North Korean Hackers Launder Over 1.4 Billion Dollars in Bybit Theft

North Korea’s Lazarus Group has been linked to a $1.4 billion hack of crypto exchange Bybit, marking the largest theft in crypto history. Following the attack, over $140 million in stolen assets are being laundered through anonymous exchanges, complicating recovery efforts. Bybit is facing massive withdrawals, with its Bitcoin balance dropping significantly as users react to the breach.

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Javier Milei Faces Backlash Over Alleged Crypto Scams and Market Impact

Javier Milei, Argentina’s new president, faces backlash after promoting the meme coin LIBRA, which surged to a $4 billion valuation before crashing. This isn’t his first controversy; he previously endorsed CoinX, a platform that defrauded investors, leading to lawsuits. Despite his libertarian appeal, Milei’s actions have sparked calls for impeachment amid allegations of fraud.

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FBI Operation Level Up Saves Victims from Crypto Fraud Losses

The FBI’s Operation Level Up has successfully intervened to prevent over 4,300 victims from losing more than $285 million to cryptocurrency fraud, amidst a surge of monthly complaints. Scammers, often targeting tech-savvy individuals aged 30 to 60, employ sophisticated tactics to gain trust and lure victims into investing in fake opportunities. The FBI emphasizes the importance of vigilance and encourages potential victims to report fraud through the Internet Crime Complaint Center.

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Cboe BZX Submits New Applications for Solana-Based ETFs

Cboe BZX Exchange has submitted new applications for four Solana-based ETFs, reigniting the race for regulatory approval after previous withdrawals. These ETFs aim to provide traditional investors with exposure to Solana, pending the SEC’s review of their commodity status.Analysts suggest that while Solana and XRP ETFs could attract billions, they may not reach the success of Bitcoin ETFs. The proposals emphasize SOL’s commodity qualifications and address regulatory concerns through distinct strategies, with Grayscale also pursuing its own Solana ETF ambitions.

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Dogecoin Price Fluctuates Amid Speculation and New Payment Developments

Dogecoin’s price has recently dipped below $0.31, marking its lowest point in 2025, as broader tech stock declines impact the crypto market. Speculation around Elon Musk’s potential integration of Dogecoin into X’s upcoming payment service remains unconfirmed, despite past surges linked to Musk’s endorsements. Meanwhile, X’s CEO announced a partnership with Visa for a new payment service, X Money, which will facilitate peer-to-peer transactions but does not currently include cryptocurrency.

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Potential Launch of Dogecoin and XRP ETFs Sparks Investor Optimism

The cryptocurrency landscape is poised for new exchange-traded funds (ETFs) as issuers propose offerings for Dogecoin, XRP, and Solana, among others. Analysts predict that if approved, Solana and XRP ETFs could attract billions in investments, while Dogecoin ETFs may debut as early as April. The SEC’s ongoing assessments and legal considerations could impact the timeline for these funds, with Litecoin ETFs potentially leading the way due to less regulatory uncertainty.

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Court Rules Against Treasury Sanctions on Tornado Cash’s Smart Contracts

A Texas federal court ruled that the U.S. Treasury overstepped its authority by sanctioning Tornado Cash, stating that its immutable smart contracts cannot be classified as “property” under the International Emergency Economic Powers Act. This decision follows a similar ruling from the Fifth Circuit and limits the government’s ability to regulate open-source blockchain protocols. Tornado Cash’s native token, TORN, surged over 200% following the ruling, highlighting the ongoing legal battles surrounding the platform amid allegations of facilitating money laundering.

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Solana and XRP ETFs Expected to Attract Billions but Lag Behind Bitcoin

JP Morgan analysts predict that Solana and XRP ETFs could attract billions in investments, with estimates of $3 to $6 billion for XRP and $4 to $8 billion for Solana. However, these figures would still fall short of the success seen with Bitcoin ETFs, which amassed $50 billion in their first year. Grayscale is seeking to convert its Digital Large Cap Fund, which includes these altcoins, into an ETF, reflecting growing interest in alternative crypto investment vehicles.

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Bitcoin Price Volatility Amid Rising Inflation Concerns and Job Growth Data

Bitcoin’s price fluctuated around $93,000 following a stronger-than-expected U.S. jobs report, which raised inflation concerns and diminished hopes for imminent interest rate cuts. The labor market’s strength, with 256,000 jobs added in December, has led to increased volatility in crypto markets, reflecting a tighter correlation with traditional assets amid shifting economic policies. As inflation fears grow, traders are adjusting their expectations for Federal Reserve actions, with a significant drop in the likelihood of rate cuts in the near term.

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Dogecoin and Bitcoin Experience Significant Losses Amid Market Decline

Dogecoin has lost all its gains from the start of 2025, dropping nearly 21% to $0.314 amid a broader market decline. Bitcoin also fell significantly, hitting a 2025 low of $91,925, while Solana experienced an 11% drop, marking its lowest price this year. Investors are pulling out of crypto ETFs, contributing to the downturn.

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Meme Coins Plummet as Dogecoin Leads Market Decline Amid Economic Concerns

Dogecoin has dropped nearly 10% amid a broader market decline influenced by mixed U.S. economic reports, with other meme coins like Bonk and Dogwifhat down about 11%. Despite the downturn, Dogecoin remains up 11% over the past week, with predictions suggesting it could reach $1 by 2025.

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