🚨 Breaking in Crypto: Must-Read Crypto News of the Day

📰 News

⚠️ Crypto Hacks 2025: $2.1B Stolen, Seed Phrases and Front-Ends Hit Hard

According to the TRM Labs report, crypto hacks in H1 2025 have resulted in massive losses of $2.1 billion across 75 incidents.

Crypto Hacks Hit $2.1B in 2025 H1: Details

The TRM Labs report paints a concerning picture: crypto thefts have skyrocketed 50% year-over-year. Across 75 incidents, the year has seen a massive loss of $2.1 billion in the first half. This figure almost eclipses all the crypto theft losses in 2024.

Notably, the bulk of losses came from infrastructure attacks, which compromised the technical foundations of crypto systems through private key thefts, seed phrase breaches, and front-end hijacks. This accounts for over 80% of stolen funds, yielding 10 times more than other attack types on average. The statement read,

Infrastructure attacks — such as private key and seed phrase thefts, and front-end compromises — accounted for over 80% of stolen funds in H1 2025 and were, on average, ten times larger than other attack types… Often enabled by social engineering or insider access, these breaches expose critical weaknesses at the foundation of cryptosecurity.

Over the past week, three notable crypto news outlets have fallen victim to security breaches. As CoinGape noted, CoinMarketCap and Cointelgraph have faced front-end breaches, where users received a malicious pop-up.

In the latest event of crypto hacks, attackers targeted the official X account of the crypto news outlet, PANews. On June 27, hackers compromised the X account to spread misinformation about an airdrop. Following the incident, PANews warned users to avoid clicking on any links associated with this crypto hack.

📢 Response to Bitcoin and Crypto ETFs Is Overwhelming: S&P Global

The largest rating agency, the S&P Global recently highlighted the popularity and very strong demand for the Bitcoin ETFs since launch.

S&P Global Highlights Demand For Bitcoin ETFs

In a research report, the credit rating agency stated that the response to and popularity of the Bitcoin ETFs were overwhelming as they unlocked the crypto ETF market. Since their launch in 2024, the agency noted that the investor inflows into these funds have been “very strong.”

📊 Markets

🔻 Will Third Quarter End XRP Price’s 206-Day Consolidation?

XRP stuck in 206-day consolidation - will Q3's Bitcoin boom, stablecoin laws & $2 support spark the overdue breakout? Key levels analyzed.

XRP Price Performance in Q2 2025

The year-to-date returns for XRP are 0.49% as the token price trades at $2.09. In the second quarter, XRP price is up 0.17% and the main reason for this lackluster performance is the ongoing consolidation. After hitting an all-time high (ATH) of $3.40 on January 16, 2025, the token has been moving sideways, with volatility shrinking.

According to TradingView data, Bitcoin (BTC) is up 14% year-to-date and nearly 30% in the second quarter. While Ethereum’s (ETH) second quarter returns hover around 35%.

🚀 Bitcoin Price Aims $118K As Fed September Rate Cut Odds Soar to 94%

Bitcoin surges as Fed's September rate cut odds hit 94%! Will BTC price revisit its ATH? Get the latest Bitcoin price analysis and forecast.

Fed’s September Rate Cut Hits 94% Certainty

According to the CME Fed Watch Tool, there’s a 70.9% chance of a 25-basis-point cut and a 22.7% chance of a 50-basis-point rate cut. This development comes after the US President Donald Trump said he is looking to replace Federal Reserve Chairman.