Crypto soothsayer
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Current news from the world of cryptocurrencies and market analysis. Read us and have up-to-date information! We are open for cooperation: https://t.me/kryptoadv
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Crypto soothsayer
🍌 Users of the Telegram bot Banana Gun have reported hacks on their wallets The developers are currently investigating the issue. πŸ§‘β€πŸ’» It's estimated that 563 ETH was stolen from 36 victims. Some believe that Banana Gun itself wasn't compromised, as the…
πŸŒπŸ”« Banana Gun Telegram Bot to Compensate $3 Million to Hack Victims!

πŸ§‘β€πŸ’» The developers announced that the payouts will come from the project's treasury, eliminating the need for additional token sales. An investigation revealed a vulnerability in the Telegram messaging oracle used by Banana Gun.

πŸ‘€ The attack targeted Smart Money traders and well-known crypto veterans in the community. It affected both EVM and Solana bots, which operate independently with separate codebases.

The Banana Gun team has fixed the issue and reactivated the bots. πŸ€– To enhance security, transfers will now have a two-hour delay. Additionally, developers plan to implement two-factor authentication for data transmission and conduct audits of the web applications and Telegram bots.
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ETH is currently following the same trend that led to the surge between January 2023 and March 2024. πŸ“ˆ

Will history repeat itself with another rally? πŸ€”
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πŸš€ Kamala Harris Advocates for Blockchain Leadership

Vice President Kamala Harris has called for the U.S. to lead in blockchain and emerging technologies, emphasizing innovation alongside consumer protection. πŸ”—

In a recent speech, she highlighted AI and digital assets as key components of her "opportunity economy" vision. πŸ‘€

πŸ”Ž Analysts believe her presidency could positively influence Bitcoin and the crypto market, addressing structural issues that drive adoption.

This marks a shift in her campaign focus, as she previously remained quiet on cryptocurrency. 🧐
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πŸ“ˆ US Bitcoin ETFs Experience Strong Inflows Led by BlackRock

US Bitcoin ETFs have seen a five-day streak of positive inflows, totaling $246 million. Notably, BlackRock's iShares Bitcoin Trust (IBIT) stands out, pulling in $184 million on Wednesday alone. πŸš€

Despite a tumultuous market, investor confidence in Bitcoin ETFs appears to be growing. While BlackRock dominates the scene, other funds like Bitwise’s Bitcoin ETF (BITB) managed to attract only $2 million, with significant outflows from Fidelity’s Bitcoin Fund ($33 million) and ARK Invest’s ETF ($47 million). πŸ’°

πŸ‘€ The shift in investor preferences suggests a move towards larger, more established funds, as seen with IBIT's substantial gains compared to the struggles of Grayscale’s Bitcoin Trust (GBTC), which has lost over $20 billion since converting to an ETF.
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πŸš€ TON Blockchain Set for Historic Onboarding with Hamster Kombat Airdrop

πŸ’Ž TON is gearing up for the largest crypto onboarding event ever, driven by projects like Hamster Kombat, which will airdrop tokens to over 131 million users (however, most of them are dissatisfied with the size of their reward for the six months they spent on the project. 😁)

This unprecedented launch follows a surge in traffic from new mini apps such as Dogs and Catizen.πŸΆπŸˆβ€β¬›

To tackle the technical challenges of this massive distribution, TON has implemented Mintless Jettons technology for instant token delivery at minimal gas fees. 🧐

Hamster Kombat will list today at 12 p.m. UTC on major exchages.
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Of the $172 billion total market cap for stablecoins, $119 billion is represented by USDT (Tether). πŸ’°

D - Dominance. πŸ’ͺ
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πŸ’² Breakdown of commission sources collected by Layer 2 over the past 180 days

Only Immutable does not charge gas fees.🧐
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πŸ” The average monthly inflow to exchanges for 73 cryptocurrencies has dropped 6.2 times compared to the peak when BTC reached $73,000.

This marks the third decrease in exchange inflows during this cycle. In the previous two instances, such drops were followed by a BTC increase. πŸš€
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Hamster got listed on exchanges

The price has already dropped below 1 cent, and the exchanges are barely handling the load with so many people eager to sell off their half-year’s worth of tapping on the screen.

Have you already cashed out your $2?

πŸ‘ - Sold everything

😁 - I'm going to hodl

πŸ‘€ - What $2? I made more than $100

πŸ”₯ - Never played Hamster Combat
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The Wallet in Telegram will be temporarily restricted for users from the United Kingdom. πŸ‡¬πŸ‡§

The wallet will be available again after the app is registered as a digital asset provider. 🧐
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Trust Wallet is rolling out a launchpool! πŸš€

Most likely, it will be similar to Binance Launchpool β€” we'll be staking $TWT and earning new coins.

πŸ‘€ Meanwhile, $TWT has surged on this news and is trading at exactly $1, up 12%. πŸ“ˆ
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Will Changpeng Zhao be released today?

πŸ“° Media reports suggest that if the release date lands on a weekend, he’ll be released on Friday.

While he was expected to be out on Sunday, it looks like the Binance co-founder may be coming back sooner. πŸ”₯

CZ’s lawyer mentioned that he’s not yet ready to give interviews. 🀷
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πŸ”Ž Analysts at K33 Research noted that it has been 1,051 days since the cryptocurrency market capitalization peaked on November 15, 2021.

The longest drawdown after a new ATH was 1,106 days, while the previous period lasted 1,096 daysβ€”from January 7, 2018, to January 7, 2021. πŸ‘€
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The final strong resistance for BTC is at $66,300. πŸ‘€

This level is characterized by a group of short-term holders who have kept their coins for 3 to 6 months. πŸ’°

Analysts at CryptoQuant are confident that once this level is breached, the path to testing the ATH will be open.πŸš€
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πŸš€ Binance Coin (BNB) Signals Bullish Breakout Amid CZ’s Possible Early Release

Despite regulatory challenges, Binance Coin remains the fourth largest crypto asset with a market cap exceeding $88 billion.

πŸ“ˆ Recent trends show BNB forming a reversal pattern, signaling a potential bull run for Q4. Notably, CZ's possible early release from prison today adds to the positive sentiment.

Key Highlights:

β–ͺ️BNB price reached $607.2, up 2% in 24 hours.

β–ͺ️Closing above $600 this month could fuel further bullish momentum.

β–ͺ️Technical analysis shows a strong support range between $460-$491 and an inverted head and shoulders pattern.

β–ͺ️ The price targets $921, aligning with the Fibonacci retracement level. πŸ’ͺ
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Bedrock Protocol Hit by $2M Exploit πŸ₯·

πŸ‘€Liquid restaking protocol Bedrock confirmed it suffered a security exploit involving uniBTC, leading to a $2 million loss.

The team addressed the root cause and assured users that all remaining assets are safe.

Losses primarily occurred in decentralized exchange liquidity pools. A reimbursement plan is being finalized, along with a post-mortem report. πŸ—’

Wrapped BTC and standard Bitcoin reserves remain secure. 🧐

Bedrock has over $240 million in total value locked (TVL).
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Crypto soothsayer
Renowned trader PlanB has laid out an ambitious long-term growth prediction for Bitcoin that reads like a sci-fi script! 😁 Here's a small nuance: what if Trump loses? πŸ€”
PlanB is confident in the rise of BTC to $500,000 in this halving cycle (2024-2028)

πŸ§‘β€πŸ’» The well-known trader continues to stand by his incredible price predictions for Bitcoin, even suggesting that the cryptocurrency could reach $1 million in the coming years. πŸ™€

This aligns with his devised "Standard Deviation (STDEV) range" of $250,000 around a base price of $500,000. πŸ“

To support his claims, PlanB recalls his 2020-2024 forecast using the Stock-to-Flow model, made back in 2019, which predicted a price of $51,000 for Bitcoin, with an STDEV of $25,000 to $100,000. πŸ“ˆ
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Crypto soothsayer
In August, visits to the betting platform Polymarket soared to a record-breaking 13.8 million. πŸš€ By contrast, Uniswap had just 3.7 million users during the same month. 🀷
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πŸš€ Polymarket has launched a free mobile app for betting on American elections that doesn't require registration, currently available only for iPhone. πŸ“±

You can check it out here: Polymarket Election Forecast.
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🐹 Amid the token claim for Hamster Kombat, transaction fees on the TON network surged to new highs. πŸ“ˆ

Everyone was in such a rush to claim their "hard-earned" coins nd sold ones that the price of $HMSTR dropped to $0.006, marking a 30% decline from the average listing price. 😁🀷
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If you bought $100 worth of XRP in 2018, today you still have $100. 😁
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Justin Sun has announced that "CZ is back"... πŸš€

However, Changpeng Zhao’s account remains quiet. 🀷
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