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Professor Mende - Bonuz Ecosystem Founder
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Professor Mende - Bonuz Ecosystem Founder
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🚀 Bitcoin Eyes $300M Liquidity as US Jobs Data Boosts Confidence! Bitcoin has jumped up by 2%, responding sharply to surprising US employment numbers for September, which blew past expectations with 254,000 new jobs compared to the predicted 147,000. As the S&P 500 and Nasdaq also surged, risk appetite is strong across markets—and Bitcoin bulls are loving it. BTC price is zeroing in on a significant liquidity cluster, with $300 million in sell orders sitting just above $62K. The Fed's next rate cut, widely expected to be 25 basis points, is also fueling optimism, as the odds shot up to 93% after this jobs report. What’s Next? Traders like Daan Crypto Trades are watching to see if Bitcoin will push even higher, eyeing those juicy sell orders at $62.5K. Meanwhile, Rekt Capital sees this as a perfect retest of support, suggesting that we could be on the verge of more bullish continuation. Will BTC make a play for that liquidity, or are we in for some resistance? Eyes on the prize! Follow @Professor Mende - Bonuz Ecosystem Founder for more price updates! #BTC #CryptoMarkets #BitcoinNews #FedWatch #BullRun $BTC
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🚨 Will Bitcoin PUMP By The End Of October? - October 2023: Bitcoin dropped 7.5% in the first week, then rocketed up 33% by the end of the month. - October 2024: BTC has dropped 6.5% in just the first 3 days. Could it follow the same pattern? Here’s the twist: The "Up-tober" hype might be getting a little shaky... and that could be exactly what Bitcoin needs. My Take: Expect a little more pain before the gain. Once the bears start celebrating and calling for $40K or $45K, BTC could catch them off guard with a serious pump. Buckle up, it could get wild! #BTCUptober #btc #Priceanalysis #CryptoMarketNews #Crypto $BTC
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🚨 Every Meme Coin is a Rug Pull in the Works — Mark Cuban Billionaire investor Mark Cuban has slammed meme coins, calling them “drawn-out rug pulls” with no real-world utility. On the Rug Radio podcast, Cuban equated meme trading to roulette, emphasizing that these tokens thrive on hype, not fundamentals: "It's like musical chairs," Cuban said, noting that meme coins rely solely on attracting more buyers to increase value, eventually collapsing when there are no more "greater fools" to sell to. Cuban argued that meme coins are supported by the Greater Fool Theory—the idea that people buy overvalued assets expecting to sell them for a profit to someone else who thinks they can do the same. For him, meme coins are about gambling, not investing. "Nobody is so stupid as to think this is a great investment," he added, admitting he's occasionally tempted to trade meme coins but always refrains. Despite Cuban’s critique, 2024 has seen explosive growth in meme coin markets. Over 381,000 new meme coins were created on the Solana network in just the past month. Many of these tokens lose over 99% of their value within days, showcasing the pump-and-dump culture Cuban warns about. Even so, some meme coins, like Pepe (PEPE) and Dogwifhat (WIF), have managed to gain traction. Pepe surged 30% in late September, though these gains quickly evaporated in October, reflecting the volatile and speculative nature of the market. Takeaway: While meme coins can offer short-term thrills, Cuban’s warning highlights the risks: they're often a gamble, not a solid investment. If you're trading, just know the game might end sooner than you think. Follow @Professor Mende - Bonuz Ecosystem Founder for more content! #markcuban #memecoins #memecoin #pepe #shib $PEPE $SHIB $FLOKI
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💥 Man Turns $88K Into $415M on Tesla—Sues After Losing It! Christopher DeVocht’s jaw-dropping investment story is now the center of a major lawsuit. After turning $88,000 into a $415 million fortune through Tesla options, DeVocht claims he lost it all when Tesla's stock plummeted in 2022. Now, he’s suing RBC Dominion Securities and Grant Thornton LLP, alleging that their poor financial advice left him vulnerable to total wipeout. What Went Wrong? DeVocht’s portfolio peaked in November 2021 but quickly unraveled in 2022 as Tesla’s share price crashed. His margin account, set up by RBC, forced him to sell off Tesla shares to repay massive loans, accelerating his losses. DeVocht accuses his advisers of failing to recommend risk mitigation strategies that could have preserved a large chunk of his fortune. DeVocht is blaming RBC and tax advisers from Grant Thornton LLP for giving inadequate advice. He claims the advice failed to protect his wealth from the market crash, causing him to lose his entire portfolio. Now, DeVocht is seeking damages, legal fees, and interest in a lawsuit filed in the Supreme Court of British Columbia. Though DeVocht’s case revolves around Tesla stock, the extreme losses and high-risk strategies echo what many traders face in crypto markets, reminding everyone how volatile and unforgiving the investment world can be. Do you think the lawsuit is justified, or should Chris be liable for his actions despite lousy advice? Drop a comment! #Tesla #BTCUptober #WeAreAllSatoshi #CryptoNews #CryptoMarketNews
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🚨 Crypto Hacks Steal $460M in Q3 2024 Hackers made off with $460 million from 28 exploits in Q3 2024, marking one of the smallest losses in three years. Yet, with only 5% of funds recovered, the quarter saw the lowest recovery rate since 2021, according to Hacken’s cybersecurity report. Biggest Threat: Access Control Exploits Access control hacks were the most damaging, accounting for nearly 70% of all losses ($316 million). Attackers took over smart contract keys to manipulate funds and upgrade proxy contracts, leading to devastating withdrawals. Vulnerabilities in smart contracts, like reentrancy attacks, also caused major losses, draining liquidity pools in a single transaction. The biggest hit? WazirX, an Indian exchange, lost over $230 million when its Ethereum multisig wallet was compromised. This exploit sparked inside job suspicions, as no security breaches were found despite an independent audit. Although cross-chain bridges and yield aggregators were targeted less frequently, they still endured major losses. However, a white-hat MEV bot managed to recover funds from a Ronin Bridge exploit before the hacker completed the attack. Could These Hacks Have Been Prevented? Hacken estimates 28.7% of losses in DeFi could’ve been avoided with automated incident response systems. The Automated Incident Response Strategy can pause contracts and freeze funds upon suspicious activity, potentially mitigating the aftermath of large-scale attacks. Examples like the Nexera exploit, where a scammer drained $1.5 million, show that such preventive systems could’ve saved millions. As the crypto space evolves, so must its security infrastructure. What's your opinion on the potential solution with freezing funds during suspicious activity? Smart move? Drop your opinion below and follow @mende for more! #scamalert #scam #CryptomarketNews #bitcoin #btc $BTC
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