Bybit has recovered about 70% of its Ethereum reserves and currently holds about 308,100 ETH

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pump .fun Yesterday's Protocol Fee Revenue Dropped Over 88% from Historical Peak

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🗞 February 22, 2025 cryptocurrency news highlights

【Cryptocurrency】
Elon Musk proposed “FAFO”, the Federal Agency for Financial Oversight, as the enforcement arm of DOGE.

【Economy】
Lazarus Group hacked Bybit for $1.4B, laundering funds through multiple wallets. Bybit offers a 10% bounty, recovering $43M so far. Tether froze 181K USDT. 🔓

【Indicators】
Bybit has recovered about 70% of its Ethereum reserves and currently holds about 308,100 ETH

【More】
pump .fun Yesterday's Protocol Fee Revenue Dropped Over 88% from Historical Peak

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Bybit officials said that it successfully froze $42.89 million of stolen funds in one day through multi-party coordination efforts 🤝

The institutions that provide assistance include Tether, THORChain, ChangeNOW, FixedFloat, Avalanche Ecosystem, CoinEx, Bitget, Circle, etc.

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HK Asia Holdings Approved for Bitcoin Expansion

Hong Kong Asia Holdings Limited, a publicly traded company, has received regulatory approval to increase its Bitcoin holdings by purchasing an additional 7.88 BTC, signaling a strong bullish sentiment towards cryptocurrency in Asia. This move is seen as a significant step towards institutional adoption of cryptocurrencies in the region, reflecting a broader trend of financial entities integrating digital currencies into their investment strategies.

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The market shows that BTC has broken through $96,000 and is now reported at $9,6004.35. The 24-hour decline narrowed to 0.65%, and the market fluctuates greatly 🪙

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Kanye denied transferring (or hosting) his X account to BarkMeta Doginals ❌

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Bybit has returned 447,000 ETH through multiple channels, close to making up for the gap in hacking incidents

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Shield Protocol: Infini Hack Incident May Involve Private Key Leak

According to PeckShield monitoring, the stablecoin digital bank Infini's funds were transferred to a wallet funded by Tornado Cash, and the received funds have been exchanged for DAI. "It appears that private key 0xc49b...e3e1 has been compromised."

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Bybit CEO Ben Zhou stated that the exchange has fully closed the stolen ETH gap, with its newly audited proof-of-reserves confirming 100% 1:1 asset backing.

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Crypto bank Infini is exploited with hackers stealing over $49.5m to acquire 17,695 ETH at an average price of $2,798.

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Bitcoin Hodl Strategy Unrealized Gains Surpass $14.7 Billion, Average Purchase Price Around $66,357

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🗞 February 24, 2025 cryptocurrency news highlights

【Cryptocurrency】
The market shows that BTC has broken through $96,000 and is now reported at $9,6004.35. The 24-hour decline narrowed to 0.65%, and the market fluctuates greatly 🪙

【Economy】
Bybit CEO Ben Zhou stated that the exchange has fully closed the stolen ETH gap, with its newly audited proof-of-reserves confirming 100% 1:1 asset backing.

【Indicators】
Bitcoin Hodl Strategy Unrealized Gains Surpass $14.7 Billion, Average Purchase Price Around $66,357

【More】
HK Asia Holdings Approved for Bitcoin Expansion

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💸 The market shows that BTC has broken through $95,000, and now it is reported at $9,9013.5. The 24-hour decline narrowed to 0.38%, and the market fluctuates greatly

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The United States Department of Justice begins an investigation into the cryptocurrency case $ LIBRA , following the complaint filed against Argentine President Javier Milei

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BTC fell below $91,400, and now reported $91388.01, with a 24-hour decline of 5.1%, and the market fluctuates greatly 💰

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🇺🇸 Representatives in Ohio introduce bill that would remove state taxes on Bitcoin payments

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Over $950m was liquidated in the past 24 hours, including $800m in long positions, as Bitcoin fell from over $96,000 to under $91,000.

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OKX agreed to a $505m settlement with the U.S. DOJ for operating without a license. It will pay $84m in penalties and forfeit $421m in fees.

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Since reaching its peak on February 7th, the Bitcoin ETF has seen a net outflow of $1.649 billion.

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