Author: Yeek.io

As cryptocurrencies and Web3 platforms grow in popularity, so do the methods used by scammers and hackers to exploit users. While phishing emails, fake token giveaways, and malicious browser extensions once dominated the crypto scam space, attackers are now taking a far more invasive and dangerous route: counterfeit smartphones.These fake phones, often marketed as high-end Android devices at steep discounts, come preloaded with malicious software designed to steal crypto credentials, drain wallets, or reroute transactions. Unlike traditional malware that users might accidentally download, these threats are baked into the firmware or pre-installed apps, making them nearly impossible to detect or…

OKB token price could be headed for a reversal following its 200% rally, as sentiment turns negative amid whale sell-offs. Summary OKB surged nearly 200% to an all-time high of $125.88 before retreating to $104.4 as sentiment turned bearish. Santiment data shows negative weighted sentiment and increased short positions. Fibonacci analysis highlights $81.96 as a key support level from current levels. According to data from crypto.news, OKB (OKB), the native token of crypto exchange OKX, rallied nearly 200% to an all-time high of $125.88 yesterday, Aug. 13, with its market cap soaring to $7.4 billion at the time.  However, the…

A compromised device from a North Korean IT worker has exposed the inner workings of the team behind the $680,000 Favrr hack and their use of Google tools to target crypto projects. Summary A compromised device belonging to a North Korean IT worker exposed the inner workings of threat actors. Evidence shows operatives used Google powered tools, AnyDesk, and VPNs to infiltrate crypto firms. According to on-chain sleuth ZachXBT, the trail began with an unnamed source who gained access to one of the workers’ computers, uncovering screenshots, Google Drive exports, and Chrome profiles that pulled back the curtain on how…

Recent portfolio shuffles and asset dumps pointed to its old habits, but the foundation has officially denied involvement in the sales. Summary The Ethereum Foundation has denied selling 2,975 ETH from an ICO-era wallet. Co-executive director says the wallet is no longer under Foundation control despite past connections. Corporate ETH treasuries have surged past $14B, concentrating supply in public company hands. In a recent X post, Ethereum Foundation co-Executive Director Hsiao-Wei Wang debunked claims that the foundation was behind a recent $12.8 million ETH (ETH) sell-off. “It was not the Ethereum Foundation’s operation,” she wrote. Wang’s disclaimer came after on-chain…

Canary Capital has registered the Canary Trump Coin ETF in Delaware, laying the foundation for what could become the first U.S. exchange-traded fund tracking the Official Trump memecoin. Summary Canary Capital registered the Canary Trump Coin ETF trust in Delaware, signaling a possible move toward a U.S. ETF for the Official Trump token. TRUMP price jumped over 10% to $10.13 after news of the registration. On Wednesday, Canary’s registration for the Canary Trump Coin ETF went live on the Delaware State Department’s website.  The filing sets up a statutory trust, the legal structure commonly used to launch crypto ETFs under…

Bitcoin price has hit a new all-time high above $124k, fueled by increasing odds of a Fed rate cut in September, boosted by July’s U.S. CPI reading. Summary Bitcoin hit an alltime high of $124,000 as odds of a Fed rate cut in September rose. Spot Bitcoin ETFs drew over $1 billion in net inflows over the past five sessions. An ascending channel pattern has formed on the BTC 4-hour chart. According to data from crypto.news, Bitcoin (BTC) rose over 8.5% in the past 7 days to $124,128 on Friday, morning Asian time, setting a new all-time high. It has…

Maple Finance, the largest on-chain asset manager by assets under management, has introduced syrupUSDC as collateral for perpetual futures trading on Drift Protocol.  Summary Maple launches syrupUSDC as yield-bearing collateral on Drift, offering 7–8% APY. $100,000 in incentives and a $50M supply cap aim to boost adoption. Drift integration enhances capital efficiency and expands Solana DeFi use cases. According to a press release shared with crypto.news on Aug. 13, the integration enables traders on the Solana-based decentralized exchange to earn between 7% and 8% APY on margin collateral while actively trading. Boosting capital efficiency in DeFi trading Drift (DRIFT), the…

GMX has concluded its ~$44 million compensation plan for GMX Liquidity Provider holders on Arbitrum impacted by the July V1 vulnerability. Summary GMX completed a ~$44M GLP holder compensation plan after July’s V1 exploit. Payouts were in GLV tokens with DAO treasury support and retention incentives. GMX V2 remained unaffected and continues to see strong trading activity. The update was shared on X by GMX (GMX) on Aug. 13, following the protocol’s final distribution round. The platform fully reimbursed affected wallets and offered incentives to retain distributed funds.  Distribution finalizes recovery from July exploit The exploit, detected on July 9,…

Key Takeaways Popcat surged 13.89% after successfully defending $0.30 support to reach a local high of $0.346. Buyers returned to the market after 7 days of sellers’ dominance. After dipping to $0.29, Popcat [POPCAT] successfully defended $0.3 support and surged 13.89% to $0.346, then retraced to $0.344 at press time.  Over the same period, the memecoin’s Trading Volume jumped 20% reaching $54 million, while market cap hiked 13% to $337 million.  Is this the start of something bigger or a mere technical bounce? Buyers bounce back in the spot market After seven days of sellers’ dominance, buyers returned to the…

Ethereum has posted significant gains over the past week, rising 29% and approaching its all-time high near $4,800 set in 2021. At the time of writing, ETH trades at $4,662, putting it within range of the $4,750–$4,800 resistance zone that has historically marked a key supply area for the market. This price move coincides with unprecedented network activity and notable on-chain flows that analysts say could influence the short-term price direction. Related Reading Ethereum Record Network Activity Meets Price Resistance Data from CryptoQuant contributor CryptoOnchain shows that daily Ethereum transactions have reached a record high of approximately 1.875 million. This…