Ethereum validator exit queue climbs to over $3 billion in ETH amid increased stake withdrawals

The SUI price has once again approached the $4 resistance zone, after rebounding from August lows. Its recent strength is fueled not only by technical recovery but also by a wave of ecosystem growth, exchange listings, and institutional interest.

SUI Price Chart Signals Strong Resistance Test

Looking at the SUI price chart, the token has made a consistent recovery by building a structure of higher lows from the $2.40 range in June.

At present, the SUI price today is trading near $3.93 after briefly spiking to $4.18. This intraday jump represented a 9% surge, which was largely fueled by the latest breaking news of a new major exchange listing.

The US Securities and Exchange Commission gave regulatory greenlight to another crypto ETF. It accepted the filing for Invesco Galaxy Spot Solana ETF, a proposed exchange-traded fund (ETF) designed to track the spot price of Solana .

SEC Acknowledges Filing for Invesco Galaxy Spot Solana ETF

Invesco Galaxy Solana ETF initially filed an application on June 25, 2025, via Cboe BZX, targeting spot exposure with integrated staking rewards. Unlike Bitcoin or Ethereum ETFs, this fund specifically tracks the spot price of SOL, a leading Layer 1 blockchain known for its speed and scalability. 

The acknowledgement initiates the form’s review, including examinations of custody arrangements, market surveillance, and investor protection measures. This comes after the Cboe BZX exchange submitted a Form 19b-4. It proposed a rule change for listing and trading the ETF, which initiates the SEC’s formal review process. 

When Will the SEC Approve SOL ETFs?

Currently, multiple institutional and mainstream investors are seeking diversified crypto exposure with SOL. VanEck Trust, 21Shares Core, Bitwise, Grayscale, Canary, Franklin Templeton, Fidelity, REX Shares, and Galaxy Digital have filed for the SOL ETF. 

However, the SEC has not approved any SOL ETF applications. The expected time for approval is October 2025. If approved, it will establish Solana as a legitimate mainstream asset in traditional financial markets. 

The acknowledgment for Invesco Galaxy Spot Soana ETF is an important procedural milestone that initiates the SEC’s formal review process. Though it does not yet mean the ETF is approved for launch.

What Does This Mean for Invesco Galaxy?

Despite not being officially approved yet, this filing signals a positive development for the company. The collaboration of Invesco and Galaxy Digital aims to capture opportunities in the crypto ETF market, following Bitcoin and Ethereum ETFs prior success. 

The formal approval could enhance the companies’ position as a key player in crypto-related investment products. It can also potentially increase investor engagement in Solana through a regulated vehicle.

FAQs

No, the SEC has only acknowledged the filing, starting the review process.

Analysts expect potential approval around October 2025, pending review results.

It offers direct Solana exposure and staking rewards, unlike BTC or ETH ETFs.

A sophisticated cyber operation is quietly infiltrating remote tech jobs worldwide. 

Blockchain investigator ZachXBT uncovered a major leak from a DPRK IT worker’s device showing a small team of five managing 30+ fake identities, with government IDs and purchased Upwork/LinkedIn accounts to obtain developer jobs at projects. They also claimed experience at top blockchain companies like Polygon Labs, OpenSea, and Chainlink.

Inside the DPRK Remote Job Operation

The spreadsheets reveal how DPRK IT workers operated, including weekly reports, expense tracking, and meeting schedules, and include a script used for the fake identity “Henry Zhang.” Their expenses show purchases of SSNs, Upwork and LinkedIn accounts, phone numbers, AI tools, rented computers, and VPNs or proxies.

Leaked Google Drive files, Chrome profiles, and device screenshots revealed that they managed schedules, tasks, and budgets mostly in English. Telegram chats show how they coordinated to land jobs, handle payments, and route salaries through crypto wallets.

One of the key signs pointing to North Korea was their use of Google Translate into Korean during searches, sometimes routed through Russian IP addresses.

Wallet Linked to $680K Favrr Exploit

Notably, one wallet was linked to multiple payments and the $680K  Favrr exploit in June 2025, where DPRK ITWs acted as CTO and developers using fraudulent documents. Additional operatives were connected to other projects through this same wallet address.

DPRK IT Workers Flood Remote Jobs

ZachXBT points out that the biggest challenge in stopping DPRK IT workers is poor coordination between companies and security services, along with recruitment teams who often ignore or resist warnings.

These IT workers are not especially sophisticated, but they are persistent, flooding the global job market for remote developer roles and commonly use Payoneer to convert regular payments into crypto.

North Korea’s Crypto Crime Network

North Korea’s cyber theft operations are massive and growing. In January, operatives stole $2.2M, and in June, authorities seized over $7.7M linked to fake remote job schemes. 

North Korean hackers are tricking people with fake IT job offers to access cloud systems and steal crypto. Since 2020, these campaigns have targeted major crypto platforms, contributing to massive thefts such as Axie Infinity’s $620M breach, DMM Bitcoin’s $305M hack, and Bybit’s $1.5B heist.

Experts estimate that North Korea has stolen $1.6B in crypto so far in 2025, accounting for 35% of all stolen crypto last year, and they are showing no signs of slowing down. 

FAQs

To protect your crypto, always verify platforms, use reputable exchanges, enable two-factor authentication (2FA), and be skeptical of “too good to be true” returns or unsolicited offers. Store large amounts in secure hardware wallets, never share private keys, and be wary of phishing links.

Common red flags include promises of guaranteed high returns, pressure tactics to invest quickly, anonymous or unknown project teams, poorly written whitepapers, and demands for crypto payments for services or unexpected fees. Check for inconsistent website details, grammar errors, and lack of customer support numbers.

Leaks reveal purchases of SSNs, AI tools, VPNs, rented PCs, and crypto wallets to launder salaries—often routing payments via Payoneer-to-crypto conversions.

Bitcoin reached a new all-time high of over $123,700 during early Asian trading hours today, sparking a wave of bullish momentum across the cryptocurrency sector.

Additionally, many experts suggest that further gains may be imminent for BTC. They predict that the largest cryptocurrency could likely continue rising, citing its positive correlation with gold.

What’s Next for Bitcoin? Gold-BTC Correlation Hints at More Gains

Edwards observed that the current gap is similar to the one observed in 2020. At the time, this was succeeded by Bitcoin entering a strong bull run.

Moreover, by 2021, Bitcoin even outperformed gold. Thus, if history repeats, the flagship coin will likely continue its upward momentum beyond its current record peak, reaching new highs.

Similarly, crypto investor Jelle reinforced this narrative. He highlighted that gold typically leads while Bitcoin follows. Jelle predicted that this dynamic could propel Bitcoin toward $150,000, aligning with this historical precedent.

Reasons Why Bitcoin May Continue Surging

It’s worth noting that the expectation for Bitcoin or even gold prices to rise isn’t too far-fetched, especially considering the current market conditions. Charlie Bilello, Chief Market Strategist at Creative Planning, previously revealed that gold and Bitcoin are the top-performing assets in 2025.

He stressed that gold and Bitcoin have not historically occupied the top two spots in any calendar year, making 2025 a notable outlier. Furthermore, in a detailed thread on X, The Kobeissi Letter explained that BTC and gold are benefiting from many factors.

The market commentator noted that in July 2025, US tariff revenue surged by over 300%, reaching a record $29.6 billion. The Kobeissi Letter projects the revenue to exceed $350 billion annually during President Trump’s term.

Nonetheless, the US deficit also grew by $47 billion (19%) in July, hitting a record $630 billion in government spending. Meanwhile, tariff revenue covered only about 10% of the deficit.

This economic backdrop fuels increased interest in Gold and Bitcoin, as investors seek safe-haven assets amid growing financial instability and inflationary pressures.

Furthermore, the latest data from the CME FedWatch Tool shows that the odds of the Fed cutting rates in September have surged to 95.8%.

BeInCrypto previously reported that if the Fed slashes interest rates, it could be quite bullish for cryptocurrencies. Thus, the gold-BTC correlation and other supporting macroeconomic factors hint that Bitcoin’s ascent is far from over. The market will be watching closely to see how far the asset will go in the time to come.

After reaching a fresh all-time high earlier this month, XRP’s momentum has slowed, with the price consolidating around $3.23. While the overall crypto market continues to climb, weakening on-chain activity and fresh allegations of market manipulation are giving traders reason to pause.

Many now fear a drop in XRP’s price due to its falling market dominance. But what’s happening?

XRP Network Activity Loses Steam

XRP’s network activity is showing clear signs of strain, with daily active addresses taking a steep hit. Data from XRPscan shows daily active addresses have plunged to just 52,380, while active payments over the past 24 hours have fallen sharply to 835,000. 

Meanwhile, the social media buzz is also fading, with XRP’s share of crypto-related discussions dropping to 3.54%, well behind Bitcoin and Ethereum.

Allegations of XRP Price Manipulation 

Fueling further price plunge over potential wash trading has emerged after validator operator Grape flagged unusually large transfers, often exceeding 140,000 XRP, between major exchanges like Binance and Bitget. 

These movements bear the hallmarks of “wash trading,” a tactic used to artificially boost volume or influence prices. Although such tactics are banned in traditional finance, the crypto market’s looser enforcement could allow them to persist.

Ripple CTO Stresses Strong Fundamentals

Despite short-term concerns, Ripple CTO David Schwartz has highlighted the XRP Ledger’s durability and efficiency, citing its 13-year uptime, low transaction costs, and direct XRP transfers without gas fees. 

He also pointed to the surge in tokenized real-world assets on the ledger from $5 million in January to over $118 million by July, a 2,260% jump, as a sign of deepening adoption.

XRP Price Outlook

Looking at the price analysis, technical signals suggest key levels ahead. A daily close above $3.3182 could open the door to $3.477, then the $3.60–$3.68 liquidity zone. Breaking higher may fuel a push toward $3.85 and $4.00.

However, slipping below $3.20 could bring $3.094 into play, with further downside risk toward $3.00.

However, XRP RSI sits at 56.1 still leaves room for a price jump. 

FAQs

XRP price is consolidating as network activity drops and market manipulation concerns grow.

Analysts predict XRP could reach $5.05 by end of 2025, fueled by ETF approvals, Ripple’s banking license application, and resolution of SEC lawsuit.

Likely—if spot ETFs get approved and Ripple’s banking partnerships expand, XRP could surpass its $3.66 ATH this year.