Global bond yields hit multi-decade highs today as Japan’s 10-year JGB yield reached a 30-year peak, keeping Bitcoin steady near $78,000. Global long-term bond yields are now at the highest level since the 2008 financial crisis as major long-dated sovereign bonds continued to sell off into trading on Tuesday. The sell off comes only days after US Treasury Secretary Scott Bessent made headlines by announcing that the maximum size of debt buyback transactions would be increased to $4 billion from September. While the Treasury does not conduct monetary policy, some commentators have compared this to a form of yield curve control. This has brought the debasement narrative, keenly followed by Bitcoin and precious metal investors, back into the spotlight. Read more
RevStealer targets more than 50 crypto wallets alongside browser passwords, cookies, messaging data and selected documents. A fake Claude desktop application is reportedly being used to distribute RevStealer, a Windows malware strain built to steal crypto, password and browser data. According to a Monday report by cybersecurity company Morphisec, RevStealer was previously distributed through GitHub repositories and game-cheat-themed sites but the most notable is a fake “Claude Opus 5 Free Desktop” project that impersonates AI developer Anthropic and promises free access to Claude. The researchers noted that the malware is designed to leave few traces and searches browser databases, cookies, password-manager records, VPN and remote-access settings, messaging data, screenshots and selected documents. RevStealer also targets over 50 cryptocurrency wallets. Read more
Crypto is showing signs of life again, but its biggest wins look different from what early believers imagined. After a decade of building, has it all been worth it? Sentiment in crypto has dived lower than a snailfish in the Mariana Trench in recent months. Miners are capitulating to AI, cold wallets are getting exploited, and you can hardly fire up LinkedIn without reading another message from a newly unemployed crypto journalist searching for new opportunities. Even for an industry that’s endured nation-state bans, exchange blowups, and years of regulatory pressure, morale has rarely felt this low. With business models failing and public interest dropping, many long-term crypto fans have begun to question whether we’ve all wasted a decade of our lives on a pipe dream. Read more
Ripple was among the latest blockchain companies to sign a strategic partnership to build more custody and tokenized asset management solutions for Asian institutional participants. Blockchain enterprise solutions provider Ripple has partnered with digital asset infrastructure company SettleMint to offer financial institutions solutions for custody, issuance and management of tokenized assets across their full lifecycle. The strategic partnership will integrate Ripple’s institutional digital asset custody infrastructure, Ripple Custody, and SettleMint’s Digital Asset Lifecycle Platform (DALP) to offer institutions a less complex way to secure digital assets, Ripple announced on Tuesday. A day earlier, digital asset service provider Coincheck Group partnered with wallet infrastructure provider DFNS to build digital asset wallet technology and custody services in Japan. Read more