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CZ Suggests Bybit Halt Withdrawals, Offers Help With $1.5B Hack

Bybit CEO has said that the exchange is solvent and withdrawals remain open.

Published on: February 21, 2025 | Source: CoinDesk favicon CoinDesk

Why The SEC Needs to Allow Staking in Exchange-Traded Products

A bipartisan challenge to the SEC's exclusion of staking from ETPs is an essential step to maintaining America’s competitiveness in the digital asset markets.

Published on: February 21, 2025 | Source: CoinDesk favicon CoinDesk

U.S. Senators Push for SEC to Rethink Crypto Staking in Exchange Funds

The Securities and Exchange Commission blocked staking when crypto exchange-traded funds were granted, but the lawmakers suggest the SEC may have been off-base.

Published on: February 21, 2025 | Source: CoinDesk favicon CoinDesk

Telegram Game 'Farm Frens' Plots Migration to Line After Botched Base Token Airdrop

The developers of Telegram game Farm Frens admitted to a number of issues with the token launch and airdrop on Ethereum layer-2 Base.

Published on: February 21, 2025 | Source: Decrypt favicon Decrypt

Bybit Seeing 'Massive Withdrawals' After $1.4 Billion Ethereum Theft: CEO

Bybit co-founder and CEO Ben Zhou said Friday that the platform is struggling to keep up with withdrawal requests after a $1.4 billion hack.

Published on: February 21, 2025 | Source: Decrypt favicon Decrypt

Stripe, PayPal are β€˜primary catalysts’ for stablecoin growth β€” Polygon Labs

Stablecoins have ballooned into a $230-billion industry, which is equivalent to more than 1% of the US money supply.

Published on: February 21, 2025 | Source: Cointelegraph favicon Cointelegraph

Strategy Founder Michael Saylor Wants US to Buy 20% of the Bitcoin Supply

He warned that not pursuing such a policy be risky, claiming that β€œthere’s only room for one nation-state to buy up 20% of the network.”

Published on: February 21, 2025 | Source: Decrypt favicon Decrypt

ByBit suffers $1.5 billion Ethereum heist in cold wallet breach

The crypto exchangeByBithas been hacked, and roughly $1.5 billion inEthereum (ETH) has beenstolen β€” making this one of the biggest hacks in history. On Feb. 21, the crypto trading platform stated on social media platform X that it detected unauthorized activity involving one of its Ethereum cold wallets. According to the firm: β€œThe incident occurred […] The post ByBit suffers $1.5 billion Ethereum heist in cold wallet...

Published on: February 21, 2025 | Source: CryptoSlate favicon CryptoSlate

Conference Bitcoin Afrique: A Bitcoin-Only Revolution in French-Speaking Africa

Conference Bitcoin Afrique aims to empower the French-speaking Bitcoin community across Africa.

Published on: February 21, 2025 | Source: Bitcoin Magazine favicon Bitcoin Magazine

Costa Rica Makes First Foray Into Crypto with New Bitcoin ETF

It will mark the first time that Costa Ricans will have access to any type of crypto investment product through the country's banking system.

Published on: February 21, 2025 | Source: CoinDesk favicon CoinDesk

Bybit exchange hacked, over $1.4 billion in ETH-related tokens drained

A hacker took control of an ETH cold wallet on the Bybit exchange on Feb. 21, stealing over $1.4 billion in funds in the process.

Published on: February 21, 2025 | Source: Cointelegraph favicon Cointelegraph

Bitcoin, Ether Slump as Crypto Prices Dip on Report of Massive $1.5B Bybit Hack

The move happened as crypto exchange Bybit saw a sudden $1.5 billion worth of ETH outflow.

Published on: February 21, 2025 | Source: CoinDesk favicon CoinDesk

FPPS Is Not A Free Lunch For Bitcoin Miners

A comprehensive deep dive of all the masked and less obvious costs associated with Full Fixed Per Sale (FPPS) payouts, and how those affect miner's profitability and their ability to maximize returns in an increasingly competitive industry.

Published on: February 21, 2025 | Source: Bitcoin Magazine favicon Bitcoin Magazine

BlackRock’s IBIT now accounts for 50% of US spot Bitcoin ETF market with $56 billion AUM

BlackRock’s iShares Bitcoin Trust (IBIT) is the dominant force in the US spot Bitcoin exchange-traded fund (ETF) market, holding half of the 12 products’ total assets under management (AUM). Data from Dune Analytics shows that the spot Bitcoin ETFs collectively manage over $113 billion. IBIT leads the pack with $56 billion in AUM, reflecting strong […] The post BlackRock’s IBIT now accounts for 50% of US spot Bitcoin...

Published on: February 21, 2025 | Source: CryptoSlate favicon CryptoSlate

Bitcoin faces $100K test: Bull trap or 'bonafide' BTC price breakout?

Bitcoin is targeting six figures as a welcome break from rangebound trading continues for BTC price bulls.

Published on: February 21, 2025 | Source: Cointelegraph favicon Cointelegraph

SBF always played both sides of the aisle despite new Republican plea

Bankman-Fried is hoping that he can appeal his case or secure a pardon from President Trump.

Published on: February 21, 2025 | Source: Cointelegraph favicon Cointelegraph

Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms

A portion of staked ether is currently being liquidated on decentralized exchanges.

Published on: February 21, 2025 | Source: CoinDesk favicon CoinDesk

Bitcoin Makes a Move Towards $100K After Coinbase Reveals SEC Dismissal Agreement

Bitcoin jumped to its highest price in more than a week Friday after Coinbase said the SEC will drop its charges, pending approval.

Published on: February 21, 2025 | Source: Decrypt favicon Decrypt

Kanye West’s YZY coin speculation heats up with $11 million in Polymarket bets

Crypto bettors on the decentralized marketplace Polymarket are betting on the possibility that Kanye West, now known as Ye, will launch a crypto token this month. Market odds currently place the chances of such a token at 76%, reflecting a significant surge of nearly 55% in the past 24 hours. This surge follows reports suggesting […] The post Kanye West’s YZY coin speculation heats up with $11 million in Polymarket...

Published on: February 21, 2025 | Source: CryptoSlate favicon CryptoSlate

BlackRock Bitcoin ETF surpasses 50% market share despite 3-day sell-off

BlackRock’s Bitcoin ETF now holds over 50% of the market despite rising outflows, while Bitcoin’s price remains resilient amid industry concerns over price action.

Published on: February 21, 2025 | Source: Cointelegraph favicon Cointelegraph

Bybit Makes Liquidation Data More Transparent Aiming to Lure Institutional Investors

The move is meant to help lure instituional investors and improve market transparency.

Published on: February 21, 2025 | Source: CoinDesk favicon CoinDesk

Blockchain interoperability will accelerate institutional success

Blockchain interoperability is the key that unlocks institutional adoption and success.

Published on: February 21, 2025 | Source: Cointelegraph favicon Cointelegraph

Kraken mulls USD stablecoin as MiCA forces USDT removal: Report

Tether’s USDt remains the top traded cryptocurrency on Kraken as it reportedly explores launching its own stablecoin and has to delist USDt in the European Economic Area.

Published on: February 21, 2025 | Source: Cointelegraph favicon Cointelegraph

FTX creditors in Nigeria, Russia, China, Ukraine and others excluded from reimbursements

Sunil Kavuri, a representative of the FTX Creditors’ group, revealed that the bankrupt crypto exchange is exploring ways to compensate creditors in multiple countries, including Russia, China, Egypt, Nigeria, and Ukraine. According to Kavuri, creditors from these regions are currently excluded from ongoing distributions despite making up a significant portion of FTX’s user base. For […] The post FTX creditors in...

Published on: February 21, 2025 | Source: CryptoSlate favicon CryptoSlate

Sora Ventures announces MicroStrategy 2.0 Bitcoin yield strategy for Asia

Today, at Consensus Hong Kong, Jason Fang announced the MicroStrategy 2.0 framework for Asia. The framework leverages structured products to generate Bitcoin yield, allowing retail investors to enhance performance without the need for private key management. Per Sora Ventures, Fang’s remarks underlined a strategic effort to translate institutional-style Bitcoin treasury management into a model accessible […] The post...

Published on: February 21, 2025 | Source: CryptoSlate favicon CryptoSlate

CoinDesk 20 Performance Update: Litecoin (LTC) Gains 6.8%, Leading Index Higher

Polkadot (DOT) was also among the top performers, rising 4.9% from Thursday.

Published on: February 21, 2025 | Source: CoinDesk favicon CoinDesk

COIN Jumps 5%, HOOD Gains 4%, BTC Challenges $100K as SEC Set to Drop Case Against Coinbase

The agency's withdrawal of the lawsuit could boost crypto prices, marking a milestone in U.S. regulatory oversight for the digital asset industry.

Published on: February 21, 2025 | Source: CoinDesk favicon CoinDesk

Russia Faces Surge in Crypto Crime, Supreme Court Prepares Legislation

Cases where digital currency is the means, income, or object of the crime are on the rise, said the Chairperson of Russia’s Supreme Court.

Published on: February 21, 2025 | Source: Decrypt favicon Decrypt

Coinbase, SEC Reach Agreement to Dismiss Lawsuit

The regulator will vote on whether to approve the agreement next week, with Coinbase CEO Brian Armstrong calling it "hugely vindicating."

Published on: February 21, 2025 | Source: Decrypt favicon Decrypt

SEC agrees to drop enforcement case against Coinbase

The SEC has agreed in principle to dismiss its lawsuit against Coinbase, marking a major legal win for the exchange and a turning point for US crypto regulation.

Published on: February 21, 2025 | Source: Cointelegraph favicon Cointelegraph

Bitcoin price must close week above $97K for 'attack to the ATH' β€” Analysis

Bitcoin may make a run for all-time highs if a key support level holds, new BTC price analysis concludes.

Published on: February 21, 2025 | Source: Cointelegraph favicon Cointelegraph

SEC Dropping Coinbase Case Could Boost Robinhood Stock, Tokens Alleged as Securities

More tokens could be added to exchanges, increasing their trading revenue. This might also open the floodgates to crypto firms' IPOs in the U.S.

Published on: February 21, 2025 | Source: CoinDesk favicon CoinDesk

SEC Poised to Drop Coinbase Lawsuit, Marking Big Moment for U.S. Crypto

The company says the commission will vote on a deal negotiated by staff to abandon the enforcement case at the core of the agency's previous crypto stance.

Published on: February 21, 2025 | Source: CoinDesk favicon CoinDesk

Bybit lifts curtain on liquidation data following underestimated figures

Bybit has made liquidation data public via API, improving transparency for traders after CEO Ben Zhou challenged underreported crypto liquidation figures.

Published on: February 21, 2025 | Source: Cointelegraph favicon Cointelegraph

Ethereum Founder Vitalik Buterin: LIBRA Crash Proves β€˜Education Is So Important’

The Ethereum founder remains optimistic about Argentina’s role in the crypto space, lauding its β€œamazing builders.”

Published on: February 21, 2025 | Source: Decrypt favicon Decrypt