Today's Top Crypto Headlines: Stay Ahead of the Curve!

Good Afternoon Crypto Enthusiasts!

And welcome to the very first edition of the UseTheBitcoin.com newsletter!

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Looking forward to our crypto adventures together!

Today were going to dive in and share with you the top crypto news stories of the day.

📰 Todays News Highlights:

Crypto Wallet Hijacking Tool Inferno Drainer Shuts Down After Enabling $70 Million in Thefts (Link)
In a surprising turn of events, Inferno Drainer, one of the most notorious crypto wallet-draining tools-for-hire, has announced its closure, bringing an end to its reign of digital theft. The infamous tool, which helped phishing scammers steal nearly $70 million in crypto this year, has decided to "move on," leaving behind a trail of ravaged wallets and frustrated victims.

Inferno Drainer's demise marks a significant blow to the crypto heisting underworld, making it more difficult for cybercriminals to effortlessly siphon funds from unsuspecting victims. However, the team's decision to leave their files and infrastructure intact raises concerns about the potential for its resurrection under a different guise.

Inferno Drainer's rise and fall serve as a stark reminder of the ever-evolving landscape of cybercrime and the constant need for vigilance among cryptocurrency users. Robust security measures, including strong passwords, two-factor authentication, and secure wallets, remain essential to safeguard one's digital assets.

As Inferno Drainer fades into the shadows, the battle against crypto heists continues, demanding innovation and adaptability from the cryptocurrency community to stay ahead of the ever-evolving tactics of cybercriminals.

Circle and SBI Holdings: Pioneering USDC's Expansion in Japan (Link) (Link) (Link)
Circle, the issuer of USDC, has partnered with SBI Holdings to foster USDC and Web3 services in Japan.

Following Japan's regulatory embrace of stablecoins, this alliance aims to propel USDC's adoption, pending SBI Holdings' registration as an electronic payment service provider.

This venture is poised to transform Japan's digital financial landscape, enhancing cross-border transactions and digital asset management.

HTX's $30M Mistake (Link) (Link)
In a surprising turn, HTX (formerly Huobi) faced a $30 million exploit, but it's not down for the count. With Bitcoin bouncing back and Justin Sun at the helm, HTX is gearing up for recovery.

That said, this isn't HTX's first challenge – it's actually their fourth major incident in recent months – yet the exchange remains a significant player in the volatile crypto market.

Paradigm Distances Itself from Blast Network's Controversial Launch (Link) (Link)
Uh oh! Despite Blast Network's initial success, early investor Paradigm has stepped back, citing concerns with its launch strategy.

Paradigm's criticism focuses on the premature bridge launch and the imposed withdrawal restrictions, while Blast founder Pacman defends the project.

This disagreement underscores the complex dynamics within the crypto industry, highlighting the ongoing debate over best practices and ethical standards.

And that’s it you’re all caught up on the top news of the day!

😂 Crypto Meme of the Day:

💥 Market Movers:

• Top Gainer: Terra Classic/ LUNC up 24.8%, spurred by Binance's recent support. $LUNC volume spikes up by +100%. Speculations, price predictions and positive news surrounds Terra classic that makes the rally continues as of today. 

  

  Never thought I would see LUNC as the top gainer again… but here we are.

• Top Loser: Blur/$BLUR down 10.41%, following Blur Foundation Season 2 airdrop issues.

  

  AirDrop issues causing a “drop” for Blur…

📈 Investor's Corner:

Could Bitcoin's 'Santa Claus Rally' Bring a Holiday Miracle in 2023? (Link)

The Bitcoin community buzzes with anticipation as the holiday season nears, hopeful for a 'Santa Claus Rally' akin to the spikes of 2013 and 2017. This speculative trend, while not guaranteed, hints at Bitcoin's tendency for year-end surges.

The term has gained traction on platforms like Twitter and Reddit, particularly with Bitcoin's recent 10% monthly and 128% annual rise.

Proponents of this theory point to two key instances that lend credence to the idea:

• 2013: Bitcoin experienced a remarkable 49% surge during the holiday season, setting the stage for its breakout year in 2017.

• 2017: Bitcoin witnessed an even more dramatic surge, skyrocketing by 28% during the holiday period, further cementing its reputation as a seasonal performer.

While these instances don't guarantee a repeat performance, they undoubtedly add to the intrigue surrounding the potential for a Bitcoin Santa rally in 2023. The growing excitement is palpable across social media and discussion forums, with enthusiasts eagerly anticipating a potential holiday miracle.

So, is Santa right, will we have a festive season surge? Only time will tell. But one thing is for sure: the anticipation is electrifying, and the possibility of a Bitcoin bonanza is keeping enthusiasts on the edge of their seats.

📅 Upcoming Crypto Events:

• Nov 28: Circle's cross-chain protocol launch on Cosmos Noble app chain.

• Nov 28: Illuvium debut on the Epic Games Store.

• Nov 30: Linen Wallet operations end, funds returned.

• Nov 30: Deactivation of Snowtrace, the Avalanche blockchain browser.

• Dec 1: Rescheduled dYdX token unlock.

🌐 Macro Market Monitor:

• Nov 28: AWS Conference

• Nov 29: US Q3 GDP announcement

• Nov 30: PCE Inflation data release

• Nov 30: Tesla Cybertruck unveil

• Dec. 1: Powell's conference speech

And that’s it for today!

Thanks, for reading our very first newsletter!

Feel free to just reply back to this email with any recommendations or suggestions on how we can improve the reading experience, any feedback is greatly appreciated.

Talk soon,
Jonathan Gibson
UseTheBitcoin.com