Losing money can be painful and difficult to bear, but you n | X mucaN on Binance Square

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Losing money can be painful and difficult to bear, but you need to understand that it is part of the process and also part of the price to pay 🎉

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Three suspects were arrested in Hong Kong after allegedly defrauding a man out of HK$1 million in a Tether (USDT) cryptocurrency scam. The 46-year-old victim had arranged a Tether trade with the suspects, who claimed to have transferred the cryptocurrency but disappeared with the cash. The police apprehended the suspects, and they are now under investigation for obtaining property by deception, a crime that carries a maximum sentence of 10 years in prison.

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US spot Bitcoin ETFs recently hit a record value of $66 billion, fueled by a six-day streak of inflows that saw over $2 billion flow into these funds. Leading the charge were ETFs from financial giants like BlackRock, Fidelity, ARK21Shares, and Bitwise. BlackRock’s iShares Bitcoin Trust (IBIT) alone pulled in $291 million on October 15, marking a significant portion of the inflows

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The recent excitement about quantum computing potentially cracking encryption keys raised concerns after researchers in Shanghai demonstrated an attack on a 22-bit key using quantum technology. However, this breakthrough doesn't pose an immediate threat to cryptocurrencies, as current crypto systems use much longer keys (2048-4096-bit encryption), which quantum computers can't yet crack. Plus, these quantum systems are still not efficient—they run at extremely low temperatures and spend more time fixing their own issues than breaking codes

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The European Central Bank (ECB) is increasingly concerned about Bitcoin whales, those early adopters who hold massive amounts of #BTC They argue that these whales are exploiting newer investors by influencing price fluctuations in a way that benefits themselves but harms the broader market. The ECB is pushing for stronger regulation and possibly even a ban on Bitcoin, as they believe these large holders can manipulate the market, creating risks for new participants. #Bitcoin

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A few hours ago, we bought some $SOL and transferred into our phantom wallet, we wanted to search for some 100x - 5,000x After getting our $SOL , we started researching and we found one meme coin Checked their Telegram and we found some encouraging signs Checked their twitter and we found some encouraging tweets and active community We bought the first meme coin at $71,000 market cap and we saw it get to $113,000 market cap We bought a few others too and decided to hold for the next 24 - 48 hours After about 3-5 hours, we came back to our phantom wallet looking empty All the meme coins we bought rugged Our money is gone, now this is one disadvantage of trading meme coins You can lose everything you have in seconds Before going into meme coins, make sure you have built a strong portfolio Don’t try trading meme coins with the last money you have #MemeCoinTrending #xmucan

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