ZachXBT revealed a $243 million social engineering attack in which three suspects successfully stole the crypto assets of a Genesis creditor through an elaborate multi-step scam. The suspects impersonated Google support staff to gain access to the victim's personal account. The 4,064 bitcoins involved in the theft were quickly dispersed to more than 15 exchanges after being stolen. https://x.com/zachxbt/status/1836752923830702392…

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Bitcoin's price briefly touched $60,000 last week. Under a diminishing returns model, this is no mere noise. The market is touching the weakest link in the entire four-year cycle and logarithmic growth framework.

With the gains at the top of the Bitcoin cycle already significantly compressed, a further historically deep correction would completely negate the allure of its classic cycles.

This is not a prediction; it's a mathematical law.

Cycle Top Gains are Compressing

Historical Bitcoin Cycle Tops:

· 2013: ~$1,242

· 2017: ~$19,700

· 2021: ~...

$55,000 will be the lifeline for Bitcoin.

The crypto market experienced a sharp drop this afternoon, with Ethereum falling below the $2,000 mark at 3 PM Taiwan time, according to Hyperliquid [...]
The article, titled "Machi Big Brother Suffers Huge Losses and Didn't Sleep All Night? Ethereum Falls Below 2000 Magnesium, Panic Arrives, Opens Long BlockTempo and Loses 120,000 Magnesium," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Machi Big Brother lost so much money he couldn't sleep all night? Ethereum fell below 2000, causing panic. He long positions in ETH and HYPE, then sold at a loss, losing all 120,000 in magnesium.

Chinese billionaire Bitcoin miner Jiang Zhuoer argued that investors in the US stock markets are still in the early stages of developing an interest in Ethereum ($ETH).
Zhuoer, who stated that he has ...