Ether (ETH) price dropped 5% on Feb. 24, despite reports that crypto exchange Bybit acquired $740 million worth of ETH from the open market. Some traders expected a price rebound after the Feb. 21 hack, anticipating that Bybit’s purchases to cover losses would push prices higher. However, this scenario did not materialize. Source: lookonchain Bybit
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While Bitcoin (BTC) edges closer to its Feb. 3 low of $91,300, Ether (ETH) remains considerably above its $2,080 monthly low. With the Solana ecosystem and (SOL) token taking the brunt of bearish pressure over the past few weeks, one analyst believes that the bullish momentum may swing in Ether’s favor once the dust settles,
Crypto exchange Bybit repaid 40,000 Ether it borrowed from Bitget within three days, after a $1.4 billion hack disrupted the crypto exchange on Feb. 21. Bybit was exploited on Feb. 21 in what has been reported as one of the largest cryptocurrency hacks in history, allegedly orchestrated by North Korea’s Lazarus Group. Despite the attack,
Crosschain trading protocol Chainflip is implementing an emergency software upgrade to prevent hackers from moving funds stolen in the $1.4 billion Bybit exploit. The move follows the Feb. 21 Bybit hack, the largest crypto exchange breach in history. Blockchain investigators, analytics firms, crypto exchanges and network protocols have since worked together trying to trace and
The hacker behind the $1.4 billion Bybit exploit has laundered more than $335 million in digital assets, with investigators continuing to track the movement of stolen funds. Crypto investor sentiment was hit by the largest hack in crypto history on Feb. 21, when Bybit lost over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH
Update, Feb. 26, 3:18 pm UTC: This article has been updated with comments from Judith De Boer, attorney for Alexey Pertsev. The Ethereum Foundation (EF) donated $1.25 million to support the legal defense of Tornado Cash developer Alexey Pertsev, who is preparing to appeal his money laundering conviction in the Netherlands. “Privacy is normal, and
Ethereum-based cryptocurrency wallet MetaMask is expanding its fiat off-ramp services to support 10 additional blockchain networks. The move, in partnership with payments provider Transak, is aimed at simplifying the process of converting digital assets into traditional currency. MetaMask users were previously forced to swap assets into Ether (ETH) tokens before being able to convert them
Bitcoin (BTC) price dropped into the $85,000 region on Feb. 26, flashing a clear signal that the crypto market is not out of the woods yet. The break below the $90,000 support on Feb. 25 tilted the advantage in favor of the bears. That triggered $937.9 million in outflows from the US spot Bitcoin exchange-traded
Litecoin’s (LTC) X social media account was briefly hacked on Jan. 11 by a scammer promoting a fraudulent Litecoin token on the Solana network. “LTC is now in Solana,” the hacker wrote in a now-deleted and grammatically incorrect post, which featured a contract address and a Pump.fun link to the scam token. In an update,
Canary Capital’s recently filed amended S-1 form for its Canary Litecoin exchange-traded fund (ETF) could signal the altcoin may be the next digital asset in the United States to get the crypto ETF treatment, following Bitcoin and Ether in 2024. According to analysts from Bloomberg, the filing from Canary Capital on Jan. 15 seemingly confirmed
The US Securities and Exchange Commission has made a “notable” step toward approving spot Solana exchange-traded funds in the US after acknowledging Grayscale’s amended application — in what analysts say is a first for SOL ETFs. “This is actually newsworthy because the SEC had refused to do this in recent filing attempts for SOL,” Bloomberg
Bloomberg exchange-traded fund (ETF) analysts have tipped a 90% chance that the US securities regulator will approve a spot Litecoin ETF before the end of the year. Bloomberg’s James Seyffart and Eric Balchunas see its chances of being approved in 2025 as higher than other ETFs currently proposed, including a spot XRP (XRP), Solana (SOL)
Bitcoin (BTC) has been quiet over the weekend, indicating that the bulls and the bears are waiting for the next trigger to make their move. Although traders seem uncertain in the near term, analysts remain bullish over the long term. Market analyst Gert van Lagen highlighted that Bitcoin has broken out of a megaphone pattern,
On Feb. 9, Bitcoin (BTC) briefly rallied above $96,500, but the general daily price action has been more of the same sideways range trading as traders await a catalyst to start a trending move. The longer the price remains in a range, the stronger the eventual breakout or breakdown from it. CryptoQuant CEO Ki Young
Daily transactions on the Litecoin network have hit $9.6 billion per day as exchange-traded fund issuers have been making moves to list their proposed Litecoin ETFs in the United States. Litecoin’s (LTC) market capitalization surged by 46% from Feb. 2 to 19, showing increased investor interest, reported Santiment on Feb. 21. It added that part
US securities exchange Nasdaq has requested to list a Grayscale exchange-traded fund (ETF) holding the Polkadot network’s native token, DOT (DOT), filings showed. If approved, the Grayscale Polkadot Trust would add to the asset manager’s expanding suite of publicly traded crypto funds. The filing adds to the litany of applications with the US Securities and Exchange
Bitcoin (BTC) has dropped by as much as 21.40% over a month after establishing a record high of around $109,300. Still, some analysts remain optimistic, anticipating a continuation of the bullish trend in 2025. BTC/USD daily price chart. Source: TradingView Wyckoff reaccumulation model hints at $100K retest The Wyckoff reaccumulation pattern is a technical setup
Bitcoin (BTC) fell to $83,500 on Feb. 26, marking its lowest price since November 2024. This $12,820 drop over three days wiped out over $1 billion in leveraged long positions, based on CoinGlass data. Analysts point to growing fears of a global economic recession as the main driver of this bearish mood. However, pressure from
Solana (SOL) price is down nearly 9% on the day and is close to trading below $130 for the first time since Sept. 18, 2024. Two key indicators on SOL’s daily chart are on track to complete a bearish crossover, and if this happens, new lows under $100 could be in the cards. The 50-day
Litecoin (LTC) demonstrated a V-shaped recovery of 20% after dropping to $106 on Feb. 25. After a brief decline below the 50-day and 100-day exponential moving averages (EMAs), the altcoin has regained a bullish position and is currently outperforming a majority of assets within the crypto market. Litecoin 1-hour chart. Source: Cointelegraph/TradingView Litecoin has “one
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