Connect with us

Crypto World

Fake Claude app targets 50+ crypto wallets with RevStealer

Published

on

Hyperdrive introduces a way to use predictable leverage markets for crypto

A fake Claude desktop application has distributed RevStealer malware designed to steal data from more than 50 cryptocurrency wallets, password managers, and web browsers on Windows computers.

Summary

  • RevStealer is hidden inside a fake “Claude Opus 5 Free Desktop” application.
  • The malware targets more than 50 crypto wallets and 12 password managers.
  • System checks prevent the payload from running in some virtual machines and analysis environments.
  • RevStealer sends stolen data in encrypted records before deleting itself from the device.

Fake Claude app conceals RevStealer payload

Cybersecurity company Morphisec said in an Aug. 31 report that RevStealer is being delivered through a trojanized Electron application presented as “Claude Opus 5 Free Desktop,” which uses Anthropic’s branding and offers free access to its paid artificial intelligence model.

Before appearing under the Claude name, the malware was distributed through GitHub repositories and websites advertising video game cheats, according to Morphisec Threat Labs. The researchers identified the Claude-themed GitHub project as the most notable example because it used interest in paid AI tools to encourage people to install unverified software.

Advertisement

The download arrives as an archive of about 101 megabytes containing a 64-bit Electron application. Although victims expect a working Claude interface, Morphisec found that the program opens no visible window and instead prepares an encrypted native payload in the background.

RevStealer’s loader stores the payload as an AES-256-CBC-encrypted resource inside the application. After clearing its initial checks, it decrypts the file, writes it under a random name in the Windows AppData directory, and launches the malware without displaying a window.

At the same time, the loader attempts to add the user’s AppData folder to the Microsoft Defender exclusion list. Morphisec said the process is designed to limit the evidence left on the device while allowing the malware to collect and transmit information quickly.

Advertisement

RevStealer checks the computer before running

Rather than immediately releasing its main payload, RevStealer first examines the computer for signs that security researchers are watching it. The loader requires at least 2 gigabytes of physical memory, two logical processor cores, and a recognized graphics adapter, according to Morphisec.

Hostname and username checks compare the device against a blocklist associated with research systems. A separate timing test measures the delay around a JavaScript debugger instruction, wiping the malware’s encoded string table when execution pauses for more than about 100 milliseconds.

The native stage conducts another 10 checks that produce a weighted anti-virtual-machine score. It also examines the computer’s language settings and shuts down on systems configured for Russian, Ukrainian, and several Central Asian languages.

Automated analysis faces another barrier through a CAPTCHA window, which requires interaction before the infection can continue. If the device fails one of the early checks, the loader does not decrypt or expose the payload, leaving researchers with less malicious activity to examine.

Advertisement

Once running, RevStealer resolves Windows application programming interfaces without using a standard import table. Morphisec also identified 14 indirect system-call wrappers that allow the malware to reach the Windows kernel while avoiding exported functions commonly monitored by security products.

“Every stage of it is engineered around the assumption that something is watching,” Morphisec researcher Shmuel Uzan wrote.

RevStealer targets crypto wallets and account sessions

On an accepted device, RevStealer searches browser databases, encryption keys, and extension storage for information that can provide access to online accounts. Morphisec confirmed that its collection list includes Windows Credential Manager, 12 password managers, more than 50 cryptocurrency wallets, and browser session cookies.

The malware also looks for VPN configurations, remote-access credentials, clipboard contents, messaging application data, selected documents, screenshots, game launchers and OBS streaming profiles. Information collected from each source is placed in an encrypted, typed record before being sent to the operator’s command-and-control server.

Advertisement

Stolen browser cookies can expose an account even when the owner uses multi-factor authentication. If a valid session has already passed the login process, a criminal may be able to reuse the cookie instead of supplying the victim’s password and second authentication factor, according to cybersecurity researchers cited in previous malware reporting.

RevStealer can also recover an alternative server address from a smart contract on the Polygon blockchain when its main command-and-control server becomes unavailable. Morphisec said the method lets its operators change infrastructure without rebuilding and redistributing the malware.

Unlike malware that creates scheduled tasks or startup entries to remain on a computer, RevStealer does not establish persistence. The program collects the available information, sends it to its operators, and removes itself.

Morphisec described the operation as a “single short burst of theft,” warning that the credentials, cookies and wallet material may already be gone by the time a detection system produces an alert for review.

Advertisement

Fake software remains a common crypto malware lure

The Claude impersonation follows several campaigns in which attackers packaged credential-stealing tools as familiar applications, entertainment files, or software updates.

In August, crypto.news reported that fake downloads of The Odyssey were delivering Lumma Stealer through Windows executable files disguised as 1080p, WEBRip, and Blu-ray movie releases. Bitdefender said the malware could collect cryptocurrency wallet data, saved passwords, payment information, browser cookies, and remote-desktop credentials.

A separate July campaign used lookalike meeting pages and compromised Telegram accounts to target crypto workers. According to reporting on fake meetings, North Korea-linked BlueNoroff operators scanned browsers for Ethereum and Solana wallets before presenting some victims with false Zoom or Microsoft Teams updates.

JUMPSEC found that the meeting campaign covered both Windows and macOS devices. On Windows, its PowerShell loader added a Microsoft Defender exclusion, while the macOS version collected system information and Chrome master keys from Apple’s Keychain.

Advertisement

Kaspersky identified another modular malware framework in July that used fake recovery screens, keylogging, and clipboard monitoring against cryptocurrency investors. The company said OkoBot’s 20 modules could capture wallet recovery phrases, passwords and copied wallet addresses, with affected users found in Brazil, Vietnam, Canada, Mexico and Turkey.

OkoBot’s SeedHunter component showed victims a false recovery interface associated with Ledger and Trezor devices, according to Kaspersky. Any recovery phrase entered into the screen was sent to the malware operators, while another module recorded open wallet windows.

U.S. authorities have tracked similar information theft

For users in the United States, the RevStealer report follows federal action against LummaC2, another malware service used to collect credentials and cryptocurrency wallet information.

The U.S. Justice Department said in May 2025 that LummaC2 had been used in at least 1.7 million information-theft incidents. Federal authorities seized five internet domains supporting the operation, while Microsoft said it helped disrupt about 2,300 domains that formed part of the malware’s infrastructure.

Advertisement

“Malware like LummaC2 is deployed to steal sensitive information such as user login credentials from millions of victims in order to facilitate a host of crimes, including fraudulent bank transfers and cryptocurrency theft,” Matthew Galeotti, then-head of the Justice Department’s Criminal Division, said at the time.

The Justice Department said the malware was sold through online forums and a Telegram channel, allowing customers to buy access and run their own theft campaigns. Court-authorized seizures redirected the five main domains to government-controlled pages, while the department said foreign and domestic partners assisted with the disruption.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Solana’s 7% Pullback Isn’t Slowing Demand: Here’s the $150 Setup

Published

on

Solana was trading near $102 on Tuesday, down more than 7% from its recent seven-month high of nearly $110. The recent price weakness has not stopped signs of stronger demand from building across the network.

According to Ali Martinez, Solana recorded an average of 9.5 million new addresses per day over the past week, a level of growth the analyst considers an important adoption signal and one that has historically preceded major rallies.

Bullish Factors

Larger investors are also becoming more active. Wallets holding at least 10,000 SOL rose 1.58% after adding 52 new whale wallets to the network. At the same time, US spot Solana ETFs extended their streak of weekly net inflows to nine weeks. These funds attracted almost $154 million in capital last week. Interestingly, Bitwise’s Solana Staking ETF, BSOL, recently surpassed $1 billion in assets under management within 10 months.

Meanwhile, exchange balances are moving in the opposite direction, as seen with SOL held on exchanges dropping 4.91% after the withdrawal of roughly 2.6 million tokens over the past week. Martinez stated that $103 is an important support level, since it’s backed by 39 million SOL acquired there. The next hurdles are $123 and $132, each tied to about 20 million SOL in previous purchases.

Advertisement

Holding support and breaking those two levels could set up a move toward $150.

A similar sentiment was echoed by crypto investor Batman, who said that Solana may be entering a stronger bullish phase after breaking out of a major accumulation structure. But he expects SOL to retest the $83-$85 zone and believes a successful hold there could eventually push the asset toward $150 or higher.

Another market watcher, Gerla, believes the asset could be preparing for a much larger move after breaking its downtrend. He flagged the formation of higher lows, which suggests that the market may be entering a reaccumulation phase. If the structure remains intact, Gerla said that Solana could target $300 or higher as the next major expansion zone.

Other Key Developments

Solana saw several major developments this week. This includes the conclusion of its first binding on-chain governance vote, which was followed by a 25% increase in network speed, taking slot times from 400ms to 300ms. Separately, Charles Schwab announced plans to add SOL to Schwab Crypto Direct.

Advertisement

Additionally, Solana’s RWA holder base also crossed 350,000, while xStocksFi topped $500 million in AUM across more than 700 tokenized assets. Tokenized commodities on the network also reached a record $50 million in supply, and Solana became the leading network by total x402 transaction volume.

The post Solana’s 7% Pullback Isn’t Slowing Demand: Here’s the $150 Setup appeared first on CryptoPotato.

Source link

Advertisement
Continue Reading

Crypto World

Robert Kiyosaki Is $1.2 Billion in Debt: Is His Bitcoin at Risk?

Published

on

Bitcoin Price Performance. Source: BeInCrypto

Robert Kiyosaki says he owes $1.2 billion. The “Rich Dad Poor Dad” author borrowed that money against apartment buildings, not against the Bitcoin (BTC) and gold he promotes to millions of followers.

His former wife and business partner, Kim Kiyosaki, said the figure covers borrowing shared with partners across roughly 1,500 units. Her account puts his own exposure far below the headline.

The $1.2 Billion Is a Partnership Total

Kiyosaki has repeated the number all summer, most recently on the “Get Rich Education” podcast.

“So, I’m a billion two in debt,” the New York reported, citing Kiyosaki.

Follow us on X to get the latest news as it happens

Advertisement

Vanity Fair, whose profile the Post drew on, put his personal share nearer $30 million to $60 million, working backward from his claim of about $3 million in yearly income. That is a fraction of the figure he advertises.

The mechanics are ordinary multifamily finance. When a building appreciates, the owners refinance, and the cash arrives untaxed because nothing was sold. Each deal also sits inside its own limited liability company (LLC), so trouble at one property does not travel to the rest.

Not everyone reads that as safety. John Poole, founder of the Scottsdale consultancy JPTD Partners, told the Post that borrowed money behaves very differently once prices stop climbing.

“Leverage works beautifully on the way up, and if it’s not continuing on that way up, then it’s like a chainsaw financially coming down,” the Post added, citing John Poole of JPTD Partners.

Bitcoin and Gold Sit on the Other Side

The debt story lands awkwardly because Kiyosaki spends most of his airtime telling followers to hold gold and Bitcoin rather than dollars. In July he named Bitcoin and Ethereum beside gold as his own defense against a currency he calls fake.

Advertisement

Those holdings are not the collateral. BTC, which trades near $77,425 after slipping 1.8% in a day, secures none of the loans described in the reporting. The mortgages sit on brick and rent rolls.

Bitcoin Price Performance. Source: BeInCrypto
Bitcoin Price Performance. Source: BeInCrypto

That leaves a tension he rarely addresses. He warns that cheap credit will break the system, even as US borrowing nears $40 trillion, while running a portfolio that depends on the same credit staying available.

History gives the caution some weight. One of his companies, Rich Global LLC, filed for Chapter 7 in 2012 after losing a judgment, according to ABC News.

Refinancing keeps working while rents cover payments and lenders keep lending. Will Kiyosaki’s followers really understand which half of his message carries the risk?

The post Robert Kiyosaki Is $1.2 Billion in Debt: Is His Bitcoin at Risk? appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading

Crypto World

Former US Rep. George Santos Banned From Kalshi for Life After Betting on Himself

Published

on

Prediction-market exchange Kalshi has permanently banned former US Rep. George Santos from accessing the platform after its Compliance Department found “reasonable cause to believe” that he engaged in insider trading and market manipulation.

The lifetime ban, effective August 28, 2026, is the first permanent penalty of its kind imposed by Kalshi on a user.

Penalty and Lifetime Ban

According to the official compliance document, Santos traded in markets linked to whether he would attend the State of the Union address on February 24, despite being prohibited from trading in those markets because he was capable of influencing the outcome of the underlying event. Kalshi said Santos placed a series of large trades between February 2 and February 25 in contracts whose results depended on his own attendance.

The platform said Santos materially benefited from the activity and earned $17,839.57 from the targeted markets. Alongside the permanent suspension of direct and indirect access to the exchange, the Compliance Department has also imposed a $71,356 penalty.

Advertisement

In response to the development, Santos took to X to attack Kalshi and accused the latter of violating its own notices and deadlines. He said that the August 7 notice allegedly gave his side 30 days before the latest action, as he questioned why the exchange had announced “frivolous nonsense” before that period was over.

“Leaking and attention seeking seem to be the M/O of this organization. Pathetic!”

The action comes after a settlement Santos reached last month with the Commodity Futures Trading Commission, which has said it has jurisdiction over prediction markets. He agreed to pay $35,000 under the settlement but did not admit or deny the agency’s findings. His counsel, Joseph W. Murray, said Santos cooperated with the CFTC.

The former congressman was expelled from the House of Representatives in 2023 after facing federal charges. In April 2025, he was sentenced to more than seven years in prison after pleading guilty to wire fraud and identity theft. In October of that year, Trump announced that he had commuted the sentence, and Santos was released after serving less than three months.

Kalshi had previously suspended three US political candidates after finding they bet on election outcomes they were directly involved in, while calling the activity “political insider trading.”

Advertisement

More Heat on Prediction Markets

Prediction-market platforms face growing scrutiny from regulators and lawmakers. Last month, Baltimore officials sued Kalshi and Polymarket, alleging that their sports prediction contracts amount to unlicensed sports betting and can mislead consumers about their legal and regulatory status.

Meanwhile, Kalshi is also fighting a lawsuit from New York Attorney General Letitia James. The exchange has separately faced a lawsuit from FlightAware over flight-related markets, although that case was withdrawn shortly after being filed.

The post Former US Rep. George Santos Banned From Kalshi for Life After Betting on Himself appeared first on CryptoPotato.

Source link

Advertisement
Continue Reading

Crypto World

Trade Talks Can Start When Memes Stop, Canadian PM Warns Trump

Published

on

Top 5 Trump News That Moved Markets This Week

Canadian Prime Minister Mark Carney said trade talks with the United States will restart on one condition. American officials must stop posting memes and start being serious.

He spoke in Ottawa on Tuesday. Canada’s retaliatory tariffs land in one week, and neither side has booked a meeting since talks collapsed in August.

Why US-Canada Trade Talks Collapsed

Canada walked out on August 21 and called its negotiators home. Carney said Washington wanted Canadian industries turned into subsidiaries of US firms, or wound down. He refused.

The US hit back a day later with 50% tariffs on Canadian goods worth roughly $20 billion. That number sounds big, but it only covers about 5% of the $382 billion Canada shipped south last year, US Census Bureau data shows.

Advertisement

To do so, the White House invoked Section 338 of the Tariff Act of 1930. The law lets a president hit countries that discriminate against US exporters. No president had ever used it.

The choice was forced. In February, the Supreme Court struck down Trump tariffs built on a 1977 emergency law. Section 338 caps duties at 50%, so Trump took the ceiling.

“This law is literally a blank canvas because it’s never been litigated,” noted Ryan Majerus, partner at law firm King & Spalding and a former US trade official.

Follow us on X to get the latest news as it happens

Advertisement

The Meme War Now Sets the Tone

Trump signed an order on August 27 renaming Lake Ontario “Lake America” for US government use. He then posted an AI video of armed Canada geese wearing his hairstyle. Treasury Secretary Scott Bessent mocked Canada’s navy on CNBC.

Canada and the rest of the world reject the change and still call it Lake Ontario.

“When the Americans stop doing memes, stop throwing shade, stop trying to be tough and start being serious about having those discussions, we can have those discussions,” said Carney on Tuesday in Ottawa.

Canada’s reply arrives September 8, taxing more than 700 US products and covering C$27.6 billion in trade.

Advertisement

The costs are real, considering softwood lumber duties on Canadian imports now total 45%, the National Association of Home Builders says.

Whether those September 8 duties hold, or become a bargaining chip, will signal more than any post.

The post Trade Talks Can Start When Memes Stop, Canadian PM Warns Trump appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading

Crypto World

Binance adds options on 1,000 US stocks and ETFs to deepen TradFi push

Published

on

Crypto Breaking News

Binance is widening its push into traditional markets by adding options trading tied to more than 1,000 US stocks and exchange-traded funds (ETFs) for eligible users located outside the United States. The rollout uses Binance’s Abu Dhabi-regulated broker-dealer, Nest Trading, while trades are routed to US-registered Alpaca Securities for execution, clearing, settlement, and custody.

The move extends Binance’s existing equities offering, which already covers over 7,000 US stocks and ETFs. Importantly for users comparing products, Binance says the options are physically settled—meaning exercising the contracts results in delivery of the underlying shares, rather than cash or equity-linked perpetual exposure.

Key takeaways

  • Binance will offer options on more than 1,000 US stocks and ETFs to eligible non-US users, expanding beyond its current equities lineup.
  • Execution, clearing, settlement, and custody are handled via US-registered Alpaca Securities, with product distribution through Nest Trading in Abu Dhabi.
  • The options are physically settled, delivering or receiving underlying shares upon exercise.
  • Binance points to a sharp rise in traditional-finance derivatives activity on its platform, citing August volume of about $433 billion for TradFi perpetual futures.
  • The broader “tokenized securities” trend continues to grow, with RWA.xyz data showing tokenized stocks at about $2.6 billion in distributed value.

Binance adds physically settled options for eligible users outside the US

Binance’s latest expansion targets a segment of traders and hedgers who want listed equity exposure with options’ payoff structure. The company’s announcement frames the update as part of an accelerating shift toward traditional finance tools on crypto exchanges, while also emphasizing operational routing through regulated entities.

Under the plan described by Binance, Nest Trading—licensed as a broker-dealer in Abu Dhabi—will provide the options offering. Orders then go to Alpaca Securities for the steps that typically require local market infrastructure: execution, clearing, settlement, and custody.

That structure matters because options trading is operationally complex and heavily dependent on established market plumbing. Binance’s approach effectively bridges its platform access with US securities-market processes, at least for how orders are finalized and where custody is maintained.

Advertisement

Binance also highlighted that, unlike equity-linked perpetual futures, these options are physically settled. For users, that difference is not cosmetic: physically settled contracts tie the end result to actual share delivery, which can affect strategy design, capital planning, and how positions are managed around exercise and settlement.

Traditional derivatives activity on Binance continues to climb

Alongside the product announcement, Binance cited demand signals from its existing derivatives suite. The company said trading in traditional financial products has increased, pointing specifically to TradFi perpetual futures volume of about $433 billion in August—roughly 15 times January’s total.

While the update is about options availability, Binance’s volume comparison is relevant to investors and traders because it suggests that the platform’s traditional-finance expansion is already pulling meaningful participation. The company’s decision to add options can be interpreted as a response to that engagement: if perpetual exposure is drawing liquidity and usage, adding options may offer more hedging and risk-management capabilities without asking users to leave the exchange ecosystem.

Still, traders should keep expectations grounded. The cited volume figures refer to TradFi perpetual futures, not options volume. The options rollout may attract different behavior—especially for participants who prioritize exercise outcomes and settlement mechanics—so it may take time before Binance’s options markets display the same liquidity profile as its perpetual products.

Advertisement

Tokenized equities keep gaining traction across major exchanges

Binance’s expansion lands amid a wider push by crypto-native firms and traditional brokers into tokenized securities infrastructure. According to RWA.xyz data, tokenized stocks now have about $2.6 billion in distributed value, up from roughly $346 million in the same period a year earlier. The same dataset shows monthly transfer volume rising 93% over the past 30 days to $25.1 billion, alongside a 157% jump in the number of holders to nearly 2.5 million.

These indicators are meaningful because they reflect both growth in asset representation onchain and increased network activity around transfers. In practice, that can improve the usability of tokenized equities—supporting more frequent settlement and more participants accessing the same onchain assets.

Binance’s options addition also fits a broader pattern: multiple venues have been moving toward tokenized equities access for non-US markets, expanding the number of tradable symbols and improving availability windows.

Recent competition: Coinbase, Kraken, and Robinhood expand tokenized equities access

Last week, Coinbase introduced its B20 tokenized equities offering on Base, aiming to give eligible non-US users around-the-clock access to onchain versions of major US companies including Apple, Nvidia, Meta, and Alphabet. Coinbase’s framing also emphasizes interoperability, noting that tokenized assets can be used in DeFi protocols for functions such as trading and collateralized borrowing—an area where onchain distribution can differ from conventional brokerage settlement.

Advertisement

Separately, Kraken expanded its equities reach in August by opening access to more than 7,000 US-listed stocks for eligible European customers, pairing the new offering with its existing lineup of tokenized xStocks. The emphasis here, like other tokenized equities strategies, is scale: more symbols, more customers, and more continuous access can raise the utility of onchain wrappers for traditional assets.

Earlier in the year, Robinhood launched Robinhood Chain and introduced a new generation of Stock Tokens, positioning the effort for eligible users across more than 120 countries. That move underscored the growing interest from consumer- and broker-style platforms in building their own onchain securities rails rather than relying only on existing tokenization partnerships.

Together, these developments highlight a key industry tension: while crypto exchanges and tokenization providers talk about 24/7 access and broader composability with DeFi, the underlying regulatory and settlement requirements still constrain where certain products can be offered and how they settle. Binance’s physically settled options structure—paired with routing to US-registered execution and custody infrastructure—illustrates how that balance is being managed in practice.

For market participants, the next things to watch are practical: how quickly Binance’s new options markets attract liquidity, whether physically settled mechanics influence user onboarding compared with equity offerings alone, and how fast onchain equities activity continues to grow given the RWA.xyz indicators. As more venues add traditional instruments to crypto-adjacent platforms, the competitive edge may increasingly hinge on execution quality, settlement reliability, and access for the right jurisdictions rather than on product announcements alone.

Advertisement

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Continue Reading

Crypto World

Why Is Nepal So Vulnerable to Flooding?

Published

on

Why Is Nepal So Vulnerable to Flooding?

That means that the area where the floods occurred has become far more populated than it once was. “They have always had these flooding events,” says Ekström. “It’s just that now we have a lot more people and infrastructure in these steep valleys. What 100 years ago maybe would have killed dozens of people now kills hundreds of thousands of people.”

How can Nepal prepare for future climate disasters?

Nepal lacks early warning systems that might have made evacuations easier. Mathias Vuille, professor of atmospheric and environmental sciences at the University at Albany, SUNY, notes that, in Switzerland, a landslide and glacial collapse buried a small village last year—but only one person was killed thanks to warning systems. 

“We know about the threat, and we’re not completely helpless,” says Vuille. “We can adapt, and while we can’t prevent the process from occurring, we can limit the impacts again, mostly by setting up these warning systems, and having the right plans in place.” 

Advertisement

Source link

Continue Reading

Crypto World

Japan Rate Shock Is Hitting Markets. How Will Bitcoin React?

Published

on

JP30Y Performance Source: TradingView

Japan’s rate shock deepened on Tuesday. The 30-year government bond yield approached its all-time high of 4.205%, last tested in May. Meanwhile, the 10-year reached 3% for the first time since 1996.

The rate hike itself was never the surprise. Markets had nearly fully priced a September move. What nobody saw coming was Washington publicly demanding it, and a bond market that broke anyway.

JP30Y Performance Source: TradingView
JP30Y Performance Source: TradingView

Why Japan’s Rate Shock Is Reaching Global Markets

US Treasury Secretary Scott Bessent met Finance Minister Satsuki Katayama and Bank of Japan (BOJ) Governor Kazuo Ueda at the Group of 20 (G20) finance gathering in Asheville, North Carolina. He pressed for hikes and a clearer fiscal plan.

“I have information that the market doesn’t have, and it’s my belief that the Japanese government and the BOJ will do the things that will lead to a stronger yen,” Bessent said.

Japan’s whole curve gave way, with the two-year hitting a 31-year high, lifting yen carry trade costs that had been near zero for a generation.

Japan’s own budget assumed a 3% long-term rate when it calculated debt-service costs, so Japan’s rising borrowing costs now test that arithmetic.

Other long-end markets moved with it. UK 10-year gilts reached 5.23%, a level last seen in 2008, US 10-year Treasuries traded at 4.78%, and Brent crude climbed above $92 a barrel.

Not everyone reads the selloff as a monetary story. Takahide Kiuchi, a former BOJ board member now at the Nomura Research Institute, framed the 3% print as a verdict on spending under Prime Minister Sanae Takaichi.

“The rise to 3 per cent is a message from the market that could, to some extent, force Takaichi to correct some of her expansionary fiscal policy,” the Financial Times reported, citing Kiuchi.

What a Stronger Yen Would Mean for Bitcoin

Years of near-free yen borrowing funded leveraged bets across equities, bonds, and crypto. Higher Japanese rates make that funding dearer.

Advertisement

The Bank for International Settlements put yen loans to non-banks outside Japan near $250 billion in March 2024, with cross-border yen claims on offshore centers around $500 billion. It cautioned that the true size resists measurement.

When it happened, Bitcoin (BTC) and Ethereum (ETH) shed up to 20% during the August 2024 unwind, as margin calls forced traders to liquidate positions across asset classes.

Bitcoin and Ethereum Price Performance. Source: TradingView
Bitcoin and Ethereum Price Performance. Source: TradingView

Yet the currency has not rallied. The dollar sat near 159.75 yen on Monday, just inside the 160 mark that raises the odds of yen-buying intervention.

Japan’s fading yen defense has held no floor since the July 31 joint operation with Washington.

Advertisement

For officials, the line is 160, but for Bitcoin the trigger is speed rather than level, because the pace of the 2024 appreciation, the sharpest single-day currency move the BIS examined, is what broke the trade.

The BOJ decides on September 18, with markets pricing a quarter-point move to 1.25%. Ueda’s guidance on what follows may matter more to crypto than the hike itself.

The post Japan Rate Shock Is Hitting Markets. How Will Bitcoin React? appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading

Crypto World

Binance Adds Options on 1,000 US Stocks and ETFs

Published

on

Binance Adds Options on 1,000 US Stocks and ETFs

Binance is expanding further into traditional finance by launching options trading on more than 1,000 US stocks and exchange-traded funds for eligible users outside the United States.

The options will be offered through Binance’s Abu Dhabi-regulated broker-dealer, Nest Trading, with orders routed to US-registered Alpaca Securities for execution, clearing, settlement and custody.

The launch builds on Binance’s existing equities offering of more than 7,000 US stocks and ETFs and adds to a growing lineup of traditional financial products available through the platform.

Unlike equity-linked perpetual futures, the options are physically settled, meaning users who exercise them receive or deliver the underlying shares.

Advertisement

According to Binance, the expansion comes as trading in traditional financial products on the platform has accelerated, with TradFi perpetual futures volume reaching about $433 billion in August, roughly 15 times January’s total.

Related: Binance says employees questioned in UAE cleared and released

Tokenized stock market surges as exchanges expand offerings

As crypto exchanges and traditional brokerages expand into tokenized equities, the onchain stock market has expanded sharply over the past year.

Tokenized stocks now have about $2.6 billion in distributed value, up from roughly $346 million at the same time last year, according to RWA.xyz data. Monthly transfer volume has also climbed 93% over the past 30 days to $25.1 billion, while the number of holders has surged 157% to nearly 2.5 million.

Advertisement

The value of tokenized stocks. Source: RWA.xyz

Last week, Coinbase brought its B20 tokenized equities to Base, giving eligible non-US users 24/7 access to onchain versions of stocks including Apple, Nvidia, Meta and Alphabet. The assets can also be integrated into DeFi protocols for uses such as trading and collateralized borrowing.

Kraken also pushed deeper into equities in August, opening access to more than 7,000 US-listed stocks for eligible European customers and placing them alongside its growing lineup of tokenized xStocks.

In July, US online brokerage Robinhood launched Robinhood Chain alongside a new generation of Stock Tokens available to eligible users in more than 120 countries.

Magazine: Mystery surrounds why an OG burned $1M in Bitcoin

Advertisement

Source link

Continue Reading

Crypto World

Meta Is Catching Google in Ads. Which Stock Does Wall Street Favor?

Published

on

META Stock Performance. Source: yahoo Finance

Meta is closing on Google in advertising. But Wall Street is still backing Alphabet stock.

In Q2, Meta made $59.36 billion from ads, up 27%, its filing shows. Alphabet made $63.27 billion from “Google Search & other,” up 17%. The gap is $3.9 billion. It was almost double last year.

“Meta arguably has seen the largest impact from AI on ad growth and is on track to surpass Google Search this year,” Bernstein analyst Mark Shmulik wrote.

His firm says Meta took nearly half of every new digital ad dollar in the quarter. AI is sharpening recommendations and targeting: Meta served 14% more ads and charged 12% more for each. Google and Amazon are benefiting too.

Note: Meta is competing on the Google Search and Other segment. Total Google advertising revenue was $81.63 billion.

Meta shares have fallen over the past year, while Alphabet climbed.

Advertisement
META Stock Performance. Source: yahoo Finance
META Stock Performance. Source: Yahoo Finance

Why Wall Street Still Doubts the Stock

The easy answer is AI spending.  Alphabet’s spending feeds Google Cloud, which generated $24.8 billion, up 82%. 

Meta has no cloud segment to show investors; its infrastructure returns mostly surface through ads. Investors have been rotating toward Alphabet despite a cash-flow squeeze across Big Tech.

TipRanks shows 38 buys and no sells, with an average target of $752.61.

Meta Platforms (META) Stock Forecast & Price Target
Meta Platforms (META) Stock Forecast & Price Target. Source: TipRanks

Meta’s next test is Business Agent. More than one million businesses use it on WhatsApp and Messenger, with Instagram expansion underway. 

Paid plans are coming. Meta has the faster ad engine. Alphabet has more visible ways to turn AI into cash.

The post Meta Is Catching Google in Ads. Which Stock Does Wall Street Favor? appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading

Crypto World

Bitcoin Slides Below $77,000 After Trump Confirms New Strikes on Iran

Published

on

Bitcoin (BTC) Price Performance. Source: CoinGecko

Bitcoin lost the $77,000 level on Tuesday, September 2, after President Trump confirmed renewed US airstrikes on Iranian targets near the Strait of Hormuz.

The token hit $80,000 just 3 days ago after the US Treasury triggered a sudden bull run. Is that momentum disappearing again?

Bitcoin (BTC) Price Performance. Source: CoinGecko
Bitcoin (BTC) Price Performance. Source: CoinGecko

Trump Confirms New Strikes, Threatens a Larger Response

Trump posted on Truth Social that “the United States is, as we speak, striking Iranian targets near the Strait of Hormuz.”

He described the strikes as large and powerful, framing them as retaliation for a failed Iranian attempt to plant sea mines in the strait, which he said have since been completely removed or detonated.

He also cited eight Iranian missiles launched at a US base in Jordan, all of which he said were intercepted. Trump warned that any Iranian retaliation would trigger a response at a much harder, higher level, adding that this is not the biggest strike, which is waiting in the wings.

Advertisement

Follow us on X to get the latest news as it happens.

The announcement follows US strikes on launchers on Larak Island a day earlier, with Iran responding against bases in Jordan.

Iranian media reported explosions in Qeshm, Bandar Abbas, and other locations across Hormozgan province. These claims, made by one side of an active conflict, have not been independently verified.

Advertisement

Oil and Bitcoin Reacted in Opposite Directions

Oil prices jumped on the news. Brent crude climbed above $91 to $94 a barrel amid fears of fresh disruptions in Hormuz, a waterway carrying a substantial share of global crude supply.

“Brent crude oil has now surged to $94.48/bbl, up 4.1% on the day. The next $5 matters more than the last $5. At ~$95/bbl, oil is still primarily a geopolitical risk story. At $100+, it increasingly becomes an inflation, Fed and equity-valuation story,” one analyst said on X.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights.

Brent Crude Price Performance. Source: X/@BearBullTraders
Brent Crude Price Performance. Source: X/@BearBullTraders

That spike feeds inflation expectations and reduces the odds of near-term US rate cuts, an environment that has historically weighed on risk assets like Bitcoin.

Bitcoin, which closed Monday near $78,500 to $78,900, fell more than 1.3% to 2% during the session. The token remains roughly 29% below its October 2025 all-time high of above $126,000.

Crypto Liquidations Heatmap. Source: Coinglass
Crypto Liquidation Heatmap. Source: Coinglass

Since the US-Iran conflict began in late February, similar escalations have repeatedly triggered selloffs, at times pushing Bitcoin below $77,000 and even toward $62,000.

Spot ETFs continue offering institutional support, though speculative capital still reacts sharply to headlines, leaving $77,000 as the key level to watch as Iran’s response unfolds.

Advertisement

The post Bitcoin Slides Below $77,000 After Trump Confirms New Strikes on Iran appeared first on BeInCrypto.

Source link

Advertisement
Continue Reading

Trending

Copyright © 2025