Bybit CEO Ben Zhou has released an update on the hacked funds.
• Of the $1.4 billion in stolen crypto, 68.57% remains traceable, 27.59% disappeared, and 3.84% is frozen. • Most of the untraceable funds went to mixers and then through bridges to P2P/OTC platforms. • 432,748 ETH ($1.21 billion) was transferred from Ethereum to BTC via Thorchain • 67.25% was converted to BTC (10,003 BTC in 35,772 wallets) • 1.17% remains on the Ethereum blockchain (5,991 ETH in 12,490 wallets) • 944 BTC ($90.62 million) was transferred through the Wasabi mixer • 531 BTC (18,206 ETH) was transferred from BTC to Ethereum via Thorchain#bybit ,#BenZhou
#N⚠️‼️NEWS.‼️⚠️ 💬. Republican Congressman: The President Has No Right to Fire the Federal Reserve Chairman; 💨. ai16z Founder: The Native Token of autofun is ai16z; 💬. Synthetix Founder: The sUSD Collateral Mechanism Was Implemented to Solve the sUSD Depegging Problem; 🗯. Zora Will Launch Its Native Token ZORA on April 23 and Has Already Held Two Snapshots; ➡️. Balance Will Launch TGE on April 21 and Open Airdrops; ↘️. He Yi: I Don't Participate in Project Investments, and the Only Project I Participate in is BNB; ↗️. Vitalik suggested replacing EVM language with RISC-V to improve execution efficiency; ↪️. Data: A third of South Korean tycoons own cryptocurrencies; ⤴️. Bitget: Some accounts have completed transaction rollbacks and resumed trading, deposits and withdrawals; ↗️. Greekslive: Some traders are optimistic about altcoin performance over the weekend, with the key BTC price area being $66,000-$67,000. #newscrypto ,#NewsAboutCrypto
🔤. Senate approves Paul Atkins as SEC chairman; 🔤. White House: Tariff level to be cut to 10% overall during talks; 🔤. SEC approves options trading for Ethereum spot ETFs; 🔤. U.S. stocks closed: Trump delays trade policy, sends Nasdaq soaring 12%; 🔤. Several addresses pre-lock up nearly half of CAKE's voting power, aiming to lead new governance proposal; 🔤. Goldman Sachs quickly lowers its U.S. recession expectations; 🔤. Fed's Musalem: Balanced monetary policy will be pursued as long as inflation expectations remain stable; 🔤. FOMC Minutes: All participants believe it is appropriate to leave interest rates unchanged given the obvious uncertainty about the economic outlook; 🔤. Traders now expect the Fed to cut interest rates only three times this year, starting in June; 🔤🔤. FOMC Minutes: Inflation could rise this year due to tariffs; 🔤🔤. Wunder Social closes $50 million funding led by Rollman Management; 🔤🔤. Magic Eden announces acquisition of decentralized trading platform Slingshot.#newscrypto ,#NEW
The U.S. Senate has set a cloture vote on Paul Atkins' nomination to become Chairman of the Securities and Exchange Commission (SEC) for 11:30 a.m. (EST) today, with a confirmation vote possibly following as early as 7 p.m. (EST) if the cloture vote is successful. #SEC
Swissblock: The next 72 hours could determine the outcome of the trade war… and the fate of the markets!
🔹 Bitcoin fails to hold $78K-$79K, falling to $74.5K amid escalating US-China tensions.
🔹 Double Bottom or Below? Bitcoin reclaims $76K after dumping longs at $74.5K. It needs to reclaim $78K-$79K for a bullish shift. Risk of a fall: $68K-$70K support. More liquidity is a plus, but external pressure is a problem.#btcnews ,#BTC
☄️🔥Today's News Roundup 🔝 😅 #♥️♥️: US Trade Representative Jamison Greer: Trump has signaled no tariff relief is coming; ♥️♥️: Wall Street shorts net $127 billion from April 2 through Monday this week; ♥️♥️: CoinShares asset management chief Frank Spiteri has resigned, sources say; ♥️♥️: Binance Alpha launches Retard Finder Coin (RFC); ♥️♥️: Fed Goolsbee: Tariff implementation significantly exceeds Fed's previous forecast; 26: GMGN Lianchuang: The platform has been experiencing intermittent traffic attacks that are affecting user experience, and plans to stop white-hatting some crawler IPs in the future; ♥️♥️: Data: TUT tops March meme coin list with 2,289% gain; ♥️♥️: Nikkei 225 falls 3%; Korean won hits 2009 high against US dollar, hits new low in a year; ♥️♥️: JPMorgan Chase: Key stock index shows US recession probability close to 80%; ♥️♥️: US Senate to hold procedural vote on SEC Chairman Paul Atkins nomination tomorrow; ♥️♥️: Ripple CTO: Ripple's acquisition of Hidden Road is a defining moment for XRPL.#newscrypto ,#NewsAboutCrypto
♥️: Justin Sun Releases FDT's 'Seven Sins' Including Breach of Fiduciary Duty and Abuse of Client Funds; ♥️: "56,995 ETH on Brink of Liquidation Whale" Redeemed Again, Liquidation Price Falls to $1,269.67; ♥️: Ripple Acquires Crypto-Friendly Broker Hidden Road for $1.25 Billion; ♥️: Bernstein: Bitcoin Has Showed Strong Resilience, Institutional Adoption Will Make Bitcoin More Durable; ♥️: US Treasury Secretary Bessant Rejects Call for Trump to Change Tariff Information; ♥️: Standard Chartered: XRP Could Hit $12.5 Before End of Trump Presidency; ♥️: BlackRock: Market has priced in too many Fed rate cuts; ♥️: Wall Street mogul Bill Ackman: Calling for 30-day, 60-day, or 90-day pause before tariffs go into effect; ♥️: AI security platform Octane closes $6.75M seed round led by Winklevoss Capital and others; ♥️♥️: Binance CEO: Renewed trade protectionism has led to volatility in global markets, and crypto is no exception;#newscrypto
At the time of writing, Bitcoin is at $78.6K and Ethereum is at $1.54K. After the cryptocurrency plunged over the weekend, there are some positive signs that other countries have come to potential terms that could cushion the tariff-induced decline.
Taiwan has become the latest country to agree to waive US tariffs, joining a handful of other Asian countries. The European Union has also signaled its intention to set reciprocal tariffs at 0%.
If the tariff landscape suddenly changes, leading to tariffs between countries being reduced or eliminated, expect an immediate explosion of bullish sentiment in the crypto market, as well as stock market prices.#Bitcoin❗ ,#Ethereum
"There will be no more Alt-season... Alta will never grow again... Everything is lost..."
These are the thoughts of cryptocurrency traders who have not gone through the previous cycles. In just three months, the mood has changed from euphoria to maximum apathy from the very phrase "cryptocurrency market". Most portfolios are in drawdowns. Those who came here to quickly cut down X's - faced with the reality that shows that not everything can always go according to plan.
Many have already been washed away. Those who tried to buy off the bottom with shoulders. Those who collected a high-risk portfolio with trending coins in pursuit of a quick result. And those who have not yet been washed away will fly out on the next rebound.
But it is important to remember the following. The cryptocurrency market is attractive due to its volatility. And volatility is present in both directions. If you want to take, for example, 5 x's (I'm taking a fairly conservative result), then why don't you agree to wait out a 50-60-70% drawdown? After all, 500% is many times more. The risk/reward ratio is more than acceptable. And I'm not even talking about the potential of tens of x's.
I believe that you are friends with common sense and did not try to buy back the bottom with leverage (I warned about this many times), but keep your positions on the spot. In this case, I would not worry globally. The cycle will change, the charts will turn around, and you will remember today's state with a smile. Is there a risk that everything will go down the drain? Of course, there is always a risk. But the probability is on our side.
I am as tired of this sickening market as you are, I experience the same emotions. I just try to make sure that they do not affect decision-making. So, tail up, and we believe in a bright future. Or, in the worst case, we will simply lose money 😂
Michael Saylor, founder of Strategy (formerly MicroStrategy), argues that Bitcoin acts as a risk asset in the short term because of its high liquidity and 24-hour trading. In times of panic, traders tend to sell what is easiest to liquidate, like Bitcoin, rather than what they necessarily want. This does not suggest a long-term correlation with risk assets, but rather highlights Bitcoin’s constant availability for trading.#MichaelSaylor ,#MicroStrategy" #MicroStrategy
The chart shows how the price of Bitcoin relates to its “realized supply.” The purple line (SMA-30D) is a 30-day moving average of this ratio. When the purple line dips very low (below the lower dotted line), it signals either a local correction day in a bull market or the beginning of a bear market. In either case, Bitcoin is becoming undervalued. The chart highlights two previous signals during the bull market that emerged after COVID and the Chinese mining ban.#BTC ,#analitics
In an April 2 letter, Senator Elizabeth Warren and Representative Maxine Waters — ranking members of the Senate Banking Committee and the House Financial Services Committee, respectively — asked Ueda to provide Congress with information about Trump’s ties to World Liberty Financial (WLFI). Both lawmakers suggested that the SEC may be influenced by the firm, and “this conflict of interest could interfere with its mission to protect investors and maintain fair and orderly markets.” “The Trump family’s financial stake in World Liberty Financial represents an unprecedented conflict of interest that could impact the Trump administration’s oversight — or lack thereof — of the cryptocurrency industry, creating an obvious incentive for the Trump administration to direct federal agencies, including the SEC, to take positions favorable to cryptocurrency interests that directly benefit the president’s family,”#TrumpTariffs #Senator
😶🌫️: Trump: US to impose 10% tariff on all imported goods; 😉: Trump: Will impose retaliatory tariffs of 20% on EU by country, 24% on Japanese goods; 😬: Fed Kugler: Tariffs impact could be longer, supporting 'standstill'; 😞: US Congressman accuses Trump of wanting to replace US dollar with personal stablecoins; 🤓: Arizona House Committee passes Bitcoin Reserves Act; 🤤: Arthur Hayes: If BTC can hold $76,500 until Tax Day on April 15, it will be 'out of danger'; 😋: Justin