Bybit CEO describes how hackers launder stolen Ethereum via Bitcoin mixers
Bybit CEO Ben Zhou has explained how hackers are turning to Bitcoin mixers to launder the $1.5 billion in Ethereum stolen from the exchange last month.
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Bybit CEO Ben Zhou has explained how hackers are turning to Bitcoin mixers to launder the $1.5 billion in Ethereum stolen from the exchange last month.
As of March 3, Coinbase had staked 3.84 million ETH—worth about $6.8 billion—on its validators. This move makes Coinbase the “single largest node operator” in the Ethereum network, surpassing staking platform Lido in terms of individual node operator stakes.
XRP (CRYPTO: XRP) is up 8.3% over the last seven days, outperforming other leading cryptocurrencies. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $2.48 $144.3 billion +6.9% +7.9% Bitcoin (CRYPTO: BTC) $85,242.99 $1.69 trillion +1.9% +2.9% Ethereum (CRYPTO: ETH) $1,992.23 $240.4 billion -0.5% +5.2% Trader Notes: In an X post on March 20, crypto trader CrediBULL Crypto highlighted his game plan for XRP.
Ethereum has faced significant challenges this month. It has shed 10% of its value over the past 20 days and currently trades at $2,021.
Despite the outflows, the funds have seen a cumulative net inflow of $2.45 billion since their inception.
Coinbase, one of the biggest crypto exchanges, reportedly sold 12,652 Ethereum (ETH) in the fourth quarter of 2024, according to Standard Chartered's Geoffrey Kendrick. This sale, worth about $25 million at today's prices, has sparked discussions on whether Coinbase is strategically selling ETH for profit rather than holding it long-term.
Ethereum developers have introduced Hoodi, a new test network designed to finalize the upcoming Pectra upgrade. The launch follows unsuccessful trials on Holesky and Sepolia, which encountered configuration issues preventing proper finalization.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices rose modestly on Thursday after Jerome Powell's transitory statement on inflation. BTC price retested the important resistance at $86,000, while ETH rose to $2,000 and XRP price hit $2.5.
Standard Chartered's Geoffrey Kendrick on Thursday warned that activity on Coinbase's (NASDAQ:COIN) Base network is influencing Ethereum (CRYPTO: ETH) price dynamics through indirect selling pressure. What Happened: Kendrick explained that while higher activity on Base boosts ETH demand initially—due to transaction fees being paid in ETH—the profits generated by Base are ultimately converted to U.S. dollars, weighing on ETH's price.
Will Ethereum manage to regain the ground lost against Bitcoin? The market questions the possibilities of a trend reversal.
Coinbase has emerged as the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether (ETH). The post Coinbase Becomes Largest Ethereum Node Operator, Controlling 11.42% of Staked ETH appeared first on Cryptonews.
Coinbase is the largest single-node operator supporting staking activities on the Ethereum network. According to its maiden Validator Performance report, the US-based exchange has staked 3.84 million ETH through 120,000 validators, accounting for 11.42% of the total staked ETH.
Coinbase has become the largest single node operator in the Ethereum network, holding 11.42% of the total staked Ether (ETH), according to a new report by the crypto exchange. The performance update revealed that Coinbase currently has 3.84 million ETH, valued at approximately $6.8 billion, staked across its validators.
It was not long ago that XRP made its way onto the list of assets eligible for use as collateral in perpetual futures trading on Coinbase International Exchange. Now, Cardano (ADA) and Coinbase Wrapped Staked ETH (cbETH) have joined the lineup, marking yet another step in Coinbase's ongoing expansion of supported cryptocurrencies within its derivatives trading ecosystem.
Ethereum price increased by 5% in the last 24 hours. According to social metrics, ETH social engagement and X followers are increasing.
Ethereum continues to dominate the stablecoin market, with USDC and USDT accounting for the majority of the $850 billion in transaction volume recorded last month.
Ethereum faces strong resistance at $2,400 while analysts believe that the cryptocurrency will not fall below $2,000 once again.
Standard Chartered's Geoffrey Kendrick said Base's profits led to Ethereum sales rather than long-term accumulation, a claim dismissed by the crypto exchange.
Ethereum has risen above $2,000 amid increased whale accumulation and bullish technical patterns, though on-chain metrics suggest potential selling pressure ahead.
Will Ethereum regain its lost dominance against Bitcoin? The match is on!
A Coinbase report revealed that the crypto exchange is Ethereum's biggest node operator, having 11.42% of the total staked Ether within the blockchain network. In a performance report, Coinbase said it had 3.84 million Ether (ETH), worth about $6.8 billion, staked to its validators.
After a downfall to $1800, the Ethereum price recovered somewhat. With the FOMC meeting outcome, the entire crypto market witnessed some recovery, including ETH, whose price surged by 7%, reclaiming the crucial $2,000 mark.
Coinbase's Ethereum staking report reveals 120,000 validators and 3.84M ETH staked, with a 99.75% uptime and zero slashing incidents.
The Federal Open Market Committee's (FOMC) decision to keep interest rates unchanged at its March 19 meeting has had a positive effect on crypto markets. Bitcoin (BTC) surged by 3% in the last 24 hours, while Ethereum (ETH) and XRP recorded gains of 3.9% and 7% in the same period, respectively.