Bitcoin, the largest cryptocurrency has been stuck in a tight range between $93,000 and $100,000 for nearly the last three weeks, showing no clear direction. Perhaps Crypto analyst CrypNuevo has shared his latest insights, highlighting key levels that could determine Bitcoin's next move. With a key U.S.
The Bybit hack that saw over $1.4 billion siphoned last week had a major impact on the price of Ethereum (ETH). As the only digital currency involved in the attack, the price of Ethereum dropped as low as $2,619 in the past seven days as investors nursed sell-off fears.
The exchange reportedly replenished the Ethereum deficit through a combination of loans, whale deposits, and direct purchases.
Solana's price has dropped below $160 amid concerns over an upcoming $1.77 billion token unlock, decreased network activity, and mounting long liquidations, while PumpFun tests new AMM pools in an attempt to boost trading volume.
Bybit approaches full recovery of its ETH reserves, securing funds through loans, OTC trades, and direct purchases after the recent hack.
In September 2021, El Salvador began its Bitcoin experiment. It adopted Bitcoin as legal tender.
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 US State of Montana saw its House of Representatives reject the idea of a Bitcoin Reserve bill. Several other state governments have ventured into crypto with passing bills on digital assets' investments.
After suffering a $1.4 billion hack, Bybit recovered $700 million worth of Ethereum within 48 hours through OTC deals and loans while implementing a bounty program to retrieve the remaining stolen funds.
The Lazarus group, the main suspect in the historic hacking of Bybit estimated at $1.4 billion, would also be involved in recent memecoin scams on Solana, notably via the Pump.fun platform, according to findings by blockchain investigator ZachXBT.
Bybit's ETH reserves reach nearly 100% after the February 2025 hack.
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.
Bybit exchange has purchased over 100K Ethereum units over the weekend, but the supply of Ether on CEXes has increased in the past few days amid notable fear of further capitulation.
Bybit has officially sealed the $1.5 billion Ethereum gap left by one of the largest crypto heists in history.
US Bitcoin ETFs saw $1.14 billion in outflows over two weeks, the largest since their launch, as trade tensions and monetary policy concerns weighed on investor sentiment.
The market volatility was expected to increase as it heads towards the end of the monthly trade; however, the rise in the volatility has strengthened the bears. Bitcoin yet again slipped below $96,000 but the broader markets continued to remain stable as Ethereum demonstrated strength.
Adam Back, a cypherpunk and Blockstream CEO, has taken to his account on the X social media network to comment on the recent Bybit hack when the exchange lost a mind-blowing $1.4 billion worth of Ethereum.
Georgia's second Bitcoin reserve bill has emerged as a partisan competitor to the previous bill, backed by Democrats. The post Georgia State Pushes Harder for Bitcoin Stockpile, Senate Proposes Second BTC Reserve Bill appeared first on Cryptonews.
The hacker who carried out the biggest heist in cryptocurrency history now holds more Ethereum (CRYPTO: ETH) than the blockchain's creator, Vitalik Buterin. What happened: North Korean state-backed Lazarus Group allegedly pilfered over $1.4 billion worth of ETH tokens after seizing control of the cold wallet of cryptocurrency exchange Bybit.
Bitcoin traders worry over a return to BTC price range lows as market inertia keeps bears in control into the monthly close.
Circle has minted another 250 million USDC on Solana, pushing its 2025 total issuance to 8 billion USDC as demand for regulated stablecoins grows.
Despite the meteoric rise of Bitcoin since its inception, a Wall Street mathematician insists that its journey is only just commencing.
Montana's Bitcoin reserve bill has failed to clear the House of Representatives after lawmakers voted against it during the latest floor session.
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.
A significant portion of inflows into U.S. spot Bitcoin ETFs is driven by short-term trading strategies rather than long-term investments. The post Only 44% of Spot Bitcoin ETF Inflows Aim for the Long Haul: 10x Research appeared first on Cryptonews.
Ether's price is at a critical point following the Bybit exchange hack on Feb. 21, in which over $1.4 billion worth of liquid-staked Ether and other digital assets were stolen.
North Korea's Lazarus Group, the primary suspect behind the $1.4 billion Bybit hack on Feb. 21, has been linked to a series of meme coin scams on Solana's Pump.fun platform.
According to CertiK Alert, there have been some suspicious transfers of funds from unverified contracts on Ethereum.
XRP News: A renowned legal expert has caught the eyes of the crypto market participants with his recent comment on the ongoing XRP vs Bitcoin war. Notably, a flurry of market participants said the debate between the Ripple and BTC community heated up last week.
This week is packed with major economic events that could impact Bitcoin's price and overall market sentiment. With crucial data releases and several Federal Reserve speeches lined up, traders and investors should stay alert for possible market swings.
Crypto exchange Bybit has successfully restored its Ethereum (ETH) reserves. This marked a significant milestone in its recovery from one of the largest heists in crypto history.
Solana price faces bearish pressure after dropping below $160 for the first time since November 2024. This crash has caused speculation about whether SOL could crash to $100, considering the upcoming unlock of nearly $2 billion tokens from the FTX bankruptcy auction.
SOL has plummeted by more than 7% to levels below $160 as investors grow weary of the upcoming FTX 11.2 million Solana unlocking. On Feb. 24, Solana (SOL) took a nosedive, decreasing more than 7% to $158.
Just a few days after the shocking Bybit hack, another suspicious fund movement has been detected in the cryptocurrency ecosystem. According to Certik Alert, no fewer than $49.5 million have been transferred from an unverified Ethereum contract. Last week, in the largest hacking event in the history of the crypto industry, approximately $1.
Hong Kong-based investment holding company HK Asia will buy more Bitcoin after securing board approval to expand its cryptocurrency holdings. According to a Feb.
Bybit, one of the world's largest cryptocurrency exchange, suffered a massive security breach, losing over $1.46 billion in what is now the biggest crypto theft in history. The attack primarily targeted Bybit's Ethereum multi-signature cold wallet, which was used for daily trading operations.
Ethereum prices have shown signs of recovering as Bybit buys back enough ETH to cover its losses.
U.S. spot Bitcoin exchange-traded funds have experienced their second consecutive week of over $500 million in outflows leading up to Feb. 21. According to data from SoSoValue, the 12 spot BTC ETFs recorded $559.
Crypto exchange Bybit, which lost over $1.4 billion in a suspected North Korean hacker attack, says it fully covered the loss within two days. Cryptocurrency exchange Bybit covered its $1.
Bybit has taken a bold step after suffering one of the biggest hacks in crypto history. Following the massive $1.4 billion security breach, the exchange has reportedly purchased $742 million of Ethereum (ETH) to recover from the attack. This has made the ETH price recover by 6% from last week's drop.
HK Asia Holdings Limited has expanded its Bitcoin holdings, purchasing approximately 7.88 BTC for $761,705 on Feb. 20. The post HK Asia Board Approves Bitcoin Investment, Acquires 7.88 BTC for $761,705 appeared first on Cryptonews.
Montana's House of Representatives rejected a bill that would have allowed Bitcoin to be a state reserve asset, due to concerns about taxpayer risk.
The cryptocurrency market has taken a slight dip, with the global market cap falling by 1.16% to $3.14 trillion. Despite the downturn, trading activity has surged, with a 13.33% increase in 24-hour volume, reaching $78.12 billion. The Fear & Greed Index has settled at 40, indicating a neutral sentiment among investors.
Arbitrum's hopes of reinvesting its Ethereum holdings in yield-generating opportunities has hit a hurdle.
SOL put options accounted for most of the block trades that crossed the tape on Deribit last week.
Bybit plans to release an audited proof of reserves report to verify that it has restored its client assets on a one-to-one basis.
Yet another strategic Bitcoin reserve (SBR) bill has been submitted to the Georgia Senate.
Montana's Bitcoin reserve bill failed approval from the House on Feb. 22, with 41 – 59 votes, “largely due to fiscal conservative opposition.” The post Montana House Lawmakers Vote Against Bitcoin Reserve Bill appeared first on Cryptonews.