CoinDesk

A cryptocurrency user has suffered a significant loss of $68 million worth of wrapped bitcoin (WBTC) due to an 'address poisoning' exploit, as reported by blockchain security firm CertiK. The exploit allowed an attacker to gain control over the user's funds, resulting in a substantial financial loss.

Bitcoin prices remained stable as the U.S. dollar index declined in anticipation of the upcoming U.S. jobs report. The report is expected to show that the unemployment rate has remained below 4% for the 27th consecutive month, indicating a robust labor market.

Analysts have highlighted several positive catalysts for Coinbase, a leading cryptocurrency exchange platform. These include the company's smart wallet offering Coinbase Prime, its layer-2 network Base, and its expanding international presence. The analysts believe these factors position Coinbase favorably for future growth.

Sui Chung, CEO of a leading financial firm, has expressed interest in listing cryptocurrency exchange-traded funds (ETFs) in South Korea and Israel. This move would expand the availability of crypto investment products beyond the current markets where they are offered.

Friend.Tech, a prominent technology company, conducted an airdrop of its native token, FRIEND, on Friday morning. Concurrently, the company unveiled the second version of its platform, introducing new features and enhancements.

Tether, the company behind the USDT stablecoin, has announced plans to implement a monitoring system to identify potentially risky cryptocurrency addresses. The system aims to detect addresses that could be used for circumventing sanctions or facilitating illicit activities such as terrorist financing. This move by Tether underscores the growing emphasis on compliance and risk management within the cryptocurrency industry.

According to a recent report, the cryptocurrency markets have experienced substantial profit-taking activities in recent weeks, with retail investors playing a more prominent role compared to institutional investors. This development suggests a shift in market dynamics, where individual traders are exerting a greater influence on price movements and market sentiment.

According to recent observations, as Web3 asset holders gain more experience and their digital asset portfolios become more sophisticated, there is a noticeable trend for them to transition their digital wealth to self-custody solutions. This shift suggests a growing preference for individuals to take control and manage their own digital assets rather than relying on third-party custodians.

U.S. Senator Elizabeth Warren, a prominent critic of cryptocurrency risks, has cautioned top military and financial officials about Iran's reliance on digital asset mining as a revenue source. This mining activity could potentially undermine the effectiveness of economic sanctions imposed on Iran.

MicroStrategy, a leading business intelligence company, has announced the development of a new application called 'Orange For Outlook'. This application integrates digital signatures into emails, enabling recipients to verify the identity of the sender. By incorporating this feature, MicroStrategy aims to enhance email security and prevent potential email spoofing or phishing attempts.