Bybit suffered a significant security breach last Friday, losing 401K ETH – worth around $1.4 billion – in one of the largest crypto heists in history. The attack has been widely attributed to the North Korea-linked Lazarus Group, a notorious hacking entity responsible for multiple high-profile crypto thefts. Despite the breach, Bybit swiftly replenished its
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Key Takeaways The announcement of new tariffs by Trump caused nearly $900 million in leveraged liquidations in the crypto market. Bitcoin and Ethereum prices dropped significantly, triggering major losses among traders. Share this article Bitcoin’s slide to a multi-week low sparked a $950 million liquidation wave on crypto exchanges. The sell-off followed President Trump’s statement
Aux Cayes FinTech Co. Ltd, the operator behind the cryptocurrency exchange OKX, has pleaded guilty to operating an unlicensed money-transmitting business in violation of U.S. Anti-Money Laundering (AML) laws, agreeing to pay over $500 million in fines and forfeitures. Following an investigation by the U.S. Department of Justice (DOJ), Aux Cayes will pay $84 million
Bitcoin’s price action took a turn for the worse over the past day as the asset plunged below $88,000 for the first time since mid-November. The altcoins have performed even worse over the same period, with massive double-digit price declines from ETH, XRP, DOGE, ADA, LINK, AVAX, and many others. BTC to Multi-Month Low It
Matrixport sees growing risk of deeper decline as Bitcoin slips below key pattern amid low trading activity. Bitcoin (BTC) broke out of an ascending broadening wedge, a typically bearish pattern, with a 6.78% drop that pushed its price down to $87,630 as of press time. In an X post on Feb. 25, Matrixport analysts warn
Key Takeaways Bankman-Fried’s unexpected return to X, after a two-year hiatus, focused on layoffs and corporate challenges. He emphasized that terminations are often not the employee’s fault but sometimes necessary for business needs. Share this article Sam Bankman-Fried, the disgraced former CEO of FTX, has ended his two-year silence on X with a series of
The cryptocurrency market is bracing for a pivotal week as several macroeconomic and industry-specific events are set to unfold between 24 February 2025 and 28 February 2025. From critical Nvidia earnings report to US economic data to legislative hearings on digital assets, these developments could significantly impact the direction of crypto prices and investor sentiment.
XRP drops to $2.2 as market turns bearish. Key Support levels: $2, $1.6 Key Resistance levels: $3, $3.4 1. Bears Return Over the past 24 hours, XRP’s price fell by 8% and approached $2.2. This has turned the momentum bearish, and the price could easily test the key support at $2 in the coming days
The crypto fear and greed index has fallen to 25, the lowest level since September 2024, signaling extreme fear in the market as Bitcoin drops below $93,000. The Fear and Greed Index, provided by software development firm Alternative, measures market sentiment on a scale of 0 (Extreme Fear) to 100 (Extreme Greed). As of Feb.