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๐Ÿš€๐Ÿ“ˆ Hey BTC enthusiasts! Guess who's joined the crypto bandwagon? None other than Donald Trump! Despite his previous anti-crypto stance, he's now holding over $7 million in digital assets, with the meme coin MAGA (TRUMP) making up more than 65% of his portfolio. ๐ŸŽ‰๐ŸŽŠ But wait, there's more! Other celebs like Justin Bieber, Neymar Jr., Jimmy Fallon, and Kevin Hart are also dipping their toes in the crypto waters. Bieber's portfolio is worth over $560,000, with ETH making up about 10%. Neymar Jr. holds over $66,000 in digital assets, with ETH and ApeCoin (APE) making up about 85% of his portfolio. Fallon owns almost $140,000 worth of crypto, while Hart sits on approximately $50,000 in digital currencies. ๐ŸŒŸ๐Ÿ’ฐ Interestingly, some of these celebs have also dabbled in NFTs. Bieber made headlines in January 2022 when he purchased a digital collectible from the BAYC collection for 500 ETH (around $1.3 million at the time). However, his NFT is now worth roughly $45,000, representing a 96% loss (at least on paper). ๐ŸŽจ๐Ÿ–ผ๏ธ So, despite Trump's previous claims that BTC and other cryptos are based on "thin air," it seems he's changed his tune, even describing himself as the right choice for those in favor of the crypto industry. ๐Ÿ”„๐Ÿ’ฌ Stay tuned for more exciting crypto updates! ๐Ÿš€๐ŸŒ•

๐Ÿš€๐Ÿ“ˆ Hey BTC enthusiasts! Guess who's joined the crypto bandwagon? None other than Donald Trump! Despite his previous anti-crypto stance, he's now holding over $7 million in digital assets, with the meme coin MAGA (TRUMP) making up more than 65% of his portfolio. ๐ŸŽ‰๐ŸŽŠ

But wait, there's more! Other celebs like Justin Bieber, Neymar Jr., Jimmy Fallon, and Kevin Hart are also dipping their toes in the crypto waters. Bieber's portfolio is worth over $560,000, with ETH making up about 10%. Neymar Jr. holds over $66,000 in digital assets, with ETH and ApeCoin (APE) making up about 85% of his portfolio. Fallon owns almost $140,000 worth of crypto, while Hart sits on approximately $50,000 in digital currencies. ๐ŸŒŸ๐Ÿ’ฐ

Interestingly, some of these celebs have also dabbled in NFTs. Bieber made headlines in January 2022 when he purchased a digital collectible from the BAYC collection for 500 ETH (around $1.3 million at the time). However, his NFT is now worth roughly $45,000, representing a 96% loss (at least on paper). ๐ŸŽจ๐Ÿ–ผ๏ธ

So, despite Trump's previous claims that BTC and other cryptos are based on "thin air," it seems he's changed his tune, even describing himself as the right choice for those in favor of the crypto industry. ๐Ÿ”„๐Ÿ’ฌ Stay tuned for more exciting crypto updates! ๐Ÿš€๐ŸŒ•

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๐Ÿš€Buckle up, BTC enthusiasts! Matter Labs, the brains behind ZkSync Ethereum Layer 2 network, has dropped its bid to trademark the term "ZK"! ๐ŸŽ‰ In a twist of events on June 3rd, Matter Labs revealed that it's dropping the trademark attempt due to the impossibility of finding a group of people perceived as "credibly neutral" by everyone. Previously, Matter Labs had filed to trademark "ZK" (short for zero-knowledge) in nine countries, sparking a dispute with Polyhedra Network over the use of ZK as a ticker symbol. Polyhedra Network accused Matter Labs of bullying and undermining Web3 principles. As the backlash grew, Matter Labs backed down, stating that what works within the Ethereum ecosystem might not work globally, given the diversity of perspectives and stakeholders. "We're proud to be a part of a movement that cares so deeply about cypherpunk values," they said, expressing gratitude to the zksync community for their support. However, key figures from ZK projects, including Shafi Goldwasser and Silvio Micali, co-inventors of ZK proofs, and Sandeep Nailwal and Brendan Farmer, co-founders of Polygon, strongly opposed the move. They argued that "ZK" should remain accessible to all parties and warned that pursuing the trademark could alienate Matter Labs from its community. StarkWare, a ZK-proof technology developer, called the behavior "oppressive," and ConsenSys-backed Layer 2 scaling solution Linea also condemned Matter Labs. So, it's a victory for the crypto community as Matter Labs abandons the 'ZK' trademark following community outcry! ๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰
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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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