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Danger as wave of crypto influencers and celeb X accounts are hacked
A string of industry influencers and celebrities had their X accounts hacked over the weekend, shilling everything from Luna2 and ORDI to celebrity-inspired memecoins.
Among the latest victims is Gigantic-Cassocked-Rebirth — known as GCR — a pseudonymous cryptocurrency investor known for profiting from contrarian trades — who confirmed their X account was hacked.
GCR’s X account on May 26 posted about ORDI and Luna2.0, sending both tokens up 6% and 274% momentarily.
Many commented that the hacker could have used the account to shill a microcap coin but chose to post the two tokens instead, which resulted in limited gains.
“GCR hacker fumbled the bag hard,” said crypto analyst Miles Deutscher.
“Bro could've picked ANY believable micro cap to pump 10-20x, yet chose to shill ORDI and LUNA2 for a measly 10% wick.”
ORDI (ORDI) has already amassed a market cap of $856 million and, therefore has less upside than small-cap coins.
However, the GCR hack could be just one small part of a wider attack on celebrity X accounts, the community warns.
“GCR already told us today that there’s an operation going on hacking big twitter accounts,” revealed Udi Wertheimer, a Bitcoin developer and Ordinals commentator.
Among the latest victims is Gigantic-Cassocked-Rebirth — known as GCR — a pseudonymous cryptocurrency investor known for profiting from contrarian trades — who confirmed their X account was hacked.
GCR’s X account on May 26 posted about ORDI and Luna2.0, sending both tokens up 6% and 274% momentarily.
Many commented that the hacker could have used the account to shill a microcap coin but chose to post the two tokens instead, which resulted in limited gains.
“GCR hacker fumbled the bag hard,” said crypto analyst Miles Deutscher.
“Bro could've picked ANY believable micro cap to pump 10-20x, yet chose to shill ORDI and LUNA2 for a measly 10% wick.”
ORDI (ORDI) has already amassed a market cap of $856 million and, therefore has less upside than small-cap coins.
However, the GCR hack could be just one small part of a wider attack on celebrity X accounts, the community warns.
“GCR already told us today that there’s an operation going on hacking big twitter accounts,” revealed Udi Wertheimer, a Bitcoin developer and Ordinals commentator.
#### Pepe ($PEPE ) Updates:
1. **Market Performance**: Pepe is currently trading at $0.0001, experiencing a rise due to support from celebrities and social media buzz.
2. **Community Growth**: Pepe's community is rapidly expanding on platforms like Twitter and Reddit, which is vital for its success.
#### Shiba Inu ($SHIB ) Updates:
1. **Market Performance**: Shiba Inu is trading at $0.000008, maintaining a strong presence in the meme coin market. Its price stability is linked to its involvement in decentralized finance (DeFi).
2. **Ecosystem Growth**: Shiba Inu has expanded its ecosystem with ShibaSwap, a decentralized exchange platform.
Both coins boast strong communities, but Shiba Inu's DeFi initiatives provide it with a slight edge. While Pepe is enhancing its technology, Shiba Inu's ShibaSwap adds practical utility. Investors have opportunities with both coins, whether drawn to Pepe's meme appeal or Shiba Inu's functional uses. Stay updated on their progress.
#PEPE #SHIB
1. **Market Performance**: Pepe is currently trading at $0.0001, experiencing a rise due to support from celebrities and social media buzz.
2. **Community Growth**: Pepe's community is rapidly expanding on platforms like Twitter and Reddit, which is vital for its success.
#### Shiba Inu ($SHIB ) Updates:
1. **Market Performance**: Shiba Inu is trading at $0.000008, maintaining a strong presence in the meme coin market. Its price stability is linked to its involvement in decentralized finance (DeFi).
2. **Ecosystem Growth**: Shiba Inu has expanded its ecosystem with ShibaSwap, a decentralized exchange platform.
Both coins boast strong communities, but Shiba Inu's DeFi initiatives provide it with a slight edge. While Pepe is enhancing its technology, Shiba Inu's ShibaSwap adds practical utility. Investors have opportunities with both coins, whether drawn to Pepe's meme appeal or Shiba Inu's functional uses. Stay updated on their progress.
#PEPE #SHIB
#### Pepe ($PEPE ) Updates:
1. **Market Performance**: Pepe is currently trading at $0.0001, experiencing a rise due to support from celebrities and social media buzz.
2. **Community Growth**: Pepe's community is rapidly expanding on platforms like Twitter and Reddit, which is vital for its success.
#### Shiba Inu ($SHIB ) Updates:
1. **Market Performance**: Shiba Inu is trading at $0.000008, maintaining a strong presence in the meme coin market. Its price stability is linked to its involvement in decentralized finance (DeFi).
2. **Ecosystem Growth**: Shiba Inu has expanded its ecosystem with ShibaSwap, a decentralized exchange platform.
Both coins boast strong communities, but Shiba Inu's DeFi initiatives provide it with a slight edge. While Pepe is enhancing its technology, Shiba Inu's ShibaSwap adds practical utility. Investors have opportunities with both coins, whether drawn to Pepe's meme appeal or Shiba Inu's functional uses. Stay updated on their progress.
#PEPE #SHIB
1. **Market Performance**: Pepe is currently trading at $0.0001, experiencing a rise due to support from celebrities and social media buzz.
2. **Community Growth**: Pepe's community is rapidly expanding on platforms like Twitter and Reddit, which is vital for its success.
#### Shiba Inu ($SHIB ) Updates:
1. **Market Performance**: Shiba Inu is trading at $0.000008, maintaining a strong presence in the meme coin market. Its price stability is linked to its involvement in decentralized finance (DeFi).
2. **Ecosystem Growth**: Shiba Inu has expanded its ecosystem with ShibaSwap, a decentralized exchange platform.
Both coins boast strong communities, but Shiba Inu's DeFi initiatives provide it with a slight edge. While Pepe is enhancing its technology, Shiba Inu's ShibaSwap adds practical utility. Investors have opportunities with both coins, whether drawn to Pepe's meme appeal or Shiba Inu's functional uses. Stay updated on their progress.
#PEPE #SHIB
Trump Campaign Adopts Bitcoin, ETH, XRP, Dogecoin, SHIB For Election War Chest
Former US President Donald J. Trump has announced that his campaign will accept donations in Bitcoin and various cryptocurrencies, marking a significant milestone as the first major party presidential nominee to employ this strategy for fundraising. The announcement came via an official campaign press release.
The Trump campaign’s new fundraising initiative integrates the use of popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB). These can now be donated through Coinbase Commerce, a service that allows merchants to accept multiple cryptocurrencies directly into a user-controlled wallet.
According to the campaign’s press release, the move adds “to President Trump’s already ground-breaking digital fundraising operation [and] marks the first time a major party Presidential nominee has embraced cryptocurrency for donations.” This initiative is not just a broadening of the campaign’s digital fundraising operation but also a strong political statement in favour of Bitcoin and crypto’s role in enhancing financial freedom and innovation.
The campaign contrasts its embrace of cryptocurrency with the positions of key Democratic opponents, particularly President Joe Biden and Senator Elizabeth Warren, who have expressed significant scepticism towards the utility and regulation of digital currencies. The press release specifically calls out Senator Warren’s efforts to curtail the crypto sector, which she has often described as a ‘shadowy system’ that needs more stringent regulation.
“Biden surrogate Elizabeth Warren said in an attack on cryptocurrency that she was building an ‘anti-crypto army’ to restrict Americans’ right to make their own financial choices. MAGA supporters, now with a new cryptocurrency option, will build a crypto army moving the campaign to victory on November 5th!,” the press release states.
David Bailey, the CEO of Bitcoin Magazine, who developed the Bitcoin agenda with the Trump campaign, commented via X, highlighting the significance of this move: “Only the start of the Trump news.”
#ETHETFS #MicroStrategy #bitcoinhalving #TrumpSupportsCrypto #TrumpCryptoSupport
The Trump campaign’s new fundraising initiative integrates the use of popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB). These can now be donated through Coinbase Commerce, a service that allows merchants to accept multiple cryptocurrencies directly into a user-controlled wallet.
According to the campaign’s press release, the move adds “to President Trump’s already ground-breaking digital fundraising operation [and] marks the first time a major party Presidential nominee has embraced cryptocurrency for donations.” This initiative is not just a broadening of the campaign’s digital fundraising operation but also a strong political statement in favour of Bitcoin and crypto’s role in enhancing financial freedom and innovation.
The campaign contrasts its embrace of cryptocurrency with the positions of key Democratic opponents, particularly President Joe Biden and Senator Elizabeth Warren, who have expressed significant scepticism towards the utility and regulation of digital currencies. The press release specifically calls out Senator Warren’s efforts to curtail the crypto sector, which she has often described as a ‘shadowy system’ that needs more stringent regulation.
“Biden surrogate Elizabeth Warren said in an attack on cryptocurrency that she was building an ‘anti-crypto army’ to restrict Americans’ right to make their own financial choices. MAGA supporters, now with a new cryptocurrency option, will build a crypto army moving the campaign to victory on November 5th!,” the press release states.
David Bailey, the CEO of Bitcoin Magazine, who developed the Bitcoin agenda with the Trump campaign, commented via X, highlighting the significance of this move: “Only the start of the Trump news.”
#ETHETFS #MicroStrategy #bitcoinhalving #TrumpSupportsCrypto #TrumpCryptoSupport
$FET is gaining traction. The confirmation of support at the $2 level, coupled with substantial trading volume, suggests that reaching our $3.26 target may occur sooner than anticipated. Hope $BTC stays green too.
Bittrex Global CEO commends Thailand’s firm regulatory approach towards crypto
n an interview with crypto.news Oliver Linch, CEO of Bittrex Global, discussed Thailand’s regulatory direction regarding the cryptocurrency sector.
Thailand’s Securities and Exchange Commission (SEC) has intensified its regulatory framework to curb unlicensed crypto activities, citing fraud and money laundering concerns.
“The SEC warns people and investors to be cautious about using unauthorized digital asset operators because they do not receive legal protection,” the regulator said in a statement.
n an interview with crypto.news Oliver Linch, CEO of Bittrex Global, discussed Thailand’s regulatory direction regarding the cryptocurrency sector.
Thailand’s Securities and Exchange Commission (SEC) has intensified its regulatory framework to curb unlicensed crypto activities, citing fraud and money laundering concerns.
“The SEC warns people and investors to be cautious about using unauthorized digital asset operators because they do not receive legal protection,” the regulator said in a statement.
Crypto exchanges exit Hong Kong license race ahead of May deadline😳
The queue of crypto exchanges for operational licenses in Hong Kong is shrinking as seven exchanges, including IBTCEX and Huobi HK, withdraw applications ahead of the May 31 deadline.
The number of crypto exchanges seeking operational licenses in Hong Kong is steadily decreasing, even as the deadline approaches.
Three crypto exchanges recently withdrew their license applications filed with the Securities and Futures Commission of Hong Kong (SFC). On May 13, crypto exchanges IBTCEX and QuanXLab withdrew their applications, initially filed in February 2024.
Huobi HK, a crypto exchange with links to HTX, followed suit the next day, as shown in the screenshot below.
The queue of crypto exchanges for operational licenses in Hong Kong is shrinking as seven exchanges, including IBTCEX and Huobi HK, withdraw applications ahead of the May 31 deadline.
The number of crypto exchanges seeking operational licenses in Hong Kong is steadily decreasing, even as the deadline approaches.
Three crypto exchanges recently withdrew their license applications filed with the Securities and Futures Commission of Hong Kong (SFC). On May 13, crypto exchanges IBTCEX and QuanXLab withdrew their applications, initially filed in February 2024.
Huobi HK, a crypto exchange with links to HTX, followed suit the next day, as shown in the screenshot below.
Crypto Trader Turns $2.2K of SOL to $2.26M Within Eight Hours on Memecoin Trade😵😵😵
A crypto trader, operating under the wallet name "sundayfunday.sol," achieved an incredible 993x gain on their purchase of 13 Solana (SOL) worth of a newly-launched memecoin called 1DOL. The initial investment of $2,275 turned into an astonishing profit of $2.26 million within a span of just eight hours, according to lookonchain. However, the profitable trade triggered allegations of insider trading.
1DOL, the memecoin in which the trader invested, was launched on May 18 and reached a peak price of $0.02 the following day before dropping over 90% to its current value of $0.0017. 1DOL is currently down 43% in the past 24 hours, according to CoinMarketCap data.
A crypto trader, operating under the wallet name "sundayfunday.sol," achieved an incredible 993x gain on their purchase of 13 Solana (SOL) worth of a newly-launched memecoin called 1DOL. The initial investment of $2,275 turned into an astonishing profit of $2.26 million within a span of just eight hours, according to lookonchain. However, the profitable trade triggered allegations of insider trading.
1DOL, the memecoin in which the trader invested, was launched on May 18 and reached a peak price of $0.02 the following day before dropping over 90% to its current value of $0.0017. 1DOL is currently down 43% in the past 24 hours, according to CoinMarketCap data.
SINGAPORE: The dollar was firm on Tuesday while the yen struggled on the weaker side of the 156 level, though trade was mostly range bound as investors generally stuck to their views of the expected timing and extent of Federal Reserve rate cuts this year.
Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC).
Against the yen, the dollar rose 0.07% to 156.37 in the early Asian session.
The yen has traded in a tight range over the past few sessions as fears of further intervention from Japanese authorities deterred traders from pushing the currency to new lows.
Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC).
Against the yen, the dollar rose 0.07% to 156.37 in the early Asian session.
The yen has traded in a tight range over the past few sessions as fears of further intervention from Japanese authorities deterred traders from pushing the currency to new lows.
Ether ETF Speculation Could Weigh on SOL, Wider Altcoin Market
Traders will not want to be short ETH while going through an ETF approval, one observer said.
Renewed hopes of an ether ETF debut in the U.S. is likely to see investors take money out of SOL and other alternative cryptocurrencies to invest into ETH.
Approval of a spot ether ETF is likely to broaden mainstream demand for crypto in the long run.
The crypto bull run that began last October has been characterized by Ethereum's ether (ETH) token underperforming rival layer 1 coins such as SOL, BNB and market leader bitcoin (BTC).
That, however, could change in the coming weeks, with ether overtaking the others on renewed hopes that a spot ether exchange-traded fund (ETF) will be approved in the U.S., opening the doors to a deluge of institutional money.
Traders will not want to be short ETH while going through an ETF approval, one observer said.
Renewed hopes of an ether ETF debut in the U.S. is likely to see investors take money out of SOL and other alternative cryptocurrencies to invest into ETH.
Approval of a spot ether ETF is likely to broaden mainstream demand for crypto in the long run.
The crypto bull run that began last October has been characterized by Ethereum's ether (ETH) token underperforming rival layer 1 coins such as SOL, BNB and market leader bitcoin (BTC).
That, however, could change in the coming weeks, with ether overtaking the others on renewed hopes that a spot ether exchange-traded fund (ETF) will be approved in the U.S., opening the doors to a deluge of institutional money.
The world’s second-largest cryptocurrency, Ethereum (ETH), has experienced a robust bullish surge, gaining 20% in the past 24 hours. This rally comes amid increasing optimism for the approval of a spot Ethereum ETF.
Ethereum (ETH) Price Rally to $4,000
As of press time, the Ethereum (ETH) price is trading 19.64% up at $3,692 with a market cap of $443 billion. With this, ETH has extended its weekly gains to more than 25%. On the other hand, the daily trading volume for ETH has also skyrocketed by a staggering 264% to over $36.24 billion.
This happened as the U.S. SEC pushed the issuer to update their 19b-4 filings for spot Ethereum ETF on Monday. Until last weekend, market analysts were not hopeful of the SEC’s nod for a spot Ethereum ETF. This was specifically due to the lack of communication between the SEC and the issuers.
Ethereum (ETH) Price Rally to $4,000
As of press time, the Ethereum (ETH) price is trading 19.64% up at $3,692 with a market cap of $443 billion. With this, ETH has extended its weekly gains to more than 25%. On the other hand, the daily trading volume for ETH has also skyrocketed by a staggering 264% to over $36.24 billion.
This happened as the U.S. SEC pushed the issuer to update their 19b-4 filings for spot Ethereum ETF on Monday. Until last weekend, market analysts were not hopeful of the SEC’s nod for a spot Ethereum ETF. This was specifically due to the lack of communication between the SEC and the issuers.
BENGALURU:
Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, PitchBook data showed, as expectations of lower interest rates and the debut of the first US bitcoin spot ETF whetted investor appetite.
Funding was spread across 518 deals and rose by 40.3% from the previous quarter, according to data firm PitchBook. Global venture capital investments dropped to a near five-year low in the same period.
Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, PitchBook data showed, as expectations of lower interest rates and the debut of the first US bitcoin spot ETF whetted investor appetite.
Funding was spread across 518 deals and rose by 40.3% from the previous quarter, according to data firm PitchBook. Global venture capital investments dropped to a near five-year low in the same period.
The native token of crypto gaming project Gala Games (GALA) fell sharply Monday amid fears of a major transfer of over $200 million worth of GALA tokens that traders feared was a hack, and then recovered after the company said the security incident had been "contained and the impacted wallet has been frozen."
This was an isolated incident, the cause of which has been addressed and we are working closely with law enforcement to investigate the individuals behind the breach.…
— Gala Games (@GoGalaGames) May 21, 2024
On Monday, an unknown party minted 5 billion Gala tokens and proceeded to sell them on decentralized exchange Uniswap, according to blockchain explorers.
Gala Games representatives had not previously announced the activity nor did they offer a quick explanation in the project's Discord server, spurring fears that the mass mint and sell was a hack.
This was an isolated incident, the cause of which has been addressed and we are working closely with law enforcement to investigate the individuals behind the breach.…
— Gala Games (@GoGalaGames) May 21, 2024
On Monday, an unknown party minted 5 billion Gala tokens and proceeded to sell them on decentralized exchange Uniswap, according to blockchain explorers.
Gala Games representatives had not previously announced the activity nor did they offer a quick explanation in the project's Discord server, spurring fears that the mass mint and sell was a hack.
