A recent security breach has shaken the crypto world, with $32 million worth of tokens disappearing from a crypto whale's wallet. Blockchain security service ScamSniffer reported the incident.
The Heist
12,083 spWETH tokens were withdrawn, valued at approximately $32.4 million, through the decentralized finance (DeFi) protocol Spark.
The Scam
Blockchain intelligence firm Arkham identified the malicious transaction as the work of Inferno Drainer, a fraud service targeting users with fake DeFi application proposals.
Victim Count
Over 200,000 victims have lost $215 million to Inferno Drainer, according to Dune Analytics.
Operators Commission
Inferno operators receive a 20% commission from stolen tokens.
Identity Unconfirmed
Crypto detective ZachXBT reports the whale's identity remains unconfirmed, sparking curiosity within the crypto community.
Protect Your Assets
Stay vigilant and prioritize blockchain security.
#CryptoScamAlert #BlockchainLifeAwards2024 #WhalesBuying #btcupdates2024 #BNBChainMemecoins
$ETH

After a quiet weekend with low trading volume, Bitcoin ($BTC ) kicked off the week with a 2% dip. Despite this minor pullback, overall market momentum remains intact. A key factor behind this strength is Coinbase, a major player, which has consistently been buying Bitcoin for nearly two months without selling any holdings—indicating strong confidence in the market.
Coinbase’s Buying Strategy
Coinbase’s continued accumulation of Bitcoin, even amid slight price drops, signals resilience. This move is especially encouraging for long-term investors, as large players like Coinbase often set the tone for broader market sentiment. Their strategy shows sustained confidence in Bitcoin’s potential $GNS
ETF Purchases Hit New Highs

Another noteworthy development is the surge in Bitcoin purchases through ETFs (Exchange Traded Funds). Last week, ETF Bitcoin acquisitions reached an all-time high, with a net purchase of 314,000 BTC since the ETF’s approval. This steady influx of capital suggests a bullish long-term outlook for the cryptocurrency.
Technical Analysis
From a technical standpoint, the $60k price level serves as a critical support zone. As long as $BTC holds above this level, the positive trend is expected to continue. Although Bitcoin recently closed above $65k, the low weekend trading volume reduced the significance of this milestone. For the rally to gain real momentum, a high-volume close above $65k is essential.
Conclusion
The ongoing accumulation by Coinbase and the rise in ETF purchases suggest Bitcoin remains strong for the long term. However, short-term movements will depend on key support levels, particularly the $60k mark. As long as this support holds, the market is likely to stay on its upward trajectory.
Stay tuned for more updates throughout the week. Wishing you a profitable and successful trading week ahead!
#btcupdates2024 #BTC☀ #TCPredictedNewATH #BinanceLaunchpoolHMSTR #Write2Earn!

According to experts, altcoin season is just around the corner, and FXGuys is the go-to project to reap the massive gains that the rally will bring.
$BTC
All crypto investors have been waiting for the next altcoin season with bated breaths. Historically, altcoin season only happens when Bitcoin’s (BTC) dominance over the market is at its lowest.

As the market is approaching the alt season, crypto experts have singled out a new Web3 project that they deem the safest bet for making the most out of the rally!

Altcoin Season Is Approaching as BTC’s Dominance Dwindles
Altcoin season is by far the best time to capitalize on the growth of lower-cap tokens. As such, many crypto investors wait for the tell-tale signs of the rally emerging so they can scoop up the most promising tokens and make massive returns.

Right now, many analysts are saying that the early stages of altcoin season are here as altcoins have shown considerable strength following BTC’s latest recovery. According to them, Bitcoin’s dominance over the market is on the precipice of a downside breakout, a trend that historically has led to massive altcoin runs.

With that said, Bitcoin’s dominance stood at 57.39% as of the beginning of the fourth week of September, down 1.09% from the previous week. Decreases in Bitcoin’s dominance are only one sign of an upcoming altcoin season, and most seasoned investors don’t act on them if there’s nothing else to go on.

Another crucial factor to look out for to catch the next altcoin rally in its early stages is if 75% of the top 50 cryptocurrencies perform better than BTC over the last 90 days. Once this happens, many BTC holders sell some of their holdings and rotate them into altcoins to make life-changing money.
$ETH
So, which altcoin is the safest bet for the upcoming altcoin season? Experts say that it is none other than FXGuys ($FXG).
FXGuys: An Innovative Web3 Project That Will Front-Run the Upcoming Altcoin Season
FXGuys is an up-and-coming Web3 project that has been singled out by hundreds of experts as the safest bet of the upcoming altcoin season. It is a decentralized trading platform that will bridge the gap between DeFi, TradFi, and PropFi and provide traders with secure, private, and flexible trading features, all the while giving them access to a wide range of assets to trade.

These functionalities that FXGuys offers make it one of the most unique projects on the market right now, which is why it is considered one of the best bets for making massive returns during the altcoin season. However, FXGuys is not just a great investment for the short term.

Namely, FXGuys offers excellent long-term potential as it gives traders a wide range of benefits that they can take advantage of and earn even more money than they would with their trades. It also allows $FXG holders to stake their tokens and share the profits from trading fees, subscription fees, the trader funding program, spreads, commissions, and more.

What’s more, it will fund traders with the capital they need to trade, without them having to risk their own money. Traders can also earn $FXG by simply trading, no matter if they’re profitable or not.

Another significant benefit that FXGuys offers is same-day payouts, allowing you to take out your hard-earned money whenever you want to. There’s also a generous profit split for funded traders, with 80% of the profits going directly to you and 20% to FXGuys.

As you continue trading and make even more money, your profit share will increase, and you’ll get an even higher share of your earnings without having to risk your own money to make your trades.

$FXG: The Means for Gains
$FXG is FXGuys’ native token, one that traders will use to buy challenges and reap rewards. It is a deflationary token with a great tokenomics system that will make sure that $FXG continues to grow steadily over time.

Also, $FXG is currently in Stage 1 of its public presale, meaning that it’s available at a fraction of the price it would be worth once it starts trading on exchanges. This, combined with the upcoming altcoin season, makes $FXG the most promising investment for the biggest and safest returns!
$BNB
You can get your $FXG token now at $0.03 and watch it climb in value during the rest of the presale. Once the presale ends, $FXG will launch at $0.1, and your presale gains would hit 200% even before $FXG takes its place in the market
#TCPredictedNewATH #btcupdates2024