Cryptocurrency project Ethena has now raised $100 million to fund the launch of a similar token for the traditional Financial Institution Group. According to a person familiar with the matter, the financing, which was not previously reported, was completed in December and attracted investors including Franklin Templeton and F-Prime Capital, a venture capital firm owned by Fidelity Investments.
Cryptocurrency exchange Bybit has announced a $1 million investment in EthicHub, reportedly facilitated by the Blockchain Goodwill Alliance (BGA), which uses blockchain to drive financial inclusion and empower smallholder farmers to transform agricultural finance by integrating productive lending, blended finance and market access.
On February 24th, according to TheBlock, the investment of cryptocurrency companies in the field of sports sponsorship has increased significantly in 2025. According to SportQuake data, 22 sports sponsorship deals have been reached this year, with an average value of 4.30 million US dollars, compared with 18 deals and an average value of 2.60 million US dollars in the same period last year. Among them, Tether acquired a minority stake in Juventus for about 50 million US dollars, Coinbase reached...
Cryptocurrency exchange Bybit's Ethereum cold wallet was emptied by hackers (believed to be from North Korea's Lazarus Group) after a nearly $1.50 billion hack, with a total outflow of more than $5.50 billion. Bybit CEO Ben Zhou commented on the incident, highlighting the impact of loan coverage, user support, and the temporary shutdown of Safe Wallet. The cause of the hacking attack is still unknown, and Bybit is investigating whether the problem was on their laptop or on the computer.
A survey of more than 10,000 investors in Argentina, Brazil, Colombia and Mexico conducted by Binance Research, the research arm of cryptocurrency exchange Binance, revealed that the vast majority of Latin American cryptocurrency users 95 percent plan to expand their holdings in 2025. The survey results show that 40.1% of respondents expect to buy more cryptocurrencies in the next three months, 15.3% expect to buy within the next six months, and 39.7% expect to buy within 12 months. Only 4.9% ex...
Arkham Intelligence, a cryptocurrency exchange and data analytics firm, announced on Saturday that it will offer spot cryptocurrency trading to users in 17 U.S. states starting March 1. The move follows Arkham's announcement in November of the launch of a USDT-based perpetual coin exchange. Colorado, Hawaii, Indiana, Iowa, Kansas, Michigan, New Hampshire, New Jersey, South Carolina, Tennessee, Utah, Virginia, Wyoming, Wyoming...
On February 22nd, Beijing time on the evening of February 21st, the cryptocurrency exchange Bybit's assets worth 1.50 billion US dollars were stolen due to the ETH multi-signature wallet transfer attack, which is the largest hacker attack in the Web3 industry so far. The crypto industry has been suffering from hackers for a long time, and Xinhuo Technology announced that it will provide MPC wallet security solutions for Bybit free of charge to jointly protect the safety of customer funds. The n...
According to Coinglass data, in the past 1 hour, the total amount of cryptocurrency market liquidation reached 100 million US dollars. Among them, the short order liquidation was 98.5979 million US dollars, and the multi-order liquidation was 1.7416 million US dollars. The amount of BTC liquidation reached 65.2092 million US dollars, and the ETH liquidation was 19.8046 million US dollars.
A woman who falsely altered her payroll and defrauded Bybit of $5.70 million from cryptocurrency exchange Bybit has been sentenced to nearly 10 years in prison by a Singapore court. Ho Kai Xin was sentenced to nine years and 11 months in prison after pleading guilty to 44 charges, including five counts of cheating and eight counts of dealing with the benefit of criminal acts, The Straits Times reported on Feb 20. Ho Kai Xin committed the offences while working for crypto network platform WeChain...
Economist Wang Fuzhong wrote: Trump's interest in cryptocurrencies seems to be quite large, not only the family is ugly to issue coins, but also recently expressed the hope that the United States will become the capital of the cryptocurrency world. However, Trump's concern is not a good thing. Trump is very controlling and unwilling to abide by any rules. Acting entirely on his own interests and preferences. If he follows some people's clamor and adds bitcoin to the strategic currency reserve, i...
Federal Reserve Vice Chairperson Michael Barr responded to the controversy over the debanking of the cryptocurrency industry, saying that the Federal Reserve has always been neutral and will not prevent banks from working with the crypto industry. Barr emphasized that the Fed provides clear guidance and a regulatory framework to enable banks to engage in crypto within compliance, and said it will not require banks to do it or dissuade them from doing it.
Sam Bankman-Fried (SBF), the former CEO and co-founder of cryptocurrency exchange FTX, has taken a pro-Trump stance in his first interview since being jailed, in which SBF claimed he was also a victim of the "politicization of the Justice Department" and that he supports more Republican causes than people know. According to an interview with SBF by The New York Sun, SBF gave $40 million to the US Democratic Party and $5.20 million to the Biden camp in 2020. He is currently in Brussels, New York.
According to Cointelegraph, regulatory data requests from cryptocurrency exchange Kraken skyrocketed by 39% in 2024, with the SEC and FBI among the leading U.S. agencies requesting user data.
A person familiar with the matter said that cryptocurrency options exchange Deribit is still in talks with Kraken about a potential acquisition, contrary to previous reports that the U.S. exchange has dropped a potential deal to acquire Deribit. Recent reports also confirmed that the crypto options platform is working with FT Partners to evaluate a takeover offer, but Deribit CEO Luuk Strijers ruled out a takeover. According to Bloomberg, the company could be valued at $4 billion to $5 billion o...
According to a recent Swyftx poll cited by Cointelegraph, cryptocurrency investors could become a significant voter group in Australia's next federal election. According to the survey data released by Australian cryptocurrency exchange Swyftx, about 22% of the 2,031 voters surveyed said they have invested in cryptocurrencies. Among them, 59% of cryptocurrency investors are more likely to vote for pro-cryptocurrency candidates, which is expected to form a pro-blockchain voting group of about 2 mi...