Flutter Entertainment, the world’s biggest online gambling company, has announced a massive data breach affecting up to 800,000 customers. What Happened? The company, which owns popular sites like Betfair and Paddy Power, revealed that a third-party security breach exposed customer information. Affected users had their usernames, email addresses, and IP addresses compromised. In some cases,…
Bitcoin recently hit a new all-time high after hovering around $100,000-$110,000. A closer look at on-chain data reveals a fascinating shift in how different Bitcoin holders behaved, likely driving this price action. Long-Term Holders (LTHs) and Short-Term Holders (STHs): A Shift in Behavior On-chain analyst Boris highlighted a key change in the market: Long-Term Holders…
Bitcoin’s been trading sideways around $117,000-$118,000 lately, after a strong week. But one analyst thinks this could be a crucial moment. Breaking Through Resistance According to Joao Wedson, founder of Alphractal, Bitcoin faces a major hurdle between $118,900 and $120,000. He uses the Bitcoin Power Law model, which analyzes historical price trends to predict future…
Satoshi Nakamoto, the creator of Bitcoin, could be incredibly wealthy. If we count their unspent Bitcoins, they’d rank among the world’s top 11 richest people! A $130 Billion Fortune? According to Arkham Intelligence, Satoshi holds around 1.096 million Bitcoins. At current prices, that’s roughly $129 billion! That’s more than Michael Dell, but less than Sergey…
Ethereum exchange-traded funds (ETFs) had an amazing week, bringing in over $900 million! This is a new record and their ninth winning week in a row. This happened at the same time Ethereum’s price jumped to over $2,800. Massive Inflows for Ethereum ETFs Last week was huge for Ethereum, with prices rising by 16.22%. Ethereum…
Changpeng Zhao (“CZ”), Binance’s co-founder, is furious. He’s accusing Bloomberg of publishing another false and damaging article about him, and he’s threatening a lawsuit – his second against the financial news giant in just a few years. Bloomberg’s Accusations Bloomberg’s recent report claimed Binance helped create a stablecoin for World Liberty Financial (WLF), a company…
Bitcoin exchange-traded funds (ETFs) in the US have been on a roll lately! Since June 9th, they’ve seen a massive influx of cash, with only one day of outflows. Last week was especially huge. A Record-Breaking Week The past week saw a staggering $2.72 billion poured into US Bitcoin ETFs. This is the fifth-largest weekly…
A hacker who stole $42 million in crypto from the GMX exchange is giving it all back—and getting a hefty reward for their trouble. The Heist and the Return Earlier this week, a hacker exploited a vulnerability in GMX’s Arbitrum-based liquidity pool, making off with $42 million worth of cryptocurrency. GMX reported that the attack…
JPMorgan Chase CEO Jamie Dimon is betting against the market’s prediction of upcoming Federal Reserve interest rate cuts. He believes the market is seriously underestimating the risk of inflation. Dimon’s Contrarian View Speaking in Ireland, Dimon stated that he thinks the chances of the Fed raising rates are much higher than most people believe. He…
Robinhood’s Chief Investment Officer, Stephanie Guild, recently shared her updated predictions for the S&P 500 and the banking sector. She offered insights into her market outlook on CNBC’s Squawk Box. S&P 500 Forecast Guild revised her year-end target for the S&P 500, now predicting a close around 6,200, with a possible upside to 6,500. Her…
