Abakan resident lost 5 million rubles in an attempt to make money on cryptocurrencies

A young Abakan resident trusted a certain "trade manager" from the Internet, who convinced him to invest in cryptocurrencies. First, the "investor" transferred 100,000 rubles to the scammers, and over the next week, he was convinced to invest almost 5 million rubles more. To do this, the Abakan resident took out loans. The victim transferred the funds to the accounts and phone numbers of individuals.

At first, the scammers allowed the young man to withdraw 320,000 rubles of "profit", which strengthened his trust. However, then the funds stopped coming - the "trade manager" found various reasons to delay payments, and then completely stopped communicating. The police opened a criminal case under Part 4 of Article 159 of the Criminal Code of the Russian Federation "Fraud on an especially large scale".

In October, it was reported that a resident of Novorossiysk lost 12 million rubles on a fraudulent crypto platform.

OpenAI plans to create a humanoid robot — in 2021, the company shut down its robotics division, but much has changed since then: there has been a breakthrough in the field of AI, and new equipment has also emerged🤖

Elon Musk stated that the neural network Grok can recognize and explain virtually any image — from medical records to World War II planes and memes🤖

SpaceX Elon Musk uses stablecoins to hedge currency risks — the company accepts payments for its Starlink satellite internet from customers in so-called 'long tail' countries and converts them into stablecoins🛰

Then SpaceX converts these stablecoins back into US dollars.

Forbes predicts 7 key trends in the cryptocurrency market for 2025: 🔮

1️⃣ G7 or BRICS countries will create strategic Bitcoin reserves.
2️⃣ The 7 largest technology giants in the USA will create Bitcoin reserves.
3️⃣ The market capitalization of stablecoins will exceed $400 billion.
4️⃣ Layer-2 blockchains of the Bitcoin network will contribute to the growth of DeFi.
5️⃣ The launch of various cryptocurrency-oriented ETFs.
6️⃣ The market capitalization of cryptocurrencies will exceed $8 trillion.
7️⃣ The USA will regain its position as the world's cryptocurrency center.

Peter Schiff, one of the most well-known critics of BTC, proposed the idea of launching a national cryptocurrency for the USA — in his opinion, instead of accumulating strategic reserves in Bitcoin, the country could save significantly by creating its own digital asset "USAcoin" 🗽

Schiff suggested limiting the issuance of USAcoin, similar to Bitcoin, but implementing an advanced blockchain — this would provide the new cryptocurrency with high functionality and make it convenient for everyday payments.
#USAcoin

Benjamin Cowen: Ethereum is set to grow faster than Bitcoin in the coming months

Relying on historical cycles of the cryptocurrency market, Benjamin Cowen stated that the ETH/BTC pair is expected to rise at the beginning of next year, regardless of the BTC/USD metrics.

"Historically, the ETH/BTC pair has reached its bottom in December or January. December is already coming to an end, and I think Ethereum will remain weak against Bitcoin until the end of the year, maybe even into early January. But then I expect the ETH/BTC to rise, regardless of the movement of BTC/USD," the analyst noted.

Cowen also said that 2025 should be quite favorable for traders of the ETH/BTC pair. He compared data from 2021 and 2022, analyzed movements in 2017, and stated that next year should be "green" for Ethereum:

"I would say that on quarterly charts you will see more green candles in 2025 and perhaps even in early 2026."

Earlier, the founder of MN Consultancy, Michaël van de Poppe, predicted a possible decline of Bitcoin in January 2025.

Tesla's market capitalization has reached $1.4 trillion, which exceeds the value of the world's 40 largest automakers🏎

In 2016, the company was valued at only $770 million.

Recall that Tesla holds 11,509 BTC on its balance sheet.

BlackRock has sparked controversy over the immutability of BTC in a new video, saying investors have “no guarantee,” which hits the key idea of ​​a fixed limit that makes it inflation-proof

Theoretically, the limit could be changed through a hard fork, but such a network would no longer be considered “real BTC.” Previous attempts, such as increasing the block size in 2016-2017, failed due to disagreements in the community.

The discussions are related to the security model: miners’ rewards are reduced, and after 2140 they will receive income only from transaction fees.

However, investors are confident that any attempts to change the limit will lead to the creation of new networks, and not to changes in the original BTC.
#BTC #BlackRocks

Binance published the results of a new "large-scale" survey on cryptocurrencies: 📊

🔴 Currently, 16.1% of respondents own meme tokens, while Bitcoin ranks second with 14.44%.

🔴 23.89% of participants believe that AI-related tokens have the greatest growth potential, with meme tokens coming in second (19%).

🔴 DeFi tokens took third place (12%).

🔴 45% of respondents started investing in cryptocurrencies only in 2024.

BlackRock’s IBIT Bitcoin ETF Becomes the Best Fund by Inflow

BlackRock’s U.S. spot bitcoin fund iShares Bitcoin Trust (IBIT) has become the best-performing ETF of the last decade, raising more than $36 billion, beating out nearly 2,850 funds.

IBIT has had more net inflows than any other ETF launched since 2014. And that’s in just 11 months, said Nate Geraci, CEO of The ETF Store.

IBIT has raised about $36.3 billion since its launch, according to Farside Investors. That’s more than the $36.2 billion raised by all other U.S. spot BTC ETFs combined. It’s also nearly three times the $12.4 billion that Fidelity’s FBTC, the second-largest ETF, has raised.

IBIT also became the record holder for daily inflows among other BTC ETFs. In one day, the BlackRock fund attracted more than $1.1 billion from investors. This is twice as much as the maximum amount of $473.4 million received by Fidelity's FBTC.

Bloomberg senior stock analyst Eric Balchunas noted that the total volume of assets under management of these funds reached $130 billion, exceeding the $128 billion managed by gold-based ETFs.

Trader in meme coin PEPE increased investments by 1,900,000 times✅

A trader who invested $27 in the meme token Pepe received an incredible profit of $52 million.

A major holder of PEPE, who had been inactive for 600 days, transferred all of their 2.1 trillion meme coins to a new address. From $27 to $52 million — an incredible profit of 1,900,000 times!

Since the beginning of January, Pepe has risen by 1600% and has become the second most profitable cryptocurrency in 2024. Thanks to such a rapid rise, in May another enterprising investor in Pepe turned $3000 into $46 million.

This year, meme coins have proven to be some of the most profitable. For instance, the meme token Dogwifhat (WIF) based on Solana has risen by 1400%.

According to Hao Yan, head of the financial products department at the cryptocurrency exchange Bybit, the ongoing success of meme coins can be seen as a sign of disillusionment among the younger generation with the financial system.

The success of meme coins can be viewed as a sign of disappointment among young investors who have seen the opportunities available to their parents disappear.
$PEPE #meme_coin

Drake's Twitter account with 39 million followers was hacked to promote a shitcoin on Solana✖️

The trading volume of the token at its peak reached $5 million, the number of affected users is currently unknown.