Author: NBTC
Since the Pectra upgrade was activated on May 7, many users have scrambled to enable EIP-7702 smart accounts, unaware of the risks attached. The upgrade enables Externally Owned Accounts (EOAs) to briefly act as smart contract wallets by delegating control via a signed message. While the feature enhances user experience, the EIP-7702 has also exposed users to new security risks that require urgent attention. Top 7702 delegator is allegedly a phishing scam According to GoPlus Security, on-chain data from bundlebear.com has revealed over 10k addresses using smart accounts. GoPlus found that once users authorize the malicious delegator address, any ETH…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Assets whipsawed to start the week as investors weighed growing concerns over US debt, a new budget that looks poised to pass and, of course, ongoing trade war updates. US equities were on the recovery path after a rocky start Monday morning. The S&P 500 was trading virtually flat at 2 p.m. ET after opening almost 1% lower. The Nasdaq Composite similarly had rebounded to Friday’s closing level after starting off 1.3% in the red. Bitcoin dipped this morning, but it had recovered some losses by…
A recent piece has highlighted the incredible role the Shiba Inu team has played in sustaining the SHIB ecosystem and keeping Ryoshi’s legacy. Ryoshi created Shiba Inu in August 2020 as a decentralized ERC-20 token without presales, VC funding, or massive developer allocation. Five years later, the token has become central to a growing ecosystem despite a change at the helm. For perspective, the pseudonymous creator disappeared in May 2022, leaving the Shiba Inu ecosystem in the hands of the current leaders piloted by Shytoshi Kusama. Since then, the team has led the ShibaArmy to a greater cause than owning…
Kevin O’Leary responded Monday to U.S. Senator Elizabeth Warren’s (D-MA) latest attacks on the Senate’s stablecoin bill, rejecting her claims as “completely deranged” and warning that politicizing the legislation could undermine the U.S.’s position in global finance. “She’s confusing politics with progress, and this time, it could cost America dearly,” the Shark Tank investor and entrepreneur tweeted Monday. He added that, “This bill has nothing to do with Trump or meme coins.” Elizabeth Warren is at it again… She’s confusing politics with progress, and this time, it could cost America dearly. Her latest rant? She’s calling stablecoin legislation a “Trump…
Get ready for some eye-popping numbers! The crypto market in South Korea is experiencing significant growth, showcasing robust activity and increasing investor interest. Recent data reveals a substantial surge in crypto trading volume, painting a clear picture of the nation’s expanding digital asset landscape. What Does the Latest South Korea Crypto Data Show? According to a recent study by the Financial Services Commission (FSC), South Korea’s crypto market saw a remarkable increase in activity during the latter half of 2024. The study, covering the period from July to December, provides concrete figures on trading volume and market capitalization. Total Trading…
BlackRock revealed its Bitcoin-related holdings, primarily tied to its multi-billion-dollar investments in Strategy. Major financial institutions are steadily building their Bitcoin (BTC) positions. According to BlackRock’s form 13F filing, detailing its institutional holdings for the first quarter of 2025, the asset manager held $5.4 billion in Bitcoin-related equities in the United States. 🔥 BLACKROCK’S 13F FILING SHOWS $5.4B+ IN BITCOIN-RELATED HOLDINGS!!!GIGA BULLISH!!! pic.twitter.com/Qm9QXFVKZM — Kyle Chassé / DD🐸 (@kyle_chasse) May 5, 2025 The vast majority of these assets come from BlackRock’s exposure to Michael Saylor’s Strategy, which is currently the biggest Bitcoin holder. The company makes leveraged Bitcoin buying the…
Crypto traders are betting big on ether ETH$2,515.30 in the wake of the recent rally.Last week, block traders, typically institutions and large players, executed bull call spreads on ether, purchasing the $3,500 call options while simultaneously shorting an equal number of calls at the $6,000 strike, both set to expire on Dec. 26. Traders executed the strategy via over-the-counter platform Paradigm, which was later listed on crypto exchange Deribit. Traders executed 30,000 contracts of the $3,500/$6,000 call spreads across 10 separate trades, spending just over $7 million in initial debt/cost. The strategy will yield the highest profit if ether rises…
U.S. stocks were little changed Monday as investors reacted to Moody’s Ratings stripping the U.S. of its last triple-A credit grade and lawmakers advancing a tax bill expected to add significantly to federal deficits. The S&P 500, coming off a five-day winning streak, rose slightly, while the Nasdaq Composite rose 0.01%. The Dow Jones Industrial Average rose 0.3%, with support from a rebound in UnitedHealth Group shares. Moody’s late Friday downgraded U.S. debt to AA1, citing “persistent, large fiscal deficits” and higher interest costs. The move came as the House Budget Committee approved a tax-and-spending plan from President Trump that…
Ripple teams with local groups to test blockchain traceability and credit tools for 300 Colombian farmers. Farmers use QR codes to track panela crops, sell transparently, and repay loans after harvest. Ripple, in partnership with Colombian agriculture technology company WËIA and venture arm Mercy Corps Ventures, has launched a six-month pilot that is designed to reshape agricultural finance and traceability for small farmers in Colombia. The initiative is XRP Ledger-powered and is set to impact 300 farmers, providing a blockchain-powered supply chain model that could solve long-standing problems in the agriculture sector. Excited to launch our latest Ripple Impact collaboration…
Since President Donald Trump’s return to office, state-level Bitcoin reserve proposals have increased significantly across the United States. Trump’s campaign emphasized a national Bitcoin stockpile, sparking legislative interest in digital assets at the state level. Although federal action remains limited, several states are now acting independently to integrate Bitcoin into public financial policy. These efforts have led to a mixed landscape, with some states passing legislation, others considering similar measures, and several rejecting such proposals outright. Texas Advances Bitcoin Reserve Bill to House Floor Texas has made major progress on its strategic Bitcoin reserve legislation. On May 7, the House…