The global cryptocurrency market cap reduced to $3.41 trillion today, down 3.7% within 24 hours, following Bitcoin declining over 1% to $108,179, as per CoinGecko. Ethereum followed, falling 1.2% to $2,523.95. Hacking attacks, sleeping whales, and geopolitical tensions were responsible for unleashing market fear, causing massive volatility and investor anxiety globally.
14 years after, 8 dormant Bitcoin wallets with 80,009 BTC ($8.69B) sprang into action, moving 40,000 BTC ($4.35B) from 4 addresses, triggering price crash rumors, as per Lookonchain data.
Source: X
Speculation is that the mastermind behind it is Satoshi Nakamoto, although Arkham claims his wallets still hold 1.096 million BTC. Analysts cite warnings by Arthur Hayes, Ali Martinez, and Robert Kiyosaki, along with political tensions, as whale movement reasons. BTC briefly fell more than 1%, triggering sell-off anxieties, but no coins have actually reached exchanges.
Hackers stole 800 million reais ($140M) from six institutions linked to Brazil’s central bank by buying a C&M Software employee’s login for $2,700. They laundered $30–40M via BTC, ETH, and USDT through Latin American exchanges.
Centralized systems, vulnerable to AI-assisted cybercrime, remain high-value targets, experts warn. Decentralized blockchain tools like zero-knowledge proofs could reduce incentives for hackers, shifting their focus away from systems holding millions of sensitive records. Brazilian police arrested the employee involved.
Russia’s Rostec launched RUBx, a Tron-based, ruble-pegged corporate token, and RT-Pay, a blockchain payment platform. RUBx provides public trading and smart contracts, whereas the more restrictive CBDC does not, and RT-Pay facilitates round-the-clock transactions of a size greater than banking limits.
The action is intended to enhance sovereignty, stabilize Russia's economy, and assist in evading sanctions following experience with foreign reserve freezes. Contract codes will be released on GitHub and reviewed by Certik to support security and compliance with Russian law.
World Liberty Financial, which is Trump-linked, suggested on July 4 to make its $WLFI token transferable but only for early supporter tokens, not advisor or team tokens. The action is designed to enable peer-to-peer and DEX trading, broaden governance, and enlarge community ownership.
Source: X
The suggestion, made as Trump's crypto connections are questioned and the COIN Act comes under the spotlight, is asterisked: if it passes, governance is opened up; if it is vetoed, tokens remain non-transferable. The project itself raised $550M from 85,000 investors, with clear community support.
Elon Musk is poised to announce the "America Party," targeting the 80% in the middle, following a falling out with Trump over his budget-blowing "One Big Beautiful Bill." Musk's party would likely be more crypto-friendly with pro-innovation policies, more open rules, and more decentralization support, and would further drive mainstream adoption.
Short-term cryptocurrency volatility is sure to follow in the trail of political uncertainty. Focusing on swing House and Senate contests, Musk is trying to upset entrenched parties. Revolutionary or visionary, his action could reshape politics and the future of crypto.
Whale migration, breach of high profile, political upheavals, and emerging tokens dominated today's crypto news, scaring investors while highlighting blockchain resilience. Technology and regulation continue to change, meaning investors have to monitor market developments closely. From Russia's ruble coin to Musk's America Party, the future of crypto has become tied to international politics, technology, and economic uncertainty.
Disclaimer: This article is only for general information purposes and should never be used as an investment recommendation. Always do your own research before investing.
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Deepmala Upadhyay is an experienced crypto journalist, content strategist, and News writer with over 5 years of expertise in writing and the crypto industry. Holding a Bachelor's Degree in Computer Science and a deep understanding of blockchain technology and financial markets, she excels in delivering exclusive news, in-depth research blogs, and expertly crafted on-page SEO content. As a team lead and content writer at CoinGabbar, Deepmala is responsible for analyzing blockchain technologies, cryptocurrency, price movements, and the crypto market with precision and insight. Her keen ability to create well-researched, impactful content, combined with her expertise in market analysis, makes her a trusted voice in the crypto space.
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