Bybit CEO Ben Zhou confirmed that the exchange restored Ethereum (ETH) reserves following the recent $1.4 billion security breach. In a Feb. 24 post on X, Zhou announced that Bybit will soon release an updated proof-of-reserves report demonstrating that it now holds client assets 1:1. He stated: “Bybit has already fully closed the ETH gap, …
Monthly archives: February 2025
Crypto Mining Equipment Manufacturer Bgin Blockchain Plans $50 Million IPO
Singapore-based Bgin Blockchain Limited has filed with the U.S. Securities and Exchange Commission for an initial public offering (IPO) expected to raise up to $50 million. The company plans to offer approximately 59.54 million Class A ordinary shares and 15.69 million Class B ordinary shares, seeking to list its Class A shares on Nasdaq under …
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Gold Suppliers Face ‘Unprecedented Demand’ as Large Investors Flock to Precious Metal
Bullionstar, a premier gold dealer based in Singapore, warned about the high demand for large gold ingots and reported tightness in the supply. The firm stated that this behavior is not normal. Gold Demand Rises, ‘Tightness’ in Large Gold Bars’ Market The demand for gold has kept growing in world markets, and now even institutional …
Hong Kong-Listed HK Asia Holdings Increases Its Bitcoin Investment to 8.88 BTC
HK Asia Holdings Limited has announced a further investment in bitcoin, purchasing approximately 7.88 BTC for around $761,000 on February 20, 2025. This decision follows a previous investment disclosed on February 16, 2025, and brings the company’s total Bitcoin holdings to approximately 8.88 BTC, with an average cost of about $97,000 per unit. The number …
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Lightchain Nearing the End of Stage 14 Presale – Don’t Miss Out
This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. PRESS RELEASE. The blockchain and AI revolution is here, and it’s called Lightchain AI. With Stage 14 of its presale nearly completed, an unprecedented opportunity is slipping through your fingers. This is your chance …
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China Calls on the US to Stop Weaponizing Trade Issues
Chinese Embassy to the U.S. spokesman Liu Pengyu stated that politicizing and weaponizing trade issues is against the ethos of what the U.S. seeks to champion: fair competition and free trade between China and the U.S. China Complains the US Is Using Trade Issues as a Weapon The weaponization of trade relations by the U.S. …
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Malaysian Prime Minister Discusses Crypto Frameworks During UAE Visit
Malaysian Prime Minister Anwar Ibrahim announced that Malaysia and Bahrain are deepening economic ties, focusing on cryptocurrency, the Sandbox platform, tourism, connectivity, and manufacturing. Bahrain also pledged support for upcoming Asean-GCC summits. Anwar’s visit, at the invitation of Bahrain’s Crown Prince, aims to strengthen bilateral cooperation and benefit both nations’ economies. In early January 2025, …
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Fears of Price Hikes Fuel Bulgarian Euro Protests
Thousands of ultra-nationalist Revival party supporters in Bulgaria clashed with police while attempting to storm an EU mission building in Sofia, protesting the country’s planned euro adoption in 2026. The demonstrators, fearing economic instability and loss of sovereignty, threw projectiles and set fires, resulting in police injuries and arrests. The Bulgarian government condemned the violence, …
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Trader Sees Continuation of Bitcoin Uptrend, Says BTC Bulls Have Declared Demand at $90,000 ‘Time and Time Again’
A closely followed analyst believes Bitcoin (BTC) remains in a strong uptrend despite the growing bearish sentiment on the flagship crypto asset. Pseudonymous analyst Cheds tells his 49,600 YouTube subscribers that he thinks Bitcoin’s uptrend will remain intact as long as BTC respects its immediate support at $90,000. “It’s an uptrend. Price above a rising …
Bybit’s Phantom Hacker Becomes Ethereum’s Shadow Whale by Fragmenting Fortune Across 54 Wallets
In recent days, the cryptocurrency platform Bybit fell victim to a sophisticated cyberattack, hemorrhaging over $1.4 billion in assets purportedly tied to operatives from North Korea. As of this report, the perpetrator controls roughly 449,395.23 ETH—equivalent to nearly $1.26 billion—making them one of Ethereum’s most formidable custodians. Bybit Exploiter Joins Crypto’s Most Wanted List This …
Putin Eyes Western Companies’ Comeback as US-Russia Tensions Shift
As Russia anticipates a possible return of Western corporations, President Vladimir Putin has instructed his cabinet to prioritize domestic firms over foreign businesses seeking to re-enter the market. This move follows economic sanctions imposed after Russia’s 2022 invasion of Ukraine, which led to the departure or downsizing of over 1,800 foreign companies. Recent talks between …
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Trump Claims His 150% Tariff Threat ‘Broke up’ BRICS
Donald Trump claimed his 150% tariff threat made BRICS nations break up over their plan to ditch the U.S. dollar, saying: “We haven’t heard from the BRICS states lately.” Trump’s 150% Tariff Threat Made BRICS Break Up? Here’s What He Claims U.S. President Donald Trump discussed his administration’s efforts to counter BRICS nations’ impact on …
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Czech Central Bank Eyes Bitcoin? Governor Takes Step Toward BTC Reserves
The Czech National Bank is exploring bitcoin’s potential as a reserve asset, with its governor emphasizing the need to adapt to evolving financial markets despite crypto risks. Czech Central Bank Signals Bitcoin Interest—A Step Toward BTC Reserves? Aleš Michl, governor of the Czech National Bank (CNB), renewed discussion on social media platform X last week …
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Grayscale’s XRP ETF Under SEC Review—The Countdown Begins
The SEC’s review of Grayscale’s XRP ETF is officially underway, sparking speculation that a crypto-friendly shift could lead to a groundbreaking approval. SEC Begins Review of Grayscale’s XRP ETF Proposal The Federal Register officially published Grayscale’s XRP exchange-traded fund (ETF) proposal on Feb. 20, 2025, marking the beginning of the U.S. Securities and Exchange Commission’s …
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Robert Kiyosaki: Missing Fort Knox Gold Would Unleash World Chaos, Collapse Economy, Crash US Dollar
Robert Kiyosaki warned that if Fort Knox gold is missing, the U.S. economy could collapse, the dollar would crash, and global chaos could be inevitable. Missing Fort Knox Gold Could Wreck Economy, Destroy Dollar, and Spark Global Turmoil Robert Kiyosaki, author of Rich Dad Poor Dad, raised concerns about the U.S. economy after questioning the …