ENDENBERTH

The CoinDCX exchange was hacked and 44 million dollars were stolen

The cybersecurity vulnerability occurred due to a "sophisticated server breach," as announced on Saturday by Sumit Gupta, CEO and co-founder of CoinDCX.

The Indian cryptocurrency exchange platform CoinDCX was hacked on Friday, resulting in a loss of USD 44 million.

The hackers compromised one of CoinDCX's internal accounts used for "liquidity provisions" with another exchange platform through a server breach.

According to CoinDCX's CEO, Sumit Gupta, user funds were not affected by the attack. The CEO also stated that all customer funds remain secure and wrote:

"The incident was quickly contained by isolating the affected operational account. Since our operational accounts are separate from customer wallets, the exposure is limited solely to this specific account and is being fully absorbed by us, charged to our own treasury reserves."

"The attacker's address was funded with 1 Ether (ETH) from Tornado Cash and later transferred part of the stolen funds from Solana to Ethereum," said on-chain researcher ZachXBT.

$ETH

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🌀 XRP – Last Chapter Loading in August
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I’m not saying you shouldn’t hold XRP. I’m saying — don’t get caught thinking that the day of the decision is just a “new beginning.” It is more likely to be the end of a narrative that has been slowly appreciating.
🧠 If I were holding large amounts, I would be planning an exit on the spike — not dreaming of $10 post-verdict.
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⸻
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🚀 Ethereum Breaks into the Top 30 of Global Assets—What's Next After $416B? 🏆📊
Ethereum is at a crucial milestone following a powerful bullish advance above $3,650. This surge has made ETH one of the best performers in the crypto market cycle, increasing the excitement of investors and analysts. With the bulls in charge, many see the growth of cryptocurrencies as a sign that the long-awaited altseason is here.
Ethereum's market value of $416.17 billion places it in the top 30 of global assets by market capitalization. The price appreciation and the increase in global awareness and adoption contributed to this achievement. Technical signals remain strong, ETF inflows into the spot market are on the rise, and institutional demand is growing.
Ethereum's relative strength is attracting attention as Bitcoin consolidates after reaching all-time highs. ETH's ability to maintain momentum and reach new highs or face psychological hurdles will be determined in the coming days. Market sentiment is positive, and Ethereum's ranking among the world's major assets suggests a developing digital economy with ETH at its heart.
Ethereum Gains Global Adoption
Top analyst Ted Pillows said that Ethereum is now the 26th most valuable asset by market capitalization. Ethereum currently ranks among the financial heavyweights of the world with a market value of over $416 billion, demonstrating its legitimacy and investor interest. Pillows stated that this position could spark Ethereum FOMO as individual and institutional investors respond to the growing momentum and market structure.
This increase in value follows a significant legislative achievement.

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The Binance cryptocurrency platform has pegged savings

Without any communication, several Argentine investors woke up yesterday to the unpleasant news of seeing their savings pegged on the Binance platform, without having the chance to convert them to dollars, the currency they operated in daily.

This was reported to this outlet by Binance clients, the largest exchange - platform for buying and selling cryptocurrencies - in the world by trading volume and users.

The usual operation works with users' investments in cryptocurrencies that are reflected in an account in the currency chosen by the client. Generally, users from our country - and many from South America - opt for the dollar due to reasons related to the stability and greater operability and universality of the US currency.

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Several altcoins are in the spotlight following the implementation on Monday, July 14, of ISO 20022 for the Fedwire Funds Service. While analysts mention different altcoins, Ripple's XRP token has garnered notable interest amid the excitement surrounding the international messaging standard.

With the development amid broader market optimism, XRP, among other altcoins, could benefit from this fundamental perceived as bullish.

Fed's ISO 20022 aims to enhance payment efficiency
After years of consultation with the industry, the Federal Reserve Financial Services (FRFS) implemented ISO 20022 yesterday. It is a new messaging standard that offers a real-time gross settlement system.

More closely, the transition enables cross-border payments with better data exchange, ultra-fast money transfers, and, most importantly, simplified compliance.
$XRP

In the continuation of its powerful rally, the price of Bitcoin has settled above $119,000 per coin at a new all-time high (ATH). After two days of consolidation, investors in the largest cryptocurrency are once again coming back with massive purchases. This highlights that confidence in BTC is outstanding among large wallets.

According to data from CoinMarketCap, at the time of writing this note, the exchange value of BTC is $118,563. Meanwhile, the all-time high (ATH) was set at $119,292 per coin, and the community is preparing for the big challenge. Will BTC be able to surpass the $120,000 barrier without issues?#BTC120kVs125kToday $BTC