Bitcoin at $124K...

What we’ll cover today:

💰 Bitcoin’s $124K breakout & ETF money rush

🕵️ North Korean devs faking jobs to hack crypto firms

🛑 ETH Foundation distances itself from $12.8M sell-off

Bitcoin Hits $124K 🚀

Bitcoin (BTC) smashed past $124,000 after fresh US inflation data boosted hopes of a Fed rate cut in September.

🚨Breaking News: BTC touched a record $124,128 before cooling to $123,197. Spot BTC ETFs saw $1B inflows in just five days.


⚡Wire Simplified –

• BTC is up 8.5% in 7 days, +62% from its yearly low.

• July CPI stayed at 2.7%, sparking 95% odds of a September rate cut.

• Spot Bitcoin ETFs attracted $1B+ inflows in five sessions.

• Short sellers got squeezed hard between $124K and $126K.

• Chart shows BTC in an uptrend channel; support at $120.5K could push to $127K.

✔️ Straight to the Point: Bitcoin’s rally is fueled by rate cut hopes and ETF money. If support holds, $127K might be the next stop.

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North Korean Devs in Disguise 🕵️‍♂️💻

North Korean IT workers used fake IDs and remote jobs to sneak into crypto companies, says on-chain sleuth ZachXBT.

🚨Breaking News: A hacked laptop revealed they had 31 fake identities, claimed to work at Polygon, OpenSea, and Chainlink, and used Google tools.


⚡Wire Simplified –

• Six-member team ran scams, including $680K Favrr hack.

• Used LinkedIn and Upwork accounts bought with stolen IDs.

• Google Drive, Sheets, and Translate were key to coordination.

• Remote access tools like AnyDesk hid their true location.

• Also plotted token launches and targeted AI companies in Europe.

✔️ Straight to the Point: These fake “crypto devs” were actually North Korean hackers. Their office? Google Drive. Their mission? Steal your coins.

ETH Foundation Says ‘Not Us’ 🛑

The Ethereum Foundation denied dumping $12.8M worth of ETH from an old ICO wallet, calming fears of a sell-off.

🚨Breaking News: Director Hsiao-Wei Wang said the wallet is no longer under Foundation control, despite past links to ICO-era holdings.


⚡Wire Simplified –

• Wallet sold 2,975 ETH, sparking community speculation.

• Foundation now holds less than 0.3% of ETH supply (was 9% in 2014).

• Old wallets still active but not linked to Foundation funds.

• Corporate ETH treasuries now exceed $14B.

• Vitalik warns overleveraged companies could cause market chaos.

✔️ Straight to the Point: The Foundation says “not our sale” but rising corporate ETH holdings could be both a blessing and a ticking time bomb.