Today in crypto, CoinDCX crypto exchange hacked for $44 million, Cayman Islands-based Bullish has filed for IPO registration with the SEC, aiming to list on NYSE as “BLSH.” Meanwhile, Bitcoin may briefly consolidate but new all-time highs are still possible for July.
CoinDCX crypto exchange hacked for $44 million
CoinDCX, a local crypto exchange in India, was hacked on Friday in a “sophisticated server breach,” according to CoinDCX founder and CEO Sumit Gupta.
The issue was isolated, and all user funds remain safe, the CEO said in a June 19 X post. The CEO released this statement:
“Today, one of our internal operational accounts — used only for liquidity provisioning on a partner exchange — was compromised due to a sophisticated server breach. I confirm that the CoinDCX wallets used to store customer assets are not impacted and are completely safe.”
Onchain sleuth ZachXBT said that $44 million was drained through the hack and has since been transferred to wallet addresses on the Solana and Ethereum networks.
Crypto exchange Bullish files for US IPO, targets NYSE listing as “BLSH”
Bullish, a cryptocurrency exchange owned by Bullish Global, has filed for an initial public offering (IPO) in the United States. The Cayman Islands-based firm plans to list its ordinary shares on the New York Stock Exchange (NYSE) under the ticker symbol “BLSH.”
The exact number of shares to be offered and the price range remain unspecified, according to a Friday F-1 registration statement filed with the US Securities and Exchange Commission (SEC). However, the exchange has granted the underwriters a 30-day option to purchase additional shares.
For fiscal year 2024, Bullish reported a net income of approximately $80 million. However, despite this positive full-year result, the company experienced a significant downturn in the first quarter of 2025, reporting a net loss of $349 million compared to a $104.8 million net profit in the same quarter of 2024.
Furthermore, the exchange claims over $1.9 billion in liquid assets, including cash, Bitcoin (BTC), stablecoins and other digital assets.
Bitcoin ‘pausing here for air’ likely, but another July ATH still possible
Bitcoin could be in for a brief consolidation phase after its recent surge to new all-time highs — but another leg up before the end of July isn’t off the table, according to Galaxy Digital’s head of franchise trading, Michael Harvey.
“Consolidation around current prices is my base case given the large rally and new ATH,” Harvey told Cointelegraph.
“I do expect BTC to trend higher into the year-end, but pausing here for air would be realistic,” Harvey said, adding:
“I think the best case BTC price into month end is a continued slow melt-up.”
He explained that reaching new highs by the end of this month is the best case scenario and would require ongoing strong inflows into the US-based spot Bitcoin exchange-traded funds (ETF), continued accumulation by Bitcoin treasury firms, and an aggressive increase in retail demand.