Hacked Iranian crypto exchange Nobitex is slated to resume withdrawal services, starting with verified users. Hacked Iranian crypto exchange Nobitex has begun the process of restoring services after it was attacked by pro-Israel hacker group Gonjeshke Darande earlier this month. The exchange stated that only users who have completed identity verification will have access to the wallet, with spot exchange users being given priority. Nobitex said users should avoid depositing their crypto into the exchange’s old wallets, as it could lead to users losing their funds. Read more
Jordi Visser argued that growing dissatisfaction among those 25 and younger with the current financial system will increase BTC adoption. Younger generations disillusioned by the current financial system and calling for a socialist system financed through increased public spending will force the price of Bitcoin (BTC) higher in the long term, according to market analyst Jordi Visser. In a Sunday episode of entrepreneur Anthony Pompliano's podcast, Visser said younger generations, those 25 and lower, are fighting against the rising tide of AI-driven job displacement and economic uncertainty, leading to growing calls to replace the capitalist system with a regime of increased social benefits fueled by public spending. “The younger people don't have a belief that the system will come back. They believe the system has been worsening every single year," Visser said. Read more
Bitcoin price made a weekend rush on the $109,000 resistance and HYPE, BCH, LINK and SEI could be the first altcoins to rally if BTC bulls secure new highs. Key points: Bitcoin aims for its highest weekly close above $109,000, but higher levels are likely to attract sellers. HYPE, BCH, LINK, and SEI could extend their rallies if Bitcoin price stays above $105,000. Read more