Hey crypto enthusiasts, buckle up for a whirlwind tour of the latest and greatest happening in the digital asset realm! The crypto world has been buzzing with some eyebrow-raising developments you won’t want to miss.
First stop, North Korea, where the infamous Lazarus Group has been up to its usual tricks, amassing a jaw-dropping 13,518 BTC. Yep, that's over $1.1 billion worth! This heist-loving crew recently pulled off the biggest crypto robbery yet, snagging around $1.5 billion in Ethereum from Bybit. They've since turned a chunk of it into Bitcoin. With this stash, they’ve climbed the ranks to become the fifth-largest national holder of BTC, cozying up behind the US, China, the UK, and Ukraine.
Meanwhile, in South Korea, the central bank is playing it safe with its currency reserves, keeping Bitcoin at arm’s length due to its wild rollercoaster of a ride in the markets. They’re not keen on the headaches that come with BTC’s volatility, especially when it doesn’t quite meet the International Monetary Fund’s standards.
And while some big names are struggling, Toncoin (TON) is having its moment in the sun! The price shot up after French authorities handed back Telegram founder Pavel Durov’s passport, giving him the freedom to leave the country. His arrest last summer had cast a shadow over TON, causing its value to dive, but things are looking sunnier now.
Now, for the cherry on top! A daring investor had the crypto community buzzing this weekend by placing a colossal short position on BTC with a mind-boggling 40x leverage on Hyperliquid. This high-stakes gamble caught the attention of crypto bigwig Justin Sun and others, who tried to push the price up and force a liquidation. Despite their best efforts, the investor managed to hold their ground, and the short position has now swelled to an estimated $450 million. Talk about a nail-biter!
So there you have it, folks! Another week in crypto, another set of jaw-dropping stories. Stay tuned, because in this industry, there’s never a dull moment!
