Category: Reviews

Tether Launches USAT Stablecoin for US Market Under Former White House Crypto Czar Bo Hines

Key Notes Former White House Crypto Council Executive Director Bo Hines will lead the new US-regulated stablecoin initiative. USAT will be fully dollar-backed and issued through Anchorage Digital with Cantor Fitzgerald as reserve custodian. Tether’s existing USDT dominates the market with nearly 500 million users and $169.5 billion market capitalization. Tether is launching a new stablecoin called “USAT” that will be “purpose-built to serve the U.S. market and support American regulatory standards” under the leadership of Bo Hines, the former Executive Director of the White House Crypto Council. Hines joined…

New “ModStealer” Malware Targets Crypto Wallets, Evades Antivirus Detection

Key Notes A new malware named “ModStealer” targets crypto wallets across multiple operating systems. It spreads via fake recruiter ads and has remained undetected by major antivirus engines. The malware can steal private keys from 56 different browser wallet extensions. A new cross-platform malware named “ModStealer” actively targets crypto wallets while remaining undetected by major antivirus software. The malware is reportedly built to steal sensitive data from users on macOS, Windows, and Linux systems. It has been active for nearly a month before its discovery. On Sept. 11, first detailed…

Polygon Taps Cypher Capital to Expand POL to Middle East

Key Notes Polygon partners with Cypher Capital to expand POL access in the Middle East. Institutions to gain structured entry, yield options, and liquidity. Partnership boosts network growth, security, and investor confidence. Polygon POL $0.27 24h volatility: 0.1% Market cap: $2.83 B Vol. 24h: $112.50 M has entered into a partnership with Cypher Capital to make its token, POL, more accessible to institutional investors in the Middle East. The plan is to attract long-term capital into the network while creating better liquidity and stronger growth. Polygon to Expand Access for…

Kraken Analysts See Fed Rate Cuts Boosting Crypto

Key Notes The US jobs data saw its most extensive negative revision in 26 years, a downturn more significant than the 2008 financial crisis. Analysts from Kraken and CF Benchmarks forecast three Federal Reserve rate cuts before the end of the year. This potential monetary easing is a positive catalyst for the crypto market’s performance. Strategists from Kraken and CF Benchmarks suggest that a recent, historic US labor market downturn may give the Federal Reserve enough reason to lower interest rates. Moving toward monetary easing could create a positive environment…

What’s Behind 15% ONDO Price Rally This Week?

Key Notes The ONDO price rally on September 12 comes with a sharp rise in trading and derivatives activity. The rally coincides with a boom in tokenized real-world assets (RWAs), with Ondo’s TVL rising to $1.56B. Analysts eye a breakout past $1.08 that could open the door for a move toward $2.10. ONDO ONDO $1.09 24h volatility: 7.7% Market cap: $3.45 B Vol. 24h: $481.45 M , the native cryptocurrency of Ondo Finance, has gained another 6% on Sept. 12, extending its weekly rally to more than 15%. The bullish…

Trump-Linked DeFi WLFI Votes on Buyback

Key Notes A governance vote is underway for a WLFI token buyback and burn program. The plan would use 100% of protocol-owned liquidity fees to buy and burn tokens. The proposal has over 99% community support before the Sept.18 deadline. World Liberty Financial, a decentralized finance (DeFi) project with public ties to the Trump family, is holding a governance vote on a new tokenomics proposal. The plan involves establishing a buyback-and-burn program for its native token to reduce its circulating supply. The proposal suggests using 100% of the fees generated…

THORChain Co‑Founder Loses $1.3M in Deepfake Scam

Key Notes JP’s old Metamask wallet and iCloud Keychain were recently compromised by North Korean hackers. He revealed that primary Vultisig wallets remained secure. The scam caused the executive a loss of $1.3 million. THORChain co-founder JP was scammed out of around $1.3 million in cryptocurrency by North Korean hackers using a conference call scam on Telegram. This new crypto attack comes amid the growing threat posed by AI-assisted fraud in the crypto industry. JP(@jpthor), the co-founder of THORChain and Vultisig, was scammed out of ~$1.3M by North Korean hackers…

XRP Whales Dump 40M Tokens, Price Holds $3

Key Notes Market whales dumped 40 million XRP worth $120 million in one day. XRP price climbs to $3.04, the highest since late August. SEC delayed decision on XRP ETF, adding new regulatory uncertainty to the market. Large investors sold about 40 million XRP XRP $3.04 24h volatility: 1.4% Market cap: $181.37 B Vol. 24h: $5.35 B in the past 24 hours, putting pressure on the market. Despite this significant outflow, the price of XRP stayed above the key $3 support level and even managed a mild rally, surprising many…

More ETH Leaves than Enters: Can Ethereum Hold $4,500?

Key Notes A record number of validators are exiting, stretching the Ether staking exit queue to record high. ETH reclaimed $4,500, but failure to hold could lead to $4,000 retest, analyst says. Over $7.5 billion worth of ETH has been accumulated near $4,300. Ethereum’s staking system is seeing a surge in validator exits, with the queue now stretched to nearly 45 days, an all-time high. While this doesn’t directly trigger a sell-off, it increases the risks tied to liquid staking tokens (LSTs) and lending-related tokens (LRTs). During such a rise…

Coinbase Drags US SEC to Court Over Missing Gensler’s Texts

Key Notes Coinbase Exchange has dragged the SEC for erasing a year of Gary Gensler’s communication through text messages. It has asked the federal court to address this gross violation of public trust. The Inspector General claimed that the message could still have been preserved if the agency had wanted to. American cryptocurrency exchange Coinbase has called out the United States Securities and Exchange Commission (SEC) over some suspicious move involving Gary Gensler, the former chairman of the agency. The exchange has asked the federal court to address the agency’s…