Crypto news

In what is considered now the largest hack within the cryptocurrency industry, Bybit’s hot wallet was compromised when trying to complete a legitimate transfer, and roughly $1.5 billion, mostly in ETH, was stolen by being sent to another address. Aside from the immediate impact on crypto prices, such a notable incident garnered the attention of the community, and now some prominent figures are calling for a rollback of Ethereum’s chain. Hayes, Mow Say Yes Arthur Hayes, the...

TL;DR It’s hard to predict any price movements, especially in the cryptocurrency markets, but two of the most popular AI chatbots – ChatGPT and DeepSeek – outlined their respective perspectives for XRP in 2025. After mentioning the factors that could impact the third-largest digital asset, one of them gave a highly bullish prediction that would send its price within double-digit territory. The Factors Both AI chatbots were pretty straightforward when it came to the factors...

Bitcoin’s gradual price increase that lasted a few consecutive days came to an abrupt end on Friday after Bybit suffered a major hack, and BTC tumbled by over four grand in hours. The altcoins were also hit hard, and some of the biggest losers on a daily scale now include LTC, PEPE, AAVE, MNT, ONDO, APT, and TAO. BTC Stopped at $100K The primary cryptocurrency faced some enhanced volatility at the start of the business week as the bears drove it south on Monday to $95,300 and...

Ripple has been trading with minimal momentum, exhibiting quiet price action above the 100-day moving average. This low-volatility consolidation phase suggests a temporary market equilibrium, likely to persist until a decisive breakout sets the next trend direction. XRP Analysis By Shayan The Daily Chart XRP’s price action has remained stagnant, with minimal volatility as it consolidates above the 100-day moving average at $2.3. This tight trading range, defined by the $2.3...

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 reaching a peak of $4 billion in total value locked (TVL) in mid-December 2024, Base is now struggling with a TVL of $3.2...

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 keep sixty to  seventy prevent in the cold wallets, and I believe this was the amount.”  What Caused The Hack? The breach, first flagged by on-chain...

As the details around perhaps the largest hack in the cryptocurrency industry continue to unravel, BTC’s price has started to crash once again, falling by over four grand since today’s peak. With the altcoins in a similar state, it’s no wonder that the total value of liquidated positions has skyrocketed to over $600 million on a daily scale. Recall the events that took place earlier today when reports emerged about suspicious transfers made from Bybit’s hot wallets. Later on,...

The financial regulator also appears to be easing up or pausing its rafts of ongoing litigation against crypto companies. However, those with imminent deadlines may still be on the table. “I’m told by multiple legal sources that the SEC has been prioritizing cases with imminent court deadlines, which is one explanation for why we haven’t seen pause requests in the Ripple and Kraken cases,” reported Fox Business’s Eleanor Terrett on Feb. 19. Ripple’s next court deadline is...

SEC agrees to dismiss lawsuit against Coinbase, marking a win for crypto. Coinbase urges clear regulations to support innovation and market growth. The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against Coinbase, pending final approval. This victory helps both cryptocurrency supporters and Coinbase the whole exchange company. The SEC authorized Coinbase to become a public company in April 2021 following a formal review of its operations. Although the...

TL;DR Finance expert Gary Cardone sold his XRP positions, citing unclear supply/demand dynamics, skepticism toward the Ripple community, and other reasons. Despite his concerns, the potential approval of a spot XRP ETF in the US and the ongoing Ripple-SEC lawsuit developments, could create significant upside for the asset’s price. ‘Never Follow the Crowd’ The Ripple community comprises millions of investors and is among the strongest in the crypto industry. However, one of...