The digital asset market has recorded a slight volatility in the last 24 hours, but the industry is far from being be boring.
In the last 24 to 48 hours, he has witnessed a few Important developments and interesting events that could open the way for future price oscillations.
Lazarus becomes a billion dollars BTC Whale
To start, we will pay attention to the north Korea, where the collective hacking of hacking known as the Lazare group increase Its assets at 13,518 BTC (worth more than $ 1.1 billion per data from Arkham Intelligence).
According to For Bitbo, it would make North Korea the fifth largest nation state to hold cryptocurrency, dragging behind the United States, China, the United Kingdom and Ukraine.
The Lazare group orchestra THE biggest cryptocurrency robbery to date By stealing approximately $ 1.5 billion from Ethereum (ETH) in Bybit last month. Arkham Intelligence watch that the entity had converted a large part of the hiding place diverted into BTC.
In addition to his Bitcoin holdings, the pirates Also Having 13,702 ETH worth around 26 million dollars, a BNB worth $ 3 million, $ 2.2 million in Dai and other stablecoins and wrapped cryptographic assets.
The Central Bank of South Korea called “no” at the BTC
The southern neighbor of North Korea has also made the headlines. The Central Bank of South Korea has expressed caution concerning the inclusion of BTC in its reserve of foreign currency.
The main reason for this position is the strong volatility of the asset. The institution noted that in times of instability of the cryptocurrency market, the costs of converting the BTC into cash could increase considerably, posing a substantial risk for the reserve.
In addition, the Bank stressed that Bitcoin does not meet the standards of the International Monetary Fund (IMF) to manage the currency reserves, which require that the assets be liquid, stable on the market, and have a quality credit rating.
Your plane after the latest news surrounding Pavel Durov
While the BTC and many other well-known cryptocurrencies have had in difficulty To draw the gains lately, this was not the case with Toncoin (ton).
The price of the asset jumped by two figures during the weekend after the Ton Foundation announcement That the French authorities have made the passport of Pavel Durov, allowing him to leave the country “at his discretion”.
Remember that the founder of Telegram was detained Last summer for allegations according to which he had committed offenses thanks to the demand he directs. Somewhat expectedHis arrest has negatively affected tone, the price of which has still not recovered from the major crash.
The merchant walking on the edge of a razer
Finally, we will approach the actions of a participant in the industry who amazed the community with his risky maneuvers. At one point this weekend, Crypto X begin Burning of information that a major investor had opened a short BTC position on the decentralized exchange hyperliquid with a 40x lever effect worth around 350 million dollars. This meant that the evaluation had to increase by 2.5% for the trader to be liquidated.
A few members of the cryptographic community noted that and started to open long positions to increase the price and liquidate aforementioned investor. An eminent person who expressed The interest in participation was the founder of Tron, Justin Sun.
While the long positions accumulated, BTC exceeded $ 85,000, but the merchant continued to add margin, increase his entry price and simultaneously increase the liquidation price. For the better or for the worst, the crowd did not liquidate the investor and finally abandoned, which ironically helped the short -term position even more, now estimated at around $ 450 million.
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(Tagstotranslate) Bitcoin (BTC) Price (T) North Korea (T) South Korea
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