📈 The peak of the current cycle may be reached either in December 2024 or in October 2025 (if this cycle repeats the track of the last three halving cycles) - Glassnode.
📢 This statement echoes the opinion of another cryptocurrency analyst, Julien Bittel, who believes that bitcoin is currently in a "boring" zone that precedes the "banana" growth zone:
📢 This statement echoes the opinion of another cryptocurrency analyst, Julien Bittel, who believes that bitcoin is currently in a "boring" zone that precedes the "banana" growth zone:
A big pump leading into the halving, followed by a brief but sharp correction, a period of sideways chop, a final dump to nuke any remaining bullish sentiment, another phase of boring sideways trading, and eventually, prices beginning to rise again...
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🚨 $3M Bug Exploited at Kraken Crypto Exchange
🪲 Bug bounty hunters found an "extremely critical" vulnerability that allowed them to artificially inflate and drain balances on Kraken.
🕵️♂️ The flaw, identified and fixed within an hour on June 9, involved initiating incomplete transaction deposits.
👀 A critical vulnerability allowed attackers to inflate deposit balances. A user who warned about the bug used it to inflate his deposit by $4 and informed others, who then withdrew $3 million. Two refused to return the money.
🪲 Bug bounty hunters found an "extremely critical" vulnerability that allowed them to artificially inflate and drain balances on Kraken.
🕵️♂️ The flaw, identified and fixed within an hour on June 9, involved initiating incomplete transaction deposits.
👀 A critical vulnerability allowed attackers to inflate deposit balances. A user who warned about the bug used it to inflate his deposit by $4 and informed others, who then withdrew $3 million. Two refused to return the money.
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Is altcoin season starting? 👀
📈 The MVRV indicator for ETH is increasing faster than BTC's MVRV, indicating that the ETH market is heating up relative to the network's fundamental indicators.
Considering the current ETF situation, this might just be the season for ETH. However, historically, when ETH rises, other altcoins usually follow suit. 🚀
📈 The MVRV indicator for ETH is increasing faster than BTC's MVRV, indicating that the ETH market is heating up relative to the network's fundamental indicators.
Considering the current ETF situation, this might just be the season for ETH. However, historically, when ETH rises, other altcoins usually follow suit. 🚀
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A conflict has erupted among CertiK, Kraken, and the crypto community due to a discovered exploit
🔍 CertiK was identified as the entity that reported the bug. They claimed to have found critical vulnerabilities in Kraken's systems, potentially leading to losses of hundreds of millions of dollars. CertiK also alleged that Kraken's security team threatened their employees, demanding an "inappropriate" payment within "unreasonable" deadlines.
Kraken countered, saying they requested a full report and the return of the funds, accusing CertiK of unethical hacking and extortion for not complying.
The crypto community on X questioned CertiK's actions:
▪️Why did CertiK withdraw so much money if the bug could be proven with smaller amounts?
▪️ Why did CertiK transfer all funds to Tornado Cash?
▪️ Analysts found contradictions in CertiK reports.
▪️ Similar anomalies were noticed on other exchanges.
Users began to doubt CertiK competence and suspect its employees of malicious actions against various projects🧐
🔍 CertiK was identified as the entity that reported the bug. They claimed to have found critical vulnerabilities in Kraken's systems, potentially leading to losses of hundreds of millions of dollars. CertiK also alleged that Kraken's security team threatened their employees, demanding an "inappropriate" payment within "unreasonable" deadlines.
Kraken countered, saying they requested a full report and the return of the funds, accusing CertiK of unethical hacking and extortion for not complying.
The crypto community on X questioned CertiK's actions:
▪️Why did CertiK withdraw so much money if the bug could be proven with smaller amounts?
▪️ Why did CertiK transfer all funds to Tornado Cash?
▪️ Analysts found contradictions in CertiK reports.
▪️ Similar anomalies were noticed on other exchanges.
Users began to doubt CertiK competence and suspect its employees of malicious actions against various projects🧐
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The volume of money transfers on TON already makes up 10% of the funds transferred on the Bitcoin network!
💵 Transfers through The Open Network (TON) range from $5.0 to $10.0 billion. For comparison, the average daily transfer volume for Bitcoin is around $50.0 billion. This shows that TON has already achieved 10% of Bitcoin’s capacity, which is impressive for a four-year-old coin.
📈 Another sign of TON’s exponential growth is the number of on-chain token holders. Currently, there are 32 million holders, up from 2.9 million a year ago. That’s a tenfold increase in just one year! 💪
💵 Transfers through The Open Network (TON) range from $5.0 to $10.0 billion. For comparison, the average daily transfer volume for Bitcoin is around $50.0 billion. This shows that TON has already achieved 10% of Bitcoin’s capacity, which is impressive for a four-year-old coin.
📈 Another sign of TON’s exponential growth is the number of on-chain token holders. Currently, there are 32 million holders, up from 2.9 million a year ago. That’s a tenfold increase in just one year! 💪
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The German government is quietly selling its Bitcoins. 🤫
💵 Yesterday, it transferred 1,000 BTC ($65 million) to the Kraken and Bitstamp exchanges, plus 5,500 BTC ($358 million) to an unknown wallet. 🧐
👀 And today, another 200 BTC ($13.16 million) left their wallet, heading to the Coinbase exchange. Additionally, 800 BTC ($52.65 million) went to the same unidentified wallet.
💵 Yesterday, it transferred 1,000 BTC ($65 million) to the Kraken and Bitstamp exchanges, plus 5,500 BTC ($358 million) to an unknown wallet. 🧐
👀 And today, another 200 BTC ($13.16 million) left their wallet, heading to the Coinbase exchange. Additionally, 800 BTC ($52.65 million) went to the same unidentified wallet.
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Another user lost $84,400 today, by copying a scam address from their transaction history
👀 This tactic is very common among scammers - they create a wallet address with a beginning and end similar to the victim's wallet, which holds a large sum of money, and send a small transaction there, hoping the wallet owner won't check the entire address but only the beginning and end. Unfortunately, this tactic often works successfully. 😕
👀 This tactic is very common among scammers - they create a wallet address with a beginning and end similar to the victim's wallet, which holds a large sum of money, and send a small transaction there, hoping the wallet owner won't check the entire address but only the beginning and end. Unfortunately, this tactic often works successfully. 😕
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♊️ Tyler Winklevoss, one of the Winklevoss twins and a co-founder of the Gemini exchange, endorsed Donald Trump and donated $2,000,000 in BTC to his presidential campaign. 💰
The Winklevoss brothers are early Bitcoin investors who bought BTC at $120 in 2013 for $11 million. 💪
It has also been announced that Gemini is launching an initiative to fund election campaigns for candidates who support cryptocurrencies.
The Winklevoss brothers are early Bitcoin investors who bought BTC at $120 in 2013 for $11 million. 💪
It has also been announced that Gemini is launching an initiative to fund election campaigns for candidates who support cryptocurrencies.
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Corporation 3iQ has applied to launch the first Solana ETP in Canada!
If approved, the fund will become the first exchange-traded product for Solana registered in North America. 🚀
3iQ was among the first companies to launch Bitcoin and Ethereum funds in Canada. 💪
👀 ETPs are exchange-traded products, similar to ETFs in many respects, but offering a much broader range of options - commodities, currencies, bonds, interest rates, debt obligations, and more.
If approved, the fund will become the first exchange-traded product for Solana registered in North America. 🚀
3iQ was among the first companies to launch Bitcoin and Ethereum funds in Canada. 💪
👀 ETPs are exchange-traded products, similar to ETFs in many respects, but offering a much broader range of options - commodities, currencies, bonds, interest rates, debt obligations, and more.
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Binance has added support for USDT on the TON blockchain!
📈 TON continues to make waves in the cryptocurrency world, and top publications couldn't help but notice.
📰 Yesterday, CoinDesk published an article titled "Telegram Is Crypto’s Adoption Machine" in which experts declare that Telegram and TON have become a true panacea for the crypto industry.
📈 TON continues to make waves in the cryptocurrency world, and top publications couldn't help but notice.
📰 Yesterday, CoinDesk published an article titled "Telegram Is Crypto’s Adoption Machine" in which experts declare that Telegram and TON have become a true panacea for the crypto industry.
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LayerZero Airdrop Chaos: Polymarket Bettors in Turmoil!
💭 LayerZero Labs' new "Proof-of-Donation" mechanism has thrown the Polymarket community into disarray. To receive ZRO tokens, claimants must donate $0.10 per token to the Protocol Guild, sparking a heated $680,000 wager debate on Polymarket. 💸
⚖️ Bettors had almost unanimously bet "Yes" on LayerZero's airdrop happening by June 30, but when the donation requirement was revealed, odds plummeted to 54%. LayerZero insists this isn’t an airdrop, arguing traditional airdrops harm community building. 🤔
🗣 Polymarket users are divided: some cry foul play, fearing manipulation, while others argue LayerZero doesn’t define what constitutes an airdrop. UMA, Polymarket’s dispute resolution partner, will now decide the outcome.
💭 LayerZero Labs' new "Proof-of-Donation" mechanism has thrown the Polymarket community into disarray. To receive ZRO tokens, claimants must donate $0.10 per token to the Protocol Guild, sparking a heated $680,000 wager debate on Polymarket. 💸
⚖️ Bettors had almost unanimously bet "Yes" on LayerZero's airdrop happening by June 30, but when the donation requirement was revealed, odds plummeted to 54%. LayerZero insists this isn’t an airdrop, arguing traditional airdrops harm community building. 🤔
🗣 Polymarket users are divided: some cry foul play, fearing manipulation, while others argue LayerZero doesn’t define what constitutes an airdrop. UMA, Polymarket’s dispute resolution partner, will now decide the outcome.
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🏦 Standard Chartered is developing a platform for trading BTC and ETH - Bloomberg. The new crypto division will be part of the bank's currency trading department .
💲 MicroStrategy has acquired an additional 11,931 BTC for $785 million (~$65,883 per coin). In total, MicroStrategy now holds 226,331 BTC, purchased for approximately $8.33 billion.
Tether today blocked 5 sanctioned wallets with 48,000,000 USDT in the account.
💪 Unlike centralized Tether, Bitcoin is decentralized (leaving aside the fact that Bitcoin mining is controlled by only a few mining pools). Bitcoin nodes are currently deployed in 95 countries worldwide.
💲 MicroStrategy has acquired an additional 11,931 BTC for $785 million (~$65,883 per coin). In total, MicroStrategy now holds 226,331 BTC, purchased for approximately $8.33 billion.
Tether today blocked 5 sanctioned wallets with 48,000,000 USDT in the account.
💪 Unlike centralized Tether, Bitcoin is decentralized (leaving aside the fact that Bitcoin mining is controlled by only a few mining pools). Bitcoin nodes are currently deployed in 95 countries worldwide.
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Arbitrum Fees Soars Amid LayerZero Token Claims! 🚀
🙀 Arbitrum's daily fee skyrocketed to a record $3.4 million in ETH on Thursday, thanks to the frenzy around LayerZero’s ZRO token claims. This is a massive jump from just $20,000 on June 19 – a whopping 16,500% increase! 📈💸
LayerZero’s airdrop opened at 11:00 UTC on Thursday and will run until Sept. 20, with 85 million ZRO tokens up for grabs. To claim, participants must donate $0.10 per ZRO in USDC, USDT, or ETH, supporting Protocol Guild’s Ethereum core research.
🙀 Arbitrum's daily fee skyrocketed to a record $3.4 million in ETH on Thursday, thanks to the frenzy around LayerZero’s ZRO token claims. This is a massive jump from just $20,000 on June 19 – a whopping 16,500% increase! 📈💸
LayerZero’s airdrop opened at 11:00 UTC on Thursday and will run until Sept. 20, with 85 million ZRO tokens up for grabs. To claim, participants must donate $0.10 per ZRO in USDC, USDT, or ETH, supporting Protocol Guild’s Ethereum core research.
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🚀 USDT on TronNetwork Outpaces Visa's Daily Trading Volume!
📊💸 In the last 24 hours, the trading volume of $USDT on Tron Network hit an impressive $53 billion, surpassing Visa's average daily trading volume, according to LookOnChain.
🌐 For context, Visa's Q1 2024 trading volume was $3.78 trillion, averaging $42 billion per day. TronNetwork is definitely making waves in the financial world! 💥
But USDT on Tron has a worthy competitor in USDT on Ton 😉
📊💸 In the last 24 hours, the trading volume of $USDT on Tron Network hit an impressive $53 billion, surpassing Visa's average daily trading volume, according to LookOnChain.
🌐 For context, Visa's Q1 2024 trading volume was $3.78 trillion, averaging $42 billion per day. TronNetwork is definitely making waves in the financial world! 💥
But USDT on Tron has a worthy competitor in USDT on Ton 😉
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The crypto exchange BtcTurk was hacked, $54 M stolen
Cryptocurrency experts assess that BtcTurk, a major Turkish exchange, has suffered a staggering loss of $54 M due to a recent hacking incident. 🙀
💣 On June 22, hackers breached BtcTurk's security, gaining access to hot wallets containing various cryptocurrencies. As a precaution, exchange has halted deposits and withdrawals pending a full investigation. 🚫
Fortunately, the majority of assets held in cold wallets remain secure. Notably, Colin Wu reported the unauthorized sale of AVAX tokens totaling $54 M, traced back to the initial hack at BtcTurk.
📝 Reports from blockchain analyst ZachXBT also indicate losses of at least 1.96 million AVAX ($54.2 M) and subsequent large withdrawals of BTC from Coinbase and Binance.
🕵️♂️ Additionally, there are suspicions of the same hacker being involved in a $3.5 M breach of an online casino. Binance CEO Richard Teng has announced the freezing of stolen funds worth $5.3 M to aid BtcTurk in their investigation.
Cryptocurrency experts assess that BtcTurk, a major Turkish exchange, has suffered a staggering loss of $54 M due to a recent hacking incident. 🙀
💣 On June 22, hackers breached BtcTurk's security, gaining access to hot wallets containing various cryptocurrencies. As a precaution, exchange has halted deposits and withdrawals pending a full investigation. 🚫
Fortunately, the majority of assets held in cold wallets remain secure. Notably, Colin Wu reported the unauthorized sale of AVAX tokens totaling $54 M, traced back to the initial hack at BtcTurk.
📝 Reports from blockchain analyst ZachXBT also indicate losses of at least 1.96 million AVAX ($54.2 M) and subsequent large withdrawals of BTC from Coinbase and Binance.
🕵️♂️ Additionally, there are suspicions of the same hacker being involved in a $3.5 M breach of an online casino. Binance CEO Richard Teng has announced the freezing of stolen funds worth $5.3 M to aid BtcTurk in their investigation.
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📉 Against the backdrop of Bitcoin dropping below $63,000, the "Fear and Greed Index" has plummeted by 20 points over the past week, now standing at 51. Traders remain cautiously optimistic, but further price declines could push the index into "Fear" territory.
👀 In June, Bitcoin miners sold over 30,000 BTC (~$2 billion), marking a record for the year. Miner inventories have dropped to their lowest level in 14 years, attributed to reduced mining profitability following the recent halving.
♊️ The Winklevoss twins, founders of the Gemini exchange, were refunded $2 million in BTC. Their donation to Donald Trump's presidential campaign exceeded federal limits. Without these donations, Trump had gathered only $59,385 in cryptocurrency for his campaign. 🤷
👀 In June, Bitcoin miners sold over 30,000 BTC (~$2 billion), marking a record for the year. Miner inventories have dropped to their lowest level in 14 years, attributed to reduced mining profitability following the recent halving.
♊️ The Winklevoss twins, founders of the Gemini exchange, were refunded $2 million in BTC. Their donation to Donald Trump's presidential campaign exceeded federal limits. Without these donations, Trump had gathered only $59,385 in cryptocurrency for his campaign. 🤷
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Michael Dell made several posts about Bitcoin
💻 The billionaire and founder of Dell, Michael Dell, shared a post by Michael Saylor stating that Bitcoin represents digital scarcity.
📝 Additionally, Dell conducted a poll on the next major technological breakthrough, offering options such as blockchain, AI, the space industry, and quantum computers.
🍪 Later, he shared an image featuring BTC.
In 2014, Dell was one of the first major companies to start accepting Bitcoin. However, it later discontinued this option.
💻 The billionaire and founder of Dell, Michael Dell, shared a post by Michael Saylor stating that Bitcoin represents digital scarcity.
📝 Additionally, Dell conducted a poll on the next major technological breakthrough, offering options such as blockchain, AI, the space industry, and quantum computers.
🍪 Later, he shared an image featuring BTC.
In 2014, Dell was one of the first major companies to start accepting Bitcoin. However, it later discontinued this option.
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Mt.Gox will start distributing BTC and BCH from July 2024.
💲 The trustee handling the 2014 bankruptcy of Mt.Gox has announced plans to begin compensating creditors with Bitcoin, Bitcoin Cash, and cash starting in early July.
👀 This decision follows the completion of preparatory processes, including technical support assurance, adherence to regulatory requirements in each jurisdiction, and coordination of transfers with various cryptocurrency exchanges.
💰 Payments will commence in sequence to platforms that have verified necessary information. The total payout is anticipated to exceed $9 billion.
The market reacted nervously to the news, with Bitcoin experiencing heightened trading volumes and briefly dropping below $61,000 before stabilizing around $61,200. 📉
💲 The trustee handling the 2014 bankruptcy of Mt.Gox has announced plans to begin compensating creditors with Bitcoin, Bitcoin Cash, and cash starting in early July.
👀 This decision follows the completion of preparatory processes, including technical support assurance, adherence to regulatory requirements in each jurisdiction, and coordination of transfers with various cryptocurrency exchanges.
💰 Payments will commence in sequence to platforms that have verified necessary information. The total payout is anticipated to exceed $9 billion.
The market reacted nervously to the news, with Bitcoin experiencing heightened trading volumes and briefly dropping below $61,000 before stabilizing around $61,200. 📉
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The options market is betting on Ethereum rising to $4000 by September
💲There is significant interest ($158.5 million) in Ethereum call options at a price of $4000 expiring in September, as reported by Deribit.
📉 Currently the second-largest cryptocurrency by market capitalization is trading at $3300, having lost 8.5% in the past week.
👀 Ethereum is facing challenges amid the broader crypto market downturn and rumors of imminent trading commencement of spot exchange-traded funds (ETFs) based on the asset in the US.
🤔 Traders are likely interested in call options, anticipating the asset's price to rise in the coming months following the launch of an ETH-ETF.
💲There is significant interest ($158.5 million) in Ethereum call options at a price of $4000 expiring in September, as reported by Deribit.
📉 Currently the second-largest cryptocurrency by market capitalization is trading at $3300, having lost 8.5% in the past week.
👀 Ethereum is facing challenges amid the broader crypto market downturn and rumors of imminent trading commencement of spot exchange-traded funds (ETFs) based on the asset in the US.
🤔 Traders are likely interested in call options, anticipating the asset's price to rise in the coming months following the launch of an ETH-ETF.
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