Crypto soothsayer
๐จ Justin Sun: FDT is Bankrupt! ๐ฅ Justin Sun claims that First Digital Trust (FDT) canโt return client funds and is de facto bankruptโyet still operates as a public trust in Hong Kong, posing risks to investors. ๐ผ Legal action incoming: Techteryx hasโฆ
โ๏ธ TRON founder Justin Sun is facing a defamation lawsuit from First Digital Trust after alleging the company was insolvent.
His claims briefly caused the FDUSD stablecoin to de-peg on April 3โbut it has since recovered.
๐ First Digital has filed a writ with the Hong Kong High Court, demanding:
โช๏ธAn injunction to stop Sun from making similar claims
โช๏ธA public retraction
โช๏ธDamages for harming its business and contracts
Despite legal threats, Sun has doubled down, accusing First Digital of fraud and calling for regulatory reform in Hong Kong.
A court date hasn't been set yet, but Sun says he "welcomes any legal process." ๐ฟ
His claims briefly caused the FDUSD stablecoin to de-peg on April 3โbut it has since recovered.
๐ First Digital has filed a writ with the Hong Kong High Court, demanding:
โช๏ธAn injunction to stop Sun from making similar claims
โช๏ธA public retraction
โช๏ธDamages for harming its business and contracts
Despite legal threats, Sun has doubled down, accusing First Digital of fraud and calling for regulatory reform in Hong Kong.
A court date hasn't been set yet, but Sun says he "welcomes any legal process." ๐ฟ
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๐ Cardano Founder Predicts $250K Bitcoin & Big Tech Embracing Stablecoins
Charles Hoskinson believes Bitcoin could skyrocket to $250,000 as early as this year, citing adoption growth, favorable regulation, and geopolitical shifts.
๐ฐ The Magnificent 7 (Apple, Amazon, etc.) may start using stablecoins once key U.S. legislation passes โ revolutionizing global payments.
He also expects the market to reignite in late summer, fueled by regulatory clarity and institutional momentum.
Long story short: crypto winter might be melting โ but patience is key. ๐๐
Charles Hoskinson believes Bitcoin could skyrocket to $250,000 as early as this year, citing adoption growth, favorable regulation, and geopolitical shifts.
๐ฐ The Magnificent 7 (Apple, Amazon, etc.) may start using stablecoins once key U.S. legislation passes โ revolutionizing global payments.
He also expects the market to reignite in late summer, fueled by regulatory clarity and institutional momentum.
Long story short: crypto winter might be melting โ but patience is key. ๐๐
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๐ Ethereum vs. Bitcoin: A Historical Comparison ๐
Since its inception in 2015, Ethereum has underperformed Bitcoin in 85% of its trading days. Despite its strong growth and innovation, Ethereum often lags behind Bitcoin in terms of market performance. ๐คท
This highlights Bitcoin's position as the dominant cryptocurrency, with Ethereum often trailing in terms of price action, although it remains a strong contender in the broader blockchain and smart contract ecosystem.
Since its inception in 2015, Ethereum has underperformed Bitcoin in 85% of its trading days. Despite its strong growth and innovation, Ethereum often lags behind Bitcoin in terms of market performance. ๐คท
This highlights Bitcoin's position as the dominant cryptocurrency, with Ethereum often trailing in terms of price action, although it remains a strong contender in the broader blockchain and smart contract ecosystem.
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๐ Ethereum Still Overvalued? Samson Mow Thinks So ๐ง
Samson Mow revisited his August 2022 post, where he called Ethereum overvalued at $1,600 while Bitcoin traded at $21,500.
Fast forward to today โ Bitcoin is at $81,700, but Mow still believes ETH remains overvalued at the same $1,600 level. ๐
His stance highlights ongoing skepticism from Bitcoin maxis toward Ethereum's valuation.
Samson Mow revisited his August 2022 post, where he called Ethereum overvalued at $1,600 while Bitcoin traded at $21,500.
Fast forward to today โ Bitcoin is at $81,700, but Mow still believes ETH remains overvalued at the same $1,600 level. ๐
His stance highlights ongoing skepticism from Bitcoin maxis toward Ethereum's valuation.
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๐ข Bitcoin drops below $79,000 again
The music didnโt last long โ BTC has dipped below $79K after a brief rally.
The drop followed a statement from the White House that total tariffs on China now amount to 145%. This escalation in the U.S.-China trade tension is putting pressure on risk assets, including crypto. ๐
Markets remain highly reactive to geopolitical and macroeconomic shocks โ stay cautious.
The music didnโt last long โ BTC has dipped below $79K after a brief rally.
The drop followed a statement from the White House that total tariffs on China now amount to 145%. This escalation in the U.S.-China trade tension is putting pressure on risk assets, including crypto. ๐
Markets remain highly reactive to geopolitical and macroeconomic shocks โ stay cautious.
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๐จ๐ณ๐ฅ China Strikes Back in Tariff War
Starting April 12, China will hike tariffs on all US goods from 84% to 125% in direct response to Trumpโs latest tariff increase. Beijing says it will ignore any further US levies, declaring there's no market left for US products under current rates.
Tensions are escalating fast โ brace for more market volatility. ๐๐
Starting April 12, China will hike tariffs on all US goods from 84% to 125% in direct response to Trumpโs latest tariff increase. Beijing says it will ignore any further US levies, declaring there's no market left for US products under current rates.
Tensions are escalating fast โ brace for more market volatility. ๐๐
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๐ฐ Tron Dominates L1 Revenues
In the past year, Tron blockchain has generated a massive $2.6B in fees, accounting for 43.3% of all revenue among Layer 1 blockchains. ๐ต
Since November 2024, Tron has consistently collected $60M+ weekly in transaction fees.
๐ Satoshi Club summed it up best:
"This is what a healthy network looks like."
In the past year, Tron blockchain has generated a massive $2.6B in fees, accounting for 43.3% of all revenue among Layer 1 blockchains. ๐ต
Since November 2024, Tron has consistently collected $60M+ weekly in transaction fees.
๐ Satoshi Club summed it up best:
"This is what a healthy network looks like."
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๐ Tariff Shock Hits Crypto and Stocks
Between the recent tariff shock and the announcement of a 90-day pause on new tariffs, Bitcoin dropped 11%, mirroring the pullback in US, European, and Asian stock indices. ๐
Meanwhile, Ethereum fell even harder โ down 22.5%, showing higher volatility and sensitivity to macroeconomic shocks. ๐คท
Between the recent tariff shock and the announcement of a 90-day pause on new tariffs, Bitcoin dropped 11%, mirroring the pullback in US, European, and Asian stock indices. ๐
Meanwhile, Ethereum fell even harder โ down 22.5%, showing higher volatility and sensitivity to macroeconomic shocks. ๐คท
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๐ CoinMarketCap just launched a new Project Profile Rating feature!
With 13.8 million crypto projects out there, it's easy to get lost in the hype. This new metric helps users filter through the noise and find reliable projects. ๐ฐ
The automated algorithm evaluates the importance, relevance, and freshness of key dataโlike token unlock schedules or emission detailsโso you can make smarter investment decisions.๐
With 13.8 million crypto projects out there, it's easy to get lost in the hype. This new metric helps users filter through the noise and find reliable projects. ๐ฐ
The automated algorithm evaluates the importance, relevance, and freshness of key dataโlike token unlock schedules or emission detailsโso you can make smarter investment decisions.๐
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๐จ Malicious npm Campaign Hits Atomic & Exodus Wallets
๐ฅท Cybercriminals have launched a new npm-based supply chain attack using a fake package pdf-to-office. Once installed, it secretly patches Atomic and Exodus crypto wallets on victimsโ devices, replacing destination wallet addresses with those of the attackers โ hijacking all outgoing transactions.
๐ The attack relies on malicious local patching, targeting specific versions of the wallets. Even removing the package doesnโt undo the damage โ users must reinstall their wallets to stay safe.
๐ The package was detected by ReversingLabs using ML-based tools. Itโs part of a broader trend in sophisticated crypto-targeted supply chain attacks that are becoming harder to detect and remove.
๐ก Stay cautious: only install packages from trusted sources and monitor local app behavior.
๐ฅท Cybercriminals have launched a new npm-based supply chain attack using a fake package pdf-to-office. Once installed, it secretly patches Atomic and Exodus crypto wallets on victimsโ devices, replacing destination wallet addresses with those of the attackers โ hijacking all outgoing transactions.
๐ The attack relies on malicious local patching, targeting specific versions of the wallets. Even removing the package doesnโt undo the damage โ users must reinstall their wallets to stay safe.
๐ The package was detected by ReversingLabs using ML-based tools. Itโs part of a broader trend in sophisticated crypto-targeted supply chain attacks that are becoming harder to detect and remove.
๐ก Stay cautious: only install packages from trusted sources and monitor local app behavior.
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๐ค๐ธ โAI-poweredโ shopping app Nate turned out to be more HIโHuman Intelligenceโthan artificial. ๐
Founder Albert Saniger claimed Nate could one-click-buy anything online using cutting-edge AI. Investors threw in $50M. But surprise! The โAIโ was actually hundreds of real people in a Philippine call center manually placing orders.
Turns out the only thing artificially intelligent was the pitch. Now the DOJโs involved, Nate is no more, and investors got rug-pulled by a very human touch. ๐ง โก๏ธ๐ซฑ
If your โAIโ app needs more coffee breaks than code, it might not be AI. โ๏ธ๐
Founder Albert Saniger claimed Nate could one-click-buy anything online using cutting-edge AI. Investors threw in $50M. But surprise! The โAIโ was actually hundreds of real people in a Philippine call center manually placing orders.
Turns out the only thing artificially intelligent was the pitch. Now the DOJโs involved, Nate is no more, and investors got rug-pulled by a very human touch. ๐ง โก๏ธ๐ซฑ
If your โAIโ app needs more coffee breaks than code, it might not be AI. โ๏ธ๐
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๐ 76% chance the Fed wonโt touch interest rates on May 7 - Polymarket bettors say.
Jerome Powell seems set to keep rates steady โ despite calls to cut from Donald Trump, Arthur Hayes, and other โeconomic DJsโ spinning the same track: lower the rates! ๐ง๐
Looks like the Fed is staying cool under pressure โ no pivot (yet). Let the betting continue. ๐ผ๐ธ
Jerome Powell seems set to keep rates steady โ despite calls to cut from Donald Trump, Arthur Hayes, and other โeconomic DJsโ spinning the same track: lower the rates! ๐ง๐
Looks like the Fed is staying cool under pressure โ no pivot (yet). Let the betting continue. ๐ผ๐ธ
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๐ S&P 500 now wilder than Bitcoin?!
According to Bloomberg, the 10-day historical volatility of the S&P 500 has hit a whopping 76.8%, outpacing Bitcoin's 72.9%. Yes, you read that right โ Wall Street's gone more degen than crypto. ๐คฏ๐
ETF analyst Eric Balchunas called it โcrazy,โ noting normal levels are usually around 10โ15%. The spike in volatility follows new trade tariffs from Trumpโs team โ proving once again that traditional markets can throw a bigger tantrum than BTC on a bad day.
According to Bloomberg, the 10-day historical volatility of the S&P 500 has hit a whopping 76.8%, outpacing Bitcoin's 72.9%. Yes, you read that right โ Wall Street's gone more degen than crypto. ๐คฏ๐
ETF analyst Eric Balchunas called it โcrazy,โ noting normal levels are usually around 10โ15%. The spike in volatility follows new trade tariffs from Trumpโs team โ proving once again that traditional markets can throw a bigger tantrum than BTC on a bad day.
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๐Since the beginning of March, wallets holding 1,000+ BTC have stacked up over 100,000 BTC โ thatโs a cool $8.3 billion in dip-buying. ๐ธ
While retail watches nervously from the sidelines, the big fish are silently loading their bags. Looks like the โsmart moneyโ doesnโt mind a little market chill โ theyโre turning it into a fire sale. ๐ฅ
๐ Source: CryptoQuant
While retail watches nervously from the sidelines, the big fish are silently loading their bags. Looks like the โsmart moneyโ doesnโt mind a little market chill โ theyโre turning it into a fire sale. ๐ฅ
๐ Source: CryptoQuant
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๐บ๐ธ Binance wants back in the U.S. โ and might bring Trump tokens with it ๐๐ฐ
According to WSJ, Binance is chatting with the U.S. Treasury about loosening anti-money laundering oversight so it can return to the American market.
But wait โ thereโs more drama: Binance is also flirting with Trumpโs crypto project, World Liberty Financial. If the deal goes through, it could pump out $USD1 stablecoinsโ potentially netting the Trump fam billions.
After the $4.3B fine in 2023, Binance sees a Trump alliance as a golden ticket to regulatory redemption. Apparently, theyโre banking on support from the very top. ๐
According to WSJ, Binance is chatting with the U.S. Treasury about loosening anti-money laundering oversight so it can return to the American market.
But wait โ thereโs more drama: Binance is also flirting with Trumpโs crypto project, World Liberty Financial. If the deal goes through, it could pump out $USD1 stablecoinsโ potentially netting the Trump fam billions.
After the $4.3B fine in 2023, Binance sees a Trump alliance as a golden ticket to regulatory redemption. Apparently, theyโre banking on support from the very top. ๐
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๐ Over the past 30 days, Ethereum has processed a record-breaking $1.18 trillion in stablecoin transfers โ the highest in its history!
This figure is nearly double the amount moved via Tron, Ethereum's closest competitor in this space. ๐ต
The surge highlights Ethereumโs dominant role in the stablecoin ecosystem, despite high fees and scalability challenges.
Its network remains the go-to platform for major stablecoin activity, reflecting strong trust and adoption. ๐ช
This figure is nearly double the amount moved via Tron, Ethereum's closest competitor in this space. ๐ต
The surge highlights Ethereumโs dominant role in the stablecoin ecosystem, despite high fees and scalability challenges.
Its network remains the go-to platform for major stablecoin activity, reflecting strong trust and adoption. ๐ช
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๐จ $OM, the token of Layer 1 RWA-focused blockchain MANTRA, plunged 90% in just 90 minutes on Sunday, triggering panic across the crypto community. ๐
The team claims the crash was caused by "reckless liquidations" from a major investor on a centralized exchange โ not a rug pull or insider sell-off. ๐
Still, community trust is shaken as MANTRAโs Telegram group went offline and concerns resurface over token supply control and low TVL (~$13M vs. $9.5B FDV). ๐งจ
Amid accusations, co-founder Mullin insists the team is investigating and remains committed to recovery.
The team claims the crash was caused by "reckless liquidations" from a major investor on a centralized exchange โ not a rug pull or insider sell-off. ๐
Still, community trust is shaken as MANTRAโs Telegram group went offline and concerns resurface over token supply control and low TVL (~$13M vs. $9.5B FDV). ๐งจ
Amid accusations, co-founder Mullin insists the team is investigating and remains committed to recovery.
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