MrBeast, the renowned YouTuber, is facing scrutiny over alleged cryptocurrency schemes involving over 50 wallets linked to his activities. Investigators claim he engaged in insider trading and misled investors through token promotions and wallet transactions. Evidence points to his involvement in promoting projects like SuperFarm (now SuperVerse), alongside influencers like KSI and LazarBeam, only to later dump tokens on their followers.

MrBeast reportedly used platforms such as Binance and Gemini for large transactions, with multiple wallets funneling funds through shared deposit addresses, solidifying the case for their connection to him. An example includes his $100k investment in SuperVerse, which yielded $7.5 million in profits. Meanwhile, public pre-sale investors in the project were left without returns after legal loopholes voided their gains.

The investigation reveals coordinated token farming and token transfers across MrBeast’s wallets, further suggesting a pattern of market manipulation.

Bitcoin Nears ATH as BlackRock ETF Activity Hits Record Levels

Bitcoin is experiencing a surge in price and institutional FOMO, driven by record-breaking ETF activity. BlackRock’s iShares Bitcoin Trust (IBIT) reported $3.36 billion in trading volume, its highest in six months, with $870 million in ETF inflows recorded in a single day. This unusual spike suggests institutions are rushing to invest as Bitcoin inches close to its all-time high (ATH) of $73,737.94, coming within $175 of breaking it.

As Bitcoin trades around $71,740, market attention is now shifting to key economic events, including Friday’s nonfarm payroll (NFP) report and the Federal Reserve’s next meeting, where 99.6% of traders expect an interest rate cut. Additionally, the U.S. GDP growth slowed to 2.8% in Q3, slightly below the 3% reported in Q2. Analysts believe Bitcoin has entered an acceleration phase, fueled by positive catalysts such as the upcoming U.S. presidential election and favorable market conditions, suggesting new ATHs are within reach.

Bitcoin Surges Past $72K as ETF Inflows and Open Interest Hit Records

Bitcoin’s price surged to $72,000 for the first time since June 2024, driven by rising institutional inflows and increased open interest. The rally came as spot Bitcoin ETFs recorded $479.4 million in net inflows on October 28, with BlackRock and ARK Invest leading the surge. Bitcoin ETF holdings in the U.S. reached a new all-time high of $66 billion, indicating strong institutional demand.

Bitcoin’s open interest also jumped by $2 billion within 48 hours, hitting a record $22.77 billion, as short liquidations totaling over $150 million were triggered. Analysts note that, although the market is bullish, Bitcoin needs to close above $76,000 to confirm a sustained breakout. Immediate resistance remains around $71,500, which has been a key barrier since early 2024.

📊 CRYPTO PRICES 💰

As we gear up to launch lending, if you have any questions about lending please reach out to us on Telegram. link 👉 https://t.me/nettyworthcommunity/