News from CoinDesk

Binance Research Survey Shows 95% of Latin American Crypto Users Plan to Buy More in 2025

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Francisco Rodrigues @ CoinDesk 2 place · 02/22/2025 14:47 EDT

The survey found that investors entered the cryptocurrency space looking for significant returns and financial freedom. Read more ›

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Ether Price Spikes Further on Reports of Bybit Starting to Buy ETH

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Francisco Rodrigues @ CoinDesk · 02/22/2025 11:26 EDT

The rise comes amid reports that Bybit has allocated 100 million USDT to a new wallet to buy the cryptocurrency. Read more ›

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SEC Drops OpenSea Investigation Easing Pressure on NFT Market

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Francisco Rodrigues @ CoinDesk 1 place · 02/22/2025 10:35 EDT

The regulator’s decision comes after Coinbase said the SEC will vote on a deal to abandon its enforcement case against it. Read more ›

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Ether Supply Squeeze? Bybit Hacker Emerges as World's 14th-Largest ETH Holder

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Omkar Godbole @ CoinDesk · 02/22/2025 08:22 EDT

Ether trades 2% higher as the hacked ETH is seen as a permanently lost supply. Read more ›

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Crypto Exchanges Start to Fill Bybit's $1.4B Hole as Hackers Move Stolen Funds

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Shaurya Malwa, Omkar Godbole @ CoinDesk · 02/22/2025 04:24 EDT

"At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto," company CEO Gracy Chen told CoinDesk. Read more ›

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Arthur Hayes Proposes Rolling Back Ethereum Network to Negate $1.4B Bybit Hack

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Omkar Godbole @ CoinDesk · 02/22/2025 02:09 EDT

I would support it because we already voted no on immutability in 2016, Hayes said on X. Others are worried that a potential rollback would hurt the Ethereum ecosystem. Read more ›

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Bybit CEO Labels Pi Network a Scam, Citing Official Police Warning

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Oliver Knight @ CoinDesk · 02/21/2025 17:40 EDT

The token is down by more than 60% since launch. Read more ›

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North Korean Hackers Were Behind Crypto's Largest 'Theft of All Time'

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Aoyon Ashraf @ CoinDesk · 02/21/2025 17:04 EDT

Lazarus Group was behind Bybit's $1.5 billion hack on Friday, Arkham Intelligence said, citing ZackXBT. Read more ›

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Plunging U.S. Stocks Help Add to Crypto's Bad Day

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Stephen Alpher @ CoinDesk · 02/21/2025 15:35 EDT

The week's uptrend was quickly upended by the hack at crypto exchange Bybit. Read more ›

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U.S. Marshals Service, Managing Seized Assets, Can't Say How Much Crypto It Holds

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Tom Carreras @ CoinDesk · 02/21/2025 14:03 EDT

The agency has been plagued with procedural and organizational issues for years. Read more ›

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CZ Suggests Bybit Halt Withdrawals, Offers Help With $1.5B Hack

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Oliver Knight @ CoinDesk · 02/21/2025 13:31 EDT

Bybit CEO has said that the exchange is solvent and withdrawals remain open. Read more ›

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Why The SEC Needs to Allow Staking in Exchange-Traded Products

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Jennie Levin, Alison Mangiero @ CoinDesk · 02/21/2025 13:25 EDT

A bipartisan challenge to the SEC's exclusion of staking from ETPs is an essential step to maintaining America’s competitiveness in the digital asset markets. Read more ›

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U.S. Senators Push for SEC to Rethink Crypto Staking in Exchange Funds

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Jesse Hamilton @ CoinDesk · 02/21/2025 13:24 EDT

The Securities and Exchange Commission blocked staking when crypto exchange-traded funds were granted, but the lawmakers suggest the SEC may have been off-base. Read more ›

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Costa Rica Makes First Foray Into Crypto with New Bitcoin ETF

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Tom Carreras @ CoinDesk · 02/21/2025 11:09 EDT

It will mark the first time that Costa Ricans will have access to any type of crypto investment product through the country's banking system. Read more ›

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Bitcoin, Ether Slump as Crypto Prices Dip on Report of Massive $1.4B Bybit Hack

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Krisztian Sandor @ CoinDesk · 02/21/2025 10:51 EDT

The move happened as crypto exchange Bybit saw a sudden $1.4 billion worth of ETH outflow. Read more ›

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Bybit CEO Confirms Exchange Was Hacked for $1.46B, Hitting Crypto Prices

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Oliver Knight @ CoinDesk · 02/21/2025 10:34 EDT

A portion of staked ether is currently being liquidated on decentralized exchanges. Read more ›

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Bybit Makes Liquidation Data More Transparent Aiming to Lure Institutional Investors

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Francisco Rodrigues @ CoinDesk · 02/21/2025 10:05 EDT

The move is meant to help lure instituional investors and improve market transparency. Read more ›

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CoinDesk 20 Performance Update: Litecoin (LTC) Gains 6.8%, Leading Index Higher

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CoinDesk Indices @ CoinDesk · 02/21/2025 09:10 EDT

Polkadot (DOT) was also among the top performers, rising 4.9% from Thursday. Read more ›

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COIN Jumps 5%, HOOD Gains 4%, BTC Challenges $100K as SEC Set to Drop Case Against Coinbase

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Krisztian Sandor @ CoinDesk · 02/21/2025 09:04 EDT

The agency's withdrawal of the lawsuit could boost crypto prices, marking a milestone in U.S. regulatory oversight for the digital asset industry. Read more ›

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SEC Dropping Coinbase Case Could Boost Robinhood Stock, Tokens Alleged as Securities

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Aoyon Ashraf @ CoinDesk · 02/21/2025 08:03 EDT

More tokens could be added to exchanges, increasing their trading revenue. This might also open the floodgates to crypto firms' IPOs in the U.S. Read more ›

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