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The price of ether (ETH), the world's second-largest cryptocurrency, has increased by over 2.3% in the past 24 hours. In contrast, the broader CoinDesk 20 Index saw a modest rise of 0.76%, while Bitcoin experienced a slight decline of approximately 0.3%. This surge in ether's value coincides with reports concerning Bybit, a cryptocurrency exchange recently targeted by a North Korean hacking group known as Lazarus. The hackers reportedly stole $1.5 billion worth of ether and staked ether. In response, Bybit has moved 100 million USDT into new addresses, with half of that amount used to purchase 36,900 ETH over-the-counter. The funds, estimated to be worth around $101 million, were subsequently transferred to addresses identified as belonging to the cryptocurrency exchange, as reported by crypto journalist Colin Wu, citing data from Arkham Intelligence. Bybit's CEO, Ben Zhou, addressed the situation in a public "ask me anything" session, asserting that the company's assets exceed $1.5 billion. He further revealed that Bybit maintains a cold wallet containing nearly $3 billion in USDT, ensuring the company's financial stability. #WalletActivityInsights
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‼️ Largest Hack in Financial Sector ‼️ Yesterday one of the crypto exchange got hacked for over $1.4Billion in #ETH as exploiter stole from their cold wallet. The Bybit Hacker has begun to move portions of the hacked funds from Bybit again, moving $7M ETH in the past hour alone. These on-chain movements appear to clearly link the Bybit Hacker to the Phemex Hack, which was conducted by the Lazarus Group. #TokenMovementSignals
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The CMC Altcoin Season Index currently stands at 34, reflecting a decline of 3 points compared to the previous day. The index measures market performance by analyzing the top 100 cryptocurrencies by market capitalization, to determine whether the market is in an altcoin season or remains Bitcoin-dominated Over the past 90 days, 34 of these altcoins have outperformed Bitcoin in price growth, signalling a weakening altcoin trend. Source : CoinMarketCap (CMC) Do your own research ( DYOR) #MarketSentimentWatch
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LTC ETFs Approval from SEC $LTC Foundation announced on Twitter that a first ETF has been listed and recognized in the Spanish Canary Islands! Here is some information about the Canary Islands Around 2.24 million people live in the Canary Islands and the gross domestic product (GDP) per capita in 2021 was around 18,990 euros, with around 40% of GDP dependent on the tourism sector. The informal economy in the Canary Islands comprises undeclared and illegal economic activities, which account for around 17.9% of GDP and amount to over 8 billion euros annually. The informal economy means that business is carried out without paying taxes through loopholes and criminals also launder their money. #LitecoinETF
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Google has introduced an AI tool designed to serve as a 'virtual collaborator' for biomedical scientists. This innovative tool, tested by researchers from Stanford University and Imperial College London, leverages advanced reasoning capabilities to assist scientists in analyzing extensive literature and generating new hypotheses. DeepMind, Google's AI division, has prioritized scientific research, and its leader, Demis Hassabis, was awarded the Nobel Prize in Chemistry last year for his team's technological advancements. Google reported that during an experiment on liver fibrosis, all methods proposed by the AI 'assistant' demonstrated potential in inhibiting the disease's causes, showing highly positive activity. The company also highlighted the AI's ability to optimize expert-generated solutions over time. While these results require further validation, they present a promising direction for enhancing and accelerating the work of expert scientists using efficient AI systems. #TradeFiRevolution
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