Crypto Weekly Roundup: ByBit Hack, A Presidential Rug Pull, & More

Crypto Weekly Roundup: ByBit Hack, A Presidential Rug Pull, & More
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This week’s crypto developments include Bybit suffering a record $1.4 billion hack, while Ethereum transaction fees hit their lowest levels since 2020 due to reduced on-chain activity. 
Regulatory and legal troubles continue, with SafeMoon’s CTO pleading guilty to fraud, Sam Bankman-Fried alleging political bias in his prosecution, and the Argentine President denying links to a collapsed crypto token after an alleged „presidential rug pull.” Let’s find out more. 
Ethereum
Reduced onchain activity has led to a sharp decline in Ethereum transaction fees, bringing costs to the lowest since 2020, and raising concerns about overall network demand. 
An anonymous programmer has made headlines by burning and donating significant amounts of Ethereum in an effort to draw attention to claims of mind-control technology.
Altcoins
Brazil’s CVM has approved the world’s first XRP-based ETF, managed by Hashdex, marking a significant step in institutional crypto adoption amid growing

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We współpracy z: https://cryptodaily.co.uk/2025/02/crypto-weekly-roundup-bybit-hack-a-presidential-rug-pull-more

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