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Largest Supply Chain Attack Targets Crypto via JavaScript

A massive supply chain attack is targeting cryptocurrency users through compromised JavaScript packages with over 2.6 billion weekly downloads. Hackers injected malware that intercepts and redirects crypto transactions to attacker-controlled wallets. Security researchers warn this represents the largest infrastructure compromise in history affecting the entire JavaScript ecosystem.

  • Attack compromised 18 JavaScript packages with 2.6+ billion weekly downloads including fundamental tools like chalk, debug, and ansi-styles
  • Malware intercepts transactions across 6 major blockchain networks (Ethereum, Bitcoin, Solana, Tron, Litecoin, Bitcoin Cash) and replaces destination addresses
  • Hardware wallet users protected if they verify transactions before signing, while software wallet users advised to avoid on-chain transactions
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Bitcoin Stalls at $111K as MemeCore (M) Surges 200% Weekly

Bitcoin faced rejection at $113,500 amid renewed selling pressure, settling around $111,000. Meanwhile, MemeCore (M) emerged as the standout performer with a staggering 200% weekly surge. The broader altcoin market remained largely stagnant except for selective gains in tokens like ENA and HYPE.

  • Bitcoin faced two rejections at $113,500 followed by rapid declines, causing over $300 million in liquidations
  • MemeCore (M) surged 200% in a week to become a top 100 cryptocurrency with a $2.6B market cap
  • The total crypto market cap remained stable at $3.91T despite BTC's volatility and mixed altcoin performance
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Altcoin ETF Approvals Unlikely to Spark Traditional Rally

Bloomberg ETF analyst James Seyffart suggests the current market represents an alternative form of altcoin season through digital asset treasury companies rather than traditional token rallies. He argues upcoming ETF approvals for altcoins are unlikely to replicate Bitcoin’s institutional success. The market is experiencing a structural shift toward institutional preferences for diversified products over individual altcoin exposure.

  • SEC's new framework enables immediate ETF approval for 10 cryptocurrencies including Dogecoin, Solana and Chainlink, with more qualifying once futures meet 6-month trading requirements
  • Institutional investors strongly prefer diversified cryptocurrency basket ETFs over single-asset altcoin products, with Grayscale and Bitwise already awaiting approval for multi-asset funds
  • Digital asset treasury companies (DATCOs) have absorbed capital that historically flowed into altcoins, representing a structural market shift toward institutional participation through regulated vehicles
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U.S. Bank Resumes Bitcoin Custody for Institutions

U.S. Bank has relaunched its Bitcoin custody services for institutional clients after a two-year pause due to regulatory uncertainty. The fifth-largest U.S. bank will now support both Bitcoin and Bitcoin ETFs through a partnership with NYDIG. This move signals growing institutional acceptance following recent regulatory changes.

  • Service resumed after 2022 pause caused by SEC accounting bulletin SAB 121, which was rescinded in January 2024
  • Partnership with NYDIG enables custody services for Bitcoin and Bitcoin ETFs targeting institutional fund managers
  • Expansion follows Federal Reserve ending special crypto monitoring program and broader regulatory easing under current administration
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SEC & CFTC Unite: Crypto Now Commodities, Not Securities

U.S. regulators have issued a landmark joint statement clarifying that crypto assets are commodities, not securities. This paves the way for major exchanges like NYSE and Nasdaq to facilitate crypto trading. The move is hailed as a significant step toward bringing crypto innovation back to America.

  • Joint SEC-CFTC statement clarifies crypto assets are commodities, not securities, removing regulatory barriers for exchanges
  • Opens path for crypto trading on major traditional platforms like NYSE and Nasdaq, accelerating mainstream adoption
  • Represents significant policy shift from previous regulatory uncertainty, with agencies committing to support innovation
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Tether Drops Freeze Plan, Labels Legacy Chains ‘Unsupported’

Tether has reversed its controversial plan to freeze USDT tokens on several older blockchain networks. Instead, the stablecoin issuer will classify these chains as ‘unsupported’ while allowing users to continue transferring existing tokens. The decision follows significant community pushback against the original freeze proposal.

  • Tether reversed its freeze plan after community backlash, allowing token transfers but stopping new issuance/redemptions on legacy chains
  • The affected networks include Bitcoin Cash, Kusama, EOS, and Algorand, which represent negligible USDT volume compared to Ethereum and Tron
  • The decision aligns with Tether's simultaneous announcement of plans to issue native USDT on Bitcoin using the RGB protocol
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Bitcoin Dips Below $120K as Altcoins Crash: Market Watch

Bitcoin slipped below $120,000 amid market volatility, while several altcoins suffered double-digit losses. The upcoming US CPI report could further impact crypto prices, with traders eyeing potential Fed rate cuts.

  • Bitcoin's price dipped below $120,000 after briefly surpassing $122,000, with market cap retreating to $2.36 trillion.
  • Ethereum (ETH) held steady at $4,300, but several altcoins, including Story (IP) and Bonk (BONK), saw double-digit losses.
  • The upcoming US CPI report could trigger further volatility, with softer inflation potentially sparking a crypto rally ahead of the next FOMC meeting.
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Bitcoin Hits 10-Day High as LINK Surges 7%: Market Update

Bitcoin has climbed to a 10-day high above $118,000, while Chainlink (LINK) leads altcoins with a 7% surge. The crypto market shows resilience amid recent volatility, with ETH holding strong at multi-year highs.

  • Bitcoin recovers from $112,000 low to hit 10-day high above $118,500, boosting market cap to $2.355 trillion.
  • Chainlink (LINK) surges 7% to lead altcoin gains, trading above $22 while other major alts see minor pullbacks.
  • Ethereum holds above $4,200 for first time since late 2021 as total crypto market cap stabilizes above $4 trillion.
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Bitcoin Dips Below $113K as Altcoins Slide: Market Watch

Bitcoin’s volatility persists as it drops below $113,000, dragging altcoins into the red. The Federal Reserve’s unchanged interest rates and macroeconomic uncertainties continue to weigh on the crypto market.

  • Bitcoin's price dropped below $113,000 after failing to break the $116,000 resistance level.
  • Altcoins like XRP, SOL, and HYPE declined by up to 4%, with BONK and PENGU losing 6-7%.
  • The Federal Reserve's decision to hold interest rates and macroeconomic uncertainties contributed to the market downturn.
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Crypto.com Review: Features, Benefits & CRO Token

Crypto.com is a leading cryptocurrency platform offering a comprehensive ecosystem, including trading, staking, lending, and payments. With over 10 million users, it supports 90+ countries and features its native CRO token. Discover its key products and benefits in this review.

  • Crypto.com offers up to 6.5% APY on crypto staking through Crypto Earn, with interest paid weekly.
  • The Crypto Credit feature provides instant loans with up to 50% LTV, no credit checks, and flexible repayment terms.
  • The Crypto.com Visa Card allows users to spend crypto globally, with rewards and cashback incentives.
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