CryptoBuzz Posts

Crypto Phishing Flaws Exposed in Litecoin, Others X Account Hack 🐝 ~ ~ Recent security breaches on X (formerly Twitter) have targeted prominent crypto accounts, enabling hackers to promote fake cryptocurrencies. Notably, Litecoin’s official account was compromised, leading to unauthorized posts about fraudulent tokens. Though quickly deleted, investigations are ongoing. Other organizations, like Foresight Ventures and Aiccelerate, also faced similar disruptions, with hackers promoting a token called MingAI and freezing Aiccelerate’s account. Research indicates that phishing attacks surged in 2024, causing over $500 million in losses across more than 330,000 crypto wallets, primarily due to impersonation accounts directing users to malicious sites. @CryptoBuzzPosts 🐝 ~ ~

Do Kwon’s Terra Trial Set for 2026—Here’s What You Need to Know 🐝 ~ ~ The trial of Do Kwon, co-founder of Terraform Labs, is set for January 26, 2026, in New York, where he faces charges including fraud and conspiracy related to the $40 billion collapse of the TerraUSD (UST) stablecoin and LUNA token in 2022. Kwon, who has pleaded not guilty, is accused of manipulating markets and misrepresenting product stability. He is currently detained and could face up to 130 years in prison if convicted. The collapse of the Terra ecosystem, triggered by a UST selloff, severely impacted the crypto market and led to greater scrutiny of decentralized finance and algorithmic stablecoins. @CryptoBuzzPosts 🐝 ~ ~

SHIB Burns Jump 300% but SHIB Army Demands Much Bigger Burns 🐝 ~ ~ The SHIB community has recently seen a significant surge in the burning of Shiba Inu coins, with a reported 300% increase in the burn rate over the last 24 hours, totaling 24,609,003 SHIB burned. The community is actively engaging in discussions about accelerating burns, with polls suggesting potential reductions of 30% to 90% of the circulating supply. However, the SHIB team clarified that they lack direct control over the supply and can only facilitate burns by enhancing Shibarium utility to increase the destruction of SHIB through transaction fees. Currently, approximately 584 trillion SHIB are still circulating. @CryptoBuzzPosts 🐝 ~ ~

Ethereum Sees $1.4 Billion In Exchange Outflows This Week – Strong Accumulation Trend? 🐝 ~ ~ Ethereum has started the year with a 15% decline, reaching a low of $3,157 amidst market volatility. Despite this, on-chain data indicates strong investor sentiment, with recent net outflows from exchanges exceeding $1.4 billion, reflecting increased accumulation. Consequently, confidence in Ethereum’s long-term potential remains robust. Currently trading around $3,250, Ethereum faces resistance at $3,300, crucial for initiating a recovery. Maintaining above the $3,100 support level is essential to avoiding further downside. Analysts watch these price movements closely, as future trends may significantly impact Ethereum’s trajectory into 2025, especially considering historical bullish patterns post-halving. @CryptoBuzzPosts 🐝 ~ ~

Ripple & Tron dominate, but this new altcoin could be the real gem to surge by Q1 2025 🐝 ~ ~ Ripple (XRP) and Tron (TRX) are currently leading the crypto market, with XRP’s price surging nearly 400% after a presidential vote, making it the third-largest cryptocurrency. Tron also saw a notable 93% increase, boosting its role in decentralized applications. Meanwhile, Lightchain AI is emerging as a new contender, having raised $8.5 million in its presale at $0.004875 per token. With a mainnet launch planned for March 2025, Lightchain AI aims to address scalability and privacy issues, positioning itself as a transformative force in the blockchain space and attracting investor interest with its innovative solutions. @CryptoBuzzPosts 🐝 ~ ~

What Bitcoin’s short-term recovery means for XRP, Dogecoin, and Solana? 🐝 ~ ~ Bitcoin (BTC) experienced a nearly 10% drop, leading to a market-wide sell-off, but found temporary support above $91,000. This situation benefitted altcoins like XRP, Dogecoin (DOGE), and Solana (SOL), which showed signs of recovery. XRP, facing a potential bullish breakout to $3.4, held up better than others, while DOGE is testing a crucial trendline support with $0.30 as a critical level. Solana rebounded from December demand levels but needs to rise above trendline resistance for further gains. The overall market recovery depends on BTC’s dominance, which could jeopardize altcoin rebounds. @CryptoBuzzPosts 🐝 ~ ~

US regulator proposes rule to hold crypto wallets accountable in hacks 🐝 ~ ~ On January 10, the Consumer Financial Protection Bureau (CFPB) proposed a rule that could extend Electronic Fund Transfer Act (EFTA) protections to crypto wallets, likely making them liable for losses from hacks and unauthorized transactions. The proposal aims to align protections for digital payments with those of traditional banking, allowing users to dispute unauthorized transfers. However, skeptics like lawyer Bill Hughes argue it represents overreach, as wallet providers would bear responsibility even for user negligence. He warns that this may burden providers with compliance requirements, potentially stifling innovation in the crypto space. Public comments on the proposal will be accepted until March 31, 2025. @CryptoBuzzPosts 🐝 ~ ~

US gov has to follow a ‘strict process’ before unloading $6.5B of bitcoin 🐝 ~ ~ Aidan Larkin from Asset Reality addressed concerns about the U.S. government’s bitcoin seizure during the Empire Roundup, emphasizing that there’s no need to panic. The recent court approval for civil forfeiture follows standard procedures and doesn’t imply immediate sales. There will be a detailed process, including hearings and a transition to public domain, before any bitcoin is sold. Speculations about the potential selling pressure should focus on market actions, not government plans. Additionally, it’s unlikely the U.S. will treat seized bitcoin as a strategic reserve, as it prefers cleaner sources, like newly mined bitcoin. @CryptoBuzzPosts 🐝 ~ ~

CleanSpark Hits 10,000 BTC in Treasury from US Operations 🐝 ~ ~ CleanSpark, a US Bitcoin miner, achieved a significant milestone in January by surpassing 10,000 Bitcoin in its treasury, all sourced from domestic operations. This represents a 236% increase year-over-year. CEO Zach Bradford credited their success to efficient scaling and commitment to sustainable growth. In December alone, CleanSpark produced 668 Bitcoin, bringing its total for 2024 to 7,024 Bitcoin. The company also expanded operations into Mississippi, Tennessee, and Wyoming. Despite a recent decline in Bitcoin prices, leading to reduced miner revenues, CleanSpark aims to reach a hash rate of 50 EH/s by mid-2025 to strengthen its industry position. @CryptoBuzzPosts 🐝 ~ ~

Just One Wallet Owns Close to $10 Billion Worth of Dogecoin (DOGE) 🐝 ~ ~ Analyst Conor Grogan highlights that a single Robinhood wallet holds $9.3 billion in Dogecoin (DOGE), part of a total market cap of $46 billion. Dogecoin has been popular among Robinhood users and significantly contributed to the platform’s revenue during its 2021 surge fueled by social media buzz from Elon Musk and others. In late 2024, Robinhood began supporting DOGE transfers in the EU. The platform also holds about a third of DOGE’s circulating supply. Speculation points to Elon Musk as the largest holder, though the actual number of tokens he owns remains unclear. Currently, DOGE trades at $0.316. @CryptoBuzzPosts 🐝 ~ ~

The 5 Best Crypto To Buy as DOJ Prepares to Sell $6.5B Bitcoin 🐝 ~ ~ Bitcoin recently experienced significant fluctuations, surpassing $100K in early December but dropping to around $98K after the U.S. Department of Justice announced it would sell 69,370 BTC, impacting its price which fell to $93K. This Bitcoin was seized from the Silk Road marketplace, associated with illegal activities. Meanwhile, altcoins like Wall Street Pepe ($WEPE), Solaxy ($SOLX), and Pudgy Penguins ($PENGU) are gaining attention as potential investment options during Bitcoin’s volatility. With various presales seeing impressive funding, investors are encouraged to explore alternative cryptocurrencies while navigating the uncertain market conditions. @CryptoBuzzPosts 🐝 ~ ~

Mastercard brings p2p aliases for crypto transfers in UAE, Kazakhstan: report 🐝 ~ ~ Mastercard has launched its Crypto Credential solution in the UAE and Kazakhstan, marking its entry into the EEMEA region. This service simplifies crypto transfers by allowing users to send and receive tokens using easy aliases instead of complex blockchain addresses. It aims to enhance blockchain transaction efficiency for exchanges like ATAIX Eurasia, Intebix, and CoinMENA, as well as digital asset provider Fuze. Gaurang Shah, Mastercard’s EVP for core payments in the region, emphasized the company’s commitment to making crypto more accessible and secure. Introduced in 2023, the solution also seeks to verify user identities in transactions. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin Dips Below $95K, RUNE and INJ Drop 11% 🐝 ~ ~ The crypto market remains bearish as Bitcoin dropped below $95K, with major altcoins following suit. The overall market fell by 2%, bringing the total cap to $3.33 trillion, though trading volume increased by 4% to $168 billion. Key players include Bitcoin down 3% at $94,390 and Ethereum at $3,325, seeing ETF outflows of $458 million and $159 million, respectively. XRP was the only top coin to gain, rising 0.4%. In contrast, THORChain and Injective plummeted 11%. With declining prices and significant outflows, the market sentiment remains negative. @CryptoBuzzPosts 🐝 ~ ~

Assessing where Bitcoin’s cycle top lies – Is $160K on the cards? 🐝 ~ ~ Despite a recent pullback in Bitcoin’s price, market sentiment remains greedy, indicating potential for growth. At press time, Bitcoin (BTC) was trading at $95.1k, having fallen 5.2% from $102.2k following a positive U.S. economic report. The Bitcoin Price Temperature suggests a target of over $160k, as it currently sits below significant moving averages. Various indicators, such as the Rainbow Chart and Pi Cycle Top, attempt to pinpoint market tops, while on-chain metrics like the Puell Multiple offer buy/sell signals. Currently, Bitcoin is expected to reach at least $158k before approaching a cycle top. @CryptoBuzzPosts 🐝 ~ ~

South Korea’s crypto market poised for change with new institutional guidelines 🐝 ~ ~ South Korea is set to ease crypto trading restrictions for institutional investors, marking a shift in its digital asset regulation. The Financial Services Commission (FSC) plans phased changes to allow institutional participation, currently limited mostly to verified retail investors. The FSC will collaborate with the Digital Asset Committee, beginning with access for non-profits. Upcoming reforms include updating the Virtual Asset User Protection Act for crypto listing standards and operational guidelines for exchanges. Additionally, the FSC intends to revise the Special Financial Transactions Act to evaluate crypto exchange shareholders. These initiatives also aim to promote spot-based crypto exchange-traded funds (ETFs) in the country. @CryptoBuzzPosts 🐝 ~ ~

Backpack acquires FTX EU and its 110K former users 🐝 ~ ~ Backpack, a crypto wallet and exchange favored by Solana users, has acquired FTX EU for $32.7 million. This purchase provides Backpack access to over 110,000 former FTX EU users and its European regulatory license for trading popular perpetual futures. CEO Armani Ferrante emphasized the aim to expedite fund distribution for waiting customers. Although the acquisition may seem surprising, it enables Backpack to access a significant market, as compliant crypto perpetual futures offerings are currently lacking in Europe. The deal reflects Backpack’s ongoing connection to FTX, with former FTX employees involved in the company’s leadership. @CryptoBuzzPosts 🐝 ~ ~

Major Advantage for the Exchange 🐝 ~ ~ A US judge has paused the Coinbase vs. SEC case, allowing Coinbase to appeal whether digital assets on its platform qualify as securities under the Howey test. The appeal is critical as it could influence the oversight of the crypto industry. Judge Katherine Polk Failla supported Coinbase’s position, stating the legal question has substantial grounds for differing opinions. This case, initiated by the SEC in 2023, comes amid a potential policy shift under the incoming Trump administration, which might deprioritize crypto enforcement actions. Additionally, Coinbase recently gained a license from New York regulators, reinforcing its regulatory position. @CryptoBuzzPosts 🐝 ~ ~

Judge Freezes SEC Lawsuit Against Coinbase Amid ‘Conflicting’ Crypto Rulings 🐝 ~ ~ A federal judge has paused the SEC’s lawsuit against Coinbase, awaiting an appeals court’s review. Judge Katherine Failla emphasized the varying interpretations of crypto legality across U.S. courts, viewing it as a novel legal issue. Her ruling challenges the SEC’s long-held belief that most crypto assets violate securities laws. Failla characterized the application of the Howey Test, which determines security status, as unsettled for crypto. The Second Circuit Court of Appeals will now decide on the SEC’s case. Legal experts view this as a pivotal moment for the crypto industry, potentially leading to significant regulatory changes. @CryptoBuzzPosts 🐝 ~ ~

70,081,151 DOGE Stun World’s Largest Crypto Exchange, Here’s What’s Happening 🐝 ~ ~ Whale Alert has detected a substantial Dogecoin transfer worth over $27 million to Binance, initiated by a newly created wallet holding 70,081,151 DOGE. This wallet, having only four transactions to date, previously received nearly the same amount on January 6. Meanwhile, cryptocurrency analyst Ali Martinez has noted a sell signal on Dogecoin’s daily chart, predicting a potential price correction after a recent surge. As Dogecoin trades at $0.38 following a 2.51% decline, Bitcoin also rose 3.75% to regain the $100,000 level after MicroStrategy’s significant Bitcoin purchase, prompting humorous reactions from Dogecoin co-founder Billy Markus. @CryptoBuzzPosts 🐝 ~ ~

What Investors Need to Know Now 🐝 ~ ~ The cryptocurrency market, particularly Bitcoin, has experienced significant growth since January 2023, fueled by new investments and profit reinvestments. However, recent indicators suggest it may be nearing the end of its current cycle, with a predicted peak between Q1 and Q2 of 2025. While Bitcoin’s trading activity appears promising, caution is advised due to potential volatility and market corrections typically associated with late-stage bull cycles. On-chain data indicates a trend where increased short-term trading may lead to downward price pressure, while long-term holders stabilize the market. Currently, Bitcoin has regained momentum, trading above $101,000 after briefly dropping below $95,000. @CryptoBuzzPosts 🐝 ~ ~