Feb 26, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as traders see possibilities of a short-term correction in bitcoin's (BTC) price.

Video transcript

Could Bitcoin see a correction and another X hack. Welcome to Coin Desk Daily. I'm your host, Jen Sani. Another X account was compromised and this time microstrategy fell victim. Microstrategy's X account was hacked with a phishing message posted for its followers. The X account sent out a post announcing the launch of an MST R token and link for claiming the fake token. The phishing attempt has led to almost half a million dollars worth of crypto being stolen. That's according to Blockchain sleuth, Zack X BT. The post has since been deleted. Micro strategy was not immediately available for comment. And in more crypto crime news, the blast ecosystem sees its first apparent scam as a rug poll claims 1.3 million ether risk on blast. A gambling and exchange platform disappeared with over 420 ether raced from retail traders. The anonymous team sent nearly $500,000 to change now and other large sums to me. See and buy bit after raising $1 million from investors. A rag pole is a type of exit scam that involves a team raising money from investors and the public by selling a token only to quietly shut down afterwards. Blast has previously posted about the project on its official X handle which could have been taken by investors as a sign of legitimacy. Bitcoin prices were a little change this morning in line with low weekend volatility while Ether and some ecosystem tokens were driving gains instead on the back of an E ETF narrative. Bitcoin hovered around the $51,000 mark earlier this morning while Ether regained the $3100 level. FX Pro senior market analyst told Coindesk in an email that without a bounce from here, we could see a deeper correction begin potentially as low as 47 to $49,000 since this story was published. Bitcoin has blasted past the $53,000 mark. That's a wrap for coin desk daily, get more updates on coindesk.com and we'll see you next time.

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