GM. Daily Squeeze checking in - like blockchain jam, we're capturing the day's crucial market events in one sweet spread.
🇩🇪 The German authorities closed 47 crypto exchanges.
😴 Five wallets belonging to Bitcoin miners who have been around since 2009 started moving their BTC.
🍊 News drops: some Brazilian users were able to access X despite it being banned, the official YouTube channel of the Supreme Court of India was hacked, ZachXBT's investigation led to two arrests + more
🍍 Market flavour today
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| Crypto Market Cap $2.27 Trillion -1.0% (24H) | |||
| Name | Price | 24H % | 7D % |
|---|---|---|---|
 Bitcoin BTC |
$62,706.17 | -0.45% | 8.10% |
 Ethereum ETH |
$2,516.36 | 4.02% | 7.11% |
 BNB BNB |
$566.48 | 0.36% | 2.87% |
 Solana SOL |
$146.58 | 4.49% | 10.52% |
| Prices as of 10:15 AM EST. Click here to see live data. |
The crypto market's showing mixed signals, but the overall vibe remains upbeat. The Fear and Greed Index has climbed to 54, tipping towards greed. Yesterday's Fed-fueled rally is still echoing!
Bitcoin touched $64,000 briefly before taking a breather. That level's proving to be a tough nut to crack. Overall, the crypto world seems to be holding its breath, waiting to see how macro factors play out. The options market is painting an optimistic picture, with bets on Bitcoin hitting $70,000 by the end of October. But here's the kicker - we're not seeing the usual crowd of short-term traders jumping in, which typically adds fuel to these price surges. Bitcoin ETFs are still attracting significant inflows - $305 million in just four days - while Ethereum ETFs continue to see outflows.
What's next? The tea leaves are as murky as ever. In this market, today's ceiling could be tomorrow's floor – or vice versa. Buckle up and stay vigilant 🔮
🇩🇪 "See you soon"
The Germans are rising… not that way, tho, don't worry. They're rising to crack down on the "underground economy" with something they call the Operation Final Exchange.
Basically, the German authorities closed 47 crypto exchanges that failed to comply with AML regulations and, thus, allowed criminals to launder money through their platforms.
Among these exchanges were some big players, like Xchange, which has been around since 2012, had over 410K users, and handled over 1.2M transactions. You can check the full list of the exchanges here if you're a lil' Curious George.
And their fight doesn't stop here—now, they're coming for the people who were actually responsible for the crimes. In their statement, the officials mentioned that these include ransomware groups, darknet traders, and botnet operators.
Now that they've seized the servers from the exchanges, the Germans have the data of the criminals. So, like, transactions, registration data, and IP addresses.
"Our search for traces begins. See you soon," the authorities ended their statement. Is it just me, or they're spittin' hella bars?
However, although it sounds badass, they might actually not see some of the criminals soon. That's because a lot of them reside abroad, so it would be difficult, dare I say, even impossible for German law enforcement to reach them.
Nonetheless, as the German saying goes, "Everything has an end; only the sausage has two." So, if you ain't a sausage and have laundered a penny or two through these platforms (hope not?? 🤨)—bad news for ya, broski.
😴 The force awakens
Five wallets belonging to OG Bitcoin miners have started moving their BTC. And we mean they-are-probably-linked-to-Nakamoto kind of OG.
These wallets received 50 BTC each as block rewards in 2009. Back then, it was worth basically nothing. Fast forward to now, we're talking some $3.1M chillin' in each of these wallets.
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One of these wallets got its reward on January 29, 2009, three others on January 31, and the last one on February 2. That's just weeks after the Bitcoin blockchain went live on January 3 of that year, when Satoshi Nakamoto mined the Genesis Block (aka the first block of the blockchain).
Since the BTC in these wallets was mined so soon after the blockchain's birth, it's likely they belong to people who were there right from the start. Soooo, now that you're back… maybe tell us who Satoshi Nakamoto is?
📰 News drops
🇧🇷 Some Brazilian X users were able to temporarily access the platform, even though it's been banned in the country since earlier this month. X explained that this wasn't intentional, blaming the glitch on their transition to a new server hosting provider, Cloudflare.
🎥 The official YouTube channel of the Supreme Court of India was hacked and used to push a fake XRP crypto scheme. The channel has since been removed.
🔍 ZachXBT posted his investigation into three cybercriminals who stole $243M from one person last month. Two of them have been arrested.
⚖️ A Texas judge dismissed a lawsuit filed by Consensys against the SEC and its Chair, Gary Gensler. The lawsuit aimed to get a court ruling that Ether isn't a security.
😰 Tether has never gone through a third-party audit, sparking fears that it could face a liquidity crisis similar to FTX. Justin Bons, founder of Cyber Capital, pointed out that back in 2018, the first firm that tried to conduct an audit was fired for being "too thorough."
🚨 Singapore-based crypto exchange BingX has been hacked, with losses exceeding $52M. According to BingX's Chief Product Officer, Vivien Lin, the exchange's hot wallet might've been attacked.
😼 Catizen, the viral Telegram-based crypto game where players build and manage virtual cat cities, launched its CATI token. It became the first cat-themed token listed on Binance.
🍌 Juicy memes
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