Aji Hutama (thevisor)

Breaking News | Bybit Has Been Hacked, US$1.4 Billion Ethereum Lost Bybit, a leading crypto digital asset exchange, has reportedly been hacked, causing losses estimated at US$1.4 billion in Ethereum (ETH), and a number of other tokens, Friday (21/02) local time. Bybit Chief Executive Officer (CEO) Ben Zhou said that he is currently conducting an internal investigation. The reason is, the transactions that occurred showed an address that came from Safe, a warm wallet. Over the past hour, hackers have divided the stolen funds, such as 400,000 Ethereum, into dozens of additional wallets, which exchange funds on decentralized exchanges such as Uniswap, Paraswap, and KyberSwap. Zhou also confirmed that the transfer was made from the exchange's multi-signature wallet to the warm wallet about an hour earlier. Ben Zhou is currently trying to solve the problem. In fact, he promised that if this case is not solved, Bybit is ready to cover the losses of investors.

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Crypto Market Experiences Massive Liquidation of up to US$2 Billion The crypto market recorded the largest liquidation at the beginning of this year, namely US$2.10 billion or around Rp34.2 trillion in the last 24 hours. This happened when Bitcoin (BTC) fell 9.5% and touched US$91,166, Monday (03/02). In detail, this liquidation was experienced by more than half a million people or 700,594 traders who held long positions with a total value of US$1.81 billion. Meanwhile, the short position experienced a liquidation of US$288.75 million. Meanwhile, Ethereum (ETH) experienced the largest liquidation of US$546.59 million. Followed by other assets that experienced liquidation of up to US$426.84 million. And Bitcoin which experienced a liquidation of US$390 million. This happened when Donald Trump decided to immediately sign an order to impose a 25% tariff on Canada and Mexico, and 10% on imports from China on Sunday (02/01).

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Ripple CTO Reveals the Advantages of XRP Compared to Bitcoin. Ripple Chief Technology Officer (CTO) David Schwartz recently explained the reasons why XRP is superior to Bitcoin (BTC). According to him, the fundamental difference between the XRP Ledger (XRPL) consensus mechanism and the proof of work (PoW) system used by Bitcoin is the main reason. Additionally, Schwartz outlined how XRPL is able to solve the double-spending problem without having to rely on energy-intensive mining processes. The reason is, Bitcoin overcomes this with mining, while XRPL relies on more efficient network agreements. "When someone has one unit of a digital asset, the system must ensure that the asset can only be sent to one recipient, not several at once," he said. He also highlighted a number of advantages of the XRP consensus mechanism, including much better energy efficiency than Bitcoin. Meanwhile, XRP also offers higher transaction speeds, with settlement in just seconds.

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Its good for Album Art?

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# **XRP Overtakes USDT, Returns to Become the Third Largest Crypto in the World** XRP has again made history by surpassing the stablecoin Tether (USDT) to become the third largest cryptocurrency by market capitalization, Friday (03/11). According to CoinGecko, XRP's market capitalization value has soared to US$138.86 billion, surpassing USDT which has fallen by US$1.6 billion since December 30. The decline in USDT's market capitalization is thought to be related to the implementation of strict regulations in the European Union through the Markets in Crypto-Assets Regulation (MiCA). This regulation requires stablecoin issuers to have full reserves and operating licenses in the European Union. Still, Tether remains the stablecoin market leader with a 67.21% share of the $204 billion market, according to DefiLlama data. Despite its declining market share, USDT users grew 11.7% in December, with a significant increase in activity on the Tron network.

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#** Michael Saylor: Bitcoin Market Value Will Reach US$280 Trillion in 2045 MicroStrategy CEO Michael Saylor predicts his ambition regarding the future of Bitcoin (BTC). He believes that in the next few decades, Bitcoin's market value will reach US$280 trillion, especially in 2045. Saylor believes that Bitcoin will reach US$13 million per coin in 2045. Especially when looking at the annual growth of 29% over the next 21 years. So, Bitcoin will outperform other asset classes, including gold, stocks. Saylor's statement is in line with the ever-growing transformation of traditional asset wealth such as *real estate*, natural resources, and fiat currencies that are starting to use Bitcoin. Not only that, Saylor said that current technological advances will also push Bitcoin as the best digital store of value, and several other forces will unite to push Bitcoin to the most dominant position later. He sees Bitcoin's growth potential as more than just financial speculation,

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# **Bitcoin Becomes the Best Performing Asset for Two Consecutive Years** Bitcoin managed to outperform all other major asset classes globally with an annual growth of 121% last year. This makes it the best performing asset for two consecutive years, beating gold and the Nasdaq 100 index. According to data from Creative Planning, a wealth management firm, gold only recorded an annual gain of 26.7%, and the NASDAQ 100 posted a gain of 25.6%. Bitcoin's gain in 2024 is indeed slightly lower than the growth in the previous year, which was 156%. However, Bitcoin's extraordinary performance shows its ability to outperform traditional assets and reclaim the first rank as the best performing asset in 2024. It is known that this achievement was obtained due to various factors, such as the launch of the Bitcoin spot exchange-traded funds (ETF) and the Bitcoin Halving event. In addition, the general market sentiment that supports Bitcoin

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