death – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 26 Jul 2025 15:15:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.9 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 death – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bank Insider Drains $195,000 From Churches, Kids Museum and Customers, Fakes Own Death To Prevent Recovery of Incriminating Evidence: US Department of Justice https://earlybirdsinvest.com/bank-insider-drains-195000-from-churches-kids-museum-and-customers-fakes-own-death-to-prevent-recovery-of-incriminating-evidence-us-department-of-justice/ https://earlybirdsinvest.com/bank-insider-drains-195000-from-churches-kids-museum-and-customers-fakes-own-death-to-prevent-recovery-of-incriminating-evidence-us-department-of-justice/#respond Sat, 26 Jul 2025 15:15:47 +0000 https://earlybirdsinvest.com/bank-insider-drains-195000-from-churches-kids-museum-and-customers-fakes-own-death-to-prevent-recovery-of-incriminating-evidence-us-department-of-justice/

A bank employee is pleading guilty to stealing from the lender’s customers and lying to conceal her guilt, according to the US Attorney’s Office for the Eastern District of Virginia.

The Eastern District says Truist Bank employee, Ahshah Dior Martin, stole $195,000 from at least 70 Truist Bank accounts.

Martin started gathering banking information on her would-be victims in 2023 after improperly accessing the bank’s computer systems.

“Then, she initiated fraudulent debits and withdrawals from these accounts for her own benefit. For instance, Martin repeatedly initiated payments from customer bank accounts to a child support payment processor, through which Martin paid herself.”

The victims Martha stole from while working at Truist Bank were diverse and comprised of both individuals and entities, according to the Eastern District. They included “multiple churches, a children’s museum, an eye tissue bank non-profit organization, manufacturing and construction companies, a small business making customized holsters, and the North Carolina Wing of the Civil Air Patrol.”

Truist Bank fired Martin in April of 2024 but she frustrated efforts by the eighth-largest US bank by total assets to retrieve the computer she had been issued at work.

“To conceal her wrongdoing and prevent the return of her Truist laptop, Martin faked her own death. On April 17, 2024, in response to an email from Truist asking for the computer, Martin responded, “Sorry to inform you, she has passed away.””

The former Truist Bank employee spent the money she stole on “cosmetic products, clothing, travel expenses, dining, and at a hookah bar,” the Eastern District says.

Martin faces up to three decades in prison. She will be sentenced in November.

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Gaza famine: Is anyone going to stop a looming death spiral? https://earlybirdsinvest.com/gaza-famine-is-anyone-going-to-stop-a-looming-death-spiral/ https://earlybirdsinvest.com/gaza-famine-is-anyone-going-to-stop-a-looming-death-spiral/#respond Sat, 26 Jul 2025 10:08:34 +0000 https://earlybirdsinvest.com/gaza-famine-is-anyone-going-to-stop-a-looming-death-spiral/

Gaza is on the brink of a mass starvation crisis, and once it starts, it will be difficult if not impossible to stop.

The Palestinian population of the Gaza Strip has faced various levels of food insecurity throughout the war that Israel has waged on the territory since Hamas’s October 7, 2023, attack, fluctuating with the amount of aid Israel has allowed to enter the enclave via checkpoints it controls.

In March 2024, the Integrated Food Security Phase Classification (IPC) — the primary organization tracking food insecurity worldwide — issued a warning that every resident of Gaza was at risk of crisis levels of food insecurity, and half were at risk of famine. (Crisis levels are reached when a population has “food consumption gaps alongside acute malnutrition” or is “only just able to meet their food needs, resorting to crisis coping strategies like selling off essential livelihood assets.” Famine is the most serious form of hunger, involving a complete lack of access to food and resulting starvation and death.) A famine was never officially declared, and food access peaked during the negotiated ceasefire reached in January.

In March, Israel cut off all shipments into the Gaza Strip, including food aid, when the ceasefire expired. Israel justified it as a tactical strategy to get Hamas to release more Israeli hostages as part of continuing negotiations.

The flow of humanitarian aid has since slowed to a trickle under the purview of the Gaza Humanitarian Foundation, a private group backed by the US and Israeli governments. It began operating in May, and is the sole entity that has been allowed to deliver food. Almost one-third of the 2.1 million people remaining in Gaza are not eating for multiple days in a row, according to the United Nations World Food Programme.

Israel has also made it treacherous for hungry Gazans to even access food from the GHF. The UN estimates that the Israeli military has killed more than 1,000 Palestinians trying to get aid in Gaza since May. There are four GHF distribution centers throughout Gaza, three of which are in areas where the Israeli military has issued evacuation orders, and they are often only open for short periods of time, sometimes spurring crowds to rush to get provisions.

After enduring more than 21 months in a war zone with inadequate nutrition, the population of Gaza is worn down, and humanitarian groups say that imminent famine will likely cause many to die — not just from hunger, but also from preventable disease that their bodies can no longer fight off.

To understand how Gaza got to this point and what happens next, I spoke with Jeremy Konyndyk, president of Refugees International, an organization that advocates for humanitarian assistance and protection for displaced people. Our conversation below has been edited for length and clarity.

How has access to food in Gaza changed throughout the course of the war?

What happened from really almost the start of the war through all of last year was a population that was hovering right at the edge of a starvation emergency, but never quite dipping fully into it.

The Israeli government had been hugely restricting aid through January and February of 2024. The warning of potential famine came out in early March [2024], and then they subsequently allowed a great deal more aid in in April, and the situation improved. Some of the concessions that the Israelis then made in late March into April, and somewhat beyond that, really did make a meaningful difference. And then the Rafah offensive started in May, and things worsened again after that.

The period of the ceasefire [beginning in January 2025] was the best period for aid access since the war began. For six weeks, hundreds of aid trucks were coming in every day. There was relative freedom of movement and freedom of operation for aid organizations who previously had been heavily, heavily constricted by [Israel Defense Forces] operations and permission structures.

There was always just enough that would be allowed in to prevent the kind of full-blown famine outcomes that I think we’re now beginning to see.

Why is the population of Gaza now on the brink of starvation?

If you fully cut someone off [from food] when they are otherwise in good health, it’s going to take longer for them to deteriorate. If they have spent a year-plus being one step removed from starvation, then they’re much more vulnerable. Another shock to their system has the risk to be much, much more damaging.

I think that’s what we’re now seeing, when Israel withdrew from the ceasefire in March and imposed a total, complete, hermetic blockade on Gaza.

There was, for a while, enough residual aid that had been brought in during the ceasefire.The population could stretch that out and and make do for a while before the deprivation really started to bite again.

I would argue what we’re seeing is still effectively an extension of that blockade, because the primary aid that Israel has been allowing in is through this Gaza Humanitarian Foundation, which is not a meaningful factor in terms of the hunger situation in Gaza. The amounts they’ve been letting in are vanishingly small.

This Gaza Humanitarian Foundation is distributing modest amounts of very poor quality aid to, as far as we can tell, a pretty limited number of people: the ones who happen to be able to get to their sites, which is not most of the population. The cost of a bag of flour has gone up from 50 shekels during the ceasefire earlier this year to over 1,700 now.

What happens if famine sets in now?

When you have a population that is that stressed, whose health has deteriorated that much, or is [already] in such an advanced state of population-level food deprivation and malnutrition, then things can turn bad very rapidly, because there is nothing to stand in the way of starvation.

We have seen this kind of a trajectory in other settings before. Once people’s coping mechanisms are exhausted, once their food and financial reserves are exhausted, once their bodies are in a very weakened state due to sustained malnutrition over a long period of time, then it doesn’t take much to kill someone.

It is very hard for your body to fight off disease or survive an injury, or even just survive. In most famines, we see mortality coming from a mix of both outright starvation and opportunistic infections. So people’s bodies are greatly weakened, and they can’t fight off diseases that would otherwise be very survivable.

There is nothing coming on the horizon to improve that situation unless the Israeli government allows the mainstream professional humanitarian community to actually do their fucking jobs, and that is the one thing they will not allow.

Famines have a momentum, and the longer that they are allowed to deepen, the harder they are to reverse. You need your standard food aid package distributed at scale. But you also need specialized, fortified food products, because people are in such an advanced state of malnutrition. You need advanced therapeutic malnutrition treatment, because a lot more people are now going to be coming into an advanced state of malnutrition that requires inpatient malnutrition treatment.

You need clean water because the food that’s being distributed has to be prepared with water. You need fuel so that people can cook the foods. You need medical treatment because many people who die in a famine die of disease, rather than outright starvation. And you need to improve sanitation, because if people do not have good sanitation, that’s what allows the spread of waterborne diseases.

None of that’s possible right now.

Why in your view has the Gaza Humanitarian Foundation been so ineffective?

A core principle of humanitarian aid delivery is you want to get the aid as close to where the population is as possible.

Gaza Humanitarian Foundation inverts that: They make the people come to the aid, rather than bringing the aid to the people. And they make people come to the aid through a deeply insecure territory, past IDF forces, who have been consistently trigger-happy anytime they see a crowd of Palestinians nearby.

I and others warned very early on that this was likely to produce massacres, that this model was a recipe for disaster.

Another core principle of humanitarian aid is that you must not provide aid in a way that increases the risk to the population. There’s a very strongly ingrained ethos of “do no harm.” This is a “do harm” ethos, if anything. You’re creating a situation where, in order to access aid, you compel people to cross a military perimeter where they are routinely shot at. That is not humanitarianism.

Some advocates have suggested that Israel is using starvation as a weapon of war. Do you agree with that?

That’s indisputable. It’s explicit. They want Hamas to relent, and they see the starvation of the population as a pressure point there.

Do you think the US is complicit in that?

I think the US is certainly complicit in that. I think even the Biden administration bears a degree of complicity in that, because they put somewhat more pressure on the Israeli government than the Trump administration has. But fundamentally, they tolerated the situation that brought Gaza to this point.

They tolerated a year-plus of starvation tactics being used, deprivation and illegal blockade tactics being used, and obstruction of aid, including aid provided by the US government. Rather than taking that on with the Netanyahu government, they did gimmick after gimmick. They did air drops. They did that ridiculous pier operation.

It wasn’t until nearly the very end of the administration that they sent the formal letter to the Israeli government demanding concrete progress. And then, of course, there was no meaningful progress.

I don’t think that solely falls on the Trump administration. Obviously, it is currently the Trump administration’s complicity.

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This is what fiat death looks like. Bitcoin’s 1,500% boom paves the path to Hyperbitcoinization https://earlybirdsinvest.com/this-is-what-fiat-death-looks-like-bitcoins-1500-boom-paves-the-path-to-hyperbitcoinization/ https://earlybirdsinvest.com/this-is-what-fiat-death-looks-like-bitcoins-1500-boom-paves-the-path-to-hyperbitcoinization/#respond Mon, 14 Jul 2025 14:30:38 +0000 https://earlybirdsinvest.com/this-is-what-fiat-death-looks-like-bitcoins-1500-boom-paves-the-path-to-hyperbitcoinization/

Bitcoin has outpaced traditional benchmarks since 2020, registering gains exceeding 1,500%, while gold advanced roughly 115% and the U.S. Dollar Index remained nearly flat.

The divergence in asset performance reflects a period of monetary expansion, persistent inflation concerns, and evolving perceptions of scarce, non-sovereign assets as institutional investors and sovereign entities re-evaluate reserves and portfolio allocations.

Bitcoin climbed from price levels near $7,700 in early 2020 to intraday highs around $123,164 today, driven partly by a weak dollar and spot exchange-traded funds in the United States that removed barriers to institutional participation.

Bitcoin surge since 2020 (Source: TradingView)
Bitcoin surge since 2020 (Source: TradingView)

As BlackRock’s iShares Bitcoin Trust exceeded 700,000 BTC in holdings and surpassed $88 billion in assets under management, the asset class has been increasingly woven into regulated investment products. Institutional access is regarded as creating a price floor while mitigating the volatility traditionally associated with digital assets.

Gold’s upward trajectory continued through the same period, rising from around $1,550 per ounce to over $3,300, as geopolitical tensions and inflation protection strategies preserved demand for physical assets.

Meanwhile, the dollar’s relative value against other currencies remains flat after substantial volatility. Still, its purchasing power has eroded by an estimated 20% cumulatively from 2020 to 2025 due to inflation, according to data from U.S. government sources and CPI indexes.

The COVID-19 pandemic and subsequent economic policy responses in 2020 fueled an expansion of monetary supply and fiscal interventions unprecedented in modern history, prompting market participants to seek stores of value beyond fiat.

We are now walking the path toward Hyperbitcoinization

Bitcoin’s fixed supply and decentralized nature positioned it as both a speculative vehicle and a potential hedge, capturing capital from investors diversifying away from sovereign currency exposure.

Bitcoin’s acceleration has led many to explore the thesis of Hyperbitcoinization, where it might replace fiat currencies as a primary medium of exchange and store of value. While the prevailing analyses maintain this scenario remains improbable in the near term, today’s environment mirrors how fiat currencies’ fall would start.

Bitcoin has become a macro asset comparable to gold rather than an imminent replacement for the dollar. Regulatory frameworks, taxation requirements mandating fiat settlement, and the economic risk of deflation inherent in fixed-supply monetary systems remain substantial hurdles to Bitcoin fully supplanting traditional currencies.

Institutions and governments have nonetheless integrated Bitcoin into treasury strategies. As CryptoSlate has reported, the Emirate of Abu Dhabi disclosed a $439 million position in Bitcoin ETFs. In the United States, President Trump signed an executive order initiating a Strategic Bitcoin Reserve, signaling official sector interest in holding Bitcoin alongside traditional reserves.

Further complicating the outlook, U.S. trade policy in 2025 has introduced tariffs on major trading partners, contributing to inflationary pressures and leading to a decline of around 10% in the dollar index year-to-date. BlackRock CEO Larry Fink cautioned in public statements that persistent fiscal deficits and the risk of dollar debasement could elevate digital assets like Bitcoin as alternatives, reflecting sentiment from parts of the financial establishment that Bitcoin’s role is shifting from speculative asset to strategic reserve.

Currently, the total US debt stands at $37 trillion and rising, while the dollar is in a precarious position.

Surging institutional adoption has coincided with declining evidence of grassroots activity. On-chain throughput broke above 500,000 transfers a day several times in 2025, though Lightning Network capacity has remained relatively flat around 5,000 BTC since mid-2022.

Bitcoin Lightning Network capacity (Source: mempool.space)
Bitcoin Lightning Network capacity (Source: mempool.space)

However, the past few months have seen a drop in capacity to around 4,300 BTC, according to mempool.space.

Transfers below $1,000 do make up more than half of the total on-chain Bitcoin volume, pointing to peer-to-peer settlement rather than exchange consolidation.

Those metrics, paired with ETF inflows, corporate treasury adoption, Abu Dhabi’s allocation, and the U.S. strategic reserve order, create a picture that matches the early stage of Hyperbitcoinization: fiat dilution, a stronger Bitcoin price, and the first migration of day-to-day transactions onto a rival monetary rail. Further, the Lightning Network is not the only way to move Bitcoin on-chain cheaply, numerous layer-1s host forms of wrapped Bitcoin which are used regularly across multiple chains.

If throughput on Lightning and other layers widens further, the framework for mass transactional adoption will be in place, and Bitcoin’s role will move from balance-sheet hedge to usable money.

That transition is underway, but the focus remains on acquiring Bitcoin rather than integrating Bitcoin as a technological tool to revolutionize TradFi.

Still, if the corporate world relies on Bitcoin for its store of value, placing that value in Lightning Channels to earn yield or staking it to secure other blockchains becomes an enticing offer.

Global Lightning channel nodes (Source: mempool.space)
Global Lightning channel nodes (Source: mempool.space)

From there, using Bitcoin to secure critical infrastructure and building tech stacks around Bitcoin’s immutable global timestamping service is a logical next step.

At that point, Bitcoin becomes not only the best store of value but the catalyst to secure and integrate that value into the entire digital world.

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Leaked Nothing Phone 3 render confirms death of the Glyph https://earlybirdsinvest.com/leaked-nothing-phone-3-render-confirms-death-of-the-glyph/ https://earlybirdsinvest.com/leaked-nothing-phone-3-render-confirms-death-of-the-glyph/#respond Tue, 10 Jun 2025 09:27:02 +0000 https://earlybirdsinvest.com/leaked-nothing-phone-3-render-confirms-death-of-the-glyph/
Nothing Phone 3 leaked render

TL;DR

  • Nothing Phone 3’s back panel design has leaked in a new render.
  • The render confirms the removal of Nothing’s signature Glyph lighting system, though the back panel still retains a quirky design.
  • The Nothing Phone 3 is confirmed to launch on July 1, and is expected to bring a flagship-grade camera, a flagship chip, and a large battery for about $800.

Nothing is preparing to launch the Nothing Phone 3 on July 1, 2025, with a price tag revealed to come to about £800 in the UK, matching the Galaxy S25’s launch price in the region. In the US, leaks suggest the phone could cost just $800. We expect to get a flagship Snapdragon chipset, a flagship-grade triple camera system, and a large battery for that price. What we won’t get is the famed Glyph Interface, as a new leaked render showcases a barren Nothing Phone 3 without the company’s hallmark external lighting.

Leaker Max Jambor has shared a render of the upcoming Nothing Phone 3, and this is what the device could look like:

Nothing Phone 3 Design BackPanel 1

At first glance, the Nothing Phone 3 looks much like its predecessors. But stare at the render for a few seconds, and you’ll notice it looks pretty plain despite being busy, as it’s missing the Glyph Interface. Nothing has previously mentioned that it has killed the Glyph Interface, but we chalked that up to a marketing teaser and nothing more. With the leaked render, reality is setting in, and it does indeed look very dead.

Without the iconic Glyph Interface, the back panel comes off as merely quirky for the sake of it, not unlike the other edgy gaming phones out there that go overboard with back panel graphics. The seemingly “transparent” back panel doesn’t show the phone’s innards either, as most of the working parts look covered by gray sheets. It’s not even clear (heh) that the back panel will be clear and not just printed on.

Other notable bits from the leaked render include the camera layout (which looks like the surprised Pikachu meme sideways). The Nothing logo has the dot matrix design language, but the regulatory text doesn’t. We also see a red square in the middle, adding some contrasting accent, and there’s a white dial across it, which also stands out. We also see the Essential Key, the power button, and the volume rocker on the side of the device, though it’s difficult to tell which is which right away.

Clearly (heh again), this leaked render raises more questions than it gives us answers. While the leaker has a good track record, we have to keep in mind that this is still a leak, so take it with a pinch of salt. We hope Nothing has an ace up its sleeve that’s not visible (heh x3) in this leaked render.

Got a tip? Talk to us! Email our staff at news@androidauthority.com. You can stay anonymous or get credit for the info, it’s your choice.
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Analyst Benjamin Cowen Issues Urgent Bitcoin Alert, Says ‘Death Cross’ Now Looming Over BTC – Here’s His Outlook https://earlybirdsinvest.com/analyst-benjamin-cowen-issues-urgent-bitcoin-alert-says-death-cross-now-looming-over-btc-heres-his-outlook/ https://earlybirdsinvest.com/analyst-benjamin-cowen-issues-urgent-bitcoin-alert-says-death-cross-now-looming-over-btc-heres-his-outlook/#respond Sat, 29 Mar 2025 07:07:30 +0000 https://earlybirdsinvest.com/analyst-benjamin-cowen-issues-urgent-bitcoin-alert-says-death-cross-now-looming-over-btc-heres-his-outlook/

Cryptocurrency analyst Benjamin Cowen is highlighting a technical signal that could trigger a massive leg down for Bitcoin (BTC).

In a new strategy session, Cowen tells his 888,000 YouTube subscribers that Bitcoin could witness a death cross “in about one to two weeks” if the status quo remains.

A death cross is a bearish signal that occurs when an asset’s 50-day moving average crosses below its 200-day moving average.

According to Cowen, a sell-off could precede the death cross.

“There’s plenty of times where there’s a sell-off just before the death cross, just before it… If it happens again, it could be kind of a scary time.”

Source: Benjamin Cowen/YouTube

Based on the trader’s chart, he seems to suggest that a looming death cross foreshadows a Bitcoin correction, as witnessed in 2019 and 2021.

The widely followed analyst also unveils his outlook in the event that his bearish prediction takes place.

“Usually there’s a low around the time of that death cross and depending on how low the price is at that time would sort of give us some insight into the fate of the next rally – whether it’s a rally to a new high or just a counter-trend rally to a lower high.”

According to Cowen, a drop below $70,000 could mean that Bitcoin has broken the market structure and will not rise above the current all-time high of around $109,000.

“…[BTC could] resolve to a lower high if Bitcoin goes into the $60,000s, especially the low $60,000s… …if it’s like $63,000, it’s going to be hard to ignore.”

If Bitcoin carves a local bottom above $70,000, Cowen says,

“If it holds above $73,000, then there’s no guarantee with the market, but it would suggest that the structure of the market remains intact.”

Bitcoin is trading at $85,052 at time of writing.

 

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The death of public wallets: Why crypto needs privacy to compete with TradFi https://earlybirdsinvest.com/the-death-of-public-wallets-why-crypto-needs-privacy-to-compete-with-tradfi/ https://earlybirdsinvest.com/the-death-of-public-wallets-why-crypto-needs-privacy-to-compete-with-tradfi/#respond Sat, 22 Mar 2025 21:57:57 +0000 https://earlybirdsinvest.com/the-death-of-public-wallets-why-crypto-needs-privacy-to-compete-with-tradfi/

The following is a guest post from Georgi Koreli, CEO & Co-Founder of Hinkal.

For years, crypto wallets have been as clear as glass, showing every single transaction, balance, and interaction on an open ledger. While this was once seen as a foundational asset of blockchain tech, many now see it as a critical weakness. According to State Street Global Advisors, 62% of institutional investors prefer indirect or regulated exposure to crypto, citing apprehensions about exposing their every move on a public ledger. In an ecosystem that aspires to replace or rival TradFi, the inability to conduct business confidentially is a serious liability.

The recent Bybit hack, which cost the platform $1.5 billion, was allegedly caused by a wallet compromisereinforcing the danger of hyper-transparency. Hackers can hone in on high-value accounts, track their activity, and launch precisely targeted attacks. Experts such as Vitalik Buterin and EY’s Paul Brody have emphasized that genuine adoption hinges on the incorporation of privacy instead of sole reliance on open ledgers. Despite these warnings, the crypto world still largely adheres to a model that makes participants vulnerable – all the way from small investors to major entities.

Fatal Flaws of Public Wallets

A closer look at public wallets exposes multiple vulnerabilities. Surveillance is the first. Every token exchange, NFT mint, or simple balance transfer sits plainly on-chain, and given enough data, observers can piece together a wallet’s balance and patterns around spending, investment, and peer connections. While concerning for private users, this is an absolute deal-breaker for institutions needing to shield competitive information: no, thank you.

Additionally, security threats multiply when every wallet’s holdings are common knowledge. Hackers can spot large caches of capital and mount sophisticated phishing or social engineering tactics. The Bybit incident is a striking example of what can happen when malicious entities lock onto a prominent address. Once funds are laundered away through mixers or other means, recovery becomes nearly impossible. For institutions managing large treasuries or executing strategic trades, this visibility isn’t just a risk — it’s a structural flaw that exposes them to front-running and extortion.

Finally, regulatory and competitive hurdles arise from the idea that total openness automatically satisfies oversight. Traditional compliance relies on regulated gateways, risk assessments, and audited disclosures – not the broad, perpetual spotlight that public blockchains offer. Businesses need to keep information confidential when negotiating deals or sharing financial details with partners. If every transaction is immediately visible to competitors, it undermines any strategic edge. In short, public wallets aren’t just inconvenient; they chip away at the business case for crypto in real-world scenarios.

Private Blockchains: A Mirage of Safety?

Some enterprises have turned to private blockchains to solve these transparency problems. Private blockchains limit participation to a closed group, preventing the public from accessing transaction details. However, this goes against the core principles of decentralization. A small consortium can change rules, block transactions, or otherwise govern the system in ways that go against the trustless ethos of crypto.

On top of that, private blockchains often cripple liquidity and composability. One of DeFi’s defining features is how various platforms interoperate – often described as “money Legos.” Splintering off into an isolated private network breaks that ecosystem effect. Moreover, outside developers lose the incentive to build on top of a controlled environment they can’t freely access.

Despite their initial appeal, private chains have the potential to impede collaboration and hinder the innovation that has fueled the growth of public networks. The optimal solution must strike a balance between privacy and the open-source ethos that is characteristic of public blockchains.

Privacy Wallets with ZK

The true path to mainstream adoption lies in privacy wallets that use cryptographic techniques like zk-SNARKs and stealth addresses. Zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) allow one party to prove a statement (such as validating a transaction) without revealing the specifics of that statement. Instead of broadcasting every token movement, the blockchain only receives confirmation that the transaction follows the rules.

Meanwhile, stealth addresses help keep the sender and recipient’s identities hidden by creating ephemeral, single-use addresses for each transaction. This keeps the public blockchains’ liquidity and composability while protecting private information. Selective disclosure lets users give detailed transaction histories to relevant regulators or auditors without putting it all on a public record. This design resolves the tension between the demands of compliance and the rightful expectation of privacy.

With these features, institutions can trade large token volumes without broadcasting trades to front-runners. Companies can handle corporate expenses and payroll without making sensitive figures public. Individual users, likewise, enjoy the same discretion they’ve long experienced with traditional banking. All the while, the network remains decentralized, accessible, and vibrant.

Balancing Privacy, Compliance, and Security

Critics sometimes mistake privacy for anarchy, but that is a false equivalence. Conventional banks do not publish personal account data for all to see, but they still follow KYC, AML, and other regulatory frameworks. In a privacy wallet model, authorized agencies – with the proper legal grounds – could be granted decryption privileges, reducing the risk of unchecked crime. The result is a system where user privacy and regulatory compliance coexist. 

It’s also important to note that privacy features do not make robust cybersecurity redundant. The Bybit hack showed us the need for multisig wallets, hardware-based key storage, and general best practices for guarding digital assets. Privacy wallets merely reduce the incentive for hackers by concealing which addresses hold large balances, an extra layer of security that works in tandem with other safeguards.

Public Wallets Are Done – A Call for a Confidential Future

To conclude, public wallets are outmoded in a world where serious enterprises demand confidentiality and everyday users recoil at total transparency. It’s no coincidence that luminaries like Vitalik Buterin and Paul Brody have urged the industry to ramp up privacy measures – mass adoption will not occur while every transaction is exposed to the whims of data miners, hackers, and unscrupulous competitors.

The point is that the entire industry must adapt if we want crypto to eclipse TradFi. Transparency on everything is a relic of the past – it hampers corporate usage, puts personal security at risk, and stifles institutional investment.

Privacy wallets represent a middle ground that retains the core advantages of public blockchains – open access, network effects, seamless interoperability – while correcting their biggest flaw: the lack of confidentiality. Introducing stealth addresses, zk-SNARKs, and selective disclosure paves the way for universal utility. It reduces hack incentives, addresses institutional trepidation, and boosts user autonomy.

So, the conclusion is plain: public wallets no longer fit the trajectory of a rapidly maturing cryptocurrency ecosystem. Embracing privacy-focused wallets is the transition that will make digital assets genuinely viable in a broader financial space. If we want to compete with established financial systems, privacy is the missing piece, and we can’t afford to overlook it.

Mentioned in this article
XRP Turbo
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Bitcoin’s ‘KISS Of Death’? Arthur Hayes Warns Of Recession Before Surge https://earlybirdsinvest.com/bitcoins-kiss-of-death-arthur-hayes-warns-of-recession-before-surge/ https://earlybirdsinvest.com/bitcoins-kiss-of-death-arthur-hayes-warns-of-recession-before-surge/#respond Tue, 04 Mar 2025 17:07:40 +0000 https://earlybirdsinvest.com/bitcoins-kiss-of-death-arthur-hayes-warns-of-recession-before-surge/

Este artículo también está disponible en español.

In his latest blog post, titled “KISS of Death,” former BitMEX CEO Arthur Hayes outlines a provocative thesis on the trajectory of Bitcoin and broader financial markets under the renewed presidency of Donald Trump. Hayes—who has long held bullish views on crypto—argues that a convergence of fiscal and monetary policies could catapult Bitcoin’s price to as high as $1 million during the Trump 2.0 era, but only after a period of recession-driven turmoil.

Breaking Down Bitcoin’s “KISS Of Death”

Hayes’s framework revolves around the “KISS” principle—Keep It Simple, Stupid—urging market participants to stay focused on the core driver of asset prices: liquidity. Rather than overreacting to sensational headlines, he contends that one should watch for shifts in the quantity and price of money (i.e., how much credit is created and at what interest rate).

“One day, you buy and then quickly sell after digesting the next headline,” Hayes warns. “The market chops you in the process, and your stack quickly diminishes.” He recommends sticking to a simpler outlook: If the U.S. government prints significant amounts of money at lower rates, risk assets like Bitcoin can surge.

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A key premise of Hayes’s analysis is that President Trump, a “real estate showman” by background, will debt finance his “America First” agenda rather than embrace austerity. Hayes contrasts Trump with Andrew Mellon—Treasury Secretary under Herbert Hoover—who once allegedly declared: “Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate. It will purge the rottenness out of the system.”

Hayes argues that such a stance would be political suicide for a president seeking to be viewed as the 21st-century Franklin D. Roosevelt rather than Hoover. As Hayes puts it, “Trump wants to be considered the greatest President ever” and is therefore inclined to loosen credit conditions rather than tighten them.

Hayes highlights Trump’s unconventional maneuver to slash federal spending and potentially trigger a recession, thereby forcing the Federal Reserve to respond with rate cuts and fresh liquidity. The newly formed Department of Government Efficiency (DOGE), led by high-profile entrepreneur Elon Musk, is portrayed as an aggressive effort to expose fraud and reduce waste in government programs.

Hayes cites DOGE’s claims that Social Security payments may be going out to deceased individuals or unverified identities, supposedly costing hundreds of billions—or even a trillion—dollars a year. “Trump and DOGE are firing hundreds of thousands of government employees,” Hayes notes, referencing media reports citing elevated jobless claims in the Washington, D.C., area.

By cutting federal budgets so drastically and so quickly, Trump could—in Hayes’s words—“cause a recession or convince the market that one is right around the corner.”

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Once signs of recession appear, Hayes predicts Federal Reserve Chair Jerome Powell will have little choice but to cut rates, end quantitative tightening (QT), and potentially restart quantitative easing (QE) to avert a widespread financial crisis. Powell, whom Hayes dubs a “turncoat traitor” (a reference to the Fed’s past rate cut during Kamala Harris’s campaign), is nonetheless bound by the Fed’s mandate to maintain economic stability.

Hayes points to $2.08 trillion in US corporate debt and $10 trillion in US Treasury debt that must roll over in 2025. If the economy slows, rolling that debt over at high interest rates becomes unfeasible. In that scenario, the Fed’s only salvation is fresh money creation and lower rates.

Hayes calculates that a full Fed response—encompassing several policy shifts—could result in as much as $2.74 to $3.24 trillion in new liquidity: Dropping the Federal Funds Rate from 4.25% to 0% could be equivalent to roughly $1.7 trillion of money printing, according to Hayes’s estimates.

Currently, the Fed conducts $60 billion per month in QT. If QT ends by April 2025, Hayes sees a $540 billion liquidity injection relative to prior expectations. Additional Treasury purchases by the Fed or US commercial banks (the latter aided by a relaxation of the Supplemental Leverage Ratio) might add another $500 billion to $1 trillion in dollar credit.

He compares this to the $4 trillion in stimulus measures during the COVID-19 pandemic. Given that Bitcoin jumped roughly 24x from its 2020 lows to 2021 highs in response to that liquidity wave, Hayes says even a more conservative 10x multiple could be in play. “For those who ask how we get to $1 million in Bitcoin during the Trump presidency, this is how,” he proclaims, linking massive credit creation with a sharply higher BTC price.

Despite his bullish long-term forecast, Hayes believes Bitcoin’s immediate outlook may be rocky. Hayes sees potential for Bitcoin to revisit the $70,000 to $80,000 range in the short-term—levels that are markedly above the prior cycle’s all-time high but still below the current market. “If Bitcoin leads the market on the downside, it will also do so on the upside,” Hayes writes, positing that BTC often bottoms out before traditional equities.

He cites the significant run-up to $110,000 around mid-January (Trump’s inauguration timeline) followed by a pullback to $78,000 in late February. “Bitcoin is screaming that a liquidity crisis is nigh, even though the U.S. stock market indices are still near their all-time highs,” he notes. “I firmly believe we are still in a bull cycle, and as such, the bottom at worst will be the previous cycle’s all-time high of $70,000,” Hayes says, underscoring his conviction that any major dips are opportunities to accumulate rather than panic-sell.

In Hayes’s view, the “Kiss of Death” is not about Bitcoin’s demise but about the outdated fiat system struggling to contain spiraling debt loads and political brinkmanship. He argues that the short-term chaos in traditional markets—triggered by DOGE-driven spending cuts and a hesitant Fed—will ultimately pave the way for a new round of monetary expansion.

The bottom line? Hayes insists that staying focused on liquidity is the best strategy: “Let politicians do politician things, stay in your lane, and buy Bitcoin.”

At press time, BTC traded at $83,725.

bitcoin price
BTC is back below $84,000, 4-hour chart | Source: BTCUSDT on TradingView.com

Featured image from YouTube, chart from TradingView.com

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Will Argentine President Mairay’s code “Fiasco” be a death blow for the Memecoin epidemic? https://earlybirdsinvest.com/will-argentine-president-mairays-code-fiasco-be-a-death-blow-for-the-memecoin-epidemic/ https://earlybirdsinvest.com/will-argentine-president-mairays-code-fiasco-be-a-death-blow-for-the-memecoin-epidemic/#respond Wed, 19 Feb 2025 06:02:24 +0000 https://earlybirdsinvest.com/will-argentine-president-mairays-code-fiasco-be-a-death-blow-for-the-memecoin-epidemic/

The latest frenzy that began with President Donald Trump’s launch of Trump Memocoin may have finally crashed with Libra’s token Fasco, seeing millions of people making and losing within minutes It’s not possible.

Libra, a Solana-based project tweeted on February 14 by the president of Argentina Javier Milei, has reached a market capitalization of $4.5 billion, and then insiders pay cash and leave many bags within hours We considered it to have fallen by more than 80%. Holders with large losses.

The story became an international and political event over the weekend. Over the past few days, Mairay has deleted the original tweet, denied his support and denounced his mischievous political opposition. This ultimately led to his story of each, creating uncertainty in the Argentine stock market. He then put an explosive twist on the story.

On Tuesday, Coindesk said the key player behind the Libra token boasted about buying access to Argentine President Javier Mirei’s inner circle months before Memecoin’s scandalous launch and crash. I broke the news.

Kerfuffle for these kinds of mimecoin is not uncommon, but how this happened after the obvious “ragpur”, and what followed, the risk of unchecked crypto transactions and memocoin It highlighted the potential for a hit in reputation across the sector.

“The Libra episode represents a potential point of oversaturation in Memocoin space,” said Toronto-based Crypto Platform Frnt Financial. “At this point, the novelty of Trump and Melania and the new projects after Libra today is largely exhausted.”

“In addition, the outcome of reputation for these assets can be significant. This episode says it is likely to continue to unfold as new details emerge. At this point, MemeCoins has been “pumps and dumps.” It is synonymous with the scheme.” It was contested.

This incident, along with other memocoin-related events that have led many retailers to lose money, may tweak them to make more effort to police themselves in the community.

“The whole of $Libra Memecoin Fiasco over the weekend should serve as a reminder that all of us in the Defi community are responsible for making this space safer for our users.”

How the “bad failure” happened

From February 14th, the entire episode of Milei and Libra took place within a few days.

As explained by Alex Thorn of Galaxy Research, the token was released on its fateful day in Solana-based Dex Meteora, and in Milei’s first post (now deleted) X, the purpose of the token is Growth It says it is to help. Argentine Economy – Great support for Memocoin.

As token prices peaked at $4.4 billion within hours, inchain analysts said insiders quickly began to threw away their holdings and began to win nearly $100 million.

The next day, Milei deleted the original post and sent a shockwave within the Memecoin community. Meanwhile, Solana, a blockchain of tokens, saw native tokens, sols and falls.

In his new post, Mairay has no idea about the project and has denounced the political opposition of the mischievous, claiming that he has turned the situation into a political game. By then, the token had wiped out about $4.5 billion in retail capital in seven hours. According to CoinmarketCap data, the market capitalization is currently just over 500,000.

On the same day, several important opinion leaders (KOLs) came up, including Dave Portnoy, Threadgey, Hayden Davis and Faze Banks of Basour. Portnoy said he was an early investor and refunded his money, further spreading the controversy that insiders benefited from Libra Fiasco. Meanwhile, Davis revealed he was behind both Libra and Melania memo coins, saying that the Argentine token incident “is not a rug pull.”

The next day, Argentine’s opposition threatened Mairay with an ammo for each of the incident. On February 17th, Dex Meteora co-founder Ben Chow resigned from the controversy after it was released by Libra. Chou was also the co-founder of Jupiter, a Solana-based trading aggregator. On the same day, Argentine stock market collapsed almost 6% after a report from a Mairay survey.

Libra Fallout Timeline (Galaxy Research)

Read more: LIBRA Clear Lag Pull, the latest “Sordid Episeod” emerges from Solana’s Memecoin Complex: Galaxy

On February 18, Coindesk reported that Davis had texted her to claim that she could “control” her because she had paid her powerful Mailea government figure, Karina Mailea and the president’s sisters. I broke it.

“Set fold for ciphers”

It is still unknown what will happen to Milei and everyone involved. However, even if FTX’s epic blowout is anything, this story might still be unleashed.

What it emphasizes is that Memocoin drama, which became a game of profit and loss in seconds in this cycle, could be at a crossroads. As institutional investors are making big bets on Bitcoin and Ether with the launch of exchange sales funds, those assets are more friendly and stable, so the Memecoin sector is the ugly duck duck in the crypto space. I’m stuck like that. .

“Overall, this whole story is a real set-off for the crypto space,” Chung said. “If you want to attract new retailers, this is not a way to do that.”

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