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Bitcoin price is under threat from fresh geopolitical pressures, with the chances of an Iranian retaliation against the US surging to 66%. The flagship cryptocurrency has traded above $100K for over 40 days, but the US-Iran conflict is sending prices to new lows. Bitcoin Slips Below $101K Driven By Fears Of An Iranian Retaliation According
The post Breaking: Bitcoin Crashes Below $100K As Odds Of Iranian Retaliation Rise To 66% appeared first on CoinGape.
US Bitcoin ETF is on fire again with BTC soaring to $95,000 on Tuesday and setting its sights on the $96,000 mark. What’s more, an exciting time is ahead for crypto enthusiasts as analysts are bullish about more upside for digital gold in the coming days.
On Monday and Tuesday, the inflow into Bitcoin ETF stood at $591M and $172.8M, respectively. With BTC now hovering around 50% up year-to-date, markets are cautiously hoping for a breakout past the $96K mark.
Since last week, the surge in Bitcoin’s price has been accompanied by significant inflows. US Spot BTC ETFs have seen hundreds of millions of dollars in inflows recently, bringing total inflows to a record $39 billion since early 2025.
BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows on Tuesday with $216 million, while all the other funds witnessed either negative or zero inflows. On average, nine of the ten U.S. spot ETFs have seen positive inflows in the last 20 days.
Grayscale’s Bitcoin ETF GBTC has seen a modest $69.9 million outflow, continuing its slow bleed post-conversion, as per the data from Farside Investors.
Meanwhile, macro sentiment is aligning. The Fed is expected to maintain its current stance on interest rates, and inflation fears are cooling slightly. What’s next? All eyes are on the $96K resistance. If Bitcoin clears that, $100K wouldn’t seem too far-fetched. In fact, a recent Matrixport report even hinted at a potential BTC rally to $106K if it breaks through the crucial resistance.
On Tuesday, Bitcoin’s Realized Capitalization also reached an all-time high of $882.2 billion, indicating robust capital inflows and growing investor confidence. Analysts say that such large accumulations of Realized Capitalization have usually preceded considerable BTC price increases.
But let’s not be naive: this is crypto. Volatility is part of the game. Bitcoin ETF flows are uneven, regulatory headlines can crash the party, and leverage remains frothy. Still, for now, the message is clear: Institutions are buying in bulk.
Institutional interest was further fuelled by Cantor Fitzgerald’s announcement of a $3.6 billion crypto venture, Twenty One Capital, backed by SoftBank, Tether, and Bitfinex. The venture plans to launch with over 42,000 bitcoins, making it the third-largest bitcoin treasury.
Recently, the BlackRock BTC ETF achieved a landmark feat by recording nearly $1 billion worth of inflows. Analysts have been predicting that Bitcoin ETF inflows in 2025 could surpass $50 billion, indicating sustained institutional demand.
The post Bitcoin ETF Sees Record Inflows as BTC Price Targets $96K appeared first on CoinGape.
A notorious phishing group known as Inferno Drainer has begun exploiting a new Ethereum feature to launch wallet-draining attacks
The group is taking advantage of Ethereum Improvement Proposal (EIP) 7702, a key part of the Pectra upgrade, which allows Externally Owned Accounts (EOAs) to temporarily act like smart contract wallets during transactions.
On May 24, Scam Sniffer, a web3 anti-scam platform, flagged a case where a wallet recently upgraded to EIP-7702 lost nearly $150,000.
According to Yu Xian, founder of blockchain security firm SlowMist, Inferno Drainer carried out the theft using a more sophisticated version of traditional phishing.
Unlike previous scams that hijack user wallets directly, Xian explained that Inferno Drainer used a delegated MetaMask wallet—one already authorized under EIP-7702.
He said this allowed the hackers to approve token transfers silently through a batch authorization process.
Xian furthered that the victim unknowingly triggered an “execute” command within MetaMask, which processed the malicious batch data in the background. The result was a silent but effective token drain.
“The phishing gang uses this mechanism to complete batch authorization operations on tokens related to the victim’s address,” Xian said.
The security expert emphasized that this incident marks a shift in scam tactics.
According to him, it shows that attackers are no longer relying solely on old tricks as they’re actively integrating new Ethereum updates into their operations to stay ahead.
“As we predicted, the phishing gangs have caught up… Everyone should be vigilant, be careful that the assets in your wallet will be taken away,” Xian said.
Considering this, he urged users to review token authorizations regularly and check whether their wallet addresses have been delegated to phishing accounts via EIP-7702.
Meanwhile, this case is part of a broader trend in the crypto industry. Last month, malicious actors stole over $5 million from 7,565 individuals through phishing attacks.
Due to this, security experts have emphasized that crypto users must remain proactive to stay safe from these attack vectors.
Scam Sniffer advised industry players to verify websites before logging in or approving any transactions. They also urge community members to audit their token permissions routinely and avoid clicking on unverified links.
The post Inferno Drainer Steals $150,000 in Crypto Phishing Attack appeared first on BeInCrypto.
Shiba Inu (SHIB) price trades at a four-day high as rising network activity drives a surge in the SHIB burn rate. The community burn portal shows that 1 trillion SHIB tokens have been burned in total, while the burn rate continues to soar with a 3,000% spike at press time. As network activity and usage spikes, can SHIB burn 1 trillion tokens every day, and if so, what will be the impact on the token price?
Shiba Inu price is trading at $0.0000132 with a 4% intraday gain as Bitcoin’s rally past $99,000 fueled positive sentiment around altcoins, especially meme coins.
The four-hour SHIB chart shows that this top meme coin is now targeting the resistance level at $0.0000134, and if it manages a breakout from this level, it may surge to a two-week high of $0.0000147.
Among the factors driving the Shiba Inu price gains is the surging burn rate. Data from Shibburn shows that over 67 million of the meme token’s supply has been burned in one week, with the 24-hour burn rate soaring by 3000%.
The current SHIB burn rate is notably low, considering there are only 1 trillion token burns on the community burn portal, which is barely a dent in Shiba Inu’s supply of 589 trillion coins.
If the burn rate were to skyrocket to 1 trillion every day, it means there will be 365 trillion SHIB token burns within a year, which is around 62% of the circulating supply. Per Grok3,
“Burning 1 trillion SHIB tokens daily could theoretically increase the price by 167% in one year to $0.000037, assuming constant market cap, with potential for higher gains if demand surges.”
A drastic decline in the supply will also eliminate market cap constraints, allowing the Shiba Inu price to hit psychological levels of $0.01 or $0.001.
For Shiba Inu to get to a 1 trillion SHIB burn rate, the ecosystem would have to experience exponential growth. Moreover, activity on the Shibarium layer two network will have to compete with top layer twos like Polygon or Arbitrum.
Currently, Shibarium’s $3 million TVL milestone is at play after a steady surge over the last month. This growth coincides with a twofold spike in SHIB transaction volumes, as Shibscan data reveals.
If Shibarium’s TVL can balloon past $1 billion and emerge among the top layer twos as adoption grows, the meme coin can achieve 1 trillion token burns.
Shiba Inu price has formed a cup and handle pattern on the daily chart, and it currently eyes a breakout past the handle’s resistance. If it manages to break out, it will signal a bullish Shiba Inu price prediction and support an uptrend towards $0.000017.
The DMI supports the likelihood of the uptrend continuing with the +DI line (blue) crossing above the -DI line (red), signalling that a bullish trend is now in play. However, traders should remain cautious of the ADX line that signals the current trend is weak and Shiba Inu may drop to test resistance at the handle’s breakout point.
To sum up, SHIB price appears to be on a bullish path, after the recent 4% gains and the surging network activity and burn rate. If the momentum holds and Shibarium’s usage grows to achieve 1 trillion SHIB burns daily, the meme coin eyes massive gains to new highs.
The post Shiba Inu Price Impact if SHIB Burns 1 Trillion Tokens Every Day appeared first on CoinGape.