Here I share with you three shocking stories of traders who lost large amounts of money in the world of trading:

1. Jérôme Kerviel – Loss of $6.9 billion (SocGen)

Jérôme Kerviel is one of the most infamous traders in history. Working for Société Générale (SocGen), Kerviel made unauthorized trades in the futures market, building up positions that eventually collapsed. Between 2007 and 2008, his losses amounted to $6.9 billion, leading to a major financial scandal. Although the firm found him guilty, Kerviel always claimed that his superiors knew about his trades.

In recent years, pyramid schemes using USDT (Tether) have increased significantly, especially on investment platforms that promise high guaranteed returns in a short period of time. Scammers use the stability of USDT, a stablecoin linked to the dollar, to lure unsuspecting investors into fraudulent schemes.

How Do These Scams Work?

USDT financial pyramids typically operate on the promise of quick profits in exchange for an initial cryptocurrency investment. Early investors receive returns, which increases the credibility of the scheme, but these payments come from the funds of new investors. Eventually, when there are no longer enough new participants, the pyramid collapses, leaving most investors with losses.

Rumors about a possible ban on stablecoins in the United States, such as USDT and USDC, are creating a stir in the cryptocurrency market. The proposed law seeks to severely restrict their use due to regulatory concerns, which could destabilize the crypto ecosystem.

The bill argues that stablecoins could threaten financial stability and facilitate illegal activities if not strictly regulated. Experts warn that such a measure could lead to high market volatility, especially for traders who rely on these coins for fast and secure transactions.

The world of crypto has never been as volatile as it will be in 2024, and the latest moves by Bitcoin and Ethereum could be just the tip of the iceberg. Did you know that some of the biggest investors are quietly withdrawing their funds? Yes, what you are reading is real! These outflows could trigger a monumental drop in the value of the world’s largest cryptos, but that’s not all…

The Great Whale Escape
Rumors are spreading like wildfire in investment circles: cryptocurrency “whales” – those investors who control millions of dollars in assets – are strategically selling. This movement is creating a domino effect that could sink Bitcoin to levels we haven’t seen in years. Is this the time for small investors to prepare for a storm that many will not be able to survive?

Just a few months ago, cryptocurrencies seemed unshakable, a fortress of value that attracted both newbies and market veterans. But now, an unexpected storm is sweeping through the crypto world, forcing the bravest to reconsider their positions. Since regulatory authorities in various countries have toughened their stance against the most well-known exchanges, such as Binance and Kraken, many investors feel insecure and have begun to withdraw their funds en masse.

In October 2024, whales have been accumulating large amounts of various cryptocurrencies, which has generated significant movements in the market.

1. XRP (Ripple): Whales have been purchasing large amounts of XRP, accumulating nearly $300 million between late September and early October. This activity suggests that whales are anticipating a potential surge in the price of XRP as more tokens are unlocked.

2. Dogecoin (DOGE): Over the past 24 hours, whales have purchased over 1 billion DOGE, which is equivalent to about $109 million. This type of accumulation has already led to a 5% increase in the price of DOGE, and some analysts believe this could trigger an even bigger rally in the coming days.

Erik Finman began his journey into the world of cryptocurrencies in 2011, when he was just 12 years old. His grandmother had given him $1,000 as a gift, which he decided to invest in Bitcoin at the suggestion of his brother. At the time, the price of one Bitcoin was around $10-$12.
Motivated by a distaste for the traditional education system and an agreement with his parents that would allow him to skip college if he became a millionaire before the age of 18, Erik threw himself into investing. He bought about 100 bitcoins with his initial investment. As the price of Bitcoin began to rise, he continued to buy and sell to increase his amount of bitcoins.

The growing interest in cryptocurrencies has led to the use of artificial intelligence (AI) tools to predict market movements. Recently, these tools have been leveraged to forecast the price of XRP for the end of October 2024. The results, while interesting, should be taken with a grain of salt due to the inherent volatility of the crypto market.
According to the AI ​​prediction, XRP could reach a price of around $0.75 by October 31. This projection takes into account both historical data and market trends, including Ripple’s ongoing legal disputes and the overall market conditions for altcoins. While some traders are optimistic about the possibility of a rally, others advise caution due to the unpredictable nature of the crypto markets, especially with the legal uncertainties surrounding XRP.

Binance, one of the largest exchanges in the world, has decided to remove trading in four cryptocurrency pairs due to the lack of liquidity in these markets. The decision was announced to ensure a better experience for users and maintain an efficient ecosystem on the exchange. The pairs removed are:

ACE/FDUSD, FIL/BNB, OP/BNB, and TRB/FDUSD, scheduled for delisting at 03:00 UTC on October 4.

This action reflects Binance’s commitment to platform stability and focus on higher volume and higher demand pairs. The removal of these pairs will be effective starting next week, and users are encouraged to make the corresponding liquidations before that date.

In a recent report published by Binance, the leading cryptocurrency exchange has highlighted ten crypto assets that are currently facing significant volatilities, thus entering a high-risk zone. This analysis seeks to guide investors on the potential extreme fluctuations in the prices of these assets, suggesting caution and a detailed review of current investment strategies. Binance remains committed to transparency and support for its users, providing essential tools and data for informed decision-making in the dynamic cryptocurrency market.

Artificial intelligence (AI) is transforming trading by enabling traders to make faster, more informed decisions. AI tools analyse vast amounts of data in real-time, detecting patterns and trends in financial markets. This gives them a competitive advantage as they can execute trades faster and more accurately. Additionally, AI helps manage risk by automating stop-loss orders and diversifying portfolios, constantly adapting to changing market conditions.

Today, financial markets have reacted with surprise to the announcement of Japan's new prime minister. The Nikkei index has seen a significant drop, reflecting investors' uncertainty about future economic policies. Similarly, Bitcoin has seen an abrupt decline in its value. Experts suggest that these fluctuations could be linked to expectations of regulatory changes that could affect both local markets and cryptocurrencies. Stay tuned for more updates on how this news continues to affect global markets. #Bitcoin #Nikkei #Economía #TopCoinsSeptember