Month: February 2025

A number of recent economic reports revealed cracks in the US economy’s resilience last week, with the lowest service-sector PMI reading in over two years. This week will see key GDP and PCE inflation data released which could rattle markets even further. “PCE inflation will be the final piece...

Crypto-focused neobank Infini has reportedly suffered a $49.5 million exploit, with stolen funds being swapped to DAI and used to purchase ETH. CertiK first flagged suspicious activity on Feb. 24 at 3:18 am UTC, noting unauthorized transfers from an Infini-related…...

Deribit’s options market for Solana’s SOL token has become active, with whales engaging in bearish bets as the token’s price continues to decline ahead of an impending multi-billion dollar unlock. Last week, SOL block trades totaling $32.39 million in notional value crossed the tape on Deribit, representing nearly 25%...

The cryptocurrency market encountered headwinds last week, although a few under-the-radar coins notched up significant gains.  What happened: IP, the native token of Layer-1 blockchain Story, powered above the rest of the market with a whopping 138% jump last week.  Launched just 10 days ago, the token spawned a...

Join Guy and Nic as they dive into the biggest crypto headlines of the week! In this livestream, they’ll unpack the latest developments on the massive Bybit hack, Ethereum’s (ETH) bullish momentum, and the exciting growth behind Sonic blockchain. Plus, they’ll explore the latest moves from Hyperliquid (HYPE), Aptos...

Bybit has returned to a 1:1 backing of client assets and has fully closed the “ether gap” it faced after an unprecedented $1.4 billion hack hit the exchange late Friday. The exchange has received 446,870 ether (ETH), worth $1.23 billion at current prices, through loans, large deposits, and ether...

A key demand zone has formed just below Bitcoin’s current price due to significant buying interest in this particular zone. On-chain data from IntoTheBlock shows that 2.76 million addresses have accumulated 2.1 million BTC at this price, creating a strong support base. This interesting data comes amidst a serious...

Bybit exchange has reportedly purchased 266,700 ETH worth $742 million across two days, according to blockchain analytics firm Lookonchain. The transactions occurred in the days following Bybit’s $1.4 billion hack, which has taken the industry by surprise. A wallet linked…...

Rapper Ye, formerly known as Kanye West, continued to confuse the cryptocurrency community through his erratic social media behavior and mixed signals about his meme coin project. What happened: The controversial hip-hop artist wrote in an X post, “I need my own blockchain” on Sunday,  amid growing speculation about...

Ethereum Foundation lead developer Tim Beiko has dismissed the idea of an Ethereum blockchain rollback following the Bybit crypto exchange hack. In a detailed post on X, Beiko explained why such a proposal is impractical and unfeasible. Ethereum Network Too Interconnected For A Rollback, Beiko Says  On February 21,...