Spot Bitcoin ETFs saw net inflows of $475 million as of December 26. Fidelity’s Bitcoin ETF led with a net inflow of $254 million. Continue Reading: Investors Reignite Interest in Bitcoin and Ethereum ETFs The post Investors Reignite Interest in Bitcoin and Ethereum ETFs appeared first on COINTURK NEWS .
Bitcoin could face a steep correction to $80,000, according to Chartered Market Technician Aksel Kibar. In an X post on Dec. 26, Kibar flagged a po...
A phishing scam targeting crypto users that used fake Zoom meeting links as a method of malware distribution and stealing the target's cryptocurrency assets has been uncovered by blockchain security firm SlowMist.
A phishing scam targeting crypto users that used fake Zoom meeting links as a method of malware distribution and stealing the target’s cryptocurrency assets has been uncovered by blockchain security firm SlowMist. Hackers have been using sophisticated techniques to steal private keys, wallet data, and other sensitive information, which has resulted in substantial financial loss for victims. The attackers used a phishing domain that mimicked a legitimate Zoom domain, “app[.] us4zoom[.] us.”, reported SlowMist on Dec. 27. Source: SlowMist The scam site illustrated Zoom’s interface and tricked users into hitting the “Launch Meeting” button. The button did not open the Zoom application; it started downloading a malicious installation package called “ZoomApp_v.3. 14. dmg.” After installation, this package ran a script called “ZoomApp.file” that asked users to put in their system password. https://twitter.com/SlowMist_Team/status/1872526964789219563 Upon analyzing, SlowMist reported that the script called a hidden executable file to deploy named “.ZoomApp”. The app tried to access data like system information, browser cookies, KeyChain data, and cryptocurrency wallet credentials. The compressed data was then transmitted to a server under the hackers’ control, associated with the IP address 141.98.9.20, which has been labeled as malicious by multiple threat intelligence services. You might also like: Pig butchering crypto scams wiped out $3.6b this year: report The malware, identified as a Trojan, was then subjected to static analysis and dynamic analysis, which showed that the software was also capable of executing scripts that decrypted the data, enumerated paths from the plugin ID, and extracted credentials stored on the victim’s device. This included stored passwords, cryptocurrency wallet details, and sensitive Telegram credentials, among other information. This allowed the attackers to obtain wallet mnemonic phrases and private keys, which facilitated the theft of large amounts of cryptocurrency. The attackers’ back-end system, located in the Netherlands, tracked user interactions through the Telegram API, with signs that they employed Russian-language scripts. The phishing campaign went live on Nov. 14, 2024, and has already attempted to steal millions of dollars in crypto from various users. Zoom scam on the Ethereum chain SlowMist tracked the on-chain transfer of funds using an anti-money laundering tool, MistTrack. A profit of more than $1 million was among the addresses of one of the hackers, where cryptocurrencies USD0++ and MORPHO were converted into 296 Ethereum ( ETH ). The stolen money was transferred to a series of platforms, including Binance, Gate.io, Bybit, and MEXC . Another address, which was used to make small ETH transfers to a total of 8,800 addresses, was included to pay for transaction fees. You might also like: Scammers bagged over $500k from 15+ X breaches Blockchain analysis tracing Ethereum theft activity, illustrating the flow of stolen funds across wallets and platforms. Source: SlowMist This stolen ETH was later aggregated into a different address, with transfers to several other sites, including exchanges such as FixedFloat and Binance, where it was converted into Tether ( USDT ) and other cryptocurrencies. Read more: US hacker faces 20-year prison sentence over $37m crypto theft
Singapore-based crypto exchange BingX launched ALTCOIN Index, the first futures index involving altcoins like ETH, XRP, SOL and DOGE. BingX’s new ALTCOIN Index provides users with the opportunity to monitor the current market trends for multiple altcoins displayed on one…
Singapore-based crypto exchange BingX launched ALTCOIN Index, the first futures index involving altcoins like ETH, XRP, SOL and DOGE. BingX’s new ALTCOIN Index provides users with the opportunity to monitor the current market trends for multiple altcoins displayed on one index. According to BingX’s press release , the index will feature some of the top cryptocurrencies by market cap, excluding Bitcoin ( BTC ) and stablecoins. The ALTCOIN Index includes ETH ( ETH ), XRP ( XRP ), SOL ( SOL ), BNB, DOGE, ADA, TRX, AVAX, and SHIB. Through the index, users can track trends and price changes without having to buy individual tokens or ETFs . Thus, traders can buy or sell USDT trading pairs alongside altcoins on the index. A futures index is an instrument typically used to monitor stock markets. Its allows traders to track the performance of certain assets in the market, such as commodity shares. Therefore, investors are able to assess or hedge against the market movements to determine the best course of action. This is because traders can immediately monitor other assets within the broader market, not just the ones they hold. You might also like: BingX returns to normal operations after $43m hack In the case of altcoins, BingX’s new platform allows traders to directly assess the market using tiered leverage options and competitive rates without the burden of managing multiple positions at once. This enables users to further diversify their asset choices and mitigate trade risks linked to individual asset volatility. Chief Product Officer of BingX, Vivien Lin, stated the new futures and altcoin trading feature will offer a number of major cryptocurrencies and compile them into a singular list to make it easier for users to monitor market trends. “This index trading pair should help our less experienced users with their trading goals more easily, particularly when they are unsure which asset to trade and just want to trade major altcoins in general with leverage,” said Lin. The platform ensures that the index composition will be updated regularly on a quarterly basis to showcase current movements response to market conditions. Previously in October, BingX unveiled its new security feature, the wallet firewall. The feature is meant to protect the system against external threats, following a major hacker attack that led to a $43 million loss for the exchange only one month prior. You might also like: BingX unveils wallet firewall one month after multi-million hack
Solana-based meme coin Bonk continued its downward rally despite the project recently burning 1.69 trillion BONK tokens. On Dec. 26, over 1.8% of BONK’s entire supply, amounting to 1.69 trillion tokens worth over $51 million was burned as part of the dog-themed meme coin’s community holiday token burning event dubbed the “BURNmas.” Based on community participation in Burnmas, the amended vote has passed and 1.69 Trillion $BONK has been burnt from the @bonk_dao multisig The Total Supply of $BONK is now down to 91 Trillion Tokens from it's original 100 Trillion ❗️❗️❗️ #LetsBONK — BONK!!! (@bonk_inu) December 26, 2024 Initially proposed in late November, the project planned to burn 1,000 BONK for every X post using the hashtag #LetsBONK, and 10,000 BONK for every new follower gained on Instagram and TikTok, with a final target of burning 1 trillion tokens. The idea was to spur community engagement and increase visibility for the token during the holiday season. However, due to higher-than-expected engagement across social media platforms, the initial target of 1 trillion tokens was surpassed. In response, BonkDAO members voted in favor of an updated proposal to increase the burn amount to 1.69 trillion tokens. You might also like: BonkDAO announces plans to burn 1.69t BONK in “BURNmas” event Token burns are a common occurrence in the crypto space, especially among meme coins like BONK, which boasts a total supply of 100 trillion tokens, now reduced to 90.97 trillion after recent burns. By permanently removing a chunk of tokens from circulation, these events aim to tighten supply dynamics, theoretically boosting scarcity and, in turn, driving up the token’s value. For instance, following BONK’s previous token burn event on July 29, when 84 million tokens valued at over $2 million at the time were removed from circulation, it resulted in a 25% rally for the token. This time, however, the BURNmas spectacle failed to deliver, with the token dropping over 7% following the event with its market cap hovering around $2.3 billion. Why is BONK price going down? While there was no solid reason that sparked the sell-off, BONK’s ( BONK ) decline coincided with a broader downturn in the crypto market, fueled by a risk-off sentiment driven by Bitcoin’s lackluster performance, struggling to recover above the $100k mark. Additionally, holiday-induced low trading activity saw BONK’s volume drop over 8% in the past 24 hours. Frustration also brewed among several BONK enthusiasts, who voiced dissatisfaction over the team’s failure to execute the token burn on Christmas Day as originally promised. This delay may have dampened investor confidence and contributed to the sell-off. Another potential reason why BONK dropped is that many investors may have rotated their investments into Pudgy Penguins’ token, Pengu (PENGU). Just days after launching, PENGU amassed a market cap of over $2.2 billion and even briefly surpassed BONK as the largest meme coin on the Solana blockchain on Dec. 26. The token has also outperformed BONK over the past week, gaining over 32% compared to BONK’s 7.2% rally. At press time, the token had formed a god candle on its daily chart, which is typically a sign of whale activity. The sudden price rise managed to mitigate some of the day’s losses, bringing the token’s price to $0.000030. If more investors follow suit, it could spark the next leg up for the meme coin toward the key resistance level at $0.000034, a level BONK has tested twice this week but failed to breach. Read more: Shiba Inu, Bonk, Pepe prices rebound: Beware of dead cat bounce
Solana-based meme coin Bonk continued its downward rally despite the project recently burning 1.69 trillion BONK tokens. On Dec. 26, over 1.8% of BONK’s entire supply, amounting to 1.69 trillion tokens worth over $51 million was burned as part of…
Victoria, Seychelles, 27 December 2024 — Bitget Wallet , a leading Web3 non-custodial wallet, has announced that BGB will become the primary token for multi-chain gas fee payments via its GetGas feature starting January 2025. This milestone cements BGB’s role as a versatile utility token within the Bitget Wallet ecosystem, enabling seamless blockchain interactions and enhanced user experience. Bitget Wallet’s GetGas feature simplifies multi-chain operations by allowing users to pay gas fees across major blockchains, including Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, TON, and TRON by simply using BGB, USDT, or USDC. This eliminates the need for separate gas tokens on each chain, streamlining transactions and boosting efficiency. Users can further reduce costs by earning free Gas Vouchers through tasks in the wallet’s Reward Center. With the recent integration of BGB, the token’s utility expands to support staking, DeFi integrations, and exclusive ecosystem benefits. Bitget Wallet has grown into one of the largest Web3 wallets, connecting over 60 million users to millions of digital assets across 100+ blockchains. Together with Bitget Exchange, the ecosystem now serves over 100 million global users. The recent merger of BWB and BGB has unified the token ecosystem, positioning BGB as the core of the Bitget ecosystem and strengthening its utility. BGB will power staking, lending protocols, and DeFi applications, while also serving as a unified asset for multi-chain gas payments, Fair Launchpool, and decentralized applications (DApps). Expanding beyond blockchain use cases, BGB will support real-world payments for dining, travel, shopping, and more, offering a seamless Web3 PayFi experience. BGB’s integration within Bitget Wallet enhances its all-in-one platform for asset management, cross-chain transactions, market insights, and NFTs, driving the growth of onchain ecosystems. “ Our vision is to build Bitget Wallet as the next-generation superapp, powered by BGB,” said Alvin Kan, COO of Bitget Wallet. “By integrating multi-chain gas payments, unlocking new possibilities in DeFi and PayFi, and simplifying onchain interactions, we aim to make decentralized technology accessible and intuitive. Bitget Wallet is committed to empowering the next billion users with a secure, seamless experience, connecting diverse ecosystems and accelerating global blockchain adoption .” For more details about how to use BGB for multi-chain gas payments, please visit the Bitget Wallet blog . About Bitget Wallet Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive on-chain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, and an NFT marketplace. Designed for everyone from beginners to advanced traders, it supports mnemonic, MPC, and AA wallet options. With connections to over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300 million protection fund for your digital assets. Experience Bitget Wallet Lite to start your Web3 journey. For more information, visit: Twitter | Telegram | YouTube | LinkedIn | Discord For media inquiries, please contact media.web3@bitget.com The post BGB Powers Multi-Chain Gas Payments in Bitget Wallet appeared first on CoinGape .
Bitcoin’s next bull run could face headwinds from quantum computing advancements and shifting inflation dynamics, analysts warn. Singapore-based web3 firm Matrixport says there are still many risks that could disrupt Bitcoin’s (BTC) bull market in 2025. In a research note…