For the first time in Bitcoin history, the balance of $BTC o | CryptoDante on Binance Square

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For the first time in Bitcoin history, the balance of $BTC on exchanges is declining during a bull run. This cycle is different. A MASSIVE SUPPLY SHOCK IS COMING📢 

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BTC

96,758.55

-4.80%

668

0

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How a Trading Bot Made $6.8M on Pump.fun Memecoins, What Strategy Did The Bot Use Traders are increasingly using bots to automate their strategies. On Monday, November 25, Lookonchain reported that one bot made substantial profits on Pump.fun. Over the past month, the bot made 27,000 SOL, or $6.8 million. For instance, on November 23, the bot invested 2 SOL to buy 57 million FATHA tokens. Soon after, the bot sold these tokens for 4,456 SOL, which is a 2,227x return. Just two days later, the bot bought 58.57 million FRIC tokens for 1.75 SOL. Later, the bot sold these tokens for 1,646 SOL, a 943x return. Bot’s trading patterns suggest that the strategy was a “SPRAY and PRAY” method. This means that the bot invested small individual amounts into a large number of projects. This strategy expects that these tokens will return outsized returns. The strategy relies on selecting small-cap tokens that have significant upside. These tokens are selected for their potential. While the exact criteria for selection is not known, it likely relies on some user engagement metrics. The strategy relies on a large failure rate for individual investments. Traders who use this strategy know that the vast majority of their investments will fail. They also know not to sell a winning token as soon as it goes up, as these tokens have to compensate for all the failed investments.

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Crypto Hack Weekly Report: Threat Analysis and Major Escalation of Hacks 1. First-Ever AI Poisoning Attack Targets Solana Wallet This was the first reported AI poisoning attack in the cryptocurrency space and the victim lost $2500 from the Solana wallet where he stored his digital currency. The user used ChatGPT to build a meme token sniping bot for the Solana-based platform called Pump.fun. However, the attacker locked the user’s profile and put the API link containing the backdoor in the conversation. the attackers were able to access the user’s private wallet keys. SOL, USDC, and several meme coins, which were stolen were transferred to a wallet that had over 281 other similar trades connected to it. 2. Phishing Scheme Nets $6.3 Million; DOJ Takes Action Five people associated with hacking groups 0ktapus and Scattered Spider have been indicted by the U.S. Department of Justice (DOJ). These groups coordinated different phishing scams aimed at gaining access to employees’ credentials of tech companies and cryptocurrency companies. The hackers took advantage and got around the organisation’s two-factor authentication, or 2FA, and made away with $ 6·3 m worth of cryptographic currency besides other information. 3. Polter Finance Loses $7 Million in DeFi ExploitThe decentralized finance DeFi platform based on the Fantom blockchain was targeted within a smart deal compromise and finished up losing $7 mln. The attacker used Tornado Cash, a privacy-based platform built on Ethereum to wash coins and switch them to the Fantom network and exploited Polter Finance vulnerabilities. To that end, Polter Finance suspended trading operations, sent out reports to cross-chain bridges regarding the unauthorized transfer of stolen assets and worked with authorities to track the involved addresses. This week’s events show the growing complexity of cyber threats aimed at cryptocurrencies and using AI, phishing, and DeFi weak spots. Though innovations such as AI and cross-chains are very accessible they come with lots of risks as well.

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So as I hoped buying momentum stepped in and stopped the massive dump to $94k... now if this momentum still holds and $95k serves as a strong support level then $BTC to $100k is imminent. so stack up your bags guys... its a road to 100k!

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Solana $SOL announced that Web3.js v2 will be released on DECEMBER 16th. 📢The new version aims to enhance performance and compatibility with existing projects. The price sitting ranging between at $265k and $250k. if price can break and close above $265k then massive buyers interest will set in anticipating the release of their web3 v2.

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Told you guys $BTC will fall to $97k if it fails to break the consolidation zone and if $96k doesn't hold.... $BTC will do a massive dump to $94k

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