Today's Newsletter Content 📃

⌚👀Market Watch⌚👀

🚀 Bitcoin Breaks $104K as Powell Shifts Stance on Crypto

Big moves in the crypto market! Bitcoin surged 4.5% to $104,783 after Fed Chair Jerome Powell dropped a bombshell, stating that banks can serve crypto businesses if they manage risks properly. This marks a huge shift from the previous anti-crypto stance. Meanwhile, the Senate is gearing up for a hearing on February 5 to investigate the “debanking” of crypto firms. Adding fuel to the fire, Donald Trump took a shot at JPMorgan and Bank of America for shutting down crypto-related accounts.

📢 Breaking Bad Star’s X Account Hacked for Meme Coin Scam!

Even Hollywood isn’t safe from crypto scams. Dean Norris, best known as Hank Schrader from Breaking Bad, had his X account hacked to promote a fake meme coin called DEAN. The scammers even faked a Cameo video and a Telegram group to make it look legit. Norris later confirmed the hack and warned his followers. This is part of a growing trend of celebrity-backed crypto scams, with similar cases involving Caitlyn Jenner and Lionel Messi. Remember, if it sounds too good to be true, it probably is!

💰 $790M in Token Unlocks Incoming – SUI Leads the Pack

Brace for impact – $790 million worth of tokens are unlocking this week (Jan 27 – Feb 3). Leading the charge is Sui ($256M worth of tokens unlocking), followed by Solana ($111M) and Optimism ($45M). Other projects like Dogecoin, Avalanche, and Polkadot are also adding to the circulating supply. Expect some market turbulence as these tokens hit the open market!

🔥 Pump.fun Hits $15.38M in Daily Revenue – Thanks to Vine Coin!

Meme coins are still printing money! Pump.fun smashed a record $15.38M in single-day revenue, thanks to the launch of Vine Coin, created by Vine co-founder Rus Yusupov. Not only that, but Pump.fun is now the fastest crypto app to hit $100M in revenue. However, competition is heating up as Jupiter just acquired Moonshot, posing a serious challenge to Pump.fun’s dominance. Will they stay on top, or will the meme coin crown be stolen?

🔗 Phantom Wallet Adds Sui, But SUI Takes a Hit

Phantom Wallet, originally a Solana-first wallet, is expanding its game by integrating Sui (SUI), allowing users to store, swap, and interact with Sui dApps. But instead of celebrating, SUI’s price dropped 4%, extending its 20% decline over the past 10 days. It seems investors aren’t too bullish on this move. If SUI doesn’t hold the $3.60 support level, we could see even bigger dips ahead.

🎙 WazirX’s $235M Hack Repayment Plan – But There’s a Catch!

First up, we’ve got some major news from India’s biggest crypto exchange. WazirX has received court approval in Singapore to repay victims of its massive $235 million hack from July 2024. But here’s the kicker – the repayment plan hinges on 50% of the 4.2 million affected users voting in favor. Voting will take place online over the next three months. Meanwhile, co-founder Nischal Shetty hinted that trading could resume by February 2025. Oh, and the suspected attackers? The infamous Lazarus Group, linked to North Korea. WazirX is also planning new revenue features to rebuild trust.

🔓 DeepSeek’s Data Breach – AI Rival Exposes User Info!

Chinese AI startup DeepSeek just had a major oops moment! The company accidentally exposed over one million lines of unprotected data, including user prompts and API keys. Cybersecurity firm Wiz was quick to sound the alarm, and the data disappeared within an hour. But let’s be real – if it was exposed, someone probably got their hands on it. DeepSeek has been gaining ground fast, even outpacing ChatGPT in App Store downloads, but this security breach raises some serious questions about AI data safety.

🤣 MEME OF THE WEEK 🤣

Alright, that’s a wrap for this week edition of The Web3 Watch! 🚀
See you all next week!

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