Ethereum - The Crypto Crew

Bybit Suffers Record-Breaking $1.5 Billion Crypto Heist

February 22, 2025

Dubai-based cryptocurrency exchange Bybit has confirmed a massive security breach resulting in the theft of approximately $1.5 billion worth of digital currency, primarily Ethereum. The incident, potentially the largest cryptocurrency theft in history, has sent shockwaves through the digital asset market. Founder Ben Zhou assured users that their funds were “safe” and that the company … Read more

Bybit Suffers Record-Breaking $1.5 Billion Crypto Heist Read More »

SEC Moves Forward with Grayscale’s Solana ETF Application

February 9, 2025

The U.S. Securities and Exchange Commission (SEC) has taken an important step by accepting Grayscale’s updated request for a spot Solana (SOL) exchange-traded fund (ETF). This is a big move since the SEC had previously turned down similar applications due to legal concerns. Why This Matters to Investors Grayscale, a well-known crypto investment firm, had … Read more

SEC Moves Forward with Grayscale’s Solana ETF Application Read More »

Ethereum’s Pectra Upgrade: Key Features and Expected Timeline

February 8, 2025

Ethereum is gearing up for a major network upgrade, known as the Pectra Upgrade (previously planned two Prague and Electra upgrades), with testing set to begin on February 26 on the Holesky testnet, followed by Sepolia on March 5. According to Tim Beiko, a core Ethereum developer, the upgrade’s timeline will be finalized after a … Read more

Ethereum’s Pectra Upgrade: Key Features and Expected Timeline Read More »

Ethereum Foundation Injects $165 Million into DeFi Ecosystem

January 24, 2025

The Ethereum Foundation (EF), the non-profit organization dedicated to the development and advancement of the Ethereum blockchain, has allocated a substantial sum of 50,000 ETH, valued at approximately $165 million, to bolster the decentralized finance (DeFi) landscape. Strategic Allocation to Fuel DeFi Growth The EF has established a new multisignature wallet, requiring three out of … Read more

Ethereum Foundation Injects $165 Million into DeFi Ecosystem Read More »