Author: John Smith

Hong Kong-based investment holding company HK Asia will buy more Bitcoin after securing board approval to expand its cryptocurrency holdings. According to a Feb. 23 announcement, the company’s board of executive and non-executive directors approved plans to increase the company’s Bitcoin investments, allowing HK Asia to purchase an additional 7.88 BTC.  The acquisition, made on Feb. 20 through an open market cryptocurrency exchange, was financed using “proceeds from the Group’s internal resources” and cost HK$5,936,906.26, roughly $761,705. This move follows HK Asia’s first Bitcoin purchase on Feb. 16, when the company bought 1 BTC. With the latest purchase, HK Asia’s…

U.S. spot Bitcoin exchange-traded funds have experienced their second consecutive week of over $500 million in outflows leading up to Feb. 21. According to data from SoSoValue, the 12 spot BTC ETFs recorded $559.41 million in net outflows over the past week, continuing the negative momentum from the previous week, when they saw $585.65 million in net redemptions. Notably, U.S. BTC ETFs began the week from Feb. 18 to Feb. 21 with $60.63 million in outflows, reversing the positive flows observed on the last trading day of the prior week. Over the next two days, the negative momentum intensified, with…

Crypto-focused neobank Infini has reportedly suffered a $49.5 million exploit, with stolen funds being swapped to DAI and used to purchase ETH. CertiK first flagged suspicious activity on Feb. 24 at 3:18 am UTC, noting unauthorized transfers from an Infini-related contract on Ethereum (ETH). The hacker granted themselves special access to the account “0xc49b…” and was able to withdraw 49.5 million USD Coin (USDC).  #CertiKInsight 🚨We have seen suspicious transfers of funds from unverified contracts on Ethereum 0x9A79f4105A4e1A050Ba0b42F25351D394fA7E1DCThe receiver 0x3ac96134fb0e42a52d33045aee50b89790f05ed0 took ~$49.5M and is swapping them for DaiStay Vigilant! pic.twitter.com/MVXyn4fM9o— CertiK Alert (@CertiKAlert) February 24, 2025 After that, the 49.5…

Bybit exchange has reportedly purchased 266,700 ETH worth $742 million across two days, according to blockchain analytics firm Lookonchain. The transactions occurred in the days following Bybit’s $1.4 billion hack, which has taken the industry by surprise. A wallet linked to Bybit, identified as “0x2E45…1b77,” purchased 157,660 Ethereum (ETH)—worth approximately $437 million—from cryptocurrency investment firms Galaxy Digital, FalconX, and Wintermute through over-the-counter transactions. This wallet made its first transaction on Feb. 22 at 4:44 PM UTC. A second wallet, “0xd7CF…A995,” was also involved in a $304 million Ethereum purchase, conducted through both centralized and decentralized exchanges. While not formally recognized…

Pump.fun, the popular Solana-based memecoin launchpad, is reportedly testing its automated market maker which could replace Raydium as the default decentralized exchange for graduated tokens.  The development was first spotted by X news aggregator platform Aggr News, which took notice of amm.pump.fun, a new liquidity pool under internal testing. If implemented, Pump.fun’s in-house AMM would allow the platform to capture more fees, potentially impacting trading fees on Raydium (RAY) The shift comes as memecoins continue to command huge volumes in the DEX market. Pump.fun has already generated over $500 million in total swap fees, according to DeFiLlama. Currently, about 1.4%…

Ethereum multisig wallet provider Safe wallet has announced that it will gradually restore its services with improved security features within 24 hours.  This comes after the $1.4 billion Bybit hack which exploited a masked URL and contract logic manipulation to drain the exchange’s cold wallet. On a Feb. 24 X post, Safe confirmed it will resume phased rollout while putting in place additional security measures. To boost its security features, Safe is introducing stricter validation measures, enhanced monitoring warnings, and more security checks. The purpose of these updates is to stop similar exploits in the future, even though they might…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Top traders are betting big on Catzilla, a meme coin with kaiju-inspired flair, as it gears up to rival past sensations like Fartcoin. In the ever-changing world of cryptocurrency, a new player is catching the attention of savvy traders. With the market in full bull run mode, experts are showing keen interest in Catzilla, a new project that might surge to incredible heights.  Drawing parallels with past high-flyers, the intrigue around whether it could mirror the massive returns from…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Inspired by Shiba Inu’s success, BeerBear enters the meme coin arena, eyeing a potential breakout to $0.01. The cryptocurrency market has witnessed several meme coins rise from obscurity to mainstream recognition, with Shiba Inu (SHIB) being one of the most prominent success stories.  Initially launched as a decentralized experiment, SHIB’s journey from a low-value token to a widely traded asset has inspired new projects looking to replicate its trajectory. Among the latest entrants into the meme coin space, BeerBear has…

Mantra price has gone parabolic since 2024, becoming one of the best-performing players in the crypto industry.  Mantra (OM), which hopes to become the biggest crypto in the real world asset or RWA industry, has soared from $0.0158 in January 2024 to $9.10. This surge has moved its market cap from $29 million in January 2024 to $8.45 billion today. Mantra has jumped after launching MantraChain in 2024. MantraChain hopes to become the biggest layer 1 network for the RWA industry. Last week, the developers launched RWAccelerator, which they hope to fund developers in the industry.  Mantra also owns MANTRA…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bonk’s decline pressures Solana’s momentum, XYZVerse emerges as a high-growth contender that could fuel SOL’s rebound to $300. Solana (SOL) is facing a setback as  Bonk’s (BONK) decline puts pressure on its growth. The falling values have raised concerns about Solana’s ability to sustain its momentum. Amid this challenge, a new player called XYZVerse (XYZ) emerges as a potential game-changer. Could XYZVerse ignite a rally that propels Solana back to $300? XYZVerse sets a new trend: Next 50x…