Crypto Recovery, Major Hacks, and Macro Stability Amid Geopolitical Tensions

Key Crypto and Macro Market Updates

Arthur Hayes Predicts Bitcoin Resurgence Amid Market Weakness Arthur Hayes suggests that the sound of printing presses turning on again signifies an imminent recovery for Bitcoin as a defensive asset amid current market weakness.

Cointelegraph Hacked: Fake ICO Scam Alert Cointelegraph’s website was compromised, displaying fake ICO pop-ups with fraudulent CTG tokens. Hackers attempted to access crypto wallets using malicious JavaScript embedded in advertisements.

COSMFinance Suffers Hack, $310,000 Stolen COSMFinance was targeted by hackers who exploited a vulnerability in its smart contract, resulting in the theft of approximately $310,000.

Story Protocol Teases Major Upcoming Events Story Protocol has piqued the crypto community’s curiosity with hints of significant upcoming announcements, keeping the community eagerly awaiting further details.

Metaplanet Boosts Bitcoin Holdings Japanese firm Metaplanet expanded its Bitcoin investments by acquiring an additional 1,111 BTC. Its total holdings now amount to 11,111 BTC.

Grant Cardone’s Company Integrates Real Estate with Bitcoin Grant Cardone’s company recently added 1,000 Bitcoin to its portfolio and plans to purchase an additional 3,000 BTC, becoming the first to integrate real estate transactions with cryptocurrency.

OKX Considering U.S. IPO Crypto exchange OKX is exploring the possibility of an Initial Public Offering (IPO) in the United States following its relaunch in April, signaling significant growth ambitions.

FTX Rejects $1.53 Billion Claim from 3AC FTX dismissed a $1.53 billion lawsuit filed by hedge fund Three Arrows Capital (3AC), stating that the fund’s losses resulted from its own risky trading practices. The hearing is scheduled for August 12.

Macro Market Highlights

Trump Suggests Potential Regime Change in Iran Former President Donald Trump hinted at a possible regime change in Iran, stating the country might require new leadership to become great again.

Markets Calm Following U.S. Strike on Iran Markets remained relatively stable after the U.S. strike on Iran, with oil prices increasing by only 0.5%, refuting earlier panic-driven forecasts.

China’s Real Estate Market Losses Exceed Financial Crisis Levels China’s property market has lost approximately $18 trillion since 2021, surpassing total losses experienced by the U.S. during the global financial crisis.

Healthcare Stocks Lagging Significantly Behind S&P 500 Healthcare stocks are significantly underperforming relative to the S&P 500, marking the widest performance gap in 25 years.