The recent $1.4 billion hack of Bybit, one of the cryptocurrency market’s leading exchanges, revealed severe inadequacies in existing security protocols and highlighted critical lessons for the entire digital finance ecosystem. The hack was confirmed not to have compromised Bybit’s infrastructure; rather, it exploited a vulnerability linked to a compromised developer machine associated with Safe,
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On February 26, 2025, Bitcoin experienced a dramatic decline in its price, plummeting to $86,099. This significant drop erased approximately $1.06 billion from the crypto market capitalization, stirring considerable alarm within the industry. The day saw around 230,000 positions liquidated, a stark indicator of the bearish sentiment prevailing among traders and investors. According to reports
Bitcoin (BTC), the leader of the cryptocurrency market, has been at the forefront of financial discussions lately as analysts unveil important insights about its future movement. Recent data from crypto analyst Kevin Capital highlights an alarming disparity in liquidation volumes within current Bitcoin pricing brackets, revealing a remarkable $16 billion potential in liquidations as the
The cryptocurrency sphere has always demonstrated a penchant for volatility, but the most recent price crash of Bitcoin took many market participants aback, particularly those who maintained bullish stances. The digital currency, a significant player in the crypto market, plummeted from its established comfort zone, notably breaching the crucial $90,000 threshold. As this downturn cascaded
The current landscape of Bitcoin exchange-traded funds (ETFs) in the United States reveals a startling trend: a record-breaking outflow that has now spanned six consecutive days, culminating in a staggering withdrawal of nearly $938 million in a single day. This unprecedented loss in value coincided with Bitcoin’s plunge below the $87,000 mark, marking its lowest
On February 25th, Aya Miyaguchi formally announced her elevation from Executive Director to President of the Ethereum Foundation (EF), a pivotal decision she had contemplated for a year. This announcement did not just mark a change in title; it underscored a critical moment for Ethereum itself. In her statement, Miyaguchi pointed out the tension surrounding
In recent days, the cryptocurrency market has been rocked by one of the most severe downturns in Bitcoin’s trading history. Over a mere 24-hour window, Bitcoin experienced a staggering drop exceeding 10%, translating to a loss of approximately $10,000 per coin. This rapid descent wasn’t isolated; it set off a chain reaction that affected the
Bitcoin (BTC) has been navigating turbulent waters recently, experiencing a significant decline of nearly 13%, leading to alarm among investors and crypto enthusiasts alike. The price deterioration—forging its descent from approximately $99,400 to $86,300—raises questions about the stability of cryptocurrency as a whole and underscores the influence of macroeconomic factors on its valuation. This article
In recent months, the landscape of cryptocurrency exchange-traded funds (ETFs) has seen significant developments, with various companies keen on introducing their offerings to the U.S. market. Among the frontrunners, Grayscale Investments, recognized as the largest digital asset manager globally, has made notable strides. The firm has officially placed an application for a Cardano (ADA) ETF
The cryptocurrency exchange OKX has recently found itself in the spotlight following a monumental settlement with U.S. authorities amounting to over $500 million. This settlement highlights the increasing scrutiny and regulatory pressures faced by crypto exchanges, particularly in the United States. CEO Star Xu’s admission of past compliance failures serves as a critical reminder that
