π February: Bitcoinβs Lucky Month? π
Historically, February has been one of the greenest months for BTC. To keep the streak alive and avoid marking only the third red February ever, Bitcoin needs to close above $102,500. ππ₯Ί
Will the bulls step up, or is history about to get a rare red mark? π€π₯
Historically, February has been one of the greenest months for BTC. To keep the streak alive and avoid marking only the third red February ever, Bitcoin needs to close above $102,500. ππ₯Ί
Will the bulls step up, or is history about to get a rare red mark? π€π₯
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Altseason is Here? π§
According to CryptoQuant CEO, altseason has begun! π
Is this really the altseason weβve been waiting for? π€π
According to CryptoQuant CEO, altseason has begun! π
No direct BTC-to-alt rotation, but stablecoin holders are favoring alts. Alt volume is 2.7x BTC. BTC Dominance no longer defines alt seasonβtrading volume does.
Itβs a very selective alt season tho. DYOR.
Is this really the altseason weβve been waiting for? π€π
π16π2π1
A former employee of Bybit's service provider was sentenced to 10 years in prison for a $5,700,000 fraud! ππ°
A former fintech employee in Singapore, Ho Kai Xin, scammed $5.7M, mostly in crypto, by editing Excel payroll files to funnel funds into her own wallets. She splurged on a $3.7M penthouse, a Mercedes-Benz, and Louis Vuitton goodsβuntil reality caught up. π΅π
βοΈ Ho was sentenced to nearly 10 years in jail, but not before ignoring court orders and blowing another $840K. ByBit managed to recover some funds, but millions remain missing. π€·
A former fintech employee in Singapore, Ho Kai Xin, scammed $5.7M, mostly in crypto, by editing Excel payroll files to funnel funds into her own wallets. She splurged on a $3.7M penthouse, a Mercedes-Benz, and Louis Vuitton goodsβuntil reality caught up. π΅π
βοΈ Ho was sentenced to nearly 10 years in jail, but not before ignoring court orders and blowing another $840K. ByBit managed to recover some funds, but millions remain missing. π€·
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π¦π·πͺ Milei Gifts Musk a ChainsawβSymbol of Budget Cuts
Argentinian President Javier Milei gave Elon Musk a chainsaw, representing his fight against corruption and budget cuts. In true Musk fashion, he updated his Twitter avatar and now seems ready to audit the Fed. π
Chainsaw diplomacy or just another meme in the making? π€π₯
Argentinian President Javier Milei gave Elon Musk a chainsaw, representing his fight against corruption and budget cuts. In true Musk fashion, he updated his Twitter avatar and now seems ready to audit the Fed. π
Chainsaw diplomacy or just another meme in the making? π€π₯
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π Solana Leaves ETH & BTC in the Dust?
Solana now has 10x more daily active users than Ethereum and Bitcoin! The shift happened in January 2024 and is still holding strong. π
But before calling it a flippening, rememberβthe chart doesnβt account for Layer 2 networks. Is Solana truly dominating, or is there more to the story? π€π₯
Solana now has 10x more daily active users than Ethereum and Bitcoin! The shift happened in January 2024 and is still holding strong. π
But before calling it a flippening, rememberβthe chart doesnβt account for Layer 2 networks. Is Solana truly dominating, or is there more to the story? π€π₯
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π° Pig Butchering Scams Rake in $5.5B in 2024
According to Cyvers, this scheme is now the biggest threat to retail investors and platforms in early 2025. π¨
π· Pig Butchering works by luring victims into fake investments, building trust, and encouraging bigger depositsβonly to vanish with the funds once the "pig" is fat enough. πͺ
Stay sharp and donβt get slaughtered! β οΈπ«
According to Cyvers, this scheme is now the biggest threat to retail investors and platforms in early 2025. π¨
π· Pig Butchering works by luring victims into fake investments, building trust, and encouraging bigger depositsβonly to vanish with the funds once the "pig" is fat enough. πͺ
Stay sharp and donβt get slaughtered! β οΈπ«
π8πΎ1
CryptoQuant CEO on the Bull Cycle π
Wellβ¦ in the last 7 trading days, Bitcoin ETFs saw a net outflow of $1.057B! π¬ Is the bear cycle knocking on the door, or just a temporary shakeout? π»π
"This bull cycle would last until significant ETF outflows emerge. Prolonged net negative demand would signal the start of a bear cycle" - says CryptoQuantβs CEO.
Wellβ¦ in the last 7 trading days, Bitcoin ETFs saw a net outflow of $1.057B! π¬ Is the bear cycle knocking on the door, or just a temporary shakeout? π»π
π8π€2β€1
πΊπΈπ° Bitcoin to Save the US Economy?
VanEck analysts claim that if the US accumulates 1M BTC by 2029, it could help offset $21T of national debt by 2049. π
Sounds like a bold planβbut can Bitcoin really fix Americaβs financial woes, or is this just another bullish fantasy? π€π
VanEck analysts claim that if the US accumulates 1M BTC by 2029, it could help offset $21T of national debt by 2049. π
Sounds like a bold planβbut can Bitcoin really fix Americaβs financial woes, or is this just another bullish fantasy? π€π
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πΊπΈβ‘οΈ Saylor: The US Must Buy 20% of Bitcoin Before China & Russia Do
Michael Saylor warns that digital economic dominance is at stakeβand the US must secure 20% of Bitcoinβs supply before global rivals like China and Russia take the lead. π
With 478,740 BTC ($45B), Saylorβs firm (ex-MicroStrategy) leads corporate holdingsβbut will Washington follow his call? π€π₯
Michael Saylor warns that digital economic dominance is at stakeβand the US must secure 20% of Bitcoinβs supply before global rivals like China and Russia take the lead. π
"Bitcoin is the foundation of the 21st-century economy. If others buy first, theyβll lock the US out of the future financial order."
With 478,740 BTC ($45B), Saylorβs firm (ex-MicroStrategy) leads corporate holdingsβbut will Washington follow his call? π€π₯
π12β€2
β½οΈ Ethereum Transaction Fees Hit 4-Year Low!
The cost of transactions on the Ethereum network has dropped to a 4-year low at just $0.94.
π» Additionally, the median gas price has returned to its historic minimum of 1.39 Gwei, a level last seen in 2020.
Is this a sign of reduced network activity or a more efficient blockchain? π€
The cost of transactions on the Ethereum network has dropped to a 4-year low at just $0.94.
π» Additionally, the median gas price has returned to its historic minimum of 1.39 Gwei, a level last seen in 2020.
Is this a sign of reduced network activity or a more efficient blockchain? π€
π10β€1
π¨ ByBit Hacked β $1.1B Lost!
ByBit has suffered a major security breach. 401,346 wrapped ETH (~$1.1B) was withdrawn from an exchange wallet and immediately swapped for regular ETH on DEX.
ByBitβs CEO confirmed that a hacker gained control of a cold Ethereum wallet and moved all ETH to an unknown address. π
π ZachXBT also flagged this as a confirmed hack.
Stay alert β more updates to come! β οΈ
ByBit has suffered a major security breach. 401,346 wrapped ETH (~$1.1B) was withdrawn from an exchange wallet and immediately swapped for regular ETH on DEX.
ByBitβs CEO confirmed that a hacker gained control of a cold Ethereum wallet and moved all ETH to an unknown address. π
π ZachXBT also flagged this as a confirmed hack.
Stay alert β more updates to come! β οΈ
π11π€―5
Crypto soothsayer
π¨ ByBit Hacked β $1.1B Lost! ByBit has suffered a major security breach. 401,346 wrapped ETH (~$1.1B) was withdrawn from an exchange wallet and immediately swapped for regular ETH on DEX. ByBitβs CEO confirmed that a hacker gained control of a cold Ethereumβ¦
A massive 560,000,000 USDT transaction was just sent to Bybit! π€―
With the recent hack and ongoing security concerns, whatβs really going on? π
With the recent hack and ongoing security concerns, whatβs really going on? π
π€―23π6π2
π¨ Bybit Restores Withdrawals After $1.5B Hack
Bybit CEO Ben Zhou confirmed that all withdrawals have been processed, and the system has returned to a normal pace after the largest hack in crypto history.
π‘ Key Updates:
πΉ Users can now withdraw funds without delays.
πΉ A full incident report & security assessment will be released soon.
πΉ Bitget & Crypto.com have pledged support, with Bitget transferring 40,000 ETH ($105M) to help.
The response from Bybitβs team has been praised as a masterclass in crisis management. Stay tuned for further updates! π
Bybit CEO Ben Zhou confirmed that all withdrawals have been processed, and the system has returned to a normal pace after the largest hack in crypto history.
π‘ Key Updates:
πΉ Users can now withdraw funds without delays.
πΉ A full incident report & security assessment will be released soon.
πΉ Bitget & Crypto.com have pledged support, with Bitget transferring 40,000 ETH ($105M) to help.
The response from Bybitβs team has been praised as a masterclass in crisis management. Stay tuned for further updates! π
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π₯· Bybit Hack Linked to North Korean Lazarus Group!
π Arkham launched a $32,000 bounty (50,000 ARKM) for information on the Bybit hacker. Just one hour later, blockchain investigator ZachXBT provided definitive proof that the attack was carried out by Lazarus Group β a notorious North Korean hacking syndicate.
π His findings include:
βͺοΈTest transactions and linked wallets used before the hack.
βͺοΈForensic graphs & timing analysis.
The report has been shared with Bybit to aid their investigation. π
π Arkham launched a $32,000 bounty (50,000 ARKM) for information on the Bybit hacker. Just one hour later, blockchain investigator ZachXBT provided definitive proof that the attack was carried out by Lazarus Group β a notorious North Korean hacking syndicate.
π His findings include:
βͺοΈTest transactions and linked wallets used before the hack.
βͺοΈForensic graphs & timing analysis.
The report has been shared with Bybit to aid their investigation. π
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π₯ Arthur Hayes and Samson Mow Proposes Ethereum Rollback After Bybit Hack
π Arthur Hayes suggested rolling back Ethereum to the block before the $1.5B Bybit hack, arguing it would help both the exchange and hodlers. π
He compares Ethereum to BNB, calling it "DeFi on CZβs computer."
π₯Έ Bitcoin maximalist Samson Mow supports the idea, claiming ETH rollback would prevent $1.4B from fueling North Koreaβs nuclear program.
π Proposed Plan:
1οΈβ£ Pause all ETH trading.
2οΈβ£ Pre-hack chain keeps the ETH ticker.
3οΈβ£ The hacked chain is renamed ETHNK (North Korean ETH).
4οΈβ£ ETH, ETHNK, and ETC continue separately.
5οΈβ£ ETHNK gets delisted from Coinbase immediately.
Will Ethereum devs consider this radical move? π€
π Arthur Hayes suggested rolling back Ethereum to the block before the $1.5B Bybit hack, arguing it would help both the exchange and hodlers. π
π¬ "ETH stopped being money after the 2016 DAO fork. If we already voted no on immutability then, why not do it again?"
He compares Ethereum to BNB, calling it "DeFi on CZβs computer."
π₯Έ Bitcoin maximalist Samson Mow supports the idea, claiming ETH rollback would prevent $1.4B from fueling North Koreaβs nuclear program.
π Proposed Plan:
1οΈβ£ Pause all ETH trading.
2οΈβ£ Pre-hack chain keeps the ETH ticker.
3οΈβ£ The hacked chain is renamed ETHNK (North Korean ETH).
4οΈβ£ ETH, ETHNK, and ETC continue separately.
5οΈβ£ ETHNK gets delisted from Coinbase immediately.
Will Ethereum devs consider this radical move? π€
π15π€1
Crypto soothsayer
π₯· Bybit Hack Linked to North Korean Lazarus Group! π Arkham launched a $32,000 bounty (50,000 ARKM) for information on the Bybit hacker. Just one hour later, blockchain investigator ZachXBT provided definitive proof that the attack was carried out by Lazarusβ¦
π° Kim Jong Un β Now a Top ETH Holder?
π₯· Following the $1.5B Bybit hack, North Korea may have become the 14th largest ETH holder globally β surpassing Vitalik Buterin and even the Ethereum Foundation. π
With Lazarus Group identified as the attackers, the stolen funds could now be under Kim Jong Unβs control. Whatβs next for these assets? π€
π₯· Following the $1.5B Bybit hack, North Korea may have become the 14th largest ETH holder globally β surpassing Vitalik Buterin and even the Ethereum Foundation. π
With Lazarus Group identified as the attackers, the stolen funds could now be under Kim Jong Unβs control. Whatβs next for these assets? π€
π13π€4β€2π₯2
π° Bybit Covers $1.4B Hack Losses
Bybit CEO Ben Zhou announced that the exchange has fully restored its Ethereum reserves after the record-breaking $1.4B hack. A Proof-of-Reserves (PoR) report is coming soon. β³
How did they do it? π€ According to Lookonchain, Bybit covered the deficit using borrowed funds, whale deposits, and OTC ETH purchases.
Despite losing 400,000+ ETH from a cold wallet on Feb 21, Bybit avoided a liquidity crisis and kept withdrawals running.π₯
Bybit CEO Ben Zhou announced that the exchange has fully restored its Ethereum reserves after the record-breaking $1.4B hack. A Proof-of-Reserves (PoR) report is coming soon. β³
How did they do it? π€ According to Lookonchain, Bybit covered the deficit using borrowed funds, whale deposits, and OTC ETH purchases.
Despite losing 400,000+ ETH from a cold wallet on Feb 21, Bybit avoided a liquidity crisis and kept withdrawals running.π₯
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π¨ Infini Crypto Bank Hacked for $50M!
Hackers just drained $50M from Infini, according to SpotOnChain. While itβs nowhere near Bybitβs $1.4B disaster, the trend is getting scary. π¬
Another day, another crypto hackβwhoβs next? π₯
Hackers just drained $50M from Infini, according to SpotOnChain. While itβs nowhere near Bybitβs $1.4B disaster, the trend is getting scary. π¬
Another day, another crypto hackβwhoβs next? π₯
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π₯· Meet the Leader of Lazarus Hackers!
His name is Pak Inβa North Korean hacker wanted by the FBI. π΅οΈββοΈ
π Studied at Kim Chaek University of Technology (Pyongyang)
πΌ Worked at Chosun Expo, a Lazarus Group front company
π» Accused of launching WannaCry, the ransomware that hit 150+ countries
π° Lazarusβ Biggest Heists:
π Bangladesh Central Bank β $81M
π Axie Infinity (Ronin Bridge) β $625M
π Harmony Bridge β $100M
π Stake.com β $41M
π Atomic Wallet β $100M
π WazirX β $230M
π Bybit β $1.4B (Record-breaking!)
His name is Pak Inβa North Korean hacker wanted by the FBI. π΅οΈββοΈ
π Studied at Kim Chaek University of Technology (Pyongyang)
πΌ Worked at Chosun Expo, a Lazarus Group front company
π» Accused of launching WannaCry, the ransomware that hit 150+ countries
π° Lazarusβ Biggest Heists:
π Bangladesh Central Bank β $81M
π Axie Infinity (Ronin Bridge) β $625M
π Harmony Bridge β $100M
π Stake.com β $41M
π Atomic Wallet β $100M
π WazirX β $230M
π Bybit β $1.4B (Record-breaking!)
π₯18π7β€3
π Strategy Buys Another 20,356 BTC for $1.99B
Michael Saylorβs Strategy just grabbed 20,356 BTC at $97,514 per coin, bringing their total holdings to 499,096 BTC ($33.1B spent).
π Average buy price: $66,357
π° Unrealized profit: $14.8B+
Saylor keeps stackingβis there ever a top? π€―π₯
Michael Saylorβs Strategy just grabbed 20,356 BTC at $97,514 per coin, bringing their total holdings to 499,096 BTC ($33.1B spent).
π Average buy price: $66,357
π° Unrealized profit: $14.8B+
Saylor keeps stackingβis there ever a top? π€―π₯
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