🚔 Seven cuffed in UAE and Sweden as on-chain trail snitches on a $7 point one M laundry
Сортс ин тне Emirates_and_Sweden_hit_simultaneously_and_bagged_seven_people_behind_an_international_laundering_network_that_pushed_about_$seven_point_one_million_through_crypto._The_alleged_boss,_a_Swedish_national_who_fled_his_homeland_and_sat_on_an_Interpol_Red_Notice,_got_detained_in_the_UAE._Tracing_the_coins_didn't_stop_at_wallets_-_it_dragged_cops_straight_into_organized_crime_and_murder-for-hire.
▪️ Сash_proceeds_from_crimes_got_collected_first,_then_flipped_into_crypto_specifically_to_move_value_across_borders_without_banks_watching.
▪️ Фrom_there_it_got_routed_right_back_out_to_other_criminal_outfits_feeding_gang_money_onward.
▪️ Тracing_wallet_flows_plus_digital_forensics_gave_investigators_financial_links_to_organized_crime_and_murder-for-hire.
▪️ Тhe_alleged_boss_fled_his_homeland_wanted_on_a_Red_Notice_unil_surveillance_pinned_him_down_in_the_UAE.
▪️ Тhe_six_more_suspects_were_detained_in_Sweden_at_the_same_moment,_with_proceedings_opened_for_all_seven.
▪️ 𝘸𝘰𝘹𝘵𝘩𝘢𝘳𝘨 𝘰𝘳 𝘶𝘢
@hivenetwork
Сортс ин тне Emirates_and_Sweden_hit_simultaneously_and_bagged_seven_people_behind_an_international_laundering_network_that_pushed_about_$seven_point_one_million_through_crypto._The_alleged_boss,_a_Swedish_national_who_fled_his_homeland_and_sat_on_an_Interpol_Red_Notice,_got_detained_in_the_UAE._Tracing_the_coins_didn't_stop_at_wallets_-_it_dragged_cops_straight_into_organized_crime_and_murder-for-hire.
▪️ Сash_proceeds_from_crimes_got_collected_first,_then_flipped_into_crypto_specifically_to_move_value_across_borders_without_banks_watching.
▪️ Фrom_there_it_got_routed_right_back_out_to_other_criminal_outfits_feeding_gang_money_onward.
▪️ Тracing_wallet_flows_plus_digital_forensics_gave_investigators_financial_links_to_organized_crime_and_murder-for-hire.
▪️ Тhe_alleged_boss_fled_his_homeland_wanted_on_a_Red_Notice_unil_surveillance_pinned_him_down_in_the_UAE.
▪️ Тhe_six_more_suspects_were_detained_in_Sweden_at_the_same_moment,_with_proceedings_opened_for_all_seven.
▪️ 𝘸𝘰𝘹𝘵𝘩𝘢𝘳𝘨 𝘰𝘳 𝘶𝘢
@hivenetwork
💀 Radix sat on a 3-year-old bug, lost $1.3M and froze the chain for 10 days
Radix Foundation admitted Sept. 17 that a June 2023 code cleanup in the Radix Engine planted a vault bug, an attacker cashed it out on Aug. 31, and validators had to freeze the whole chain for over 10 days to stop it. Total take: about $1.3 million across 26 transactions in 55 minutes. And the flaw could have hit any vault on the network — not just the bridged stuff that got drained.
▪️ 26 transactions in 55 minutes on Aug. 31: 458,915 USDC + 72,420 USDT ($531,335), 61.08 ETH, 6.35 WBTC, 536.16 SOL, 32.91 BNB — about $1.26M.
▪️ Mechanism: the 2023 refactor broke vault reference handling. A tx could name someone else's vault by internal address and pass it to custom contract code.
▪️ The engine then ran ordinary withdraw functions without enforcing the ownership boundary. No keys, no signatures — user accounts, apps and LPs were fair game.
▪️ Assets crossed Hyperlane to Ethereum, BNB Chain and Solana, sold for ETH. Drained LP pairs then distorted prices, letting another account pull millions of XRD.
▪️ Zellic audited the protocol in 2024, engine kernel included. The flaw survived the review and three years of mainnet before anyone noticed.
▪️ Validators pulled enough stake offline to break consensus and halt the chain 10+ days. Fix deployed, user transactions resumed Sept. 11.
🔮Three years, one audit, zero detection — and 10 days of downtime to patch what a 'cleanup' broke. Who audits the audits?
@hivenetwork
Radix Foundation admitted Sept. 17 that a June 2023 code cleanup in the Radix Engine planted a vault bug, an attacker cashed it out on Aug. 31, and validators had to freeze the whole chain for over 10 days to stop it. Total take: about $1.3 million across 26 transactions in 55 minutes. And the flaw could have hit any vault on the network — not just the bridged stuff that got drained.
▪️ 26 transactions in 55 minutes on Aug. 31: 458,915 USDC + 72,420 USDT ($531,335), 61.08 ETH, 6.35 WBTC, 536.16 SOL, 32.91 BNB — about $1.26M.
▪️ Mechanism: the 2023 refactor broke vault reference handling. A tx could name someone else's vault by internal address and pass it to custom contract code.
▪️ The engine then ran ordinary withdraw functions without enforcing the ownership boundary. No keys, no signatures — user accounts, apps and LPs were fair game.
▪️ Assets crossed Hyperlane to Ethereum, BNB Chain and Solana, sold for ETH. Drained LP pairs then distorted prices, letting another account pull millions of XRD.
▪️ Zellic audited the protocol in 2024, engine kernel included. The flaw survived the review and three years of mainnet before anyone noticed.
▪️ Validators pulled enough stake offline to break consensus and halt the chain 10+ days. Fix deployed, user transactions resumed Sept. 11.
For you this wasn't a bridge hack or a leaked key — the execution layer itself stopped checking who owns what, so every vault on Radix was exposed, including tokens with zero bridge exposure. Zellic's 2024 audit missed it, which means 'audited' stays a vibe, not a guarantee. Radix is adding regression tests, tightening review of authorization changes and formalizing the emergency halt it used to kill liveness, and says AI-assisted code analysis may have helped the attacker find a three-year-old defect. Confidence in the engine is the real collateral here.
🔮
@hivenetwork
☀️ Five fresh wallets just walked off with $649M of XRP
Tape’s green across the board: BTC sits at $81054 after a +453% day?
@hivenetwork
Tape’s green across the board: BTC sits at $81054 after a +453% day?
@hivenetwork
🏦 HK Banker Jailed 4 Years for $1.6B Fake Credit, $470K Crypto Bribes
Lam Chun-yin, 32, a former customer relationship manager at China Construction Bank (Asia), just got four years in the slammer for authenticating over $1.6 billion in fake letters of credit and pocketing $470,000 in crypto bribes. Judge Ernest Lin Kam-hung said even first-timers need deterrent sentences — because this shit undermined Hong Kong's whole financial hub rep.
▪️ Lam pleaded guilty in District Court to cooking up false letters of credit worth more than $1.6 billion — basically fake guarantees that grease international trade deals.
▪️ His cut? Over $470,000 in cryptocurrency bribes, which he now has to pay back as restitution. That's the price of playing both sides.
▪️ The judge didn't buy the rookie card: four years behind bars, because banking and insurance are the backbone of HK's economy and Lam's scheme put that standing at risk.
▪️ ICAC ain't done — they've already got arrest warrants out for other players in this mess. The net's still widening.
▪️ This comes as Hong Kong's Monetary Authority is pushing a quantum-computing threat framework for banks, aiming for full sector readiness by 2030.
📊 False letters of credit:
📊 Crypto bribes received:
📊 Prison sentence:
📊 Age of defendant:
💬 «Deterrent sentences are necessary even for first-time offenders, especially in light of the grave nature of the crime and its impact on society.» — Judge Ernest Lin Kam-hung
🔮$1.6B in fake credit and only $470K in bribes? Lam was either a terrible negotiator or someone else ate the rest.
@hivenetwork
Lam Chun-yin, 32, a former customer relationship manager at China Construction Bank (Asia), just got four years in the slammer for authenticating over $1.6 billion in fake letters of credit and pocketing $470,000 in crypto bribes. Judge Ernest Lin Kam-hung said even first-timers need deterrent sentences — because this shit undermined Hong Kong's whole financial hub rep.
▪️ Lam pleaded guilty in District Court to cooking up false letters of credit worth more than $1.6 billion — basically fake guarantees that grease international trade deals.
▪️ His cut? Over $470,000 in cryptocurrency bribes, which he now has to pay back as restitution. That's the price of playing both sides.
▪️ The judge didn't buy the rookie card: four years behind bars, because banking and insurance are the backbone of HK's economy and Lam's scheme put that standing at risk.
▪️ ICAC ain't done — they've already got arrest warrants out for other players in this mess. The net's still widening.
▪️ This comes as Hong Kong's Monetary Authority is pushing a quantum-computing threat framework for banks, aiming for full sector readiness by 2030.
📊 False letters of credit:
$1.6B📊 Crypto bribes received:
$470K📊 Prison sentence:
4 years📊 Age of defendant:
32For retail traders, this is a reminder that dirty money flows through both TradFi and crypto — and when it blows up, the exit doors get locked fast. If you're holding bags tied to HK banking or crypto rails, expect more ICAC headlines and maybe some skittish capital pulling out. The game's rigged, but at least sometimes the house gets raided.
💬 «Deterrent sentences are necessary even for first-time offenders, especially in light of the grave nature of the crime and its impact on society.» — Judge Ernest Lin Kam-hung
🔮
@hivenetwork
🐋 BIT (ex-Matrixport) just dumped 2,400 BTC on Binance — right under resistance
A wallet tied to BIT — the Singapore desk formerly known as Matrixport, founded by ex-Bitmain execs and managing $6B+ — shoved another 1,000 BTC worth $81.06 million into Binance on Saturday. Four days, 2,400 BTC in total, every coin landing with Bitcoin stuck near $81,000 and a wall at $81,700–$83,000 overhead. Lookonchain flagged the deposit; the address starts with bc1qsz and its Arkham page is public.
▪️ Sept 15 was the warm-up: the same desk dropped 1,400 BTC ($107.8M) on Binance and pulled 10,000 ETH ($24.67M) off it the same day — BTC in, ETH out, one clean rotation.
▪️ They've run this drill before: in December two Matrixport-linked wallets sent 4,000 BTC (~$347.56M) to Binance while BTC was still fighting to take back $90,000.
▪️ Binance now sits on more than 693,000 BTC — a two-year high in reserves, and every new deposit is one click away from the order book.
▪️ Shit timing for bulls: Sept 15 the CLARITY Act stalled in the U.S. Senate, Sept 16 the Fed hiked 25bp, and the BoJ hiked the day after that.
▪️ BTC ripped from the mid-$76Ks to an $81,238 intraday high and wiped ~$183M of shorts in a single hour — the 365-day moving average is parked right at $81,700.
▪️ The other side of the flow: U.S. spot ETFs took in $433M on Sept 18 — Fidelity's FBTC $311M, BlackRock's IBIT $108M — more than double both BIT transfers combined.
📊 Deposit, Sept 19:
📊 Four-day total:
📊 Deposit, Sept 15:
📊 ETH pulled off Binance:
🔮BIT dumped 2,400 BTC into Binance and explained nothing. Hedging before a US listing, or are you the exit? Watch bc1qsz.
@hivenetwork
A wallet tied to BIT — the Singapore desk formerly known as Matrixport, founded by ex-Bitmain execs and managing $6B+ — shoved another 1,000 BTC worth $81.06 million into Binance on Saturday. Four days, 2,400 BTC in total, every coin landing with Bitcoin stuck near $81,000 and a wall at $81,700–$83,000 overhead. Lookonchain flagged the deposit; the address starts with bc1qsz and its Arkham page is public.
▪️ Sept 15 was the warm-up: the same desk dropped 1,400 BTC ($107.8M) on Binance and pulled 10,000 ETH ($24.67M) off it the same day — BTC in, ETH out, one clean rotation.
▪️ They've run this drill before: in December two Matrixport-linked wallets sent 4,000 BTC (~$347.56M) to Binance while BTC was still fighting to take back $90,000.
▪️ Binance now sits on more than 693,000 BTC — a two-year high in reserves, and every new deposit is one click away from the order book.
▪️ Shit timing for bulls: Sept 15 the CLARITY Act stalled in the U.S. Senate, Sept 16 the Fed hiked 25bp, and the BoJ hiked the day after that.
▪️ BTC ripped from the mid-$76Ks to an $81,238 intraday high and wiped ~$183M of shorts in a single hour — the 365-day moving average is parked right at $81,700.
▪️ The other side of the flow: U.S. spot ETFs took in $433M on Sept 18 — Fidelity's FBTC $311M, BlackRock's IBIT $108M — more than double both BIT transfers combined.
📊 Deposit, Sept 19:
1,000 BTC ($81.06M)📊 Four-day total:
2,400 BTC📊 Deposit, Sept 15:
1,400 BTC ($107.8M)📊 ETH pulled off Binance:
10,000 ETH ($24.67M)An $81M block sitting on the biggest exchange is a loaded gun aimed at $81,700 — break it and the squeeze keeps running, reject it and you're the exit liquidity. BIT has form: it has dumped size into Binance before and never explained a word of it. ETFs are still absorbing more than BIT is dumping, which is the only thing keeping this from being a one-way ride down. And if you're trading this blind, don't — the wallet is public, watch bc1qsz and not the timeline.
🔮
@hivenetwork
🐋 2011 wallet wakes up, turns a $324 bag into $8M in one sweep
A wallet born on Nov. 2, 2011 just swept out its entire 100 BTC — over $8 million — while bitcoin sat near $82,000. Ten blocks earlier a second cluster of ancient coins moved another 100 BTC. Combined: 200 BTC, $16 million, all on one Saturday, all of it older than most of the people trading it.
▪️ Paid $3.24 per coin on Nov. 2, 2011 — $324 for all 100 — then used the send-everything option: one P2PKH sweep into a brand new P2WPKH wallet.
▪️ Arkham and every major explorer draw a blank on that receiving wallet. No link to an OTC desk or a CEX. Blockchair gives it a privacy score of 55/100 — sweeps always look tidy.
▪️ Ten blocks earlier, at block 967722, four legacy P2PKH addresses each moved 25 BTC — all born Feb-Mar 2013, when BTC ran from $32 on Mar 1 to $91.95 on Mar 31 as Cyprus banks blew up.
▪️ Those four consolidated into a single P2WPKH wallet Arkham flags as a known Bitgo address, one that has swallowed 100 BTC batches before. Privacy score around 60.
▪️ Onchain heuristics say that entity is a miner: its first Bitgo transfers were 25 BTC batches of March 2013 block rewards, and it has been feeding Bitgo like that since August 2025.
📊 Block of the 2011 sweep:
📊 Nov 2011 entry price:
📊 2011 unrealized gain:
📊 2013 miner cost basis:
🔮Cost basis $324, BTC at $82K: neither guy gives a shit what you paid. The question is whether 100 BTC in an untraceable wallet is headed for a bid.
@hivenetwork
A wallet born on Nov. 2, 2011 just swept out its entire 100 BTC — over $8 million — while bitcoin sat near $82,000. Ten blocks earlier a second cluster of ancient coins moved another 100 BTC. Combined: 200 BTC, $16 million, all on one Saturday, all of it older than most of the people trading it.
▪️ Paid $3.24 per coin on Nov. 2, 2011 — $324 for all 100 — then used the send-everything option: one P2PKH sweep into a brand new P2WPKH wallet.
▪️ Arkham and every major explorer draw a blank on that receiving wallet. No link to an OTC desk or a CEX. Blockchair gives it a privacy score of 55/100 — sweeps always look tidy.
▪️ Ten blocks earlier, at block 967722, four legacy P2PKH addresses each moved 25 BTC — all born Feb-Mar 2013, when BTC ran from $32 on Mar 1 to $91.95 on Mar 31 as Cyprus banks blew up.
▪️ Those four consolidated into a single P2WPKH wallet Arkham flags as a known Bitgo address, one that has swallowed 100 BTC batches before. Privacy score around 60.
▪️ Onchain heuristics say that entity is a miner: its first Bitgo transfers were 25 BTC batches of March 2013 block rewards, and it has been feeding Bitgo like that since August 2025.
📊 Block of the 2011 sweep:
967732📊 Nov 2011 entry price:
$3.24📊 2011 unrealized gain:
2,469,035%📊 2013 miner cost basis:
~$3,200The 2013 miner isn't panicking — it has been drip-feeding Bitgo since August 2025, and Bitgo is a custodian, so those coins may be parked, not dumped. The 2011 holder is the wildcard: he moved into a wallet nobody can name, which puts an OTC desk or an exchange one hop away, or means nothing happens at all. A September stuffed with waking sleepers plus BTC above $81,000 is exactly how tops get assembled — old hands getting their exit liquidity lined up while you're watching charts.
🔮
@hivenetwork
🎣 Fake job interview, real drain: NK crew looted 7,000 wallets
North Korea's Waterplum crew turned fake tech job interviews into a harvesting machine: 30,000+ machines infected across 100+ countries and $10.71 million in crypto funneled into Pyongyang-controlled wallets between late 2025 and July 2026. The bait was a coding test. The payload was a backdoor. And the money, per the agencies, goes to the weapons program.
▪️ The setup: 'recruiters' from legit-sounding AI, blockchain and tech staffing firms DM developers, web designers and crypto specialists on job platforms and social media.
▪️ The hook: during the fake technical interview or coding assessment you're told to download test software or a video-call troubleshooting tool to proceed.
▪️ Run it and you're owned — backdoor trojans plus infostealers, no exotic zero-day, just you double-clicking their file on your own machine.
▪️ What they take: ID and passport scans plus crypto private keys. That's why it's wallets getting emptied, not just laptops getting bricked.
▪️ Domestic enablers faked location verification so North Korean IT workers landed real remote jobs at Japanese and US firms — those workers alone moved hundreds of millions of yen in crypto abroad.
▪️ Japanese police did a first: seized and dismantled a local laptop farm that let the operatives work from local IP addresses instead of Pyongyang's.
📊 Devices infected:
📊 Crypto wallets compromised:
📊 Countries hit:
📊 Campaign window:
🔮They didn't crack your wallet. You installed the malware yourself because you wanted the gig. That's the whole game.
@hivenetwork
North Korea's Waterplum crew turned fake tech job interviews into a harvesting machine: 30,000+ machines infected across 100+ countries and $10.71 million in crypto funneled into Pyongyang-controlled wallets between late 2025 and July 2026. The bait was a coding test. The payload was a backdoor. And the money, per the agencies, goes to the weapons program.
▪️ The setup: 'recruiters' from legit-sounding AI, blockchain and tech staffing firms DM developers, web designers and crypto specialists on job platforms and social media.
▪️ The hook: during the fake technical interview or coding assessment you're told to download test software or a video-call troubleshooting tool to proceed.
▪️ Run it and you're owned — backdoor trojans plus infostealers, no exotic zero-day, just you double-clicking their file on your own machine.
▪️ What they take: ID and passport scans plus crypto private keys. That's why it's wallets getting emptied, not just laptops getting bricked.
▪️ Domestic enablers faked location verification so North Korean IT workers landed real remote jobs at Japanese and US firms — those workers alone moved hundreds of millions of yen in crypto abroad.
▪️ Japanese police did a first: seized and dismantled a local laptop farm that let the operatives work from local IP addresses instead of Pyongyang's.
📊 Devices infected:
30,000+📊 Crypto wallets compromised:
7,000+📊 Countries hit:
100+📊 Campaign window:
late 2025 – July 2026This isn't abstract for you: 7,000 drained wallets means coins that already moved on-chain and got laundered into the same liquidity you trade against. The agencies' fix is boring and free — never execute unvetted code outside an isolated sandbox, and use workspace restriction controls before opening a random repo. And if a 'recruiter' asks you to install anything before the interview, that's not hiring, that's payload delivery.
🔮
@hivenetwork
💀 Fake USDT, zero value: Venezuelan shops are getting paid in air
Scammers in Venezuela are buying real goods with fake money — cloned USDT tokens that display as USDT in a self-custody wallet and are worth exactly nothing. The merchant sees a completed payment, hands over the goods, and the scammer walks out with inventory nobody ever paid for. Juan Kassabji, a local tech guy tracking the scheme, knows of one merchant who ate over $5,500 in fake tokens in a single dealing.
▪️ The token is a straight clone: it's named USDT and shows up that way in the wallet, but its contract address is not the one Tether issued.
▪️ At checkout the buyer steers the merchant onto an external self-custody wallet — the one place where nothing on the screen verifies the contract for you.
▪️ Payment lands, ticker looks right, the trade reads as settled, the merchant hands over the goods and the scammer is gone.
▪️ Some wallets flag cloned tokens, but it isn't standard — whether you ever see a warning depends on which wallet you happen to run.
▪️ Same fake tokens have already been used to stiff people in P2P exchanges, per Kassabji. Physical stores are just the newest venue.
📊 Value actually transferred per 'payment':
🔮USDT is basically Venezuela's cash register now. 'Payment received' on your screen was never the same thing as money — this scam just said it out loud.
@hivenetwork
Scammers in Venezuela are buying real goods with fake money — cloned USDT tokens that display as USDT in a self-custody wallet and are worth exactly nothing. The merchant sees a completed payment, hands over the goods, and the scammer walks out with inventory nobody ever paid for. Juan Kassabji, a local tech guy tracking the scheme, knows of one merchant who ate over $5,500 in fake tokens in a single dealing.
▪️ The token is a straight clone: it's named USDT and shows up that way in the wallet, but its contract address is not the one Tether issued.
▪️ At checkout the buyer steers the merchant onto an external self-custody wallet — the one place where nothing on the screen verifies the contract for you.
▪️ Payment lands, ticker looks right, the trade reads as settled, the merchant hands over the goods and the scammer is gone.
▪️ Some wallets flag cloned tokens, but it isn't standard — whether you ever see a warning depends on which wallet you happen to run.
▪️ Same fake tokens have already been used to stiff people in P2P exchanges, per Kassabji. Physical stores are just the newest venue.
📊 Value actually transferred per 'payment':
$0If you take stablecoins into a self-custody wallet, you are the compliance department now — and the wallet isn't doing the job for you. Kassabji's fix is boring and it works: check that the contract address matches Tether's official one, or take the payment through Binance, which only credits valid USDT into balances. After every payment, glance at the dollar balance — fake money reads as zero. That extra five seconds is cheaper than a whole shipment of goods that walked out the door.
🔮
@hivenetwork
🩸 Liquid bled ~4,000 BTC without anyone stealing private keys
On Sept 6 roughly 4,000 Bitcoin walked out of Liquid’s shared reserve because the network itself approved a withdrawal that should never have qualified — no phished seed phrase involved.
▪️ Quick setup so nobody gets lost
@hivenetwork
On Sept 6 roughly 4,000 Bitcoin walked out of Liquid’s shared reserve because the network itself approved a withdrawal that should never have qualified — no phished seed phrase involved.
▪️ Quick setup so nobody gets lost
@hivenetwork
BTC parks at $81.6K while alts rip — and 4,000 BTC ghosted Liquid's reserve
BTC $81,631 (+1.36%), ETH $2,670.93 (+3.60%) — green drift, zero conviction, alts doing the actual running. Meanwhile Liquid's shared BTC reserve got drained of roughly 4,000 BTC, and not a single private key was stolen to do it.
▪️ Movers: NEAR +26% on $379M volume, SAGA +23.8%, AVAX +19.4% on $146M, SUI +14.9% on $145M, PUMP +11.9%. Alts running while BTC naps.
▪️ Losers: G -49.4% on $50M turnover, ONE -16.6% on $48M. A coin halving on that volume means someone with size already left.
▪️ Liquid, Sept 6: a software flaw let attackers mint unbacked L-BTC and cash it out against the shared reserve. ~4,000 BTC gone.
▪️ TRM Labs' reconstruction: the network approved a withdrawal that should never have qualified. Protocol-level theft — your seed phrase was never the weak link.
▪️ North Korea baited fake IT job interviews, infected 30,000+ machines in 100+ countries, pulled millions in crypto from late 2025 to July 2026.
▪️ In Venezuela, merchants are getting paid in fake USDT — zero-value tokens dropping into self-custody wallets. The goods left, the money never existed.
🔮Greed 70 with BTC flat: either alts are front-running something, or the exit liquidity is getting warmed up.
@hivenetwork
BTC $81,631 (+1.36%), ETH $2,670.93 (+3.60%) — green drift, zero conviction, alts doing the actual running. Meanwhile Liquid's shared BTC reserve got drained of roughly 4,000 BTC, and not a single private key was stolen to do it.
▪️ Movers: NEAR +26% on $379M volume, SAGA +23.8%, AVAX +19.4% on $146M, SUI +14.9% on $145M, PUMP +11.9%. Alts running while BTC naps.
▪️ Losers: G -49.4% on $50M turnover, ONE -16.6% on $48M. A coin halving on that volume means someone with size already left.
▪️ Liquid, Sept 6: a software flaw let attackers mint unbacked L-BTC and cash it out against the shared reserve. ~4,000 BTC gone.
▪️ TRM Labs' reconstruction: the network approved a withdrawal that should never have qualified. Protocol-level theft — your seed phrase was never the weak link.
▪️ North Korea baited fake IT job interviews, infected 30,000+ machines in 100+ countries, pulled millions in crypto from late 2025 to July 2026.
▪️ In Venezuela, merchants are getting paid in fake USDT — zero-value tokens dropping into self-custody wallets. The goods left, the money never existed.
Fear & Greed at 70 (Greed), one notch down from 71 — the crowd is comfortable, nobody's hedging. That's the exact tape where protocol drains and fake-token payments keep working: everyone watches the green candles, nobody checks the reserve. Watch alt volumes today — if NEAR and AVAX hold on that turnover, the rotation is real; if it dies, yesterday was the exit liquidity.
🔮
@hivenetwork
🚀 Bitcoin rips to $84,000 for the first time in 8 months, alts go feral
Bitcoin bounced off $80,000 and blasted to an eight-month high on Monday, dragging the whole board green and adding $70 billion to total crypto market cap in a single session. Monero led the degen charge, ETH tapped $2,700, XRP sat back above $1.45. And this came after the Senate killed the CLARITY Act and the Fed hiked rates for the first time since July 2023 — the market shrugged like it didn't hear a thing.
▪️ Last week: the Senate votes down advancing the CLARITY Act, then the Fed hikes for the first time since July 2023. BTC answers with a dip to $75,000.
▪️ Friday it claws back above $80,000, Saturday it nears $82,000 — then Middle East escalation and fresh Russia-Ukraine strikes park it right there.
▪️ Monday it holds support, reclaims the 50-week MA and rockets to a fresh eight-month high, its first time up there since the end of January.
▪️ XMR is the standout: +13% to nearly $588, though it gave back 4% in the last hour. DOGE +5%, XRP +4%, ETH, SOL and HYPE about +3%, BNB and ZEC +2%, TRX the laggard under 1%.
▪️ Double-digit gainers among bigger caps: XMR, AVAX, TAO, NEAR, SUI, BTW, MORPHO. DOGE, ADA, XLM, BCH and LINK also ran hard; SOL at $115, BNB at $780.
▪️ The real fuel: Brent down a fourth straight session, its longest losing run in three months. S&P futures +0.5%, Nasdaq 100 contracts ~1%, dollar flat.
📊 BTC market cap:
📊 BTC dominance:
📊 Total crypto market cap:
🔮Retail is buying this candle with both hands. Ask who needs you holding it through Friday's inflation print.
@hivenetwork
Bitcoin bounced off $80,000 and blasted to an eight-month high on Monday, dragging the whole board green and adding $70 billion to total crypto market cap in a single session. Monero led the degen charge, ETH tapped $2,700, XRP sat back above $1.45. And this came after the Senate killed the CLARITY Act and the Fed hiked rates for the first time since July 2023 — the market shrugged like it didn't hear a thing.
▪️ Last week: the Senate votes down advancing the CLARITY Act, then the Fed hikes for the first time since July 2023. BTC answers with a dip to $75,000.
▪️ Friday it claws back above $80,000, Saturday it nears $82,000 — then Middle East escalation and fresh Russia-Ukraine strikes park it right there.
▪️ Monday it holds support, reclaims the 50-week MA and rockets to a fresh eight-month high, its first time up there since the end of January.
▪️ XMR is the standout: +13% to nearly $588, though it gave back 4% in the last hour. DOGE +5%, XRP +4%, ETH, SOL and HYPE about +3%, BNB and ZEC +2%, TRX the laggard under 1%.
▪️ Double-digit gainers among bigger caps: XMR, AVAX, TAO, NEAR, SUI, BTW, MORPHO. DOGE, ADA, XLM, BCH and LINK also ran hard; SOL at $115, BNB at $780.
▪️ The real fuel: Brent down a fourth straight session, its longest losing run in three months. S&P futures +0.5%, Nasdaq 100 contracts ~1%, dollar flat.
📊 BTC market cap:
$1.670 trillion📊 BTC dominance:
just under 59%📊 Total crypto market cap:
$2.810 trillionThis is a macro trade wearing a crypto costume — oil sliding, stocks bid, everyone front-running a Trump-Xi summit later this week and a possible Trump-Pezeshkian handshake at the UN. Friday's inflation expectations report is the tripwire: a hot print puts $80,000 back in play and settles whether this was a squeeze or a real trend. Cheaper energy is the only thing easing the inflation picture that keeps the Fed hawkish, so the moment Brent turns, this bid gets thinner. Anyone short up here is the exit liquidity.
🔮
@hivenetwork
🍊 Trump team dumps 8.4M TRUMP into OKX — and retail keeps buying
Wallets tied to the Official Trump memecoin team have shoved about 8.4 million TRUMP, roughly $18 million, into OKX deposit addresses in just four days — right after the Sept. 18 unlock. TRUMP trades near $2.13, down 97% from its $73.43 peak in January 2025, and the team is still finding buyers for every batch it ships to the exchange.
▪️ Sept 21: another 2.4M TRUMP landed on OKX, topping up a 6M move — a two-day total of 6M tokens, or $12.59M.
▪️ The Sept 7 leg: a team address moved 11.25M TRUMP worth $26M, with 3.25M of it already sitting on OKX.
▪️ One wallet still holds 1.6M TRUMP, about $3.4M, and has not shipped it to an exchange yet.
▪️ The Sept 18 unlock released 28.7M TRUMP, 2.9% of supply — one of 34 unlocks through December 2027 that free up roughly 80% of what was locked at launch.
▪️ Aug 23 set the template: two batches worth a reported $21.7M to OKX, then $3.39M in USDC raised in 10 hours by seeding one-sided liquidity pools for buyers to swap into.
▪️ In May it moved $17M in TRUMP into Bitgo custody; by early September over $150M in TRUMP-linked tokens had reached exchanges since April.
📊 Buyers who lost (per Warren/Blumenthal citation):
📊 Retail losses cited to SEC:
📊 Collected by Trump-linked entities:
📊 Public Citizen estimate for Trump-linked crypto ventures:
🔮Down 97% and they're still selling into your buy orders. The coin's called TRUMP — the exit liquidity's called you.
@hivenetwork
Wallets tied to the Official Trump memecoin team have shoved about 8.4 million TRUMP, roughly $18 million, into OKX deposit addresses in just four days — right after the Sept. 18 unlock. TRUMP trades near $2.13, down 97% from its $73.43 peak in January 2025, and the team is still finding buyers for every batch it ships to the exchange.
▪️ Sept 21: another 2.4M TRUMP landed on OKX, topping up a 6M move — a two-day total of 6M tokens, or $12.59M.
▪️ The Sept 7 leg: a team address moved 11.25M TRUMP worth $26M, with 3.25M of it already sitting on OKX.
▪️ One wallet still holds 1.6M TRUMP, about $3.4M, and has not shipped it to an exchange yet.
▪️ The Sept 18 unlock released 28.7M TRUMP, 2.9% of supply — one of 34 unlocks through December 2027 that free up roughly 80% of what was locked at launch.
▪️ Aug 23 set the template: two batches worth a reported $21.7M to OKX, then $3.39M in USDC raised in 10 hours by seeding one-sided liquidity pools for buyers to swap into.
▪️ In May it moved $17M in TRUMP into Bitgo custody; by early September over $150M in TRUMP-linked tokens had reached exchanges since April.
📊 Buyers who lost (per Warren/Blumenthal citation):
~1 million📊 Retail losses cited to SEC:
$3.81B📊 Collected by Trump-linked entities:
$636M📊 Public Citizen estimate for Trump-linked crypto ventures:
$4.7BThe scoreboard is onchain, and it says the team sells into strength: BTC is knocking on $85K, and a green day with deep order books is the cheapest moment to unload 2.4M tokens without wrecking the chart. One wallet still holds 1.6M ready to go, and with 34 unlocks running to December 2027 this drip is not ending. Senators Elizabeth Warren and Richard Blumenthal asked the SEC to investigate last month, citing the $3.81B in retail losses and the $636M Trump-linked entities pulled in — so far that's paperwork, not handcuffs. CHART
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@hivenetwork
🚀 BTC $85K, $1B liquidated, and a fresh $17M hack for breakfast
Bitcoin ripped to $85,420 (+4.93%) and ETH tagged $2,729 (+2.45%) — and the move ate over $1B in positions, $850M of it shorts getting steamrolled. Extreme Greed is back at 78 and the squeeze is the entire story.
▪️ MUBARAK +63.7% on $22M volume is today's lottery ticket; PEPE +24.5% on $180M is the one with real money behind it.
▪️ PHA +36.4% on $32M and TAO +17.9% on $106M are running while Fetch.AI, NuNet and SingularityNET sit on a $17M token attack.
▪️ Losers: AVAX -6.9%, ZEC -3.8% on $326M, NEAR -3.4% on $272M, ENA -1.8%. Whatever didn't squeeze is bleeding.
▪️ BitMine bought 27,562 ETH for $75M and now holds near 5% of ETH's circulating supply. That's not adoption, that's a bid you don't control.
▪️ BTC printed an 8-month high for the first time since late January despite the Senate killing the CLARITY Act and the Fed hiking. Friday's inflation expectations print is the test, $80K is the line.
▪️ XMR jumped 13% and XRP bounced to $1.45 on falling oil and a looming Trump-Xi summit — macro tourists are back in the pool.
🔮Greed at 78 and everyone's a genius again. Go ask this morning's shorts how that felt.
@hivenetwork
Bitcoin ripped to $85,420 (+4.93%) and ETH tagged $2,729 (+2.45%) — and the move ate over $1B in positions, $850M of it shorts getting steamrolled. Extreme Greed is back at 78 and the squeeze is the entire story.
▪️ MUBARAK +63.7% on $22M volume is today's lottery ticket; PEPE +24.5% on $180M is the one with real money behind it.
▪️ PHA +36.4% on $32M and TAO +17.9% on $106M are running while Fetch.AI, NuNet and SingularityNET sit on a $17M token attack.
▪️ Losers: AVAX -6.9%, ZEC -3.8% on $326M, NEAR -3.4% on $272M, ENA -1.8%. Whatever didn't squeeze is bleeding.
▪️ BitMine bought 27,562 ETH for $75M and now holds near 5% of ETH's circulating supply. That's not adoption, that's a bid you don't control.
▪️ BTC printed an 8-month high for the first time since late January despite the Senate killing the CLARITY Act and the Fed hiking. Friday's inflation expectations print is the test, $80K is the line.
▪️ XMR jumped 13% and XRP bounced to $1.45 on falling oil and a looming Trump-Xi summit — macro tourists are back in the pool.
78 Extreme Greed with BTC at $85K means longs are crowded and funding is paying them to sit still. If Friday's inflation report spooks the macro crowd, the same machine that ate $850M of shorts this morning flips and eats the other side. Your stop-loss is the only participant here that cares about your opinion.
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@hivenetwork
💳 Stolen debit cards, a drained Polymarket, and a boss saying "just pay the fine"
Polymarket's US platform got farmed for at least $10 million in February 2026 — bad actors linked stolen debit cards to accounts, placed bets, then tried to cash out to clean accounts or separate cards they controlled. Payment processor Checkout.com's fraud system lit up and started rejecting deposits. Per a Wall Street Journal report, when staff brought the mess to CEO Shayne Coplan, his answer was to chase growth — the firm could just pay a fine if regulators ever came.
▪️ One single account made roughly 4,000 separate deposit attempts before anyone at Polymarket moved.
▪️ Checkout.com's automation fired: at peak it rejected over 80% of processed deposits as fraud. Industry norm is around 1%.
▪️ Staff flagged it to CEO Shayne Coplan. His call: chase growth, pay a fine if regulators come. Execs scrapped the rule that withdrawals go back to the same payment source.
▪️ Fallout: compliance chief Andrew Clifford quit in April after a memo on the gaps. Polymarket US CEO Justin Hertzberg was fired. Heads of US regulation and AML left.
▪️ June: hackers used a third-party vendor to inject malicious code into the site, hitting user balances. Polymarket reimbursed those users.
▪️ July: a registration flaw let attackers armed with stolen personal data walk into nearly 500 accounts with no password.
📊 Funding round:
📊 1789 Capital commitment:
📊 States suing over unlicensed gambling:
💬 «Our market integrity framework includes processes to detect, review, and respond to suspicious activity. Polymarket remains committed to maintaining accurate, fair, and transparent markets while cooperating fully with regulators and law enforcement.» — Polymarket spokesperson
🔮The fine is already priced in. Question is whether the CFTC writes one big enough to hurt before the IPO prints.
@hivenetwork
Polymarket's US platform got farmed for at least $10 million in February 2026 — bad actors linked stolen debit cards to accounts, placed bets, then tried to cash out to clean accounts or separate cards they controlled. Payment processor Checkout.com's fraud system lit up and started rejecting deposits. Per a Wall Street Journal report, when staff brought the mess to CEO Shayne Coplan, his answer was to chase growth — the firm could just pay a fine if regulators ever came.
▪️ One single account made roughly 4,000 separate deposit attempts before anyone at Polymarket moved.
▪️ Checkout.com's automation fired: at peak it rejected over 80% of processed deposits as fraud. Industry norm is around 1%.
▪️ Staff flagged it to CEO Shayne Coplan. His call: chase growth, pay a fine if regulators come. Execs scrapped the rule that withdrawals go back to the same payment source.
▪️ Fallout: compliance chief Andrew Clifford quit in April after a memo on the gaps. Polymarket US CEO Justin Hertzberg was fired. Heads of US regulation and AML left.
▪️ June: hackers used a third-party vendor to inject malicious code into the site, hitting user balances. Polymarket reimbursed those users.
▪️ July: a registration flaw let attackers armed with stolen personal data walk into nearly 500 accounts with no password.
📊 Funding round:
$1B at $21B valuation📊 1789 Capital commitment:
$300M📊 States suing over unlicensed gambling:
more than a dozenIf you've got money parked on Polymarket, here's your read: the CFTC is investigating and told staff to preserve records on the fraud and the internal compliance handling, the NYC Council is poking at the marketing, and lawsuits in more than a dozen states call the whole thing unlicensed gambling. The actual fix — capping how many debit cards one account can attach — landed in May, after the damage was done, and fraud dropped back to industry average. Sullivan & Cromwell, hired by the company itself, concluded it complied. Meanwhile they're staffing up with ex-FBI investigator Shauna Batista, ex-Amazon CFO Warren Jenson and ex-Uber exec Travis Vanderzanden as chief growth officer, and laying the groundwork for an IPO. Compliance here is a line item, not a culture.
💬 «Our market integrity framework includes processes to detect, review, and respond to suspicious activity. Polymarket remains committed to maintaining accurate, fair, and transparent markets while cooperating fully with regulators and law enforcement.» — Polymarket spokesperson
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@hivenetwork
🤝 Binance drops $100M on Circle stock — and gets paid to shill USDC
Binance bought $100 million of Circle stock in a private placement that closed Sept. 17 — 1.24 million Class A shares at $80.84 each — right alongside a five-year deal where Circle pays the exchange a monthly fee tied to how much USDC moves through its rails.
▪️ The shares went out below where Circle was trading at the time — a discount written straight into an unregistered private placement.
▪️ Binance can't sell, transfer or hedge them until two years pass or until it terminates the commercial arrangement first; voting rights stay with Binance.
▪️ That monthly incentive is calculated as a percentage of the USDC held through Circle's Modular Smart Contract Wallet service.
▪️ On top of cashing checks from the issuer, Binance runs promotional activity for USDC across its own platform.
▪️ This replaces their earlier USDC deals from November 2024 and August 2025; either side can walk early if specified events hit.
▪️ Because nothing was registered, Binance can't dump those shares unless they get registered or an exemption applies.
📊 Equity purchase:
📊 Price per share:
📊 Shares acquired:
📊 Lockup:
@hivenetwork
Binance bought $100 million of Circle stock in a private placement that closed Sept. 17 — 1.24 million Class A shares at $80.84 each — right alongside a five-year deal where Circle pays the exchange a monthly fee tied to how much USDC moves through its rails.
▪️ The shares went out below where Circle was trading at the time — a discount written straight into an unregistered private placement.
▪️ Binance can't sell, transfer or hedge them until two years pass or until it terminates the commercial arrangement first; voting rights stay with Binance.
▪️ That monthly incentive is calculated as a percentage of the USDC held through Circle's Modular Smart Contract Wallet service.
▪️ On top of cashing checks from the issuer, Binance runs promotional activity for USDC across its own platform.
▪️ This replaces their earlier USDC deals from November 2024 and August 2025; either side can walk early if specified events hit.
▪️ Because nothing was registered, Binance can't dump those shares unless they get registered or an exemption applies.
📊 Equity purchase:
$100M📊 Price per share:
$80.84📊 Shares acquired:
1.24M📊 Lockup:
up to 2 yearsRead between lines here: this isn't an investment story, it's payroll plus equity in one package for whoever pushes your stablecoin hardest on their own venue.
@hivenetwork
🐕 Doge ran to its highest price since June on leverage and Musk hopium
Doge printed a months-high intraday spike after X rolled out cashtag trading with Gemini.
▪️ Crypto Briefing credits how whales accumulated and how ETF money kept flowing faster than usual.
▪️ It opened near nine cents nine nine and hit ten cents fifty nine before sellers showed up.
▪️ The daily candle still closed red slightly despite how loud everyone got about that level.
▪️ Sector rotation got loud too because traders pulled profits from Bitcoin toward wilder tickers.
▪️ The chart underneath stays ugly because how fast things moved does not fix slow averages.
📊 Intraday high:
📊 Open interest:
📊 RSI:
📊 ADX:
💬 «So.» — Jose Antonio Lanz
@hivenetwork
Doge printed a months-high intraday spike after X rolled out cashtag trading with Gemini.
▪️ Crypto Briefing credits how whales accumulated and how ETF money kept flowing faster than usual.
▪️ It opened near nine cents nine nine and hit ten cents fifty nine before sellers showed up.
▪️ The daily candle still closed red slightly despite how loud everyone got about that level.
▪️ Sector rotation got loud too because traders pulled profits from Bitcoin toward wilder tickers.
▪️ The chart underneath stays ugly because how fast things moved does not fix slow averages.
📊 Intraday high:
ten cents fifty nine📊 Open interest:
three hundred fifty million dollars📊 RSI:
sixty nine point four📊 ADX:
thirty two point five💬 «So.» — Jose Antonio Lanz
@hivenetwork
🟢 Greed 71, BTC back at $86.9K, and Binance just bought a slice of Circle
BTC at $86,930.01 (+1.68%), ETH at $2,770.56 (+1.43%) — green tape, but Fear & Greed slid from 78 to 71, so retail keeps buying. The money story is elsewhere: MARSCOIN up 33%, Binance buying $100M of Circle, and Polymarket bleeding $10M to card fraud while it chased growth.
▪️ MARSCOIN +33.2% on $46M volume — a book that thin gets painted by one guy with a phone. BCH +28.6% on $124M is the only mover with real size behind it.
▪️ Also green: MUBARAK +22.7% ($102M), PENGU +21.3% ($42M), ZRO +20.6% ($22M). Red: ONE -25.2% ($27M), PEPE -0.4% on $85M — nobody dumping, nobody buying.
▪️ Ethena's USDe briefly printed $0.65 on Binance before recovering — a centralized-exchange operational issue, not a depeg.
▪️ Polymarket ate a $10M fraud attack with stolen debit cards; Checkout.com rejected over 80% of deposits as fraudulent, and the report says growth came before compliance.
▪️ Binance bought 1.24M Circle shares at $80.84 — about $100M — plus a monthly fee on USDC sitting in its wallets, under a five-year promotion deal.
▪️ Galaxy Digital: whitehats moved 52 BTC from the Coldcard hack into a recovery trust, tagged OP_RETURN 'claim:cryptorecoverytrust.com'.
🔮USDe hit $0.65 for a minute and nobody blinked. Next time it's your stop that eats the fill.
@hivenetwork
BTC at $86,930.01 (+1.68%), ETH at $2,770.56 (+1.43%) — green tape, but Fear & Greed slid from 78 to 71, so retail keeps buying. The money story is elsewhere: MARSCOIN up 33%, Binance buying $100M of Circle, and Polymarket bleeding $10M to card fraud while it chased growth.
▪️ MARSCOIN +33.2% on $46M volume — a book that thin gets painted by one guy with a phone. BCH +28.6% on $124M is the only mover with real size behind it.
▪️ Also green: MUBARAK +22.7% ($102M), PENGU +21.3% ($42M), ZRO +20.6% ($22M). Red: ONE -25.2% ($27M), PEPE -0.4% on $85M — nobody dumping, nobody buying.
▪️ Ethena's USDe briefly printed $0.65 on Binance before recovering — a centralized-exchange operational issue, not a depeg.
▪️ Polymarket ate a $10M fraud attack with stolen debit cards; Checkout.com rejected over 80% of deposits as fraudulent, and the report says growth came before compliance.
▪️ Binance bought 1.24M Circle shares at $80.84 — about $100M — plus a monthly fee on USDC sitting in its wallets, under a five-year promotion deal.
▪️ Galaxy Digital: whitehats moved 52 BTC from the Coldcard hack into a recovery trust, tagged OP_RETURN 'claim:cryptorecoverytrust.com'.
Greed at 71 after 78 means the party's cooling but nobody's scared yet — that's exactly when thin books like MARSCOIN get painted and dumped on the chasers. Your stop is only as good as the matching engine under it, as that $0.65 USDe print just proved. And Binance taking a monthly fee on the USDC it holds tells you which stablecoin gets pushed at you next.
🔮
@hivenetwork
🔥 ZEC rips past $1,600 for the first time since 2016 — Europe just got its first ZEC ETP
ZEC cleared $1,600 on Tuesday for the first time since 2016, and the trigger wasn't a perp squeeze — it was Europe. Hours earlier 21shares listed the continent's first physically backed Zcash ETP on Euronext Paris and Amsterdam, while Grayscale's US spot fund pulls in cash fast enough to need a 3-for-1 split.
▪️ 21shares listed the ZEC ETP under ISIN CH1608218801, alongside a second product tracking ETHFI, the governance token of staking protocol Ether.fi.
▪️ Both are physically backed — the issuer holds the actual coins, no synthetic paper — and both charge 2.5% a year, several times mainstream European BTC products.
▪️ Grayscale's ZCSH on NYSE Arca absorbed $46.56M in one session, its second-largest daily inflow since launch, lifting net assets near $917M.
▪️ The 3-for-1 forward split: Sept. 28 record date, extra shares Sept. 29, post-split trading Sept. 30 — a cheaper entry price for US buyers.
▪️ The tell is supply: over 30% of all ZEC, roughly 4.9M coins, sits fully shielded now — a record. Holders eat the usability cost to get coins into encrypted pools.
▪️ Leverage followed: one trader's 50x long on Aster DEX, a $224K position, was reportedly up 1,581% as ZEC broke through, per Lookonchain.
📊 ZEC spot:
📊 24h move:
📊 Market cap:
📊 1-year run:
💬 «structural trade rather than a seasonal one» — Arthur Hayes and Bitwise's Matt Hougan
🔮Record shielded supply plus a fat fee means people are paying real money to hide their bags. So who's buying what they're hiding?
@hivenetwork
ZEC cleared $1,600 on Tuesday for the first time since 2016, and the trigger wasn't a perp squeeze — it was Europe. Hours earlier 21shares listed the continent's first physically backed Zcash ETP on Euronext Paris and Amsterdam, while Grayscale's US spot fund pulls in cash fast enough to need a 3-for-1 split.
▪️ 21shares listed the ZEC ETP under ISIN CH1608218801, alongside a second product tracking ETHFI, the governance token of staking protocol Ether.fi.
▪️ Both are physically backed — the issuer holds the actual coins, no synthetic paper — and both charge 2.5% a year, several times mainstream European BTC products.
▪️ Grayscale's ZCSH on NYSE Arca absorbed $46.56M in one session, its second-largest daily inflow since launch, lifting net assets near $917M.
▪️ The 3-for-1 forward split: Sept. 28 record date, extra shares Sept. 29, post-split trading Sept. 30 — a cheaper entry price for US buyers.
▪️ The tell is supply: over 30% of all ZEC, roughly 4.9M coins, sits fully shielded now — a record. Holders eat the usability cost to get coins into encrypted pools.
▪️ Leverage followed: one trader's 50x long on Aster DEX, a $224K position, was reportedly up 1,581% as ZEC broke through, per Lookonchain.
📊 ZEC spot:
$1,622📊 24h move:
+8%📊 Market cap:
$27.5B, 9th largest crypto asset📊 1-year run:
~19xTwo regulated wrappers on two continents is the pitch: privacy just got a compliant door, and the fee tells you the plumbing is still expensive. The next test is whether European flows show up in the same size the US ones did. The tape already showed the risk once — ZEC hit a year-to-date high of $1,590 on Sept. 18, bled to $1,429, held $1,440, then reclaimed it all Tuesday. Anyone sitting on 50x is one wick from the exit.
💬 «structural trade rather than a seasonal one» — Arthur Hayes and Bitwise's Matt Hougan
🔮
@hivenetwork