Bybit CEO Ben Zhou confirmed in a Friday livestream that the $1.5 billion hack against his crypto exchange lost the firm the vast majority of its customers’ ETH holdings. “I believe it was around seventy percent,” Zhou told viewers, when asked how much was lost relative to the company’s ETH assets under management. “We normally
Meme coins are pure chaos, and Dave Portnoy is thriving in it. Wrong trades, wild flips, and token launches — he’s turning madness into millions. Here’s how. The wrong LIBRA gamble Dave Portnoy has never been one to shy away from the spotlight. From turning Barstool Sports into a media empire to his viral pizza
Key Takeaways The SEC is ending its investigation into OpenSea without filing securities charges. OpenSea had prepared a $5 million legal fund for potential SEC actions against NFT artists and developers. Share this article The US SEC is wrapping up its investigation into OpenSea, the leading marketplace for NFTs, and will not pursue any enforcement
The US Securities and Exchange Commission (SEC) has disbanded its dedicated crypto enforcement task force, replacing it with a smaller cyber unit tasked with overseeing risks across multiple technological sectors. This restructuring was announced under Acting SEC Chairman Mark Uyeda on 20 February 2025. The SEC announced “the creation of the Cyber and Emerging Technologies
Base, the layer-2 network of the largest American crypto exchange, Coinbase, is facing tough times following the chain’s strong entrance into the market over a year ago. Data from the market analytics platform IntoTheBlock shows that the Base ecosystem is under pressure, a challenge driven by the market’s recent dip. Base Ecosystem Under Pressure After
Coinbase announced on Feb. 21 that the U.S. Securities and Exchange Commision is set to dismiss its June 2023 lawsuit against the crypto exchange, a move that analysts at H.C. Wainwright & Co. call a “major win” for the company and broader crypto industry. While final approval from SEC commissions remains pending, Coinbase’s management is
Key Takeaways President Trump is directing trade remedies against digital services taxes impacting US tech companies. The digital tax memo may affect crypto firms by introducing new compliance challenges and tariffs. Share this article Today, President Donald Trump is preparing to sign a memorandum directing the US Trade Representative to develop trade remedies against foreign
So, we’ll start with what’s on everyone’s mind: Are Americans getting a Doge check!? The Doge $5,000 check is shaping up to pump crypto hard. Think 2021 on steroids. Personally, as a fiscally conservative investor, I’ll use that $5k to short $TSLA. Just kidding, I’ll probably use it to invest in more Bitcoin. Musk’s DOGE
Sam Bankman-Fried, the once crypto wunderkind turned convicted fraudster, appears to have found a new investment thesis – hitching his legal fate to the political winds. After years of playing the role of a prolific Democratic donor, the former FTX CEO is now parroting grievances against the Department of Justice, the judiciary, and the very
Somnia, a high-speed, Ethereum-compatible blockchain, launched its Shannon Testnet today as part of its push toward mainnet readiness. Named after information theory pioneer Claude Shannon, the testnet follows DevNet benchmarks exceeding 1 million transactions per second (TPS), offering developers a scalable platform for real-world applications. The Shannon Testnet introduces multiple third-party validators and staking protocols,