2025 February
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Bybit Repays Bitget’s 40,000 ETH Loan After $1.4B Hack
- February 25, 2025
- Posted by: newworldfinance
- Category: Uncategorized
No Comments
TLDR: Bybit swiftly repaid a 40,000 ETH loan (~$104M) from Bitget after suffering a $1.4B hack. The attack, attributed to Lazarus Group, caused panic withdrawals exceeding $5B. Despite the breach, Bybit replenished 88% of stolen funds and remains fully operational, with proof-of-reserves confirming customer funds are backed.
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Trump Announces 25% Tariffs on Canada and Mexico, Trade Tensions Rise
- February 25, 2025
- Posted by: newworldfinance
- Category: Uncategorized
TLDR: President Trump announced 25% tariffs on Canada and Mexico, set to take effect March 4, 2025, after a 30-day delay. The move, aimed at trade imbalances and fentanyl trafficking, could disrupt $900B in trade, raise consumer costs, and trigger inflation, with retaliation from Canada and Mexico likely.
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OKX Exchange Settles with DOJ for $500 Million Over Licensing Violations
- February 25, 2025
- Posted by: newworldfinance
- Category: Crypto, Crypto Trading, Cryptocurrency Markets
TLDR: OKX has settled with the DOJ for $500M over licensing violations and illicit transactions. The settlement follows Binance’s $4.3B fine, as regulators tighten oversight on crypto exchanges. Meanwhile, the SEC is easing enforcement actions, closing investigations into Robinhood and Coinbase.
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Robinhood Clears SEC Investigation With No Enforcement Action, Crypto Trading Soars
- February 25, 2025
- Posted by: newworldfinance
- Category: Uncategorized
TLDR: Robinhood avoided SEC enforcement action, securing a regulatory win as crypto trading volume surged 400% to $70B in Q4 2024. With crypto-related revenue up 700%, Robinhood is expanding its crypto services, including Ethereum staking in the EU.
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Sam Bankman-Fried Posts on X for the First Time in Two Years; FTT Token Surges 30%
- February 25, 2025
- Posted by: newworldfinance
- Category: Crypto, Crypto Trading, Cryptocurrency Markets
TLDR: Sam Bankman-Fried posted on X for the first time in two years, commenting on Trump’s government layoffs and comparing them to FTX’s internal failures. FTT token spiked 30%, but quickly retraced. SBF is appealing his case and hoping for a pardon, but Polymarket puts his chances at just 3%.
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Altcoin Market Buzz: Golden Cross Signals Potential 2025 Altseason
- February 24, 2025
- Posted by: newworldfinance
- Category: Crypto, Crypto Trading, Cryptocurrency Markets, Price Analysis
TLDR: A Golden Cross on the altcoin market cap chart, confirmed by
@el_crypto_prof
, suggests a potential 2025 altseason, echoing the 2021 boom. Traders are excited, but skeptics warn of volatility ahead. -
Why Did Pi Network’s PI Token Gain 65% in 24 Hours?
- February 24, 2025
- Posted by: newworldfinance
- Category: Crypto, Cryptocurrency Markets, Price Analysis
TLDR: Pi Network’s PI token surged 65% in 24 hours, rebounding from its post-launch crash. The rally is largely fueled by Binance’s community vote, where 85% of users support listing PI. With official results expected on February 27, traders are betting on an imminent Binance listing.
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SEC Backs Down: OpenSea NFT Probe Dropped as Crypto Wins a Big One
- February 24, 2025
- Posted by: newworldfinance
- Category: Crypto, Press Wire
TLDR: The SEC has axed its investigation into OpenSea after a year-long battle, with CEO Devin Finzer celebrating it as a win for NFT creators. The regulator also dropped its Coinbase lawsuit last week. Crypto’s catching a break—for now.
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Ye Drops Bombshell: ‘Swasticoin’ Crypto Token Set to Launch Next Week
- February 24, 2025
- Posted by: newworldfinance
- Category: Crypto, Cryptocurrency Markets
TLDR: Ye’s teasing a “Swasticoin” token drop next week, promising early access to Jewish people and friends while eyeing blockchains like Ethereum and Solana. Insiders hint it might be “YZY” instead, with Ye keeping 70% of the supply. Meme coins are hot in 2024, and this could be the wildest yet.
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North Korea’s Lazarus Group Strikes Again: The $1.4 Billion ByBit Heist
- February 24, 2025
- Posted by: newworldfinance
- Category: Crypto, Crypto Trading, Cryptocurrency Markets, Price Analysis
TLDR: North Korea’s Lazarus Group pulled off a $1.4 billion hack on ByBit using a sophisticated exploit. Instead of hacking ByBit’s servers, they tricked the exchange’s security team into approving a fraudulent transaction, which gave them control over ByBit’s cold wallet. The stolen funds were split into 53 wallets and are now being laundered.