Chainflip’s unplanned upgrade strengthens broker-level screening, preventing Bybit hackers from laundering stolen funds through its protocol. Source link
Day: February 25, 2025
LINK Sudden Breakdown Sparks Fears Of Collapse To $12.5 Support Zone
The crypto market is no stranger to turbulence, and Chainlink (LINK) is currently caught in the eye of the storm. As bearish forces tighten their grip, prices are perilously close to testing the crucial $12.5 support level a threshold that could determine its fate in the coming days. Several factors like mounting selling pressure and broader market weakness threaten to derail its recovery prospects. LINK’s recent downturn comes after a period of consolidation, during which the asset struggled to gain upward momentum. Now, with the price breaking down and eyeing…
Bitcoin tumbles under $90K amid ETF sell-off, mounting liquidations
Bitcoin fell below $90,000 for the first time since November 2024 as ETF outflows continued, crypto liquidations surpassed $1.3 billion and US-China trade tensions weighed on investor sentiment. Source link
Chainalysis reveals how Bybit hackers stole $1.4 billion in crypto
Chainalysis said collaborative security efforts across the crypto community have led to freezing $40 million of stolen funds from the Bybit hack. Source link
Bybit repays Bitget’s 40,000 ETH loan after $1.4B hack
Bybit swiftly repaid the 40,000 ETH loan from Bitget, ensuring smooth withdrawals after a $1.4 billion hack attributed to the Lazarus Group. Source link
South Korea sanctions Upbit with a 3-month ban on servicing new clients
Upbit emphasized that the FIU’s sanctions “may be subject to change” through procedures in accordance with relevant regulations. Source link
Bitcoin could be headed for $70K ‘goblin town’ on ETF exodus: Hayes
Large hedge funds playing the ETF arbitrage game are starting to unwind their positions, putting more selling pressure on Bitcoin, says BitMEX co-founder Arthur Hayes. Source link
Metaplanet, El Salvador stack Bitcoin as BTC slides 5% in 10 hours
Bitcoin-stacking Metaplanet bought at $96,185, while El Salvador bought at around $94,050 per Bitcoin. Source link
SEC to axe regional office directors amid DOGE cost cutting: Report
The directors of the Securities and Exchange Commission’s regional offices will reportedly be soon out of a job as the agency looks to cut costs. Source link
Sam Bankman-Fried posts for the first time in 2 years, FTX Token pumps
Former FTX CEO Sam Bankman-Fried said he had not checked his email for the past few hundred days and that being unemployed is a lot less relaxing than it looks. Source link