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From the holdings of the US government to Bitcoin and exchange updates, we’re tracking today’s most important crypto and AI stories as they unfold. This article will be updated throughout the day.
🕘 6:00 AM:
International Crypto Exchange Suspends Withdrawal of 50 Tokens After Suffering $12M Loss
Trading platform WOO X confirmed that nine user accounts experienced unauthorized withdrawals.
According to Cyvers, a security solutions platform for web3,a suspicious address on ETH received one million $USDT from WOO X’s hot wallet, which was swapped to ETH. After which, $7.3 million worth of funds was moved to a new address. Meanwhile, 5 BTCB on the BNB Chain was received from WOO X, swapped to BNB, and sent to another brand-new address.
WOO X said that withdrawals will be temporarily suspended while its team is completing the internal review. Affected user accounts will also be fully covered.
NASDAQ-Listed Technology Company Acquired ‘Rare’ CryptoPunk NFT, Purchased $10M $ETH
GameSquare Holdings Inc., listed on the NASDAQ stock exchange under the ticker GAME, announced its strategic purchase of a rare and highly sought-after “Cowboy Ape” CryptoPunk NFT from Robert Leshner, the founder of the DeFi protocol Compound and CEO of Superstate.
Leshner received $5.15 million worth of preferred stock that is convertible into approximately 3.4 million shares of GAME at $1.50 per stock share. The move is the first direct NFT investment as part of its treasury strategy.
On the other hand, the purchase of $10 million worth of ETH increased the company’s holding to 12,913.49 ETH as of July 24, 2025. These updates are part of the Company’s crypto treasury management strategy with a current authorization of $250 million.
Crypto Whale Moved Almost $500M Worth of BTC Who Has Been in HODL for 14.5 Years
A Bitcoin wallet, with an address of 15MZvKjqeNz4AVz2QrHumQcRJq2JVHjFUz, sold 3,962 BTC for $118,115.46 each. The transaction incurred a 0.000412 BTC fee.
The wallet first received 100 BTC in January 2011. It then received more BTC in 2014, 2015, 2018, 2019, 2020, 2021, and 2024.
🕘 7:00 AM:
US Government Did Not Sell $170K BTC, But Holds 198K BTC: Arkham
The blockchain analysis platform rejected the claim of U.S. Senator Cynthia Lummis that the national government sold off over 80% of its BTC reserves, saying that the BTC owned by multiple addresses are held by different government arms and none of the assets has moved for four months.
These include the BTC seized by FBI, DOJ, DEA, and U.S. Attorney’s Offices.
Tether CEO Confirms: USDT to be Compliant to US Regulations
Paolo Ardoino, the CEO of Tether, confirmed that the USDT issuer is aiming to set the stablecoin comply with the Guiding and Establishing National Innovation for U.S. Stablecoins Act, also known as the GENIUS Act, a federal law recently signed by U.S. President Donald Trump aimed at creating a comprehensive regulatory framework for stablecoins.
Under the GENIUS Act, foreign issuers must obey U.S.’ anti-money laundering laws and undergo intricate audit reserves. USDT is considered a foreign stablecoin because Tether is headquartered in El Salvador.
Moreover, Ardoino admitted that Tether’s reserves have never undergone a full audit, bu assured that for the next three years, his team will be “going to be very precise and very dedicated to that.”
The CEO also expressed interest to issue a U.S.-specific stablecoin.
🕘 8:00 AM:
For Better Capacity: Solana Devs Introduced Document to Increase Network’s Per-Block Compute Limit to 100M
From 60 million compute units, SIMD-0286 is expected to deliver more throughput for DeFi users and builders, according to the Solana Foundation’s GitHub proposal.
Currently, at 60 million compute units, Solana is said to process 1,700 transactions per second in daytime traffic. Thus, at 100 million compute units, Solana can offer bigger ceilings, which allow high-intensity programs, such as order-book DEXs and MEV auctioneers, to run without encountering errors.
XRP Became 91st Largest Asset Globally: Exceeding Pepsi, Uber, and AT&T
Following the recent run of XRP as the third-largest cryptocurrency in terms of market cap with a 70% surge, the asset experienced entering the top 100 largest assets on July 24 nighttime.
However, as of this writing, XRP slid down to 106th place and is above Thermo Fisher Scientific, Citigroup, and Accenture.
Bitcoin also slid down to 7th place from 6th place, while Ethereum retained its 29th rank.
🕘 9:00 AM:
L1 Blockchain Monad Confirms Mainnet Launch, Teases $MON Launch Date
In an X post, Monad showed the launch date and total supply of its native token, $MON. However, the post stated that only one piece of information is correct.
Its community investigated the matter and cited CoinMarketCap’s post that $MON will be launched on September 30, 2025, with a 100 billion total supply.
However, it should be noted that CoinMarketCap has put on its platform that the “likely launch” of $MON will be in Q4 2025, which is between October and December.
Verified X user @wyckoffweb emphasized that the Monad team confirmed that the mainnet launch will be on September 30.
This article is published on BitPinas: US Gov’t Holds Atleast $23.5B Worth of Bitcoin | BitPinas Live Crypto Updates | July 25, 2025
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