CRYPTOCURRENCY
Tangem Pay: Visa & Tangem Get Together
Tangem is introducing Tangem Pay, a groundbreaking payment technology that merges the worlds of traditional banking and digital assets. This Visa-certified solution allows users to spend cryptocurrencies like Tether directly from their self-custodial wallet, seamlessly using merchants’ payment terminals or online. Certified by Visa in February 2022, Tangem Pay offers a user-friendly experience by integrating the ease of a traditional bank card with the security and autonomy of a self-custodial crypto wallet. Visa & Tangem Get Together.
But what is it?
What sets Tangem Pay apart is its ability to function with or without a seed phrase. Unlike many other crypto wallets that require a seed phrase for recovery, Tangem Pay uses a smart contract-based system, which simplifies access while maintaining security. The technology is available with just one card, providing users with a seamless payment experience without the need for complex recovery phrases. According to co-founder Andrey Kurennykh, this innovation marks a significant step toward bridging the gap between traditional financial systems and digital assets.
Tangem plans to offer Tangem Pay to users of other wallets, such as MetaMask, Ledger, and Trust Wallet, allowing for more widespread adoption. The company is also developing a platform as part of a software-as-a-service solution that will enable any wallet or bank to issue crypto payment cards under their brand. This move will revolutionize how both businesses and consumers interact with cryptocurrencies, allowing banks to integrate crypto solutions into their existing product lines seamlessly.
The mechanics
Starting with Tether on the Polygon network, Tangem Pay will support a wide range of cryptocurrencies, with plans to expand this offering over time. Visa’s Cuy Sheffield, head of crypto at Visa, highlighted the importance of this collaboration, emphasizing how it is setting the stage for next-generation payment solutions that prioritize both ease of use and security.
A growing follower-base
Since its inception in 2021, Tangem Wallet has grown significantly. The wallet, which is card-shaped and offers both seed and seedless wallet activation options, allows users to store major cryptocurrencies such as Bitcoin. The technology has proven to be popular, with Tangem boasting over one million cards produced and its wallet now available in 160 countries.
Tangem’s success with self-custodial wallets is notable, with 80% of users activating their wallets without seed phrases thanks to Tangem’s smart backup technology. A Tangem wallet can contain up to three identical cards, functioning like having multiple keys to the same door. This feature offers an extra layer of security and convenience for users who may worry about losing access to their wallet.
As the demand for crypto payment solutions increases, Tangem’s vision is clear. By bridging the gap between traditional and digital payment systems, Tangem Pay is poised to redefine how users and businesses manage and transact with digital assets. This latest development solidifies Tangem’s role as a pioneer in the growing field of crypto payments, helping to pave the way for more mainstream adoption of digital currencies.
Tangem Pay’s launch is eagerly anticipated by crypto enthusiasts and tech-savvy consumers alike. By providing an innovative solution that allows for the seamless integration of crypto payments into everyday life, Tangem is pushing the boundaries of what’s possible in the fintech and blockchain spaces.
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What’s Hot in UAE
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.
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.
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?
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
- 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.
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.
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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CRYPTOCURRENCY
Crypto’s Next Big Surge: Market Makers Predict ‘God Candles’ on the Horizon
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.
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 Up – On-chain data shows whale accumulation, with major wallets increasing their Bitcoin and Ethereum holdings over the past three months.
✅ 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.
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.
🛑 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.
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 Supercycle – Smaller, high-potential altcoins often outperform BTC & ETH during liquidity-driven rallies. Expect explosive moves in select altcoins.
📊 Increased Leverage & Volatility – With more liquidity, traders will increase leverage, making the market more volatile but also potentially more rewarding.
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.
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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https://whatshotinuae.com
CRYPTOCURRENCY
Breaking News: Hackers Steal $1.4 Billion from Bybit in the Largest Crypto Heist Ever
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.
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.
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.
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.
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.
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:
- 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.
- 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.
- 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.
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.
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.
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.
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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