Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[bitserve]

Dear customer.

This email is to let you know your wallet assets are undergoing a upgrade.

In an effort to upgrade our infrastructure we are temporarily disabling the following networks:

BTC, ETH, XRP, ERC20, BEP20, TRON, TRC20
We are requiring action from our users to re-enable the networks.

Important: Failure to upgrade your networks could result to full funds loss.

suite.trezor.io/upgrade

And then:

https://twitter.com/Trezor/status/1750223673506558146

🚨 Security Alert 🚨

We've detected an unauthorized email impersonating Trezor sent from a third-party email provider we use.

If you received a suspicious email with the subject line 'Assets undergoing upgrade' from the ID: noreply@trezor.io, please do not click any links or provide any info within.

We request you to delete that email immediately.

Your trust is our priority:
✅Rest assured, your wallets & funds remain secure.
✅Remember, NEVER disclose your recovery seed.
✅Stay vigilant for phishing attempts.

Apologies for any worry caused. We're actively handling the situation & will provide updates

Below is a screenshot of the email.

Digging a big deeper, this is are my preliminary conclusions:

1) An attacker gained control of a third-party email provider they use... presumably gaining full access to the database of (at least) email addresses of Trezor users.

2) They did gain enough access as to be able to send the "phishing" (but otherwise coming from the real source) emails directly from the email provider.

3) They did gain enough access as to be able to add a malicious link in a website under the LEGIT subdomain of mailing.trezor.io.

4) They quickly (1-2 hours after the email I received) posted the above twitter advice (this is reasonably quick)

5) They failed to use the same via (EMAIL) to quickly alert users of the incident... Probably because by that time they had already removed the offending destination link anyways (not good not terrible).

6) In the same way that Ledger did (in an even bigger fuckup), they fail to acknowledge how serious it is for this kind of companies to keep falling in the same errors again and again (mostly by trusting third parties with users data).

Really.... Will they never learn anything? Will they keep behaving as if security and privacy of their customers isn't of utmost importance in this field? As if nothing happened here?

Bleh. Nothing to see here for most of the people... I guess... but I am a bit annoyed and worried thinking about what their (not Trezor specifically... any of them) next fuckup could be.
 
nuff rant.

[DaRude]

Grayscale deposited 14,487 $BTC($579M) to #CoinbasePrime and 4,750 $BTC($189.8M) to new wallets again 10 mins ago. #Grayscale has deposited 93,700 $BTC($3.85B) to #CoinbasePrime since the #ETF was passed. And currently holds 519,399 $BTC($20.84B).
https://twitter.com/lookonchain/status/1750167124150993345
https://platform.arkhamintelligence.com/explorer/entity/grayscale

-----------

The question no one is raising is whether the transfer of Bitcoins from Grayscale to Coinbase Prime constitutes a mandatory sale, and what type is it? To the best of my knowledge, coinbase prime is not an exchange in its own right, but rather a licensed custodian and seller of bitcoins. They use several exchanges when selling and buying, I guess Coinbase, Kraken, etc. We see 15K bitcoins going into coinbase prime every day. But are they all for sales? It strikes me that since the drop below 40K the trading volume on Coinbase is quite low - about 25K bitcoins in 24 hours, something that was before the ETF. This means that no major selling has actually occurred from Coinbase Prime. Whether the ETF allows to request a limit sale - at a certain price, I do not know, I have never worked with an ETF. Or, there is a possibility that they are not currently for sale, but that Grayscale expects such sales in the coming days and is preparing. There is also a considerable part transferred to new addresses. What's going on with Grayscale is suspicious, to say the least. Apparently they are trying to lie to the SEC that Genesis is not bankrupt by inducing sales to cover their liabilities. Whether they will succeed is rather doubtful. Practically every company which went bankrupt - FTX, Alameda, etc., was involved with Grayscale, to say the least. Some even claim that they went bankrupt thanks to Grayscale and Genesis in particular. Everything is described in detail in this long thread: https://twitter.com/real_vijay/status/1721385528510251182 . At any moment, the SEC could end its investigation and charge them with fraud and manipulation and shut down their company and their ETF. Maybe that's why Barry is keeping quiet and letting the bitcoins drain from his trust.

Coinbase is the custodian for 8 out of the 10 ETFs, so little surprise that they don't move money between their own accounts on the blockchain. For the other stuff to be true Coinbase needs to directly collaborate with DCG on an obvious scam that a 5yr old can prove, so extremely unlikely.

Another well known twitter acount on this topic:

Wrote about the FTX bankruptcy estate position and sales yesterday. Mainly how they were likely impacting more than just $GBTC. Also. Everyone was fixated on FTX in the last week as *THE* seller of $GBTC shares. The largest "known" holder of GBTC is actually DCG itself. I'd honestly be surprised if DCG hasn't been part of this GBTC selling. Probably other institutions in very similar situations

https://twitter.com/JSeyff/status/1750262532500062242

That would be pretty funny, and i don't even doubt that even DCG would cash out of its own ETF (or ETF that its sub operates) I'm sure that they're ready to close that ETF and concentrate on repeating this with shitcoin trusts with wider profit margins than 20 basis points.

[fillippone]

https://twitter.com/WhaleWire/status/1731573099642978458

Bitcoin negative in 2024:

• ETF
• Halving
• FED Rates CUT
• US Presidential Election
• US Fiscal Complacency

That could be a true disappointment, frankly. Yes, stacking more sats, but disappointing.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
..
All edit to ChartBuddy

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Troytech]

Grey scale massive selling could really cause a dip pre-halving event, i don't seem to understand why there are selling this much and what their plans are with doing this,

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Never under 40 again
Pleazzzz

[MERlT]

Grey scale massive selling could really cause a dip pre-halving event, i don't seem to understand why there are selling this much and what their plans are with doing this,

It's funny how everybody here pretends that all these so called "Bitcoin/Crypto" companies and exchanges are not part of the same filth that are the incumbent Legacy Institutions.

All these people from Wall St or Central Banks, Traders, are cunt's from a tribe of cunts. Winklevoss this, Barry that, Elon this, Shillbert that, they all wear different hats but answer to one.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

Grey scale massive selling could really cause a dip pre-halving event, i don't seem to understand why there are selling this much and what their plans are with doing this,

It's funny how everybody here pretends that all these so called "Bitcoin/Crypto" companies and exchanges are not part of the same filth that are the incumbent Legacy Institutions.

All these people from Wall St or Central Banks, Traders, are cunt's from a tribe of cunts. Winklevoss this, Barry that, Elon this, Shillbert that, they all wear different hats but answer to one.

Time to introduce Negatives for the Merit system, imo.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hisslyness]

Never under 40 again
Pleazzzz

How was Dubai? Did you venture out into the urban areas or just stayed in the main city? Incredible wealth floating around there!

BTW buddy doesn’t listen to us!

[bitcoinPsycho]

Grey scale massive selling could really cause a dip pre-halving event, i don't seem to understand why there are selling this much and what their plans are with doing this,

It's a gift for anyone with spare fiat including myself 

[LFC_Bitcoin]

Imagine being somebody that sells BTC at $40,000 less than 100 days before the halving. Some people just can’t be helped and simply do not deserve the success that BTC brings patience.

I even include GBTC sellers in my disgust. Who cares about a 1.5% fee when you would then have to pay capital gains taxes.

Can’t wait for all the weak hands to hurry up and sell so we can resume NGU technology for the next 18-24 months.

HODL.

[xhomerx10]

Grey scale massive selling could really cause a dip pre-halving event, i don't seem to understand why there are selling this much and what their plans are with doing this,

It's funny how everybody here pretends that all these so called "Bitcoin/Crypto" companies and exchanges are not part of the same filth that are the incumbent Legacy Institutions.

All these people from Wall St or Central Banks, Traders, are cunt's from a tribe of cunts. Winklevoss this, Barry that, Elon this, Shillbert that, they all wear different hats but answer to one.

 Why does this sound familiar?

[Troytech]

Imagine being somebody that sells BTC at $40,000 less than 100 days before the halving. Some people just can’t be helped and simply do not deserve the success that BTC brings patience.

I even include GBTC sellers in my disgust. Who cares about a 1.5% fee when you would then have to pay capital gains taxes.

Can’t wait for all the weak hands to hurry up and sell so we can resume NGU technology for the next 18-24 months.

HODL.

In your digist list, there are in my hate list. I just can't wait for a big dip, my emergency funds are inching for a dip buy, let them keep selling, you would soon hear all those regrets on social media soon.

Grey scale massive selling could really cause a dip pre-halving event, i don't seem to understand why there are selling this much and what their plans are with doing this,

It's a gift for anyone with spare fiat including myself 

I swear, every one who is prepared has nothing to fear, my reserve are full, we wait for the dip.
#BUY THE DIP AND HODL 😁😁