Crypto & forex expert with 7+ years experience, MSc in Info Systems, advisor at Iktifa, and content creator with 350K+ followers in the Arabic-speaking world.
Crypto exchange BitMart has announced it will cease operations, joining the growing list of exchanges exiting the market.
Starting July 26, new account registrations, deposits, and trading orders have been suspended. All trading activities are scheduled to end on August 26.
📉 Following the announcement, BMX plunged approximately 63% in the last 24 hours.
🚨 DeFi hit by a wave of exploits, with over $35.5M stolen in just hours.
🔴 AFX Trade: $24.15M lost after its Arbitrum USDC bridge was exploited.
🔴 Verus: $7.55M drained through an Ethereum bridge vulnerability.
🔴 B² Network: $3.86M stolen after attackers compromised staking contract upgrade authority. Staking has been paused while security measures are completed.
🟥 Bearish bets against U.S. stocks have climbed to record highs.
📉 Short interest has reached 3.79% for the S&P 500 and 6.3% for the Russell 3000, marking the highest levels since S3 Partners began tracking the data in 2010.
📉 Venture capital activity in the crypto sector has fallen to its lowest level in five years, with total funding dropping from $3.8B in April to $1.4B in June.
💰 So far in July, crypto projects have raised just $456 million, highlighting weaker investor activity across the market.
🚨 DRAM memory prices have surged by as much as 300% as booming AI data center demand continues to tighten global supply.
📈 Memory chips have outperformed gold and most major commodities this year, while consumer DDR5 prices are also hitting record highs as manufacturers prioritize higher-margin server memory production.
🚨 Bitcoin’s Long-Term Holder Dominance Ratio has climbed to a 30-month high, signaling strong and accelerating accumulation by long-term investors, according to CryptoQuant.
🚨 Bitcoin is approaching a major long-term support level.
According to Support & Resistance data from Fidelity, $BTC remains in the accumulation zone and is getting closer to its Power Law support line—a level many analysts consider a strong historical price floor.
❓Do you think this could be the launch point for Bitcoin’s next major bull run?