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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๐บ๐ธโก๏ธ Saylor: The US Must Buy 20% of Bitcoin Before China & Russia Do
Michael Saylor warns that digital economic dominance is at stakeโand the US must secure 20% of Bitcoinโs supply before global rivals like China and Russia take the lead. ๐
With 478,740 BTC ($45B), Saylorโs firm (ex-MicroStrategy) leads corporate holdingsโbut will Washington follow his call? ๐ค๐ฅ
Michael Saylor warns that digital economic dominance is at stakeโand the US must secure 20% of Bitcoinโs supply before global rivals like China and Russia take the lead. ๐
"Bitcoin is the foundation of the 21st-century economy. If others buy first, theyโll lock the US out of the future financial order."
With 478,740 BTC ($45B), Saylorโs firm (ex-MicroStrategy) leads corporate holdingsโbut will Washington follow his call? ๐ค๐ฅ
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โฝ๏ธ Ethereum Transaction Fees Hit 4-Year Low!
The cost of transactions on the Ethereum network has dropped to a 4-year low at just $0.94.
๐ป Additionally, the median gas price has returned to its historic minimum of 1.39 Gwei, a level last seen in 2020.
Is this a sign of reduced network activity or a more efficient blockchain? ๐ค
The cost of transactions on the Ethereum network has dropped to a 4-year low at just $0.94.
๐ป Additionally, the median gas price has returned to its historic minimum of 1.39 Gwei, a level last seen in 2020.
Is this a sign of reduced network activity or a more efficient blockchain? ๐ค
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๐จ ByBit Hacked โ $1.1B Lost!
ByBit has suffered a major security breach. 401,346 wrapped ETH (~$1.1B) was withdrawn from an exchange wallet and immediately swapped for regular ETH on DEX.
ByBitโs CEO confirmed that a hacker gained control of a cold Ethereum wallet and moved all ETH to an unknown address. ๐
๐ ZachXBT also flagged this as a confirmed hack.
Stay alert โ more updates to come! โ ๏ธ
ByBit has suffered a major security breach. 401,346 wrapped ETH (~$1.1B) was withdrawn from an exchange wallet and immediately swapped for regular ETH on DEX.
ByBitโs CEO confirmed that a hacker gained control of a cold Ethereum wallet and moved all ETH to an unknown address. ๐
๐ ZachXBT also flagged this as a confirmed hack.
Stay alert โ more updates to come! โ ๏ธ
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Crypto soothsayer
๐จ ByBit Hacked โ $1.1B Lost! ByBit has suffered a major security breach. 401,346 wrapped ETH (~$1.1B) was withdrawn from an exchange wallet and immediately swapped for regular ETH on DEX. ByBitโs CEO confirmed that a hacker gained control of a cold Ethereumโฆ
A massive 560,000,000 USDT transaction was just sent to Bybit! ๐คฏ
With the recent hack and ongoing security concerns, whatโs really going on? ๐
With the recent hack and ongoing security concerns, whatโs really going on? ๐
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๐จ Bybit Restores Withdrawals After $1.5B Hack
Bybit CEO Ben Zhou confirmed that all withdrawals have been processed, and the system has returned to a normal pace after the largest hack in crypto history.
๐ก Key Updates:
๐น Users can now withdraw funds without delays.
๐น A full incident report & security assessment will be released soon.
๐น Bitget & Crypto.com have pledged support, with Bitget transferring 40,000 ETH ($105M) to help.
The response from Bybitโs team has been praised as a masterclass in crisis management. Stay tuned for further updates! ๐
Bybit CEO Ben Zhou confirmed that all withdrawals have been processed, and the system has returned to a normal pace after the largest hack in crypto history.
๐ก Key Updates:
๐น Users can now withdraw funds without delays.
๐น A full incident report & security assessment will be released soon.
๐น Bitget & Crypto.com have pledged support, with Bitget transferring 40,000 ETH ($105M) to help.
The response from Bybitโs team has been praised as a masterclass in crisis management. Stay tuned for further updates! ๐
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๐ฅท Bybit Hack Linked to North Korean Lazarus Group!
๐ Arkham launched a $32,000 bounty (50,000 ARKM) for information on the Bybit hacker. Just one hour later, blockchain investigator ZachXBT provided definitive proof that the attack was carried out by Lazarus Group โ a notorious North Korean hacking syndicate.
๐ His findings include:
โช๏ธTest transactions and linked wallets used before the hack.
โช๏ธForensic graphs & timing analysis.
The report has been shared with Bybit to aid their investigation. ๐
๐ Arkham launched a $32,000 bounty (50,000 ARKM) for information on the Bybit hacker. Just one hour later, blockchain investigator ZachXBT provided definitive proof that the attack was carried out by Lazarus Group โ a notorious North Korean hacking syndicate.
๐ His findings include:
โช๏ธTest transactions and linked wallets used before the hack.
โช๏ธForensic graphs & timing analysis.
The report has been shared with Bybit to aid their investigation. ๐
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๐ฅ Arthur Hayes and Samson Mow Proposes Ethereum Rollback After Bybit Hack
๐ Arthur Hayes suggested rolling back Ethereum to the block before the $1.5B Bybit hack, arguing it would help both the exchange and hodlers. ๐
He compares Ethereum to BNB, calling it "DeFi on CZโs computer."
๐ฅธ Bitcoin maximalist Samson Mow supports the idea, claiming ETH rollback would prevent $1.4B from fueling North Koreaโs nuclear program.
๐ Proposed Plan:
1๏ธโฃ Pause all ETH trading.
2๏ธโฃ Pre-hack chain keeps the ETH ticker.
3๏ธโฃ The hacked chain is renamed ETHNK (North Korean ETH).
4๏ธโฃ ETH, ETHNK, and ETC continue separately.
5๏ธโฃ ETHNK gets delisted from Coinbase immediately.
Will Ethereum devs consider this radical move? ๐ค
๐ Arthur Hayes suggested rolling back Ethereum to the block before the $1.5B Bybit hack, arguing it would help both the exchange and hodlers. ๐
๐ฌ "ETH stopped being money after the 2016 DAO fork. If we already voted no on immutability then, why not do it again?"
He compares Ethereum to BNB, calling it "DeFi on CZโs computer."
๐ฅธ Bitcoin maximalist Samson Mow supports the idea, claiming ETH rollback would prevent $1.4B from fueling North Koreaโs nuclear program.
๐ Proposed Plan:
1๏ธโฃ Pause all ETH trading.
2๏ธโฃ Pre-hack chain keeps the ETH ticker.
3๏ธโฃ The hacked chain is renamed ETHNK (North Korean ETH).
4๏ธโฃ ETH, ETHNK, and ETC continue separately.
5๏ธโฃ ETHNK gets delisted from Coinbase immediately.
Will Ethereum devs consider this radical move? ๐ค
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Crypto soothsayer
๐ฅท Bybit Hack Linked to North Korean Lazarus Group! ๐ Arkham launched a $32,000 bounty (50,000 ARKM) for information on the Bybit hacker. Just one hour later, blockchain investigator ZachXBT provided definitive proof that the attack was carried out by Lazarusโฆ
๐ฐ Kim Jong Un โ Now a Top ETH Holder?
๐ฅท Following the $1.5B Bybit hack, North Korea may have become the 14th largest ETH holder globally โ surpassing Vitalik Buterin and even the Ethereum Foundation. ๐
With Lazarus Group identified as the attackers, the stolen funds could now be under Kim Jong Unโs control. Whatโs next for these assets? ๐ค
๐ฅท Following the $1.5B Bybit hack, North Korea may have become the 14th largest ETH holder globally โ surpassing Vitalik Buterin and even the Ethereum Foundation. ๐
With Lazarus Group identified as the attackers, the stolen funds could now be under Kim Jong Unโs control. Whatโs next for these assets? ๐ค
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๐ฐ Bybit Covers $1.4B Hack Losses
Bybit CEO Ben Zhou announced that the exchange has fully restored its Ethereum reserves after the record-breaking $1.4B hack. A Proof-of-Reserves (PoR) report is coming soon. โณ
How did they do it? ๐ค According to Lookonchain, Bybit covered the deficit using borrowed funds, whale deposits, and OTC ETH purchases.
Despite losing 400,000+ ETH from a cold wallet on Feb 21, Bybit avoided a liquidity crisis and kept withdrawals running.๐ฅ
Bybit CEO Ben Zhou announced that the exchange has fully restored its Ethereum reserves after the record-breaking $1.4B hack. A Proof-of-Reserves (PoR) report is coming soon. โณ
How did they do it? ๐ค According to Lookonchain, Bybit covered the deficit using borrowed funds, whale deposits, and OTC ETH purchases.
Despite losing 400,000+ ETH from a cold wallet on Feb 21, Bybit avoided a liquidity crisis and kept withdrawals running.๐ฅ
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๐จ Infini Crypto Bank Hacked for $50M!
Hackers just drained $50M from Infini, according to SpotOnChain. While itโs nowhere near Bybitโs $1.4B disaster, the trend is getting scary. ๐ฌ
Another day, another crypto hackโwhoโs next? ๐ฅ
Hackers just drained $50M from Infini, according to SpotOnChain. While itโs nowhere near Bybitโs $1.4B disaster, the trend is getting scary. ๐ฌ
Another day, another crypto hackโwhoโs next? ๐ฅ
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๐ฅท Meet the Leader of Lazarus Hackers!
His name is Pak Inโa North Korean hacker wanted by the FBI. ๐ต๏ธโโ๏ธ
๐ Studied at Kim Chaek University of Technology (Pyongyang)
๐ผ Worked at Chosun Expo, a Lazarus Group front company
๐ป Accused of launching WannaCry, the ransomware that hit 150+ countries
๐ฐ Lazarusโ Biggest Heists:
๐ Bangladesh Central Bank โ $81M
๐ Axie Infinity (Ronin Bridge) โ $625M
๐ Harmony Bridge โ $100M
๐ Stake.com โ $41M
๐ Atomic Wallet โ $100M
๐ WazirX โ $230M
๐ Bybit โ $1.4B (Record-breaking!)
His name is Pak Inโa North Korean hacker wanted by the FBI. ๐ต๏ธโโ๏ธ
๐ Studied at Kim Chaek University of Technology (Pyongyang)
๐ผ Worked at Chosun Expo, a Lazarus Group front company
๐ป Accused of launching WannaCry, the ransomware that hit 150+ countries
๐ฐ Lazarusโ Biggest Heists:
๐ Bangladesh Central Bank โ $81M
๐ Axie Infinity (Ronin Bridge) โ $625M
๐ Harmony Bridge โ $100M
๐ Stake.com โ $41M
๐ Atomic Wallet โ $100M
๐ WazirX โ $230M
๐ Bybit โ $1.4B (Record-breaking!)
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๐ Strategy Buys Another 20,356 BTC for $1.99B
Michael Saylorโs Strategy just grabbed 20,356 BTC at $97,514 per coin, bringing their total holdings to 499,096 BTC ($33.1B spent).
๐ Average buy price: $66,357
๐ฐ Unrealized profit: $14.8B+
Saylor keeps stackingโis there ever a top? ๐คฏ๐ฅ
Michael Saylorโs Strategy just grabbed 20,356 BTC at $97,514 per coin, bringing their total holdings to 499,096 BTC ($33.1B spent).
๐ Average buy price: $66,357
๐ฐ Unrealized profit: $14.8B+
Saylor keeps stackingโis there ever a top? ๐คฏ๐ฅ
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Crypto soothsayer
๐จ Bybit Restores Withdrawals After $1.5B Hack Bybit CEO Ben Zhou confirmed that all withdrawals have been processed, and the system has returned to a normal pace after the largest hack in crypto history. ๐ก Key Updates: ๐น Users can now withdraw funds withoutโฆ
The Bybit exploiter is actively moving stolen funds through multiple DEXs, including OKX DEX! ๐ต
๐ Recently swapped $3.64M in ETH for DAI
๐ Recently swapped $3.64M in ETH for DAI
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