CRYPTOCURRENCY
The Normie’s Guide to Crypto
Cryptocurrency can seem confusing, especially if you’re not familiar with tech or finance. The Normie’s guide to crypto explains the basics, including the recent trend of meme coins like Brett, Pei Pei, and Draggy.
What is Cryptocurrency?
Cryptocurrency is a type of digital money. Unlike regular money (like dollars or euros), which is issued by governments, cryptocurrencies are created and managed using computer technology called blockchain.
Understanding Blockchain
Think of blockchain as a digital ledger or record book that is open for everyone to see. Here’s how it works in simple terms:
- Starting a Transaction: Imagine you want to send some digital money to a friend. You create a transaction.
- Verification: This transaction is sent to a network of computers (called nodes) that check if everything is okay and approve it.
- Creating a Block: Approved transactions are grouped together to form a block.
- Adding to the Blockchain: This block is then added to a chain of previous blocks (hence, blockchain). This chain is permanent and cannot be changed.
- Completing the Transaction: Your transaction is now complete, and everyone can see it in the blockchain.
Key Terms in Cryptocurrency
- Bitcoin (BTC): The first and most famous cryptocurrency.
- Altcoins: Any cryptocurrency other than Bitcoin, like Ethereum or Litecoin.
- Wallet: A digital tool to store, send, and receive cryptocurrency.
- Private Key: A secret code that lets you access your cryptocurrency.
- Public Key: An address that others can use to send cryptocurrency to you.
READ MORE: Ethereum ETFs Will Make Millions
How to Buy Cryptocurrency
- Choose a Platform: Pick a website or app where you can buy and sell cryptocurrency, such as Coinbase or Binance.
- Create an Account: Sign up and verify your identity.
- Deposit Money: Add some money to your account using a bank transfer or credit card.
- Buy Cryptocurrency: Use your money to buy the cryptocurrency you want.
- Secure Your Investment: Move your cryptocurrency to a secure wallet.
The Rise of Meme Coins
Recently, “meme coins” have become very popular. These are cryptocurrencies that start as jokes or memes but can quickly gain value if people start buying them.
Notable Meme Coins
- Dogecoin (DOGE): Started as a joke based on a popular dog meme. It has become very popular and is used for online tipping and charity.
- Shiba Inu (SHIB): Another dog-themed coin, created as a fun experiment and has seen significant price changes due to social media hype.
Latest Meme Coins: Brett, Pei Pei, and Draggy
- Brett: Named after an internet personality, it’s a playful coin that has attracted many fans.
- Pei Pei: Features a fun mascot and is popular with young investors looking for big gains.
- Draggy: Inspired by dragon memes and fantasy culture, it’s gained a lot of attention recently.
Risks and Considerations
Meme coins can make you money quickly, but they are very risky. Their prices can go up and down a lot because they rely on hype and trends. Be careful and research before investing.
The Future of Cryptocurrency
Cryptocurrency is still new and constantly changing. New developments like decentralized finance (DeFi) and digital collectibles (NFTs) are expanding what cryptocurrencies can do. As more people use cryptocurrencies, and as governments create rules for them, they will likely become a bigger part of our financial system.
Conclusion
Cryptocurrency is a new type of digital money that can seem complicated, but understanding the basics will help you get started. Meme coins like Brett, Pei Pei, and Draggy show how playful and unpredictable this market can be. Always stay informed and be cautious when investing.
For more simple and detailed updates on cryptocurrency and financial trends, visit What’s Hot in UAE.
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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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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CRYPTOCURRENCY
Pro-Bitcoin RFK Jr. Confirmed as US Secretary of Health and Human Services
In a landmark move for both the crypto and political spheres, Robert F. Kennedy Jr. has officially been confirmed as the US Secretary of Health and Human Services (HHS). This confirmation marks a significant moment, not just for healthcare policy, but for the broader Bitcoin and decentralised finance landscape. Pro-Bitcoin Advocate RFK Jr now makes his way into making some big changes.
RFK Jr.’s Stance on Bitcoin and Financial Freedom
A long-time advocate for financial sovereignty, Kennedy has been vocal about his support for Bitcoin and decentralised currencies. During his 2024 presidential campaign, he proposed bold initiatives, including:
- Encouraging the US Treasury to hold Bitcoin reserves as a hedge against inflation.
- Strengthening crypto regulations in favour of individual financial autonomy.
- Opposing central bank digital currencies (CBDCs) due to concerns over government overreach and financial surveillance.
His confirmation now raises major questions about how his crypto-friendly policies might impact financial and healthcare sectors in the United States.
How This Affects Crypto Policy in the US
With RFK Jr. holding a key role in the Biden administration, could we see a shift in the government’s stance towards Bitcoin and decentralised finance (DeFi)? Key areas of interest include:
💰 Potential Bitcoin Treasury Reserves – Will the US government embrace BTC as a hedge?
🏛 Regulatory Changes – Could Kennedy push for pro-crypto regulations that protect digital assets?
🛑 CBDC Opposition – His appointment might slow down government-backed digital currencies in favour of decentralised solutions.
RFK Jr.’s Role in Healthcare and Crypto Policy
Beyond his crypto advocacy, RFK Jr. is stepping into a critical role overseeing public health policies, healthcare funding, and pharmaceutical regulations. His tenure may see a significant overhaul of current policies, particularly concerning medical freedom, vaccine mandates, and the integration of blockchain technology into the healthcare sector.
Blockchain-based solutions could enhance medical record security, streamline healthcare transactions, and improve supply chain transparency. With Kennedy at the helm, we might witness increased adoption of decentralised technology in health services, creating a more transparent and secure system for patient data management.
The Future of Decentralisation in Government
Kennedy’s appointment is a bold step towards the integration of decentralised financial and technological solutions into government infrastructure. While his influence within the administration will be tested, his ability to advocate for economic and digital freedom within a structured government framework will set a precedent for future discussions around cryptocurrency and decentralised governance.
The global crypto community is keeping a close watch on how Kennedy balances health policy with financial innovation. His actions could determine whether Bitcoin gains further legitimacy within government reserves, or if his influence remains largely symbolic within the broader regulatory landscape.
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