- UseTheBitcoin.com Newsletter
- Posts
- Today's Top Crypto Headlines:
Today's Top Crypto Headlines:
GENIUS Act Limits Giants | Wynn’s Bold Leverage Bets | CoinDCX Hit by Hack and more...
King Fatrick Gil Añasco
July 21, 2025
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
GENIUS Act Targets Stablecoins: The GENIUS Act restricts tech giants and banks from dominating stablecoins, requiring separate entities for issuers and banning interest-bearing tokens.
Wynn's Risky Crypto Comeback: James Wynn returns with $23M in leveraged bets: 25x long on ETH and 10x on PEPE.
💡Feature of the Day - CoinDCX Breached, $44M Lost: Indian exchange CoinDCX was hacked via a server breach, losing $44M from its operational account.
All this and more in today’s headlines!
📰 News Highlights:
The recently passed GENIUS Act aims to prevent tech giants and large banks from monopolizing the stablecoin space.
Circle CSO Dante Disparte calls it the "Libra clause," requiring any non-bank issuing a dollar-pegged token to create a separate, compliant entity.
America just passed a national stablecoin law ‼️📜 🏦
Circle’s @ddisparte joins @Unchained_pod to delve into:
🏛️ Why the GENIUS Act got bipartisan support
💡 How Circle plans to compete with big banks
🇺🇸 Why the dollar just got stronger
And more!Timestamps:
🎬0:00 Intro
🇺🇸— Laura Shin (@laurashin)
10:25 PM • Jul 18, 2025
Even banks must issue coins through isolated subsidiaries with no leverage or lending.
The act bans interest-bearing stablecoins, demands rigorous disclosures, and imposes criminal penalties for unbacked tokens.
🎁Freebie:
Download your free ebook now and take the first step toward mastering CRYPTO IN UNDER 60 MINS!
High-risk crypto trader James Wynn has returned with large leveraged positions: a 25x long on ETH and a 10x long on PEPE, totaling over $23 million.
James Wynn(@JamesWynnReal) just deposited another 536,573 $USDC into Hyperliquid, then opened 25x long on $ETH and 10x long on $PEPE.
Current long positions:
3,269 $ETH($12.12M)
812.16M $kPEPE($11.28M)
hypurrscan.io/address/0x5078…— Lookonchain (@lookonchain)
9:12 AM • Jul 20, 2025
He deposited 536,573 USDC into Hyperliquid and now holds 3,269 ETH and over 812 million PEPE tokens.
$PEPE is the shib of this cycle.
Always was going to be.— James Wynn 🤴 (@JamesWynnReal)
7:26 AM • Jul 20, 2025
Wynn resurfaced after earlier catastrophic losses, including a $100M BTC liquidation and a $25M wipeout.
what's beta to eth?
asking for a fren
🐸— James Wynn 🤴 (@JamesWynnReal)
4:34 AM • Jul 20, 2025
Wynn’s renewed confidence comes as ETH rallies in July, up 20% in a week and fueling a massive short squeeze.
💡 Feature of the Day:
Indian exchange CoinDCX suffered a $44 million hack through a sophisticated server breach targeting its operational liquidity account.
Hi everyone,
At @CoinDCX, we have always believed in being transparent with our community, hence I am sharing this with you directly.
Today, one of our internal operational accounts - used only for liquidity provisioning on a partner exchange - was compromised due to a
— Sumit Gupta (CoinDCX) (@smtgpt)
3:48 PM • Jul 19, 2025
CEO Sumit Gupta confirmed no customer funds were impacted, as the breached account was segregated from user wallets.
Our system has detected a hack into @CoinDCX centralized exchange 20 hours ago.
Here's what we know:
- The hacker stole around $44.2M in USDC/USDT from one of the exchange's operational wallets on Solana.
- The hacker funded the hack with 1 ETH from Tornado Cash.
- Part of the— 🚨 Cyvers Alerts 🚨 (@CyversAlerts)
5:38 PM • Jul 19, 2025
The company absorbed the loss using its treasury and quickly contained the incident by isolating the compromised account.
Onchain sleuth ZachXBT traced the hacker’s steps, which included using Tornado Cash and bridging assets across blockchains.
😂 Crypto Meme of the Day:
Meme of the day provided by @99bitcoins
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com