eXch denied laundering accusations, but admitted to processing a small portion of hacked Bybit funds Bybit is pursuing fund recovery through bounties, law enforcement, and Ethereum Foundation collaboration The recent Bybit hack is being called the largest crypto theft in history and now, it has taken yet another twist. Crypto exchange eXch now finds itself … Read more
Large hedge funds playing the ETF arbitrage game are starting to unwind their positions, putting more selling pressure on Bitcoin, says BitMEX co-founder Arthur Hayes.
Bitcoin-stacking Metaplanet bought at $96,185, while El Salvador bought at around $94,050 per Bitcoin.
OKX pleaded guilty to operating as an unlicensed money transmitting business and will pay a $84 million fine, in addition to foregoing $421 million in commission fees from U.S. customers. According to an official statement from OKX, the company acknowledged that “legacy compliance gaps” had allowed some US customers to trade on its global platform … Read more
Ethereum (ETH) price is yet to clear the bearish aftermath of the exploit on the Bybit Exchange from last week. A coin that had the prospect of crossing the $4,000 range earlier this month is now battling major support zones as the selloff continues. Per market data, Ethereum’s price is now facing its third red … Read more
Infini, a Hong Kong stablecoin neobank, confirmed a $49 million hack due to exploited administrative privileges, just days after a massive breach at Bybit. Infini: Runway Still Solid The Hong Kong stablecoin neobank, Infini, confirmed on Feb. 24 that hackers breached its platform and investigations were underway. In a statement shared via X, the neobank … Read more
As Solana (SOL) and Dogecoin fail to recover from their recent losses, traders are flocking to RCO Finance (RCOF) in anticipation of massive gains.RCO Finance has already raised over $13 million in its ongoing token presale and is set to attract more funds from savvy investors. This undervalued altcoin is gaining traction among institutional investors … Read more
The directors of the Securities and Exchange Commission’s regional offices will reportedly be soon out of a job as the agency looks to cut costs.
HodlX Guest Post Submit Your Post Today, the cryptocurrency market resembles a theatrical performance in which insiders write the script and unsuspecting retail investors play the roles of the extras. While altcoins are falling, meme coins turn into minefields and liquidity remains locked in exchange-traded funds (ETFs), institutions are accumulating Bitcoin but aren’t injecting free … Read more
Former FTX CEO Sam Bankman-Fried said he had not checked his email for the past few hundred days and that being unemployed is a lot less relaxing than it looks.