Top Three Altcoins to Watch

GM folks! Welcome back to blurtl, the number one crypto newsletter that your smart friends read to seem even smarter.

IN TODAY’S EDITION

• Bitcoin weakness “appears to be at its end phase”

• How a hacker stole $37 million worth of crypto during a job interview

• What coins we’re looking at this week

JPMorgan: Bitcoin Weakness is “at its end phase”

While Bitcoin's been moonwalking through a 17% dip in just under two months, Panigirtzoglou from JPMorgan isn't buying into the doom and gloom. He's boldly stating that the worst is like that one friend who's always fashionably late – it's finally behind us. So, what's behind this crypto pep talk?

Apparently, a slew of long positions was liquidated like virtual lemonade on a hot day. But wait, there's a silver lining to this cloud! The unwinding of these positions seems to be wrapping up, like the grand finale of a crypto fireworks show. And guess what? This means limited downsides for crypto over the horizon.

But why, oh why, are investors clutching their popcorn from the sidelines? Panigirtzoglou drops the truth bomb – it's a waiting game for regulatory clarity. With the SEC appealing Ripple's recent victory, the suspense is as nail-biting as a crypto-themed suspense novel.

Even Fed Chair Powell's chiming in at the Jackson Hole symposium, saying rates might just go higher, leaving the crypto realm feeling like they missed the last train to "Cut Rates Town." So, crypto comrades, buckle up and keep your VR goggles on, because this rollercoaster ain't slowing down anytime soon.

$37 Million Crypto Heist During a Job Interview!?

In a plot twist that even Hollywood wouldn't dare dream up, Estonia's CoinsPaid found itself caught in a crypto caper straight out of a cyber thriller.

Picture this: a programmer lured into an online interview, innocently downloading a test file, only to unwittingly trigger the vanishing act of a staggering $37.3 million in crypto riches. Talk about a digital disappearing act!

Bloomberg News spills the beans, revealing how CoinsPaid's security alarm bells went berserk as the heist unfolded. The culprits? Suspicions point fingers at none other than Lazarus, a hacking troupe with a knack for Hollywood-scale cyber shenanigans. We're talking about the same crew that brought you the WannaCry ransomware dance party and the Sony Pictures hackathon. These folks aren't just ordinary hackers; they're the maestros of mayhem.

But fear not, for CoinsPaid's heroic CEO, Max Krupyshev, ain't no damsel in distress. In a heroic blog post, he proclaims that his valiant team rallied like crypto crusaders, shoring up the fortress and giving Lazarus a teensy-weensy reward. They even roped in blockchain super sleuths from Crystal, Chainalysis, and Match Systems to crack the case.

In the end, the story takes a surprisingly hopeful turn. Customer funds stood their ground, and the crypto coffers remained untouched. Yet, the moral of the tale echoes through Estonia's crypto hills: watch out, cyber crooks, for the crypto world is an unpredictable stage, and even Lazarus can't escape the spotlight forever.

The Big Three Altcoins to Watch

Hold onto your digital wallets, fellow crypto adventurers, because the markets have been flipping and flopping like a high-speed ping-pong match! 🎢 But fear not, we've charted a course through the chaos to uncover three sparkling gems primed for action.

XRP: Surfing the Waves

XRP's been riding a tidal wave of ups and downs, leaving us dizzy with its 50% plunge after doubling in value. But here's the twist: if it dips to around $0.30, it might be time to ride that wave. The lawsuit squabbles seem to be settling, and as the next bull cycle rolls in, XRP could shine brighter than a sea of stars.

Chainlink: The Silent Bridge

Step aside, attention-grabbers, because Chainlink's been ninja-ing its way through the noise. It's the bridge between blockchain and reality, slyly pulling real-world data into the crypto fold. While other coins hog the spotlight, Chainlink's partnerships and ninja oracle skills are positioning it for a dazzling encore in the next market act.

Dogecoin: Twitter Twist

Elon Musk's not just sending rockets to space – he's shaking up the Twitterverse! With an "Everything App" in the works, Dogecoin's got an invite to the party. Imagine microblogging turned into a virtual carnival, and Dogecoin's at the center of it all. While Bitcoin and Ethereum hold the fort, Dogecoin's the surprise guest that might just steal the show.

So, comrades of the crypto cosmos, as we navigate these choppy waters, remember that even amidst the turmoil, hidden treasures await. Stay brave, stay curious, and keep your eye on the horizon.

MOTD (Meme of the Day)

– blurtl