User Loses $25M Due to Wrong Address! 🙀
A crypto user mistakenly sent $25 million worth of Renzo restaked ether to the wrong address, locking the funds potentially forever. Instead of sending to their safe wallet, they accidentally transferred the funds to a safe module address, which they can't withdraw from without Renzo’s intervention. 🤷
👒 Desperate to recover the funds, the user appealed to hackers and white hats on social media, offering a $2.5 million reward for assistance. However, experts suggest that the only solution may be if Renzo upgrades its contract with a rescue feature—a step they have yet to respond to. 🧐
This incident is a stark reminder of the risks in crypto transactions, where even a small copy-paste error can lead to massive losses.
A crypto user mistakenly sent $25 million worth of Renzo restaked ether to the wrong address, locking the funds potentially forever. Instead of sending to their safe wallet, they accidentally transferred the funds to a safe module address, which they can't withdraw from without Renzo’s intervention. 🤷
👒 Desperate to recover the funds, the user appealed to hackers and white hats on social media, offering a $2.5 million reward for assistance. However, experts suggest that the only solution may be if Renzo upgrades its contract with a rescue feature—a step they have yet to respond to. 🧐
This incident is a stark reminder of the risks in crypto transactions, where even a small copy-paste error can lead to massive losses.
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🌐 Crypto Market Cap Could Soar to $10 Trillion by 2026 with Trump Administration: Standard Chartered 🚀
According to Standard Chartered, a Republican victory could usher in favorable regulations and policies, potentially pushing the crypto market cap to $10 trillion by 2026. 💰📈
They also maintains bullish targets, predicting Bitcoin at $200,000 and Ethereum at $10,000 by 2025. Solana is expected to outpace both. While a U.S. Bitcoin reserve is unlikely, it could be a game-changer if considered. 🤔
According to Standard Chartered, a Republican victory could usher in favorable regulations and policies, potentially pushing the crypto market cap to $10 trillion by 2026. 💰📈
They also maintains bullish targets, predicting Bitcoin at $200,000 and Ethereum at $10,000 by 2025. Solana is expected to outpace both. While a U.S. Bitcoin reserve is unlikely, it could be a game-changer if considered. 🤔
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🚀 Onward to $85,000!
Bitcoin keeps soaring, unstoppable and wild! The latest push in BTC’s price surge was fueled by the stock market, with trading volume for BlackRock’s Bitcoin ETF hitting over $1 billion in just the first 35 minutes of the U.S. session. 💰
🤯 This “Bitcoin mania” is sweeping across the American stock market, with Coinbase and MicroStrategy shares ranking among the top 5 in trading volume today, according to Eric Balchunas.
Bitcoin keeps soaring, unstoppable and wild! The latest push in BTC’s price surge was fueled by the stock market, with trading volume for BlackRock’s Bitcoin ETF hitting over $1 billion in just the first 35 minutes of the U.S. session. 💰
🤯 This “Bitcoin mania” is sweeping across the American stock market, with Coinbase and MicroStrategy shares ranking among the top 5 in trading volume today, according to Eric Balchunas.
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🥇 Last night, Bitcoin calmly and steadily surpassed the $89,000 level, stopping just one step away from $90,000 (new ATH - $89,940 on Binance). 🚀
BTC continues to run on the fuel of liquidated short positions. In the past 24 hours alone, shorts worth $434.44M were liquidated. 🔪
Meanwhile, U.S. spot Bitcoin ETFs recorded a record trading volume of $7.3 billion yesterday, with a net inflow of $1.1 billion. 💰📈
BTC continues to run on the fuel of liquidated short positions. In the past 24 hours alone, shorts worth $434.44M were liquidated. 🔪
Meanwhile, U.S. spot Bitcoin ETFs recorded a record trading volume of $7.3 billion yesterday, with a net inflow of $1.1 billion. 💰📈
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💃 Vitalik’s Dance for Ethereum’s Rise?
As Ethereum smashed through $3300 and daily inflows to spot Ethereum ETFs hit a record $295 million, Vitalik Buterin decided to celebrate in style—by dancing at a conference in Bangkok! 🕺
A shamanic dance to summon even more growth? Who knows, but with ETH setting records, we’ll take all the good vibes we can get! 😆
As Ethereum smashed through $3300 and daily inflows to spot Ethereum ETFs hit a record $295 million, Vitalik Buterin decided to celebrate in style—by dancing at a conference in Bangkok! 🕺
A shamanic dance to summon even more growth? Who knows, but with ETH setting records, we’ll take all the good vibes we can get! 😆
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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?
👀 Back in September, NBA legend Scottie Pippen shared that he had a dream where Satoshi Nakamoto appeared and predicted that Bitcoin would reach $84,650 on November 5, 2024. 😌
Though Pippen was off by just a few days, his dream turned out to be surprisingly accurate, even though many called him crazy at the time. 🤪🚀💰
Though Pippen was off by just a few days, his dream turned out to be surprisingly accurate, even though many called him crazy at the time. 🤪🚀💰
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👀 Trump Seeks Crypto-Friendly Candidates for Key Government Positions — Washington Post
🙇♂️ Trump’s senior advisors are consulting with leaders from the crypto industry to explore possible federal policy changes. Among the candidates being considered for SEC Chair:
▪️ Daniel Gallagher — currently at Robinhood
▪️Two Republicans and SEC members, Hester Peirce and Mark Uyeda
For Treasury Secretary, Trump’s top candidate is billionaire hedge fund investor Scott Bessent, a vocal supporter of crypto, especially Bitcoin.👍
🙇♂️ Trump’s senior advisors are consulting with leaders from the crypto industry to explore possible federal policy changes. Among the candidates being considered for SEC Chair:
▪️ Daniel Gallagher — currently at Robinhood
▪️Two Republicans and SEC members, Hester Peirce and Mark Uyeda
For Treasury Secretary, Trump’s top candidate is billionaire hedge fund investor Scott Bessent, a vocal supporter of crypto, especially Bitcoin.👍
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😮 Arthur Hayes publishes a new essay where he claims that Bitcoin could rise to $1,000,000 thanks to U.S. Republicans' decisions under "Trumponomics."
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🇺🇸 U.S. Bitcoin Reserve Bill Could Pass in Trump’s First 100 Days – Cynthia Lummis
Earlier, Senator Cynthia Lummis has introduced a bill in the U.S. Senate to establish Bitcoin as a reserve asset for the Federal Reserve (link).
Key points:
▫️The U.S. government must acquire 5% of Bitcoin’s total supply.
▫️A "BTC Purchase Program" aims to buy up to 200,000 BTC annually for 5 years.
▫️A reserve fund will be created with strict cybersecurity measures.
▫️U.S. states can voluntarily act as custodians for BTC reserves.
Earlier, Senator Cynthia Lummis has introduced a bill in the U.S. Senate to establish Bitcoin as a reserve asset for the Federal Reserve (link).
Key points:
▫️The U.S. government must acquire 5% of Bitcoin’s total supply.
▫️A "BTC Purchase Program" aims to buy up to 200,000 BTC annually for 5 years.
▫️A reserve fund will be created with strict cybersecurity measures.
▫️U.S. states can voluntarily act as custodians for BTC reserves.
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📈 MicroStrategy Stock Hits 2000 ATH!
MicroStrategy shares have surpassed $300 for the first time since the dot-com bubble. To reach this level, the company accumulated a staggering 279,420 BTC!
👀 Meanwhile, well-known Bitcoin skeptic Peter Schiff has openly accused Michael Saylor and MicroStrategy of inflating a Bitcoin bubble. He claims that the company borrows money and issues shares to buy more Bitcoin, which pushes Bitcoin’s price higher, thereby lifting MSTR stock as well. This allows them to borrow more and purchase even more Bitcoin, creating a closed cycle.
💬 “Wash, rinse, repeat—what could possibly go wrong?” Schiff remarked sarcastically. 🤔
MicroStrategy shares have surpassed $300 for the first time since the dot-com bubble. To reach this level, the company accumulated a staggering 279,420 BTC!
👀 Meanwhile, well-known Bitcoin skeptic Peter Schiff has openly accused Michael Saylor and MicroStrategy of inflating a Bitcoin bubble. He claims that the company borrows money and issues shares to buy more Bitcoin, which pushes Bitcoin’s price higher, thereby lifting MSTR stock as well. This allows them to borrow more and purchase even more Bitcoin, creating a closed cycle.
💬 “Wash, rinse, repeat—what could possibly go wrong?” Schiff remarked sarcastically. 🤔
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Bitcoin is expected to peak at the end of May, coinciding with U.S. recession forecasts!
🕵️♂️ Copper.co analysts project Bitcoin could hit a price peak in about 200 days, around mid-2025, as it approaches the typical 756-day cycle observed in previous bull markets.
Currently, Bitcoin is at day 554 of this cycle, which began mid-2023. 🧐
The timing might align with a potential U.S. recession. A recent JPMorgan report estimates a 45% chance of recession in the latter half of 2025, which could impact investor sentiment toward crypto, despite Bitcoin’s resilience in past downturns. 🤷
🕵️♂️ Copper.co analysts project Bitcoin could hit a price peak in about 200 days, around mid-2025, as it approaches the typical 756-day cycle observed in previous bull markets.
Currently, Bitcoin is at day 554 of this cycle, which began mid-2023. 🧐
The timing might align with a potential U.S. recession. A recent JPMorgan report estimates a 45% chance of recession in the latter half of 2025, which could impact investor sentiment toward crypto, despite Bitcoin’s resilience in past downturns. 🤷
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🎬 A YouTube blogger from South Korea sold scam coins worth $232 million!
🇰🇷 A South Korean YouTuber with 620,000 subscribers turned his followers into unwitting investors, raking in a cool $232 million with his “consulting firm” from December 2021 to March 2023.
👀 Promising 20x returns on 28 homemade tokens (mostly worthless), he got viewers to go all in—selling property, taking out loans, and diving headfirst into the scam.
🔍The result? 15,000 victims and one wild pump & dump scheme that would make Hollywood jealous. Even better, our “financial guru” tried to flee to Australia through Hong Kong and Singapore. Now, he’s one of 12 suspects in custody. 🤷
🇰🇷 A South Korean YouTuber with 620,000 subscribers turned his followers into unwitting investors, raking in a cool $232 million with his “consulting firm” from December 2021 to March 2023.
👀 Promising 20x returns on 28 homemade tokens (mostly worthless), he got viewers to go all in—selling property, taking out loans, and diving headfirst into the scam.
🔍The result? 15,000 victims and one wild pump & dump scheme that would make Hollywood jealous. Even better, our “financial guru” tried to flee to Australia through Hong Kong and Singapore. Now, he’s one of 12 suspects in custody. 🤷
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🚀 Glassnode: Bitcoin's Profit Levels Not Yet Tempting Hodlers to Cash Out 💰
🔎 Glassnode’s latest data reveals that both short- and long-term Bitcoin holders aren’t seeing profit levels high enough to cash in, with many investors prepared to wait for even higher prices. 📈
Realized capitalization jumped by 13.3% pre-elections and by 2% afterward, with price changes of 10.1% and 27.9%, respectively—a measured response compared to past cycles. 👀
🔎 Glassnode’s latest data reveals that both short- and long-term Bitcoin holders aren’t seeing profit levels high enough to cash in, with many investors prepared to wait for even higher prices. 📈
Realized capitalization jumped by 13.3% pre-elections and by 2% afterward, with price changes of 10.1% and 27.9%, respectively—a measured response compared to past cycles. 👀
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“Still Early” - Bitwise CIO Sees Path to $500K Bitcoin 🚀
👀 As Bitcoin hit $92K after Trump’s crypto-friendly win, Bitwise CIO Matt Hougan argues we’re still in the “early days” until Bitcoin hits $500K. Hougan’s case? Demand for store-of-value assets, like gold and bitcoin, will keep growing as governments pile on debt. 🤔
🏦 He says, “Bitcoin isn’t ‘mature’ until it’s as boring as gold,” held by central banks and institutions without fuss. To reach $500K, bitcoin would need a 50% share of the $20 trillion store-of-value market.
One wildcard? Senator Cynthia Lummis’s proposal for a U.S. national bitcoin reserve. Hougan concludes, “Could Bitcoin reach $1 million? Higher? Absolutely. But $500K feels like a good start.” 📈
👀 As Bitcoin hit $92K after Trump’s crypto-friendly win, Bitwise CIO Matt Hougan argues we’re still in the “early days” until Bitcoin hits $500K. Hougan’s case? Demand for store-of-value assets, like gold and bitcoin, will keep growing as governments pile on debt. 🤔
🏦 He says, “Bitcoin isn’t ‘mature’ until it’s as boring as gold,” held by central banks and institutions without fuss. To reach $500K, bitcoin would need a 50% share of the $20 trillion store-of-value market.
One wildcard? Senator Cynthia Lummis’s proposal for a U.S. national bitcoin reserve. Hougan concludes, “Could Bitcoin reach $1 million? Higher? Absolutely. But $500K feels like a good start.” 📈
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