Crypto Whales 🐋💰

❌Two major crypto hacks in one day - $40 million in losses. First, hackers breached the DeFi protocol of UwU Lend for $20 million. Attackers withdrew WBTC and DAI and then converted them to ETH. Now UK cryptocurrency exchange Lykke has been hacked for $22 million. ⏺Crypto_Whales🚀

The average profit of crypto investors in 2023 was $800. CoinLedger analysts compared about 500,000 market participants from the United States, Australia, Canada, and other countries. They found that, on average, cryptocurrency investors made $888 per person in 2023, which is amazing since investors lost $7,102 in 2022, taking into account the collapse of FTX, of course. If FTX hadn’t, the losses would have been lower. The report reveals that the most unpopular cryptocurrency was Ether (ETH). Crypto investors got rid of it most often. Solana (SOL), Bitcoin (BTC), BNB, and Polygon (MATIC) were also in the top five. And Bitcoin is the least frequently sold. Also, analysts named Coinbase the most popular CEX by number of transactions in 2023, but in reality, this is probably not true because most of the respondents live in the United States, where Coinbase is the leader. ⏺Crypto_Whales🚀

🖤 BlackRock already has more than 300 thousand BTC worth $21 billion on its balance sheet. BlackRock ETF (IBIT) is the absolute record holder among all ETFs. The closest competitor is the JPMorgan Equity Premium Income ETF, which has accumulated $20 billion in 985 days (7 times longer than BlackRock). ⏺Crypto_Whales🚀

🔥 Blackrock seeded their #Bitcoin🥇  ETF with $100k before launch. 🔥🔥 Blackrock seeding their #ETH🔵 ETF with $10m before launch. ⏺Crypto_Whales🚀

Experts have restored access to a cryptocurrency wallet with $3 million worth of bitcoins Experts helped an investor recover the password to a cryptocurrency wallet that held 43.6 BTC. The man created a cryptocurrency wallet in 2013 and generated a 20-digit password using the RoboForm app. He stored the password encrypted, but when the file became corrupted, he lost access to the assets. Nearly 10 years after the incident, the investor sought help from hacker Joe Grand, who discovered a vulnerability in RoboForm and matched the password to the cryptocurrency wallet, restoring access to $3 million. ⏺Crypto_Whales🚀

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Crypto Speak: Mining for compliments This isn’t a technical term, but “mining for compliments” is when someone actively demonstrates their successes or achievements in cryptocurrencies, hoping for positive reactions and praise from others. In other words, it’s crypto’s version of fishing for compliments. This can be anything from a successful trade to successfully launching your own blockchain project. There is nothing wrong with this, but we should keep in mind that modesty is a better look on crypto enthusiasts 😅 ⏺Crypto_Whales🚀

💎notcoin to the moon✈️💸💸 ⏺Crypto_Whales🚀

Crypto speak: Down bad Someone who says they’re “down bad” means they’ve lost a significant amount because of market volatility. However, being down bad is not as bad as getting rekt. ⏺Crypto_Whales🚀

🌱What is Yield Farming? Yield farming, also known as liquidity mining, is a lucrative practice in the cryptocurrency space where users provide liquidity to decentralized finance (DeFi) protocols in exchange for rewards. By locking up their crypto assets in a smart contract, users facilitate trading on decentralized exchanges or lending platforms, earning additional tokens or a percentage of transaction fees. Example: One provides liquidity to a DeFi protocol by locking up their Ethereum, earning 5% annual interest in the form of additional tokens. This passive income stream allows them to grow their crypto wealth without actively trading. Yield farming offers a unique opportunity to earn passive income and contribute to the DeFi ecosystem. However, it's crucial to carefully assess the risks and rewards associated with each protocol to ensure a successful harvest. ⏺Crypto_Whales🚀