Tag: Ethereum

Bybit lands on Singapore MAS Investor Alert List

[Updated June 18 at 3:03 pm UTC: Updates with statement from Bybit beginning in the fifth paragraph.]Crypto exchange Bybit has been added to the Monetary Authority of Singapore’s (MAS) Investor Alert List, a registry designed to warn consumers about entities that may be wrongly perceived as licensed or regulated by the financial watchdog. Bybit Fintech Limited and Bybit appeared on the MAS alert list on Wednesday, although the regulator did not provide a specific reason for their inclusion.Bybit Fintech Limited, the corporate entity behind the exchange, appears on the MAS Investor Alert List website. Source: MASAccording to MAS, the Investor Alert List identifies entities and investment offers that may create the false impression of being licensed, authorized, regulated or registered by the authority, or whose investment offerings may be mistakenly viewed as having received MAS approval.Based on publicly available information, Bybit is not licensed or regulated by MAS. “Bybit is aware that Bybit Fintech Limited has been included on the Monetary Authority of Singapore’s (MAS) Investor Alert List and is engaging MAS to better understand the basis for this listing,” the company said in a social media post.Although Bybit was founded by Singaporean entrepreneur Ben Zhou, the exchange does not operate in the city-state. Singapore is listed among the company’s “Service Restricted Countries” on its website, meaning users in the jurisdiction are not permitted to access its services.”Bybit has consistently engaged openly and constructively with MAS and has been maintaining measures designed to prevent access by Singapore users,” it said in the post.Related: SBI Holdings targets majority stake in Singapore crypto exchange CoinhakoSingapore maintains strict oversight of crypto sectorSingapore has cemented its position as a leading crypto hub, ranking among the world’s top jurisdictions for decentralized finance and institutional digital asset services in Chainalysis’ 2025 Global Crypto Adoption Index. Retail crypto adoption, however, ranked significantly lower.The MAS has continued to take an assertive approach to industry oversight. In May, the regulator revoked the Major Payment Institution license of crypto liquidity provider Bsquared Technology after uncovering what it described as serious regulatory breaches, including weaknesses in risk management and conflict-of-interest policies. MAS also said the company had provided false or misleading information on multiple occasions, from its initial license application through a subsequent inspection.Separately, Singapore police charged former Hodlnaut CEO Zhu Juntao in May with six counts of fraud for allegedly misleading customers about the crypto lender’s exposure to the 2022 Terra ecosystem collapse.Hodlnaut, a Singapore-based crypto lending platform that once served tens of thousands of users, suspended withdrawals in August 2022 following the Terra implosion and was later ordered to liquidate.The regulator placed Binance.com on its Investor Alert List in 2021, The Straits Times reported at the time. However, a search on Wednesday of the list did not show any mention of Binance among 910 records in the query.Related: Singapore Gulf Bank adds stablecoin mint and redeem for 24/7 settlement

Bitcoin to $145K by October? Why this ‘crazy accurate’ 4chan prediction is sketchy

A viral social media post is reviving an alleged Bitcoin prediction that appears to have called several major BTC price levels from 2019 through 2024, with one final target remaining: $145,000 by October 2026.Key takeaways:The new viral post appears to be an iteration of an older post with different Bitcoin price targets.It also claims the author holds more than 90% of the Bitcoin supply, which is mathematically impossible.The Bitcoin target still requires proofThe screenshot, shared by crypto account Corleone, shows an anonymous 4chan-style post dated Dec. 20, 2018. Bitcoin price prediction screenshot. Source: X/CorleoneIt claims that a certain group holds “around 90% of total supply” and lists Bitcoin price targets for October 2019, February 2021, July 2021, November 2021, April 2022, November 2022, March 2024, July 2024, September 2024 and October 2026.At first glance, the prediction looks unusually correct, with Corleone calling them “crazy accurate.” Bitcoin did trade at several of the listed historical levels, including around $67,000 in November 2021 and near $16,000 during the November 2022 bear-market low.But there are several problems with treating the screenshot as authentic.The original post is not publicly verifiableThe biggest issue is provenance. The screenshot does not show a verifiable archive link, tripcode, or any identity marker tying the prediction to a repeatable 4chan user.That matters because 4chan posts are usually anonymous by design. “Anonymous” is not a single person or account. Without an archived source, there is no reliable way to prove that the same person predicted the events before they happened.A Binance Square post from July 2024 uses the same “we hold around 90% of total supply” wording and many of the same targets, but lists Bitcoin at $105,400 in September 2024. Bitcoin price prediction screenshot. Source: Binance SquareThe newer viral screenshot instead shows September 2024 at $74,000 and adds the October 2026 target of $145,000.Related: Bitcoin $150K price calls are ‘drying up,’ which is healthyThat difference is a major red flag. It suggests the image or prediction list may have been edited over time to better match Bitcoin’s historical price action.The market cap claim does not add upThe screenshot also says the prediction would produce a $5.7 trillion market cap, with Bitcoin dominance at 40%–47%.If the $5.7 trillion figure refers to Bitcoin alone, it is mathematically wrong. At $145,000 per BTC and roughly 20 million BTC in circulation, Bitcoin’s market capitalization would be about $2.9 trillion. Even using Bitcoin’s full 21 million maximum supply, the market cap would be around $3.05 trillion.If the post refers to the total crypto market, the wording is unclear and still does not prove anything about the prediction’s authenticity.The “90% of BTC supply” claim lacks proofThe screenshot also claims: “We hold around 90% of total supply now.”Bitcoin has about 20.04 million BTC in circulating supply and a 21 million BTC supply cap, so 90% would imply control of roughly 18 million BTC.Also, the top 100 richest Bitcoin addresses control about 15.27% of the BTC supply, while the top 10,000 addresses hold about 53.89% of the same, according to data resource Bitinfocharts.That is far below the 90% supply supposedly held by the viral post’s author.For now, the claim that an anonymous 4chan user accurately predicted Bitcoin’s major price moves through 2026 should be treated as unproven. It appears more likely to be an edited or recycled crypto meme than proof of a trader who “does not miss.”

Bitcoin Speculated to Hit $20,000

Bitcoin Speculated to Hit $20,000

Bitcoin Speculated to Hit $20,000

Bitcoin Speculated to Hit $20,000

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