Crypto Startup Apologizes for Using Polymarket to Bet on Fundraising, Catching Backers Off Guard

Hyperliquid's native token, HYPE, has surged over 550% since its launch, but predictions on Myriad Markets suggest it may not hit $69.69 by September. Technical analysis indicates a 60% rally would be challenging in the near term.

WOO X, a Taiwan-based crypto exchange, froze withdrawals after $14 million was stolen from nine users in a hack. The exchange is working with security teams to stop the flow of funds and has reassured affected users that unauthorized withdrawals will be covered.

A Bitcoin whale moved $469 million in crypto after holding it for over 14 years, with the coins acquired during the time when Bitcoin creator Satoshi Nakamoto was active. The whale transferred over 3,962.6 BTC to a new wallet, which had no previous movements.

Elon Musk announced the return of Vine in AI form, sparking a surge in value for Vine Coin. The token, launched by Vine's co-founder Rus Yusupov, experienced a significant market cap increase.

Ripple's CEO warned of scams targeting XRP users after the cryptocurrency hit a new all-time high of $3.65, experiencing a 15% pullback. Scammers impersonating Ripple on YouTube are promoting fake XRP giveaways, taking advantage of the community's vulnerability.

Bitcoin remained stable amidst a recent correction for altcoins XRP, Solana, and Dogecoin. The largest cryptocurrency's price increased by 1.1% to $119,412, benefiting from reduced volatility. Glassnode analysts highlighted an on-chain air gap created during a recent rally, suggesting potential price stabilization zones.

Key players in the Solana ecosystem have released a blog post outlining a technical roadmap focused on addressing market structure challenges. The roadmap includes features like Application-Controlled Execution to give on-chain applications control over transaction execution, aiming to improve Solana's market microstructure.

John Woeltz and William Duplessie, accused of torturing a Bitcoin investor, were granted $1 million bail by Manhattan Judge Gregory Carro. The defendants face charges of kidnapping, assault, and weapons possession, part of a trend of "wrench attacks" targeting crypto holders.

India's tax authorities are utilizing artificial intelligence and international data-sharing agreements to combat crypto tax evasion, with a focus on enhancing data analytics and cross-border information exchange. The Central Board of Direct Taxes (CBDT) is actively participating in the Crypto-Asset Reporting Framework (CARF) to ensure automatic sharing of tax-related information on crypto assets between countries.

Coinspect reported that hackers are seizing control of abandoned DeFi protocol domains to deceive users and drain their wallets with malicious code. The attacks, identified on over 100 repurposed web domains, could escalate as the DeFi industry expands.