š„ Lazarus's Crime Trail in the Crypto World! š„
š„Ronin Network Hack (2022) - $625 Million Gone! Lazarus rocked the crypto world with the biggest hack in history! They broke into Axie Infinity's Ronin blockchain bridge and drained $625 million in ETH and USDC. The attack exposed how vulnerable the DeFi ecosystem is to high-profile hacks.
š„ Horizon Bridge Hack (2022) - $100 Million Swept Away! Harmony Protocol is the next victim! Lazarus managed to exploit a security hole in the Horizon Bridge and made off with $100 million in various crypto assets. Forensic investigations show their typical pattern of laundering stolen funds.
š„Atomic Wallet Breach (2023) - Hundreds of Millions of Dollars Gone! Atomic Wallet users are shocked by the mysterious disappearance of funds! Lazarus is back at it again, draining over $100 million from users' wallets worldwide. Using sophisticated techniques, they cover their tracks and convert stolen funds through mixers to avoid detection.
š„ Stake.com Hack (2023) - $41 Million Gone in Minutes! Crypto gambling platform Stake.com was not spared. Lazarus hacked into the system and siphoned off $41 million in various cryptocurrencies. This hack shows that even big platforms can fall victim to them.
šµļøāāļø Who's Next? Lazarus is relentless in hunting for security holes in the crypto world. Is your favorite platform next in line to be targeted? It's time to beef up your asset security before it's too late! šØ
SEC approves Nasdaq, CoinShares XRP ETF applicationsThe U.S. Securities and Exchange Commission (SEC) has approved Nasdaqās application for a CoinShares XRP ETF and opened a 21-day public comment period. The application follows a Form 19b-4 filed by Nasdaq to propose rule changes related to the listing of CoinShares XRP and Litecoin ETFs. While this acceptance does not guarantee approval, it does indicate a possible change in the SECās stance on crypto investment products. Additionally, companies such as 21Shares, Grayscale, and Bitwise have also filed applications for spot XRP ETFs. The SEC previously rejected Solana's ETF application and is expected to remain cautious about new crypto ETFs, especially given the ongoing legal dispute with Ripple Labs Source @OriNeko
š„ FIRST CZ POST AFTER 4 MONTHS: CZ has returned to X in true crypto fashion posting āgmā as his very first post. $BNB $EDU #Menuju7TahunBinance #Binance
Binance founder Changpeng Zhao (CZ) is set for early release, two days ahead of schedule.
While CZ has stepped back from daily operations, he remains the majority shareholder.
The news has already boosted BNBās price by 2%, with analysts predicting a potential 20% surge, possibly driving the price to $722 following CZās release.
1. Fed Interest Rate Cut: The Fed cut interest rates by 50 basis points, signaling the start of a monetary easing cycle. This move is aimed at supporting economic growth and the labor market, but it raises concerns about potential inflation resurgence in the bond market.
2. US GDP Growth: The US economy grew by 3% annually in the second quarter of 2024, driven by strong consumer spending and private investment. However, inflationary challenges remain, and the Fed must balance between supporting growth and controlling inflationary pressures.
Impact on Bitcoin Price Predictions: With Bitcoinās breakout at the $65,000 level, the Fedās monetary easing policies could push risky assets like Bitcoin higher.
Several factors support the potential rise in Bitcoin prices going forward:
1. Monetary Easing: The Fedās looser monetary policy creates additional liquidity in the market, which often leads to higher prices for risky assets, including cryptocurrencies like Bitcoin. Investors might turn to Bitcoin as a hedge against potential inflation from such easing.
2. Inflation and Digital Gold: With ongoing inflation concerns, Bitcoin may increasingly be seen as ādigital goldā by investors seeking to preserve the value of their assets. If inflation continues to rise, demand for Bitcoin as an alternative asset could grow, pushing prices higher.
3. Market Trends: If market sentiment remains positive, Bitcoin could continue to break through the next resistance levels. With the stock market showing strong performance and ample liquidity due to the Fed's easing policies, Bitcoin has the potential to reach even higher price levels.
Overall, the breakout at $65,000 paves the way for further potential increases, especially if the Fedās easing policies continue and investors view Bitcoin as a hedge against inflation and economic uncertainty.
šŖ #XRP/USDT is testing the top of symmetrical triangle on weekly timeframš” Full send if we manage to break upwardsāļø #xrp #TipsTradingFutures $XRP
Gensler Calls Bitcoin a Security in Recent Appearance For the crypto sector in the United States, regulation has been an ongoing issue. The industry has struggled, specifically under the current SEC regime. Often leaning on enforcement for regulatory standards, the agency has continually ruled over the emerging market with an iron fist.
That stance took an interesting turn Thursday. Speaking to CNBC, SEC Chair Gary Gensler said that Bitcoin was a security. Indeed, the statement comes after the agency approved Spot Bitcoin ETFs earlier this year. Those products became the first crypto-based exchange-traded funds in the countryās history.
Source: Bloomberg Also Read: SEC Says Crypto Mining Devices are Securities
Yet, Gensler has doubled down on his stance regarding the asset class. During the interview, when pressed about unclear regulations, Gensler insists that clarity exists. He told the program, āNot liking the rules is not the same as [denying] that there are rules.ā Moreover, he notes that too many entities are profiting without the proper disclosuresā and taking advantage of the public interest.
Gensler said the agency has ā90 years of experience with this,ā saying the agencyās stance āworks pretty well.ā When asked if he was lightening up to the crypto, he noted that it wouldnāt last unless there was necessary investor protection. Finally, Gensler assured that he and his predecessor classified the leading crypto as a security. #Bitcoin #bitcoināļø $BTC