ETHEUR
Ethereum / Euro
cryptoComposite

On the ETH leg they used an EIP-7702 delegation to point Binance 14 at a sweeper contract, so each time the hot wallet auto refilled it got drained again, three passes in a row. The signing setup got compromised to authorize those delegations, so no raw private key ever had to leave wherever it was held.

Binance announced a few hours ago that they have successfully replenished 90% of the hacked losses. They deployed a portion of the SAFU emergency fund, their Futures insurance fund, and corporate treasury money to actively buy replacement crypto on the open market. They have confirmed that major tokens including BTC, ETH, USDT, USDC, and BNB are now 100% fully backed again on the platform. They are finalizing the last stages of their security checks and expect to turn withdrawals back on at some point today. They will release a final announcement when the feature is officially live. [https://www.binance.com/en/square/post/383244328983076](https://www.binance.com/en/square/post/383244328983076)

While writing another post and reading the comments, I came across someone's concerns and wanted to share my thoughts on one particular point. It was about the painfully slow user experience when using XMR. Since someone brought up the inconveniences of using XMR, let me first briefly share my experience with the coin that is most similar to it. I think this will help us compare whether these are unique and unreasonable problems with XMR or common challenges shared by privacy-focused projects. Since I first got into crypto, ZEC has been the coin I've invested the most money in. Of course, ZEC also takes a long time to sync when you first set up and use a private wallet. Moving funds between a wallet and an exchange also requires at least 20 minutes for transactions to be fully confirmed. These are certainly inconvenient for users. However, considering that these privacy projects have been around for more than 10 years, I think it's fair to assume that these limitations are not due to a lack of intelligence or willingness to improve on the part of their developers. In the end, I see the inconveniences you mentioned as things users have to accept when using these projects, rather than things to simply complain about. I'm not a cryptography expert, so I don't know whether these things are technically impossible, or whether they are technically possible but require so many resources to develop that they are simply not practical to work on. What matters is that these complaints should not create a narrative that makes it seem difficult to trade or hold XMR or ZEC as an asset because of these conditions. This approach does absolutely nothing to help the privacy ecosystem. Apart from that discussion, it would be much more reasonable and beneficial for all of us to focus on improving other aspects instead. I believe the developers are already aware of these issues, and when technology makes practical improvements possible, each project will find its own way to address them. Even so, based on current Binance prices, ZEC and XMR are the 3rd and 4th highest-priced cryptocurrencies per coin, behind only BTC and ETH. Despite all the inconveniences you mentioned, people have still placed considerable value on these coins and recognized their importance. And there is one more point I haven't addressed yet. It's about the slow user experience when using XMR. Since I live in South Korea, I have convenient access to high-speed internet almost everywhere. Perhaps the slow user experience can feel even worse for some users depending on their internet infrastructure. Therefore, I think people who are new to privacy coins need clear and friendly guidance so they can understand synchronization and transaction speeds as characteristics of these coins rather than something to complain about. So, when creating videos or posts introducing privacy-focused coins, including XMR, I think it would be a good idea to briefly explain the inconveniences users might experience when first using these coins near the end, depending on the situation. It would also be helpful to include simple instructions such as, "Click this link if you need help."

As the title says that is how my heavy and diverse Crypto investing pretty much ended. I had at one point over 200 different crypto currencies. A lot of them were on the Cosmos Ecosystem/Chain, but I also had SOl, ETH and BNB eco Cryptos as well. I was everywhere, just heavy in Cosmos. At the height of the crypto market , particularly the fall of 2021 my total crypto portfolio was well over a 150K which for me an average income person, is a lot of money. Of course I didn't sell everything at the top, but I sold a little. In the end I have made over 50K from about $2500 invested over the 6 years I was involved daily. Since the fall of 2025, I have "Played" with a few different chains, but no more than 4 or 5. After October 10th of last year, I decided to buy some Hyperliquid and I also participated in the Monad ICO. I used Solana and Jupiter DEX on Solana from about January of this year until June. I bought ecosystem tokens on Solana, Hyperliquid, Monad and Ethereum. Except for the right timing when I dumped all my 110,000 Monad @ 0.0325 my biggest and only win since last December was only HYPE, which I bought at $32 and sold all of at $88 in September. Of all of the Ecosystem tokens I bought, Pixie Dust or DUST on Monad was the worst.to one. I pad as high as $0.62 for DUST as I was heavily using Neverland. I finally sold it all @ 0.37. Right now it's 0.017. I only have about 585 Jupiter still staked worth a whole $150 at the moment. With the recent Multi Billion dollar Binance hack and all of the past huge blows to crypto as a whole, is there any reason that right now for me to be optimistic or bullish on any Crypto Currency? I am seriously asking here, because I think, but could be way off, for the foreseeable future (at least a year) crypto will perform poorly. The Clarity Act at this point is all but been forgotten about and we all know that traditional Big Banking does not want Crypto replacing the actual US dollar. I far as I know only El Salvador is using Bitcoin as their currency. I really hope all of the negatives associated with crypto and all these hacks, exploits and corrupt people involved in large projects go away and crypto becomes widely excepted by everyone one day. I am pro crypto, but in the current state it has coalesced into a giant mess of confusion and doubt.

A lot of the tokens they stole are centralized tokens ie USDT. The publishing agencies can froze them. So they need to convert them to decentralized tokens ie ETH

Best learning is learning by doing the actual trading in a safe environment such as paper trading a strategy you learn from YouTube, resources available from internet. You can use AI to go over all the basics and trade management understanding how to set TP/SL and expectations in win-rate and expectancy. I learned from Tasty Trade Live and Options Alpha. Mike's white board is especially useful. And audio books helped me tremendously with motivation. Action in the actual paper-trading will make it clear for you. I would encourage to stay away from 0 DTE and trade to understand a strategy, learn to do Technical Analysis through charts and Fundamental Analysis along with studying a company ER, cash flow, debts, revenues, growth and its competitors. And perform small trades and make the trade strategy your own in tuning delta, undefined to defined risk, a comfortable Risk to Reward ratio. I wrote an options-scaner with 9 options strategy + 1 futures trading futures index, oil, gold, BTC and ETH. You can use it as a base and input your DTE and POP. The higher the POP, the lesser is the premium. Start small with defined risk strategies that you know ahead of time the max loss. And think of SL to cut the max loss. For example, when a debit spread loses 1/2 of its values or too close to expiration, I cut my loss with pre-set rules. [https://tickersrank.ai/options-scanner](https://tickersrank.ai/options-scanner) [https://tickersrank.ai/leaders](https://tickersrank.ai/leaders) And my trading bots doing paper trading is in [https://tastydaytraders.com/explore](https://tastydaytraders.com/explore) and one need to use custom dates to see PnL of each of the strategies in October.

Sponsored by ETH so basically free lol

Funny enough today is the 18th anniversary from the day the “white paper” was released.. look up the bitcoin white paper, highly encourage to read it or find an audio version.. the most basic form i could say, is that its just only a trust-less digital ledger without any counterparty risk, that keeps track of all the transactions, and is immutable (meaning it cannot be reversed or changed) and can work as a peer-to-peer cash system.. but basically it is completely decentralized, Actual hard capped supply of 21m coins ever, and is the purest form of medium of exchange we have today that doesnt involve any third party, so in other words a peer-to-peer electronic cash system, which is capped in supply and cannot be inflated or debased, and is 100% trustless and cannot ever be confiscated (if held correctly as intended).. I could get into the heavy details of “proof-of-work” and the mining aspect of bitcoin, but thats an entire conversation also 😂 and then there is the opposite which is “proof-of-stake” which a bunch of scam coins, with a CEO or institution in charge, run off of, like ethereum and solana lol (not to say that ETH and SOL arent great investments right now tho)

I’d be interested in the geographic distribution of ETH ownership, especially after the Binance hack.  Finance is geopolitics and crypto is becoming the new rails of finance.  If bitcoin’s security model will survive long term because of sovereign subsidy (as some here claim) and if ETH is the base layer asset on which the future of France is built, then where ETH and BTC is concentrated, by jurisdiction not by wallet, is a strategic question impacting adoption and price.

Hmm, interesting question **Why ETH?** USDT has corporate blacklist keys, native ETH does not. Uniswap was the only permissionless AMM deep enough to dump $325M before Tether called `freeze()`. **Why not XMR?** Market cap ≠ order book depth. Atomic swap nodes only hold a few million in active liquidity so dumping $325M into Monero would instantly break the order books, cause 500% slippage, or get frozen by instant swap compliance engines. Meaning the hacker would only receive a fraction of the coins they paid for.

North Korea winding up with $3b of ETH is a pretty bad outcome, even if the other tokens mostly got frozen.

with the MU gains, a few more grand can go into ETH. There is loads of liquidity, it rotates between asset classes. When it's crypto's turn, ETH will moon.

>**Ether unsteadiness,** >**Polymarket headiness,** >**Quantum readiness.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap

Yes, because if MU weren’t a desirable option, all $1000 would ultimately be invested in ETH.

Someone has $1000 to spend and they look into MU and ETH.... They decide to spend $500 on MU but think ETH might go down and give a better entry at a later date so they hold $500 cash. Has MU stolen the air from their ETH investment?

If you use money to buy ETH, you are making an affirmative choice to buy ETH instead of more MU. This is the case no matter where that money comes from - income, savings, or a loan (margin). Every allocation decision is also a non-allocation decision. Everyone who chooses to buy more ETH has an opportunity to buy more MU instead.

Just got a mail from Binance. They say they have managed to fully cover most holdings (“All BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed at 100%”), and they hope to resume withdrawals tomorrow already. We’ll see if they manage to keep their plan.

I do the exact opposite: when the market crashes I buy the dip by swapping USDT to ETH, and when the market surges I take the profit by swapping ETH to USDT.

I thought I read something where the majority of the funds were put on to a lending platform as collateral. They then defaulted on the loan and ran off with the borrowed ETH.

You also can't freeze Bitcoin, ETH, etc. So it's not that easy

$3 Billion of the $6.3 Billion was in in Circle and Tether and was easily frozen. Why did the attacker convert $325 Million of USDT to ETH on Uniswap rather than XMR? Why wasn't that ETH then seized or frozen? The current market cap of Monero is $11.2 Billion. What would happen if someone tried to convert $1.5 Billion in BTC to XMR using Unstoppable Swap? What would happen if someone tried to convert $325 Million in Ethereum to XMR using Cake Wallet, Basic Swap or a combo of other defi exchanges? Detailed analysis of the hack by TRM Labs can be found [here](https://www.trmlabs.com/resources/blog/north-korea-steals-usd-6-36-billion-from-binance-in-the-largest-hack-in-history).

More astrology. No amount of chart lines will change the fact that ETH doesn't capture value from the protocol.

Not for BTC yet, at least from the wallets it publishes. On our node those 71 addresses spent in about 9 of every 10 blocks last week, and the hot wallet's last batch of withdrawals went out at 20:48 UTC on the 29th. Since 01:33 UTC on the 30th not one of them has spent a coin, 223 blocks and counting. Its 38 listed Ethereum addresses are flat too, at about 2.89M ETH. So the real sign BTC withdrawals are back will be that hot wallet sending batches again.

1) AI as an investment isn't about to die. 2) Investing in AI is not stealing from ETH

Altcoins are offtopic here but I would avoid ethereum Not every altcoin is a scam but if I were you I would just focus on education and Bitcoin until you learn more because that one is indeed a scam. no point to ethereum , its on a slow decline because its primary use case was launching pump and dump scam tokens and now solana can do that cheaper than ethereum because of higher gas prices. If solana ever becomes more popular than their fees will rise like eth and another altcoins will overtake solana 1) Vitalik and many others in the Ethereum space are known scammers. Vitalik is not an idiot thus he should have known better than pitch something as ridiculous as quantum mining to potential investors. This is a snake oil salesman pitching technical nonsense to the credulous. https://www.youtube.com/watch?v=DkUpZkeqhF4 https://medium.com/bitcoinerrorlog/vitaliks-quantum-quest-9e6af6570f23 2) ETH is an illegal security according to the Howey test with a premine of 72 million eths. They purposely misled investors by suggesting merely 12 million gifted premine ignoring the 60 million they sold. Misleading total supply graphs in their prospectus. 3) Vitalik and many other have been falsely representing Ethereum and misleading others over and over again. example - pitching turing completeness as the valuable aspect of ETh , now pivoting away from that and saying it was never about turing completeness but "rich statefulness" 4) Ethereum is a pointless project that will lead to no efficiency because there is no censorship risk in code execution. If a project has no hope of ever creating an efficiency(like bitcoin has found with regulatory arbitrage) than every company and project will ultimately fail in its ecosystem. Are you trying to suggest that someday in the future there will be censorship risk in code execution? If not than what purpose does Ethereum solve if it comes with a horrible tradeoff of an extremely large attack surface and huge scaling problems? 5) Advertising immutability and unstoppable contracts that were than immediately reversed with multiple hard forks. 6) For goodness sake the inflation distribution rate or final algo is not even defined and people are investing in this. This is insane and basically amounts to faith in vitalik and his team, while at the same time newbs are misled into believing eth is decentralized. 7) Ethereum has already failed to scale as expected and so they created a whole new blockchain instead of upgrading and following the difficulty bomb/ice age as they promised and lied about many times. 8) the fact that ethereum is switching over to staking rewards has serious tax implication in many countries where merely holding your eth unlike bitcoin being staked will expose you to taxes. Coinbase for example files 1099MISC for any staking over 600 usd a year to the IRS https://www.youtube.com/watch?v=wUUVlatCvp0 https://www.youtube.com/watch?v=mCiHTJRbIf4 https://www.youtube.com/watch?v=BgFXqVpGDNg https://medium.com/startup-grind/i-was-wrong-about-ethereum-804c9a906d36 https://np.reddit.com/r/EthereumScam/ Proof of stake as a whole is pointless, insecure, and will always trend to centralization Proof of stake game theory insures that those with the most coins will continue to collect the most fees , thus creating a vicious cycle of centralization where they continue to accrue more coins with 0 effort unlike with Proof of work where a meritocracy exists of those trying to be more efficient and miners are forced to sell most of their coins Ask yourself why metamask which is open source wallet was forced to ban certain people in certain countries recently while no open source bitcoin wallet needs to do that Its because ethereum is so centralized only a few companies can afford to run a full archival node(infura) which is necessary for metamask functionality and governments can target these single companies unlike bitcoin full nodes.