February 24, 2025 05:32:12 UTC Bybit Bounces Back: Fully Secured Client Funds with 400K+ ETH Bybit CEO Ben announced that the company has completely closed its ETH gap. A new audited Proof of Reserves report is on its way, confirming that client funds are now fully backed 1:1 using a merkle tree.

Gold and Bitcoin have long been compared as alternative assets, yet recent market trends have highlighted a stark divergence between the two. As gold approaches its all-time high of $3,000 per ounce, Bitcoin (BTC) struggles to maintain momentum, remaining stuck below the $100,000 mark for much of February 2025.

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.

A key demand zone has formed just below Bitcoin's current price due to significant buying interest in this particular zone. On-chain data from IntoTheBlock shows that 2.76 million addresses have accumulated 2.1 million BTC at this price, creating a strong support base.

Montana joins North Dakota, Wyoming, and Pennsylvania in halting proposals to include Bitcoin in state reserves.

Bybit has returned to a 1:1 backing of client assets days after being hit by the biggest crypto heist ever.

Shares in HK Asia Holdings Limited nearly doubled after it bought its first Bitcoin a week ago, and now the investment firm just bought another 7 BTC.

Crypto Market Today (February 24): A wave of caution engulfed traders and investors as the week kicked off, primarily as Bitcoin (BTC) price waned back to the $95K level. Moreover, Ethereum (ETH), Solana (SOL), and XRP prices also tanked 1%-5%, mimicking the flagship coin.

Bybit exchange has reportedly purchased 266,700 ETH worth $742 million across two days, according to blockchain analytics firm Lookonchain. The transactions occurred in the days following Bybit's $1.4 billion hack, which has taken the industry by surprise.

Ethereum's Open Intents Framework has gained support from leading Layer 2s, including Arbitrum, Optimism, Scroll, and Polygon.

10x Research's Markus Thielen says the demand for Bitcoin as a long-term asset could be “significantly smaller than the media portrays.”

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Ethereum Foundation lead developer Tim Beiko has dismissed the idea of an Ethereum blockchain rollback following the Bybit crypto exchange hack. In a detailed post on X, Beiko explained why such a proposal is impractical and unfeasible.

Bybit said on Sunday it froze $42.89 million of the hacked funds thanks to the efforts of multiple parties as the cryptocurrency exchange shores up its reserves after the shocking $1.4 billion exploit. What Happened: Bybit announced via X that it was successful in restricting hackers' ability to move the funds, a day after hackers stole over $1.4 billion worth of Ethereum (CRYPTO: ETH) and related tokens.

On February 22, the Montana House of Representatives voted 41-59 against a bill that would have made Bitcoin a state reserve asset. The proposed House Bill No.

Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase.

Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has recently fueled speculation regarding the company's next major Bitcoin acquisition. His cryptic post on social media has led the cryptocurrency community to believe that another large purchase is imminent.

Is Solana slowing down on its promise to be the Ethereum killer?

Bitcoin price failed to gain pace for a move above the $100,000 zone. BTC again declined and is currently consolidating near the $96,000 zone.

Ethereum (ETH) has demonstrated resilience in recent days, rebounding from a sharp drop caused by the Bybit hack, though its price remains down by nearly 18% over the last month. Despite the ongoing volatility, Ethereum's recovery has been supported by renewed buying momentum, as indicated by its Relative Strength Index (RSI) and an increase in whale activity.

Ethereum (ETH) has officially confirmed a death cross, with its 50-day moving average crossing below the 200-day moving average, a bearish signal that typically suggests downward momentum. However, ETH has shown resilience despite this technical formation and a recent $1.4 billion hack on Bybit.

Dogecoin (DOGE) could be heading for a price decline as signs of a death cross emerge on its charts. This bearish pattern occurs when a short-term moving average drops below a long-term one.

Bitcoin is showing strong technical signals of a potential price surge as it trades above key moving averages. The 50-week SMA stands at $74,890, while the 20-week SMA is around $91,070historically reliable support levels in past bull markets.

Bitcoin, the top cryptocurrency, could be on the verge of breaking its all-time high of $108,824 set in January. This isnt just speculationits backed by historical trends.

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.

The price of BTC could be stuck in consolidation for longer than initially anticipated, as the latest on-chain data shows that the Bitcoin Coinbase Premium Index has dropped back beneath zero.

Blockchain analytics firm Lookonchain reports Bybit bought $742 million worth of Ether using two wallet addresses between Feb. 22 and 23.

The statement came shortly after Lookonchain reported Bybit had bought $742 million worth of Ether between Feb. 22 and 23.

North Korean actors have begun laundering at least 10% of the record $1.46 billion theft through anonymous exchange services, Elliptic says.

Bitcoin (BTC), the world's leading cryptocurrency, recently hit its latest all-time high of $108,824 in January 2025. However, as the spring and early summer months approach, BTC may be poised to break that record sooner than anticipated.

Some Arbitrum DAO delegates have criticized the proposal as a missed opportunity for boosting Arbitrum-native protocols.

Montana's House of Representatives voted 41-59 against a bill that could have seen the US state establish a Bitcoin reserve.

As Shiba Inu successfully breaks above a significant resistance level, it is indicating that a potential reversal may be imminent. After struggling under a descending trendline, the meme coin is now making an effort to break out of its bearish trend, giving investors new hope.

The Fidelity Wise Origin Bitcoin Fund (FBTC), iShares Bitcoin Trust (IBIT), and ARK 21Shares Bitcoin ETF will be in the spotlight this week as Bitcoin price either breaks out or breaks down. These funds have remained in a tight range in the past few months as BTC has moved sideways.

The US-based spot Bitcoin ETFs (exchange-traded funds) recorded their second consecutive week of significant outflows over the last five-day trading period. This recent run of disappointing performances reflects the ongoing shift in investor sentiment in the United States.

Bitcoin is trading at $95,700 with an overall market capitalization of $1.89 trillion, a 24-hour trading volume of $13.51 billion, and an intraday price range between $94,805 and $96,684, reflecting a consolidation phase amid mixed technical signals.

Dogecoin is holding firm above major support at $0.22 despite repeated threats to break below in the just concluded week. Amidst these fluctuations, an interesting technical indicator suggests that Dogecoin's long-term rally is still intact.

Ethereum price rallied 8% to reclaim territories just above $2,800 on Sunday, February 23, propelled by speculations that resolutions to the Bybit's 401,346 ETH hack could inadvertently trigger a bullish impact. Ethereum (ETH) rebounds 8% as community anticipates bullish resolution to Bybit hack Ethereum (ETH) suffered a significant setback on Friday as hackers, allegedly linked

The exchange declined to block addresses flagged by Bybit as receiving stolen funds from its recent $1.4 billion hack.

Dogecoin (DOGE), the most well-known cryptocurrency, is facing a critical moment in its price chart as it may be on the verge of a death cross. This technical signal, which has garnered significant attention from traders, suggests that Dogecoin could be headed for a potential price drop in the near future.

Declining risk appetite raises concerns about Ethereum's future, with prolonged stability possibly giving way to stagnation.

Bitcoin (BTC) traded range-bound most of Thursday despite an attempt to rebound over the previous day.

If the US acquires 1 million Bitcoin by 2029, it could offset $21 trillion in debt by 2049 – 18% of total US debt, according to VanEck. The post US Bitcoin Reserve Could Solve the National Debt Crisis – VanEck appeared first on Cryptonews.

In the aftermath of the $1.4 billion cybersecurity breach targeting centralized digital asset platform Bybit, onchain evidence reveals that perpetrators have systematically converted a fraction of the pilfered funds into bitcoin (BTC).

At CPAC 2025, Michael Saylor presented an objective account of how bitcoin is reshaping corporate finance and individual economic sovereignty. Saylor Describes Bitcoin's Unique Principles at CPAC 2025 Earlier this week, Strategy founder Michael Saylor addressed CPAC 2025 with a focus on bitcoin's transformative impact on the financial landscape.

Ethereum (ETH) has shown signs of bullish momentum recently, driven by a significant purchase from the cryptocurrency exchange Bybit. With the asset surging 3.79% in the last 24 hours, many traders are now considering whether Ethereum can fully recover from its recent 17.84% loss over the past week.

Business intelligence firm Strategy, which is known as the leading corporate holder of the flagship cryptocurrency, has updated its profile picture.