Posts

Here’s what happened to the $1.4 billion stolen crypto from Bybit

Image
Nearly a month after the $1.4 billion hack on Bybit, the majority of the stolen funds remain traceable. Even as the hackers have stepped up their efforts by using multiple crypto mixers to obscure their tracks, according to an executive summary released by the exchange’s CEO Ben Zhou. Blockchain investigations have confirmed that the infamous North Korean Lazarus Group is behind the cyber heist, which now stands as the largest single crypto exchange hack in history. 3.20.25 Executive Summary on Hacked Funds: Hacker started to use mixers: 1. Wasbi 2. CryptoMixer 3. Railgun 4. TornadoCash Total hacked funds of USD 1.4bn around 500k ETH. 88.87% remain traceable, 7.59% have gone dark, 3.54% have been frozen. Breakdown: – 86.29% (440,091 ETH,… — Ben Zhou (@benbybit) March 20, 2025 Breakdown of Bybit’s stolen funds On February 21, Bybit lost over $1.4 billion worth of digital assets, including liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and ot...

Nvidia (NVDA) to get $320B Boost as 2025 Sell-Off Can't Stop 50% Upside

Image
There is no doubt that the US stock market has struggled throughout the first few months of the year. Indeed, companies have faced plummeting share prices amid ongoing economic uncertainty. Although it has been affected, Nvidia (NVDA) is poised to get a $320 billion boost in 2025, as the ongoing sell-off hasn’t hindered its growing upside. The AI chipmaker has long been one of the most dominant companies in the overall tech space. As demand for the emerging technology continues to grow, so too does the status of the second largest company in the world by market cap. Now, although it has faced increased pressure, it may not be related to the overall dynamics that have propelled the firm to these heights in the first place. Source: Fortune Also Read: Nvidia Partners With General Motors to Build Self-Driving Cars Nvidia to Get $320 Billion Boost in 2025 as Stock Looks to Overcome Early Year Struggles Nvidia is currently in the midst of one of its most important weeks of the year. As ...

Trading Through Liquidity Crises: How to Navigate Volatility with Better Execution

Image
Liquidity crises occur when market participants struggle to execute trades at stable prices due to reduced market depth, often triggered by macroeconomic shocks, financial instability or shifts in investor sentiment. Here, market makers and institutional traders may withdraw, causing sharp price movements and wider spreads. Thus, comprehending these factors helps traders anticipate disruptions and adjust strategies. Historical events like the 2008 financial crisis and the 2020 pandemic-driven turmoil underscore the need for liquidity preparedness, where analyzing past crises helps traders assemble frameworks to manage future situations; meanwhile, understanding liquidity dynamics supports strategies that minimize execution risk and optimize capital allocation.  The Impact of Volatility on Trade Execution Periods of extreme volatility amplify the risks associated with trade execution; for example, price slippage becomes more pronounced and bid-ask spreads widen as liqu...

How High Will SUI Surge In March 2025?

Image
The cryptocurrency market has been witnessing an influx of exchange-traded fund (ETF) applications. While assets like Dogecoin (DOGE), Solana (SOL), XRP, and Litecoin (LTC) ETFs are being filed, firms have been exploring newer assets. More recently, Canary Capital has submitted paperwork to the Securities and Exchange Commission (SEC) to roll out a SUI ETF. Amidst this, the asset witnessed a slight uptick. But the community is hoping to see a bigger rise during this month. Also Read: GTA 6 Map Mod Lets You Explore New Vice City Early! Looking Into SUI’s Latest Increase Source: ChainWire SUI was one of the very few assets that recorded a rise throughout the past seven days. The cryptocurrency surged by 6.29%. Earlier today, the altcoin went from trading at a low of $2.26 to a high of $2.38. This comes after a 1% increase over the past 24 hours. While this might not be much of a rise, SUI was trading at $2.32, at the time of writing. Source: CoinMarketCap The approval of Canary Capi...

CHART: Bitcoin crashes toward Strategy (MSTR) cost basis

Image
As bitcoin’s (BTC) price has fallen since Donald Trump took office, it is converging toward the corporate cost basis at Strategy. Michael Saylor’s giant BTC holding company owns 499,226 coins acquired for an average of $66,360 apiece. Today, a concerningly slim, 27% cushion separates BTC’s declining price from the company’s cost basis. For years, Strategy (formerly MicroStrategy) enjoyed a generous price cushion between BTC and its prior purchases. For example, in celebration of Trump’s January 20 inauguration, BTC hit an all-time high of $108,786 — 73% above Strategy’s average purchase price of $62,691 at the time. There have been even better times, such as 2021 or mid-2024, when the price of BTC was more than double Strategy’s cost basis. However, crypto entered a bear market shortly after Trump entered the White House. The president continued to promote memecoins, declined proposals for buying Saylor’s recommended 4 million BTC or Cynthia Lummis’ recomme...

2 overbought cryptocurrencies to avoid buying this week

Image
The cryptocurrency market remains largely in a consolidation phase, led by Bitcoin (BTC), which is pushing to make a decisive break above the $85,000 resistance while targeting the $90,000 mark. Despite the suppressed price movement, several digital assets are exhibiting increased buying pressure that has elevated them into overbought territory, historically serving as a precursor to price corrections. While short-term traders might still find opportunities in such an environment, the risk of a downturn from the overbought conditions outweighs the potential rewards, hence the need to avoid the following two cryptocurrencies next week. Picks for you XRP ‘setting up for a bull rally to $15’, says expert 4 hours ago XRP price prediction as nu...

WuBlockchain Weekly: Rumors Circulate About Trump Family Investing in Binance US, UAE Royal Family Invests in Binance, Binance Imposes Rare Penalty on a Market Maker, etc

Image
1. Trump Family in Talks to Acquire Stake in Binance US, CZ Seeks Pardon link According to the Wall Street Journal, representatives of President Trump’s family have held negotiations regarding an investment in the US subsidiary of cryptocurrency exchange Binance. CZ has been urging the Trump administration to pardon him. The negotiations began last year when Binance contacted Trump’s allies and proposed a business deal with the Trump family. It remains unclear how the Trump family’s shares would be held if the deal is reached, or whether it is contingent upon a pardon. Insiders said that potential scenarios include the Trump family taking a stake directly or making the deal through World Liberty Financial. Some insiders said that Steve Witkoff, an old friend of Trump and currently his chief negotiator in the Middle East and the Ukraine war, is involved in the deal negotiations. However, CZ tweeted, denying the Wall Street Journal’s report about his discussions with the Trump family reg...

Binance wants a Trump partnership and a pardon for CZ, report

At 9am today, five Wall Street Journal journalists published a claim that Binance founder Changpeng Zhao (CZ) is seeking a presidential pardon from Donald Trump . Their reporting acknowledges CZ’s completion of a four-month prison sentence and claims that unnamed sources familiar with the matter believe CZ has pushed forward with his request despite already serving a sentence. Although the reporters do not speculate on other misdeeds, a US president has the sole authority to preemptively pardon for crimes for which an individual does not yet have a conviction. Per Article II, Section 2, Clause 1 of the US Constitution and Supreme Court precedent in Ex parte Garland (1867), the president wields “unlimited” pardoning power applicable to “every offence known to the law,” even “before legal proceedings are taken.” In addition, Wall Street Journal reporters claim that Binance wants the Trump family or one of its entities, like World Liberty Financial, to invest in Binance. As part...

Layer-1 Altcoin Explodes 81% As Binance Announces Surprise Trading Support

One layer-1 altcoin is surging after a surprise listing by Binance, the world’s largest crypto exchange by trading volume. In a new announcement, Binance says that it is launching futures contracts with up to 75x leverage for Viction (VIC), formerly known as TomoChain. As the listing announcement went out, VIC exploded and is currently up 81% in the last 24 hours, trading for $0.36 at time of writing. With a market cap of $42.3 million, VIC is the 694th largest crypto project. Viction aims to create a network of apps on its blockchain by offering zero-gas transactions, enhanced security and improved scalability. The network says it employs 150 masternodes utilizing a Proof-of-Stake (PoS) consensus. “Viction is a people-centric blockchain, offering zero-gas transactions and enhanced security to make Web3 easy and safe for everyone. Now with Viction World Wide Chain, we provide a novel solution representing a network of app chains that operate concurren...

Best Crypto Altcoins to Buy Now That Could Boom  [March 2025] 

Image
The world of cryptocurrency has evolved into a dynamic and multifaceted ecosystem that continues to reshape the financial landscape. With a myriad of altcoins emerging every year, 2025 is shaping up to be an exciting chapter for enthusiasts and seasoned traders alike. This ever-growing market is not merely a playground for major tokens like Bitcoin and Ethereum but also a hub for innovative and niche-focused altcoins. As we delve into the potential of altcoins this year, it’s crucial to consider those that stand out due to their utility, underlying technology, and potential to address unique challenges. For instance, EarthMeta has been gaining attention for its ambitious goals and unique technological framework. This article will explore a selection of altcoins worth considering in 2025, each with distinct attributes and contributions to the crypto landscape. Let’s take a closer look at these standout altcoins, including EarthMeta EMT , OFFICIAL TRUMP TRUMP , Kusama K...