mistake – Earlybirds Invest

mistake – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 13 Sep 2025 21:22:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 mistake – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Is the Fed’s upcoming rate cut a ‘huge mistake’? https://earlybirdsinvest.com/is-the-feds-upcoming-rate-cut-a-huge-mistake/ https://earlybirdsinvest.com/is-the-feds-upcoming-rate-cut-a-huge-mistake/#respond Sat, 13 Sep 2025 21:22:05 +0000 https://earlybirdsinvest.com/is-the-feds-upcoming-rate-cut-a-huge-mistake/

If you’re following the markets, you’ll know the Federal Reserve is poised to cut interest rates next week to stimulate a lagging economy. While most crypto traders are jumping for joy at the thought of fresh liquidity entering the system, not everybody’s happy. The upcoming rate cut, according to some, could have a catastrophic effect on the global economy.

A Rate Cut Is ‘Bad Monetary Policy’

Economist, investor, and everybody’s favorite goldbug Peter Schiff did not mince his words, calling a rate cut a “huge mistake” in a post shared on X.

As crypto traders gear up for a potentially bullish period, Schiff warns of serious consequences that will gravely impact the economy.

His commentary is blunt. He points to recent price moves in gold and silver as clear evidence that the rate cut is being telegraphed by the markets. Schiff wrote:

“Silver just traded above $42. Gold is poised to break to a new record high. I think the precious metals are getting ready to melt up. This is an unmistakable market signal that the Fed’s upcoming rate cut is a huge mistake.”

He argues that the decision will set off a string of cuts and a return to aggressive quantitative easing, potentially with “definitive yield curve control.” Schiff claims the U.S. dollar could lose its reserve currency status as confidence in the Fed’s judgment wavers.

Peter Schiff has long pushed the view that overly easy policy will stoke inflation and put the dollar at risk. He believes that today’s environment represents the Fed’s most damaging error yet.

“Ever since Alan Greenspan rescued the stock market after the 1987 crash, the Fed has made a series of increasingly bad monetary policy mistakes.”

Why Crypto Traders Are Jubilant About a Rate Cut

Risk-on asset traders welcome rate cuts with open arms. Lower interest rates flood markets with cheap capital and loosen financial conditions, which typically results in higher prices for volatile assets like crypto.

Bitcoin, Ethereum, and altcoins tend to rally as liquidity improves, triggering a wave of buying and bullish sentiment. The CME’s FedWatch tool shows market participants almost unanimously expect a cut (93.4%), with bets on both Bitcoin and altcoins accelerating into the meeting.

Lower rates mean money can move out of safe havens and into riskier bets, which is another reason Schiff is opposed to the cut. In plain language: Traders want easy money.

Recent cycles show crypto runs higher whenever the Fed loosens policy, and traders are already calling for a new bull market as expectations for rate cuts hit fever pitch.

Supporting a Weaker Labor Market

While Schiff sounds the alarm, many respected analysts, including teams at Goldman Sachs, BlackRock, and a 107-economist Reuters survey, see the rate cut as a necessary step to support the weakening labor market and prevent recession.

Goldman’s chief economist expects a series of small cuts, noting softer employment data and muted inflation as justification for easing. Others warn that cutting rates too fast could actually push inflation higher or weaken the dollar, backing some of Schiff’s concerns.

Jefferies strategist David Zervos suggested the Fed might need a deep 75 basis point cut, though he also cautioned that easy money could ultimately hurt by driving up prices and weakening currency fundamentals.

The upcoming Fed rate cut is a flashpoint. Schiff says it risks disaster, spiraling cuts, runaway inflation, and a weaker dollar.

Crypto traders, though, are celebrating the prospect of more easy money and the next phase in the bull run. The broader economist community remains split, weighing soft employment against inflation risk.

Whether the Fed is making a “huge mistake” or a well-timed rescue, the next move will have a lasting impact in both traditional and crypto markets

Mentioned in this article

]]> https://earlybirdsinvest.com/is-the-feds-upcoming-rate-cut-a-huge-mistake/feed/ 0

58296

Coinbase Hit by $300,000 Loss From Token Approval Mistake https://earlybirdsinvest.com/coinbase-hit-by-300000-loss-from-token-approval-mistake/ https://earlybirdsinvest.com/coinbase-hit-by-300000-loss-from-token-approval-mistake/#respond Sun, 17 Aug 2025 05:27:18 +0000 https://earlybirdsinvest.com/coinbase-hit-by-300000-loss-from-token-approval-mistake/

The crypto exchange Coinbase

$1.08B

has confirmed losing around $300,000 in tokens after a mistake involving one of its corporate wallets used for decentralized exchange transactions.

Chief security officer Philip Martin said the problem was caused by a configuration change and only affected the company’s own funds.

He added that the token approvals were removed and the rest of the assets were moved to a new wallet. No customer balances were impacted.

Is Your Crypto Safe? (5 Best Crypto Security Practices Explained)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

The issue was first spotted by Deebeez, a security researcher from Venn Network. He explained in an August 13 post on X that Coinbase’s wallet interacted with the 0x Project’s “swapper” contract. This contract is meant for carrying out token swaps, not for holding approvals that allow tokens to be taken later.

Because the swapper contract can be called by anyone, these approvals made the funds vulnerable to being taken right away. Deebeez pointed out that similar problems have happened before with Zora-related claims on the Base network.

In those cases, attackers were able to take assets simply because they had been approved for the wrong type of contract.

<br />

Deebeez also shared screenshots that showed Coinbase approved several tokens on August 13, including Amp
AMP

$0.0036

, DEXTools
DEXT

$0.5264

, MyOneProtocol, and Swell Network. Later, a maximal extractable value (MEV) bot used the swapper contract to move those tokens from Coinbase’s fee receiver wallet into its own accounts.

Recently, Odin.fun lost 58.2 BTC, worth around $7 million, in a liquidity exploit. How did that happen? Read the full story.

]]> https://earlybirdsinvest.com/coinbase-hit-by-300000-loss-from-token-approval-mistake/feed/ 0

53601

Florida's Volusia County Returns $700,000 in Crypto Over Warrant Mistake https://earlybirdsinvest.com/floridas-volusia-county-returns-700000-in-crypto-over-warrant-mistake/ https://earlybirdsinvest.com/floridas-volusia-county-returns-700000-in-crypto-over-warrant-mistake/#respond Wed, 30 Jul 2025 23:01:35 +0000 https://earlybirdsinvest.com/floridas-volusia-county-returns-700000-in-crypto-over-warrant-mistake/

Florida’s Volusia County Sheriff’s Office was required to return cryptocurrency and cover legal costs after a seizure that lacked proper legal steps.

The case, reported by Attorney Leslie Sammis of Sammis Law, involved an EU-registered brokerage that had its Kraken

$504.05M

account frozen on March 28.

Authorities from Wisconsin and Florida had traced a $20,000 fraud to the firm’s wallet. Although the company worked with both states during the investigation, its crypto, worth over $450,000 at the time, was locked without warning.

Can Russia Use Crypto to Bypass Sanctions? (Animated)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

On April 9, Volusia County obtained a sealed warrant ordering Kraken to transfer 1.19 BTC
BTC

$117,098.05

to a wallet controlled by the state and convert it into US dollars.

Wisconsin also issued a separate order for 0.93 BTC but could not process crypto on its own. Instead, it relied on Florida to sell the Bitcoin and forward a check for $95,030.59.

However, Sammis later found that the Florida warrant had major flaws. It had no case number, was never filed with a court, and did not include supporting documents. Using blockchain analysis tools, she also found no link between the client’s wallet and the fraud in question.

Sammis later convinced Volusia County officials to reverse their actions. The sheriff’s office returned the remaining cryptocurrency, got back the check sent to Wisconsin, and agreed to pay the brokerage’s legal fees.

The scam that triggered the investigation began when fraudsters posed as the “Board of Governors of the Federal Reserve System” and sent fake asset seizure notices.

Meanwhile, a German man accused of taking $2.9 million (€2.5 million) worth of cryptocurrency has avoided criminal charges. How? Read the full story.

]]> https://earlybirdsinvest.com/floridas-volusia-county-returns-700000-in-crypto-over-warrant-mistake/feed/ 0

50567

Bitcoin FOMO: Billionaire Admits Mistake For ‘Not Being Involved’ https://earlybirdsinvest.com/bitcoin-fomo-billionaire-admits-mistake-for-not-being-involved/ https://earlybirdsinvest.com/bitcoin-fomo-billionaire-admits-mistake-for-not-being-involved/#respond Fri, 27 Jun 2025 17:28:09 +0000 https://earlybirdsinvest.com/bitcoin-fomo-billionaire-admits-mistake-for-not-being-involved/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Philippe Laffont—the billionaire behind Coatue Management—went and dropped Bitcoin into his “Fantastic 40,” his own shortlist of what he thinks will shine as top investments over the next five years.

Laffont ranked Bitcoin alongside Amazon, Microsoft, Nvidia, and Meta, while leaving out Apple and Google.

He says waking up at 3 a.m. wondering why he missed out drove him to rethink his stance. Based on reports from CNBC, he hasn’t bought any yet but thinks its market cap could jump past $5 trillion by 2030. That would put it in the same league as the biggest tech names.

Billionaire Upbeat About Bitcoin

According to his own research, the Coatue Management big boss sees Microsoft climbing to a $5.7 trillion valuation and Nvidia reaching $5.6 trillion in the next five years.

He paints Bitcoin as a rival asset, forecasting it will more than double from roughly $2.1 trillion today. He says the world’s net worth of $450–500 trillion gives room for new winners.

Equities sit near $120 trillion and gold above and under ground at about $20 trillion. His case rests on bigger acceptance and smoother swings in price.

Bold Market Cap Forecasts

Based on his figures, Bitcoin must average around 10–15% annual growth to hit $5 trillion by 2030. He sees volatility shrinking from daily moves of 5–7% to roughly half of that. That, he says, makes the crypto feel more like the Nasdaq.

The tycoon points to de-dollarization as another tailwind. If global players shift away from the US dollar, Bitcoin could pick up more steam.

When Bitcoin spikes overnight and you’re left staring at your screen, that’s pure FOMO in action. Image: WorkLife

Shaky Views From Others

Not everyone is convinced. Eric Semler of Semler Scientific notes lots of hedge funds still doubt Bitcoin’s staying power. They worry momentum will vanish once the US President Donald Trump factor fades.

Meanwhile, Bybit’s Shunyet Jan forecasts Bitcoin at $125,000 by the end of Q2 if current trends hold. Crypto analyst Scott Melker goes even further, predicting a surge to $250,000 by end-2025 thanks to more big investors jumping in.

Bitcoin is now trading at $106.953. Chart: TradingView

Semler’s Own Bet

Semler Scientific already holds 4,450 BTC. The firm plans to build that to 10,000 by year-end. Its chairman says many peers aren’t ready to follow suit. They see Bitcoin as too tied to politics. That caution keeps some big wallets on the sidelines.

What Could Go Wrong

Regulatory moves remain the biggest wild card. Harsh rules could stall growth and scare off new buyers. Competition is rising too. Ether staking, Layer 2 networks and central bank digital currencies might chip away at Bitcoin’s crown. And a strong rebound in the US dollar or a broad stock sell-off could pull crypto down with it.

Featured image from MrWallpaper, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

]]> https://earlybirdsinvest.com/bitcoin-fomo-billionaire-admits-mistake-for-not-being-involved/feed/ 0

44456

Eric Trump: 'The Banks Made The Biggest Mistake of Their Lives' https://earlybirdsinvest.com/eric-trump-the-banks-made-the-biggest-mistake-of-their-lives/ https://earlybirdsinvest.com/eric-trump-the-banks-made-the-biggest-mistake-of-their-lives/#respond Fri, 16 May 2025 21:01:27 +0000 https://earlybirdsinvest.com/eric-trump-the-banks-made-the-biggest-mistake-of-their-lives/

“There’s a famous saying that sometimes the enemy of your enemy is actually your best friend,” Eric Trump told the crowd at Consensus in Toronto, Canada. “That was the Trumps with the crypto community. And I think the banks made the biggest mistake of their lives.”

The son of U.S. President Donald Trump and co-founder of bitcoin BTC$103,626.58 mining company American Bitcoin is also an adviser to World Liberty Financial (WLF), which recently launched a U.S. dollar-backed stablecoin, USD1, that has already reached $2 billion in market capitalization.

Co-founders of WLF joined Trump on stage on Friday as they announced that USD1 was now operable across multiple blockchains through Chainlink’s Cross-Chain Interoperability Protocol (CCIP).

Trump painted a vivid picture of personal grievance turned into ideological conviction, claiming he was “canceled” by major financial institutions for his political views which then got him interested in crypto as a shield against financial gatekeeping.

“So many of the banks have been weaponized and I was case in point,” said the son of the U.S. president. “I was probably the most canceled person for doing absolutely nothing wrong, only because we had a political view, and a political view that might not have been popular with some of the big financial institutions and guys, they came after me like I was a dog.”

USD1, he said, is a patriotic financial tool for people in unstable or corrupt regimes.

“It gives so much freedom of financial choice, especially to markets and countries where people have never had any kind of financial freedom, had never had any kind of financial independence, might be in a country where it’s war torn, where it’s subject to corruption, it’s subject to ridiculous inflation,” he said. “Every single day they go to work and their money is being burned under their mattress, and all of a sudden, we give the world the ability to be on the US dollar backed one to one by US Treasuries.”

Earlier today, lawyers representing WLF pushed back against scrutiny from U.S. Senator Richard Blumenthal, the leading Democrat on a panel responsible for investigating corruption and mismanagement, who had asked about the ownership and investment structure for Trump-affiliated entities, including WLFI, in a letter last week.

]]> https://earlybirdsinvest.com/eric-trump-the-banks-made-the-biggest-mistake-of-their-lives/feed/ 0

36619

MiCA’s mistake: EU policy encourages US dollar dominance https://earlybirdsinvest.com/micas-mistake-eu-policy-encourages-us-dollar-dominance/ https://earlybirdsinvest.com/micas-mistake-eu-policy-encourages-us-dollar-dominance/#respond Sat, 05 Apr 2025 13:06:09 +0000 https://earlybirdsinvest.com/micas-mistake-eu-policy-encourages-us-dollar-dominance/

The following is a guest post and opinion of Eneko Knörr, CEO and Co-Founder of Stabolut.

The European Union’s Markets in Crypto Assets (MiCA) regulation was intended to establish clarity and safety within the crypto landscape. Yet, paradoxically, its overly restrictive stance on euro-denominated stablecoins could inadvertently secure the U.S. dollar’s continued dominance in global finance.

Stablecoins have become indispensable in the global digital economy, enabling fast, transparent, and borderless transactions. Currently, more than 99% of the stablecoin market is pegged to the U.S. dollar. Rather than challenging this monopoly, Europe’s MiCA regulation makes it increasingly difficult for euro-backed stablecoins to gain significant traction.

While openly declaring “we don’t want stablecoins, as we want to push our CBDC” would have faced severe criticism, MiCA cleverly achieves nearly the same result by imposing such strict regulatory constraints that euro-stablecoins become practically unfeasible.

The effect is subtle yet clear—MiCA effectively suppresses private euro-stablecoin innovation in favor of a central bank digital currency. This regulatory environment has inadvertently provided a major advantage to USD-stablecoins, reinforcing the U.S. dollar’s position as the world’s primary transactional currency. Despite narratives around declining dollar dominance, stablecoins are fueling a renaissance for USD, embedding it deeper into the global financial fabric.

Interestingly, this is happening at a time when BRICS countries and even the EU itself are actively seeking to challenge the dominance of the U.S. dollar in global markets. Ironically, however, as global trade moves increasingly toward blockchain-based transactions, the importance of stablecoins is increasing dramatically.

Strong USD-backed stablecoins will play a pivotal role in ensuring that the dollar maintains—or even expands—its global market share.

In contrast, Europe’s ambition to elevate the euro through a CBDC misses the mark entirely. The EU’s belief that a euro CBDC will succeed and significantly enhance the euro’s global influence is not only misguided but naive.

A CBDC might seem innovative on paper, but history suggests government-led initiatives struggle to match the creativity, efficiency, and adaptability of private-sector innovation. Furthermore, CBDCs inherently raise concerns around privacy, governmental overreach, and consumer autonomy.

It’s genuinely saddening to realize Europe is missing this critical point.

The U.S. appears to understand this dynamic clearly. By resisting the temptation to launch a federal CBDC and instead fostering private stablecoins, American regulators are ensuring that innovation remains swift, market-driven, and globally competitive.

Europe’s misstep with MiCA isn’t merely a missed economic opportunity; it’s a strategic error that could have profound geopolitical implications. By stifling euro-stablecoins, Europe inadvertently reinforces USD dominance at precisely the moment when a viable, globally accepted euro-stablecoin could offer meaningful competition and diversity.

While policymakers may believe they’re safeguarding the financial system, in reality, they’re building a regulatory moat around irrelevance. As crypto adoption accelerates globally, capital, talent, and innovation are flowing to jurisdictions that embrace experimentation. Europe’s cautious overreach risks turning it into a spectator in the next era of financial infrastructure—watching from the sidelines as others write the rules.

If Europe is serious about the euro’s global standing, it must reconsider its approach. The future of money will likely be shaped by those who empower innovation rather than those who restrict it. Unfortunately for Europe, MiCA might just turn out to be the best thing to ever happen to the U.S. dollar.

]]> https://earlybirdsinvest.com/micas-mistake-eu-policy-encourages-us-dollar-dominance/feed/ 0

29141

Signal defends itself after U.S. military officials leak classified plans by mistake on group chat https://earlybirdsinvest.com/signal-defends-itself-after-u-s-military-officials-leak-classified-plans-by-mistake-on-group-chat/ https://earlybirdsinvest.com/signal-defends-itself-after-u-s-military-officials-leak-classified-plans-by-mistake-on-group-chat/#respond Wed, 26 Mar 2025 05:05:14 +0000 https://earlybirdsinvest.com/signal-defends-itself-after-u-s-military-officials-leak-classified-plans-by-mistake-on-group-chat/

Facepalm: Signal likes to present itself as the most private and secure messaging service around, but the nonprofit likely didn’t design the app for sharing classified plans regarding imminent military action. Yet earlier this month, senior U.S. government and military officials did just that. Signal’s president later defended the service amid renewed comparisons to WhatsApp.

Signal president Meredith Whittaker reiterated the messaging service’s commitment to secure encryption and privacy after top government officials reportedly discussed a classified military operation using the platform. The conversation, which included highly sensitive information, was leaked when the U.S. national security advisor accidentally invited The Atlantic’s editor-in-chief into the chat.

Jeff Goldberg, editor of The Atlantic, said he didn’t believe he’d been invited to an online meeting about upcoming attacks on the Houthis in Yemen – until the strikes occurred just hours after being mentioned in the chatroom.

I wouldn’t say that Will and I are battling but I do disagree. Because there are big differences between Signal and WhatsApp.

Signal is the gold standard in private comms. We’re open source, nonprofit, and we develop and apply e2ee and privacy preserving tech across our system… https://t.co/ZU60z2vVHy

– Meredith Whittaker (@mer__edith) March 25, 2025

During the exchange, Pentagon chief Pete Hegseth, Vice President J.D. Vance, and other senior officials reportedly discussed specific targets, weaponry, and other sensitive details. Goldberg declined to publish those specifics, citing concerns about endangering military and intelligence personnel. A national security spokesperson later confirmed the authenticity of the message chain.

Beyond the sensitive information shared, the messages also revealed candid insights into the officials’ private opinions and communication styles. Vice President Vance reportedly expressed disagreement with President Trump over the strikes, arguing that they benefited Europe more than the U.S

After the operation, several officials celebrated with emojis, including a fist, a flexed bicep, an American flag, and a flame.

While U.S. officials often use Signal for routine communication, the app is not authorized for transmitting classified information. Such discussions are typically conducted on secure devices within protected facilities. Legal experts suggested that sharing classified details over Signal – particularly with the service configured to erase messages – may have violated the Espionage Act.

President Trump later defended the use of Signal, saying it was the best tool available at the time, as accessing secure facilities can be cumbersome.

In response to comparisons with WhatsApp, Whittaker emphasized Signal’s end-to-end encryption and privacy-first approach. The company also minimizes the amount of data it can disclose under subpoena.

By contrast, she pointed out that while WhatsApp uses Signal’s encryption technology under license, it does not protect metadata, contact lists, user IDs, or profile photos. Despite Signal’s encryption safeguards, devices using the app remain vulnerable to hacking and theft. The incident with Goldberg also highlights the persistent danger of human error.

]]> https://earlybirdsinvest.com/signal-defends-itself-after-u-s-military-officials-leak-classified-plans-by-mistake-on-group-chat/feed/ 0

27259