Ethereum

Lazarus Group successfully launders $1.5B in stolen Bybit funds using THORChain

March 5, 2025 2 mins read

The Lazarus Group has successfully laundered $1.5 billion in stolen Ethereum (ETH) from the Bybit hack, converting it into Bitcoin (BTC) using the decentralized exchange (DEX) THORChain. This has sparked concerns in the crypto community, with many criticizing THORChain for allowing these transactions. In response, THORChain defended itself, stating that its decentralized and open-source nature means it does not act like a law enforcement agency to monitor transactions. Arkham Intelligence,

ETH’s Slowdown to $2.5K Drives Investors to Explore Web3Bay for Steadier Returns

March 4, 2025 5 mins read

Ethereum’s recent price trajectory has been lackluster, prompting analysts to foresee a potential drop to $2,500. The crypto giant is floundering at crucial resistance levels, with a growing bearish outlook overtaking the market. As ETH’s momentum fades, investors are scouting for alternatives with more stability and higher potential for gains. Although Ethereum is a cornerstone of the blockchain infrastructure, its immediate growth prospects are murky. The potential for further price

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 proposes a US Crypto Reserve to strengthen the digital asset sector

March 3, 2025 1 min read

President Donald Trump announced that XRP, Solana (SOL), and Cardano (ADA) will be part of the US crypto reserve. This announcement followed his signing of an executive order to create a working group focused on digital assets. The group’s goal is to assess the potential for a national digital asset stockpile and to develop clear regulations for the crypto industry. Trump’s initiative responds to what he sees as attacks on

ACID Labs Raises $8M from a16z Speedrun & NFX to Scale Instant Social Games on ChatApps

March 2, 2025 3 mins read

ACID Labs, a leader in instant social gaming on messaging platforms, has secured $8 million in funding led by a16z speedrun and NFX, with participation from Fusion VC, and top gaming executives, to accelerate its mission of building viral instant games where people already connect. The studio’s breakout hit, Boinkers.io, has rapidly grown to 11.5M+ monthly players on Telegram, proving the potential of chat-integrated gaming. With more games on the way, ACID Labs is doubling down

The Ethereum Foundation (EF) announces a major leadership change

March 2, 2025 1 min read

The Ethereum Foundation (EF) has announced a significant leadership change. Hsiao-Wei Wang and Tomasz Stańczak will become the new co-executive directors. This change follows Aya Miyaguchi’s decision to step down and take on the role of EF’s president. The Ethereum community has been discussing the foundation’s role for several months. Many members have criticized its leadership due to Ethereum’s recent struggles. The price of Ether (ETH) has not performed well

Over $5.8 billion in Bitcoin and Ethereum options set to expire today

March 1, 2025 1 min read

Today, a large amount of Bitcoin and Ethereum options worth $5.79 billion is set to expire. This includes $4.68 billion in Bitcoin options and $1.11 billion in Ethereum options. Traders are paying close attention to the put-to-call ratios and the max pain points. For Bitcoin, the max pain point is much higher than its current price. This could lead options sellers to push prices up as the expiration date approaches.

Bitget Launches Isolated Spot Margin Trading for VANA/USDT

March 1, 2025 3 mins read

Bitget, a leading cryptocurrency exchange, and Web3 company, has introduced isolated spot margin trading for the VANA/USDT trading pair, further expanding its offerings to enhance user trading options and liquidity. This new addition provides traders with increased flexibility and access to leveraged positions on the platform. To celebrate the listing of new coins, Bitget is offering promotional rewards, including spot leverage cut-rate coupons and trading bonuses. These rewards will be

Uphold and Exa plan to bring crypto credit card and yield service to the mass market

February 27, 2025 4 mins read

Uphold, a leading on-chain infrastructure provider, and Exactly, a decentralized lending protocol, have today announced a proposed partnership that will allow borrowers to take out crypto-secured loans, spendable on a credit card, and lenders to earn yield.  The Uphold proposal was approved today by the Exactly Protocol DAO and is designed to bring customers an innovative credit card backed by crypto assets, deliver increased liquidity to the Exactly Protocol, and integrate

Frog Knox Taps Into Fort Knox Mystery as Presale Goes Live

February 26, 2025 3 mins read

The long-standing debate over Fort Knox’s gold reserves has sparked debate for decades. Now, as rumors circulate that Elon Musk is interested in auditing the legendary U.S. depository, a new meme coin, Frog Knox ($FROX), is tapping into the intrigue. Blending internet humor, financial skepticism, and a community-driven approach, Frog Knox is designed to turn speculation into engagement. With its presale now live, the project invites participants to take part

Bybit Takes Aim at Crypto Crime with Launch of Industry-first LazarusBounty.com Platform

February 26, 2025 3 mins read

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the launch of LazarusBounty.com, an industry-first bounty platform that represents a decisive, four-pronged offensive against crypto crime. Underpinned by the firm belief that information transparency is key, LazarusBounty.com is designed to expose illicit activity, hold hackers accountable, and secure digital assets with unparalleled speed and precision. Information Transparency at the Heart of 4-pronged Ultimate Defense At the core of LazarusBounty.com is

The crypto community is divided as experts debate an Ethereum rollback after Bybit’s $1.4B hack

February 25, 2025 1 min read

The crypto community is divided over the idea of rolling back Ethereum’s blockchain after Bybit’s $1.4 billion hack. Some experts, like Arthur Hayes and Samson Mow, support the rollback. They argue that Ethereum set a precedent in 2016 by rolling back the DAO hack. They believe a similar action should be taken now to prevent the stolen funds from being misused. A blockchain rollback would reverse confirmed transactions and restore