Bybit's chief executive says the firm has now fully closed the Ethereum gap after hackers stole nearly $1.5 billion worth of ETH and Lido Staked Ether (stETH) from the crypto exchange last week. Bybit CEO Ben Zhou says the exchange has restored a 1:1 backing on all client assets after the record-setting hack.
Ethereum Foundation (EF) executive director Aya Miyaguchi will step down from her current role and transition into a new position as the foundation's president amid a revamp of its leadership structure. Miyaguchi announced the change in a Feb. 25 statement and said a new governance model is expected soon.
Ethereum Foundation (EF) executive director Aya Miyaguchi will step down from her current role and transition into a new position as the foundation's president amid a revamp of its leadership structure. Miyaguchi announced the change in a Feb. 25 statement and said a new governance model is expected soon.
An Ethereum whale is sitting on $58 million in unrealized profit after shorting ether at $3,220. ith Coinglass data showing cryptocurrency liquidations exceeding $1 billion amid a fresh market crash, many traders faced massive losses.
Miyaguchi shared in a blog post that she will stay at the foundation and serve as its new president.
Ethereum (ETH) was enjoying a rollercoaster ride after bouncing back from its February 3 low of $2,125 and gearing up for a breakout until the recent disaster struck the market. Ether could be headed to recording its worst February performance ever if it remains under the $2,400 price level.
Investors appear to have panicked now that what was initially perceived as a pullback has evolved into a much more concerning retreat.
Aya Miyaguchi will transition from her role as Executive Director to President of the Ethereum Foundation, marking a leadership change within the organization.
What's next for altcoin season amid sluggish ETH price action and stubborn BTC dominance?
Miyaguchi has drawn ire in part due a perceived lack of competitiveness and failure to steward Ethereum's scaling solutions.
Aya Miyaguchi's presidency may enhance Ethereum Foundation's global influence and strengthen its decentralized ethos, fostering innovation. The post Aya Miyagotchi to become president of Ethereum Foundation appeared first on Crypto Briefing.
Nums, a sequential game built off of Starknet's technology, is the first layer-3 to settle on the network.
It's a blood-red Tuesday across the crypto markets.
The Bybit hack, one of the largest in crypto history, saw $1.5 billion in Ethereum stolen through what appears to be a sophisticated phishing attack. Unlike traditional exchange breaches that involve compromising backend keys—such as hot, warm, or cold wallet private keys—this incident unfolded in a highly unusual manner.
The Pectra upgrade, a significant enhancement to the Ethereum network, was activated on the Holesky testnet on February 25 at 4:55 pm ET. The post Major Ethereum Upgrade Pectra Goes Live on Holesky Testnet appeared first on Cryptonews.
After the $1.7 billion Ethereum (ETH) heist from the Bybit cryptocurrency exchange, the overall cryptocurrency market experienced a significant price drop. However, it now appears that Bybit is once again accumulating ETH to continue its operations. Bybit Buy Back Ethereum Worth $87.
Ethereum (ETH) has plummeted 11.4% in the past 24 hours, reflecting a broader market downturn that saw Bitcoin (BTC) drop by 8%, XRP by 13.6%, and Solana (SOL) by 12.9%. Despite the sea of red, several leading voices—including CryptoQuant CEO Ki Young Ju—are calling for a more optimistic perspective on ETH.
CryptoQuant data shows Bybit's ETH inflows surged post-hack as it averaged 1.2K ETH per transaction, owing to large entities supporting liquidity recovery.
Ethereum (ETH) price dropped below $2,500, recording an 11% drop over the past 24 hours. ETH must hold $2,600 to prevent further downside.
The cryptocurrency market plunged on Feb. 25, 2025, with altcoins suffering outsized losses amid economic uncertainty fueled by President Donald Trump's tariff policies. At press time, the crypto economy stands at $2.91 trillion, down more than 6% over the last day.
Now other tests will follow on other testnets until all issues are resolved.
TL;DR Testnet failure: Ethereum's Pectra upgrade failed to finalize on Holesky testnet due to execution client bugs. Continued testing: The next phase of testing is scheduled for March 5 on the Sepolia testnet to resolve issues before mainnet deployment.
Ethereum's price trajectory has taken a sharp downturn, with technical analysis showing a possible crash to $2,000. Crypto analyst SwallowAcademy pointed out on the TradingView platform that some bearish signals are forming in smaller timeframes, especially as buyers have failed to maintain a key support zone at $2,700.
The cryptocurrency market faced a sharp downturn over the past 24 hours, with Bitcoin (CRYPTO: BTC) dropping to a low of $87,115 before stabilizing at $88,850, marking a 7% decline. Ethereum (CRYPTO: ETH) saw an even steeper drop of 10%, trading at $2,420.
Bybit has returned the 40,000 Ethereum loan, valued at roughly $99.98 million, obtained from Bitget following the recent $1.4 billion security incident. Blockchain analysis platform Lookonchain reported that the repayment occurred on Feb. 24, with Bybit transferring the funds from its cold wallet back to Bitget.
Ethereum has faced multiple rejections at its resistance level over the past two weeks, intensifying selling pressure and pushing it towards its support zone in recent hours. ETH is in an oversold zone according to the RSI, indicating high bearish pressure with the possibility of a technical rebound.
On-chain data highlighted that Bybit exchange transferred 40,000 Ethereum worth approximately $100 million back to Bitget.
Ethereum crashes below $2,500 as the crypto market drops over 10% in 24 hours. Bitcoin dips under $90K, raising concerns of further ETH declines to $1,800.
Bitcoin plunged to a three-month low below $88,000 Tuesday morning, dragging the wider crypto market down with it.
Ethereum price is having its worst February performance in history. Despite this dip, the Ethereum (ETH) Cost Basis Distribution shows that instead of completely exiting their positions, investors are accumulating ETH at lower prices.
The crypto market plunged into the red, shaving off over $230 billion after President Donald Trump announced that tariffs on Canada and Mexico would be effective in March. As a result, market sentiment sank to extreme fear, with cryptocurrencies registering significant losses.
Ethereum (ETH) plunged over 5% on Tuesday to $2,375, with its 50-day simple moving average (SMA) nearing a crossover below the 200-day SMAa formation known as the death cross. This technical pattern suggests weakening short-term momentum and could signal a larger bearish trend.
Ethereum (ETH) has dropped 11.5% in the past 24 hours, bringing it dangerously close to triggering massive liquidations on MakerDAO. On-chain data reveals that three major positions, valued between $109 million and $126 million each, will be liquidated if ETH falls to $1,926, $1,842, and $1,793.
In the aftermath of the Bybit hack, the crypto market sell-off is deepening, with combined crypto liquidations reaching $1.34 billion in the past 24 hours. While Bitcoin (BTC), Ethereum (ETH) and XRP are leading this sell-off, almost all altcoins in the top 100 are experiencing massive price drawdowns.
ETH needs to drop another 19% to trigger the first liquidation.
Massive ETH shorts risk liquidation at $3,000 as price gear up for potential uptrend.
Ethereum's Pectra upgrade stalled during its first testnet deployment due to execution client bugs, but testing will continue with the upgrade still expected to bring important improvements including increased validator limits and better Layer-2 scaling.
The crypto market crash plunges Ethereum (ETH) 15% to revisit $2,300 levels. Amid the crash, the silver linings shine bright and tease a potential to buy at discount prices. Will this downfall record a quick V-shaped reversal in ETH prices?
Ethereum's price shows mixed signals as retail traders increase short positions despite a bullish MACD crossover, with the cryptocurrency trading above $2,775 but facing potential pullback toward $2,700 amid large transfers from Binance to exchanges.
Ethereum (ETH) has recently seen a noticeable shift in investor sentiment, as retail traders increasingly position themselves against the cryptocurrency. This change comes despite bullish indicators, including a MACD crossover confirming a potential price increase.
Cryptocurrencies bitcoin and ether dropped to multi-month lows on Tuesday, caught up in a general cross-market sell-off, and as traders continued to process last week's hack of $1.5 billion worth of ether from cryptoexchange Bybit.
Crypto exchange Bybit has recently announced that it has replenished its reserves following its staggering $1.5 billion hack, marking the largest breach in the history of the cryptocurrency industry.
Ether is on the verge of slipping into a death cross, an ominous momentum indicator, with a mixed record of predicting price trends.
Historically bullish, February turns red for Ethereum as economic uncertainty, Trump's tariffs, and the Bybit hack push ETH below $2,400.
The Bybit hack, which resulted in the loss of $1.4 billion in Ethereum-related tokens, has sparked debate over its root cause.
Bybit swiftly repaid the 40,000 ETH loan from Bitget, ensuring smooth withdrawals after a $1.4 billion hack attributed to the Lazarus Group.
Bybit has transferred nearly $100 million worth of ETH back to Bitget. Bitget loaned 40,000 ETH to Bybit immediately after the $1.4 billion hack.