According to PeckShieldAlert, an exploiter connected to the GMX protocol has sent an on-chain message indicating that the stolen funds will be returned at a later time. The blockchain security firm highlighted this communication from the exploiter. For traders, this development could introduce significant volatility for the GMX token. A potential return of funds could trigger a positive price movement, while any delay or failure to follow through could lead to negative sentiment. The situation remains uncertain until the funds are actually returned.

According to @PeckShieldAlert, on-chain data reveals the Ethereum Foundation's development arm (EFDev) has been active in moving its ETH holdings. Over the past two months, it internally transferred 21,000 ETH to a related Gnosis Safe Proxy address. From this proxy, 7,000 ETH was further transferred to another address, and a separate transaction saw 1,210 ETH swapped for 3.5 million USDC. For traders, this activity, particularly the conversion of ETH to a stablecoin like USDC, can be interpreted as selling pressure or the foundation securing funds for operational expenses, potentially impacting ETH's market sentiment.

According to @PeckShieldAlert, a significant divergence is emerging in the Ethereum market, with large holders accumulating while retail investors take profits. Crypto analytics platform Santiment reports that wallets holding between 1,000 and 100,000 ETH, known as whales and sharks, have added 1.49 million ETH in the past 30 days, increasing their total supply control to 26.98%. This accumulation provides a potential price floor despite short-term headwinds, such as the $2.2 million in net outflows from U.S. spot Ethereum ETFs which recently ended a 19-day inflow streak, according to Farside Investors data. Concurrently, corporate adoption is accelerating, with SharpLink Gaming (Nasdaq: SBET) adding 9,468 ETH to its treasury and BitMine (NYSE American: BMNR) raising $250 million to designate ETH as its primary reserve asset. This growing institutional conviction in ETH as a strategic asset contrasts with its recent price struggle around the $2,400-$2,500 level, suggesting a long-term bullish outlook from major players.

According to @PeckShieldAlert, the decentralized perpetual exchange GMX has been exploited for over $42 million. The blockchain security firm reported that the stolen assets include over $10 million in legacy Frax dollar, $9.6 million in wrapped BTC (wBTC), and $5 million in the DAI stablecoin. The report indicates that $9.6 million of the stolen funds have been bridged to the Ethereum blockchain, while $32 million remains on the Arbitrum network. In response, GMX developers have issued an on-chain message offering the attacker a 10% white-hat bounty for the return of the assets. This major security breach could impact trader confidence in DeFi protocols, particularly those operating on Layer-2 solutions like Arbitrum.

According to @PeckShieldAlert, the decentralized perpetual exchange GMX has been exploited for over $42 million in various cryptocurrencies. The blockchain security firm reported that the stolen assets include over $10 million in legacy Frax Dollar, $9.6 million in wrapped BTC (wBTC), and $5 million in DAI stablecoin. The report indicates that $9.6 million of the stolen funds have been bridged to the Ethereum blockchain, while $32 million remains on the Arbitrum network where GMX operates. In response, GMX developers have publicly offered the attacker a 10% white-hat bounty for the return of the funds via an on-chain message. This incident adds to the significant losses from crypto hacks, which a CertiK report stated amounted to $2.5 billion in the first half of 2025. For traders, this exploit on a major Arbitrum-based DEX could impact sentiment around DeFi security, the GMX token, and the broader Arbitrum ecosystem.

According to @PeckShieldAlert, the PEPE memecoin is experiencing significant volatility, with price action showing both a 3.7% climb and a separate 6% slide, highlighting a wide 16.5% trading range. Despite the price swings, on-chain data from Nansen reveals bullish indicators for traders: whale wallets have increased their PEPE holdings by over 5% in the past month, accumulating over 70% of the total supply. Furthermore, the supply of PEPE on exchanges has hit a two-year low, suggesting reduced immediate selling pressure. Technical analysis points to a 'golden cross' pattern, where the 50-day moving average has surpassed the 200-day average, a signal often preceding major rallies. Key trading levels to watch are resistance near $0.0000106 and support around $0.00000965. While a descending channel and selling pressure on price spikes exist, strong whale accumulation and lower exchange supply may support a potential price bounce.

According to @PeckShieldAlert, Ethereum (ETH) is exhibiting a significant divergence between large and small investors. Data from Santiment reveals that wallets holding 1,000 to 100,000 ETH, known as whales and sharks, have accumulated 1.49 million ETH over the past 30 days, bringing their total holdings to 26.98% of the supply. This accumulation occurs as smaller, retail-driven wallets have been taking profits. In contrast, institutional sentiment shows mixed signals; while U.S. spot Ethereum ETFs recorded their first net outflow of $2.2 million after a 19-day streak, according to Farside Investors, broader data from CoinShares shows nearly $2.9 billion in year-to-date inflows into ETH investment products. Fundamentally, the network is bolstered by Robinhood's plan to build a Layer-2 on Arbitrum and over 35 million ETH now being staked. From a trading perspective, ETH has maintained crucial support around the $2,500 level, with the persistent whale accumulation potentially providing a strong price floor against short-term institutional profit-taking.

According to @PeckShieldAlert, the U.S. Department of Justice (DOJ) has initiated a civil forfeiture action to seize over $225 million in USDT linked to a 'pig butchering' scam that contributed to a Kansas bank's collapse. The DOJ complaint states that crypto exchange OKX provided crucial information that helped uncover a laundering network with approximately $3 billion in transaction volume. For traders, this large-scale seizure of USDT is significant as the funds are likely to be earmarked for a U.S. government crypto stockpile, potentially impacting stablecoin liquidity and regulatory perspectives. In parallel, the stock of SharpLink Gaming (SBET), a Nasdaq-listed firm pursuing an Ethereum (ETH) treasury strategy, plunged 70% in after-hours trading. This followed an SEC filing enabling the resale of over 58 million shares. However, BTCS CEO Charles Allen suggested this could be a strategic move, speculating that SharpLink may soon announce a major ETH purchase of up to $1 billion, which could sharply reverse the stock's trajectory. At the time of the report, ETH was trading down 4.1% at around $2,650.

According to @PeckShieldAlert, Ethereum (ETH) is facing significant price pressure, with current data showing ETHUSDT at $2,549.30 after breaking below the $2,460 support level earlier. This bearish momentum is influenced by a broader market selloff and political uncertainty in the U.S. Adding to the short-term headwinds, U.S. spot Ethereum ETFs recorded their first net outflows of $2.2 million, ending a 19-day inflow streak, as reported by Farside Investors. However, contrasting this bearish sentiment, on-chain data from Santiment reveals that whale and shark wallets have accumulated a massive 1.49 million ETH over the past 30 days. Furthermore, a new trend shows corporations like SharpLink Gaming and BitMine aggressively adding ETH to their corporate treasuries, viewing it as a primary reserve asset. This creates a clear divergence for traders, pitting short-term price weakness against strong long-term accumulation by large holders and institutions.

According to @PeckShieldAlert, significant market divergence is emerging for Ethereum (ETH), with large holders showing strong conviction despite retail profit-taking and price pressure. Crypto analytics platform Santiment reports that wallets holding between 1,000 and 100,000 ETH, known as whales and sharks, have accumulated a net total of 1.49 million ETH in the past 30 days, increasing their holdings by 3.72%. This accumulation provides a potential price floor around the key $2,500 support level. However, ETH's price fell to $2,418 on July 1 amid a broader market selloff linked to political uncertainty from a dispute between Elon Musk and Donald Trump, as cited in the report. Concurrently, institutional adoption is accelerating, with SharpLink Gaming (SBET) acquiring an additional 9,468 ETH to reach a total of 198,167 ETH, and BitMine (BMNR) raising $250 million to establish ETH as its primary treasury asset. While U.S. spot Ethereum ETFs saw minor outflows, this corporate buying signals a long-term strategic shift toward integrating ETH into company balance sheets.

According to PeckShieldAlert, the first half of 2025 has become the worst six-month period on record for crypto security, with over $2.1 billion stolen across 75 incidents. A TRM Labs report highlights that this figure surpasses the previous H1 high from 2022 by 10%. Alarmingly, North Korean-linked groups are reportedly responsible for $1.6 billion, or 70% of all stolen funds. This surge is heavily influenced by the historic $1.5 billion Bybit hack in February, attributed to North Korea, which has skewed the average hack size to $30 million. The report also notes a significant shift in attack vectors, with over 80% of losses stemming from infrastructure-level breaches like private key thefts, which are proving ten times more lucrative than traditional DeFi smart contract exploits. This trend underscores a critical security risk for traders, emphasizing the vulnerability of centralized platforms and the growing threat of nation-state cyber campaigns impacting the market.

According to @PeckShieldAlert, Ethereum (ETH) is showing signs of strength despite mixed market signals. Data from analytics platform Santiment reveals that wallets holding 1,000 to 100,000 ETH, known as whales and sharks, have accumulated a staggering 1.49 million ETH over the last 30 days. This accumulation represents a 3.72% increase in their holdings, bringing their total control to 26.98% of the entire ETH supply, contrasting with smaller retail wallets that have been taking profits. However, institutional sentiment showed a slight shift as U.S.-listed spot Ethereum ETFs recorded their first net outflows of $2.2 million, ending a 19-day inflow streak, according to data from Farside Investors. Despite this, ETH price has maintained strong support above the $2,500 level, with technical analysis suggesting a double-bottom formation and renewed momentum. A report from Etherealize further supports a bullish long-term case, positioning ETH as 'digital oil' essential for the emerging onchain global financial system.

According to the author, the dilution of cypherpunk values in crypto, exemplified by Coinbase's political engagements and Ripple's lobbying, could increase regulatory scrutiny and market volatility, potentially impacting Bitcoin (BTC) and Ethereum (ETH) prices as institutional adoption grows, as stated in the article.

According to the author, the dilution of cypherpunk values in cryptocurrency, highlighted by corporate actions like Coinbase's political sponsorships and Ripple's lobbying, could heighten regulatory scrutiny and market volatility, potentially impacting prices and adoption of BTC and ETH.

According to the author, corporate actions like Coinbase's political sponsorships and Ripple's lobbying activities are undermining crypto's original cypherpunk principles, potentially increasing regulatory scrutiny and affecting investor sentiment towards cryptocurrencies such as BTC, ETH, and XRP. The author cites Coinbase's sponsorship of a military parade and hiring of ex-DOJ staff as examples that could erode trust and lead to market volatility, while noting that events like Bitcoin ETFs bring liquidity but not ideological alignment, heightening risks for traders.

According to blockchain security firm PeckShield, a bug in Meta Pool's smart contract allowed users to freely mint mpETH tokens, leading to a $27 million exploit. Due to low liquidity on Uniswap, the attacker could only swap $25,000 worth of tokens, minimizing immediate market impact. Per DefiLlama, Meta Pool's total value locked remains $75 million, and its governance token MPDAO trades at $0.02 with minimal volume. CertiK reports that such exploits contributed to $302 million in losses during May, signaling heightened security risks for ETH-based liquid staking protocols and potential volatility in related crypto assets.

According to the author, the crypto industry's original cypherpunk values of decentralization and privacy are being diluted as companies like Coinbase engage in political activities, such as sponsoring military parades and lobbying, which could increase regulatory scrutiny and market volatility for assets like BTC and XRP (source: article). This shift away from core principles may undermine investor confidence and lead to heightened risks in the crypto market.

According to the author, the erosion of cypherpunk values in crypto, such as Coinbase's political sponsorships and Ripple's lobbying efforts, could heighten regulatory scrutiny and undermine investor confidence in decentralized assets like BTC and ETH. The author cites that this co-optation by traditional finance may increase market volatility, as seen in current price movements with BTC up 1.36% and ETH down 1.264%, potentially affecting long-term adoption and trading strategies.

According to the author, the crypto industry is losing its foundational cypherpunk principles as companies like Coinbase engage in political activities such as sponsoring military parades. This could increase regulatory scrutiny and negatively impact investor sentiment, potentially affecting BTC prices and COIN stock performance.

According to the author, the dilution of cypherpunk values in the cryptocurrency industry, such as privacy and decentralization, through corporate co-option like Coinbase's political sponsorships and Ripple's lobbying efforts, could erode investor trust and increase market volatility, potentially affecting assets like Bitcoin (BTC) and Ethereum (ETH). The author argues that this ideological betrayal, highlighted by events such as Coinbase aligning with state power, may lead to regulatory uncertainties that influence trading decisions and sentiment.