📰 Today's top news
1. Hack of CoinDCX for USD 44 million
The exchange CoinDCX was hacked, losing around USD 44 million. This incident once again highlights the vulnerability of exchanges to sophisticated attacks.
2. Bitcoin remains at historic highs and altcoins are growing
Bitcoin reached USD 123,000 in mid-July, and although there have been small corrections, it remains close to its highs. Currently, it dominates the market at ~61.8%, down from ~65.8% at the beginning of the month, which has favored a strong rebound in altcoins.
3. Strong capital rotation towards altcoins
The movements of large Bitcoin holders towards exchanges have triggered a rotation towards altcoins, indicating that the next "altseason" could be starting.
4. Venture investment in crypto infrastructure
During the period from July 13 to 19, USD 170.3 million was raised in venture capital for 10 projects, with Plasma receiving USD 50 million and Spiko another USD 22 million.
5. Stable regime for stablecoins in the U.S.
The U.S. House of Representatives approved the GENIUS Act on July 17, signed by Trump on the 18th, establishing clear rules for stablecoins: reserve disclosure, audits, and dual federal-state oversight.
This regulatory framework achieved a milestone: the global crypto market surpassed USD 4 trillion, driven by altcoins, Bitcoin (+20%, updated).
Additionally, Ether reached its highest level in six months, benefiting from increased stablecoin usage on the Ethereum network (fee payments), and companies linked to ETH saw significant gains.
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📈 Context and outlook
Institutional growth: With regulation on the way, institutional investment flows into BTC and ETH continue to increase, and crypto exchanges and ETFs report strong capital inflows.
Rotation towards altcoins: The decline in BTC dominance suggests a greater appetite for altcoins like Solana, Ripple (XRP), Cardano, Dogecoin, and Shiba Inu.
Innovation and risks: Recent hacks like the one at CoinDCX underscore that security remains a critical challenge.
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🧭 Quick recommendations
Monitor altcoins that are being driven by rotating capital and infrastructure (e.g.: Plasma, Spiko).
Closely monitor the implementation of the GENIUS Act: it marks the beginning of a stable regulatory environment in the U.S.
Keep an eye on Ethereum: with citizens and companies migrating to stablecoins, ETH positions itself as a pillar of the ecosystem.
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