A fake GitHub repository posing as a Solana trading bot was used to distribute obscured malware that stole crypto wallet credentials, according to cybersecurity firm SlowMist. A GitHub repository posing as a legitimate Solana trading bot has been exposed for reportedly hiding crypto-stealing malware. According to a Friday report by blockchain security firm SlowMist, the now-deleted solana-pumpfun-bot repository hosted by account “zldp2002” mimicked a real open-source tool to harvest user credentials. SlowMist reportedly launched the investigation after a user found that their funds had been stolen on Thursday. The malicious GitHub repository in question featured “a relatively high number of stars and forks,” SlowMist said. All code commits across all its directories were made about three weeks ago, with apparent irregularities and a lack of consistent pattern that, according to SlowMist, would indicate a legitimate project. Read more
In the latest episode of Byte-Sized Insight we explore the evolving crypto regulatory strategies of the US, EU and UK with insights from Gemini’s head of Europe. While the European Union and United Kingdom push forward with cautious crypto frameworks, the United States is suddenly emerging as a front-runner in global digital asset policy thanks to a blitz of legislation, political momentum and massive ETF inflows. In the latest episode of Byte-Sized Insight, Cointelegraph head of podcasts Savannah Fortis is joined by Mark Jennings, head of Europe at Gemini, to break down how the US, EU and UK are approaching crypto regulation and what it means for innovation, adoption and investment across the West. “We’ve seen the administration push legislation very quickly as it’s come in this year,” said Jennings. “It became a topic of conversation during the presidential election, and I think it highlights the importance of crypto globally, that it becomes a talking point at that level.” Read more
Congress passed the Big Beautiful Bill, Trump’s budget proposal, which could benefit Bitcoin, analysts say. On July 3, the US Congress passed into law the One Big Beautiful Bill Act. President Donald Trump’s bill offers little to the crypto industry, but it could benefit Bitcoin all the same. Trump’s budget proposal passed in the late hours of July 3 entirely along partisan lines; only two Republicans voted against the controversial bill, which will significantly increase the US government’s borrowing ability. It has drawn significant criticism from Democrats and even from current and former Trump allies like Tesla CEO Elon Musk. Notably absent from the bill were proposed amendments to the cryptocurrency tax code. As the bill worked through the Senate, lawmakers attempted to tack on a number of provisions regarding crypto, but to no avail. Read more
Bitcoin whales awoke after 14 years of dormancy, having held their BTC since it was trading below $0.78 a coin in 2011. Bitcoin whales have reawakened after 14 years of patiently holding the world’s first and largest cryptocurrency, transferring billions of dollars in value. A Bitcoin wallet “12tLs” transferred 10,000 Bitcoin (BTC) worth over $1 billion after 14 years of holding the assets on Thursday. The mysterious whale initially received the 10,000 BTC on April 3, 2011, when Bitcoin traded for about $0.78 a coin, according to blockchain data shared by Lookonchain in a Friday X post. Read more