Trust Wallet initiated a compensation program for users affected by the browser extension exploit, allocating $7 million to cover losses from the incident.



The Bitcoin market saw significant whale activity following BTC's breakthrough above the $100K milestone. Data showed approximately 80,000 BTC were offloaded during July, with Galaxy Digital being a notable participant in these large-scale transactions. This wave of selling from major holders raised questions about market sentiment at key price levels.

On the DeFi side, liquidity continues attracting attention. Analysts from SharpLink highlighted ETH's total value locked could experience a tenfold expansion through 2026, reflecting optimism around Ethereum's ecosystem growth and capital inflow potential.

Meanwhile, institutional banking friction persisted, with major financial institutions implementing account freezes—a recurring tension point between traditional finance and the crypto sector.
BTC1.03%
ETH1.05%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
PhantomMinervip
· 9h ago
Big whales are selling at 100K, it seems someone really cares about the risk.
View OriginalReply0
LiquiditySurfervip
· 9h ago
Ha, Trust Wallet's compensation this time feels more like a band-aid than a cure. 7 million sounds like a lot, but how much can each person really get... Speaking of whales dumping above $100,000, Galaxy Digital's move... Stay calm, everyone. This is a classic turnback at the crest of the wave, market sentiment really can't be faked. DeFi side, ETH staking needs to increase tenfold? Fine, the appetite for LP yields is right there. Even with further optimization of capital efficiency, there must be real arbitrage opportunities. I'll just watch quietly. Regarding the frozen bank accounts, tsk, traditional finance and us are just inherently incompatible. Two systems that just don't see eye to eye.
View OriginalReply0
MemeCuratorvip
· 9h ago
7 million in compensation sounds good, but is that really all that was stolen? Whales dumping so aggressively, even $100,000 can't hold up... ETH tenfold increase? Dreaming or is it really possible? Thinking about it, I still feel a bit excited. Banks froze accounts again, free on one side, regulated on the other—it's hilarious.
View OriginalReply0
ImpermanentPhilosophervip
· 10h ago
Whales are dumping crazily at 100k, and the market sentiment is basically just running away... Trust Wallet losing 7 million? It also depends on how much users can get back. This trick is all too familiar. ETH expanding tenfold by 2026? Just forget about it, DeFi liquidity is that trivial. Bank account freezes are really outrageous; traditional finance is just like this.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)