Phishing Scam Surge, DOGE Treasury IPO & BTC Pullback
Ripple CTO David Schwartz has warned of a surge in phishing scams targeting hardware wallets. Scammers impersonate firmware upgrades and verification checks to steal seed phrases—Ledger and Trezor report a 40% rise in incidents. Users are urged to verify communications and update firmware only via official channels. As phishing scams intensify, hardware wallet security is critical.
Meanwhile, Dogecoin Treasury plans a US stock listing within weeks after CleanCore Solutions secured a $175 million private placement. The firm will adopt DOGE as its primary reserve asset, reducing supply and opening the meme coin to institutional investors.
On Bitcoin, a pullback from the $114,082 high has dampened trading volumes. Veteran trader Peter Brandt remains neutral, ready to go long on a rebound or short on further declines. This news trifecta underscores evolving security risks, growing institutional interest in DOGE, and cautious market sentiment toward BTC.
Neutral
The surge in hardware wallet phishing scams heightens security concerns, potentially undermining trader confidence in on-chain asset safety. Conversely, the Dogecoin Treasury IPO signals growing institutional adoption, which could support DOGE’s mid to long-term price. Bitcoin’s pullback and a neutral stance from traders suggest limited directional momentum for BTC. Collectively, these mixed factors are likely to keep market movements subdued, justifying a neutral outlook.