Crypto_GR
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Crypto_GR
Square VerifiedTrader | Binance Square creator | Investor | Streamer | In crypto since 2020
Creator Awards 2024
#BinanceTurns7 task 2
#BinanceTurns7
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🫂🤝 Many thanks to Binance for this gift. Another dream come true. I am very happy and grateful. Many thanks also to everyone who supports me daily.
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$1.04 Billion Powerball Jackpot Won in Illinois
A lucky player has won a massive $1.04 billion Powerball jackpot after buying the winning ticket at a regular gas station in Illinois.
The jackpot is the eighth-largest in Powerball history. The winner may also choose to remain anonymous, as Illinois law allows lottery winners to keep their identity private in certain cases.
The winner now has two options: receive a one-time payment of about $450.5 million, or take the full $1.04 billion through annual payments spread over 29 years.
A lucky player has won a massive $1.04 billion Powerball jackpot after buying the winning ticket at a regular gas station in Illinois.
The jackpot is the eighth-largest in Powerball history. The winner may also choose to remain anonymous, as Illinois law allows lottery winners to keep their identity private in certain cases.
The winner now has two options: receive a one-time payment of about $450.5 million, or take the full $1.04 billion through annual payments spread over 29 years.
Crypto Investor Loses Nearly $25 Million for the Second Time
A crypto investor has reportedly lost almost $25 million in digital assets after funds from two wallets were transferred to a new address on August 12.
The stolen assets included DAI, WBTC, aUSDC, LDO, sUSDe and ETH. Scam Sniffer believes the wallets may have been compromised after the private key was exposed.
Most of the assets were quickly converted into DAI and ETH within about an hour. Around $20 million in DAI and 3,000 ETH are still held in related wallets.
This is not the first major loss for the investor. In September 2023, the same user reportedly lost around $24 million in a phishing attack.
However, the case has raised some doubts. Some users on X suggested that the wallets could be connected to money laundering. Their theory is based on the fact that, after the 2023 incident, the attackers reportedly returned around 90% of the stolen funds to the owner.
The exact circumstances of the latest incident remain unclear.
A crypto investor has reportedly lost almost $25 million in digital assets after funds from two wallets were transferred to a new address on August 12.
The stolen assets included DAI, WBTC, aUSDC, LDO, sUSDe and ETH. Scam Sniffer believes the wallets may have been compromised after the private key was exposed.
Most of the assets were quickly converted into DAI and ETH within about an hour. Around $20 million in DAI and 3,000 ETH are still held in related wallets.
This is not the first major loss for the investor. In September 2023, the same user reportedly lost around $24 million in a phishing attack.
However, the case has raised some doubts. Some users on X suggested that the wallets could be connected to money laundering. Their theory is based on the fact that, after the 2023 incident, the attackers reportedly returned around 90% of the stolen funds to the owner.
The exact circumstances of the latest incident remain unclear.
Partly True
$ONE Token Drops More Than 50% After Harmony Hack
According to analysts, the attacker exploited a vulnerability in Harmony’s Layer-1 blockchain and illegally minted around 4 billion ONE tokens, equal to roughly 26% of the token’s total supply.
The project team is working to freeze the funds linked to the attack and fix the vulnerability. A network rollback is also being considered as a possible solution.
Following the attack, $ONE fell by more than 50%.
According to analysts, the attacker exploited a vulnerability in Harmony’s Layer-1 blockchain and illegally minted around 4 billion ONE tokens, equal to roughly 26% of the token’s total supply.
The project team is working to freeze the funds linked to the attack and fix the vulnerability. A network rollback is also being considered as a possible solution.
Following the attack, $ONE fell by more than 50%.
From $830 to $5.05M: 10-Year Ethereum Hold Pays Off
Back in 2015, an Ethereum presale investor bought 2,680 ETH for just around $830. The investor then left the coins untouched for more than a decade. Now, the wallet has become active for the first time, with the ETH being moved to new addresses.
The investment has grown by approximately 6,084x, with the holdings now worth around $5.05 million.
Back in 2015, an Ethereum presale investor bought 2,680 ETH for just around $830. The investor then left the coins untouched for more than a decade. Now, the wallet has become active for the first time, with the ETH being moved to new addresses.
The investment has grown by approximately 6,084x, with the holdings now worth around $5.05 million.
US Inflation (CPI) — 3.4%
The previous reading was 3.5%.
The previous reading was 3.5%.
Disputed
US National Debt Reaches $40 Trillion for the First Time
The United States government debt has crossed the $40 trillion mark for the first time in history, as government borrowing continues to rise.
To put this figure into perspective, $40 trillion in $100 bills would be enough to circle the Earth along the equator more than 1,500 times.
The debt has since moved slightly below the $40 trillion level, but the milestone highlights the massive scale of US government borrowing.
The United States government debt has crossed the $40 trillion mark for the first time in history, as government borrowing continues to rise.
To put this figure into perspective, $40 trillion in $100 bills would be enough to circle the Earth along the equator more than 1,500 times.
The debt has since moved slightly below the $40 trillion level, but the milestone highlights the massive scale of US government borrowing.
Bitcoin Could Face a Major Correction After Reaching a Local Top
Bitcoin may be approaching a short-term peak, according to analysts at CryptoQuant.
The key resistance zone is estimated between $66,300 and $69,000. In a more bullish scenario, BTC could briefly climb toward $70,000, but this level could also increase the risk of a new sell-off.
Several indicators are already showing signs of weakness:
• A bearish MACD divergence
• RSI moving closer to overbought territory
• Lower trading volumes despite a six-week rally
If the bearish scenario plays out, Bitcoin could fall toward $51,336, representing a potential decline of roughly 21–26% from the expected local top.
Bitcoin may be approaching a short-term peak, according to analysts at CryptoQuant.
The key resistance zone is estimated between $66,300 and $69,000. In a more bullish scenario, BTC could briefly climb toward $70,000, but this level could also increase the risk of a new sell-off.
Several indicators are already showing signs of weakness:
• A bearish MACD divergence
• RSI moving closer to overbought territory
• Lower trading volumes despite a six-week rally
If the bearish scenario plays out, Bitcoin could fall toward $51,336, representing a potential decline of roughly 21–26% from the expected local top.
Security Incident Triggers Large Bitcoin Wallet Transfers
A recent security issue affecting Coldcard hardware wallets led long-term Bitcoin holders to move approximately 210,000 $BTC to new wallet addresses.
The transfers were mainly made to improve security after the reported vulnerability, rather than to sell coins or take profits.
This represents the largest movement of Bitcoin held by long-term investors since December 2024, when Bitcoin first approached the $100,000 level.
A recent security issue affecting Coldcard hardware wallets led long-term Bitcoin holders to move approximately 210,000 $BTC to new wallet addresses.
The transfers were mainly made to improve security after the reported vulnerability, rather than to sell coins or take profits.
This represents the largest movement of Bitcoin held by long-term investors since December 2024, when Bitcoin first approached the $100,000 level.
Bitcoin Miners Reduce BTC Holdings as Industry Pressure Grows
Several major Bitcoin mining companies have recently moved part of their Bitcoin reserves, a sign that often raises expectations of potential sales.
According to on-chain data from Arkham, MARA transferred 200 BTC (around $12.9 million) and Riot Platforms moved 381.161 BTC (approximately $24.5 million) to NYDIG execution wallets, which are commonly used for trading and institutional transactions.
These transfers come shortly after weaker financial results:
MARA reported Q2 revenue of $174.9 million, down 27% year over year. The company also posted a net loss of $611.3 million, compared with a $808.2 million profit in the same period last year.
CleanSpark reported third-quarter revenue of $138 million, a 30.5% decline, while recording a net loss of $239.8 million.
MARA's Bitcoin treasury fell 29% to 35,577 BTC (worth about $2.1 billion), although it remains the fourth-largest publicly traded corporate Bitcoin holder.
Several major Bitcoin mining companies have recently moved part of their Bitcoin reserves, a sign that often raises expectations of potential sales.
According to on-chain data from Arkham, MARA transferred 200 BTC (around $12.9 million) and Riot Platforms moved 381.161 BTC (approximately $24.5 million) to NYDIG execution wallets, which are commonly used for trading and institutional transactions.
These transfers come shortly after weaker financial results:
MARA reported Q2 revenue of $174.9 million, down 27% year over year. The company also posted a net loss of $611.3 million, compared with a $808.2 million profit in the same period last year.
CleanSpark reported third-quarter revenue of $138 million, a 30.5% decline, while recording a net loss of $239.8 million.
MARA's Bitcoin treasury fell 29% to 35,577 BTC (worth about $2.1 billion), although it remains the fourth-largest publicly traded corporate Bitcoin holder.
CZ: "We might be in a bear market, but there is a lot of money looking for things to invest in."
Verified
Saylor: Changing Bitcoin’s rules could put its growth at risk
Michael Saylor, cofounder of Strategy, said that the biggest threat to Bitcoin does not come from external factors, but from changing the network’s consensus rules.
According to Saylor, making changes to the protocol could reduce Bitcoin’s security and affect its economic model.
He also noted that if Bitcoin’s base layer remains simple and without major changes, the asset could multiply its value by 100 and become the foundation of the global capital markets.
Michael Saylor, cofounder of Strategy, said that the biggest threat to Bitcoin does not come from external factors, but from changing the network’s consensus rules.
According to Saylor, making changes to the protocol could reduce Bitcoin’s security and affect its economic model.
He also noted that if Bitcoin’s base layer remains simple and without major changes, the asset could multiply its value by 100 and become the foundation of the global capital markets.
Is Michael Saylor thinking about buying ETH?
Michael Saylor posted a message that has sparked speculation in the community. He commented that he will need "another color" on his purchase chart, and some investors believe he may be hinting at a different asset than Bitcoin.
Michael Saylor posted a message that has sparked speculation in the community. He commented that he will need "another color" on his purchase chart, and some investors believe he may be hinting at a different asset than Bitcoin.
Verified
Strategy share buyback STRC to strengthen market confidence
As every Monday, Strategy published its weekly report. On this occasion, the company repurchased $25 million in STRC shares with the goal of bringing its price back closer to $100.
For Strategy, a $25 million operation is relatively small, so many believe this buyback could be part of a previously established plan. It may also lead the market to expect further STRC buybacks in the future, similar to what happened with the sales of 32 BTC.
However, everything depends on investor expectations. If the buybacks fail to keep the price above a level considered important, confidence could weaken and selling pressure could increase.
As every Monday, Strategy published its weekly report. On this occasion, the company repurchased $25 million in STRC shares with the goal of bringing its price back closer to $100.
For Strategy, a $25 million operation is relatively small, so many believe this buyback could be part of a previously established plan. It may also lead the market to expect further STRC buybacks in the future, similar to what happened with the sales of 32 BTC.
However, everything depends on investor expectations. If the buybacks fail to keep the price above a level considered important, confidence could weaken and selling pressure could increase.
Partly True
A trader made millions with the launch of $TRUMP
The launch of $TRUMP created one of the biggest opportunities for early buyers. Some traders who entered within the first seconds saw gains in the tens of millions of dollars.
On social media, it’s said that a well-known trader called Kimchi earned around $40 million by buying very early and selling near the peak. However, that figure has not been confirmed by official sources.
During the strong initial surge, the project’s fully diluted valuation reached close to $80 billion, driven by market enthusiasm.
The launch of $TRUMP created one of the biggest opportunities for early buyers. Some traders who entered within the first seconds saw gains in the tens of millions of dollars.
On social media, it’s said that a well-known trader called Kimchi earned around $40 million by buying very early and selling near the peak. However, that figure has not been confirmed by official sources.
During the strong initial surge, the project’s fully diluted valuation reached close to $80 billion, driven by market enthusiasm.
Partly True
A Bitcoin investor closes a position held for more than 12 years
A Bitcoin investor sold the last 1,000 BTC from a wallet that had stored 5,000 BTC since 2013.
The coins were purchased for approximately $1.6 million and were finally sold for about $434 million, achieving impressive returns after more than a decade.
A Bitcoin investor sold the last 1,000 BTC from a wallet that had stored 5,000 BTC since 2013.
The coins were purchased for approximately $1.6 million and were finally sold for about $434 million, achieving impressive returns after more than a decade.
Partly True
Tether will have until 2028 to adapt USDT to the new U.S. regulation.
According to several media outlets, Tether has until July 18, 2028 for USDT to meet the requirements set by the GENIUS Act in the United States.
The law requires stablecoin issuers to maintain 1:1 backed reserves, publish periodic information about those assets, undergo audits, comply with AML/KYC regulations, and obtain the corresponding authorization to operate.
Currently, Tether’s model does not fully comply with these rules, since the company is registered in El Salvador and some of its reserves include Bitcoin and precious metals.
According to several media outlets, Tether has until July 18, 2028 for USDT to meet the requirements set by the GENIUS Act in the United States.
The law requires stablecoin issuers to maintain 1:1 backed reserves, publish periodic information about those assets, undergo audits, comply with AML/KYC regulations, and obtain the corresponding authorization to operate.
Currently, Tether’s model does not fully comply with these rules, since the company is registered in El Salvador and some of its reserves include Bitcoin and precious metals.
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