📊 The number of cryptocurrency holders worldwide reached 617 million in September, with 30-60 million active monthly users

💳 In the second quarter, stablecoin transaction volumes more than doubled the number of Visa transactions, according to a16z Crypto
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🇹🇭 Thailand's SCB Introduces Stablecoin-Based Cross-Border Payments

🔥 The Siam Commercial Bank (SCB) has introduced a new cross-border payment service using stablecoins, marking the first time stablecoins have been used for international remittances in Thailand’s traditional finance sector

🆒 SCB partnered with Lightnet and Fireblocks to manage infrastructure and custody. After successful trials in the Bank of Thailand’s regulatory sandbox, the service is now fully operational
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🕵️‍♂️ White hat hacker danielvf revealed details of the $51M Radiant Capital hack:

1️⃣ Hackers used a trojan to infect the devices of team members.

2️⃣ Hardware wallets signed a transferOwnership function, giving hackers control of the lending pool.

3️⃣ Malicious code was embedded in the smart contract, allowing funds to be stolen during asset withdrawals.

Danielvf emphasized the high skill level of the attackers and warned of their possible return
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😎 The EigenLayer account on X has been hacked, do not click on any links
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🤑 $96 turned into $3 million (31,250x)

🚀 Back in August, a trader decided to take a gamble and threw in just $96 for 608,650 TRUMP tokens. Now, at the peak of the hype, he’s already sold a small part and pocketed $30k, but still sitting on an unrealized profit of $3 million!

Why hasn’t he sold it all? Looks like he’s waiting for Trump to win the election, hoping for an even bigger pump! 🫡
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⚡️ ECB Wants Bitcoin Ban, Calls Early Adopters "Exploiters"

The European Central Bank (ECB) claims that older Bitcoin holders are "exploiting" new ones and proposes strict price controls or even a ban on BTC. They argue that early adopters unfairly profited by buying low and selling high, supposedly leading to social chaos as Bitcoin prices rise.

This seems like how any financial market works, yet the ECB ignores Bitcoin's design as a hedge against fiat inflation. Critics suggest the real issue might be trillions in fiat debt, not Bitcoin itself

😄 Is the ECB just upset they didn’t buy in back in 2009?
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The CEO of analytics company Nansen believes that 2025 will be the most powerful bull run in BTC history! 🚀

Meanwhile, the total open interest in BTC futures on major exchanges has surpassed a record $40 billion. 🙀
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📈 95% of Bitcoin Holders in Profit!

🔥 According to IntoTheBlock, a whopping 95% of BTC holders are currently in profit! Historically, this often leads to either a sharp rally or market exhaustion

Are you holding some Bitcoin?👇
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😎 The hacker who breached KyberSwap has resurfaced after 7 months of inactivity, transferring 2200 ETH ($5.83M) to Tornado Cash today

⚡️ On November 23, 2023, the hacker exploited the Kyber network, stealing $48.3M worth of crypto assets across multiple networks, including Arbitrum, Optimism, Ethereum, Polygon, and Base

So far, they have laundered 7200 ETH ($17.23M) through a mixer, with approximately 12,306 ETH ($32.2M) still spread across 16 addresses

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⚡️ Crypto prediction market favors Trump win

📊 Polymarket, a crypto betting and prediction market, places the odds of former US President Trump’s win in the election at 63.7% and Kamala Harris at 36.1%.

Until October 4, Trump’s odds were on a steady decline and Harris’s on the rise, but the narrative flipped thereafter in favor of the Republican candidate
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🔍 Arkham has tracked Tesla's Bitcoin stash to a new wallet!

Arkham analysts suggest that last week's fund movements were just a routine wallet rotation, and the BTC still belongs to Tesla.

🚗 Tesla moved 11,509 BTC ($776.9M) to seven new wallets. Each received test transactions, now holding between 1,100 and 1,900 BTC. Some speculate it could be preparation for a Bitcoin-backed loan 💼
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🟠 Binance Exec Released in Nigeria!

⚖️ Nigerian authorities have dropped charges against Tigran Gambaryan, Binance’s Head of Financial Crime Compliance, who had been detained since February on money laundering allegations. His release was due to health issues, though full acquittal was denied

☄️ The case, which caused tension between Binance and Nigeria, saw Gambaryan detained while a colleague escaped. Binance consistently advocated for his release, denying any wrongdoing
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🎁 OKX Exchange to Distribute up to 1.65 Billion X Tokens

✔️ Preparation:
1. Register via the link - OKX
2. Complete Level 1 verification
3. Click the registration button in the promo

✔️ Campaign 1 - Trade and Earn: Prize Pool up to 1.65 Billion X

1. Make a net deposit of at least 100 USDT
2. Trade X Empire pairs for at least 300 USDT (starting from October 24, 2024)
3. Link your X token airdrop to OKX via the Empire app in Telegram

📆 Registration ends in: 15 days, 7 hours, 40 minutes, and 47 seconds

✔️ Campaign 2 - Prize Pool of 180 Million X and 50,000 USDT

🟢 Earn 60,000 X by completing tasks:

1. Achieve a trading volume of 500 USDT in X/USDT pairs
2. Reach a trading volume of 5,000 USDT in X/USDT pairs
3. Reach a trading volume of 15,000 USDT in X/USDT pairs

🟢 Earn 40 USDT by completing tasks:

1. Make your first deposit
2. Complete your first trade
3. Reach a trading volume of 30,000-100,000 USDT on any trading pairs

📆 Promotion period: 09:00 UTC, October 24, 2024 — 08:59 UTC, November 24, 2024

🇩🇰 Denmark is considering introducing a 42% tax on unrealized gains from cryptocurrencies

🔜 In early 2025, Denmark's Tax Law Council will propose a bill to tax unrealized cryptocurrency gains based on the mark-to-market principle, requiring annual payments on revaluations even without asset sales. Crypto service providers will need to report client transactions. The Council acknowledged challenges due to the decentralized nature of crypto assets
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🔥 Weekly Infographic: Current Market Overview
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📈 Demand for U.S. spot Bitcoin ETFs has reached a 6-month high.

Over the past 30 days, the net inflow has totaled 64,962 BTC
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💃 Be one of the first to register! Soon will be second wave of early users

👾 BigPump (the new memepad from PocketFi) was unexpectedly launched for a small group of people for testing

JOIN CLOSE BETA 👉 @BigPump
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🔥 Hot Wallets: How Do They Work?

Hot wallets are crypto wallets that are constantly connected to the internet, making them convenient for fast transactions and frequent usage. They allow users to send and receive crypto easily, often providing access to a range of blockchains and decentralized applications (dApps). However, this constant internet connection makes hot wallets vulnerable to hacking and phishing.

✌ Hot wallets come in two main types: custodial and non-custodial. Each offers its own features and levels of control over your crypto assets. Let’s explore each. 😏

👛 Custodial vs. Non-Custodial Hot Wallets

🟢 Custodial Wallets:
With custodial wallets, a third party (e.g., exchanges like Bybit, Binance, Coinbase) manages your private keys. This setup is user-friendly, particularly for beginners, since there’s no need to worry about securing keys. However, you don’t have full control over assets, and if the exchange is hacked, as in the infamous Mt.Gox breach where over 850,000 $BTC were lost, you could lose your funds.

💎 An example of a custodial wallet is Telegram Wallet, which sparked a "boom" by integrating crypto transactions directly into the messenger, simplifying crypto management for a broad audience and allowing users to send and receive assets like $TON directly in Telegram ✉

🟢 Non-Custodial Wallets:
Non-custodial wallets let users control their own private keys, which increases security since only the user has access to their funds. However, losing the private keys means there’s no way to regain access.

🔝 Popular Non-Custodial Wallets:

1⃣ MetaMask — 30 million active users

➕ Pros:
⚫Ideal for dApps, DeFi, and NFTs on Ethereum and EVM-compatible networks.
⚫Easy to set up on both browsers and mobile.
⚫Full control over private keys.
Cons ➖:
⚫Only supports EVM-compatible networks.
⚫Susceptible to phishing, especially with browser integration.

2️⃣ Trust Wallet — 10 million active users

➕ Pros:
⚫Supports over 65 blockchains and thousands of tokens.
⚫Built-in staking and dApp browser.
⚫️User-friendly mobile interface.
➖ Cons:
⚫No desktop version, mobile-only.
⚫No two-factor authentication for added security.

3️⃣ Atomic Wallet — 5 million active users

➕ Pros:
⚫Supports over 500 cryptocurrencies and tokens.
⚫Built-in staking and asset exchange.
⚫Available on both mobile and desktop.
➖ Cons:
⚫No two-factor authentication.
⚫Constant internet connection increases vulnerability to online attacks.

4️⃣ Exodus — 2 million active users

➕ Pros:
⚫User-friendly, intuitive interface.
⚫Supports 100+ cryptocurrencies with built-in exchange.
⚫Integrates with hardware wallets (e.g., Trezor) for extra security.
➖ Cons:
⚫Lacks two-factor authentication.
⚫Built-in exchange fees may be higher than exchanges.

📌 Summary:

Hot wallets are great for frequent use and fast transactions but can be vulnerable to attacks. Choosing between custodial and non-custodial depends on your need for control and security: custodial wallets are beginner-friendly, while non-custodial wallets suit those who value full control over assets.

Which wallet do you use? I’m answering all your comments below! 👇
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