DrKCrypt retweeted
🚨 The US midterm elections are today.
Control of Congress is at stake, and the result could move stocks, crypto, bonds and the dollar.
Here are the possible scenarios:
1. If Republicans win both chambers:
• Stocks and AI companies could benefit from continued deregulation and policy support.
• Crypto legislation could face fewer political obstacles.
• Bond yields could rise if markets expect more government borrowing and spending.
• The U.S. dollar could strengthen if yields rise.
2. If Democrats win both chambers:
• AI and Big Tech could face tougher oversight and investigations.
• Trump's tax and spending plans could face more resistance.
• Crypto legislation could face longer negotiations.
• Budget and debt ceiling disputes could increase market volatility.
3. If Democrats win the House but Republicans keep the Senate:
• Major legislation could become harder to pass.
• Markets could face more uncertainty over government funding and the debt ceiling.
• Stocks could benefit from fewer major policy changes, although political deadlock could create short-term volatility.
4. If Republicans win the House but Democrats take the Senate:
• Republicans could retain control of spending legislation in the House.
• Senate confirmation and legislative priorities could face more resistance.
• Markets could price in slower policy changes and more political negotiations.
5. If results are extremely close or delayed:
• Stocks, bonds and the dollar could experience short-term volatility.
• Uncertainty could continue until control of Congress becomes clear.
One important thing, a Democratic win does not automatically mean stocks crash, and a Republican win does not guarantee a rally.
Historically, U.S. stocks have performed well after midterms regardless of which party controls Congress.
DrKCrypt retweeted
Midterms are tomorrow
here's what btc did after the last 3, scaled to today's price:
2014: -48% in 71 days → ~$40.5K
2018: -51% in 39 days → ~$38.4K
2022: -15% in 13 days → ~$66.3K
each of those lows was the bear market bottom
a year after the election: +24% / +45% / +92%
DrKCrypt retweeted
How this will play out. The playbook of Financial Repression. You will see daily fear tactics to force you to sell to the fiat bank system dollar. Stocks, crypto, anything. The tactics will include "hacks", "FUD", "War" and anything else that gets people nervous thinking selling to dollars is safe.
This is the tactic. Asset stripping. The strategy is to then close the system, trapping the wealth in the dollar banking system, and then to inflate the money supply, there by diluting the purchasing power of the dollars, and inflating away the debt to manageable numbers.
Remember this post.
DrKCrypt retweeted
Last time the market didn't properly sell off after a huge event like this was the FTX collapse
When I saw the lack of follow through then I got giga bullish
And we subsequently went from 16k to 100k
Hard to be bearish here after having been given the same setup yet again
DrKCrypt retweeted
Structural similarities here too between the FTX collapse that marked our bottom and the Binance hack.
DrKCrypt retweeted
🚨 The AI BUBBLE is starting to look like a MUCH bigger problem than overpriced tech stocks
More than $2 TRILLION was on track to be wiped off the Nasdaq 100 in October, and now Wall Street is getting nervous about something far more dangerous: DEBT.
Blackstone expects Anthropic to receive a JUNK credit rating after its IPO, according to the FT, even as the company plans more than $800 BILLION in computing investments through 2045.
Amazon is burning through cash. Alphabet just lost roughly $500 billion in market value in ONE DAY. And CoreWeave's borrowing costs have reached levels that would make most companies sweat.
Here's where things get crazy.
AI companies are borrowing BILLIONS to buy chips from suppliers who are increasingly helping finance the very customers buying those chips.
That's a LOT of money moving around the same circle.
And the entire industry is just betting that future AI revenues will eventually justify the enormous costs of building all this infrastructure.
Nobody is even questioning whether AI is actually useful.
They're rather questioning whether the spent TRILLIONS to build it will ever make returns.
And if the debt markets lose confidence before those profits arrive, this could get ugly VERY quickly.
Source: MarketScreener, Investing[dot]com, Bloomberg / Writer: Oliver
Wall Street is obliterating BIG TECH, with Intel plunging nearly 30% and AMD losing more than 11%.
And the rest of the market? Surprisingly calm.
Nvidia is down 4.32%, Broadcom 5.63%, while Microsoft and Amazon are also in the red.
But ENERGY, UTILITIES, REAL ESTATE and parts of healthcare are actually gaining.
Money isn't fleeing the entire stock market. The selling is concentrated in technology, with chipmakers taking the worst hits.
That's what makes this selloff so interesting.
The companies that helped drive Wall Street's AI boom are now taking some of its biggest losses, while investors find opportunities elsewhere.
Writer: Oliver
DrKCrypt retweeted
No, actually I should have been more precise with that chart there. This is the range I have on ETH, and I believe we actually printed our first impulse of the next major wave (to 20k+) with that move off the $1500 lows. So ETH imo has completed it's range/consolidation phase and actually already begun the next expansion phase with that first impulse- it's just not obvious to many because technically its still trading within the price region of our corrective range.
DrKCrypt retweeted
Binance 🚨🚨is balance sheet restructuring & trying to stop a bank run that was likely already forming due to their internal bad debts or fractional reserve practices. . Binance is facing a massive liquidity crisis (maybe due to bad loans, FTX-style internal trading desk losses, or regulatory freezes). They need to lock up $6.3 billion in user funds without admitting insolvency. 🚨
They engineered a "hack" using the EIP-7702 vector. They move the funds to wallets they control. They freeze $3B of it (to stop the bank run on their own exchange) and let $3.3B "escape" into dormant BTC wallets and Uniswap swaps (which are likely wash trades back to their own market makers). They crash the market 4-5% to liquidate short positions and scoop up cheap assets.
🚨
Look at the forensic breakdown of the attack. In the span of 20 minutes, the attacker drained funds across ten different blockchains, including Bitcoin, Ethereum, Tron, Solana, XRP, Optimism, and Avalanche.
🚨
These blockchains do not share the same cryptographic curves or key types. Bitcoin uses ECDSA (secp256k1). Solana uses Ed25519. XRP uses its own variant of ECDSA. A single compromised laptop does not possess the magical ability to sign valid transactions across ten fundamentally different cryptographic architectures in 20 minutes. As TRM Labs explicitly noted in the forensic data, a single phished Ethereum authorization cannot explain Bitcoin, Tron, XRP Ledger, Solana, and layer-2 transfers all occurring simultaneously
🚨
If a real hacker compromised their laptop, they would have to navigate Binance’s internal infrastructure to access 10 separate, isolated hot-wallet signing services, bypassing hardware security modules and multisig requirements for each individual chain. That takes hours or days of lateral movement, not 20 minutes.
🚨
The only entity capable of executing simultaneous, validly signed withdrawals across ten different chains in 20 minutes is the exchange’s own internal automated withdrawal engine
—🚨
According to the on-chain data, the attacker took 325 million USDT and swapped it for Ethereum on UniswapX at a 10 percent discount, paying a massive premium for speed.
Professional market makers absorbed that trade. Why would an external hacker take a 10 % haircut on an irreversible, unsanctioned swap when they control the wallet? They wouldn't.⚠️⚠️🚨
Furthermore, the Bitcoin stolen was split into exactly 1,000 BTC chunks across 17 new wallets and then sat completely dormant.
🚨
It was not laundered. It was not moved to a mixer. It was organized into clean, institutional-sized blocks and parked. Hackers do not park stolen funds in neat, 1,000 BTC increments. Institutional custodians do this when they are restructuring balance sheets or moving funds to cold storage under their own control.🚨
The attacker even routed test transactions back to itself before the main sweep.
This is the behavior of an internal engineer testing a deployment script.🚨
—-
Binance is doing exactly what FTX did before its collapse, just with a more sophisticated smokescreen. They have halted withdrawals. They are promising to make users whole with money they do not have.
🚨
Within the next 30 to 60 days, Binance will slowly resume withdrawals for small retail users to maintain the illusion of solvency. Large institutional whales will find their accounts frozen indefinitely pending "investigation" into the hacked funds. The $3.3 billion in Bitcoin and Ethereum currently sitting in dormant wallets will not be recovered. It will be slowly commingled with other exchange flows over the next year to quietly plug Binance's internal holes.
🚨
You are watching a bank robbery designed to hide the fact that the largest exchange on earth is out of money.
-
kenhuangus.substack.com/p/ho…
nbcnews.com/business/markets…
DrKCrypt retweeted
It's amazing many many times now Triple Witching has happened at the lowest point of volatility and has kicked off a correction later. 20 becomes an important range to hold, 30 becomes the level you go all in if we get.
DrKCrypt retweeted
$BTC:
Bitcoin is still within its bullish fractal despite todays Black Swan and the total loss of the EMA50 and MA50 daily that I considered as support in the area of 80-81k.
There is a very important support at $76,000, the breakout above that area was the confirmation of the start of the bull market, so losing it is a very big blow for all bulls and something I dont want to see at all. Losing 76k will be catastrophic and there will be a high risk of 67-69k. For now, as long 76k there is no need to Panic.
I believe that this was a massive shake out in the market, triggering tons of liquidations and panic sales in the recent hours, and call me crazy but I am confident that the bull market continues. My longs from 80,400 remain open , and my entire spot positions from $60,000 as well.
I understand that all of X is now full of content regards DrProfit was wrong , and many are happy to see DrProfit wrong, and let me tell you that I enjoyed the entire run when bought spot at 60k and calling for 87-88k, I enjoyed shorting at $87k, and taking profits on shorts at 80,600, and accumulating longs between 80-81k resulting in an average long of 80,400. I enjoyed every single trade and the FUD and noise does not concern me at all. Know your risk, know your leverage! In case BTC loses 76k I will admit that I was wrong with my recent 80-81k long, but it will not make me a bear as I consider the current move as flush for the next leg up.
No Financial Advice, educational only
DrKCrypt retweeted
Binance is finished.
After this people will never use Binance again, even if they make everyone whole, every sane person will withdraw everything as soon as they open withdrawals.
What do you mean one devops developer was able to cause a 5.6 billion loss? You didn't split it into multiple buckets? No external approvals required for large withdrawals? No automated anomaly detection?
Nobody believes you CZ.
They don't have the funds to cover it, which is why withdrawals are still closed.
The only way they open withdrawals is if crypto drops way lower and they can rebuy everything lower.
If that doesn't happen it's over.
DrKCrypt retweeted
Binance now starting to spot sell $BTC a lot heavier after the hack.
Arkham now say the hack was roughly around $5.7B in stolen funds. Some frozen, some not. I'm sure Binance isn't publicly telling us the full story and tbh its hard to trust anything they say at this point about the hack.
But I wonder if they are going to need to sell any assets to fill the gap and pay back those who were effected?
Largest hack in crypto history after Hyperliquid dropped the biggest headline in crypto history.
Coincidence? Or is there something we don't know? I'm going to say it's something we don't know and will never know, exactly like what happened on October 10th of last year.
Elon is now trolling CZ and Co. about the hack publicly on X. Why would he do this?
So many things we are left in the dark about and guess what, the ones who are truly effect are.... You. Retail believer and investors. I really don't think we hate these type of people enough.
DrKCrypt retweeted
Our team is doing everything we can to support in the current situation, including blocking sends to compromised wallets. We've also reached out to Binance to offer our help.
Moments like this call for the industry to work together. Openly sharing any useful information and helping to protect customers should come first, regardless of which platform they use. If you can do anything to help, please do!
Crypto has been through many tough times, and has always come out stronger on the other side. This won’t be any different.
DrKCrypt retweeted
Call me crazy, but the @binance hacker stole BTC, ETH, USDT etc worth $6 BILLION, but ZERO $ worth of binancecoin:native
Okay. Do with that what you want.
arkm.com/explorer/entity/21a…
DrKCrypt retweeted
Tin foil hat time.
My theory is that Binance has had a hole in their balance sheet for a while now.
Today was their last-ditch effort to nuke crypto prices so they could buy back way lower, fill the hole, and maybe even make some money off the top.
They saw prices going up, realized the hole was going to get WAY bigger, and decided to nuke it.
Unfortunately for them, prices didn't drop nearly as much as they needed.
And I'm not buying this story about some random DevOps developer getting hacked and compromising the entire operation.
I've worked in enterprise software engineering. Nobody at companies of this size should have that kind of unilateral access.
Changes to critical infrastructure typically have to go through multiple layers of review. Engineering, security, DBAs, org leadership, etc.
In a properly secured Kubernetes environment, you aren't be able to just waltz into production pods and do whatever.
You're telling me one compromised DevOps engineer had enough access to cause BILLIONS in losses, and there wasn't a single additional control in place to stop it?
You expect me to believe that shit?
Something doesn't add up.
This is speculation, obviously.
DrKCrypt retweeted
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
binance.com/en/support/annou…
DrKCrypt retweeted
Yaşanan yaklaşık 6 milyar dolarlık hack ile ilgili kafamı kurcalayan çok fazla şey var.
60+ Altcoin çaldı. Hepsini tek tek ve yavaş yavaş ETH'ye çevirdi.
ETH'lerin büyük çoğunluğunu halen bridge yapmadı veya THORChain vs kullanarak BTC'ye çevirmedi ya da satmadı. Farklı cüzdanlara bölüştürdü ve bekliyor. İşlemlerini izlemeye devam ediyorum. Muhtemelen bunlardan birini zamana yayarak dönüştürecektir. Tıpkı Bybit'in 1.5 milyar dolarlık ETH hacki sonrasında THORChain kullanarak washlaması gibi.
Öte yandan 240 Milyon dolar değerinde TRX çalınmasına rağmen TRX'in pump yapmasındaki sebep kafa kurcalıyor.
Çaldığı BTC'ler Binance'ın SAFU fonundan daha yüksek bir meblağ.
CZ, çalınan miktar önemli ölçüde değil, biz bunu karşılarız diyor. Benzer şeyi 2022'de FTX CEO'su SBF'de söylemişti. Evet gerçekten de karşılayabilir, SBF'de gerçekten karşılayabilirdi. Ancak ona izin vermemişlerdi. Burada ne olacak merak ediyorum.
Yine aynı şekilde Coinbase'in attığı paylaşım da manidar. "Coinbase Güvende ve Emniyette, Binance durumunu etkin bir şekilde izliyoruz ve destek sunmak için ekiplerine ulaşıyoruz." diyor. Bunun birebir aynısını 2022'de Binance'da FTX düşüşü zamanında söylemişti.
Geçtiğimiz günlerde AI bulgusu olan PHP hack sonrası yine CZ'nin bir paylaşımı var. Bu paylaşıma 4 görsel sığdığı için diğerlerini alta koyuyorum. Hiçbir crypto cüzdanı %100 güvenli değil, Hiçbir yazılım hatasız değil, hiçbir teknoloji %100 emniyetli değil diye attığı paylaşım, sanki bugünlere önden mesaj verir cinsindendi.
Resimleri birleştirmeye çalıştığımda yeni döngünün gerçekleşebilmesi için yeni krizlerin ortaya çıkması gerekiyor gibi bir anlam çıkartıyorum tüm bunlardan. CZ ve Binance çoktan ipleri ABD tarafına vermişti zaten. Binance devri kapanıyor Coinbase'i en büyük tekel yapıyorlar diye yorumluyorum bu olayları. Ancak %100 kesin böyledir diyemem.
Yine CZ'nin söylemlerinden biri de şüpheleri daha fazla arttırıyor. "Her ne kadar Binance ile ilişiğim kalmasa da bir hissedar olarak kullanıcı varlıklarının etkilenmemesini önemsiyorum".
Bugünkü hack LAZARUS'un hack davranış biçimini yansıtmıyor. Başka teraneler dönüyor bu çok net.
Öte yandan Tether 1.567 milyar dolar Circle 800+ Milyon dolar, toplamda 2.3 milyar dolar civarı parayı nasıl oluyorda bu kadar hızlı, hazır ve nazır tetikte bekliyor ve 15 dakikadan çok daha kısa sürede blackliste alabiliyorlar, çokça akıllı sözleşmeler yazan birisi olarak söylüyorum mümkün olmayan bir durum.
Haber Alma>Şüphelenme aşaması>Hack ihtimali>Karar alma>Aksiyona geçme gibi süreçler bu kadar hızlı alınamaz. Captain Sully bile uçuştan hemen sonra kuş çarpması sonrasında çift motorunu kaybettiğinde, uçağın kontrol mekanizması (kokpit) içeririsinde olmasına rağmen bu kadar hızlı kararlar alıp uygulamaya geçememiştir. Bu da hazırlıklı bir planlı eylem olabilme ihtimalini güçlendiriyor. Fakat yine de söylediğim gibi kesinliği olmayan tahminlerime ve yorumlarıma dayanıyor bunlar.
Peki ne olacak şimdi?
Tüm süreci takipteyim. On-chain aktiviteleri de izliyorum. Takipte kalın bildirimlerinizi açın. Kritik görüdğüm bilgileri aktarıyor olacağım.
