Crypto Falls after Hack, SOL underperforms, Sonic & Berachain heat up

from FOMO HOUR: A Daily Crypto & Web3 News Show · host Decrypt Media

Crypto falls after macro-sell off and huge hack. North Korea’s Lazarus behind $1.4bn Bybit hack. Hack caused by musking attack of Safe website. Bybit’s ETH reserve’s restored after loans & buyback. Bybit offers 10% reward for returned funds. Large amounts of hacked funds already blocked. Safe moves to increase security following hack. Hacker now has more ETH than ETH Foundation. 0xInfini hacked for $50m. Calls for ETH rollback broadly dismissed. SOLBTC falls to lowest level since Dec 2023. Franklin Templeton file for SOL ETF. Binance sells large blocks of SOL via Wintermute. Berachain & Sonic lead weekly inflows. BERA passes ARB & Base in TVL. Ethena raises $100m for tradfi push. Babylon TGE likely near. ARB votes to invest 7.5k ETH in non-ARB protocols. Montana votes against BTC reserve. El Salvador set to stop BTC purchases. Strategy set to buy $2bn more BTC. Hong Kong Asia Holdings set to buy more BTC. Arkham spot trading goes live in many states. Monad testnet launches at 10k TPS.

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This episode was published on February 24, 2025.

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