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news-imageFebruary 22, 2025

Crypto Market Today (Feb-22): BTC, ETH Drop As $566M Liquidated Amid Bybit Hack

Crypto market today (February 22): Bitcoin (BTC), Ethereum (ETH), and other altcoins reflect an alarmingly waning price action as the week comes to a close. Primarily against Bybit's recent $1.4 billion hack, over $566 million was liquidated across the broader market in the last 24 hours.
Publisher: Coingape
Sentiment: Negative
BTC
ETH

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cover-imageThe Currency Analytics
February 22, 2025

North Korean Hackers Steal $1.46B in Ethereum from Bybit

Bybit, one of the leading cryptocurrency exchanges, has fallen victim to a massive hack, resulting in the theft of $1.46 billion worth of Ethereum and other ERC-20 tokens. This cyberattack, which targeted Bybit's cold wallet, has been linked to the notorious North Korean hacking group, Lazarus.

Positive
cover-imageThe Currency Analytics
February 22, 2025

XRP Outperforms Ethereum in 1-Year Investment Return

In the ever-volatile world of cryptocurrency, performance fluctuations are common, and recent market trends have once again brought to light the stark contrast between two prominent digital assets: XRP and Ethereum (ETH). A recent observation from crypto influencer Da Sheriff Crypto highlights the contrasting performances of these two tokens over the past year, showing XRP's substantial gains while Ethereum has faced a decline.

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cover-imageBitcoinist
February 22, 2025

Trump Appoints Bitcoin Proponent As New FBI Chief – Details

United States President Donald Trump's latest appointment, a close ally, has officially been confirmed as the new FBI Director. The confirmation of Kash Patel comes with significant controversy, not just for his past criticisms of the agency but also for his personal investments in Bitcoin and cryptocurrency-related stocks.

Positive
cover-imageBitcoinist
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.

Positive
cover-imageNewsBTC
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.

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