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💥 The Biggest Losses in Crypto History Several major events have caused massive financial damage, shaken investor confidence, and reshaped the crypto landscape. Here are some of the most notable ones: 🔥 1. Mt. Gox Hack (2014) Loss: ~850,000 BTC (worth billions of dollars today) What happened? At the time, Mt. Gox was the largest Bitcoin exchange. It was hacked and eventually went bankrupt. Impact: A huge blow to trust in Bitcoin. Prices plummeted. 🔥 2. Terra / LUNA Collapse (2022) Loss: Be...
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BTC vs ETH Inflation Bitcoin (BTC) Maximum supply: 21 million BTC Current supply increase: Bitcoin block rewards (new BTC issuance) halve approximately every 4 years (“halving”) Annual supply increase as of 2025: Around 1.7% Inflation trend: Decreasing over time because block rewards diminish. By around 2140, all BTC will be mined, and inflation will approach 0% Ethereum (ETH) Maximum supply: Unlimited (theoretically no upper limit) Supply increase: With Ethereum 2.0 and EIP-1559, a “burn mec...
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90% of “Flash Loan” attacks are not hacks in the technical sense, but rather actions carried out within the rules of the smart contract system itself. --- 📌 What does this mean? A flash loan allows users to borrow funds without collateral as long as the loan is borrowed and repaid within the same transaction block. The system prevents funds from being withdrawn before the transaction is completed. However, malicious actors can exploit this mechanism by manipulating price feeds or market dyna...
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Information you need or don't need about web 3 - 15
💥 The Biggest Losses in Crypto History Several major events have caused massive financial damage, shaken investor confidence, and reshaped the crypto landscape. Here are some of the most notable ones: 🔥 1. Mt. Gox Hack (2014) Loss: ~850,000 BTC (worth billions of dollars today) What happened? At the time, Mt. Gox was the largest Bitcoin exchange. It was hacked and eventually went bankrupt. Impact: A huge blow to trust in Bitcoin. Prices plummeted. 🔥 2. Terra / LUNA Collapse (2022) Loss: Be...
Information you need or don't need about web 3 - 1
BTC vs ETH Inflation Bitcoin (BTC) Maximum supply: 21 million BTC Current supply increase: Bitcoin block rewards (new BTC issuance) halve approximately every 4 years (“halving”) Annual supply increase as of 2025: Around 1.7% Inflation trend: Decreasing over time because block rewards diminish. By around 2140, all BTC will be mined, and inflation will approach 0% Ethereum (ETH) Maximum supply: Unlimited (theoretically no upper limit) Supply increase: With Ethereum 2.0 and EIP-1559, a “burn mec...
Information you need or don't need about web 3 - 11
90% of “Flash Loan” attacks are not hacks in the technical sense, but rather actions carried out within the rules of the smart contract system itself. --- 📌 What does this mean? A flash loan allows users to borrow funds without collateral as long as the loan is borrowed and repaid within the same transaction block. The system prevents funds from being withdrawn before the transaction is completed. However, malicious actors can exploit this mechanism by manipulating price feeds or market dyna...
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📅 The Last 5 Years in Crypto – Year by Year Milestones
2020 – The DeFi Boom & Institutional Entry
DeFi Summer: Protocols like Uniswap, Compound, and Aave pushed DeFi TVL up 10x within the year.
Institutional interest: MicroStrategy’s first Bitcoin purchase opened the door for corporate investors.
Ethereum surge: Gas fees hit record highs due to DeFi activity.
COVID-19 crash & rebound: March 2020 saw a sharp market drop, but prices recovered to near ATH by year-end.
2021 – NFTs & Bull Market Mania
Bitcoin ATH: BTC hit $69,000 in November.
NFT boom: Bored Ape Yacht Club, CryptoPunks, and Beeple’s $69M sale made headlines.
Ethereum upgrade: EIP-1559 introduced a burn mechanism.
Celebrities & brands: Snoop Dogg, Eminem, Adidas, and Nike jumped into NFTs and the metaverse.
Meme coin craze: DOGE soared over 10,000% fueled by Elon Musk’s tweets.
2022 – Collapses & Trust Crisis
Terra meltdown: LUNA/UST wiped out over $60B in value.
Celsius, Voyager, 3AC bankruptcies.
FTX scandal: Sam Bankman-Fried’s empire imploded, billions lost.
Crypto winter: BTC fell to $16,000.
Regulatory pressure: U.S. and EU debates over strict frameworks intensified.
2023 – Recovery & ETF Hopes
Bitcoin recovery: Climbed back to $30,000 mid-year.
Arbitrum airdrop: Users received millions in ARB tokens.
BlackRock’s ETF filing: Boosted institutional confidence.
Ethereum Shapella upgrade: Enabled ETH withdrawals from staking.
NFT market shrinkage: Volumes dropped sharply compared to 2021.
2024 – ETF Approvals & Bullish Signals
January: SEC approved Spot Bitcoin ETFs (BlackRock, Fidelity, etc.).
Halving anticipation: April’s scheduled event fueled bullish momentum.
Layer 2 expansion: Base, zkSync, and Optimism reached record adoption.
Memecoin comeback: PEPE, BONK, and others spiked briefly.
CBDC pilots: China, Europe, and others advanced digital currency tests.
2025 – So Far
Strategic Bitcoin Reserve: In March, the U.S. established an official “Strategic Bitcoin Reserve” using seized and abandoned BTC—also planning reserves for other digital assets.
GENIUS Act: Signed by President Trump on July 18, the law mandates 100% reserve backing, audits, and transparency for stablecoins—marking a historic step for U.S. crypto regulation.
Market milestones: By July, crypto’s total market cap surpassed $4T. Bitcoin hit $124,000 in August, up 32% YTD.
Coinbase acquires Deribit: Announced in May for $2.9B, expanding Coinbase’s derivatives footprint and signaling readiness for institutional adoption.
Mega hack wave: Losses in H1 2025 exceeded $2.17B, driven by major breaches at ByBit and CoinDCX, sparking new concerns over security.
📅 The Last 5 Years in Crypto – Year by Year Milestones
2020 – The DeFi Boom & Institutional Entry
DeFi Summer: Protocols like Uniswap, Compound, and Aave pushed DeFi TVL up 10x within the year.
Institutional interest: MicroStrategy’s first Bitcoin purchase opened the door for corporate investors.
Ethereum surge: Gas fees hit record highs due to DeFi activity.
COVID-19 crash & rebound: March 2020 saw a sharp market drop, but prices recovered to near ATH by year-end.
2021 – NFTs & Bull Market Mania
Bitcoin ATH: BTC hit $69,000 in November.
NFT boom: Bored Ape Yacht Club, CryptoPunks, and Beeple’s $69M sale made headlines.
Ethereum upgrade: EIP-1559 introduced a burn mechanism.
Celebrities & brands: Snoop Dogg, Eminem, Adidas, and Nike jumped into NFTs and the metaverse.
Meme coin craze: DOGE soared over 10,000% fueled by Elon Musk’s tweets.
2022 – Collapses & Trust Crisis
Terra meltdown: LUNA/UST wiped out over $60B in value.
Celsius, Voyager, 3AC bankruptcies.
FTX scandal: Sam Bankman-Fried’s empire imploded, billions lost.
Crypto winter: BTC fell to $16,000.
Regulatory pressure: U.S. and EU debates over strict frameworks intensified.
2023 – Recovery & ETF Hopes
Bitcoin recovery: Climbed back to $30,000 mid-year.
Arbitrum airdrop: Users received millions in ARB tokens.
BlackRock’s ETF filing: Boosted institutional confidence.
Ethereum Shapella upgrade: Enabled ETH withdrawals from staking.
NFT market shrinkage: Volumes dropped sharply compared to 2021.
2024 – ETF Approvals & Bullish Signals
January: SEC approved Spot Bitcoin ETFs (BlackRock, Fidelity, etc.).
Halving anticipation: April’s scheduled event fueled bullish momentum.
Layer 2 expansion: Base, zkSync, and Optimism reached record adoption.
Memecoin comeback: PEPE, BONK, and others spiked briefly.
CBDC pilots: China, Europe, and others advanced digital currency tests.
2025 – So Far
Strategic Bitcoin Reserve: In March, the U.S. established an official “Strategic Bitcoin Reserve” using seized and abandoned BTC—also planning reserves for other digital assets.
GENIUS Act: Signed by President Trump on July 18, the law mandates 100% reserve backing, audits, and transparency for stablecoins—marking a historic step for U.S. crypto regulation.
Market milestones: By July, crypto’s total market cap surpassed $4T. Bitcoin hit $124,000 in August, up 32% YTD.
Coinbase acquires Deribit: Announced in May for $2.9B, expanding Coinbase’s derivatives footprint and signaling readiness for institutional adoption.
Mega hack wave: Losses in H1 2025 exceeded $2.17B, driven by major breaches at ByBit and CoinDCX, sparking new concerns over security.
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