1d ago
White House crypto adviser Patrick Witt says stablecoin yields could boost capital in US banks
On Wednesday, White House Council of Advisors for Digital Assets executive director Patrick Witt argued that foreign demand for dollar-backed stablecoins represents fresh capital flowing into the US banking system. His comments arrive as banks and crypto firms clash over the US CLARITY and GENIUS Acts and the potential impact of stablecoin yields on traditional bank deposits.
1d ago
1d ago
MediaTek fixes chipset flaw that let attackers steal crypto wallet seeds in 45 seconds
Mobile chipmaker MediaTek patched a vulnerability in its chipsets on Jan. 5 that, according to Ledger's Donjon security team, allowed attackers with physical access and a USB connection to extract sensitive data from some Android phones. The flaw in the secure boot chain could be used to recover PINs, decrypt storage and steal seed phrases from major software wallets on devices using MediaTek processors and the Trustonic TEE. Ledger has urged users of affected Android phones to install the latest security updates, even as it does not expect the issue to persist.
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SEED
SEED-0.42%
1d ago
2d ago
Arthur Hayes pauses Bitcoin buys, waits for Fed money printing despite $250K forecast
BitMEX co-founder Arthur Hayes, who has projected Bitcoin could reach $250,000 by year-end, said he would not allocate even $1 to BTC at the moment and prefers to wait. He plans to start buying again only after the United States Federal Reserve eases monetary policy and resumes large-scale money printing, a scenario he links to escalating conflict in the Middle East.
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BTC
BTC+2.59%
2d ago
3-7
Santiment data shows Bitcoin whales selling 66% of recent buys as price drops below $70K
Crypto analytics firm Santiment reports that Bitcoin whales holding between 10 and 10,000 BTC have sold around 66% of the coins they accumulated between Feb. 23 and Mar. 3, after prices briefly touched $74,000 this week. While retail holders with less than 0.01 BTC have been buying the dip below $70,000, Santiment and other analysts warn the correction could continue, especially after a $348.9 million outflow day from US spot Bitcoin ETFs and a plunge in sentiment to "Extreme Fear."
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BTC
BTC+2.59%
3-7
3-7
Trump's National Cyber Strategy names crypto, flags mixers and quantum risks
Following the release of US President Donald Trump's National Cyber Strategy on Friday, crypto executives are dissecting the document for clues on future support for cryptocurrencies and blockchain. The strategy explicitly commits to supporting the security of cryptocurrencies and blockchain technologies, while language on uprooting criminal infrastructure is seen as potentially targeting mixers, privacy coins and unregulated off-ramps. Industry figures also noted the report's focus on post-quantum cryptography and AI security as signals that the government is treating quantum threats and artificial intelligence as key cybersecurity priorities.
3-7
3-7
Crypto executive says community banks and digital asset firms align on CLARITY Act over big banks
Crypto executive Austin Campbell argued that community banks and the crypto sector should align on the US CLARITY Act or risk conceding advantages to large banks. Responding to community banking leader Christopher Williston, Campbell claimed stablecoins could help address technological and regulatory challenges for smaller lenders, while critics warn the bill could draw deposits away from traditional banks. Members of the Trump family also weighed in, with Eric Trump criticizing major banks and President Donald Trump urging the market-structure bill to be passed quickly.
3-7
3-6
Bitwise CIO Matt Hougan Says Classic Altcoin Seasons Are Ending as Market Cycles Shift
Bitwise CIO Matt Hougan said in a Wednesday interview that the broad, euphoric altcoin seasons of past cycles are unlikely to return, and that future cycles will favor tokens with real-world traction and applications. He argued that instead of a uniform rally where capital rotates from Bitcoin to Ether and then to the wider altcoin market, the next phase will see more differentiated revaluations focused on assets tied to substantial businesses.
BTC
BTC+2.59%
3-6