The blockchain detectives at Arkham Intelligence, armed with magnifying glasses and an uncanny ability to sniff out crypto shuffles, spotted these coins sneaking off on November 27. The bitcoins migrated from a long-sleeping treasury wallet-probably dreaming of moon missions-into a fresh digital address. A grand internal housecleaning or a secret plan to sell? Who’s to say, but the market held its breath. 🤔🛸
These “bundled tokens”-a delightful mix of memecoins and celebrity-linked digital trinkets-are like the financial equivalent of a reality TV show: flashy, questionable, and probably rigged. 🎭🤡 Apparently, they’re often flagged for concentrated insider ownership and wallet behavior so coordinated it makes a Broadway chorus look like amateurs. 💃🕺
So what’s the genius move? Calacanis is all in on Tether selling off its Bitcoin holdings. The man argues, with all the wisdom of a seasoned investor, that the stablecoin kingpin should be packing nothing but U.S. government bonds. You know, because nothing screams stability like bonds that pay you pennies on the dollar. 💸
Sources-who probably have too much time and fewer morals-say Lazarus, the notorious hacking unit under North Korea’s top-secret recon mission, is likely the mastermind behind this digital daylight robbery. Remember that time they stole almost $58 billion in Ethereum back in 2019? Yeah, Lazarus was there too, looking sinister and vaguely bored. Perhaps they’re just really into upgrading their crime portfolio.
The crypto world gasped as 45 billion won vanished into thin air-or rather, into external wallets. Traced, of course, just as the authorities noticed something fishy with the admin logs. 🐟🕵️♂️
What madness! A violent ballet of heavy selling and reckless leverage, where the market’s nerves are as frayed as a Dostoevsky protagonist’s sanity. 🕳️ And yet, ORCA swims in a “hot zone,” for the $1.22-$1.04 abyss beckons buyers like a siren’s call, promising salvation-or perhaps damnation. 🤡
The cryptocurrency market is now entering a new stage in which large institutional investors are looking beyond just Bitcoin (BTC) and Ether (ETH). One of the strongest signs of this shift is the rapid increase in applications for US spot XRP (XRP) exchange-traded funds (ETFs).
AWS attempted to safeguard against such calamities with multiple, localised points of failure, yet failed to account for a regional DNS disruption. As the cloud provider for more than 90% of Fortune 100 companies, this event revealed that even the largest centralised providers cannot fully guard against the risks of centralisation. Exposing what happens when we over-rely on essential infrastructure that lacks the correct safeguards in place. A most unfortunate oversight, to be sure. 🧨
Earlier this week, the Core Team clasped hands with CiDi Games (a gaming platform that builds Pi-integrated games for millions of Pioneers to play while daydreaming about becoming billionaires). The collaboration’s main goals? To expand the real-world utility of Pi’s native token (PI), reassure developers that Pi isn’t just a bunch of clowns in a blockchain circus, and create new opportunities for users to fiddle with their wallets. As part of this grand scheme, Pi Network Ventures (the project’s investment arm) threw money at CiDi Games like confetti at a crypto parade, signaling confidence in their long-term vision.
To produce a single Bitcoin today is to embrace financial masochism. Capriole Investments, those wizards of numbers, declare the cost to be a staggering $83,873, with $67,099 vanishing into the maw of electricity bills. 🌩️ Margins? Virtually nil. This, my friends, is the market’s way of saying, “One last plunge, and then-euphoria.” Miners, trembling on the brink, must sell, while leveraged bulls are swept away like crumbs from a titan’s table. Only then does the phoenix rise from the ashes. 🔥