You might not want to look at the charts right now.
Crypto prices are crashing Monday following an action-packed few days for industry moves. Bitcoin just hit $92,000 while major coins like Ethereum, Solana, XRP, and Dogecoin are all showing brutal drops in excess of 10% over the last day. Solana hasn’t been this low since October.
The markets plunge comes just days after crypto exchange Bybit was hacked for over $1.4 billion worth of Ethereum and related tokens on Friday, marking crypto’s worst-ever hack. And there was more bad news Monday, with OKX revealing that it pleaded guilty to U.S. charges and will pay over $500 million in penalties and forfeiture.
On the other hand, there’s also been good news—Robinhood announced Monday that the SEC is dropping its investigation against the platform, joining OpenSea and Coinbase in securing recent wins against the regulator. But the markets certainly aren’t celebrating that kind of news right now.
Bitcoin, Ethereum Liquidations Surge as Solana, XRP and Dogecoin Plummet
Crypto prices are falling, as Bitcoin and Ethereum lead $686 million worth of liquidations and Solana and Dogecoin show double-digit losses.
SEC Ends Robinhood Investigation 'With No Action'
The trading platform said in a statement that the regulator's investigation “should never have been opened.”
OKX Pleads Guilty, Pays $500 Million for Illegally Serving US Customers
Crypto exchange OKX has agreed to settle a DOJ investigation by paying over half a billion dollars after U.S. customers used its platform.
Bitcoin ETFs Have Shed $929 Million So Far in February
Despite the S&P 500 and gold hitting record highs of late, Bitcoin ETFs have seen steady outflows over the past two weeks.
Tokenization is Already Helping the World's Vulnerable. Here's How
From aid payments to protection against hyperinflation, tokenization can benefit millions, says the Stellar Development Foundation.
(Sponsored post by the Stellar Development Foundation)
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📹️ WATCH: Crypto Falls After Hack, SOL Underperforms, Sonic & Berachain Heat Up
Crypto falls after macro-sell off and huge hack. North Korea’s Lazarus behind $1.4bn Bybit hack. Hack caused by musking attack of Safe website. Bybit’s ETH reserve’s restored after loans & buyback. Bybit offers 10% reward for returned funds. Large amounts of hacked funds already blocked. Safe moves to increase security following hack. Hacker now has more ETH than ETH Foundation, more.
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