Coinbase to roll out its new ‘DeFi Mullet’ offering in Brazil

Cardano founder Charles Hoskinson had previously predicted that Bitcoin could reach $250,000 this year, citing favorable international negotiations as a catalyst for growth. However, recent market fluctuations have cast doubt on this forecast, as Bitcoin's price has significantly declined from its previous highs. Analysts are now warning that the bear market may just be beginning.

A malware campaign in Brazil is exploiting WhatsApp to distribute a hijacking worm and banking trojan targeting cryptocurrency wallets. Trustwave's SpiderLabs has identified the Eternidade Stealer, which can stealthily collect sensitive financial information from users, posing a serious threat to their financial security.

Minipay has launched a service that allows users to spend USDT instantly using PIX and Mercado Pago across Latin America. This integration aims to enhance the usability of stablecoins in everyday transactions, particularly in Brazil and Argentina, where these payment platforms are widely used.

Analysts assert that the recent decline in Bitcoin's value should not be attributed to the US government shutdown or advancements in artificial intelligence. An onchain analyst noted that similar price drops in the past have often led to subsequent increases in Bitcoin's value, suggesting a potential for recovery.

A WhatsApp worm is spreading a banking trojan in Brazil, specifically targeting crypto wallets and financial logins. This malicious software poses a significant threat to users' financial security as it exploits the popular messaging platform to gain unauthorized access to sensitive information.

Coinbase is launching its decentralized exchange (DEX) trading platform in Brazil, approximately six weeks after its debut in the United States. This new offering will allow Brazilian users to trade over 10,000 tokens directly within the Coinbase app, enhancing their trading experience.

Libra-linked wallets have withdrawn approximately $4 million from a struggling memecoin and redirected a portion of these funds into Solana, according to on-chain tracking and news reports. This move comes amid ongoing fraud investigations and scrutiny surrounding the token's launch, which had previously seen significant withdrawals that affected investor confidence. The wallets involved purchased around $61.5 million worth of SOL at an average price of approximately $135.

Coinbase has launched its decentralized exchange (DEX) trading platform in Brazil, coinciding with new regulations from the country's central bank that require crypto firms to obtain licenses and report international transactions. This initiative aligns with Coinbase's vision of becoming an 'everything app' for cryptocurrency users.