@cryptostudent
GM
1) Price action: Bitcoin is hovering roughly in the $87K–$89K range, with markets choppy on thin holiday liquidity.
2) Derivatives driver: a very large BTC options expiry (reported around $28 billion) is a main reason traders expect short-term volatility spikes.
3) Exchange microstructure: a BTC/USD1 pair on Binance briefly “flash-crashed” near $24K due to low liquidity in that specific pair, then snapped back fast.
4) Security headline: Trust Wallet’s Chrome extension was hacked, with reports of over $7 million drained; the owner (Binance-linked) said users would be reimbursed.
5) How it worked (per reporting): malicious code/telemetry-style tooling was used to harvest data and steal funds from affected extension users.
6) Another security/legal update: Coinbase said a former customer-support agent was arrested in India tied to a past incident involving bribed reps and customer-data access.
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