🕵️♂️ ZachXBT, an on-chain detective, claims that hacks and money laundering are far too easy, with exchanges and protocols responding far too slowly. 👀
He argues that "decentralized" projects profit largely from illegal transactions without taking responsibility, while centralized exchanges are even worse, taking hours to block funds while laundering occurs in minutes. 🤷
ZachXBT also criticized KYT for vulnerabilities and KYC for being ineffective, as accounts are often bought. He pointed out the $1.4 billion money laundering case involving North Korea as a glaring example of the industry's flaws. 🧐
He argues that "decentralized" projects profit largely from illegal transactions without taking responsibility, while centralized exchanges are even worse, taking hours to block funds while laundering occurs in minutes. 🤷
ZachXBT also criticized KYT for vulnerabilities and KYC for being ineffective, as accounts are often bought. He pointed out the $1.4 billion money laundering case involving North Korea as a glaring example of the industry's flaws. 🧐
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🚀 Big win for Ripple!
The SEC is withdrawing its appeal in the case against Ripple, and XRP is soaring on the news!
Brad Garlinghouse celebrates, while traders rush to catch the wave. Bullish times ahead for XRP? 🤔🔥
The SEC is withdrawing its appeal in the case against Ripple, and XRP is soaring on the news!
Brad Garlinghouse celebrates, while traders rush to catch the wave. Bullish times ahead for XRP? 🤔🔥
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📢 Jerome Powell (Fed Chair) on the U.S. Economy
🔹 The U.S. economy remains strong, and the labor market is stable.
🔹 Inflation is still somewhat elevated, with recent data showing slowing consumer spending.
🔹 Economic uncertainty has increased, and inflation expectations are rising, mainly due to tariffs.
🔹 The Fed is in no rush to change interest rates and is closely monitoring the situation.
🔹 If the labor market weakens, monetary policy could be adjusted.
🔹 The Fed decided to slow down the pace of balance sheet reduction (QT).
🚀 Bitcoin reaction: After Powell's speech, BTC surged to $87,400 but has since corrected to around $86,000.
🔹 The U.S. economy remains strong, and the labor market is stable.
🔹 Inflation is still somewhat elevated, with recent data showing slowing consumer spending.
🔹 Economic uncertainty has increased, and inflation expectations are rising, mainly due to tariffs.
🔹 The Fed is in no rush to change interest rates and is closely monitoring the situation.
🔹 If the labor market weakens, monetary policy could be adjusted.
🔹 The Fed decided to slow down the pace of balance sheet reduction (QT).
🚀 Bitcoin reaction: After Powell's speech, BTC surged to $87,400 but has since corrected to around $86,000.
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Bitcoin Demand Surges 👀
The market is seeing a high demand for BTC, comparable to the period after the FTX collapse when the bear market bottom was formed. 🤔
Since February 23, when BTC was priced at $96,000, new investors have acquired 172,705 BTC, indicating strong accumulation. 💰
📊 Source: CryptoQuant
The market is seeing a high demand for BTC, comparable to the period after the FTX collapse when the bear market bottom was formed. 🤔
Since February 23, when BTC was priced at $96,000, new investors have acquired 172,705 BTC, indicating strong accumulation. 💰
📊 Source: CryptoQuant
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Another crypto investor lost over $300,000 after copying the wrong address from their transaction history! 🙀💸
Always double-check addresses before sending funds—one small mistake can be irreversible! ⚠️
Always double-check addresses before sending funds—one small mistake can be irreversible! ⚠️
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🤔 Arthur Hayes predicts that quantitative tightening (QT) will likely end by April 1, 2025.
🔸Crypto needs new stimulus, such as money printing (QE), to fuel growth.
🔸Bitcoin has likely bottomed at $77,000, but the stock market may dip further before the Fed pivots.
Hayes has changed his stance again—this time, he's bullish! 📈🔥
🔸Crypto needs new stimulus, such as money printing (QE), to fuel growth.
🔸Bitcoin has likely bottomed at $77,000, but the stock market may dip further before the Fed pivots.
Hayes has changed his stance again—this time, he's bullish! 📈🔥
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💵 US Crypto Reserve Gets a Boost from Gotbit CEO 🌚
Almost six months ago, Gotbit CEO Andryunin was arrested for financial fraud involving cryptocurrencies. He faced up to 25 years in prison, but instead, it was announced that the US authorities would forfeit $23 million worth of his crypto assets. 💰
This amount will likely be added to the US crypto reserve, which, as revealed earlier, is only replenished through confiscations, not government purchases.
It seems that now many crypto offenders might have a legal way out—contribute to the "development of the US reserve" and walk free. But is this really a fair solution? 🤔
Almost six months ago, Gotbit CEO Andryunin was arrested for financial fraud involving cryptocurrencies. He faced up to 25 years in prison, but instead, it was announced that the US authorities would forfeit $23 million worth of his crypto assets. 💰
This amount will likely be added to the US crypto reserve, which, as revealed earlier, is only replenished through confiscations, not government purchases.
It seems that now many crypto offenders might have a legal way out—contribute to the "development of the US reserve" and walk free. But is this really a fair solution? 🤔
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💎 Pavel Durov has acquired an exclusive username on Telegram for Elon Musk.
In response, Elon congratulated the Telegram founder on reaching 1 billion active users. 🍾
🤖 When asked about integration with Grok, Musk's AI, Durov confirmed it's happening.
Today, Telegram Premium users have access to the @GrokAI bot with no request limits.
Musk could become a valuable ally for Durov in expanding Telegram's presence in the US market. 🧐
In response, Elon congratulated the Telegram founder on reaching 1 billion active users. 🍾
🤖 When asked about integration with Grok, Musk's AI, Durov confirmed it's happening.
Today, Telegram Premium users have access to the @GrokAI bot with no request limits.
Musk could become a valuable ally for Durov in expanding Telegram's presence in the US market. 🧐
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🐋 Whales Are Accumulating Bitcoin Again!
IntoTheBlock reports that after nearly a year of decline, the balance of Bitcoin held by whales has increased by 62,000 BTC ($5.3B) in March. 💰
This significant accumulation could be a sign of a trend reversal, indicating growing bullish sentiment among large investors. Keep an eye on the market! 📊
IntoTheBlock reports that after nearly a year of decline, the balance of Bitcoin held by whales has increased by 62,000 BTC ($5.3B) in March. 💰
This significant accumulation could be a sign of a trend reversal, indicating growing bullish sentiment among large investors. Keep an eye on the market! 📊
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Crypto soothsayer
📉 The Bull Market Is Over? 🔎 CryptoQuant CEO claims that all on-chain metrics indicate the start of a bearish cycle, predicting 6–12 months of a bear market or sideways movement. 🔹 Standard Chartered has lowered its ETH target from $10,000 to $4,000, though…
📊 According to trader Plan B, the real Bitcoin bull market hasn’t even started yet—so a bear market is out of the question.
He considers the rise from $15K to the last ATH just an early bull market phase. Before a true bear market begins, there must be a distribution phase.
🚀 His logic? No confirmed bull market = no bear market. 🔄
Is Bitcoin still warming up for its biggest rally? 👀
He considers the rise from $15K to the last ATH just an early bull market phase. Before a true bear market begins, there must be a distribution phase.
🚀 His logic? No confirmed bull market = no bear market. 🔄
Is Bitcoin still warming up for its biggest rally? 👀
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🔥 In 2024, Tether became the 7th largest buyer of U.S. Treasury bonds—surpassing Canada, Taiwan, Mexico, and several other countries. 🇺🇸💰
Stablecoins are playing an increasingly significant role in global finance. What’s next for USDT? 👀
Stablecoins are playing an increasingly significant role in global finance. What’s next for USDT? 👀
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Crypto soothsayer
🚨 Infini Crypto Bank Hacked for $50M! Hackers just drained $50M from Infini, according to SpotOnChain. While it’s nowhere near Bybit’s $1.4B disaster, the trend is getting scary. 😬 Another day, another crypto hack—who’s next? 🔥
🥷 Hack or Insider Theft?
Hong Kong-based payment platform Infini lost nearly $50M USDC on Feb 24. Initially reported as a hack, the project now accuses its own developer of stealing the funds by transferring them from a multi-signature wallet to his personal account. 👀
Infini also fears he may gamble away the stolen assets. 🎲💸
Another reminder to always secure admin privileges in crypto projects! 🔐
Hong Kong-based payment platform Infini lost nearly $50M USDC on Feb 24. Initially reported as a hack, the project now accuses its own developer of stealing the funds by transferring them from a multi-signature wallet to his personal account. 👀
Infini also fears he may gamble away the stolen assets. 🎲💸
Another reminder to always secure admin privileges in crypto projects! 🔐
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🐳 Ethereum Whale Cashes Out After 8 Years! 🚀
Spot On Chain detected a massive ETH whale moving after 8 years of holding! 👀
🔹 Transferred 34,125 ETH to Coinbase
🔹 Initial buy: March 2017 at $46.3 per ETH
🔹 Total profit: $65.66M (+4,156%) 💰
But he clearly held on for too long—he could have sold ETH for twice the price with little effort. 👀
Spot On Chain detected a massive ETH whale moving after 8 years of holding! 👀
🔹 Transferred 34,125 ETH to Coinbase
🔹 Initial buy: March 2017 at $46.3 per ETH
🔹 Total profit: $65.66M (+4,156%) 💰
But he clearly held on for too long—he could have sold ETH for twice the price with little effort. 👀
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🚀 BTC at $87,000! Not a bad start to the week.
Michael Saylor say this is just the beginning—next stop, $444,000? 🤯
With $4.5 trillion in put options expiring last week, Michael Saylor believes BTC is set to rise. 📈🔥
Are we moon-bound or just getting started? 🚀👀
Michael Saylor say this is just the beginning—next stop, $444,000? 🤯
With $4.5 trillion in put options expiring last week, Michael Saylor believes BTC is set to rise. 📈🔥
Are we moon-bound or just getting started? 🚀👀
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🚀 Arthur Hayes bets on $110K BTC!
According to him, BTC will hit $110K before dropping back to $76.5K. Why? 💰📈
The Fed is shifting from QT to QE, and tariffs? Meh, “transitory inflation” got it covered. 😆
Full breakdown coming in his next essay—until then, just HODL and enjoy the ride! 🎢🔥
According to him, BTC will hit $110K before dropping back to $76.5K. Why? 💰📈
The Fed is shifting from QT to QE, and tariffs? Meh, “transitory inflation” got it covered. 😆
Full breakdown coming in his next essay—until then, just HODL and enjoy the ride! 🎢🔥
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🚀 Bitcoin ETFs are back in the green!
After five straight weeks of outflows, last week saw a $744.35M net inflow into spot Bitcoin ETFs. 📈💰
Trend reversal or just a breather? 🤔
🔗 SoSoValue Data
After five straight weeks of outflows, last week saw a $744.35M net inflow into spot Bitcoin ETFs. 📈💰
Trend reversal or just a breather? 🤔
🔗 SoSoValue Data
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