage these assets, the U.K. is in the process of developing a secure environment in which to store and sell Bitcoin. A proposal making up to £40 million in commission available has already been released.

Source: WU Blockchain

Today's Crypto News indicates that although the market is booming, there are enormous risks in store. With threats of a crash, updates of high-profile hacks, and world governments acting quickly with regulations and sales, it is obvious that Digital Currency is at a crossroads. Stay smart, stay informed. Always keep an eye on Crypto News.