Whales, Institutions, and a Whole Lot of Chutzpah

A notable Bitcoin wallet, bc1q0l (catchy name, by the way), just moved 1,000 BTC—worth a cool $117 million—back to Binance. The coins were originally withdrawn four months ago at around $84,861 each. With current prices, the transaction locks in an estimated $68.8 million profit. Not bad for a few months’ work, if you ask me 💸.

Breaking News: BlockFi Settles with DOJ, Paves Way for Asset Recovery

The DOJ had argued that the bankruptcy court lacked jurisdiction to block the seizure, but under the settlement, the case is dismissed with prejudice, meaning it cannot be refiled. Both sides will bear their own legal expenses, and Mohsin Meghji, overseeing the wind-down of BlockFi’s bankruptcy estate, represented the crypto lender, while the DOJ’s legal team was led by Seth B. Shapiro of the Commercial Litigation Branch. 💼

Tasmania’s Crypto ATM Scams: A Tragic Comedy of Errors! 😂💸

Oh, the sweet irony! More than fourteen unsuspecting residents of our lovely Australian isle have discovered the bitter taste of deception. A mere ATM, intended for easy transactions, has become a harbinger of financial despair. According to the sleuths at Tasmania Police—a group no less noble than knight-errants in a land gone mad—one victim alone was grasped hard by this ghastly scandal, losing more than $493,176.

Hayes’ Crypto Truck: Backing Up for a Monster Alt Season 🚚🚀

In the labyrinth of crypto markets, where institutional bets and macroeconomic forces converge, a new chapter is being written. Maelstrom Fund co-founder and former Bitmex CEO Arthur Hayes, in a recent post on social media platform X, declared that he has shed his cautious stance. The turning point, he noted, was bitcoin’s triumphant breakout above its all-time high, backed by robust volume. “I was slightly bearish in my last essay due to the U.S. Treasury General Account (TGA) refill. What changed? BTC busted through ATH on good volume. ETH is following and will outperform,” Hayes opined, with a hint of sarcasm. 🤷‍♂️

HYPE: The Token Ascends—Could $100 Be Next, or Is That Just Wishful Thinking? 😂

The native token, affectionately known as HYPE, has recently achieved a most impressive all-time high—$47.04, to be precise. Wouldn’t you agree that it now garners considerable attention on the market cap leaderboard? It now teeters just outside the illustrious top 10, making a valiant attempt to join the ranks of esteemed companions such as ADA, TRON, and the ever-enthusiastic DOGE. With a current market cap of a tantalizing $15.73 billion, it observes with envy as its closest rivals flaunt valuations of $25 to $30 billion. How positively scandalous! 😏

Crypto Lender’s Desperate Dance with DOJ

In May 2023, the lawsuit was filed, and the DOJ requested that BlockFi hand over 35 million crypto assets to the US government. The money was linked to two Estonian citizens’ accounts, who were embroiled in a separate case of fraud 🤑. The DOJ claimed it was entitled to take these assets using valid warrants, but BlockFi’s members argued that the bankruptcy court should oversee the transfer 🤔.

Tether Drops 5 Blockchains: Omni, Algorand, and More Bite the Dust!

В посте новостей от 11 июля Tether сообщил о планах прекратить работу USDT на пяти блокчейнах: Omni Layer, Bitcoin Cash SLP, Kusama, EOS и Algorand. Эмитент стабилкоинов, базирующийся на Британских Виргинских островах, объяснил это решение проведением стратегической ревизии инфраструктуры.

Shock and Awe: Trump’s Tariff Tango with Mexico and the EU! 🛒🎭

This unfortunate development in the ongoing trade saga has sent shockwaves through the hearts of our once-friendly allies and chilled the hopes of investors, who now look upon the stock market with the gaze of a disappointed parent witnessing a poor report card. Trump, in his infinite wisdom, conveyed his desires through stern letters to European Commission President Ursula von der Leyen and Mexico’s own Claudia Sheinbaum, akin to a stern teacher scolding a mischievous pupil. Letters carrying the weighty news reached 23 other trading partners as well, each proposing tariffs ranging from 20% to a staggering 50%. Oh, the drama! 🎭