🎬 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. 🤷
👍12👾1
🚀 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. 👀
🔥8❤2👍1
“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.” 📈
👍15🔥4❤1
Trump Taps Bitcoin Supporter for Defense Secretary Role! 🛡
🗣 Trump announced his pick for Defense Secretary—Pete Hegseth, a veteran and Bitcoin advocate. Known for his patriotism and tough stance, Hegseth has recently voiced strong support for the crypto industry, praising Bitcoin’s independence from government control.
“Crypto is here, and Bitcoin is nearly unstoppable in a world of endless money printing,” he remarked in April, quoted by VanEck's Matthew Sigel. 🔥
After Trump’s election win, Hegseth commented that Trump is “making Bitcoin great again” by signaling a hands-off regulatory approach. 💪
Hegseth’s appointment awaits Senate approval, but crypto critic Elizabeth Warren, head of the military personnel committee, opposes the choice, calling for his rejection. 🤔
🗣 Trump announced his pick for Defense Secretary—Pete Hegseth, a veteran and Bitcoin advocate. Known for his patriotism and tough stance, Hegseth has recently voiced strong support for the crypto industry, praising Bitcoin’s independence from government control.
“Crypto is here, and Bitcoin is nearly unstoppable in a world of endless money printing,” he remarked in April, quoted by VanEck's Matthew Sigel. 🔥
After Trump’s election win, Hegseth commented that Trump is “making Bitcoin great again” by signaling a hands-off regulatory approach. 💪
Hegseth’s appointment awaits Senate approval, but crypto critic Elizabeth Warren, head of the military personnel committee, opposes the choice, calling for his rejection. 🤔
👍8❤1
Bitcoin-Gold Correlation Hits 11-Month Low as Investors Shift Funds 💸
👀 Since the recent U.S. election, gold has fallen by 5%, while Bitcoin has surged over 20%—signaling a major shift in safe-haven strategies. Bitcoin's 30-day correlation with gold is at its lowest in 11 months. 📉
🔎 Analysts suggest that capital is flowing from traditional safe havens like gold into “digital gold” because Trump’s policies and a strengthening dollar make gold less appealing, with traders speculating that the Fed may ease its rate-cutting plans to counter potential inflation. 🤷
👀 Since the recent U.S. election, gold has fallen by 5%, while Bitcoin has surged over 20%—signaling a major shift in safe-haven strategies. Bitcoin's 30-day correlation with gold is at its lowest in 11 months. 📉
🔎 Analysts suggest that capital is flowing from traditional safe havens like gold into “digital gold” because Trump’s policies and a strengthening dollar make gold less appealing, with traders speculating that the Fed may ease its rate-cutting plans to counter potential inflation. 🤷
👍14
Crypto soothsayer
Trump Taps Bitcoin Supporter for Defense Secretary Role! 🛡 🗣 Trump announced his pick for Defense Secretary—Pete Hegseth, a veteran and Bitcoin advocate. Known for his patriotism and tough stance, Hegseth has recently voiced strong support for the crypto…
Donald Trump will appoint Matt Gaetz, a supporter of the crypto industry, as U.S. Attorney General
Previously, the congressman introduced a bill allowing Americans to pay federal taxes in BTC, advocated for the deregulation of the crypto industry, and opposed SEC actions. 👊
Previously, the congressman introduced a bill allowing Americans to pay federal taxes in BTC, advocated for the deregulation of the crypto industry, and opposed SEC actions. 👊
🔥11👍6❤3
Coinbase Climbs Back to Top 10 on Apple App Store Amid Bitcoin Surge 🏆
Coinbase is back in the U.S. Apple App Store's top 10, riding high on a Trump-fueled crypto rally that’s taken Bitcoin to new highs above $93,000. 📈
The app skyrocketed from 435th to 8th place, now ranking 9th among free apps and number one in finance. 🚀
Historically, Coinbase’s top App Store ranking has signaled a surge in retail investor activity, often peaking just before market highs. 🤔
Coinbase is back in the U.S. Apple App Store's top 10, riding high on a Trump-fueled crypto rally that’s taken Bitcoin to new highs above $93,000. 📈
The app skyrocketed from 435th to 8th place, now ranking 9th among free apps and number one in finance. 🚀
Historically, Coinbase’s top App Store ranking has signaled a surge in retail investor activity, often peaking just before market highs. 🤔
👍10❤3
⚖️ Polymarket Under DOJ Investigation for not blocking U.S. users who are using VPNs.
🔮 Polymarket, a popular prediction market platform, is under investigation by the DOJ for allegedly allowing U.S. residents to trade on its platform despite a 2022 settlement with the CFTC that prohibits this.
While Polymarket blocks U.S. IPs, experts say this alone may not meet compliance standards, especially with VPNs making it easy for U.S. users to bypass geoblocks. 🌎
It was previously reported that, the FBI conducted searches of the Polymarket CEO and seized his phone and electronics.
A Polymarket representative called the investigation "political retribution by the outgoing Biden administration for correctly predicting Trump’s victory." 🤔
🔮 Polymarket, a popular prediction market platform, is under investigation by the DOJ for allegedly allowing U.S. residents to trade on its platform despite a 2022 settlement with the CFTC that prohibits this.
While Polymarket blocks U.S. IPs, experts say this alone may not meet compliance standards, especially with VPNs making it easy for U.S. users to bypass geoblocks. 🌎
It was previously reported that, the FBI conducted searches of the Polymarket CEO and seized his phone and electronics.
A Polymarket representative called the investigation "political retribution by the outgoing Biden administration for correctly predicting Trump’s victory." 🤔
👍19
📉 Fed Chair’s Comments Push Bitcoin Below $87K
On the night of November 15, Bitcoin briefly dipped below $87,000 after Fed Chair Jerome Powell stated there’s no rush to ease monetary policy.
💬 “The economy shows no signs of needing urgency. Rate changes depend on incoming data and economic outlook,” Powell noted, cutting the odds of a rate reduction on December 16 from 82.5% to 62.4%. ⬇️
As of now, BTC has recovered to $88,000, with daily losses narrowing to 1.2%. Producer price data and stagnant consumer inflation have further dimmed hopes for a policy pause. The market’s waiting—and so is Bitcoin. 📊
On the night of November 15, Bitcoin briefly dipped below $87,000 after Fed Chair Jerome Powell stated there’s no rush to ease monetary policy.
💬 “The economy shows no signs of needing urgency. Rate changes depend on incoming data and economic outlook,” Powell noted, cutting the odds of a rate reduction on December 16 from 82.5% to 62.4%. ⬇️
As of now, BTC has recovered to $88,000, with daily losses narrowing to 1.2%. Producer price data and stagnant consumer inflation have further dimmed hopes for a policy pause. The market’s waiting—and so is Bitcoin. 📊
👍15
🚨 The attorneys general of 18 U.S. states and DEF have filed a lawsuit against the SEC and five commissioners, accusing them of unconstitutional overreach and unfair targeting of the crypto industry! 🧐
📝 The lawsuit highlights how the SEC's enforcement actions against Bitcoin exchanges violated states' rights to regulate their economies.
The plaintiffs are demanding a court order to prohibit the SEC from filing further lawsuits against the industry. 👏
📝 The lawsuit highlights how the SEC's enforcement actions against Bitcoin exchanges violated states' rights to regulate their economies.
The plaintiffs are demanding a court order to prohibit the SEC from filing further lawsuits against the industry. 👏
👍15
🇰🇷South Korea’s top crypto exchange, Upbit, is under investigation for failing to properly verify 500,000–600,000 customer accounts!
👀 Regulators discovered cases where KYC checks were incomplete, including blurry or unverifiable ID submissions.
💸 Potential fines? Up to $75,000 per violation! The exchange could also lose its operating license, with authorities currently reviewing the violations. 🤷
👀 Regulators discovered cases where KYC checks were incomplete, including blurry or unverifiable ID submissions.
💸 Potential fines? Up to $75,000 per violation! The exchange could also lose its operating license, with authorities currently reviewing the violations. 🤷
😱11👍2❤1
🥷 Hacker Who Breached Bitfinex Gets 5 Years in Prison
⚖️ A U.S. court sentenced Ilya Lichtenstein to 5 years in prison for laundering funds from the 2016 Bitfinex hack. Authorities seized 94,643 BTC (~$3.6B in 2022) from Lichtenstein and his wife, Heather Morgan. While both admitted to money laundering, Lichtenstein denied orchestrating the hack.
👀 Despite using advanced techniques like fake IDs, darknet exchanges, and mixers, his sloppy mistakes—like linking accounts to his real name and using Coinbase—led to his capture. 🤷♂️
Morgan’s sentence will be announced on November 18, with prosecutors recommending 18 months. A lesson learned: even "masterminds" can fumble. 🕵️♂️💸
⚖️ A U.S. court sentenced Ilya Lichtenstein to 5 years in prison for laundering funds from the 2016 Bitfinex hack. Authorities seized 94,643 BTC (~$3.6B in 2022) from Lichtenstein and his wife, Heather Morgan. While both admitted to money laundering, Lichtenstein denied orchestrating the hack.
👀 Despite using advanced techniques like fake IDs, darknet exchanges, and mixers, his sloppy mistakes—like linking accounts to his real name and using Coinbase—led to his capture. 🤷♂️
Morgan’s sentence will be announced on November 18, with prosecutors recommending 18 months. A lesson learned: even "masterminds" can fumble. 🕵️♂️💸
👍19
Michael Saylor is confident the U.S. will create a strategic Bitcoin reserve, calling it "the best deal of the 21st century." 🚀
He compared it to past purchases like Manhattan, Louisiana, and Alaska—because, apparently, Bitcoin is the new Louisiana Purchase. 🧐
With the incoming Trump administration and Republican dominance in the Senate, Saylor’s bet on a Bitcoin reserve is gaining traction. 🔥
Saylor bumped into NBA legend Scottie Pippen at the conference—turns out, Pippen’s November Bitcoin price prediction was nothing but net! 🏀💸
He compared it to past purchases like Manhattan, Louisiana, and Alaska—because, apparently, Bitcoin is the new Louisiana Purchase. 🧐
With the incoming Trump administration and Republican dominance in the Senate, Saylor’s bet on a Bitcoin reserve is gaining traction. 🔥
Saylor bumped into NBA legend Scottie Pippen at the conference—turns out, Pippen’s November Bitcoin price prediction was nothing but net! 🏀💸
👍18