Judith Faith, Author at Optimisus

Bybit hackers are near completing the laundering of $1.5 billion in stolen ETH

March 3, 2025 1 min read

North Korean hackers involved in the Bybit breach are close to laundering 499,000 ETH, valued at around $1.5 billion. They have already moved about 70% of the stolen funds and expect to complete the process in three days. The hackers used various methods, such as intermediary wallets and decentralized exchanges, making it hard for investigators to track the stolen ETH. Criticism has grown against Circle, the issuer of the USDC

President Trump to host the first-ever White House Crypto Summit

March 2, 2025 1 min read

President Donald Trump will host the first White House Crypto Summit on March 7. This event will bring together industry leaders, CEOs, investors, and members of the President’s Working Group on Digital Assets. David Sacks, the White House AI and Crypto Czar, shared this on X. The summit comes after Trump’s recent executive order. This order forms a group to help make America a leader in cryptocurrency. Sacks will lead

Bitcoin Reserve bills face setbacks as Republican divisions grow

February 26, 2025 1 min read

Bitcoin Reserve bills are facing major obstacles. Several Republican-led states are turning down these proposals, despite some early backing. The split among GOP members has cast doubt on the future of these bills. Recently, about 30 states have attempted to pass laws to add Bitcoin to their state reserves. Use Bitcoin to protect against inflation. Experts say that if these bills pass, it could result in billions in Bitcoin purchases,

https://optimisus.com/news/nft-news/the-us-sec-drops-its-investigation-into-opensea/

The SEC ends its probe into OpenSea without legal action

February 25, 2025 1 min read

The SEC has ended its investigation into OpenSea without taking legal action or labeling NFTs as securities. This is a significant victory for the NFT industry and a relief for OpenSea as it prepares to launch its token in 2025. OpenSea’s CEO, Devin Finzer, praised the SEC’s decision. He called it a win for the web3 and NFT community. Finzer criticized the SEC’s attempt to regulate NFTs under current laws.

SEC set to drop lawsuit against Coinbase

February 22, 2025 1 min read

Coinbase, a US-based cryptocurrency exchange, is experiencing a significant development. The Securities and Exchange Commission (SEC) has reportedly agreed to dismiss its lawsuit against Coinbase. This news was shared by Coinbase in a blog post on February 21. CEO Brian Armstrong also discussed it in an interview with CNBC. Paul Grewal, Coinbase’s chief legal officer, stated that the SEC staff has agreed to dismiss the case, pending approval from the

Over $2 billion in Bitcoin and Ethereum options set to expire

February 21, 2025 1 min read

Over $2.04 billion in Bitcoin and Ethereum options are about to expire in the crypto market. This situation raises worries about more market ups and downs. Bitcoin has key resistance levels, and Ethereum is having trouble staying stable. This uncertainty makes traders unsure about the short-term direction of cryptocurrencies. Bitcoin options contracts are worth more than $1.6 billion. Analysts see a put-to-call ratio under 1 for Bitcoin and Ethereum. This

Uniswap CEO Hayden Adams claims flawed token launches are intentional

February 19, 2025 1 min read

Uniswap CEO Hayden Adams has sparked a conversation in the crypto community. He says many token launches are done on purpose, not by mistake. His comments follow the rise of controversial meme coins such as LIBRA, MELANIA, and TRUMP. These tokens face accusations of price manipulation and pump-and-dump schemes. Adams said in a post on X that flawed token launches are usually planned. He said that if a token launch

ByBit launches Avalon Token (AVL) on Bybit Spot.

February 17, 2025 1 min read

Avalon Labs has partnered with Bybit, the second-largest crypto exchange, to launch Avalon Token (AVL) exclusively on Bybit Spot. This partnership introduces an incentive-based savings plan through Bybit Earn. Participants can earn annual percentage rates (APRs) of up to 50% during a structured staking period. Approximately 10,000 USDT worth of AVL tokens will be distributed to qualified users as rewards. Avalon Labs is the largest issuer of Bitcoin-backed stablecoins. Their

The SafeMoon team is set to launch a new memecoin on the Solana blockchain. This event will take place on Saturday at 1:00 AM UTC.

The SafeMoon team launches a memecoin on Solana (SOL)

February 15, 2025 1 min read

The SafeMoon team is set to launch a new memecoin on the Solana blockchain. This event will take place on Saturday at 1:00 AM UTC. The team has taken significant steps to manage their existing tokens. They have burned 2.2 trillion SFM tokens across three networks: Ethereum, Polygon, and Binance Smart Chain. Most of the tokens on Ethereum and Polygon have been eliminated. Additionally, about 60% of the Binance Smart

The NFT brand Yuga Labs sells off the NFT collection Meebits

February 15, 2025 1 min read

Yuga Labs has sold its NFT collection Meebits and its related intellectual property to a new company called Meebit Company, or “MeebCo.” This company aims to expand the Meebits brand creatively. They plan to enhance community engagement and introduce new merchandise. After selling Meebits, Yuga Labs will focus on its Bored Ape Yacht Club NFT brand and the Otherside metaverse project. Despite the sale, Meebits will continue to have a

Coinbase has recently made headlines as the cryptocurrency market faces a weekend slump. The exchange released

Coinbase revenue surges by over 130% post-election rally

February 14, 2025 1 min read

Coinbase has recently made headlines as the cryptocurrency market faces a weekend slump. The exchange released its fourth-quarter reports, revealing a significant increase in revenue. This surge came amid ongoing regulatory updates. Bitcoin is currently consolidating at $96,000, trying to reach the $100,000 mark. In its fourth-quarter report, Coinbase reported a revenue of $2.27 billion, nearly double the expected $1.88 billion. This impressive performance led to a 2% rise in

HashFlare co-founders plead guilty to wire fraud conspiracy