Bybit's near $300 million Ether buy may contribute to a potential rally above the $3,000 psychological mark.
Ethereum (ETH) has shown signs of recovery after a sharp decline caused by the Bybit hack, which impacted its price. Despite this bounce back, ETH is still down nearly 18% over the past 30 days, reflecting continued volatility.
Cryptocurrency firm Bybit has restored nearly half of its Ether (ETH) reserves after a massive crypto hack that rattled the global Web3 industry.
Ethereum's price action has been volatile in recent weeks, but the asset encountered a significant resistance zone. With strong selling pressure likely at this level, a rejection followed by a short-term decline appears probable.
Bybit CEO Ben Zhou has pledged to pursue all possible avenues to recover the funds stolen during the recent hack linked to the Lazarus Group. The post Bybit CEO Vows to Recover Stolen Funds, Discusses Possibility of Ethereum Blockchain Rollout appeared first on Cryptonews.
A death cross, when the 50-day moving average crosses below the 200-day moving average, has been formally confirmed by Ethereum. The indicator could be a herald of progressing pressure on the market, pushing Ethereum even lower.
Tim Beiko, one of Ethereum's lead developers, has clarified that the blockchain cannot be rolled back following the devastating $1.4 billion hack that took place Friday.
According to data provided by crypto analytics platform CryptoQuant, Bybit's Ethereum (ETH) reserves are in the process of recovering.
Bitcoin advocate Samson Mow says Ethereum should undergo a hard fork after North Korean hackers stole a staggering $1.4 billion in ETH and stETH by exploiting crypto exchange Bybit.
Can white-hat hackers outsmart the Lazarus Group and recover stolen ETH?
Bybit also received $390 million worth of emergency transfers from other crypto exchanges.
Ethereum (ETH) has faced a turbulent period in recent weeks, with its price showing some signs of consolidation around the $2.6k mark in February. While this has raised hopes of a recovery, on-chain metrics indicate that strong selling pressure could limit Ethereum's potential upside, and there may even be a deeper drop on the horizon.
The altcoin market took a severe hit last weekend with a $1.5 billion hack on the Bybit exchange, causing a sharp decline in several altcoins. However, traders are now bullish about a strong recovery in altcoin prices, following Bitcoin's surge toward the $100K mark.
Ethereum core developer Tim Beiko has cautioned against any potential move to roll back the Ethereum network.
According to the latest report from CryptoQuant, Bybit ETH reserves are gradually recovering after a significant decline caused by a hack. The incident led to a sharp drop in Bybit's ETH reserves, falling from 443,691 ETH to a low of 63,807 ETH.
Ethereum's (ETH) market has been rocked by a major hack on the Bybit exchange, which saw over 405,000 ETH, valued at roughly $1.1 billion, stolen from the platform. Despite the market jitters caused by this breach, Ethereum whales—large holders of ETH—have been aggressively accumulating the cryptocurrency, purchasing an astounding 140,000 ETH in just a single day.
From Bitcoin's price recovery near $100K to groundbreaking developments in ETF transparency and significant market events, the crypto landscape continues to evolve with notable shifts in industry dynamics.
Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.”
Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.”
Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange's cold wallet, an offline storage system, to steal the exchange's assets, primarily Ether.
Metrics showed that there was a chance of a deeper Ethereum price drop towards $2.1k.
Ethereum (ETH) appears to be positioning itself for a significant market move, but the question remains: In which direction will it go? Recent market developments, including major shifts in Ethereum's exchange netflows and changes in its Futures Open Interest, have raised discussions about the token's potential for recovery.
Tim Beiko, an Ethereum Foundation lead developer, has broken the silence on the proposed plan to rollback the ETH network. In what he categorized as the ELI5 explainer to non-technical community members, Beiko explained why a rollback is impossible.
The Ethereum price appeared to be finally gearing for a strong bullish breakout after multiple weeks of disappointing and sluggish action. However, this bullish dream ended almost immediately after it started as nearly $1.5 billion worth of ETH tokens were drained from the ByBit exchange.
Following the Lazarus hack, an online debate erupted about potentially rolling back the Ethereum blockchain to invalidate the stolen funds.
PEPE price surged 6%, defying market turmoil after Bybit's $1.4 billion hack—could this be the start of a major rebound? PEPE rebounds 6% as traders bet on Ethereum gains from Bybit Hack PEPE suffered considerable losses on Friday, mirroring the $75 billion crypto market capitulation in the aftermath of the Bybit hack.
The non-fungible token (NFT) market exhibited a noticeable resurgence in transactional activity from Feb. 15 to 22, with digital collectible purchases climbing 11.60% above the preceding week's totals. NFTs Rebound: 64% Buyer Spike and 49% Seller Expansion Figures from cryptoslam.io indicate $148.18 million in NFT exchanges during this period, alongside a 64.
Ethereum's market is at a crossroads after whales scooped up 140K ETH in a single day.
Call for "roll back" by some, to negate Bybit hack, immediately provoked a fierce reaction from the Ethereum community, which was firm in its belief that it wouldn't happen.
Crypto trader Ali Martinez has made a bull case for Ethereum if it slumps below $2,500 following mixed signals. The digital asset market has seen weeks of low sentiment and plunging altcoin prices.
Bitcoin has experienced a quiet week, with price action stuck in a narrow range between $95K and $100K. Bulls have struggled to reclaim the $100K mark, while bears have failed to break the $95K support, leading to uncertainty about the next major move.
As Bybit picks up the pieces from its jarring security breach, the Ethereum (ETF) community has been buzzing with speculation over the network's future. One side of the divide makes a case for a blockchain rollback designed to eliminate malicious transactions, while the purists argue that the move will “kill” Ethereum's credibility.
In 2024, BTC and niche tokens like SUPER outperformed, while ETH and ADA led the pack for unrealized losses, according to CoinLedger.
Financial markets are full of analogies and historical models that analysts scrutinize closely to anticipate trends. In the crypto universe, the history of Bitcoin often serves as a compass for understanding the evolution of other major assets.
After a $1.4 billion Ethereum (ETH) heist on Bybit on February 21, 2025, the exchange began buying ETH, as reported by crypto intelligence firm Arkham.
ETH may be repositioning itself for a major market move. In which direction though?
Following the massive Bybit hack on Feb 21, 2025, in which hackers stole about $1.4 billion worth of ethereum (ETH) from the exchange's cold wallet, a contentious debate has emerged within the crypto community regarding whether to roll back the Ethereum blockchain to reverse the theft. Ethereum's 2025 Crisis: Reverse $1.
The Ethereum price dropped from $2,840 to $2,620 after the Bybit hack. However, the crypto exchange appears stable and is gradually recovering from the shock.
The rise comes amid reports that Bybit has allocated 100 million USDT to a new wallet to buy the cryptocurrency.
Arthur Heyes suggests rolling back the Ethereum network to reverse the Bybit hack. Community opposes the idea as it could impact the entire Ethereum ecosystem and its interlinked systems.
Ethereum emerged top of the real-world assets table as the total value of assets under management grew by 10% in the past 30 days to $4.1B. Ethereum's RWA market share also went up 3.39% to 54.5% as the number of RWA holders in the ecosystem increased 3.05% to 62.28K.
Crypto exchange Bybit is offering up to $140 million for help recovering the $1.4 billion in Ethereum swiped in Friday's exchange hack.
OpenSea CEO Devin Finzer said late Friday that the SEC is ending its investigation, as the regulator shifts course under President Trump.
According to data provided by CryptoQuant, the total supply of Ripple's US dollar-pegged stablecoin RLUSD has now reached $120 million. This has been called a “huge milestone” given that RLUSD is a highly regulated stablecoin.
The Bybit hack has caused Ethereum price to drop and now trading around the $2.7K range. ETH's daily trading volume has surged by over 103%.
Ethereum's native token, Ether (ETH), has rallied over 12% since slumping to $2,460 on Feb. 3, following the crypto market's drawdown. While most altcoins have struggled to master meaningful recovery, ETH has received plaudits for its bullish outlook.
Ethereum drops 7% after Bybit hack, recovering to $2,735. Can ETH break above $2,795 resistance? Key support at $2,643. Rollback debate intensifies. The post Ethereum Faces 7% Drop After Bybit Hack: Can Recovery Hold? appeared first on Cryptonews.
FTX Token (FTT) has undergone a tumultuous journey in recent years, with its dramatic fall in 2022 and a low point in 2023. However, after showing signs of recovery in 2024, many investors are eager to know if FTX Token can regain its former glory.