Embattled crypto exchange Bybit experienced a sharp decline in its reserves, shedding over $6 billion in just two days. This mass exodus of funds followed a $1.4 billion exploit on Feb. 21, triggering widespread panic among users. Data from DeFiLlama reveals that Bybit processed $2.5 billion in withdrawals on Feb. 22 and another $3.26 billion […]

The post Bybit’s reserves plunge by $6 billion in two days after exploit appeared first on CryptoSlate.

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Learn MoreBybit’s reserves plunge by $6 billion in two days after exploit

Friedrich Merz’s CDU/CSU secured 28.52% of the vote while the far-right Alternative for Germany (AfD) secured 20.8% of the vote. …

Learn MoreGermany’s Centre Right Alliance Secures Most Seats in EU Nations Election

A rogue developer who retained admin rights after project delivery is the prime suspect in the theft of $50 million in USDC from the crypto payments firm.

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Learn MoreInfini loses $50M in exploit; developer deception suspected

Ethereum prices have shown signs of recovering as Bybit buys back enough ETH to cover its losses.  …

Learn MoreEthereum Bounces Back as Bybit ‘Closes Gap’ on Hack Losses

Raydium’s token has dropped 25% after an onchain sleuth said they found Pump.fun was making a protocol that could cut off a source of the DEX’s revenue.

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Learn MoreRaydium token RAY ‘falling off a cliff’ as Pump.fun rumored as testing AMM

[PRESS RELEASE – Seoul, South Korea, February 24th, 2025] MARBLEX, the web3 gaming ecosystem powered by global gaming giant Netmarble, and Dracoon Ventures, a web3 game-specialized VC, are officially opening applications for MBX/HACK the FUN. This hybrid program combines a hackathon with an acceleration initiative, designed to help web3 game developers build, refine, and successfully […] …

Learn More‘MBX/HACK the FUN’ Opens Applications: An Acceleration Program for Web3 Game Developers

SOL put options accounted for most of the block trades that crossed the tape on Deribit last week. …

Learn MoreSolana Whales Increase Engagement in Bearish Options Plays on Deribit Amid SOL Meltdown and Impending Unlock

OKX Ventures’ founder Jeff Ren told Cointelegraph that fund-worthy crypto startups are ones that combine solid tech with an ability to adjust as the market evolves.

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Learn MoreCrypto startups can’t just rely on solid tech to win VC funding: OKX