CryptoBuzzPosts 🐝

Crocodilus Android Trojan Adds Crypto Wallet Heist Tools in Global Expansion 🐝 ~ ~ The Android banking trojan Crocodilus is expanding its reach, targeting crypto users and banking customers across Europe and South America. Initially detected in Turkey in March 2025, it has now spread to countries like Poland, Spain, and Brazil. Recent campaigns use Facebook Ads to promote fake loyalty apps, leading users to malicious sites that install Crocodilus. Once installed, it overlays fake login pages on legitimate apps, extracts sensitive data like seed phrases and private keys, and can manipulate contact lists for phishing. Enhanced obfuscation techniques make Crocodilus harder to reverse engineer, marking a significant evolution in its capabilities. @CryptoBuzzPosts 🐝 ~ ~

Ark 21Shares Bitcoin ETF to undergo 3-for-1 split from June 16 🐝 ~ ~ 21Shares announced a 3-for-1 share split for its Ark 21Shares Bitcoin ETF (ARKB), effective June 16, aiming to enhance accessibility for investors and increase trading efficiency. The split will not affect the total net asset value (NAV) and the shares will continue to trade as ARKB. With a current price of $104.25, post-split shares will be valued at approximately $34.50. This move may attract retail investors following recent outflows from U.S. Spot Bitcoin ETFs, while also potentially boosting daily trading volumes. ARKB provides direct Bitcoin exposure without requiring investors to hold the cryptocurrency. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin’s 8% correction flushed leverage but set stage for short term turbulence 🐝 ~ ~ Bitcoin (BTC) experienced an 8% drop from its May 22 peak near $112,000, following a 50% rise from its yearly low of $74,441.20 on April 7. A recent report linked a Court decision on US tariffs, which raised 30-year Treasury yields above 5%, to broader market turbulence. In May, investors added $6.2 billion in Bitcoin ETFs, while withdrawing $2.7 billion from gold ETFs. Notably, BlackRock’s IBIT faced a record outflow of $431 million. Current on-chain metrics suggest short-term turbulence, with Bitcoin trading 6.5% below its all-time high and a market cap of $2.09 trillion. @CryptoBuzzPosts 🐝 ~ ~

What the SEC’s staking ETF objection means for other proposals 🐝 ~ ~ The SEC’s recent decision to halt proposed crypto ETFs allowing staking is unlikely to significantly impact other issuers’ efforts. Registration for the Rex-Osprey ETH and SOL Staking ETFs became effective despite unresolved SEC comments. Their C-corporation structure enables them to bypass typical rule changes. SEC staff have questions regarding these funds’ compliance with the Investment Company Act. Experts like James Seyffart believe the SEC is developing a broader staking framework rather than opposing it outright. Nate Geraci anticipates eventual SEC approval for staking in crypto ETFs by year-end, reflecting a competitive landscape for issuers. @CryptoBuzzPosts 🐝 ~ ~

Crypto Inflows Hit $286 Million as Ethereum Dominates Demand 🐝 ~ ~ Ethereum (ETH) investment products experienced their strongest inflow streak since December 2024, with $321 million of last week’s $286 million total. This brought the seven-week inflow to $10.9 billion, reflecting renewed investor optimism amidst macroeconomic uncertainty and regulatory issues in the US. However, Bitcoin experienced $8 million in outflows after initial inflows turned negative due to legal rulings. While US inflows were the highest at $199 million, interest is growing globally, especially in Hong Kong. The total assets under management for crypto dropped to $177 billion despite Ethereum’s performance and institutional interest, including speculation around a potential Ethereum ETF. @CryptoBuzzPosts 🐝 ~ ~

BitMEX Blocks Lazarus Phishing Attempt, Calls Tactics ‘Unsophisticated’ 🐝 ~ ~ BitMEX disclosed a thwarted phishing attempt by the North Korean-linked Lazarus Group, characterized by “unsophisticated” tactics. An employee was approached via LinkedIn for a fake Web3 NFT collaboration, with the attacker trying to run malicious code from a GitHub project. The security team quickly identified the threat, tracing it to known Lazarus infrastructure. Reports indicate that in 2024, North Korean hackers, associated with Lazarus, stole $1.34 billion in cryptocurrency, highlighting their ongoing threat. Experts caution that despite raising awareness about their methods, the group’s sophisticated post-attack techniques remain a significant risk. @CryptoBuzzPosts 🐝 ~ ~

ATH Reversal Chance, Solana (SOL) Surprised Everyone 🐝 ~ ~ XRP faces critical resistance at $2, showing signs of weakening momentum as it hovers near the 200-day EMA. If it falls below this level, a significant correction could follow, with minimal support between $1.85 and $1.90. Bitcoin also struggles around its 26 EMA, the last support before a potential decline to the 50 EMA, which is under $100,000. Meanwhile, Solana has dropped below the 50 EMA, indicating a loss of bullish momentum and raising concerns about market confidence. Without a strong recovery, further declines for Solana seem imminent, posing challenges for investors. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin Maxi Isn’t Buying Hype Around New Crypto Holding Firms 🐝 ~ ~ Christian embodies the journalist’s lifestyle, mastering both the complexities of cryptocurrency and the art of storytelling. With roots in feature writing and editing, he transitioned from local newspapers in Canada and South Korea to a decade with a prominent news outlet in the Philippines. Now, at NewsBTC, he simplifies crypto concepts for a broad audience. Outside work, he’s a motorbike enthusiast, enjoying leisurely rides on his Yamaha R3. A devoted pet owner, he finds inspiration in his cats and dog. Fueled by coffee and Filipino cuisine, he looks forward to contributing to NewsBTC and cherishing his community. @CryptoBuzzPosts 🐝 ~ ~

Hyperliquid surges in May, cumulative volume exceeds $242b 🐝 ~ ~ Hyperliquid, a leader in decentralized perpetual futures, experienced its best month ever, with trading volume exceeding $242 billion in May, far outpacing competitors. The HYPE token surged to $39.92, a 327% increase since April, boosting its market cap to over $10.9 billion. Hyperliquid’s recent success, including $69 million in fees—surpassing major platforms like Ethereum—has positioned it alongside top exchanges like Binance. The strong volume coincided with a broader crypto market rebound. While HYPE has faced some pullbacks, technical analysis suggests it may continue upward after a potential drop and retest of previous support levels. @CryptoBuzzPosts 🐝 ~ ~

Ross Ulbricht Auction Nets $1.8M in Bitcoin 🐝 ~ ~ An auction of personal belongings from Ross Ulbricht, founder of Silk Road, raised over $1.8 million in Bitcoin. Ulbricht, recently pardoned, sold items through the Bitcoin-only marketplace Scarce City, including pre-arrest personal effects and prison memorabilia. Notable items included his final prison ID card, which sold for 11 BTC (over $1.1 million), and a collaborative painting that fetched 1.01 BTC. Bidders deposited 1% of their bids as collateral, with final payments due by June 2. Additionally, Ulbricht reportedly has access to approximately 430 BTC in dormant wallets, valued at around $47 million. @CryptoBuzzPosts 🐝 ~ ~

Cardano Price Dips 2%: Why Is ADA Falling? 🐝 ~ ~ Cardano (ADA) is facing a significant downturn, having dropped 3% in the last 24 hours to $0.69, with an 8% decline over the past week. This decline is attributed to negative market sentiment following the SEC’s delay of a Grayscale ETF application, which initially raised hopes for a price rally. Daily transaction volumes have decreased by 17.33%, now at 36,000 from earlier highs, reflecting waning investor interest. Cardano’s market cap stands at $24.3 billion, making it the tenth-largest cryptocurrency, as Tron surpasses it to claim the ninth position. The broader market is also experiencing a downturn. @CryptoBuzzPosts 🐝 ~ ~

How smart EOAs are redefining the wallet experience 🐝 ~ ~ In recent years, users have increasingly opted for self-custody of digital assets, seeking greater control and simplicity in managing their wallets. Trust Wallet has evolved to meet these expectations, introducing FlexGas to allow gas fee payments with tokens like USDT and BNB, driven by the need for a better user experience. This change is rooted in the Ethereum EIP-7702 proposal, which enables externally owned accounts to behave like smart contracts, improving transaction efficiency and flexibility. Trust Wallet’s in-house infrastructure supports these advancements, aiming to transform wallets into intelligent agents that facilitate seamless interactions in the Web3 ecosystem. @CryptoBuzzPosts 🐝 ~ ~

Friday Charts: Click here for good news 🐝 ~ ~ In today’s media landscape, pessimism prevails, as highlighted by Deirdre McCloskey’s review of Piketty’s Capital. She argues that bad news captures attention due to our evolutionary instincts, despite positive trends in global economics and poverty reduction. Historical data shows that living conditions have improved significantly: global poverty rates are at an all-time low, life expectancy has risen, and many households have moved into higher income brackets. Optimism, while often viewed skeptically, reflects true progress, challenging the narrative that the world is worsening. As McCloskey suggests, embracing an "idiotic optimism" may foster a more accurate understanding of our achievements. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin Whales Return as BTC Price Struggles 🐝 ~ ~ Bitcoin (BTC) has declined 6% after peaking, showing increased market uncertainty. While whale activity has slightly rebounded to 2,006 addresses, bearish indicators are prevalent, notably the Ichimoku Cloud suggesting weakness. BTC is teetering above critical support at $104,584; failure to hold this level may see it drop to $102,135 or even $100,694. Technical signals indicate potential for another death cross. However, a recovery could push BTC towards resistance at $106,726, with further gains possible up to $112,000. Monitoring whale behavior is crucial, as it reflects market sentiment and potential price movements. @CryptoBuzzPosts 🐝 ~ ~

Nigel Farage Pledges to Slash Crypto Capital Gains, Force UK Bitcoin Reserve 🐝 ~ ~ UK politician Nigel Farage, leader of the Reform Party, vowed to promote a pro-crypto agenda if elected prime minister in 2029. At the Bitcoin 2025 conference, he pledged to reduce crypto capital gains tax to 10%, require the Bank of England to hold Bitcoin reserves, and end “debanking” practices that deny services based on crypto involvement. Farage shared his own experience of being denied banking services to connect with crypto enthusiasts, framing his party’s platform as anti-establishment and akin to crypto’s disruptive ethos. The Reform Party will also accept cryptocurrency donations. @CryptoBuzzPosts 🐝 ~ ~

Will It Start an Altcoin Rally? 🐝 ~ ~ The Digital Asset Market Clarity Act aims to regulate the crypto market by granting the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over digital commodities like Bitcoin and Ethereum. Platforms must register with either the CFTC or the SEC based on their offerings. The Act also clarifies that stablecoins aren’t securities, thus allowing existing regulators to oversee them. This structured approach could enhance investor confidence and attract more investments. Notable altcoins poised for growth include MIND of Pepe ($MIND), SUBBD Token ($SUBBD), and SPX6900 ($SPX), all currently in presale stages. Caution and research are advised before investing. @CryptoBuzzPosts 🐝 ~ ~

Sui community backs vote to recover Cetus hack frozen funds 🐝 ~ ~ The Sui community has voted to unlock over $160 million in frozen assets following a $223 million exploit of the Cetus decentralized finance protocol. Validators representing 90.9% of the total stake approved the move to a multi-signature wallet for recovery efforts. The funds were initially frozen to prevent further loss after an attacker exploited a vulnerability in third-party code. Cetus plans to combine the recovered assets with its treasury and a loan from the Sui Foundation to reimburse affected users. Sui is also enhancing its security with a $10 million initiative for audits and bug bounties, addressing community concerns about decentralization. @CryptoBuzzPosts 🐝 ~ ~

Reform UK party to accept crypto donations 🐝 ~ ~ Reform UK leader Nigel Farage announced the party’s acceptance of Bitcoin and other cryptocurrencies for donations during the Bitcoin 2025 conference in Las Vegas. This makes Reform UK the first major political party in Britain to do so, utilizing the platform from crypto payments provider Radom. Farage discussed his personal experience with being debanked and outlined plans for a “Cryptoassets and Digital Finance Bill” if elected. He proposed establishing a Bitcoin reserve at the Bank of England and opposed a central bank digital currency. Farage emphasized growing cryptocurrency ownership in the UK, particularly among younger people. @CryptoBuzzPosts 🐝 ~ ~

Kazakhstan President Kassym-Jomart Tokayev Announces Plans to Launch Crypto City & AI Hub 🐝 ~ ~ Kazakhstan plans to launch CryptoCity, a regulatory pilot zone for cryptocurrency payments, as announced by President Kassym-Jomart Tokayev. Located in Alatau, the area will enable cryptocurrencies for transactions in goods, services, and real estate, with oversight to ensure compliance. This initiative aims to attract developers and investors while fostering blockchain innovation. Complementing Kazakhstan’s digital economy strategy, authorities envision integrating digital assets into various sectors, including retail and hotels. The project aligns with the country’s broader goals of modernization and becoming an IT hub in Eurasia, amidst a landscape of increasing global digital asset adoption. @CryptoBuzzPosts 🐝 ~ ~

US GDP decline revised to 0.2% as Bitcoin holds steady 🐝 ~ ~ The U.S. economy contracted at an annual rate of 0.2% in Q1, with inflation-adjusted final sales down 2.9% as consumer spending waned. While Bitcoin dipped slightly to above $108,000, corporate profits fell 3.6% and jobless claims rose to 240,000, indicating a cautious labor market. Inflation remains high, with the GDP price index at 3.7%, leaving little room for the Federal Reserve to lower rates. Expectations of a “higher for longer” policy persist, as mild recovery signals could wane amid ongoing consumer weakness and potential tariff impacts, suggesting the contraction might signal a prolonged slowdown. @CryptoBuzzPosts 🐝 ~ ~