GMX Hacker Turns White-Hat, Returns $40M, Keeps $5M

️ On today's Top Picks:

Crypto News

• Bitcoin $BTC reaches a new all-time high of ~$118K.

• ⭐️ Ethereum $ETH Foundation sells 10,000 ETH; sold via OTC to SharpLink Gaming $SBET.

• Coinbase $COIN acquires Opyn’s leadership team; acquisition does not include Opyn’s protocol or assets.

• Robinhood $HOOD launches Ethereum $ETH & Solana $SOL staking for US customers.

• ⭐️ Tornado Cash $TORN Co-Founder Roman Storm's trial to begin on July 14th; Storm faces charges of money laundering and sanctions violations.

Alpha

• Plasma to launch $XPL public sale on July 17th; vault deposits cannot be used for the sale, deposits and withdrawals lock on July 14th, deposits will remain locked for at least 40 days after the sale ends.

• Katana drops 67M $vKAT to pre-depositors; allocation based on amount & time deposited.

• Eclipse Community Lead Alucard posts "$ES TGE NEXT WEEK" on X; ES airdrop eligibility & allocation checker already live.

• Relay teases "Something (new) — 7.14.25" on X; to potentially launch yield-generating vaults.

• Towns drops points to members of partnered communities; Towns to potentially launch TGE & airdrop soon.

• Octant launches Epoch 8 allocation window; closes on July 24th; 30 projects participating.

• List of Upcoming TGEs, Listings, & Releases by ICO Analytics.

Airdrops

• Weekly Airdrop Recap by Earndrop.

• ⭐️ Caldera launches $ERA airdrop eligibility & allocation checker; eligible users must complete the pre-claim process by July 17th; Caldera users, Caldera quest participants, & more are eligible.

• Sunrise launches $RISE airdrop eligibility & allocation checker; eligible users must complete registration by July 14th; Sunrise testnet users, Sunrise quest participants, various NFT holders, & more are eligible.

• ZyFAI launches $ZFI airdrop claim for stakers; snapshot was taken on June 27th; staking points based on amount & time staked determined allocation.

• ICYMI Weekly Airdrop Recap (June 28th) by Earndrop.

• ICYMI PumpFun posts "...airdrop coming soon" on X; 24% of $PUMP supply allocated to Community & Ecosystem Initiatives.

Finance News

• US Federal Housing Finance Agency Chairman releases a statement claiming that Federal Reserve Chair Powell is considering resigning.

• US S&P 500 $SPX closed at a new all-time high of 6,280 on July 10th.

• US President Trump announces a 35% tariff on Canada beginning August 1st.

• Ark Invest $ARKK sells $6.5M worth of Coinbase $COIN shares; also sells $1.7M of Robinhood $HOOD shares.

• KULR Technology $KULR buys an additional 90 Bitcoin $BTC for ~$10M at $108,884 per BTC; now holds 1,021 BTC worth ~$120M.

• SharpLink Gaming $SBET buys an additional 10,000 Ethereum $ETH for ~$25.7M at $2,572 per ETH; now holds 215,634 ETH worth ~$634M.

• GameSquare $GAME buys ~1,818 Ethereum $ETH for ~$5M at ~$2,749 per ETH; acquisition a part of its $100M ETH treasury strategy;

• BIT Mining $BTCM to raise between $200M-$300M to buy Solana $SOL, as part of its expanded treasury strategy; to also convert all of its existing crypto holdings into SOL.

• xAI reportedly seeks up to $200B valuation in next fundraising round; most recently raised $10B through loans and cash investments in July.

Security and Exploits

• ⭐️ GMX exploiter returns ~$40M of stolen funds; retains $5M as bounty.

• Kinto $K exploited for ~$1.55M due to ERC1967Proxy backdoor; team plans to restore the lost liquidity & restore balances to a snapshot before the hack.

• Plasma X account was temporarily compromised, but has since been recovered; team suspects the threat actor used an X admin panel to gain access.

Token Unlocks

• Immutable $IMX / ~$12M / July 11th
• Aptos $APT / ~$55M / July 12th
• Starknet $STRK / ~$18M / July 15th
Sourced from Tokenomist

Funding

• ⭐️ Agora raises $50M in Series A funding led by Paradigm.

• NEXBRIDGE raises $8M in Series A funding led by Fulgur Ventures.

• Remix raises $5M in Seed funding led by Archetype.

• Aspecta raises an undisclosed amount in Strategic funding from YZi Labs.

The Degen Farmer