16 years of the Bitcoin White Paper!🎉
🗞On October 31, 2008, Satoshi Nakamoto published the Bitcoin white paper, outlining the principles of a peer-to-peer payment system that would revolutionize the fintech world. To this day, it's unknown who Satoshi really is—an individual or a group?
Interestingly, in HBO’s new documentary Money Electric, Peter Todd was named as Bitcoin’s creator. Todd denied it, and now has to stay hidden for safety reasons. 👀
The Bitcoin network launched in January 2009, and two years later, Satoshi disappeared, leaving behind a multi-billion dollar industry and one of the greatest unsolved mysteries. 👺
🗞On October 31, 2008, Satoshi Nakamoto published the Bitcoin white paper, outlining the principles of a peer-to-peer payment system that would revolutionize the fintech world. To this day, it's unknown who Satoshi really is—an individual or a group?
Interestingly, in HBO’s new documentary Money Electric, Peter Todd was named as Bitcoin’s creator. Todd denied it, and now has to stay hidden for safety reasons. 👀
The Bitcoin network launched in January 2009, and two years later, Satoshi disappeared, leaving behind a multi-billion dollar industry and one of the greatest unsolved mysteries. 👺
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MicroStrategy Plans a Massive $42B Bitcoin Purchase! 💰
📢 The corporate giant and largest BTC holder, MicroStrategy, announced its plan to raise $42 billion for Bitcoin purchases over the next three years. They’ve already accumulated 252,220 BTC (valued at around $18 billion) at an average price of $39,266 per coin.
💵 A unique aspect of MicroStrategy’s strategy is using borrowed funds for these purchases: the company periodically issues long-term bonds to increase its BTC balance. As of Q3 2024, they still had $891.3 million remaining from previously raised funds.
📢 The corporate giant and largest BTC holder, MicroStrategy, announced its plan to raise $42 billion for Bitcoin purchases over the next three years. They’ve already accumulated 252,220 BTC (valued at around $18 billion) at an average price of $39,266 per coin.
💵 A unique aspect of MicroStrategy’s strategy is using borrowed funds for these purchases: the company periodically issues long-term bonds to increase its BTC balance. As of Q3 2024, they still had $891.3 million remaining from previously raised funds.
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Crypto soothsayer
Spot Bitcoin ETFs are seeing the strongest inflow in BTC terms since March 2024! 💪 Just yesterday, U.S. spot Bitcoin ETFs attracted $870 million — the third-largest inflow since their launch. 💰 Currently, Bitcoin ETF issuers are holding BTC worth $72.5 billion.
BlackRock’s Bitcoin ETF attracted a record $872 million during the October 30 trading session, surpassing the inflows seen when BTC peaked in March! 💰📈
Over the past two weeks, U.S. Bitcoin ETFs have brought in about $5 billion, with more than half going to BlackRock’s fund. Only 10% of all existing ETFs have ever reached such capital volumes. 💪
Over the past two weeks, U.S. Bitcoin ETFs have brought in about $5 billion, with more than half going to BlackRock’s fund. Only 10% of all existing ETFs have ever reached such capital volumes. 💪
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Market Maker "MyTrade" Pleads Guilty to Crypto Market Manipulation!
🇺🇸 The U.S. Department of Justice reports that 39-year-old Liu Zhou will face trial for "wash trading client tokens on multiple crypto exchanges," with charges of artificially inflating asset prices. 🤷
🇺🇸 The U.S. Department of Justice reports that 39-year-old Liu Zhou will face trial for "wash trading client tokens on multiple crypto exchanges," with charges of artificially inflating asset prices. 🤷
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1inch Addresses App Breach and Announces Fund Recovery!
🥷On October 30, users of the decentralized app 1inch faced a malicious wallet connection request that enabled attackers to steal assets.
1inch confirmed the incident, clarifying that only the 1inch dapp was affected—its Wallet, API, and protocols remain secure. The team has pledged to restore stolen funds. 👏
Affected users are advised to revoke ERC-20 approvals from malicious addresses via Revoke.cash to prevent further access.
The breach resulted from a supply chain attack on the popular UI animation library, Lottie Player, which targeted major crypto project sites. Hackers compromised a maintainer’s account token, injecting harmful code into several NPM package manager versions. 🧐
The infected package has been removed, but sites using the library need to update to secure versions.
🥷On October 30, users of the decentralized app 1inch faced a malicious wallet connection request that enabled attackers to steal assets.
1inch confirmed the incident, clarifying that only the 1inch dapp was affected—its Wallet, API, and protocols remain secure. The team has pledged to restore stolen funds. 👏
Affected users are advised to revoke ERC-20 approvals from malicious addresses via Revoke.cash to prevent further access.
The breach resulted from a supply chain attack on the popular UI animation library, Lottie Player, which targeted major crypto project sites. Hackers compromised a maintainer’s account token, injecting harmful code into several NPM package manager versions. 🧐
The infected package has been removed, but sites using the library need to update to secure versions.
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Changpeng Zhao (CZ), the founder of Binance, made his first public appearance after being released from prison.
Speaking at Binance Blockchain Week, he shared his vision for Bitcoin and admitted that even the prison guards were asking him for crypto advice! 🕶
Although CZ avoided making predictions, he confidently stated that 2024 is a year of recovery, with Bitcoin expected to follow its "magical" 4-year cycle: peak, correction, recovery, and eventually a new record high. 📈
As for CZ himself, he won't be returning to Binance; instead, he's now focused on investing in blockchain, AI, and biotech. 👀
Speaking at Binance Blockchain Week, he shared his vision for Bitcoin and admitted that even the prison guards were asking him for crypto advice! 🕶
Although CZ avoided making predictions, he confidently stated that 2024 is a year of recovery, with Bitcoin expected to follow its "magical" 4-year cycle: peak, correction, recovery, and eventually a new record high. 📈
As for CZ himself, he won't be returning to Binance; instead, he's now focused on investing in blockchain, AI, and biotech. 👀
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Crypto soothsayer
16 years of the Bitcoin White Paper!🎉 🗞On October 31, 2008, Satoshi Nakamoto published the Bitcoin white paper, outlining the principles of a peer-to-peer payment system that would revolutionize the fintech world. To this day, it's unknown who Satoshi really…
Trump congratulated Bitcoiners on the WP anniversary! 🎉
Of course, he couldn’t resist calling for votes. 😁
Of course, he couldn’t resist calling for votes. 😁
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Bitcoin fell back to $69,000 📉
After the U.S. stock market lost nearly $1 trillion following the release of major companies' quarterly reports, Bitcoin experienced a correction in sync.
👀 At one point, the price of Bitcoin dropped below $69,000. It is currently trading around $69,300.
🔎 According to analysts at Standard Chartered, heightened price volatility is expected in the coming days, leading up to the U.S. elections on November 5, and we could see mass liquidations of traders, both short and long. 🤷
After the U.S. stock market lost nearly $1 trillion following the release of major companies' quarterly reports, Bitcoin experienced a correction in sync.
👀 At one point, the price of Bitcoin dropped below $69,000. It is currently trading around $69,300.
🔎 According to analysts at Standard Chartered, heightened price volatility is expected in the coming days, leading up to the U.S. elections on November 5, and we could see mass liquidations of traders, both short and long. 🤷
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Bitcoin ETF assets have reached 53% of the size of Gold ETFs in the first 10 months of trading. 📊
Currently, $138 billion is held across 35 U.S.-based gold ETFs, while Bitcoin ETFs have attracted over $70 billion in 2024. 💰
It’s worth noting that the first Gold ETFs launched 20 years earlier, back in 2004.
Currently, $138 billion is held across 35 U.S.-based gold ETFs, while Bitcoin ETFs have attracted over $70 billion in 2024. 💰
It’s worth noting that the first Gold ETFs launched 20 years earlier, back in 2004.
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Yesterday in London, Stephen Mollah claimed to be the creator of Bitcoin—none other than Satoshi Nakamoto! 🙈
To hear this sensational confession, attendees had to pay $625 for entry. 😂
Like many before him, Mollah couldn’t prove his words—he claimed the access keys to Satoshi's BTC wallets were split into 8 parts scattered worldwide. And in addition to Bitcoin (the idea for which came to him around 20 years ago during a walk in the Himalayas), he claims he also invented the Twitter logo and Eurobonds! 😁
To hear this sensational confession, attendees had to pay $625 for entry. 😂
Like many before him, Mollah couldn’t prove his words—he claimed the access keys to Satoshi's BTC wallets were split into 8 parts scattered worldwide. And in addition to Bitcoin (the idea for which came to him around 20 years ago during a walk in the Himalayas), he claims he also invented the Twitter logo and Eurobonds! 😁
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💵 Tether’s 2023 Profit Surges to $7.7 Billion!
In Q3 alone, Tether earned a net profit of $2.5 billion, pushing total profit since the beginning of the year to a remarkable $7.7 billion. Financial results were verified by audit firm BDO.
Key highlights:
▪️Tether’s total assets reached a record $134.4 billion, with equity at $14.7 billion.
▪️USDT reserves: $125.47 billion, with $102.5 billion in U.S. Treasury bonds, making Tether the 18th largest holder of U.S. debt globally.
▪️Tether’s reserves also include gold, which brought in a “paper” gain of $1.1 billion in Q3 alone.
▪️USDT issuance reached ~119.4 billion, with $6 billion in reserve surplus.
Tether has also allocated $7.7 billion to Tether Investments, diversifying into renewable energy, Bitcoin mining, AI, telecommunications, and education.
In Q3 alone, Tether earned a net profit of $2.5 billion, pushing total profit since the beginning of the year to a remarkable $7.7 billion. Financial results were verified by audit firm BDO.
Key highlights:
▪️Tether’s total assets reached a record $134.4 billion, with equity at $14.7 billion.
▪️USDT reserves: $125.47 billion, with $102.5 billion in U.S. Treasury bonds, making Tether the 18th largest holder of U.S. debt globally.
▪️Tether’s reserves also include gold, which brought in a “paper” gain of $1.1 billion in Q3 alone.
▪️USDT issuance reached ~119.4 billion, with $6 billion in reserve surplus.
Tether has also allocated $7.7 billion to Tether Investments, diversifying into renewable energy, Bitcoin mining, AI, telecommunications, and education.
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Jim Cramer, with Bitcoin at $16,816 and SOL at $11:
"I didn’t go to college to get stupid." 😂
"I didn’t go to college to get stupid." 😂
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Bitcoin Rises, But Not All Are Smiling 📉
While Bitcoin climbs toward all-time highs with ETF inflows pouring in, not all’s rosy in the crypto world. Despite the Bitcoin buzz, companies like Kraken and Consensys are cutting staff as some altcoins flounder and crypto VC investments slumped 20% in Q3. 🤷
Kraken axed 15% of its workforce, Coinbase missed revenue targets, and Consensys cut 20% of its team. Even with excitement over Trump’s pro-crypto stance, many companies face regulatory pressure and low adoption for altcoins.
👉 BTC up 64% in 2024; but altcoins ? Not so lucky.
While Bitcoin climbs toward all-time highs with ETF inflows pouring in, not all’s rosy in the crypto world. Despite the Bitcoin buzz, companies like Kraken and Consensys are cutting staff as some altcoins flounder and crypto VC investments slumped 20% in Q3. 🤷
Kraken axed 15% of its workforce, Coinbase missed revenue targets, and Consensys cut 20% of its team. Even with excitement over Trump’s pro-crypto stance, many companies face regulatory pressure and low adoption for altcoins.
👉 BTC up 64% in 2024; but altcoins ? Not so lucky.
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🔒 A $24M Hack Through SIM Swap
In 2018, crypto investor Michael Terpin lost $24 million due to a SIM swap attack, where hackers took control of his phone number to access his crypto assets. Terpin sued AT&T, but the court sided with the company. 🤷
A SIM swap attack occurs when hackers gather victim data, impersonate them to the phone carrier, and transfer the phone number to a new SIM card they control. In January, this same method was used to hack the SEC’s X account. 🕶
In 2018, crypto investor Michael Terpin lost $24 million due to a SIM swap attack, where hackers took control of his phone number to access his crypto assets. Terpin sued AT&T, but the court sided with the company. 🤷
A SIM swap attack occurs when hackers gather victim data, impersonate them to the phone carrier, and transfer the phone number to a new SIM card they control. In January, this same method was used to hack the SEC’s X account. 🕶
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Crypto soothsayer
Every month since July has started with Bitcoin sell-offs. 🧐 This was always followed by growth. 📈 Will the pattern repeat in November? 🔥 - Yes 👀 - No
SpotOnChain also notes that, historically, real Bitcoin rallies have started right after U.S. presidential elections. 👀
The company’s analysts believe that regardless of whether Trump or Harris becomes the next president, BTC will continue its growth and potentially reach $100,000 this year. 🚀
The company’s analysts believe that regardless of whether Trump or Harris becomes the next president, BTC will continue its growth and potentially reach $100,000 this year. 🚀
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Rumors on Token Listing Fees — What's True? 🤔
👀 Once again, claims are circulating that Binance charges massive fees—up to 15% of a token’s supply or $50–$100 million—for listings. But several crypto leaders are calling this out.
Coinbase CEO Brian Armstrong chimed in, saying their listings are free. Yet, Andre Cronje quickly called this false, revealing that while Binance charged Fantom zero for listing, Coinbase requested up to $300 million at different times. Similarly, Justin Sun shared that Binance listed TRX for free, but Coinbase demanded $80 million in TRX plus a $250 million BTC deposit.
Yi He from Binance clarified that listing depends solely on passing a vetting process, and no amount of money can bypass that.
As the debate heats up, it's clear that the truth behind listing fees is still up for interpretation. 🧐
👀 Once again, claims are circulating that Binance charges massive fees—up to 15% of a token’s supply or $50–$100 million—for listings. But several crypto leaders are calling this out.
Coinbase CEO Brian Armstrong chimed in, saying their listings are free. Yet, Andre Cronje quickly called this false, revealing that while Binance charged Fantom zero for listing, Coinbase requested up to $300 million at different times. Similarly, Justin Sun shared that Binance listed TRX for free, but Coinbase demanded $80 million in TRX plus a $250 million BTC deposit.
Yi He from Binance clarified that listing depends solely on passing a vetting process, and no amount of money can bypass that.
As the debate heats up, it's clear that the truth behind listing fees is still up for interpretation. 🧐
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