Crypto Weekly Roundup: Trump Signs GENIUS Act, BigONE Hack, & More
The post Crypto Weekly Roundup: Trump Signs GENIUS Act, BigONE Hack, & More appeared on BitcoinEthereumNews.com. This week in crypto saw major regulatory developments with Donald Trump signing the GENIUS Act amid discussions of an executive order to allow crypto in 401(k) plans. Security concerns resurfaced with BigONE’s $27M hack, Arcadia’s $3.5M exploit, and the sudden disappearance of Abacus Market. Let’s find out more. DeFi Grvt (pronounced “Gravit”) is launching “Strategies”, an entirely new investment paradigm, a peer-to-peer (P2P) marketplace where everyday users can allocate capital into professionally curated investment and trading strategies managed by top-tier professionals. Web3 BTCC, the longest-operating cryptocurrency exchange globally, has released its July 2025 Proof of Reserves (PoR) report, disclosing an overall reserve ratio of 132%, marking the fourth consecutive month in which the exchange has maintained reserves well above full coverage. Web3 is undergoing a privacy revolution driven by companies like COTI, Zama, Fhenix, and Aleo, which are developing scalable, regulatory-friendly encryption solutions to enable private, secure, and compliant onchain activity across decentralized applications. Roxom has unveiled plans to launch what it describes as the world’s first Bitcoin-denominated capital market platform, combining both spot and derivatives trading. While crypto holds revolutionary potential in finance, mass adoption depends on making it simple, seamless, and user-friendly enough to meet the everyday needs of mainstream users. EthCC Cannes 2025 showcased Ethereum’s growing institutional adoption, major product launches, and vibrant real-world networking, solidifying its role as a key event bridging Wall Street, web3 innovation, and community spirit. Security Crypto exchange BigONE has confirmed a $27 million hot wallet hack caused by a third-party supply chain attack, pledging full reimbursement to users and activating internal reserves for recovery. Abacus Market, one of the most influential Bitcoin-enabled darknet marketplaces in recent years, has reportedly vanished without warning, fueling widespread suspicions of an exit scam. Arcadia Finance was hit by a $3.5 million exploit involving cross-chain transactions…
The post Crypto Weekly Roundup: Trump Signs GENIUS Act, BigONE Hack, & More appeared on BitcoinEthereumNews.com.
This week in crypto saw major regulatory developments with Donald Trump signing the GENIUS Act amid discussions of an executive order to allow crypto in 401(k) plans. Security concerns resurfaced with BigONE’s $27M hack, Arcadia’s $3.5M exploit, and the sudden disappearance of Abacus Market. Let’s find out more. DeFi Grvt (pronounced “Gravit”) is launching “Strategies”, an entirely new investment paradigm, a peer-to-peer (P2P) marketplace where everyday users can allocate capital into professionally curated investment and trading strategies managed by top-tier professionals. Web3 BTCC, the longest-operating cryptocurrency exchange globally, has released its July 2025 Proof of Reserves (PoR) report, disclosing an overall reserve ratio of 132%, marking the fourth consecutive month in which the exchange has maintained reserves well above full coverage. Web3 is undergoing a privacy revolution driven by companies like COTI, Zama, Fhenix, and Aleo, which are developing scalable, regulatory-friendly encryption solutions to enable private, secure, and compliant onchain activity across decentralized applications. Roxom has unveiled plans to launch what it describes as the world’s first Bitcoin-denominated capital market platform, combining both spot and derivatives trading. While crypto holds revolutionary potential in finance, mass adoption depends on making it simple, seamless, and user-friendly enough to meet the everyday needs of mainstream users. EthCC Cannes 2025 showcased Ethereum’s growing institutional adoption, major product launches, and vibrant real-world networking, solidifying its role as a key event bridging Wall Street, web3 innovation, and community spirit. Security Crypto exchange BigONE has confirmed a $27 million hot wallet hack caused by a third-party supply chain attack, pledging full reimbursement to users and activating internal reserves for recovery. Abacus Market, one of the most influential Bitcoin-enabled darknet marketplaces in recent years, has reportedly vanished without warning, fueling widespread suspicions of an exit scam. Arcadia Finance was hit by a $3.5 million exploit involving cross-chain transactions…
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