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Thomas Anderson
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#Xrp🔥🔥 XRP Has Most Bullish-Looking Chart in Entire Crypto Space, According to Analyst A widely followed cryptocurrency analyst and trader is leaning bullish on XRP. The analyst pseudonymously known as CredibleCrypto tells his 450,200 followers on the social media platform X that paired against Bitcoin (BTC), XRP “looks absolutely fantastic.” The trader says he plans to enter a long position in the coming days. Based on the analyst’s chart on the one-hour time frame, it appears he is suggesting that XRP could first trend downwards before skyrocketing by at least 65%. It also appears that the analyst believes XRP has formed an inverse head-and-shoulders pattern in the same time frame. An inverse head-and-shoulders pattern is considered a bullish signal in technical analysis. “Still the most bullish-looking chart in the entire space off the lows in my opinion. Just a powder keg building pressure…” XRP is trading at 0.00002323 BTC ($2.28) at time of writing. Next up is Ethereum (ETH). CredibleCrypto says that ETH is likely to trade in a range of between $3,000 and $3,800 before bottoming out at around $2,800. Based on the pseudonymous analyst’s chart on the 12-hour time frame, he suggests Ethereum could then rally to a new all-time high above $6,000. Ethereum is trading at $3,492 at time of writing. Turning to the Ethereum/Bitcoin pair, the widely followed analyst says he is still targeting Ethereum to drop to around the 0.02700 BTC to 0.02800 BTC level before he can enter a long position. According to CredibleCrypto, ETH/BTC is now “grinding back down” after initially rallying. “Would be an absolutely epic entry if we get it that will probably mark this cycles pico bottom on ETH/BTC as well.” More interesting news – subscribe – I will be grateful for tips $XRP
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#scam FBI and Other Federal Agencies Identify Hacker Behind $308,000,000 Hack of DMM Crypto Exchange North Korean hackers stole $308 million in Bitcoin (BTC) from Japanese cryptocurrency exchange DMM in May 2024, federal investigators confirmed Tuesday. The FBI, Japan’s National Police Agency and the Department of Defense Cyber Crime Center identified the North Korean group known as “TraderTraitor” as responsible for the theft of 4,502.9 Bitcoin, according to a new press release from the FBI. Investigators say the breach began in March when a hacker posed as a recruiter and sent a malicious GitHub link to an employee of Ginco, a DMM partner company. After the employee copied the link to their personal account, TraderTraitor gained system access and later impersonated the worker to infiltrate DMM’s communications. The hackers then intercepted and modified a legitimate transaction request from DMM, authorities said. The stolen funds were quickly transferred to wallets controlled by TraderTraitor, which officials have linked to North Korea’s government. The heist appears to be part of North Korea’s broader cryptocurrency theft campaign to generate revenue. According to the press release, the international investigation highlights growing concerns about state-sponsored cybercrime targeting digital assets. Law enforcement officials say the case demonstrates the need for enhanced global cooperation against cyber threats. In August, the blockchain security firm PeckShield said wallets associated with the hackers moved roughly 850 BTC worth more than $54 million to six different addresses in a week. More interesting news – subscribe – I will be grateful for tips $BTC
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#BTC 31% of All Bitcoin Holdings Now Belong to ETFs, Governments and Microstrategy (MSTR): CryptoQuant CEO Exchange-traded funds (ETFs), governments and MicroStrategy (MSTR) own nearly one-third of all known Bitcoin (BTC) holdings. The 31% of known BTC holdings owned by ETFs, governments and MicroStrategy represents a 14% increase from December 2023, according to Ki Young Ju, the founder and chief executive of the digital asset analytics firm CryptoQuant. “Bitcoin Cap Table Update: ETFs, governments, and MSTR now account for 31% of all known Bitcoin holdings, up from 14% last year.” Young Ju also discussed the importance of MicroStrategy’s BTC holdings. “Different forms of money require distinct gateways. Bitcoiners should recognize MSTR as a gateway bridging Nasdaq-100 money to Bitcoin. I don’t understand why some Bitcoiners dislike MSTR. They might raise concerns about self-custody, but very few people actually practice self-custody — just as only a few care about privacy breaches. MSTR’s Bitcoin bank model aligns well with the current adoption level. If the gateway’s active fund management enables the acquisition of a significant amount of Bitcoin with relatively little capital, that marks the success of a Bitcoin bank. Of course, there is always the risk of failure, so one should view it as entrusting funds to a bank with the goal of gaining more Bitcoin, using Bitcoin itself as the form of money.” More interesting news – subscribe – I will be grateful for tips $BTC
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#scamriskwarning #BtcNewHolder Bitcoin and Crypto Markets Dip As North Korean Hacking Threat Triggers $112,000,000 in Outflows From Hyperliquid At the tail end of the weekend, well-known blockchain security expert Taylor Monahan who works for crypto wallet MetaMask reported that several addresses linked to the DPRK were trading on Hyperliquid, a decentralized perpetuals exchange with its own chain. Monahan said the North Koreans were likely testing out the network before considering it as a target for their next attack. In its Discord channel, Hyperliquid disagreed with Monahan’s analysis and said that there was no threat from the DPRK. “We are aware of reports circulating regarding activity by supposed DPRK addresses. There has been no DPRK exploit – or any exploit for that matter – of Hyperliquid. All user funds are accounted for. Hyperliquid Labs takes opsec seriously. No vulnerabilities have been shared by any party.” However, HYPE, Hyperliquid’s native token, dropped nearly 20% while the exchange suffered nearly $113 million in stablecoin outflows, according to blockchain analytics platform Dune. HYPE has since stabilized and is currently trading at $26.75 with a market cap of $9.1 billion, and it’s correction is more or less in line with the rest of the crypto markets. Earlier this month, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) said it was dismantling North Korea’s digital asset money laundering network by sanctioning Chinese nationals Lu Huaying and Zhang Jian who used a front company in the United Arab Emirates (UAE) to launder illicit money and convert crypto funds for the DPRK. Says Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith, “As the DPRK continues to use complex criminal schemes to fund its WMD and ballistic missile programs—including through the exploitation of digital assets—Treasury remains focused on disrupting the networks that facilitate this flow of funds to the regime.” More interesting news – subscribe $BTC
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#USDT $105,000,000,000,000 To Be Handed Down As Great Wealth Transfer Enters Full Swing More than $100 trillion dollars will be handed down to heirs over the next couple of decades as the pace of the Great Wealth Transfer accelerates, according to a new report. The research firm Cerulli Associates says $105 trillion will be passed on to heirs by 2048, while charities will receive $18 trillion over the same period. Baby Boomers, the Silent Generation and other older generations will be the major benefactors. “Nearly $100 trillion will be transferred from Baby Boomers and older generations, representing 81% of all transfers. More than 50% of the overall total volume of transfers ($62 trillion) is expected to come from those who are currently high-net-worth (HNW) and ultra-high-net-worth (UHNW), which together make up only 2% of all households.” Over the short term, generation X will benefit more than Millennials from the Great Wealth Transfer. “Millennials will be inheriting the most of any generation over the course of the next 25 years ($46 trillion). However, Gen X stands to inherit the greatest portion of assets in the next 10 years, totaling $14 trillion to Millennials’ $8 trillion.” Widows in the Baby Boomer and the Silent Generation as well as other older generations are set to receive about 38% of the wealth before it can get to heirs and charities, according to the report. “Projections of horizontal, or intra-generational, transfers show that $54 trillion will be passed on to spouses before eventually transferring intergenerationally to heirs and to charities. Nearly $40 trillion of these spousal transfers will be going to widowed women in the Baby Boomer and older generations…” More interesting news – subscribe – I will be grateful for tips $USDC
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