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CRYPTOCURRENCY

Bitcoin Passes $64k This Week! Bull Season is Back in Play

DALL·E 2024 08 26 17.39.01 A photo realistic image depicting Bitcoin passing 64k showing a Bitcoin coin prominently displayed in a unique style. This version should have a dar

This week, Bitcoin made headlines once again as Bitcoin Passes $64k, a level that had not been seen for several months. This surge is significant, signaling a potential resurgence of the bull market that had captivated investors worldwide in previous years. The rally has sparked excitement and optimism among cryptocurrency enthusiasts, with many wondering if this marks the beginning of a new era of growth for Bitcoin and the broader cryptocurrency market.

Bitcoin Passes $64k

Understanding the Drivers Behind Bitcoin’s Surge

Several key factors have contributed to Bitcoin’s recent price surge, each playing a role in reigniting the bullish sentiment in the market.

Bitcoin Passes $64k

1. Institutional Adoption and Growing Interest

One of the most important factors behind Bitcoin’s price increase is the growing adoption of the cryptocurrency by institutional investors. Over the past few years, Bitcoin has gradually moved from being a niche asset favored by tech enthusiasts and early adopters to becoming a more mainstream investment option. Major financial institutions, including banks, hedge funds, and publicly traded companies, have started to incorporate Bitcoin into their portfolios. This shift has been driven by the increasing recognition of Bitcoin as a store of value, similar to gold.

Bitcoin Passes $64k

In 2024, this trend has continued to gain momentum, with several large institutions announcing their intention to increase their exposure to Bitcoin. These moves have not only added credibility to the cryptocurrency but have also increased demand, driving up prices. The growing interest in Bitcoin ETFs (Exchange-Traded Funds) has also played a significant role. These ETFs allow investors to gain exposure to Bitcoin without having to hold the asset directly, making it easier for more traditional investors to participate in the market.

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Bitcoin Passes $64k

2. Favorable Regulatory Developments

Regulatory clarity has long been a significant concern for the cryptocurrency market. However, recent developments in the regulatory landscape have been largely positive, particularly in the United States. In 2024, there has been a shift towards more favorable regulations, with several countries, including the U.S., taking steps to create a more structured and supportive environment for cryptocurrencies.

Bitcoin Passes $64k

In the U.S., the potential approval of a Bitcoin ETF by the Securities and Exchange Commission (SEC) has been a major talking point. While a decision is still pending, the mere possibility of such an approval has already had a positive impact on market sentiment. The approval of a Bitcoin ETF would be a significant milestone, as it would provide a regulated and easily accessible way for investors to gain exposure to Bitcoin, further increasing demand.

Bitcoin Passes $64k

In addition to the potential for a Bitcoin ETF, other regulatory developments, such as the clarification of tax rules and the recognition of cryptocurrencies as legitimate financial assets, have also contributed to the positive sentiment in the market. These developments have reduced the uncertainty that has often plagued the cryptocurrency market, encouraging more investors to enter the space.

Bitcoin Passes $64k

3. Global Economic Factors and Market Liquidity

The broader economic environment has also played a crucial role in Bitcoin’s recent price surge. In 2024, global markets have been characterized by economic uncertainty, with concerns about inflation, interest rates, and the overall stability of traditional financial systems. In this context, Bitcoin has increasingly been seen as a hedge against economic instability and a potential store of value.

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Bitcoin Passes $64k

The ongoing injection of liquidity into global markets, particularly by central banks, has also contributed to the rise in Bitcoin’s price. As central banks continue to print money and keep interest rates low, many investors are turning to Bitcoin as a way to protect their wealth from the effects of inflation. This shift in sentiment has led to an increase in demand for Bitcoin, driving up its price.

Bitcoin Passes $64k
Bitcoin Passes $64k

Moreover, Bitcoin’s decentralized nature and limited supply have made it an attractive option for investors looking to diversify their portfolios and reduce their exposure to traditional assets. As more investors recognize the potential of Bitcoin as a long-term store of value, demand for the cryptocurrency is likely to continue to grow.

4. Technological Advancements and Infrastructure Development

Another factor contributing to Bitcoin’s resurgence is the ongoing development of the technological infrastructure that supports the cryptocurrency. In recent years, there have been significant advancements in the underlying technology of Bitcoin, including the implementation of the Lightning Network and other scaling solutions that have improved transaction speeds and reduced fees.

Bitcoin Passes $64k

These technological improvements have made Bitcoin more practical for everyday use, increasing its appeal to a broader audience. The development of user-friendly wallets and platforms has also made it easier for new investors to enter the market, further driving demand.

Additionally, the growth of decentralized finance (DeFi) and the increasing integration of Bitcoin into the broader financial ecosystem have also contributed to its rise. As more platforms and services begin to accept Bitcoin and integrate it into their offerings, the use cases for the cryptocurrency continue to expand, attracting more users and investors.

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The Broader Cryptocurrency Market Reaction

Bitcoin’s surge past $64,000 has had a ripple effect across the broader cryptocurrency market. This broader market rally suggests that the entire cryptocurrency space could be entering a new phase of growth.

Bitcoin Passes $64k
Bitcoin Passes $64k

The increase in trading volumes and market activity further supports this view. As prices rise, more investors are entering the market, leading to higher liquidity and more dynamic trading conditions. This increased activity is a positive sign for the health of the market and could help sustain the current bullish trend.

What’s Next for Bitcoin?

While the recent surge in Bitcoin’s price is certainly encouraging, it is important to remember that the cryptocurrency market is known for its volatility. Prices can change rapidly, and what goes up can also come down. However, many market analysts are optimistic about Bitcoin’s long-term prospects.

Bitcoin Passes $64k
Bitcoin Passes $64k

Some experts believe that if Bitcoin can break through key resistance levels, it could potentially challenge its previous all-time high of around $69,000. If this happens, it could pave the way for even higher prices, with some predictions suggesting that Bitcoin could reach $100,000 or more in the coming years.

While the current environment is favorable, external factors such as regulatory changes, technological developments, or macroeconomic shifts could impact the market.

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Conclusion

The recent surge in Bitcoin’s price past $64,000 marks a significant moment in the ongoing evolution of the cryptocurrency market. With increasing institutional adoption, favorable regulatory developments, strong global liquidity, and technological advancements, Bitcoin appears to be in a strong position for continued growth. However, as with all investments, it is important to approach the market with caution and conduct thorough research before making any decisions.

Bitcoin Passes $64k
Bitcoin Passes $64k

For ongoing updates and in-depth analysis of Bitcoin’s market movements and the broader cryptocurrency landscape, visit What’s Hot in UAE. Stay informed and make the most of the opportunities in this dynamic and rapidly evolving market.

CRYPTOCURRENCY

Ethereum Whale Places $182M Bet on ETH—Is a Major Move Incoming?

Ethereum Founder Vitalik Buterin Holds Less Than 10% of His Assets in Bitcoin

Reports surfaced of a massive $182 million ETH position being opened, initially suspected to be linked to the Ethereum Foundation. However, further blockchain analysis suggests this whale may be an independent early Ethereum investor. With a liquidation price set at $1,127, this position signals major confidence in Ethereum’s future price action. This event where an Ethereum whale places $182M Bet is noteworthy and signals a strong belief in Ethereum’s potential.

Here’s what’s happening and why it matters for the crypto market.

Vitalik Buterin
Ethereum founder, Vitalik Buterin.


1. Breaking Down the $182M ETH Position

A whale wallet recently deposited 30,098 ETH ($56M) into MakerDAO, bringing its total ETH collateral to 100,394 ETH (~$182M). The purpose? Lowering the liquidation price to $1,127, reducing the risk of a forced sell-off if ETH’s price drops significantly.

🔍 Key Facts About the Position:

Originally thought to be Ethereum Foundation funds but is likely an independent early ETH investor.
100,394 ETH is now locked in a MakerDAO vault, collateralizing a large loan.
If ETH drops below $1,127, liquidation will trigger, causing a massive forced sell-off.

What this means: This whale is betting big on ETH’s price holding strong—and potentially rising.

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Ethereum whale places $182M Bet

Ethereum Whale Places $182M Bet


2. Why This Matters: Market Impact & Whale Confidence

This $182 million ETH bet suggests high confidence in Ethereum’s long-term price stability. When large holders make moves like this, it sends strong signals to the market.

📊 How This Could Impact ETH Price:

🔹 Bullish Sentiment – Whales accumulating ETH at these levels can create a price floor, as retail investors follow the big money.
🔹 Lower Liquidation Risks – If the whale’s liquidation price was higher, a market downturn could trigger a cascading sell-off—now, the risk is minimized.
🔹 Market Volatility Ahead – Large leveraged positions like this can lead to increased price swings as traders react to whale moves.

Will ETH break out higher, or is this whale overexposed to market risk?

Ethereum 1
Ethereum holders have been more than patient.


3. What’s Next? ETH Price Scenarios & Market Speculation

With such a massive position open, the next Ethereum price moves could go one of two ways:

🚀 Bullish Case

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  • If ETH continues upward momentum, the whale profits massively.
  • Increased buying pressure from investors seeing whale confidence.
  • Positive narratives around Ethereum upgrades & institutional adoption drive price action.

⚠️ Bearish Case

  • If ETH declines sharply, pressure mounts as the whale’s position approaches liquidation.
  • If ETH drops close to $1,127, forced selling could trigger a cascade effect, pulling prices down further.

With Ethereum’s current price holding above liquidation levels, all eyes are on the next major market move.

Ethereum whale places $182M Bet
Ethereum whale places $182M Bet.


Final Thoughts: Is Ethereum About to Explode?

This $182 million ETH position is a major market signal that could influence Ethereum’s next move. Whether it’s a massive rally or a volatility shakeout, this whale is betting big on ETH’s future.

Ethereum whale places $182M Bet
Vitalik Buterin has been under recent public scrutiny.

Will they cash in on their bold play—or will the market push them to the brink of liquidation?

Stay tuned—this could be one of the biggest Ethereum trades of 2025.


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https://whatshotinuae.com

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CRYPTOCURRENCY

Crypto’s Next Big Surge: Market Makers Predict ‘God Candles’ on the Horizon

Bitcoin and a computer graphic card

After months of volatility and uncertainty, the crypto market is showing signs of a major rebound, with leading market makers forecasting massive pumps ahead. The key driver? The global M2 money supply, which has historically been a strong indicator of liquidity-driven price surges in digital assets. Crypto’s next big surge will be one to watch.

Are we about to witness a return to all-time highs? Here’s what the data is saying.

Crypto’s Next Big Surge: Bitcoin may attract $2T from new $20T money supply in 2025
Bitcoin may attract $2T from new $20T money supply in 2025


1. Market Makers Are Positioning for a Crypto Rally

While retail investors remain cautious, major market makers have been quietly accumulating. Their trading patterns suggest they are preparing for a significant market shift. Here’s why:

Deep Liquidity is Returning – As more institutional players re-enter the market, liquidity is improving, making it easier for large-scale buyers to execute trades without major slippage.

Smart Money is Loading UpOn-chain data shows whale accumulation, with major wallets increasing their Bitcoin and Ethereum holdings over the past three months.

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Volatility is the Perfect Setup – Market makers thrive in volatile conditions. They profit most from big price swings, and their latest strategies suggest a bullish move ahead.

What this means: Crypto is primed for an explosive rally, with insiders positioning themselves for massive price action in the coming weeks.

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2. The Global M2 Money Supply is Sending a Bullish Signal For The Surge

The M2 money supply (which measures global liquidity) has been a reliable indicator of crypto’s boom-and-bust cycles. Historically, when M2 expands, liquidity flows into alternative assets like Bitcoin and Ethereum.

🔥 Why M2 Growth Matters for Crypto:

💰 More Money in the System = More Speculation – When governments print money, it doesn’t just stay in savings accounts. Excess liquidity finds its way into risk assets, including crypto.

📈 Past Bull Runs Followed M2 Expansions – Every major Bitcoin rally has coincided with a rise in the global money supply. The last crypto bull market in 2020-2021 was fueled by a surge in M2 liquidity due to pandemic stimulus measures.

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🛑 M2 Tightening Crashed Markets in 2022 – When central banks reduced liquidity, crypto entered a brutal bear market. Now, with M2 showing signs of expansion again, market makers believe the next big leg up is coming.

The Key Takeaway: If M2 continues to rise, history suggests that Bitcoin and altcoins could be on the verge of their next major bull run.

Crypto’s Next Big Surge: Examining Code on Smartphone While Sitting at Desk
Examining Code on Smartphone While Sitting at Desk


3. What to Expect: Crypto’s Next Big Surge

If market makers are right and M2 continues expanding, here’s what could happen next:

🚀 “God Candles” & Rapid Price Surges – Bitcoin and Ethereum could see massive daily gains as liquidity floods into the market.

💎 Altcoin SupercycleSmaller, high-potential altcoins often outperform BTC & ETH during liquidity-driven rallies. Expect explosive moves in select altcoins.

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📊 Increased Leverage & Volatility – With more liquidity, traders will increase leverage, making the market more volatile but also potentially more rewarding.

Hype about bitcoin
Hype about bitcoin


Final Thoughts: Is Crypto About to Explode?

Market makers and on-chain data point to a massive shift in momentum, with rising M2 liquidity setting the stage for the next bull cycle.

Crypto’s Next Big Surge: Crypto coins on gold background
Crypto coins on gold background

Keep an eye on CoinMarketCap for daily info.

The question is: Are you positioned for it?

The signs are there—crypto’s next big surge could be closer than most expect.

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CRYPTOCURRENCY

Breaking News: Hackers Steal $1.4 Billion from Bybit in the Largest Crypto Heist Ever

DALL·E 2025 02 22 10.12.28 A dramatic news scene depicting a large scale cryptocurrency heist, with a dark, cyberpunk aesthetic. A hacker in a hoodie with a glowing laptop scree

In a shocking development, cryptocurrency exchange Bybit has fallen victim to one of the largest crypto hacks ever recorded, with hackers stealing over $1.4 billion worth of Ethereum (ETH) from the platform’s cold wallet. This incident marks a critical moment in the digital asset industry, raising concerns over cybersecurity measures and market stability.

Breaking News Hackers Steal $1.4 Billion from Bybit in One of the Largest Crypto Heists Ever
Breaking News Hackers Steal $1.4 Billion from Bybit in One of the Largest Crypto Heists Ever

How the Hack Happened: Exploiting Vulnerabilities

The attack targeted Bybit’s Ethereum cold wallet, which is typically considered secure due to its offline nature. According to Bybit’s co-founder and CEO, Ben Zhou, the hackers exploited a “masked” user interface (UI) and URL to deceive wallet signers into unknowingly approving a malicious transaction. This clever manipulation allowed the attackers to alter the smart contract logic, gaining full control of the cold wallet and draining its contents.

Blockchain analysis reveals that the stolen assets include:

  • 401,347 ETH
  • 90,376 stETH (staked ETH)
  • 15,000 cmETH (cross-chain wrapped ETH)
  • 8,000 mETH (multi-chain ETH)

In total, the theft amounts to over $1.4 billion based on current market prices, making it one of the most significant security breaches in cryptocurrency history.

The Lazarus Group are responsible for the Bybit hack
The Lazarus Group are responsible for the Bybit hack


Immediate Response and Security Measures

Ben Zhou addressed the incident publicly, reassuring users that other cold wallets remain secure and that withdrawals are still operational. He emphasized that Bybit maintains a 1:1 asset reserve ratio, ensuring that user funds are protected. To cover the loss, Bybit secured a bridge loan that accounts for 80% of the stolen ETH, eliminating the need for an immediate large-scale purchase of ETH in the spot market.

Hackers Steal $1.4 Billion
Hackers Steal $1.4 Billion


Market Reaction: Volatility and Speculation

News of the hack sent shockwaves through the cryptocurrency market, causing heightened volatility, especially for Ethereum (ETH). According to data from CoinMarketCap (CMC), ETH initially dropped from $2,828 to $2,708, marking a 4.2% decline. However, speculation that Bybit might need to repurchase ETH to cover losses led to a brief rebound of 3.36%, pushing the price back up to $2,759 within just 10 minutes.

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This surge was short-lived. During a livestream, Ben Zhou clarified that Bybit’s bridge loan would cover most of the loss, reducing the need to buy large amounts of ETH on the open market. This announcement shifted market sentiment, triggering renewed selling pressure as investors anticipated potential sell-offs by the hacker and broader risk aversion.

North korea's Lazarus Group have become a known entity in the Hacker community
North korea’s Lazarus Group have become a known entity in the Hacker community


Will the Hacker Sell? Challenges of Liquidating Stolen ETH

The hacker now holds more than 500,000 ETH, surpassing the holdings of Ethereum co-founder Vitalik Buterin, who reportedly holds around 240,000 ETH. The stolen funds have been distributed across 53 wallets, which are being actively monitored by blockchain security firms and smart contract auditing teams.

Selling such a large volume of ETH poses significant challenges for the hacker:

  1. Real-Time Tracking: Blockchain analytics firms like Chainalysis, Elliptic, and Nansen are monitoring the wallets in real time, making it difficult to move the stolen funds without detection.
  2. Liquidity and Market Impact: Offloading this volume of ETH on the open market would likely cause a major price crash, similar to what would happen if Vitalik Buterin were to sell his holdings all at once—only twice as impactful.
  3. Alternative Liquidation Methods: The hacker may attempt to use crypto mixers like Tornado Cash to obfuscate the transaction trail, although regulatory scrutiny and improved tracking technology have made this method less effective.
Over $927b was wiped from the Crypto & Stock market as a result of the hack
Over $927b was wiped from the Crypto & Stock market as a result of the hack


Timing and Broader Implications for ETH

The timing of the hack is particularly notable, as it coincides with ETHDenver, one of the largest annual conferences in the Ethereum ecosystem. Typically a catalyst for bullish sentiment, ETHDenver often features major project announcements and technological advancements. However, this year’s event is overshadowed by recent controversies within the Ethereum community and criticism directed at Vitalik Buterin and the Ethereum Foundation.

Combined with the Bybit hack, these factors have dampened market enthusiasm, casting a bearish shadow over an event that usually drives positive momentum for ETH.

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Bybit CEO Ben Zhou
Bybit CEO Ben Zhou


The Road Ahead: What Traders Should Expect

The cryptocurrency market is currently experiencing heightened volatility, with traders reacting sharply to both factual developments and speculative rumours. For example, the false assumption that Bybit would purchase large amounts of ETH temporarily drove prices up before Ben Zhou’s clarification reversed the trend.

Given the ongoing investigation and uncertainty surrounding the hacker’s next moves, significant price fluctuations are expected in the coming days. Traders, especially those using leverage, should exercise caution and closely monitor developments as the situation unfolds.

Bybit is one of the world's biggest trading platforms
Bybit is one of the world’s biggest trading platforms


Security Lessons and Industry Impact

The Bybit hack serves as a stark reminder of the vulnerabilities that persist in the cryptocurrency industry, even for platforms with advanced security measures. It underscores the need for continuous innovation in cybersecurity and stricter protocols to prevent unauthorized access to cold wallets.

ByBit under hack attack over $1.4 billion in ETH stolen
ByBit under hack attack over $1.4 billion in ETH stolen

Moving forward, industry stakeholders, including exchanges, regulators, and security firms, must collaborate to enhance protections against increasingly sophisticated cyber threats. Meanwhile, users should remain vigilant, ensuring they store their assets securely and stay informed about the latest developments in digital asset security.


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