US Bitcoin ETFs See $1.14B in Outflows Over Two Weeks Amid Trade Uncertainty
Bitcoin exchange-traded funds (ETFs) in the US have experienced their largest-ever two-week outflow as investor sentiment weakened due to escalating trade tensions between the US and China. According to data from Sosovalue, spot Bitcoin ETFs saw a net outflow of more than $1.14 billion in the two weeks leading up to Feb. 21. This marks […]
Bybit Hackers Potentially Tied to Solana Memecoin Scams
The infamous Lazarus Group, suspected of orchestrating the massive $1.4 billion Bybit hack, may also be linked to fraudulent Solana memecoin projects, including rug pulls on Pump.fun, according to blockchain investigator ZachXBT. On February 21, Bybit suffered the largest crypto heist in history, losing over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH), […]
Ethereum at a critical point: Can it skyrocket above $3,000?
Ethereum must break through the critical $3,000 psychological level to reverse its two-month downtrend, a move that now depends largely on investor sentiment in the wake of the biggest financial hack in crypto history. The second-largest cryptocurrency has been in a downward trajectory since reaching a high of over $4,100 on Dec. 16, 2024—its highest […]
The approval of an ETF could help Solana overcome its “meme chain” label.
When Solana launched in 2020, co-founder Anatoly Yakovenko envisioned it as a blockchain equivalent to Nasdaq— a hub for onchain financial markets. Fast forward five years, and the activity surrounding Solana has skewed more towards memecoin trading, which resembles the volatility of penny stocks rather than the stability of tech giants like Apple or Nvidia […]
Bybit Exchange Hacked for $1.4B – Withdrawals Still Active but Facing Delays!
Cryptocurrency exchange Bybit has suffered a massive security breach, losing over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and other ERC-20 tokens. The hack was first identified by onchain security analyst ZachXBT, who urged users to blacklist addresses associated with the exploit. Bybit’s co-founder and CEO, Ben Zhou, confirmed the breach, explaining […]
Pi Network’s Token Drops 65% After Mainnet Launch
The PI token from Pi Network saw a dramatic drop of over 65% after the project’s much-anticipated mainnet went live. On February 20, Pi Network revealed the official launch of its “Open Network,” marking the beginning of a phase where users can access centralized exchanges and interact with businesses outside its original ecosystem. Alongside this, […]
The Altcoin Season Has Begun: CryptoQuant CEO
The next altcoin season has begun, according to Ki Young Ju, the CEO of CryptoQuant. He notes that the increased trading volume of altcoins, which is now about 2.7 times higher than Bitcoin’s, signals the start of this cycle. In a February 20 post on X, Young Ju pointed out that “BTC Dominance no longer […]
Strategy to Issue $2B in Convertible Notes for Bitcoin Purchases
Strategy, formerly MicroStrategy, has announced a $2-billion senior convertible note offering to acquire more Bitcoin and support operational expenses. These notes will carry a 0% interest rate and mature on March 1, 2030. Investors will have the option to convert each $1,000 note into 2.3072 shares of Strategy’s Class A common stock at a price […]
Brazil Approves First Spot XRP ETF
Brazil’s securities regulator has given the green light to the country’s first spot XRP exchange-traded fund (ETF) following an 8% surge in the asset’s value over the past 24 hours. The Hashdex Nasdaq XRP Index Fund has received approval from the Comissão de Valores Mobiliários (CVM) and is set to be listed for trading in […]
SEC Launches New Unit to Tackle Crypto Fraud!
The U.S. Securities and Exchange Commission (SEC) unveiled the establishment of a new division on February 20, aimed at tackling cybercrime and fraudulent activities tied to blockchain and cryptocurrencies. Named the “Cyber and Emerging Technologies Unit” (CETU), this group will work to safeguard retail investors from malicious actors in the rapidly advancing tech sector. The […]