๐ธ FTX Payouts Start Today โ Solana Already Down 10%!
FTX is beginning repayments to users with losses under $50K, distributing a total of $16B over the next few months.
But hereโs the catch: Payouts are based on 2022 bottom prices:
โก๏ธ 1 BTC? You get $20K, not $100K or 1 BTC ๐
โก๏ธ ETH holders lucked outโprice barely changed ๐
๐ฅ Solana holders didnโt waitโwith $1.8B in SOL set to hit the market on March 1, theyโve already started dumping. $SOL is down 10% in 24h!
Brace for more volatility. ๐๐
FTX is beginning repayments to users with losses under $50K, distributing a total of $16B over the next few months.
But hereโs the catch: Payouts are based on 2022 bottom prices:
โก๏ธ 1 BTC? You get $20K, not $100K or 1 BTC ๐
โก๏ธ ETH holders lucked outโprice barely changed ๐
๐ฅ Solana holders didnโt waitโwith $1.8B in SOL set to hit the market on March 1, theyโve already started dumping. $SOL is down 10% in 24h!
Brace for more volatility. ๐๐
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๐ถ D.O.G.E. to Audit the SEC? Only in 2025.
The Department of Government Efficiency (D.O.G.E.) is set to audit the SECโbecause, apparently, even regulators need "efficiency checks." ๐
To make it even more surreal, thereโs now an official Twitter account for this operation.
At this point, Elonโs gotta be behind this, right? ๐ค๐ฅ
The Department of Government Efficiency (D.O.G.E.) is set to audit the SECโbecause, apparently, even regulators need "efficiency checks." ๐
To make it even more surreal, thereโs now an official Twitter account for this operation.
At this point, Elonโs gotta be behind this, right? ๐ค๐ฅ
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The OKX exchange is now officially allowed to operate in 28 EEA countries (๐ Read More).
OKX is among the first global crypto exchanges with a MiCA license, fully complying with the new crypto regulation rules.
OKX is among the first global crypto exchanges with a MiCA license, fully complying with the new crypto regulation rules.
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๐ ETH Reserves on Exchanges Hit 9-Year Low โ Supply Shock Incoming?
Ethereum on exchanges has dropped to 18.95M ETH, the lowest since 2016, signaling a possible supply squeeze. Less ETH available + strong demand = ๐?
๐ก Whatโs happening?
๐น Investors are moving ETH to cold storage (bullish sign)
๐น If ETH breaks $2,800, over $822M in short positions get liquidated ๐
๐น A potential Ethereum staking ETF could further tighten supply
So, is ETH about to pump? Or is it just another hopium overdose? ๐ค๐ฅ
Ethereum on exchanges has dropped to 18.95M ETH, the lowest since 2016, signaling a possible supply squeeze. Less ETH available + strong demand = ๐?
๐ก Whatโs happening?
๐น Investors are moving ETH to cold storage (bullish sign)
๐น If ETH breaks $2,800, over $822M in short positions get liquidated ๐
๐น A potential Ethereum staking ETF could further tighten supply
So, is ETH about to pump? Or is it just another hopium overdose? ๐ค๐ฅ
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๐ธ Libra Co-Creator Claimed He Paid Mileiโs Sister!
Hayden Davis, co-creator of the $LIBRA memecoin, allegedly bragged in texts that he bought influence over Argentinaโs President Javier Milei by sending money to his sister, Karina Milei. ๐คฏ
๐น "I send $$ to his sister, and he does what I want." โ Davis in leaked messages
๐น Davis & Kelsier Ventures made over $100M before $LIBRA crashed 95%
๐น Milei is now in damage control mode, while Argentinaโs opposition threatens impeachment
Davis now denies everything, calling it a political attackโbut receipts donโt lie. Did Milei rug Argentina, or did Davis rug Milei? ๐ค๐ฅ
Hayden Davis, co-creator of the $LIBRA memecoin, allegedly bragged in texts that he bought influence over Argentinaโs President Javier Milei by sending money to his sister, Karina Milei. ๐คฏ
๐น "I send $$ to his sister, and he does what I want." โ Davis in leaked messages
๐น Davis & Kelsier Ventures made over $100M before $LIBRA crashed 95%
๐น Milei is now in damage control mode, while Argentinaโs opposition threatens impeachment
Davis now denies everything, calling it a political attackโbut receipts donโt lie. Did Milei rug Argentina, or did Davis rug Milei? ๐ค๐ฅ
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๐ Saylor Goes Full DeFi โ Another $2B for Bitcoin!
Michael Saylorโs Strategy (formerly MicroStrategy) is raising $2B through convertible bonds to buy even more BTC. Because 478,740 BTC ($45B worth) just isnโt enough. ๐
๐น Bonds mature in 2030 with an early redemption option in 3 years
๐น Strategy has been buying BTC 12 out of the last 14 weeks ๐
๐น Goal? $42B in capital by 2027 through stock & debt sales
MSTR stock is down 30% from ATH, but still up 700% in 3 years. ๐ซก๐ฅ
Michael Saylorโs Strategy (formerly MicroStrategy) is raising $2B through convertible bonds to buy even more BTC. Because 478,740 BTC ($45B worth) just isnโt enough. ๐
๐น Bonds mature in 2030 with an early redemption option in 3 years
๐น Strategy has been buying BTC 12 out of the last 14 weeks ๐
๐น Goal? $42B in capital by 2027 through stock & debt sales
MSTR stock is down 30% from ATH, but still up 700% in 3 years. ๐ซก๐ฅ
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๐ BTC Redistribution in 2024: Whoโs Buying, Whoโs Selling?
๐ฅ Retail investors dumped 525K BTC, mainly to funds & ETFs, which scooped up 519K BTC ๐
๐ข Businesses went all-in, stacking +374K BTC ๐ฐ
๐ Governments offloaded -62K BTC, probably to buy more printers ๐จ๐ธ
Retail panic selling, institutions accumulatingโsame old story. ๐คท
๐ฅ Retail investors dumped 525K BTC, mainly to funds & ETFs, which scooped up 519K BTC ๐
๐ข Businesses went all-in, stacking +374K BTC ๐ฐ
๐ Governments offloaded -62K BTC, probably to buy more printers ๐จ๐ธ
Retail panic selling, institutions accumulatingโsame old story. ๐คท
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๐ BTC Buy-In Levels by Investor Groups โ CryptoQuant
CryptoQuant analyzed the average BTC purchase prices across key investor categories:
๐น Funds & Custodians: $89K
๐น Binance Traders: $59K
๐น Public Miners: $57K
๐น Old Whales: $25K
๐ก The data raises questionsโCryptoQuantโs methodology remains unclear. The CEO admitted Binance trader prices are based on deposit addresses, but the criteria for old whales and mining firms werenโt disclosed.
๐ Historically, when BTC dropped below miners' cost basis (May 2022, March 2020, Nov 2018), bear markets followed. However, CryptoQuantโs CEO doesnโt see a bear phase in 2025, even if BTC falls 30% from ATH (e.g., $110K โ $77K).
๐ Takeaway? Some overpaid, some got in cheapโbut the long-term bet is still on BTCโs growth. ๐
CryptoQuant analyzed the average BTC purchase prices across key investor categories:
๐น Funds & Custodians: $89K
๐น Binance Traders: $59K
๐น Public Miners: $57K
๐น Old Whales: $25K
๐ก The data raises questionsโCryptoQuantโs methodology remains unclear. The CEO admitted Binance trader prices are based on deposit addresses, but the criteria for old whales and mining firms werenโt disclosed.
๐ Historically, when BTC dropped below miners' cost basis (May 2022, March 2020, Nov 2018), bear markets followed. However, CryptoQuantโs CEO doesnโt see a bear phase in 2025, even if BTC falls 30% from ATH (e.g., $110K โ $77K).
๐ Takeaway? Some overpaid, some got in cheapโbut the long-term bet is still on BTCโs growth. ๐
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๐ Bitcoinโs price movement is raising suspicions of market manipulation. ๐
Despite billions in institutional inflows, Bitcoin has been range-bound between $92,400 and $106,500 for over two months. ๐๐
Samson Mow, CEO of Jan3, suggests the price action appears "manufactured," noting that the tight range doesn't seem natural. ๐ค
Mow attributes the stagnation to "price suppression," where steady upward movement is followed by sideways consolidation.
Despite the lack of upside, Bitcoinโs long-term outlook remains positive, with predictions of prices reaching $160,000โ$180,000 in 2025. ๐
However, Mow warns that continued price suppression may be linked to significant selling at the margins. ๐ง
Despite billions in institutional inflows, Bitcoin has been range-bound between $92,400 and $106,500 for over two months. ๐๐
Samson Mow, CEO of Jan3, suggests the price action appears "manufactured," noting that the tight range doesn't seem natural. ๐ค
Mow attributes the stagnation to "price suppression," where steady upward movement is followed by sideways consolidation.
Despite the lack of upside, Bitcoinโs long-term outlook remains positive, with predictions of prices reaching $160,000โ$180,000 in 2025. ๐
However, Mow warns that continued price suppression may be linked to significant selling at the margins. ๐ง
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โ๏ธ Nigeria sues Binance for $81.5B!
๐ณ๐ฌ The Nigerian government is taking Binance to court, demanding $79.5B for economic damages and $2B in back taxes. Officials blame the exchange for the nairaโs troubles and even detained two Binance executives in 2024. ๐ฐ
The charges? Tax evasion, failure to file returns, and enabling tax avoidance. Authorities also want a 26.75% interest rate on unpaid taxes.๐ง
Binance, which isn't registered in Nigeria, has denied the money laundering accusations and halted naira trading last year.
๐ณ๐ฌ The Nigerian government is taking Binance to court, demanding $79.5B for economic damages and $2B in back taxes. Officials blame the exchange for the nairaโs troubles and even detained two Binance executives in 2024. ๐ฐ
The charges? Tax evasion, failure to file returns, and enabling tax avoidance. Authorities also want a 26.75% interest rate on unpaid taxes.๐ง
Binance, which isn't registered in Nigeria, has denied the money laundering accusations and halted naira trading last year.
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Mark Cuban Backs Out of Meme Coins! ๐ซ๐ธ
๐ต Billionaire Mark Cuban was considering launching his own meme token but has now shelved the idea, saying the space lacks transparency and fairness.
His decision comes after Argentina's President Milei got caught in a meme coin scandal, where the team behind $LIBRA pulled a $100M rug. Meanwhile, Trumpโs token is still going strong, and Cuban once joked about using meme coin revenue to reduce U.S. debt. ๐ฐ
Looks like Cuban doesnโt want to play "musical chairs" with meme coins. But in crypto, never say neverโฆ ๐
๐ต Billionaire Mark Cuban was considering launching his own meme token but has now shelved the idea, saying the space lacks transparency and fairness.
His decision comes after Argentina's President Milei got caught in a meme coin scandal, where the team behind $LIBRA pulled a $100M rug. Meanwhile, Trumpโs token is still going strong, and Cuban once joked about using meme coin revenue to reduce U.S. debt. ๐ฐ
Looks like Cuban doesnโt want to play "musical chairs" with meme coins. But in crypto, never say neverโฆ ๐
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โ ๏ธ Zombie Companies Turning to Bitcoin for Salvation
In a desperate bid to survive, struggling companies are abandoning business development and instead betting on Bitcoin to attract investors. ๐ฐ
Following Michael Saylorโs playbook, they hope that adding crypto to their balance sheets will boost stock prices and grab headlines. But is this a smart strategy, or just another fad for companies on life support? ๐ค
In a desperate bid to survive, struggling companies are abandoning business development and instead betting on Bitcoin to attract investors. ๐ฐ
Following Michael Saylorโs playbook, they hope that adding crypto to their balance sheets will boost stock prices and grab headlines. But is this a smart strategy, or just another fad for companies on life support? ๐ค
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๐ February: Bitcoinโs Lucky Month? ๐
Historically, February has been one of the greenest months for BTC. To keep the streak alive and avoid marking only the third red February ever, Bitcoin needs to close above $102,500. ๐๐ฅบ
Will the bulls step up, or is history about to get a rare red mark? ๐ค๐ฅ
Historically, February has been one of the greenest months for BTC. To keep the streak alive and avoid marking only the third red February ever, Bitcoin needs to close above $102,500. ๐๐ฅบ
Will the bulls step up, or is history about to get a rare red mark? ๐ค๐ฅ
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Altseason is Here? ๐ง
According to CryptoQuant CEO, altseason has begun! ๐
Is this really the altseason weโve been waiting for? ๐ค๐
According to CryptoQuant CEO, altseason has begun! ๐
No direct BTC-to-alt rotation, but stablecoin holders are favoring alts. Alt volume is 2.7x BTC. BTC Dominance no longer defines alt seasonโtrading volume does.
Itโs a very selective alt season tho. DYOR.
Is this really the altseason weโve been waiting for? ๐ค๐
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A former employee of Bybit's service provider was sentenced to 10 years in prison for a $5,700,000 fraud! ๐๐ฐ
A former fintech employee in Singapore, Ho Kai Xin, scammed $5.7M, mostly in crypto, by editing Excel payroll files to funnel funds into her own wallets. She splurged on a $3.7M penthouse, a Mercedes-Benz, and Louis Vuitton goodsโuntil reality caught up. ๐ต๐
โ๏ธ Ho was sentenced to nearly 10 years in jail, but not before ignoring court orders and blowing another $840K. ByBit managed to recover some funds, but millions remain missing. ๐คท
A former fintech employee in Singapore, Ho Kai Xin, scammed $5.7M, mostly in crypto, by editing Excel payroll files to funnel funds into her own wallets. She splurged on a $3.7M penthouse, a Mercedes-Benz, and Louis Vuitton goodsโuntil reality caught up. ๐ต๐
โ๏ธ Ho was sentenced to nearly 10 years in jail, but not before ignoring court orders and blowing another $840K. ByBit managed to recover some funds, but millions remain missing. ๐คท
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๐ฆ๐ท๐ช Milei Gifts Musk a ChainsawโSymbol of Budget Cuts
Argentinian President Javier Milei gave Elon Musk a chainsaw, representing his fight against corruption and budget cuts. In true Musk fashion, he updated his Twitter avatar and now seems ready to audit the Fed. ๐
Chainsaw diplomacy or just another meme in the making? ๐ค๐ฅ
Argentinian President Javier Milei gave Elon Musk a chainsaw, representing his fight against corruption and budget cuts. In true Musk fashion, he updated his Twitter avatar and now seems ready to audit the Fed. ๐
Chainsaw diplomacy or just another meme in the making? ๐ค๐ฅ
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๐ Solana Leaves ETH & BTC in the Dust?
Solana now has 10x more daily active users than Ethereum and Bitcoin! The shift happened in January 2024 and is still holding strong. ๐
But before calling it a flippening, rememberโthe chart doesnโt account for Layer 2 networks. Is Solana truly dominating, or is there more to the story? ๐ค๐ฅ
Solana now has 10x more daily active users than Ethereum and Bitcoin! The shift happened in January 2024 and is still holding strong. ๐
But before calling it a flippening, rememberโthe chart doesnโt account for Layer 2 networks. Is Solana truly dominating, or is there more to the story? ๐ค๐ฅ
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๐ฐ Pig Butchering Scams Rake in $5.5B in 2024
According to Cyvers, this scheme is now the biggest threat to retail investors and platforms in early 2025. ๐จ
๐ท Pig Butchering works by luring victims into fake investments, building trust, and encouraging bigger depositsโonly to vanish with the funds once the "pig" is fat enough. ๐ช
Stay sharp and donโt get slaughtered! โ ๏ธ๐ซ
According to Cyvers, this scheme is now the biggest threat to retail investors and platforms in early 2025. ๐จ
๐ท Pig Butchering works by luring victims into fake investments, building trust, and encouraging bigger depositsโonly to vanish with the funds once the "pig" is fat enough. ๐ช
Stay sharp and donโt get slaughtered! โ ๏ธ๐ซ
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CryptoQuant CEO on the Bull Cycle ๐
Wellโฆ in the last 7 trading days, Bitcoin ETFs saw a net outflow of $1.057B! ๐ฌ Is the bear cycle knocking on the door, or just a temporary shakeout? ๐ป๐
"This bull cycle would last until significant ETF outflows emerge. Prolonged net negative demand would signal the start of a bear cycle" - says CryptoQuantโs CEO.
Wellโฆ in the last 7 trading days, Bitcoin ETFs saw a net outflow of $1.057B! ๐ฌ Is the bear cycle knocking on the door, or just a temporary shakeout? ๐ป๐
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๐บ๐ธ๐ฐ Bitcoin to Save the US Economy?
VanEck analysts claim that if the US accumulates 1M BTC by 2029, it could help offset $21T of national debt by 2049. ๐
Sounds like a bold planโbut can Bitcoin really fix Americaโs financial woes, or is this just another bullish fantasy? ๐ค๐
VanEck analysts claim that if the US accumulates 1M BTC by 2029, it could help offset $21T of national debt by 2049. ๐
Sounds like a bold planโbut can Bitcoin really fix Americaโs financial woes, or is this just another bullish fantasy? ๐ค๐
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