Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets
Malware operations targeting holders of Ethereum, XRP, and Solana cryptocurrencies have been exposed by cybersecurity researchers. The threat attacks Atomic and Exodus wallet owners by using compromised software packages installed by developers unaware of the malware contained in the code. The malware, upon execution, is able to send cryptocurrency to thief-held addresses with no indication on the wallet owner. How The Attack Works Researchers say the attack starts when developers unwittingly include hacked node package manager (NPM) packages in their projects. One such package named “pdf-to-office” appears genuine on the surface but conceals malicious code within. The package searches computers for installed crypto wallets and then injects code that intercepts transactions. This enables criminals to steal money without the user’s awareness or permission. Multiple Cryptocurrencies At Risk Security researchers have concluded that the malware can divert transactions on multiple of the world’s leading cryptocurrencies. They include Ethereum, USDT, XRP and Solana. The attack is what researchers identify as “an escalation in the ongoing targeting of cryptocurrency users through software supply chain attacks.” Technical Details Reveal Sophisticated Methods ReversingLabs discovered the campaign by scanning for suspicious NPM packages. Their analysis revealed several warning signs such as suspicious URL associations and code structures matching well-known threats. The attack employs sophisticated techniques for evasion from security tools and is multi-stage in nature. The infection begins when the malware package executes its code aimed at wallet software on the target’s machine. It specifically looks for application files in some of the predetermined paths before injecting its malicious code. No Visual User Warning Signs According to reports, this malware’s effect can be catastrophic since transactions appear absolutely normal on the wallet interface. The code substitutes valid recipient addresses with attacker-controlled addresses through base64 encoding. For instance, when a user attempts to send ETH, the malware substitutes the recipient address with the attacker’s address, which is concealed in encoded form. Users have no visual clue that anything is wrong until they check the blockchain record afterward and discover their money went to an unexpected address. The security threat indicates increased harm to cryptocurrency owners who might not be aware their transactions are compromised until funds go missing. The modus operandi of the attack is evidence of how hackers keep coming up with new methods of pilfering digital assets. Cryptocurrency users should be extremely cautious when verifying all transaction addresses. Developers are also advised to double-check the security of any packages they install on cryptocurrency-related projects. Featured image from Enterprise Networking Planet, chart from TradingView
Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst El Crypto has raised the possibility of an altcoin season happening soon. The analyst alluded to Bitcoin’s dominance rising to a major rejection zone, which could be bullish for altcoins. Altcoin Season May Be Imminent As Dominance Hits Major Rejection Zone In an X post, El Crypto suggested that the altcoin season may be imminent as Bitcoin’s dominance hits a major resistance zone. He revealed that BTC’s dominance again touched a zone that has led to rejection every time in the last one and a half years. He added that the Stochastic Relative Strength Index (RSI) is also in the overbought area, while a bearish cross has now happened again. Related Reading Based on this, the analyst remarked that the market looks to be in for some fun, hinting at an altcoin season. Crypto analyst CryptoElites also affirmed that Bitcoin’s dominance has reached its peak. He further affirmed that next up is a massive altcoin rally, which will usher in the alt season. Source: CryptoElites on X In another X post, the crypto analyst alluded to the USDT and USDC dominance ratio. He claimed that the market was at a critical trend reaction point right now. CryptoElites then mentioned that if the stablecoins’ dominance breaks down, then the altcoin season will officially begin. Crypto analyst Kevin Capital also looked to provide a bullish outlook towards the altcoin season. In an X post, he highlighted the global liquidity index overlaid with the Dogecoin price. In line with this, he remarked that it might be time for market participants to start paying attention to this. So far, altcoins have been mirroring Bitcoin’s price action, suffering a similar downtrend amid the trade war. However, if the altcoin season were to kick into full gear, these altcoins could easily decouple from the flagship crypto and outperform. Ethereum is known to lead this altcoin season, but that may not be the case this time, as ETH has underperformed throughout this cycle. Still Bitcoin Season For Now Blockchain Center data shows that it is still Bitcoin season for now, as the flagship crypto continues to outperform most altcoins. In the past 90 days, only seven out of the top 50 coins have outperformed the flagship crypto. These coins include Mantra, GateToken, Monero, LEO, Tron, and FastToken. Related Reading For it to be altcoin season, 75% of the top 50 coins would need to outperform Bitcoin over the last 90 days. Although almost all coins have witnessed declines within this timeframe, BTC has suffered a 22% drop, which is less than what these altcoins have seen during this period. At the time of writing, the Bitcoin price is trading at around $80,900, down over 1% in the last 24 hours, according to data from CoinMarketCap. Total market cap excluding Bitcoin at $939.29 billion | Source: TOTAL2 on Tradingview.com Featured image from iStock, chart from Tradingview.com
Stablecoins Supply Up By $20 Billion – The Key To Bitcoin’s Next Move?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Early in 2025, there was a significant surge in the stablecoin market, with a $20 billion increase in total supply. With a 10% increase from January, the total supply now stands at almost $205 billion. The spike, according to data from Glassnode, comes after a dip in late 2024, when the supply of stablecoins fell from $187 billion to $185 billion. Related Reading Stablecoins See A Strong Rebound For trading cryptocurrencies, stablecoins—like USDT and USDC—often act as a reserve for investors expecting the right time to buy assets like Bitcoin. The most recent rise shows that investor interest has surged, especially in view of last year’s slow down. Since Jan 1, the aggregate #stablecoin supply has increased by $20.17B (+10.9%), now reaching more than $205B. For comparison, the December peak clocked in at $187B but the supply actually contracted in the last two weeks of 2024 and dropped to $185B by January 2025. pic.twitter.com/gQbdMEDisb — glassnode (@glassnode) March 13, 2025 Given the previous fall, this comeback is especially notable. For most of 2024 the market has been losing stablecoins; but, this trend has lately reversed. Although past patterns suggest that Bitcoin’s price may be impacted, it is unknown whether this increase will lead to a rise in purchases of cryptocurrencies. Bitcoin Investors Watching Closely A growing stablecoin supply is often seen as a bullish sign for Bitcoin. Historically, the price of Bitcoin has risen in line with the stablecoin count. The reasoning is simple: more stablecoins mean more potential capital just waiting to be entered into the market. Some analysts believe this fresh injection could push Bitcoin higher. However, not all stablecoins are used for trading. Many are held for remittances, payments, or as a hedge against inflation, especially in countries where local currencies are unstable. As of today, the market cap of cryptocurrencies stood at $2.65 trillion. Chart: TradingView Stablecoin Exchange Holdings Drop 21% While the total supply is rising, only 21% of stablecoins are currently sitting on exchanges. This is a significant drop from 2021, when over 50% of the supply was available for immediate trading, Glassnode disclosed. This shift suggests that while new coins are being issued, they are not all being deployed into crypto markets right away. Related Reading This could point to one of two possibilities: either stablecoins are being used more often outside of exchanges or investors are still waiting for the suitable moment. Should the latter prove right, the impact on Bitcoin could be less notable than expected. What This Means For Bitcoin’s Future The stablecoin market is currently experiencing a resurgence, which is generally a favorable development for the cryptocurrency sector. However, it is uncertain whether this will result in a short-term increase in the price of Bitcoin. Stablecoin utilization has fluctuated, and additional economic variables will contribute to this development. At the time of writing, Bitcoin was trading at 82,264, down 1.1% and 6.9% in the daily and weekly frames. Featured image from Warwick Business School, chart from TradingView
Bitcoin Price To $150,000: Why The USDT Dominance Plays An Important Role
Este artículo también está disponible en español. Bitcoin has extended its consolidation below $100,000 since the beginning of February. This price lag has been compounded by a slowdown in bullish sentiment among investors and a slowing euphoria regarding the crypto-positive influences of Trump’s new administration in the US. Despite this rally slowdown, technical analysis continues to support a bullish long-term outlook for Bitcoin. The current stagnation appears to be a re-accumulation phase for bullish investors; a pattern observed multiple times before major upward moves this cycle. Furthermore, analysis shows that the USDT dominance is going to play a crucial role in triggering the next Bitcoin rally toward $150,000. Bitcoin’s Re-Accumulation Phase And The Role Of USDT Dominance According to a technical analyst (TradingShot) on the TradingView platform, Bitcoin is currently exhibiting an interesting accumulation trend alongside the USDT dominance. The USDT dominance reflects the percentage of the total crypto market capitalization in USDT, indicating whether traders favor stablecoins over riskier crypto assets. A high USDT dominance typically signals low buying pressure in cryptocurrencies. Conversely, a declining USDT dominance often suggests that traders are rotating funds back into Bitcoin and other cryptocurrencies. Related Reading Interestingly, the USDT dominance has had a crucial simultaneous occurrence with Bitcoin’s preparations for rallies this cycle. Two notable re-accumulation periods have occurred after Bitcoin bottomed in November 2022, with each leading to significant price rallies. The first accumulation period spanned from January 2023 to March 2023, while the second occurred between November 2023 and February 2024. Both of these re-accumulation phases took place at the 0.5 Fibonacci extension level from an earlier accumulation phase. Additionally, these phases shared common characteristics, including a peaking 1-day RSI structure in the USDT dominance chart and a pullback in the Dollar Index (DXY). $150,000 rally for BTC bolstered by USDT dominance | Source: TradingShot on Tradingview Now, Bitcoin appears to be mirroring the same conditions again, with USDT dominance and the DXY pulling back with the current re-accumulation phase, which has been playing out since December 2024. If the pattern continues to unfold as expected, this could indicate that Bitcoin is on the verge of its next major rally. USDT To Send BTC To $150,000 If Bitcoin follows the pattern observed in previous rallies this cycle with the USDT dominance to the core, the re-accumulation phase could end within the next one or two weeks and eventually cause another rally to new all-time highs. Related Reading In terms of a target, the analyst noted a potential $150,000 target for the Bitcoin price, at least before another major correction and a subsequent accumulation phase. However, Bitcoin must overcome key resistance levels, particularly the psychological $100,000 mark, which has served as a major hurdle in recent weeks. At the time of writing, Bitcoin is trading at $97,175, up by 1.6% in the past 24 hours. A move to $150,000 will represent a 54% increase from the current price. BTC trading at $97,283 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pexels, chart from Tradingview.com
Did A Massive Bitcoin And Ethereum Sell-Off By Binance Trigger The Market Crash? Crypto Exchange Responds
Este artículo también está disponible en español. There have been recent concerns within the crypto community regarding Binance’s recent activities after a claim surfaced that the exchange had been offloading large amounts of Bitcoin and Ethereum. The Binance selloff trend was first noted on social media platform X by a market participant known as AB Kuai.Dong (@_FORAB), who noted that the crypto exchange had allegedly been selling off its Bitcoin and Ethereum holdings. Did Binance Trigger The Market Crash? The crypto market has endured a turbulent two weeks, with Bitcoin at the center of a series of price crashes. The downturn began as Bitcoin plunged to $92,000 on February 3. Although a brief recovery saw BTC climb toward $98,000 on February 11, the momentum proved short-lived. Bitcoin has since struggled to regain momentum and is hovering around $95,000. Related Reading Unsurprisingly, Bitcoin’s price crash rippled across the market, dragging down other cryptocurrencies. On the same day Bitcoin hit its local low, Ethereum fell below $2,470. As noted by AB Kuai.Dong, Binance may have contributed to the downturn. Data shows that crypto addresses owned by Binance have seen a drastic decline in their holdings in recent few days. Particularly, AB Kuai.Dong noted that Binance had allegedly been selling off a huge part of its crypto holdings, which cuts across Bitcoin, Ethereum, Solana, BNB, and some stablecoins. Binance recent activities data | Source: AB Kuai.Dong on X On-chain data revealed that Binance has experienced a drastic 94.1% reduction in its Bitcoin holdings between January and February. The outflow was even more extreme for Ethereum, where balances dropped by 99.9% over the same period. BNB, Solana, and Tether USDT have also been reduced by 16.6%, 99%, and 99.9%. Interestingly, AB Kuai.Dong noted these assets were primarily past revenue generated by the platform rather than user funds. He also pointed out that a significant portion of the sold cryptocurrencies had been converted into USDC, which has increased by 57.5% in Binance’s wallets. Binance Responds To Market Crash Allegations AB Kuai.Dong quickly gained traction among crypto traders and investors on X, particularly those searching for explanations for the recent drop in Bitcoin and Ethereum prices. As the biggest crypto exchange in the world, a major selloff by Binance would be one of the worst things to happen to the cryptocurrencies involved. Related Reading However, Binance was quick to address the concerns, firmly denying that it had sold any assets. In an official statement on X, the exchange clarified that what had been observed was merely an internal accounting adjustment within the Binance treasury. As such, Binance reassured users that their funds remained safe and secure as always. At the time of writing, Bitcoin is trading at $95,740, having declined by 2.6% in the past 24 hours. Ethereum is trading at $2,600 and is on a 4.2% decline in the past 24 hours. BTC trading at $96,154 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Unsplash, chart from Tradingview.com Source link
Tron Social Dominance Climbs As USDT Balance Nears ATH
The remarkable change the TRON blockchain is going through confirms its strong presence in the cryptocurrency scene. Driven mostly by stablecoin transactions and a growing memecoin industry, recent data exposes a solid increase in network activity. Retail and institutional investors have drawn interest in the platform’s development from a basic blockchain to a multifaceted digital habitat. Network’s Stablecoin Circulation Soars To Historic Highs Handling an impressive 60% of all transfers across blockchains, TRON has become the chosen avenue for USDT transactions. Although Ethereum still accounts for 47% of the entire USDT supply, TRON’s 43% share drives much more transaction activity. Two recent $1 billion USDT mints driving the stablecoin circulation to historic highs for the network highlight this efficiency. USDT balance on TRON is nearing its all-time high after two $1.0B mints last week “This surge in USDT supply suggests increasing demand… Large mints like these are often associated with heightened trading activity & institutional movement.” – By @JA_Maartun pic.twitter.com/bxNsHgyNE7 — CryptoQuant.com (@cryptoquant_com) February 7, 2025 Memecoin Mania Fuels Network Growth And Innovation SunPump’s launch was a major turning point in TRON’s history and ignited an innovative explosion within its ecosystem. With the support of a generous $10 million meme ecosystem reward program, developers have added over 94,000 additional coins to the network. Due to this spike in activity, TRON has done well, with daily active addresses rising by 20% yearly. Revenue Milestone Signals Market Maturity TRON’s annual revenue of $2 billion shows its rise to financial success. This milestone shows that more people are using the network for real-life uses, not just for numbers. The platform is now one of the top public layer-1 blockchains and ranks second in daily active addresses, just behind Solana. Strong community activity Strong market performance Top coins by LunarCrush AltRank 1 Tron $TRX 2 DOG (Bitcoin) $DOG 3 Fantom $FTM 4 Ondo $ONDO 5 Movement $MOVE 6 MEMDEX100 $MEMDEX 7 Ice Open Network $ICE 8 XYO $XYO 9 Velo $VELO 10 Clearpool $CPOOL View all coins by… pic.twitter.com/7y4XKP6Kon — LunarCrush Analytics (@LunarCrush) February 7, 2025 Strong Social Engagement, Market Sentiment Lunar Crush analytics ranks TRON first in Altrank due to its strong social media and community presence. This attention is crucial for TRX, the network’s native cryptocurrency. Watching important market levels, technical experts see possible swings between $0.20 and $0.30. The high social indicators together with TRON’s increasing basic strength point to the network’s position for steady development. Featured image from Gemini Imagen, chart from TradingView Source link
XRP Price Eyes 40% Gains, Analyst Reveals The ‘Best Level’ To Buy And Hold
Este artículo también está disponible en español. Crypto analyst ProjectSyndicate has made a bullish case for the XRP price, which he predicts could record 40% gains soon enough. The analyst also revealed the price level, which he believes is ideal for market participants to buy and hold XRP. XRP Price Eyes 40% Gains As Analyst Reveals Key Level In a TradingView post, ProjectSyndicate predicted that the XRP price could witness a 40% move to the upside soon enough. This came following his analysis of XRP’s 4-hour chart. He noted that the outlook remains bullish despite the current pullback in progress. The analyst added that buying low is still a perfect trade setup with low risk. Related Reading Project Syndicate remarked that the price is currently in correction mode after the retest of the all-time high. He added that there is limited upside at the current market price of $2.50. In line with this, he asserted that the pullback isn’t complete and predicted that XRP could still drop to as low as $2 before it records the 40% gains that he predicted. 40% gains on the horizon | Source: ProjectSyndicate on Tradingview Based on his strategy of buying low, he recommended that market participants should look to buy and hold the crypto when its price drops to $2. He also advised that they should take profit when XRP records the 40% gains as it rebounds to $2.80. The XRP price has suffered one of the worst pullbacks among the major caps amid the current bearish sentiment in the crypto market. As a result, XRP has also lost its spot as the third-largest crypto by market cap, dropping to number four behind USDT. However, amid this pullback, crypto analyst ColdBloodedCharter has also stated that now is a great opportunity to accumulate XRP. He highlighted $2.50, between $2.25 and $2.30, and between $1.90 and $2 as buy-the-dip levels that “make sense.” This Pullback Could Be The Final Low Before Liftoff In an X post, crypto analyst CasiTrades raised the possibility of this pullback being the final low before a price liftoff. She asserted that there has been no change to the overall bullish setup on XRP, although the crypto is now targetting Wave 3 down extensions at $2.16, $1.87, and $1.57 for the next major support. Related Reading The crypto analyst opined that the XRP price is in the fifth wave of C within an ABC pattern for a large Wave 2. She added that the sell-off massively extended the asset past C targets, but the pattern still needs to be completed. With this development, CasiTrades stated that this means that XRP could be at the final low before a massive Wave 3 up begins. She added that this would send the altcoin past previous all-time highs (ATHs) with minimal resistance. At the time of writing, the XRP price is trading at around $2.45, down almost 3% in the last 24 hours, according to data from CoinMarketCap. XRP trading at $2.4 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Medium, chart from Tradingview.com Source link
Stablecoins Hit $200 Billion—A Massive Crypto Rally Ahead?
Este artículo también está disponible en español. For the past few months, stablecoins have yielded the spotlight to their more speculative counterparts, including tokens inspired by politicians. However, recent on-chain data suggests that stablecoins are back and have surpassed the $200 billion market cap. Related Reading According to the data shared by Alphractal, the segment’s capitalization has surged to $211 billion, a record high, thanks to months of stable growth, which started in mid-2023. Stablecoins‘ market capitalization grew by 73% from its August 2023 value of $121 billion, updated data released on January 31st show. The primary driver of this segment’s growth is still Tether’s USDT, however, USDC has been gaining ground recently, which is fascinating. 🚨 Stablecoin Market Cap Surpasses $211B – USDC Gains Momentum! Since 2023, the stablecoin market has grown significantly, mainly driven by USDT (Tether). However, recently, USDC has been gaining an edge over other stablecoins. This trend is occurring due to the recent drop in… pic.twitter.com/IRKrQErmCE — Alphractal (@Alphractal) January 31, 2025 Tether’s USDT Remains Primary Driver Of Growth Since 2023, the stablecoin market has grown steady, mostly due to Tether’s USDT. As of now, stablecoins are worth $223 billion, which is a 0.2% increase from yesterday. Interestingly, USDT and USDC are the present growth drivers of stablecoins. Apart from the numbers from both coins, the stablecoins group hasn’t changed much since 2023 and has shown steady and average values. Right now, Tether’s USDT is valued at almost $140 billion, and USDC is at $53 billion. USDC Slowly Gains Ground On Other Coins Alphractal’s post on Twitter/X shows that USDC has been gaining ground over other stablecoins in the market. According to the post, this is happening due to a drop in altcoin prices and since a substantial part of the sell-offs have been swapped into USDC. As of today, the market cap of cryptocurrencies reached $3.41 trillion. Chart: TradingView The post also showed that USDC’s dominance in this segment has hit a key resistance level, the same amount observed in 2021. This was the start of the bear market in 2022 when Bitcoin’s price dropped to as low as $15,500. If this metric persists, it can serve as the market’s bearish signal, impacting investors’ buying decisions. However, if this metric declines, it can be USDC’s jumping board to claim new highs. Related Reading What To Expect From The Stablecoins Segment In The Short-Term In the last bull run, USDC’s supply increased in May, then reached its high in March 2022. The stablecoin’s market cap increased by 170% from April 2021 to March 2022. If the current coin supply continues to grow but price starts to dip, then the stablecoin market may hit its peak in a few months. Traditionally, a rising market cap for stablecoins reflects growing investors’ confidence, which signals an increase in capital inflows. On the contrary, a rising stablecoin market cap is usually associated with growing investor conviction, signaling the potential for boosted capital inflows. This suggests that the bullish momentum could continue for a few more months. Featured image from Gemini Imagen, chart from TradingView Source link
Stablecoins Market Cap Up By 65% – Driving The Bull Rally Forward?
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future. Source link