💥 Fed vs. Bitcoin: Kashkari Calls BTC ‘Worthless'!
Minneapolis Fed President Neel Kashkari isn’t impressed with Bitcoin, calling it a “worthless asset” despite its 12-year track record. Meanwhile, BTC just keeps flexing—up 48% this year and attracting $556M in ETF inflows on October 14 alone! 📈🚀
Even with a rocky Q3, Bitcoin's open interest hit $19.8B, showing traders are still bullish. 🛠 And with Trump promising to make the U.S. a crypto hub (and Kamala joining the crypto-friendly club), Bitcoin’s future could hinge on the 2024 elections. 🗳
Cold wallets are filling up, and CEX reserves are at an all-time low. Looks like investors are in for the long haul—whether Kashkari likes it or not. 😉
Minneapolis Fed President Neel Kashkari isn’t impressed with Bitcoin, calling it a “worthless asset” despite its 12-year track record. Meanwhile, BTC just keeps flexing—up 48% this year and attracting $556M in ETF inflows on October 14 alone! 📈🚀
Even with a rocky Q3, Bitcoin's open interest hit $19.8B, showing traders are still bullish. 🛠 And with Trump promising to make the U.S. a crypto hub (and Kamala joining the crypto-friendly club), Bitcoin’s future could hinge on the 2024 elections. 🗳
Cold wallets are filling up, and CEX reserves are at an all-time low. Looks like investors are in for the long haul—whether Kashkari likes it or not. 😉
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⚡️ $30M Vanishes in an Hour as Bitcoin Takes Traders for a Wild Ride 🎢
At 12:30 UTC, Bitcoin shot up from $65,500 to $67,950 in just 30 minutes—its highest price since July. 🚀 But, like a rollercoaster, it crashed almost 4% by 15:00 UTC, erasing all gains. 🎢
$20M in shorts got liquidated during the sudden rise as bearish traders were wiped out. 💥
Right after, longs faced forced liquidations, with traders losing another $11M as Bitcoin's price nosedived. 🤯
In the last 24 hours, over 92,000 traders lost a whopping $300M due to Bitcoin’s wild volatility—affecting both bulls and bears equally. ⚔️
Now, Bitcoin is slowly recovering, trading near $67K. Is this just the warm-up? 🧐
At 12:30 UTC, Bitcoin shot up from $65,500 to $67,950 in just 30 minutes—its highest price since July. 🚀 But, like a rollercoaster, it crashed almost 4% by 15:00 UTC, erasing all gains. 🎢
$20M in shorts got liquidated during the sudden rise as bearish traders were wiped out. 💥
Right after, longs faced forced liquidations, with traders losing another $11M as Bitcoin's price nosedived. 🤯
In the last 24 hours, over 92,000 traders lost a whopping $300M due to Bitcoin’s wild volatility—affecting both bulls and bears equally. ⚔️
Now, Bitcoin is slowly recovering, trading near $67K. Is this just the warm-up? 🧐
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🚗💰 Tesla Moves $760M in Bitcoin – Sell-Off or Self-Custody? 🧐
Tesla just shifted $760M worth of Bitcoin, sparking rumors on Twitter of a major sell-off. However, some sharp-eyed users claim this is simply a move to self-custody, pointing to the format of the new addresses. 🔐
According to Arkham, Tesla's Bitcoin was previously held by Coinbase Prime Custody, so this could be part of a new strategy for holding their crypto. 🛡
So, is it time to panic or just another day of Tesla playing 4D chess with Bitcoin?
Tesla just shifted $760M worth of Bitcoin, sparking rumors on Twitter of a major sell-off. However, some sharp-eyed users claim this is simply a move to self-custody, pointing to the format of the new addresses. 🔐
According to Arkham, Tesla's Bitcoin was previously held by Coinbase Prime Custody, so this could be part of a new strategy for holding their crypto. 🛡
So, is it time to panic or just another day of Tesla playing 4D chess with Bitcoin?
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💔Hong Kong Scammers Swipe $46M in Crypto 🎭
Hong Kong scammers went full cyber mode, using deepfake videos to pose as attractive women on dating sites. They convinced love-struck men to invest in "high-return crypto schemes" — and pocketed $46 million! 💸✨
Police busted the operation and found a scoreboard tracking the syndicate's "achievements," with last month’s top scammer earning a cool $266k. 🤯 Moral of the story? Be careful with video calls — that charming smile might be a digital mask hiding a crypto mastermind! 😬
Hong Kong scammers went full cyber mode, using deepfake videos to pose as attractive women on dating sites. They convinced love-struck men to invest in "high-return crypto schemes" — and pocketed $46 million! 💸✨
Police busted the operation and found a scoreboard tracking the syndicate's "achievements," with last month’s top scammer earning a cool $266k. 🤯 Moral of the story? Be careful with video calls — that charming smile might be a digital mask hiding a crypto mastermind! 😬
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🐃 "Bullish BTC Market Could Kick Off This Month," Says Crypto Trader 🚀
On average, Bitcoin's bullish trend begins 170 days after a halving, and guess what? We're now at 178 days since the last halving. Could this be the spark for the next BTC rally? 🔥
Time to watch the charts, HODL, and hope the bulls are ready to run! 🐂
On average, Bitcoin's bullish trend begins 170 days after a halving, and guess what? We're now at 178 days since the last halving. Could this be the spark for the next BTC rally? 🔥
Time to watch the charts, HODL, and hope the bulls are ready to run! 🐂
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Someone just bet over $1 million that Trump will lose the election! 💸
On the crypto betting platform Kalshi (Polymarket's competitor), a mysterious trader placed more than $1 million on Trump losing the upcoming election.
Insider info or just strong faith in Kamala Harris? 👀 While everyone’s guessing, it looks like Trump has found another opponent… this time in the crypto space. 😅
On the crypto betting platform Kalshi (Polymarket's competitor), a mysterious trader placed more than $1 million on Trump losing the upcoming election.
Insider info or just strong faith in Kamala Harris? 👀 While everyone’s guessing, it looks like Trump has found another opponent… this time in the crypto space. 😅
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US Prosecutors Demand 5-Year Sentence for Mastermind Behind $6B Bitfinex Crypto Heist 💥
It looks like the "Crocodile of Wall Street's" partner in crime, Ilya Lichtenstein, might be trading in his keyboard for handcuffs! Prosecutors want him to serve 5 years for masterminding the $6 billion Bitfinex heist. His wife and accomplice, Heather "Razzlekhan" Morgan, gets 18 months for her rap... and her role in laundering the stolen crypto.
Lichtenstein’s cyber moves shook the crypto world, but prosecutors hope a tough sentence will send a clear message to other would-be hackers: “Mess with the blockchain, and you'll pay the price!" 🕵️♂️💰
Their high-tech tricks included mixing services, NFT shopping, and even Walmart gift cards—because apparently, when you're laundering millions, you still need household essentials! 😅 The sentencing is set for November, and all eyes are on what happens next.
🎥 P.S. Amazon’s making a documentary on this crypto heist!
It looks like the "Crocodile of Wall Street's" partner in crime, Ilya Lichtenstein, might be trading in his keyboard for handcuffs! Prosecutors want him to serve 5 years for masterminding the $6 billion Bitfinex heist. His wife and accomplice, Heather "Razzlekhan" Morgan, gets 18 months for her rap... and her role in laundering the stolen crypto.
Lichtenstein’s cyber moves shook the crypto world, but prosecutors hope a tough sentence will send a clear message to other would-be hackers: “Mess with the blockchain, and you'll pay the price!" 🕵️♂️💰
Their high-tech tricks included mixing services, NFT shopping, and even Walmart gift cards—because apparently, when you're laundering millions, you still need household essentials! 😅 The sentencing is set for November, and all eyes are on what happens next.
🎥 P.S. Amazon’s making a documentary on this crypto heist!
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Crypto soothsayer
NBA legend Scottie Pippen claimed that during the night, he was visited in a dream by Satoshi Nakamoto, who said that on November 5, 2024, Bitcoin would reach $84,650. 😁 Do we believe it?
🫣 If anyone thought that Scottie Pippen just tweets and forgets about it — you're wrong!
With Bitcoin on the rise again, the NBA legend reminded everyone about his dream, where Satoshi himself told him BTC would hit $84,650 by November 5, 2024. 🚀
With Bitcoin on the rise again, the NBA legend reminded everyone about his dream, where Satoshi himself told him BTC would hit $84,650 by November 5, 2024. 🚀
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🚨 Radiant Capital Hacked on BSC — $18M Stolen
Radiant Capital suffered a major hack on Binance Smart Chain (BSC), losing at least $18 million.
⚠️ It appears that a backdoor contract was deployed, and multiple transfers were made using the transferFrom function. One address alone gained nearly $1 million from users' wallets. If you have any approvals with Radiant Capital, revoke them immediately!
🔗 Be cautious and revoke your approvals ASAP! The damage is already around $18M and counting.
Radiant Capital suffered a major hack on Binance Smart Chain (BSC), losing at least $18 million.
⚠️ It appears that a backdoor contract was deployed, and multiple transfers were made using the transferFrom function. One address alone gained nearly $1 million from users' wallets. If you have any approvals with Radiant Capital, revoke them immediately!
🔗 Be cautious and revoke your approvals ASAP! The damage is already around $18M and counting.
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🐳 2024 — The Year of Young Bitcoin Whales!
New wallets with balances of 1,000+ BTC have accumulated 1.97 million BTC, with most of the coins being less than 155 days old.
📈 Since the start of the year, their balances have grown by 813%, now holding 9.3% of the total Bitcoin supply, equivalent to about $132 billion.
Looks like the whales are on the move! 🐋
New wallets with balances of 1,000+ BTC have accumulated 1.97 million BTC, with most of the coins being less than 155 days old.
📈 Since the start of the year, their balances have grown by 813%, now holding 9.3% of the total Bitcoin supply, equivalent to about $132 billion.
Looks like the whales are on the move! 🐋
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Crypto soothsayer
🚨 Radiant Capital Hacked on BSC — $18M Stolen Radiant Capital suffered a major hack on Binance Smart Chain (BSC), losing at least $18 million. ⚠️ It appears that a backdoor contract was deployed, and multiple transfers were made using the transferFrom function.…
🚨 Epic Fail: Ancilia Accidentally Shares a Scammer’s Wallet Drainer Link 🤦♂️
Crypto security firm Ancilia tried to play hero after the $52M Radiant Capital hack but ended up becoming the villain by accidentally sharing a scam link. Instead of saving the day, they handed users a wallet drainer on a silver platter. 🤷♂️
Imagine being the guy at Ancilia: "Let’s help people... oh wait, that’s a scam link." One job, guys. ONE JOB! 😅
After Radiant got hacked and users scrambled to revoke permissions, Ancilia posted a fake link that could’ve drained wallets faster than your Friday night crypto trades. 🐢💸
Lesson learned: always double-check your links. Even the pros can have a "hold my beer" moment. 🍺
Next time, try not to share links that make things worse. 😬
Crypto security firm Ancilia tried to play hero after the $52M Radiant Capital hack but ended up becoming the villain by accidentally sharing a scam link. Instead of saving the day, they handed users a wallet drainer on a silver platter. 🤷♂️
Imagine being the guy at Ancilia: "Let’s help people... oh wait, that’s a scam link." One job, guys. ONE JOB! 😅
After Radiant got hacked and users scrambled to revoke permissions, Ancilia posted a fake link that could’ve drained wallets faster than your Friday night crypto trades. 🐢💸
Lesson learned: always double-check your links. Even the pros can have a "hold my beer" moment. 🍺
Next time, try not to share links that make things worse. 😬
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📲 Polymarket tops The New York Times in app rankings! 🏆
Polymarket’s crypto-betting app just outranked the New York Times: Live News in the free magazine and newspaper app category in the US! 📰💸
When betting on crypto is more exciting than the news, you know the world is changing! Who knows, maybe the next NY Times headline will be about getting overtaken in the race? 😅
Polymarket’s crypto-betting app just outranked the New York Times: Live News in the free magazine and newspaper app category in the US! 📰💸
When betting on crypto is more exciting than the news, you know the world is changing! Who knows, maybe the next NY Times headline will be about getting overtaken in the race? 😅
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🤔 How Many Crypto Users Are There?
According to the State of Crypto report by a16z, the global number of crypto users has reached 617 million. However, the actual number of active users is much lower—between 30 to 60 million. The report states that most people just hold their crypto without actively trading or interacting with the market.
A fun fact: of those active addresses, 100 million are thanks to meme coins on Solana. But we’re still wondering if a16z counted the 300 million "users" from Hamster Combat... 😁
The discrepancy is due to a16z filtering out bots, duplicate wallets, and accounts with minimal balances, and cross-referencing wallet activity with platforms like MetaMask and Farcaster.
In short, while 617 million own crypto, only about 5-10% are really doing something with it!
According to the State of Crypto report by a16z, the global number of crypto users has reached 617 million. However, the actual number of active users is much lower—between 30 to 60 million. The report states that most people just hold their crypto without actively trading or interacting with the market.
A fun fact: of those active addresses, 100 million are thanks to meme coins on Solana. But we’re still wondering if a16z counted the 300 million "users" from Hamster Combat... 😁
The discrepancy is due to a16z filtering out bots, duplicate wallets, and accounts with minimal balances, and cross-referencing wallet activity with platforms like MetaMask and Farcaster.
In short, while 617 million own crypto, only about 5-10% are really doing something with it!
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🚨 Second crypto ecosystem hack in the last 24 hours! 🥷
This time, Ambient Finance has been compromised—hackers have breached the front end of the DEX protocol, which is part of the Scroll ecosystem. The team has already issued a warning about the breach.
⚠️ Important: Do not interact with the protocol at this time!
This time, Ambient Finance has been compromised—hackers have breached the front end of the DEX protocol, which is part of the Scroll ecosystem. The team has already issued a warning about the breach.
⚠️ Important: Do not interact with the protocol at this time!
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🎮 Pump, Dump, Game Over? 🧐
FractureLabs, a video game developer, has sued Jump Trading for allegedly pulling off a classic "pump and dump" with its DIO token. Here’s how the plot unfolds:
🚀 FractureLabs launched the DIO token for their online game Decimated, and Jump Trading was supposed to be the good guy, keeping the market steady. But instead, after the token’s price shot up thanks to some influencer magic, Jump allegedly sold off DIO tokens, cashing in millions 💸 and causing the token’s price to drop faster than a game crash to less than a cent.
They then bought back the cheap tokens and handed them back like nothing happened, all while walking away with a fat paycheck. 🎮💥
Jump Trading: “This is a misunderstanding.”
FractureLabs: “This is a lawsuit.”
FractureLabs, a video game developer, has sued Jump Trading for allegedly pulling off a classic "pump and dump" with its DIO token. Here’s how the plot unfolds:
🚀 FractureLabs launched the DIO token for their online game Decimated, and Jump Trading was supposed to be the good guy, keeping the market steady. But instead, after the token’s price shot up thanks to some influencer magic, Jump allegedly sold off DIO tokens, cashing in millions 💸 and causing the token’s price to drop faster than a game crash to less than a cent.
They then bought back the cheap tokens and handed them back like nothing happened, all while walking away with a fat paycheck. 🎮💥
Jump Trading: “This is a misunderstanding.”
FractureLabs: “This is a lawsuit.”
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One of the top promoters of the Forcount crypto pyramid scheme, has been sentenced to 20 years in prison 🔗
Juan Tacuri promised people to double their investments, but in reality, he was only doubling his Florida real estate portfolio! 🏠💸
Tacuri made millions by selling people empty promises and spent the cash on luxury living. Now, not only will he spend 20 years behind bars, but he also has to return over $3 million and say goodbye to his Florida properties. 🌞
Forcount claimed to be a cryptocurrency mining and trading firm, but in reality, it was a classic pyramid scheme where new victims' money was used to pay off earlier participants. So, instead of mining crypto, Tacuri will be "mining" some new life experiences behind bars! 🔒
Juan Tacuri promised people to double their investments, but in reality, he was only doubling his Florida real estate portfolio! 🏠💸
Tacuri made millions by selling people empty promises and spent the cash on luxury living. Now, not only will he spend 20 years behind bars, but he also has to return over $3 million and say goodbye to his Florida properties. 🌞
Forcount claimed to be a cryptocurrency mining and trading firm, but in reality, it was a classic pyramid scheme where new victims' money was used to pay off earlier participants. So, instead of mining crypto, Tacuri will be "mining" some new life experiences behind bars! 🔒
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