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Security Concerns

Bybit's $1.5 Billion Hack: Cryptocurrency exchange Bybit has suffered a significant security breach, with hackers exploiting its Ethereum cold wallet to steal approximately $1.5 billion. The exchange has launched a $140 million bounty to track down the perpetrators. Notably, the North Korean Lazarus Group has been identified as a suspect in the hack.

Market Trends

NFT Sales Surge: Non-fungible token (NFT) sales have experienced a 19.6% increase, reaching $152.9 million. The NFT project Doodles has overtaken Pudgy Penguins in sales, reflecting the dynamic and rapidly evolving nature of the NFT market