Coindesk

Binance founder Changpeng Zhao (CZ) has recommended that Bybit should halt withdrawals as a security precaution following Friday's $1.5 billion hack."Not an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Good luck," he wrote in an X post. In response to concerns that it would stoke further fear, CZ added: "1.5 billion is fear enough. Better to be safe than sorry now."Arkham data shows that Bybit still has $20 billion in assets, and the company's CEO, Ben Zhou, said that the exchange "is solvent even if this hack loss is not recovered."Blockchain sleuth ZachXBT revealed that the hacker is beginning to split up...

State-owned Banco Nacional (BN), the largest commercial bank in Costa Rica and one of the biggest in Central America with over $7 billion in assets, is launching a spot bitcoin exchange-traded fund through its investment management arm, BN Fondos, according to local reports.This marks the first time that Costa Ricans will have access to any type of crypto investment product through the country's banking system.The firm is also launching a S&P 500 ETF alongside the bitcoin vehicle. The minimum investment amount for each fund is $100. Investments will be taken in U.S. dollars instead of Costa Rican colones.“ regulation doesn’t permit investments in things that aren’t investment vehicles, and bitcoin isn’t considered an investment vehicle from a regulatory perspective, but...

Major cryptocurrency exchange Bybit said all of its liquidation data is now publicly available through an upgrade to its application programming interface (API).With the upgrade, the API delivers liquidation data updates every 500 milliseconds, twice as fast as the previous version, which provided just one update per second per trading pair, it said.The change ensures that every liquidation event is captured in real time, eliminating blind spots that previously obscured the true scope of market activity“The real spirit of crypto is transparency. By making all liquidation data fully public, we’re empowering traders and analysts with the insights they need,” CEO and co-founder Ben Zhou said in a statement.Liquidation data helps traders identify market trends, support and resistance levels, and potential...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3321.84, up 1.4% (+45.53) since 4 p.m. ET on Thursday.18 of 20 assets are trading higher.Leaders: LTC (+6.8%) and DOT (+4.9%).Laggards: XRP (-0.5%) and XLM (-0.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

The Securities and Exchange Commission (SEC) potentially dropping its Coinbase lawsuit could help boost sentiment for not only crypto tokens that were alleged as securities under the last presidential administration but also popular exchange Robinhood's (HOOD) shares.Read more: SEC Poised to Drop Coinbase Lawsuit, Marking Big Moment for U.S. CryptoWhile the SEC hasn't officially voted on the Coinbase case, it will likely be welcomed by the industry that has faced enforcement by the agency under the Joe Biden administration. Robinhood was one of the exchanges that had to delist all of the tokens that were alleged to be securities in June 2023. However, after President Donald Trump won the U.S. presidential election last year, the exchange added back some of...