Crypto News & Update

BREAKING: 🇺🇸 National debt surpasses $34 trillion for the first time ever. twitter.com/i/web/status/1742297216729874491 @ftucrypto

💰 Bitcoin  went from $16K to $45K, while banks are supposedly not printing. But If you look at how much money is going into the banking system or interest payments on govt debt, it’s very stimulative, and that’s what BTC  is telling us." says BitMEX founder Arthur Hayes 📈[] @ftucrypto

JUST IN: Jim Cramer says you can't kill Bitcoin and it's here to stay. @ftucrypto

💰 Bitcoin transaction fees soared to $100M this week, surpassing all other blockchain networks. The growth in transaction fees incentivizes miners to deploy new ASICs and likely contributed to the record hash rate increase seen in 2023. 📈[] @ftucrypto

Crypto speak: Astroturfing This term is not exclusive to the realm of cryptocurrency; however, it does appear frequently in the blockchain space. “Astroturfing” is the practice of promoting a product or service—e.g., an NFT or ICO—without disclosing personal interest. Celebrities such as Steven Seagal and Floyd Mayweather Jr. have been fined by the U.S. Securities and Exchange Commission in the past for “astroturfing” ICOs. This means they mentioned the coins on their blogs and resources but failed to disclose that they were getting paid to advertise the product. 📈[] @ftucrypto

Dec 6 2023 JP Morgan's CEO Jamie Dimon said that if he'd "shut down" crypto and Bitcoin. Dec 29th 2023 BlackRock names JP Morgan as an Authorized Participant for its imminent spot Bitcoin ETF. Conclusion Watch what they do, not what they say. 📈[] @ftucrypto

BREAKING: $45,000 Bitcoin @ftucrypto

JUST IN: Galaxy CEO & Spot Bitcoin ETF applicant says "Big Things Coming." @ftucrypto

JUST IN: 🇺🇸 California becomes first US state to offer health insurance to all illegal migrants, costing taxpayers $3.1 billion per year. @ftucrypto

💰 Bitcoin is the only assest which is pure, digital and limited in quantity. There is no second best. 📈[] @ftucrypto

🚀 Crypto Market Update: Arthur Hayes' Strategic Moves 📉📈 🌟 Big Moves in the Crypto World! 🌟 Arthur Hayes, the visionary founder of BitMEX, recently made some bold moves in the cryptocurrency market. His address was active, engaging in significant trades through Wintermute. Here's a breakdown: - Sold Off: Hayes parted ways with ENS, FXS, and LOOKS tokens. - Financial Impact: This resulted in a staggering loss of over $5 million, with each token experiencing a decline of over 50%. - Strategic Buys: Not deterred, Hayes switched gears and invested in ETH, GMX, and PENDLE. - Top Holder Alert: Hayes now holds a dominant position in GMX, owning 233,000 GMX, valued at a cool $12 million! Stay tuned for more updates and analyses on these intriguing crypto maneuvers! 💹🔍 📈[] @ftucrypto

How does crypto get stolen? 3 popular schemes When markets rise, scammers come to life. Let’s discuss the three most popular cryptocurrency theft schemes over the next three days. Scheme #1: Virus file You download and run a file containing a virus that finds your saved cryptocurrency wallet passwords on your PC and transfers them to scammers. Previously, for such a scam, they offered to install a fake cryptocurrency wallet update or other software. Now scammers have gone further and, through Discord or Telegram, invite you to participate in testing a new crypto product and get tokens for it. And to those who agree, they send a file of about 800MB and ask to run it. How to protect yourself: Do not download or run files from dubious sources. Earning some tokens by testing unknown projects can cost you all your crypto. 📈[] @ftucrypto

[ Альбом ] Sam Bankman-Fried's $100 Million Donation from Allegedly Stolen Funds Sparks Legal Controversy In a remarkable turn of events, Sam Bankman-Fried, a prominent figure in the financial world, has become the center of a controversial case involving a hefty sum of $100 million donated to US politicians 🏛. This amount is allegedly sourced from stolen customer funds, raising eyebrows in both financial and political circles. Adding to the complexity, the US Government recently announced a significant decision: six charges against Bankman-Fried have been dropped, and he will not face prosecution for any political campaign finance violations 🤔. This surprising legal move has ignited a flurry of discussions and speculations, casting a spotlight on the intricacies of campaign finance and legal accountability in high-profile cases ⚖️. 📈[] @ftucrypto

2023 Recap: • US judge rules XRP is not a security. • $10 trillion asset manager BlackRock officially files for a Spot Bitcoin & Ethereum ETF. • BlackRock CEO says crypto is digital gold and "Bitcoin is an international asset." • Sam Bankman-Fried found guilty on all charges. • Elon Musk tells advertisers who are trying to blackmail him to "go fu*k yourself." • Russia to use Chinese yuan instead of US dollars to settle trade with Asia, Africa, & Latin America. • FED Chair Jerome Powell says "crypto appears to have staying power as an asset class." • Changpeng Zhao (CZ) resigns as Binance CEO. • Coinbase relists Ripple XRP. • Chinese Yuan overtakes US dollar as most-used currency in China's cross-border transactions for the first time in history. • Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar. • Argentina President Javier Milei plans to replace the peso with the US Dollar and shut down the central bank. • Turkish crypto exchange CEO sentenced to 11,196 years in prison for stealing $2 billion in customer funds. • SEC drops lawsuit against Ripple XRP executives. • Crypto asset manager Grayscale wins lawsuit against SEC. • Coinbase sues the SEC, seeking regulatory clarity for the crypto industry. • El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations. • Hong Kong court recognizes cryptocurrencies as property. • Chinese property giant Evergrande files for bankruptcy. • Terra founder Do Kwon arrested in Montenegro. • US Government arrests SafeMoon founders John Karony, Kyle Nagy & Thomas Smith. • BlackRock names JPMorgan as an authorized participant for its Spot Bitcoin ETF. • UK Government plans to establish new digital asset legislation and make the country a crypto hub. @ftucrypto

BREAKING 💥 VanEck has just entered the Bitcoin advertising race in anticipation of a Bitcoin Spot ETF approval❗️ “Born to Bitcoin.” 🤯🤯🤯 📈[] @ftucrypto

📊 Bitcoin Market Movement Summary 📉 - Significant Outflow: Over 28,000 BTC, valued at approximately $1.19 billion, was withdrawn from centralized exchanges in a single day, marking the largest outflow since December 14, 2022. - Major Exchange Activity: Coinbase alone reported an outflow of over 18,000 BTC, suggesting possible institutional moves, especially with the expected ETF launch in early January. - Reduced Exchange Holdings: The overall BTC balance on centralized exchanges dropped to about 2,327,025 BTC, the lowest since April 2018, indicating a decrease in supply-side pressure on exchanges. - Current Price Status: Bitcoin is trading around $42,700, showing a significant increase of 158% on a year-to-date basis. 🔍 Implications: This trend reflects a growing investor preference for long-term holding and taking direct custody of their bitcoins 📈[] @ftucrypto

Crypto Speak: PFP (profile picture) “PFPs” are NFT images that are used as avatars on social media. Yes, they’ve lost their popularity now, but then again, in the new bull cycle, it’s likely that all of us will start actively using unique PFPs. 📈[] @ftucrypto

💰 Bitcoin  ⛏ mining company Marathon Digital is the most traded stock in the last 24 hours, with 💵 $327M in trading volume, surpassing Tesla, Apple and Amazon 🙌 📈[] @ftucrypto