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$BTC 🚨 Crypto Community Alert: BlockTower Capital Hacked! 🚨 What Happened? BlockTower Capital, a major player with $1.7 billion in assets, faced a severe security breach. Hackers infiltrated their main hedge fund, leading to significant financial losses. Current Status: Blockchain experts are on the case, unraveling the hack’s mechanics. Communication: Partners have been briefed, but public statements remain on hold. Wider Implications: This incident adds to the alarming $1.7 billion stolen from crypto entities last year. It’s a stark reminder of the persistent security challenges in the crypto space. About BlockTower: Established in 2017, with roots in Miami and New York, BlockTower has backed industry giants like Dapper Labs and Sky Mavis. Not Their First Rodeo: Previously, BlockTower had to shut down a $100 million “market-neutral” fund amidst a strategy dry-up. Stay Vigilant! This hack underscores the importance of robust security measures and due diligence in the crypto world.
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$BTC 📈 Today’s Big Event: US CPI Data Release! 📉 Time: 12:30 PM UTC (6:00 PM IST) Forecasts Predict: Core CPI: Expected to rise by +0.30% in April, bringing the annual rate down to 3.6% from March’s 3.8%.Headline CPI: Anticipated increase of +0.37% in April, with the yearly rate potentially dropping to 3.4% from 3.5%. 🚨 Crypto Traders Alert! High volatility expected in #Bitcoin and #Crypto markets. 🚨 What’s your take on the upcoming US CPI 👍inflation figures? Previous: 3.5% Y/Y Estimate: 3.4% Y/Y ⚠️ Trade with Caution! Avoid overleveraging and ensure you have a robust strategy. Today’s data could heavily influence #FED decisions and sway market trends. ⚠️
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A Week Packed with Market-Moving Data! Prepare for a whirlwind week in the financial markets, as we anticipate a series of key events that could sway investor sentiment and market dynamics: Tuesday’s Spotlight: The release of the April Producer Price Index (PPI) Inflation data will provide insights into wholesale price trends, followed by a much-awaited speech from Federal Reserve Chair Jerome Powell. His remarks could hint at future monetary policy shifts. Midweek Market Movers: Wednesday brings us the Consumer Price Index (CPI) Inflation data for April, a critical gauge of consumer-level inflation. This will be coupled with the latest figures on Retail Sales, offering a snapshot of consumer spending health. Manufacturing and More: The Philadelphia Fed Manufacturing Index on Thursday will shed light on the manufacturing sector’s performance. Additionally, brace yourself for a packed schedule with a total of 12 Federal Reserve speaker events throughout the week. Stay tuned as we navigate through these pivotal developments, ready to analyze their implications for traders and investors alike. As always, stay safe my friends!
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$BTC BIG BREAKING NEWS Wells Fargo (3rd largest US bank) has entered the BTC ETF arena. 2nd breaking news JPMorgan also has a spot etf brewing according to SEC filings.💪
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12 dead chains that wont go up as much as $BTC or worst case go down in value. If you are not near your all time high more then half way through the bull you are in trouble. None of these chains will revolutionize anything going forward. 1. Ripple ( #XRP ): Distance from ATH 85%, value per active user 1 million dollar. Fully diluted market cap of $51.6 billion despite minimal utility or adoption. Ripple keeps dumping tokens on retail, 50b dollar in escrow dumping over time. 2. Cardano ( #ADA ): Fully diluted market cap per daily active user of $65,000, last 90 days -40% active users, fees gathered -60%. TPS below 10. 3. Bitcoin Cash ( #BCH ): Fully diluted market cap of $9 billion despite minimal utility or adoption, essentially being a clone of Bitcoin. 4. Litecoin ( #LTC ): Fully diluted market cap of nearly $7 billion despite minimal utility or adoption, often seen as a silver to Bitcoin's gold. 5. EOS ( #EOS ): 95% whale concentration, meaning a small number of people hold a large portion of the tokens, leading to potential manipulation. 6. Stellar ( #XLM ): 89% whale concentration, posing similar risks as EOS. 7. Theta ( #THETA ): Fully diluted market cap per daily active user of $1.67 million, indicating a high price for minimal active users. 8. Internet Computer Protocol ( #ICP ): Fully diluted market cap per daily active user of $1.5 million, similar to Theta. Fully diluted market cap per daily transaction of $518,000, again highlighting a high price for low usage. 9. Flow ( #FLOW ): Fully diluted market cap per daily transaction of $31,000, indicating a high price for minimal transaction volume. 10. Ethereum Classic ( #ETC ): This shoulnt even exist as it's essentially a less secure version of Ethereum. 11. Bitcoin SV ( #BSV ): 95% whale concentration, similar to EOS and XLM. Do not trust the youtubers find people that does not make you their product, people that have already made their money! Feel free to comment and ill answer in more detail why your chain is useless.
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