A new wave of malware-infested fake crypto apps has potentially exposed over 10 million users worldwide, with cybersecurity researchers warning investors and traders to stay alert. Fake Crypto Apps Masquerade as Trusted Platforms Since early 2024, a highly sophisticated malware campaign has been targeting crypto users through malicious advertisements. These ads mimic popular crypto trading platforms and wallets, luring victims to download apps that appear legitimate but are embedded with code designed to steal crypto assets and sensitive login credentials. Over 35,000 fake ads have been detected across social media platforms, particularly in regions with high digital activity like Europe…
Author: Blockto Team
The Ether Machine has made a bold move in the crypto market, acquiring 15,000 ETH worth $56.9 million, pushing its total Ethereum holdings well beyond the Ethereum Foundation’s reserve. Ether Machine Now Holds Over 334,000 ETH In a strategic buy disclosed Wednesday, The Ether Machine revealed it purchased the latest batch of ETH at $3,809 per coin, reinforcing its long-term accumulation mandate. This brings its total holdings to 334,757 ETH, currently valued at over $1.28 billion, depending on market price fluctuations. The Ethereum Foundation currently holds an estimated 234,000 ETH, according to data from StrategicETHReserve, making The Ether Machine the…
NEAR Protocol (NEAR) recorded a modest intraday rebound in the final hour of July 30 trading, climbing from $2.62 to a session high of $2.63, before settling back at $2.62. While the move appears slight on the surface, it coincided with a sharp rise in trading volume and the debut of a key DeFi player, reflecting early signs of accumulation amid broader bearish momentum. Volume Spike Follows Launch of RHEA Finance on LBank NEAR’s late-hour uptick was triggered by the debut of RHEA Finance, a decentralized finance aggregator backed by $4.5 million in seed funding from Jump Crypto and Dragonfly…
Trading platform Robinhood reported a 98% year-over-year increase in crypto revenue, reaching $160 million in Q2, fueled by growing market activity and its bold push into asset tokenization. CEO Vladimir Tenev confirmed the company’s vision to lead this sector both in the U.S. and international markets. Crypto Trading Surge Drives Revenue Growth Robinhood’s total crypto volumes rose 32% to $28 billion in the quarter, as the global crypto market cap jumped 21.7% to $3.36 trillion. The company also reported net revenue of $989 million, up 45%, and a 105% increase in net income to $386 million. Despite outperforming expectations, Robinhood…
The cryptocurrency market faced a wave of volatility on Wednesday as over $200 million in leveraged positions were liquidated within an hour, triggered by the Federal Reserve’s decision to keep interest rates steady alongside hawkish commentary from Fed Chair Jerome Powell. Hawkish Fed Remarks Trigger Market Reactions Although the central bank left interest rates unchanged, Powell’s tone during the press briefing signaled concern about rising inflation, largely attributed to new tariff policies. “Increased tariffs are pushing up prices,” Powell said, warning that inflation expectations are trending higher. These remarks swiftly erased earlier market optimism, causing Bitcoin (BTC) to fall below…
Bitcoin surged past $116,000, reaching a new multi-month high, before experiencing a sharp intraday pullback following Federal Reserve Chair Jerome Powell’s hawkish stance on inflation and tariffs. The brief rally reflected strong momentum, but market sentiment shifted quickly as Powell’s remarks reignited interest rate concerns. Bitcoin Hits $116K Before Swift Reversal In early trading Wednesday, Bitcoin rallied to $118,400, marking one of its strongest performances this quarter. The surge came amid expectations that the Federal Reserve would maintain a neutral stance on interest rates. Bitcoin’s upward movement signaled investor optimism, driven by growing institutional adoption and capital rotation from traditional…
The White House has officially released a comprehensive crypto regulatory report, laying the groundwork for a new digital asset policy regime in the United States. This strategic document outlines major reforms to market structure, banking oversight, taxation, and stablecoin usage, reinforcing the Trump administration’s vision for digital finance. Defining Crypto Assets: Securities vs. Commodities At the heart of the report is the call to establish a taxonomy for digital assets, clearly differentiating which cryptocurrencies fall under securities laws and which are classified as commodities. Jurisdictional responsibility would be split between the SEC and CFTC, with the CFTC overseeing spot markets…
The Federal Open Market Committee (FOMC) recently chose to maintain current interest rates, a decision that carries notable implications for Bitcoin and the broader crypto market. With the federal funds rate staying unchanged, investors are closely evaluating how this policy impacts risk assets like cryptocurrencies. Bitcoin Holds Steady After Rate Decision Following the announcement, Bitcoin (BTC) remained relatively stable, suggesting that the market had already priced in the Fed’s decision. Historically, interest rate hikes have placed downward pressure on crypto due to higher yield opportunities in traditional markets. But in a scenario where rates stay flat, digital assets like BTC…
Polkadot (DOT) experienced a significant price drop of more than 6%, reflecting intensified market pressure amid a broader decline across digital assets. The token fell from $4.02 to $3.77 within a 24-hour period, driven by heightened selling momentum and weakening support levels. DOT Price Breakdown: Key Support Now at $3.74 Support for DOT has deteriorated to $3.74, marking a crucial level to watch as bearish sentiment persists. This decline follows a rejection near $3.87, where resistance formed during heightened trading activity. Substantial resistance continues to hold around $3.83–$3.87, capping recovery attempts and signaling ongoing bearish control. Technical analysis suggests a…
As the Bitcoin market evolves, a surge in crypto treasury strategies among public companies is raising red flags for industry leaders. The CEO of one of the top Bitcoin mining firms has warned that the rapid rise of Bitcoin-holding corporations may put significant pressure on BTC prices in the near future. MARA CEO Warns of Crowded Bitcoin Treasury Space Fred Thiel, CEO of MARA Holdings—the largest publicly traded Bitcoin miner by market cap—has raised concerns about the growing number of companies adopting Bitcoin as a treasury reserve asset. “They can’t all be successful,” Thiel emphasized during a recent earnings call,…