Analyses

Daily News Summary 7/9

New Android Virus Spreading

According to cybersecurity company McAfee, a new Android virus named SpyAgent is capable of stealing private keys stored in screenshots and images on a smartphone’s internal storage. The malware is spread through malicious links sent via text messages. These fake apps disguise themselves as banking, government, or streaming service applications. The virus activates once the infected software is downloaded.

Withdrawals of Ethereum-Based Products

U.S. asset manager WisdomTree Investments has announced the withdrawal of its application to register an Ethereum Trust. The company, known for its presence in digital assets, had initially aimed to offer investors easier access to Ethereum through the trust. This decision coincides with VanEck’s announcement to close and liquidate its Ethereum futures ETF (EFUT). These withdrawals suggest potential regulatory challenges or market uncertainties surrounding Ethereum-based products in the U.S.
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