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Elon Musk is one of the most well-known names in the crypto community and now the fraud has started with his deepfake. Here are all the details.

A five-hour YouTube Live broadcast today used a deepfake of Elon Musk to spread cryptocurrency scams. The video, which has since been removed, featured a clip of Musk that was intended to appear as a livestream from a Tesla event. An AI-generated version of the X CEO’s voice told viewers to visit a website and deposit their bitcoins, Ethereum. It also offered opportunities such as participating in a raffle with Dogecoin. The message played in a loop means that the system will then “make twice the amount of cryptocurrency you deposited”. multiple He promised to send it back automatically.

Crypto fraud with Elon Musk's deepfake!

More than 30,000 viewers were drawn to the stream at one point (though we can’t rule out the possibility that those numbers were inflated by bots). The broadcast moved to the top of YouTube live views. The account pretending to be Tesla, @elon.teslastream, had the Official Artist Channel verification badge, so it’s possible they were facing an account hack. After Engadget reached out to Google, both the video and the channel were removed.

Elon Musk deepfake scams have increased over the past few months, in each case using an account appearing to be from one of Musk’s companies. Therefore, it is useful to pay close attention to cryptocurrency scams. Everything has become easier, especially with artificial intelligence.

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Crypto

Whales Continue to Collect Bitcoin

On the new day, Bitcoin is trading at $58,136 and Ethereum is trading at $3,118. The total value of the cryptocurrency market is 2.09 trillion dollars. Bitcoin’s market cap is $1.15 trillion, Ethereum’s market cap is $374 billion.

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On the new day, Bitcoin is trading at $58,136 and Ethereum is trading at $3,118. The total value of the cryptocurrency market is 2.09 trillion dollars. Bitcoin’s market cap is $1.15 trillion, Ethereum’s market cap is $374 billion.

US spot bitcoin ETFs report $147 million in net inflows, extend positive flow streak to four days

The biggest inflow on Wednesday was into Fidelity’s FBTC with $57.79 million, according to SoSoValue data. This was followed by Franklin Templeton’s spot bitcoin fund, which made the largest fund purchase since the beginning of May and achieved an inflow of $ 31.66 million. BlackRock’s IBIT, which has the largest net asset value, reported a net inflow of $22.24 million, while Valkyrie’s BRRR generated a net inflow of $20.68 million. Invesco and Galaxy Digital’s BTCO fund recorded inflows of around $9.5 million, while Ark Invest, 21Shares, Bitwise and VanEck funds reported smaller net inflows. Grayscale’s GBTC, the second largest bitcoin ETF, was the only fund to report a net outflow of $8.15 million yesterday. Additionally, a total of $1.25 billion worth of transactions were carried out in 11 spot bitcoin funds. However, trading volume in spot bitcoin ETFs remained significantly lower than the daily trading volume of over $12 billion in March and April of this year. ETFs have collected a total of $15.42 billion in net inflows since January.

Bitcoin bull run spot bitcoin

Asset growth of long-term BTC investors reached the fastest monthly rate since April 2023

According to CryptoQuant analysts Bitcoin whales are increasing their holdings at 6.3%, the fastest growth rate since April 2023, indicating that BTC demand is increasing. In the market report published by the analytics company, it was stated that the increase in BTC demand from long-term investors supports the price of the digital asset. This situation is caused by the seizure of Bitcoins in the hands of the German and US governments and the collapse of the bankrupt BTC exchange Mt. It was emphasized that this took place despite the increased supply of funds distributed from Gox as they entered the market. The report said that the accumulation rate of whales increased as the BTC price fell from $ 71,000 to the current range of $ 58,000-59,000. Analysts noted that long-term investors made strong profits when prices rose above $70,000 in early June, but then suffered some losses and became less willing to sell. “This could be an early sign of BTC price hitting bottom.” They added. However, the CryptoQuant report stated that since stablecoin liquidity growth has not yet fully started, it may take some more time for BTC prices to hit bottom and start a new uptrend.

The question Ethereum or Bitcoin has been answered

Goldman Sachs enters cryptocurrency market, plans to launch three tokenized funds this year

The 50-year-old bank plans to launch three tokenization projects by the end of the year. The details of these projects are not yet clear, but it is known that one will focus on the US fund sector and the other on the European debt markets. Goldman Sachs also plans to create Marketplaces for tokenized assets. Additionally, rival firms such as BlackRock, Franklin Templeton, and Fidelity have recently taken significant steps in the field of tokenizing “real-world assets.”

BlackRock CEO Larry Fink said tokenization is “the next generation of markets.” A few months after this announcement, the asset manager company launched its treasury product called BUIDL, which works with blockchain technology. BUIDL’s market cap recently surpassed $500 million. Franklin Templeton has separately launched an on-chain fund and associated BENJI token that pays interest on the Stellar and Polygon blockchains. Fidelity International tokenized shares in a money market fund. Unlike many of its competitors, Goldman Sachs focuses on using permissioned networks rather than fully decentralized blockchains like Ethereum due to regulatory concerns. The company first started working with permissioned blockchain networks in 2021.

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Crypto

Number of Binance Users Announced

Binance, in its statement on its social media accounts, stated that the number of users over 200 million announced that he was leaving. While this is making a huge impact in the cryptocurrency world, we see that the company’s goals are even higher. Binance aims to increase the number of users to 1 billion. Two years ago, the platform, which had 130 million users in 2022, gained 40 million new users in 2023 and 30 million in the first half of 2024.

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Binance, in its statement on its social media accounts, stated that the number of users over 200 million announced that he was leaving. While this is making a huge impact in the cryptocurrency world, we see that the company’s goals are even higher. Binance aims to increase the number of users to 1 billion. Two years ago, the platform, which had 130 million users in 2022, gained 40 million new users in 2023 and 30 million in the first half of 2024.

Number of Binance Users Announced: Global Cryptocurrency Investors and Binance’s Place

According to the data of research firm Triple-A, 562 million people around the world have cryptocurrency investments. 200 million of these investors are Binance users. This means that global cryptocurrency investors about 36% have Binance It shows that you prefer it. This large user base of Binance demonstrates the reliability and popularity of the platform.

The number of Binance users has been announced

Another information that attracts as much attention as Binance’s number of users is the total value of cryptocurrencies stored on the platform. According to a study conducted in March, Binance total of 100 billion dollars cryptocurrency is stored. This works out to an average balance of $500 per user. This figure reflects Binance users’ trust in the platform and the size of their investments.

Number of Binance Users Revealed: Binance’s Future Goals

Binance seems determined to increase the number of users. Reached 200 million users Although they are, the company’s target of 1 billion users is quite ambitious. To achieve this goal, the platform needs to continue attracting new users. Binance’s growth strategies include introducing new services, expanding in global markets, and improving user experience.

Binance, remains a major player in the cryptocurrency world. The platform continues to grow by offering a wide range of cryptocurrency services to its users. This increase in the number of users shows that interest and trust in cryptocurrencies is increasing.

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Crypto

FTX Surprised with New Prison Sentence

FTX, once a storm, surprised everyone with its new prison sentence. In the cryptocurrency world shaken by the collapse of FTX, Ryan Salame, one of the top managers, was sentenced to seven and a half years in prison. Salame ran FTX’s subsidiary in the Bahamas and was the first executive to be penalized following the company’s bankruptcy in November 2022.

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FTX, once a storm, surprised everyone with its new prison sentence. In the cryptocurrency world shaken by the collapse of FTX, Ryan Salame, one of the top managers, was sentenced to seven and a half years in prison. Salame ran FTX’s subsidiary in the Bahamas and was the first executive to be penalized following the company’s bankruptcy in November 2022.

Ryan Salame, 30, was convicted of violating campaign finance law and operating an unlicensed money transfer. While prosecutors recommended a sentence of five to seven years, the court went beyond that period. Half past seven to Salame sentenced to one year in prison. Defense lawyers had requested a prison sentence of 18 months. Salame became the first senior FTX executive to accept his punishment and make confessions.

FTX Surprised with New Prison Sentence: Luxury Life and Political Donations

During FTX’s peak, Salame attracted attention with his luxury spending. He bought expensive cars, private jets and restaurants in Massachusetts. He donated more than $24 million to mostly Republican candidates in the 2022 US midterm elections. However After FTX’s collapse Federal prosecutors raided Salame’s home in Maryland and launched a massive investigation.

FTX with new prison sentence

Salame pleaded guilty in September and admitted to acting as an illegal “fake donor” at the direction of FTX founder Sam Bankman-Fried. This is American history largest campaign financing It was recorded as one of the violations. With his guilty plea, Salame agreed to pay a $6 million fine and more than $5 million in restitution. He also lost two properties in Massachusetts and his Porsche.

FTX Surprised With Its New Prison Sentence: The Collapse of FTX and Its Aftermath

FTX Following its bankruptcy, Bankman-Fried stealing 8 billion dollars was accused. Three senior executives (Gary Wang, Nishad Singh and Caroline Ellison) admitted financial crimes and cooperated with the government.

Salame did not testify in court against Bankman-Fried, but helped prepare the case by voluntarily turning over documents.

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