😞Bitcoin drops, CZ slams Safe’s Bybit hack report

View in browser  Your Daily Digest of the 🔥Hottest News in Crypto -Today's top stories: 📉 BTC falls off a cliff —what's next? 👊 CZ slams Safe's post-mortem hack report 🧐 Investigation: India cracks down on BTC scam 📰 Keep reading to find out about all of today's top news Bitcoin Slides to $83.4K—Where Next? BTC just hit its lowest price since November, shedding $12,820 in three days and wiping out over $1 billion in leveraged longs. Analysts blame global recession fears, a massive BTC options expiry, and shaky corporate earnings—especially Nvidia's upcoming report, which could shake up the entire risk market. Get the Full Story DeFi will rise again after memecoins die down: Sasha Ivanov, X Hall of Flame The celebrity memecoin frenzy won't last, according to Waves founder Sasha Ivanov. He predicts the hype will fizzle out within months, pushing investors back to DeFi and real utility projects.  "Everybody's just trying to extract as much money as possible," Ivanov says, warning that most celebrity coins won't survive the long haul. Read More Safe's Post-Mortem on Bybit Hack Draws CZ's Criticism Safe, the firm behind SafeWallet, finally released a post-mortem on the $1.4 billion Bybit hack, blaming it on a compromised developer machine. But Binance's CZ wasn't impressed.  He slammed the update as vague, demanding answers on how multiple signers got tricked and why Bybit's systems were so exposed. Continue Reading [Cointelegraph Acceleration] ETHDenver curated: Top events to check out during the 'Year of the Regenerates' Heading to ETHDenver? Here is a curated guide for the parties, networking opportunities and side events at one of the biggest Ethereum gatherings of the year. Find Out More MicroStrategy's Leveraged ETF Tanks 81% If you needed another reminder that leveraged ETFs are brutal in volatile markets, here it is: The T-REX 2X Long MSTR ETF has nosedived 81% since its November peak, with 40% of those losses happening in just three days. Meanwhile, MicroStrategy's stock itself is down 20% in the same stretch.  Ouch. Read More 🚀 Crypto Events: Your Hub for Web3 Meetups! Never miss a top crypto event again. Discover, filter, and register for the hottest blockchain, DeFi, and fintech gatherings—plus score exclusive promo codes. 🔍 Find events by date, location & topic 🎤 Get speaker & agenda details fast 💰 Unlock special discounts Start Exploring Now India Cracks Down on Decade-Old Bitcoin Scam INVESTIGATION India's Central Bureau of Investigation is finally turning up the heat on the infamous GainBitcoin scam, launching nationwide raids to track down those responsible. The scheme lured in 8,000 investors with promises of sky-high Bitcoin returns—only to leave them empty-handed.  After a decade, authorities are pushing to bring the fraudsters to justice. Keep Reading —Written by Monica Hutchison 3.5 million people follow us on social media. You should too. Cointelegraph 21 W 46th St, New York, NY 10036-4119 USA You received this email because you signed up on our website. Download our official app: Unsubscribe | Update preferences