📊 Will Ethereum Reach New Heights in 2024? 🧐
Nick Forster, founder of Derive, believes three key factors could push Ether (ETH) to break its all-time high: a Trump victory in the 2024 U.S. election, aggressive rate cuts by the Federal Reserve, and increased global liquidity. 🇺🇸🏦🌐
👀 Currently, Ethereum isn't showing strong momentum, trading at $2,352 as of September 6th, only a 3% increase since the start of the year. Meanwhile, tech stocks like Nvidia and Meta have far outperformed, with 122% and 50% gains, respectively.
While some traders remain hopeful, options markets give Ether only a 10% chance of surpassing its peak of $4,891 by year-end. Forster stresses that Ethereum needs a strong narrative to compete with tech stocks, and upcoming political and financial shifts may significantly impact ETH's trajectory. 🚀
Nick Forster, founder of Derive, believes three key factors could push Ether (ETH) to break its all-time high: a Trump victory in the 2024 U.S. election, aggressive rate cuts by the Federal Reserve, and increased global liquidity. 🇺🇸🏦🌐
👀 Currently, Ethereum isn't showing strong momentum, trading at $2,352 as of September 6th, only a 3% increase since the start of the year. Meanwhile, tech stocks like Nvidia and Meta have far outperformed, with 122% and 50% gains, respectively.
While some traders remain hopeful, options markets give Ether only a 10% chance of surpassing its peak of $4,891 by year-end. Forster stresses that Ethereum needs a strong narrative to compete with tech stocks, and upcoming political and financial shifts may significantly impact ETH's trajectory. 🚀
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Durov received about $45,000 in donations via stars under his latest post 💫💵
While it’s not enough to cover his bail, it could help with renting a place in Paris for the time being. 😉
Yesterday, Durov made his first post since his detention, thanking everyone for their "love and memes." ❤️🐶
He also described the charges against him as absurd, noting that Telegram actively moderates content and that France has a dedicated representative to handle government requests. 🤔
⚖️ Previously, the court barred Durov from leaving France for six months, until March 2025, and set his bail at five million euros. 💰
The amount can be paid in installments: one million upfront, with the remaining four million spread over five monthly payments.
While it’s not enough to cover his bail, it could help with renting a place in Paris for the time being. 😉
Yesterday, Durov made his first post since his detention, thanking everyone for their "love and memes." ❤️🐶
He also described the charges against him as absurd, noting that Telegram actively moderates content and that France has a dedicated representative to handle government requests. 🤔
⚖️ Previously, the court barred Durov from leaving France for six months, until March 2025, and set his bail at five million euros. 💰
The amount can be paid in installments: one million upfront, with the remaining four million spread over five monthly payments.
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💥 Vitalik Buterin Moves All 2.1 Million STRK Tokens
Ethereum co-founder Vitalik Buterin transferred all 2.1 million Starknet (STRK) tokens, worth approximately $858,750, to an external wallet, according to Arkham Intelligence.
🔓The day before, he unlocked 1.26 million STRK from the Starknet LockedTokenGrant contract.
STRK was the second-largest asset in Buterin's portfolio after ETH. His total assets are currently valued at $560.3 million. 💰
Previously, Buterin stated that he does not sell his ETH and directs all proceeds towards supporting projects or charity. 🧐
He also mentioned that he has no plans to invest in L2 or other projects in the foreseeable future, focusing instead on donations to support undervalued initiatives.
Ethereum co-founder Vitalik Buterin transferred all 2.1 million Starknet (STRK) tokens, worth approximately $858,750, to an external wallet, according to Arkham Intelligence.
🔓The day before, he unlocked 1.26 million STRK from the Starknet LockedTokenGrant contract.
STRK was the second-largest asset in Buterin's portfolio after ETH. His total assets are currently valued at $560.3 million. 💰
Previously, Buterin stated that he does not sell his ETH and directs all proceeds towards supporting projects or charity. 🧐
He also mentioned that he has no plans to invest in L2 or other projects in the foreseeable future, focusing instead on donations to support undervalued initiatives.
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🤖 MEV-bot takes $12M loan, earns just $20!
An MEV-bot took out a $11.7M flash loan but made a profit of only $20, according to Arkham Intelligence.
🥪 The bot executed a "sandwich attack" on a user swapping $5,000 worth of Shuffle (SHFL) tokens for WETH. The slippage on the transaction was around 2%.
In total, the bot performed 14 transactions across DeFi protocols like Balancer, Aave, and Uniswap. After paying gas fees, the profit amounted to just over $20. 🤷
"Unlucky," Arkham commented. 😁
Users joked in the comments, noting that in today’s market, even MEV-bots can barely make more than $20. 😂
An MEV-bot took out a $11.7M flash loan but made a profit of only $20, according to Arkham Intelligence.
🥪 The bot executed a "sandwich attack" on a user swapping $5,000 worth of Shuffle (SHFL) tokens for WETH. The slippage on the transaction was around 2%.
In total, the bot performed 14 transactions across DeFi protocols like Balancer, Aave, and Uniswap. After paying gas fees, the profit amounted to just over $20. 🤷
"Unlucky," Arkham commented. 😁
Users joked in the comments, noting that in today’s market, even MEV-bots can barely make more than $20. 😂
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The U.S. stock market has plunged, taking cryptocurrency down with it. 📉
The S&P 500 is facing its worst week of the year due to disappointing labor market data in the U.S. – despite the unemployment rate dropping to 4.2% in August, the number of new job openings fell short of expectations. 🤷
👀 Investors are offloading technology stocks, and this downturn has spilled over into the cryptocurrency market. Bitcoin briefly fell to $52,500, leading to a widespread decline across the crypto sector.
Currently, Bitcoin has partially recovered and is trading above $54,000, but do you recall Arthur Hayes' short position? 🧐
The S&P 500 is facing its worst week of the year due to disappointing labor market data in the U.S. – despite the unemployment rate dropping to 4.2% in August, the number of new job openings fell short of expectations. 🤷
👀 Investors are offloading technology stocks, and this downturn has spilled over into the cryptocurrency market. Bitcoin briefly fell to $52,500, leading to a widespread decline across the crypto sector.
Currently, Bitcoin has partially recovered and is trading above $54,000, but do you recall Arthur Hayes' short position? 🧐
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🤖 New Android malware steals private keys from screenshots and images🚨
🇰🇵 North Korean hackers are intensifying their attacks on the crypto industry with a new Android malware, SpyAgent, warns the FBI.
🔎 Discovered by McAfee, this sneaky malware steals private keys by scanning screenshots and images on your phone using optical character recognition (OCR).
🛡 How it works:
▪️ Malicious links in texts direct you to fake, seemingly legitimate sites.
▪️You download an app disguised as a banking or streaming service.
▪️The app requests permissions to access your contacts, messages, and local storage, then starts stealing your private keys from images.
Currently targeting South Korean users, SpyAgent is found in over 280 fake apps. Stay vigilant and avoid downloading apps from unverified sources! 🕵️♂️🔒
🇰🇵 North Korean hackers are intensifying their attacks on the crypto industry with a new Android malware, SpyAgent, warns the FBI.
🔎 Discovered by McAfee, this sneaky malware steals private keys by scanning screenshots and images on your phone using optical character recognition (OCR).
🛡 How it works:
▪️ Malicious links in texts direct you to fake, seemingly legitimate sites.
▪️You download an app disguised as a banking or streaming service.
▪️The app requests permissions to access your contacts, messages, and local storage, then starts stealing your private keys from images.
Currently targeting South Korean users, SpyAgent is found in over 280 fake apps. Stay vigilant and avoid downloading apps from unverified sources! 🕵️♂️🔒
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💰📉 The Bitcoin ETF has experienced its longest streak of daily outflows since launch, with $1.2 billion withdrawn over the past 6 days! - Bloomberg
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📈 Bitcoin's Fate Hinges on U.S. Election!
A new report by Bernstein suggests Bitcoin could hit $90K by the end of the year if Donald Trump wins the U.S. election in November. 🚀
👀 If Kamala Harris wins, Bitcoin might drop to the $30K-$40K range. Harris has barely mentioned crypto, leading analysts to predict less favorable conditions for the market.
On the flip side, Trump has been vocal about making the U.S. a global crypto hub, even calling for a bitcoin mining boom and favorable regulations. 🤔
A new report by Bernstein suggests Bitcoin could hit $90K by the end of the year if Donald Trump wins the U.S. election in November. 🚀
👀 If Kamala Harris wins, Bitcoin might drop to the $30K-$40K range. Harris has barely mentioned crypto, leading analysts to predict less favorable conditions for the market.
On the flip side, Trump has been vocal about making the U.S. a global crypto hub, even calling for a bitcoin mining boom and favorable regulations. 🤔
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El Salvador Taxi Driver Becomes Entrepreneur Thanks to Bitcoin
Three years ago, a man launched a car rental business that accepts digital asset payments. 💲
Back then, he was facing financial difficulties and could barely manage to pay his utility bills. Over time, Osorio’s business expanded, and now he employs 21 drivers. 🚖
Thanks to the success of his venture, he was able to buy multiple vehicles and fully fund his children's education. 🏫
Three years ago, a man launched a car rental business that accepts digital asset payments. 💲
Back then, he was facing financial difficulties and could barely manage to pay his utility bills. Over time, Osorio’s business expanded, and now he employs 21 drivers. 🚖
Thanks to the success of his venture, he was able to buy multiple vehicles and fully fund his children's education. 🏫
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🐻 Will the Bitcoin Bear Market Start Below $51K?
📉 Historically, when Bitcoin falls below the Realized Price-to-Liveliness Ratio, now at $51,600, it often continues to drop further to its Realized Price — currently $31,500!
So, the bulls will defend this level at all costs. But if the price doesn't hold... 😬
📉 Historically, when Bitcoin falls below the Realized Price-to-Liveliness Ratio, now at $51,600, it often continues to drop further to its Realized Price — currently $31,500!
So, the bulls will defend this level at all costs. But if the price doesn't hold... 😬
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🚀 Fractal Bitcoin Scaling Project Launches Mainnet
🌀 The team behind Fractal Bitcoin, a scaling solution for Bitcoin, has officially launched its mainnet. This second-layer protocol operates as a sidechain using the Bitcoin Core codebase, ensuring no "external constructs."
⏭ Fractal enables dynamic scaling, increasing block capacity 20x and supporting decentralized apps (dApps) in DeFi, NFT, and gaming. Over 100 projects are preparing to launch on Fractal.
🔗 At block #21,000, assets like BRC-20, Runes, Ordinals, and the decentralized exchange PizzaSwap will go live. The Fractal Bitcoin (FB) token will be used for transaction fees and node access, with governance features coming soon.
Wallet support is already provided by Unisat and OKX.
🌀 The team behind Fractal Bitcoin, a scaling solution for Bitcoin, has officially launched its mainnet. This second-layer protocol operates as a sidechain using the Bitcoin Core codebase, ensuring no "external constructs."
⏭ Fractal enables dynamic scaling, increasing block capacity 20x and supporting decentralized apps (dApps) in DeFi, NFT, and gaming. Over 100 projects are preparing to launch on Fractal.
🔗 At block #21,000, assets like BRC-20, Runes, Ordinals, and the decentralized exchange PizzaSwap will go live. The Fractal Bitcoin (FB) token will be used for transaction fees and node access, with governance features coming soon.
Wallet support is already provided by Unisat and OKX.
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The developers of Web3 social network Friend.Tech transferred control of their smart contracts to Ethereum’s burn address, effectively locking the system and preventing any changes. 🤷
📉 Following this, the token dropped another 26% and is now trading at $0.06 with a market cap of $5.6 million.
Despite this change, the Friend.Tech web app remains functional.
👀 Launched on August 10, 2023, on the Base network, the platform allowed users to tokenize profiles but quickly lost 90% of its activity within weeks.
In May 2024, the team launched a second version and a troubled airdrop, causing the FRIEND token to crash from $169 to $1.4.
📉 Following this, the token dropped another 26% and is now trading at $0.06 with a market cap of $5.6 million.
Despite this change, the Friend.Tech web app remains functional.
👀 Launched on August 10, 2023, on the Base network, the platform allowed users to tokenize profiles but quickly lost 90% of its activity within weeks.
In May 2024, the team launched a second version and a troubled airdrop, causing the FRIEND token to crash from $169 to $1.4.
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How Much an iPhone Cost in Bitcoins Since 2011 🧐
📱Following another Apple product launch event, the CoinGecko team showcased how the price of an iPhone in bitcoins has changed with each new device announcement.
Given Bitcoin's rising value, the cost of an iPhone in cryptocurrency has decreased each year. 📉
📱Following another Apple product launch event, the CoinGecko team showcased how the price of an iPhone in bitcoins has changed with each new device announcement.
Given Bitcoin's rising value, the cost of an iPhone in cryptocurrency has decreased each year. 📉
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🔍 Chainalysis has been exposed for tracking Monero transactions through malicious nodes, undermining the network's claimed privacy! 🙀
👀 An anonymous source provided videos to Cointelegraph, which were subsequently shared on Reddit, sparking concern among Monero users.
Despite Monero's reputation as a private network, the videos reveal that Chainalysis has been effectively tracking transactions since 2021. 🕵️♂️
The leak indicates that Chainalysis operates numerous XMR nodes worldwide, using various geographic locations and internet service providers. This enables them to collect data on IP addresses and transaction timestamps. ⏳
As a result, they are able to link IP addresses to specific transactions, partially compromising the anonymity of the Monero network. 🤔
👀 An anonymous source provided videos to Cointelegraph, which were subsequently shared on Reddit, sparking concern among Monero users.
Despite Monero's reputation as a private network, the videos reveal that Chainalysis has been effectively tracking transactions since 2021. 🕵️♂️
The leak indicates that Chainalysis operates numerous XMR nodes worldwide, using various geographic locations and internet service providers. This enables them to collect data on IP addresses and transaction timestamps. ⏳
As a result, they are able to link IP addresses to specific transactions, partially compromising the anonymity of the Monero network. 🤔
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