Day: February 28, 2025

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

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 has already laundered over $605 million worth of Ether (ETH), or over 54% of the total stolen funds, according to Lookonchain. The crypto intelligence platform wrote in a Feb. 28 X post: “So far, the…

Bitcoin’s correction may extend to April: Matrixport research

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The current Bitcoin correction may last until March or April before attempting to rally toward previous highs, according to Matrixport analysis. Bitcoin (BTC) 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…

Bitcoin’s $80K Floor Cracks: 28% Plunge Sparks Frenzy as $955M Liquidation Storm Hits Markets

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Bitcoin (BTC) tumbled to an intraday low of $78,197 per coin early Friday, its sharpest descent in months. As of publication, the digital asset hovers listlessly below the $80,000 threshold at $79,875, signaling persistent bearish momentum. Crypto Carnage: Bitcoin Tumbles to Nov. 2024 Lows The leading cryptocurrency has shed 7% against the U.S. dollar today […] Original

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 Whales Buying The Dip: $1.28 Billion Added Below $90,000

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On-chain data shows the large Bitcoin holders are capitalizing on the lower prices as they have switched to accumulating again. Bitcoin Whales Are Now In Net Buying Mode According to data from the market intelligence platform IntoTheBlock, the Large Holders are buying BTC right now. The on-chain indicator of relevance here is the “Large Holders Netflow,” which keeps track of the net amount of the asset that’s entering into or exiting out of the wallets associated with Large Holders. The analytics firm defines ‘Large Holders’ as the entities that are…

Here’s why Bitcoin price correction could last until April

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Bitcoin’s price is expected to stay under pressure until April, with analysts warning a stronger U.S. dollar and shifting market dynamics influencing its trajectory. Bitcoin’s (BTC) price may stay under correction until April, according to a new Matrixport analysis, which ties the drop to global liquidity and macro factors, including a stronger U.S. dollar putting pressure on the cryptocurrency. https://twitter.com/Matrixport_EN/status/1895398440605237550/ Spot Bitcoin exchange-traded funds have seen massive inflows, reaching $39 billion in just 14 months. However, as Wall Street has embraced Bitcoin, the largest cryptocurrency by market capitalization has become…

MORPHO soars after Coinbase listing, but a potential correction may be looming

MORPHO crypto surged up to 20% on Feb. 28 despite a risk-off sentiment in the broader crypto market. However, technical indicators have turned bearish for the altcoin, suggesting a potential pullback is on the horizon. Morpho (MORPHO) soared to an intraday high of $2.44 on Friday, marking a 35% rise from its weekly low and bringing its market cap to nearly $500 million as of press time. The recent price rally was accompanied by a surge in trading activity, with daily trading volume doubling from the previous day to over…

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…

Bitcoin Purchases Confined: IMF Approves $1.4 Billion Credit Facility for El Salvador

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The IMF, which informally approved the deal last year, states that this program aims to boost El Salvador’s finances and growth prospects. However, the Bukele administration must “confine” its bitcoin activities and purchases in return. Done Deal: IMF Greenlights $1.4 Billion Credit, Limits Salvadoran Bitcoin Purchases The International Monetary Fund (IMF) has finally greenlighted a […] Original

Bitcoin’s 60-Day CDD Spikes: A Warning Sign or Buying Opportunity?

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Bitcoin remains under pressure, with its price dropping below $85,000. At the time of writing, Bitcoin is valued at $84,397, representing a 2.4% decline in the past 24 hours and a significant 13.7% drop over the past week. These market conditions have sparked a range of analyses, with various on-chain indicators offering insights into current investor behavior. Bitcoin Latest CDD Spike Could Signal A Market Shift One of the key indicators highlighted recently by a CryptoQuant analyst known as Banker is the Coin Days Destroyed (CDD) metric. According to Banker,…