Bitcoin user claims he was victim of hack that led to record $3 million in transaction fees
A Bitcoin user claimed that hackers stole more than 139 BTC from them, which is related to the record-breaking transaction fee of 83.65 BTC ($3.1 million) paid last week. The same user signed a message that seems to indicate they have the keys to conduct transactions, but it could also be signed by the attacker if the wallet was compromised.
BTC fell below 37,000 USDT, down 1.49% in 24 hours
According to the OKX market, BTC has fallen below 37,000 USDT, with a current price of 36,986 USDT, a 24-hour decline of 1.49%.
CME’s BTC holdings reached 118,540, a record high
According to CoinGlass data, CME's BTC holdings reached 118,540 coins ($4.42 billion), a new historical high.
An address has accumulated 8,674 BTC since Halloween
Bitcoin News has posted on X platform, stating that since Halloween, an address has accumulated 8,674 BTC (approximately $323 million), and has continued to increase holdings by over 1,000 BTC for the past three days.
Crypto Whale Makes $24 Million in Profits Trading Wrapped Bitcoin (WBTC) According to On-Chain Data
A crypto trader, known as a "smart whale," has made massive profits trading Wrapped Bitcoin (WBTC) by consistently buying at low prices and selling at higher prices. The trader deposited 1,957 WBTC worth $74.6 million into Binance on Friday, according to blockchain tracking service Lookonchain. WBTC is an ERC-20 token that allows traders to speculate on Bitcoin while staying within the Ethereum ecosystem. Lookonchain also recently spotted a wallet that participated in the Ethereum initial coin offering (ICO) nearly 10 years ago, which deposited 20,000 ETH to another wallet with 10 ETH eventually going to the crypto exchange Kraken.
How to Safely Purchase Bitcoin and Ether in the United Kingdom: Tips and Risks to Consider
When purchasing Bitcoin in the UK, it is important to prioritize security measures and understand the potential risks. While cryptocurrencies are legal in the UK, they are considered taxable assets and subject to taxation regulations. It is crucial to maintain accurate records in order to comply with these regulations. Investors should secure their holdings with a reliable crypto wallet and choose a reputable cryptocurrency exchange or broker. The Financial Conduct Authority (FCA) mandates registration for crypto exchanges in the UK, and investors should exercise caution due to the speculative nature of cryptocurrencies.
One address has accumulated 8,674 BTC since Halloween
According to an article by Bitcoin News, since Halloween, one address has accumulated 8,674 BTC, equivalent to $323 million. In addition, they have continued to increase their holdings by 1,000+ BTC for the past three days.
Bitcoin mining difficulty increased by 5.07% to 67.96 T
BTC.com data shows that the difficulty of Bitcoin mining was raised by 5.07% to 67.96 T at block height 818,496, setting a new historical high. Currently, the average network computing power is 503.84 EH/s.
Adjunct professor at Columbia Business School: If traditional companies receive the same treatment as Binance, many people on Wall Street will be imprisoned
Omid Malekan, a part-time professor at Columbia Business School, said that the settlement of Binance highlights the ambiguous treatment of banks and cryptocurrency companies, and the Department of Justice's approach in this case is completely different from that in the traditional financial sector. Some people do not understand how other parts of the financial system work, and companies that follow best practices for anti-money laundering are still dealing with a large amount of illegal funds. But this is considered acceptable because someone did the paperwork. If traditional companies were treated the same way as Binance in similar cases, many people on Wall Street would be sent to jail. If they were required to meet the standards of Binance, hundreds of CEOs would be imprisoned, and funds used for share buybacks (or lobbying) would be reduced. But bankers are smart enough never to question this game. Binance has done a pretty good job in helping tens of millions of poor people, people of color, and other vulnerable groups enter the financial system, something compliant financial companies have failed to do for a long time.
Tether Advisor: If Milei wants to both shut down the central bank and delay dollarization, the best option is to buy Bitcoin and hard assets
Tether advisor Gabor Gurbacs stated on social media platform X that if Argentine President Javier Milei wants to both shut down the central bank and delay dollarization, his best choice would be to purchase Bitcoin and hard assets (gold and commodities) to immediately strengthen the Argentine peso. This will inspire confidence. Then, accept loans from the International Monetary Fund to make the US dollar and Bitcoin legal tender.
891 BTC transferred from Kraken to Bitfinex
According to Whale Alert, a blockchain data tracking service, at 00:00 Beijing time, 891 BTC ($33,725,274) was transferred from Kraken to Bitfinex.
Bitcoin transaction fees hit $61 million in past 7 days, surpassing Ethereum
According to IntoTheBlock's tweet, Bitcoin transaction fees have exceeded those of Ethereum this week. In the past 7 days, the total Bitcoin transaction fees amounted to 61 million US dollars.
Bounce Finance: Will provide incubation and auction support for BTC ecological projects
On November 25th, decentralized auction platform Bounce Finance announced on X platform that it is preparing to cultivate the BTC ecosystem extensively, focusing on providing incubation and auction support for BTC ecosystem projects. Stay tuned.
Bitcoin transaction fees hit $61 million in past 7 days, surpassing Ethereum
IntoTheBlock stated in an article on X platform that Bitcoin transaction fees have surpassed Ethereum this week. In the past 7 days, the total Bitcoin transaction fees have reached 61 million US dollars.
Bitcoin open interest reaches $16.947 billion
According to Coinglass platform data, the current open position of Bitcoin futures contracts has reached 16.947 billion US dollars. Among them, CME has the largest proportion, at 4.48 billion US dollars; Binance ranks second, at 3.881 billion US dollars; Bybit ranks third, at 2.773 billion US dollars.
TeleportDAO is suspected of being attacked, and its Bitcoin-anchored token TELEBTC has been seriously de-anchored
According to 0xScope researcher Bobie's monitoring, cross-chain Ordinals market TeleportDAO is suspected to be under attack, and the protocol's Bitcoin-anchored token TELEBTC appears to have become unanchored.
Analysis: If the purchasing power of USDT whales continues to increase, the price of Bitcoin is expected to exceed $40,000
According to Santiment data, the price of Bitcoin has reached $38,300 for the first time since May 5, 2022. Among many contributors, the top 100 largest Tether (USDT) addresses have increased their holdings by $1.67 billion in the past six months, with purchasing power growing by 9.7%. If the purchasing power of USDT whales continues to increase, the price of Bitcoin may soon break through $40,000.
1,000 BTC transferred from unknown wallet to Coinbase
According to Whale Alert, a blockchain data tracking service, at around 01:59 Beijing time on November 25th, 1000 BTC (worth about $37,976,165) was transferred from an unknown wallet to Coinbase.
Three wallets of a whale deposited 1,957 WBTC into Binance 13 hours ago
Lookonchain monitoring shows that three wallets belonging to a whale deposited 1,957 WBTC (worth $74.6 million) into Binance 13 hours ago. These three wallets always buy WBTC at a low price and sell it at a high price, earning over $24 million in WBTC.
Bitcoin mining company Bitfarms reached a private placement subscription agreement of approximately US$43.99 million with US institutional investors
According to GlobeNewswire, on November 24th, Bitfarms, a Bitcoin mining company, announced that it had reached a subscription agreement with certain institutional investors for a private placement in the United States, raising a total of approximately CAD 60 million (approximately USD 43.99 million), including 44,444,446 common shares and up to 22,222,223 common share purchase warrants exercisable over a period of three years.<br>The net proceeds from this private placement will be primarily used for acquiring more mining companies, expanding infrastructure, and improving its working capital. The private placement is expected to be completed around November 28, 2023.
