Apple released iOS 18.6.2 and iPadOS 18.6.2 on Aug. 20, 2025, along with macOS Sequoia 15.6.1, Sonoma 14.7.8, and Ventura 13.7.8, to fix a zero-day in the ImageIO framework that was exploited in the wild.

Per Apple, processing a malicious image could corrupt memory, enabling code execution, and the company is aware of a report of use in an extremely sophisticated attack targeting specific individuals.

The flaw sits in ImageIO, the component that parses common image formats, which makes delivery via everyday channels, including messaging apps and web content, straightforward from an attacker’s perspective. As security outlets reported, the bug is tracked as CVE-2025-43300 and stems from an out-of-bounds write that Apple addressed with improved bounds checking.

The crypto angle is direct. Wallet owners often copy and paste recipient addresses, and many keep recovery phrases in screenshots or photo storage for convenience. Research this year documented families of mobile spyware and stealers that scan galleries using optical character recognition and exfiltrate images with seed phrases, as well as strains that monitor the clipboard to swap addresses during a transaction.

As Kaspersky reported, SparkCat and its successor SparkKitty used OCR to harvest seed phrases from photos on both iOS and Android, including samples observed on official app stores.

A compromise achieved through a booby-trapped image can, therefore, act as an initial foothold to enable gallery scraping for recovery phrases, surveillance of crypto app activity, and clipboard hijacking during on-chain transfers. Previous research on clipboard hijackers explains how address strings are silently replaced to redirect funds during copy-paste, a tactic long used by drainer operations.

The current incident also fits a pattern of high-value iOS exploit chains used against targeted users. In 2023, Citizen Lab documented a zero-click chain, dubbed Blastpass, used to deliver commercial spyware, demonstrating how image and message parsing bugs can be linked for device takeover without user interaction.

That historical baseline, coupled with Apple’s acknowledgment of real-world use in the present case, frames the risk for crypto users who rely on mobile devices as primary signing endpoints.

Impact spans recent iPhone models and iPads covered by iOS 18 and iPadOS 18, including iPhone XS and later, plus supported Macs on Sequoia, Sonoma, and Ventura. Users can verify protection by confirming iOS or iPadOS 18.6.2, macOS Sequoia 15.6.1, Sonoma 14.7.8, or Ventura 13.7.8 in Settings, then rebooting after installation.

Security outlets urged immediate updates following Apple’s release and disclosure.

For a crypto-savvy audience, the operational takeaway is to close exposure by updating and to reduce post-exploit blast radius by moving seed storage off photo libraries, reviewing app photo permissions, limiting clipboard access, and treating mobile wallets as hot environments with strict hygiene.

Apple’s notes state the root cause was an out-of-bounds write in ImageIO that is now mitigated with stricter bounds checks, and the company confirmed exploitation reports when shipping the patch.

Mentioned in this article

Ripple Labs has urged the US Senate to revise its proposed crypto legislation, warning that the current draft introduces more confusion than clarity.

The blockchain firm submitted its response on Aug. 5, addressing concerns about regulatory overreach and vague definitions that could stifle innovation across the digital asset space.

The comments come in response to the Senate’s call for feedback on the draft of the Responsible Financial Innovation Act of 2025, which was released on July 22.

The bill aims to modernize crypto oversight by expanding regulatory tools, improving consumer protections, and providing clearer classification rules for digital assets.

Ripple highlight concerns

One of Ripple’s key concerns is the bill’s treatment of “ancillary assets,” a vague term that could place many digital tokens under SEC jurisdiction.

The company warns that this could lead future SEC leadership to interpret the regulations loosely, potentially enforcing policies that undermine the growth of the crypto space.

According to the firm:

“This approach could subject long-established, widely traded tokens operating on open and permissionless networks, including ETH, SOL, and XRP, to perpetual SEC oversight, even when current or future transactions bear none of the hallmarks of a securities offering.”

Moreover, Ripple emphasized that assets tied to past investment contracts should not be perpetually subject to SEC jurisdiction.

The company argues that the SEC’s authority should be limited to the specific transaction in question, not extended to future trades of the asset.

The firm noted:

“The approach taken by the draft provides a backdoor to assert jurisdiction over present-day transactions based on conduct that is either irrelevant to the transaction at issue or barred from enforcement by fundamental legal protections.”

Considering this, Ripple proposed a fixed time period for SEC jurisdiction over tokens initially sold as part of an investment contract.

The company also called for Congress to clarify the application of the Howey Test, a standard used to determine whether an asset is a security, ensuring it is consistently applied without leaving room for subjective interpretations that could destabilize the market.

It added:

“If Congress intends to codify the Howey test, it should do so in a way that prevents misuse or manipulation by the SEC.”

Calls for legal clarity

In addition to concerns over SEC powers, Ripple urged lawmakers to provide clear guidelines on which blockchain activities, such as staking, mining, and governance, should be regulated as securities.

The company argued that uncertainty surrounding these activities could discourage innovation and hinder the broader adoption of blockchain technologies.

It stated:

“To avoid misapplication of the Howey test, it should be explicitly stated that ‘entrepreneurial or managerial efforts’ do not include core network functions or routine administrative services.”

Meanwhile, Ripple also supported a provision in the bill aimed at protecting tokens actively traded for at least five years, suggesting it could offer protection from retroactive enforcement.

The RLUSD issuer believes this would provide more predictability and stability for established digital assets while helping the industry move forward confidently.

Mentioned in this article

A large number of token unlocks are expected to hit the altcoin market this week, and Dogecoin is one of those with the most notable unlocks happening this week. With the uncertainty in the market, token unlocks like these could affect the Dogecoin price. However, with deep liquidity, there is a high possibility that the meme coin is able to absorb this massive unlock without much effect.

Large Dogecoin Unlock To Hit The Market

In an X post, Wu Blockchain reported that there are a number of single token unlocks that are set to go live in the altcoin market over seven days. However, the ones of concern are the linear unlocks that will continue into the first week of August, putting hundreds of millions of dollars into the market.

Related Reading

One of the major unlocks shown was for Dogecoin, which is supposed to see approximately 95.5 million DOGE tokens added to its supply. Going by the current supply, this would be an additional 0.06% added to the circulating supply. At the current market price, this would be around $22.9 million worth of tokens being added.

Naturally, token unlocks can impact the price of a digital asset, and Dogecoin is no different. However, looking at the daily trading volume of the cryptocurrency, which is in the billions of dollars, as well as the deep liquidity across major crypto exchanges, it is likely that the DOGE market will absorb this new supply without much fuss.

Additionally, not all of the 95 million tokens will be sent into circulation at once. Given that it’s a linear unlock, meaning the coins will be released into circulation in smaller batches, it is much easier for the market to absorb the supply without any negative impact to the Dogecoin price.

Other Tokens Being Unlocked

While the Dogecoin token unlock is significant, it is not the largest token unlock expected to happen this week. The crown goes to Solana, which is expected to see 465,770 tokens unlocked. This stash is worth a staggering $87 million and translates to 0.09% of the total supply.

Related Reading

Next on the list is the TRUMP token at 4.89 million tokens worth $50.13 million. This accounts for 1.67% of the total supply. Then, it is followed by Worldcoin (WLD), with an expected 37.23 million tokens to be unlocked, worth $44.67 million, and translates to 2.16% of the total supply.

Other major unlocks include TAO with 50,400 tokens worth $21.49 million. There’s also Avalanche (AVAX) with 700,000 tokens worth $18.07 million, and Celestia (TIA) with 6.96 million tokens worth $14.20 million.

Featured image from Dall.E, chart from TradingView.com

The chief executive of exchange-traded fund (ETF) provider VanEck is predicting that “super apps” will challenge traditional finance’s payments system.

In a new interview with CNBC Television, VanEck CEO Jan Van Eck says that apps that offer support for stablecoins will soon begin to put pressure on traditional methods of payments.

According to Van Eck, since stablecoins skip out on intermediaries such as Visa and Mastercard that charge about 3% in fees for payments, the super apps could serve as viable alternatives.

“I definitely think that this will put cost pressure on the payments system because it is cheaper and allows all these competitors to come into the market, whether it’s a Kraken, whether it’s a Robinhood, whether it’s an X, there are going to be a lot of super apps.”

On Friday, President Trump signed into law the GENIUS Act, which establishes a stringent regulatory framework for firms issuing payment stablecoins.

Van Eck goes on to note that while the stablecoin issuer Circle has done well so far this year, new competition is gearing up to enter the space.

“It’ll be several quarters before it’ll impact earnings, either to the positive or the negative. But stocks are kind of moving in anticipation of that right now.

And you see the incumbents – Ethereum has had a great month; Circle, the one public stablecoin company, has had a great run since its IPO (initial public offering). The market is getting ahead of it, but those are just the incumbents; there are going to be a lot of competitors entering into this space.”

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Web3 company Animoca Brands signed a non-binding memorandum of understanding (MOU) with DayDayCook (DDC) Enterprise, a meal-prep and packaged food company that recently adopted a Bitcoin (BTC) treasury strategy, to manage Animoca’s BTC holdings and generate a yield on those reserves.

Animoca will allocate up to $100 million in BTC as part of the deal, according to a joint announcement from Thursday.

Animoca Brands co-founder and executive chairman Yat Siu told Cointelegraph that DDC Enterprise was chosen in part because of CEO Norma Chu and her ability to cultivate a “substantial non-crypto following,” introducing the asset sector to the general public, which may not have had an interest in crypto otherwise. Siu also said:

“Her background and her experience enable Norma to bridge the East and West to successfully navigate markets on both sides of the planet; she has good appeal and connections to the Chinese market, one of the largest for crypto adoption, while also running a NASDAQ-listed company.”

DDC Enterprise tipped its Bitcoin treasury plans in May, setting a goal to buy 5,000 BTC over three years. That same month, the company purchased 21 BTC for its corporate treasury.

The Bitcoin treasury narrative continues to gain traction, as corporations adopt the supply-capped asset as a hedge against inflation, and, in some cases, reorient themselves to become Bitcoin holding companies. 

The proliferation of Bitcoin treasury firms has left investors divided about the effects of these companies on the market, with some arguing it will boost mainstream adoption and others warning that overleveraged BTC companies could trigger the next market meltdown.

Related: Bitcoin treasury playbook faces ‘far shorter lifespan’ — Analyst

Bitcoin Treasury Strategy becomes a top trend in 2025

There are currently 268 institutions holding BTC on their balance sheets, including public companies, private enterprises, government organizations, asset managers, and crypto firms, according to BitcoinTreasuries.

Public companies account for 147 of these 268 institutions, making them the largest category of institutional Bitcoin holders by a wide margin.

Bitcoin treasury companies added 159,107 BTC in Q2 2025, valued at over $18.7 billion using current prices, and representing a 23% quarter-over-quarter increase in acquisitions. 

In June, cypherpunk and Blockstream CEO Adam Back said the Bitcoin treasury trend is the new altseason for crypto traders and short-term price speculators. “Time to dump ALTs into BTC or BTC treasuries,” the CEO wrote in a June 22 X post.

Despite the growth of BTC treasury options and the market hype, some market analysts and crypto firms warn that most treasury companies won’t survive the next market downturn and will capitulate as soon as BTC prices begin to drop and cheap corporate financing options disappear. 

Magazine: NBA star Tristan Thompson misses $32B in Bitcoin by taking $82M contract in cash

]]> https://earlybirdsinvest.com/animoca-brands-partners-with-ddc-enterprise-to-put-btc-treasury-to-work/feed/ 0 47256 https://earlybirdsinvest.com/trump-wants-to-put-his-name-on-your-phone-now-update-official/ https://earlybirdsinvest.com/trump-wants-to-put-his-name-on-your-phone-now-update-official/#respond Mon, 16 Jun 2025 15:23:16 +0000 https://earlybirdsinvest.com/trump-wants-to-put-his-name-on-your-phone-now-update-official/

Plus: New Hampshire claims the Bitcoin crown

GM. We took a bite out of the market, spat out the seeds, and baked it into this piping hot info pie.

New Hampshire wins the US state Bitcoin reserve race.

Ethereum Pectra upgrade.

News drops: Hawk Tuah girl breaks her silence, Coinbase CEO’s company against aging + more

Market flavor today

Happy FOMC Day to those who celebrate

And for everyone else: it’s basically when Fed Chair Jerome Powell speaks, markets listen, and sometimes… they don’t like what they hear. That’s why FOMC days often have investors playing it safe.

Everyone’s waiting to see what the Fed does with interest rates and what Powell’s broader outlook is. Will he sound dovish or hawkish? That’s the big question, especially after we got weeks of mixed signals.

Now, why should you, a crypto enthusiast , care?

• If the Fed cuts rates, borrowing gets cheaper, and saving becomes less rewarding. So, investors start chasing higher returns – and riskier assets like stocks and crypto suddenly look a lot more attractive;

• Plus, rate cuts usually mean the economy’s struggling. During rough times, some investors see Bitcoin as digital gold – something that might hold value even if other markets crash.

Basically, when the Fed lowers rates to boost the economy, it often boosts crypto excitement too.

Will they do it today, though? Most likely not – inflationary pressure from tariffs is still a problem. But we’ll find out at 2:30 PM ET (and we’ll break it all down in tomorrow’s Squeeze).

The good news: Bitcoin probably isn’t gonna tank either way.

BTC ETFs have attracted $5.13B in inflows since April 16, and that steady cash flow is acting like a safety net.

Actually, not only is Bitcoin unlikely to drop – according to Santiment, it might be heading up.

Wallets holding 10 to 10K BTC have added 81,338 BTC over the past six weeks (+0.61%);

Meanwhile, the little guys – wallets with less than 0.1 BTC – dumped 290 BTC (-0.60%) in the same period.

Translation: whales are buying while retail panics or gets bored and sells = typically a long-term bullish signal.

Bitfinex analysts say that if Bitcoin reclaims $95K – the bottom of its three-month range – it might start moving back toward all-time highs.

No pressure, BTC

Memecoin harvest

The memecoins are memecoining HARD today. Let’s peep the giga pumps

Data as of 04:55 AM EST.

Check out these memecoins and plenty more here.

For a while, US states have been competing to be the first to build a strategic Bitcoin reserve.

Just a couple of days ago, we told you Arizona almost took the crown – until the governor vetoed their SBR bill.

Then yesterday, Florida withdrew from the race.

But now… drumroll, please… we finally have a winner!

New Hampshire’s Governor Kelly Ayotte signed a bill letting the state treasurer invest up to 5% of public funds in digital assets and precious metals.

There’s one catch, tho’: the digital assets need a market cap over $500B.

This narrows it down to… Bitcoin. Just Bitcoin.

Still, congrats, New Hampshire – you just made crypto history

And now… let the FOMO games begin. Hopefully.

Pectra

Hey, Ethereum fans! Put your hands up in the air! Let’s celebrate – it’s a big day for y’all!!

I know… it’s been rough. Down 62.89% from the all-time high is… lemme just say, you’re strong.

But things might be looking up.

The Pectra upgrade went live – Ethereum’s biggest update since the 2022 Merge.

It brings three major changes (aka Ethereum improvement proposals aka EIPs). Let’s break ’em down, simple and easy:

1/ EIP-7702

Right now, most Ethereum wallets (like Coinbase Wallet) can only send/receive ETH or tokens.

If you wanna do more complex stuff, you need a smart contract wallet. But those are expensive and harder to use.

EIP-7702 changes that.

Your regular wallet can now “borrow” smart contract powers just for one transaction.

That means:

• You can approve a token, swap it, and send it – all in one step;

• A friend or a company can pay the gas fees for you;

• You can give a temporary permission to another app or wallet to do something for you.

After the transaction finishes, your wallet goes back to normal. No permanent changes. No extra costs.

2/ EIP-7691

When people send a transaction on Ethereum Layer-2 networks, those networks send data to Ethereum Mainnet and pay a fee.

But the current system is clunky. They sometimes overpay or wait too long to post data.

EIP-7691 changes that.

It introduces a better fee market just for Layer-2 data posts (aka blobs).

Results:

3/ EIP-7251

Validators (the computers running Ethereum) can currently only stake 32 ETH each.

If you wanna stake more, you have to run multiple validators, which makes things more complicated and uses more computer power and memory.

EIP-7251 changes that.

Now each validator can stake up to 2,048 ETH.

Benefits:

• Big stakers can run fewer validators;

• Saves resources;

• Helps make Ethereum staking simpler, cheaper, and more scalable.

TL;DR:

• EIP-7702 = smarter wallets = easier to use Ethereum = more users;

• EIP-7691 = cheaper, faster L2s = lower costs for everyone = higher demand;

• EIP-7251 = bigger stakes per validator = more efficient staking.

Basically, Pectra makes Ethereum stronger, more scalable, and more user-friendly.

Might even help the price long-term… but hey, let’s not jinx it.

News drops

The US Treasury sanctioned the Myanmar-based Karen National Army. Turns out, they’ve been running crypto scams.

Hailey Welch, aka the Hawk Tuah girl, finally spoke up about the whole HAWK memecoin drama. She said she’s sorry for getting involved and admitted she didn’t really get how crypto works before she agreed to promote the token.

ElizaOS, a framework for building AI agents that run on blockchains, has a major flaw. Researchers found that hackers can sneak fake memories into these AIs, basically brainwashing them into handing over crypto to scammers.

NewLimit, a biotech company co-founded by Coinbase’s Brian Armstrong, bagged $130M in funding. They’re cooking up therapies to help people stay healthy and live longer.

Not sure if the Trezor Safe 5 is the upgrade you need? We gave it a look – check out what we found so you don’t have to guess.

Juicy memes

Bitcoin is changing its hands at a price that is nearly 40% below the modelled “energy value,” but the extraordinary confluence of technical, fundamental and policy signals suggests that markets may be changing. In his latest newsletter, Edwards argues that the newly formed “triple put” (a coincidence backstop from the White House, the Federal Reserve and the US Treasury) has altered the risk profiles of all risk assets and macro indicators to make the Bitcoin flip crucial.

Bitcoin turns bullish

Edwards starts with emotion and describes it as “in the pit.” The spread of the American Investor Bull Association is “as bearish as the lowest in 2009 and 2022, significantly worse than the 2020 Covid Crush.”

The CNN Fear & Greed Index has registered the darkest reading, “In Years,” while Capriole’s own active manager, Sentiment Gauge, shows an under-recorded equity manager. “Simply put, investors are in panic today,” he writes, warning that such extreme measurements “usually match at the central stage of major prices.” The combination leaves behind what Edwards calls “blood (and terror) on the streets,” repeating the Rothschild maxim that he fully cites.

Related readings

Technically, Bitcoin made a sharp reversal a few days ago. The $94,000 breakout candle has regained the entire $91,000-$100,000 range that closed the market from February. Edwards classifies the move as “a massive range of recovery,” adding that “for Bitcoin, such bullish ranges rarely look back at prices.”

Unless the market offers “daily closings under $91,000”, he writes, “it’s harder to get a more bullish tech chart than this.” The breakout coincides with his company’s basic machine learning model, Bitcoin Macro Index, and is positive in the neutral realm after a few months. The index fuses over 70 on-chain, macroeconomic and stock market variables. Prices are intentionally excluded to avoid feedback effects. Last week, the model “reset to ‘fair value’ and resumed its bullish trend,” ShiftEdwards calls it “a very promising basic data reading.”

“Triple Put”

Policy development provides a third game of the story. April 2 (the so-called “liberation date”) imposed global tariffs that the US cleaned, halving them, adding a 90-day suspension after the stock sold about 15%, VIX exceeding 30 and expanding credit spreads.

Edwards describes the rapid reversal of “Trump Put” as the first “Trump Put.” A day ago, on April 1st, the Federal Reserve began reducing the pace of quantitative tightening to 95% (“Fed Put”), effectively ending its four-year balance sheet contraction. CME FedWatch Tools’ derivative traders are now allocating base cases to three rate reductions by the end of the year.

Related readings

Meanwhile, Treasury Secretary Scott Bescent told reporters that the failures in the Treasury are driven by delaboration rather than foreign sales, and the department “has the tools to mitigate the situation, such as expanding buybacks if necessary” (“Treasury)).

“There are currently three major financial markets in place, and everyone is ready to sprint through the financial markets. The US President, the Federal Reserve and the US Treasury represent Triple Put,” Edwards said.

Is BTC underrated?

Capriol’s own “This Week’s Chart” highlights the review debate. Bitcoin’s energy value (an internal metric that the network prices using total minor power consumption) exceeds $130,000 for the first time this month.

So, with spot market trading close to $94,000, Edwards calls it “very rare” after a “nearly 40% discount” that is the depth of underestimation and Harving and “a very welcome sight.” Historically, energy value has acted as a subtraction of price gravity. This size gap narrowed with each previous cycle.

Edwards softens the bullish painting with warnings. “Political and volatility risk remains, and new policy changes are the biggest risks to derail the market right now,” he writes, adding that Capriol will monitor Bitcoin protecting $91,000 at the end of the week and keeping the macro index growing.

However, his overall tone is undoubtedly optimistic. “Today, the outlook for Bitcoin is very bullish and we’re joining together across technology, basics and emotions,” he concludes. If the week ends above its current level, Edwards said, “We’ll soon push the new all-time high with Bitcoin.”

At the time of pressing, BTC traded for $93,723.

Featured images created with dall.e, charts on tradingview.com

Would you offer insurance when expecting low odds of a claim being made? Most likely, you would, while pocketing the premium without a second thought. Bitcoin (BTC) traders are doing something similar in the Deribit-listed BTC options market, hinting at bullish price expectations.

Recently, an increasing number of traders have been selling (writing) BTC put options, likened to providing insurance against price drops in exchange for a small upfront premium.

They are implementing this strategy in a cash-secured manner by holding a corresponding amount in stablecoins, ensuring they can buy BTC if the market declines and the put buyer decides to exercise his right to sell BTC at the predetermined higher price.

This strategy enables traders to collect premiums (paid by put buyers) while potentially accumulating bitcoin if the options are exercised. In other words, it’s the expression of a long-term bullish sentiment.

“There is a notable increase in cash-secured put selling using stablecoins—another sign of a more mature, long-term approach to BTC accumulation and a continued expression of bullish sentiment,” Deribit’s Asia Business Development Head Lin Chen told CoinDesk.

Chen said BTC holders are also selling higher strike call options to collect premiums and generate additional yield on top of their coin stash, which is weighing over Deribit’s DVOL index, which measures the 30-day BTC implied volatility. The index has dropped from 63 to 48 since the April 7 panic selling in BTC to $75K, according to data from the charting platform TradingView.

“We observe that investors remain long-term bullish on BTC, particularly among crypto-native “holders” who are willing to hold through market cycles,” Chen said.

Bitcoin’s price has risen to over $92,000 since the early month slide to $75,000, supposedly on the back of haven demand and renewed institutional adoption narrative.

The sharp price recovery has seen BTC options risk reversals reset to suggest a bias for call options across time frames, according to data source Amberdata. Over the past two days, traders have specifically snapped up calls at strike $95,000, $100,000 and $135,000 via the over-the-counter tech platform Paradigm. As of writing, the $100,000 strike call was the most popular option play on Deribit, with a notional open interest of over $1.6 billion.

$9 billion in delta

Just how important it is to track flows in the options market can be explained by the fact that the cumulative delta in Deribit’s BTC options and options tied to the U.S.-listed BlackRock spot bitcoin ETF (IBIT) and its peers was $9 billion as of Wednesday, according to data tracked by Volmex.

The data indicates heightened sensitivity of options to changes in BTC’s price, suggesting potential for price volatility.

Delta, one of the metrics used by sophisticated market participants to manage risk, measures how much the price (premium) of an options contract is likely to change in response to the $1 chance in the price of the underlying asset, in this case, BTC.

So, the cumulative delta of $9 billion represents the total sensitivity of all outstanding BTC and bitcoin ETF options to changes in the spot price. As of Wednesday, the total notional value of all outstanding options contracts was $43 billion.

Such large data or sensitivity to price swings in the underlying asset means market makers and traders actively engage in hedging strategies to mitigate their risks. Market makers, or those mandated to provide order book liquidity, are known to add to price volatility through their constant effort to maintain a net directional neutral exposure.

“Option deltas have increased to record levels as open interest grew and strike deltas shifted significantly. Option market makers are actively hedging this delta exposure, driven by substantial new positions and notable shifts in strike pricing,” Volmex noted on X.

According to Volmex, crypto-native options traders over Deribit are positioned more bullishly than those trading options tied to IBIT.