Day: February 28, 2025

Ethereum Foundation forms external council to uphold core blockchain values

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The Ethereum Foundation (EF), the nonprofit organization supporting Ethereum’s ecosystem, announced the creation of an external advisory group dedicated to preserving the blockchain network’s core values. On Feb. 28, the foundation introduced the “Silviculture Society,” a collection of individuals from outside the EF. It said the group will provide informal counsel to the EF and tend “to the (dark or otherwise) forests in the infinite garden of Ethereum.” The nonprofit said the group would work to ensure that Ethereum sustains its core values of open source, privacy, security and censorship…

SEC drops 6 cases, memecoin craze cools and more

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The crypto industry has had a memorable month in February, with major policy changes on the horizon and growing Bitcoin adoption globally. A new report this month shows that the Bitcoin network is decentralizing apace. Public companies now account for 35% of global hashrate, and China’s dominance in hashrate has decreased to 14%. In the US, the crypto industry is seeing significant progress on the legal front as the Securities and Exchange Commission (SEC) dropped or paused five major legal proceedings against crypto-related entities.  Not everything is a bed of…

Ethereum nears 2-year low weekly close — Why $2K ETH price must hold

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Ethereum’s native token, Ether (ETH), posted a new yearly low at $2,070, which is also the lowest since Jan. 1, 2024. The second-biggest cryptocurrency dropped 7.40% on Feb. 28, leading to over $200 million in liquidations over the past 24 hours. Ethereum1-day chart. Source: Cointelegraph/TradingView With ETH price now testing two-year lows, 0xLouisT, a crypto investment manager, says that Ether’s social sentiment is “at its lowest in the past 12 months”. Ethereum’s weekly close nears 2-year lows Ether price is down 24.50% in the past seven days, its worst weekly turnover since…

Top German bank DekaBank taps Boerse Stuttgart Digital to power its crypto trading services

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Key Takeaways Boerse Stuttgart Digital is collaborating with DekaBank to provide crypto trading services to institutional clients. DekaBank secured a cryptocurrency custody license from German and European authorities last year. Share this article DekaBank, a major German bank with $395 billion in assets under management, is partnering with Boerse Stuttgart Digital to power its crypto trading services, as shared today by Boerse Stuttgart Group’s digital asset arm. As part of the strategic collaboration, DekaBank is leveraging Boerse Stuttgart Digital’s modular and fully regulated infrastructure for digital assets. The partnership is…

UAE’s proactive regulations fuel real-world asset tokenization boom

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Real-world asset (RWA) tokenization is gaining momentum in the United Arab Emirates (UAE) as industry players position themselves to meet increasing demand for blockchain-based asset trading. RWA tokenization involves minting financial and other tangible assets into blockchain-based tokens, increasing accessibility and liquidity for traditionally illiquid assets. On Feb. 3, onchain RWAs rose to a cumulative all-time high of $17 billion, positioning the sector as a key crypto investment narrative in 2025.  With RWA tokenization on the rise, players in the UAE are seeing more assets tokenized as the region supports…

Bybit hacker launders $605M ETH, over 50% of stolen funds

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The Bybit exploiter managed to launder over 50% of the stolen funds within a week since it hacked the exchange, despite onchain analysts exposing their identity. Centralized crypto exchange Bybit was hacked for over $1.4 billion worth of crypto on Feb. 21, marking the largest hack in crypto history The Bybit exploiter has already laundered over $605 million worth of Ether (ETH), or more than 54% of the total stolen funds, according to Lookonchain. The crypto intelligence platform wrote in a Feb. 28 X post: “So far, the #Bybit hacker…

Bitcoin’s correction may extend to April: Matrixport research

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The current Bitcoin (BTC) correction could last until March or April before attempting to rally toward previous highs, according to Matrixport analysis. Bitcoin fell below $80,000 on Feb. 27 for the first time in a week amid a broader market sell-off driven by escalating global trade tensions. Three major US stock market indexes also suffered losses, with the Nasdaq 100 dropping 7.05% over the past five days, while the S&P 500 and the Dow Jones Industrial Average fell 1.33% each. “Analyzing macroeconomic trends and central bank policies gives us a…

Boerse Stuttgart Digital enables crypto trading at DekaBank

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The digital asset arm of a major German stock exchange, Boerse Stuttgart, is assisting the local investment bank DekaBank in providing cryptocurrency trading services to its institutional clients. Boerse Stuttgart Digital will provide its regulated infrastructure to enable DekaBank to start its crypto offering, which is exclusively aimed at institutional clients, the firm said in an announcement shared with Cointelegraph on Feb. 28. “With our fully regulated brokerage solution, DekaBank can seamlessly provide secure and reliable access to crypto trading,” Boerse Stuttgart Digital said in a statement on its LinkedIn…

Bitcoin needs ‘key’ $75k support to avoid price drop amid macro concerns

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Bitcoin risks more downside if it loses a “key” $75,000 support amid growing concerns over a potential trade war between the United States and China. Bitcoin’s (BTC) price has fallen more than 6.5% during the past 24 hours to sink below a low of $78,197, which was last seen on Nov. 10, 2024, Cointelegraph Markets Pro data shows. Analysts attribute the current decline to macroeconomic concerns related to a potential trade war between the US and China caused by US President Donald Trump’s decision to impose import tariffs. BTC/USD, 1-year…

Pi Network responds to Bybit CEO’s scam allegations

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Pi Network has responded to a controversy triggered by a post from Bybit CEO Ben Zhou challenging the project’s legitimacy and accusing it of being a scam.  On Feb. 20, an X account describing itself as the “unofficial technical team” of Pi Network alleged that the project had rejected a listing offer from the crypto exchange and that Bybit was “losing its position” in the market.  Responding to the provocation, Zhou accused Pi Network of being a “scam,” citing a 2023 report from Chinese authorities warning users of a project…