Monday's update:

Over the weekend, Bitcoin (BTC) was comfortably lounging above USD 37,000, but come Monday morning, it took a tiny tumble to USD 36,850.

Fear not, it's already bouncing back! In a twist, Monday's trading buzz is as lively as Sunday's chill vibes.

Meanwhile, Ethereum (ETH) has hit pause on its rally party, leaving its price drifting in limbo without a clear direction.

Market News

Bitcoin Millionaires Club: Membership Tripled in 2023!

^{Image source: BitDegree News}

The club of Bitcoin millionaires has exploded this year!

Wallets loaded with over $1 million in Bitcoin rocketed from 23,795 to a whopping 81,925. That's not just growth; it's a crypto gold rush!

So, what's the big deal? You may ask.

Well, imagine if the number of Ferraris in town suddenly tripled.

Everyone would be talking about it, right?

It's the same with Bitcoin wallets. More wallets than ever are holding over a million bucks in Bitcoin.

But hold your horses – it's not just individual crypto tycoons; many of these wallets belong to big-shot exchanges and financial institutions.

Takeaways:

• 💥 Millionaire Explosion: The Bitcoin millionaire count has surged like a rocket, but it's not just individual riches; big players are in on the game too.

• 🚀 Market Buzz: Bitcoin's price is currently doing the cha-cha around $37,000, partly thanks to buzz about potential Bitcoin ETFs. If one gets the green light, expect some serious fireworks in the market!

Crypto News

Crypto Heist Alert: $27 Million in Tether Vanishes!

^{Image source: BitDegree.org}

Alright, get this: A Binance-linked crypto wallet just got a $27 million haircut in Tether (USDT) on November 11.

And who's on the case? None other than ZachXBT, the digital Sherlock Holmes.

Imagine you've got a digital piggy bank full of virtual cash (that's your cryptocurrency wallet).

Now, someone sneaks in, cracks it open, and swipes $27 million in digital dollars (that's Tether, a kind of crypto).

They're not just sitting on it, though. They're playing hot potato, swapping it for different crypto and bouncing it around like it's in a pinball machine.

It's a classic case of 'now you see it, now you don't,' but with a truckload of cash.

Key Takeaways:

• 😬 Fast and Furious: The alleged hacker shifted $27 million to new digital pockets quicker than you can say crypto-robbery.

• 🧐 Binance Blues: The victim's wallet was cozied up with Binance, sparking gossip - was it an inside job, or did Binance drop the security ball?

• 🗿Hot Wallet Hullabaloo: Keeping $27 million in a hot wallet? As "SmartecVitalik" said, that's like leaving your car keys in the ignition with a "Steal me" sign. Wake up, crypto world!

BITE-SIZED NEWS 🗞️

1. Backpack Exchange Rises from FTX's Ashes to Reinvent Crypto Security.

2. Poloniex Exchange Hit by $100M Hack, Proposes 5% Recovery Bounty.

3. Ether Prices Surge Over $2K Following BlackRock's ETF Filing

4. EU Parliament Approves Data Act with Smart Contract Shutdown Provision.

Sounds interesting? Find more crypto news on our website:

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Disclaimer: This newsletter is strictly educational. None of this information is intended to be financial advice. Always do your research and act responsibly with your profits.