jahangir-hz

@jahangir-hz

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Bybit Founder Promises Full Refund of $1.46 Billion Loss The founder of cryptocurrency exchange Bybit has officially stated that the exchange remains financially sound and has pledged to fully compensate for the $1.46 billion in losses caused by the recent hack. The statement comes after a major security incident that resulted in the unauthorized withdrawal of a significant amount of Ethereum (ETH) from the exchange’s cold wallets. The reassuring move could help restore trust in the platform from users and investors.

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Argentina's president could face impeachment over fake meme coin promotion Argentina's opposition lawmakers said on Saturday that the country's embattled president, Javier Milei, will face impeachment in Congress for promoting a fraudulent meme coin that has plummeted in value, Reuters reported. Milei introduced the unknown Libra currency on social media late Friday, sending it to nearly $5 per unit. Within hours, the cryptocurrency had plunged 95 percent. "This scandal, which is embarrassing us internationally, requires the impeachment of the president," said opposition coalition lawmaker Leandro Santoro. The Argentine Chamber of Financial Technology said the case was likely a "rug pull" scam. The Argentine president said after removing his ad that he had nothing to do with the cryptocurrency and was unaware of the details of the project.

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NYSE proposes staking in Grayscale’s Ethereum ETF The New York Stock Exchange (NYSE) has proposed allowing staking in Grayscale’s Ethereum exchange-traded fund (ETF). If approved, the Grayscale Ethereum ETF could benefit from staking capabilities and holders could receive staking rewards. The move could have a significant impact on the cryptocurrency ETF industry and open up a new avenue for institutional investors in the Ethereum space. It’s unclear when the proposal will be approved or rejected, but regulators have begun reviewing it.

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OpenSea Market Denies Rumors of Authentication Requirement for Potential Token Airdrop NFT marketplace OpenSea has denied rumors that users will be required to go through a Know Your Customer (KYC) process for participating in a potential token airdrop. A link to a website apparently associated with the OpenSea Foundation on social media has sparked speculation about a potential OpenSea token airdrop. Some users have claimed that the airdrop may require authentication, age verification, and VPN restrictions in certain countries. OpenSea has responded by saying that none of the rumors are true. Devin Finzer, CEO of OpenSea, explained that the information posted was a default text used on a test site and does not reflect the actual rules. It is worth noting that OpenSea has not yet officially confirmed any plans for its token airdrop. Speculation increased after the introduction of OpenCash’s points system, which many saw as a prelude to rewarding loyal users with token airdrops.

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Crypto Market Awaits US Inflation Release The crypto market is awaiting the release of the US Consumer Price Index (CPI) this week, which could have a major impact on the Federal Reserve’s interest rate policy. The release of recent labor market data, which showed signs of slowing employment growth, has fueled hopes for a rate cut. Following the report, Bitcoin temporarily crossed the $100,000 mark, indicating investor optimism. In addition to the CPI, the market is also eyeing the Producer Price Index (PPI) as well as Federal Reserve Chairman Jerome Powell’s testimony to the US Congress. These events are expected to provide clues about the Fed’s future policies and determine the direction of financial markets, including cryptocurrencies. If inflation rates are higher than expected, selling pressure in financial and crypto markets is likely to increase.

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Check your $DEGEN Stats. Frame by @nikolaii.eth 🚀

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Coinbase CEO Finds New Clues to Satoshi Nakamoto New research by Coinbase CEO Conor Grogan suggests that the last known activity on the blockchain by Bitcoin creator Satoshi Nakamoto occurred in 2014. The findings suggest that Satoshi likely used Canadian exchange Cavirtex. Referring to the mining pattern of Patoshi, a collection of addresses associated with Satoshi, Grogan said that these addresses hold about 1.096 million bitcoins, worth approximately $108 billion. Analysis identified 24 outgoing transactions from these addresses, with the largest recipient being the address 1PYYj. This address received Bitcoin from the Cavirtex exchange, marking the first recorded interaction between a wallet associated with Satoshi and a centralized exchange. The hostage advised former Kraken CEO Jesse Powell to delete the authentication data associated with these transactions to preserve Satoshi's anonymity.

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Dormant Bitcoin Wallets Awaken: $348 Million Moved in January 2025 In January 2025, 89 old Bitcoin (BTC) wallets that had been inactive from 2011 to 2017 became active, moving a total of 3,422 Bitcoins worth $348 million. The largest volume of transfers came from 2017 wallets, with 20 unique addresses transferring 1,224 Bitcoins to newer wallets. One of the most notable transactions was a transfer of 396 Bitcoins from a wallet created on June 14, 2017. This large movement in old wallets could indicate a change in strategy by long-term holders or a potential sell-off.

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Bitcoin plummets to $93,000; Ethereum, memecoins fall 15% The cryptocurrency market started the week with a heavy fall. Bitcoin (BTC) hit a daily low of $93,000, while Ethereum (ETH) and top memecoins lost about 15% of their value. The fall coincided with the announcement of new tariffs by Donald Trump, which has increased concerns about the start of a new trade war. In the wake of these developments, the total value of the cryptocurrency market fell 9.5% to $3.04 trillion, while trading volume increased 182% to $286.91 billion. Bitcoin has seen $397 million in positions liquidated in the past 24 hours, according to CoinGlass data. Meanwhile, Ethereum fell 18% to $2,551, with $576 million in liquidation in the past day. Market analysts remain divided on the future of cryptocurrency prices; some expect an improvement, while others see a further decline.

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XBT AI: Altcoin Season to Begin in March XBT AI, an AI tool for analyzing the cryptocurrency market, has predicted that the altcoin season (the period of altcoin price growth) will begin in March 2025. The altcoin season is usually referred to as a period in which other cryptocurrencies outperform Bitcoin (BTC) and investors are more willing to invest in these currencies. This prediction comes as the cryptocurrency market has been largely influenced by Bitcoin price fluctuations in recent months.

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El Salvador Changes Bitcoin Law to Receive IMF Loan El Salvador’s Congress has amended the country’s Bitcoin (BTC) law to meet the terms of a deal with the International Monetary Fund (IMF) to secure a $1.4 billion credit facility. The changes include removing Bitcoin’s legal status as a currency and making its acceptance optional. The ability to pay taxes in Bitcoin and price goods based on it has also been abolished. Although El Salvador’s President Nayib Bukele has downplayed the impact of the changes, the changes will bring significant changes to how Bitcoin is used in the country. In addition, El Salvador’s official Bitcoin wallet, Chivo, will be sold or shut down.

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US President Donald Trump has lashed out at Federal Reserve Chairman Jerome Powell, accusing him of failing to curb inflation. The comments came after the Fed decided to keep interest rates unchanged. In a message on the social network Truth Social, Trump claimed that he would succeed in controlling inflation by liberalizing US energy production, reducing regulations, balancing international trade and reviving domestic production. He also accused the Fed of focusing too much on issues such as diversity, equality and inclusion, gender ideology and climate change, saying that if the Fed had spent less time on these issues, inflation would never have become a problem.

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Check your $DEGEN Stats. Frame by @nikolaii.eth 🚀

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Looking forward to adding my favorite memecoins to @basketdotfarm https://basket.farm

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Check your $DEGEN stats frame by @mohammad98

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Check your $DEGEN Stats. Frame by @nikolaii.eth 🚀

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Check your $DEGEN Stats. Frame by @nikolaii.eth 🚀

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Check your $DEGEN Stats. Frame by @nikolaii.eth 🚀

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Check your $DEGEN Stats. Frame by @nikolaii.eth 🚀

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