Bonzo Lend’s total value locked plunges 77% as $9 million oracle exploit rattles Hedera

Bonzo Lend, a decentralized lending protocol on the Hedera network, suffered an estimated $9.05 million loss after an attacker exploited a verification flaw in a third-party Supra oracle contract, allowing them to borrow assets far exceeding the value of their collateral. The attacker deposited 250 SAUCE tokens with little value, before submitting a manipulated price…

Bitcoin Nears Late Stage of Bear Market: Jamie Coutts,

Bitcoin could be entering the latter stages of the bear market, with downside momentum beginning to slow down, according to Real Vision chief crypto analyst Jamie Coutts. “I think we’re getting through most of the bear market action. It’s still not over, clearly. But you know, I think we’re approaching at least the second half,”…

Oracle Exploit Drains $9M From Bonzo Lend on Hedera

Hedera-based lending protocol Bonzo Lend lost about $9 million after an attacker manipulated the price of SAUCE used as collateral, allowing the account to borrow assets far beyond the value deposited. In a preliminary incident report published Saturday, Bonzo said the attacker deposited 250 SAUCE, worth only a few dollars, before submitting a price update…

Ether rises 3% on tokenization and Robinhood Chain momentum but faces $1,800 resistance amid weak onchain metrics.

Ether (ETH) price gained 3% between Thursday and Friday, outperforming the broader crypto market. The move ties to growing tokenization, Robinhood Chain’s success, and ongoing corporate treasury purchases. However, ETH failed to break above $1,800 amid weak onchain and derivatives metrics. Is Ether price bound to retest $1,700? Key takeaways: Ethereum leads RWA tokenization while…

New Hampshire Council Votes Down $100M Bitcoin Bonds

Policymakers in New Hampshire’s executive council voted against a proposal that would have allowed the state to issue $100 million in bonds backed by Bitcoin (BTC). At a Wednesday hearing, the five-member panel voted 3-2 against the New Hampshire Business Finance Authority’s (BFA) proposed issuance of $100 million in BTC-backed bonds. The proposed investments, which…

Traders See No Bitcoin Bull-Market Comeback Despite 10% July Gains

Bitcoin (BTC) is seeing its best month of July since 2022, but analysis warns that the result could be firmly bearish. Key points: Bitcoin is nearing double-digit gains for July, but market reactions draw comparisons to 2022. Bear-market patterns call for downside to resume next month before a Q4 bottom. $70,000 remains a target for…

Stablecoins May Improve FX Access but Worsen Currency Runs: IMF

Dollar stablecoins could improve access to foreign currency in economies with fixed or heavily managed exchange rates, but may also amplify currency runs when pressure on the domestic currency becomes severe, according to a new paper published by the International Monetary Fund (IMF).  The findings come from a working paper by economist Brandon Joel Tan….

Bitcoin halving cycle history challenges $300,000–$500,000 moonshot forecasts

Veteran trader Peter Brandt anticipates a peak between $300,000 and $500,000. Bernstein analysts Gautam Chhugani and Mahika Sapra expect prices to hit $500,000 by 2029, citing booming demand for spot exchange-traded funds (ETFs). Reality check However, while the four-year cycles have consistently produced new all-time highs, each successive one has seen markedly lower multiples, compressed…

Senate Democrats Call for Hearings into Trump’s Ties to Crypto Amid CLARITY Act Discussions

Five Democratic senators have called for committee hearings “to investigate the national security implications of President Trump’s cryptocurrency holdings” as the chamber considers digital asset market structure legislation. In a Friday notice, the Democratic ranking members of five US Senate committees and subcommittees asked lawmakers to address President Donald Trump’s 2025 financial disclosure, in which…

Bitcoin Tries for New July Highs Amid Falling Oil, Dollar Strength

Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower. Key points: Bitcoin bulls keep upside momentum going as BTC/USD seeks a new multi-week record. Declining oil prices and US dollar strength contrast with crypto market rebound. $65,000 is now “crucial resistance” to be tackled, says analysis. Bitcoin reaches $64,350…