Bybit recorded a notable recovery in 2025, climbing to become the second-largest crypto exchange by trading volume despite suffering the largest hack in industry history earlier in the year. The exchange processed approximately $1.5 trillion in total trading volume during 2025, capturing 8.1% of the global crypto exchange market. The recovery followed a February 2025 security breach in which attackers exploited a vulnerability in Bybit’s cold wallet system, stealing about $1.5 billion worth of ether. The incident marked a major stress test for the platform’s operational resilience and user trust. Crisis Response Helped Stabilize User Confidence Following the breach, Bybit…
Author: Blockto Team
Solana (SOL) dropped more than 8% in the latest session, reflecting broader weakness across the crypto market as risk assets faced renewed selling pressure. The decline pushed SOL below several short-term support levels, shifting market structure firmly into bearish territory. On the daily chart, SOL lost the $120–$115 demand zone, an area that previously acted as a strong accumulation region. This breakdown confirms a continuation of lower highs and lower lows, signaling sustained downside momentum. Volume expanded during the sell-off, suggesting that sellers remain in control rather than a temporary liquidity sweep. Key Levels to Watch Next If bearish pressure…
Flying Tulip, a new decentralized finance platform led by crypto developer Andre Cronje, has raised an additional $75.5 million, maintaining a fully diluted token valuation of $1 billion. The latest funding includes $25.5 million from a private token round and $50 million raised through a curated public sale platform, bringing total institutional capital raised to $225.5 million. The private Series A token round drew participation from digital asset investment firms including Amber Group, Fasanara Digital and Paper Ventures. The pricing matched the project’s earlier seed round, which raised $200 million in September, signaling consistent investor confidence in the platform’s long-term…
Digital asset infrastructure firm Talos has secured an additional $45 million through an extension of its Series B funding round, lifting the company’s valuation to approximately $1.5 billion. The latest raise brings in new strategic investors, including Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, alongside continued support from existing institutional backers. The funding extension reflects growing interest from large financial and technology players seeking exposure to institutional-grade crypto infrastructure. Talos stated that the decision to expand the round was driven by demand from strategic partners looking to collaborate more closely with the platform. Expansion of Trading and Tokenization…
Bitcoin extended its sharp decline on Thursday, briefly falling to the $81,000 level before stabilizing slightly higher. The move capped a brutal 24-hour period in which the largest cryptocurrency by market value lost nearly $10,000, rattling traders and triggering widespread liquidations across the digital asset market. The sudden drop wiped out a significant amount of leveraged positioning. In just one hour, more than $777 million worth of long positions were forcibly closed, with total liquidations exceeding $1.7 billion over the past day. Such rapid liquidations often amplify downside volatility, accelerating price declines during periods of weak sentiment. Altcoins Slide as…
The UK House of Lords Financial Services Regulation Committee has launched a formal inquiry into proposed stablecoin regulations, as the Bank of England (BoE) and the Financial Conduct Authority (FCA) move closer to finalizing rules for the sector. The inquiry seeks evidence from industry participants, experts, and the public on how stablecoins could reshape the UK’s financial system. Lawmakers will examine the potential effects of fiat-backed stablecoins on banking, payments, and financial stability, alongside opportunities created by their growing adoption. The committee aims to assess whether the regulatory approach outlined by the BoE and FCA is measured, proportionate, and fit…
Bitcoin dropped sharply to its lowest level in two months, sliding to around $83,000 after a sudden wave of selling swept through global markets. The move marked a nearly 6% daily decline, catching traders off guard as cryptocurrencies moved in tandem with stocks and precious metals. The sell-off followed an abrupt reversal in gold and silver, which had recently surged to record highs before experiencing a rapid retracement. Gold fell hundreds of dollars within minutes, creating a broader risk-off environment that spilled into digital assets. Liquidations and Technical Breakdown Add Pressure Bitcoin’s decline was intensified by heavy leveraged liquidations, with…
South Korea has approved sweeping changes to its crypto licensing framework, signaling a tougher regulatory stance on digital asset platforms and their owners. The amendments strengthen oversight, expand background checks, and give regulators broader authority over who can operate in the country’s crypto market. Expanded Licensing and Shareholder Scrutiny Under the revised rules, regulators will now examine not only executives but also controlling and major shareholders of crypto exchanges. Background checks have been widened to cover serious economic crimes, tax evasion, drug-related offenses, fair-trade violations, and breaches of crypto user protection laws. Authorities are also empowered to assess a firm’s…
21Shares has expanded its European crypto investment offerings with the launch of a new exchange-traded product that blends direct Solana price exposure with liquid staking rewards. The product is designed for investors seeking yield without the technical complexity of onchain staking. The newly launched 21Shares JitoSOL ETP (JSOL) provides exchange-traded access to JitoSOL, one of the largest liquid staking tokens on the Solana network. By holding JitoSOL, investors maintain full exposure to SOL while earning two distinct yield streams: traditional staking rewards and a share of transaction-related revenue generated through Jito’s Solana infrastructure. How the JitoSOL ETP Works The structure…
The US Senate has taken a significant step toward reshaping crypto regulation, as lawmakers began the formal markup of a long-awaited crypto market structure bill. The session marks a critical moment in Congress’ effort to move away from enforcement-driven oversight and toward a clear statutory framework for digital asset markets. The proposal, developed over several months, aims to define regulatory responsibilities for cryptocurrencies, trading platforms, and intermediaries. Debate during the markup highlighted lingering divisions over ethics provisions, regulatory authority, and market oversight, signaling that negotiations are far from settled. Sen. Cory Booker, D-NJ cited work done between Republicans and Democrats…