Author: Yeek.io

In a developing story, the Bybit exchange is suspected to have been hacked for over $1.4 billion. This comes following a report from on-chain sleuth ZachXBT about ETH outflows from the crypto exchange. Bybit Suffer Hack Of Over $1.4 Billion The Bybit exchange appears to have suffered a hack involving over $1.4 billion. Onchain sleuth ZachXBT reported suspicious outflows of over $1.4 billion from the top crypto exchange and listed certain addresses that were receiving these ETH outflows. Meanwhile, the crypto exchange also reported an unauthorized transfer of ETH from its cold wallets due to masked UI spoofing accounts. However,…

Pepe coin has entered a bear market this year after plunging 65% from its all-time high. Pepe (PEPE), the second-biggest Ethereum (ETH) meme coin after Shiba Inu (SHIB), has plunged to the key support at $0.000010. While its decline aligns with the broader crypto sell-off, it is also influenced by Ethereum’s ongoing underperformance. Ethereum, the largest layer-1 blockchain, has lagged behind other major blockchains like Bitcoin and Solana. It has fallen by 5% over the past 12 months, while Bitcoin and Solana have surged by over 70%. Ethereum has also lost market share in several sectors, including decentralized finance, meme…

Quick take: The company also saw an oversubscribed CoinList sale with $15.5 million committed towards the targeted $4 million. The $ 500,000 private token sale on Echo was also oversubscribed, selling out in 11 seconds. The WalletConnect Foundation also conducted a private sale, raising $1.5 million from the company’s long-term supporters and strategic partners. WalletConnect has raised $10 million across four consecutive private token sales. According to the announcement on Friday, the first tranche raised via Bitget’s LaunchX platform reached its $4 million target within two hours with 40,000 investors committing over $170 million. The company also saw an oversubscribed…

Journalist Posted: February 21, 2025 Bitcoin, Ethereum, and Solana Futures faced notable Open Interest declines. The memecoin market suffered a sharp 52% drop in futures activity. The crypto futures market is currently experiencing a noticeable slowdown, with Open Interest (OI) across major assets like Bitcoin [BTC], Ethereum [ETH], and Solana [SOL] taking a significant hit. This cooling trend extends even further into the memecoin space, which has seen a sharper drop in futures activity. As the broader space adjusts to evolving conditions, the decline in OI has raised eyebrows. BTC and ETH: How did the OI drop? Source: Glassnode In…

According to Glassnode’s latest The Week On-Chain report, Bitcoin (BTC) must remain above the Short-Term Holder (STH) cost basis to avoid potential downside risks. Historically, this price level has served as a crucial pivot point between local bull and bear market phases, making it a key area to watch. Bitcoin Must Avoid Sliding Below STH Cost Basis Since the beginning of February, BTC has been trading within a narrow range between $93,000 and $98,000. The leading cryptocurrency by market cap has managed to withstand the impact of several major macroeconomic events, including US President Donald Trump’s proposed trade tariffs. However,…

Este artículo también está disponible en español. Ethereum is preparing for a Pectra update which will revolutionize institutional staking on the blockchain, potentially attracting more investors and becoming more appealing to companies and institutions. We look at 3 ERC-20 coins that could benefit. ETH Holds the Higher Ground The Pectra update news comes as Vitalik Buterin, the co-founder of Ethereum, fields criticism of his banning of gambling on his blockchain. He expressed his disappointment in people’s criticism of Ethereum for not inviting or accommodating casinos. He stressed Ethereum’s goal of creating a better crypto world and his responsibility towards the…

Homepage > News > Business > Binance.US regains access to dollars, Nigeria demands $81.5B Binance’s U.S.-based digital asset exchange has resumed U.S. dollar-based transactions while the dot-com mothership has been hit with an $81.5 billion—yes, with a ‘b’—damages claim by Nigeria’s government. On February 19, Binance.US announced that “USD services are back,” meaning customers can both deposit from/withdraw to their bank accounts, buy tokens via bank transfer (ACH) and trade using a limited (for the moment) number of USD pairs, including BTC, ETH, SOL, DOGE and (naturally) Binance’s in-house BNB token. Binance.US suspended USD deposits in June 2023 and became…

Czech fintech firm BitDCA has integrated Visa and Mastercard support into its upcoming microsaving app, Littlebit, to allow users to invest in Bitcoin through everyday spending. According to a press release shared with crypto.news, the integration will allow users to automatically convert a percentage of their everyday purchases into Bitcoin using existing credit and debit cards.  With this, BitDCA aims to eliminate the need for additional infrastructure or new accounts, allowing users to invest in Bitcoin without disrupting their usual spending habits or having to “switch bank cards, pre-load funds or manually transfer money,” according to Jan Záruba, CEO and…

Rapper Ye is reportedly preparing to launch his own coin called YZY. Rapper Ye, previously known as Kanye West, is launching his own coin YZY to be used as the official currency for his Yeezy clothing brand, according to a Feb. 21 report by Coindesk. CoinDesk obtained the information from an email addressed from Hussein Lalani, who claimed to be the chief financial officer of Yeezy. Lalani sent an unsolicited document outlining the token’s launch and asked CoinDesk to withhold publication under an “embargo.” However, CoinDesk declined the embargo, and the document was later verified by three undisclosed sources close…

The prospects of the SEC approving spot Solana ETF is sparking excitement though analysts project a lengthy journey ahead.  Despite the favorable odds for the US Securities and Exchange Commission (SEC) approving the Solana-based exchange-traded funds (ETFs), analysts consider their debut is uncertain. The ETF analysts attribute potential delay from pending regulatory review, pending enforcement actions and the public commentary on the filings. As such, the ETF gurus consider several matters could change for Solana hopefuls before the ETFs start trading. Bloomberg’s ETF analyst Eric Balchunas reflects on the recent development as the regulator failed to issue an outright…