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news-imageFebruary 21, 2025

Bitcoin, Ethereum, XRP, Dogecoin See Friday Blues After Massive $1.4 Billion Bybit Hack

Cryptocurrency markets are trading lower on Friday after a $1.4 billion hack on Bybit dragged down the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $95,385.38 -3.1% Ethereum (CRYPTO: ETH) $2,634.96 -4.3% Solana (CRYPTO: SOL) $168.78 -3.5% XRP (CRYPTO: XRP) $2.52 -6.9% Dogecoin (CRYPTO: DOGE) $0.2400 -5.6% Shiba Inu (CRYPTO: SHIB) $0.00001494 -4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 12.3% and daily active addresses growing by 4%.
Publisher: Benzinga
Sentiment: Negative
BTC
DOGE

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February 22, 2025

Ripple vs SEC: Legal Developments and Potential Resolution

Recent developments in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) are raising expectations of a potential resolution. The XRP community has grown optimistic after the SEC's recent moves in similar cases, notably their decision to drop a lawsuit against Coinbase, signaling a possible shift in regulatory stance.

Positive
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February 22, 2025

XRP News: Ripple CEO Reacts to SEC's Decision to Dismiss Coinbase Case

In an X post published yesterday, Coinbase CEO Brian Armstrong claimed that his company had reached an agreement with the US Securities and Exchange Commission to drop the regulator's legal action against the exchange. Armstrong's post has created excitement in the crypto community. Ripple CEO Brad Garlinghouse has responded enthusiastically to the post.

Positive
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February 22, 2025

Utah's Bitcoin Reserve Bill Passes Senate – Only One Vote Left

The race to establish Bitcoin as a state-level strategic reserve asset has taken a decisive step forward in the Beehive State. On February 20, House Bill 230 (HB230), also known as the “Blockchain and Digital Innovation Amendments,” passed the Senate Revenue and Taxation Committee in a 4-2-1 vote.

Negative
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February 22, 2025

XRP Price Prediction: Key Scenarios for February 22

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Positive
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February 22, 2025

Bitcoin's Grip Tightens — CZ Says There's ‘No Escape' From Crypto

A former cryptocurrency exchange executive remarked that Bitcoin is an inescapable reality, a statement that stirred a discussion within the crypto community. The comment made by the former CEO of Binance, Changpeng Zhao, was a reaction to the report that another American state sought to establish a local version of US President Donald Trump's proposed Strategic Bitcoin Reserve.

Positive
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February 22, 2025

Best Buy in 2025: XRP (Ripple), Dogecoin, or Bitcoin?

The total value of all cryptocurrencies in circulation hit a new record high of $3.9 trillion in December, led by surging gains in some of the industry's most popular coins and tokens, like XRP (XRP -3.93%), Dogecoin (DOGE -4.51%), and Bitcoin (BTC -2.11%).

Negative
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February 22, 2025

Here's How the Bybit Hacker Stole $1.5B Worth Ethereum?

The recent Bybit hack of $1.5 billion has raised serious security concerns, with reports confirming the attackers used a highly sophisticated method to drain millions in crypto assets. Crypto analyst David Leung has provided a detailed breakdown of how the attack unfolded, revealing major lapses in Bybit's security.

Negative
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February 22, 2025

Bitcoin Whales' Profits Plummet! Is the Bull Run Losing Steam?

At the start of this month, the price of Bitcoin was around $102,398.17. Since then, the market has experienced a decline of 5.77%. In the previous month, the market witnessed a surge of at least 9.54%. Unsurprisingly, a report suggests that large BTC holders have seen lower realised profits this month compared to January.

Negative
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February 22, 2025

Crypto News Today (Feb 22nd, 2025): Bybit Exploitation Sends Shock Waves to Bitcoin & Ethereum

The cryptocurrency market experienced a downturn following a major security breach at Bybit, where hackers managed to drain $1.4 billion in Ethereum. This has rattled investor confidence, leading to a wave of liquidations worth $566.64 million, per Coinglass data. As a result, the market cap of the business is down 1.86% to $3.17 Trillion.

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