Author: James Wilson

On-chain data shows Binance has facilitated withdrawals for millions worth of ETH and SOL in the past 24 hours of trading, what could this mean? According to data from Arkham Intelligence, Binance’s holdings has seen a surge in activity in the past day of trading, specifically regarding its Ethereum (ETH) and Solana (SOL) holdings. The largest crypto exchange by daily trading volume has ignited a buzz in crypto trading discourse online when users detected major activity on Binance’s hot wallet. According to on-chain data, in the past few hours Binance’s hot wallet off-loaded at least 103,570 SOL, or equal to…

Bybit was hit with one of the biggest hacks in crypto history, losing $1.4 billion overnight. But instead of collapsing, it’s fighting back at full speed. What has happened since? Let’s break it down. Bybit regaining strength bit by bit Bybit, after suffering one of the largest crypto exchange hacks in history, has pulled off what many feared could take months — if not longer. The $1.4 billion breach on Feb. 21 saw hackers drain one of Bybit’s cold wallets, a storage method typically considered the safest due to its lack of internet exposure.  Yet, the attackers exploited vulnerabilities in…

The European Union has rolled out a new round of sanctions, adding crypto exchange Garantex, which was already blacklisted by the U.S. Treasury’s OFAC. The European Union has added Russian crypto exchange Garantex to its sanctions list as part of a new round of penalties aimed at curbing financial networks supporting Moscow. Garantex, which was already blacklisted by the U.S. Treasury’s Office of Foreign Assets Control in 2022, has been added to the E.U.’s sixteenth sanctions package, which targets 48 individuals and 35 entities “directly supporting the Russian war effort,” the Council of the E.U. said in a Feb. 24…

Pi’s price is holding steady above $1.50, fueled by hopes of a potential Binance listing. Pi Network (PI) token officially launched on Feb. 20, coinciding with the launch of Pi Network’s mainnet. Shortly after launch, several centralized exchanges, including OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget, listed PI for trading. Following these listings, PI’s price surged 36.8% within the first hour, reaching a high of $1.97, according to CoinGecko. However, a rapid sell-off followed as early adopters started liquidating their holdings. As a result, the price plunged from its all-time high of $1.97 to its all-time low of $0.61…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana traders are turning to RCO Finance in anticipation of a massive surge in the second quarter of 2025. Analysts have warned that Solana (SOL) may face a prolonged downturn due to the recent meme coin scandals on its network. As a result, many Solana traders are taking profits and reinvesting in RCO Finance (RCOF) in anticipation of massive gains in Q2 2025. RCO Finance has raised over $13 million from smart money and retail investors during its ongoing…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Following CZ and Vitalik’s glistening endorsements of decentralized science (DeSci) in the last few months, the movement has been revived and is being hailed as the next great frontier in web3. DeSci promises to democratize research funding, enhance transparency, and create global open collaboration. The idea is tantalizing: a blockchain-powered transformation of the scientific process that bypasses the inefficiencies and biases of traditional, centralized funding systems. But for all its promise, DeSci today is at a perilous…

Crypto VC firm Foresight Ventures has committed $25 million to support early-stage blockchain initiatives on BNB Chain. Singapore-based crypto venture capital firm Foresight Ventures will invest up to $25 million in projects on BNB Chain through 2025 as part of the BNB Incubation Alliance. In a Feb. 24 press release shared with crypto.news, the firm said the initiative is aimed at boosting blockchain adoption by supporting emerging startups via BIA, an initiative which supports projects with access to resources, mentorship, and funding opportunities, including grants from BNB Chain and support from YZi Labs. “By backing projects within BIA, we aim…

KIP Protocol, a web3 firm associated with the scandal token, distanced from the token launch, stating it had no role in initiating or managing the project. The controversy over a token promoted by Argentinian President Javier Milei, which has plunged 95%, continues as a web3 firm cited by a key sniper claims it was used as a “convenient party to provide cover for others who initiated and managed the token launch.” STATEMENT FROM KIP ON $LIBRA LAUNCH24 February 2025We recognize the harm that the $LIBRA situation has caused many investors, our customers and to the wider crypto community. Like many,…

Crypto exchange eXch has denied allegations that it was involved in laundering the funds stolen from Bybit, following claims from several sources. eXch has denied allegations of laundering funds stolen from Bybit. The initial accusation came from blockchain sleuth ZachXBT on Feb. 22, when he reported in his investigations Telegram group that eXch laundered $35 million of the funds stolen from Bybit. He also noted that 34 Ethereum (ETH) was mistakenly sent to a hot wallet of another exchange during the process. Source: Investigations by ZachXBT Aligning with ZachXBT’s claims, Nick Bax of the Security Alliance estimated that eXch processed…

Another Bitcoin reserve bill has been introduced in Georgia to allow the state treasurer to invest in Bitcoin without limits, only 10 days following the first bill’s submission. If passed, the second Bitcoin (BTC) reserve bill introduced in the state would allow the state treasury to invest in Bitcoin without any investment restrictions. The bill, known as Senate Bill 228, would also require the Georgia State Treasury Department to develop its own policies and procedures that would permit the “acceptance, storage, and transacting of Bitcoin.” The bill also stipulates that BTC investment by the state treasury will be held in…