This week, the crypto world is full of interesting dynamics, from sluggish market movements to various sensational incidents. Let's take a closer look!
📉 Crypto Market: Sluggish But Still Breathing
The crypto market faced pressure this week, triggered by the downgrade of the US credit rating by Moody’s, which sparked a risk-off sentiment among investors.
Current Crypto Prices:
> Bitcoin (BTC): $103,625
> Ethereum (ETH): $2,509.13
> BNB: $645.68
> XRP: $2.38
> Cardano (ADA): $0.756
Although the market is sluggish, some altcoins like $JUP, $DEXE, and $REZ are showing promising growth.
🔐 Security: Attacks and Data Breaches
Coinbase experienced a data breach affecting less than 1% of its 9.7 million monthly users. This breach occurred after an overseas customer support agent was forced to leak sensitive user information. Coinbase estimates remediation and replacement costs between $180–400 million.
Physical Attacks on Crypto Figures: A wave of physical attacks on crypto figures has occurred, including kidnapping and torture, aimed at forcing crypto transfers. A case in France involved finger severing to demand a ransom.
🧠 Industry: Expansion and New Trends
Wintermute opened an office in New York and hired former Ripple manager Ron Hammond as head of policy and advocacy. This move aims to strengthen engagement with US regulators amid a more favorable regulatory climate under the Trump administration.
The 'Rug Pull' Trend: Crypto scams targeting teenagers through meme coins are on the rise. Influencers promote coins with promises of high profits, then sell their holdings en masse, causing the coin's value to plummet and investors to incur losses.
🇮🇩 Crypto News Indonesia
Binance and Kraken successfully thwarted social engineering attacks targeting their platforms.
Solana (SOL) faces strong resistance above the $170 level, which will determine the next movement direction.
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