According to the latest reports from Reuters, the exchange had prior knowledge of the data breach but delayed public disclosure, sparking concerns about transparency and security practices. Coinbase suffered a major data breach last month, exposing sensitive customer information, including names, addresses, and phone numbers. Coinbase Hack: Prior Knowledge & Delayed Disclosure Raise Concerns In a surprising revelation, Reuters reported that Coinbase had prior knowledge of a customer data leak as early as January. This raises questions about the company’s delayed public disclosure. According to Coinbase’s SEC filing, the company was aware that contractors had accessed unnecessary data in the “previous months”. The company added that they didn’t know that it was part of the larger operation until they received an extortion demand on May 11. On May 15, as CoinGape reported, Coinbase revealed a significant hack that involved the stealing of personal information of high-profile users like Sequoia Capital’s… Read More at Coingape.com
“God Candle” is a technical term used to describe a massive green candlestick on a price chart, indicating a sudden and sharp price surge within a short time.
In 2025, several altcoins are considered strong candidates to form God Candles. Ethereum (ETH), XRP, and Pi Network are the most anticipated.
Why Are Analysts Expecting God Candles for ETH, XRP, and PI?
The “God Candle” phenomenon often attracts investors due to its potential for outsized returns, especially when triggered by positive news, whale movements, or shifts in market sentiment.
1. Ethereum
Ethereum, the second-largest cryptocurrency by market cap, is drawing attention due to heavy accumulation by publicly listed companies. Analysts forecast that institutional demand could absorb the newly issued ETH following The Merge.
This strong demand is key to predicting a potential god candle for Ethereum.
“ETH is so ready to go absolutely vertical,” crypto expert Michaël van de Poppe said.
Analyst Alek predicted that ETH could rise to $4,000 in August.
“ETH right now is in consolidation phase and getting ready for the god candle,” Alek predicted.
2. XRP
XRP is the next contender. It’s a unique altcoin in the current market, attracting retail and institutional investors. The XRP community believes that ProShares launching an XRP futures ETF is a stepping stone to a spot ETF.
On Polymarket, the odds of a successful spot ETF approval have reached as high as 90%. A spot ETF could attract up to $100 billion into XRP, sparking a sharp price rally and potentially creating a god candle.
Because of this, some analysts are comparing XRP’s past price surges to anticipate a similar breakout. Historical charts show that XRP often forms monthly candles with large upward ranges.
“ANOTHER god CANDLE LOADING FOR XRP,” analyst Mikybull predicted.
Some investors are even more optimistic. They expect a July god candle for XRP to kick off a rally to $10 by 2025.
3. Pi Network
Despite being a controversial project, Pi Network still boasts one of the most loyal and active communities among altcoins.
Recent analysis shows that Pi’s price has stabilized, while exchange transfers have increased. Positive project news has come and gone, but Pioneers are now waiting for a bigger announcement: a Pi listing on Binance.
“Binance is one of the biggest exchanges in the world. If $Pi officially gets listed there, it could be a game-changer for price, volume, and adoption!” Pi UpdatesDaily said.
Pioneers believe this listing could push Pi to $10—or even as high as $314.
While it remains uncertain whether Binance will list Pi, the community has spotted some signs pointing in that direction. Binance has also previously surveyed users about the potential listing.
“There is no doubt that PI will have its biggest green candle soon,” Pi News predicted.
Altcoins Are Riskier Than Bitcoin in the Current Market
Although Ethereum, XRP, and Pi Network offer significant upside potential with the possibility of god candles, a report from Kaiko highlights a growing gap between Bitcoin and altcoins. Bitcoin continues to lead in both performance and stability.
Bitcoin vs Altcoin Sharpe Ratio And Annualized Volatility. Source: Kaiko.
“Bitcoin’s risk-adjusted returns now outpace most altcoins, with its Sharpe ratio surpassing high-flyers like SOL and XRP,” the Kaiko report stated.
This suggests that while altcoins might break out, they remain highly speculative and more prone to volatility in the current cycle.
The pipeline for this week’s top crypto news is packed with events spanning various ecosystems and with significant potential to influence asset prices.
Traders looking to capitalize on ecosystem-specific volatility can capitalize on the following events this week.
ChatGPT-5 Launch
AI crypto coins’ traders should consider watching the launch of ChatGPT-5 after the model’s training is completed.
ChatGPT 5 is expected to have enhanced reasoning and multimodal capabilities, delivering a unified, deeply capable AI experience. More closely, it will feature significant upgrades in reasoning and task optimization, setting a new benchmark in generative AI evolution.
The model is expected to integrate OpenAI’s most advanced architecture, so AI crypto coins may benefit from the launch.
Among the AI coins likely to witness ChatGPT-5-related volatility is Worldcoin (WLD). As of this writing, WLD was trading for $0.9816, up by nearly 3% in the last 24 hours.
FET and AGIX, previously Fetch.ai and SingularityNET, could benefit from AI automation and marketplace hype.
Meanwhile, RNDR could benefit from advanced rendering needs, GRT from data indexing demand, and TAO from decentralized AI interest.
Retail enthusiasm and media coverage may drive price surges, but corrections are possible post-hype, aligning with the buy-the-rumor and sell-the-news situation.
Notably, traders should stay vigilant, as such events are expected to attract scammers pedaling purported ChatGPT-5 meme tokens.
Coinbase To Integrate Base DEXs into its App
Another headline is Coinbase exchange’s move to integrate Base DEXs (decentralized exchanges into its super App. With this in the pipeline, Aerodrome DEX is a key highlight, following a June 12 announcement from the network.
“We will be integrating DEXs from Base directly into the main Coinbase app, enabling Coinbase users to access and trade millions of assets on-chain. Aerodrome’s best-in-class trading execution will soon be coming to millions of Coinbase users. The world is coming on-chain,” Aerodrome wrote in a post.
This is expected to be bullish for AERO, as the potential volume flowing through Aerodrome would be massive.
Meanwhile, Base chain creator Jesse Pollak sees the integration as an avenue to give every builder on the network a distribution scheme.
the thing I’m most excited about with @coinbase listing all @base assets via DEX is that it gets rid of the “ins and outs” dynamic of listings
Notably, Aerodrome is among the largest protocols on Base, accounting for a significant portion of the chain’s DEX volume and with $518.63 million TVL (total value locked).
DeFi App’s HOME Buy Back Proposal
Another crypto news item to watch is the end of the DeFi App’s HOME buyback proposal. With DIP-004 live, HOME buybacks are kicking off, igniting a potential cycle of value and rewards.
Defi App is back with a Vengeance
Releasing an app, buybacks, Over $3M for yappers. and $HOME pumping…
With 80% of DeFi App revenue recycled straight into HOME buybacks, the strategy supports future drops, factions, and ecosystem plays. This mechanism could align a token with product growth.
As of this writing, HOME was trading for $0.0349, up over 7% in the last 24 hours. The surge comes amid optimism that the buyback will reduce HOME’s circulating supply, boosting demand.
Solana’s Seeker Smartphone Shipping
In September 2024, Solana unveiled Seeker, promising an upgraded smartphone from the previous version, Saga. The device is expected to be more affordable and feature-rich, targeting a broader audience than Saga.
“We want to make it as easy as possible for whatever the next narrative [in crypto] is, whatever the next use case is — there can be a dozen apps offering that same use case in our store within days,” Solana Labs General Manager Emmett Hollyer said.
Seeker also offers hardware upgrades, crypto-specific tools, and app store features for token and DApp growth.
Aligning with the Solana Mobile hackathon, Seeker is due for shipping starting today, Monday, July 4, after entering the testing phase in March.
Seekers have entered the testing phase. Shipping starts Summer 2025.
You’ll be able to confirm/update your shipping address soon. Stay tuned for more info. pic.twitter.com/E1Xa64V9uK
It follows recent modifications and US President Donald Trump’s executive order to impose new tariffs on a number of its trading partners that will take effect on August 7.
Imports into the US from dozens of countries and foreign territories are subject to so-called ‘reciprocal’ taxes ranging from 10% to 41%.
Given the influence of US economic signals on Bitcoin, the pioneer crypto could witness volatility. Trump’s tariffs create global trade uncertainty, driving up costs for businesses and consumers.
While Bitcoin is decoupling from tariff news, the pioneer crypto has emerged as a hedge against inflation and market volatility, positioning the BTC price for impact on Thursday.
$107 Million Ethena (ENA) Unlocks
Closing the list of top crypto news this week is the $107.13 million worth of ENA token unlocks on Tuesday, August 5, from the Ethena ecosystem.
On Tuesday, 171.88 million ENA tokens will be unlocked, constituting 2.7% of the token’s circulating supply. Data on Tokenomist.ai shows these tokens will be allocated to core contributors and investors, putting the ENA price at the cusp of a supply shock.
With a history of large token unlocks driving prices down, the Tuesday token unlock event could see Ethena price correct the 12% gains recorded Monday, as traders buy the rumor.
Bitcoin (BTC) is poised to reach significant price milestones in 2025, backed by optimistic forecasts from Matrixport, Willy Woo, and other institutions.
With support from ETFs and a positive market sentiment, Bitcoin is a speculative asset and a promising long-term investment option. However, if the profitable supply exceeds 90%, the market must remain cautious of potential corrections.
Numerous Positive On-Chain Metrics
The Bitcoin market is showing encouraging signs as the supply on centralized exchanges (CEX) has dropped to a 7-year low. According to data from CryptoQuant, only about 2.492 million BTC remain on exchanges. This is a sharp drop from 2.488 million BTC, recorded on the previous Friday.
Moreover, CryptoQuant reports that the percentage of Bitcoin’s supply in profit has surpassed 85%, a historically high figure. However, they caution that if this ratio exceeds 90%, the market may enter a “historic euphoria” phase and face a correction. This suggests that while the current metrics are favorable, vigilance is required to navigate potential volatility.
Over the past seven days, Coinglass data recorded approximately 56,164.88 BTC being withdrawn from CEX platforms. This indicates that investors are accumulating and reducing selling pressure, which is often seen as a bullish signal. A reduced supply on exchanges lowers selling pressure, paving the way for price growth.
Additionally, new capital inflow into the market is rising. According to a CoinShares report, $3.2 billion poured into Bitcoin funds in the last week of April 2025. These factors are bolstering confidence that Bitcoin could soon hit significant price targets.
Experts’ Optimistic Forecasts for BTC
Amid a generally optimistic market outlook, numerous experts and organizations have expressed positivity regarding BTC’s price. Matrixport, a reputable crypto service platform, asserts that Bitcoin’s upward momentum is gaining strength.
In its latest analysis, Matrixport indicated that Bitcoin is approaching the $106,000 resistance level, with a strong likelihood of breaking through this mark soon. Previously, Matrixport had predicted that new capital inflows into the market would propel Bitcoin past the $100,000 threshold.
Willy Woo, a renowned analyst in the crypto industry, also shared an optimistic view on X. He believes that Bitcoin’s fundamentals have shifted to a bullish state, with the market likely to either move sideways or rise slowly in the coming period.
“BTC fundamentals have turned bullish, not a bad setup to break all-time highs,” he stated.
Woo emphasized that the “bullish ascending triangle” pattern he previously mentioned is forming, signaling a potential strong upward move if Bitcoin breaks through the resistance level.
Furthermore, a Coinness report revealed that 45.4% of South Korean investors believe Bitcoin will outperform gold in the next six months. It reflects strong confidence from a key Asian market.
Additionally, as reported by BeInCrypto, ARK Invest predicts that Bitcoin’s price could reach $2.4 million by 2030, driven by the growth of Bitcoin ETFs and increasing adoption by financial institutions. These long-term forecasts further reinforce the belief that Bitcoin’s potential extends far beyond the $100,000 mark, with significant growth prospects in the future.
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