⚠️ Spam transactions allowed stealing $68 million

Spam transactions are a scheme where scammers send you small amounts from addresses similar to yours. Often, they have matching beginnings and endings of your wallet address, which allows them to capitalize on carelessness. Users sometimes hastily copy the address of the last transaction, which is the scammer's address.

A few hours ago, someone lost 1 155 WBTC—wrapped #BTC for use on the #ETH blockchain—using this scheme.

Have you encountered similar attacks? 💩

#Opinion

🔮 Peter Brandt claims that #BTC will rise to $100,000 - $125,000 over the next 74 bars on the weekly chart, which is equivalent to 518 days.

Seems a bit sparse 🤔

🪙 Currently, the adoption of #BTC stands at 4.7%

If we compare Bitcoin adoption to the adoption of the internet, we are approximately at the level of the beginning of 1999.

Is there room to grow? 🚀

🪙 A Bitcoin wallet that has been holding coins since 2011 sold 687 #BTC today for $44 million

Someone stocked up on digital gold at $2 a pop and finally decided to cash in their stash.

Well, either that or they finally remembered the password 🤷‍♂️

🪙 Today marks 10 years since Charlie Munger called #BTC "rat poison."

As of today, "rat poison" is worth over $63,000, and Charlie is already gone.

There you have it, opinions of authoritative figures 🗿

📌 CoinShares has prepared a report on crypto financial flows for the past week:

#BTC - investment outflow of $284 million.

#ETH - inflow of $30 million.

Inflows were also noted for many altcoins. The most significant ones were:

#AVAX - $0.5 million.
#ADA - $0.4 million.
#DOT - $0.3 million.

📌 KickEX Opinion:

Negative sentiments among traders continue to be fueled by news regarding cryptocurrency regulation.

For example, we can mention the statement by CFTC Chairman Rostin Benham about new sanctions against professional participants in the cryptocurrency market.

Also recently, investors received news of a possible SEC lawsuit against Robinhood for violating securities market laws, in the form of a "Wells notice" notification.

Taking into account the past year and the stories of legal proceedings by US securities market regulators against Binance, Coinbase, Kraken, the news of new cases does not instill confidence in buying cryptocurrencies.

However, on the other hand, the launch of trading in cryptocurrency investment products in Hong Kong has slightly smoothed out the negativity and has not caused quotes to plummet even further, with an inflow of around $307 million.

#Opinion

👑 Renowned cryptographer Adam Back believes that one Bitcoin is ten times rarer than a kilogram of gold

According to him, although the value of #BTC is currently similar to that of gold, in this cycle, it should be reevaluated and settle at the level of 10 kilograms of gold per #BTC.

Like if you didn't know digital gold is as valuable as the real deal 😰

#Opinion

🪙 Tom Lee, the head of the research division at Fundstrat, is expecting #BTC to reach $150,000

The analyst believes that Bitcoin will reach this figure by the end of the year, with the nearest milestone around $100,000 being achieved by summer, despite dropping below $70,000.

This isn't the first time an analyst has mentioned this particular price point 🤔

🪙More than 3.6 million #BTC are currently lost

There's a belief that around 60% of bitcoins haven't been lost and are actually held by Satoshi Nakamoto. However, there's still no evidence of this, and it's possible that all these coins were permanently lost along with the old computers of early crypto enthusiasts.

Check your old hard drives, maybe you have a couple of thousand BTC lying around among the old files 💰

📌 Analysts at #Bernstein believe that the current flat price of Bitcoin is advantageous for public miners

#Opinion KickEX:

It's a typical situation where large market participants eliminate competitors by absorbing groups of smaller participants.

Bitcoin's blockchain is a flexible and well-thought-out self-regulating system where rewards are redistributed among all participants. Considering that the reward for mined blocks decreased after the halving, many small miners find it difficult to continue their activities at the new reward level.

Large miners have a large reserve of resources to comfortably navigate this stage. However, small miners are forced to sell their #BTC to cover expenses, but often this is not enough.

Hence, pressure on the BTC price arises.

⚡️ #BTC responds to the publication of inflation data in the USA

For April, it stood at 3,4%, in line with forecasts; the previous figure was 3,5%.

Against this backdrop, #Bitcoin has risen to $64 000 and continues to climb 💃

💪 #BTC has once again outperformed #gold, this time in terms of #ETF

By the end of the first quarter of this year, 937 professional firms invested in American spot #Bitcoin ETFs, while only 95 invested in gold.

❤️ — if you don't know what "professional firms" are and need a #dictionary

💸 #MorganStanley invested $269.9 million in Grayscale's spot #Bitcoin #ETF in the first quarter

Now Morgan is the largest holder of GBTC after Susquehanna International Group, who invested $1 billion.

First banks criticize #BTC, and then they buy it 🧠