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Drift Protocol rebrands to Velocity DEX three months after $280 million exploit
Drift Protocol has announced that it is rebranding to Velocity DEX as part of its relaunch effort after the Solana-based perpetual futures exchange lost over $280 million in an April 1 exploit attributed to North Korea’s Lazarus Group. The company’s rebranding is backed by a $127.5 million credit line from Tether. As part of the...Cryptopolitan
Wed, Jul 1
Morpho surges as Standard Chartered projects $60 price by 2030
Standard Chartered has initiated coverage of decentralized finance (DeFi) lending protocol Morpho (MORPHO), forecasting its native token could reach $60 by the end of 2030 as the sector expands and institutional adoption of onchain finance accelerates.Fxstreet
Wed, Jul 1
Trump-led American Bitcoin resorts to reverse stock split to escape Nasdaq delisting
American Bitcoin Corp. (NASDAQ: ABTC) has announced it is conducting a reverse stock split, which will be effective July 2, 2026. The Trump-backed firm effectively entered crisis management mode to avoid getting delisted from Nasdaq after its shares fell below the admittance threshold. The firm joins a growing list of publicly traded Bitcoin treasury companies...Cryptopolitan
Wed, Jul 1
Forward Industries stock jumps 17% after adding 500,000 SOL to treasury
The Solana-focused treasury firm, Forward Industries (NASDAQ: FWDI), saw its shares climb roughly 17% after it disclosed its purchase of more than 500,000 SOL. The firm now holds a total of 7.55 million SOL tokens. It spent about $38 million on its most recent Solana purchase, paying an average price of $79 per token. Forward...Cryptopolitan
Wed, Jul 1
Ethereum Foundation alumni launch Ethereum Institutional to court banks and asset managers
A new non-profit group called Ethereum Institutional has officially launched today July 1, 2026. The company has a goal of becoming a dedicated point of contact for financial institutions that want to use Ethereum. The new non-profit is backed by Bitmine Immersion Technologies (NYSE: BMNR), SharpLink (NASDAQ: SBET), and Ethereum co-founder Joseph Lubin. What is...Cryptopolitan
Wed, Jul 1
Dogecoin vs Shiba Inu: DOGE and SHIB start July with similar setups
The cryptocurrency market shows subtle signs of rebounding on Wednesday after facing intense headwinds over the past few weeks, largely attributed to geopolitical tensions, macroeconomic uncertainty and risk-averse sentiment.
Fxstreet
Wed, Jul 1
Attackers deliver infostealer to Polymarket trading bot users, DeFi devs through npm packages
Hackers created a fake trading bot for Polymarket’s prediction markets on GitHub. The bot was used to spread malware that steals credentials like wallet keys and browser passwords. 30 malicious packages were found across several npm accounts, reportedly targeting developers and traders who use automated strategies. At least 53 developers fell for the trap before...Cryptopolitan
Wed, Jul 1
Ripple Price Forecast: XRP falters near $1.00 as demand dries up
Ripple (XRP) is trading around $1.04 at the time of writing on Wednesday, grinding toward the psychological $1.00 support. The remittance sector continues to struggle to make meaningful rebounds, reflecting persistent headwinds across the broader crypto market.
Fxstreet
Wed, Jul 1
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