CFA Report Pegs US Crypto Fraud Losses at $80.7B

Mosyle has identified a new malware called ModStealer that is evading detection by major antivirus engines. This cross-platform infostealer targets crypto wallet data through obfuscated code, allowing attackers to bypass traditional security scans and gain control of infected devices.

Ondo Finance's token is surging this week amid a bullish crypto market and news about BlackRock. The rise is linked to BlackRock's ETF plans on public blockchains. Ondo's token has gained over 21% this week, reaching $1.10 today.

Coinbase has accused the SEC of deleting former Chair Gary Gensler's text messages, leading to a credibility crisis. The SEC's Inspector General found a year's worth of Gensler's texts were permanently deleted, raising concerns about transparency and accountability.

ModStealer, a new malware strain, evades antivirus detection to steal data from crypto wallets on Windows, Linux, and macOS. Distributed through fake job ads, it targets developers with Node.js environments, posing a significant threat to the digital asset ecosystem.

Bitcoin reached a 19-day high due to lower inflation data, fueling expectations of a rate cut by the Federal Reserve. Experts predict a surge in Bitcoin prices as selling pressure decreases and ETF inflows rise.

Dogecoin has surged nearly 20% in the past week, reaching its highest price since August 13. CleanCore Solutions, a Dogecoin treasury, has purchased over 500 million DOGE, aiming to establish it as a premier reserve asset.

A long-term Bitcoin whale recently moved a portion of their $50 million BTC holdings after holding it for nearly 13 years. This movement follows other large crypto investors cashing out part of their holdings, including a whale who sold over 80,000 Bitcoin in July.

Analysts at QCP Capital are monitoring the gold-to-Bitcoin ratio to shape their Q4 forecast for BTC. The ratio currently sits at 0.032, but historically, a ratio of 0.041 has indicated periods where gold rallies while Bitcoin stabilizes. Institutional treasury flows are also being observed for potential market dynamics.

Gemini, a New York-based crypto exchange, is set to go public with an IPO offering more than 16 million shares. The firm, known for its co-founders Tyler and Cameron Winklevoss, aims to increase revenue through trading fees and expand its product suite.

Figure Technologies' stock price closed above its IPO price, reaching $31.11 and a $6.58 billion valuation. CEO Michael Tannenbaum highlighted the company's blockchain platform's efficiency in loan processes, saving consumers significant costs. With $11.7 billion in outstanding loans, Figure is a major player in the blockchain-based lending market.