Episode 528
📍 The FBI has linked North Korea to the $1.4 billion Bybit crypto heist, labeling the operation "TraderTraitor" and warning that the hackers are working to cash in on the stolen assets.
📍 Bitcoin has registered its biggest 3-day price slide since the FTX debacle, with a 12.6% drop from Monday to Wednesday, and analysts warn that prices could slide to the $72,000-$74,000 range in a worst-case scenario.
📍 Bitcoin mining company MARA Holdings has reported record quarterly revenue, beating estimates despite the challenges presented by the Bitcoin halving event, with a 37% increase in revenue and a 248% growth in net income.
📍 CoreWeave, an AI firm that provides cloud computing services for crypto mining, is planning to file for a $4 billion IPO in the US, targeting a valuation of over $35 billion, and could file for a listing within a week.
📍 Despite market volatility, some analysts are hopeful that regulatory clarity and institutional demand could lift market valuations, with potential demand zones around $82,000 and a possible rebound in the $72,000-$74,000 range.
