Briefly Crypto
5.53K subscribers
3 photos
67.7K links
Screening #Crypto & #NFT news in real-time, AI-driven.

🚨 Articles are not endorsements 🚨

Created by @danclarkie in collaboration with @imBagsy

twitter.com/BrieflyCrypto
Download Telegram
​Trump's Grand Vision: Transforming USA into World's Crypto Hub


With an audacious move, President Trump plans to establish the United States as the undisputed king of cryptocurrencies. The announcement comes amidst a growing global interest in digital currencies, with Trump's bold plan positioning the U.S. at the forefront of this cutting-edge financial arena. With exact details of the plan still under wraps, crypto enthusiasts are intrigued to see how the U.S. will set itself to become the "crypto capital of the planet." This ambitious plan highlights Trump's ongoing efforts to foster innovation and harness the potential of cryptocurrencies in the national economy.


Sentiment: Positive
​Read Article
Meme Coin Turns Crypto Trader's Million-Dollar Smile Upside Down in 60 Minutes


Sometimes, the comic world of meme coins proves to be more of a tragedy than a comedy. This proved all too true for one wallet-wielding warrior who watched their SOL savings of $1 million dissolve into a paltry $9,000 in just an hour, as per data from the eagle-eyed Lookonchain. The culprit? A meme coin trading under the banner of MBAPPE. This plucky trader employed 7,156 SOL in a daring, single-move transaction to purchase this meme coin. However, MBAPPE proved to be less world-class striker and more a rookie on the bench, sending the investment crashing down to a mere $9,200. It's a cruel game when another trader turns a modest $29 punt on the same coin into a whopping $125,000 in a jaw-dropping three minutes, as highlighted by Finbold. Elsewhere, political bias seeped into trading when an initial investment of almost $900,000 in Solana for the "Restore The Republic" token ended with a shriveled 113.3 SOL after a dour four hours.


Sentiment: Negative
​Read Article
Bitcoin Likely to Hold Its Horses Until After U.S. Elections, Data Indicates


According to the historical motion of Bitcoin, it seems the popular cryptocurrency starts breaking a sweat two to three months prior to the U.S. presidential elections, and then cools off with a good old rally after the political chaos settles. What tickles the Bitcoin's fancy? Well, it seems the year-end jitters coupled with the election fever form a cocktail that's a bit too strong for Bitcoin, making it jiggle and sway. In this dance, Bitcoin doesn't step alone; other entities from the fiscal world join in, courtesy of the elections' uncertain outcome stirring a risk-averse environment.

It’s not all politics, though. U.S. monetary policy, the global economy, and tech strides in the crypto universe are also invited to this cocktail party, influencing Bitcoin's fancy footwork. An interesting note: the Polygon-based prediction market, Polymarket, serves as the party's thermometer, reflecting the heat of the U.S. elections. The bets on each candidate add spice to the mix, indicating who might end up headlining the party.



Sentiment: Neutral
​Read Article
​Dell's Upcoming Profit Announcement: Bitcoin Buffs Prepare For Probable Cryptocurrency Revelation


Talk about a cliffhanger! All eyes, well, at least the ones belonging to the tech and financial aficionados, are eagerly waiting around for Dell's forthcoming earning revelations. But the real twist in the tale here? The high possibility of a Bitcoin disclosure. Yes, you read that right! The stalwart computing company is edging towards the apex updates, piquing the curiosity and raising the heart rates of crypto enthusiasts across the globe. Whether they've rolled the crypto-dice and gotten comfy with Bitcoin or not, we don't know yet. But just the thought of such a disclosure happening is enough to drum up suspense on par with a Hollywood thriller. The grand reveal is nigh, and we, along with the rest of the world, wait with bated breath. Let's see if Dell will give us a plot twist for the ages or if the story ends with the turn of a not-so dramatic page. In the wise words of a modern day philosopher holding a martini with an olive, "Shaken, not stirred."


Sentiment: Exciting
​Read Article
​Bitcoin's Stratospheric Ascent to $350K in 2024, Declares Michael Saylor


Bitcoin champion Michael Saylor has let the cat out of the bag once again, predicting that the flagship cryptocurrency could skyrocket to an eye-watering $350,000 in 2024, all within just four months. This ambitious forecast has stirred the pot, inspiring fiery debates among both the Bitcoin faithful and their skeptic counterparts on the currency's potential trajectory in the near future.

Saylor, who has traditionally been bullish on Bitcoin, touts its value-retention capacity and its role as an inflation bulwark. He pinpoints Bitcoin's scarcity as the secret sauce that sets it apart from old-school fiat currencies.

It's fair to say that Saylor's $350,000 Bitcoin prediction by 2024 sounds like an uphill task. But his outlook isn't exactly orbiting in fantasyland. Even if Bitcoin doesn't miraculously reach Saylor's lofty target, his continual participation and predictions on the cryptocurrency front ensure that the discourse surrounding Bitcoin's destiny remains at the forefront of financial dialogues well into 2024 and beyond.


Sentiment: Amused
​Read Article
​Lone Bitcoin Miner Scoops a Whopping $200,000 Block Reward


In a true 'rags to riches' tale from the crypto universe, a solo Bitcoin miner has hit the goldmine, quite literally, with a striking $200,000 block reward. This solo digger has proven that sometimes, it's not all about the mighty mining pools and equipment. With a good mix of hard work and a dash of luck, you might just hit the Bitcoin bonanza. This fortunate event serves as a reminder that the cryptocurrency world remains a field full of exciting surprises and potential windfalls.


Sentiment: Humorous
​Read Article
​El Salvador's Bukele Expresses Bitcoin Adoption Blues.


It appears that even digital hurdles are indeed complex to jump over, as El Salvador's President Nayib Bukele may indicate. Despite strong strides to push Bitcoin into the limelight, Bukele admits that the cryptocurrency has yet to rave the parties of widespread acceptance and adoption. Yes, you heard it right - the Bitcoin bash hasn't exactly turned out to be the rave of the decade. The party invites were rolled out, but the RSVPs are still pending. It's either the digital age is going through some snail mail moment, or the world is yet to warm up to the hearty embrace of the cryptosphere. As it stands, it seems the Bitcoin ball is yet to get rolling on the Salvadoran dance floor, leaving us to ponder whether Bitcoin's salsa steps were a tad too radical or whether the tune will eventually catch on. Bukele's public sentiment on Bitcoins slow dance towards mass acceptance certainly adds a spin to the crypto beat. So, while the world watches and waits, only time will tell how the beat of Bitcoin will play out on the global stage.


Sentiment: Witty
​Read Article
​Cryptocurrency Fraudster Snared Despite Facial Makeover and Fuzzy Wigs - Cryptic Decrypt


In a drama worth of a Hollywood script, a crafty cryptocurrency scammer has finally been brought to justice. The con artist, despite employing a range of shenanigans including tweaking his facial appearance and sporting a series of wigs, failed to dodge the long arm of the law. Actively hunted by authorities, the scammer's efforts to shroud behind disguises turned out to be as volatile as the crypto market itself. His peculiar taste in hairdo, particularly for the extravagant and unusual, did little to throw the investigating beagles off his fraudulent scent. The series of events added another chaotic layer to the swirling world of cryptocurrencies. The incident serves as a timely reminder for crypto enthusiasts and potential investors to be vigilant against digital threats and scams lurking in the labyrinth of crypto space.


Sentiment: Amusing
​Read Article
​Dormant Bitcoin Wallet From 2011 Awakens, Moves Millions in Bitcoin yielding massive profit


A snoozing Bitcoin wallet, inactive since 2011, just got its wake-up call as it moved a notable 64.59 BTC over the past weekend. This mysterious wallet, which first received these Bitcoins in February 2011 when Bitcoin was barely scratching the surface at $0.998 per BTC, transferred an impressive $4,142,580. This means, considering the original investment of only $64.46, a staggering 6,426,507% profit was realized. Over the years, this old-timer wallet has caught a few stray fractions of BTC, seemingly from dusting attacks. And there’s more... this musty wallet isn’t the only one stirring from its decade-long nap. Crypto-analysts Whale Alert has flagged another Bitcoin wallet that moved an impressive 25 BTC, worth $1.597 million, this past Sunday after a decade-long hiatus. Such activity from dormant wallets often stirs up speculation about possible links to Bitcoin's elusive creator, Satoshi Nakamoto. This intrigue adds a sparkle to the crypto world and keeps an air of mystery around these long lazy wallets.


Sentiment: Amused
​Read Article
​Bukele Touts Bitcoin Bonanza: Branding, Investments and Tourism


Despite facing a considerable amount of doubt internally and externally, El Salvador President Bukele gleams at the silver linings brought on by Bitcoin. In a recent exchange with Time Magazine, Bukele unravelled the benefits the Bitcoin experiment delivered, regardless of its limited local assimilation. He believes Bitcoin provided the country with more than just a name-tag; it encouraged a digital economic influx, catalyzing tourism and attracting foreign capital. Many invested their reserves in the nation's bid to bag financial sovereignty, advancing the country into the realm of economic creativity. Adding an extra layer of spice, the controversial yet ambitious Bitcoin move seemed to be more than a betting chip for some. The roll of the dice apparently seems to have paid off, leading the lobbyist Damian Merlo to express that traveller inflows due to the Bitcoin fascination was a high-risk, high-reward gamble that worked in favor of the nation. Thus, even in the midst of hesitations and forewarnings, Bukele continues to hold Bitcoin close as a crucial part of his plan to make El Salvador an attractive magnetic point for outside funding and visitor crowds.


Sentiment: Positive
​Read Article
​Texas Republicans Showing Less Love for Crypto


Unfortunately, there isn't much to go by with regards to the Texan Republicans' sentiments towards cryptocurrencies. Perhaps they've lost their cowboy bravado, or maybe they've been hogtied by the volatile nature of the crypto market. One could speculate that they're just not ready for the crypto rodeo. All in all, it's as unpredictable as a bull at a rodeo. However, without more context and information from a source, it's like trying to lasso the wind.


Sentiment: Neutral
​Read Article
​Onchain AI model pioneer? ICP Hosting redefines innovation


Artificial intelligence firm DecideAI is boasting of a "blockchain first" by packing an older AI model entirely onto the Internet Computer (ICP) blockchain. The company used the 2019 version of OpenAI's GPT model to mark a critical milestone towards the development of sophisticated onchain AI models. According to DecideAI, this could be a game changer in sectors such as healthcare. Imagine an AI model poring over patient data and providing treatment recommendations, all verifiable onchain! And let's not forget finance and education, where these onchain models could bump up fraud detection or streamline training data and model updates. But ICP is just the beginning for DecideAI, which has its sights set on Ethereum and Solana blockchains for future expansion. Looks like this blockchain magic carpet ride is ready for take off, so fasten your seatbelts, folks!


Sentiment: Optimistic
​Read Article
​"PolitiFi Tokens Trump Meme Coins with a Whopping 782% Surge in 2024!"


In the rollercoaster universe of cryptocurrency, PolitiFi tokens are taking the lead. These political-themed meme coins have turned the tables by soaring a staggering 782.4% on average during the year 2024, according to reports from CoinGecko. Towering above all is ConstitutionDAO, the biggest PolitiFi token, boasting a market cap of $385.6 million and flaunting a 494.3% price jump since the year's start. Close behind is the Trump-associated MAGA Hat token that staged a formidable 1,292.1% price rally since being born in May, bagging a cozy third spot in PolitiFi ranks with its $35.5 million market cap. 2024 turned out to be an eventful year in terms of politics, with occurrences like Trump's Iowa caucus win, his hush money payment outcome, Biden's health glitches, and various campaign activities, all playing a part in stirring the PolitiFi pot. Despite leaving meme coins in their dust, PolitiFi coins make up a mere 1.5% of the meme coin universe, hinting at a significant potential for growth. Their combined weight comes to $680.8 million, a small blip compared to the sizable $45.6 billion market cap of all meme coins.


Sentiment: Positive
​Read Article
1
​Indian Court Issues "Shutdown Order" For 38 Crypto-Phishing Sites


The Indian Ministry of Communications received a court order to close up 38 phoney sites pretending to be the crypto exchange Mudrex. This response came from the Delhi High Court after Mudrex called for intervention. About 15 unsuspecting victims knocked at Mudrex's door – be it their customer service inbox or their literal office space in Bengaluru – to report this online bamboozlement. The crafty tricksters had been posing as Mudrex employees on apps like Telegram, luring in victims with tantalizing enticements like rich rewards and flashy job roles. The small print? Just penning down some generous Google reviews. Following this Supreme Court ruling, it's clear that these sketchy sites have been leading the public astray – drawing them into risky financial ventures under the pretense that they're doing business with the real Mudrex.


Sentiment: Negative
​Read Article
​Russia Prepares to Deflect Sanctions via Crypto Rail


In a daring move seemingly plucked straight out of a James Bond movie, Russia is testing fortuity to manipulate the loopholes of international finance. You might guess, smuggling gold in submarine? Or perhaps, hatching black widow operatives in Wall Street? Nah! Russia is simply thinking of leveraging the enigmatic world of cryptocurrency to bypass the sanctions imposed on it. The plan is sharp as a roulette and can ruffle some serious feathers across financial habitats, contributing significantly to the global conversation on crypto regulation and financial warfare. Absolutely no sanctions were hurled while summarising this piece of news for you.


Sentiment: Amused
​Read Article
​El Salvador's Bitcoin Investment Triumphs as $135M Becomes $400M, Declares President Bukele


In the great cryptocurrency gamble, none have been more daring than El Salvador, according to President Nayib Bukele's recent interview with TIME. He took a moment to crow a bit about how the country's brazen bet on Bitcoin has played out like a high-stakes poker win. Despite the lukewarm adoption of the digital currency, El Salvador hasn't been shy about upping the ante, purchasing approximately 1 BTC day by day.

Compared to Blackrock's colossal BTC ETF, El Salvador's piles of Bitcoin are dwarfed, but the country's moxie is unmistakable. Its initial plunge into this crypto pit was a modest $135 million. Now, their public wallet is bursting at the digital seams with a whopping $400 million in Bitcoin. According to Bukele, the government has played its hand well.

While the International Monetary Fund had initially expressed concerns about the risky endeavor, it seems the game of Bitcoin in El Salvador has played out without a hitch. In fact, it seems they've only reaped the benefits with no massive downturns to speak of–with Bukele driving home this point enthusiastically. The future of Bitcoin shines brightly, at least in the eyes of this daring president.


Sentiment: Positive
​Read Article
👍1
​Aussie Bitcoin ATMs on the March Following Series of Stumps


Remember those times when kangaroos were the only thing jumping in Australia? Well, not anymore! The land of glorious beaches and bewildering wildlife is adding a new kid on the block to its jumping club. Noboos, we're not talking about another indigenous species, but about Bitcoin ATMs! Witnessing an impressive growth trend, Bitcoin ATMs are doing the 'Upside Down' dance in Australia after a hectic past featuring multiple false starts. These digital kangaroos sprung into life post some initial hick-ups, and have now become a significant landmark in the landscape of Australia's crypto industry.

In the past, Aussie Bitcoin ATM adoption resembled playing didgeridoo for the first time – a lot of huffing and puffing with not much to show for it. But now, the situation is as different as night and day. The Bitcoin ATM industry in Australia epitomizes the age-old adage – 'After a storm comes a calm.' The industry, after weathering lots of storms, is now bathed in calm waters, all set to surf the wave of growth.

Despite the earlier false starts, like a determined Aussie cricketer standing his ground, Bitcoin ATMs did not back down. Evading all the "throw another shrimp on the barbie" procrastination, they've boomeranged back into the game, stronger than ever. It's like the Australians have discovered a new kind of gold rush, and this one's digital!


Sentiment: Positive
​Read Article
​BlackRock's Bitcoin ETF Sees First Cash Out in Four Months; ARK Bucks the Trend


BlackRock's iShares Bitcoin Trust recently experienced a financial hiccup, with its first cash outflow in nearly four months, shaking up the crypto sphere a bit. In an unexpected twist of events, ARK 21Shares Bitcoin ETF proved to be the dark horse, raking in a net inflow of a cool $5.3 million on the very same day. Keen-eyed crypto analyst Maartunn highlighted a testing point for Bitcoin, which is inching towards the average cost basis of the BlackRock Bitcoin ETF for the fourth challenge. BlackRock's Bitcoin ETF, not one to be easily upstaged, holds a sizable chunk of digital gold, with about 340,855 BTC, placing it third on the global chart just behind the elusive Satoshi Nakamoto and the top crypto swapping platform, Binance. This sudden cash outflow reveals a strategic deviation noticeable across various Bitcoin ETFs, with BlackRock's iShares Bitcoin Trust at the heart of the shift.


Sentiment: Neutral
​Read Article
​OKX Prepped and Paw-some to Rollout Hamster Kombat Token for Spot Trading


Call your hamsters and break out the ninja stars: Hamster Kombat is set to stir the crypto cauldron with its listing on OKX for spot trading starting next September. This nugget of news comes paw-in-paw with Hamster Kombat's anticipated token airdrop. After more shifts than a hamster on a wheel, the airdrop announcement has finally landed, initially broadcast to the world on August 28. Now the 60% of HMSTR tokens, previously allocated for users, might be facing a cage-match with selling pressures after the listing. Just ask Notcoin. Unless you've been living in a burrow, we all saw them dive into a price plummet after the bell rang for spot trading. But hey, with over 50 million active users, Hamster Kombat is going in with the aim to host the "Largest airdrop in crypto history." Meanwhile, the crypto community is left nibbling on the question regarding how the clicker game expects to keep its fans interactive once the airdrop lands.


Sentiment: Neutral
​Read Article
​WazirX Allocates Millions to Tackle Legal Fees Amidst Crypto Cyber Heist Repercussions


In a tale of turbulence and transition, WazirX, an Indian cryptocurrency exchange, is buffering its coffers with multi-million dollar legal funds. This move comes to pass as a response to the theft of hundreds of millions of dollars' worth of crypto from the trading platform in July. The cataclysmic cyber assault has sparked a whirlwind of legal battles, with CoinSwitch, another crypto exchange, raising a red flag over trapped funds on WazirX.

In the shadowy game of exchanges, title deeds are never certain. An intriguing twist lies in Binance's claim to have acquired WazirX back in 2019, but the markets are still fuzzed over who holds the strings. Fast forwarding to the current scene, Zettai appears to have seized control of WazirX's assets and is whispering of a six-month timeline for seamless crypto withdrawals.

Meanwhile, the cyber cops at WazirX are hot on the thief's trail, ringing up some 500 crypto exchanges to bolt identified wallet addresses linked to these pirated treasures. As both the drama and cryptocurrency sums escalate, only time will tell whether cooler heads and uncluttered ledgers will prevail.


Sentiment: Concerned
​Read Article
​"House Committee Prepares for Crypto Crunch: A September to Remember"


This September, dust off your gavel and polish your gavel block, because The U.S. House Committee is getting ready to have a series of cryptocurrency hearings. While the specifics are scantier than a minimalist's wardrobe, we know the schedule is going to be chock-full of blockchain babble. Buckle up crypto enthusiasts, it's time for Uncle Sam's deep dive into the cryptoverse.


Sentiment: Humorously Intriguing
​Read Article