Crypto Influencer Kevin Mirshahi Found Dead After Abduction

@newsontheblockchain, 17/11/2024

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📈 Preview On Today’s News:

1. - Crypto Influencer Kevin Mirshahi Found Dead After Abduction

2. - Memecoin Trader Achieves 281x Profit in Just Two Hours from $1.6K Investment

3. - Bitwise's $10 Billion AUM Milestone Reflects Growing Crypto Adoption

Keep reading for more!

Today’s Important News:

1)

Crypto Influencer Kevin Mirshahi Found Dead After Abduction

Kevin Mirshahi, a cryptocurrency influencer and founder of Crypto Paradise Island, was found dead in Montreal after being abducted in June. His disappearance gained attention due to his involvement in a controversial pump-and-dump scheme involving the cryptocurrency Marsan (MRS), which caused significant financial losses for investors. Mirshahi had been banned from acting as a broker or investment advisor by Quebec’s financial authority following the scheme, but reportedly continued promoting crypto investments. His death highlights the rising violence targeting crypto influencers, following other similar incidents in the industry.

• Kevin Mirshahi, a crypto influencer involved in a pump-and-dump scheme, was found dead in Montreal after being abducted in June.

• His death underscores a growing trend of violence against cryptocurrency executives and influencers.

2)

Memecoin Trader Achieves 281x Profit in Just Two Hours from $1.6K Investment

In a remarkable crypto trading event, a trader earned $458,400 from an initial $1,600 investment by capitalizing on the volatile $BITCAT token. The trader purchased $BITCAT after converting 7.84 Solana ($SOL) and saw the token surge dramatically in price within two hours, allowing them to sell at the peak for a massive 281x return. However, such high-reward, high-risk opportunities also highlight the volatile nature of low-market-cap cryptocurrencies like $BITCAT, where substantial profits can occur alongside equally substantial losses.

• A trader turned $1,600 into $458,400 by investing in the volatile $BITCAT token, securing a 281x return in just two hours.

• This event underscores the high-risk, high-reward nature of speculative cryptocurrencies like $BITCAT, with massive price fluctuations and limited liquidity.

3)

Bitwise's $10 Billion AUM Milestone Reflects Growing Crypto Adoption

Bitwise Asset Management has reached $10 billion in assets under management (AUM), driven by rising institutional interest and growing mainstream adoption of digital assets. The firm offers over 30 investment solutions, including ETFs, index funds, and staking opportunities, designed to provide easy access to the crypto market. This achievement highlights Bitwise's pivotal role in the ongoing maturation of the crypto space, with a particular focus on Bitcoin and Ethereum. Market optimism is further supported by increasing Bitcoin ETF inflows, particularly following recent record highs for Bitcoin prices.

• Bitwise reaches $10 billion in AUM, fueled by increasing crypto adoption and institutional interest.

• Record Bitcoin ETF inflows and a focus on Bitcoin and Ethereum highlight market optimism.

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