Dubai Approves USDC and EURC as First Stablecoins Under Token Regulations
The Dubai Financial Services Authority (DFSA) has granted official recognition to Circle’s stablecoins, USD Coin (USDC) and EURC, under its crypto regulatory framework. This marks the first time stablecoins have been approved under the regime. With this approval, businesses operating within the Dubai International Financial Centre (DIFC) can now integrate USDC and EURC into various […]
Strategy Acquires 20,356 Bitcoin for Nearly $2B, Closing in on 500K BTC Holdings
Strategy has expanded its Bitcoin portfolio by purchasing an additional 20,356 BTC for approximately $1.99 billion, further solidifying its position as the largest corporate Bitcoin holder. Formerly known as MicroStrategy, the company led by Michael Saylor secured the latest acquisition at an average price of $97,514 per BTC. This brings Strategy’s total Bitcoin reserves to […]
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 […]