A small mistake that cost Ross Ulbricht $ 12 million

In addition: the ECB SHOWS BITCOIN SHADOW

GM. We are the farmer market for cryptographic, organic, fresh and full of options that you really want.

😐 Ross Ulbricht loses $ 12 million for a bot.

🍋 News Drops: Tether brings usdt to Bitcoin, some youtubers are sued for an NFT + more scam

🍍 Market taste today

The market remained greedy all week, Bitcoin It remained above $ 103k today, and BTC ETFS saw yesterday a solid $ 588.1 million in tickets. Everything looks cold …

… unless verifying what people in charge are cooking.

Apparently, Donald Trump was not slaughtering: he is advancing with his plan to slap 25% tax on imports from Canada and Mexico from tomorrow.

That is a big problem, since these two countries compensate around 27% of the US trade..

According to Bitwise’s research chief André DragoschThis tax could be translated into a 6.75% increase in import prices next month, enough to Push the highest inflation and make the Fed less likely to reduce rates.

• If inflation begins to increase, some investors could use cryptography as coverage;

• At the same time, if credit conditions harden, investors could get money from more risky assets such as Crypto.

Meanwhile, in Europe, the Central Bank of the Czech Republic is thinking of adding Bitcoin to its reservations, and the European Central Bank (ECB) is No have it.

The president of the ECB, Christine Lagarde, says it is “He is confident that Bitcoin will not enter the reserves of any of the central banks of the General Council.”

Your reasoning: Reservations must remain liquid, safe and free from any suspicion of money laundering or crime..

Uhmm, of course, sister 🫡 Except:

• Bitcoin is actually one of the most liquid assets that existnegotiated 24/7 with mass daily volumes;

• With Appropriate custody solutionsBitcoin can be maintained safely, and many important financial institutions are already doing it;

• Sure, Bitcoin still faces concerns about illegal activity. But ironically, The main banks have been fined with billions for money laundering – Therefore, it is not that traditional systems were clean.

As mature cryptography and regulatory frameworks evolve, the idea that “no central bank would retain Bitcoin” could age, as well as My uncle Bob takes on a tattoo means that I will never do a job.

Moral of History: If Crypto looks chilling … Proliment you don’t have all the information.

🥝 Memecoin harvest

We put the “fun” in “foundations” … Lol JK, there are no foundations here, partner – But these memecoras were still moons 🤠

	Name		24 h change
	Token of Lux Lux		▲ 16.8k%
	THUG LIFE BAND		▲ 9.3k%
	The following bitcoin Mountain		▲ 4.2k%
	AOSOPERATOR AESOP		▲ 818%

Data at 10:10 am est.

Check out these memecoras and much more here.

Imagine you’re going to fish, catch a lil fish ‘, throw it back into the water (Because you have such a kind heart, of course) …

… and is immediately eaten by a larger fish.

This is how people donated Ross Memecoins to Ross Ulbricht (The guy created by Silk Road and obtained Forgiven by Trump recently) RN probably feel.

Your cryptographic wallets only Town $ 12 million – For an Oopsie.

… How TF?

1. Ross (or someone who controlled his wallets) tried Establish a liquidity group for Token Ross in RaydiumA DEX in Solana. The objective? So that people exchange the token more easily by adding some of their own Ross currencies to the market.

2. The step where things went wrong. When you create a liquidity group, you must establish the initial price of the token correctly; Otherwise, someone can instantly take advantage of the error. Ross established the incorrect priceBasically, make it very easy for the bots to buy your tokens for much cheaper than they were supposed to be.

3. A bot (also known as a super fast and profit negotiation bot) He took $ 1.5 million in Ross And I turned them out for profits.

4. Ross (or his team) did not realize the error … so he tried Set the pool again. This time, another $ 10.5 million were lost.

5. Ross’s price joined 90% in the process.

On the positive side, Ross It still has 10% of the supply And now it has correctly configured liquidity.

Yes, but … Actually, no, there are no more comments here. We are entering the weekend with Good vibrations only.

🍋

⚡️ Tether is taking USDT to Bitcoin through the light network, making transactions faster and cheaper. Now, merchants can accept USDT as well as BTC, the same configuration, less problems.

🚔 A Manchester gang was sentenced after kidnapping a boy and delivering $ 124k in cryptography. They terrified him repeatedly for almost a year

🚕 Teleport, the application of travel shared in Solana that wanted to face Uber and Lyft, is closing. They are blaming the market for not being ready for decentralized walks.

🔥 Pump. Fun’s in hot water. A demand states that the platform earned $ 500 million of unregistered values ​​and highly volatile tokens.

⚖️ Nelk’s boys have been sued for statements that they exaggerated and did not belong to their Metacard NFT project of $ 23 million. Buyers expected VIP advantages: meetings with Snoop Dogg, exclusive events, merchandise discounts and even a $ 250K raffle. Instead? Very much nothing.

🧃 Sip of Knowledge

You have almost finished reading today’s newsletter … now what? Good, The next 10 minutes, you could:

• Scroll on Instagram and let your brain melt;

• Do something more unproductive, like … Look at a wall … I don’t know;

• Educate about something great.

Come on, we both know what the right choice is 😏

Latest Crypto finally explained video breakdown cryptographic missions – A mixture of games and cryptography that makes learning about web3 really fun.

What are they? How do they work? And why do everyone talk about them? Watch this video to find out!

🍌 Juicious memes