Such weeks will worry your conviction

Whether you are new in Crypto or an experienced veterinarian, there is no sugar coating that it was a terrible week of markets. Bybit suffered from the largest penetration In the history of industry 15 years, Bitcoin (BTCMore than 20 % of its high president decreased, and its US president, Donald Trump, near a 25 % tariff on imports from Canada and Mexico. Bitcoin’s shares also decreased due to a mixture of profits, operational losses and a strong connection with BTC.

Anatomy of the newsletter for Crypto Biz The Fallout from Bybit Hack, the latest strategy and Paolo Ardoino warning that politicians want to “kill Tether”.

Bybit Hack: The latest

On February 21, He suffered bybit to use a value of $ 1.4 billion At the hands of the North Korean Lazaros group, which targeted the distinctive symbol of the noisy argument for exchange. CEO of bybit Ben Zhou later He declared “war” On the Lazaros group and pledged to do anything in his power to recover the lost money. Meanwhile, he assured users that bybit was “returning to 100 % 1: 1 on customer assets.”

A Criminal investigation Later on the participation of the Lazaros Group in the attack and its determination is safe (wallet) as the vulnerability at risk.

“A safe developer accreditation data was at risk […] This allowed the attacker to reach the unauthorized access to the safe infrastructure (wallet) and to deceive the two positions completely to agree to harmful treatment.

Decreased shares of miners

Bitcoin mining shares Bitdeer techniques and Craft mining He decreased after issuing its financial results in the fourth quarter. Bitdeer fell by more than 25 % after reporting weaker profits and revenues. The price of Cipher fell by more than 17 % after reporting that its operational losses are more than twice on an annual basis.

Some mines struggled to adapt after half of the half of Bitcoin, which cut mining bonuses to half. Bitdeer said her weak performance was “primarily driven by the impact of half in April 2024”.

Strategy shares follow bitcoin lower

With the price of Bitcoin decreased by more than 20 % of its highest level ever,, Michael Silor strategy shares It also decreased sharply. Since the beginning of the year, Mstr decreased by 16 %.

The strength of the strategy lies in its ability to raise the capital backed by the expanding Bitcoin wardrobe. However, “in a position in which their obligations rise much higher than their origins, this ability can deteriorate,” according to the market commentator, Kobeissi message.

Meanwhile, the strategy remains unwanted due to bitcoin volatility. Earlier in the week, she announced it was I got another 20356 BTC For $ 1.99 billion.

The strategy is the world’s largest Bitcoin treasurer in the world, with 499,096 BTC on his books. Mara Holdings is the second far with 45,659 BTC in its public budget.

Tether CEO: Politicians want to “kill” Stablecoin Source

CEO of Tether Paulo Erdino He warned that hostile politicians are trying to push the world’s largest source in the world from the cryptocurrency market.

In a post on the X social media platform, Ardoino said that competitors should focus on building a better product than Tether. However, “their true intention is” killing the rope “, Erdino said.

He continued, “Every working meeting or political meeting may be crowned with this intention.”

The paradox in an attempt to kill Tether is that USDT (USDT“The most successful tool for domination and distribution in US dollars across emerging markets,” Erdino said.

With the market value of more than $ 140 billion, USDT is so much the world’s most popular Stablecooin.

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