The controversy surrounding THORChain is growing, as North Korean attackers laundered over 54% of the stolen Bybit funds.

The $1.4 billion Ethereum (CRYPTO: ETH) theft from cryptocurrency exchange Bybit has not only sent shockwaves through the market but also revived a long-standing contentious debate—implementing a hard fork to recover hacked funds. The enormity of the hack, considered the biggest in cryptocurrency history, and the involvement of North Korea's state-backed Lazarus Group have motivated these demands.

TL;DR Market Plunge: Bitcoin and Ether drop below key levels, $80K and $2,100 as tariff uncertainty shakes investor confidence. Tariff Tension: U.S. tariff hikes on imports stoke fears of trade wars, potentially driving inflation and economic slowdowns. Liquidation Wave: Hedge fund sell-offs trigger over $1.34B in crypto liquidations, dragging down overall market cap by 7.25%.

According to the Global Capital Markets analysis team, the Kobeissi Letter, Ethereum (ETH) has shed almost 50% of its value since the end-2024 bull market run that began when President Donald Trump won the US elections. The global crypto market is also down 30% from its 3-month high of $3.895 trillion, according to Coingecko.

Ethereum (ETH) tumbled 10.12% on Friday, marking its steepest one-day drop since February 24. Trading at $2,104.07 by 00:54 (05:54 GMT) on the Investing.com Index, ETHs market cap fell to $255.71 billion, representing 9.66% of the total crypto market.

XRP fell 10.01% to $2.0015 by 01:15 (06:15 GMT) on the Investing.com Index, marking its steepest one-day decline since February 24. The drop reduced XRPs market cap to $116.14 billion, accounting for 4.41% of the total crypto market.

A staggering $5.78 billion in Bitcoin and Ethereum options are expiring today as the crypto market sees heightened volatility and selling pressure today. BTC short-term volatility recently peaked at 90%, while ETH's short-term volatility surged past 100% as panic grips the market amid Trump tariff wars.

Ethereum is crashing hard! ETH is hovering around $2,150, dangerously close to the critical $2,000 support.

Bybit hackers laundered 270,000 ETH, equivalent to approximately $605 million, via THORChain, representing over half of stolen funds. The post Bybit Hacker Launders 270K ETH Via THORChain, Still Holds $514M appeared first on Cryptonews.

Rexas Finance is rapidly gaining traction in the blockchain sector as investors seek new opportunities beyond Ethereum. This altcoin, priced at just $0.20, has already raised over $44.3 million in its presale phase. With strong investor confidence and a unique asset tokenization model, Rexas Finance is set to challenge established cryptocurrencies.

Ethereum whales continue aggressive accumulation with $9.41M in buying volume and 88.89K ETH weekly net inflows, even as price faces technical resistance below $2,350.

Ethereum (ETH) has shed 25% this week as it collapsed from a high of $2,930. The brutal sell-off has pushed ETH price to revisit the $2,000 psychological level.

Bitcoin plunged below $80K, Ethereum hit a one-year low, and over $870M in crypto positions were liquidated as Trump's tariffs shook global markets—here's what comes next for BTC and ETH.

Ethereum (ETH) is facing a crucial moment in its price journey, with its current value hovering near a key support level of $2,345. As the second-largest cryptocurrency by market capitalization, Ethereum's price movements are closely watched by investors, analysts, and traders alike.

This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) The market turned bearish and Ethereum has lost its support at $2,400, falling by 21% in the past seven days.

Bitcoin price continues to drop to its lowest point in months as a result of Trump's recent tariffs announcement.

The crypto market crash has burnt the pockets of investors and traders by a significant extent. This has resulted in the market cap sinking by 6.15% to $2.64 trillion. The fall was mainly catalyzed by Donald Trump's proposed tariffs and the global trade war.

Today, approximately $5.79 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are due to expire.

Ethereum has been experiencing significant downward pressure, as the ongoing bear market intensifies. The cryptocurrency has seen a substantial drop over the past few days, and it now finds itself testing crucial support levels that could determine its next major price movement.

ETH market shows signs of recovery as whales accumulate, net inflows rise, and volatility stabilizes, suggesting a potential bottom.

The Ethereum market value experienced considerable downward pressure by pushing the cryptocurrency toward the important $2,200 support point. The sustained price reduction of Ethereum continues to concern market participants about potential deeper losses or chances to recover previous value.

Jamie Dimon, the CEO of banking heavyweight JPMorgan, has acknowledged the importance of smart contracts-based cryptocurrencies, in stark contrast to his views on Bitcoin (CRYPTO: BTC). What happened: During a CNBC interview in January 2023, the CEO of the world's most valuable banking company stated that cryptocurrencies with embedded smart contracts possess value.

The hacker behind the $1.4 billion Bybit exploit has already laundered more than 50% of the stolen Ethereum, primarily using THORChain to swap ETH for Bitcoin. According to blockchain analytics firm Spot On Chain's Feb.

Crypto prices today (February 28) continue to face severe heat, as indicated by Bitcoin (BTC) price briefly touching a $79K low in the past 24 hours. Simultaneously, Ethereum (ETH) price tanked below the $2,200 level during early Asian hours on Wednesday.

Ethereum price started a fresh decline from the $2,350 resistance zone. ETH is now consolidating losses and might extend losses toward the $2,000 support.

Within a week, the Bybit hacker has laundered more than 50% of the stolen Ethereum worth up to $614 million. In the last 6 days, the hacker has washed 266,309 $ETH approximately worth $614 million.

Bitcoin is on the retreat as investors look elsewhere to park their funds amid concerns over higher inflation under a Trump presidency.

MetaMask head of security, Taylor Monahan, said Lazarus has moved at least 209,384 ETH, over half the ETH stolen from Bybit, into BTC.

Ethereum (ETH) has experienced significant volatility recently, driven by various factors, including macroeconomic pressures and changing market sentiment. At press time, ETH is trading at $2,347, a low not seen since November 2024, as it faces increased outflows from spot ETFs and a bearish market sentiment.

The Ethereum Foundation has announced $2 million in grants for Ethereum-related academic research, with proposals due by March 16, 2025. Ethereum Foundation Launches Third Annual Academic Grants Round The Ethereum Foundation is offering $2 million in grants to support academic research related to Ethereum, with applications accepted until 23:59 AoE on March 16, 2025.

The crypto industry has cozied up to the Republican Party during the most recent election cycle but donated heavily to both parties.

Ethereum is at a critical juncture as its price hovers near a crucial support level. If ETH drops below $2,345, millions of investors could see their holdings turn unprofitable.

Ethereum price movement has gained attention as large investors accumulated 110,000 ETH within the past 72 hours. This accumulation comes at a time when the cryptocurrency market has been experiencing fluctuations, with ETH recently facing a sharp decline.

Cryptocurrency markets are struggling on Thursday as the market-wide downturn continues. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $83,057.97 -0.2% Ethereum (CRYPTO: ETH) $2,268.27 -1.2% Solana (CRYPTO: SOL) $134.86 +2.7% XRP (CRYPTO: XRP) $2.15 -1.3% Dogecoin (CRYPTO: DOGE) $0.2030 +2.3% Shiba Inu (CRYPTO: SHIB) $0.00001430 +2.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 6.6% and daily active addresses falling by 0.7%.

Ethereum (ETH) price has faced a sharp decline, dropping over 15% this week. The coin fell below $2,500 after reports of a major Bybit security breach surfaced.

Ethereum (ETH) has been facing significant market turbulence following a wave of sell-offs by large holders, or “whales.” In just the past week, these whales have offloaded over 440,000 ETH, causing a noticeable dip in Ethereum's price.

Ethereum price has yet to recover from its 20% correction, but investors' choice to pivot away from memecoins and Solana could be ETH's saving grace.

Ethereum developers address Holesky testnet issues during Core Developers Execution Call #206, focusing on recovery strategies and upcoming Sepolia upgrade.

Bitcoin, Ethereum, and other top cryptocurrencies are holding onto their recent losses, while Aptos surged following an ETF filing.

Litecoin (CRYPTO: LTC) has gained 12% over the past month, significantly outperforming Bitcoin, Ethereum and XRP, all of which are down. Traders are now eyeing further upside, especially with the ETF narrative gaining traction.

The Bitcoin price plunged close to $82,000 while recovering to above $86,000, but Ethereum continues to print massive bearish candles. The start of the week was extremely bearish for the second-largest token as it flipped the growth trajectory of the price from bullish to bearish.

After the Holesky testnet failed to finalize on Monday, Ethereum devs are still pushing forward with the next Pectra dress rehearsal, Sepolia, on March 5.

You can click on this news section to read its content. It seems somehow there is no meta tag description available for this news article.

Sui has declined to $2.85 today, but its fundamentals and underlying growth suggest that a strong recovery should be coming soon. The post Sui Sees $2.5 Billion Volume Surge After Price Crash – Next Ethereum or Solana? appeared first on Cryptonews.

Consensys, the firm behind Ethereum software like MetaMask and the Linea network, says the SEC intends to end its case against the company.

BlackRock has deposited 5,100 Bitcoin worth $441.88M and 30,280 $ETH worth $71.85M in a series of transactions into Coinbase Prime. The transactions have sparked liquidation concerns among investors and crypto traders.

Analysts anticipate a possible spike to $6,800 if positive momentum continues as Ethereum lingers close to the crucial $2,500 support barrier. Significant rallies among Ethereum-based tokens, such as the meme coin Pepe (PEPE) and the presale star Mutuum Finance (MUTM), might be triggered by this situation.