Crypto

Five Australians were among 37 individuals arrested in a global phishing scam that targeted tens of thousands of people, including 94,000 Australians. The scam involved 10,000 cybercriminals who used the platform LabHost to trick victims into providing their personal information, such as online banking logins, credit card details, and passwords.

Jim Cramer, host of "Mad Money," discouraged viewers from investing in Marathon Digital Holdings Inc. and instead recommended considering Bitcoin or Ethereum due to the volatility in the cryptocurrency market. Wall Street experts remain confident in the continuation of the bull market, with Cramer advising caution in buying and selling decisions amidst current market conditions.

IncomeSharks, a crypto analyst, has forecasted a dip in the Bitcoin price below $60,000, which could trigger panic selling before a potential 'hate halving rally.' The prediction comes just before the upcoming Bitcoin halving event, a process that historically has led to a surge in the cryptocurrency's price, causing intense speculation in the market.

Cryptocurrency analyst Ali Martinez issued a warning on social media about the possibility of over $15 billion in liquidations on Binance if Bitcoin's price falls to $50,500. Recent data shows that a total of $89 million in liquidations occurred in the past 24 hours, with expectations of further volatility in the market.

Hong Kong has conditionally approved its first spot bitcoin and ether exchange-traded funds (ETFs), paving the way for the city to become Asia's first to embrace cryptocurrencies as a mainstream investment tool. This move is expected to provide investors with new asset allocation opportunities and reinforce Hong Kong's status as an international financial center.