An unknown trader turned approximately $8.5 into nearly $10,000 on the BELIEF token through staking in 24 hours.
He bought the asset for 0.1 SOL, staked it, and earned about 25 SOL ($2,160) and 2.9 million BELIEF ($7,700) as rewards, growing the deposit by 1,169 times.
➡Whale made $60 million profit on the current growth
A whale associated with Matrixport closed all his longs on BTC for $112 million and ETH for $286 million, earning a net profit of $60 million.
At the same time, another part of the whales continues to accumulate BTC on spot. For example, today 1600 BTC ($120 million) was withdrawn to three fresh whale wallets from Binance and BitGo.
🥹 Bithumb Seeks to Freeze Accounts Over $43 Billion BTC Error
In February, South Korean exchange Bithumb mistakenly credited users with about 620,000 BTC (approximately $43 billion) due to a promo error that listed BTC instead of KRW.
Most users returned the funds, but some have refused. Bithumb has filed a lawsuit to freeze accounts of those who have not returned the BTC.
Currently, 7 BTC (around $496,000) are frozen under this request.
Market Bottom Signals Indicated by Long-Term Holder Capitulation
“While it may be premature to identify the current market as the absolute bottom, a phase in which losses become widespread would likely represent the final stage of fear and the beginning of opportunity.” – Read More
Google published a study showing that breaking current cryptography may happen earlier than everyone expected.
To break the very cryptography (ECDSA) that Bitcoin relies on, about 500k qubits may be enough (in a few minutes). This is 20 times less than experts previously thought.
Especially alarming is that Google did not disclose the details of the solution and instead used ZK-proof. For such a company this is quite atypical and looks like a signal: “guys, this is serious”.
The timeline for transitioning to post-quantum cryptography (PQC) is also shifting — around 2029, by which it is better to be prepared.