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With greed extensively visible among investors, the Ethereum price surge is leading the crypto market rally. Despite records of its invariant performance even when other digital assets boomed, things have changed this time. It is now among the most bullish cryptos today, outperforming Bitcoin, XRP, Solana, and many other top altcoins. Key Factors Fueling Today’s
The post Why Ethereum is Leading the 10% Crypto Rally Today? appeared first on CoinGape.
In the first six months of 2025, crypto thefts reached an unprecedented $2.1 billion, setting a new record for illicit activity in the crypto space.
This marks a significant escalation from previous years, with infrastructure attacks and state-sponsored actors, particularly North Korea, driving the surge in losses.
In its latest report, TRM Labs, a blockchain intelligence firm, disclosed that between January and June 2025, the crypto sector endured nearly 75 distinct hacks and exploits. These attacks led to losses exceeding $2.1 billion,
This represented a 10% increase compared to the previous record of $2 billion stolen in the first half of 2022. Moreover, the amount is nearly equivalent to the funds stolen throughout all of 2024.
“The first half of 2025 has delivered a stark reminder of the crypto ecosystem’s vulnerabilities,” the report read.
TRM Labs noted that most of the stolen funds in the first half of 2025 (over 80%) resulted from infrastructure attacks. This includes tactics like stealing private keys and seed phrases or compromising platforms’ front end. On average, these incidents caused 10 times greater losses than other attacks, highlighting their outsized impact on the crypto ecosystem.
“Infrastructure attacks refer to attack techniques that target the technical backbone of the digital asset system to gain unauthorized control, mislead users, or reroute assets. Often enabled by social engineering or insider access, these breaches expose critical weaknesses at the foundation of cryptosecurity,” TRM added.
The firm also revealed that protocol exploits accounted for 12% of the stolen funds. This involves flash loans and re-entrancy attacks.
Malicious actors exploit vulnerabilities in a blockchain protocol’s underlying logic or smart contracts. This allows them to extract funds or disrupt the system’s functionality.
Meanwhile, hackers stole over $100 million in January, April, May, and June. However, the industry witnessed the biggest losses in February with the Bybit hack. BeInCrypto reported that the North Korean Lazarus Group stole $1.5 billion from the exchange.
“This incident alone accounted for nearly 70% of total losses so far this year, pushing the average hack size to nearly $30 million — double the $15 million average in H1 2024,” the report stated.
It is important to note that the Bybit breach is not an isolated incident for North Korea-linked groups. In fact, state-sponsored groups have been tied to numerous high-profile hacks.
TRM Labs pointed out that North Korea-affiliated groups were behind $1.6 billion of the total stolen funds. Moreover, the report highlighted that other state actors are increasingly using crypto hacks as a tool for geopolitical leverage.
The latest Nobitex hack is an example of this. On June 18, pro-Israel hacking group Gonjeshke Darande (Predatory Sparrow) targeted Iran’s largest crypto exchange, resulting in a loss of over $90 million.
“Such events underscore how digital asset theft is becoming a covert instrument in geopolitical conflicts and national policy,” TRM Labs added.
To combat these exploits, TRM Labs advocated for a multi-layered defense strategy. Recommendations include regular security audits, multi-factor authentication (MFA), and using cold storage.
The firm emphasized the need for advanced defenses against state-level threats, such as improved insider threat detection and countermeasures for social engineering. Lastly, TRM Labs stressed the importance of global collaboration among law enforcement, financial intelligence units, and blockchain intelligence firms to track stolen funds and prosecute cybercriminals.
The post Crypto Theft Hits Record $2.1 Billion in Stolen Funds in H1 2025, TRM Labs Reports appeared first on BeInCrypto.
The post Pi Coin Price Prediction Today: Can it Hit $1 Ahead of Massive 223M Token Unlock? appeared first on Coinpedia Fintech News
Pi Coin is currently showing decent gains of over 3% on the day, but the token remains trapped within a tight trading range, unable to break convincingly above the $0.70 resistance level. Despite a small price uptick, concerns are mounting as more tokens are set to hit the market in the coming weeks.
Today, approximately 5.8 million PI tokens are scheduled to unlock, with a much larger wave — 223 million tokens — expected to be released over the next 30 days. This influx of supply could intensify downward pressure on the price, especially in the absence of strong buying demand.
At the time of writing, Pi is hovering around $0.66, a critical level for bullish sentiment. If the price can close above this level on the daily chart, analysts suggest it could open the door for a potential rally toward $1 or higher. However, failure to hold this support might see the price slide further, especially as token unlocks flood the market.
Since being listed in February, Pi Coin has seen dramatic price swings — climbing as high as $3 at its peak before plunging to lows around $0.40. The decline has left many early adopters and miners, particularly those active since Pi’s early days in 2019 and 2020, disappointed.
Several factors have contributed to Pi’s ongoing price struggles:
Mass Selling After Token Releases: Like many airdropped tokens, Pi faces significant sell-offs after token generation events. A large portion of its user base, especially in regions like Africa and Asia, has been quick to liquidate holdings for cash, leading to increased supply pressure.
High Circulating Supply: Currently, Pi has a circulating supply of over 6.9 billion tokens, with a total supply cap near 100 billion. Compared to Bitcoin’s capped supply of 21 million, the sheer volume of Pi tokens makes high price expectations — like $100 or even $10 — highly unlikely under current conditions.
Limited Real-World Adoption: Although Pi’s vision includes becoming a widely-used medium of exchange, real-world usage remains minimal. While a few businesses accept Pi, broader adoption is still lacking, which limits utility-driven demand for the token.
The post Pi Coin Price Prediction Today: Can it Hit $1 Ahead of Massive 223M Token Unlock? appeared first on Coinpedia Fintech News
Pi Coin is currently showing decent gains of over 3% on the day, but the token remains trapped within a tight trading range, unable to break convincingly above the $0.70 resistance level. Despite a small price uptick, concerns are mounting as more tokens are set to hit the market in the coming weeks. Today, approximately …
The post Tornado Cash vs OFAC Update: Court Prohibits Department of Treasury from Reinstating the Original Sanctions appeared first on Coinpedia Fintech News
United States District Judge for the Western District of Texas, Robert Pitman, ruled in favor of Tornado Cash, a popular crypto mixer, against the Office of Foreign Assets Control (OFAC). According to court documents dated April 28, the OFAC is now legally prohibited from reinstating the original sanctions.
In August 2022, OFAC added Tornado Cash to the Specially Designated Nationals and Blocked Persons (SDN) list. According to OFAC, Tornado Cash enabled bad actors, led by North Korea-backed Lazarus, to launder more the. $7 billion in crypto assets.
However, some Tornado Cash users, led by Joseph Van Loon, presented strong arguments that the Department of Treasury had overstepped its authority. On the top list, the Plaintiffs argued that Tornado Cash is not a person and immutable smart contracts are not property.
In addition to citing constitutional violations of free speech and financial privacy, Tornado Cash can seamlessly exist in the United States.
The final blow to the Department of Treasury by the Tornado Cash is a huge victory for the web3 developers in the United States and globally. The ruling was hailed by web3 leaders led by Paul Grewal, the Chief Legal Officer at Coinbase, among others.
Moreover, open source development of web3 protocols will take shape under the Donald Trump administration, especially amid the anticipated crypto legal clarity.
Meanwhile, TORN price gained around 1 percent following the announcement to trade about $7.38 at the time of this writing. The small-cap altcoin, with a fully diluted valuation of about $74 million and a 24 hour average trading volume of about $2.6 million, had rallied over 160 percent in the past year.
The post Tornado Cash vs OFAC Update: Court Prohibits Department of Treasury from Reinstating the Original Sanctions appeared first on Coinpedia Fintech News
The Tornado Cash victory against OFAC is a major milestone for the web3 and DeFi development in the United States and globally. The use of crypto mixers by bad actors remains an existential threat to the wider crypto market. United States District Judge for the Western District of Texas, Robert Pitman, ruled in favor of …