Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Justin Sun Apes into Banana Artwork: Tron founder Justin Sun purchased Maurizio Cattelan's Comedian—a banana duct-taped to a wall—for $6.2 million at a Sotheby’s auction, sparking controversy.

2. Scammer: “We Make $35K in Two Days”: A Coinbase scammer revealed to Casa CEO Nick Neuman that they earn $35,000 in just two days by targeting crypto executives and high-net-worth individuals.

3. 📈Technical Analysis Masterclass - Bitcoin is surging toward $100,000, capturing market attention while altcoins remain stagnant. Watch UseTheBitcoin’s latest Youtube video “Sell Your Profits at THIS Level Before It’s Too Late!” to know how you can make the most of Bitcoin's rally or join our Official Telegram Channel for more alpha!

4. 💡Feature of the Day - Apple Critical macOS Exploit: Apple has released a patch for two zero-day vulnerabilities (CVE-2024-44308 and CVE-2024-44309) affecting Intel-based Macs. Binance CEO Changpeng Zhao urged Mac users to update immediately.

All this and more in today’s headlines!

📰 News Highlights:

Justin Sun Apes into Banana Artwork [Source][Source][Source]

Tron founder Justin Sun stunned the art and crypto worlds by purchasing a banana duct-taped to a wall for $6.2 million at a Sotheby’s auction—and he plans to eat it.

The artwork, Comedian by Maurizio Cattelan, symbolizes the intersection of art, memes, and digital culture.

Sun outbid fierce competition, elevating the piece from its $1 million estimate to a new level of cultural spectacle.

The $6 million price tag covers a certificate of authenticity and detailed instructions to replace the banana and duct tape as needed.

Scammer: “We Make $35K in Two Days” [Source]

A brazen Coinbase scammer revealed to Casa CEO Nick Neuman that they earn five-figure weekly profits targeting crypto executives, CFOs, and engineers.

In a candid conversation shared on X, the scammer explained their methods: phishing calls backed by leaked databases, malicious links, and sophisticated auto-doxxing tools.

The scammer claimed access to data from Unchained Capital and a focus on high-net-worth individuals with at least $50,000 in crypto.

Their tactics include spoofed Coinbase emails, non-KYC exchanges, Tornado Cash for laundering, and Monero for obfuscation.

“Crypto is the Wild Wild West,” the scammer said, underscoring the vulnerabilities in the ecosystem.

 📈Technical Analysis Masterclass:

Sell Your Profits at THIS Level Before It’s Too Late!

Bitcoin’s Current Momentum

• Approaching Key Levels: Bitcoin’s trajectory toward $95,000 signals strong momentum, with $100,000 becoming a realistic target.

• Potential Retracement: Despite the bullish outlook, markets are unpredictable, and a short-term pullback could occur.

Altcoin Dynamics

• Bitcoin Dominance: During Bitcoin rallies, liquidity and attention often shift away from altcoins.

• Profit Flow: Historically, when Bitcoin reaches key psychological levels like $95,000 or $100,000, traders take profits, which often flow into altcoins, sparking their rallies.

Strategic Approach

• Profit-Taking Plan: Gradually take profits as Bitcoin approaches $95,000. This minimizes the risk of missing further upside while securing gains.

• Altcoin Reinvestment: Redirect some profits into altcoins, as they may rally once Bitcoin stabilizes or retraces.

Why Focus on Altcoins?

• Market Patterns: Altcoins often lag during Bitcoin rallies but catch up once BTC stabilizes.

• Signs of Accumulation: Altcoins' current underperformance suggests potential quiet accumulation or readiness for a move.

💡 Feature of the Day: 

Apple Critical macOS Exploit [Source][Source][Source]

Apple has rushed out a patch addressing two zero-day vulnerabilities actively exploited in Intel-based Mac computers.

The flaws, CVE-2024-44308 and CVE-2024-44309, allowed hackers to execute malicious code and carry out cross-site scripting attacks through WebKit, Apple’s browser engine.

Binance founder Changpeng “CZ” Zhao urged Mac users to update their systems immediately, emphasizing the risk of exposure.

Today’s Sponsor:

This week we have partnered with Gemini.

Gemini is crypto-obsessed and compliance-focused, making it safe and easy to buy and sell crypto.

Over $200 billion USD in volume traded.

Join the movement today with Gemini.

😂 Crypto Meme of the Day: 

Meme of the day provided by @TheBTCTherapist

And that’s it for this today.

Buy, sell, store, and convert crypto with today’s sponsor Gemini, full-reserve and highly-regulated cryptocurrency exchange and custodian!

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com