Day: February 21, 2025

Bybit CEO: Withdrawals Open Despite $1.4B Hack

Following the $1.4 billion security breach that drained Bybit’s ETH-related wallets, CEO Ben Zhou has reassured users that withdrawals remain open despite delays caused by network congestion. In a Feb. 21 livestream, Zhou stated that Bybit currently has around 4,000 pending withdrawal transactions but emphasized that the exchange is actively processing requests. “We don’t have […]

Saylor: U.S. Should Buy 20% of Bitcoin Supply

Strategy co-founder Michael Saylor has suggested that the United States could acquire 20% of Bitcoin’s supply “for free”, claiming that owning 4 to 6 million BTC would be enough to eliminate the national debt. Speaking at the annual CPAC conference, Saylor argued that a federal Bitcoin reserve would strengthen the U.S. dollar while preventing rival […]

SEC Drops Lawsuit Against Coinbase

After 18 months of litigation, the U.S. Securities and Exchange Commission (SEC) has agreed to fully dismiss its lawsuit against Coinbase Global Inc. (NASDAQ: COIN) next week. On Friday, Coinbase CEO Brian Armstrong confirmed that the SEC staff had agreed in principle to drop the case, which began in June 2023, with zero fines and […]

Bybit Suffers $1.44B Ethereum Hack Amid Cold Wallet Breach

Cryptocurrency exchange Bybit has confirmed a major security breach, involving its Ethereum (ETH) cold wallet, in an incident that could significantly impact Ethereum’s price action. In a recent post on X (formerly Twitter), Bybit revealed that a “sophisticated attack” occurred during a transfer from its ETH multisig cold wallet to a warm wallet, allowing the […]

Grayscale XRP ETF Filing Advances to SEC Review

Grayscale’s proposed XRP exchange-traded fund (ETF) has officially entered the U.S. Securities and Exchange Commission’s (SEC) Federal Register, moving it one step closer to approval. The Thursday publication has triggered a 21-day public comment period, during which the SEC will evaluate the proposal. The regulator is expected to approve, deny, or extend the review process […]