BigONE hacked for $27 million, pledges full reimbursement
Seychelles-based crypto exchange BigONE has reported a security breach that resulted in a loss of approximately $27 million in the early hours of July 16.
According to the official announcement, the attack targeted the exchange’s hot wallet, resulting in losses of 120 BTC, 350 ETH, 1,800 SOL, and around 8.54 million USDT across four different networks. The exchange also lost funds in eight other cryptocurrencies, including DOGE, SHIB, and CELR.
Blockchain security firm SlowMist confirmed that this was a supply chain attack — a method where malicious code is injected into software systems to compromise production networks. SlowMist stated that the attacker altered the logic of servers responsible for account and risk management, enabling fund withdrawals. Notably, no private keys were leaked.
BigONE confirmed SlowMist’s findings, stating that the attack path had been identified and that the team is working with SlowMist to trace the hacker and follow the movement of stolen funds. The exchange has pledged to fully cover all user losses and has activated internal reserve funds to stabilize liquidity. Deposit and trading services are expected to resume within a few hours.
However, prominent on-chain investigator ZachXBT expressed no sympathy for BigONE, alleging that the exchange had previously facilitated significant volumes of illicit funds from pig butchering, romance, and investment scams.
Founded in China in 2017, BigONE reportedly handled $467.2 billion in trading volume over the past seven days, according to BitDegree data.
#BigONE #hack #security #ZachXBT #USDT #BTC #ETH #Solana #CryptoNews
🇺🇸🚨 BREAKING: Donald Trump Jr. just threw his full support behind a major [crypto](https://www.binance.com/en/register?ref=28191927) bill aimed at keeping the multi-trillion dollar crypto industry rooted in the US. 💥 Speaking on Bloomberg, he emphasized the urgent need for clear legislation to drive innovation, attract investment, and protect tax revenue. 💸
“Crypto is going to be the future of finance,” he said. “America should lead, not fall behind.” 🌎📈
Trump Jr. explained his crypto involvement began out of necessity — “We were getting debanked.”
Now, he sees the opportunity: “This industry must grow here in America. We need the innovation, the jobs, and the tax benefits.” 💼🇺🇸
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He also praised the new bill, calling it a game-changer for making the US a hub for blockchain and digital assets. 🧠🔗
Unfortunately, lawmakers failed to move it forward this week, blocking key votes during Crypto Week. ⛔
But momentum is building. 🚀
#Crypto #DonaldTrumpJr #Blockchain #Binance #CryptoNews #FutureOfFinance
❌ MYTH BUSTED: No Fed Rate Cut to 2% in July 2025
$BTC $ETH $XRP
Recent claims about the Federal Reserve cutting interest rates to 2% in July 2025 are inaccurate.
What’s Actually Happening:
As of July 16, 2025, the Fed’s target rate remains 4.25% to 4.5%.
June CPI inflation rose by 2.7%, reducing chances of an immediate rate cut.
Probability of a July 30 rate cut dropped to 2.6% from 6.2% recently.
What to Expect:
Some expect possible rate cuts starting in September 2025, depending on inflation and economic trends.
The Fed continues to monitor data closely before changing rates.
Sources:
Fox Business | New York Post | Reuters | Investopedia | Yahoo Finance
Stay informed, and always verify before trading on rumors!
#FederalReserve #InterestRates #CryptoNews #EconomicUpdate #BinanceSquare
Pudgy Penguins ( $PENGU /USDT) Outlook
Current Price: $0.0321 🐧💰
🎯 Upside Targets
1️⃣ Target 1: $0.0400 🚀
First short-term breakout target, testing resistance.
2️⃣ Target 2: $0.0500 💵💥
If momentum continues, psychological barrier at 5 cents.
3️⃣ Target 3: $0.0750 🌕❄️
Long-term moonshot target, aligned with historical spikes.
🛡️ Support Levels
🔻 Support 1: $0.0275
First retracement level, aligned with recent consolidation.
🔻 Support 2: $0.0200
Strong mid-range support, previous breakout zone.
🔻 Support 3: $0.0135
200 MA daily level—last defense line for bulls.
⚠️ DYOR (Do Your Own Research). This is not financial advice. Crypto markets are wild like a penguin sliding on ice—stay sharp! 🧊📉📈
#pengu #Write2Earn
🚨 BREAKING: Major U.S. Crypto Bills Stalled in Congress 🇺🇸💥
A major setback for U.S. crypto regulation this week as a procedural vote failed in the House of Representatives — stalling three key cryptocurrency bills. 🧾❌
By a vote of 223–196, lawmakers rejected a proposal that would have opened the floor for discussion. A retry is scheduled for midnight. 🕛
🔍 On the table:
GENIUS Act ✅ Already passed the Senate, this bill would require stablecoins to be 100% backed by USD or similar assets, with annual audits for large issuers. 📊💵
Clarity Act 🏛️ Aims to define crypto regulations clearly, setting roles for the SEC and CFTC, while protecting user funds.
A separate bill from Tom Emmer seeks to block direct issuance of CBDCs to individuals. 🚫🪙
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The vote failed after 12 Republicans (incl. Marjorie Taylor Greene & Chip Roy) opposed it. Speaker Mike Johnson noted some wanted a single, unified bill instead. ⚖️🇺🇸
#CryptoNews #Regulation #Bitcoin #Stablecoins #CBDC #Binance #DeFi #CryptoLaw
🤝 REI Network x @metyacom Partnership Announcement
We’re thrilled to announce our official partnership with #Metya — world leading web3 AI social ecosystem!🌐
This collaboration brings REI Network’s zero-fee, high-performance EVM-compatible blockchain to power Metya’s AI-driven DatingFi ecosystem — from real-time multilingual translation to secure, privacy-first matchmaking and social interactions.
With 8.5M+ users and over 1M daily actives, Metya is leading the way in SocialFi. By partnering with REI, they gain the scalability, speed, and cost-efficiency needed to expand their Web3 experience to millions more.
Together, we’re driving the future of decentralized social connection. ⚡️📱
#REINetwork #Metya #SocialFi #Web3
$TURBO has regained bullish momentum after rebounding from the $0.00524 support level. A strong 15-minute bullish candle indicates renewed buying interest, suggesting potential for further upward movement.
Quick Trade Setup:
Entry Zone: $0.00599 – $0.00609
Stop Loss: Below $0.00574
Target 1: $0.00633
Target 2: $0.00654
A decisive move above $0.00621 could trigger a swift advance toward the next resistance levels, making this setup appealing for short-term traders.
Technical indicators support the bullish outlook. The Relative Strength Index (RSI) is at 75.55, suggesting strong upward momentum. Moving Average Convergence Divergence (MACD) shows a positive value of 0.0003790, indicating bullish sentiment.
Additionally, trading volume has surged, with a 24-hour volume of approximately $231.67 million, reflecting increased market activity and investor interest.
Given these factors, TURBO appears poised for continued upward movement, especially if it maintains support above $0.00574.
#Write2Earn
$BTC Current Bitcoin Price:
* Around $117,200, down about 4.8% from its recent highs of over $122,000.
Key Observations and Technical Indicators for Today (July 16, 2025):
* Price Action: Bitcoin experienced rejection near a major volume resistance zone after breaking above $122,000. It's currently retracing.
* Support Levels:
* $115,400 (Support 1)
* $112,400 (Support 2)
* Resistance Levels:
* $119,000 (Resistance 1)
* $122,000 (Resistance 2)
🚨 BREAKING: First Bitcoin, now Ethereum is making waves! After BTC’s recent surge, analysts are closely watching ETH, predicting it could be on the verge of an unprecedented rise! 📈🔥
Experts point to growing institutional interest, network upgrades, and a bullish market sentiment as key drivers behind Ethereum’s momentum. With on-chain data flashing green and technical indicators aligning, many believe ETH could be preparing for a major breakout. 🚀💥
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Now might be the perfect time to position yourself before the next big move. Whether you’re a seasoned trader or just getting started, don’t miss this potential rally. ⚡💰
#Ethereum #ETH #CryptoNews #Bitcoin #BullRun #AltcoinSeason #Binance #CryptoTrading #Blockchain #Web3 🌐📊
there are too many opportunities in this space
in fact, the hardest part is knowing where to direct your energy
you can incentive farm, small cap hunt on-chain, day trade, HTF swing trade, DeFi farm, invest, create content, work behind the scenes for communities/projects/funds
but if you try to catch all rabbits, you'll catch none
pick the thing you're best at and triple down.
#AltcoinSeasonLoading