Bybit’s chief executive says the firm has now fully closed the Ethereum gap after hackers stole nearly $1.5 billion worth of ETH and Lido Staked Ether (stETH) from the crypto exchange last week. Bybit CEO Ben Zhou says the exchange has restored a 1:1 backing on all client assets after the record-setting hack. Zhou’s claims …
Monthly archives: February 2025
Ethereum Foundation’s Aya Miyaguchi steps into new leadership role amid governance shift
Ethereum Foundation (EF) executive director Aya Miyaguchi will step down from her current role and transition into a new position as the foundation’s president amid a revamp of its leadership structure. Miyaguchi announced the change in a Feb. 25 statement and said a new governance model is expected soon. She added that her new role as …
Tether CEO alleges rivals aim to ‘kill’ USDT through legal and legislative channels
Tether CEO Paolo Ardoino has voiced concerns that the company’s rivals are leveraging legal and regulatory tactics to destabilize the stablecoin issuer. In a Feb. 25 post on X, Ardoino alleged that some stablecoin issuers in the US are using political lobbying and legislative efforts to target Tether’s operations. According to him: “While our competitors …
Blackrock Under the Microscope: Financial Institution Shifts Millions in Crypto to Coinbase
Blackrock has transferred about 18,168 ether and 1,800 bitcoin, worth around $44 million and $160 million, to the centralized crypto platform Coinbase. Blackrock’s Digital Asset Strategy and Rebalancing in the Spotlight Onchain observers noted that the transfers occurred within a short window, indicating that the financial giant Blackrock is actively moving its digital asset holdings. …
Sea of Red: Altcoins Bleed Billions, Crypto Market Sinks to $2.84 Trillion
The cryptocurrency market plunged 7.37% to $2.84 trillion by 10:52 a.m. Eastern Time on Tuesday, marking its steepest single-day decline in months as fears over President Donald Trump’s tariff policies intensified a broad altcoin sell-off. Crypto Market Sees Worst Single-Day Drop of 2025 Every non-stablecoin among the top 45 cryptocurrencies by market capitalization traded in …
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Justin Sun and WLFI Co-Founder Headline Consensus HK 2025 as TRON DAO Showcases T3 FCU
This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. PRESS RELEASE. Geneva, Switzerland, February 25 2025 – TRON DAO made a significant impact at Consensus Hong Kong 2025 as a 5-Block Sponsor, delivering a series of high-impact events and discussions that highlighted its …
Bitcoin ETFs See $516 Million Outflow Amid Continued Investor Retreat
The crypto market faced notable withdrawals on Feb. 24, with bitcoin ETFs experiencing a net outflow of $516 million and ether ETFs shedding $78 million. Major funds, including Fidelity’s FBTC and Blackrock’s IBIT, led the downturn, reflecting a negative sentiment among investors. Crypto ETFs Face Significant Withdrawals as Bitcoin and Ethereum Funds Decline Investor sentiment …
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Metaplanet Expands Bitcoin Treasury to 2,235 BTC With New $12.9 Million Purchase
Tokyo-listed investment firm Metaplanet has acquired an additional 135 BTC for $12.9 million, bringing its total bitcoin holdings to 2,235 BTC. The company has outlined ambitious targets of 10,000 BTC by 2025 and 21,000 BTC by 2026 as part of its strategic treasury operations. Japan’s Metaplanet Aims for 10,000 BTC by 2025 Metaplanet Inc., a …
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Trump Trade Policies Spark Altcoin Sell-Off: Ethereum, Meme Coins, and Solana Hit Hardest
The cryptocurrency market plunged on Feb. 25, 2025, with altcoins suffering outsized losses amid economic uncertainty fueled by President Donald Trump’s tariff policies. At press time, the crypto economy stands at $2.91 trillion, down more than 6% over the last day. Crypto Market Tumbles: Altcoins Face Steep Declines The crypto market’s total capitalization fell by …
Investor Alert: Dubai Regulator VARA Flags Unlicensed MKAN Coin Platform
The Virtual Assets Regulatory Authority (VARA) has issued an alert regarding MKAN Coin DMCC, which advertised virtual asset activities in the United Arab Emirates (UAE) without the necessary regulatory approval. VARA has instructed the company to cease all unlicensed operations and imposed a fine. The regulator said MKAN Coin’s activities expose users to significant financial …
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‘Depressing Bear Market’ Potentially About To Begin for Altcoins Amid Worrying Signs in Stock Market: Veteran Trader
A seasoned trader and analyst is warning that the future appears perilous for altcoins as the US stock market flashes worrying signs. The trader pseudonymously known as The Flow Horse tells his 9,120 Telegram subscribers that with the exception of Bitcoin (BTC), crypto assets could be at the “beginning of a depressing bear market.” According …
Elliptic Says Lazarus Group Using eXch To Launder Stolen Funds Despite Requests From Bybit To Block Transactions
The Lazarus Group has laundered stolen crypto from last week’s record-shattering Bybit hack through the exchange eXch, according to the blockchain research firm Elliptic. Hackers looted nearly $1.5 billion worth of Ethereum (ETH) and Lido Staked Ether (stETH) from Bybit on Friday. The attack represented the largest crypto hack ever and possibly the biggest heist …
Cathie Wood Says Bitcoin Consolidation Extremely Healthy Amid ‘Early Stages’ of Institutional Adoption: Report
ARK Invest’s Cathie Wood reportedly says that Bitcoin’s (BTC) market structure remains strong and the flagship crypto asset may soon have a massive breakout. According to a new Barron’s report, Wood says at the Cboe Global Markets 2025 Bitcoin Outlook webinar that the sideways trading of the top digital asset in the $90,000 range this …
Ethereum’s Pectra Upgrade Fails to Finalize on Holesky Testnet
TLDR Ethereum’s Pectra upgrade failed to finalize on the Holesky testnet due to execution client bugs The issue related to how deposit contract addresses were handled by some clients Pectra includes 11 protocol improvements including EIP-7702 for account abstraction features Testing will continue on Sepolia testnet on March 5 before mainnet deployment The upgrade will …
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Ethereum (ETH) Price: Stability at $2,775 Challenges Growing Short Positions from Retail Traders
TLDR Ethereum retail traders are increasingly shorting ETH despite bullish MACD crossover Binance has been transferring large amounts of ETH to exchanges and market makers ETH price rose above $2,775 but faces potential pullback toward $2,700 Price recently declined over 10% from $2,850 resistance zone Technical indicators show mixed signals with support at $2,450 and …