KEN_ETH

Coinbase announced it had purchased an additional 643 Bitcoin in Q3, bringing the total amount #Bitcoin held by the company to 17,954 BTC
#TinFed

Initial Agent Offering is live. Claiming my 11,250 $IAO with my Proof of Agent. #IAO https://ptah.trade/iao Agent #9723

The #Binance ce hack, involving a total value of up to USD 6.3 billion, is considered the largest hack in human history in terms of the value of assets stolen, not just in the #crypto market.

According to Binance’s estimate, the losses from the hack are estimated at $6.3 billion USD.

According to preliminary investigation findings, the hacker may have compromised the laptop of a DevOps engineer at Binance, gaining access to the internal system and carrying out unauthorized withdrawals.

Binance said it has found no evidence that the wallet’s private key was stolen. Instead, the hacker exploited the EIP-7702 mechanism on Ethereum to transfer control of the hot wallet to a malicious smart contract, then moved the assets out.

The total value of affected assets is estimated at around $6.3 billion USD, of which approximately $3 billion has been frozen.

Binance has pledged to use fund #SAFU and company funds to fully compensate for the losses, while temporarily suspending deposits and withdrawals to conduct security checks.

The investigation is ongoing, and Binance will release a detailed technical report once all the information has been fully verified.

#BinancePick

The situation is that there’s currently no notable news about crypto, except that Alphabet (Google) shares fell sharply by 10%, dragging down the crypto market after the company released its third-quarter financial results.

Both revenue and profit came in below Wall Street expectations, and the company reported negative free cash flow of 9.07 billion #USD.

Alphabet maintained its capital expenditure plans of over 200 billion USD this year and expects spending to exceed 300 billion USD by 2027.
#BinancePick

FED PRESS CONFERENCE LIVE

Starting in 2027, the Fed will change how it conducts its meetings. Of the 8 annual meetings, 1 will focus on long-term strategy instead of voting on interest rates.

By 2028, Fed Chair Kevin Warsh is expected to reduce the number of interest rate decision meetings to 6 per year, down from the current 8.

Voices claiming that Bitcoin will go to zero are starting to crop up more and more... Like clockwork...

This time, they claim Bitcoin will really go to zero because the argument that Bitcoin is backed by "electricity" no longer holds up. In their view, AI is what truly creates value from electricity, not Bitcoin.

But these are the same voices that claimed Bitcoin would go to zero or never hit a new high back in 2022, when BTC fell to $16K, and in 2018, when BTC was down to just $3K...

It’s true that AI has proven its ability to create value for more people and industries, while Bitcoin has mainly brought value to certain groups and sectors, such as Wall Street.

But don’t confuse AI being more widely adopted with Bitcoin going to zero. Those are two completely different things.

AI and Bitcoin can absolutely coexist, continue to be adopted more widely, and increase in value over time. Don’t forget that many major companies, including those in tech and AI like Tesla and SpaceX, also hold $BTC TC.

Also, let’s not forget the lesson of the dot-com bubble in the late 1990s.

Those who believed the internet was the future were right. But that doesn’t mean all the internet companies they invested in at the time succeeded.

Many dot-com companies went bankrupt. According to figures from the Sunday Times Rich List, of the 63 dot-com millionaires in the UK in 2000, only 26 still had assets worth more than 1 million in 2001. That means nearly 60% were no longer millionaires within just one year.

Tom Lee’s Bitmine continued buying an additional 10,452 $ETH H (~$24 million), bringing its total holdings to 6.05 million ETH (~$14.3 billion), equivalent to 4.95% of Ethereum’s total supply.

The company has now achieved 99% of its goal of holding 5% of the total ETH supply and expects to stop buying once it reaches that target.

Bitmine is shifting its focus to buying back its own shares. Over the past week, the company repurchased 2.04 million shares at an average price of $22.48, bringing its total share buybacks since the start of the year to nearly $400 million.

Tom Lee said the company would continue buying back shares when it believes the price is below their intrinsic value.

Bitcoin has finally become digital gold, folks.

Both are down ~8%+ this year, making them the two major assets with the worst year-to-date performance...
$BTC

Brazil’s financial markets were rocked after President Lula da Silva unexpectedly won re-election.

#Brazilian stock ETF (EWZ) at one point plunged about 26%, the real lost around 10% of its value against the US dollar, and the domestic Ibovespa stock index fell about 10% at the opening. Trading was even temporarily suspended for 30 minutes due to extreme volatility.

Before the election, many investors had bet on a victory for Flávio Bolsonaro, hoping the new government would tighten spending and adopt more business-friendly policies.

But the result went against expectations, prompting investors to sell off both stocks and the real amid concerns about Brazil’s fiscal policy and public debt.

Bitcoin just surged into the $83,000–$83,500 range, its highest level this week.

ETH is also strongly in the green, hovering around $2,450+. The whole market is up, and the Fear & Greed Index has risen to 63 (Greed).

Today's hottest news: SpaceX and Tesla are forming a special committee to discuss a merger. If successful, the two companies would combine more than 30,000 BTC (~$2.5 billion) into a single treasury.

Elon is getting even more deeply involved with Bitcoin.

Do you think this news could push BTC higher, or is it just a short-lived hype spike?

Share your thoughts in the comments below 👇
$BTC
#ETH #ElonMusk #SpaceX #Tesla #CryptoNews

The Layer 2 race is heating up:

ARB is pushing USDG + offering 2 million ARB in rewards to teams building on it.

OP is about to welcome Uniswap’s Unichain into its ecosystem (mainnet expected on 29/10).

Who has the edge in your eyes right now?

Comment “ARB” or “OP” + a short reason 👇
#ARB #OP #ETH

*BTC is dropping below the level of ~89,000–90,000 USD after several recent sell-off sessions. The price has at times broken below around 88,000 USD.
*This is a very important area in terms of psychological support levels.
* This indicates that the bears are controlling the short-term market as selling pressure remains high.
*Do you think BTC will hold the 88k level or continue to drop? Comment UP/DOWN 👇
#BTC

The crypto lesson I wish I knew earlier
Crypto doesn't make you rich quickly, but it can make you lose money very fast if you lack discipline.

✔️ Capital management
✔️ Patience
✔️ No FOMO

What is the most valuable lesson you learned?

Share below 👇
#BTC #ETH

#CryptoExperience #BinanceSquare

Spot hay Futures – Which one should beginners choose?

🔹 Spot

✅ Low risk

✅ No account liquidation

❌ Slow profit

🔹 Futures

✅ Fast profit

❌ High risk

❌ Can be liquidated if lacking discipline

👉 If you are new to crypto: Spot is always a safer choice.

Are you trading Spot or Futures? 👇

#Spot #Futures #CryptoBeginner