Outflow of Funds from Bitcoin ETF Continues, $265 Million in 2 Days!
🤷 Peter Schiff was right! He stated that Bitcoin ETFs have made the crypto market more unstable. "Everyone who bought this instrument will become future sellers!"
👀 Miners are also actively selling Bitcoin now. However, they haven't pressured the market as all transactions were conducted off-exchange. On June 10, they sold 1,200 BTC ($80 million) – the highest since the end of March.
🐳 But this Bitcoin whale from 2018, who woke up yesterday and transferred 8,000 BTC ($535 million) to the Binance exchange, certainly contributed to the price drop.
🤷 Peter Schiff was right! He stated that Bitcoin ETFs have made the crypto market more unstable. "Everyone who bought this instrument will become future sellers!"
👀 Miners are also actively selling Bitcoin now. However, they haven't pressured the market as all transactions were conducted off-exchange. On June 10, they sold 1,200 BTC ($80 million) – the highest since the end of March.
🐳 But this Bitcoin whale from 2018, who woke up yesterday and transferred 8,000 BTC ($535 million) to the Binance exchange, certainly contributed to the price drop.
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💰 In just one day, more than 336,000 ETH ($1.2 billion) were withdrawn from Coinbase yesterday — the highest amount this year. It's intriguing to think who might need that much; are whales preparing for the ETF launch? 🧐
Nate Geraci commented on this:
Nate Geraci commented on this:
I will be surprised if spot eth ETF S-1s not approved by end of month… No reason for delay.
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⚠️OKX Confirms User Accounts Drained via Identity Theft
🙀 In a post-mortem on X, OKX revealed that a hacker used forged "judicial documents" to obtain personal information of "very few" users. This breach came to light after two users reported their accounts had been compromised and drained.
🔎 Blockchain security firm SlowMist noted that new API keys were created after users received risk notification SMS texts from Hong Kong.
🛡 Web3 security group Dilation Effect claimed attackers exploited a loophole allowing users to turn off Google Authentication or phone verification without a 24-hour withdrawal halt. OKX, however, rebutted this, stating the incident was unrelated to Google Authenticator or SMS verification.
👀 OKX assured users that affected accounts have been fully compensated and the matter is under investigation.
🙀 In a post-mortem on X, OKX revealed that a hacker used forged "judicial documents" to obtain personal information of "very few" users. This breach came to light after two users reported their accounts had been compromised and drained.
🔎 Blockchain security firm SlowMist noted that new API keys were created after users received risk notification SMS texts from Hong Kong.
🛡 Web3 security group Dilation Effect claimed attackers exploited a loophole allowing users to turn off Google Authentication or phone verification without a 24-hour withdrawal halt. OKX, however, rebutted this, stating the incident was unrelated to Google Authenticator or SMS verification.
👀 OKX assured users that affected accounts have been fully compensated and the matter is under investigation.
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🗣 Paolo Ardoino announced a new class of digital asset products from Tether – details will be revealed on Monday, June 17.
🚀 Ripple will launch the stablecoin Ripple USD (RLUSD), which will operate on the XRP Ledger and Ethereum blockchains.
⚡️ The authorities of the state of Indiana will set low electricity rates for miners and data centers. Amazon, Google, Microsoft, and AboutBit are already preparing for major construction.
💰 The CMT Digital fund plans to raise $150,000,000 for cryptocurrency investments.
🤔 CBOE top manager: The appearance of spot Solana and Ripple ETFs is unlikely in the near future. The reasons are the absence of a futures market and regulatory clarity.
🚀 Ripple will launch the stablecoin Ripple USD (RLUSD), which will operate on the XRP Ledger and Ethereum blockchains.
⚡️ The authorities of the state of Indiana will set low electricity rates for miners and data centers. Amazon, Google, Microsoft, and AboutBit are already preparing for major construction.
💰 The CMT Digital fund plans to raise $150,000,000 for cryptocurrency investments.
🤔 CBOE top manager: The appearance of spot Solana and Ripple ETFs is unlikely in the near future. The reasons are the absence of a futures market and regulatory clarity.
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The long consolidation
🔎 Analysts believe that Bitcoin is currently in its longest consolidation period (92 days) – once the price breaks out of this range, the first cryptocurrency is expected to experience inevitable growth. 🚀
👀 However, for now, the consolidation will continue as Bitcoin, which unexpectedly returned to nearly $70,000 after surprisingly good inflation data from the US, fell again to $67,000 after the Fed maintained the rate at 5.25-5.5% 🗽
🔎 Analysts believe that Bitcoin is currently in its longest consolidation period (92 days) – once the price breaks out of this range, the first cryptocurrency is expected to experience inevitable growth. 🚀
👀 However, for now, the consolidation will continue as Bitcoin, which unexpectedly returned to nearly $70,000 after surprisingly good inflation data from the US, fell again to $67,000 after the Fed maintained the rate at 5.25-5.5% 🗽
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💰Demand for spot Bitcoin ETFs has rebounded after two days of outflows. On June 12, inflows into spot Bitcoin ETFs amounted to $100.9 million.
🐳 During the recent dip, whales bought over 240k ETH worth approximately $840 million.
🇺🇸 Joe Biden will accept donations in cryptocurrency. It is reported that the US president's campaign is negotiating the possibility of accepting crypto donations through Coinbase Commerce.
💸 MicroStrategy will issue $500,000,000 in bonds with the aim of buying even more BTC.
🐳 During the recent dip, whales bought over 240k ETH worth approximately $840 million.
🇺🇸 Joe Biden will accept donations in cryptocurrency. It is reported that the US president's campaign is negotiating the possibility of accepting crypto donations through Coinbase Commerce.
💸 MicroStrategy will issue $500,000,000 in bonds with the aim of buying even more BTC.
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An OKX user had $11 million stolen in 25 minutes!
Once again, OKX is in deep trouble! Another large sum of money has been stolen from their user, again without 2FA, without any email notifications. 🙀
According to the affected OKX exchange user, $11 million was stolen from their main and sub-account in just 25 minutes.🧐
🤷 It is not yet known whether the victim will be compensated.
Once again, OKX is in deep trouble! Another large sum of money has been stolen from their user, again without 2FA, without any email notifications. 🙀
According to the affected OKX exchange user, $11 million was stolen from their main and sub-account in just 25 minutes.🧐
🤷 It is not yet known whether the victim will be compensated.
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SEC will approve S-1 forms for spot Ethereum ETFs by the end of the summer - Gary Gensler
📉 Amid this uncertainty, Ethereum touched a local bottom at $3400. Currently, the second-largest cryptocurrency by market capitalization has returned to the $3500 mark.
🐳 Ethereum holders immediately took advantage of this situation, buying the second-largest volume of coins in history yesterday – 298,000 ETH! (The record daily purchase was recorded on September 11, 2023 – 317,000 ETH). 🧐
Ah, if only I had some money now, I would also stock up on Ethereum! ☺️ 🚀
📉 Amid this uncertainty, Ethereum touched a local bottom at $3400. Currently, the second-largest cryptocurrency by market capitalization has returned to the $3500 mark.
🐳 Ethereum holders immediately took advantage of this situation, buying the second-largest volume of coins in history yesterday – 298,000 ETH! (The record daily purchase was recorded on September 11, 2023 – 317,000 ETH). 🧐
Ah, if only I had some money now, I would also stock up on Ethereum! ☺️ 🚀
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Inexperienced Crypto Trader Loses $310,000 on LinkedIn-Recommended Exchange 💸
👀 An inexperienced crypto trader lost $310,000 on an exchange recommended through a random LinkedIn friend request. The trader connected his wallet to the unknown platform and transferred his own funds. 🙈
When attempting to withdraw, him were asked to deposit additional money to complete the process. The victim has since contacted law enforcement authorities. 📝
👀 An inexperienced crypto trader lost $310,000 on an exchange recommended through a random LinkedIn friend request. The trader connected his wallet to the unknown platform and transferred his own funds. 🙈
When attempting to withdraw, him were asked to deposit additional money to complete the process. The victim has since contacted law enforcement authorities. 📝
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Terraform Labs has no intention of paying the SEC fine of $4,470,000,000 - Fortune
🌎 Terraform Labs is bankrupt, with little to no funds available for the payment.
👀Therefore, the US regulator might only receive a fraction of the fine or nothing at all. However, Gary Gensler can still boast about the SEC's press release on "recovering" billions of dollars from the violator. 😡
🌎 Terraform Labs is bankrupt, with little to no funds available for the payment.
👀Therefore, the US regulator might only receive a fraction of the fine or nothing at all. However, Gary Gensler can still boast about the SEC's press release on "recovering" billions of dollars from the violator. 😡
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Holograph Hacked, Token Drops 80%
🙀 The native token of the Holograph blockchain plummeted 80% after a malicious actor hacked the protocol operator's smart contract, issuing 1 billion HLG worth $14.4 million.
👀 On June 14, the network team confirmed the attack and announced that the bug had been fixed. They also reached out to centralized exchanges and law enforcement to freeze the stolen assets.
🔍 According to Etherscan, the hacker issued 1 billion HLG in nine transactions, starting on June 13 around 07:00 UTC.
⏳ Within 10 minutes, the token's price dropped from $0.014 to $0.002. It has since recovered to $0.006. At the current rate, 1 billion HLG is valued at approximately $6.8 million.
💵 The hacker began converting the newly created tokens into USDT four hours after the attack.
🙀 The native token of the Holograph blockchain plummeted 80% after a malicious actor hacked the protocol operator's smart contract, issuing 1 billion HLG worth $14.4 million.
👀 On June 14, the network team confirmed the attack and announced that the bug had been fixed. They also reached out to centralized exchanges and law enforcement to freeze the stolen assets.
🔍 According to Etherscan, the hacker issued 1 billion HLG in nine transactions, starting on June 13 around 07:00 UTC.
⏳ Within 10 minutes, the token's price dropped from $0.014 to $0.002. It has since recovered to $0.006. At the current rate, 1 billion HLG is valued at approximately $6.8 million.
💵 The hacker began converting the newly created tokens into USDT four hours after the attack.
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Trezor Introduces Its Latest Crypto Wallet Trezor Safe 5
It features a touch-sensitive anti-vandal screen, designer colors, vibration, support for over 1000 cryptocurrencies, and much more. 😎
It features a touch-sensitive anti-vandal screen, designer colors, vibration, support for over 1000 cryptocurrencies, and much more. 😎
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The second half of the bull market is ahead!
💰The inflow of capital from small whales and retail investors has started to grow, which is more important than the inflow from large whales. 🐳 This is a very important indicator, according to CryptoQuant. Everything is still ahead! 🚀
💰The inflow of capital from small whales and retail investors has started to grow, which is more important than the inflow from large whales. 🐳 This is a very important indicator, according to CryptoQuant. Everything is still ahead! 🚀
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$NOT surged by 20%! 🚀
📈 While everyone's attention is focused on TON and its new ATH, NOT is showing even more impressive growth results.
While $TON has risen only 6% in the last 24 hours, $NOT has demonstrated nearly 20% growth! Undoubtedly, these are two products from the same ecosystem, and it's impressive, especially when the overall market is red! 🏆
📈 While everyone's attention is focused on TON and its new ATH, NOT is showing even more impressive growth results.
While $TON has risen only 6% in the last 24 hours, $NOT has demonstrated nearly 20% growth! Undoubtedly, these are two products from the same ecosystem, and it's impressive, especially when the overall market is red! 🏆
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The ZkSync network has been launched on Uniswap protocols! - announcement
Amid this news, Uniswap's native token - $UNI, is one of the few cryptocurrencies showing a decent increase today in an otherwise "red" market. 🚀
Amid this news, Uniswap's native token - $UNI, is one of the few cryptocurrencies showing a decent increase today in an otherwise "red" market. 🚀
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Bloomberg expects final approval for a spot Ethereum ETF by July 2.
🔎 Bloomberg analyst Eric Balchunas anticipates that the S-1 forms for spot Ethereum ETFs will be approved by July 2. 🧐💪
Approval of the S-1 will allow ETF trading to commence. 🚀
🔎 Bloomberg analyst Eric Balchunas anticipates that the S-1 forms for spot Ethereum ETFs will be approved by July 2. 🧐💪
Approval of the S-1 will allow ETF trading to commence. 🚀
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Changpeng Zhao owns 64% of the total circulating supply of BNB, which is about 94 million BNB ($56 billion) - Forbes.
💰 The publication estimates CZ's net worth at $61 billion, placing him at 24th on the list of the world's richest people.
Forbes also states that Binance and CZ jointly own 71% of the 147 million BNB in circulation.
Hmm, with that kind of money, 4 months in prison should be quite comfortable. 😏
💰 The publication estimates CZ's net worth at $61 billion, placing him at 24th on the list of the world's richest people.
Forbes also states that Binance and CZ jointly own 71% of the 147 million BNB in circulation.
Hmm, with that kind of money, 4 months in prison should be quite comfortable. 😏
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