SUI ist aus einem inversen Kopf-Schulter-Muster ausgebrochen, was den Kurs des Altcoins auf 3,89 US-Dollar hieven könnte.
Why is ZK proof altcoin Lagrange (LA) dropping amid a rally in crypto market
- Lagrange (LA) drops 22% despite Binance listing and market rally.
- LA price currently hovers near key support at $0.3902 after a sharp correction.
- The recent price drop follows June’s 216% surge after Coinbase listing.
Lagrange (LA), a zero-knowledge proof altcoin designed to power advanced blockchain computations, is experiencing a sharp price decline even as broader crypto markets enjoy a bullish momentum.
The downturn comes at a time when major coins like Bitcoin (BTC) and Ethereum (ETH) are climbing, leaving investors wondering why Lagrange is bucking the trend so dramatically.
Although the project has been praised for its cutting-edge infrastructure, recent events seem to be reshaping market sentiment around the LA token.
Binance listing triggered unexpected sell-off
Just days ago, Binance, the world’s largest crypto exchange, announced its official support for Lagrange (LA), listing the token on several of its services, including Binance Simple Earn, Convert, Margin, and Buy Crypto.
Contrary to expectations, the news did not boost LA’s price; instead, it marked the beginning of a rapid downturn, with the asset plummeting from a seven-day high of $0.676 on July 9 to $0.416 within 24 hours.
This decline continued into July 11, as Lagrange (LA) shed an additional 12.2% in daily trading, settling at $0.3996 despite the high trading volume of over $164 million.
While exchange listings typically trigger price surges, some analysts suggest that the Binance announcement may have encouraged profit-taking from traders who had anticipated the news.
A brutal 7-day correction
The recent 7-day trend has not been kind to Lagrange, with its price tumbling by over 22%, placing it near a key support zone between $0.3902 and $0.4554.
With broader market sentiment remaining positive, LA’s decline is unusual and hints at token-specific dynamics at play rather than market-wide weakness.
Currently, the altcoin is hovering just above a crucial technical level at $0.3902, and failure to hold this support could lead to further downside.
However, if buyers manage to regain control, analysts say a short-term rebound toward $0.4800 or even $0.5000 remains within reach.
Notably, the decline follows a recent rally in June, when LA surged by over 216% after being listed on Coinbase, rising from $0.253 to $1.50 in just a day.
That spike, while impressive, may have set the stage for a correction, especially with the token hitting an all-time high of $1.72 on June 6 before reversing course.
Since then, LA has dropped nearly 77% from its peak, creating growing concerns among traders about the sustainability of its gains.
This rapid boom-and-bust cycle has made LA a volatile token to watch, particularly for short-term traders navigating resistance and support zones.
Where does Lagrange (LA) go from here?
While Lagrange’s recent price trajectory is troubling for holders, the asset is approaching technical levels that could invite fresh buying interest.
Should Lagrange (LA) maintain support above $0.3900, there is potential for a modest rebound in the short term, particularly if positive momentum from the broader market spills over.
On the other hand, a breakdown below this level could lead to increased selling pressure, potentially pushing the token toward new lows.
For now, investors are advised to watch market signals closely and weigh the risks of volatility against the project’s strong technological foundation.
The post Why is ZK proof altcoin Lagrange (LA) dropping amid a rally in crypto market appeared first on CoinJournal.
Ethereum races past $3,000 for first time in 5 months amid ETF surge and treasury boost
- Ethereum (ETH) surged past $3,000 for the first time in five months, gaining nearly 9% in 24 hours.
- BlackRock’s ETHA ETF posted record daily inflows of $300.9 million, leading a $383.1 million day for U.S. spot ETH ETFs.
- SharpLink Gaming purchased 10,000 ETH from the Ethereum Foundation, boosting its treasury to over $550 million.
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has reclaimed the $3,000 mark for the first time in five months, buoyed by bullish momentum across the broader crypto market.
The token is currently trading at $3,055, up nearly 8% in the past 24 hours.
ETH last traded above $3,000 on February 2, before undergoing a sharp correction that saw it fall to as low as $1,387 in April.
That decline followed heightened market uncertainty surrounding former President Donald Trump’s “Liberation Day” tariff announcement.
While Ethereum’s recovery has been notable, it still trails Bitcoin’s (BTC) performance and remains about 38% below its all-time high of $4,878 set in November 2021.
In contrast, BTC recently reached new record highs, helping to lift the entire cryptocurrency sector.
Record inflows into Ethereum ETFs
A major driver behind ETH’s recent surge is renewed institutional interest, particularly via spot Ethereum exchange-traded funds (ETFs).
BlackRock’s iShares Ethereum ETF (ETHA) saw a record-breaking $300.9 million in net daily inflows on Thursday as ETH neared the $3,000 threshold.
That marked the fund’s strongest day since its launch and pushed its five-day inflow total to $623.4 million.
The previous record stood at $292.7 million on December 5, 2024.
Overall, US-listed spot Ethereum ETFs brought in a combined $383.1 million in net inflows on Thursday.
Fidelity’s FETH added $37.3 million, followed by Grayscale’s ETH and ETHE with $20.7 million and $18.9 million, respectively.
Bitwise’s ETHW and VanEck’s ETHV recorded $3.2 million and $2.1 million in inflows.
“We have a new daily inflow record for iShares Ethereum ETF… $300+mil,” noted Nate Geraci, president of NovaDius Wealth Management, on X (formerly Twitter).
Bloomberg Senior ETF analyst Eric Balchunas also highlighted that ETHA had logged record daily trading volumes of over $800 million on both Wednesday and Thursday, forecasting “chunky” inflow data, which the latest figures confirmed.
SharpLink deepens ETH treasury with foundation purchase
Further supporting Ethereum’s bullish backdrop, Nasdaq-listed SharpLink Gaming (SBET) disclosed a significant over-the-counter ETH acquisition from the Ethereum Foundation.
The Minneapolis-based firm purchased 10,000 ETH for $25.7 million, executed at a price of $2,572.37 per coin on July 10.
This brings SharpLink’s ETH holdings to approximately 215,634 coins, valued at around $558 million at current market prices.
The transaction positions SharpLink as the second-largest corporate holder of ether, with the company signaling ongoing support for the Ethereum ecosystem.
“SharpLink is acquiring, staking, and restaking ETH as responsible industry stewards,” said Chairman and Ethereum co-founder Joseph Lubin, emphasizing the firm’s efforts to remove supply from circulation and strengthen the network’s decentralization.
SharpLink began shifting its balance sheet toward ether in early June, financing the initiative through at-the-market share sales.
The company raised up to $425 million in a private placement led by Consensys, Lubin’s crypto infrastructure firm.
While the Ethereum Foundation has previously sold ETH from its treasury, direct transactions with publicly listed companies are rare, making this deal a notable development in institutional crypto adoption.
The post Ethereum races past $3,000 for first time in 5 months amid ETF surge and treasury boost appeared first on CoinJournal.
Hacker starts returning $40M in stolen funds from GMX exploit
- At the time of writing, the total amount returned to GMX stood at approximately $20 million.
- GMX acknowledged the technical sophistication of the exploit and issued a $5 million bounty for the return of funds.
- The attacker reportedly manipulated the price of GLP tokens, draining a variety of crypto assets from the platform.
The attacker who exploited a vulnerability in the GMX v1 decentralised exchange and stole approximately $40 million in crypto has begun returning the stolen assets after accepting a bounty offered by the GMX team.
According to blockchain security firm PeckShield, the hacker sent an on-chain message acknowledging the bounty and indicating willingness to cooperate.
“Ok, funds will be returned later,” the exploiter wrote in a blockchain transaction, referencing the terms outlined by GMX for a partial return of the stolen funds.
The hacker starts transferring funds back
Less than an hour after the message was broadcast, the attacker began transferring funds back to the address specified by GMX.
PeckShield reported that about $9 million in Ether (ETH) was sent to the team.
The Ethereum address used in the transaction has been labelled GMX Exploiter 2 on blockchain tracking platforms.
PeckShield also flagged two separate transfers of FRAX stablecoins, with the attacker returning $5.5 million in one transaction and an additional $5 million later.
At the time of writing, the total amount returned to GMX stood at approximately $20 million, representing half of the stolen assets.
The original exploit, which occurred on Wednesday, targeted a liquidity pool on GMX v1, a perpetual trading protocol deployed on the Arbitrum Layer 2 network.
The attacker reportedly manipulated the price of GLP tokens, draining a variety of crypto assets from the platform by exploiting a design flaw in the protocol.
GMX offered $5 million white hat bounty
In response to the breach, GMX acknowledged the technical sophistication of the exploit and issued a $5 million bounty for the return of funds.
In a post on X (formerly Twitter), the GMX team addressed the hacker directly, offering the bounty under a “white hat” classification, which would allow the attacker to spend the funds legally if the bulk of the assets were returned.
“You’ve successfully executed the exploit; your abilities in doing so are evident to anyone looking into the exploit transactions,” GMX wrote. “The white hat bug bounty of $5 million continues to be available.”
The team emphasized that the bounty was intended to eliminate legal and practical risks associated with using stolen crypto.
GMX also offered to provide proof of the source of funds if needed, enabling the exploiter to pass compliance checks or audits.
In addition to the public bounty, the GMX team issued an on-chain ultimatum, stating that legal action would be pursued within 48 hours if the funds were not returned.
The post Hacker starts returning $40M in stolen funds from GMX exploit appeared first on CoinJournal.
HBAR price soars as South Korean trading app Salt launches on Hedera
- HBAR price rose 15% to hit highs of $0.20 as Bitcoin jumped to a new all-time high.
- Salt app launch on Hedera amid overall bullish sentiment could push HBAR price to key resistance at $0.37.
- The all-time high of $0.57 reached in September 2021 is a potential short-term target.
HBAR, the native token of Hedera, has jumped by more than 15% in the past 24 hours to hit highs of $0.20.
This comes amid Bitcoin’s spike and news related to the launch of Salt, a South Korean-based mobile trading application on Hedera.
The token is also up amid the recent announcement of a milestone integration involving NVIDIA Blackwell, EQTY Lab’s Verifiable Compute, SCAN UK, Accenture Public Sector, and Hedera.
Could these developments spark further adoption for HBAR and hence boost the token’s price?
Hedera (HBAR) price spikes amid Salt beta launch
Salt’s beta version is going live on Hedera, a move the Hedera Foundation announced early Friday.
The integration has catalyzed a notable increase in HBAR’s price, which is up 15% in the last 24 hours and over 32% higher over the past week.
Salt’s integration on Hedera is eyeing the MemeFi space, the Hedera Foundation said.
The South Korea-based app will leverage the Hedera network’s scalability and efficiency, offering users access to over 30 chains and major decentralized exchanges (DEXs).
It’s great to see that @saltapp_xyz, the South Korean-based trading application, has launched its beta on @Hedera to help expand the MemeFi ecosystem across APAC and beyond 🇰🇷 pic.twitter.com/9YtKLIDn1W
— Hedera Foundation (@HederaFndn) July 11, 2025
The strategic importance of this partnership is that it expands Hedera’s presence in the Asia Pacific region. It will make DeFi on Hedera “fast, familiar, and fun”.
“SALT is a mobile trading app on Hedera that makes DeFi feel fast, familiar, and fun. One-click wallets get you in, smart routing gets you the best trade, and a clean interface keeps you moving,” Hedera Foundation posted on X.
This broad connectivity is expected to attract a diverse user base, fostering increased trading activity and liquidity for HBAR.
Additionally, Salt’s reward system, which allows traders to earn points through swaps, referrals, and engagement, further incentivizes user participation, potentially driving demand for HBAR.
Hedera price prediction
As well as the overall Bitcoin-driven bullish sentiment, the surge in HBAR’s price is getting upward support from recent Hedera ecosystem milestones.
One of these is an announcement that sees the NVIDIA Blackwell platform support EQTY Lab’s Verifiable Compute deployment.
Per an announcement, the collaboration also involves computer hardware suppliers SCAN UK and Accenture Public Sector.
The EQTY Lab’s initiative is built on Hedera, adding to the potential adoption exposure for HBAR.
According to market analysts, HBAR price can target the robust resistance level at $0.37 if bulls go higher.
Further legs up will bring the all-time high of $0.57, achieved in September 2021, into view as a potential short-term target.
However, the key support levels remain around $0.13.
The post HBAR price soars as South Korean trading app Salt launches on Hedera appeared first on CoinJournal.