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๐Ÿš€Cryptocurrency markets are buzzing with excitement as Tether takes the spotlight once again! Recent data from Santiment reveals a significant surge in Tether's presence on exchanges, suggesting that investors may be gearing up for fresh buying opportunities.๐Ÿ“ˆ The amount of USDT on exchanges has recently increased from 17.6% to 24.7%, indicating growing interest from investors looking to enter or re-enter the crypto market.๐ŸŒ This comes as Bitcoin recently breached the $28,400 mark for the first time since mid-August, igniting optimism among investors who believe that "Uptober" has finally arrived.๐ŸŽ‰ With Bitcoin wallets holding 10-10K BTC accumulating billions of dollars in the past month, this could potentially drive prices even higher. So, keep your eyes on the prize and stay tuned for more exciting crypto news!๐Ÿ‘€๐Ÿ’ฐ

๐Ÿš€Cryptocurrency markets are buzzing with excitement as Tether takes the spotlight once again! Recent data from Santiment reveals a significant surge in Tether's presence on exchanges, suggesting that investors may be gearing up for fresh buying opportunities.๐Ÿ“ˆ

The amount of USDT on exchanges has recently increased from 17.6% to 24.7%, indicating growing interest from investors looking to enter or re-enter the crypto market.๐ŸŒ

This comes as Bitcoin recently breached the $28,400 mark for the first time since mid-August, igniting optimism among investors who believe that "Uptober" has finally arrived.๐ŸŽ‰

With Bitcoin wallets holding 10-10K BTC accumulating billions of dollars in the past month, this could potentially drive prices even higher. So, keep your eyes on the prize and stay tuned for more exciting crypto news!๐Ÿ‘€๐Ÿ’ฐ

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๐ŸšจCrypto news alert!๐Ÿšจ Sam Kazemian, founder of Frax Finance, has pointed the finger at an inside job for the recent hack of the project's official account. The breach occurred on June 1, leaving the decentralized stablecoin protocol FRAX USD in the lurch. ๐Ÿ˜ฑ In a Telegram post, Kazemian claimed that the Frax Finance team is "reasonably sure" they've identified the culprit, a "serial scammer" known to blockchain investigator ZachXBT. "This was an inside job," Kazemian stressed, adding that the breach was not due to any security flaws or phishing attacks. ๐Ÿ•ต๏ธโ€โ™‚๏ธ The drama unfolded when the Frax Finance account was compromised. Kazemian urgently reached out to his followers, seeking assistance to contact the platform's customer service. However, he claimed that the passwords were not tampered with and there were no internal security issues within Frax Finance that could have led to the breach. Instead, he pointed to potential social engineering and insider involvement. ๐Ÿ˜ฒ As of now, the account remains active but no new posts have been visible since the hack. Neither the platform nor its CEO, Elon Musk, has made any official comments addressing the breach. ๐Ÿค This incident is the latest in a series of hacks targeting crypto projects, allegedly attributed to insider actions. In late May, a crypto trader reported a similar compromise of his account, suggesting that the attackers took control of his account through bribery and used it to promote a pump-and-dump scheme. ๐Ÿ“‰ Stay tuned for more updates on this developing story! ๐Ÿ“ฐ๐Ÿ‘€
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๐Ÿš€๐Ÿš€Buckle up, Bitcoin enthusiasts! Social Capital CEO Chamath Palihapitiya predicts Bitcoin will hit a whopping $500,000 per coin by the end of 2025! ๐ŸŽ‰๐ŸŽ‰ This prediction outshines those of analysts at Standard Chartered and Bernstein, who see a more modest price appreciation due to the halving effect. ๐Ÿ“ˆ๐Ÿ“ˆPalihapitiya's forecast is based on Bitcoin's performance after previous halvings. For instance, Bitcoin's price multiplied 7.8x within 18 months after its third halving in May 2020. The halving, a feature in Bitcoin's software, cuts its supply inflation rate in half every 210,000 blocks, or roughly every four years, theoretically creating a supply shock that drives up Bitcoin's price. ๐Ÿ”ฎ๐Ÿ”ฎUsing this model, Palihapitiya projects Bitcoin reaching $497,977 by October 2025. If we consider the average price performance between Bitcoin's second and third halvings, the projected price skyrockets to $1.14 million! ๐Ÿ’ฐ๐Ÿ’ฐWhere will the demand come from, you ask? Palihapitiya points to an "increasing body of countries" that may adopt a dual currency standard, like El Salvador. He believes Bitcoin will "completely replace" gold and even begin to have transactional utility for hard assets if it truly reaches over $500,000 per coin. ๐Ÿฆ๐ŸฆThe significance of newly launched Bitcoin ETFs, which have "commercialized Bitcoin," is also acknowledged by Palihapitiya. Analysts at Standard Chartered, impressed by the powerful inflows this year, predict Bitcoin to reach $200,000 by the end of 2025. So, are you ready for the Bitcoin rollercoaster? ๐ŸŽข๐ŸŽข
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