Defrank

📌The United States Securities and Exchange Commission (SEC) opens an investigation into Elon Musk regarding the purchase of Twitter.

This time the SEC no longer has its sights on the crypto sector, as we are used to, setting its sights on Elon Musk and the acquisition of Twitter.

Apparently the millionaire would not have attended to testify last month. The SEC began requesting documents from Musk and other involved parties in April 2022.

After testifying twice last year, Musk decided not to appear this last time, so the SEC began to act.

Remember that there were many interested in the acquisition of Twitter with people from the crypto sector, including CZ Zhao from Binance, who supported Musk's purchase with $500 million dollars.

#cryptonews
#crypto2023
#Bitcoin
#BTC
$BTC

🔥Is there a stablecoin war between USDC and USDT?

The protocol #DRIFT of the network #solana has announced that it has secured a compensation package from the team of @Tether USDT (#USDT ), this after suffering a hacker attack on April 1 that cost $280 million dollars. Following this attack, there were also strong criticisms towards @Circle USDC (#USDC ) for not acting in time.

The company behind USDT, Tether, will support a $150 million dollar recovery program for Drift. This will somehow help Drift resume its activities and recover its users' funds. Additionally, the Drift team indicated that it will transition its settlement asset from the stablecoin USDC to USDT.

Circle was heavily criticized after the attack that Drift suffered, as it did not freeze the USDC wallets linked to the hackers of the Drift protocol, despite having hours to intervene and the identification of the wallets, according to blockchain investigator ZachXBT.

Which stablecoin do you trust the most? USDC or USDT?

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$USDT

🔥Users lose money by downloading fake application on Apple 👀

Although it sounds hard to believe, this actually happened. #Apple , the apple company, has confirmed that it has removed a fake application that pretended to be the official application of the #billetera of #Criptomonedas #Ledger , this after it was confirmed that more than 50 victims were affected by this scam, costing them money.

A single oversight can cost you money in self-custody. According to a statement from Apple, it mentions that the fake Ledger live application had already been removed on Tuesday and the developer of that fake application was also expelled from the Apple app store.

It was a premeditated job. The developer of this fake application used the “bait and switch” strategy to trick users into installing this fake Ledger Live application. Once they had the application installed, users shared their seed phrases.

According to blockchain investigator ZachXBT, he discovered that at least 50 users were victims of this scam between April 7 and 13, detecting losses of around $9.5 million. A real shame.

How do you protect your cryptocurrencies? Do you do self-custody or do you keep them in a centralized exchange?

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$BTC

🔥Hacker manages to take control of a Polkadot bridge and manages to make off with money 👀

Several blockchain analysts alerted in the last hour to an incident affecting an important bridge of the ecosystem of #Polkadot . About #hackers managed to exploit a vulnerability in the Hyperbridge gateway contract to mint tokens #dot in #Ethereum and subsequently sell them.

That was the original plan; hackers had their sights set on Hyperbridge, managing to bypass the security of this interoperability protocol, which gave them access to forge messages and take administrative control of the DOT token contract on Ethereum.

They wanted to carry out this movement quickly and without raising suspicion. Once they had control, they decided to mint one billion DOT (Polkadot) tokens on Ethereum, quickly selling them for a value of $237,000. The price of DOT in the last hours of the incident fell by 5% down to $1.17. Several exchanges have taken measures due to this incident.

Have you ever used this bridge in the Polkadot ecosystem?

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$DOT

🔥Bitcoin reaches $ 73,000 dollars as inflation data in the United States is released 👀

The consumer price index (#cpi ) of the United States for March rose to 3.3% year-on-year, slightly below the
expectation by Wall Street of 3.4%. Meanwhile, the price of #bitcoin briefly touched the levels of $ 73,000 dollars.

The recent data of #inflación published is important, as it fully captures the impact of the increase of #petróleo related to the conflict in the Middle East. The price of crude briefly touched the zone of $ 115 dollars in March, a price not seen since 2022.

With the reading of this data, some analysts speculate that the Federal Reserve (#Fed ) may have plans for an interest rate cut in the coming months. However, this did not change short-term expectations regarding a rate cut in the upcoming Fed meeting in April, where it is predicted that there will be no rate cut.

Do you think Bitcoin has already hit the bottom and is just waiting for a clearer outlook to start rising?

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$BTC

🔥Bitcoin: The "Hormuz Effect" could have a significant impact

The new proposal that has #iran to charge oil tankers a tax or fee of #Criptomonedas for passing through the strait of #Ormuz could create an important source of demand in #bitcoin .

Iran has indicated that it could charge around $1 per barrel for each oil tanker that transits through the strait. According to Yahoo Finance, based on volumes prior to the conflict and making a conversion, it would amount to about $20 million in
daily revenue from this toll.

Now, if we want to talk in terms of Bitcoin, at current prices, this translates to about 280 BTC per day, compared to the 450 BTC that the network issues daily. This
would indicate that, under this scheme, this toll could absorb 60% of the new Bitcoin supply. If this happens, it would mark a shift towards structural, rather than speculative, demand for Bitcoin (real numbers).

Of course, all of this is hypothetical as several factors are not being considered. Most importantly, one key factor is that it is not being taken into account whether the Bitcoins collected by Iran will
be held or if they will be converted to fiat immediately. If sold
immediately, this could indeed have a negative impact.

For now, the toll charge for the Strait of Hormuz is just a plan, and there is no information on when it could be implemented and whether it will be in Bitcoin or some other cryptocurrency. These are just some metrics that could be considered.

Do you think that if the toll is charged in Bitcoin it could have a positive impact on the price?

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🔥Toll in Crypto? Iran's controversial plan for the Strait of Hormuz 👀

Following the announced ceasefire for two weeks, #iran is taking measures to impose transit fees or taxes on oil tankers using the Strait of Hormuz, and payments in #Criptomonedas will be allowed, including to #bitcoin .

According to statements in the Financial Times by Hamid Hosseini, spokesperson for the union of oil, gas, and petrochemical exporters in Iran, the toll that Iran wants to implement will be set at around $1 per barrel of oil, making calculations a
oil tanker could pay up to $2 million for crossing the strait of #Ormuz .

Why does Iran want payments to be made in cryptocurrencies or Bitcoin? This is something that was anticipated, as Iran wants to reduce exposure to the dollar, as a measure to limit the risk of its funds being frozen due to sanctions. Moreover, since March, a sudden increase in Bitcoin transactions in Iran has already been reported.

Do you think Bitcoin should be used as a payment method in the Strait of Hormuz?

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🔥Bitcoin clings to $68,000 while Iran's clock ticks down to zero 👀

The price of Bitcoin remains stable, approaching $68,800, as the deadline given by the United States to #iran to free the Strait of Hormuz and end the Middle Eastern war draws near.

Volatility took hold of #bitcoin right at the opening of traditional markets, in response to recent messages from Donald #TRUMP directed at Iran. According to Trump, he stated that “a whole civilization will die tonight,” referring to the deadline he has set which expires in a few hours.

Despite these strong messages and as the hours pass, the price of risk assets and traditional markets have not had a significant movement, as if they were ignoring this important fact. Meanwhile, the price of crude has been fluctuating, reaching up to $116 per barrel at the start of the day.

Do you think the Strait of Hormuz will be freed and the Middle Eastern war will end today?

#trumpdeadlineoniran
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🔥Markets rise again after the latest message from Trump about the conflict in the Middle East 👀

Cryptocurrency markets rose again, this after U.S. President Donald #TRUMP sent a strong message to #iran to reopen the Strait of Hormuz, including reports of a possible ceasefire that could finally end the
Middle East war.

In a post he made last weekend on the Truth Social platform, Trump threatened that Iran would "live through hell" if the Strait of Hormuz was not reopened. And not only that, but he also set a specific deadline, marking the deadline
for Tuesday at 8 p.m. EST.

Additionally, he also states that Iran is negotiating, but he was very optimistic about the possibility of reaching a good agreement, according to statements on Fox News. Meanwhile, the price of #bitcoin jumped again to levels of $70,000 dollars after these messages.

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🔥Bitcoin and the market react to the possibility of the war in the Middle East coming to an end 👀

On Wednesday, the price of #bitcoin had a brief jump that brought it back to levels of $69,000, while traditional #mercados also shows signs of recovery. All of this occurs amid statements from Donald #TRUMP regarding the consideration of options to end the war in the Middle East.

According to a report from The Wall Street, it is mentioned that Trump told his aides that he might consider ending the war in Iran, but regarding the Strait of Hormuz, it would be a point to be defined, as it could remain partially closed. This would make it difficult
for the price of oil to stabilize in the short term.

Now, this is not 100% confirmed as there is no official statement, however, the markets took it as something positive and began to move. The price of Bitcoin reached up to $69,310, while other #Criptomonedas like Ether and Sol also saw a brief rebound.

Do you really think the conflict in the Middle East will come to an end? Do you think it will affect the price of Bitcoin when announced?

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🔥The presidential elections in Peru are approaching, and on Polymarket, you can already predict the winner. 👀

The elections to choose the next president of Peru will be held on April 12, and the market related to this event is already available at #Polymarket , and as the decisive day approaches, the bets are changing.

It's no surprise that markets of this type open on Polymarket; just mentioning what happened with Donald #TRUMP in the last presidential elections in the United States, where several media outlets in that country referred to the data from Polymarket as if it were an official poll.

In two weeks, the elections in Peru will begin, and the pieces are already starting to move on Polymarket. However, nothing is certain yet, as the favorite so far on Polymarket does not exceed 40%.

I estimate that, in the coming weeks, doubts regarding government plans will start to clarify through the speeches of various candidates, and we will have a clearer picture regarding the presidential elections to at least see the first candidate surpassing 40% in preference.

Did you know that you can see in real-time the preferences in presidential elections of various countries and bet on them?

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$POL

🔥Someone has won 1 million dollars just by betting on the conflict between the United States and Iran 👀

This story sounds a bit out of place, but in the prediction market #Polymarket you can target any market and it rewards you if you get it right. Someone took advantage of the fact that there was a prediction market about attacks in the conflict between the United States and Iran, and in the last two years, they won 1 million dollars.

According to @Bubblemaps.io , someone was able to make a big profit thanks to their bets (luck?) betting on attacks in the conflict between the United States and Israel in recent years, with almost perfect accuracy and using several wallets or linked accounts on Polymarket.

There are already cases related to these very accurate gains; just to mention one example, in the last month Israel arrested a member of its military troops for "insider trading" on Polymarket.

That is why researchers are looking for other similar cases with large sums of money in profits, and they just came across one. This new individual has the peculiarity of having bet with different wallets or accounts connected only to the market of military attacks between the United States and Israel. To make it even more suspicious, this individual only bet hours before a market closed on Polymarket.

As if that weren't enough, this individual has not yet been captured and continues to bet on Polymarket. It is suspected that they have insider information, so they could be a military person of high rank.

Do you think that the “insider trading” on Polymarket should be captured or do you think they should continue betting freely?

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$POL