Crypto News

Kanye West denies ties to YZY tokens and plans to launch his own crypto next week

February 24, 2025 1 min read

Kanye West, now called Ye, has denied any links to YZY tokens in the market. He claims he will launch his own cryptocurrency next week. This announcement is surprising since he previously dismissed digital assets. His statement has led to speculation about his true involvement in crypto. On February 22, Ye posted on X, stating that all current tokens using his name are unauthorized. He declared, “All current coins are

Reports suggest Kanye West sold his X account to Barkmeta for $17M ahead of a crypto launch

February 24, 2025 2 mins read

Kanye West may have sold his X account to Barkmeta for $17 million. This news has raised alarms in the crypto community. Analysts are worried about potential fraud due to Barkmeta’s past. Barkmeta is known for trading meme coins and has faced accusations of scams. In 2022, Barkmeta was involved in the POX token rug pull. The next year, he was linked to the DeFiApes NFT collection, which raised over

The US State of Montana rejects the idea of a Bitcoin Reserve bill.

February 24, 2025 1 min read

The crypto market has experienced a decline over the weekend. Bitcoin has fallen back to $95,000 after nearing $100,000 just days earlier. This drop has also affected altcoins, leading to minor price decreases. However, there has been a rise in trading activity following the weekend slump. Montana’s House Representatives voted against a Bitcoin Reserve Bill in the United States. This bill aimed to include Bitcoin, digital assets, and stablecoins as

eXch denies accusations of laundering funds from the $1.4 billion Bybit hack

February 24, 2025 1 min read

Non-KYC crypto exchange eXch has denied claims of laundering funds from the $1.4 billion Bybit hack. Blockchain analysts have linked some stolen assets to eXch. The exchange acknowledged that it processed a small amount of the hacked funds but called the case “isolated.” On February 21, 2025, Bybit experienced a major theft. Hackers stole over $1.4 billion from its Ethereum cold wallet. Investigators believe the Lazarus Group, a North Korean

Bybit loses $5.2B after a $1.5B hack but secured $172.5M fast

February 23, 2025 1 min read

Bybit faced a major crisis after a $1.5 billion hack, which caused a $5.2 billion drop in reserves in just one day. Despite this setback, the exchange acted quickly. They secured $172.5 million in emergency loans and kept operations running without freezing withdrawals. DeFiLlama reported that Bybit’s reserves fell sharply as over 350,000 withdrawal requests came in. However, the exchange still holds more than $11.4 billion in assets. CEO Ben

Bybit sees a $4B liquidity influx and processes 350,000+ withdrawal requests

February 23, 2025 1 min read

Bybit experienced a significant event after a hack that resulted in the theft of $1.5 billion in crypto assets. In just 12 hours following the hack, Bybit saw an influx of $4 billion. This included 63,168 ETH, $3.15 billion in USDT, $173 million in USDC, and $525 million in CUSD. The exchange faced a historic surge in withdrawal requests. Many users were concerned about the possibility of insolvency due to

CZ responds to mounting speculation about his involvement with meme coins

February 23, 2025 1 min read

Changpeng Zhao, the founder of Binance, has addressed rumors about his involvement with meme coins. He clarified that he does not actively trade these coins. In a recent tweet, he rejected the idea of being a “real Chongtugou user” and described himself as a “blacksmith.” He sees himself as a builder who creates tools rather than following market trends. CZ also mentioned that he is not a typical centralized exchange

Pi Network addresses controversy over its legitimacy

February 23, 2025 1 min read

Pi Network faced controversy recently due to accusations from Bybit CEO Ben Zhou. Zhou claimed that a warning from Chinese police in 2023 indicated Pi Network was involved in fraud. He alleged that the project targeted early investors and compromised user data. As a result, the value of PI Coin dropped by over 50%. Many early adopters sold their holdings after the mainnet launch. In response to these claims, Pi

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

Lazarus Group is behind Bybit’s $1.5 billion hack on Friday

February 22, 2025 1 min read

Arkham Intelligence, a blockchain analytics firm, reported that North Korea’s Lazarus Group was responsible for the recent $1.46 billion hack of the cryptocurrency exchange Bybit. The firm initially offered a reward of 50,000 ARKM tokens for information about the attackers. Later, on-chain investigator ZachXBT provided strong evidence linking the hack to Lazarus Group. His analysis included detailed transaction data and wallet connections related to the attack. This hack is considered

Bybit exploited for $1.4 billion worth of ETH, CEO confirms

February 22, 2025 1 min read

Bybit, a cryptocurrency exchange, has experienced a significant hack. A hacker stole over $1.4 billion worth of Ethereum (ETH) and staked ETH. The CEO, Ben Zhou, confirmed the incident on X. He explained that the attacker exploited a vulnerability in the exchange’s ETH cold wallet. This hack is one of the largest in the crypto market. Following the news, several cryptocurrency prices dropped. Ethereum’s price lost some of its gains,

Trust Wallet says crypto wallets must improve security and user experience to drive adoption

February 22, 2025 2 mins read

Crypto wallet adoption is expected to increase as digital assets become more popular. Developers are focusing on making these wallets user-friendly and secure. Trust Wallet emphasizes the importance of integrating wallets into mainstream financial technology. This will help more people access crypto while overcoming onboarding challenges. As cryptocurrencies gain global acceptance, crypto wallets have become crucial for managing digital assets safely. Reports suggest that the market will grow significantly, especially