KEYTAKEAWAYS
- Singapore’s Metro Department Store Will Accept Payments in Stablecoins
- Beware of SMS Phishing Attacks Targeting Binance Users
- All Crypto Sectors Underperform Compared to Bitcoin This Year
CONTENT
SINGAPORE’S METRO DEPARTMENT STORE WILL ACCEPT PAYMENTS IN STABLECOINS
Metro Department Store in Singapore has announced a partnership with cryptocurrency payment company dtcpay to accept stablecoin payments. This makes Metro the first department store in Singapore to offer this payment option.
The store will accept USDT,USDC and WUSD payments, with plans to add First Digital USD (FDUSD) as a payment option soon.
Analysis:
As more businesses accept stablecoin payments, cryptocurrencies are gradually becoming part of daily life, supporting their further adoption and legalization. Overall, Metro’s move is a bold experiment with crypto payment technology and brings new opportunities to Singapore’s retail industry.
As the market becomes more accepting of stablecoin payments, more retailers are expected to follow suit, further promoting the global use of cryptocurrencies.
BEWARE OF SMS PHISHING ATTACKS TARGETING BINANCE USERS
According to a warning from SlowMist CISO 23pd on the X platform, a new SMS phishing scam is targeting Binance users. Two users received the same phishing SMS on the same day. These messages appeared in the same thread as official Binance SMS, making them look like part of a legitimate conversation.
The scam is tricky because the phishing messages share the same communication channel as Binance’s official ones, and the messages were sent over a long period, making them seem more authentic.
Analysis:
This method shows that the scammers might have carefully copied the format, style, and tone of official Binance SMS, making it difficult for users to tell if it’s real or fake, especially for less cautious users.
When receiving any SMS about account actions, fund transfers, or urgent alerts, users should always verify through the official Binance website or app. Don’t click links or share personal information from SMS messages.
ALL CRYPTO SECTORS UNDERPERFORM COMPARED TO BITCOIN THIS YEAR
According to data from Delphi Digital, all crypto sectors have underperformed Bitcoin this year. The sectors with the largest declines are: AI frameworks down 84.05%, Agent projects down 70.27%, meme coins down 51.74%, gaming infrastructure down 51.54%, and modular solutions down 47.48%.
Analysis:
The cryptocurrency market has shown structural divergence this year, especially in high-risk sectors like AI frameworks and Agent projects, which have faced severe market corrections. In contrast, Bitcoin has shown stronger resilience and market stability. In the current market environment, investors may prefer to choose more mature and widely recognized assets rather than blindly chasing high-risk, innovative projects.
Also Read：
CoinRank Crypto Digest (2/24)｜Stablecoin Total Market Cap Exceeds $226.5 Billion
CoinRank Crypto Digest (2/25)｜Bitcoin ETF Net Outflows Reach $1.649 Billion
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