The first week of July 2025 was filled with significant events in the cryptocurrency world, including the recovery of the largest Iranian exchange Nobitex after a major hack and innovations in crypto asset regulations.
Nobitex's Recovery After Major Hack
Iran's crypto exchange Nobitex is gradually restoring its services following a $100 million hack carried out by a group of hackers. As of June 30, users can resume withdrawals, while trading and deposits are being slowly reintroduced. The exchange has warned users to use new wallet addresses due to system migration.
Other Notable News in the Crypto Market
This week also saw several key developments:
* Four North Korean nationals have been charged with stealing $1 million in cryptocurrency. * Circle has applied for a national charter to create a digital currency bank. * REX Shares and Osprey Funds announced the launch of the first crypto ETFs in the U.S. featuring Solana and Ethereum. * Lido DAO has approved a dual governance system to empower holders of stETH tokens. * Approximately $20,000 in Bitcoin was sent to an address associated with Satoshi Nakamoto.
Market Trends: Winners and Losers
This week, the top five cryptocurrencies with the highest gains are:
* MORI COIN +320.5% * Humanity +348.4% * Nobody Sausage +225.3% * Startup +296.9% * Hosico Cat +221.1%
Among the major losers:
* MEOW -19.6% * Liquity -23.5% * SaaSGo -23.4% * Bitcoin SV -20.7% * Keeta -15.8%.
The first week of July 2025 was marked by significant events in the cryptocurrency space, from the recovery of Nobitex to changes in crypto market regulations. These developments highlight both the challenges and opportunities faced by participants in this dynamic sector.
