News
Important information last night this morning (July 8-July 9)
**Hackers Target Bitcoin Wallet Holding Billions Stolen from Mt.Gox**
According to *Decrypt*, hackers are targeting an old Bitcoin address (starting with 1FeexV) containing over $8 billion in digital currency stolen from the defunct Mt.Gox exchange. *BitMEX Research* revealed that attackers sent a transaction to this address via Bitcoin’s **OP_RETURN** function, embedding a phishing link. While **OP_RETURN** can store data on the blockchain, it was exploited here to trick the owner into visiting a fake page. The site falsely claimed the wallet was "lost or abandoned" and impersonated the now-defunct Wall Street firm **Salomon Brothers** to steal personal information. BitMEX warned on **X** that this site is fraudulent and part of a Bitcoin scam, noting that multiple old addresses from **2011** have become similar targets.
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### **CME Group’s Solana Futures Volume Surpasses $4 Billion**
*Cointelegraph* reports that **Solana (SOL) futures** trading volume on **CME Group**, one of the world’s largest regulated derivatives exchanges, has exceeded **$4 billion**.
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### **Phantom Wallet Introduces Perpetual Trading, Backed by Hyperliquid**
*The Block* reports that **Web3 wallet Phantom** has launched **perpetual contract trading**, powered by **Hyperliquid’s API**. Initially available to **EU users**, the service supports **up to 40x leverage** with stop-loss/take-profit features, allowing users to trade directly within the wallet while maintaining **self-custody**. This marks Phantom’s shift from a **multi-chain wallet** to a **comprehensive DeFi gateway**, now supporting **8 major chains**, including Solana, Ethereum, and Bitcoin. The move comes as exchanges like **Coinbase** and **Robinhood** expand their derivatives offerings.
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### **Whale/Institution Dumps 33,582 ETH for $85.38M USDC**
*Onchain Lens* detected a whale/institution (previously **$30M in ETH profits**) selling **33,582 ETH** at an average price of **$2,512**, converting it into **$85.38M USDC** and depositing it into **Aave V3**. The whale still holds **100K ETH ($261.2M)**, staked on **Lido**.
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### **a16z Crypto Fully Exits COMP Holdings, Transfers 400K to Coinbase Prime**
On-chain analyst **Yu Jin** reported that **a16z Crypto** transferred its final **400K COMP ($16.48M)** to **Coinbase Prime**, completely exiting its position. This follows another **400K COMP transfer 10 days ago**, totaling **800K COMP ($34.81M)** sold. **COMP’s price dropped 11%** during this period, and further declines are expected.
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### **Pump.fun’s Token Sale Faces Backlash, Struggles Emerge**
*The Block* reports that **Pump.fun’s** plan to sell **150B PUMP tokens** ($600M) drew criticism, with **Gate.io** delisting related info. Critics argue the move contradicts expectations of an **airdrop**, like **Hyperliquid’s**. **Steven Zheng** (The Block) called it a "bad look," while **Ray Youssef** (Noones CEO) accused Pump.fun of "sucking the life out of DeFi."
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### **SEC May Fast-Track Crypto ETF Approvals**
*The Block* reveals the **SEC** is considering a **streamlined framework** for crypto ETF approvals. Sources say **SOL ETF discussions** are progressing, with approvals likely **by September/October**. **James Seyffart** (Bloomberg) predicts a **95% chance** for **SOL, XRP, LTC ETFs**, and **90% for DOGE, ADA, DOT**.
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### **DOJ Charges Two in $650M Forex & Crypto Scam**
*The Block* reports that **Michael Sims** and **Juan Reynoso** allegedly ran **OmegaPro**, a **$650M Ponzi scheme** promising **300% returns** via forex/crypto investments. Funds were frozen under false "hack" claims and diverted to personal wallets. Both face **up to 20 years** per charge.
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### **Tether Holds $8B Gold in Swiss Vault**
*Bloomberg* reveals **Tether** stores **$8B in gold** (80+ tons) in a **Swiss vault**, positioning itself among the **world’s largest holders**. CEO **Paolo Ardoino** called it "the safest vault."
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### **Binance Lists Tanssi Network (TANSSI)**
Binance Alpha and Futures will list **TANSSI**, offering **50x leverage** and an **exclusive airdrop** for eligible users.
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### **Eigen Labs Cuts 25% Staff, Focuses on EigenCloud**
CEO **Sreeram Kannan** announced **29 layoffs** to streamline operations for **EigenCloud** development, offering severance and extended benefits.
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### **Bitcoin/ETH ETFs See Major Inflows**
- **BTC ETFs**: +1,869 BTC ($203M), led by **BlackRock (+1,388 BTC)**.
- **ETH ETFs**: +23,129 ETH ($59.76M), led by **BlackRock (+20,670 ETH)**.
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### **OpenSea Buys Rally Wallet for Mobile & Token Trading Push**
*The Block* reports the acquisition aims to expand **token trading** across **19 blockchains**.
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### **Vertex Migrates to Kraken’s Layer 2 (Ink)**
Vertex will **shut its Arbitrum DEX**, rebuild on **Ink**, and phase out **VRTX** for **INK airdrops**.
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### **World Gold Council: Gold ETFs Surge $38B in H1**
Global gold ETF holdings rose **397 tons ($38B)**, with **$290B/day trading volume**—a **record high**.
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### **Ethereum Clients Now Support Storage Pruning**
The **Ethereum Foundation** announced **300-500GB storage savings** for nodes, a step toward **EIP-4444** (historical data expiration).
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### **Truth Social Files for Crypto Blue Chip ETF**
The **SEC filing** reveals plans for a **Bitcoin (70%) + ETH (15%) + SOL (8%) + CRO (5%) + XRP (2%) ETF** on **NYSE Arca**.
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### **Tether Invests in Blockchain Forensics Firm Crystal**
*CoinDesk* reports the move aims to combat **USDT-related crime**, after assisting in **freezing $2.7B**.
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### **ReserveOne Plans $1B Nasdaq SPAC Merger**
The **Bitcoin-focused asset manager** will merge with **M3-Brigade**, targeting **Q4 2025** listing.
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### **Disclaimer**
*This article represents the author’s views only and does not constitute investment advice. The platform disclaims liability for accuracy, completeness, or timeliness and any losses from reliance on this information.*