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Bitcoin Volatility Looms as Prices Hover Near $96K Amid Industry Shocks

The cryptocurrency world is buzzing with tension as Bitcoin hovers near $96K, a price point that’s got traders on edge. On February 24, 2025, all eyes are on Bitcoin volatility as key market indicators hint at an explosive shift. This comes hot on the heels of a jaw-dropping $1.4 billion Ethereum heist targeting Bybit, one of the industry’s heavy hitters, executed by North Korea’s infamous Lazarus Group. The hack triggered a staggering $5.5 billion withdrawal spree, pushing Bybit to the brink of collapse. But here’s where it gets wild: Bitget, a rival exchange, swooped in like a crypto superhero, transferring

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Bitget’s Liquidity Support Rescues Bybit After Historic Hack

Bitget stepped in to help Bybit, another crypto exchange, after Bybit was hacked and faced a liquidity crunch. The hack, carried out by North Korea’s Lazarus Group, stole $1.4 billion in ETH, causing users to withdraw $5.5 billion in assets. Bitget’s $106 million ETH transfer, along with $132.5 million from Binance, stabilized Bybit within 24 hours. This move prevented Bybit from collapsing and showed how crypto exchanges can support each other during crises. It’s a big deal because such cooperation is rare in a competitive industry, boosting trust in the sector. Bybit launched a $140 million bounty to recover stolen

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Warren Buffet’s Record-Breaking Cash Position: What It Means for Investors

What Happened?Warren Buffet, through his company Berkshire Hathaway, has built up a massive cash reserve of $334 billion. This record amount came after selling $5.5 billion worth of its stake in Bank of America, a bank it has held for years. This news broke on February 22, 2025, and has got people talking about what Buffet might do next. Why It MattersHaving this much cash means Buffet might be preparing for a big purchase, like buying another company, or he could be worried about the stock market getting too expensive. It’s a big deal because Buffet is famous for his

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Lazarus Group’s Crypto Gifts: A New Threat to Crypto Security

The Lazarus Group, linked to North Korea, has started sending cryptocurrency, called crypto gifts, to employees of crypto companies. They do this to gain trust, then trick these employees into downloading malware, which helps them break into the firms’ systems. This was reported on February 22, 2025, by CryptoSlate (North Korea’s Lazarus Group now using crypto gifts). Why It’s SurprisingIt’s surprising because instead of hacking directly, they’re now using a psychological trick, sending gifts like $400 in USDT to seem friendly before attacking, making it harder for firms to defend against. What’s Next?Crypto firms need to train employees to spot

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Franklin Templeton Files for Solana ETF that Includes Staking

What’s the News? Franklin Templeton, known for managing over $1.5 trillion in assets, recently filed for a Solana ETF on February 21, 2025. Unlike typical ETFs that just hold assets, this one will also stake Solana (SOL) tokens to earn rewards, which could be passed on to investors. This move aims to bring Solana, a fast-growing blockchain, into mainstream investing. Why It Matters This is a big deal because it mixes traditional investment products with decentralized finance (DeFi) practices like staking. If approved, it could make Solana more accessible to regular investors and boost its adoption, especially with the SEC

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Bitcoin’s Record-Breaking Trading Volume Stuns Exchanges, Fueling $100,000 Predictions

What Happened? On February 22, 2025, Bitcoin’s trading volume soared to $35 billion in 24 hours, the highest recorded this year. This spike, driven by institutional investors and regulatory approvals for Bitcoin ETFs, has stunned crypto exchanges and fueled market excitement. Why It Matters This event suggests growing confidence in Bitcoin as a mainstream investment, potentially pushing its price past the $100,000 mark. It’s surprising that such a high trading volume could indicate Bitcoin is entering a new growth phase, possibly driven by traditional finance’s involvement. What’s Next? While some experts are optimistic, others warn of potential volatility. All eyes

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Fidelity’s Top Investment Strategist Sees Bitcoin and Gold as Partners in the Store of Value Arena

In a recent development that has sparked interest across financial and cryptocurrency circles, Jurrien Timmer, the director of global macro at Fidelity Investments, made a compelling statement on February 21, 2025, via an X post thread. Timmer posited that Bitcoin and gold are on the “same team” as stores of value, yet they play distinct roles due to their differing responses to monetary expansion. This analysis delves into the details of his statement, its implications for investors, and the broader market context, ensuring a thorough understanding for both novices and seasoned market watchers. Background on Jurrien Timmer and Fidelity Jurrien

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Crypto.com and Kraken Eye Stablecoin Launch in Europe Amid Regulatory Shift

As Europe’s cryptocurrency landscape evolves under the Markets in Crypto-Assets (MiCA) framework, two industry giants—Crypto.com and Kraken—are reportedly gearing up for a game-changing stablecoin launch. Announced on February 21, 2025, this move comes as the European Union tightens its grip on stablecoin regulations, pushing out non-compliant tokens like Tether (USDT) by March 31, 2025. With the clock ticking, these exchanges are poised to seize the opportunity and deliver MiCA-compliant stablecoins tailored for the European market. The catalyst? The EU’s directive to phase out stablecoins that fail to meet stringent standards has left a vacuum in the region’s crypto ecosystem. Crypto.com

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Canary Capital’s Litecoin ETF Hits DTCC with Ticker LTCC: A New Era for Crypto Investing?

In a groundbreaking development for the cryptocurrency market, Canary Capital’s Litecoin ETF has officially been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol LTCC as of February 21, 2025. This milestone marks a significant leap forward for Litecoin (LTC), often dubbed the “silver to Bitcoin’s gold,” as it edges closer to mainstream financial acceptance. The listing on DTCC, a critical infrastructure provider handling trillions in daily securities transactions, hints at an imminent launch—though regulatory approval from the U.S. Securities and Exchange Commission (SEC) is still pending. The news broke early today, sparking excitement across the

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Changpeng Zhao Sparks Debate: Is the U.S. Government Secretly Accumulating Bitcoin?

In a cryptic yet provocative statement, Binance co-founder Changpeng Zhao has ignited speculation within the cryptocurrency community by suggesting that the U.S. government could be quietly amassing Bitcoin reserves. The Changpeng Zhao Bitcoin Hint came via an X post on February 19, 2025, where he wrote, “You can buy bitcoins after the US government is done buying, or before. There is no other choice, btw,” accompanied by a shrugging emoji. This enigmatic comment has fueled debates about whether the U.S. is indeed entering the Bitcoin market on a large scale. The Changpeng Zhao Bitcoin Hint builds on Zhao’s history of

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