Beware Huobi/HTX

Beware Chinese sites and HUOBI / HTX

Scope of the Theft

Over 40,000 user mnemonics and private keys were stolen

More than 27,000 mnemonics and 10,000 private keys were collected

Over 19,000 digital wallet addresses were compromised

Shanghai Prosecutors Reveal Details of Former Huobi Employee’s Trojan Horse Incident link

According to a report by The Paper, on August 30, the Xuhui District People’s Procuratorate in Shanghai released a briefing on crimes related to virtual currencies, detailing a case involving former Huobi employees who planted malware to steal users’ private keys.

In March 2023, Liu, Zhang, and Dong conspired to illegally obtain others’ digital wallet private keys and seed phrases by embedding a “backdoor” into an app package. This backdoor collected users’ private keys, seed phrases, and IP addresses, which were then uploaded to a pre-established VPS backend server’s database and later downloaded to a local server.

Liu was responsible for writing the code that requested the upload of users’ private keys, seed phrases, IP addresses, and connecting to the VPS server. Zhang was tasked with setting up the VPS server and database to manage and store the uploaded data, linking the domain name to the VPS server’s IP, and downloading the stolen data. Dong handled the purchase of the domain name from the service provider and implemented the RSA encryption logic.

An investigation revealed that the trio illegally obtained 27,622 seed phrases and 10,203 private keys (after deduplication). These seed phrases and private keys were successfully parsed into 19,487 unique digital wallet addresses.

Adam and Eve on BTC 👀

#Bitcoin - plan for next few months

BTC ETF Will Have a Big Day Today

Things are looking real good and Blackrock and Fidelity are not even on the books yet.

Hedge Funds are at the second highest short level ever.

Why? 3 potential reasons:

Hedge funds might short ETH if they expect a broader downturn in the cryptocurrency market.

Ethereum faces competition from other blockchain platforms, such as Solana.

In some cases, hedge funds may short ETH with the intention of influencing market prices downward, creating panic selling, and then covering their shorts at a lower price.

PS Hedge Funds don't always get it right.

Global Liquidity Mapped to Bitcoin

Here is a chart of global equity built out on trading view mapped out to bitcoin price. The correlation is pretty stunning.

Liquidity is going higher.... so is Bitcoin

🚨 BREAKING 🚨

SOMEONE BOUGHT 4500 BITCOIN
WORTH $301 MILLION ON BINANCE.
WHILE RETAIL PANICKED, WHALES
BOUGHT THE DIP AGAIN.

$2B worth of US Silk Road #Bitcoin just moved on-chain!

Mr 100 Dumps 2.8% of their bag

Mr100 just dumped 2,020 #Bitcoin (2.8% of their stash)... Did they know something about the US moving part of the Silk Road stash? 👀

You decide …. I have given you the chart in the weekly!!!!

SOL DOM hits new ATH of 3.66%

This is interesting because if the CMC hits $10T

SOL theoretically could hit $816 if it mintains the same DOM level .

Key word: THEORETICALLY!!’

So this wanna be TA guy( Binance content creator) has been calling for a dump for months now to 40k . I’ve confronted him via replies and now this is what he does😂

Don’t take advice from random people.

Best to put in the countless hours , grinding to learn all there is in this “ game” to make life changing money.

I have fortunately achieved that with countless sleepless nights studying, researching and back testing my strategies.

There are no shortcuts in life for the ultimate success, being the freedom of time .

Learn the SKILL and set your self free from the MATRIX !!!

Keep working at it, it will pay off in a big way in time !

Dem Pivot 2.0

Cryptocurrency benefits both America and the world, warranting bipartisan support.

The breaking news is an increasing number of Democratic Party members are advocating for a pro-crypto stance and innovation.

Yesterday, 15 members issued a statement demanding the following 4 items w a CC to Harris

#3 get rid of Gensler - does not look goof for Warren either.
Full docs here

Semler: Let the game theory begin
Semler Scientific has filed with the SEC to raise $150M to snag more Bitcoin.
They've already purchased $58M worth of $BTC.

This follows the MicroStrategy playbook
There will be a lot more of these following driving up Bitcoin Hardness/Scarcity IMHO.

Franklin Templeton Stacking Solana

Franklin Templeton, a global investment firm managing over $1.6 trillion in assets, has expressed significant interest in Solana, a high-performance blockchain platform.

The company's digital assets team has highlighted Solana's technological advancements and its potential in the cryptocurrency market.

In addition SOL is now the 4th largest crypto surpassing Binance BNB

SOL vs ETH + L2s

This comparison above demonstrates:

Higher Capital Efficiency: $2.81 per $1 of TVL compared to $0.30 for Ethereum and its L2s.

Significant Trading Volume: Solana’s volume is 40% of Ethereum and its L2s combined.

Lower FDV: Solana’s FDV is much lower than that of Ethereum and its L2s, suggesting potential undervaluation.

Capital efficiency is a measure of how effectively the capital locked in the blockchain is being utilized. It is calculated as the ratio of 7-day DEX volume to TVL.

Solana: $2.81 volume per $1 of TVL
Ethereum: $0.20 volume per $1 of TVL
Total (Ethereum + L2s): $0.30 volume per $1 of TVL.

Solana’s capital efficiency is significantly higher than Ethereum and its L2s. This means that for every dollar locked in Solana, it generates $2.81 in trading volume, compared to only $0.30 for Ethereum and its L2s.

Volume and FDV Comparison
Volume: Solana’s trading volume represents 40% of the combined volume of Ethereum and its L2s.

FDV: Ethereum and its L2s have a combined FDV that is approximately 4.39 times larger than Solana’s FDV.

Not only a far faster horse, but also far cheaper .

New Record for all Chains

Solana's Weekly Active Addresses hit 10 million, a new all-time high.

As I say BLACK HOLE SOL!

Now to get to 100M WAUsers

Monster Democratic Crypto Pivot in the making

It all began today with Mark Cuban receiving inquiries from Kamala Harris's team about cryptocurrency.

"I'm getting multiple questions from her camp about crypto," he mentioned on Tuesday. "So I take that as a good sign."

Next, rumors surfaced that Gary Gensler might step down by the end of the year. Could this signal a shift from the anti-crypto stance championed by figures like Elizabeth Warren to a more pro-crypto approach?
Maybe the Dems see that pivot might aim to win over the 55 million crypto enthusiasts in the USA.

Then, @MetaLawMan weighed in on the situation:

And finally the# Bitcoin 2024

Conference.... attend or die? Kamala wants in.

My "Embrace or Die" game theory is really playing out.

As I called it weeks ago : BIDEN QUIT!!!

BYE BYE BIDEN…
NEXT TIME SHOOT ON TARGET 🎯

🚨 RUMOUR 🚨

BLACKROCK CEO LARRY FINK
COULD BECOME TREASURY
SECRETARY IN THE TRUMP ADMINISTRATION.

NO ONE IS PREPARED FOR THE
BULLISH RUN IF THIS HAPPENS 🔥