Casey

Casey

I’m a Crypto author and Blockchain enthusiast. I have been writing about Bitcoin, Ethereum, and other Cryptocurrencies for over 5 years. My work has been featured in major publications such as Forbes, CoinDesk, and VentureBeat. I’m also a regular speaker at Blockchain conferences around the world.

Crypto

Crypto Market Slows in January Despite Market Cap Growth, Says JPMorgan

The cryptocurrency market experienced a mixed start to the year, as trading activity declined sharply in January, even though total market capitalization climbed 8% to approximately $3.4 trillion, according to a recent JPMorgan report. Trading Volume Declines Despite Market Expansion JPMorgan’s analysis, based on TradingView data, revealed that total trading volume dropped by 24% in January, signaling a slowdown in investor activity. Despite this, market cap growth was heavily concentrated in Bitcoin (BTC), Solana (SOL), and XRP, while most other assets struggled to gain traction. The report also noted that the surge in crypto activity following the U.S. election in November appears to be cooling off, with token prices and market participation reaching a more balanced state in the post-election period. DeFi and NFTs Face Bigger Setbacks While the broader crypto market held relatively steady, decentralized finance (DeFi) and non-fungible tokens (NFTs) experienced a steeper decline. Various on-chain metrics suggest that engagement in these sectors has weakened more significantly than in other areas of the market. What This Means for the Market Although January’s figures indicate a cooling period, JPMorgan pointed out that crypto trading activity is still twice as high as it was before the U.S. election. This suggests that, despite recent declines, investor interest remains strong, even if some are taking a more cautious approach. The report highlights a shift in market dynamics, where investors appear to be reassessing their strategies in response to regulatory developments and macroeconomic conditions. Whether this slowdown is temporary or signals a longer-term trend remains to be seen.

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Crypto

Ripple (XRP) Eyes Bullish Breakout After Breaking Key Resistance

Ripple’s XRP appears to be breaking out of a prolonged corrective phase, signaling a potential bullish reversal. After months of price swings and consolidation, technical indicators now suggest that momentum is shifting in favor of buyers. However, XRP is still struggling to hold above $2.50, a key level that could define its next move. XRP Price Action: Signs of Recovery On the 4-hour chart, XRP has followed an extended WXY correction pattern, which began after reaching its December peak of $2.90. After a brief attempt to rally in mid-January, where it hit $3.40, XRP suffered a deep pullback, touching a low of $1.77 on February 3. However, strong demand emerged at this level, leading to a sharp 26% rebound, pushing the price back above $2.25. This bounce suggests that the correction phase could be ending, with the market now entering the early stages of a new bullish cycle. A critical sign of strength is XRP’s breakout above the descending resistance trendline, a major barrier that has capped upside movements for weeks. If XRP can hold this breakout, it would confirm a shift toward bullish momentum. Key Resistance & Support Levels According to Fibonacci retracement levels, XRP has reclaimed $2.45, aligning with the 0.236 retracement level. The next major resistance points are: If XRP fails to hold above $2.45, it could see a retest of $2.26, or even drop to $1.95, where it must find support to maintain its bullish outlook. Elliott Wave Analysis & Price Projections On the 1-hour chart, XRP appears to be forming an early impulsive wave structure, supported by a breakout from a symmetrical triangle pattern. If this holds, XRP could rally toward its next Fibonacci extension targets: However, a major hurdle remains at $2.77, which aligns with the 0.618 Fibonacci retracement level. A breakout above $2.77 could trigger an acceleration toward $3.08, while a rejection could lead to a short-term pullback toward $2.45 or $2.26. Elliott Wave projections suggest that XRP is currently in Wave (iii) of an impulsive rally, which could extend toward $3.60. This would likely be followed by a brief correction in Wave (iv) before a final push toward $4.00 in Wave (v). What’s Next for XRP? For now, XRP’s breakout from descending resistance is a positive sign, but sustained buying pressure is needed to confirm a long-term trend reversal. Traders should watch $2.77 closely—a breakout could mark the start of a major move toward new multi-month highs.

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Crypto Market Sees Shift as Investors Move Away from Memecoins

The cryptocurrency landscape is evolving as Bitcoin (BTC), Ethereum (ETH), and major layer-1 blockchains regain dominance, while the hype around memecoins begins to fade. According to Santiment, a leading on-chain analytics platform, discussions surrounding fundamental blockchain networks like Ethereum, Solana (SOL), Toncoin (TON), and Cardano (ADA) now account for 44.2% of total crypto discussions, whereas memecoins make up just 4%. The Decline of Memecoin Mania Memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have long attracted traders seeking short-term gains, often fueled by social media hype and speculative trading. However, interest has started to wane, leading experts to believe that the market is moving towards a more stable and mature phase. Santiment analysts noted that cycles driven by memecoin speculation tend to signal unsustainable market trends, often resulting in price corrections once the excitement cools down. By contrast, a shift toward established blockchain networks suggests that investors are prioritizing real-world adoption, security, and technological advancements over short-lived hype. Ethereum’s Largest Exchange Outflow in Two Years Meanwhile, Ethereum is showing strong on-chain activity. Over 224,410 ETH left crypto exchanges between Feb. 8 and Feb. 9, marking the largest single-day exchange outflow in two years. Large exchange outflows often indicate that investors are moving their holdings into self-custody, signaling long-term confidence. Santiment analysts highlighted this as a bullish sign for Ethereum, especially given the recent market correction. Dormant Bitcoin Wallets Spring Back to Life Another major development in the crypto market came from Bitcoin. On Feb. 10, 14,000 BTC that had been inactive for 7 to 10 years were suddenly moved. According to CryptoQuant, these funds were not sent to exchanges, meaning they were not likely sold. While some investors fear that large dormant wallet movements could trigger sell-offs, CryptoQuant analysts reassured the market that past cases of similar transactions did not necessarily lead to price drops. However, with Bitcoin still trading below its recent high of $109,000, investors will be closely watching if these reactivated funds eventually enter circulation. Market Outlook: A More Stable Crypto Landscape? With memecoin hype fading and layer-1 blockchains gaining traction, the market appears to be entering a healthier and more sustainable phase. Investors are shifting focus toward blockchain networks that offer real utility, smart contract functionality, and long-term growth potential. Meanwhile, Ethereum’s record exchange outflows and Bitcoin’s dormant wallet activity suggest that long-term holders are still optimistic about the future of crypto. As the market continues to evolve, traders should keep a close eye on on-chain trends, investor sentiment, and broader macroeconomic factors shaping digital asset movements.

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WazirX Completes Asset Rebalancing, Seeks User Approval for Token Distribution

Crypto exchange WazirX has taken a major step toward recovering from last year’s devastating security breach by completing its asset rebalancing process. The breach, which occurred on July 18, 2024, led to losses exceeding $230 million, shaking investor confidence. Now, WazirX is turning to its users for approval of a distribution scheme aimed at compensating affected investors. What’s Next for WazirX Users? WazirX has proposed a redistribution plan that would return approximately 85% of user balances, calculated based on values from the day of the breach. However, for this to move forward, a majority of users must vote in favor of the scheme. If approved, the distribution will be made in the form of tokens, marking a crucial step in restoring trust and stability. A Long-Term Recovery Plan Beyond this initial distribution, WazirX has outlined a three-year recovery strategy to continue compensating affected users. This will be funded by: To assist with this effort, WazirX has partnered with leading blockchain forensics firm zeroShadow, which specializes in tracking stolen assets. So far, the exchange has managed to freeze approximately $3 million in stolen funds, signaling progress in its efforts to reclaim lost assets. WazirX’s Commitment to Users Speaking about the developments, WazirX founder Nischal Shetty emphasized the company’s dedication to its users.“Completing the rebalancing process and preparing for distribution demonstrates our deep commitment to protecting creditor interests and restoring the trust placed in the platform. By targeting one of the fastest distribution timelines in the crypto industry, we hope to set a precedent for accountability, efficiency, and resilience in times of crisis,” he stated. Final Thoughts While this marks a significant milestone in WazirX’s recovery journey, the ultimate outcome depends on user participation in the voting process. If approved, the distribution scheme could serve as an important precedent for how crypto exchanges handle security breaches and user compensation. For now, all eyes are on WazirX users, as their decision will determine the next chapter in the exchange’s recovery efforts.

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Why Is Ethereum Down? Market Jitters, Supply Growth, and SEC Delays Weigh on ETH

Ethereum (ETH) has been facing downward pressure, dropping over 5.1% in the last 24 hours, trading below $2,600. Meanwhile, Bitcoin (BTC) also slipped 2.9%, hovering near $95,700. This decline has contributed to a 4% drop in the CoinDesk 20 Index, reflecting a broader market downturn. While market-wide concerns—such as President Trump’s new tariff plans sparking fears of a trade war—have affected risk assets, Ethereum’s underperformance is being driven by additional factors unique to its ecosystem. 1. ETH Supply Growth Reverses Post-Merge Expectations One of Ethereum’s biggest selling points post-Merge was its deflationary supply mechanism. The shift to Proof-of-Stake (PoS) was expected to reduce ETH issuance, making it a scarcer asset over time. However, recent data shows Ethereum’s supply has now grown by 8,242 ETH since the Merge—a stark contrast to initial expectations. This reduction in fees helped users but slowed down the ETH burn rate, increasing the total circulating supply and reducing the scarcity effect that previously supported ETH’s price. 2. SEC Delays Decision on Ethereum ETF Options Ethereum also took a hit after the Securities and Exchange Commission (SEC) delayed its decision on allowing options trading for BlackRock’s iShares Ethereum Trust (ETHA). 3. Ethereum Struggles Against Growing Competition Ethereum is also losing ground to competitors like Solana (SOL) and Layer-2 solutions, which offer cheaper and faster transactions. The Ethereum Foundation has also faced increasing restrictions, further complicating the ecosystem’s growth prospects. 4. A Possible Rebound? Strong OTC Demand Despite the bearish sentiment, some analysts see signs of a potential bounce-back. What’s Next for Ethereum? Ethereum’s price action remains influenced by broader market fears, supply concerns, and regulatory uncertainty. However, analysts are keeping an eye on: If the market stabilizes and demand picks up, ETH could see a rebound, similar to past bullish cycles. But for now, traders are advised to stay cautious and monitor key support levels.

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Altcoin Season on the Horizon? Crypto Rover Sparks Market Excitement

The altcoin market is heating up again, with investors closely watching for signs of a full-fledged altcoin season. Crypto analyst Crypto Rover took to Twitter on February 8, 2025, to reignite the conversation, declaring,“Altcoin season will make a huge comeback! Don’t give up now…” His tweet comes at a time when Ethereum (ETH), Cardano (ADA), and Solana (SOL) have posted notable gains, hinting at a potential shift in market sentiment. Altcoins Outperform Bitcoin Over the past few days, Ethereum surged to $3,200, marking a 5% increase, while Cardano climbed to $0.85 (+3%), and Solana reached $110 (+4%). Meanwhile, Bitcoin only managed a 1% gain, hovering around $45,000. This performance gap suggests that investors are shifting focus from Bitcoin to altcoins, a classic sign of an upcoming altcoin rally. Rising Trading Volumes Signal Growing Interest The excitement surrounding altcoins isn’t just reflected in their price movement—trading volumes have also soared. On February 8, Ethereum’s trading volume spiked 20% to $25 billion, Cardano saw a 15% jump to $1.5 billion, and Solana’s trading volume rose 10% to $3 billion. This increase in liquidity suggests that more traders are moving into altcoins, possibly anticipating a major breakout. Technical Indicators Show Bullish Trends From a technical analysis perspective, key indicators further support the case for an altcoin season comeback. Additionally, on-chain data shows increased network activity, with Ethereum’s active addresses growing by 8% and Solana’s staking participation rising by 3%—factors that historically precede strong rallies. AI-Driven Crypto Boom: A New Market Catalyst? Beyond traditional altcoins, AI-based cryptocurrencies are also seeing a surge in activity. The recent launch of AI-Trade, an AI-powered trading platform, on February 6 has driven fresh interest in SingularityNET (AGIX) and Fetch.ai (FET). With AI’s growing integration into crypto trading, these assets could become key players in the next market rally. Final Thoughts: Is It Time for an Altcoin Surge? With altcoin prices rising, trading volumes increasing, and AI-driven crypto gaining traction, the market appears to be at a turning point. While Bitcoin remains the dominant force, its relatively slow growth compared to altcoins suggests that the momentum may be shifting. If history is any guide, the combination of bullish technicals, increased liquidity, and growing investor confidence could set the stage for a strong altcoin season ahead. However, as always, investors should remain cautious, track market trends, and use proper risk management strategies before making any major moves.

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Why Crypto & Blockchain Are Still Controversial in Tech Investing

Cryptocurrencies and blockchain technology have revolutionized finance, offering decentralized alternatives to traditional systems. Yet, despite their massive potential, they continue to spark debate in the world of tech investing. Concerns over volatility, regulatory uncertainty, security risks, environmental impact, and market manipulation keep many institutional investors hesitant. 1. Volatility: A Double-Edged Sword Cryptocurrencies are known for their extreme price swings. Bitcoin, Ethereum, and other major assets have seen meteoric rises—only to plunge just as fast. While volatility creates profit opportunities for traders, it also discourages long-term investors who seek stability. The speculative nature of the market makes it risky for those looking for predictable returns. 2. Regulatory Uncertainty: A Moving Target Governments worldwide struggle to regulate crypto, leading to inconsistent policies across different regions. In the U.S., for example, the IRS now requires DeFi platforms to report transactions, but lawmakers are debating whether this rule is too burdensome. This regulatory back-and-forth creates uncertainty, making it difficult for businesses and investors to operate with confidence. 3. Security Risks: The Dark Side of Innovation Blockchain is highly secure, but the wider crypto ecosystem has suffered from major hacks and fraud. High-profile incidents like the Terra/LUNA collapse and the Ronin Network hack resulted in billions in losses. These events highlight vulnerabilities in the space, reinforcing the perception that crypto remains risky and unregulated. 4. Environmental Impact: The Cost of Proof-of-Work Bitcoin mining requires massive amounts of energy, raising concerns about its environmental footprint. Critics argue that the carbon emissions from mining operations are unsustainable, pushing governments and businesses to demand greener alternatives like Proof-of-Stake (PoS) models. While the industry is moving toward energy-efficient solutions, it remains a hot-button issue. 5. Market Manipulation & Fraud: A Growing Concern With minimal regulation, crypto markets remain vulnerable to manipulation. Tactics like pump-and-dump schemes and fake ICOs are still prevalent. Without stronger investor protections, mainstream adoption will continue to face roadblocks. 6. Slow Integration into Traditional Finance While blockchain offers disruptive innovations, its adoption by traditional financial institutions has been slow. Many banks and investment firms remain skeptical due to complexity, regulatory uncertainty, and the risk of volatility. Until blockchain can seamlessly integrate with existing financial systems, its mainstream adoption will remain limited. 7. Public Perception & Media Bias The mainstream media often portrays crypto negatively, focusing on scandals, speculative bubbles, and illegal activities. This bias fuels public skepticism, making it harder for digital assets to be taken seriously as a legitimate investment class. Final Thoughts: Can Crypto Overcome These Challenges? For blockchain and crypto to fully integrate into tech investing, the industry must address these concerns. Clear regulations, better security measures, sustainable mining practices, and stronger investor protections will be key to building trust. While challenges remain, crypto and blockchain continue to evolve, shaping the future of digital finance. The question is: will they overcome these hurdles and become a mainstream asset class, or will these concerns keep them on the fringes of tech investing?

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Ripple CEO Brad Garlinghouse Poised for Key Role in Trump’s Crypto Advisory Council

The first pro-crypto U.S. President is assembling an influential crypto advisory council, and industry leaders are vying for a seat at the table. Among them, Ripple CEO Brad Garlinghouse is emerging as a top contender, a move that could have significant implications for XRP and the broader crypto industry. Garlinghouse’s Rising Influence in Washington Garlinghouse’s name has surged to the forefront after a high-profile meeting with President Trump at Mar-a-Lago last month. His deep ties to the regulatory conversation and Ripple’s long-standing push for clearer digital asset regulations have positioned him as a key advocate for the industry. Ripple, once seen as an innovative disruptor in cross-border payments, has transformed into one of the most vocal crypto firms in Washington, D.C. If Garlinghouse is selected, he could influence decisions on crypto classification, regulations, and the direction of U.S. blockchain policy. What’s at Stake for XRP? Perhaps the most intriguing aspect for XRP holders is the potential inclusion of XRP in the proposed American National Digital Asset Stockpile. This initiative, part of Trump’s pro-crypto strategy, aims to strengthen the U.S. financial system through strategic digital asset holdings. If the advisory council pushes for XRP’s inclusion, it would mark a major milestone for Ripple, reinforcing its role in institutional finance and government-backed blockchain initiatives. Who Else is Competing for a Seat? Garlinghouse isn’t the only big name in the running. Other industry heavyweights reportedly lobbying for a spot include: ✔️ Marco Santori – Former Kraken General Counsel✔️ Jeremy Allaire – Circle CEO, a major donor to Trump’s campaign✔️ Brian Armstrong – Coinbase CEO, a long-time advocate for regulatory clarity✔️ Kris Marszalek – Crypto.com CEO, leading global crypto adoption Trump’s Crypto Policy Shift: A Game Changer? Shortly after taking office, President Trump signed an executive order creating the advisory council, signaling a major shift in U.S. digital asset policy. This group isn’t just for show—it will work closely with AI & Crypto Czar David Sacks, one of Trump’s most trusted tech advisors, to reshape crypto regulation, promote blockchain innovation, and define the future of stablecoins, central bank digital currencies (CBDCs), and tokenized assets. The “Truth.Fi” Crypto ETFs & Trump’s Vision Adding to the momentum, Trump Media & Technology Group (TMTG) recently filed for several crypto-focused ETFs under the “Truth.Fi” brand, which could provide new investment vehicles for U.S.-based digital assets. Some potentially included assets? XRP, Solana, and USDC—further fueling speculation about the growing government interest in these projects. Final Thoughts: What’s Next for XRP? If Garlinghouse secures a seat on the advisory council, it would mark a turning point for XRP’s regulatory standing in the U.S. With Trump’s administration showing strong support for crypto, XRP could gain mainstream legitimacy and even government backing. For now, the industry is watching closely. Will Ripple’s CEO play a central role in shaping the next chapter of U.S. crypto policy? Time will tell—but if he does, XRP’s future could look brighter than ever.

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Got $3,000? 1 New Reason to Buy Ethereum, and 2 Reasons to Sell It and Buy Solana Instead

Ethereum has long been the second-largest cryptocurrency after Bitcoin, but recent market trends suggest that Solana might be the better investment—at least for now. While Ethereum is making leadership changes to improve its long-term prospects, Solana is already positioned to capture emerging market trends with faster transactions, lower fees, and increasing adoption in speculative trading sectors. Ethereum’s Leadership Overhaul: A Step in the Right Direction? Ethereum’s nonprofit governing body, the Ethereum Foundation, is undergoing a major leadership transition. The goal? ✔️ Bring in more technical expertise to drive innovation.✔️ Improve communication with developers and address internal community concerns.✔️ Explore AI-powered blockchain applications that could make Ethereum a hub for next-gen smart contracts. This move signals that Ethereum’s leadership is aware of its challenges and is willing to make bold changes. But while this is a positive development, the impact may take years to fully materialize. Why Solana Is the Better Short-Term Bet 📌 Faster & Cheaper Transactions – Solana processes up to 65,000 transactions per second (TPS) compared to Ethereum’s roughly 30 TPS. With significantly lower fees, Solana is a preferred choice for high-volume traders and dApp developers. 📌 Capturing Meme Coin & Speculative Trading Boom – Unlike Ethereum, Solana has become a hub for speculative traders, particularly those investing in meme coins and short-term projects. This trend has significantly increased demand for SOL, making it more attractive in the near term. 📌 More Agile Growth – While Ethereum’s leadership transition could take years to show results, Solana is already thriving in emerging crypto sectors. This means that investors looking for immediate growth opportunities may find Solana more promising. The Bottom Line: Ethereum or Solana? If you’re thinking about where to put $3,000, the decision depends on your investment horizon: Long-term investors who believe in Ethereum’s potential to innovate and solve its high-fee issues may still prefer ETH.Short- to mid-term investors looking for faster growth and lower fees may find Solana a stronger play for now.

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XRP Gearing Up for Major Breakout as ETF Approval Odds Increase

XRP is positioning itself for a massive price surge, with growing demand from whale investors and increasing speculation about a spot XRP ETF approval in the U.S. The Cboe Exchange recently filed multiple 19b-4 applications with the U.S. SEC, signaling that the first XRP ETF could be on the horizon. XRP’s Price Action: Bullish Momentum Ahead? Despite a 4% dip in the past 24 hours, XRP is still showing strong bullish patterns, suggesting a potential breakout past $4 in the near future. The token, currently trading around $2.36, has been forming a rising bullish flag, a key indicator that a larger rally is imminent. Whale investors remain confident—data from Santiment shows that accounts holding 100 million to 1 billion XRP have accumulated 520 million coins during the recent market correction.XRP’s correlation with Bitcoin remains high, meaning a Bitcoin rally could further boost XRP’s momentum.Market analysts expect XRP to thrive in the 2025 bull run, fueled by both technical patterns and fundamental growth. XRP Ledger & Institutional Demand on the Rise The XRP Ledger (XRPL) is evolving into a leading Web3 platform, supporting scalable and interoperable DeFi applications. Institutional demand for XRP is growing, especially with the rise of Ripple USD (RLSD)—a stablecoin that has now reached a $108 million market cap and is being actively used on platforms like Revolut. Spot XRP ETF: A Game Changer? Following the approval of Bitcoin and Ethereum ETFs, XRP could be the next altcoin to enter the ETF space. The Cboe Exchange has filed the necessary 19b-4 applications for Bitwise Investments, Canary Capital, WisdomTree, and 21Shares.The U.S. SEC now has 240 days to make a decision on these applications.The pro-crypto stance of the Trump administration raises expectations that a spot XRP ETF could gain approval sooner rather than later. What’s Next for XRP? With institutional interest surging, whale accumulation rising, and ETF speculation heating up, XRP could be on the brink of a major rally. Will XRP finally break past its all-time high? If ETF approvals move forward and institutional adoption continues, this might just be the moment XRP holders have been waiting for.

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South Korea’s Crypto Exchange Market Shrinks as Regulatory Hurdles Take a Toll

South Korea’s cryptocurrency exchange market is seeing a significant decline, with the number of registered virtual asset service providers (VASPs) dropping by 26% in just one year. According to a Feb. 7 report from the Financial Intelligence Unit (FIU), only 31 exchanges remain operational, down from 42 in 2024. Why Are Crypto Exchanges Shutting Down? The FIU report highlights several key challenges that have made it difficult for smaller exchanges to survive: 🔹 Lack of fiat trading support – Many delisted platforms were token-only exchanges without access to real-name bank accounts, making it hard to attract users and process transactions in Korean won or U.S. dollars. 🔹 Regulatory uncertainty – Changing regulations and compliance challenges forced some exchanges to shut down, while others failed to renew their business registrations in time. 🔹 Financial struggles – The report states that over 90% of token-only exchanges were in a state of complete capital erosion last year, making it impossible to continue operations. Exchanges like Qubit and Coinbit eventually shut down due to financial instability. Major Exchanges That Have Exited Some well-known exchanges that have exited the South Korean market include: GDACProBitHuobi KoreaBitrade These closures indicate a growing trend of smaller exchanges struggling to keep up with South Korea’s evolving regulatory environment. More Exits Expected? The FIU report warns that the number of crypto exchanges in South Korea could drop even further. Several platforms still in operation have announced plans to exit, while others are shifting their focus to overseas markets to escape the uncertain regulatory climate. What’s Next for South Korea’s Crypto Industry? With stricter regulations and banking challenges, only larger, well-regulated exchanges may survive in South Korea’s crypto space. While authorities work on new policies to stabilize the industry, many smaller players are left with no choice but to shut down or relocate. Will South Korea’s strict regulations drive crypto businesses away, or will they bring more stability to the industry? The coming months will be crucial in shaping the future of crypto exchanges in the country.

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Crypto Malware Alert: ‘SparkCat’ Infects Android and iOS Apps, Steals Wallet Recovery Phrases

Cybersecurity researchers at Kaspersky Labs have uncovered a dangerous new malware called ‘SparkCat’, hidden inside Android and iOS app development kits (SDKs). This malicious software is designed to scan images on infected devices, searching for crypto wallet recovery phrases, passwords, and private messages—allowing hackers to steal funds without even needing login credentials. How Does SparkCat Work? SparkCat is particularly dangerous because it targets sensitive information stored in images rather than traditional phishing attacks or password theft. It operates by: 🔹 Using Google’s ML Kit OCR technology to extract text from screenshots and images.🔹 Scanning devices for recovery phrases and sensitive data stored in pictures.🔹 Sending stolen information to attackers, giving them full access to crypto wallets. The malware is embedded within legitimate and fake apps available on Google Play Store and Apple App Store, disguised as analytics modules. Who’s Affected? So far, around 242,000 devices have been infected, with most cases reported in Europe and Asia. The malware’s origin remains unclear, but code analysis suggests the developer is fluent in Chinese. How Did It Spread? Experts suspect the malware’s spread could be due to: A supply chain attack—where hackers compromised trusted app-making tools. Intentional embedding—where developers knowingly included the malware in apps. What Should You Do? With SparkCat actively stealing sensitive data, users are urged to take immediate action: ✅ Avoid storing crypto recovery phrases, passwords, or private data in images.✅ Uninstall suspicious apps, especially ones requesting unnecessary permissions.✅ Be cautious when granting apps access to your photo gallery.✅ Regularly update your security software and perform device scans. What’s Next? Google and Apple have yet to respond to the findings, but security experts warn that this could be just the beginning of more sophisticated crypto-targeted malware. As crypto adoption grows, so do cyber threats—staying informed and practicing digital security is more important than ever. Have you checked your phone for suspicious apps lately? Stay safe and protect your crypto!

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whitebit
WhiteBIT Coin (WBT) $ 28.40
wrapped-eeth
Wrapped eETH (WEETH) $ 2,023.22
monero
Monero (XMR) $ 211.60
uniswap
Uniswap (UNI) $ 6.27
susds
sUSDS (SUSDS) $ 1.04
dai
Dai (DAI) $ 1.00
aptos
Aptos (APT) $ 5.28
okb
OKB (OKB) $ 51.86
near
NEAR Protocol (NEAR) $ 2.55
pepe
Pepe (PEPE) $ 0.000007
internet-computer
Internet Computer (ICP) $ 5.81
mantle
Mantle (MNT) $ 0.825619
gatechain-token
Gate (GT) $ 21.87
ethereum-classic
Ethereum Classic (ETC) $ 17.56
ondo-finance
Ondo (ONDO) $ 0.834768
tokenize-xchange
Tokenize Xchange (TKX) $ 33.10
aave
Aave (AAVE) $ 172.08
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,267.31