A cross-platform malware campaign, dubbed “SparkCat,” targets cryptocurrency wallet recovery phrases through malicious apps on both Android and iOS. The malware, embedded in various applications, scans users’ image galleries for sensitive data, leveraging optical character recognition to identify mnemonics. Security experts warn that if such tactics become easier to replicate, the potential for widespread damage could increase significantly.
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News from China
Generated 28 posts last week Ex Google Engineer Charged with Stealing AI Trade Secrets Faces 175 Years
A former Google engineer, Linwei (Leon) Ding, faces up to 175 years in prison for allegedly stealing trade secrets related to AI technology to benefit Chinese firms. Charged with multiple counts of economic espionage and theft, Ding is accused of uploading over 1,000 proprietary documents to his personal account while in discussions with a Chinese tech company. His actions reportedly included leaking critical information about Google’s AI supercomputer hardware and software, with the DOJ asserting that he aimed to enhance China’s computing capabilities.
read moreUS Senator Proposes Bill to Criminalize Downloading DeepSeek AI Technology
US Senator Josh Hawley has introduced the Decoupling America’s Artificial Intelligence Capabilities from China Act, aiming to ban the import and export of AI technology to China, including the DeepSeek AI chatbot. Violators could face fines up to $1 million for individuals and $100 million for companies, along with potential jail time.Critics argue the bill could hinder US AI research and innovation, with experts warning it may “kill open-source” efforts and slow Western progress in AI development.
read moreMarket Trends for Ethereum HBAR and Bonk Amid Liquidations and Speculation
Ethereum (ETH) struggles with selling pressure despite a recent recovery, facing significant liquidations and a decline in dominance. Hedera (HBAR) shows mixed signals, with analysts predicting potential rebounds if key resistance levels are reclaimed. Meanwhile, Bonk (BONK) experiences volatility but continues to attract whale interest, indicating ongoing speculation in the memecoin market.
read moreToncoin Investors Shift to Panshibi Amid Significant Price Decline
Toncoin (TON) has seen a sharp decline, dropping over 17.5% in a week, prompting investors to seek alternatives like Panshibi (SHIBI), a new meme coin gaining traction with its unique Social-Fi and AI-driven gaming features. Currently in presale at $0.004, Panshibi is attracting attention for its potential 145,000% surge post-launch, with early investors already doubling their money. As confidence in Toncoin wanes, Panshibi emerges as a promising opportunity for those looking to capitalize on the evolving crypto landscape.
read moreBlackRock Expands Ethereum Holdings with Recent Multi-Million Dollar Purchases
BlackRock has significantly expanded its Ethereum holdings, acquiring $276.16 million worth on February 4, following earlier purchases totaling $128.3 million within two days. This move aligns with the firm’s strategy after filing for a spot Ethereum ETF in November, as CEO Larry Fink views Ethereum as a valuable blockchain asset rather than a currency.In related news, Hong Kong legislator Johnny Ng urges faster pro-crypto initiatives in response to U.S. crypto czar David Sacks’ recent press conference, emphasizing the need for the region to enhance its crypto industry to remain competitive globally. Ng recommends government actions to support stablecoins and a national Bitcoin reserve.
read moreBitcoin’s Resilience Amid Trump’s Trade War and Economic Challenges
In light of President Trump’s trade tariffs, Bitcoin’s resilience is highlighted by Bitwise Asset Management, suggesting it could thrive regardless of the trade war’s outcome. If Trump successfully weakens the dollar, Bitcoin may attract significant investment as risk appetite grows. Conversely, a prolonged trade conflict could lead to extensive monetary stimulus, historically beneficial for Bitcoin as investors seek alternatives to traditional assets.
read moreMantra OM Price Predictions Amid Market Volatility and Overbought Signals
Analysts predict that Mantra (OM) could reach between $10 and $15, with some calling it the “king of RWAs.” Despite a recent all-time high of over $6 and a staggering 3,500% yearly increase, the Relative Strength Index (RSI) indicates a potential short-term correction as it has entered overbought territory.
read moreShiba Inu Partners with UAE Government Driving Price Surge and Milestones
Shiba Inu (SHIB) saw an 8% price surge, reaching approximately $0.0000164, following a partnership with the UAE’s Ministry of Energy and Infrastructure aimed at integrating blockchain at a federal level. This collaboration marks a significant step in redefining government services through emerging technologies.Additionally, Shibarium achieved a milestone of over 900 million transactions, while SHIB’s burn rate increased by nearly 600%, with 18.7 million tokens sent to a null address, potentially reducing supply and supporting price growth.
read moreTrump’s Tariff Strategy Risks Economic Fallout and Higher Consumer Prices
President Trump is set to impose $1.4 trillion in tariffs on Mexico, Canada, and China, a move that could significantly impact the economy and consumer prices. Experts warn this aggressive strategy may lead to higher grocery costs, supply chain disruptions, and a potential economic slowdown, with estimates suggesting a GDP decline of up to 3.6 percentage points by 2026. The situation remains fluid, with the possibility of last-minute negotiations to avert severe consequences.
read moreTrump Imposes Tariffs as Canada and Mexico Respond with Retaliation
Investors brace for stock market declines as Canada and Mexico retaliate against new tariffs imposed by Trump, with technology stocks expected to be particularly affected. Canada will implement a 25% tariff on $155 billion of American goods, while Mexico’s response includes various measures. Economists warn that these tariffs could lead to increased consumer prices and a potential recession risk in Canada, as the interconnected nature of North American trade complicates competitiveness.
read moreTrump’s Tariffs Cause Bitcoin Drop While Gold Reaches All Time High
Donald Trump’s recent imposition of hefty tariffs on Canada and Mexico has triggered significant market reactions, with Bitcoin plummeting from over $106,000 to under $98,500 during the weekend. In contrast, gold reached an all-time high of nearly $2,820/oz before retracing slightly, highlighting a stark divergence in asset performance amid escalating trade tensions. The full impact of these developments on gold will become clearer when Asian markets open on Monday.
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