Cryptocurrency

The memecoin market has erased all of the gains that followed Donald Trump’s presidential victory in November 2024, having lost more than half of its value since December. According to CoinMarketCap data, the total market capitalization of memecoins stood at $54 billion on March 5, down 56% from $124 billion on Dec. 5, 2024. The…

The Bybit exploiter has laundered 100% of the stolen funds after staging the biggest hack in crypto history, but some of the loot may still be recoverable by blockchain security experts. On Feb. 21, Bybit was hacked for over $1.4 billion worth of liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and other ERC-20 tokens, resulting…

A cryptocurrency subsidiary of the Japanese financial conglomerate SBI is preparing to roll out support for Circle’s USDC stablecoin as local regulators soften stablecoin rules. On March 4, SBI VC Trade announced the completion of the first registration related to stablecoin transactions, enabling the firm to start processing USDC (USDC) transactions. After receiving full registration,…

On March 2, XRP registered a massive rally of 34.15%. The price pump came after US President Donald Trump’s announcement that XRP (XRP) would be included in a US strategic crypto reserve alongside Solana (SOL) and Cardano (ADA). XRP 1-day chart. Source: Cointelegraph/TradingView However, the altcoin retraced 50% of its rally on March 3, and…

Losses to crypto scams, exploits and hacks totaled nearly $1.53 billion in February, with the $1.4 billion Bybit hack accounting for the lion’s share of losses, said blockchain security firm CertiK. The Feb. 21 attack on Bybit by North Korea’s Lazarus Group was the largest crypto hack ever, more than doubling the $650 million Ronin…

Bitcoin dominance slipped from 55.4% to below 50% in the hours after US President Donald Trump initially announced the country would include XRP, Solana and Cardano in its “Crypto Strategic Reserve.” Trump later confirmed on Truth Social that Bitcoin (BTC) — and also Ether (ETH) — would be “at the heart of the reserve” —…

Memecoins, once seen as community-driven digital assets, are increasingly being used to exploit retail investors, with a growing number of scams and failed celebrity-backed tokens raising regulatory concerns. The $4 billion collapse of the Libra (LIBRA) token, which was endorsed by Argentine President Javier Milei, is the latest blow to the sector after eight insider…

The Bybit exploiter managed to launder over 50% of the stolen funds within a week since it hacked the exchange, despite onchain analysts exposing their identity. Centralized crypto exchange Bybit was hacked for over $1.4 billion worth of crypto on Feb. 21, marking the largest hack in crypto history The Bybit exploiter has already laundered…

The decentralized perpetual futures trading sector has a new leader: Hyperliquid (HYPE). Launched in December 2024, Hyperliquid has its own Layer-1 blockchain, which has surpassed Solana in 7-day fees.  What’s fueling its rapid growth, and how does HYPE compare relative to Solana’s native token SOL (SOL)? Protocols ranked by 7-day fees, USD. Source: DefiLlama Hyperliquid’s…

New token listings resemble the stock market on steroids. Without the guardrails of traditional finance, prices swing wildly, making—and more often breaking—fortunes in days, if not hours. Binance exchange is often the listing destination of choice for many of these tokens, which offer traders high-risk bets and the chance to chase the next market sensation. …