Bybit App Hack: A $1.5 Billion Heist
The cryptocurrency exchange Bybit experienced one of the largest hacks in crypto history. On February 21, 2025, hackers managed to infiltrate Bybit’s Ethereum cold wallet, stealing approximately $1.5 billion worth of Ethereum. This incident has…
Crypto Market Crashes After Trump’s Tariff Strike
The cryptocurrency market experienced a significant downturn on February 3, 2025, following the announcement of new tariffs by U.S. President Donald Trump. The administration imposed a 25% tariff on imports from Canada and Mexico, and a 10% levy on…
Kraken Resumes Crypto Staking for U.S. Customers
Cryptocurrency exchange Kraken has officially resumed its staking services for the U.S. customers, marking a significant comeback after a regulatory battle with the Securities and Exchange Commission (SEC), forced it to shut down staking in 2023. On…
Texas District Court Overturns Sanctions on Tornado Cash
The US District Court for the Western District of Texas has overturned the sanctions imposed on Tornado Cash by the US Treasury’s Office of Foreign Assets Control (OFAC). This decision, issued on January 21, 2025, is being hailed as a significant victory…
BlackRock’s Ethereum ETF Reaches $3 Billion in Inflows
In a remarkable milestone for the cryptocurrency market, BlackRock’s Ethereum ETF has reached $3 billion in inflows. This achievement underscores the growing institutional interest in Ethereum and its potential as a leading digital asset.The…
Grayscale Introduces Trusts for Optimism and Lido DAO
Grayscale Investments has announced the launch of two new investment vehicles. They are the Grayscale Lido DAO Trust and the Grayscale Optimism Trust. These trusts are designed to give investors with exposure to the governance tokens of Lido DAO (LDO)…
Vitalik Buterin Updates Ethereum’s Roadmap for Layer 2 Expansion in ‘The Surge’
Ethereum co-founder Vitalik Buterin has unveiled an ambitious new roadmap for the Ethereum network, focusing on Layer 2 (L2) expansion under the phase titled “The Surge”. This update, detailed in his latest blog post, “Possible futures…
Ethereum Rises Above $3,500 Ahead of US Spot ETF Trading
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has surged past the $3,500 mark, driven by the anticipation of the launch of several spot Ethereum exchange-traded funds (ETFs) in the United States. Ethereum’s price…
U.S. Court Rules Bitcoin and Ethereum as Commodities
In a landmark decision last week, an Illinois court ruled that Bitcoin and Ethereum are to be classified as digital commodities. This ruling affirms the Commodity Futures Trading Commission’s (CFTC) authority over these major cryptocurrencies, providing…
WOO Network Integrates LayerZero’s OFT Standard Across Merlin Layer2 and Ethereum
In a groundbreaking development for the blockchain industry, WOO Network has adopted the LayerZero Omnichain Fungible Token (OFT) standard, integrating it within the Merlin Layer2 and Ethereum blockchains. This strategic move positions WOO Network at the…