💥ByBit Hack💥: ‘The largest crypto theft of all time’

Bybit Hackers Move 490,000 ETH Across 49 Addresses, 15,000 cmETH Still Pending Unstake

#bitcoin is on the move as Michael Saylor speaks in Miami

KAITO Opened at 0.1000 USDT Currently Trading at 1.733 USDT

#KAITO started at 0.1000 USDT on Binance and is now priced at 1.733 USDT. The token has increased by 1.733% in the past 24 hours.

Time to bring back a 2018 classic.

Dinosaur pattern on #bitcoin .

A new crypto cycle meme is born:

“I didn’t promote it, I shared it.” – Javier Milei on $Libra

It joins the Hall of fame:

• "What” – SBF, moments before FTX imploded

•“Steady lads, deploying more capital.” – Do Kwon, before LUNA went to zero… and he went to jail

•“Celsius is winning.” – Alex Mashinsky, before Celsius collapsed… and he got sued

•“We are the biggest victims.” – 3AC founders, now unable to visit certain countries

•“I’m rich and you’re not.” – Richard Heart, now on the run

Same playbook, different cycle.

Stay humble, study #bitcoin

FTX's estate is beginning its payment plan today, though the initial distribution will be approximately $1.2 billion rather than $2.4 billion.

- Starting today, FTX will begin repayments to creditors with claims of $50,000 or less ("convenience class" creditors).
-These creditors will receive approximately 119% of their claimed amount, including principal plus interest.
- Payments must be completed within 60 days of the effective date.

Market Impact Analysis:
- Analysts estimate approximately $2.4 billion may flow back into crypto markets following the distribution
- $3.9 billion of total claims were acquired by credit funds, which typically won't reinvest in crypto assets
- 33% of remaining claims belong to sanctioned countries, individuals without KYC verification, or those unable to claim funds

Total Distribution Scope:
- Total estimated distribution will range between $14.7 billion and $16.5 billion
- BitGo and Kraken have been designated to manage initial distributions for retail and institutional customers in supported jurisdictions
- Creditors must complete KYC verification and submit tax forms through the FTX Debtors' Customer Portal to receive payments

MANY WILL INVEST IN #bitcoin 🚀

Whales are stacking.

28,000 BTC just flowed into accumulation addresses.

#bitcoin

Abu Dhabi's sovereign wealth fund has purchased over $400 million in #bitcoin ETFs.

Mubadala, the Abu Dhabi government's sovereign wealth fund, has announced that it holds $436.9 million in shares of a Bitcoin exchange-traded fund (ETF). The fund has chosen BlackRock’s iShares Bitcoin Trust ETF, which now constitutes approximately 2.1% of Mubadala’s overall portfolio.

https://fintel.io/i/mubada...

✨ Charlie Munger, called #bitcoin "anti-social, stupid, and immoral" when it was priced at $3,000 exactly six years ago.

Today, nation-states are buying it, and the price is up 3,000% 💀

Whales have confidently capitalized on Bitcoin ($BTC), realizing nearly $800 million in profits!

#bitcoin

Whales Accumulate Over 600,000 ETH In A Week

#ethereum

Berachain (BERA) Launches on Binance at $1.00 Now Trades at $11.88

NEW: Never-before-seen video of the 1st #bitcoin user Hal Finney, revealing his diagnosis with ALS, exactly 15 years ago

Absolutely heartbreaking 💔

⚡️#Bitcoin bounces back to $99K after the US trade 'war' spooked the price to $93K

DekaBank Secures Cryptocurrency Custody License in Germany

Deutsche Bank's DekaBank has recently obtained a #cryptocurrency custody license from Germany's financial regulator, BaFin, and the European Central Bank (ECB). BaFin has issued a total of 11 cryptocurrency custody licenses, primarily to cryptocurrency companies.

@Tether Mints 1 Billion USDT on #ethereum Network

#bitcoin Holdings by the United States Since November 3, 2020
Total BTC: 198,109
Estimated Value: $19.40 billion
Source: All holdings originate from seized Bitcoin associated with the Silk Road.

In recent years, big institutions have amassed a growing slice of the #bitcoin supply. This includes public companies such as MicroStrategy and Tesla; financial firms, including exchange-traded funds that hold bitcoin on behalf of investors; and governments. The U.S., which acquires cryptocurrencies seized from criminals, is the biggest government holder of bitcoin.

The emergence of such hoards is bullish for the price of bitcoin because it means more of bitcoin’s supply is locked up.

“For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin.”
-Trump said in July.

Marathon Digital Holdings has acquired 11,774 BTC for $1.1 billion at $96,000 per #bitcoin .

Source-https://www.sec.gov/ix?doc...

#bitcoin Base case for 2025.

ETF inflows: $175 billion
MSTR: $75 billion

Total $250 billion

25x multiplier.
8 trillion ending market cap

$400k bitcoin

Google Willow Quantum vs Bitcoin Encryption

Today, Google announced that Willow has reached 105 qubits with improved error rates. Should Bitcoiners worry?

🚫 Short Answer: No.

🔒 #bitcoin relies on two types of encryption:

1️⃣ ECDSA 256: Vulnerable to "Shor’s algorithm," but cracking it would require over 1,000,000 qubits. Willow’s 105 isn’t even close.

2️⃣ SHA-256: Even tougher—requires a different approach (Grover’s algorithm) and millions of physical qubits to pose a real threat.

Bitcoin’s cryptography remains SAFU... for now.

MicroStrategy's #bitcoin Investment: Then vs. Now (2020 vs. 2024)

August 11, 2020:

Bitcoin Held: 21,454 BTC
Investment: $250 Million
Average Price per BTC: $11,863

December 8, 2024:

Bitcoin Held: 21,550 BTC
Current Value: $25 Billion
Average Price per BTC: $99,850

This reflects a staggering 850% profit (approximately $2 Billion) in just over 4 years!

The Question:
If MicroStrategy's holdings are now worth $25 Billion, what could this investment grow to in the next 4 years? 🚀

Calling to all crypto enthusiasts! to join #bitrr and revolutionize the #cryptocurrency market!

Do you think $100K #bitcoin is only the beginning?

"13th December 2022:
“The next bull run is 2-3 years away—this is your window to act.”

13th December 2023:
“Students who knew nothing about crypto are now making six figures. What’s your excuse?”

30th December 2023:
“Crypto is your shortcut to wealth—but only if you know when to act.”

13th March 2024:
“Bitcoin was below $17K when we made the call, no excuses now.”

5th December 2024:
$100K #bitcoin is only the beginning.

--Andrew Tate

#bitcoin Could Reach $200K After Topping $100K.

Bitcoin flows were dominated by institutional investors this year, Institutions bought 683,000 bitcoins, MicroStrategy with 245,000 bitcoins.

💥A New Era in Crypto Begins🔥
#bitcoin and #ethereum

#ethereum Price Rockets Up: $4,000 Target Inches Closer

#bitcoin Tops $100,000 for First Time, new all-time-high $103,853