THORChain token is flashing a bearish signal, forming a bearish flag pattern that suggests further downside even as swap volume surges. THORChain (RUNE) was trading at $1.3050 on Friday, down 82% from its November peak.

Key Points

Supporters of the decentralized exchange Thorchain have pushed back against claims that the protocol is actively aiding North Korea-backed hackers attempting to cash out funds from the Bybit hack.

THORChain's native token has plummeted 20% in the past 24 hours, wiping off recent gains as the rest of the market also bleeds. The price of THORChain (RUNE) changed hands around $1.20, dipping sharply after hitting highs above $1.60.

According to Arkham, Lazarus-linked wallets have moved over $240 million in ETH through THORChain. They primarily swapped it for Bitcoin (BTC).

THORChain developer Pluto announces his departure after a vote to block North Korean hacker-linked transactions was reverted. A validator is also threatening to exit unless the protocol can stop the flow of hacker funds.

A core developer of THORChain has announced their resignation following the reversal of a vote to block transactions linked to North Korean hackers. The post THORChain Developer Resigns After Vote to Block North Korean Hackers Was Reverted appeared first on Cryptonews.

Thorchain faces a critical moment as key developers leave amid concerns over North Korean hackers using the platform to launder stolen cryptocurrency.

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.

THORChain is facing internal turmoil after a developer resigned over a controversial vote to block transactions linked to North Korean hackers.

A THORChain RUNE developer has stepped away from the project after an attempt to block transactions linked to North Korean hackers was reversed.

A THORChain dev has backed out and a validator is threatening to follow as North Korean hackers have reportedly sent $605 million worth of crypto through the protocol.

Thorchain is experiencing a developer exodus, as hackers from Lazarus Group are using the interoperability-focused blockchain to launder Ethereum (ETH) stolen in the Bybit hack. A Thorchain developer known as TCB announced that Pluto, the protocol's unofficial lead developer, is stepping down.

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

THORChain, a cross-chain swap protocol, witnessed a huge uptick in its activity as the party behind the Bybit heist attempted to launder stolen funds through the platform. The Bybit heist now tagged the largest cryptocurrency heist the world has ever seen, happened on February 21, 2025, and saw the exchange lose about $1.

In January, THORChain paused Bitcoin and Ethereum lending to prevent misuse, as part of a $200 million debt restructuring.

The cross-chain swap protocol has seen a massive surge in activity following the $1.4 billion exploit of the crypto exchange. On Feb. 26, THORChain processed $859 million in swaps, its highest-ever daily volume, according to THORChain Explorer.

Bybit's illicit funds laundering has earned THORChain almost $3 billion in trading volume and $3 million in fee revenue.

THORChain, a decentralized crosschain swap protocol, has witnessed a surge in transaction volume following the $1.4 billion exploit of Bybit. The post Crosschain Swap Protocol THORChain Sees Spike in Activity After Bybit Hack appeared first on Cryptonews.

THORChain's swap volume has hit record highs as the Bybit hack laundering frenzy continues.

The price of RUNE, the native token of THORChain, has climbed 19.7% to hit an intraday high of $1.65 today accompanied by a 29.6% increase in trading volume to $1.268 billion.

THORChain (RUNE) decentralized exchange (DEX) volume has shot up a massive 300% in the past seven days alone.

THORChain (RUNE), a decentralized liquidity protocol, has emerged as a noteworthy player in the cryptocurrency market. Built on the Cosmos SDK and Tendermint protocol, THORChain enables cross-chain swaps, empowering users to exchange tokens across different blockchain networks.

Bybit exchange is on a recovery mode as the hackers behind the exploit have laundered $250 million of the funds.

The proposal, however, is not liked by the community, as it currently allocates nothing to native projects on Arbitrum.

Over the past year, AAVE has surged by 177%, becoming the top performing DeFi token.

Trading activity in the crypto market has picked up this week, with the global cryptocurrency market cap rising by 2% over the past seven days.

Lido's customizable staking setup for Ethereum, stVaults, is coming to Northstake, a regulated platform offering compliant staking for institutions. On Feb.

The cryptocurrency market is no stranger to volatility, and February 2025 has proven to be no exception for Lido DAO's native token, LDO. Whale activity, combined with unpredictable price movements, has created a volatile environment for the token, which is now experiencing a consolidation phase after significant fluctuations.

Whale activity in February 2025 influenced LDO's price dynamics.

Lido DAO (LDO), the governance token of the popular liquid staking platform Lido, has shown significant price movement recently, bouncing back from lows around the $1.50 mark. After being in a tight trading range since December, LDO's recovery has caught the attention of many traders, especially after the release of the highly anticipated Lido v3 upgrade.

Dormant circulation metric showed that 90-day holders were happy to HODL LDO.

Lido DAO Token (LDO) price has remained in a tight range in the past few months as investors have focused on meme coins instead of utility tokens. The LDO price was trading at $1.873 on Saturday, up from this month's low of $1.4.

Lido DAO (LDO) has garnered attention in the crypto space for its innovative decentralized finance (DeFi) protocol, providing liquid staking solutions. As we approach 2025, predictions about Lido's future price have been made based on technical analysis and market trends.

DeFi coins on the Ethereum network have retreated this year, aligning with other cryptocurrencies. Some of the top blue-chip DeFi crypto coins on the network may start benefiting from an investment by Ethereum Foundation, which has started to deploy its 50k ETH balance.

PancakeSwap (CAKE), Sonic prev. Fantom (S) and Lido DAO (LDO) are the top gainers among 100 largest cryptocurrencies by market cap. CAKE price has spiked more than 40% in the past 24 hours, while S and LDO have notched +17% and +12% to rank among best performing altcoins today.

At the heart of Lido V3 are “stVaults,” a modular tool that connects stakers, node operators, and protocols. They also optimize fees, risks, and rewards.

Amid the rising volatility, Lido DAO token holds a critical support level. Overcoming nine days of constant sell-off, will this recovery in LDO price revisit $2.38?

Lido DAO (LDO) has been demonstrating promising signs of a rebound after recently testing the lower boundary of its established trading channel. Following a price dip to around $1.60, LDO appears to be setting the stage for a potential uptrend, supported by technical indicators.

LDO's price action showed potential recovery signs as the broader market concurred as of press time.

Lido, a decentralized protocol enabling liquid staking on Ethereum, has released Version 3 (V3) of its infrastructure, centered on stVaults. These modular vaults allow users to customize staking parameters, including validator selection, fee structures, and risk profiles while retaining access to STETH, Lido's liquid staking token.

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TL;DR Lido V3 introduces stVaults, a modular feature that allows users to customize staking strategies on Ethereum, adjusting fees, validators, and risk profiles. This update is specifically designed for institutions, node operators, and asset managers, providing greater control and flexibility. Lido strengthens decentralization and competition among validators, while stVaults enable leveraged staking strategies.

In recent hours, the price of Lido jumped following a significant upgrade. Lido, the leading liquid staking protocol, has launched Lido v3, an update to provide increased flexibility and composability for institutional Ethereum stakers. According to analysts, this upgrade is major step toward Ethereum staking as US awaits staked ETH ETF approval.

Lido, the largest Ethereum staking protocol, is set to revamp the Ethereum staking landscape with the introduction of Lido v3.

The upgraded protocol could bring institutions with the need for compliance and provide operational controls into the staking ecosystem.

Institutional interest in staking has grown since November 2024, when Trump's victory ignited hopes for the first staked Ether ETF.

Lido V3 introduces stVaults, a customizable staking system designed for institutions and more complex investment strategies.