๐คฃ The SEC just lost Gary Genslerโs emails (Oct 2022 โ Sep 2023) โ yes, the ones tied to crypto regulation
Internal audit says: blame the IT department:
โช๏ธ No backups,
โช๏ธ Ignored alerts,
โช๏ธ Bugs left unfixed.
So the regulator that wants to control cryptoโฆ canโt even ctrl+S its own files ๐คท
Internal audit says: blame the IT department:
โช๏ธ No backups,
โช๏ธ Ignored alerts,
โช๏ธ Bugs left unfixed.
So the regulator that wants to control cryptoโฆ canโt even ctrl+S its own files ๐คท
๐7๐5
Crypto soothsayer
๐ WLFI reveals details on wallet freezes According to official data, $WLFI is frozen on 272 wallets: โช๏ธ 215 โ hacked; โช๏ธ 50 โ owners reported compromise; โช๏ธ 5 โ flagged as high risk; โช๏ธ 1 โ suspected of stealing other usersโ funds. WLFI says freezes areโฆ
Polygon DevRel Bruno Skvorc also got banned from WLFI โ his tokens wonโt be unlocked ๐
He called it โone of the biggest scams in history,โ comparing WLFI to a โnew-age mafiaโ: they stole my money, and thereโs no one to complain to, no one to sue, nothing to do. ๐บ๐ธ๐ฅท
The project continues to face harsh criticism as more victims step forward.
He called it โone of the biggest scams in history,โ comparing WLFI to a โnew-age mafiaโ: they stole my money, and thereโs no one to complain to, no one to sue, nothing to do. ๐บ๐ธ๐ฅท
The project continues to face harsh criticism as more victims step forward.
๐4โค3๐2๐ซก1
๐ฉ๐ช Germany failed to seize part of the Bitcoin stash tied to the Movie2K piracy site ๐คท
๐ Arkham reports 45,000 BTC ($5B) still sit untouched across 100+ wallets since 2019, likely controlled by the siteโs operators.
Earlier in 2024, authorities did manage to seize ~50,000 BTC, selling them for nearly $2.9B.
๐ Arkham reports 45,000 BTC ($5B) still sit untouched across 100+ wallets since 2019, likely controlled by the siteโs operators.
Earlier in 2024, authorities did manage to seize ~50,000 BTC, selling them for nearly $2.9B.
๐5โค1
๐ณ Dormant ETH giants are waking up:
โข An Ethereum Foundation-linked wallet moved 4,000 ETH ($17.2M) after 9 years of silence.
โข A whale from 2019 deposited 21,178 ETH ($90.7M) to Bitfinex and shifted another 37,760 ETH (~$161.8M) to fresh wallets.
He originally bought ~59K ETH for $12M โ now worth over $240M. Long hold paid off. ๐
โข An Ethereum Foundation-linked wallet moved 4,000 ETH ($17.2M) after 9 years of silence.
โข A whale from 2019 deposited 21,178 ETH ($90.7M) to Bitfinex and shifted another 37,760 ETH (~$161.8M) to fresh wallets.
He originally bought ~59K ETH for $12M โ now worth over $240M. Long hold paid off. ๐
๐7๐3
๐ฐ Big moves in crypto treasuries:
โช๏ธ Strategy added 1,955 BTC ($217.4M), now holding 638,460 BTC worth $47.17B at ~$73,880 avg.
โช๏ธ Metaplanet bought 136 BTC, total 20,136 BTC โ exactly 1 year since its first purchase.
โช๏ธ ๐ธ๐ป El Salvador marked Bitcoin Lawโs 4th anniversary with a symbolic 21 BTC buy, lifting reserves to 6,313 BTC (~$701M).
โช๏ธ Bitmine added 200K+ ETH, crossing 2M ETH (~$9B) โ the largest ETH treasury globally.
โช๏ธ Meanwhile, Forward Industries (FORD) raised $1.65B from Galaxy, Jump & Multicoin to bet on Solana โ stock pumped 120% before cooling, while SOL jumped 5%+. ๐
โช๏ธ Strategy added 1,955 BTC ($217.4M), now holding 638,460 BTC worth $47.17B at ~$73,880 avg.
โช๏ธ Metaplanet bought 136 BTC, total 20,136 BTC โ exactly 1 year since its first purchase.
โช๏ธ ๐ธ๐ป El Salvador marked Bitcoin Lawโs 4th anniversary with a symbolic 21 BTC buy, lifting reserves to 6,313 BTC (~$701M).
โช๏ธ Bitmine added 200K+ ETH, crossing 2M ETH (~$9B) โ the largest ETH treasury globally.
โช๏ธ Meanwhile, Forward Industries (FORD) raised $1.65B from Galaxy, Jump & Multicoin to bet on Solana โ stock pumped 120% before cooling, while SOL jumped 5%+. ๐
๐6
๐ฅณ Markets are fully pricing in a 100% chance of a Fed rate cut this month
๐ Probabilities:
โข 25 bps cut โ 88.4%
โข 50 bps cut โ 11.6%
Crypto investors love it โ Bitcoin is trading above $113K ๐
๐ Probabilities:
โข 25 bps cut โ 88.4%
โข 50 bps cut โ 11.6%
Crypto investors love it โ Bitcoin is trading above $113K ๐
๐ฅ6
๐บ๐ธ The US Congress is reviewing a bill that would require the Treasury to explore creating a โStrategic Bitcoin Reserveโ and an official Digital Asset Stockpile
If passed, the US could join nations actively building state-level crypto reserves โ a major shift in how governments view Bitcoin. ๐
If passed, the US could join nations actively building state-level crypto reserves โ a major shift in how governments view Bitcoin. ๐
๐4
Solana trading bot project Aqua has likely pulled the plug, stealing 21,770 SOL (~$4.65M) right after its presale! ๐
Funds were quickly split and funneled through instant exchanges, while the team shut off Twitter replies. ๐ซ๐ฌ
Even projects like Meteora, Quill Audits, Helius & others had promoted Aqua โ making the rug sting even harder. ๐ชค
Funds were quickly split and funneled through instant exchanges, while the team shut off Twitter replies. ๐ซ๐ฌ
Even projects like Meteora, Quill Audits, Helius & others had promoted Aqua โ making the rug sting even harder. ๐ชค
๐ฑ4๐2
Media is too big
VIEW IN TELEGRAM
๐ธ๐ป El Salvador just opened a Bitcoin Zone in its National Library to celebrate 4 years of BTC as legal tender
The space offers books on blockchain and finance, plus lectures and exhibitions dedicated to Bitcoin. ๐โจ
The space offers books on blockchain and finance, plus lectures and exhibitions dedicated to Bitcoin. ๐โจ
1๐6
๐ Crypto markets are cooling off! ๐ฅถ
According to CryptoQuant, overall trading activity is dropping, and selling pressure is taking over. ๐ค
The shift is clear in Bitcoin futures, where trader sentiment points toward expectations of further price declines. Whales are less dominant, and retail is calling more of the shots now. ๐ณโก๏ธ๐ฅ
According to CryptoQuant, overall trading activity is dropping, and selling pressure is taking over. ๐ค
The shift is clear in Bitcoin futures, where trader sentiment points toward expectations of further price declines. Whales are less dominant, and retail is calling more of the shots now. ๐ณโก๏ธ๐ฅ
๐5
๐ฎ๐ณ Indian Minister Goes Crypto!
Indiaโs Minister for Skill Development & Entrepreneurship, Jayant Chaudhary, and his spouse Charu Singh have declared crypto holdings worth $52,300, bought from personal savings. ๐
This marks the first time an Indian minister has publicly owned crypto.๐
Indiaโs Minister for Skill Development & Entrepreneurship, Jayant Chaudhary, and his spouse Charu Singh have declared crypto holdings worth $52,300, bought from personal savings. ๐
This marks the first time an Indian minister has publicly owned crypto.๐
๐11
๐ค The Fed might slash rates by 50 bps in September- CoinDesk.
๐บ๐ธ The U.S. Labor Department revised job growth for the year ending March 2025 โ down 911k jobs, the biggest cut in history. Turns out the labor market is much weaker than NFP reports showed.
๐ If these numbers came earlier, the Fed wouldโve already started cutting. Now markets expect a 0.5% drop, but recession fears linger.
๐ฐ BTC panicked, briefly dipping below $111K, before bouncing back to ~$112.5K.
๐บ๐ธ The U.S. Labor Department revised job growth for the year ending March 2025 โ down 911k jobs, the biggest cut in history. Turns out the labor market is much weaker than NFP reports showed.
๐ If these numbers came earlier, the Fed wouldโve already started cutting. Now markets expect a 0.5% drop, but recession fears linger.
๐ฐ BTC panicked, briefly dipping below $111K, before bouncing back to ~$112.5K.
๐5โค1
๐ฑ Santiment says traders are drowning in FUD
Many now expect BTC to sink below $100K, ETH under $3.5K, and alts to retrace. ๐
But markets love to move against the crowd โ meaning all this doom talk could actually be bullish. ๐
When everyone screams โdump incoming,โ itโs often the perfect setup for the opposite. ๐
Many now expect BTC to sink below $100K, ETH under $3.5K, and alts to retrace. ๐
But markets love to move against the crowd โ meaning all this doom talk could actually be bullish. ๐
When everyone screams โdump incoming,โ itโs often the perfect setup for the opposite. ๐
๐8๐ฅ1
๐ $MYX token went from $0.10 in July to a new ATH of $18.06 today!
๐ฅ Top of the liquidation charts: $47M wiped out in 24h.
๐ TVL is $30M, but market cap hit $3.5B โ looks like the market maker went overboard ๐
๐ Or maybe Consensys is gearing up to back MYX?
๐ก Fun fact: 94.5% of supply sits in just 10 wallets. Extreme centralization, extreme volatility!
๐ฅ Top of the liquidation charts: $47M wiped out in 24h.
๐ TVL is $30M, but market cap hit $3.5B โ looks like the market maker went overboard ๐
๐ Or maybe Consensys is gearing up to back MYX?
๐ก Fun fact: 94.5% of supply sits in just 10 wallets. Extreme centralization, extreme volatility!
โค2๐2๐1
๐ค CryptoQuant analysts expect the bull market peak in OctโNov 2025
๐น Market is now in a mature growth phase.
๐น Heavy selling at $70K slowed things, but recent sales from long-term holders at $98K and $117K were easily absorbed by buyers.
๐น Institutional demand is stretching the cycle, pushing the top later than usual.
๐น Historically, the peak comes when BTC trades far above the realized price of long-term holders.
โณ Translation: the top isnโt here yet.
๐น Market is now in a mature growth phase.
๐น Heavy selling at $70K slowed things, but recent sales from long-term holders at $98K and $117K were easily absorbed by buyers.
๐น Institutional demand is stretching the cycle, pushing the top later than usual.
๐น Historically, the peak comes when BTC trades far above the realized price of long-term holders.
โณ Translation: the top isnโt here yet.
๐5
๐ป๐ณ Vietnam has approved a 5-year pilot program for crypto trading
Key rules:
๐ธOnly local companies can participate, with all settlements in dong ๐ป๐ณ๐ต
๐ธCrypto assets must be fully asset-backed
๐ธExchanges need at least โซ10T ($379M) in capital
๐ธ65% of funds must come from institutional investors
๐ธForeigners capped at 49% ownership, and only as investors
๐ Earlier, reports said Vietnam plans to launch a national crypto exchange โ this looks like the first big step.
Key rules:
๐ธOnly local companies can participate, with all settlements in dong ๐ป๐ณ๐ต
๐ธCrypto assets must be fully asset-backed
๐ธExchanges need at least โซ10T ($379M) in capital
๐ธ65% of funds must come from institutional investors
๐ธForeigners capped at 49% ownership, and only as investors
๐ Earlier, reports said Vietnam plans to launch a national crypto exchange โ this looks like the first big step.
๐4๐ฅ4โค1