Category: crypto

The ByBit crypto exchange was hacked, resulting in the theft of approximately $1.5 billion in Ethereum. The incident involved a sophisticated attack on the exchange’s cold wallet, allowing the attacker to transfer a significant amount of ETH. ByBit is still operational and working with experts to investigate and recover the stolen assets.

The 90-day moving average of altcoin trading volume on centralized exchanges has increased since mid-November, suggesting the start of an altcoin season according to CryptoQuant CEO Ki Young Ju. Altcoin trading volume compared to Bitcoin has risen significantly, indicating the beginning of an alt season. Selective altcoins are expected to soar, with only a few…

Strategy co-founder Michael Saylor suggests the US government acquire up to 20% of Bitcoin’s total supply to strengthen the dollar and offset national debt. State-level efforts to incorporate Bitcoin into public reserves are growing, with over 20 US states exploring Bitcoin reserves. Corporate adoption of Bitcoin as a strategic asset is also on the rise.

Following the LIBRA token controversy, Solana-based launchpad Pump.fun experienced significant decreases in new users, token launches, and fees collected. The number of new users fell by 16.4%, tokens deployed weekly decreased by 26.3%, and fees collected dropped by nearly 32%. The memecoin market cooled off after the LIBRA crash, raising concerns about insider trading and…

A group of US senators, led by Cynthia Lummis, has written a letter to the SEC urging clarification on protocol staking in digital asset ETPs. They argue that excluding staking from ETP filings hinders competitiveness and access to core blockchain functions. The SEC has set a deadline of April 1 to respond.

The Lazarus Group, linked to North Korea, is using a new social engineering tactic to breach crypto firms. They send cryptocurrency to targets to gain trust before deploying malicious code. This method aims to make attackers seem legitimate, increasing the likelihood of victims complying with their requests. Crypto firms must strengthen security measures to prevent…

Pi Network has warned users about fraudulent Pi tokens on decentralized exchanges, stating that unauthorized Pi trading pairs could be part of scams. They recommend avoiding these tokens to prevent financial losses. The network only approves trading on specific centralized exchanges. Reports of fake Pi tokens and a price drop have raised concerns.

Coinbase has reached an agreement with the SEC to dismiss its enforcement case, boosting Bitcoin’s value. CEO Brian Armstrong stated that the SEC overstepped its authority in trying to force delisting of assets. The resolution, with no fines or changes to operations, sets a precedent for future crypto regulation debates.

Former Safemoon CTO Thomas Smith pleaded guilty to charges related to a $200 million fraud scheme tied to the crypto project. He admitted to misleading investors about Safemoon’s liquidity and faces up to 25 years in prison. The SEC also charged Safemoon’s leadership team for fraud and money laundering. Safemoon is undergoing a restructuring and…

At Consensus Hong Kong, Jason Fang introduced the MicroStrategy 2.0 framework for Asia, leveraging structured products for Bitcoin yield. This initiative, supported by Sora Ventures, aims to make institutional-style Bitcoin treasury management accessible to a wider investor base. Metaplanet’s role in the framework highlights the potential impact of integrating structured yield products in treasury management.