Из жизни альткоинов

Newly-appointed Binance Co-CEO Yi He has seen her WeChat account hacked, with the attacker using it to promote a litte-known memecoin.

Hacker Shilled Memecoin Mubarakah Using Binance Co-CEO’s WeChat

Binance‘s new co-CEO Yi He fell prey to a social media hack Tuesday night, as founder Changpeng “CZ” Zhao has shared in an X post. “Someone hacked @heyibinance’s WeChat account,” said CZ. “Do not buy meme coins from the hackers posts.”

The entity who gained control of Yi He’s account used it to promote a small memecoin called Mubarakah (MUBARA). Like is usually the pattern with hacks like these, investors bought into the token, believing the endorsement to be coming from a well-known industry figure. This sent the memecoin soaring.

On-chain sleuth Lookonchain has revealed how the hacker timed their moves. First, the attacker made two wallets hours in advance, spending 19,479 USDT to buy 21.16 million in Mubarakah.

“After the pump, the hacker has already sold 11.95M $Mubarakah for 43,520 $USDT and still holds 9.21M $Mubarakah($31K), for a total profit of $55K,” explained Lookonchain. The pattern is a clear example of a classic pump-and-dump scheme.

Yi He posted on X that the phone number tied to her WeChat account was taken over, locking her out of the account. A few hours later, she shared that she was able to regain control of the account.

Zhao took the moment to throw a jab at legacy internet systems, saying, “Web 2 social media security is not that strong.” Web 2.0 refers to the traditional online ecosystems most apps still run on, as opposed to the newer, blockchain-powered Web 3.0.

The hack has come just a week after Yi He, who is also a co-founder, was appointed as Binance co-CEO. Previously, she served as chief customer service officer for the cryptocurrency exchange.

In some other news, Binance has become the first digital asset exchange in the world to receive a license from UAE’s ADGM this week, as announced in a press release.

ADGM, standing for Abu Dhabi Global Market, is the international financial center of UAE’s capital, Abu Dhabi. ADGM’s Financial Services Regulatory Authority (FSRA) has given the exchange full authorization to operate its platform in the region.

Due to ADGM’s regulatory requirements, Binance will run its operations through three distinct entities, with each responsible for a separate function: an exchange, a clearing house, and a broker-dealer.

Binance co-CEO Richard Teng noted:

ADGM is one of the most respected financial regulators globally, and holding an FSRA license under their gold standard framework shows that Binance meets the highest international standards for compliance, governance, risk management, and consumer protection.

Bitcoin Price

At the time of writing, Bitcoin is trading around $91,900, down 1% over the last week.

Bitcoin is holding firm above the $92,000 level after rebounding from a brief dip to $90,000, but market sentiment remains decisively bearish. Despite the crypto market stabilization, confidence is fragile as traders brace for heightened volatility ahead of the December FOMC meeting. Bulls are attempting to regain momentum, yet the broader market continues to position defensively.

According to a detailed report by XWIN Research Japan, crypto hedge funds and large institutional players are shifting into clear risk-off mode. On-chain data reveals a notable divergence: BTC balances on centralized exchanges are falling, while USDT and USDC reserves are steadily climbing.

This behavior indicates that professional investors are reducing direct crypto market exposure and instead building up stablecoin liquidity on exchanges—capital that can be deployed rapidly depending on the FOMC outcome.

This rise in Stablecoin Exchange Reserves is a textbook sign of event-driven hedging. Institutions are preparing for volatility rather than betting outright on a directional move. Historically, such positioning emerges when markets expect meaningful policy decisions that could reshape short-term liquidity conditions.

Funding Rates Reveal the Market’s True Positioning

According to the XWIN Research Japan report, Funding Rates make the current crypto market structure even clearer. During the August–October 2025 period, funding surged as short-term traders aggressively loaded into long positions ahead of the FOMC decision, only to collapse sharply once the announcement was released.

Bitcoin’s price followed the same pattern: a strong pre-event rally driven by expectations, followed by a swift reversal as leveraged traders were forced to unwind. This fits the historical sequence of rate-cut expectations followed by a temporary rally, and a post-announcement deleveraging and decline.

The report highlights that today’s crypto market is showing similar behaviors. CME futures open interest has stalled, signaling that institutional traders are avoiding high-conviction directional bets. Whale spot holdings remain flat, suggesting that major players are positioned defensively rather than accumulating. At the same time, stablecoin inflows are accelerating, a hallmark of event-driven hedging as capital waits on the sidelines for clarity.

As XWIN Research Japan notes, whether the Fed cuts rates or not, one pattern remains consistent: volatility expands sharply during FOMC week. The danger lies in chasing the pre-meeting bounce without respecting the historical tendency for post-announcement shakeouts. In this environment, risk management—not prediction—is the winning strategy.

Total Crypto Market Cap Holds Key Support But Lacks Momentum

The Total Crypto Market Cap chart shows the market stabilizing around the $3.1 trillion level after a sharp multi-week decline. This area sits just above the 100-week moving average, a historically important dynamic support zone that often defines whether the broader cycle maintains bullish structure or shifts into deeper corrective territory. For now, buyers have stepped in to defend this region, preventing a breakdown that could have opened the door to a retest of the $2.7T–$2.8T area.

Despite the bounce, the structure remains fragile. The market is still trading below the 50-week moving average, which has now begun to bend downward—a sign that momentum has weakened across major assets like Bitcoin, Ethereum, and key altcoins. Volume has not shown a strong surge on the rebound either, suggesting that institutional conviction remains cautious ahead of the FOMC meeting and macro uncertainty.

A decisive reclaim of the $3.3T–$3.4T zone would shift momentum back in favor of bulls, opening room for a broader recovery. However, failure to break above this cluster of resistance could reinforce the idea that the recent bounce is only corrective. For now, the total market cap hovers at a crossroads, with macro events likely to determine the next major move.

Featured image from ChatGPT, chart from TradingView.com

Ethereum (ETH) is under a pivotal week as traders weigh a mix of macroeconomic expectations, institutional developments, and strengthening technical signals.

Related Reading: Midnight Goes Live As Cardano Founder Targets A $10 Billion Ecosystem

With the Federal Reserve set to deliver its next rate decision, market participants are watching how Ethereum’s recent momentum interacts with a broader risk-on environment.

The second largest cap cryptocurrency has already staged a notable rebound, breaking key resistance levels and drawing renewed interest from both retail and institutional investors.

Fed Expectations Drive Ethereum Position Repricing

Ethereum surged past $3,300 and briefly approached $3,400 after recording a 6% jump over the past 24 hours.

The rally comes as traders price in a high probability, close to 90%, that the Federal Reserve will announce a 25-basis-point rate cut. Lower interest rates tend to improve liquidity conditions, a factor that has historically supported digital assets.

Bitcoin’s recovery above $94,000 added further confidence to the market, though Ethereum outperformed on a relative basis. The ETH/BTC ratio reached its strongest point since late October, indicating a shift of capital from Bitcoin to Ethereum.

Spot Ethereum ETFs also saw $177.7 million in inflows on December 9, surpassing Bitcoin’s inflows on the same day.

Institutional Moves Add to Bullish Sentiment

One major catalyst behind this shift has been BlackRock’s filing for the iShares Ethereum Staking Trust ETF. The fund would offer exposure not only to ETH’s price but also to staking rewards, expanding access to yield-bearing strategies.

Analysts note that such products could increase liquidity inflows into Ethereum, especially as institutional portfolios diversify beyond Bitcoin. This filing arrives at a time when the amount of ETH held on centralized exchanges has fallen to its lowest level since 2015, roughly 8.7% of the total supply.

Large buyers, including Bitmine Immersion, have accumulated billions of dollars’ worth of ETH in recent months. Combined, these developments indicate a tightening of supply conditions.

Technical Breakouts Reinforce the Trend

Chart analysts highlight that Ethereum has broken above a downward trendline that previously capped rallies for nearly two months.

Momentum indicators, including MACD and RSI, show increasing buyer strength despite approaching overbought territory. Ethereum’s break above the $3,300 zone has shifted focus toward the next resistance level at $3,500, with wave-pattern analysis suggesting potential upside toward $3,600.

Related Reading: Bitwise Rolls Out New ETF For Broad Crypto Exposure, Including BTC, XRP, And ADA

Analysts such as Captain Faibik argue that a confirmed breakout could support a rally of up to 30%, targeting the $4,200–$4,300 region if bullish conditions persist. However, the Fed’s upcoming decision remains a key variable in determining whether momentum continues or cools.

Cover image from ChatGPT, ETHUSD chart from Tradingview

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