Stablecoin issuer Tether has signed a Memorandum of Understanding (MoU) with Adecoagro S.A. to explore a strategic collaboration centered on renewable-powered Bitcoin mining, according to a July 3 statement. Adecoagro, one of South America’s leading producers of sustainable agricultural goods and energy, is evaluating how its more than 230 MW of renewable energy capacity can […]
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With rising rates and over $100 billion in reserves, Tether turned monetary policy into profit, and it’s not alone.
PLUS: Bakkt is entering the BTC Treasury market with a $1 billion BTC purchase.
Speaking on The Block's Big Brain podcast, Tether CEO Paolo Ardoino said USDT and Bitcoin will power transactions among AI agents.
Based on reports, stablecoin issuance has kept climbing for the past 90 days, with billions of dollars flowing in each week. Investors appear to be waiting for a clear sign before moving capital. Right now, USDT holds over 66% of that market, while USDC and DAI share the rest. In total, stablecoins account for about $250 billion, or almost 8% of all crypto assets. Related Reading: Bunker Buster: Ethereum Titans Stake $100 Million Amid US-Iran Hostilities Stablecoin Supply Hitting New Highs Demand for a trusted dollar peg is driving this growth. Tether leads by a wide margin because many traders trust its stability. Stablecoin reserves have swelled, even as other segments stay quiet. This points to plenty of cash on the sidelines. ????Billions in Stablecoins are issued weekly, and the 90-day change for all Stablecoins shows a large amount of liquidity available in the market. Tether (USDT) stands out, representing 66.2% of the entire Stablecoin market. Currently, the Stablecoin market cap is close to $250B… pic.twitter.com/DugpqDiEPl — Alphractal (@Alphractal) June 24, 2025 Bitcoin And Stablecoin Dominance Bitcoin and stablecoins together make up roughly 74% of the total crypto market. That’s a big number. In past cycles, once those balances peak, money often moves into smaller tokens. Right now, Bitcoin’s price is steadying after recent swings. Stablecoin balances keep growing. I can’t promise anything, but there’s a strong chance that a powerful Altcoin Season will take hold in the third quarter of 2025. I had already mentioned this in some posts before, about June and July, and I still stand by that analysis. The main reasons are the large amount of… https://t.co/TjRyxBxSKs — Joao Wedson (@joao_wedson) June 24, 2025 Altcoin Season On The Horizon Based on forecasts from analyst Joao Wedson, altcoins could see a lift in Q3 2025. He points to the huge amount of stablecoin liquidity and persistent doubt among retail and big players. That stage of doubt has come before in other cycles, and it usually marks a turning point. When confidence returns, altcoins tend to surge. Investors Poised On The Sidelines Many holders seem ready to hit buy. They’re holding onto stablecoins until charts, on-chain data or macro news clear up. A boost in stablecoin flows to exchanges could be one early hint that rotation is starting. Large moves by whale wallets into low-cap tokens may follow. In recent weeks, inflows of stablecoins into trading platforms have ticked higher. That’s a key signal to watch. If weekly inflows rise sharply—say above $5 billion—it may show serious appetite building. Past cycles saw similar spikes just before altcoin rallies began. Another one to monitor is decentralized finance platform volume. When stablecoins move from wallets to lending or liquidity pools, it usually indicates that traders are looking for return and preparing to swap to other tokens. Related Reading: Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak Market observers will also be monitoring Bitcoin’s consolidation range closely. If it remains above recent lows for a few weeks, that would give confidence a boost everywhere. Then we could see smaller cryptocurrencies move higher on new liquidity. Based on these signals, it looks like we’re in a waiting game. Stablecoin supplies are at record levels, Bitcoin is settling, and altcoin sentiment remains low. When all that lines up just right, funds are likely to rotate. Then the altcoin sector could see new life. Featured image from Imagen, chart from TradingView
Some uncertainties remain around the GENIUS Act that could establish U.S. stablecoin rules, and theories abound about how Tether may respond.
On-chain data shows the exchange inflows related to the stablecoins USDT and USDC have seen a sharp plunge. Here’s what this could mean for Bitcoin and other cryptocurrencies. Stablecoin Exchange Inflows Have Dropped Below Yearly Average In a new post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend in the Exchange Inflow of the top two stablecoins in the sector, USDT and USDC. The “Exchange Inflow” refers to an on-chain indicator that keeps track of the total amount of a given asset that’s moving into the wallets associated with centralized exchanges. Generally, investors may deposit their coins into these platforms when they want to trade them away, so a high value on the Exchange Inflow can indicate demand for swapping the cryptocurrency. For volatile assets like Bitcoin, this is something that can naturally be bearish for the price. Related Reading: Dogecoin Must Hold This Level—Or Risk A 30% Price Crash In the case of stablecoins, however, their price doesn’t see any impact from exchange deposits, since it always remains, by definition, stable around whatever fiat currency the asset is tracking. That said, stablecoin inflows aren’t without consequence. Investors usually deposit these assets to swap into a volatile cryptocurrency of their choice. As such, coins like Bitcoin can see a bullish effect from an Exchange Inflow spike related to these fiat-tied tokens. Now, here is a chart that shows the trend in the combined Exchange Inflow of the top two stablecoins, USDT and USDC, over the past few years: As displayed in the above graph, the Exchange Inflow of USDT and USDC shot up to a very high value at the end of last year, a sign that the investors were making massive deposits of these stablecoins. Alongside the spike in the indicator, the Bitcoin price observed a rally to a new all-time high (ATH), a potential sign that the stablecoin inflows may have helped provide the fuel for the run. At the peak of the spike, the metric reached a value of $131 billion per day. From the chart, it’s apparent that since then, the indicator has been following a downward trajectory and today, its value has come down to $70 billion per day. Related Reading: Ethereum ETF Frenzy: Inflows Jump 5x While Bitcoin Stalls This represents a significant decline of $61 billion since the high. Though, while the indicator is indeed notably down compared to the peak, its current level is still high in the context of the wider cycle so far. Naturally, if this drawdown in the stablecoin Exchange Inflow keeps up, it could potentially turn out to be a bearish sign for Bitcoin and other digital assets. That said, even though BTC went down earlier in the year, its price is still above the $100,000 mark right now, a possible sign that investors may simply be entering a phase of consolidation. Bitcoin Price Following a surge of about 2.5% over the last 24 hours, Bitcoin has managed to recover back to the $108,100 level. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed. Related Reading: TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin Growth Forecast Details According to Bloomberg, Bessent said a leading industry group expects the stablecoin market cap to top $2 trillion. He called that view “very reasonable.” It would mean backing up to $2 trillion in tokens with US Treasury Bills. Based on reports, Citigroup analysts think issuers might buy an extra $1 trillion in those bills by 2030. Treasury Secretary Scott Bessent said that dollar-linked stablecoins could hit $2 trillion or even more as he reiterated the potential for these digital assets to strengthen the greenback’s position https://t.co/HwVRu0aPkT — Bloomberg (@business) June 11, 2025 Backing Rules Move Forward Lawmakers voted to advance a key amendment to the GENIUS Act, which would force stablecoin issuers to hold reserves in top-tier assets. The amendment won cloture yesterday. That clears the way for a final vote, likely early next week. Supporters say the change will boost confidence by ensuring every dollar-linked token has real backing. Market Size Today Right now, the total stablecoin market sits at about $255 billion. Dollar-pegged coins make up roughly $233 billion of that. That equals 90% of the whole market. The top nine dollar-pegged coins include USDT, USDC, USDe, DAI, USD1, FDUSD, PYUSD, TUSD, and USDD. They account for nearly all stablecoin activity. Challenges Ahead Regulators have work to do. If the GENIUS Act stalls or changes, issuers might head to friendlier markets. There’s also a risk that a handful of big players could dominate. That could create new “too big to fail” worries if a major issuer faces trouble. Plus, tech glitches and smart-contract bugs could still trigger runs on tokens. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC If stablecoin use really takes off in cross-border payments and decentralized finance, the US dollar could win new fans overseas. Every $1 trillion in token issuance backed by Treasury Bills might add to demand for US debt. But the path isn’t guaranteed. Lawmakers must iron out rules that balance safety with innovation. Issuers need strong risk plans. And users must see clear benefits beyond speculation. For now, the market is small compared with the broader financial system. But the shift toward programmable money keeps pace. Featured image from Sygnum Bank, chart from TradingView
Tether has taken a new step in its long-term strategy of diversifying outside its primary stablecoin issuance business. On June 12, the USDT stablecoin issuer disclosed that it acquired an equity stake in Elemental Altus Royalties, a firm specializing in gold royalties. According to the firm, on June 10, it secured 78.4 million common shares […]
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Investor demand for Plasma’s upcoming XPL token continues to soar, with the stablecoin infrastructure platform now securing $1 billion in deposits to support the planned sale. Plasma confirmed that its revised $1 billion deposit cap was reached in under 30 minutes on June 12, doubling its initial $500 million target. The firm stated that 2,900 […]
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World Liberty Financial (WLFI), a DeFi venture linked to US President Donald Trump, has drawn a $7.5 million USDT loan through the Aave lending platform. On June 10, blockchain analytics firm Onchain Lens reported that WLFI supplied assets worth more than $52 million to Aave. This included 7,900 Ethereum (ETH) valued at $21 million, 162.69 […]
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A recent analysis posted by Artemis CEO Jon Ma has sparked discussion about Tether’s potential market value, suggesting that if the company were to go public, its valuation could reach $515 billion. This figure would place Tether among the world’s largest corporations by market capitalization, ahead of well-known names such as Costco and Coca-Cola. Jon […]
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Aave, the largest decentralized lending protocol, has experienced a sharp drop in USDT liquidity to under $100 million following a massive withdrawal by a wallet linked to HTX, a crypto exchange connected to Justin Sun. According to on-chain analyst EmberCN, the wallet removed $570 million USDT from Aave’s lending pool within three hours, slashing the […]
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US law enforcement agencies seized 145 domains and crypto linked to BidenCash, a darknet marketplace known for selling stolen credit card data, and personal information, according to a June 4 statement. The takedown followed a court-approved investigation that targeted the platform’s infrastructure. The seized domains now redirect users to a server controlled by the authorities, […]
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Tether has announced a strategic investment in Orionx, a digital asset platform operating in Latin America, according to a June 3 statement. The investment aims to accelerate the use of stablecoin-powered financial services across the region, particularly in underserved and inflation-prone economies. According to the statement, Orionx currently serves users in Chile, Peru, Colombia, and […]
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A surge of stablecoin transactions marked May as a standout month for the crypto sector. It moved beyond mere token swaps. Lots of people and services turned to dollar-pegged coins for moving value. Activity hit fresh highs, hinting that stablecoins are now the main channel for on-chain payments. Related Reading: XRP Could Transform Your Finances Long Before $10K, Angel Investor Says Spike In Wallet Activity According to Artemis data, more than 33 million wallets sent or received stablecoins during May. That’s a big jump compared with earlier months. It shows more folks are leaning on these digital dollars than on native tokens. Many traders, DeFi users, and everyday people tapped stablecoins to keep their funds tied to the US dollar. This wave of usage also came as the wider market showed signs of life, with prices slowly rising and confidence climbing. Shift To Faster Networks Based on reports, BNB Smart Chain counted over 10 million active wallets for stablecoin moves early in May. TRON came very close, with a little over 9 million wallets during that same stretch. These two networks are cheap and quick. Folks want to dodge higher fees on older chains. By month’s end, both BNB Smart Chain and TRON could top those numbers again. That trend speaks to growing demand for fast, low-cost payments and DeFi deals. Ethereum simply can’t match these lower fees right now. Stablecoin Supply Growth Stablecoins also saw more tokens enter circulation. The total supply grew to $244 billion, up nearly 3% in just one month. But not all coins minted equally. Tether’s USDT remained the heavyweight champion. It added nearly $4 billion to its total supply in May alone. Most of that new USDT landed on TRON. Today, TRON holds nearly $78 billion in USDT, while Ethereum carries $73 billion. In sum, USDT’s overall supply now tops $153 billion and added tokens almost every day. USDC moved in the opposite direction. Its supply dipped slightly, thanks to outflows on Solana. Still, USDC keeps about $60 billion circulating across all its chains. Related Reading: Pepe Makes It To Trump’s Feed—Is A Crypto Endorsement Next? Payments And Bridges Overtake Cards Stablecoins didn’t just grow in supply and usage. They carried huge volumes of payments. Over the past 30 days, those coins moved over $2 trillion worth of value. That level beats what many debit and credit cards handled in the same span. For example, Visa’s volumes were lower than what stablecoins saw. Plus, USDC’s cross-chain moves spiked. The CCTP bridge saw $7.7 billion flow through it, up 83% month-on-month. That rush of bridging means more people are shuttling dollars between networks for trades, lending, or simple transfers. Featured image from ETF Stream, chart from TradingView
Tether CEO Paolo Ardoino has disclosed that the company is being prevented from participating in Juventus Football Club’s latest capital increase. In a June 2 post on X, Ardoino addressed mounting inquiries from Juventus supporters who had hoped Tether would provide new capital to help the club sign players and regain its competitive edge. According […]
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Analytics specialist Artemis, assisted by VC firms Dragonfly and Castle Island Ventures, looked at data from 31 stablecoin payment companies.
Tether, the issuer of the USDT stablecoin, has quietly funneled roughly $5 billion of its earnings into a mix of US businesses and government debt over the past two years. It’s putting money where its mouth is. According to CEO Paolo Ardoino, these moves are meant to show how tied the company is to the American economy, even as it dominates markets abroad. Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Big Bets In Tech According to Ardoino, Tether invested $775 million in Rumble earlier this year, scooping up more than 103 million shares of Class A stock. The firm also put $200 million into BlackRock Neurotech in 2024 through Tether Evo, its venture arm. That move made Tether the majority owner of the brain‐interface startup. These aren’t small stakes. They’re big plays on what could be the next wave of tech growth in the US. In the last 2 years Tether Group reinvested almost 5 billion USD of its profits within the United States economy and into US based companies. Some examples: Rumble, Blackrock Neurotech, XXI and different Bitcoin mining ventures. (That’s on top of having more than 120 billion in… — Paolo Ardoino ???? (@paoloardoino) May 26, 2025 Tether Gets Into Bitcoin Mining Based on reports, Tether has also built positions in several US‐based Bitcoin mining firms. It recently boosted its holding in Bitdeer to 21%, making it one of the top shareholders. On top of that, the company is routing hash power to the OCEAN pool, tying its crypto reserves even more directly to American mining operations. It’s a mix of finance and hardware. Treasury Holdings And US Debt According to filings, Tether holds more than $120 billion in US Treasury bills. That makes it the 19th‐largest holder of US debt, ahead of countries like Germany ($111 billion) and the United Arab Emirates ($104 billion). These Treasury bills back most of the USDT in circulation. In a way, Tether has become a major player in the bond market, with a clear interest in keeping US fiscal matters steady. Plans For A New Stablecoin Based on statements from Ardoino, Tether plans to launch a new dollar‐backed coin for the US market once federal rules are in place. While USDT will stay active in developing nations, a fresh token could meet upcoming US stablecoin laws. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? With $153 billion in USDT out there—about 60% of the total stablecoin supply—Tether still leads globally. But in the US and Europe, USDT has seen some exchange delistings over MiCA compliance worries. A homegrown coin may smooth those relations. Regulatory Headwinds Tether’s strategy isn’t without challenges. It faces calls for more transparency on its reserves and criticism over the use of USDT by bad actors. The company insists it works closely with law enforcement when criminal funds surface. Featured image from Unsplash, chart from TradingView
Tether, the issuer of the world’s largest stablecoin USDT, has disclosed that it has reinvested around $5 billion of its profits into US-based companies and infrastructure over the past two years. In a May 26 post on X, Tether CEO Paolo Ardoino disclosed that the company has made significant investments across American businesses and emerging […]
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A crypto trader lost over $2.5 million worth of Tether (USDT) after falling for the same scam twice within hours. On May 26, blockchain security firm Scam Sniffer reported that the first error occurred when the trader copied a manipulated wallet address from their transaction history. This resulted in a transfer of $843,000 to the […]
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The Bitcoin bull market looks to be back following BTC’s surge above $100,000. With market participants again accumulating following this recent rally, crypto pundit Ardizor has revealed when to sell everything to avoid roundtripping on gains made in this bull market. When To Sell Everything In This Bitcoin Bull Market In an X post, Ardizor stated that he will sell nearly everything in this bull market when BTC’s “Profitability Index” rises above 300% and crypto becomes more popular on TikTok or Instagram, and when market participants think they are the “smartest.” He further outlined three other events that could mark the top and act as a clue to sell everything. Related Reading: Why The US-China 90-Day Tariff Slash Can Push Bitcoin Price Above $110,000 The first is when crypto exchange Coinbase becomes the number one on the app store for two months, and every taxi driver starts speaking crypto. The other two clues are when the BTC Coin Days Destroyed (CDD) metric rises above 300 million and when old friends are inquiring about whether they should buy crypto now. He asserted that the Bitcoin bull market will reach its peak when these things begin to happen. Until then, Ardizor revealed that he will be accumulating more coins daily. The pundit also told crypto community members that he would announce publicly when it was time to sell everything. In another X post, Ardizor provided insights into how investors should allocate their capital in this Bitcoin bull market. He stated that 40% should be invested in BTC, 20% in ETH, 10% in “quality alts,” 5% in high-potential meme coins, 15% working capital, and 20% in USDT to buy dips. Market participants are actively accumulating more coins with the Bitcoin bull market in play following BTC’s rally above $100,000. Crypto analyst Ali Martinez cited Glassnode’s data while revealing that $35 billion has flowed into the crypto market in the past three weeks. A Possible Top For BTC In This Market Cycle Market experts have provided the price targets that could mark the BTC top in this Bitcoin bull market. Veteran trader Peter Brandt stated that the leading crypto is on target to reach the bull market cycle top in the $125,000 to $150,000 level by August or September this year. Once that happens, he predicts that a 50% correction will follow. Related Reading: Analyst Predicts Bitcoin Price Surge To $120,000 And Then A 50% Crash To $60,000, Here’s When Crypto analyst CrediBULL Crypto also reaffirmed that his target for this Bitcoin market cycle is $150,000. However, he also raised the possibility of BTC reaching $200,000 based on Jim Cramer’s statement that the leading crypto cannot achieve that target in this bull run. Standard Chartered has also predicted that $200,000 is achievable for BTC by year-end. At the time of writing, the Bitcoin price is trading at around $103,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Tether’s market cap just passed $150.66 billion, setting yet another record and extending its dominance over every rival combined. Data from DeFiLlama showed USDT expanded by roughly $830 million in the past week and more than $5.5 billion since mid‑April. The headline total matters on its own, but the real insight lies in how the tokens are distributed: […]
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TRON’s native token, TRX, has reflected the broader market’s recent sluggishness, with minimal movement over the past weeks. The token recorded a marginal 0.2% decline over the last seven days and is currently trading at approximately $0.2451, showing a 1.8% decrease in the last 24 hours. Despite this muted price activity, TRON’s network fundamentals suggest underlying stability and continued operational efficiency. Related Reading: Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone TRON Super Representative Signals Active Governance According to recent insights from CryptoQuant’s research team, TRON’s blockchain infrastructure has consistently produced 99.7% of its expected 28,800 blocks per day, demonstrating strong reliability. This performance contrasts with earlier years, particularly 2020 to 2021, when block production experienced greater volatility. The team attributes this improvement to the effectiveness of TRON’s Super Representative (SR) system and the maturation of its delegated proof-of-stake (DPoS) consensus mechanism. The report further highlights that the number of SRs has remained relatively stable, with 30 different SRs contributing in 2025 so far. Of these, 24 SRs were responsible for just over 3.7% of total block production. Comparatively, there were 34 active SRs during the same period in 2020, with a similar share of block production. However, the composition of these SRs has changed significantly. Roughly 68% of the SRs active in 2020 are no longer producing blocks today, replaced by newer participants. This dynamic rotation of block producers reflects decentralization and ongoing community participation in TRON’s governance structure. $1B in USDT Minted as Network Sees Increased Institutional Demand Alongside its stable network performance, TRON recently witnessed a major liquidity event. On May 5, 2025, Tether Treasury minted $1 billion worth of USDT on the TRON blockchain, continuing a pattern of large-scale stablecoin issuance on the network. CryptoQuant analyst Amr Taha emphasized that these mints are not speculative but are backed by verified fiat deposits, typically from large-scale investment funds or over-the-counter (OTC) trading desks. The influx suggests significant institutional interest, with funds likely earmarked for crypto market activity. Related Reading: TRON Accumulation Phase Detected—Major Price Surge Coming Taha explained that TRON’s appeal lies in its cost-effective and fast transaction capabilities. These attributes make it an ideal network for executing large USDT transfers efficiently, especially in use cases like cross-border remittances, high-frequency trading, and arbitrage. The analyst also noted that TRON-based USDT is particularly popular in Asia, where access to traditional financial rails can be limited. As such, the $1 billion mint highlights TRON’s growing role as a hub for global crypto liquidity. Featured image created with DALL-E, Chart from TradingView
Tether is continuing its expansion beyond its stablecoin business with a new push into artificial intelligence. On May 5, Tether CEO Paolo Ardoino announced that the company will soon launch Tether.ai, an open-source AI platform designed for various devices. The announcement comes as the company’s flagship stablecoin, USDT, edges toward a record circulation milestone of $150 […]
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Tether’s tokenized gold product, XAUT, has released its first official attestation, showing that its total backing amounts to 246,523.33 ounces, equivalent to more than 7.7 tons of gold. According to an April 28 statement, XAUT is priced at $3,123.57 per token and has a total market capitalization of $770 million. The token reached an all-time […]
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Crypto power players back $3B bitcoin SPAC as Trump-era policies spark new wave of institutional bets.
Tether, the company behind the world’s largest stablecoin USDT, has strategically invested in Fizen Limited to support the broader adoption of stablecoins and self-custody solutions. The deal, announced on April 15, did not disclose the financial details but aligns with Tether’s broader goal of promoting financial inclusion through blockchain technology. Boosting stablecoin payments According to […]
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Tether CEO Paolo Ardoino has revealed that the company saw a significant uptick in users during the first quarter of 2025 amid the broader crypto market volatility. In an April 14 post on X, Ardoino announced that the number of USDT users rose by 13% during the period. Although he didn’t provide an exact figure […]
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Malware operations targeting holders of Ethereum, XRP, and Solana cryptocurrencies have been exposed by cybersecurity researchers. The threat attacks Atomic and Exodus wallet owners by using compromised software packages installed by developers unaware of the malware contained in the code. The malware, upon execution, is able to send cryptocurrency to thief-held addresses with no indication on the wallet owner. Related Reading: Whale Alert: Ripple Sends 200 Million XRP Into The Shadows How The Attack Works Researchers say the attack starts when developers unwittingly include hacked node package manager (NPM) packages in their projects. One such package named “pdf-to-office” appears genuine on the surface but conceals malicious code within. The package searches computers for installed crypto wallets and then injects code that intercepts transactions. This enables criminals to steal money without the user’s awareness or permission. Multiple Cryptocurrencies At Risk Security researchers have concluded that the malware can divert transactions on multiple of the world’s leading cryptocurrencies. They include Ethereum, USDT, XRP and Solana. The attack is what researchers identify as “an escalation in the ongoing targeting of cryptocurrency users through software supply chain attacks.” Technical Details Reveal Sophisticated Methods ReversingLabs discovered the campaign by scanning for suspicious NPM packages. Their analysis revealed several warning signs such as suspicious URL associations and code structures matching well-known threats. The attack employs sophisticated techniques for evasion from security tools and is multi-stage in nature. The infection begins when the malware package executes its code aimed at wallet software on the target’s machine. It specifically looks for application files in some of the predetermined paths before injecting its malicious code. No Visual User Warning Signs According to reports, this malware’s effect can be catastrophic since transactions appear absolutely normal on the wallet interface. The code substitutes valid recipient addresses with attacker-controlled addresses through base64 encoding. Related Reading: Bitcoin Maxi Takes Aim: Ethereum’s True Value? Lower Than You Think For instance, when a user attempts to send ETH, the malware substitutes the recipient address with the attacker’s address, which is concealed in encoded form. Users have no visual clue that anything is wrong until they check the blockchain record afterward and discover their money went to an unexpected address. The security threat indicates increased harm to cryptocurrency owners who might not be aware their transactions are compromised until funds go missing. The modus operandi of the attack is evidence of how hackers keep coming up with new methods of pilfering digital assets. Cryptocurrency users should be extremely cautious when verifying all transaction addresses. Developers are also advised to double-check the security of any packages they install on cryptocurrency-related projects. Featured image from Enterprise Networking Planet, chart from TradingView