Crypto Markets & On-Chain Ecosystem Developments

According to Peckshield, $5.25 million in funds were drained from Hedera's mainnet and bridged to Ethereum on July 11 in a suspected exploit. The attacker's wallet, initially seeded with 1 ETH from Tornado Cash, now holds approximately 2,360 ETH ($4.25 million) and 15.58 WBTC ($1 million). Hedera

According to Polymarket, the probability of Bitcoin reaching $70,000 by year-end rose to 79% as of July 11, up from 54% on June 26. Predictions for higher price targets also increased: the likelihood of BTC hitting $80,000 stands at 32%, while the probability of reaching $90,000

Dogecoin is testing a long-term support area while simultaneously approaching a short-term breakout level on technical charts. The convergence of these two patterns suggests DOGE may be positioned for a significant price move, though the direction depends on whether key support holds. Analysts

On July 8, Paul Grewal announced he is stepping down as Coinbase's chief legal officer, effective July 31, after six years leading the company's legal operations. Grewal took Coinbase public in 2021 and successfully defended the firm against an SEC lawsuit that was dropped with prejudice in

According to Etoday, South Korea's Gyeonggi Province announced on July 11 that it will launch a stablecoin-based proof-of-concept (PoC) project in August to explore blockchain stablecoin applications in local currency, public subsidies, and payment systems. The PoC will focus on validating three cor

According to BlockBeats, on-chain analyst Ai monitored that LAB's suspected insider address transferred 10.5 million LAB tokens to Aster on July 11, worth approximately $9.15 million at the transfer price of $0.872. This marks the address's second transfer in roughly 22 hours using the same

The quarterfinal of the 2026 World Cup presents a starkly contrasting matchup—defending champions Argentina face Switzerland, known for its ironclad defense. According to Gate’s prediction market data, the current market assigns a 58% probability to Argentina winning, a 27% chance of a draw, and a 16% chance for Switzerland victory. This probability distribution reflects the market’s clear tilt toward Argentina, but the 27% draw probability cannot be ignored—it signals respect for Switzerland’s

Ethereum entered a historically rare accumulation zone after its market value-to-realized value ratio dropped below 0.8, according to analyst Ali Charts. ETH previously reached this level in December 2018, March 2020 and June 2022, with each period occurring near a major market bottom. An MVRV ratio

Solana rebounded from a key support zone near $66 while MANIFEST's market cap recovered from $8 million to $12.47 million. Both cryptocurrencies are testing critical resistance levels that could determine their next directional moves. Buyers are defending established support zones, with SOL

According to hypeflows data, Hyperliquid's open interest in perpetual futures reached 9% of the global market share on July 11, marking an all-time high for the platform since its launch. The figure includes all centralized exchanges such as Binance, Bybit, and OKX. HTX market data shows HYPE

Hedera-based lending protocol Bonzo Lend lost approximately $9 million after an attacker manipulated the price of SAUCE tokens used as collateral, enabling the account to borrow assets far exceeding the deposited value. In a preliminary incident report published Saturday, Bonzo attributed the

BitMEX released its Q2 2026 report showing structural flaws drive funding rate splits across perpetual swap contracts. The exchange's bitcoin-margined inverse contract and USDT-margined linear counterpart averaged an annualized 3.93% funding

Empery Digital sold 1,400 Bitcoin for approximately $87.1 million since May 7, according to a July 10 filing, as the Nasdaq-listed company redirects capital toward AI infrastructure investment, debt repayment, and legal costs. The sale, executed at an average price of about $62,200 per BTC,

According to BitMEX's Q2 2026 report, structural flaws in collateral design drive persistent funding rate disparities across perpetual swap contracts. The exchange's analysis of its bitcoin-margined inverse contract (XBTUSD) versus its USDT-margined linear counterpart (XBTUSDT) showed an average

According to its July 10 disclosure, Empery Digital sold 1,400 Bitcoin for approximately $87.1 million since May 7, reducing its holdings by nearly half. The company, which launched its Bitcoin treasury strategy last July and once held over 4,000 BTC, used part of the proceeds to repay $10 million i

According to Standard Chartered's Geoffrey Kendrick, Bitcoin near $64,000 is a "screaming buy" and the firm maintained its $100,000 year-end target. Kendrick said recent concerns over MicroStrategy's Bitcoin sales should be viewed as a "communication challenge" rather than a major threat, arguing th

According to CoinDesk, the Ethereum Foundation's security team recently used AI agents to test validator node software and discovered a vulnerability in the gossipsub protocol that can be remotely triggered to crash nodes and take validators offline. The flaw has been patched and registered as

According to blockchain detective ZachXBT, an early Solana whale address linked to the genesis block initial allocation was compromised hours ago, with approximately 180,900 SOL (roughly $14.2 million) stolen and transferred to Ethereum. ZachXBT, working with on-chain investigation firm Specter

According to Farside data, US Bitcoin spot ETF accumulated net inflows of $197.4 million this week through July 11, while Ethereum spot ETF saw net inflows of $84.3 million.

Gate News bot message: Gate market data shows ETH has broken through 1,800 USDT, with a current price of 1,800.18 USDT.