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Cross-chain protocol Allbridge halts after $1.65 million flash loan exploit

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how it happened, and what it means for DeFi

Allbridge Core has paused its cross-chain stablecoin protocol after an attacker stole roughly $1.65 million from its Solana liquidity pools, according to security firms CertiK and PeckShield.

Allbridge is a bridge that lets users move assets between blockchains that do not communicate directly. Its Core product uses liquidity pools to transfer native stablecoins such as USDC and USDT without issuing wrapped versions of the assets.

The attacker used a $1.12 million flash loan from Solana lending protocol Kamino to rapidly swap USDC and USDT, manipulating the pools’ internal ratios before withdrawing assets at favorable rates, according to Onchain Lens. A flash loan is a loan taken and repaid within the same transaction.

The stolen assets were bridged to an Ethereum address and dispersed across additional addresses. It isn’t currently clear how much remains under the attacker’s control.

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Allbridge said it paused the protocol while investigating, and told liquidity providers to withdraw from affected pools. The initial manipulation left the pools imbalanced and created a temporary arbitrage opportunity. Allbridge asked traders who profited from the pricing distortion to return funds for LP compensation.

Allbridge suffered a similar flash loan attack in 2023 that drained roughly $650,000 from its BNB Chain pools. The firm later said it recovered most of the funds and changed its liquidity and withdrawal calculations. Allbridge had raised $2 million in 2022 to expand the bridge and fund security audits.

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Stripe's $53B PayPal Bid Would Combine Bridge and PYUSD Under One Owner

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Stripe's $53B PayPal Bid Would Combine Bridge and PYUSD Under One Owner


A Stripe takeover of PayPal would fold two of the payments industry's crypto operations into one company, pairing Stripe's Bridge stablecoin infrastructure with PayPal's PYUSD token and crypto-trading business. Stripe and private-equity firm Advent International made an unsolicited joint offer to… Read the full story at The Defiant

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United Stables adopts Chainlink infrastructure as U stablecoin tops $1B supply

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United Stables adopts Chainlink infrastructure as U stablecoin tops $1B supply

United Stables has adopted Chainlink as the official oracle and cross-chain infrastructure for its U stablecoin after the asset surpassed $1 billion in circulating supply and more than $2.5 billion in daily trading volume.

Summary

  • United Stables has adopted Chainlink as the official oracle and cross chain infrastructure for its U stablecoin after the asset surpassed $1 billion in supply.
  • Chainlink Data Feeds and Proof of Reserve are now live, while CCIP will support future cross chain transfers of U.
  • The integration builds on Chainlink’s expanding institutional presence as more stablecoin and DeFi projects adopt its interoperability and data services.

According to an announcement from United Stables, the company has integrated Chainlink’s data and interoperability products to strengthen pricing, reserve verification, and future cross-chain transfers for U, its dollar-pegged stablecoin launched on BNB Chain and Ethereum in December 2025.

The rollout includes Chainlink Data Feeds and Proof of Reserve, both of which are now live. United Stables said it also plans to integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to support secure transfers of U between blockchain networks as the stablecoin expands across the multi-chain ecosystem.

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The company said the decision followed a review of security standards across the industry after recent incidents exposed weaknesses in legacy oracle and bridge infrastructure. According to United Stables, fragmented liquidity, unverified pricing, and vulnerabilities in cross-chain transfers were among the issues it sought to address by adopting Chainlink’s infrastructure.

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Data feeds, reserve verification go live

Under the integration, Chainlink Data Feeds now provide decentralized pricing data that United Stables said supports more than 20 lending protocols. At the same time, Chainlink Proof of Reserve allows users and protocols to verify the collateral backing U through on-chain cryptographic checks.

United Stables launched U in December 2025 as a fully backed stablecoin designed for trading, payments, decentralized finance, institutional settlement, and AI-driven applications. At launch, the company said U was backed one-to-one by cash and audited stablecoins including USDC, USDT, and USD1, with reserves held in segregated accounts and verified through on-chain Proof of Reserve alongside quarterly independent audits.

Athena, chief executive officer of United Stables, said the Chainlink integration allows users, institutional partners, and decentralized finance protocols to access verified pricing data, independently confirm U’s collateral around the clock, and eventually transfer the stablecoin securely across multiple blockchain networks.

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She added that the company views cryptographic verification as a core requirement for building trust as U expands beyond its initial deployments.

Johann Eid, chief business officer at Chainlink Labs, said the infrastructure would allow United Stables to extend U across decentralized finance while relying on Chainlink’s decentralized oracle and interoperability network. According to Eid, the platform is designed to support institutional-scale stablecoin activity across multiple blockchains.

CCIP planned for future multi-chain transfers

Beyond the services already deployed, United Stables said it intends to adopt Chainlink CCIP to power cross-chain transfers of U. According to the company, the protocol is expected to reduce friction when liquidity moves between supported blockchain networks while providing an additional security layer for interoperability.

For United Stables, the announcement builds on the roadmap introduced when U launched late last year. Alongside decentralized finance integrations with platforms including PancakeSwap, ListaDAO, Aster, and Four.meme, the company said it plans to add confidential balances and AI-focused payment capabilities through technologies such as EIP-3009 and delegated transaction execution.

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According to United Stables, combining its liquidity infrastructure with Chainlink’s oracle, reserve verification, and interoperability products is intended to provide transparent collateral verification, secure pricing data, and future cross-chain functionality as U continues expanding across BNB Chain, Ethereum, TRON, and other supported blockchain networks.

CCIP has become one of Chainlink’s main products for blockchain interoperability over the past year. Earlier this month, Aave expanded its use of the protocol by making CCIP the default cross-chain infrastructure across the Aave App and Stable Vaults. According to Aave, the same infrastructure now handles token transfers, vault rebalancing, governance execution, deposits, withdrawals, and yield optimization instead of relying on separate systems for different cross-chain functions.

Aave also said CCIP already powers transfers of its GHO stablecoin across supported networks through Chainlink’s Cross-Chain Token standard. Cross-chain governance proposals are also executed through the Aave Delivery Infrastructure, which uses CCIP to relay approved governance actions from Ethereum to other blockchain networks where Aave operates.

Security has remained a key part of CCIP’s design. According to Aave, every bridge lane is secured by at least 16 independent node operators distributed across different organizations and regions, while built-in rate limits restrict the amount of value that can move during abnormal conditions.

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Chainlink continues institutional expansion

The latest integration adds to Chainlink’s growing presence across both decentralized finance and institutional financial infrastructure.

In June, Chainlink joined Project Pangea, a bank-backed initiative focused on testing stablecoin-based foreign exchange settlement between Europe and South Korea. According to Chainlink, the project includes FairSquareLab, UniKA, and Qivalis, representing more than 50 banks with over $10 trillion in assets under management. The initiative uses Chainlink infrastructure alongside ISO 20022 messaging and existing SWIFT systems to test atomic payment-versus-payment settlement using compliant euro and South Korean won stablecoins.

Chainlink has also expanded into traditional market infrastructure. In January, BitMEX said it would use Chainlink Data Streams to provide pricing for its planned Equity Perpetuals, allowing the exchange to support perpetual contracts linked to stocks and exchange-traded funds using continuous market data from multiple sources.

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DTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms

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DTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms


The Depository Trust & Clearing Corporation, the market infrastructure that clears and settles most U.S. securities trades, began running live production trades of tokenized stocks and Treasurys on Wednesday, moving its tokenization effort out of testing and into a live environment. More than two… Read the full story at The Defiant

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CoinShares enters Europe’s UCITS market with Bitcoin mining ETF launch

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EU AMLA flags compliance risks as MiCA drives customer migration

CoinShares has entered Europe’s €26.3 trillion UCITS fund market with the launch of a regulated Bitcoin mining ETF, opening its digital asset strategies to institutional investors whose mandates previously restricted access to its products.

Summary

  • CoinShares has launched a UCITS platform with a Bitcoin mining ETF listed on Deutsche Börse Xetra.
  • The new structure opens access to pension funds, insurers, and private banks restricted by existing investment mandates.
  • CoinShares said it plans to use the UCITS platform to launch more regulated digital asset investment funds.

Digital asset investment firm CoinShares announced on Tuesday that it has launched a UCITS platform alongside the debut of the CoinShares Bitcoin Mining UCITS ETF, a move that allows the company to offer regulated investment funds under one of Europe’s most widely used fund structures.

The first product under the platform, the CoinShares Bitcoin Mining UCITS ETF, began trading on Deutsche Börse Xetra on Tuesday. The company said the launch is intended to make its investment strategies available to institutional investors across Europe, including pension funds, insurance companies, and private banks that generally invest through UCITS-compliant vehicles.

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For CoinShares, the change is less about introducing a new investment strategy than removing a structural barrier that limited access to existing ones. The company said many institutional mandates prohibit investments in debt securities, including exchange-traded products backed by physical digital assets, preventing a large pool of investors from allocating capital despite growing interest in the sector.

By using the UCITS framework, CoinShares said those investors can now access regulated digital asset investment products through a structure already accepted under their internal investment rules.

“This is not simply the launch of another investment product. It marks our entry into the UCITS market with a platform that allows us to develop and launch regulated investment funds under one of the world’s most widely recognised fund frameworks,” said CoinShares co-founder, president and CEO Jean-Marie Mognetti.

The company added that the platform operates on a largely fixed cost base and is designed to generate operating leverage as additional funds are introduced. It also said the UCITS structure will support future launches covering both digital asset products and thematic investment strategies.

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Platform targets regulated institutional capital

UCITS, short for Undertakings for the Collective Investment in Transferable Securities, is the European regulatory framework governing investment funds that can be marketed across member states. Because many institutional investors already allocate capital through UCITS funds, the structure has become one of the region’s standard formats for cross-border investment products.

CoinShares said adopting the framework allows it to reach investors that previously could not participate because of mandate restrictions rather than a lack of interest in digital assets.

The company’s latest annual report also points to a period of financial expansion. CoinShares generated more than $165.7 million in revenue during 2025, its first full year after listing in the United States earlier this year. Shares of the Nasdaq-listed company closed 2.1% lower at $4.11 on Monday before the announcement.

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Against that backdrop, the UCITS platform gives CoinShares a regulated framework that aligns with existing investment mandates instead of requiring institutions to modify internal policies before gaining exposure to digital asset strategies.

The company said it intends to build on that foundation by introducing additional regulated funds over time as institutional demand for digital asset investment products continues to develop.

The launch also follows several initiatives by CoinShares to deepen its presence in institutional markets beyond exchange-traded crypto products.

Earlier this year, the company published research showing that many traditional wealth managers still struggle to incorporate clients’ digital asset exposure into portfolio management because of internal compliance rules.

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A June survey conducted by CoinShares among 261 wealth management professionals across Europe found that 52% of UK financial advisers said most of their clients’ cryptocurrency holdings remained outside their visibility. Across France, Germany, Italy and Switzerland, the figure fell to 25%.

The same survey found that 61% of respondents worked at firms that either restricted digital assets or had no formal policy governing them.

At the time, Mognetti argued that internal firm policies, rather than adviser knowledge or client demand, had become the primary obstacle. According to him, many advisers cannot account for crypto holdings when managing portfolios because company rules prevent them from discussing or supervising those assets, leaving them without a complete view of client wealth.

CoinShares said such restrictions create operational challenges because advisers are expected to manage portfolios while lacking visibility into part of their clients’ investments.

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Institutional adoption continues to evolve

Institutional participation in digital assets has remained uneven over the past several months as investment flows responded to changing market conditions.

In a June research report based on U.S. Securities and Exchange Commission 13F filings, CoinShares said hedge funds reduced their exposure to U.S. spot Bitcoin exchange-traded funds by 39% during the first quarter. The report showed professional investors lowered combined holdings from approximately 313,000 BTC to 261,000 BTC after Bitcoin declined sharply during the period.

According to CoinShares digital asset analyst Matt Kimmell, the reduction resembled previous Bitcoin downturns, when leveraged and tactical investors typically trimmed positions as prices weakened.

The same report also showed different behavior across institutional groups. While hedge funds and brokerages reduced exposure significantly, banks increased their Bitcoin ETF holdings during the quarter, suggesting not all professional investors responded to market volatility in the same way.

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Alongside market developments, European regulation has continued to shape how investment firms package crypto-related products for institutional clients.

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Ostium Halts Trading After Oracle Exploit Drains up to $18M from Vault

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Ostium Halts Trading After Oracle Exploit Drains up to $18M from Vault


Ostium, an Arbitrum-based perpetuals exchange for trading real-world assets that raised about $27.8 million from backers including General Catalyst and Jump Crypto, halted all trading Wednesday after an attacker manipulated its oracle system to drain as much as $18 million in USDC from its… Read the full story at The Defiant

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UK Inquiry Probes Banking Barriers Facing Crypto Firms

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UK Inquiry Probes Banking Barriers Facing Crypto Firms

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.

All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.

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David Schwartz Regrets Selling XRP at 10 Cents as Price Broke $1.10 Resistance

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xrp logo

Ripple CTO Emeritus David Schwartz just reminded the market why conviction is the hardest edge to hold. XRP price is trading around $1.12, up about 1% over the past 24 hours after reclaiming the $1.10 level. That move has shifted momentum back toward the bulls, making the timing of Schwartz’s admission hit a little closer to home.

In yesterday’s post on X, Schwartz confirmed he sold XRP at $0.10 and unloaded 40,000 ETH at roughly $1.05 each. Those decisions came from a risk reduction agreement with his wife, not from losing faith in either asset. As every trader eventually learns, your portfolio rarely argues with your spouse and wins.

“Obviously, I wish I hadn’t done those things,” Schwartz wrote. He added that he genuinely dislikes financial risk and followed a rule to sell whenever an asset reached a new all-time high. Later, he admitted that assigning even a 1% chance to Ethereum reaching $2,368 would have kept him from selling at $1.05. The same lesson applies to XRP, which has long left that $0.10 exit behind.

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The irony has not gone unnoticed. XRP is climbing after reclaiming a key technical level just as Schwartz reflects on selling too early. It is a familiar reminder that timing the market sounds easy until the market starts proving you wrong. Sometimes the hardest trade is simply doing nothing.

Discover: The Best Token Presales

Can XRP Price Push Toward $1.50 After Breaking $1.10 Resistance?

The current $1.12 level is now the line in the sand. Buyers pushed XRP from around $1.08 to roughly $1.12, locking in a modest daily gain. The next job is keeping that level as support, which is never automatic after weeks of heavy selling. Momentum has improved, but the market still wants proof.

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Meanwhile, the daily RSI remains near oversold territory, while a TD Sequential buy signal on the three-day chart hints that bearish momentum may be fading. That points to possible trend exhaustion instead of a confirmed breakout. Sometimes the first bounce grabs attention, but the second one earns respect.

Institutional demand also remains part of the story. XRP ETPs recently attracted nearly $40 million in fresh inflows, lifting assets under management to about $2.6 billion. At the same time, spot trading volume jumped sharply during the move above $1.10, suggesting larger players were not sitting on the sidelines.

Xrp (XRP)
24h7d30d1yAll time

Three scenarios remain in play. The bullish case sees $1.12 holding as support before XRP clears price resistance around $1.18. If buyers keep pressing, a sustained move above $1.20 could expose the $1.30 to $1.35 region next. One green candle is nice. A few more are what pay the bills.

The base case is a period of consolidation between $1.10 and $1.18 while the market confirms that selling pressure has eased. However, a daily close below $1.10 would shift attention back to the $1.04 to $1.08 support zone. The late session volume surge showed buyers arrived with conviction, but one good session alone does not make a lasting trend.

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Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

Bitcoin Hyper Targets Early-Stage Entry as XRP Tests Critical Levels

XRP at $1.13 is a better position than Schwartz’s $0.10 exit, but at a $70 billion+ market cap, the asymmetry available at genuine early stages simply isn’t there anymore. That’s the structural trade-off every trader running rotational strategies weighs when an asset reclaims resistance rather than breaks into discovery.

The question isn’t whether XRP can go higher; it’s whether the risk-reward at current prices matches what early participants captured.

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Bitcoin Hyper is positioning itself in a different part of the risk spectrum entirely. The project is building the first Bitcoin Layer 2 with full SVM integration, meaning Solana Virtual Machine-grade smart contract execution anchored to Bitcoin’s security model, targeting performance that competes with Solana’s throughput while preserving BTC’s trust layer.

The presale has raised $32.9 million at a current token price of $0.0136834, with a staking program live for participants. That combination of infrastructure utility and early pricing is the setup Schwartz described missing, except it’s available now, not in retrospect.

Research Bitcoin Hyper before committing capital.

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The post David Schwartz Regrets Selling XRP at 10 Cents as Price Broke $1.10 Resistance appeared first on Cryptonews.

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Coca-Cola Used AI to Make Itself More Coca-Cola

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Zero Sugar Beverages Market

Coca-Cola shares edged higher on July 20 after the beverage giant unveiled a new global brand identity built around artificial intelligence design tools. The stock (NYSE: KO) closed at $82.12, up 0.69% on the day.

Investors read the refresh as a bet on Coca-Cola’s higher-margin, zero-sugar lineup heading into next week’s earnings report.

Make Coca-Cola More Coca-Cola

The company’s new identity leans on assets consumers already recognize. Rather than replace them, the company increased the visual weight of its red and white palette, the Spencerian script, the Dynamic Ribbon, and the Arden Square symbol across packaging, retail displays, and digital platforms in more than 200 markets.

Executives described the goal as making “Coca-Cola more Coca-Cola.” The rollout has already reached parts of Europe, the Middle East, and India. Latin America and Asia will follow through 2027. The company is betting that consistency, not a full redesign, will keep the brand recognizable to shoppers.

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AI Design Tools and the Zero Sugar Refresh

Behind the redesign sits a new brand center paired with AI-powered design tools. The tools serve the company’s internal teams and outside agencies alike.

The system is meant to standardize creative output across markets and speed internal approvals. Coca-Cola Zero Sugar gets its own visual cues, too. The refresh adds larger “Zero Sugar” text, a black Dynamic Ribbon on cans, and a black bottle cap on PET bottles.

Zero Sugar Beverages Market
Zero Sugar Beverages Market. Source: FMI

Analysts view the packaging shift as a deliberate push toward the company’s higher-margin zero-sugar lineup. Demand has shifted away from full-sugar sodas, and that category remains a company priority.

Coca-Cola Co. (KO) stock chart
Coca-Cola Co. (KO) stock chart. Source: TradingView

Wall Street’s Earnings Season Test

Coca-Cola’s report lands in the middle of a packed earnings season. Apple stock is drawing attention over whether upcoming results can push shares past a $5 trillion valuation. Sentiment elsewhere is split.

Jim Cramer moved to dump tech stocks ahead of Intel, Tesla, and Alphabet results. JPMorgan’s Jamie Dimon has flagged reservations about broad market exposure. Not every reaction has been kind.

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Kioxia shares tumbled despite bullish analyst coverage. SpaceX stock slid after a launch delay, proof that operational news can move prices as much as financial results. Against that backdrop, investors have a rare qualitative signal to parse before Coca-Cola’s July 28 numbers land.

Coca-Cola’s rebrand alone won’t move sales. It signals a bet that consistent branding and AI-assisted design oversight can support premium pricing on its zero-sugar lineup. Wall Street will find out on July 28 whether that bet shows up in the numbers.

The post Coca-Cola Used AI to Make Itself More Coca-Cola appeared first on BeInCrypto.

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Crypto Markets Add $70B Daily as Bitcoin’s Price Hits Monthly High: Market Watch

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Bitcoin’s price rebounded swiftly after the Monday morning dip below $64,000 and has gained over two grand since then, climbing to a monthly peak of over $66,000.

The altcoin space has turned green as well. ETH is inching closer to $1,950, XRP is testing the $1.13 resistance, while ADA has stolen the show from the larger caps.

BTC Sees Monthly Peak

The previous business week began on a familiar note, as BTC priced in the weekend attacks in the Middle East and dropped below $62,000 from over $64,000. The bulls stepped up after the favorable CPI data for June, pushing the asset to $65,500 for the first time in three weeks.

However, its progress stalled there, and bitcoin dipped to $62,500 by Friday. Nevertheless, the bulls were more persistent once again and initiated an immediate recovery right before and during the weekend, in which the cryptocurrency climbed back to $64,000.

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It tried to take down $65,000 on Sunday, but it was stopped and dropped once again on Monday morning. This time, it was a lot less painful, and it quickly rebounded from the daily low of $63,750.

It jumped past $65,500 earlier today before another leg up drove it to its highest price tag since June 17 at $66,300. It remains above $66,000 as of press time, and its market cap has jumped to $1.330 trillion on CG. Its dominance over the alts is also on the rise, currently at 57.2%.

BTCUSD July 21. Source: TradingView
BTCUSD July 21. Source: TradingView

Alts Turn Green

As mentioned above, green dominates almost all altcoin charts. Ethereum is challenging the $1,950 level before a potential run to $2,000. BNB has neared $580, while XRP and HYPE are up by approximately 4% daily. DOGE, ZEC, and XLM have marked similar gains, while Cardano’s native token has exploded by over 8% and now trades at a local peak of $0.175.

Impressive daily increases are evident from BCH, UNI, AAVE, DOT, and WLD. ONDO has rocketed by over 14% and sits close to $0.40.

The cumulative market capitalization of all crypto assets is up by $70 billion in a day. The metric has climbed to $2.320 trillion for the first time in a month.

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Cryptocurrency Market Overview July 21. Source: QuantifyCrypto
Cryptocurrency Market Overview July 21. Source: QuantifyCrypto

The post Crypto Markets Add $70B Daily as Bitcoin’s Price Hits Monthly High: Market Watch appeared first on CryptoPotato.

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194,000 Addresses Traded Polymarket’s World Cup Market and Most Lost

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Polymarket Trader Profit and Losses in the World Cup Market

Polymarket’s World Cup winner market attracted more than 194,000 unique addresses, but roughly two-thirds finished underwater.

The World Cup closed with Spain beating Argentina 1-0 in the July 19 final. Data compiled by an analyst shows the payouts concentrated among a handful of large winners. Meanwhile, most participants recorded only marginal gains or losses.

Where the World Cup Profits Went on Polymarket 

Nearly 130,000 addresses finished the market in the red, about 66.7% of all participants. Nonetheless, most of the damage stayed small. 

A total of 114,126 addresses each lost under $100, with an average loss of less than $10. At the other extreme, 43 addresses lost more than $100,000, shedding a combined $15 million.

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Polymarket Trader Profit and Losses in the World Cup Market
Polymarket Trader Profit and Losses in the World Cup Market. Source: Dune

The profit side mirrored that shape. Some 57,991 addresses gained under $100 each, averaging less than $5. Larger wins stayed rare across the market.

Only 54 addresses cleared more than $100,000, together banking $22.3 million. The analyst identified five wallets that each topped $1 million, including asparagus2012, Allezpapa, yamal19, thesingularityisnear, and wco26.

According to Arkham, asparagus2012 operated 7 separate accounts. The trader generated more than $7.4 million across World Cup markets and funneled the winnings into a single address.

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Prediction Market Activity Cools Before Another Football Season

The tournament drew traders and heavy volume to prediction markets, but activity has since cooled. Open interest across Kalshi and Polymarket has dropped as major sporting events fade from the calendar, according to Artemis data.

Bernstein analyst Ian Moore expects a quiet stretch through August before the National Football League (NFL) season starts in September.

“August is always a pretty light month for the sports books and the traditional ones. And now the prediction markets as well… You kind of have to wait until NFL season kicks off in September to get that bounce in handle,” he said.

The analyst pointed to a Week 1 slate as an early draw for the platforms. The coming weeks will test whether prediction markets can hold the audience the World Cup delivered.

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