ChainCatcher news, according to the latest data from Coinglass, in the past week, 13,589.73 bitcoins have flowed out of the Coinbase Pro exchange wallet, while the Binance wallet has seen an inflow of 4,423.84 bitcoins in the past 7 days, and the Bitfinex wallet has seen an outflow of 3,282.74 bitcoins in the past 7 days.

ChainCatcher news, according to Whale Alert monitoring, around 19:09 Beijing time today, 260,641,100 USDT was transferred from Bitfinex to Tether Treasury.

ChainCatcher news, according to CoinDesk, the hacker involved in the Bitfinex theft case has made a public statement for the first time since being arrested. Ilya Lichtenstein reiterated that he alone stole 120,000 bitcoins, denying the speculation in the Netflix documentary that "his father was complicit and may belong to a Russian spy agency." This is his first public statement since his arrest in 2022.In the video statement, Lichtenstein said, "My father is not a hacker; he doesn't even know how to use Instagram. I sincerely apologize to Bitfinex for all the pressure I have caused them. I know what I did was wrong, but I did it anyway. Looking back at who I was then, I hate myself. I hate myself. For the past three years, I have been working hard to trace all assets and return them down to the last satoshi as required by my plea agreement, and I will continue to do so."

ChainCatcher message, Bitfinex Alpha's latest report states that since the bear market low of $15,487 in November 2022, Bitcoin has surged over 573%, and its price has increased by 130% year-to-date. The current bull market reflects strong institutional demand, primarily driven by ETFs and spot accumulation.Historical data suggests that we are in the mid-cycle, with the market likely peaking around the third to fourth quarter of 2025, approximately 450 days after the halving in April 2024. Indicators such as MVRV, NUPL, and bull-bear market cycle indicators suggest that we are still in the bull market phase but far from reaching the peak. The Pi cycle top and the 4-year moving average model predict a potential cycle top between $145,000 and $189,000.From a historical perspective, diminishing returns are moderating the explosive growth of BTC that we observed in previous cycles.

ChainCatcher message, Bitfinex post analysis, last week, Bitcoin reached an all-time high, breaking the $100,000 mark for the first time, hitting a historic high of $104,000. This marks a 111% increase from Bitcoin's low of below $50,000 during the summer. However, after the rebound, there was a significant 14.84% pullback, including a rapid 10% drop within just eight minutes, which is the largest pullback from the current all-time high since the sell-off before the U.S. elections. This pullback triggered over $1.1 billion in liquidations, with $419 million in Bitcoin long positions, highlighting the level of leverage in the market.Despite the market's extreme volatility, signs of stabilization are emerging. The realized profit metric had peaked at $10.5 billion daily but has now dropped to $2.5 billion, easing selling pressure. The futures funding rate has also normalized, indicating a decrease in speculative leverage. Although ETF inflows slightly slowed over the weekend, they remain a key source of support against the backdrop of long-term holders continuing to take profits. As Bitcoin consolidates above $100,000, the medium-term outlook remains bullish, and with the normalization of funding rates and easing selling pressure, there is potential for further upside as long as ETF inflows continue to increase.Additionally, the Federal Reserve is assessing potential policy shifts that the new government may undertake, while the economy remains supported by a resilient labor market and stable consumer demand. However, the uneven recovery across various sectors suggests a need for cautious optimism.

ChainCatcher message, according to Ember monitoring, a whale that built a position in ETH at $154 in 2019 has transferred all 60,078 ETH to Bitfinex, clearing the address.This address withdrew 87,084 ETH ($13.42 million) from Bitfinex on 2019/1/5, when the ETH price was only $154.On 2020/12/6, this address deposited 600 ETH into Tornado Cash.The ETH from this address was transferred to Bitfinex at an average price of $3,338, which is a 21.6 times increase compared to the withdrawal price.

ChainCatcher message, Bitfinex analysts indicate that the upward momentum of Bitcoin depends on how to balance the demand from short-term holders (STH) and the supply from long-term holders (LTH).Analysts state that the supply from STH has approached 3.28 million Bitcoins, a level historically associated with the peak regions of bull markets. This suggests that retail interest is rising. However, the increase in profit-taking by long-term holders puts pressure on Bitcoin's upward momentum, potentially hindering further price increases. Over the past two weeks, the supply entering the Bitcoin market from the LTH group has remained stable, and the lack of spot demand to absorb this supply may lead to further price declines.In simple terms, Bitfinex analysts believe that only if the buying power of short-term holders further absorbs the selling pressure from long-term holders can the price continue to rise.

ChainCatcher news, Bitfinex released a report stating, "Despite some brief turbulence last week, November was a peak month for Bitcoin. Bitcoin experienced its largest pullback since the U.S. elections, dropping 8.64% during the week to $90,911, before quickly rebounding and setting a historic closing record at the end of the month, reaching $96,506. Bitcoin ended November with an impressive gain of 37.3%, making it the second-best performing month of 2024 so far.This outstanding performance continues to highlight Bitcoin's strong momentum, preparing us for December. Historically, December is usually a month of high volatility for Bitcoin, but during halving years, the average return for this asset is 38.86%. Given the current bull market dynamics, we believe Bitcoin is likely to continue rising, although it may experience short-term fluctuations. Any short-term pullbacks are likely to be triggered by ETF outflows and profit-taking by long-term holders. Last week, ETFs recorded a net outflow of $135.1 million, most of which occurred in the first two days of trading. Since September, long-term holders have distributed a significant amount of 508,990 Bitcoins, increasing the supply in the market. While this is still below the 934,000 Bitcoins distributed before the March 2024 peak, the ongoing selling pressure requires sustained demand from ETFs and marginal buyers to avoid further pullbacks.Interestingly, the supply of short-term holders is approaching its cyclical high of 3,282,000 Bitcoins. Historically, the final stages of a bull market typically occur when the supply of short-term holders breaks above the pre-halving cycle high. This shift indicates an increasing participation of retail investors, but it also highlights the market's reliance on incoming demand to absorb the profit-taking from long-term holders.As Bitcoin further enters the bull market cycle, the current consolidation phase is a necessary pause to absorb profit-taking and adjust market demand. With the recovery of ETF inflows and increased retail interest, we believe Bitcoin still has a solid foundation to break through the psychological barrier of $100,000."

ChainCatcher message, according to Whale Alert monitoring, around 9:01 AM Beijing time, 42,917 ETH was transferred from an unknown wallet to Bitfinex, worth 142,072,218 USD.

ChainCatcher news, Bitfinex released a report stating, "Bitcoin's approach to the historic $100,000 mark is driven by unprecedented inflows into Bitcoin ETFs and strong institutional demand. Despite facing profit-taking resistance at its latest all-time high, Bitcoin has shown resilience, maintaining around $96,000 over the weekend and then regaining some upward momentum in early trading on Monday. Since the pre-U.S. presidential election low of $66,880, Bitcoin has risen by 47%, and it has astonishingly increased by 130% year-to-date, paving the way for new horizons. The performance of Bitcoin compared to traditional assets is undeniable: Bitcoin's market capitalization has now surpassed Saudi Aramco, becoming the seventh-largest asset globally, with a peak valuation exceeding $1.9 trillion.Although Bitcoin's upward momentum is remarkable, it is not without profit-taking from long-term holders. Despite increased pressure, the current pressure remains manageable compared to the historical peaks in March 2021 and March 2024. These trends indicate a temporary stagnation in market momentum, but the overall market may absorb selling pressure and continue to rise in the medium term.The overall cryptocurrency market (excluding Bitcoin and Ethereum, referred to as the Total3 index) has also reached a new cycle high, with investor sentiment surging, driving the Total3 index to experience a 23.2% increase from low to high last week—this is the largest increase since April 2021. Large-cap altcoins, such as Solana (SOL), have reached new all-time highs, marking their breakthrough of key resistance levels, including the April 2022 peak.The market capitalization of altcoins is now approaching the $984 billion high from May 2021, indicating that speculative funds are shifting from Bitcoin to altcoins. Historically, this kind of fund rotation often heralds the arrival of "altcoin season," where altcoins outperform Bitcoin.In fact, the annualized funding rate for large-cap altcoins has surpassed the 45% threshold, marking an increase in speculative activity. With the participation of retail investors on the rise, short-term volatility is expected to increase, further driving the momentum of altcoins. However, these conditions also require caution, as extreme funding rates often signal severe market corrections."

ChainCatcher News, an agent from the Internal Revenue Service tracked and seized 120,000 bitcoins stolen from the cryptocurrency exchange Bitfinex using a MacBook Pro, which is now housed at the Smithsonian in Washington, D.C.Ellen Feingold, the curator of the National Numismatic Collection (NNC), explained in an article for Smithsonian Magazine on November 18: "This laptop is at the center of a criminal case, indicating that people's understanding of cryptocurrency is continually evolving."The owner of the laptop is former IRS agent Chris Janczewski, who now leads global investigations at blockchain intelligence firm TRM Labs. Janczewski helped uncover the keys to the 120,000 bitcoins stolen by Ilya Lichtenstein from Bitfinex, who was sentenced to five years in prison earlier this month for hacking.

ChainCatcher news, according to Cointelegraph, the digital securities exchange Bitfinex Securities is conducting the first public offering of tokenized U.S. Treasury bills (T-bills) under the legal framework of El Salvador. As part of this issuance, the El Salvador-based digital asset issuer NexBridge Digital Financial Solutions will issue a new token with the trading code USTBL. This token aims to provide investors with an opportunity to invest in short-term U.S. Treasury bills denominated in U.S. dollars (USD).The initial offering by Bitfinex Securities aims to raise at least $30 million to continue the issuance of tokens, with the initial subscription period starting on November 19, 2024, and ending on November 29. According to Bitfinex Securities, this sale is the "first regulated" tokenized U.S. Treasury product based on Bitcoin technology. The new token will be issued on the Bitcoin Layer 2 network Liquid Network, and it is expected to provide an annualized yield to maturity of 5.02%. Proceeds from this issuance will be allocated to the iShares $ Treasury Bond 0-1yr UCITS ETF, which is a publicly listed ETF designed to track the investment results of an index composed of U.S. Treasury bonds denominated in U.S. dollars issued by the U.S. Department of the Treasury.

ChainCatcher news, according to Cointelegraph, U.S. District Judge Colleen Kollar-Kotelly sentenced Heather Morgan (the rapper "Razzlekhan"), one of the suspects in the Bitfinex hacking case, to 18 months in prison during a hearing on November 18.In August 2023, Morgan pleaded guilty to conspiracy to commit money laundering and fraud charges. She is the wife and accomplice of Ilya Lichtenstein, the hacker who stole 120,000 bitcoins from the cryptocurrency exchange Bitfinex in 2016 and laundered them.On November 14, Judge Kollar-Kotelly sentenced Lichtenstein to five years in prison, far below the 20 years allowed by sentencing guidelines. Prosecutors noted that the hacker provided "substantial assistance" in other investigations and that he had no prior criminal record.

ChainCatcher news, U.S. District Court Judge Colleen Kollar-Kotelly sentenced Heather Morgan (the rapper "Razzlekhan"), one of the suspects in the Bitfinex hacking case, to 18 months in prison during a hearing on November 18.In August 2023, Morgan pleaded guilty to conspiracy to commit money laundering and fraud; she is the wife and accomplice of Ilya Lichtenstein, the hacker who stole 120,000 bitcoins from the cryptocurrency exchange Bitfinex in 2016 and laundered them.On November 14, Judge Kollar-Kotelly sentenced Lichtenstein to five years in prison, far below the 20 years allowed by the sentencing guidelines. Prosecutors noted that the hacker provided "substantial assistance" in other investigations and that he had no prior criminal record.

ChainCatcher news, according to Whale Alert monitoring, around 23:16 Beijing time, 120,000,000 USDT was transferred from Bitfinex to Tether Treasury.

ChainCatcher news, according to Decrypt, the U.S. Department of Justice (DOJ) has established a website to collect statements from individuals affected by the 2016 Bitfinex hacking incident, aiming to provide potential victims an opportunity to share how the criminal actions of Ilya Lichtenstein and his wife Heather Morgan have impacted them.Although the DOJ's position is that, under the Crime Victims' Rights Act (CVRA), there are no victims of a convicted crime, the department has still issued this notice to the public to ensure that anyone who may have been harmed by the defendant's actions can be heard. This includes affected Bitfinex account holders.

ChainCatcher message, 5 minutes ago, 9,999 ETH transferred from an unknown wallet to Bitfinex, worth $29,052,298.

ChainCatcher news, November 7, Bitfinex analysts expect that after Trump's election as President of the United States, the crypto market will welcome a "new wave of hope."As the industry anticipates a less hostile attitude from federal agencies towards cryptocurrencies, this trend is expected to facilitate more capital inflow into the Web3 space. Analysts stated, "We expect that in the short term, a significant amount of capital will be released for the crypto sector. Furthermore, this may influence the approach taken by the U.S. SEC, which is widely regarded as having a hostile stance towards the crypto industry."

ChainCatcher news, according to Cointelegraph, Bitfinex analysts stated, "Although the market generally expects increased volatility before the U.S. elections on November 5, many market participants seem hesitant and have adopted a wait-and-see attitude. However, significant volatility is still expected in the short term after the elections, which could 'drive major movements,' or if it does not occur, it may be a warning sign of a 'deeper correction' for Bitcoin in a shorter time frame."