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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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Ethereum: The Amazon of the Crypto World?
According to 21Shares, Ethereum today resembles Amazon in the 1990s—a platform with vast, underappreciated potential. 🧐
Like Amazon, which evolved from a bookstore to a $2 trillion tech powerhouse, Ethereum could surprise with groundbreaking use cases beyond its current scope. 🚀
According to 21Shares, Ethereum today resembles Amazon in the 1990s—a platform with vast, underappreciated potential. 🧐
Like Amazon, which evolved from a bookstore to a $2 trillion tech powerhouse, Ethereum could surprise with groundbreaking use cases beyond its current scope. 🚀
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🔎 Analysts at Bernstein have updated their Bitcoin forecasts based on potential U.S. election outcomes.
If Trump wins, they see BTC soaring to $80-90K, while a Harris win could keep it around $50K. 👀
Regardless, they’re setting an ambitious $200,000 target by end-2025.🚀
On prediction platforms, Trump still leads Harris by 57.9% to 42.1% on Polymarket, though odds have been volatile. The race is tight in swing states, with Harris holding Michigan and Wisconsin while Trump leads in Arizona and Georgia.🧐
If Trump wins, they see BTC soaring to $80-90K, while a Harris win could keep it around $50K. 👀
Regardless, they’re setting an ambitious $200,000 target by end-2025.🚀
On prediction platforms, Trump still leads Harris by 57.9% to 42.1% on Polymarket, though odds have been volatile. The race is tight in swing states, with Harris holding Michigan and Wisconsin while Trump leads in Arizona and Georgia.🧐
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Deutsche Telekom will start mining Bitcoin. 🔨
Deutsche Telekom is among the top 4 global telecommunications operators, with a market capitalization of over €129,000,000,000. 💰
Deutsche Telekom is among the top 4 global telecommunications operators, with a market capitalization of over €129,000,000,000. 💰
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$1 Million Baklava 🙀
👀 Everyone’s heard about the famous pizza bought for 10,000 BTC, celebrated annually as Bitcoin Pizza Day. But did you know about the Baklava story? Let us tell you!
In 2011, a Twitter user named Mandrik sold a box of baklava to businessman Roger Ver for 14 BTC. Back then, those 14 BTC were worth about $100. Today? Almost $1 million! 💸
Talk about FOMO that lasts a lifetime! 🤯
👀 Everyone’s heard about the famous pizza bought for 10,000 BTC, celebrated annually as Bitcoin Pizza Day. But did you know about the Baklava story? Let us tell you!
In 2011, a Twitter user named Mandrik sold a box of baklava to businessman Roger Ver for 14 BTC. Back then, those 14 BTC were worth about $100. Today? Almost $1 million! 💸
Talk about FOMO that lasts a lifetime! 🤯
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📉 CoinGlass: Traders Brace for Election Volatility
Bitcoin futures open interest has dropped significantly as traders close both LONG and SHORT positions en masse. With U.S. presidential elections just around the corner, many are stepping back, anticipating a spike in volatility. 🌀
Seems like the market is holding its breath—who else is ready for a rollercoaster week? 🎢
Bitcoin futures open interest has dropped significantly as traders close both LONG and SHORT positions en masse. With U.S. presidential elections just around the corner, many are stepping back, anticipating a spike in volatility. 🌀
Seems like the market is holding its breath—who else is ready for a rollercoaster week? 🎢
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U.S. BTC ETFs experienced a record outflow of $540.9 million in a single day ahead of the elections! 📉💰
This marks the second-largest outflow in the history of these funds.
Notably, 21Shares (ARKB) and Bitwise (BITB) hit all-time lows since their launch. The only ETF to record a positive inflow yesterday was BlackRock’s (IBIT), with 569 BTC or $38.6 million. 🧐
This marks the second-largest outflow in the history of these funds.
Notably, 21Shares (ARKB) and Bitwise (BITB) hit all-time lows since their launch. The only ETF to record a positive inflow yesterday was BlackRock’s (IBIT), with 569 BTC or $38.6 million. 🧐
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Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood have teamed up to launch USDG stablecoin! 🚀
This network aims to transform the stablecoin market by offering partners up to 100% returns from USDG-backed assets. 💸
This network aims to transform the stablecoin market by offering partners up to 100% returns from USDG-backed assets. 💸
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💸 All-In for Trump!
A user named "zxgngl" just withdrew another $3,100,000 from Binance and bet it all on Donald Trump winning the presidency! 😱
In total, this daredevil is risking $17,300,000—all in hopes of seeing Trump back in the White House. A wild bet, to say the least… 🤯
A user named "zxgngl" just withdrew another $3,100,000 from Binance and bet it all on Donald Trump winning the presidency! 😱
In total, this daredevil is risking $17,300,000—all in hopes of seeing Trump back in the White House. A wild bet, to say the least… 🤯
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Arkham believes that today’s widely discussed Mt. Gox Bitcoin transfer is a move to cold storage.💵
As a reminder, the Mt. Gox trustee made two Bitcoin transactions today totaling $2.3 billion.
As a reminder, the Mt. Gox trustee made two Bitcoin transactions today totaling $2.3 billion.
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Bitcoin just pulled a 3.7% jump as U.S. election fever hit, reaching nearly $70K!
Looks like BTC is having its own Election Day rally! 🗳📈
Popular trader Exitpump summed it up: “Sudden spot buying in unison”—it’s like everyone showed up to the polls with some spare BTC to buy!
👀 Another trader Moustache pointed out a pattern, suggesting BTC may have hit its bottom just before voting, giving us that classic election-year déjà vu.
🔍 CryptoQuant noted BTC’s election track record: +37% in 2016, +98% in 2020, and +22% in 2012. If history’s any clue, we’re in for a wild ride. 🎢
With traders cautiously betting on volatility, BTC might just steal the show… at least until we find out who’s moving into the White House! 🏛
Looks like BTC is having its own Election Day rally! 🗳📈
Popular trader Exitpump summed it up: “Sudden spot buying in unison”—it’s like everyone showed up to the polls with some spare BTC to buy!
👀 Another trader Moustache pointed out a pattern, suggesting BTC may have hit its bottom just before voting, giving us that classic election-year déjà vu.
🔍 CryptoQuant noted BTC’s election track record: +37% in 2016, +98% in 2020, and +22% in 2012. If history’s any clue, we’re in for a wild ride. 🎢
With traders cautiously betting on volatility, BTC might just steal the show… at least until we find out who’s moving into the White House! 🏛
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📰 Bitcoin Hits New All-Time High of $75,000 Amid Trump’s U.S. Election Victory!
On Wednesday, November 6, Bitcoin surged to a historic peak, momentarily reaching $75,000 before a slight correction brought it down to around $73,000. This jump was fueled by the preliminary U.S. presidential election results showing Donald Trump’s lead. 🔥
According to Associated Press, Trump has secured 267 out of the 270 electoral votes needed, with his competitor Kamala Harris holding 214. While vote counting continues, Trump’s victory appears almost certain, prompting him to hold a press conference to address the win. 🎉
On Wednesday, November 6, Bitcoin surged to a historic peak, momentarily reaching $75,000 before a slight correction brought it down to around $73,000. This jump was fueled by the preliminary U.S. presidential election results showing Donald Trump’s lead. 🔥
According to Associated Press, Trump has secured 267 out of the 270 electoral votes needed, with his competitor Kamala Harris holding 214. While vote counting continues, Trump’s victory appears almost certain, prompting him to hold a press conference to address the win. 🎉
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