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π€ Would you trust this Zoom link? One investor’s costly slip
Plus: Pro-crypto pick leads the US Treasury shortlist
GM. Take a gulp of our crypto lemonade! We’re squeezing the sweetest news straight from the blockchain grove.
π£ Investor lost $6.09M to a phishing scam
π News drops: Bitget and Foresight Ventures launch a $20M fund for Telegram Mini Apps, the top contender for US Treasury Secretary is pro-crypto + more
π Market flavor today
Why’s it so hot up in here?.. Oh, don’t worry, that’s just the market on fire ππ₯ The Fear and Greed Index cranked up to 80, practically begging for “Extreme Greed” status. The crypto market cap’s at $2.98T – we’re about to outshine France’s GDP. Does this mean we’re also fancy enough to smoke cigarettes every 5 minutes and make it look classy?
Bitcoin is nearing $90K, having increased by $8,343.04 just yesterday – the biggest daily gain ever. And before you credit this surge to Donald Trump’s election victory, analyst Jesse Myers has a different take. He says we’re in a post-halving supply crunch that’s sending demand soaring. It’s just basic economics: fewer coins, bigger demand, and booyaka – up go the prices. As Myers put it: “Welcome to the post-2024 halving bull market. This thing goes much higher.”
Meanwhile, Bitcoin ETFs are still very much in on the action, attracting $1.1B in inflows yesterday. Bloomberg’s Eric Balchunas notes that assets in these ETFs have soared to $84B – that’s already two-thirds of what gold ETFs hold. He even suggests BTC ETFs might overtake gold before their first birthday. *Sniff* they grow up so fastβ¦ π₯Ή
Ethereum ETFs aren’t slowing down either – they saw $294.9M in inflows yesterday, smashing their previous high.
So what’s the takeaway? It’s anyone’s guess how high the crypto market can go. Whether you’re a seasoned trader or just crypto-curious, now’s definitely a thrilling time to be in the loop π
π£ Phish happens
If you were around in 2020 (and if not, you’re a kid who knows exactly how the f*ck to spend their childhood efficiently; props to you), you definitely know Zoom. It’s the land of:
– “No, professor, I don’t have all my notes on display behind the screen”;
– “Yes, boss, I’m totally wearing pants right now”;
– Those awkward moments when you’ve said “Bye” but can’t find the “Leave meeting” button;
– Sitting in silence while waiting for the last person to join the meeting, looking like this:
Ah, golden memories. But listen up, y’all – we gotta be careful about which Zoom calls we’re hopping on these days.
Lemme tell you the story of one investor, known as Still in the Game on X. This person had $6.09 million worth of Gigachad (GIGA) tokens. And suddenly, they dumped all their holdings (spoiler alert: they didn’t really do it).
Turns out Still in the Game clicked on what seemed like a Zoom link, but it was really a phishing site that installed malware and drained their wallet.
Now, the investor’s got the FBI and a forensic team on the case to try and help recover the stolen money. Btw, it also seems like it’s the start of their villain era, as STIG posted this: “I’m going to make it all back and more. Just watch me” π
So, how do you avoid this mess? Always re-re-re-check the link!
The normal one looks like this: us02web.zoom[.]us = π₯³
The nasty one looks like this: us04-zoom[.]us = π
Stay safe out there, fellas. And put those pants on (or don’t – we’d never know anyway).
π° News drops
π° Bitget Wallet and Foresight Ventures launched a $20M fund to supercharge the Telegram Mini Apps ecosystem. The plan includes tech guidance with Bitget’s OmniConnect developer kit, plus a healthy dose of operational and marketing support.
π΅ Agora’s AUSD has become the native currency for AggLayer, a cross-chain settlement system in the Polygon ecosystem. This stablecoin ensures steady value, giving developers a reliable base for stable transactions and solid liquidity.
π Scott Bessent, a top contender for US Treasury Secretary in Trump’s new administration, is pro-crypto. He’s reportedly said, “Crypto’s about freedom, and the crypto economy here to stay.”
βοΈ Deutsche Telekom AG, the fifth-biggest telecom giant globally, is joining NEAR’s Enterprise Node Operators program to boost network security and decentralization. The company says it’ll play a “key role” as a validator, pushing NEAR’s institutional goals forward.
π MoonPay teamed up with Injective, the super-speedy blockchain for top-tier finance apps. “Millions of MoonPay users will now have access to INJ,” said Eric Chen, Injective’s co-founder and CEO.
π€ Knowledge juice
Learn about the BitMart exchange with the latest BitDegree Mission, “BitMart: A Multi-Faceted Crypto Ecosystem”:
π Juicy memes
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