Bitcoin experienced a significant drop over the past 24 hours, falling by 7.45% to trade at $88.83, its lowest level since mid-November 2024, according to CoinMarketCap. Bitcoin CEO and Bitcoin supporter Samson Mow, head of crypto firm JAN3, took to X (formerly Twitter) to comment on the crash. In his tweet, Mow described Bitcoin as “oversold” and urged the market to “run it back.” Despite a brief pause in losses, Bitcoin continued to slide, shedding 3.54% just today.
Drivers Behind the Crash
Market experts attribute the decline largely to impending import tariffs imposed by President Trump on Canada and Mexico, set to take effect on March 4. Additionally, the crash has been exacerbated by massive liquidations across the crypto market and significant outflows from Bitcoin spot ETFs.
Institutional Optimism Amid Volatility
In contrast to Mow’s bearish outlook, prominent Bitcoin evangelist Michael Saylor offered a bullish perspective. Saylor stated that “Bitcoin is on sale,” encouraging investors to capitalize on the dip. In line with this sentiment, Saylor’s company, Strategy, announced a massive Bitcoin acquisition of $1.99 billion—enough to purchase over 20,000 BTC. This acquisition is part of a recent convertible senior notes offering, bringing Strategy’s total holdings to 449,096 BTC, valued at approximately $33.1 billion. Saylor has expressed ambitions for the firm to surpass 500,000 BTC in the near future, highlighting a strong institutional vote of confidence in the long-term potential of Bitcoin.

#bitcoin #crypto #SBF #marketnews
For latest Crypto news and updates Follow Cryptoknowmics

Strong Market Performance Post-Airdrop 🚀

Kaito AI has seen an impressive 50% price surge following its airdrop launch. Despite concerns about insider sell-offs, the token has maintained strong momentum, outperforming recent airdrops like Pi Network and Hamster Kombat.

Shortly after the airdrop, major exchanges including Binance, Coinbase, KuCoin, and Kraken listed KAITO, significantly boosting liquidity and investor confidence.

$KAITO started trading at $1.12, surged to $2, and is now stabilizing around $1.75, reflecting strong demand.

Tokenomics and Key Considerations

The token distribution structure is as follows:
✔ 10% allocated to community and ecosystem claims
✔ 35% reserved for the foundation and core team
✔ 32.2% dedicated to ecosystem growth
✔ 2% allocated to Binance’s Hodler program

⚠ Upcoming Token Unlock: On August 20, 21.84 million KAITO tokens (≈ $42 million) will be unlocked, potentially increasing selling pressure. With 241 million tokens currently in circulation out of 1 billion total supply, this could impact price stability.

Technical Analysis and Price Outlook

A rising wedge pattern has formed on $KAITO ’s price chart, a classic bearish indicator. If the price breaks downward, it could test the $0.87 support level.

However, if KAITO breaks the $2 resistance and surpasses the $3 psychological barrier, it could rally towards $5, representing a 180% potential upside.

Market Sentiment and Future Prospects

Kaito AI has gained attention due to its strong presence in the AI and Web3 sectors, attracting institutional interest and strategic partnerships.

Investors should closely watch support levels at $1.50 and $1.20 and resistance at $2 and $3. Whether KAITO continues its bullish momentum or faces a correction will depend on overall market condi
tions and investor sentiment.
$KAITO
#KAITO #MarketNews #CryptoNews #Write2Earn #TradingBanter

*Breaking News* - A major security breach occurred at *B.....* on Friday, with the exchange losing a staggering *1.5 billion* in Ethereum during a hack. 😱 Here’s everything you need to know about what went down and how they plan to recover:

—

*The Hack and What Was Lost*
On Friday, hackers accessed *B.....’s cold wallet* — a secure, offline storage system used to hold crypto. The attack resulted in the theft of *701.5 billion*. 😳

---

*B.....’s Response: The Bridge Loan*
In a live stream, *CEO Ben Zhou* confirmed that *B.....* had secured a *bridge loan* from *unnamed partners* to cover about *80% of the stolen Ether*. The bridge loan is meant to provide the exchange with enough liquidity to handle customer withdrawals and ensure operations continue without interruption. 💸

*Zhou’s statement*:
“We actually already secured almost 80% of the Ethereum that’s been stolen as a bridge loan to give us that liquidity, to help us with the liquidity crunch, so we can pass this crucial period.”

However, Zhou made it clear that *B.....* would not immediately purchase the stolen Ether to replenish the wallet due to the sheer size of the amount. 🛑

---

*Impact on Customers*
On the day of the hack, *customers withdrew a total of 500 million* from the exchange, as reported by *DefiLlama*. *Zhou* likened this to a *“bank run”*, urging customers to be patient while the company works to process the massive withdrawal requests. 🏃‍♂️💨

Despite the chaos, *B.....* emphasized that there were no plans to suspend or cancel withdrawals. *Zhou* reassured clients:
“Even today if all the B..... clients withdraw, we can give you withdrawals.”

—

*Reserves and Liquidity*
*B.....* has over *20 billion* in assets under management, so the exchange claims it has sufficient funds to honor customer withdrawals. However, since the stolen *Ether* was not fully backed by the exchange’s current holdings, they had to rely on the *bridge loan* to cover the gap. 💰

*Shunyet Jan*, the head of derivatives and institutions at *B.....*, explained:
“Our treasury has more than enough reserves to cover the Ethereum notional amount, but we don’t have enough Ethereum right now.”

---

*Investigation and Next Steps*
The breach is still under investigation, with *B.....* having filed a police report. The hacker used the stolen Ethereum in the cold wallet and sent it to an *unidentified address*. 🔍 The exact identity of the hacker remains unknown, but *B.....* is actively working with authorities to resolve the matter. 🕵️‍♂️

---

*Conclusion: How This Affects the Industry*
The *B.....* hack is one of the biggest crypto exchanges hacks in history. Prior to this, the *Ronin Network exploit* in March 2022, with a loss of $600 million, was the largest hack in the industry. *B.....* is working hard to resolve the situation, and their *bridge loan* should help them navigate this crisis while keeping customers’ funds safe.

As always, *cryptocurrency security* is crucial — so be sure to keep your funds protected and stay aware of any updates regarding this hack. 🔐

$ETH

#CryptoHack #SecurityBreach #Ethereum #CryptoSecurity #MarketNews

📈Many famous investors including Warren Buffett, Bill Ackman and a bunch more just updated their portfolios🌟

Here's what their portfolios looked like as of the end of Q4 ⬇️

Warren Buffett:

#WarrenBuffett
#BTC走势分析
#LTC
#MarketNews
#MarketMeltdown
$OM
$LTC
$BTC