🔻Store your coins on centralized platforms and they will go bankrupt
🔻Store your coins on decentralized platforms and they will get hacked
🔻Store your coins in cold wallets and they will be compromised
🔻Store your coins in hot wallets and they will be hacked
So what is the ideal storage solution?
Personally, I think distributing coins across multiple cold wallets reduces the chance of losing everything
Z crypto - زي كريبتو
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🚨 The farce and the current breach of the cold hardware wallet governor—and what happened, briefly?🚨
More than 1000 $BTC worth $63M$ million was stolen from hundreds of Coldcard Mk3 wallets in a period of about 25 minutes, and the victims are estimated to be more than 500 wallets, yet the attacker did not need to compromise any device 😐
The reason?
A software vulnerability dating back to 2021 made the recovery phrase (Seed Phrase) depend on the device runtime and the user's button-press speed rather than true randomness that nobody noticed. This is what made guessing the recovery phrases extremely easy.
The attacker discovered the vulnerability early, guessed the private keys in advance, then waited until the wallets filled up with Bitcoin—and after that, withdrew everything 🔻
Ledger / Trezor wallets... are not affected by this and are safe currently.
He announces that his company bought Bitcoin, then it drops 🔴
Second time he announces that his company sold Bitcoin, then it rises 🟢
Microstrategy company announced today that it sold 1638 $BTC which is worth 105M$ million dollars approximately
What’s funny is that he explained to people that it’s actually an option/contract, meaning it’s not selling the Bitcoin he owns, but rather a contract related to Microstrategy’s Bitcoin. Hahaha
🚨 The farce and the current breach of the cold hardware wallet governor—and what happened, briefly?🚨
More than 1000 $BTC worth $63M$ million was stolen from hundreds of Coldcard Mk3 wallets in a period of about 25 minutes, and the victims are estimated to be more than 500 wallets, yet the attacker did not need to compromise any device 😐
The reason?
A software vulnerability dating back to 2021 made the recovery phrase (Seed Phrase) depend on the device runtime and the user's button-press speed rather than true randomness that nobody noticed. This is what made guessing the recovery phrases extremely easy.
The attacker discovered the vulnerability early, guessed the private keys in advance, then waited until the wallets filled up with Bitcoin—and after that, withdrew everything 🔻
Ledger / Trezor wallets... are not affected by this and are safe currently.
🚨 Less than two hours remaining until the Federal announcement on interest rates ⌛
The expectation is that it will be kept unchanged, and the market is waiting for Kevin Warsh’s speech after the announcement.
Current interest rate: 3.75%
Expected: 3.75%
Previous: 3.75%
Normal to see strong fluctuations—so it’s always advised not to enter with large positions and to wait until the announcement and the Federal speech are over 👌
🚨 Attention to those interested in the Space X stock 🚨
$SPCX
The stock reaches 124$ , which is its lowest level since its launch
It dropped 11% from the IPO price
And it has fallen by about 50% from its peak of 239$
Because investors took profits and fear that the newly released shares, which are locked and amount to 911 million shares, will be unlocked one day after the earnings announcement
The earnings announcement date is expected to be 5 August
The early investors who held onto the stock were crushed and wiped out all their profits. Now I see the stock is suitable for a small accumulation, using only a small portion of capital, due to the company’s earnings announcement next month in August
🚨 A terrifying fact and you need to be aware of it 🚨
There are between 160 and 300 blockchain networks and active projects
The value of funds locked is approximately 75B$ billion dollars in the decentralized finance sector
The problem is that among all these projects, only 10 of them control more than 90% of the locked funds in the sector, and the rest projects get only crumbs—meaning we can say they’re ghost projects, and their liquidity is dead
This is the issue: in the coming years, we’ll see many projects go bankrupt and be abandoned because there are too many projects and they all end up solving the same problem with nothing new, and the liquidity the founders are hoping for is controlled by only 10 projects
Meme coins on the Robinhood network that are getting all the hype right now 🤡
• Don’t listen to the pages that claim someone made about 200$ dollars to 3M$ million dollars
• I’m telling you it’s impossible, because this opportunity is either for the coin’s owner, or those close to them, or the market maker and those close to them
• As an ordinary person, you don’t have experience with meme coins, so if you buy any coin, make sure you reach this profit no matter what happens
• This is the truth, and some people find it hard to accept. I’m not being negative or against making profit—this is the truth about meme coins 💯
Stock $SPCXB drops from $225 to $162 at the current price 🔻
Approximate correction of 28% after a strong uptrend following the IPO
From my point of view, the valuation is still very high compared to earnings, and the company is still recording net losses while it continues to incur huge spending on its projects as well. The stock is new after listing, and usually stocks after IPOs go through a period of sharp fluctuations.
From my point of view, I see the price $130 - $120 as a good starting point to buy.
In summary, my long-term outlook on the stock is very optimistic, but currently I am not waiting for the price mentioned above 👆
Rise in Dominance: It doesn’t matter and it isn’t scary
Platform Collapse: It doesn’t matter and it isn’t scary
Selling Funds: It doesn’t matter and it isn’t scary
And this is not the end of the market
But what scares me, in my humble opinion, is the collapse or disaster of the $USDT coin that the whole market depends on
Bitcoin goes down and up, and this always happens—only the USDT if it breaks its link with the dollar, even by a small percentage, we might see a very strong market collapse
In 2022, USDT fell from 1$ to 0.95$ . Bitcoin saw a violent drop from 30,000$ to 25,000$ after USDT proved its strength and handled all the pressure; then Bitcoin returned to 30,000$
The scenario of USDT collapsing is hard for me to see happening again, and it would lose its dollar peg. Now it has become stronger than it ever was
🚨 The largest transfer in crypto history happened yesterday, and not many noticed it! 🚨
A whopping $4.4B USDC was transferred from Circle to the Coinbase Hyperliquid deployer.
This is the biggest transfer ever recorded.
Why is this transfer crucial for the Hyperliquid project?
Previously, Coinbase announced a partnership with Hyperliquid, and now they have become the official liquidity provider for coin $USDC . This move has significantly boosted liquidity and will likely impact the price of coin $HYPE .
The stock is priced at $135 with a massive market cap of $1.76 trillion 😯
This IPO has almost made Elon Musk the first trillionaire in history with a net worth of around $982 billion 💰
The impact of the IPO is somewhat evident on crypto and liquidity is tightening
The Anthropic IPO is coming up and most platforms are leaning towards tokenizing these offerings to keep user engagement and liquidity high. It's a move I honestly see as a good step 👌
In my last post, I talked about the task market announced by Pump Fun, and one task has been completed.
It's about getting a tattoo of a coin called Boutywork on the forehead.
An Indian dude did it.
The task owner mentioned that the ad had a typo; the coin's name was supposed to be Bountywork, and the payment to the guy got blocked.
But the Solana community launched a coin featuring the guy who got the tattoo, and within hours, it skyrocketed, raking in $15,000$ in trading fees for it.
The task value was 40 Solana, which at the current price equals 2600$ , but the luck was on their side, and they gathered $15,000$ 😅
Things are starting to spiral out of control, and a lot of people are going to be encouraged to take on even crazier tasks than this one; hope we’re ready for it 😐