Coinbase CLO Paul Grewal revealed that the company has submitted a FOIA request to gain a complete understanding of the costs and the individuals involved in the SEC’s actions against crypto, focusing on its Crypto Assets and Cyber Unit. Coinbase Submits FOIA Request to Estimate Costs of War Against Crypto Coinbase, one of the largest […] Source CryptoX Portal
In the midst of escalating trade tensions and economic uncertainties, investors are exploring alternative avenues to safeguard their assets. One such avenue gaining attention is cryptocurrency presales. Unlike established cryptocurrencies that are currently experiencing significant volatility, presales offer a unique opportunity to invest in projects before they hit the mainstream market. This early-stage investment can potentially shield investors from the immediate market fluctuations affecting listed tokens. Here are three noteworthy new crypto presales that have been gaining traction: The Current Crypto Market Landscape Recent developments have sent shockwaves through global markets,…
The week began with bitcoin ETFs experiencing a net outflow of $74 million, while ether ETFs marked their eighth consecutive day of withdrawals, totaling $12 million. Bitcoin and Ether ETFs Continue to See Capital Outflows The crypto exchange-traded funds (ETFs) market commenced the week with continued outflows, as bitcoin ETFs experienced net outflows totaling $74.19 […] Original
The Bybit exploiter has laundered 100% of the stolen funds after staging the biggest hack in crypto history, but some of the funds may still be recoverable by blockchain security experts. On Feb. 21, Bybit was hacked for over $1.4 billion worth of liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and other ERC-20 tokens, resulting in the largest crypto theft in history. The hacker has since moved all 500,000 stolen Ether (ETH), now valued at approximately $1.04 billion, primarily through the decentralized crosschain protocol THORChain, blockchain security firm Lookonchain reported…
THORChain generated more than $5 million in total revenue after the protocol’s asset swap volume hit record highs, driven by the exploiter behind the $1.4 billion Bybit hack. Centralized crypto exchange Bybit was hacked for over $1.4 billion worth of crypto on Feb. 21 in the largest hack in crypto history. The North Korean state-affiliated Lazarus Group, identified as the main suspect by blockchain security firms, continued laundering the stolen funds, using crosschain asset swap protocol THORChain for a significant part of the transfers. Since the exploit, THORChain has processed…
Key Notes The crypto market saw liquidations worth $1.04 billion as Bitcoin dropped from $93K to $82K in the past day. A total of 297,655 traders faced liquidations with the largest one being on Bitfinex, worth $13.40 million. Ali Martinez noted that Bitcoin faces a strong resistance at $97,000 where 2.27 million investors collectively hold 1.64 million BTC. The market-leading digital asset Bitcoin (BTC) has experienced a dramatic 9.90% drop in the past 24 hours, trading at $83,172.87 at the time of writing. The leading cryptocurrency saw a sharp decline…
The Bank of Israel released a preliminary design proposal for the digital Shekel (DS), Israel’s potential central bank digital currency (CBDC), despite no solid intent for an official launch. On March 3, the Bank of Israel’s Steering Committee issued an initial design for an in-house CBDC — outlining its supporting ecosystem, functionality, technical design, regulatory considerations and next steps. The central bank’s committee had previously identified six possible motivations for issuing a digital shekel, which include creating an alternative payment system and infrastructure, lowering costs, improving privacy and supporting the…
Economist Neil Record has criticized the UK’s digital pound initiative, calling it an “ill-fated venture” due to a lack of customer demand. Cash Use Decline British businessman and economist Neil Record has described the United Kingdom’s digital pound initiative as an “ill-fated venture” due to a lack of customer demand. Record argues that the digital […] Source CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin and TRUMP dominate headlines, BitLemons is quietly gaining attention with its revenue-generating GambleFi ecosystem. The cryptocurrency market is evolving rapidly, with Bitcoin (BTC) gaining institutional traction and the Official Trump token (TRUMP) surging on political momentum. But beyond the headlines, a new contender is making waves — BitLemons (BLEM), leveraging the $450b casino industry with a revenue-generating GambleFi ecosystem. While BTC and TRUMP capture attention, BitLemons is…
Tom Lee, Head of Research at Fundstrat, recently spoke with CNBC, suggesting that the broader market may be nearing a bottom, potentially as soon as this week. Lee’s outlook comes amid economic uncertainty as President Trump navigates his first 100 days in office. Several factors are contributing to market volatility, including the Department of Government Expenditure (DOGE) program, which imposes austerity measures that reduce public spending, and the tariff policies creating further uncertainty for businesses and investors. Bitcoin (BTC) has experienced yet another reversal in price, filling in Friday’s CME…