Cryptocurrency

The Bybit exploiter managed to launder over 50% of the stolen funds within a week since it exploited the exchange, despite onchain analysts pursuing the identity of the exploiters. 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

The US Congress is reportedly set to consider legislation that would ban the issuance of memecoins like President Donald Trump’s Official Trump (TRUMP) token. House Democrats are preparing to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which would prohibit public officials from profiting from digital assets, California Representative Sam Liccardo told ABC News

XRP (XRP) price has dropped 17% over the last seven days and 27% in the past month, losing several key support levels along the way. This has left market participants wondering whether XRP’s price could drop further in the coming days. XRP/USD daily chart. Source: Cointelegraph/TradingView XRP price levels to watch under $2.40 XRP’s latest

THORChain, a crosschain swap protocol, is experiencing a surge in activity following the $1.4 billion exploit of cryptocurrency exchange Bybit. On Feb. 26, the protocol processed $859.61 million in swaps, marking its highest-ever daily volume, according to data from THORChain Explorer. The momentum continued on Feb. 27, adding $210 million (and counting), pushing total swap

Ripple Labs has signed a strategic partnership with BDACS, a South Korean digital asset custody provider, to support institutional custody for XRP and Ripple USD. The partnership, announced on Feb. 26, will enable BDACS to integrate Ripple Custody, the company’s institutional crypto and digital asset custody solution, to safeguard XRP (XRP), Ripple USD (RLUSD) and

Stablecoins issued by traditional financial institutions may face challenges in gaining significant market adoption, according to Matt Hougan, chief investment officer at Bitwise. “TradFi stablecoins will find it harder than they think to win market share,” Hougan said in an X post on Feb. 26. Hougan referred to the newly announced stablecoin plans by Bank

Litecoin (LTC) has outperformed the broader crypto market vastly in the last 24 hours, rising over 9% to reach $127.85 on Feb. 27. LTC/USD four-hour price chart. Source: TradingView In contrast, the crypto market’s combined valuation has dropped by 3% amid a sour risk-on mood led by underwhelming Nvidia earnings and US President Donald Trump’s

XRP (XRP) price declined by 16.8% between Feb. 23 and Feb. 26, leading to $79 million in leveraged long futures liquidations. Notably, the correction occurred despite a largely positive regulatory outlook and increasing odds of approval for a spot XRP exchange-traded fund (ETF) in the United States. At the same time, open interest in XRP

Litecoin (LTC) demonstrated a V-shaped recovery of 20% after dropping to $106 on Feb. 25. After a brief decline below the 50-day and 100-day exponential moving averages (EMAs), the altcoin has regained a bullish position and is currently outperforming a majority of assets within the crypto market. Litecoin 1-hour chart. Source: Cointelegraph/TradingView Litecoin has “one

Solana (SOL) price is down nearly 9% on the day and is close to trading below $130 for the first time since Sept. 18, 2024. Two key indicators on SOL’s daily chart are on track to complete a bearish crossover, and if this happens, new lows under $100 could be in the cards. The 50-day

Bitcoin (BTC) price dropped into the $85,000 region on Feb. 26, flashing a clear signal that the crypto market is not out of the woods yet. The break below the $90,000 support on Feb. 25 tilted the advantage in favor of the bears. That triggered $937.9 million in outflows from the US spot Bitcoin exchange-traded

Crosschain trading protocol Chainflip is implementing an emergency software upgrade to prevent hackers from moving funds stolen in the $1.4 billion Bybit exploit. The move follows the Feb. 21 Bybit hack, the largest crypto exchange breach in history. Blockchain investigators, analytics firms, crypto exchanges and network protocols have since worked together trying to trace and

Decentralized finance (DeFi) platform Infinex has announced plans to list the top 500 crypto assets and release an updated version of its platform in early 2025. In an interview at Near’s Redacted conference in Bangkok, Thailand, Infinex founder Kain Warwick told Cointelegraph editor Andrew Fenton about the DeFi platform’s plans to list the top 500

Cryptocurrency analytics platform Nansen is expanding its capabilities beyond Ethereum by moving into Bitcoin through a partnership with the Bitcoin layer-2 (L2) network, Bitlayer.  Nansen is debuting Bitcoin (BTC) analytics services by delivering blockchain data analytics to Bitlayer, an L2 network supporting smart contracts and decentralized applications (DApps) on Bitcoin. As the first Bitcoin L2

The Ethereum Name Service (ENS) token rose more than 10% as ENS Labs announced details of its new Ethereum layer-2 solution “Namechain.” Namechain is a purpose-built Ethereum layer-2 solution aimed at scaling blockchain identity by making it easier to register names at reduced costs via rollups, ENS Labs executives said in a presentation at the

Bitcoin has been on a roll this past week, rising above $81,000 on Nov. 10. Some analysts say the rally has just started and has a long way to go. Bitcoin analyst Tuur Demeester said in a post on X that “no rash action is needed, HODLing does the work for you.” Newbie traders may

Ethereum, the second-largest cryptocurrency by market capitalization, hit $3,200 on Nov. 10 — its highest since August — as Bitcoin surpassed $79,000 following Donald Trump’s victory in the United States presidential election. According to CoinMarketCap, the market cap of Ether (ETH) now stands at around $383 billion, up almost 5% in 24 hours, putting it

Top Stories of The Week BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high The world’s largest asset manager, BlackRock, accumulated more than $1 billion of inflows to its Bitcoin exchange-traded fund (ETF) across a record trading day as Bitcoin continued to break all-time highs.  On Nov. 7, BlackRock’s iShares Bitcoin Trust

Cumulative monthly traffic to 20 leading crypto exchanges increased by 8% in October, reflecting heightened investor interest and increasing participation among retail traders heading into the 2024 United States elections. According to data from ICO Analytics, Pump Fun recorded the highest month-over-month increase in percentage terms — with 100% growth in October. BullX followed behind

Ethereum co-founder Vitalik Buterin has introduced “info finance,” a new concept aimed at transforming how information is captured, validated and shared across multiple sectors. In his recent blog post, “From Prediction Markets to Info Finance,” Buterin explores how blockchain technology could help aggregate, organize and distribute insights more effectively. According to Buterin, “Info finance is