The trader bagged nearly $2 million in profit by investing in the “4” memecoin shortly after Zhao’s social media post following the BNB Chain phishing incident.
Cryptocurrencies News

The cryptocurrency paradigm was heralded by the launch of Bitcoin (BTC) in 2008, inspiring a new technological and social movement. The goal of cryptocurrencies is to provide a medium for global, peer-to-peer transaction settlement that preserves privacy and financial security.
A cryptocurrency monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties such as central banks, corporations or governments. Cryptocurrencies are powered by cryptographically secure, verifiable transaction databases called blockchains, which provide their security and transparency.
A cryptocurrency network consists of a global community of stakeholders, including the validators that secure the network while adding transactions to the blockchain, the traders who speculate on these radically market-driven assets, and the builders working to onboard people to this new financial paradigm.
At Cointelegraph, we are chronicling the ongoing story of cryptocurrency and the rise of a borderless, permissionless financial system. How will industry stakeholders work to make crypto a mainstay in people’s lives? How will crypto investments change the paradigm of the current financial system? And will incumbent and legacy systems accept or fight this change?
Stay tuned: Cryptocurrencies are going to play a big role heading into the future.
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In Nairobi and Lagos, stablecoins like USDT and USDC help people fight inflation, cut costly remittances and move money through mobile wallets such as M-Pesa.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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The $300 billion record stablecoin supply may act as “rocket fuel” for the crypto market, while signaling a growing integration with global finance, industry watchers told Cointelegraph.
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Sam Bankman-Fried claimed that handing over FTX to its current CEO was the “single biggest mistake” that prevented him from saving the exchange.
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Bitcoin ETFs are the market’s “clearest sentiment barometer,” indicating an incoming breakout for “Uptober,” analysts told Cointelegraph.
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Crypto venture capitalists are a “lot more careful” and not just jumping on every hot narrative, says a Bullish Capital Management executive.
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The Bitcoin four-year cycle is driven more by "human emotion" and will likely continue to play out in “some form,” according to a crypto executive.
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Bitcoin rallied close to $124,000 as surging US demand for BTC, shifting Federal Reserve monetary policy and hopes for a bullish Q4 lifted investor sentiment.
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An FDIC meeting will follow up on acting chair Travis Hill’s statements that he would support Trump’s executive order targeting “politicized or unlawful debanking activities.”
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Ether’s chances of breaking above $5,000 depend on institutional accumulation, but rising competition and muted derivatives metrics keep investor sentiment restrained.
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The UK will lift a ban on specific crypto exchange-traded products starting next week, but the regulator said its “framework would need to be updated” before considering ETFs.
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Solana CME futures open interest hit $2.16 billion as ETPs drive $500 million inflows. With institutions accumulating while retail stays cautious, are institutions quietly leading the charge?
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Analysts were eying a “quick” Bitcoin breakout to $150,000, as ARK Invest’s Cathie Wood compared the Hyperliquid token’s performance to Solana during the previous crypto cycle.
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Solid inflows into Bitcoin ETFs and a stellar start to the month drastically increase the chance for BTC to hit a new all-time high.
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