Earlier today, Changpeng Zhao (CZ), the founder of Binance, tweeted:
โDepending on perspective, not sure if this is good or bad โnewsโ. Are we done? We are still here. And WAGMI.โ
The acronym โWAGMIโ stands for โWe Are All Gonna Make It,โ a phrase commonly used in the cryptocurrency community to express optimism and solidarity.
CZโs message seems to reflect on the resilience of the crypto community amidst market fluctuations, suggesting that despite challenges, the community remains steadfast and optimistic about the future.
Whether this is perceived as good or bad news depends on individual perspectives. Some may view it as a reaffirmation of the communityโs strength, while others might see it as a reminder of the inherent volatility in the crypto market.
Itโs just so funny how North Korea, one of the least developed countries in the world, can pull off these insane cyber heists. Like, imagine having almost no internet access but still managing to hack global banks and crypto exchanges. Priorities, I guess. ๐
Crypto Scoop
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๐จ SHOCKING: North Koreaโs Crypto Heist Just Got Bigger!
North Koreaโs infamous hacking group, Lazarus, has just pulled off another massive move in the crypto world! ๐ฐ๐ป After the $1.4 billion Bybit hack, they laundered stolen Ethereum ($ETH) into Bitcoin ($BTC)โand now they hold a jaw-dropping 13,562 BTC worth around $1.12 billion! ๐ฑ๐ฅ
๐ What Happened?
Lazarus hacked Bybit, stealing 500,000 ETH ($1.39B). They used THORChain to convert ETH to BTC in just 10 days! โณ๐ธ Before this, they had only 778 BTC, but now they hold more than El Salvadorโs national Bitcoin reserves! ๐ธ๐ป๐ Their BTC stash skyrocketed from 778 to 13,518 BTC by March 4.
๐ก Why This Matters:
North Korea is now one of the biggest Bitcoin holders in the world! ๐ U.S. authorities are on high alert, tracking these movements. ๐๐ THORChain is under fire for not blocking the stolen funds, making $5.9B in transaction volume and $5.5M in fees. ๐ณ
๐ Whatโs Next? With the FBI and global regulators watching closely, could we see a major crackdown on Lazarusโ funds? Or will they find another loophole to move their crypto fortune? ๐ค๐ญ
What do you thinkโWill they get caught, or will they keep getting away with it? Drop your thoughts below! ๐๐ฅ #LazarusGroup #cryptohacks
On his Social account, Trump declared, โOur economy will BOOM, like never before! Meanwhile, $BTC and $ETH is soaring, showing strength in the market. Is this the start of a new financial wave? ๐๐
The ICC has reportedly issued a warrant against a former Philippine president, sparking controversy as the Philippines is no longer a member of the ICC.
Many question the legality of this move, arguing that the country withdrew from the court in 2019.
However, legal experts point out that the ICC retains jurisdiction over alleged crimes committed while the Philippines was still a member.
President Duterte is the best president the Philippines has ever had! His leadership, bravery, and dedication to the country will never be forgotten. Justice for PRRD!
Market crashes? No problem. Liquidated? Who cares. All I need is my conviction, a little bit of faith, andโฆ well, I guess I couldโve kept my shirt. But hey, when $BTC dips, you buy, no excuses!
Some people panic sell, but not meโI go all in, literally. Banks might question my life choices, but they wonโt question my dedication. Now, letโs just hope the market bounces back before I need to buy clothes again. ๐คฃ๐ธ๐ธ๐ธ
Or did all of this start when Trump became president again? Ever since he took office, the market hasnโt been the sameโstrategic Bitcoin reserves, the White House crypto summit, and now a steady dump.
Coincidence or something bigger? Either way, the market isnโt reacting well. ๐ตโ๐ซ๐ตโ๐ซ๐ตโ๐ซ
Seems like the strategic Bitcoin reserves and the White House crypto summit arenโt doing crypto any favors. Ever since these were announced, the market has been dumping, and things havenโt looked good since.
Was this supposed to be bullish news? Because itโs having the opposite effect. Regulation talks and government involvement always shake up the market, but this time, it feels like itโs dragging everything down. Hopefully, this is just temporary, but for now, all we can do is wait and see how it plays out.
Luckily, I only used my excess budget for this, so Iโm willing to hold through the storm. Hehe. The lesson here? It all goes back to the first piece of advice everyone gives youโonly invest money you can afford to lose.
Crypto is a wild ride, and days like this remind us why risk management is so important. Whether it bounces back or dips further, Iโm just here for the long game. Stay strong, fellow holders!
Wew! Waking up to this massive dump was definitely not what I was expecting. Just yesterday, everything seemed fine, and now itโs like the entire market decided to take a nosedive overnight. Crypto, what happened to you?!
One moment, weโre seeing green candles and hoping for a breakout, and the next, itโs a sea of red. Itโs crazy how this space can shift so fastโone day, everyoneโs bullish, and the next, panic sets in. If youโve been in crypto long enough, you know volatility is part of the game, but damn, this one hits hard.
Are we just seeing another shakeout before a big rebound, or is this the start of something worse? Whatever it is, time to strap in and see where this rollercoaster takes us.
The U.S. market is now open, and we might see another crypto dip today. Volatility is expected, but donโt panic and sell at a loss.
These dips are often temporary, and the market tends to bounce back. Stay patient, stick to your strategy, and donโt let short-term moves shake your confidence.
Remember, smart investors know that downturns can present opportunities. Stay focused!
CZโs post is reacting to the news that the U.S. might sell some of its gold reserves to buy Bitcoin. His tweet, โSomeone check on ___, please. ๐โ is likely teasing traditional gold investors, Bitcoin skeptics, or even major financial institutions that have long doubted crypto.
Basically, heโs saying, โIf this is true, some people must be panicking right now!โ Itโs a classic crypto vs. gold moment.
Iโve been noticing a patternโevery night at 10 PM (which is 9 AM in the US), prices seem to take a dive. Then, as the US market wakes up, things start moving in a way that looks like manipulation. Itโs almost as if the cycle repeats daily.
Could this be intentional? Are the big players taking advantage while the rest of us are asleep? The timing is too consistent to ignore.
Maybe itโs just market movements, or maybe thereโs something bigger at play. Are we all thinking the same thing, or is it just me?