Cybercriminals are sending physical letters impersonating Trezor and Ledger in a new phishing campaign aimed at stealing cryptocurrency funds. The letters look official and include company logos and professional formatting. The fake notices instruct recipients to complete a mandatory “Authentication Check” or “Transaction Check.” They warn users that failure to act before February 15, 2026 could lead to limited wallet access or device issues. Each letter includes a QR code that directs users to a malicious website. The site asks victims to enter their 12-, 20-, or 24-word recovery phrase, claiming it is needed to verify device ownership. Once users…
Author: Sazid Kabir
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Ethereum co-founder Vitalik Buterin has called for a major reset in prediction markets, warning that current platforms focus too heavily on short-term speculation. In a recent post on X, Buterin criticized the dominance of cryptocurrency price bets, sports wagering, and other high-engagement trades. He said these “dopamine-driven” activities offer little long-term benefit and may create harmful incentives. Buterin attributed part of this trend to revenue pressures during bear markets. Teams, he argued, lean on popular but uninformative bets because they generate income when market conditions are weak. He warned that this overreliance on uninformed traders leads to what he called…
Bitcoin recorded its largest short liquidation event since September 2024. More than $736 million in short positions were wiped out across major exchanges in a short period. The data was shared by on-chain analyst Darkfost on the CryptoQuant platform. The Short Liquidations USD metric tracks the total value of short positions that exchanges forcefully close. This happens when traders bet on lower prices and the market moves against them. The recent event ranks just below the $773 million in short liquidations recorded on September 20, 2024. Before this squeeze, funding rates on exchanges such as Binance turned deeply negative. That…
Elon Musk’s social media platform X is preparing to launch new financial features soon. The company said it will allow users to trade cryptocurrencies and stocks directly inside the app within the next few weeks. The new feature will use “Smart Cashtags.” These are ticker symbols like $BTC or $AAPL that already show prices on posts. Soon, users will be able to tap these symbols and execute trades without leaving their timeline. X’s product chief, Nikita Bier, confirmed the rollout. He said the change is part of the company’s plan to expand into financial services and make X a place…
The U.S. Treasury Secretary, Scott Bessent, has made a major prediction about the future of cryptocurrency markets. He said it is very important for the U.S. to pass a new crypto market structure bill called the Clarity Act. He believes this could help improve confidence in the sector and support a market recovery. Bitcoin’s price recently rose after falling sharply in the past months. The digital asset had dropped to around $60,000 before gaining about 16 percent in less than two weeks. Bessent said clearer rules from the Clarity Act would give the market comfort and allow it to move…
The crypto market rallied on February 15 as investors reacted to new US inflation data. Bitcoin climbed above $70,000, while the total crypto market capitalization rose to over $2.4 trillion. Several altcoins posted strong gains. Pepe jumped more than 30% in 24 hours. Zcash, Dogecoin, and Bonk gained over 10% during the same period. Other tokens such as Shiba Inu and Morpho also moved higher. The rally followed a US inflation report that showed price pressures easing in January. The Consumer Price Index fell to 2.4%, moving closer to the Federal Reserve’s 2% target. The data increased hopes that the…
After falling to $65,092 earlier this week, Bitcoin has recovered and is trading near $69,000 on February 13. The coin is up about 4% in the past 24 hours but remains nearly 29% lower over the past month. The market is currently moving sideways. Bitcoin is trading within a clear range between $60,000 and $70,000, as buyers defend support and sellers cap gains near resistance. The $60,000 level has acted as strong support and a key demand zone. Meanwhile, $70,000 stands as major resistance and aligns with the midpoint of a descending channel on the daily chart. Technical signals suggest…
Shares of Coinbase rose about 5% on Friday, a day after the crypto exchange reported weak financial results. The rebound came despite falling revenue and wider losses. Coinbase said revenue declined as crypto prices dropped and trading activity slowed. Transaction revenue fell to $982 million in the fourth quarter, down from $1.5 billion a year earlier. Rising operating costs also weighed on profits. Even so, top Wall Street analysts maintained their positive outlook on the stock. H.C. Wainwright kept its buy rating and set a price target of $350, saying the recent sell-off has made the stock attractive. Other firms…
Prediction market platform Kalshi is expanding into the sports insurance sector through a new partnership with broker Game Point Capital. The move targets a global market valued at about $9 billion a year and expected to double by 2030. The sports insurance industry covers risks such as sponsorship guarantees, game cancellations, and performance-based player bonuses. Game Point Capital issues hundreds of millions of dollars in coverage each year, including insurance tied to team playoff appearances and championship wins. Under the new partnership, Game Point executed two basketball-related bonus hedges on Kalshi’s exchange. One contract tied to a postseason appearance was…
Ethereum is showing early signs of a possible price bottom after forming a classic Adam and Eve reversal pattern. The structure often signals a shift from a bearish trend to a potential recovery phase. The price of Ethereum recently rebounded sharply from a swing low near $1,740. This strong move higher forms the “Adam” leg of the pattern, which usually reflects the exhaustion of selling pressure and short-covering by traders. After the sharp rebound, Ethereum entered a slower and more rounded consolidation phase. This forms the “Eve” part of the structure, where price stabilizes and builds a base. The rounded…