Author: NBTC
Cryptocurrency exchange Bybit, which recently suffered a major security breach, has released a detailed investigation report into the incident. The findings, compiled by cybersecurity firms Sygnia and Verichains, suggest that the attack was caused by a compromise of Safe{Wallet}’s infrastructure rather than Bybit’s own systems. The unauthorized activity was first detected on February 21, 2025, when Bybit noticed suspicious transactions involving one of its Ethereum (ETH) cold wallets. According to the report, the attack occurred during a multisig transaction from a cold wallet to a hot wallet via Safe{Wallet}. A malicious actor was able to intercept the transaction, manipulate the…
The Head of Research at CryptoQuant has revealed why it may be too early to call a bottom for Bitcoin, based on the trend in on-chain data. Bitcoin MVRV Z-Score Has Plunged Under Its 365-Day MA In a new post on X, CryptoQuant Head of Research Julio Moreno has talked about why Bitcoin may not have reached a bottom yet. “All valuation metrics are in correction territory,” notes the analyst. “It can take more time.” An indicator that Moreno has cited as an example of this trend is the Market Value to Realized Value (MVRV) Z-Score. This metric basically tells…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Ethereum is down -10.23% today against the US Dollar ETH/BTC decreased by -2.28% today Ethereum is currently trading 10.86% below our prediction on Mar 05, 2025 Ethereum dropped -32.80% in the last month and is down -39.06% since 1 year ago ETH price is expected…
In a significant development for XRP, the fourth largest cryptocurrency, major Japanese cryptocurrency exchange Bitflyer is planning to launch XRP crypto CFD, allowing leverage trading for traders. Contracts for Differences (CFDs), similar to derivatives contracts, are a financial instrument that allows traders to speculate on the price movements of cryptocurrencies without owning the underlying asset. Additionally, CFDs give traders price exposure to manage price risk if they also own the underlying asset. Bitflyer made this development known in a recent tweet. Before this time, Bitflyer only offered crypto CFD for Bitcoin; now this would include ETH and XRP. ／ETH ＆…
Bitcoin hit a low of $79,500 on Binance on Thursday, marking a 26% decline from its January peak, as broader market risk aversion continues to pressure crypto assets. The leading digital asset could retreat to $70,000 — a level not seen since Election Day — if it fails to reclaim $90,000, according to Wolfe Research. A drop to the mid-$70,000 range is possible, Wolfe analyst Read Harvey warned, noting that a break below the key $91,000 support signals a bearish turn, and current price action is concerning. “$91,000 acted as the floor over the past several months. With that level…
According to the Global Capital Markets analysis team, the Kobeissi Letter, Ethereum (ETH) has shed almost 50% of its value since the end-2024 bull market run that began when President Donald Trump won the US elections. The global crypto market is also down 30% from its 3-month high of $3.895 trillion, according to Coingecko. This week, the cryptocurrency market has mostly been trading in the red, against the backdrop of a hack that saw crypto exchange Bybit lose approximately $1.4 billion worth of Ether tokens. Ethereum is down nearly 50% from its highs seen after the election in late-2024. Crypto…
Russia is delaying the mass rollout of its digital ruble to ensure the pilot runs smoothly and banks align on a viable economic model. Russia‘s central bank, the Bank of Russia, has decided to delay the mass rollout of its central bank digital currency, known as the digital ruble, as officials work to improve the pilot and discuss the economic model with banks, Russia’s state-backed news agency TASS reports. The new launch date will be announced later, authorities said, emphasizing the need to ensure the system benefits both banks and their clients. “We will move to the mass implementation of…
Bitcoin has experienced a sharp decline in price this week, dropping from $95,700 to below $80,000. The crypto king’s recovery seems uncertain, as large wallet holders, known as whales, have capitalized on the price dip, selling a substantial amount of their BTC holdings. This selling pressure further worsens the situation for investors who are already reeling from the downtrend. Bitcoin Holders Are Cashing Out Whales and sharks, specifically wallets holding 10 or more BTC, have been active in the market, dumping around 6,813 coins, approximately worth $540 million, since last week. This is the largest drop since last July and…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Digital assets are going mainstream. How else would you describe an asset class being issued, developed, and openly supported by projects associated with a septuagenarian US president? Despite this, the price of Ethereum (ETH) is underperforming versus expectations. This is a sentiment that is reflected throughout social media. You might also like: The Ethereum paradox: Too big to fail or too slow to matter? | Opinion There are many theories as to why this is, ranging from…
The benchmark 10-year Treasury yield fell 4 basis points to 4.25% after Trump announced the expansion of trade tariffs to the EU. The 2-year Treasury yields fell 2 basis points to 4.07%. The 10-year Treasury yield fell to its lowest level since December as the market prepared for the implementation of Washington policies. The yields dropped to 4.25% after Trump announced he would expand the scope of the trade tariffs. 10-year Treasury yield drops to 4.25% amid economic uncertainties The 2-year Treasury yield fell 2.6 basis points to 4.071% from 4.097% on Wednesday. The closing level was the lowest since…