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news-imageFebruary 26, 2025

Bybit hack forensics show SafeWallet compromise led to stolen funds

Bybit and the SafeWallet developer confirmed that North Korea's Lazarus Group was behind the attack.
Publisher: Cointelegraph
Sentiment: Negative
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Negative
cover-imageCryptopolitan
February 26, 2025

Meme coin inspired by Fortnite's in-game crypto ‘Dill Bits' plunges over 90%

The popular battle royale game Fortnite recently added fake crypto in-game as a joke to poke fun at the cryptocurrency industry. However, crypto degens took it seriously and launched a meme coin named ‘$DB,' on Solana which soared to a market cap of $4.78 million.

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Positive
cover-imageCrypto Briefing
February 26, 2025

Fluence introduces DePIN pledge to accelerate web3‬ ‭adoption of decentralized infrastructure, backed by‬ ‭leading DePIN firms‬ ‭

The DePIN Pledge could significantly shift the Web3 landscape by reducing reliance on centralized systems, fostering true decentralization. The post Fluence introduces DePIN pledge to accelerate web3‬ ‭adoption of decentralized infrastructure, backed by‬ ‭leading DePIN firms‬ ‭ appeared first on Crypto Briefing.

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Negative
cover-imageCryptonews
February 26, 2025

FTX Bankruptcy Costliest Ever, Nears $1 Billion in Fees: Bloomberg

FTX's bankruptcy has resulted in $950 million in legal and advisory fees, making it one of the most expensive corporate collapses. Despite the costs, most creditors are expected to recover 118% of claims. The post FTX Bankruptcy Costliest Ever, Nears $1 Billion in Fees: Bloomberg appeared first on Cryptonews.

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Positive
cover-imageCryptonews
February 26, 2025

Bank of America CEO Hints at Launching Dollar-Pegged BofA Stablecoins

Bank of America CEO Brian Moynihan signals the financial industry's shift toward the crypto economy, highlighting stablecoins' potential and the balance between digital innovation and traditional banking services. The post Bank of America CEO Hints at Launching Dollar-Pegged BofA Stablecoins appeared first on Cryptonews.

general-iconGeneral
Negative
cover-imageBitcoin
February 26, 2025

Cryptocurrency Markets Reel Under Trade Policy Uncertainty

The altcoin and meme coin sectors incurred significant losses on Feb. 26, 2025, as investor apprehension over former President Donald Trump's proposed EU tariffs sparked a widespread sell-off, with safe coin (SAFE) declining by 8.83%. Altcoins Plummet Amid Trump-EU Tariff Uncertainty Global cryptocurrency market capitalization dropped 3.16% to $2.

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Positive
cover-imageInvezz
February 26, 2025

US House tax committee advances bid to overturn DeFi tax rule

Lawmakers have taken a step toward overturning a tax rule that mandates “custodial brokers” to gather and report user data to the IRS. The measure, which has sparked debate over its potential impact on financial institutions and taxpayers, now awaits a vote in the full House of Representatives.

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Negative
cover-imagePYMNTS
February 26, 2025

$800 Billion Loss Rocks Crypto World as Trump-Driven Excitement Wanes

Global cryptocurrency markets have lost more than $800 billion in recent weeks. As the Financial Times (FT) reported Wednesday (Feb. 26), this rout comes as the enthusiasm within the crypto sector that came with Donald Trump's election victory begins to fade.

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Negative
cover-imageCryptoSlate
February 26, 2025

Bybit exploit tied to Safe developer machine vulnerability

Bybit revealed that the recent $1.4 billion hack did not compromise its infrastructure and was caused by a vulnerability in a Safe developer machine. According to the exchange's initial forensic report, the attack was executed through Safe's AWS S3 bucket, allowing bad actors to manipulate the wallet front end.

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Positive
cover-imageThe Daily Hodl
February 26, 2025

Bank of America Planning To Launch Its Own Stablecoin, According to CEO Brian Moynihan

Bank of America, one of the largest financial institutions in the US, is planning to launch its own stablecoin, according to its CEO. In a new interview at the Economic Club of Washington, D.C., Bank of America CEO Brian Moynihan says they intend to launch a stablecoin once laws change to allow it, Fortune reports.

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Positive
cover-imageCryptonews
February 26, 2025

Singapore's Department Store Metro to Support Stablecoin Payments

Metro Singapore has announced an innovative partnership with Dtcpay, a leading digital payment solutions provider, to introduce stablecoin payments across its stores. This strategic collaboration enables customers to make seamless transactions using popular digital currencies such as USDT (Tether) and USDC. The post Singapore's Department Store Metro to Support Stablecoin Payments appeared first on Cryptonews.

general-iconGeneral
Negative
cover-imageCryptopolitan
February 26, 2025

A new crypto clash looms for Elizabeth Warren

Washington's battle over cryptocurrency regulation could set up a potential clash between pro-crypto Democratic lawmakers and Senator Elizabeth Warren, a longtime fault-finder of the digital assets industry. The divide comes just months into Warren's tenure as the liberal leader on the Senate Banking Committee, placing her at odds with some members of her party.

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Neutral
cover-imageCoingape
February 26, 2025

Crypto Market Braces For Volatility as Donald Trump Hits EU With 25% Tariff

The cryptocurrency market is facing uncertainty following the announcement by U.S. President Donald Trump that a 25% tariff will be imposed on imports from the European Union. The decision, which targets automobiles and other goods, has sparked concerns about potential trade disruptions.

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Positive
cover-imageBeInCrypto
February 26, 2025

Bank of America May Launch Stablecoin Pending New Regulations

Bank of America's CEO Brian Moynihan says the company is considering launching its own stablecoin. The firm anticipates comprehensive new stablecoin regulation in the US, which would give it a great opportunity.

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Negative
cover-imageCoingape
February 26, 2025

Bybit Hack Caused By Malicious Code In Safe Wallet's Infrastructure: Report

Early reports point to a third-party vulnerability as Bybit tries to find the remote and immediate causes of its security breach. While the interim investigation has absolved the exchange of blame, experts say the hack may be mitigated with watertight guardrails.

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