Embattled crypto exchange Bybit experienced a sharp decline in its reserves, shedding over $6 billion in just two days. This mass exodus of funds followed a $1.4 billion exploit on Feb. 21, triggering widespread panic among users. Data from DeFiLlama reveals that Bybit processed $2.5 billion in withdrawals on Feb. 22 and another $3.26 billion […]
A group of US senators, led by Cynthia Lummis, has urged the Securities and Exchange Commission (SEC) to clarify its position on protocol staking in crypto exchange-traded products (ETPs) in a Feb. 20 letter. The lawmakers are seeking answers regarding the exclusion of staking from ETP issuers’ S-1 filings, which they argue impacts the competitiveness […]
Following the controversy around the LIBRA token, Solana-based token launchpad Pump.fun registered significant decreases in weekly values for new users, token launches, and fees collected. According to a Dune Analytics dashboard by user evelyn233, the number of new users onboarded in the launchpad fell 16.4% to 601,516 from 719,524 between Feb. 7 and Feb. 13. This […]
The 90-day moving average of altcoin trading volume on centralized exchanges has risen since mid-November, potentially signaling the start of an altcoin season, according to CryptoQuant. CryptoQuant CEO and founder Ki Young Ju shared data showing the trading volume ratio of altcoins compared to Bitcoin (BTC) rose from 1.77 to 2.77 as of Feb. 20. […]
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Crypto bettors on the decentralized marketplace Polymarket are betting on the possibility that Kanye West, now known as Ye, will launch a crypto token this month. Market odds currently place the chances of such a token at 76%, reflecting a significant surge of nearly 55% in the past 24 hours. This surge follows reports suggesting […]
Cardano founder Charles Hoskinson has outlined a strategy to secure the network in a post-quantum world. In a Feb. 20 broadcast, he emphasized the urgency of adapting blockchain systems as quantum computing advances. Hoskinson’s comments come as he praises Microsoft’s Majorana 1 quantum chip. The Cardano founder said the technology is one of the most […]
Strategy, previously known as MicroStrategy, is pushing ahead with its aggressive Bitcoin accumulation strategy. According to a Feb. 20 statement, the company plans to acquire an additional $2 billion worth of Bitcoin using proceeds from its latest convertible notes offering. At the same time, Japanese firm Metaplanet, a Strategy copycat, has reached a key milestone […]
Coinbase Chief Policy Officer Faryar Shirzad called on the US Congress to pass clear crypto regulations, warning that continued inaction risks pushing innovation overseas and leaving American consumers unprotected. In a policy letter titled Why Congress Must Act: Clarity for Crypto and Consumer Protections, the exchange outlined the urgent need for legislative clarity in the […]
Tether has introduced TradeFi, a new service designed to enhance global trade through innovative financing solutions. On Feb. 19, the company’s CEO, Paolo Ardoino, shared the announcement on X, emphasizing that TradeFi will address the financial needs of modern commerce. TradeFi expands Tether’s growing product portfolio, which already includes stablecoins, asset tokenization, and wallet development […]