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☢️ THEY STOLE $25 MILLION IN JUST 12 SECONDS ☢️ In a matter of 12 seconds, two brothers managed to steal $25 million worth of Ethereum using a sophisticated plan they meticulously devised over several months. They took extensive measures to conceal their identities, creating fake companies and using various private cryptocurrency addresses and foreign exchanges to cover their tracks. The brothers also conducted thorough online research to learn how to disguise themselves and trace their crimes. Prosecutors from New York's Cyber Unit successfully apprehended the criminals who threatened the integrity of the financial system. Anton Peraire-Bueno was arrested in Boston, while James Peraire-Bueno was taken into custody in New York. They are accused of fraudulently accessing pending private transfer transactions to obtain Ethereum from investors. Despite their arrest, the brothers refused to return the stolen funds and engaged in money laundering. Investigators referred to the crime as "the Exploit," highlighting both the exploitation and the remarkable success of the operation. ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #ETHETFsApproved #ETFEthereum

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The scenario is reversing: Banks have revised Fed forecasts Forecasts for the Fed's interest rate cut have changed significantly following employment data released on Friday. The Fed, which is preparing for the soft landing, is now said to be forced to land hard. According to the Wall Street Journal, employment data released on Friday, which shook the markets, was the main concern of those who guided economic policy in Washington, and the scenario for the U.S. economy is reversing. It is stated that Fed officials, who are preparing for a soft descent during this year, may have to go to the hard descent in the light of the latest data. Investors are concerned about the possibility that the Fed is late. An effect of this was also seen with declines in exchanges. On the other hand, instead of when the Fed will start lowering the interest rate, it has started to be discussed what size a reduction will be made in September. Bank analysts also revised their forecasts for the interest rate cut. Citigroup and JPMorgan expect the Fed to cut 50 basis points in September, 50 in November and 25 basis points in December, reducing interest by a total of 125 basis points before the end of the year. The interest rate decision next month will be announced on September 18. Before this meeting, employment data for August will be published on September 6th and inflation data will be published on September 11th.

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A panic wave has grown in Bitcoin and altcoins: Causes of Declines The declines in the cryptocurrency market since the start of the week have deepened on the last day of the week. More than one factor is thought to be effective behind the big retreat. The cryptocurrency market is having a turbulent Sunday. While the number one cryptocurrency is withdrawn to the levels of 57 thousand dollars, many altcoins have double-digit declines. The steady decline in Bitcoin since the beginning of the week deepened as the week ended. The total market capitalization of cryptocurrencies has declined from $2 trillion to $126 billion today to $1 trillion 975 billion. $150 billion was deleted in just a few hours. The loss, which has been seen in market value since the beginning of the week, reached 500 billion dollars. It is estimated that there is multiple factors behind the declines. Friday's employment data had fueled fears of recessions in the U.S. economy. After that, significant losses were recorded in major indices such as the S&P 500, Nasdaq, and the cryptocurrency market took its share of it. It is considered that the other feet of the falls are the geopolitical tensions, as well as the chances of Trump winning the election begin to decline. In addition to all this, Jump Crypto's transactions may have hit the market. Jump Crypto, the crypto subsidiary of Jump Trading, which specializes in algorithmic trading, has transferred over $400 million in ETH to exchanges in the last two weeks. “The reason for the crazy sales in crypto seems to be Jump Trading, which receives a margin call in traditional markets and therefore needs liquidity over the weekend or shuts down the crypto business for legal reasons,” says entrepreneur Julian Hoss According to ZeroHedge, the decline in the cryptocurrency market is the result of a large sell order issued by a time-set algorithm. The news noted that the same algorithm was activated during the opening of the U.S. exchanges in each of the last 7 trading days and was left open over the weekend. $BTC $ETH

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Why crypto currency market Down 🤔? The cryptocurrency market experienced a significant downturn on August 3, 2024, due to several key factors: 1. Regulatory Pressures: Increased regulatory scrutiny in major markets, including potential new regulations in the US and Europe, has spooked investors, leading to a sell-off. 2. Macroeconomic Concerns: Recent economic data points to a potential slowdown, causing investors to move away from riskier assets like cryptocurrencies. 3. Market Sentiment: A drop in trading volumes and negative sentiment have exacerbated the decline. 4. Liquidations: A wave of liquidations as investors sought to cut their losses further contributed to the downturn These combined factors have led to a sharp drop in cryptocurrency prices, affecting major coins and tokens across the board.

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Ultimele știri

Federal Reserve's September Rate Cut Probabilities Analyzed

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Asian Markets Open Higher On September 10

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Ethereum Scaling Solution T1 Protocol Secures $2.5 Million Pre-Seed Funding

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Metaplanet Announces Significant Increase In Bitcoin Holdings

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Grayscale and Bitwise Investment Flows Update

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