Someone connected to the WizardQuant just burned 500 ETH ($1.4 million) by sending the coins to the burner address 🔥

This person added a text signature to their transaction:

💬 'The CEOs of Kuande Investment: Feng Xin and Xu Yuzhi used brain-computer weapons to persecute all company employees and former employees, and even they themselves were controlled.'

What is the 'brain-computer weapon', what was that message about? Maybe we will find out soon...

The bankrupt FTX has started sending payments to customers who lost money during the exchange crash 💸

How to earn 16% APY with stablecoins 💸

💰 Providing liquidity (LP) means depositing two tokens into a pool so traders can swap them. In return, you earn trading fees and extra protocol rewards. Here is step-by-step guide on how to start farming yield in DeFi 👇

⏺First, set up an EVM-compatible wallet like MetaMask and deposit USDC in Arbitrum network from your exchange.

⏺Visit Abracadabra app to deposit USDC. The protocol automatically swaps needed amount of USDC to MIM stablecoin and creates your MIM-USDC LP position.

⏺Finally, go to Beefy Finance and stake your LP tokens. Click 'Deposit', choose 100% of LP, approve spending and deposit your tokens.

⏺Beefy automatically compounds your rewards, boosting your yield and saving you the hassle of manual management.

As long as you plan to hold stablecoins, this is an easy way to earn passive income. 16% is a good APY, there is no bank that will provide you such yield 💰

#FAQ

😱 NASA says there's now a 3.1% chance that asteroid 2024 YR4 will hit Earth in 2032

This is the highest risk chance any asteroid has ever had 💥

Many charts of meme coins look the same, reminding us of the silhouette of the Burj Khalifa skyscraper 🔍🔽

🫱 Remember once and for all: altcoins are not Bitcoin, just because BTC price goes up doesn't mean any other token will pump, just like 'Bullshit LLC' stock doesn't go up when Apple stock is pumping ❗️

🐹 Hamster Kombat Telegram tap-to-earn game has announced launch of the Season 2, they promise airdrop, new rules and 'epic rewards' 😂

Will you be playing Hamster Kombat? 👇

Yes — 👍

No — 😡

🚨 Nigeria has filed a lawsuit against Binance, seeking $79.5 billion for alleged economic losses and $2 billion for unpaid taxes over two years 😮

Anybody here from Nigeria? Does the Binance exchange work there?

Ethereum is currently trading at range lows after successfully reclaiming this level 🕯

If we see continued strength here, I think this is an easy long to the 3.6k-3.9k level 🔍📈

Bumble’s stock is down nearly 95% from its peak. Once valued at $15B, it now sits at a mere $629M 🔽

💕 Bumble is a dating app where women have to message men first. Unlike Tinder or Hinge, it tried to differentiate itself by marketing as a “feminist dating app.”

Turns out, forcing women to do all the work wasn’t the game-changer investors thought it would be 😂

Trump says he ended Biden's war on Bitcoin and crypto, pledges to make the US crypto capital 🗣 ❤️

Historically, news like this could send the entire market up 10%, but now it seems to be apathetic 😴

Some TA on BTC: price is breaking out of a falling wedge, which is a bullish reversal pattern 🕯

🟡 The yellow boxes mark key supply and demand zones: the lower one is strong support, and the upper one around $110K is a major resistance at ATH we need to clear.

If BTC flips that level, things could get spicy real quick, think 20-25% move in Q2 is possible if we get this scenario 🔍🧪

How to borrow crypto using DeFi 💰

💰 Just like with a traditional bank, you need collateral for a crypto loan. In this case, you deposit some crypto assets before borrowing.

Borrowing assets in such way can be helpful if you need stablecoins without selling long-term holds like BTC or ETH 👇

🔵First, set up an EVM-compatible wallet and deposit some crypto you want to use as collateral in it.

🔵Then, visit Aave app 🤑

🔵Choose the right network, then click “Supply” on the asset you’d like to use as collateral.

🔵Once supplied, click “Borrow” on the asset you want, up to 80% of your collateral’s value.

🔵LTV stands for Loan-to-Value, which measures how much you’ve borrowed versus what you’ve deposited.

🔵If your LTV ratio drops below 1.0, your position can be liquidated and you’ll pay a small fee.

🔵To stay safe, maintain at least 20% gap between your supply and borrow values. If value of your collateral decreases (e.g. ETH price dumps), you need to deposit some more in order to keep the position open.

🔵Next to each market you will see a variable APY %, when you lend — this APY is what you earn, when you borrow — this APY is what you pay for borrowing this asset.

Here is a good educational video on how does borrowing in DeFi works 🍄

📌 Save for later

#FAQ

⚡️ Breaking: SEC Drops Lawsuit Against Coinbase

The SEC has agreed to dismiss its case against Coinbase, marking a major win for the crypto industry and regulatory clarity in the U.S 🌀

🚨 Bybit exchange was hacked, $1.4 billion in ETH was withdrawn by hackers and is being sold 😱

❗️Bybit Hot wallet, Warm wallet and all other cold wallets are fine, CEO says.

The only cold wallet that was hacked was the cold wallet holding ETH 🤑

Withdrawals are working, I recommend withdrawing from Bybit until dust settles down and everything clears up 😐

What is Ethena? 🤑

Ethena is a DeFi protocol designed to create a synthetic dollar backed by Ethereum and staked ETH derivatives. It offers a censorship-resistant and scalable alternative to traditional stablecoins like USDT. The ENA token serves as the governance and utility token of the ecosystem.

🪙 Ethena’s synthetic stablecoin, USDe, maintains stability through Ethereum-based assets and a hedging mechanism that offsets price volatility. The project also provides yield for those who stake their USDe because while hedging ETH it earns funding fees.

Ethena is one of the leading projects in the synthetic stablecoin sector. It has strong backing and growing adoption. However, competition in DeFi is high, and the long-term success of ENA depends on continued user adoption and regulatory developments 👮‍♀️

🕯 ENA is currently trading around $0.44, down from its previous highs. If you believe in the upcoming altcoin market, this could be a good project to DCA into. Ethena has strong fundamentals and growing adoption, positioning it well for the next cycle.

You can find a detailed breakdown of three more Ethereum ecosystem coins in the new video 🍄

Elon Musk waves 'bureaucracy chainsaw' 🫨

🎁 Javier Milei gifted Elon Musk a chainsaw during the Conservative Political Action Conference 🪚

The chainsaw is a symbol of the deep cuts he made in the country's government spending - exactly what Elon and his DOGE are trying to do in the U.S.

🧑‍💻 Right now DOGE targets the IRS with plans to tap into databases to expose waste and inefficiencies.

DOGE is also preparing an audit of the Federal Reserve to review monetary policies and financial management 🤬

Yesterday's $1.4 billion Bybit hack was the biggest heist in history 😰

🇰🇵 Lazarus Group, a North Korean hacking team, was behind the attack.

They are now busy laundering funds via eXch centralized mixer and bridging funds to Bitcoin by using Chainflip 🛫