U.S. attorneys seize $2.5M in cryptocurrency from an international “pig butchering” scam. Originating in Thailand, the scam targeted American victims through fake romance and crypto schemes. FBI and Thai Royal Police collaborate to hold criminals accountable. #CryptoScam
Prominent crypto detective ZachXBT exposes potential insider trading by the Worldcoin team ahead of a major token unlock. Research by top @Bybit_Official trader DefiSquared reveals price manipulation tactics and insider cash-outs, raising concerns about the project’s transparency. Nearly 25% of circulating WLD is held by Korean retail investors. #CryptoNews
A Degen Chain user lost 90% of his assets, worth 785,000 DEGEN, due to slippage from low liquidity during a cross-chain transaction to Base. Full refunds and service improvements announced. #CryptoSafety #DEGEN
Trump considers @JPMorgan CEO Jamie Dimon for Treasury Secretary, sparking crypto community disappointment due to Dimon’s anti-Bitcoin stance. Bitcoin ($BTC) surged to $66,000 amid market reactions and expectations of Fed rate cuts. #CryptoNews
Two Ethereum wallets from the ICO era moved 3,631 ETH to Kraken as the spot $ETH ETF approval nears. Wallet 0xdb3 sent 2,631 ETH, while 0xbf5 sent 1,000 ETH. This surge in activity has pushed $ETH prices to $3,500. Analysts foresee potential growth to $4,500.
Tokenized US Treasuries could hit $3B by 2024, driven by DeFi and DAOs. BlackRock’s BUIDL fund leads with $500M. Growth spans Ethereum, Polygon, Solana. #DeFi #CryptoNews
Hackers laundered $35M via Cambodian platform Huione after the DMM Bitcoin breach on May 30, 2024. Expert @zachxbt suspects the Lazarus Group’s involvement. Tether froze $28.2M of stolen funds on July 12. The breach underscores cryptocurrency security vulnerabilities. #CryptoSecurity
? The SEC has approved spot Ethereum ($ETH) ETFs for trading starting July 23. Issuers expect up to $5B inflows in 6 months, possibly $20B in a year. ETH’s price surged 12% in 5 days due to this news. #CryptoNews
LI FI, a cross-chain aggregator, suffered an $8.7M security breach. The hacker targeted Ethereum addresses, converting stolen USDC and USDT into ETH. Users should revoke approvals to these addresses and avoid LI FI apps. Security firms are investigating to prevent future attacks. #CryptoNews
Mt. Gox begins repaying 13,000 creditors in $BTC and $BCH, totaling 95,869.97 BTC (~$6.06B). Significant Bitcoin transfers caused a price dip to $62,000. Analysts warn of potential market volatility due to possible selloffs. #CryptoNews
Satoshi Protocol, backed by @CMSHoldings and RockTree Capital, raised $2M to enhance security and integrate Layer-2 solutions. Bitcoin holders can now mint SAT stablecoins as collateral. The move boosts BTC liquidity options. #Bitcoin #CryptoNews
? @krakenfx partners with Tottenham Hotspur as Official Crypto & Web3 Partner. Starting 2024/2025, Kraken will also be the Official Sleeve Partner for all Men’s and Women’s teams. This multi-season deal aims to enhance fan experience and crypto education. #CryptoNews
Elon Musk denies committing $45M monthly to Donald Trump’s campaign, calling it “Fake Gnus.” Significant donations from Joe Lonsdale & Kelly Craft, plus 15.47 BTC from the Winklevoss twins and $1M in ETH from Jesse Powell, highlight the rise of #cryptocurrency in political funding.
Craig Wright, who claims to have created Bitcoin, may face perjury charges in the UK. A London judge has sent his case to prosecutors, citing evidence of lies and document forgery. This could lead to serious legal consequences, including arrest and extradition. #Crypto
