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Today's Top Crypto Headlines:
Trump Crashes Markets for Rate Cuts | Dark Storm Hacks X | Meteora Co-founder’s X Hacked and more...
King Fatrick Gil Añasco
March 12, 2025
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Trump Crashes Markets for Rate Cuts: Anthony Pompliano suggests Trump is intentionally pushing markets down to pressure the Fed into cutting interest rates, aiming to reduce government debt costs.
Dark Storm Hacks X Platform: Pro-Palestinian hacker group Dark Storm claimed responsibility for a DDoS attack on X, leaving 40,000 users offline.
💡Feature of the Day - Meteora Co-founder’s X Hacked: Ben Chow’s X account was hacked, leading to false accusations against DefiTuna memecoin founders.
All this and more in today’s headlines!
📰 News Highlights:
Market commentator Anthony Pompliano speculated that US President Donald Trump may be intentionally driving down stock market prices to pressure Federal Reserve chair Jerome Powell into lowering interest rates.
The President and his team are intentionally crashing the market.
Is this a master plan or are we watching uncontrolled destruction?!
— Anthony Pompliano 🌪 (@APompliano)
5:43 PM • Mar 10, 2025
Pompliano suggested that Trump's strategy aims to reduce the government's refinancing costs for its $7 trillion debt, pushing bond yields lower.
Trump is setting up a stock market crash.
The us government needs to refinance $7 trillion in debt over the next 6 months.
Trump doesn’t want this done at current 10-year yields.
This is why he’s letting the stock market drop while pushing bond prices higher.
As bond prices… x.com/i/web/status/1…
— Thomas Kralow (@TKralow)
11:27 AM • Mar 10, 2025
Despite Powell's refusal to cut rates, recent market turbulence and Trump's tariffs appear to be aligning with the administration's goal of making capital cheaper.
.@POTUS: Interest rates are down at good levels… Nobody ever gets rich when interest rates are high… Interest rates are going down. You know what else is going down? Energy.
— Rapid Response 47 (@RapidResponse47)
2:50 PM • Mar 9, 2025
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A pro-Palestinian hacker group, Dark Storm, claimed responsibility for a massive DDoS attack on X that left nearly 40,000 users unable to access the platform.
🚨DDOS Alert🚨
To anyone wondering why X (Twitter) was down, it was under attack by Dark Storm Team.
Actor: Dark Storm Team
Method: DDOS
Date: March 10, 2025#Hacktivism#CyberAttack#CyberThreat#Darkweb#DarkStormTeam#CyberNews#News#NewsUpdate#HackerNews
— SpyoSecure (@SpyoSecure)
2:30 PM • Mar 10, 2025
The group, which has Russian ties, said the attack was purely a show of strength with no political agenda.
BREAKING: I've been in contact with the leader of the hacker Group "Dark Storm" who has taken credit for the DDOS attack on X today. He says that they have not decided yet how long the attack will persist. He also told me what their next target will be.
The reason he gives me… x.com/i/web/status/1…
— Ed Krassenstein (@EdKrassen)
6:25 PM • Mar 10, 2025
The cyberattack, which occurred on March 10, briefly disrupted X’s operations before being restored, according to owner Elon Musk.
There was (still is) a massive cyberattack against 𝕏.
We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved.
Tracing …
— Elon Musk (@elonmusk)
5:25 PM • Mar 10, 2025
Musk confirmed the attack in a Fox Business interview, stating that the IP addresses seemed to originate near Ukraine.
First, protests against DOGE.
Then, Tesla stores were attacked.
Now, 𝕏 is down.
I wouldn’t rule out the possibility that this downtime is the result of an attack on 𝕏.
— DogeDesigner (@cb_doge)
4:53 PM • Mar 10, 2025
💡 Feature of the Day:
Meteora co-founder Ben Chow's X account was hacked on March 11, leading to a controversial post accusing memecoin founders of exploitative practices.
(Deleted post) Ben Chow
The post specifically targeted DefiTuna founders, alleging they aimed to extract maximum profits from memecoin launches like MELANIA, MATES, and TRUMP.
Earlier, someone had momentarily gained access to the Meteora X account.
We have since regained full control of our account, and will share more updates as we investigate the situation.
— Meteora (@MeteoraAG)
1:58 AM • Mar 11, 2025
Chow’s post suggested this behavior was a key reason for his departure from Meteora, labeling the memecoin space as "parasitic."
It’s true that someone gained access momentarily to our Meteora x account. We’ve since reset the account and now verifying.
— Zen (@realdezen)
2:02 AM • Mar 11, 2025
Meteora quickly clarified that Chow's account had been compromised and urged followers not to engage with any links posted.
Chow's account was recovered, and the fraudulent post was deleted.
😂 Crypto Meme of the Day:
Meme of the day provided by @Arik Hesseldahl
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com