The crypto exchange ByBit has been hacked, and roughly $1.5 billion in Ethereum (ETH) has been stolen — making this one of the biggest hacks in history. On Feb. 21, the crypto trading platform stated on social media platform X that it detected unauthorized activity involving one of its Ethereum cold wallets. According to the firm: “The incident occurred …
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BlackRock’s iShares Bitcoin Trust (IBIT) is the dominant force in the US spot Bitcoin exchange-traded fund (ETF) market, holding half of the 12 products’ total assets under management (AUM). Data from Dune Analytics shows that the spot Bitcoin ETFs collectively manage over $113 billion. IBIT leads the pack with $56 billion in AUM, reflecting strong …
Crypto bettors on the decentralized marketplace Polymarket are betting on the possibility that Kanye West, now known as Ye, will launch a crypto token this month. Market odds currently place the chances of such a token at 76%, reflecting a significant surge of nearly 55% in the past 24 hours. This surge follows reports suggesting …
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Sunil Kavuri, a representative of the FTX Creditors’ group, revealed that the bankrupt crypto exchange is exploring ways to compensate creditors in multiple countries, including Russia, China, Egypt, Nigeria, and Ukraine. According to Kavuri, creditors from these regions are currently excluded from ongoing distributions despite making up a significant portion of FTX’s user base. For …
Today, at Consensus Hong Kong, Jason Fang announced the MicroStrategy 2.0 framework for Asia. The framework leverages structured products to generate Bitcoin yield, allowing retail investors to enhance performance without the need for private key management. Per Sora Ventures, Fang’s remarks underlined a strategic effort to translate institutional-style Bitcoin treasury management into a model accessible …
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Former Safemoon Chief Technology Officer (CTO) Thomas Smith has pleaded guilty to charges related to a $200 million fraud scheme tied to the controversial crypto project. On Feb. 20, investigative YouTuber Stephen Findeisen, known as Coffeezilla, reported the development, recalling that he had exposed Safemoon’s fraudulent practices three years ago. At the time, the project …
Coinbase has reached an agreement with SEC staff to dismiss its enforcement case pending final approval from the Commission, pushing Bitcoin back over $99,000. The agreement follows a protracted legal dispute that raised questions about regulatory authority and asset classification. In public statements, Coinbase CEO Brian Armstrong explained that the litigation began when the SEC …
The spot litecoin exchange-traded fund (ETF) run by Canary Capital has been added to the Depository Trust and Clearing Corporation (DTCC) website. While the listing marks progress, it does not secure approval from the U.S. Securities and Exchange Commission (SEC). Canary Capital’s Spot LTC ETF Listed on DTCC Inclusion on the DTCC’s public list streamlines …
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Ethereum faced steep losses Friday after a security breach at Bybit drained an estimated $1.4 billion from the exchange. Ethereum Faces 2.6K Low Following the Hack—Can Recovery Hold? Bybit’s CEO confirmed on Feb. 21, 2025, that the platform lost a large portion of its crypto reserves in the attack, which targeted ETH, mETH and stETH …
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A Fidelity Digital Assets report indicates that Bitcoin’s primary scaling solution is growing at roughly twice the rate shown by public data because much of its network activity remains private. The Lightning Network Is Growing and Institutions Are Taking Notice The total capacity of Bitcoin’s Lightning Network has jumped 384% since 2020 as an increasing …
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On Friday, onchain investigators including Arkham Intelligence and Zachxbt identified an alleged “security incident” involving more than $1 billion in outflows from Bybit. Onchain Experts Report $1B+ Outflow From Bybit in Latest Security Incident The incident saw $1.4 billion in ETH and stETH funds exit the exchange as the assets were quickly moved to new …
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This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. Bitcoin is finally showing signs of life. After trading sideways for a while, Bitcoin is back in the green, hinting at a potential resurgence. Meanwhile, BTC Bull Token, a new Bitcoin rewards token, has …
BTC traded as high as $99,497.97 before retreating, but the dominant digital asset has been gradually edging towards the $100,000 barrier, with bears getting squeezed on shorts to the tune of $128.35 million. Bitcoin Nears $100K But Meets Resistance Bitcoin (BTC) is edging closer to the highly anticipated $100,000 milestone, trading at $99,207.54 at the …
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The Hedera blockchain’s first-ever layer two solution “UP” was announced in October 2024. Polygon protocol Agglayer will now facilitate interoperability between UP and Karate Combat’s official token. Agglayer to Power Karate Combat Token Launch on UP The Karate Combat token (KARATE) which is already available on Hedera and Ethereum is now slated to launch on …
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China, Japan and the UK are dumping billions of dollars in US Treasuries. New numbers from the Treasury Department show the three nations collectively slashed their holdings by $81 billion in December. China unloaded $9.6 billion in Treasuries, reaching its lowest holdings since 2009 at $759 billion. Japan sold off $27.3 billion in bonds, with …
