Crypto

The Ethereum Foundation is preparing to bring zero-knowledge technology to Ethereum, with plans to launch a zkEVM on the layer-1 network within a year. Ethereum is preparing for a significant architectural upgrade that could see a zero-knowledge Ethereum Virtual Machine (zkEVM) integrated directly into its layer-1 blockchain within a year. In a post by Sophia Gold, a developer in the Ethereum Foundation’s (EF) protocol support team, the EF outlined a path toward replacing traditional block execution with zero-knowledge proofs (ZK-proofs).  Instead of requiring every validator to re-run transaction blocks to verify them, the system will switch to validators only checking ZK-proofs, which are tiny cryptographic receipts that confirm everything was done correctly.  Read more

The crypto market is up today, with BTC breaking its ATH and ETH surpassing $3,000. ”The medium- and long-term outlook for Bitcoin remains overwhelmingly positive.” The post Why Is Crypto Up Today? – July 11, 2025 appeared first on Cryptonews.

The price rise was driven by a combination of the broader cryptocurrency market rally and a fresh $1 billion token burn.

Behind glowing startup facades, Darktrace warns, scammers—impersonating AI and Web3 founders—are luring victims with promises of crypto, only to silently siphon trust and wallets from unsuspecting believers in innovation The post Crypto-Stealing Malware Surges as Scammers Impersonate AI, Web3 Startups — Here’s the Catch appeared first on Cryptonews.

Local authorities and state-owned publications in mainland China are increasingly calling on the government not to dismiss the increasing global adoption of stablecoins. Mainland China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly showing signs of a shift in tone regarding stablecoins amid new developments in Shanghai. The Shanghai State-owned Assets Supervision and Administration Commission (SASAC) has held a meeting to discuss strategic responses to stablecoins and digital currencies, Reuters reported on Friday. Following the Thursday meeting, SASAC director He Qing called for “greater sensitivity to emerging technologies and enhanced research into digital currencies,” in a post on the authority’s official account. Read more

Your day-ahead look for July 11, 2025

Bitcoin hit a new all-time high above $118,000 as institutions drove the rally—while analysts predicted a $120K target by month-end.

In a surprising development, blockchain analytics platform Lookonchain reported that the attacker responsible for exploiting GMX, a decentralized derivatives exchange, agreed to a white-hat deal—offering to return the stolen $42 million in assets in exchange for a $5 million bounty. The post GMX Hacker Strikes White-Hat Deal: $42M Heist Turns $3M Profit After $5M Bounty Offer appeared first on Cryptonews.

Binance played a critical role in developing the USD1 stablecoin launched by the Trump family’s World Liberty Financial Inc. The post Binance Developed Code for Trump-Backed USD1 Stablecoin Before CZ’s Pardon Bid appeared first on Cryptonews.

Ethereum topped $3,000 for the first time since February, following the largest single day for ETH exchange-traded fund inflows.

The rally in FIL came as crypto markets surged higher with the Coindesk CD20 index rising 7%.

US-based spot Bitcoin ETFs saw a dramatic uptick in investor activity as the top crypto price reached a new all-time high of over $118,000, at least in dollars. According to SoSoValue data, the 12 funds saw cumulative inflows of $1.2 billion, the second strongest daily performance since launch in 2024, and the best this year. […] The post Bitcoin ETFs see record $1.2B inflow as market hits all-time high in dollars appeared first on CryptoSlate.

Attackers earlier this week exploited a re-entrancy flaw in the OrderBook contract, allowing the attacker to manipulate short positions on BTC, inflate GLP’s valuation, and redeem it for outsized profits.

The attacker behind the $40 million GMX exploit has begun returning the stolen crypto after accepting a $5 million white hat bounty offered by the GMX team. The attacker who exploited the GMX v1 decentralized exchange (DEX) and stole $40 million in crypto began returning the stolen funds after sending an onchain message promising to return the crypto.  In an onchain message flagged by blockchain security firm PeckShield, the hacker wrote that the funds will be returned. “Ok, funds will be returned later,” the exploiter wrote in an onchain message, accepting the bounty offered by the GMX team.  Almost an hour later, the hacker started returning the crypto stolen from the attack. At the time of writing, the address labeled GMX Exploiter 2 had returned about $9 million in Ether (ETH) to the Ethereum address specified by the GMX team in an onchain message.  Read more

Cybersecurity firm ReversingLabs uncovered two lines of malicious code in an update forETHCode, an open source suite of tools.

Malta has sought to lead the way in EU crypto regulation, though early leadership has not come without its challenges. Malta’s cryptocurrency market regulator said that none of the local licenses issued under the Markets in Crypto-Assets Regulation (MiCA) are at risk following a recent peer review by European Union regulators. “No MiCA license in Malta is at risk of revocation or re-evaluation as a result of the peer review outcomes,” a spokesperson for the MFSA told Cointelegraph, adding that the authority has already started addressing the issues identified in the review. The statement came after the European Securities and Markets Authority (ESMA), Europe’s primary supervisory body overseeing MiCA compliance, on Thursday released a peer review on certain MiCA authorization gaps by Malta’s Financial Services Authority (MFSA). Read more

Tasmania has become the latest Australian state to intensify efforts against crypto ATM scams after top users lost AUD 2.5 million to fraudsters. The post Australia’s Tasmania Joins Nationwide Crackdown on Crypto ATMs as Scam Losses Hit $1.6 Million appeared first on Cryptonews.

The token faces resistance at $5.03, but a break of that level opens the way to $5.20.

Ethereum showcased explosive bullish momentum with institutional demand accelerating through spot ETFs while shattering critical resistance levels.