Tag: Report

Bybit Exchange Liquidity Returns To Pre-Hack Level: Report

Key Notes Bybit’s Bitcoin liquidity has rebounded to pre-hack levels within a month. Lazarus Group was identified as the attacker behind the $1.5 billion ETH exploit. Institutional orders and new custody partnerships helped restore market depth. Bitcoin liquidity on the crypto exchange Bybit has bounced back to levels last seen before the February security breach that shook the platform. A new report from market research firm Kaiko revealed that the exchange, especially for its Bitcoin trading, has regained a firm footing just weeks after the hack. Liquidity Rebounds After $1.5…

FT report suggests advance knowledge of Melania Trump memecoin launch

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A group of crypto traders reportedly purchased millions of dollars worth of Melania Trump’s memecoins minutes before she announced the launch on social media. According to a May 6 Financial Times report, the crypto traders earned roughly $100 million from buying $2.6 million worth of MELANIA tokens before the public launch on Jan. 19. Shortly after Trump announced the memecoin launch on social media, the price surged from roughly $2.00 to $12.95 — a 550% increase. The traders reportedly sold their holdings within 12 hours. “In total, the 24 accounts…

Bitcoin dominance hits 4-year high as altcoins lose steam: Binance Report

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Crypto markets saw 9.9% gains in April, led by Bitcoin, as tariff pauses boosted sentiment. Bitcoin (BTC) strengthened its dominance even as crypto markets are recovering. On Tuesday, May 6, Binance Research released a report on the state of the crypto markets in April. The report points out that the markets have recovered, gaining 9.9% over the month, largely thanks to pauses on tariffs. Despite the broader recovery, Bitcoin’s dominance has continued its steady rise, a trend ongoing since 2022. Currently, Bitcoin accounts for 63% of the total crypto market…

Kraken Catches North Korean Hacker Posing As ‘Steven Smith’ Applying for Job at Crypto Exchange: Report

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One of the world’s top crypto exchange platforms has reportedly caught a North Korean hacker with a fake identity to apply for a job at the firm. In a report by CBS News, Nick Percoco – the chief security officer at Kraken – says that an individual from North Korea posing as “Steven Smith” attempted to get an IT job at the crypto exchange as a means of stealing money and information. The person, who is on a “Do Not Hire” list, is suspected of working for North Korea’s Kim…

Kidnapped dad of crypto businessman freed from ransom attempt: Report

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The father of an unnamed crypto entrepreneur was freed by police in Paris, France, during a law enforcement raid of the property where the man was held captive for ransom over several days. According to reporting from Le Monde, the May 3 raid resulted in five arrests. Local outlet Le Parisien also said the kidnappers demanded between 5 million and 7 million euros, or up to $7.9 million, to release the captive man. Although the details on the identity of the victims remain scant, likely for security reasons, the crypto…

Maldives to build $9 billion crypto hub to attract investment: Report

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The government of Maldives signed an agreement with MBS Global Investments, a Dubai-based family office, to develop a $9 billion crypto and blockchain hub in Malé, the capital of the South Pacific archipelago nation. According to a report from the Financial Times, the agreement, which was signed on May 4, was done in the hopes of moving the Maldives away from reliance on tourism and fisheries by attracting foreign direct investment into blockchain and Web3 technologies. The project outlines plans for the Maldives International Financial Centre, an 830,000-square-meter facility that…

Report: South Korea to Allow Free Crypto Trading for Non-Profits, Exchanges in June

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Beginning in June, South Korean nonprofit organizations and virtual asset exchanges will be permitted to trade digital assets freely. Exchanges can sell virtual assets under strict regulatory conditions to prevent conflicts of interest and minimize market impact. Promoting a Sound Donation Culture South Korean nonprofit organizations and virtual asset exchanges will be allowed to freely […] Source

eToro eyes US IPO next week following Trump-induced volatility: report

eToro Group Ltd. is preparing to launch its long-delayed U.S. initial public offering as soon as next week, Bloomberg reported, citing people familiar with the matter.  The Israel-based trading platform had paused its IPO plans in early April amid market turmoil triggered by former President Donald Trump’s tariff announcements, which briefly derailed dealmaking activity, Bloomberg reports. The company had filed with the SEC in late March, but “Liberation Day” volatility led eToro to delay the offering. With volatility easing and comparable platforms like Robinhood up over 16% in the past…