$loom > $reef next 2x | 3rdeyeofcrypto on Binance Square

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My Binance feed is full of ‘Hamster Combat’ free airdrop posts. No offence, guys, but focus on the learning part. Don’t just wait for freebies learn how things like blockchain technology work, not this tap-tap stuff

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$BTC monthly close above 60k and 90k next

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MicroStrategy Raises $1.01B to Fuel Bitcoin Purchases and Debt Repayment MicroStrategy has successfully raised $1.01 billion through a convertible senior note offering, continuing its bold strategy of acquiring Bitcoin. Led by Michael Saylor, the company plans to use the proceeds primarily to purchase more Bitcoin and redeem $500 million in secured notes, freeing up 69,080 BTC held as collateral. This latest funding round, completed on September 19, 2024, offers investors notes with a 0.625% interest rate, maturing in 2028, with an option to convert into cash or MicroStrategy stock. As of September 2024, MicroStrategy holds 244,800 BTC, having purchased 18,300 BTC between August and September at an average price of $60,408 per coin. Saylor's aggressive Bitcoin acquisition strategy has yielded a 4.4% return for the quarter and 17% for the year, positioning the company as a major player in the cryptocurrency market. 4o

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BingX Loses $43M in Hot Wallet Hack, Promises Compensation to Users On September 20, 2024, hackers breached the hot wallet of BingX, a cryptocurrency exchange based in Singapore, and stole approximately $43 million in digital assets. Security firm PeckShield confirmed the amount, emphasizing the seriousness of the attack. In response, BingX's technical team quickly transferred assets to safer cold wallets and paused all withdrawals to prevent further losses. Despite the breach, BingX assured users that most of its assets remain secure in cold storage, with only a small portion affected. The exchange plans to compensate users impacted by the theft and expects to resume withdrawals within the next 24 hours. This incident underscores the ongoing security challenges facing crypto platforms, but BingX's swift action demonstrates its dedication to safeguarding user funds.

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