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Nobody cares about $BTC BTC anymore
now is the time for the rotation from alts to alts
Interesting time
now is the time for the rotation from alts to alts
Interesting time
MicroStrategy's Bitcoin buying planāonce maligned by big businessesāhas produced blockbuster profits for the software company amid the latest Bitcoin boom, pushing its stock price to all-time highs in recent months as its stash tops $40 billion worth of the coin.
And its success has inspired a crop of copycats, though MicroStrategy founder and Executive Chairman Michael Saylor probably doesnāt mindāheās been advocating for such a movement for years now.
In recent months, several more publicly traded firms have greenlighted corporate strategies to stack Bitcoin as a treasury reserve asset, while others that have already invested in the cryptocurrency are building up their holdings of the asset.
More than 70 companies have dived headfirst into MicroStrategy's crypto-first business strategy at a time when Bitcoin is flying high: President-elect Donald Trump vowed last summer to create a national stockpile of the digital currency, and the token hit an all-time high of $108,000 in December.
And its success has inspired a crop of copycats, though MicroStrategy founder and Executive Chairman Michael Saylor probably doesnāt mindāheās been advocating for such a movement for years now.
In recent months, several more publicly traded firms have greenlighted corporate strategies to stack Bitcoin as a treasury reserve asset, while others that have already invested in the cryptocurrency are building up their holdings of the asset.
More than 70 companies have dived headfirst into MicroStrategy's crypto-first business strategy at a time when Bitcoin is flying high: President-elect Donald Trump vowed last summer to create a national stockpile of the digital currency, and the token hit an all-time high of $108,000 in December.
š„ BULLISH: Trumpās pick for Treasury Secretary Scott Bessent discloses owning $500,000 in Bitcoin ETF.$BTC
Crypto thieves behind $2.2 million scam to be served lawsuit via NFT
Quick Take
-A lawsuit from New York Attorney General Letitia James alleges that a ring of crypto scammers has stolen at least $2.2 million from New Yorkers solicited from fake remote work offers.
-James seeks to become the first regulator to serve unidentified scammers a lawsuit via an airdropped NFT.
New York Attorney General Letitia James filed a new lawsuit on Thursday that seeks to recover $2.2 million in frozen stablecoins from an alleged ring of scammers targeting New Yorkers looking for remote work opportunities.
While the alleged scammers' identities are currently unknown, James' lawsuit describes a sophisticated network that recruited victims by claiming to offer remote work opportunities before guiding them through depositing stablecoins into a wallet controlled by the scammers.
Victims were told the deposits were necessary in order to perform the job and receive compensation. However, the lawsuit claims, "This compensation, supposedly to be paid in stablecoins, was never real and deposits victims supposedly made into their 'working accounts' in reality simply went into wallets that [the alleged scammers] owned and/or controlled."
Nearly $2.2 million worth of USDT and USDC stablecoins has been frozen in scammer-controlled wallets, according to the lawsuit, which seeks to reclaim that sum plus damages and legal fees from the alleged scammers, as well as barring them from repeating the scam. The lawsuit names several victims who were defrauded out of $100,000 or more, such as Ally, a hotel receptionist living in New York's Nassau County, and Mell, a 31-year-old teacher from Queens.
Quick Take
-A lawsuit from New York Attorney General Letitia James alleges that a ring of crypto scammers has stolen at least $2.2 million from New Yorkers solicited from fake remote work offers.
-James seeks to become the first regulator to serve unidentified scammers a lawsuit via an airdropped NFT.
New York Attorney General Letitia James filed a new lawsuit on Thursday that seeks to recover $2.2 million in frozen stablecoins from an alleged ring of scammers targeting New Yorkers looking for remote work opportunities.
While the alleged scammers' identities are currently unknown, James' lawsuit describes a sophisticated network that recruited victims by claiming to offer remote work opportunities before guiding them through depositing stablecoins into a wallet controlled by the scammers.
Victims were told the deposits were necessary in order to perform the job and receive compensation. However, the lawsuit claims, "This compensation, supposedly to be paid in stablecoins, was never real and deposits victims supposedly made into their 'working accounts' in reality simply went into wallets that [the alleged scammers] owned and/or controlled."
Nearly $2.2 million worth of USDT and USDC stablecoins has been frozen in scammer-controlled wallets, according to the lawsuit, which seeks to reclaim that sum plus damages and legal fees from the alleged scammers, as well as barring them from repeating the scam. The lawsuit names several victims who were defrauded out of $100,000 or more, such as Ally, a hotel receptionist living in New York's Nassau County, and Mell, a 31-year-old teacher from Queens.
Quick Take
-The launch of the crypto-AI focused Aiccelerate DAO (AICC), now worth around $150 million, led to criticism on X after some insiders who took part in the projectās presale quickly sold their token allocations.
-Bankless Ventures, which received criticism after selling 10% of its allocation in an āimpulsive mistake,ā later rebought the tokens.
-In response to the controversy, the DAO said it āwill implement a vesting structure for individual allocations and are having discussions with advisors to do the same.ā
-The projectās X account was also suspended on Saturday, for currently unknown reasons.
-The launch of the crypto-AI focused Aiccelerate DAO (AICC), now worth around $150 million, led to criticism on X after some insiders who took part in the projectās presale quickly sold their token allocations.
-Bankless Ventures, which received criticism after selling 10% of its allocation in an āimpulsive mistake,ā later rebought the tokens.
-In response to the controversy, the DAO said it āwill implement a vesting structure for individual allocations and are having discussions with advisors to do the same.ā
-The projectās X account was also suspended on Saturday, for currently unknown reasons.
#NFPCryptoImpact šŗšø UPDATE: Bloomberg reports that after the unemployment report, traders no longer anticipate two Fed rate cuts this year.
Markets now expect only one rate cut, likely no earlier than June, driving the current market reaction.
$BTC
Markets now expect only one rate cut, likely no earlier than June, driving the current market reaction.
$BTC
š„ NEW: Shareholders of Mark Zuckerbergās Meta are requesting the company āconduct an assessment to determine if adding #Bitcoin to the Companyās treasury is in the best interest of shareholders.ā
Currently Meta has $72 Billion in cash thatās āconsistently being debased.ā
#NFPCryptoImpact
$BTC
Currently Meta has $72 Billion in cash thatās āconsistently being debased.ā
#NFPCryptoImpact
$BTC
šŗšø NOW: Following significant funding for Donald Trump's campaign, major crypto players made large donations to the inauguration fund of the elected U.S. president.
Ripple donated $5 million, while Robinhood contributed $2 million, and Coinbase, Circle, Kraken, Ondo Finance, and Moonpay each gave $1 million.
$BTC
Ripple donated $5 million, while Robinhood contributed $2 million, and Coinbase, Circle, Kraken, Ondo Finance, and Moonpay each gave $1 million.
$BTC
#CryptoMarketDip
Bitcoin Price Dumping Hard
ā¢This was bound to happen. Everyone knows that Trump is coming to power on the 20th and there will be a huge movement in the crypto market, and everyone will make a lot of profit.
ā¢But those who are market makers or big investors won't let us or you profit so easily, so they suddenly drop the market like this to scare everyone out of the market.
ā¢I have only one suggestion, just be patient ā¤ļø
$BTC
Bitcoin Price Dumping Hard
ā¢This was bound to happen. Everyone knows that Trump is coming to power on the 20th and there will be a huge movement in the crypto market, and everyone will make a lot of profit.
ā¢But those who are market makers or big investors won't let us or you profit so easily, so they suddenly drop the market like this to scare everyone out of the market.
ā¢I have only one suggestion, just be patient ā¤ļø
$BTC
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