An analyst on the New York-based monetary providers and funding administration firm Morgan Stanley detailed on Monday that crypto liquidity appears to be recovering. Morgan Stanley’s Sheena Shah highlighted in a be aware to buyers that the stablecoin market capitalization is seeing fewer redemptions for the primary time since April.
The crypto winter could also be beginning to heat as institutional buyers have halted the redemption of the crypto financial system’s prime two stablecoins, in accordance with a latest evaluation written by Morgan Stanley’s cryptocurrency analysis lead Sheena Shah. The analyst primarily based within the U.Ok., additional mentioned that demand has additionally slipped amongst buyers looking for leverage. There’s been a large shortfall in decentralized finance (defi) lending Shah detailed.
“There doesn’t appear to be big demand to re-leverage within the crypto world at this second,” Shah remarked within the buyers’ be aware printed on Monday. “It is going to be onerous for this crypto cycle to backside with out fiat leverage rising or crypto leverage rising,” the lead cryptocurrency analyst at Morgan Stanley added.
Morgan Stanley’s Sha defined that final week the general stablecoin market valuation, which is presently valued at $153.26 billion, didn’t slide in worth for the primary time since April 2022. The Morgan Stanley analyst mentioned that “excessive institutional deleveraging” has taken a quick hiatus in the meanwhile. Present market information exhibits, that during the last 30 days the market capitalization of tether (USDT) has risen by 2.6%, whereas usd coin (USDC) is down by 4.6%.
The Morgan Stanley crypto researcher observed the USDC market valuation slide, and additional famous that it began throughout the first week of July. “The autumn in USDC market cap began forward of the regulatory change and appears much like the decline seen earlier within the 12 months between March and Could,” Shah’s be aware to buyers explains.
The crypto economy took some losses this weekend as the worth dropped from $1.18 trillion to $1.06 trillion by Monday afternoon (EST). Folks anticipate the crypto financial system may falter even decrease in September, because the month is historically a nasty month when it comes to crypto market historical past. On August 21, the Twitter account known as Bleeding Crypto mentioned how September was bitter for crypto over the past 4 years in a row.
“Annually we see how unhealthy September is for crypto, however you need to consider that ‘This time it’s completely different’ — You may select to stay your head within the sand, I’ll select to take heed to the market,” Bleeding Crypto tweeted. Regardless of the decrease crypto worth values, market contributors do consider this September may be completely different.
That’s as a result of The Merge is predicted to happen on September 15, and it’s been assumed that ethereum (ETH) could skyrocket in worth with the remainder of the crypto financial system lifting as a byproduct. Nevertheless, It’s fairly potential The Merge is already priced in as ETH noticed vital positive aspects final month which bolstered the crypto financial system on the identical time.
What do you concentrate on the Morgan Stanley analyst’s be aware about crypto liquidity and the less stablecoin redemptions? Tell us what you concentrate on this topic within the feedback part beneath.
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The Anti-Money Laundering Authority has taken a significant step in a complex investigation involving stolen cryptocurrency, marking the first time in Greece that crypto assets have been frozen and identified as proceeds of crime.
The case has drawn international attention, with the US Federal Bureau of Investigation (FBI) issuing a public alert confirming the freezing of suspicious digital assets.
The investigation began last month when the Authority received information about a suspicious transaction involving a registered user on a Greek-based cryptocurrency exchange platform.
Further checks revealed that the user’s Ethereum wallet had received a large amount of digital currency, which was later traced back to a major international theft.
The funds originated from the Bybit hack, disclosed in February, in which hackers stole approximately $1.5 billion worth of Ethereum – the largest theft of its kind to date. This incident surpassed the 2022 Ronin Network breach, in which $620 million in Ethereum and USD Coin were stolen.
Following the analysis, the Authority issued a Seizure Order for the wallet and the crypto assets it contained. The relevant documentation has been forwarded to the Prosecutorial Authority for further investigation.
CoinMarketCap, the popular cryptocurrency price tracking site, suffered a website supply chain attack that exposed site visitors to a wallet drainer campaign to steal visitors’ crypto.
On Friday evening, January 20, CoinMarketCap visitors began seeing Web3 popups asking them to connect their wallets to the site. However, when visitors connected their wallets, a malicious script drained cryptocurrency from them.
The company later confirmed threat actors utilized a vulnerability in the site’s homepage “doodle” image to inject malicious JavaScript into the site.
“On June 20, 2025, our security team identified a vulnerability related to a doodle image displayed on our homepage. This doodle image contained a link that triggered malicious code through an API call, resulting in an unexpected popup for some users when visited our homepage,” reads a statement posted on X.
“Upon discovery, We acted immediately to remove the problematic content, identified the root cause, and comprehensive measures have been implemented to isolate and mitigate the issue.”
“We can confirm all systems are now fully operational, and CoinMarketCap is safe and secure for all users.”
Cybersecurity firm c/side explained that the attack worked by the threat actors somehow modifying the API used by the site to retrieve a doodle image to display on the homepage. This tampered JSON payload now included a malicious script tag that injected a wallet drainer script into CoinMarketCap from an external site named “static.cdnkit[.]io”.
When someone visited the page, the script would execute and display a fake wallet connect popup showing CoinMarketCap branding and mimicking a legitimate Web3 transaction request. However, this script was actually a wallet drainer designed to steal connected wallets’ assets.
“This was a supply chain attack, meaning the breach didn’ target CMC’s own servers but a third-party tool or resource used by CMC,” explains c/side.
“Such attacks are hard to detect because they exploit trusted elements of a platform.”
More details about the attack came later from a threat actor known as Rey, who said that the attackers behind the CoinMarketCap supply chain attack shared a screenshot of the drainer panel on a Telegram channel.
This panel indicated that $43,266 was stolen from 110 victims as part of this supply chain attack, with the threat actors speaking in French on the Telegram channel.
As the popularity of cryptocurrency has boomed, so has the threat from wallet drainers, which are commonly used in attacks.
Unlike traditional phishing, these types of attacks are more often promoted through social media posts, advertisements, spoofed sites, and malicious browser extensions that include malicious wallet-draining scripts.
Reports indicate that wallet drainers stole almost $500 million in 2024 through attacks targeting more than 300,000 wallet addresses.
The problem has become so pervasive that Mozilla recently introduced a new system to detect wallet drainers in browser add-ons uploaded to the Firefox Add-on repository.
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