Everything web3, crypto, defi, degen
In brief Hackers are using fake Captchas to distribute Lumma Stealer malware, new research has found. Once installed by an unsuspecting user, the malware searches infected devices for credentials, including crypto wallet data. Lumma Stealer is an example of Malware-as-a-Service, which is effectively run as a “sustainable cybercriminal business,” experts told Decrypt. Bad actors are…
In brief The Federal Reserve has ended a supervisory program that monitored banks involved in crypto. U.S. banks will no longer face increased scrutiny for offering things like crypto custody or stablecoin services. The Fed’s move comes as the regulatory landscape in the U.S. changes under Trump. The Federal Reserve has ended a supervisory program…
BTC NEW ATH, ALTCOIN SEARCHES ARE BACK, USELESS GETS COINBASEBTC hits new ATH, then pulls back. ETH ETF inflows second-largest inflows ever. Altcoin google searches hit highest since 2021. Banking discrimination sent us to crypto: Eric Trump. Stargate asks for alternative buy-outs to LayerZero. Murano to buy $500m BTC. Google rescinds ban on non-custodial crypto…
In brief U.S. Treasury Secretary Scott Bessent said Thursday that the U.S. government will not be buying additional Bitcoin to supplement reserves of the token acquired via law enforcement seizures. For months, White House officials had stoked the hopes of Bitcoiners by saying they wanted to acquire as much of the cryptocurrency “as possible.” But…
In brief Ethereum wallet provider MetaMask will team up with payments services provider Stripe, according to a since-deleted governance proposal. A number of major financial services organizations and others are working on stablecoin initiatives or weighing them. U.K. bank Standard Chartered has predicted that the stablecoin market could reach $750 million by the end of…
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
In brief Standard Chartered has massively raised its Ethereum forecast to $7,500 by 2025, $12,000 in 2026, $18,000 in 2027, and $25,000 in 2028 and 2029, up from just $4,000 for 2025 in March. The bank points to heavy institutional buying, the GENIUS Act’s boost for stablecoins, etc, as key growth drivers. ETH is trading…
In brief Banking groups have demanded that Congress close “loopholes” in the new GENIUS Act that allow stablecoin interest payments through exchanges and third parties. The banks warned of a $6.6 trillion deposit flight risk that could disrupt traditional lending and increase borrowing costs. Industry momentum continues with major crypto firms such as Paxos and…
In brief Kaia registered four KRW-related trademarks earlier this month; Kakao and Kakao Pay sit on its governance council. Competing bills and an administration framework would set rules on licensing, reserves, equity requirements, interest treatment, and banks’ roles. Foreign exchange controls and planned reporting for cross-border crypto flows could limit early use cases, relative to…
In brief Stablecoin issuer Paxos applied for a national trust charter with the OCC. The firm joins Circle and Ripple among stablecoin companies seeking the national charter. In May, the OCC announced it would allow national banks to custody and manage crypto. Stablecoin and tokenization firm Paxos has filed an application with the Office of…
