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Ledger CTO Warns of NPM Supply-Chain Attack Hitting 1B+ Downloads

by admin September 8, 2025

Charles Guillemet, chief technology officer at hardware wallet maker Ledger, warned on X on Monday that a large-scale supply chain attack is underway after the compromise of a reputable developer’s Node Package Manager (NPM) account.

According to Guillemet, the malicious code — already pushed into packages with over 1 billion downloads — is designed to silently swap crypto wallet addresses in transactions. That means unsuspecting users could send funds directly to the attacker without realizing it.

Guillemet did not name the developer whose account he said was compromised.

The incident underscores how deeply interconnected open-source software is and why security lapses in developer tools can ripple into the crypto economy almost instantly.

🚨 There’s a large-scale supply chain attack in progress: the NPM account of a reputable developer has been compromised. The affected packages have already been downloaded over 1 billion times, meaning the entire JavaScript ecosystem may be at risk.

The malicious payload works…

— Charles Guillemet (@P3b7_) September 8, 2025

“NPM is a tool commonly used in software development using JavaScript, which makes integrating packages easy for developers,” said Guillemet in a message to CoinDesk. When an attacker compromises a developer’s account, they can slip malicious code into widely used packages.

“The malicious code attempts to drain users by swapping addresses used in transaction or general on-chain activity and replacing them with the hacker’s address,” Guillemet added.

Guillemet stressed that if any decentralized application or software wallet across any blockchain includes these JavaScript packages, then they could be compromised, and crypto users could therefore lose their funds.

“The only sure way to combat this is to use a hardware wallet with a secure screen that supports Clear Signing,” said Guillemet to CoinDesk. “This will allow the user to see exactly which addresses funds are being sent to and ensure they match the intended addresses.”

“Hardware wallets without secure screens and any wallet that doesn’t support Clear signing is at high risk as it is impossible to accurately verify the transaction details are correct,” he added.

“It’s an opportunity to remind everyone: always verify your transactions, never blind sign, use a hardware wallet with a secure screen, and Clear Sign everything,” Guillemet said.

Read more: Ledger CTO Addresses Criticism of New Wallet Recovery Service

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September 8, 2025 0 comments

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Fed Rate Cuts Incoming: Why Analysts Doubt Bitcoin’s Next Rally

by admin September 8, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (BTC) is trading tightly around $111,000 as markets await the Federal Reserve’s September 17 policy decision, where a rate cut is widely expected. Despite weaker U.S. jobs data, which typically boosts risk assets, Bitcoin’s price has struggled to break higher.

As of early Monday, Bitcoin was up 0.56% in 24 hours, trading at $111,800. The muted price action came after August’s nonfarm payrolls showed just 22,000 jobs added, far below expectations of 75,000.

The disappointing report reinforced expectations for monetary easing, with the CME FedWatch Tool showing a 100% probability of a September cut and even a 10% chance of a larger 50-basis-point reduction.

Analysts Split on Bitcoin (BTC) Outlook

Rachael Lucas, an analyst at BTC Markets, noted that while dovish Fed expectations usually support Bitcoin, the effect may already be priced in. “Institutional desks are taking profits while ETF flows remain flat, capping momentum for now,” she said.

Kronos Research CIO Vincent Liu added that a rate cut may not necessarily fuel a rally. “A cut signals economic weakness. Without stronger ETF inflows or liquidity expansion, $120K remains a tough barrier,” he explained.

ETF flows have indeed weakened. Bitcoin and Ethereum funds saw lighter inflows in early September compared to record highs in July and August, signaling a cooling of institutional demand.

Key Levels and Catalysts Ahead

For now, $110,000 is the critical support zone. Lucas believes that resistance at $113,400, $115,400, and $117,100, levels that must be cleared for Bitcoin to retest the $120K mark.

BTC’s price trends to the upside on the daily chart. Source: BTCUSD on Tradingview

On-chain signals, such as record-high stablecoin supply and declining exchange balances, suggest potential firepower for a rally. Off-chain factors, including regulatory updates and ETF demand, will also shape sentiment.

This week’s inflation reports (PPI and CPI) could prove pivotal. Softer-than-expected data may strengthen the case for multiple rate cuts this year, while hotter readings could stall Bitcoin further.

With Fed policy, inflation trends, and ETF flows all in focus, Bitcoin faces a decisive moment. Whether it smashes through resistance or remains stuck below $120K will depend less on the Fed alone and more on whether fresh liquidity enters the market.

Cover image from ChatGPT, BTCUSD chart from Tradingview

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September 8, 2025 0 comments

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Wall Street Giant Cantor Debuts Bitcoin Fund With Gold Insurance

by admin September 8, 2025

In brief

Cantor Fitzgerald has debuted a new Bitcoin fund.
The fund also gives investors exposure to gold—for downside protection.
Gold rose to a record high near $3,680 on Monday, while BTC is trading about 9% off its all-time best, set last month.

Wall Street giant Cantor Fitzgerald debuted a new fund Monday that aims to give investors exposure to Bitcoin‘s gains and downside protection with gold.

The fund, the Cantor Fitzgerald Gold Protected Bitcoin Fund, which was announced in May at the Bitcoin 2025 conference in Las Vegas, Nevada, aims to address the concerns of investors scared of Bitcoin

Monday’s announcement said that the fund “minimizes the risk of short-term volatility and reduces the impact of correlation spikes while continuing to benefit from the long-term upside trend of Bitcoin.”

“This gold-protected Bitcoin strategy spans five years and tackles both risks head-on: it captures Bitcoin’s upward trajectory while gold provides a safety net that historically performs well when markets decline,” Global Head of Cantor Fitzgerald Asset Management Bill Ferri said.

He added: “With risk assets at or near all-time highs, timing and protection matter.”

Decrypt reached out to Cantor Fitzgerald for comment.

Bitcoin, the largest and oldest digital asset, has in the past made massive gains but experienced huge drops throughout its 16 year history.

Bitcoin was recently trading at under $112,182, up about 1% over the past 24 hours and more than 20% year-to-date according to cryptocurrency markets data provider CoinGecko. But the leading cryptocurrency by market cap has fallen nearly 9% since reaching an all-time high of $124,128 last month.

To be sure, experts recently told Decrypt that with the approval of spot Bitcoin ETFs, which institutions have flooded into, the asset should experience less volatility. The digital coin’s volatility has significantly dampened this year.

But during the last bull market of 2021, the asset hit a high of over $69,000 per coin only to plunge to under $16,000 the following year. The current up cycle has likely yet to see an end, many analysts believe.

Gold, the traditional save haven asset, hit a new high Monday near $3,680 per ounce and is up more than 37% year-to-date, amid ongoing concerns about the U.S. economy, inflation and other macroeconomic uncertainties.

Cantor was among the early, vocal Wall Street supporters of Bitcoin. The firm helps custody the Treasury reserves for stablecoin giant Tether’s USDT stablecoin product. Its former chairman and CEO Howard Lutnick, an advisor to Donald Trump during his 2024 presidential campaign, is now U.S. Commerce Secretary.

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September 8, 2025 0 comments

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Aethir price surges 43% amid fresh spike for DePIN tokens

by admin September 8, 2025

Aethir’s price soared as the cryptocurrency market registered an uptick, with the token’s gains outpacing those across the decentralized physical infrastructure networks ecosystem.

Summary

Aethir price rose 43% to hit highs near $0.045.
Gains saw the token outpace Bittensor, Render and other top DePIN coins.
The bounce for ATH comes as cryptocurrencies mirror the bullish outlook across risk asset markets ahead anticipated Federal Reserve interest rate cut.

The Aethir (ATH) token traded to an intraday high near $0.045 as price spiked more than 43% in the past 24 hours. Per market data, the altcoin’s value jumped from lows of $0.030 to climb as high as $0.04437 across cryptocurrency exchanges.

ATH traded around $0.042 at the time of writing, the highest mark since Aethir peaked at $0.041 on June 16, 2025. That surge came as Aethir announced a key partnership with stablecoin platform Credible Finance, unveiling the first decentralized physical infrastructure network-powered crypto credit card.

Aethir price chart. Source: crypto.news

While the token’s price nosedived to lows of $0.025 in mid-July, bulls failed to capitalize on a rebound in late July and again in mid-August as bears held around $0.037. However, the latest bounce sees buyers breach this technical barrier, a supply wall that could now act as support after the price also pierced the $0.040 mark.

Price sees Aethir outpace DePIN peers

Aethir price surged on Sept.8 alongside bullish performance across crypto.

Bitcoin (BTC) crossed back above $112k and Ethereum (ETH) moved above $4,330. Mainly, cryptocurrencies remain upbeat as risk assets trend higher ahead of the highly anticipated Federal Reserve meeting, where the central bank is expected to cut interest rates for the first time in months. Experts say recent macroeconomic data suggest the odds of a 50-basis-point cut have increased.

The upbeat market activity for top coins thus also saw DePIN tokens rise. Bittensor (TAO) Render (RENDER) and Arweave (AR) are among DePIN tokens to push weekly gains into double-digit territory, while the segment’s market capitalization rose 3% to over $34.8 billion and daily volume increased 25% to more than $4.2 billion.

For Aethir, which offers a GPU-as-a-service network, the 24-hour trading volume reached $95.7 million, up more than 1,300%. The token’s market cap rose to $473 million. Elsewhere, data from Coinglass showed open interest at $65.29 million.

The all-time high for Aethir is $0.29, reached in June 2024.

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September 8, 2025 0 comments

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South Korea’s Upbit Rumored to Launch Blockchain Network ‘GIWA’

by admin September 8, 2025

It is said that Dunamu, the parent company of Upbit, South Korea’s biggest bitcoin exchange, is working on its own blockchain network. Recent trademark filings for the name “GIWA” have led to the rumors, which have made people even more excited for a big statement at the company’s upcoming annual conference.

The rumors started with a story from a local news source called ‘Bloomingbit’. They are based on trademark applications that cover a number of blockchain technologies. In these filings, descriptions are given for blockchain software, systems for next-generation digital identity, and infrastructure for issuing and selling digital assets. GIWA means “Tile” in Korean, which makes it sound like a basic technology that will allow a wider range of on-chain apps.

A Strategic Growth

Dunamu has mostly been a trade services provider through Upbit, but this possible move would be a big step toward growing strategically. It would then be up against other global markets that have already started their own private chains. This change would let Dunamu make money from things other than trading fees and help build a native community of decentralized apps and services.

It’s interesting that this news came out just one day before Dunamu’s yearly “Upbit D Conference” (UDC 2025) starts in Seoul on September 9. The meeting is a big event for the industry in South Korea. Which, in case, making it official during the event, can turn the Korean blockchain ecosystem more competitive

Dunamu’s possible move into blockchain development is more than just an addition to their current products; it’s a strategic move to create a complete, fully integrated crypto environment. If it goes live, the GIWA network could quickly become popular by using Upbit’s huge user base. This would create a powerful new platform for coders in South Korea and around the world, positioning Dunamu in a spotlight in Korea, as well as global player.

Also Read: Dunamu, MB Bank to Launch Vietnam’s First Crypto Exchange

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September 8, 2025 0 comments

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S&P 500 Changes Send HOOD Higher, MSTR Lower

by admin September 8, 2025

Robinhood (HOOD) stock soared 15% on Monday following the company’s inclusion in the S&P 500, the widely tracked benchmark for U.S. equities. The announcement was made after markets closed on Friday and takes effect with the index’s September 22 rebalance.

The trading platform, which has seen its stock price nearly triple this year, has long been considered a frontrunner for inclusion. It was one of the three largest eligible companies yet to be added to the index.

Meanwhile, shares of Strategy (MSTR) slipped lower after the bitcoin BTC$112,550.55 development company was passed over,despite qualifying for inclusion for the first time this quarter. Strategy posted $14 billion in operating income and $10 billion in net income for the second quarter 2025 — eye-popping figures that met the S&P’s requirements. The source of the profit — a sharp rise in the price of bitcoin — likely didn’t set well with the selection committee, which surely was aware that BTC can also move in the opposite direction.

MSTR was down 1.5% in late morning U.S. action.

Appearing on CNBC Monday morning, Strategy CEO Michael Saylor said he hadn’t expected immediate inclusion. “I don’t think we expected to be selected on our first quarter of eligibility,” he said. “We figured it’ll happen at some time.”

Benchmark analyst Mark Palmer echoed that sentiment, writing that Strategy “does not need S&P’s approval as validation of its operating model, as the market scoreboard has already provided it in emphatic fashion.”

TD Cowen analyst Lance Vitanca called the committee’s decision unsurprising. “Inclusion was never central to our investment thesis, though it remains a potential positive catalyst,” he wrote.

Some observers speculate that the committee may be hesitant to include a company so heavily tied to bitcoin. Vitanca addressed the possibility directly, writing: “To the extent the Committee is instead acting on deeper, philosophical, political, or economic concerns, these may be assuaged over time.”

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September 8, 2025 0 comments

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Strategy Buys $217 Million More In Bitcoin After S&P 500 Snub

by admin September 8, 2025

In brief

Strategy has purchased 1,955 BTC for $217.4 million at $111,196 per coin, following Friday’s S&P 500 rejection.
The company now holds 638,460 BTC worth $71.5 billion, achieving “BTC Yield of 25.8% YTD 2025” for shareholders.
Japan’s Metaplanet also bought 136 BTC for $15.2 million Monday, continuing the global corporate buying trend.

Michael Saylor’s Strategy Inc. announced Monday it acquired 1,955 BTC for $217.4 million at an average price of $111,196 per Bitcoin, days after being passed over for S&P 500 inclusion.

The Virginia-based company, formerly known as MicroStrategy, now holds a massive 638,460 BTC worth approximately $71.5 billion at current prices, maintaining its spot as the world’s largest public corporate Bitcoin holder.

The purchase came just days after Strategy was snubbed from the S&P 500 index despite strong results in Q2, while Robinhood took the spot, with its stock jumping 7% as Strategy fell nearly 3% in after-hours trading on Friday.

QCP Capital noted in its latest report that Bitcoin’s ability to maintain levels above $110,000 “despite Strategy’s exclusion from the S&P500” demonstrates “resilience.”

Bitcoin is trading around $112,000, gaining 0.9% in the past 24 hours, according to CoinGecko.

Strategy’s latest purchase has delivered a “BTC Yield of 25.8% YTD 2025” for shareholders, according to its Form 8-K filing.

The company funded Monday’s purchase through its at-the-market offering programs, selling 591,606 common shares for $200.5 million in net proceeds alongside preferred stock sales totaling $16.9 million during the September 2-7 period.

The move follows similar acquisitions by other major corporate Bitcoin holders with Japan’s Metaplanet Inc. announcing Monday it purchased 136 BTC for $15.2 million, bringing its total holdings to 20,136 BTC.

Meanwhile, El Salvador marked the fourth anniversary of its Bitcoin legal tender law by purchasing 21 BTC on Sunday, continuing its daily Bitcoin accumulation strategy.

“Bitcoin treasury companies have now accumulated over a million BTC and as they continue to buy and grow, it will provide a very strong buying base for the asset,” Pranav Agarwal, independent director at Jetking Infotrain India—the country’s first listed Bitcoin treasury company, previously told Decrypt.

Strategy’s stock (MSTR) closed today at $335.87 (+2.53%) and is trading lower in pre-market at around $329.20, according to Google Finance.

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September 8, 2025 0 comments

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Lion Group bets on Hyperliquid as it converts SOL and SUI to HYPE

by admin September 8, 2025

Lion Group Holding, the Nasdaq-listed trading platform operator, is making a huge bet on Hyperliquid as it announces a reallocation of its Solana and Sui assets.

Summary

Lion Group Holding Ltd. plans to convert its Solana and Sui assets to Hyperliquid’s HYPE.
The company says its move aligns with desire to tap into Hyperliquid’s growth potential following BitGo’s integration of HyperEVM

In an announcement on Monday, Lion Group said it’s taking a fresh bet on Hyperliquid (HYPE),the decentralized exchange platform that has recently attracted significant attention. Specifically, Lion Group Holding Ltd., which offers an all-in-one trading platform that includes over-the-counter stocks, options, and futures, will reallocate all of its current holdings of Solana (SOL) and Sui (SUI) assets to HYPE.

To accomplish this, the company will adopt an accumulation strategy by which it converts all of its SOL and SUI tokens into HYPE. Lion Group plans to undertake this over the coming months, with its decision to pivot to a Hyperliquid treasury strategy coming amid an institutional milestone for the DEX platform, with crypto custody firm BitGo enabling HyperEVM custody for users in the United States.

“We believe Hyperliquid represents the most compelling opportunity in decentralized finance, with its on-chain order book and efficient trading infrastructure,” Wilson Wang, chief executive officer of LGHL, said. “By shifting our holdings from SOL and SUI to HYPE through a disciplined accumulation process, we aim to enhance portfolio efficiency and position the company for sustained growth in the crypto sector.”

Tapping into Hyperliquid’s growth potential

BitGo announced support for HyperEVM in late August, noting that the expansion effort will allow qualified users to tap into BitGo’s custody services to benefit from the growth potential of HyperEVM. One of the key assets in this ecosystem is HYPE, a token that is getting new attention after Hyperliquid revealed plans for its native stablecoin.

According to LGHL, the move to shift SOL and SUI into HYPE will allow it to optimize its crypto portfolio by leveraging Hyperliquid’s potential as a high-performance layer-1 blockchain. Hyperliquid is also a leading decentralized perpetual futures exchange.

Lion Group will take advantage of market volatility to accumulate HYPE at the best prices. The token currently trades around $51.90.

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September 8, 2025 0 comments

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EasyJet Founder to Launch Low-Cost Crypto Platform

by admin September 8, 2025

Stelios Haji-Ioannou, Founder of EasyJet, is entering the cryptocurrency market with a new platform called EasyBitcoin. The platform is set to launch this month, and comes after a brand licensing deal with the regulated trading platform Uphold.

As per a Bloomberg report, Haji-Ioannou said he is starting EasyBitcoin because the cryptocurrency market has become mainstream, especially after U.S. President Donald Trump’s second election. Even so, he believes high trading fees are a problem and wants to lower them through competition.

Currently, crypto trading is dominated by a few big exchanges, like Binance, which have little reason to reduce fees. Haji-Ioannou said people will buy and sell Bitcoin anyway, so it makes sense to provide a platform that is fairer, more transparent, and cheaper for everyone.

This is the latest business under Haji-Ioannou’s “easy” brand, which already includes airlines, gyms, hotels, storage, coffee shops, and pet travel. Usually, he licenses the brand to other companies and earns royalties. He believes EasyBitcoin will bring competition to crypto trading and lower fees.

Haji-Ioannou established EasyJet in 1995, when he introduced low-cost air travel to Europe. Even though he quit the board in 2010, his family retains 15% ownership of the airline. EasyJet’s share price has fallen in 2025 owing to increased fuel prices, strikes, and airport charges, but Haji-Ioannou insists he’s not parting with his shares.

Also Read: Itaú Asset Deepens Crypto Push With New Dedicated Division

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September 8, 2025 0 comments

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XRP Plummets 70% in Payments Number: No One Needs It?

by admin September 8, 2025

With XRP trading around $2.87 and awaiting a possible breakout above $2.91, the price chart has been displaying renewed strength. The asset may move closer to the $3.00-$3.08 range, where the 50-day moving average stands as resistance, if buying volume continues. With the $2.77 support remaining strong, and market sentiment beginning to change in a more positive direction, bulls are subtly regaining ground from a technical perspective.

Source: XRP Scan

There is a far more concerning fundamental trend beneath this short-term optimism, though, as XRP’s payments activity has dropped by more than 70% in the past month. On Sept. 8, 2025, there were only 221,000 daily transactions made between accounts, down from over 750,000 in early August, according to XRP Ledger metrics. The fundamental usefulness of the token is seriously called into question by this decline.

Why payments matter

XRP is primarily focused on payments, in contrast to Ethereum or Solana, which have flourishing DeFi ecosystems, NFT markets and decentralized applications. Fast and inexpensive account-to-account transactions are its main selling point. There are fewer entities utilizing the network for its intended purpose, as indicated by the key metric cratering. Reduced remittance activity, waning institutional interest, or a shift toward alternative solutions could all be reasons for the steep decline.