Blog

Bybit Identifying the Weaknesses in Exchange Security

The $1.5 billion hack of Bybit revealed the vulnerabilities that crypto exchanges still face, despite efforts to strengthen security. Attackers exploited flaws in multi-signature verification and manipulated user interfaces, tricking individuals into approving unauthorized transactions. This incident underscores the necessity of adopting more rigorous security protocols.

Essential Security Upgrades for Exchanges

To prevent such breaches, crypto platforms must integrate stronger verification processes. The use of MPC middleware should become standard practice to confirm that all on-chain transactions align with internal records before processing. Dynamic ledger verification should also be introduced to continuously track transactions and ensure their legitimacy. Post-approval audits must be performed to detect UI spoofing attempts that could otherwise go unnoticed.

Strengthening the Industry’s Defense Against Cybercrime

Further security improvements should include a multi-level approval system to distribute transaction verification duties among multiple departments, reducing the risk of internal fraud. AI-powered monitoring tools can help detect suspicious patterns and prevent unauthorized activity. Additionally, frequent cybersecurity training sessions will enhance employee awareness of emerging threats. Offering insurance protection for both hot and cold wallets will also provide investors with added peace of mind. Bybit’s security breach is a stark warning for the industry, emphasizing the need for ongoing advancements in cyber defense strategies.

RELEVANT NEWS: HERE

Bitcoin’s Market Strength Grows Despite Broader Sell-Off

Bitcoin has solidified its dominance in the cryptocurrency market, climbing to a 61% share. This increase comes as the Federal Reserve adopts a stricter stance on monetary policy and the U.S. job market remains unexpectedly strong.

Economic resilience suggests prolonged high interest rates, leading investors to reduce exposure to altcoins. With liquidity tightening, Bitcoin is increasingly viewed as the go-to asset in volatile conditions.

Altcoin Gains Prove Temporary as Bitcoin Rebounds

According to Matrixport, Bitcoin’s dominance stood at 60.3% on November 5 before dipping to 53.9% on December 9, as altcoins saw a brief post-election rally. However, this trend has since reversed, with Bitcoin regaining market share as macroeconomic pressures weigh on the sector.

Cryptocurrency Market Contracts by $900 Billion

The crypto market has experienced a sharp downturn. In December, when Bitcoin accounted for 53% of the market, total valuation peaked at $3.8 trillion. However, by early March, the market capitalization had fallen by $900 billion to $2.9 trillion, emphasizing liquidity constraints.

Bitcoin has managed to outperform most altcoins during this period. Over the last month, Bitcoin’s price has fallen 24% from its January high of $109,000, Ethereum has dropped to $1,895, and Solana has plunged 39%.

Federal Reserve Policy and Bitcoin ’s Future Outlook

Federal Reserve policies remain a key determinant of Bitcoin’s price movements. Analysts anticipate that liquidity challenges will keep Bitcoin’s price in check for the near term. However, as Bitcoin’s dominance strengthens, its future trajectory will largely depend on macroeconomic developments and investor behavior.

As the market undergoes a period of recalibration, it is expected to maintain its leading position despite overall liquidity constraints.

relevant news: HERE

X Platform Under Attack as Elon Musk ’s Government Initiatives Face Resistance

Elon Musk The X platform was hit by a cyberattack on March 10, with over 33,000 reports of service disruptions. Elon Musk acknowledged the attack, citing broader security threats against his businesses.

Tesla Stores Damaged Amid Controversy

Reports indicate that at least 10 Tesla stores have been vandalized, seemingly linked to Musk’s connections to the Trump administration. His leadership of DOGE has also drawn political opposition due to aggressive spending cuts.

SEC Under Scrutiny as DOGE Implements Savings

DOGE has reportedly saved $105 billion in taxpayer funds. Now, the agency is shifting focus to the SEC, encouraging the public to report wasteful spending. Regulatory changes under Trump could significantly reshape the SEC’s policies.

The attack on X highlights increasing risks to Musk’s initiatives in both the business and political spheres.

relevant news: HERE

Ethereum ’s Price Drops to 2023 Levels

Ethereum (ETH) has dropped below $2,000, marking its lowest level since late 2023. This selloff has rattled the crypto market, which had hoped for a stronger recovery following recent bullish developments. However, macroeconomic uncertainties have overshadowed these factors, leading to renewed selling pressure.

Market Worries Over U.S. Economic Policies

The Trump administration’s economic strategy, which includes trade restrictions and deficit reductions, has fueled recession fears. While these policies could benefit the economy in the long term, they are causing short-term uncertainty. Meanwhile, the Federal Reserve’s stance on rate cuts remains unclear, limiting hopes of immediate financial relief.

Ethereum’s Support Levels Under Threat

With ETH struggling to hold its ground, analysts are eyeing the next major support level at $1,500. If bearish momentum continues, Ethereum could face further losses in the coming weeks, leaving investors cautious about its near-term prospects.

relevant news: HERE

Bitcoin Slides as Selling Pressure Increases

Bitcoin (BTC) experienced another weekend decline, falling to $80,000 as selling pressure mounted. The cryptocurrency is inching closer to its 2025 low of $78,000, with market sentiment remaining bearish. By 7:00 pm ET, BTC had fallen 7% over the past 24 hours, though a minor rebound saw it reach $80,700.

Major Cryptos Decline in Sync with Bitcoin

Ethereum (ETH), Solana (SOL), and XRP (XRP) all suffered similar losses, while Cardano (ADA) and Dogecoin (DOGE) took steeper hits, losing nearly 12%. The persistent downtrend suggests that investors are pulling back from the crypto market amid broader financial concerns.

Economic Concerns Continue to Dominate

The downturn coincided with Donald Trump’s interview on Fox News, where he acknowledged the potential short-term economic impact of his policies. His statements were likened to Paul Volcker’s aggressive rate hikes in the late 1970s, which caused a recession but eventually led to economic stabilization. Traditional markets also showed weakness, with U.S. stock index futures slipping 0.85%.

relevant news: HERE

Bitcoin Market Reacts Cautiously to U.S. Reserve Plan

The cryptocurrency market remained relatively stable on Friday after a dip on Thursday, triggered by President Donald Trump’s announcement of a Bitcoin reserve and a separate digital asset collection for the U.S.

As of 04:58 a.m. ET, Bitcoin was valued at $88,949.16, according to Coin Metrics.

Bitcoin briefly fell to $84,688.13 following the news, with other major digital assets such as Ether, XRP, and Solana’s SOL also seeing losses before stabilizing.

David Sacks, the White House’s lead on crypto policy, clarified that the Bitcoin reserve would consist solely of BTC confiscated by the government in legal proceedings, ensuring that taxpayer funds would not be involved. Arkham data shows that the U.S. holds roughly 198,000 bitcoins worth an estimated $17 billion.

Meanwhile, the government’s separate digital asset stockpile will contain cryptocurrencies forfeited in criminal and civil cases, but no additional acquisitions are planned. Government records indicate ownership of around 56 ether tokens valued at $119 million, with no known holdings in XRP, Solana, or Cardano.

Market participants were initially disappointed

Market participants were initially disappointed that the government had no immediate plans to buy Bitcoin, given hopes for direct intervention. “Many expected the government to step in as a major buyer, but that didn’t happen,” said Steven Lubka of Swan BTC.

While the executive order allows for strategies to increase Bitcoin holdings without extra taxpayer spending, no specific approach has been announced yet.

The announcement came ahead of the White House Crypto Summit but was overshadowed by concerns over inflation and ongoing trade tensions. JPMorgan analysts believe macroeconomic uncertainty will limit any near-term crypto gains.

Bitcoin remains below the critical $90,000 mark, and analysts caution that failure to break and sustain this level could lead to a decline toward $70,000.

relevant news: HERE

Trump Names Five Cryptocurrencies for Strategic Reserve

U.S. President Donald Trump has proposed the creation of a national cryptocurrency reserve, naming five leading digital assets as part of the plan.

Market Response: Crypto Prices Surge

Bitcoin, Ethereum, XRP, Solana, and Cardano saw sharp price increases following Trump’s announcement. Traders welcomed the news, interpreting it as a sign of mainstream government acceptance.

Departure From Biden’s Regulatory Crackdown

Unlike the Biden administration’s strict oversight of crypto, Trump’s move appears to embrace digital assets, signaling a potential shift in U.S. financial policy.

Unanswered Questions About Implementation

While the announcement has generated excitement, details about how the crypto reserve will function remain unclear. More insights are expected during the White House Crypto Summit.

Trump ’s Shift in Perspective on Digital Assets

Once a vocal critic of Bitcoin, Trump now openly supports cryptocurrency, raising questions about his motivations and the financial benefits of his involvement in the sector.

relevant news: HERE

Crypto Prices Surge: Bitcoin Hits $87K as Market Recovers from Recent Slump

Wednesday marked a turnaround for the cryptocurrency market as traders shrugged off fears stemming from the latest U.S. trade policies. Bitcoin (BTC) bounced back by 4%, crossing the $87K level, while Ethereum (ETH), XRP, and Solana (SOL) also posted strong gains between 4% and 7%. The rebound fueled optimism after a period of intense volatility.

Bitcoin Reclaims $87K

Bitcoin climbed nearly 4% over the past 24 hours, currently trading at $87,400. The asset fluctuated between $81,529.24 and $88,911.27. A notable driver behind BTC’s rise was Japanese company Metaplanet’s purchase of 497 BTC, valued at $43.9 million.

Ethereum Gains 4%

ETH experienced a 4% jump, trading at $2,159, with a range between $1,996.77 and $2,220.36. Market sentiment remained positive as reports surfaced that President Trump holds over $500 million worth of ETH.

XRP Jumps 7%

XRP advanced by 7% to $2.44 after bottoming out at $2.29 and peaking at $2.52. The surge came as whales accumulated 1 billion XRP coins amid a recent market dip.

Solana Crosses $140

Solana (SOL) climbed 5% to $142, with price swings between $131.57 and $146.40. Its rise aligned with broader market momentum.

Meme Coins Edge Higher

DOGE increased by 4% to $0.1995, SHIB rose 3% to $0.00001293, and PEPE ticked up by 1% to $0.000006945.

relevant news: HERE

Bitcoin Surges Following Trump’s Strategic Reserve News

March 3 (Reuters) – Bitcoin rose sharply on Monday, gaining 20% from last week’s lows, after President Donald Trump revealed that a U.S. strategic reserve would include multiple cryptocurrencies.

Trump Discloses the Bitcoin Cryptos Included in the Reserve

Trump shared on Truth Social that his January executive order would lead to a reserve featuring Bitcoin, Ether, XRP, Solana, and Cardano, marking the first time these assets were publicly listed.
“Bitcoin and Ether will play a crucial role in this reserve,” he wrote on Sunday.

Market Responds with a Strong Rally

The announcement sent Bitcoin surging by over 20% from its November lows, reversing a decline that started in mid-January amid disappointment over Trump’s slow regulatory action. Bitcoin was last seen at $94,154, up from $78,273 on Friday.
Ether followed with a 20% increase over the weekend to $2,482, while XRP jumped 38%, Solana advanced 20%, and Cardano soared 78%.

Analysts Weigh in on the Market Impact

Chris Weston, research lead at Pepperstone, called the announcement a major turning point for the crypto market, which had been searching for positive momentum.
With the White House Crypto Summit scheduled for Friday, It could see further gains, though external market pressures remain a risk.

Bitcoin ’s Struggles Before the Announcement

February saw Bitcoin’s biggest monthly drop since June 2022, losing 17%, and the asset remains down more than a third from its early January high of $105,000.

Funding Concerns Could Influence Future Market Trends

Despite hopes that Trump’s presidency would lead to rapid crypto-friendly policies, little concrete action has been taken beyond pro-crypto appointments.
While the price boost is significant, IG market analyst Tony Sycamore warned of concerns regarding funding sources, with possibilities including taxpayer money or assets confiscated in legal proceedings.

relevant news: HERE

Expanding Blockchain Technology to Credit Unions

Metallicus has strengthened its blockchain ecosystem by acquiring Bonifii, a credit union service operator connected to 70 credit unions. This acquisition introduces Metal Blockchain solutions to a new CUSO under the Digital Banking Network (TDBN), enabling credit unions to leverage blockchain technology for enhanced operations.

Bonifii’s Unique Position in Blockchain

As the only CUSO directly connected to a blockchain core developer, Bonifii brings unparalleled expertise to this partnership. Metallicus CEO Marshall Hayner highlighted plans to onboard additional financial institutions, providing tailored blockchain solutions and reducing operational costs.

Enhancing Real-Time Payment Systems

With a strong history of collaboration with the FedNow digital payments system, Metallicus is poised to extend its real-time payment solutions to Bonifii’s credit unions. This integration will streamline transactions and improve member experiences.

Strong Financial Backing

Bonifii’s $20 million in funding complements Metallicus’ blockchain capabilities, which boast a $13.65 million market cap. This partnership combines financial strength with innovative technology to drive growth.

Driving Future Innovation

The addition of Bonifii’s president, John Ainsworth, to Metallicus signals a commitment to revolutionizing credit union services. His expertise will be instrumental in expanding blockchain adoption across the sector.