XRP faces renewed pressure after its first ETF outflow, while EX DeFi gains attention from investors seeking cloud mining and yield opportunities.

XRP price has recently remained weak, and the first significant outflow from XRP ETF since their launch has further heightened market caution.

Recently, XRP has underperformed relative to other top-ten digital assets by market capitalization; its price has repeatedly retested previous support levels, and upward momentum has slowed noticeably. Meanwhile, the latest data from SoSoValue indicates that XRP spot ETF recorded a net outflow of approximately $3.58 million during the last trading session — the first such outflow in nearly a month — sparking market attention regarding shifts in short-term capital sentiment.

Driven by market sentiment, XRP price briefly dropped to a recent low, causing its market capitalization to retreat and resulting in the temporary loss of its position as the world’s fourth-largest digital asset. Intensified short-term volatility has prompted some investors to re-evaluate their future investment strategies for XRP.

At the same time, an increasing number of XRP holders are considering alternatives: while maintaining a long-term bullish outlook on XRP, is there a way to mitigate the impact of short-term price volatility while generating continuous additional returns on their holdings?

It is against this backdrop that the EX DeFi cloud mining platform has garnered increasing attention from investors seeking to hedge against market volatility and boost their earnings through cloud mining and yield aggregation mechanisms.

XRP ETF outflows occur, yet the long-term growth thesis remains intact

Although the initial net outflow from XRP ETF has raised concerns among some market participants regarding short-term capital flows, many industry analysts believe this primarily reflects a decline in current market risk appetite rather than a fundamental shift in XRP long-term fundamentals.

In recent years, as the global regulatory environment has matured, Ripple has continued to build out its global payment network and expand into areas such as Real-World Asset (RWA) tokenization, cross-border payments, and digital financial infrastructure, thereby providing new growth momentum for the XRP ecosystem.

Despite a recent dip in secondary market trading activity and cautious sentiment among retail investors, institutional demand for long-term digital asset allocation persists, and the market’s overall foundation for growth remains fundamentally unchanged. 

As XRP volatility increases, EX DeFi emerges as a new option for investors

Amidst recent heightened volatility in XRP prices, an increasing number of XRP holders are turning to EX DeFi. They seek to explore more stable and sustainable yield models — leveraging cloud mining and yield aggregation mechanisms — while maintaining their long-term digital asset holdings.

Unlike high-volatility leveraged trading or strategies relying solely on price appreciation, the EX DeFi cloud mining platform offers a more convenient way to engage with digital assets. Users do not need to deploy mining rigs or maintain hardware; they simply select a hashrate contract to participate in mining services. This allows them to maximize the utility of their digital assets while keeping an eye on the long-term prospects of XRP.

About EX DeFi

Founded in 2021 and headquartered in the UK, EX DeFi operates in compliance with European regulatory frameworks such as MiCA and MiFID II. The platform continuously enhances transparency, operational standards, and user protection mechanisms to deliver a secure and seamless cloud mining experience.

The platform employs a multi-layered security architecture, featuring:

• Annual financial and security compliance audits by PwC;
• Digital asset custody insurance from Lloyd’s of London;
• Enterprise-grade network protection via Cloudflare and McAfee® security systems;
• Multi-layered encryption, AI-driven risk management, and 2FA (Two-Factor Authentication).

EX DeFi currently supports a wide range of mainstream digital assets — including XRP, BTC, ETH, USDT, USDC, DOGE, LTC, and SOL — offering users flexible and diversified services.

How to start earning daily returns?

Step 1: Register an Account

Visit the official EX DeFi website and sign up using an email address to receive a $17 trial bonus.

Step 2: Select a mining package

Choose a cloud mining contract that suits a particular budget and timeframe, then start automated mining with a single click.

Step 3: Start earning returns

Once the contract is activated, the system automatically allocates hashrate, and earnings are settled on a 24-hour cycle. Users can withdraw their earnings at any time or continue participating to achieve long-term asset management goals. 

Popular yield contracts

BTC (Beginner Trial Contract): Investment $100, Duration: 2 days, Daily Return: $4, Total Profit: $100 + $8

DOGE (Golden Shell Mini-Doge Pro): Investment $500, Duration: 6 days, Daily Return: $6.5, Total Profit: $500 + $39

BTC (Canaan-Avalon-A1466): Investment $1,000, Duration: 10 days, Daily Return: $13.4, Total Profit: $1,000 + $134

LTC (Bitmain Antminer L7): Investment $5,000, Duration: 20 days, Daily Return: $73.5, Total Profit: $5,000 + $1,470

BTC (Bitmain S19K-Pro): Investment $10,000, Duration: 30 days, Daily Return: $161, Total Profit: $10,000 + $4,830

Please visit the official EX DeFi website to view more yield-generating mining contracts.

Summary

Although XRP ETF recently saw a net outflow of approximately $3.58 million — impacting short-term market sentiment — long-term prospects remain supported by a maturing regulatory environment, increased institutional participation, and ongoing development within the XRP ecosystem. The general market consensus is that short-term volatility will not alter the long-term growth trajectory of the digital asset industry.

For long-term XRP holders, the market focus is shifting from a reliance on price appreciation alone toward more diversified ways of engaging with the asset. EX DeFi cloud mining services offer users additional options for long-term participation in the digital asset ecosystem, allowing them to explore more stable and sustainable yield management strategies while focusing on the asset’s long-term value.

Still hesitating? Join the EX DeFi platform today and earn stable passive income amidst market volatility.

Bybit has sued North Korea, its intelligence agency and the Lazarus Group in a U.S. federal court as the exchange seeks to recover assets stolen in the record $1.5 billion crypto hack.

Bybit takes Lazarus Group to US court

Bybit filed the civil lawsuit in the U.S. District Court for the District of Columbia, naming the Democratic People’s Republic of Korea, its Reconnaissance General Bureau intelligence agency and the Lazarus Group as defendants.

The case concerns the Feb. 21, 2025, breach that drained more than 400,000 Ether (ETH) and staked Ether from the Dubai-based exchange. The assets were valued at about $1.5 billion at the time, making the incident the largest recorded cryptocurrency theft.

The FBI attributed the attack to North Korea shortly after the breach. U.S. authorities track the actors involved under the name TraderTraitor and urged exchanges, validators and blockchain firms to block transactions connected to addresses identified in the laundering operation.

Bybit co-founder and CEO Ben Zhou said the exchange had worked with investigators, regulators, other trading platforms and law enforcement agencies since the attack.

“Our focus has never changed: protect our users first, recover what we can, and make sure the people behind these attacks are held accountable,” Zhou said.

Court freezes assets linked to Bybit hack

Alongside the lawsuit, Bybit secured a preliminary injunction covering certain stolen assets held by unidentified individuals and entities listed as John Doe defendants.

The order prevents those defendants from transferring, selling or otherwise disposing of the identified assets while the litigation continues. A preliminary injunction preserves property during a case but does not represent a final ruling on liability or ownership.

Bybit said it would seek further relief as the lawsuit progresses. The company is pursuing the civil claim separately from criminal investigations being conducted by U.S. law enforcement agencies.

The order gives Bybit another route to pursue the stolen funds after months of relying on blockchain tracing, voluntary freezes by industry participants and a bounty program for information leading to recoveries.

Stolen funds became harder to trace

Crypto.news reported in March 2025 that 88.87% of the stolen funds remained traceable, while 7.59% had gone dark and 3.54% had been frozen.

The traceable share later declined as the attackers converted assets into Bitcoin and dispersed them across thousands of wallets. By April 2025, Zhou said 27.6% of the stolen funds could no longer be tracked.

Lazarus-linked wallets used services including cross-chain protocols and crypto mixers to make the transaction trail harder to follow. Bybit previously offered rewards to platforms and investigators that helped identify or freeze the funds.

The exchange also covered the shortfall following the attack through Ether purchases, loans and deposits from industry counterparties, allowing it to continue processing customer withdrawals.

Lawsuit adds to US action against North Korean hackers

The case gives Bybit access to a U.S. civil process while federal agencies continue investigating North Korea’s crypto operations. Any recovery will depend on whether the defendants, exchanges or custodians controlling the identified assets comply with the court order.

North Korean groups stole an estimated $2.02 billion in cryptocurrency during 2025, according to Chainalysis data previously covered by crypto.news. The Bybit attack accounted for most of that amount and pushed the country’s estimated cumulative crypto theft to about $6.75 billion.

The threat continued into 2026. As reported by crypto.news, Lazarus-linked attacks allegedly drained another $577 million from Drift Protocol and KelpDAO in April.

Bybit’s next step will be seeking permanent relief and attempting to recover the assets covered by the injunction. The court has not yet issued a final judgment in the civil case.

A bipartisan ethics proposal aimed at unlocking progress on the US crypto market-structure bill could also produce a large potential tax advantage for President Donald Trump, Bloomberg reported Thursday. The reported benefit centers on how taxes would be handled if the president is required to divest from crypto-related interests under the ethics plan.

According to Bloomberg, an ethics addendum that has not been made public would require Trump to divest from crypto-related businesses. The filing reportedly includes a mechanism that would allow the president to defer capital gains taxes tied to those divestitures, potentially resulting in tax savings in the millions.

Key takeaways

• Bloomberg reports the proposed ethics addendum would require presidential divestment from crypto-related businesses as a condition for advancing the market-structure bill.
• The same proposal reportedly includes a tax-deferral feature that could reduce capital gains taxes, creating a potential windfall for Trump.
• Democrats have raised conflict-of-interest concerns as a major barrier to passing the bill, and the reported tax benefit could renew scrutiny.
• Trump’s most recent financial disclosure (for 2025, released in late June) shows substantial crypto-related earnings tied to licensing of memecoin brands and token sales via World Liberty Financial.

Ethics rules meet a tax question

The market-structure legislation has faced political resistance, largely because of Democratic worries that Trump’s financial involvement in crypto could conflict with the White House’s position on the bill. In an effort to overcome the stalemate, senators have been working on an ethics addendum intended to clarify and narrow potential conflicts.

Bloomberg’s report suggests that the addendum goes beyond divestment requirements by also addressing the tax treatment of any assets the president would have to sell or transfer. “People familiar with the matter,” Bloomberg wrote, indicated the plan would permit Trump to defer capital gains taxes on mandated divestitures, which could translate into substantial savings.

That structure could become a point of contention. While divestment requirements are designed to reduce perceived conflicts, a tax deferral that benefits the president may lead Democrats to argue the ethics safeguards are not strong enough—or not strong in the ways they prefer—despite the divestment trigger.

Why Democrats’ concerns remain central

Democratic objections to Trump’s crypto relationships have been described as a key obstacle to moving the market-structure bill forward. The ethics addendum was reportedly conceived to address those concerns directly, but Bloomberg’s account indicates the reported tax angle may reintroduce doubt about whether the measures genuinely neutralize the president’s incentives.

For readers tracking the bill, the key issue is not only whether divestment occurs, but how effectively the proposed framework separates presidential actions from personal financial exposure—and whether the tax treatment is viewed as consistent with that separation.

Cointelegraph reached out to the White House for comment but did not receive an immediate response.

What Trump’s filings show about crypto exposure

Trump’s disclosures provide context for why the ethics debate has been so politically combustible. His annual financial disclosure report for 2025, released at the end of June, showed Trump received about $1.4 billion in income from crypto-related ventures last year.

According to the 927-page disclosure, the largest share of income came from licensing and sales tied to memecoin activity. Trump reportedly earned roughly $635 million from “royalties” in a “license agreement with Celebration Coins,” with “Official Trump (TRUMP)” cited as an example.

The filing also identified World Liberty Financial as the second-biggest source, generating about $588 million through “proceeds from token sales.”

Beyond those major categories, the disclosure reportedly included $197 from the sale of an equity interest in a stablecoin venture.

Those numbers are likely to shape how lawmakers assess whether any divestment requirement would materially reduce Trump’s financial connection to crypto. If the president’s exposure is largely tied to licensing and token-sale-related income, divestment details—such as what must be sold, what can be retained, and how quickly—become crucial.

World Liberty ownership details add complexity

Alongside the financial disclosure, additional information connected to World Liberty Financial’s corporate structure appears to reinforce the idea that Trump-adjacent entities maintain significant involvement. Disclosures on World Liberty’s website indicate that DT Marks DEFI LLC, described as an entity affiliated with Trump and certain family members, holds “approximately 38% of the equity interests” in the parent company of World Liberty.

This matters for the ethics argument because divestment requirements—if they apply broadly—may need to cover not only direct business operations, but also equity stakes and other positions that could benefit from the success of crypto-related initiatives.

At the same time, the reported tax deferral mechanism highlighted by Bloomberg introduces a separate layer of complexity: even if divestment reduces future exposure, how taxes are handled in the transition could still be perceived as aligned with the president’s personal financial interests.

As senators continue negotiating the bill and the ethics addendum, the next thing readers should watch is whether the divestment and tax-handling provisions are finalized and publicly clarified—and whether Democrats, who have already questioned Trump’s conflicts, accept that the safeguards adequately change the underlying incentives around the market-structure legislation.

SpaceX stock surged 14% on Friday after an analyst upgrade, softer U.S. jobs data, and limited insider selling eased pressure on the recently listed company.

SpaceX stock jumps after Argus upgrade

Space Exploration Technologies Corp. traded at $131.06 as of 3:26 p.m. EDT, up $16.14 for the session. The stock opened near $115 before rising above $120 and accelerating toward $131 during afternoon trading.

Friday’s rally followed a 6.1% gain on Thursday, reversing part of the 13.6% decline recorded after SpaceX released its first quarterly results as a public company.

Argus Research helped drive the latest move by upgrading SpaceX from Hold to Buy. The firm maintained a $160 price target, implying further upside from the stock’s Thursday close.

Argus pointed to SpaceX’s second-quarter performance despite concerns about its planned spending on artificial intelligence infrastructure. The company reported $7.8 billion in revenue, up 92% from a year earlier and above the roughly $6.8 billion expected by analysts.

SpaceX also recorded $3.5 billion in adjusted earnings before interest, taxes, depreciation and amortization, exceeding Wall Street expectations of about $2.1 billion.

Lockup expiration fails to trigger heavy selling

Relief over SpaceX’s first post-IPO lockup expiration also contributed to the rally.

Up to 911.5 million shares held by employees and early investors became eligible for sale on Thursday. The expiration increased the potential public float from about 4.9% to 11.8%, raising concerns that additional supply would push SPCX lower.

That selling pressure did not immediately appear. SpaceX shares instead gained on Thursday and extended the move on Friday, suggesting the market had already priced in much of the unlock risk.

As such, the absence of large-scale insider selling removed a key overhang for the stock. However, more shares are scheduled to become eligible for trading in later lockup tranches.

Short covering may have amplified the rally. Short interest had risen ahead of the company’s earnings and lockup expiration, leaving bearish traders exposed when the anticipated sell-off failed to occur. The scale of short covering during Friday’s session has not been confirmed.

Weak jobs report lifts U.S. growth stocks

A softer U.S. labor report provided a broader market tailwind.

Nonfarm payrolls fell by 23,000 in July, compared with economist forecasts for an increase of about 86,000. The result reduced concerns that the Federal Reserve would raise interest rates again in the near term.

Lower rate expectations tend to support growth companies because they reduce the discount applied to projected future earnings. SpaceX is particularly sensitive to changes in borrowing costs because of its planned spending on launch systems, Starlink infrastructure and AI computing capacity.

The Nasdaq Composite and semiconductor stocks also advanced during the session, indicating that at least part of the SPCX rally reflected a broader return to technology and growth shares.

ARK Invest added further support by purchasing 181,830 SpaceX shares after Wednesday’s decline. The position was valued at approximately $19.7 million based on that session’s closing price.

SPCX approaches key resistance at $131

SpaceX stock reached an important technical area following Friday’s advance.

The 4-hour chart places the 61.8% Fibonacci retracement near $130.67, close to the latest market price. A sustained move above that level could allow buyers to test the next retracement near $138.63.

SPCX also moved above the upper Bollinger Band near $128.20, showing strong short-term momentum but raising the possibility of a pullback if buyers fail to hold the breakout.

The 4-hour relative strength index rose to 59.93, above its signal average of 43.39 but below the 70 level generally associated with overbought conditions. Immediate support sits near $128, followed by the $119.34 Fibonacci level and the moving average around $115.24.

Despite the rebound, SpaceX stock remains well below its June peak above $225. The next test will be whether the shares can reclaim the company’s $135 IPO price while the market absorbs additional insider unlocks.