The $6 Billion Wake-up Call — Week in Review

Bitcoin fell back toward $77,000 as news of Binance’s multibillion-dollar breach hit the market late Thursday night EDT. Despite what is shaping up to be the largest crypto hack (by at least 2x, maybe 3x) and arguably the largest heist in all of financial history, bitcoin has held up remarkably well. Prior to the hack, the argument over bitcoin’s prospects had already become heated. Jason Calacanis expects a brutal year ahead , citing weak ETF flows, better investment alternatives and AI drawing attention away from bitcoin. The replies were predictably hostile, especially given Mr.

Source: Bitcoin.com News