37,900 ETH Converted to Other Assets in Bybit Hack
According to on-chain analyst Yu Jin, the attackers who hacked Bybit used cross-chain exchange platforms such as Chainflip, THORChain, LiFi, DLN and eXch to convert around 37,900 ETH ($106 million) into other assets such as BTC. The hacker still holds 461,491 ETH ($1.29 billion), bringing the total amount of ETH stolen from Bybit to 499,395.
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Bybit Freezes $42.89 Million in Stolen Funds
Bybit announced that it has frozen a total of $42.89 million in stolen funds with the help of Tether, THORChain, Circle and other platforms. Through the coordinated efforts of the exchange, some of the losses have been recovered and the process is ongoing.
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Statement from Michael Saylor on Bitcoin Tracker
MicroStrategy founder Michael Saylor has re-shared Bitcoin Tracker data in an attempt to correct misunderstandings about Bitcoin holdings. Saylor stated that recent transactions have been misrepresented in some reports and this needs to be corrected.
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USDC Treasury Prints 250 Million USDCs on the Solana Chain
According to Whale Alert data, USDC Treasury has minted 250 million USDC on the Solana blockchain. This move is aimed at expanding the supply of USDC and increasing the use of stablecoins.
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Alibaba Invests 380 Billion Yuan in Artificial Intelligence and Cloud Infrastructure
Alibaba Group CEO Wu Yongming announced that the company will invest 380 billion yuan in cloud computing and AI hardware infrastructure over the next three years. This investment exceeds the total investment of the last decade, reinforcing the company’s commitment to technology.
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Montana House of Representatives Rejects ‘Strategic Bitcoin Reserve’ Bill
The Montana House of Representatives rejected the “Strategic Bitcoin Reserve” bill by 59 votes to 41. Lawmakers expressed concern that the bill could use taxpayer funds for risky speculative investments.
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Bond Issue by Micahel Saylor
Michael Saylor announced on the X platform that Strategy has completed the issuance of $2 billion of convertible notes with a 0% coupon rate, a 35% premium and an implied exercise price of approximately $433.43.
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Strategy Continued Bitcoin Purchases
Following Michael Saylor’s tips, investors observed that Strategy continued to buy Bitcoin. While the company’s aggressive investment strategy has led to volatility in the market, investors are focusing on the company’s long-term plans.
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South Dakota to Hold Hearings on Bitcoin Reserve Bill
South Dakota will hold a public hearing on Şubat 24 on the Bitcoin Reserve Act, which would allow the state to invest in Bitcoin. If the bill is passed, South Dakota will be one of the states in the US to create Bitcoin reserves, Bitcoin Magazine reported.
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Ethereum Pectra Update Launches on Holesky Testnet
Ethereum developers are preparing to launch the Pectra update on the Holesky testnet. The update will go live on Şubat 24 at 05:55 PM PT. Pectra aims to introduce new features that improve Ethereum accounts and support Layer 2 scaling. This test period will allow critical improvements to be evaluated before the transition to the mainnet.
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Nasdaq files 19b-4 for Canary’s HBAR ETF
Nasdaq reported that Canary Capital filed 19b-4 application documents for the HBAR ETF.
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