Bybit's near $300 million Ether buy may contribute to a potential rally above the $3,000 psychological mark.
Ethereum (ETH) has shown signs of recovery after a sharp decline caused by the Bybit hack, which impacted its price. Despite this bounce back, ETH is still down nearly 18% over the past 30 days, reflecting continued volatility.
Cryptocurrency firm Bybit has restored nearly half of its Ether (ETH) reserves after a massive crypto hack that rattled the global Web3 industry.
Ethereum's price action has been volatile in recent weeks, but the asset encountered a significant resistance zone. With strong selling pressure likely at this level, a rejection followed by a short-term decline appears probable.
Bybit CEO Ben Zhou has pledged to pursue all possible avenues to recover the funds stolen during the recent hack linked to the Lazarus Group. The post Bybit CEO Vows to Recover Stolen Funds, Discusses Possibility of Ethereum Blockchain Rollout appeared first on Cryptonews.
A death cross, when the 50-day moving average crosses below the 200-day moving average, has been formally confirmed by Ethereum. The indicator could be a herald of progressing pressure on the market, pushing Ethereum even lower.
Tim Beiko, one of Ethereum's lead developers, has clarified that the blockchain cannot be rolled back following the devastating $1.4 billion hack that took place Friday.
According to data provided by crypto analytics platform CryptoQuant, Bybit's Ethereum (ETH) reserves are in the process of recovering.
Bitcoin advocate Samson Mow says Ethereum should undergo a hard fork after North Korean hackers stole a staggering $1.4 billion in ETH and stETH by exploiting crypto exchange Bybit.
The Solana ecosystem is currently going through a period of turbulence due to the increase in scams related to memecoins. The drop in capital flows and the 40% decrease in active users reflect a loss of confidence among investors.
Can white-hat hackers outsmart the Lazarus Group and recover stolen ETH?
Franklin Templeton is taking a bold step in the crypto investment space by seeking SEC approval for a Solana ETF that includes staking.
Bybit also received $390 million worth of emergency transfers from other crypto exchanges.
Ethereum (ETH) has faced a turbulent period in recent weeks, with its price showing some signs of consolidation around the $2.6k mark in February. While this has raised hopes of a recovery, on-chain metrics indicate that strong selling pressure could limit Ethereum's potential upside, and there may even be a deeper drop on the horizon.
Ethereum core developer Tim Beiko has cautioned against any potential move to roll back the Ethereum network.
According to the latest report from CryptoQuant, Bybit ETH reserves are gradually recovering after a significant decline caused by a hack. The incident led to a sharp drop in Bybit's ETH reserves, falling from 443,691 ETH to a low of 63,807 ETH.
Ethereum's (ETH) market has been rocked by a major hack on the Bybit exchange, which saw over 405,000 ETH, valued at roughly $1.1 billion, stolen from the platform. Despite the market jitters caused by this breach, Ethereum whales—large holders of ETH—have been aggressively accumulating the cryptocurrency, purchasing an astounding 140,000 ETH in just a single day.
Solana's journey from a memecoin hub to a serious blockchain contender hinges on the approval of a Solana ETF, which would bring institutional trust and unlock its potential for large-scale financial applications like payments and trading.
Solana's (SOL) price has faced significant challenges after breaking a new all-time high (ATH) of $295, but recent developments suggest potential for a recovery despite bearish pressures. Following its ATH, SOL seemed poised for a rapid climb toward $500 by the end of 2025.
Amid memecoin scandals and a generally lukewarm performance since the new year, Solana has hit a rough patch.
Franklin Templeton, one of the world's largest asset management firms, has submitted a proposal to the United States Securities and Exchange Commission (SEC) to issue a spot Solana ETF (exchange-traded fund). The asset manager joins several other applicants in the race to offer a SOL-based investment product to US investors.
Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.”
Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.”
Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange's cold wallet, an offline storage system, to steal the exchange's assets, primarily Ether.
Metrics showed that there was a chance of a deeper Ethereum price drop towards $2.1k.
Solana (SOL) has been grappling with significant challenges in recent weeks, from a steep drop in its token price to falling network activity. As the ecosystem braces for upcoming token unlocks, many are left wondering if further declines are on the horizon for one of the most talked-about cryptocurrencies.
Franklin Templeton has filed for a Solana ETF, aiming to track SOL's market performance while allowing share purchases with cash or crypto and staking holdings for rewards. Franklin Templeton Files for Solana ETF With SEC Franklin Templeton, through its affiliate Franklin Holdings LLC, filed a registration statement with the U.S.
Ethereum (ETH) appears to be positioning itself for a significant market move, but the question remains: In which direction will it go? Recent market developments, including major shifts in Ethereum's exchange netflows and changes in its Futures Open Interest, have raised discussions about the token's potential for recovery.
Tim Beiko, an Ethereum Foundation lead developer, has broken the silence on the proposed plan to rollback the ETH network. In what he categorized as the ELI5 explainer to non-technical community members, Beiko explained why a rollback is impossible.
The Ethereum price appeared to be finally gearing for a strong bullish breakout after multiple weeks of disappointing and sluggish action. However, this bullish dream ended almost immediately after it started as nearly $1.5 billion worth of ETH tokens were drained from the ByBit exchange.
Following the Lazarus hack, an online debate erupted about potentially rolling back the Ethereum blockchain to invalidate the stolen funds.
PEPE price surged 6%, defying market turmoil after Bybit's $1.4 billion hack—could this be the start of a major rebound? PEPE rebounds 6% as traders bet on Ethereum gains from Bybit Hack PEPE suffered considerable losses on Friday, mirroring the $75 billion crypto market capitulation in the aftermath of the Bybit hack.
The non-fungible token (NFT) market exhibited a noticeable resurgence in transactional activity from Feb. 15 to 22, with digital collectible purchases climbing 11.60% above the preceding week's totals. NFTs Rebound: 64% Buyer Spike and 49% Seller Expansion Figures from cryptoslam.io indicate $148.18 million in NFT exchanges during this period, alongside a 64.
Ethereum's market is at a crossroads after whales scooped up 140K ETH in a single day.
Call for "roll back" by some, to negate Bybit hack, immediately provoked a fierce reaction from the Ethereum community, which was firm in its belief that it wouldn't happen.
Crypto trader Ali Martinez has made a bull case for Ethereum if it slumps below $2,500 following mixed signals. The digital asset market has seen weeks of low sentiment and plunging altcoin prices.
Bitcoin has experienced a quiet week, with price action stuck in a narrow range between $95K and $100K. Bulls have struggled to reclaim the $100K mark, while bears have failed to break the $95K support, leading to uncertainty about the next major move.
As Bybit picks up the pieces from its jarring security breach, the Ethereum (ETF) community has been buzzing with speculation over the network's future. One side of the divide makes a case for a blockchain rollback designed to eliminate malicious transactions, while the purists argue that the move will “kill” Ethereum's credibility.
In 2024, BTC and niche tokens like SUPER outperformed, while ETH and ADA led the pack for unrealized losses, according to CoinLedger.
Financial markets are full of analogies and historical models that analysts scrutinize closely to anticipate trends. In the crypto universe, the history of Bitcoin often serves as a compass for understanding the evolution of other major assets.
The number of active addresses on Solana has fallen below the January lows, reaching levels from October 2024.
After a $1.4 billion Ethereum (ETH) heist on Bybit on February 21, 2025, the exchange began buying ETH, as reported by crypto intelligence firm Arkham.
ETH may be repositioning itself for a major market move. In which direction though?
With the price of Solana (SOL 1.13%) falling to nearly $163 on Feb. 18, investors are right to assume it'll take a powerful cocktail of catalysts and new tailwinds to send its price back up toward $300. Something like a totally new category of cryptocurrency investments finding its home on the chain would probably do the trick.
Solana (SOL) has been facing significant headwinds over the past month, with its Total Value Locked (TVL) dropping to a low of $9.90 billion, the lowest since November 2024. However, there are signs that the bearish trend may be losing steam, as the blockchain platform experiences a slight recovery.
Following the massive Bybit hack on Feb 21, 2025, in which hackers stole about $1.4 billion worth of ethereum (ETH) from the exchange's cold wallet, a contentious debate has emerged within the crypto community regarding whether to roll back the Ethereum blockchain to reverse the theft. Ethereum's 2025 Crisis: Reverse $1.
Solana has been performing worse these days following increasing selling pressure. The recent hack worth $1.5 billion in the Bybit exchange has strengthened the resistance levels. The recent drop in price has been also triggered by low network activities.