Bitcoin’s recent price surge and altcoin rallies have reignited speculation about the onset of a new crypto super cycle, challenging traditional market patterns. Despite growing institutional inflows, retail participation remains
In the dynamic and often tumultuous world of cryptocurrency, news of a project’s official social media account being compromised can send ripples of concern through the community. So, when Plasma, a prominent stablecoin project, recently announced on X (formerly Twitter) that it had regained control of its official account following a hack, the simple yet powerful message, “We’re back,” resonated as a sigh of relief. This incident, while resolved swiftly, serves as a potent reminder of the constant vigilance required in the digital realm, especially when dealing with valuable digital assets. Plasma Stablecoin’s Ordeal: A Glimpse into the Hack The news of the Plasma X account being compromised initially sparked worry among its followers and the broader decentralized finance (DeFi) community. In an ecosystem where official communication channels are crucial for updates, announcements, and community engagement, an unauthorized takeover can be devastating. Hackers often leverage such access to spread misinformation, phish for sensitive user data, or even promote fraudulent schemes, potentially causing significant financial harm to unsuspecting individuals. While the specifics of how the Plasma X account was breached were not immediately detailed, the swift recovery demonstrates a commendable incident response. For a Plasma Stablecoin project, maintaining the integrity of its communication platforms is paramount for trust and credibility. The quick restoration of access minimizes potential damage and reinforces the project’s commitment to its community’s safety. This event underscores that even established and reputable projects are not immune to the sophisticated tactics employed by cybercriminals. The Imperative of Crypto Security: Why Every Byte Matters The Plasma incident is a microcosm of a much larger and ongoing battle for crypto security . The cryptocurrency space, with its high-value assets and pseudonymous nature, remains a prime target for malicious actors. From sophisticated smart contract exploits to elaborate phishing scams and social engineering attacks, the methods of attack are constantly evolving. The stakes are incredibly high; unlike traditional finance, transactions on a blockchain are often irreversible, making robust security measures not just a recommendation but an absolute necessity. Every layer of the crypto ecosystem, from individual user wallets to centralized exchanges and decentralized protocols, faces unique security challenges. The recent history of crypto is littered with tales of massive hacks, costing projects and users billions of dollars. This continuous threat landscape necessitates a proactive and multi-faceted approach to security, involving cutting-edge technology, stringent protocols, and constant user education. It’s not just about securing the blockchain itself, but every point of interaction, including social media. Understanding the X Account Hack: Common Vulnerabilities Explored An X Account Hack can occur through various vectors, even for accounts with strong passwords. These methods often exploit human vulnerabilities or technical loopholes: Phishing Attacks: Malicious links or fake login pages designed to steal credentials. SIM Swap Attacks: Gaining control of a victim’s phone number to bypass two-factor authentication (2FA). Credential Stuffing: Using previously leaked usernames and passwords from other breaches to gain access. Malware: Viruses or spyware installed on a device that can capture keystrokes or session cookies. Insider Threats: Compromise from within the organization, though less common for public social media accounts. API Vulnerabilities: Exploiting weaknesses in third-party applications connected to the X account. For crypto projects, an X account is more than just a social media presence; it’s a critical communication lifeline. A compromised account can be used to spread fake token launches, direct users to malicious websites, or even impersonate core team members to solicit funds. This makes securing these public-facing channels as important as securing the underlying code or smart contracts. Beyond the Breach: Fortifying Blockchain Security for the Future While the Plasma incident was specific to a social media platform, it inevitably ties back to the broader concept of blockchain security . Projects like Plasma, while leveraging decentralized technology for their core operations (like stablecoin issuance), still rely on centralized platforms like X for outreach and community building. This creates a potential single point of failure that can undermine trust in the entire ecosystem. True blockchain security extends beyond just the smart contracts and underlying ledger; it encompasses the entire operational perimeter of a project. To truly fortify themselves, projects must consider: Multi-layered Security: Implementing security at every level, from code audits to infrastructure protection and employee training. Decentralized Communication: Exploring alternative, more resilient communication channels that are less susceptible to centralized platform vulnerabilities. Incident Response Planning: Having clear, actionable plans in place for rapid detection, containment, and recovery from security incidents. Community Vigilance: Empowering the community to identify and report suspicious activity, creating an additional layer of defense. The resilience shown by Plasma in regaining control is a testament to the importance of having robust internal security protocols and a swift response team. Actionable Steps for Digital Asset Protection: A User’s Guide The Plasma hack serves as a stark reminder that digital asset protection is a shared responsibility, extending from the projects themselves to individual users. Here are some actionable insights for both projects and individuals to enhance their security posture: For Projects: Implement Strong 2FA: Beyond SMS, use authenticator apps or hardware keys for all social media accounts. Dedicated Devices: Use separate, secured devices for accessing critical social media accounts. Regular Security Audits: Periodically audit all connected third-party apps and review access permissions. Employee Training: Educate team members on phishing, social engineering, and safe browsing practices. Clear Communication Protocols: Establish clear guidelines for official communication and verification methods. For Users: Your vigilance is your first line of defense in protecting your digital assets. Enable 2FA Everywhere: Use authenticator apps (e.g., Google Authenticator, Authy) for all your crypto-related accounts and social media. Strong, Unique Passwords: Use a password manager to create and store complex, unique passwords for every service. Be Skeptical: Always verify information from official sources. If an offer seems too good to be true, it probably is. Beware of Phishing: Double-check URLs, email sender addresses, and never click suspicious links. Hardware Wallets: For significant holdings, consider a hardware wallet to keep your private keys offline. Regular Software Updates: Keep your operating system, browsers, and antivirus software up to date. The table below provides a quick summary of essential security practices: Security Practice Description Benefit Two-Factor Authentication (2FA) Adds a second layer of verification beyond just a password. Significantly reduces unauthorized access. Strong, Unique Passwords Long, complex, and different for each account. Prevents credential stuffing and brute-force attacks. Phishing Awareness Ability to identify fake websites or emails. Protects against credential theft and malware. Software Updates Keeping all software patched and current. Closes known vulnerabilities that hackers exploit. Conclusion: A Constant Battle for Digital Trust Plasma’s successful recovery of its X account is a positive development, offering a moment of relief and a testament to the project’s resilience. However, it also serves as a potent reminder that the fight for security in the crypto space is never-ending. Every project, regardless of its size or reputation, must prioritize robust crypto security measures across all its operational facets, from its core blockchain infrastructure to its public-facing social media channels. For users, the takeaway is equally clear: personal vigilance and adherence to best security practices are non-negotiable for safeguarding your digital asset protection . As the crypto industry continues to mature, incidents like the X Account Hack on Plasma’s profile highlight the critical need for continuous innovation in blockchain security and a collective commitment to creating a safer, more trustworthy digital ecosystem. The community’s quick response and the project’s effective recovery are encouraging signs, but the journey towards impenetrable security is an ongoing one. To learn more about the latest crypto security trends, explore our article on key developments shaping blockchain security and digital asset protection in the coming years.
The Federal Reserve's stance on interest rates faces scrutiny amid Powell resignation rumors. Speculation has already influenced Bitcoin's market value, causing a surge to $118,000. Continue Reading: Powell’s Departure Sparks Market Speculation: What It Means for Interest Rates The post Powell’s Departure Sparks Market Speculation: What It Means for Interest Rates appeared first on COINTURK NEWS .
Jerome Powell has agreed to step down as chair of the Federal Reserve following relentless attacks from President Trump and his inner circle, according to a statement released by Billy Pulte, the current head of the U.S. Federal Housing Finance Agency. The announcement hit financial news wires Friday evening, but traders aren’t convinced. Yields kept climbing, pushing to the day’s highs, showing that the market doesn’t believe Powell is truly finished… yet. Tensions had been building for at least a year now with these two. But on June 9, President Donald Trump demanded an immediate 300 basis point interest rate cut, which is economically senseless. Trump told reporters that such a cut would save the U.S. “$360 billion per point per year,” adding up to over $1.08 trillion annually. His math was based on a $36 trillion debt figure, but that included all federal debt, not just the $29 trillion held by the public, which is the only part that matters when calculating savings on interest payments. Statement from Chairman of the Board of Fannie Mae on Reports that Jerome Powell Is Considering Resigning Washington, D.C. – "I'm encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom." pic.twitter.com/7FPe2zla3i — Pulte (@pulte) July 11, 2025 Trump pressures Powell using debt math and public shame Even if Powell had approved such a dramatic cut , refinancing the entire debt stockpile at once is flat-out impossible. Experts say only around 20% of that $29 trillion could be refinanced within a year, translating to $174 billion in realistic first-year savings. If 20% were refinanced each year under the 300-point rate reduction, interest savings over five years could hit $2.5 trillion. But none of that seemed to matter to Trump, who appeared more focused on undermining Powell than talking logistics. Standing on the White House lawn Friday morning before flying to Texas, Trump tore into the Fed chief: “I think he’s doing a terrible job,” he said. “I think we should be 3 points lower, interest rates. He’s costing our country a lot of money.” Trump added that America should be leading the global economy, but wasn’t, because of Powell. During a Thursday night segment on CNN’s “The Source”, Maggie Haberman of the New York Times said she doubted Trump would fire Powell outright, but made clear that “he’s going to make his life as miserable as possible.” Haberman pointed out the irony that Powell was Trump’s own appointment. “This was not somebody who was imposed upon him,” she said. “This was an appointee of his, previously. He is a registered Republican.” Legally, Trump can’t just sack the Fed chair on a whim. In May, the Supreme Court ruled that Powell, or any Fed Chair, cannot be removed without cause. So instead of legal action, Trump’s team switched to personal pressure and very public attacks, especially targeting a $2.5 billion renovation of the Fed’s main building in D.C. White House hammers Powell over $2.5B renovation at Eccles Building That building, the Marriner S. Eccles Building, which has stood since 1937, is currently undergoing renovations approved by the National Capital Planning Commission back in 2021. Trump’s budget chief, Russell Vought, sent Powell a letter Thursday raising legal concerns about changes being made to the remodel. Then on Friday, he ripped the project in front of reporters, calling it “horrifying from a cost perspective.” Vought went even further, comparing the renovation to the Palace of Versailles, saying: “It probably would qualify as one of the eight wonders of the ancient world if you were able to go back that far.” Powell, appearing before the Senate in June, said a lot of the reports were false or exaggerated. “There’s no VIP dining room; there’s no new marble. We took down the old marble, and we’re putting it back up,” he testified. He added that any new marble was only replacing damaged slabs. Powell made it clear: “There are no new water features; there’s no beehives, and there’s no roof terrace gardens.” Despite his explanations, the attacks kept coming. And with the Supreme Court blocking any easy removal, pressure mounted elsewhere. Trump’s allies float replacement names behind the scenes, even while insisting no firing was imminent. But the public smear campaign clearly has its effect. Powell has become the center of a political war between the White House and the Fed… one he didn’t seem willing to keep fighting. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
After rolling back near the bottom late June, Ski established support and regained momentum after a brief consolidation. It appears strongly bullish daily with a sparking 35% gain in the last 24 hours. Despite witnessing a slight increase during the April-May recovery from the early year drop, the first half of the year ended quite ugly following a back-to-back sell throughout last month. That brought us back near the bottom before holding the $0.03 level as support. Consolidating above this level for two weeks, the trading landscape changed this week with enhanced volatility yesterday and the price exploded. Following such a bullish engulfing candle close yesterday, which indicates Ski’s highest volume inflow since the start of the recovery three weeks ago, it looks set for a massive rally in the coming days. Although the pressure seems low at the moment. The bears have defended the $0.08 level well. A continuous daily candle close above the defended level will not just facilitate gains, but put the asset in a more upward range from a short-term perspective. Currently, it looks indecisive. So far, Ski has seen a nice recovery daily as it doubled its price in three weeks. While the bears are in disbelief, more positive actions can be expected in the future. SKI’s Key Levels To Watch Source: Tradingview Looking ahead above $0.07, the $0.119 level is the next area of interest to watch on the way up, followed by a potential breakout to the $0.245 resistance. A further surge should send the price to the moon. The recently broken $0.05 level is now considered as a retest point in case of a drop. While last month’s $0.0306 low still provides support, the $0.0245 level is the lower support to watch for a dip. Key Resistance Levels: $0.0766, $0.119, $0.245 Key Support Levels: $0.05, $0.0306, $0.0245 Spot Price: $0.062 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Hyper, recognized as the leading entity with the highest win rate in the crypto trading sector, has strategically expanded its exposure to Bitcoin (BTC) long positions. The firm has augmented
DDC Enterprise Limited, an e-commerce firm best known as a leading Asian food company listed on the New York Stock Exchange, has announced a $100 million strategic partnership with web3 company Animoca Brands. The companies said in an announcement that they had signed a non-binding memorandum of understanding that will see DDC tap into a $100 million allocation to advance Animoca Brands’s Bitcoin ( BTC ) strategy. NYSE-listed DDC will help develop and implement strategies via which Animoca Brands can optimize its yield from the Bitcoin assets it holds. The announcement comes a few days after DDC revealed a major investment plan targeting Bitcoin, and its deal with Animoca Brands will boost this effort, the companies noted in a press release. As part of the collaboration, DDC is tapping Animoca Brands co-founder Yat Siu to join its Bitcoin Visionary Council. Yat will work with the entity to offer guidance and leadership aimed at bolstering the web3 platform’s Bitcoin treasury. “The addition of Yat Siu to our newly formed Bitcoin Visionary Council brings exceptional industry experience and network value that will strengthen our strategic direction and help guide our treasury and Bitcoin ecosystem initiatives. Together, we’re committed to innovation, disciplined risk management, and unlocking Bitcoin’s full potential as a modern treasury asset,” said Ms. Norma Chu, chairwoman, founder and chief executive officer of DDC. You might also like: Bitcoin ETF inflows hit billions as BTC smashes new all-time highs Bitcoin companies on the rise DDC Enterprise has recently adopted Bitcoin as a core reserve asset , and is eyeing the same aggressive accumulation strategy that has catapulted companies such as Metaplanet into one of the top corporate holders of BTC. This comes as the number of publicly traded companies adding Bitcoin to their balance sheets swells. Many have drawn inspiration from Strategy, formerly MicroStrategy, a U.S.-based publicly traded firm that, as of June 30, 2025, held 597,325 BTC acquired for over $42 billion. According to data tracking corporate Bitcoin treasuries, public companies scooped up 131,000 bitcoins in the second quarter of 2025, representing an 18% increase in Bitcoin held on balance sheets. Corporate Bitcoin holdings stood at over 847,000 BTC at the end of the second quarter. Meanwhile, the market saw an 8% rise in spot Bitcoin exchange-traded funds, or about 111,000 BTC, during the same period. This institutional embrace has combined with other catalysts to propel BTC price to record highs , with the bellwether digital asset breaking to above $118k. Read more: DDC secures $528m for its corporate Bitcoin accumulation strategy
As Bitcoin price hits new highs and altcoins soar, traders are curious to know if a new super cycle has begun.
Tether is officially ending USDt redemptions on five legacy blockchains, signaling a strategic shift towards more scalable and active platforms. This move impacts users on Omni Layer, Bitcoin Cash SLP,
The discontinuance of USDt on these blockchains has been in the works for years, as Tether looks to pivot its strategy to other protocols.