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 Metaplanet has bought a further 775 BTC for $93 million to bolster its corporate treasury. The Japanese firm’s Bitcoin stash is now worth roughly $2.17 billion, despite Bitcoin’s downturn over the weekend. Analysts told Decrypt that steady buying can tighten liquidity and raise near term volatility. Metaplanet Inc. bought an additional 775 Bitcoin…
In brief Bitcoin’s recent price drop was a result of profit-taking by traders closing positions, rather than a fundamental shift to a bearish sentiment. The market is taking a cautious, defensive stance due to geopolitical uncertainty and upcoming macroeconomic events like Friday’s speech from Fed Chairman Jerome Powell. However, long-term bullish catalysts like new Fed…
In brief Digital Currency Group has sued its subsidiary Genesis, the now-shuttered crypto lender. The crypto giant claims that a $1.1 billion loan it made to Genesis was more than enough to cover its losses following its 2022 collapse—and that the firm has actually profited. The latest lawsuit comes after Genesis in May sued Digital…
In brief $941 million worth of positions have been liquidated across the crypto market, most of which were longs. It comes as Thursday’s PPI report shocked the market, prompting major tokens including Dogecoin, Solana, and Cardano to retreat from recent highs. Experts say this is nothing out of the ordinary, as Ethereum and Bitcoin continued…
In brief The federal agency has used its last full 60-day extension period, setting a final decision date of October 16 for the pending Solana ETF proposals. Market observers remain cautious of Solana’s price action, weighing how the SEC’s decision could shape the outlook for other altcoin-linked ETFs. BlackRock has stated it does not plan…
In brief Experts generally agree that favorable regulatory shifts in the United States and massive buy-ups of Ethereum on Wall Street have enabled ETH’s current, ongoing streak. Some analysts contend these factors are so bullish for Ethereum, that the token will continue to surge through the end of the year, potentially beyond $7,000. Others caution,…
In brief Ethereum ETFs pulled in $704 million on Wednesday, nearly eight times the inflows into Bitcoin funds. The three-day surge brings total ETH ETF inflows to $2.2 billion, compared to $331 million for Bitcoin. Standard Chartered has hiked its Ethereum price target to $7,500 by 2025, citing deep institutional demand and limited supply. Institutional…
In brief Bitcoin surged to a record high above $124,000 as traders bet on a September U.S. rate cut, with odds exceeding 90%. Analysts cite strong order book dynamics, renewed buying pressure, and a favorable regulatory climate under the Trump administration as key drivers. Ethereum and XRP also advanced, though some warn markets may be…
In brief Lixte Biotechnology shares fell 16% on Wednesday after it announced plans to establish a Bitcoin treasury. Bitcoin hit a new all-time high price on Wednesday, but Ethereum has risen much more dramatically of late. Ethereum treasury firms have seen massive gains recently, helping to drive ETH’s momentum. Bitcoin hit a new record high…
