Author: coinadrenaline
Following the Bybit hack, the team organized a livestream to deliberate on the recent billion-dollar hack that transpired on the exchange. Bybit’s founder Ben Zhao clarified that the platform was undergoing “massive withdrawals” but emphasized, “It’s not an issue—We have enough tokens to give to clients.” Moreover, in a calculated maneuver, a bridge loan secured […]
Bitcoin has soared past the $98,000 on Thursday, fueling intense debate among traders over whether the $100K milestone is again within reach or if the current rally is vulnerable to a swift correction. Behind the scenes, market observers point to surging open interest (OI) and increased leverage, spotlighting the possibility of a leverage-driven push. Bitcoin Rally Or Trap? CryptoQuant community analyst Maartunn (@JA_Maartun) warned of a “leverage driven pump,” noting a $2.4B jump in Bitcoin’s OI within 24 hours. Via X, he wrote: “Leverage Driven Pump: $2.4B (7.2%) increase in Open Interest in Bitcoin over the past 24 hours.” Confirming…
The 90-day moving average of altcoin trading volume on centralized exchanges has risen since mid-November, potentially signaling the start of an altcoin season, according to CryptoQuant.CryptoQuant CEO and founder Ki Young Ju shared data showing the trading volume ratio of altcoins compared to Bitcoin (BTC) rose from 1.77 to 2.77 as of Feb. 20.Ki highlighted that this potentially indicates that “alt season has begun.” Alt season is the period when the prices of altcoins soar compared to BTC.He added:“No direct BTC-to-alt rotation, but stablecoin holders are favoring alts. Alt volume is 2.7x BTC. BTC Dominance no longer defines alt season…
Este artículo también está disponible en español. Ethereum has yet to return to its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep up with the broader market even during price rallies. However, a new technical outlook suggests that Ethereum may soon break free from this underwhelming trend and push toward $4,867 based on a strong meeting of multiple technical indicators. Extremely Strong Support Shows Ethereum Breakout Is Close As revealed by a technical analyst on the…
In April 2025, Bitcoiners from across the world will converge in Douala, Cameroon, for the Conference Bitcoin Afrique (CBA), a groundbreaking event dedicated to Bitcoin adoption in French-speaking African countries.This is not just another crypto or Bitcoin event — it will be a focused, high-impact gathering that aims to educate, empower, and connect the French-speaking Bitcoin community like never before.With over 400 in-person attendees expected and a digital reach exceeding 50,000 people via social media platforms such as Facebook, X, Youtube, and TikTok, this conference represents a crucial milestone in Bitcoin adoption across French-speaking Africa.But why is this event French-only…
We’re excited to announce that applications for the Next Billion Fellowship Program are now open! What is the Next Billion Fellowship Program? The Next Billion Fellowship Program is a search for stories – tangible, human stories that show how Ethereum is helping communities address the challenges they face. Whether it’s implementing digital badges and wallets for millions of scouts worldwide, creating more efficient and affordable crop insurance for smallholder farmers in Kenya, or exploring the role of decentralized systems during humanitarian crises in Syria, each Fellow’s story helps us see Ethereum’s role in human society, not as an abstract technology,…
Indonesian cryptocurrency exchange Indodax recently suffered a significant security breach, resulting in the loss of approximately $22 million in digital assets. The hack, which occurred on September 11, is a stark reminder of the vulnerabilities crypto exchanges face, especially with rising cybercrime targeting these platforms. This incident comes as Indonesia prepares for new regulatory measures in its growing crypto and financial sectors. The breach targeted Indodax’s hot wallets, which are used for daily transactions and are more susceptible to cyberattacks due to their online nature. Blockchain analytics firm SlowMist revealed that the stolen assets were quickly converted into cryptocurrencies such…
This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. 27th February is approaching fast, and something big is happening: large wallet holders are liquidating other positions to get into iDEGEN before it hits exchanges. With just days until the most anticipated AI token […]
Bybit confirmed that its multi-sig cold wallet was breached, just hours after the crypto exchange increased access to liquidation data for transparency. Bybit CEO Ben Zhou stated that hackers infiltrated the exchange’s (ETH) multi-signature cold wallet, draining nearly $1.5 billion in crypto. The breach was first flagged by renowned on-chain sleuth ZachXBT, who alerted the public to suspicious withdrawals from Bybit. Companies use multi-signature wallets to mitigate single points of failure, as multiple parties must approve a transaction. If one signer is compromised, the others can refuse to authorize fund transfers. However, in this case, the hackers managed to deceive…
Bloomberg ETF expert recently predicted that the U.S. SEC has a 65% chance of approving a spot XRP ETF. Polymarket showed an 81% chance that the Ripple ETF will be approved in 2025. In the ongoing market uncertainty, Ripple [XRP] holders seem to be confused due to significant price fluctuations in recent days. The potential reasons for this are the ongoing Ripple cases and the potential approval of a spot XRP Exchange-Traded Fund (ETF) in the United States. Spot XRP ETF and its latest update The Securities and Exchange Commission (SEC) has accepted three XRP ETF submissions within a…