In the present day in crypto, CoinDCX crypto change hacked for $44 million, Cayman Islands-based Bullish has filed for IPO registration with the SEC, aiming to record on NYSE as “BLSH.” In the meantime, Bitcoin might briefly consolidate however new all-time highs are nonetheless potential for July.
CoinDCX crypto change hacked for $44 million
CoinDCX, an area crypto change in India, was hacked on Friday in a “refined server breach,” in keeping with CoinDCX founder and CEO Sumit Gupta.
The problem was remoted, and all consumer funds stay secure, the CEO mentioned in a June 19 X publish. The CEO launched this assertion:
“In the present day, one among our inner operational accounts — used just for liquidity provisioning on a associate change — was compromised as a consequence of a complicated server breach. I verify that the CoinDCX wallets used to retailer buyer property aren’t impacted and are fully secure.”
Onchain sleuth ZachXBT mentioned that $44 million was drained via the hack and has since been transferred to pockets addresses on the Solana and Ethereum networks.
Crypto change Bullish recordsdata for US IPO, targets NYSE itemizing as “BLSH”
Bullish, a cryptocurrency change owned by Bullish International, has filed for an preliminary public providing (IPO) in the USA. The Cayman Islands-based agency plans to record its strange shares on the New York Inventory Trade (NYSE) beneath the ticker image “BLSH.”
The precise variety of shares to be provided and the worth vary stay unspecified, in accordance to a Friday F-1 registration assertion filed with the US Securities and Trade Fee (SEC). Nonetheless, the change has granted the underwriters a 30-day choice to buy extra shares.
For fiscal yr 2024, Bullish reported a internet earnings of roughly $80 million. Nonetheless, regardless of this constructive full-year consequence, the corporate skilled a big downturn within the first quarter of 2025, reporting a internet lack of $349 million in comparison with a $104.8 million internet revenue in the identical quarter of 2024.
Moreover, the change claims over $1.9 billion in liquid property, together with money, Bitcoin (BTC), stablecoins and different digital property.
Bitcoin ‘pausing right here for air’ possible, however one other July ATH nonetheless potential
Bitcoin may very well be in for a quick consolidation part after its latest surge to new all-time highs — however one other leg up earlier than the tip of July isn’t off the desk, in keeping with Galaxy Digital’s head of franchise buying and selling, Michael Harvey.
“Consolidation round present costs is my base case given the big rally and new ATH,” Harvey advised Cointelegraph.
“I do count on BTC to pattern larger into the year-end, however pausing right here for air can be real looking,” Harvey mentioned, including:
“I believe the most effective case BTC worth into month finish is a continued sluggish melt-up.”
He defined that reaching new highs by the tip of this month is the most effective case situation and would require ongoing sturdy inflows into the US-based spot Bitcoin exchange-traded funds (ETF), continued accumulation by Bitcoin treasury corporations, and an aggressive improve in retail demand.
