Crypto News
Over $380M Worth of Crypto Stolen During Bybit’s $1.4B Hack Has Gone Dark
Cryptocurrency exchange Bybit's CEO Ben Zhou said that 27.95% of the funds lost in the $1.4 billion exploit engineered by the North Korean Lazarus Group have gone dark or become untraceable."Total hacked funds of USD 1.4bn around 500k ETH. 68.57% remain traceable, 27.59% have gone dark, 3.84% have been frozen. The untraceable funds primarily flowed into mixers then through bridges to P2P and OTC platforms," Zhou said in an executive summary published on X on Monday.The untraceable funds were moved into mixers before being transferred through bridges to P2P (peer-to-peer) and OTC (over-the-counter) platforms, the post explained, mentioning the use of Wasabi, a crypto mixer, to wash off a certain amount of BTC, following which a portion of these funds...
US Dollar Risks Breakdown if Fed Chair Is Fired, Warns French Official
Ousting the Fed chair could shatter U.S. credibility and rattle global markets, the French finance minister warned, citing spiraling instability threatening dollar dominance and investor confidence. Global Markets at Risk as Trump Eyes Removal of Fed Chair Jerome Powell French Finance Minister Eric Lombard voiced sharp concerns about U.S. economic stability in remarks published Saturday,Source link
MSTR Ownership Surges Across 13K Institutions and 55M Beneficiaries
Strategy’s explosive bitcoin-backed growth has unleashed massive institutional momentum, drawing 13,000 firms and exposing 55 million beneficiaries to MSTR through ETFs, pensions, and retirement portfolios. Strategy Expands MSTR Exposure Across 13K Institutions and 55M Indirect Holders Software intelligence firm Microstrategy (Nasdaq: MSTR), now operating under the name Strategy, made headlines Sunday after its executive chairmanSource link
‘We’re Talking to China,’ Trump Says as Markets Prepare for Trade Uncertainty
Over the next week, all eyes will focus on U.S. President Donald Trump’s tariffs after equities and crypto markets rode a roller coaster last week. Trump says China has sought dialogue repeatedly, as the tariff standoff between the U.S. and China reaches unprecedented heights, with each side levying steep duties on the other’s goods. MarketsSource link
Bitcoin Leads XRP, ETH, and ADA Higher as Perceived Threat to Fed Independence Sends Dollar Crashing
Bitcoin (BTC) outshined the otherwise volatile alternative cryptocurrencies early Monday as the dollar index crashed to a three-year low on reports that President Donald Trump is exploring ways to remove the Federal Reserve Chairman Jerome Powell.BTC rose over 2% to $87,200, hitting the highest since April 2, according to data source CoinDesk. The move marked a bullish resolution to the recent consolidation between $83,000 and $87,000. Major alternative cryptocurrencies such as payments-focused XRP, Ethereum's ether and Cardano's ADA rose over 1% each, lagging BTC.In FX markets, hedge funds sold the U.S. dollar against major currencies, including euro, yen and the Aussie dollar, driving the dollar index to 98.5, the lowest since April 2022, according to data from charting platform TradingView....