3000X Gain in Two Days!! 😱 How is this even possible?
From 120$ to 2,05000$ in just two days..
Niu Lai Meme Coin Surges After Chinese Film Sparks Viral Attention..
Niu Lai, a meme coin inspired by a viral Chinese animated film, neared a $40 million market cap, per Coingecko. The memecoin reportedly surged 3000X within days. On chain tracker Lookonchain documented one trader turning $120 into more than $205,000. Much of that gain remains unrealized because the trader still holds most of the tokens.
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Marscoin and CZ
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Binance founder Changpeng Zhao (CZ) announced that he is completely abandoning his public wallet. A routine attempt to clear spam tokens from the wallet turned into a $30 million market frenzy reminiscent of the famous Shiba Inu COINBASE:SHIBUSD scenario, forcing the Binance founder to take radical measures..
Earlier today, Lookonchain analysts noticed that CZ had burned 4,444 tokens from each of two third-party projects from his BNB Chain address. Speculators immediately interpreted this as a hidden on-chain signal, undeterred by the fact that one of the burned assets was an unofficial clone.
The market capitalization of the virtually dead coin surged from $40,000 to $30 million, with its price rising vertically by more than 30,000%, while the legitimate version of the token traded on Binance Alpha remained completely stable.
Changpeng Zhao urged the community to stop "over-interpreting" his actions, explaining that he was simply testing the Trust Wallet app and trying to remove junk tokens that were preventing him from finding his BNB balance. However, his attempt to dispose of the tokens manually produced a Streisand effect.
As the Binance founder himself admitted, he quickly realized that the fight was futile: "The more I burn, the more people will send meme coins to the address." Because of the blockchain's transparency, every transaction he made triggered false speculation, while new spam tokens continued arriving at an exponential rate.
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SAFEPAL breach news
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ALERT: SafePal discloses a data breach exposing nearly 40,000 customers' names, home addresses and phone numbers.
A flaw in the hardware wallet maker's order tracking plugin allowed unauthorized access to order details for more than a YEAR, with over 30 phishing sites tied to the stolen data already taken down. SafePal says seed phrases, private keys and customer funds are NOT affected.
APPLE news
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Apple Mac Flaw Lets Hackers Turn Devices Into Monero Miners. Hackers exploited a flaw in Apple's Screen Sharing feature to take control of internet reachable Macs. The attackers then installed Monero $XMR mining software on compromised devices, Dutch authorities said. The Netherlands' NCSC reported attacks involving multiple Macs but did not disclose the number affected. Apple patched the vulnerability on Aug. 6 across supported macOS versions.
Important Events this week
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Monday Aug 17
Japan Q2 GDP
US Treasury flows data, showing whether Japan cut its massive Treasury holdings again in June
Tuesday Aug 18
US Housing Starts and Industrial Production
Wednesday Aug 19
FOMC Minutes
White House crypto meeting
UK CPI
Thursday Aug 20
CFTC's first Innovation Advisory Committee meeting on crypto and prediction markets
Friday Aug 21
Japan CPI
US Flash PMIs
Hongkong Stablecoin news
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SHOCKING: Hong Kong's first licensed stablecoin failed a security review just two days after launching.Blockchain security firm BlockSec found a single key can mint, freeze, and force burn the HKD-pegged HKDAP, calling the contract "not production-ready."
The token is issued by Anchorpoint, the Standard Chartered venture with HKT and Animoca Brands, with BlockSec saying its design breaks Hong Kong regulators' own rules.
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**disclaimer**
The content in this video should not be considered as financial advice and i am not a financial advisor.. the content here is to educate and create awareness about crypto, block chain and technology.. Always do your own research before buying or selling any crypto assets.. Trading crypto currency poses a considerable risk of loss.. The speaker doesn't guarantee any particular outcome..