14 Aug 2025, 11:16

Fundstrat’s Tom Lee Predicts a $15,000 Ethereum by Year-End, Calls It the “Biggest Macro Trade”

Fundstrat projects Ethereum to hit $12K-$15K by 2025 on institutional adoption. Ethereum dominates 55% of the $25B real-world asset tokenization market. Corporate ETH accumulation, led by BitMine, could sustain long-term price growth. The Wall Street research firm Fundstrat brought together a new forecast for Ethereum predicting the price to surge between $12,000 and $15,000 by the end of 2025. The firm is now calling ETH the “biggest macro trade” of the next decade, a bet it says is driven by a perfect storm of Wall Street adoption, new stablecoin regulations, and the growth of tokenized real-world assets (RWAs). Wall Street and Regulation Set the Stage Fundstrat’s chief, Thomas Lee, argues that Ethereum will play a central role in the blockchain economy for the next decade. He points to the new GENIUS Act, which creates clear rules for stablecoins, and the SEC’s “Project Crypto” as key regulatory developments that are accelerating institutional adoption. With most stablecoin and enterprise projects already building on Ethereum, its position as the leading smart contract platform is only getting stronger. ETH is arguably the biggest macro … The post Fundstrat’s Tom Lee Predicts a $15,000 Ethereum by Year-End, Calls It the “Biggest Macro Trade” appeared first on Coin Edition .

14 Aug 2025, 11:16

Ripple Exec Shares Insight on XRPL Strategic Shift in Singapore: Details

XRP Ledger powering institutional adoption shift

14 Aug 2025, 11:15

Altcoin Season Close as Ethereum Surges 30% in a Week: Top Altcoins to Buy

Ethereum ($ETH) is nearly back at its all-time high (ATH) of $4,868.80, recorded in November 2021. With its price now hovering between $4.7K and $4.8K, investor excitement is building. Altcoin season appears to finally be around the corner. And that makes now the best time to buy the top altcoins, including newcomers like Snorter Token ($SNORT) and Best Token ($BEST) . Ethereum’s ETF-Driven Rally & Treasury Demand Over the past three days, spot Ethereum ETFs attracted a staggering $2.3B in US inflows , equating to roughly 500K $ETH. That’s more than the 450K $ETH issued by the network since the Merge in September 2022. An incredible $1.03B of that inflow came on Monday, August 11, as traders roared back after the weekend. Even apart from red-letter days like that one, $ETH ETF inflows have been on a nearly-uninterrupted hot streak recently. BlackRock’s iShares Ethereum Trust snagged $500M+ of that $1.03B inflow by itself. Standard Chartered highlights that ETFs now account for about 3.8% of ETH’s circulating supply , while treasury firms have accumulated 2.3M $ETH (1.9% of total supply) since June, and may eventually hold up to 10%. That’s roughly on-par with the amount of $ETH held in treasury companies, per Standard Chartered. Unsurprisingly, given the above stats, Standard Chartered upped its year-end price prediction for Ethereum . The company now expects $ETH to hit $7.5K, up from its original prediction of $4K. The ETF surge and accompanying price prediction increase reinforces bullish investor sentiment. It also highlights an ongoing supply-demand crunch. There’s far more $ETH flowing out of exchanges than there is coming in, creating a compelling supply-demand dynamic. On-Chain Supply Pressure & Price Momentum It’s not so much limited supply but booming demand that’s creating prime conditions for $ETH to make big moves. Ethereum is facing shrinking sell-side pressure: over the past month, exchanges have seen average withdrawals of 40K ETH per day – a negative netflow. On the institutional level, that’s Ethereum heading into crypto treasuries or ETFs; on the retail end, it points to investors likely HODLing, staking, or sinking $ETH into DeFi activity. On that side, Ethereum’s total volume locked (TVL) in DeFi just passed $96.9B – within range of the peaks of 2021, when TVL sat north of $100B. Key Price Points & Future Predictions $ETH decisively reclaimed key resistances at $4K and $4.5K, and is now challenging the $4.8K ATH. A breakout beyond this level could trigger a move toward $5K, while a short pullback may consolidate at the $4K support zone. The economic laws of supply and demand are hard to beat, leaving Ethereum in a prime position to continue its strong performance. Analysts are taking note: VanEck acknowledges the connection between Ethereum and growing crypto sectors, like tokenization and stablecoins (accounting for 62% of all stablecoin value transfer in 2025). It adds that Ethereum could ‘still emerge as a better store of value than Bitcoin.’ Tom Lee of Fundstrat highlights the immense growth potential still available with Ethereum, noting that it is still ‘undersold’ from an institutional point of view. Some 48% of investor portfolios contain exposure to gold – only 9% to crypto. It’s no surprise that while Standard Chartered thinks Ethereum will hit $7K, Fundstrat forecasts $10K to $15K in a far more ambitious prediction. And Standard Chartered shares the same long-term bullishness. It estimates that Ethereum could reach $25K by 2028. A bullish Ethereum is a bullish altcoin market all round. If you’re thinking of investing in potentially explosive altcoins, Snorter Token ($SNORT) , Best Token ($BEST) , and Tron ($TRX) stand out as cryptos ready to make big moves. 1. Snorter Token ($SNORT) – Find, Trade, Win Solana-Based Meme Coins on Telegram Snorter Token ($SNORT) is a utility-oriented meme coin powering Snorter Bot, a Telegram-native crypto trading bot engineered for lightning-fast sniping of meme coin launches on Solana (and eventually EVM-compatible chains). It features MEV-resistant trade execution, rug-pull detection, copy trading, limit orders, and real-time portfolio tracking, all within Telegram. What is $SNORT itself ? The token, currently in presale, operates on both Solana and Ethereum as a multi-chain token. Early investors can stake tokens to earn an estimated 142% APY during the presale, disbursed over one year post-launch. Snorter makes finding and sniping meme coins easier than ever, and for $SNORT token holders, the 0.85% fees are some of the lowest around. Investors have poured over $3M into the presale already. The token price sits at $0.1011 right now, but our $SNORT price prediction shows it could reach $0.94 by the end of 2025, and $1.92 by the end of 2026 as Snorter expands the bot’s integration with Ethereum and EVM chains. $SNORT blends the viral appeal of a meme coin with actual trading utility through Telegram. Sniff out those hidden meme coin gems, snipe them, and save big. Check out our How to buy $SNORT guide for more information. Join the Snorter Token ($SNORT) presale today while its price is still low. 2. Best Wallet Token ($BEST) – Powerful Web3 Wallet Unlocks Crypto Presales Best Wallet Token ($BEST) is the native utility token of Best Wallet , a rapidly growing non‑custodial multi‑chain crypto wallet. Security is top-notch, too, using a combination of advanced biometrics and Fireblocks’ MPC . The $BEST token is powering Best Wallet’s mission to dominate 40% of the global crypto wallet market by the end of next year. And holding $BEST means lower trading fees and higher staking rewards. There’s also the chance for big wins, with access to the best crypto presales in Best Wallet’s upcoming tokens section. You can also research projects, read whitepapers, and purchase tokens directly within Best Wallet. Over $14.7M has been raised in the $BEST presale already. Tokens cost $0.025475, and our $BEST price prediction forecasts that could reach $0.072 by year’s end. Discover how to buy $BEST to get in early. Ready to invest in $BEST ? Head to the presale today. 3. TRON ($TRX) – Justin Sun’s Leading Stablecoin-Friendly Blockchain TRON ($TRX) has been around the block(chain). Established by Justin Sun and launched via ICO in 2017, Tron operates as a decentralized, Proof-of-Stake smart contract blockchain, designed to support scalable, low-cost dApps. TRON initially aimed to decentralize content sharing by allowing creators to monetize without intermediaries. Its evolution saw it migrate from Ethereum to its own network and grow into a thriving dApp ecosystem, with ongoing focus on speed, scalability, and user experience. In recent years, however, Tron has also grown in importance as a home for stablecoins – in particular, Tether’s $USDT. That has provided a degree of stability for Tron, while introducing a number of other use cases related to $USDT – cross-border settlements, payments, and more. $TRX regularly ranks between the eighth and tenth spot by market cap among cryptos. This makes it a major player, but with plenty of room for growth. You can find Tron ($TRX) on Binance right now. Ethereum’s Road Ahead: Will Altcoin Season Follow? With $ETH on the verge of fresh highs, the broader altcoin market stands poised to rally. As Ethereum retakes dominance and confidence rises, investors hope capital flows into smaller-cap altcoins, igniting altcoin season. Among the big winners could be the likes of $SNORT and $BEST . As altcoins packed with utility, they have the potential to explode – especially as altcoin season appears imminent. As always, though, do your own research. This isn’t financial advice.

14 Aug 2025, 11:15

Bitcoin Hits $124K Record as 4 Tailwinds Align: Crypto Daybook Americas

By Francisco Rodrigues (All times ET unless indicated otherwise) The cryptocurrency market is still enjoying a rally on the back of Tuesday's higher-than-expected core inflation reading that boosted chances of a Federal Reserve interest-rate cut next month. Some traders are even calling for a 50 bps cut. The euphoria has lifted the CoinDesk 20 ( CD20 ) index of largest cryptocurrencies more than 1% in the last 24 hours, and sent bitcoin (BTC) to a record high over $124,000 and ether (ETH) 2.2% higher to $4,750, just below its record. Headline inflation data for July came in cooler than expected, but rising core inflation fed into rate-cut expectations. On Polymarket , traders now weigh an 80% chance of a 25 basis-point cut in September, while chances of a 50 bps cut rose to 8.3%. The CME FedWatch tool shows a 97.8% chance of a 25 bps cut, and a 2.2% chance of a 50 bps cut. In the geopolitical front, President Donald Trump is expected to meet Russian President Vladimir Putin this Friday in Alaska. The meeting comes as the U.S. president ramps up pressure for a ceasefire in Ukraine. A follow-up meeting with Ukraine’s President Volodymyr Zelenskyy may also be on the cards. Deescalation measures, including a potential air truce, are currently on the table. Institutional demand has made this the best week for spot ether ETFs net inflows, with $2.27 billion coming in according to SoSoValue data. Meanwhile, corporate accumulation led by BitMine has seen ETH treasures accumulate over 3.5 million ETH. “Bitmine’s capital raise to build its ETH treasury has drawn attention, with the market noting that any allocation to ETH has an outsized impact compared with BTC, given ETH’s smaller market cap and marginally thinner liquidity,” analysts at QCP Capital wrote . ”We expect the current momentum in ETH to persist as long as fresh flows continue into ETH DATs.” Bitcoin treasuries, including ETFs, have grown their holdings by around 3.36% in the past 30 days to 3.64 million BTC . That’s more than 17% of the cryptocurrency’s total supply. Put together, the cryptocurrency market is benefiting from four key tailwinds. These are the anticipated rate cuts, a friendlier regulatory climate, easing geopolitical tensions and rising institutional and corporate interest. Looking ahead, investors will be closely monitoring today’s Producer Price Index (PPI) data for further clues on what the Fed might do in September. Stay alert! What to Watch Crypto Aug. 15: Record date for the next FTX distribution to holders of allowed Class 5 Customer Entitlement, Class 6 General Unsecured and Convenience Claims who meet pre-distribution requirements. Aug. 18: Coinbase Derivatives will launch nano SOL and nano XRP U.S. perpetual-style futures. Aug. 20: Qubic (QUBIC), the fastest blockchain ever recorded, will undergo its first yearly halving event as part of a controlled emission model. Although gross emissions remain fixed at one trillion QUBIC tokens per week, the adaptive burn rate will increase substantially — burning some 28.75 trillion tokens and reducing net effective emissions to about 21.25 trillion tokens. Macro Aug. 14, 8:30 a.m.: The U.S. Bureau of Labor Statistics releases July producer price inflation data. Core PPI MoM Est. 0.2% vs. Prev. 0.0% Core PPI YoY Est. 2.9% vs. Prev. 2.6% PPI MoM Est. 0.2% vs. Prev. 0% PPI YoY Est. 2.5% vs. Prev. 2.3% Aug. 14, 7 p.m.: Peru's central bank announces its monetary policy decision. Reference Interest Rate Est. 4.5% vs. Prev. 4.5% Aug. 14, 10 p.m.: El Salvador's Statistics and Census Office, which is part of the Central Reserve Bank of El Salvador, releases July consumer price inflation data. Inflation Rate MoM Prev. 0.32% Inflation Rate YoY Prev. -0.17% Aug. 15: U.S. President Donald Trump and Russian President Vladimir Putin will meet in Alaska to discuss potential peace terms for the war in Ukraine. Aug. 15, 12 p.m.: Colombia's National Administrative Department of Statistics (DANE) releases Q2 GDP growth data. GDP Growth Rate QoQ Prev. 0.8% GDP Growth Rate YoY Est. 2.6% vs. Prev. 2.7% Aug. 15, 4 p.m.: Peru’s National Institute of Statistics and Informatics releases June GDP YoY growth data. GDP Growth Rate YoY Est. 4.7 vs. Prev. 2.67% Aug. 18, 6 p.m.: The Central Reserve Bank of El Salvador releases July producer price inflation data. PPI YoY Prev. 1.29% Earnings (Estimates based on FactSet data) Aug. 14: KULR Technology Group ( KULR ), post-market Aug. 15: Sharplink Gaming ( SBET ), pre-market Aug. 15: BitFuFu ( FUFU ), pre-market, $0.07 Aug. 18: Bitdeer Technologies Group ( BTDR ), pre-market, -$0.12 Token Events Governance votes & calls SoSoValue DAO is voting to allocate 5,000,000 SOSO tokens for a Researcher Ecosystem Fund, aimed at boosting top-tier crypto research through competitions and incentives, improving content quality, transparency and SOSO’s utility. Voting ends Aug. 18. Uniswap DAO is voting to allocate $540K in UNI over six months to as many as 15 top delegates, with up to $6K/month based on voting activity, community engagement, proposal authorship and holding 1,000+ UNI. Votings ends Aug. 18 Aavegotchi DAO is voting on a Bitcoin Ben’s Crypto Club Las Vegas sponsorship: a $1,000/month corporate membership (logo on sponsor wall, team access, newsletter feature, one branded meetup/month) or a $5,000, 90-day Graffiti Wall mural with promo. Voting ends Aug. 23. Aug. 14, 10 a.m.: Lido to host a t okenholder update call. Aug. 14, 10 a.m.: Stacks to host a t ownhall meeting. Unlocks Aug. 15: Avalanche (AVAX) to unlock 0.33% of its circulating supply worth $41.84 million. Aug. 15: Starknet (STRK) to unlock 3.53% of its circulating supply worth $18.12 million. Aug. 15: Sei (SEI) to unlock 0.96% of its circulating supply worth $18.94 million. Aug. 16: Arbitrum (ARB) to unlock 1.8% of its circulating supply worth $49.95 million. Aug. 18: Fasttoken (FTN) to unlock 4.64% of its circulating supply worth $91.6 million. Aug. 20: LayerZero (ZRO) to unlock 8.53% of its circulating supply worth $57.59 million. Aug. 20: Kaito (KAITO) to unlock 8.82% of its circulating supply worth $27.55 million. Token Launches Aug. 14: Useless Coin (Useless) to be listed on Binance.US. Aug. 14: Cherry AI (AIBOT) to be listed on Binance Alpha, MEXC, and others. Conferences The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB10 for 10% off your registration through Aug. 31. Day 3 of 3: AIBB 2025 (Istanbul) Day 3 of 7: Ethereum NYC (New York) Day 1 of 2: CryptoWinter ‘25 (Queenstown, New Zealand) Aug. 15: Bitcoin Educators Unconference (Vancouver) Aug. 17-21: Crypto 2025 (Santa Barbara, California) Aug. 18-21: Wyoming Blockchain Symposium 2025 (Jackson Hole) Aug. 21-22: Coinfest Asia 2025 (Bali, Indonesia) Token Talk By Shaurya Malwa SHIB’s burn rate exploded 48,244% in the past 24 hours, with nearly 88 million tokens permanently removed from supply. “Burning” means sending coins to a wallet no one can access, taking them out of circulation forever. The biggest single burn was 69,420 tokens in one hour, part of a series of transactions tracked by Shibburn, a community-run monitoring site. Prices are holding firm above the $0.000010 support level, which traders see as a key floor for keeping bullish momentum intact. If buying pressure continues, analysts say SHIB could attempt a move toward $0.000020, double the current price. Activity on Shibarium, SHIB’s layer-2 blockchain, remains robust, clocking 1.51 billion total transactions and about 4.69 million daily. Burn-driven supply cuts can, in theory, make each remaining token more valuable, but sustained price gains depend on demand matching or outpacing the shrinking supply. Derivatives Positioning ADA and SOL have seen the largest increases in futures open interest among the top 10 tokens in the past 24 hours. Even though BTC rose to record highs above $124K, positioning in futures remains relatively light. Open interest is currently at 687K BTC, well below the July peak of 742K BTC. Meanwhile, on the CME, the three-month annualized premium in BTC futures remains below 10%. The 24-hour open interest-adjusted cumulative volume delta for most tokens except TRX is negative, implying seller dominance. This raises a question over the sustainability of price gains. The markets for FART and FLR appear overheated, with annualized perpetual funding rates exceeding 100%, a sign of overcrowding in bullish long bets. Such a scenario can lead to a long squeeze, resulting in a sharp price slide. On Deribit, August and September expiry BTC options are exhibiting only a slight call bias. That's likely due to persistent OTM call selling by long-term holders and indicates that the rally has yet to trigger a speculative frenzy. Meanwhile, call bias is more pronounced in ether options across all time frames. Flows over the OTC network Paradigm featured demand for BTC calls and short call spreads in ETH December expiry options. Market Movements BTC is down 0.98% from 4 p.m. ET Wednesday at $121,693.52 (24hrs: +0.88%) ETH is up 0.92% at $4,760.09 (24hrs: +1.2%) CoinDesk 20 is up 0.53% at 4,417.7 (24hrs: +0.86%) Ether CESR Composite Staking Rate is up 7 bps at 3.04% BTC funding rate is at 0.0127% (13.9065% annualized) on Binance DXY is unchanged at 97.84 Gold futures are down 0.11% at $3,404.50 Silver futures are down 0.55% at $38.39 Nikkei 225 closed down 1.45% at 42,649.26 Hang Seng closed down 0.37% at 25,519.32 FTSE is unchanged at 9,165.62 Euro Stoxx 50 is up 0.28% at 5,403.07 DJIA closed on Wednesday up 1.04% at 44,922.27 S&P 500 closed up 0.32% at 6,466.58 Nasdaq Composite closed up 0.14% at 21,713.14 S&P/TSX Composite closed up 0.26% at 27,993.43 S&P 40 Latin America closed down 0.45% at 2,684.56 U.S. 10-Year Treasury rate is down 3.1 bps at 4.209% E-mini S&P 500 futures are unchanged at 6,488.25 E-mini Nasdaq-100 futures are unchanged at 23,932.75 E-mini Dow Jones Industrial Average Index are unchanged at 45,057.00 Bitcoin Stats BTC Dominance: 59.32 (-0.57%) Ether to bitcoin ratio: 0.03906 (1.4%) Hashrate (seven-day moving average): 906 EH/s Hashprice (spot): $59.75 Total Fees: 4.39 BTC / $532,696 CME Futures Open Interest: 142,140 BTC BTC priced in gold: 36.3 oz BTC vs gold market cap: 10.26% Technical Analysis The cardano-bitcoin (ADA/BTC) ratio has risen 11% today, confirming an inverse head-and-shoulders breakout on the daily chart. The pattern indicates a bullish trend change, indicating ADA outperformance ahead. Crypto Equities Strategy (MSTR): closed on Wednesday at $389.90 (-1.14%), -0.58% at $387.65 in pre-market Coinbase Global (COIN): closed at $327.01 (+1.36%), +0.71% at $329.32 Circle (CRCL): closed at $153.16 (-6.16%), -0.48% at $152.43 Galaxy Digital (GLXY): closed at $28.34 (+1.58%), +1.09% at $28.65 Bullish (BLSH): closed at $68.00 (+83.8%), +15.7% at $78.70 MARA Holdings (MARA): closed at $15.86 (+0.89%), -0.63% at $15.76 Riot Platforms (RIOT): closed at $11.59 (+1.31%), -0.52% at $11.53 Core Scientific (CORZ): closed at $13.85 (-8.34%) CleanSpark (CLSK): closed at $9.97 (+0.5%), -0.5% at $9.92 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $25.50 (+0.35%) Semler Scientific (SMLR): closed at $35.57 (+2.98%), -0.34% at $35.45 Exodus Movement (EXOD): closed at $27.34 (-1.87%), +3.04% at $28.17 SharpLink Gaming (SBET): closed at $23.52 (+4.67%), -0.13% at $23.49 ETF Flows Spot BTC ETFs Daily net flows: $86.9 million Cumulative net flows: $54.74 billion Total BTC holdings ~1.3 million Spot ETH ETFs Daily net flows: $729.1 million Cumulative net flows: $12.11 billion Total ETH holdings ~6.12 million Source: Farside Investors Chart of the Day Hyperliquid, the layer 1 blockchain and decentralized exchange (DEX) focused on perpetual futures trading, has earned more than $4 million in fees in the past 24 hours, outpacing Ethereum, the world's largest smart-contract blockchain. Hyperliquid has consistently generated more fee revenue than Ethereum since early July, a sign that single-purpose blockchains are gaining traction by offering specialized, efficient solutions that attract high user engagement and liquidity. While You Were Sleeping Bitcoin Hits Fresh Record as Fed Easing Bets Add to Tailwinds (Reuters): Bitcoin rose above $124,000, driven by expectations of U.S. rate cuts, strong institutional demand and regulatory momentum. IG’s Tony Sycamore says a sustained break over $125,000 could pave the way to $150,000. Bitcoin Crosses Google to Become Fifth-Largest Asset as Fed Rate-Cut Bets Rise (CoinDesk): The milestone caps a year of growing optimism for crypto, driven by a more supportive regulatory climate in the U.S. and surging corporate interest in the bitcoin treasury strategy. Scott Bessent Says Japan Is ‘Behind the Curve’ on Interest Rates (Financial Times): The U.S. Treasury Secretary said the Bank of Japan should lift its benchmark rate to curb inflation. Mizuho strategist Shoki Omori sees markets pricing in narrower U.S.-Japan short-term rate gaps. Bitcoin Realized Price Breaks Above 200WMA, Signaling More Room to Run (CoinDesk): Bitcoin’s price has moved above a key long-term technical indicator, a milestone that in previous cycles has preceded extended rallies, according to historical on-chain data from Glassnode. Chinese Imports Fell During Trump’s First Term. It’s Happening Again. (The Wall Street Journal): China now makes up around 12% of U.S. goods imports, compared with 22% in 2018, according to Census data. The goods trade deficit with China is roughly $280 billion. Pound Extends Recent Winning Streak as UK Growth Beats Estimates (Bloomberg): Sterling has outperformed G10 rivals over the past week and is heading for a six-day advance against the euro. Money markets expect 15 basis points of BOE rate cuts this year. In the Ether

14 Aug 2025, 11:14

Coinbase concedes $300K loss to MEV bot attack due to 0xProject swapper oversight

Coinbase has lost $300,000 in accumulated fees to an MEV bot after interacting with the 0xProject swapper smart contract. Pseudonymous security researcher deebeez disclosed this on X, noting that the exchange used the swapper incorrectly. According to Deebeez, the 0xProject contract, which can be used for executing swaps, is permissionless. This means anyone can use it to execute any action without restrictions. Due to this reason, it is not suitable for receiving token approvals. However, Coinbase seems to have been unaware of this, as it initiated approvals for tokens of protocols such as DEXTools, Swell Network, MyOneProtocol, Amp, Data Lake, Ondo Finance, and Destra Network, allowing a MEV bot to swoop in and drain all the funds once the exchange approved the contract. He said : “There appears to have been an MEV bot lurking in the dark, waiting for users to mistakenly approve to this contract – and then drain all their funds. Well, their dream came true thanks to coinbase.” The researcher described the incident as an expensive lesson for the Coinbase team, a fact that the team itself has also acknowledged. Coinbase chief security officer Philip Martin confirmed the incident while adding that it is an isolated issue due to changes to one of its corporate DEX wallets. He added that the incident did not affect any customer funds, with the team now “revoking token allowances and moving funds to a new corporate wallet.” Meanwhile, some users recommended that this could have been prevented if the mempool had been encrypted. However, Deebeez noted that sandwich attacks are not identical to MEV attacks, and encrypting the mempool will only prevent sandwich attacks. Incident adds to criticisms against Coinbase Unsurprisingly, the incident represents another sore point for Coinbase critics, although it did not impact the exchange users. Some critics noted that this kind of mistake from a major exchange is concerning, especially given that it disclosed a cyber attack that could cost up to $400 million a few months ago. Meanwhile, according to users on X, the exchange had also recently experienced downtime, with at least two people sharing screenshots showing they could not access their Coinbase accounts. Some users have criticized the exchange for adding the Solana memecoin USELESS to its asset listing roadmap. Nevertheless, Coinbase remains the biggest exchange in the US and ranks ninth globally with around 5.8% of the market share according to CoinGecko. This puts it above Crypto.com with 5.1% even as several other offshore exchanges continue to see more volume. Security analysts identify composability risks Meanwhile, this is not the first time funds have been drained from the 0x wallet. In April, Zora’s claim contract was also affected after it assigned ZORA tokens to the 0x settler contract through an airdrop. Soon after the airdrop, an attacker drained the address and swapped the allocation for $128,000 worth of ETH. Security research firm BlockAid identified the incident as a Composability Attack. According to the firm, this is a new class of on-chain risk where independently secure components can create vulnerable conditions when they interact. It said: “A Composability Attack occurs when two or more independently secure systems interact in an unexpected way that creates an exploitable condition, without requiring any vulnerabilities in the systems themselves.” In this case, it was Zora airdrop claim mechanism and the 0x Settler contract. The Zora mechanism allowed recipients to claim tokens through the claim function. It made no distinction between externally owned accounts (EOA) and smart contracts as long as the address is eligible. While this allowed anyone eligible to claim the airdrop, it meant that the 0x Settler contract address could also get the tokens. Once Zora mistakenly sent the token meant for the 0x ecosystem to the contract, it was easy for anyone who understood the interaction to claim the tokens. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

14 Aug 2025, 11:11

40% Spike in Whale Activity Stuns Shiba Inu (SHIB) Overnight

Shiba Inu (SHIB) witnesses explosive 40% spike in overnight whale activity