What Happened in Crypto Today? Key Market Moves and News Update

What Happened in Crypto Today: Market Trends and News Insights

The crypto space continued to trade actively today with a 24-hour volume of $203 billion. Bitcoin dominance remains at 61.7%, with Ethereum retaining 9.95% of the market. In the meantime, the Crypto Fear and Greed Index fell to 68 from yesterday's reading of 70, still reflecting a "Greed" mood among investors.

Top news today was all about political interference in Cryptocurency policy, a significant blockchain real estate achievement, and a major backend security hack at a leading exchange:

Trump Pushes to Revive Crypto Bill After Initial Congressional Block

U.S. Congress began “Crypto Week” in uncertainty as lawmakers did not clear the procedural vote to bring three significant crypto bills - Genius Act, Clarity Act, and Anti-CBDC bill to the floor for debate with a 196 -223 vote. 

Republicans such as Rep. Marjorie Taylor Greene held back the bill based on a stronger CBDC prohibition. Democrats, spearheaded by Maxine Waters, called it “Anti-Crypto Corruption Week”  and were against all major bills.

Donald Trump responded with an emergency meeting with 11 influential GOP legislators and Speaker Mike Johnson with the aim of reviving the legislative push. Trump's direct intervention indicates that cryptocurrencies could become an even larger political priority in the future.

Source: X

Ripple to Tokenize Dubai Real Estate via Ctrl Alt Partnership

Ripple recently made public a new partnership with Ctrl Alt to put Dubai real estate on the XRP Ledger (XRPL). In collaboration with the Dubai Land Department (DLD), the project will tokenize property title deeds, and Dubai will be the first Middle East city to register real estate documents on a public blockchain.

Ripple’s Regional Director Reece Merrick called it a bold move that underscores Dubai’s commitment to smart city innovation and financial tech adoption.

Source: X 

$27M Lost in BigOne Exchange Supply Chain Hack

In a rare hack, BigOne Exchange was struck by a $27 million non-traditional wallet theft breach. Rather, SlowMist reports that attackers used a backend vulnerability in the supply chain of the platform to modify server processes involving account management and risk controls.

Though no user keys or wallets were affected, the event brings to light the increasing risk of alternative crypto attack channels and the need for backend security in exchange infrastructure.

Source: Lookonchain

SharpLink Gaming's ETH Holdings Cross $700M - What's Next?

SharpLink Gaming has become the largest institutional owner of Ethereum with holdings exceeding $700 million, even preceding the Ethereum Foundation. The firm recently put another $15.8 million into LSETH, displaying utmost confidence in ETH on a long-term basis.

Previously, SharpLink purchased 7,689 ETH on June 28 - July 4 at an average of $2,501, financed with $64 million raised through ATM financing - $37M of which was set aside for ETH purchases.

The staked ETH takes supply out of circulation, making it more scarce - something that can potentially drive prices up if purchasing continues.

Source: Lookonchain

As regulatory currents change, real-world adoption increases, and security threats shift, current news uncovers the intricate and rapidly evolving character of the landscape. Traders, investors, and developers will all need to remain vigilant in the coming days.