The cryptocurrency landscape has recently witnessed a significant upheaval as bears have emerged victorious, leading to a notable decline in Bitcoin’s price. This past week, Bitcoin (BTC) plummeted to a staggering low of $82,000, marking one of the steepest drops in recent months. Such a drastic descent is a clear indication of the volatility inherent
In a startling revelation, Bybit recently disclosed that a massive hack amounting to $1.4 billion did not breach its core infrastructure. Instead, the breach can be traced back to a vulnerability in a developer machine associated with Safe, an integrated multi-signature wallet solution. This incident highlights a significant risk within the crypto space, revealing how
In the rapidly evolving world of decentralized finance (DeFi), Jupiter Exchange has emerged as a formidable player, recently claiming the title of the second-highest daily fee earner in the space. Impressively, the exchange generated a staggering $2.73 million in just 24 hours, showcasing not only its innovative strategies but also the growing demand for decentralized
The protracted legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has drawn attention from not only blockchain enthusiasts but also legal experts, financial analysts, and regulators. For over four years, this lawsuit has held the potential to define the regulatory landscape for cryptocurrency, especially concerning the classification of digital
In recent discussions surrounding cryptocurrency regulation, prominent figures like Jeremy Allaire, co-founder of Circle, have underscored the urgent need for formal registration of US dollar-pegged stablecoin issuers. This call to action comes at a critical juncture when the digital asset landscape is evolving rapidly, and lawmakers are beginning to draft new legislation aimed at addressing
In the highly volatile world of cryptocurrency, Bitcoin continues to be a focal point for analysts and investors alike. A recent analysis from crypto expert Kevin Capital sheds light on the substantial liquidations currently shaping the Bitcoin market. According to his observations, there is a staggering $16 billion in potential short liquidations from Bitcoin’s current
On February 26, Bitcoin’s value plummeted to $86,099, marking a startling decline that shed approximately $1.06 billion from the overall cryptocurrency market capitalization. This price dip sent shockwaves through the crypto community, resulting in the liquidation of around 230,000 positions, as reported by Coinglass. Such a significant drop raises concerns about investor confidence and the
Bitcoin has recently experienced a seismic shift in its price, with the cryptocurrency plunging below the $90,000 mark for the first time since November 2024. This significant decline caught many investors off guard, most notably those who had a bullish outlook. The reverberations have stretched across the entire cryptocurrency landscape, triggering fears of a broader
In an alarming turn of events, the U.S. spot Bitcoin exchange-traded fund (ETF) market has experienced an unprecedented exodus of capital, recording its largest single-day outflow of nearly $938 million. This staggering figure occurred on February 25, coinciding with a significant drop in Bitcoin’s price, which fell below the critical threshold of $87,000, marking its
On February 25, Aya Miyaguchi officially transitioned from her role as Executive Director to the President of the Ethereum Foundation (EF)—a shift she had contemplated for a whole year. The announcement comes at a pivotal moment for Ethereum, a platform challenged by market tension and performance debates that have recently ignited discussions among its global