News & Research

Derivatives trading protocol GMX was exploited for around $42 million, with the attacker bridging approximately $9.6 million in crypto to Ethereum, according to PeckShield on X. GMX has proposed a 10 percent white-hat bounty to the hacker.

Ethereum-based messaging platform Status (SNT) launched a gasless layer-2 testnet on Consensys’ Linea stack, replacing transaction fees with yield from bridged assets and app activity, according to The Daily Hodl. The network aims to support games, social apps and DeFi while enhancing privacy. Mainnet is planned for Q1 2026.

According to BWEnews on X, decentralized derivatives protocol GMX may have been hacked for $40 million approximately 50 minutes ago, with an investigation currently underway.

U.S. stock markets have opened higher today. S&P500: +0.29% NASDAQ: +0.43% Dow: +0.2%

Blockchain-based open intellectual property (IP) project Story Network and iris-scan digital identity project Worldcoin will integrate World ID into Story’s IP-focused layer-1 blockchain, according to The Block. Starting in fall 2025, the partnership aims to verify human authorship, combat AI-generated IP infringement and let creators set terms for how their work is used and licensed on-chain.

Crypto exchange Bullish has partnered with the Solana Foundation to integrate Solana-based stablecoins into its trading and clearing services. According to CoinDesk, the collaboration aims to develop institutional-grade financial infrastructure, using Solana's stablecoins for custody, payments and settlements within Bullish's ecosystem.

Bitcoin cloud mining company Bitdeer joined the Russell 2000 and 3000 indexes as of June 30, according to the GlobeNewswire press release. Its self-mining hashrate rose 21% to 16.5 EH/s, and it mined 203 Bitcoin in June. The SEALMINER A3 is nearly ready for mass production.

Cryptocurrency exchange Kraken will extend its support for its tokenized U.S. stocks, xStocks, to the BNB Chain, alongside Solana, according to @cryptounfolded on X.

Japanese financial conglomerate SBI Group's APLUS now allows cardholders in Japan to convert loyalty points into small amounts of cryptocurrency, including Bitcoin (BTC), Ethereum (ETH) and XRP. Users can redeem 2,100 points for about ¥2,000 ($13) in crypto, which is deposited directly into their VC Trade accounts, CoinDesk reported.

Crypto data analytics firm Swissblock analyzed on X Ethereum's (ETH) recent performance, noting increased inflows and relative outperformance compared to Bitcoin (BTC). The firm highlighted that if ETH maintains strength over the next 72 hours, it could mark the beginning of altcoin season.