Do Kwon’s Shadow Wallets, Exploitative Hacks, Musking Binance and 20 Crypto Jokes
Let’s see what happened this week in crypto: here is a short summary. Bitcoin could reach $100,000 or more by 2025 if the Bitcoin Rainbow Chart model is to be believed, BTC may be nearing the bottom if certain drilling analogy metrics are correct, Bluntz predicted bitcoin will trade sideways in a range bound environment for 12 more months, Chamath Palihapitiya predicted DeFi will transform all financial assets , and we also looked into whether Paul Tudor Jones changed his bitcoin price prediction. Also, check out how much El Salvador’s $30 BTC giveaway would be worth today. Meanwhile, the Ethereum network saw its biggest one-day growth so far in 2022, and computer graphics card prices fell by nearly 60% following the Ethereum Merge. Then, on -chain data from the Terra blockchain suggested Do Kwon was still cashing out from his “shadow wallets”, BNB Chain came back online after being suspended due to an exploit that drained around $600 ...