Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
White House highlights Pelosi hypocrisy after Schiff demands Trump admin...
Musk says Trump would have lost 2024 election...
Ex-Biden advisor calls Jean-Pierre ‘kinda dumb,’ deletes tweet,...
Trump administration defends US and Israeli sovereignty with...
Musk unleashes wild Epstein claim against Trump after...
‘Gone too far’: GOP lawmakers rally around Trump...
Democrats begin to embrace Musk amid Trump spat...
MARK HALPERIN: Democrats try to construct a Frankenstein...
Elon Musk may speak to Trump aides in...
Risch urges ‘top to bottom’ USAID spending review...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Crypto Market Recap: Bybit Suffers US$1.5 Billion Hack, Saylor’s Strategy Buys More Bitcoin

by admin February 25, 2025
February 25, 2025
Crypto Market Recap: Bybit Suffers US$1.5 Billion Hack, Saylor’s Strategy Buys More Bitcoin

Here’s a quick recap of the crypto landscape for Monday (February 24) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$94,006.38 reflecting a decrease of 1.9 percent over the past 24 hours. The day’s trading range has seen a high of US$95,658 and a low of US$93,775.

Ethereum (ETH) is priced at US$2,640.58, marking a decline of 5.58 percent over the same period. The cryptocurrency reached an intraday high of US$2,678 and a low of US$2,633.

Altcoin price update

  • Solana (SOL) is currently valued at US$151.06, down 9.8 percent over the past 24 hours. SOL experienced a high of US$158 and a low of US$150 during Monday’s trading session.
  • XRP is trading at US$2.43, reflecting a 4.8 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.48 and a low of US$2.40.
  • Sui (SUI) is priced at US$3, showing a 9.9 percent decrease over the past 24 hours. It achieved a daily high of US$3.19 and a low of US$2.98.
  • Cardano (ADA) is trading at US$0.7176, reflecting a 6.4 percent decrease over the past 24 hours. Its highest price on Monday was US$0.7327, with a low of US$0.7133.

Crypto news to know

Hackers steal US$1.5 billion from Bybit in ‘biggest digital heist ever’

Cryptocurrency exchange Bybit has suffered what is believed to be the largest digital theft in history, losing US$1.5 billion worth of Ethereum to hackers this past Friday (February 21).

The Dubai-based platform reported that the attacker gained access to one of its Ethereum wallets during a routine transfer between cold and warm storage, successfully moving the funds to an unknown address.

Bybit CEO Ben Zhou has reassured users that the exchange remains solvent and has enough funds to cover losses, ensuring all customers are fully reimbursed.

However, the platform has experienced a surge in withdrawal requests, causing processing delays. In response, Bybit has offered a 10 percent reward — up to US$140 million — for assistance in recovering the stolen funds.

Some security analysts suspect the involvement of North Korean state-backed hacker group Lazarus, known for previous large-scale crypto heists.

Ethena raises US$100 million for institutional token

Bloomberg reported on Monday that Ethena, the issuer of stablecoin USDe and token ENA, has raised US$100 million in a private sale of ENA to fund a new token aimed at institutional investors.

This new token will be built on Ethena’s blockchain and will be similar to USDe, but with added features to comply with financial regulations, potentially paving the way for greater institutional adoption of Ethena’s products.

Strategy’s Bitcoin stockpile nears 500,000

Strategy (NASDAQ:MSTR), formerly MicroStrategy, completed the sale of US$2 billion worth of convertible senior notes due in 2030 in a private offering to institutional investors, the company announced on Monday.

As expected, CEO Michael Saylor also disclosed the acquisition of 20,356 additional Bitcoin for roughly US$1.99 billion, bringing the company’s total holdings to 499,096 acquired for US$33.1 billion, or US$66,357 each. Rounding the current Bitcoin price down to US$94,000, the holdings are worth about US$46.92 billion.

Nasdaq seeks to list Hedera ETF

The Nasdaq has applied to list an exchange-traded fund (ETF) designed to hold the Hedera Network’s native token, HBAR, according to a 19b-4 form filed with the US Securities and Commission Exchange on Monday.

The token is one of a very small number of cryptocurrencies starting the week in the black, up 0.3 percent in 24 hours to US$0.21 at the time of this writing. If approved, the ETF would be managed by Canary Capital, which filed to list a proposed Canary HBAR ETF in November.

Citadel Securities eyes increased crypto market involvement

Sources for Bloomberg said financial firm Citadel Securities is looking to increase its involvement in the cryptocurrency market by joining the roster of approved market makers on major exchanges like Coinbase, Binance and Crypto.com. If approved, the firm plans to set up international teams, according to people familiar with the matter.

Testing begins for Ethereum’s Pectra upgrade

Ethereum will initiate the testing phase of its latest upgrade, Pectra, on the Holesky testnet at epoch 115968 on Monday, marking another advancement in Ethereum’s ongoing development.

The Pectra upgrade is designed to enhance the network’s scalability, security and overall efficiency, addressing some of the current limitations of the Ethereum blockchain such as transaction fees and network congestion.

This testing phase will help developers identify potential issues before the upgrade is deployed on the Ethereum mainnet, which is scheduled for later this year.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Awalé Selected to Exhibit at PDAC Core Shack, March 4-5, Booth #3105B
next post
Unlocking a New High-Grade Antimony-Tungsten Structure Adds Potential to Wild Cattle Creek

You may also like

Bitcoin Reaches New Record High on Reserve Asset...

December 17, 2024

Top 5 Canadian Mining Stocks This Week: Tethys...

April 12, 2025

Tech 5: Tech Stocks React to Tariffs in...

April 12, 2025

Brunswick Continues to Intersect Lithium Mineralization on Globex’s...

April 26, 2025

EU Deems Mkango and Euro Manganese Projects “Strategic”...

March 27, 2025

Hydrogen Stocks: 9 Biggest Companies

March 21, 2025

Financial Agreement signed releasing $2M grant

January 23, 2025

WOA Announces Board and Management Changes

August 13, 2024

Purepoint Uranium

October 26, 2024

Oil and Gas Price Update: Q1 2025 in...

April 24, 2025

Recent Posts

  • White House highlights Pelosi hypocrisy after Schiff demands Trump admin financial, ethics docs
  • Musk says Trump would have lost 2024 election without him as ‘Big, Beautiful Bill’ feud continues
  • Ex-Biden advisor calls Jean-Pierre ‘kinda dumb,’ deletes tweet, says she’s not a ‘genius-level Black woman’
  • Trump administration defends US and Israeli sovereignty with new sanctions against four ICC judges
  • Musk unleashes wild Epstein claim against Trump after being booted from DOGE

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (764)
    • Investing (2,267)
    • Politics (2,796)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.