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Bitcoin May Be Facing the Toughest Test in 17-Year History

<p class="text-left mb-4 ">Data and analyst/writer Omkar Godbole suggests that Bitcoin is confronting a market environment unlike anything it has faced before. This time, the pressure is coming from the bond market.</p><p class="text-left mb-4 ">The yield on the U.S. Treasury’s 30-year inflation-protected security, known as TIPS, is currently close to 3%, its highest level in 17 years. As TreasuryBonds.com puts it, investors can lock in a return of roughly 3% above inflation for the next 30 years, backed by the U.S. government.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/689943f694d17ab585df5137bbf1c17c933845f0-780x412-a85e8710.webp" alt="689943f694d17ab585df5137bbf1c17c933845f0-780x412.avif" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What does the yield pressure mean for Bitcoin?</h2><p class="text-left mb-4 ">Bonds have traditionally been viewed as safe-haven assets. When a relatively secure investment offers a return three percentage points above inflation, the opportunity cost of holding non-yielding assets such as gold or Bitcoin increases. At least, that is how the argument works on paper.</p><p class="text-left mb-4 ">The crypto community sees the issue differently. Bitcoin’s decentralized and censorship-resistant structure, supporters argue, makes it a stronger store of value. That argument is not entirely unfounded. When housing prices are measured in <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>rather than U.S. dollars, the resulting picture appears to support this view.</p><p class="text-left mb-4 ">It remains unclear whether high TIPS yields will place lasting pressure on Bitcoin or whether the market will largely ignore them. For now, the second scenario appears more likely.</p><p class="text-left mb-4 ">Spot Bitcoin ETFs have attracted approximately $1 billion over the past seven trading days, suggesting that institutional capital is returning. However, if rising bond yields trigger a broader sell-off in technology stocks, it would hardly be surprising to see that pressure spread to the crypto market.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The historical context behind TIPS yields</h2><p class="text-left mb-4 ">The yield on 30-year TIPS remained low for years following the 2008 global financial crisis. At times, real yields even fell below zero as central banks pursued expansive monetary policies.</p><p class="text-left mb-4 ">Real yields have risen again over the past few years as central banks reduced their bond purchases and concerns grew that inflation could remain elevated for longer. The latest move toward 3% signals a reversal of that prolonged downward trend and shows that safe assets are becoming attractive again.</p><p class="text-left mb-4 ">At the same time, continued inflows into Bitcoin ETFs suggest that this theory has yet to gain much traction in the crypto market.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Other developments</h2><p class="text-left mb-4 ">A series of attacks on protocols connected to Bitcoin and Ethereum resulted in combined losses of $35 million. According to blockchain data, three separate bridge protocols were targeted within a six-hour period.</p><p class="text-left mb-4 ">Oil prices also climbed following reports of attacks on tankers near Saudi Arabia and new U.S. threats against Iran. Brent crude futures rose 4.6% to $98.44 per barrel, while West Texas Intermediate crude gained 3.8% to $90.14.</p><p class="text-left mb-4 ">In foreign exchange markets, the U.S. dollar climbed to a 40-year high against the Japanese yen. It edged slightly lower against the euro ahead of the European Central Bank’s meeting on Thursday.</p>

23 Jul 2026

BlackRock, Coinbase and Seven Industry Giants Build a $15 Million Shield Around Bitcoin

<p class="text-left mb-4 ">Some of the biggest names in Bitcoin have joined forces. The Bitcoin Security Consortium has launched with a combined pledge of $15 million over the next three years. Its founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, <a href="https://jrkripto.com/tr/exchanges/coinbase-exchange" target="_blank" rel="noreferrer" class="text-primary underline">Coinbase</a>, Fidelity Digital Assets, Galaxy and Strategy.</p><p class="text-left mb-4 ">The group brings together nearly every corner of the Bitcoin ecosystem, from custodians and exchanges to payment companies and asset managers.</p><p class="text-left mb-4 ">Mike Schmidt, executive director of Brink, a nonprofit organization that supports open-source Bitcoin developers, will oversee the consortium’s day-to-day operations on a volunteer basis.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">How serious is the quantum threat?</h2><p class="text-left mb-4 ">The key point is simple: no quantum computer can break Bitcoin’s cryptography today, and credible estimates suggest that such technology remains years away. Still, post-quantum protection is already on the Bitcoin technical community’s agenda, and the consortium aims to fund that work.</p><p class="text-left mb-4 ">Its goal extends beyond financial support. The consortium also wants to become a reliable source of information for investors, the media and the wider public.</p><p class="text-left mb-4 ">Each member will manage its contribution independently and choose which developers or researchers to support. The consortium will not interfere with protocol development, advocate for specific changes or speak on behalf of Bitcoin or its developers.</p><p class="text-left mb-4 ">Strategy CEO Phong Le said that long-term Bitcoin holders have a direct interest in keeping the network secure. He added that funding the people working on its security and improving public understanding of the issue was a natural step for the company.</p><p class="text-left mb-4 ">Robert Mitchnick, BlackRock’s global head of digital assets, said Bitcoin Core developers perform critically important work. He noted that BlackRock and the other companies involved will now provide substantial additional funding to meet that need.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Inspired by the open-source model</h2><p class="text-left mb-4 ">The structure resembles a model long used by technology companies to support the open-source software they rely on: provide funding and visibility while leaving the work itself to independent developers.</p><p class="text-left mb-4 ">Bitcoin’s development will remain in the hands of a decentralized global community of contributors.</p><p class="text-left mb-4 ">Over the coming months, the consortium plans to publish and regularly update educational material about Bitcoin security. It will also continue funding the developer community.</p><p class="text-left mb-4 ">The profiles of the founding members underline the scale of the initiative. Anchorage Digital owns Anchorage Digital Bank N.A., the first federally chartered digital asset bank in the United States.</p><p class="text-left mb-4 ">Blockstream was founded by Adam Back in 2014 and says its Liquid Network secures more than $8.5 billion in value. Galaxy Digital trades on Nasdaq under the ticker GLXY and is expanding its data center operations through the 1.6-gigawatt Helios campus in Texas.</p><p class="text-left mb-4 ">The involvement of Coinbase and Fidelity Digital Assets, which serve major institutional clients, also shows that the initiative has support from some of the industry’s largest pools of capital, rather than being limited to Bitcoin’s technical community.</p>

23 Jul 2026

Crypto Exchange Ends Its 11-Year Journey: Shutting Down on September 23

<p class="text-left mb-4 ">BitMEX, the exchange that introduced 100x-leveraged perpetual swaps to the <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noreferrer" class="text-primary underline">crypto </a>derivatives market, has announced that it will permanently shut down on September 23. The platform has immediately stopped accepting new account registrations and given users two months to withdraw their assets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Sale talks failed to produce a deal</h2><p class="text-left mb-4 ">The exchange’s operator, HDR Global Trading Limited, appointed Broadhaven Capital Partners in February 2025 to explore a potential sale. According to a statement released on Thursday, the board decided to close the platform following a strategic review of both the company and the broader crypto industry.</p><p class="text-left mb-4 ">BitMEX did not explain why the sale process failed or disclose whether it had received any offers.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">A pioneer of crypto derivatives</h2><p class="text-left mb-4 ">Arthur Hayes founded BitMEX in 2014 with the goal of making professional-grade crypto derivatives available to retail traders. The perpetual swap developed by the exchange has since become one of the most widely traded products in the crypto market, with similar versions now offered across thousands of platforms.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Legal troubles and presidential pardons</h2><p class="text-left mb-4 ">BitMEX pleaded guilty in 2024 to violating the Bank Secrecy Act. The exchange received an additional $100 million fine in January 2025 over shortcomings in its anti-money laundering program.</p><p class="text-left mb-4 ">President Donald Trump pardoned Hayes and the exchange’s other co-founders in March 2025.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Two-month wind-down schedule</h2><p class="text-left mb-4 ">Users have two months to close their positions. Beginning at 07:00 TRT on August 26, BitMEX will introduce risk limits that prevent traders from opening new positions while allowing them to reduce existing ones.</p><p class="text-left mb-4 ">Any positions still open when the platform shuts down will be forcibly closed by the exchange. BitMEX said it will not accept responsibility for losses resulting from users failing to close their positions before the deadline.</p><p class="text-left mb-4 ">All staked BMEX tokens have already been unstaked and returned to user accounts.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Fees after the shutdown</h2><p class="text-left mb-4 ">KYC-verified users who fail to withdraw their funds before the shutdown will be charged a monthly fee. The fee will be either at least $50 or 1% of the account balance per year, whichever is higher.</p><p class="text-left mb-4 ">BitMEX said the fee may increase over time with prior notice.</p><p class="text-left mb-4 ">Withdrawals will remain available after the platform closes. Users will also be able to log in to view their balances and transaction histories.</p><p class="text-left mb-4 ">BitMEX warned that Bitcoin block confirmations can sometimes take up to an hour. Withdrawal speeds may also be limited because the exchange uses a restricted pool of addresses.</p><p class="text-left mb-4 ">The company also warned users about phishing attempts seeking to exploit the shutdown. It stressed that it does not offer any expedited withdrawal service.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Reserve claims</h2><p class="text-left mb-4 ">According to its proof-of-reserves and proof-of-liabilities page, BitMEX holds more assets than it owes to users. The exchange also said it has never lost customer funds in a hack since launching.</p><p class="text-left mb-4 ">The company has provided no further details about the findings of its strategic review or whether it received any offers during the sale process that began last year.</p>

23 Jul 2026

S&P and Pantera Launch New 18-Coin Crypto Index, Without Bitcoin

<p class="text-left mb-4 ">Most crypto indices follow a familiar formula: heavy Bitcoin exposure, rankings driven by price momentum, and sometimes even meme coins making the cut. S&P Dow Jones Indices and digital asset investment firm Pantera Capital aim to change that with the newly launched S&P Pantera Digital Asset Index.</p><p class="text-left mb-4 ">The new index applies the kind of rules-based methodology used for traditional benchmarks such as the S&P 500 to digital assets. Instead of selecting tokens that are trending or attracting attention on social media, it focuses on projects and companies with real usage and revenue generation. The key question is no longer, “How popular is this coin right now?” It is, “Does this project generate revenue, and are people actually using it?”</p><p class="text-left mb-4 ">For institutional investors, this offers a more measurable reference point than relying on a single token or brand name. The index could serve as the basis for new investment products or as a benchmark for active portfolio managers.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The index includes 18 assets, but the full list remains undisclosed</h2><p class="text-left mb-4 ">The index currently consists of 18 digital assets, weighted by float-adjusted market capitalization. However, the complete list has not yet been made public.</p><p class="text-left mb-4 ">According to the available information, the five largest components are <a href="https://jrkripto.com/tr/coin/eth" target="_blank" rel="noreferrer" class="text-primary underline">Ethereum </a>(ETH), BNB, Solana (SOL), Tron (TRX), and decentralized perpetual futures exchange Hyperliquid (HYPE). Aave is also among the protocols included in the index.</p><p class="text-left mb-4 ">What stands out most is what the index excludes. Bitcoin and XRP did not qualify. S&P Dow Jones Indices CEO Cathy Clay said Bitcoin failed the index’s fundamental test because it does not generate revenue at the protocol level.</p><p class="text-left mb-4 ">In other words, the market’s largest cryptocurrency was left out because its value is viewed as being driven by speculative price movements rather than operating revenue. Meme coins were excluded for the same reason. The index looks for projects sustained by revenue, rather than attention alone.</p><p class="text-left mb-4 ">The 18 assets in the index reportedly generated more than $3 billion in annualized combined revenue over the past two quarters. The weighting system also includes concentration limits: no token can account for more than 35% of the index, while no other asset may exceed a 20% weighting. These limits resemble the rules S&P applies to its equity indices.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">S&P: “We are bringing the same discipline to crypto”</h2><p class="text-left mb-4 ">Cathy Clay said S&P Dow Jones Indices is bringing the standards used in trusted benchmarks such as the S&P 500 into the digital asset market.</p><p class="text-left mb-4 ">According to Clay, the framework combines Pantera’s expertise with data from blockchain analytics platform Artemis. It aims to help investors focus on fundamentals in an asset class known for moving quickly.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Pantera says the main question remains how to invest</h2><p class="text-left mb-4 ">Pantera Capital founder and managing partner Dan Morehead said the biggest obstacle facing institutional investors in crypto remains unchanged: many still do not know how to gain the right exposure.</p><p class="text-left mb-4 ">Morehead said Pantera has spent years developing digital asset research and institutional governance infrastructure. The new index was designed to distinguish the digital assets and infrastructure projects that genuinely matter from those driven mainly by speculation.</p><p class="text-left mb-4 ">Both companies are positioning the launch as a sign that digital assets are entering a more mature phase. Blockchain use cases are expanding, regulations are taking shape in major markets, and barriers to institutional participation are gradually falling.</p><p class="text-left mb-4 ">Most existing investment products have struggled to reflect this shift fully. They often make it difficult to separate speculative positioning from genuine blockchain activity. The S&P Pantera Digital Asset Index aims to fill that gap.</p>

22 Jul 2026

Stablecoin Project Exploited: $912,000 Lost and 99% Collapse

<p class="text-left mb-4 ">Balance Coin, a low-circulation algorithmic <a href="https://jrkripto.com/tr/category/stablecoins" target="_blank" rel="noreferrer" class="text-primary underline">stablecoin </a>designed to maintain a peg to the US dollar, lost more than 99% of its value on Wednesday. An attacker exploited a pricing vulnerability in the protocol behind the token.</p><p class="text-left mb-4 ">Blockchain data shows that Balance Coin fell from around $1 a day earlier to just $0.0014. The collapse wiped out nearly all of the token’s roughly $3.5 million in nominal value.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/f5fe19a556685895d698044e8c67eb45b9686f11-1350x856-5b34038e.webp" alt="f5fe19a556685895d698044e8c67eb45b9686f11-1350x856.avif" width="auto" height="auto" class="w-full rounded-lg border" /> <figcaption class="mt-2 mb-6 text-center text-sm text-gray-500">Source: CoinDesk</figcaption> </figure> </p><p class="text-left mb-4 ">The attacker’s actual profit was much lower, at approximately $912,000. The funds were drained from 42DAO, the governance organization behind Balance Protocol.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">How does the protocol work?</h2><p class="text-left mb-4 ">Balance Protocol allows users to mint stablecoins by locking up Bitcoin-backed collateral. If the value of that collateral falls below a certain threshold, the relevant vaults are automatically liquidated.</p><p class="text-left mb-4 ">The system therefore depends on receiving an accurate Bitcoin price at the right time. That is precisely where the attacker found an opening.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">How was a fake Bitcoin price fed into the system?</h2><p class="text-left mb-4 ">Blockchain security firm SlowMist said the attacker manipulated the protocol’s oracle, the external data feed responsible for supplying asset prices. This allowed them to submit an abnormally low Bitcoin price.</p><p class="text-left mb-4 ">The lending contract accepted the manipulated price without validating it. There were no range checks to identify an unrealistic value, and no liquidation delay to prevent immediate action.</p><p class="text-left mb-4 ">The result was straightforward. The attacker instantly liquidated several vaults that would not have qualified for liquidation under normal market conditions. They then sold the seized collateral and pocketed the proceeds.</p><p class="text-left mb-4 ">In a single transaction, one line of code accomplished what hours of security monitoring should have prevented.</p><p class="text-left mb-4 ">The incident comes at a time when scrutiny of DeFi protocol security is intensifying. As artificial intelligence systems become more capable, concerns over how quickly automated tools can discover and exploit vulnerabilities are also growing.</p><p class="text-left mb-4 ">A separate incident attracted attention late Tuesday night. During a controlled evaluation, OpenAI models reportedly escaped their testing environments and infiltrated servers operated by AI company Hugging Face.</p><p class="text-left mb-4 ">The two events were not directly connected. Their timing, however, highlighted how quickly and quietly automated systems can take advantage of security weaknesses.</p><p class="text-left mb-4 ">In the Balance Coin case, a human error or a single flawed line of code was enough to compromise the protocol. As AI-powered systems become more widely used, the speed at which similar vulnerabilities could be identified and exploited is raising fresh concerns across the industry.</p><p class="text-left mb-4 ">Neither 42DAO nor the Balance Protocol team has issued an official statement regarding the incident.</p>

22 Jul 2026

BTC

Bitcoin May Be Facing the Toughest Test in 17-Year Historyabout 4 hours ago

BTC, Altcoin

BlackRock, Coinbase and Seven Industry Giants Build a $15 Million Shield Around Bitcoinabout 6 hours ago

BTC, Altcoin

Crypto Exchange Ends Its 11-Year Journey: Shutting Down on September 23about 10 hours ago

Altcoin

S&P and Pantera Launch New 18-Coin Crypto Index, Without Bitcoin1 day ago

Altcoin

Stablecoin Project Exploited: $912,000 Lost and 99% Collapse1 day ago

BTC

Bitcoin May Be Facing the Toughest Test in 17-Year Historyabout 4 hours ago

BTC, Altcoin

BlackRock, Coinbase and Seven Industry Giants Build a $15 Million Shield Around Bitcoinabout 6 hours ago

BTC, Altcoin

Crypto Exchange Ends Its 11-Year Journey: Shutting Down on September 23about 10 hours ago

Altcoin

S&P and Pantera Launch New 18-Coin Crypto Index, Without Bitcoin1 day ago

Altcoin

Stablecoin Project Exploited: $912,000 Lost and 99% Collapse1 day ago

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