Analyst Tom Lee is "extremely bullish" on crypto for the next 12 months! He points to deleveraging in Oct last year and an upcoming 4-year cycle low next month as key drivers for a substantial upward trend. The market has seen a significant cleanup of excessive leverage, and with the cycle low approaching, expect significant price appreciation.
#crypto #blockchain #news
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USDC circulation dropped by ~200M in the past week (as of Sep 10). Circle issued ~6.7B & redeemed ~6.9B USDC. Total circulating supply is now 74.1B. Reserves backing USDC are ~$74.2B, including overnight reverse repos (~$48.5B), T-bills (<3mo, ~$17.1B), deposits with systemically important FIs (~$7.9B), & other bank deposits (~$700M). #USDC #Circle #crypto
Revolut confirms a data breach exposing sensitive customer info to a third party via a sophisticated impersonation scam. Fraudulent requests used a fake gov email. Revolut assures systems & funds are safe. Affected users are limited & have been contacted directly. Leaked data could include PII, ID copies, selfies, statements, & transaction history. This was a phishing attack, and Revolut is strengthening security. #Revolut #DataBreach #Cybersecurity
EMBER clarifies token distribution after Bubblemaps analysis. Bonk Guy refutes claims of "over 50% of the supply controlled by a single internal cluster."
Bubblemaps' analysis, which showed concentration, reportedly resulted from EMBER's flywheel mechanism using external owned accounts (EOAs) for distribution instead of smart contracts. A single EOA transferring tokens to multiple wallets led Bubblemaps to group these as a single network.
Bubblemaps suggested replacing the EOA with a smart contract. Bonk Guy hopes developers adopt this and denies affiliation with the alleged cluster. The misinterpretation stems from EMBER's unique EOA distribution method.
#crypto #blockchain #news
π° Whale drops $4.4M USDC for 15.06M $STONK tokens! π³ Address BS3YsB bought at an average of $0.295/STONK. Big move for the token! #crypto #STONK #whaletrade
Point Farm Capital ($PFC) reports a $10M unrealized gain on $STONK trades. They invested 1M USDC for 37.21M $STONK tokens, valued at $21M initially. $STONK market cap now $240M, yielding a $10M paper profit.
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NASDAQ: NIVF reports 2025 crypto trading. Sold 146k XRP for ~$10.8k profit. Minor BTC/ETH trades. Holds ~13k SOL, resulting in an unrealized loss of ~$1.28M. Highlights crypto market volatility: XRP gains vs. SOL losses.
#crypto #blockchain #news #BTC #Bitcoin
π¨ 45 iOS crypto wallets flagged for severe security risks by BlueWallet CTO! An audit of 904 non-custodial wallets found 23 with potential severe risks & 22 with high risks. Issues include private key uploads, poor randomness, server-side storage, hardcoded keys & unsigned JS. BlueWallet cautions this isn't exhaustive & vigilance is key for managing digital assets. #cryptosecurity #nostr #bitcoin #ethereum #blockchain
Grayscale is seeking SEC approval to convert its Litecoin Trust into an ETF, aiming to list it on NYSE Arca under the ticker LTCN. This move signals Grayscale's commitment to making digital asset trusts more accessible to investors via the ETF structure. #crypto #ETF #Litecoin #Grayscale
OpenAI CEO Sam Altman: No IPO this year due to ongoing safety work. "Now is not the right time to go public. I donβt think it will be in 2026," he stated. Public anxiety over AI "doomsday scenarios" intensifies following warnings from ex-Anthropic employee. This announcement shifts IPO pressure onto competitor Anthropic and its CEO Dario Amodei, who recently called for a slowdown in AI development.
#crypto #blockchain #news
Cascade Crypto Brokerage Platform (formerly Perennial) is ceasing operations. Users can retrieve funds via an official link using Privy Home for login. The platform focused on a modern, 24/7, universally accessible global brokerage experience for 5 years. Efforts are underway to ensure asset recovery.
#crypto #blockchain #news
Loracle has offloaded its HYPE holdings for $8.68M, taking a $566.5K hit. This adds to a rough 30 days, with cumulative losses now at $28.64M after $16.57M in the last month alone. #Loracle #HYPE #crypto #losses
Solana Mobile user accounts affected by third-party email service breach. Brevo, Solana Mobile's marketing email provider, was compromised. Solana Mobile detected unauthorized access to their Brevo account & disabled it. Investigations ongoing w/ Brevo to determine full extent of data compromise. Solana Mobile states no emails were sent from their account due to the breach, to their knowledge. Reminder: Solana Mobile will NEVER ask for mnemonic phrases, private keys, or wallet recovery info.
#crypto #blockchain #news
Crypto market saw $188M in liquidations in 24 hrs. Long positions dominated losses ($157M), with shorts at $31.75M. BTC liquidations: $42.19M. ETH liquidations: $69.99M. Largest single liquidation was $10.21M on Binance (ETHUSDT). #crypto #bitcoin #ethereum #Nostr
Morgan Stanley initiates coverage on Coinbase with an "Equal-Weight" rating and $250 price target. This suggests ~43% upside from current $175. MS sees Coinbase as a key bridge between traditional finance and digital assets, praising its "everything exchange" strategy for services including stocks, commodities, prediction markets, pre-IPO, and tokenized assets. Infrastructure is bolstered by custody, financing, stablecoins, and the Base network. #Coinbase #MorganStanley #Crypto #Investing
Whale amassed $28.8M in $HYPE tokens over 2 weeks! π³ Address 0x3305 bought 358,609 $HYPE. #crypto #Nostr
πΊπΈ House Ways & Means Committee reviewing crypto tax rules Sept 16. Focus: taxing miners/stakers on token creation vs. sale, & extending stock wash-sale rules to digital assets. Bills: "Mining and Staking Clarity Act" (H.R. 9175) & "Bringing Tax Anti-Abuse Rules to Digital Assets Act" (H.R. 9172). #crypto #taxes #congress
USDC Treasury minted ~111M $USDC on Ethereum. Detected by Whale Alert 21:25 Beijing time.
#crypto #blockchain #news
Mexico busts illegal crypto mining ring in Tlaltizapan, Puebla. Authorities found 300 GPUs, 80 terminals, & 8 satellite dishes. Suspected power theft from a nearby hydroelectric station. This is the 4th such farm found in the region since early last year. Drug cartels may be behind it, showing increased sophistication & funding. Illicit sites often exploit low electricity prices or organized crime influence for power theft. #cryptomining #Mexico #powerthief #organizedcrime
Morgan Stanley ups Bitcoin holdings, now over 7,800 BTC! π
Firm's spot Bitcoin ETF (MSBT) acquired ~203 BTC for $15.81M over 3 days, pushing total holdings to 7,855 BTC. Portfolio value now exceeds $600M. #Bitcoin #MSBT #Crypto