Bitcoin increases to register maximums such as suggestions fed in rates cuts; GMX Exchange suffers $ 42 million hack
The cryptocurrency market witnessed a whirlwind of developments in the last 24 hours, with Bitcoin uploading to a historical maximum, a high profile hack that agitates decentralized finances and operations prior to the list for a new speculative fervor of tokens scarves among merchants. In a context of the increase in geopolitical tensions and political pressure on central banks, the cryptographic market is once again demonstrating its resilience against global uncertainty.
The total capitalization of the cryptocurrency market increased by 3% to reach $ 3.47 billion, while daily volumes were fired by 42%, reflecting the renewed enthusiasm of investors and greater market activity.
Bitcoin breaks the record in the middle of federal reserve fees signals
Bitcoin broke previous records, briefly trading close $ 112,000 After the Federal Reserve of the United States. UU. He arrived at the minutes of his most recent meeting of the Federal Open Market Committee (FOMC). While the Fed maintained its position on interest rates for now, it pointed out possible modest cuts in 2025, a movement that triggered a wave of optimism in cryptographic markets.
Market analysts pointed out that even the possibility of lower interest rates was sufficient to feed a significant purchase activity, and investors saw Bitcoin as coverage against economic uncertainty and possible inflationary pressures. Despite the increase in international tensions, including continuous commercial disputes and concerns about global growth, Bitcoin ascending impulse signals continued confidence in decentralized financial systems.
“This is a sign of the confidence of mature investors in Bitcoin, which is increasingly seen as a long -term value warehouse instead of a speculative asset,” said cryptographic analyst Lara Feldman.
Trump’s tariff threats generate interest in cryptography
In a parallel development, President Donald Trump announced plans to impose tariffs on more than 30 countries, including the main economies such as Japan, Brazil and Indonesia. These tariff threats sent waves through traditional financial markets, which caused concerns about possible interruptions of the supply chain and growing commercial wars.
However, within the cryptographic sector, imminent tariffs are seen as an opportunity for decentralized assets such as Bitcoin to obtain greater traction, particularly in the regions affected by new commercial restrictions. Analysts suggest that commercial tensions could accelerate cryptographic adoption as companies and people look for alternative means to transfer and store value through borders without the limitations imposed by traditional financial systems.
With a deadline of August 1 for the proposed tariffs that are approaching, merchants are closely observing Bitcoin’s price movements, which continue to demonstrate force amid macroeconomic challenges.
Hyperliquid opens trade prior to the launch for the pump token
Meanwhile, the Hyperliquid decentralized derivatives platform reached the headlines with the launch of the trade prior to the list for its pump token, taking advantage of its patented USD pump hyperpes. These innovative instruments allow users to exchange the pump token before their official debut on July 12, using an 8 -hour mobile average for prices instead of depending on external oracles.
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Merchants are allowed up to 3x leverage, which allows them to take long or short positions based on early price movements. Early commercial activity showed a robust demand, with the price briefly increasing before stabilizing, underlining the growing interest in the files of files still to be released.
However, hyperlichid has warned merchants about inherent risks associated with commercial hyperps, including Low liquidity, strong financing rate and possible settlement risks Due to high volatility. Once the pump token is officially listed in centralized exchanges, Hyperp contracts will become standard perpetual future, offering a perfect transition to merchants seeking to continue their positions after launch.
GMX Exchange suffers $ 42 million hack, raising security concerns
In a marked reminder of the challenges faced by decentralized finances, GMX Exchange suffered a Hack of $ 42 million From its Liquidity GRU Group, which affect assets in the networks of referee and avalanche. According to the reports, the attacker used Cash Tornado and the circle cross chain transfer protocol (CCTP) to obfuscate the flow of stolen funds, causing a generalized alarm within the cryptographic community.
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GMX responded quickly suspending trade in affected pools and announcing a 10% Bounty For the return of stolen assets. The Hack hit a variety of tokens, including Weth, WBTC and USDC, which led to Token GMX to decrease by more than 10% after the incident.
“This incident underlines the importance of solid security measures in the DEFI protocols, which remain vulnerable to sophisticated attacks despite progress in blockchain technology,” said cyber security analyst Jason Wu.
Hack has revived debates within the cryptographic community about compensation between decentralization and safety, with calls to improved audits, multiple layer security structures and real -time monitoring to mitigate future incidents.
Trump asks for a historical Fed fees when Bitcoin reaches another peak
In a politically charged development, President Trump asked for a Historical reduction of 3% of the interest rate of the Federal Reserve, frame it as a necessary measure to relieve financial pressures on American homes and companies. While the Fed is not expected to act in this application during its next meeting on July 30, Trump’s statement captured the headlines and fed discussions about the future trajectory of monetary policy in the United States.
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Simultaneously, Bitcoin increased to another higher record, operating close $ 119,360As investors interpreted Trump’s aggressive impulse due to lower rates as a sign of future monetary flexibility potential, which increases the demand for cryptographic assets as an alternative to traditional fiduciary currencies.
Analysts point out that the convergence of political, economic and technological factors is promoting cryptography markets to new heights, and Bitcoin looks more and more as a safe refuge in times of macroeconomic volatility.
CONCLUSION: Cilled market resilience in global changes
The last 24 hours have highlighted the dynamic nature of the cryptocurrency sector, where markets quickly respond to macroeconomic signals, security incidents and technological advances.
Bitcoin’s record performance underlines investor confidence in their role as a resistant asset in uncertainty. At the same time, incidents such as the GMX Hack highlight the continuous need for improved security in space to protect user’s funds and maintain confidence within the ecosystem.
Meanwhile, initiatives and trade prior to the Hyperliquid pump list illustrate how the cryptographic industry continues to innovate, providing new opportunities for merchants while presenting new challenges in the management of risks associated with unauthorized assets.
As political developments, including tariff threats and calls to aggressive monetary flexibility, continue to develop, the cryptography market remains about the intersection of technology and finance, offering growth opportunities while requireing the surveillance of participants who sail through their evolutionary landscape.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
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