Author: NFT Evening

On February 21, 2025, Bybit experienced a massive security breach. Hackers stole approximately $1.46 billion in Ethereum (ETH) from a cold wallet, which makes it the largest single theft in cryptocurrency history. Bybit reported that the attack occurred during a routine transfer from an offline “cold” wallet to an online “warm” wallet. The hackers used a complex method to manipulate the wallet’s smart contract that allowed them to take the funds. Bybit’s CEO, Ben Zhou, also stated that the exchange had enough money to keep running and that user funds are also safe, but the event raised serious concerns about the safety…

Ripple gained approval from the Dubai Financial Services Authority to offer regulated crypto payments and services in the UAE. This marks Ripple as the first blockchain-enabled payments provider licensed by the agency and strengthens Ripple’s presence around the world.Ripple received the approval from DFSAOn Thursday, Ripple, a leading digital asset infrastructure, received in-principle approval from the Dubai Financial Services Authority (DFSA). This allows Ripple to expand its services from the Dubai International Financial Centre (DIFC) and the Middle East (UAE) area as well. As a result, this milestone strengthens Ripple’s global presence as a regulated entity. It also enables the…

ZKsync has confirmed on ZKsync Ignite’ X account of pausing this program, which made a pump for this ecosystem at the beginning of 2025. This move has raised several questions from the community about the ecosystem’s activities and effectiveness. ZKsync Ignite Program Newest UpdateYesterday, March 13, after many rumors, ZKsync Ignite announced the newest updates about the pause of ZKsync Ignite program on its X account. ZKsync Ignite Program Update 📣After careful consideration, the DeFi Steering Committee (DSC) has decided to not renew Ignite for Season 2 and will be sunsetting the program starting March 17th, 2025 by turning off rewards for…

As we move further into the digital age, the allure of cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC) continues to grow. While the most traditional method of acquiring these digital assets is through direct purchase on exchanges, mining remains a viable option, especially for those seeking a more hands-on approach. However, traditional mining requires significant investment in hardware and expertise. This is where cloud mining steps in, offering a user-friendly alternative by allowing individuals to rent computing power from data centers and earn cryptocurrency without managing physical equipment.This in-depth guide explores the leading cloud mining services set to…

The leading blockchain ecosystem, Ethereum, has just announced the development of a third testnet named Hoodi for the Pectra update, following errors encountered on the Holesky and Sepolia testnets. This latest update is expected to pave the way for Ethereum to successfully launch the Pectra Update on the mainnet before May 2025, bringing a positive signal to Ethereum after a challenging period.Ethereum Introduced The Third Testnet Hoodi“A new testnet, Hooli, is going live Monday to wrap up Pectra testing,” said Tim Beiko, member of the Ethereum’s developer team. During the regular meeting on March 13, 2025, the Ethereum development team…

Virtuals Protocol is struggling as revenue and token value plummet. Once a leader in AI-powered blockchain, it now faces declining user activity and fading investor confidence. The market shift demands real utility over hype, forcing Virtuals to adapt or risk fading away.Revenue Collapse and Token CrashVirtuals Protocol’s daily transaction revenue has seen a dramatic decline, falling from $1.02 million in January to just $34,792 by the end of February, according to Dune Analytics. This steep drop highlights a sharp loss of user engagement and trading activity within the ecosystem. At the same time, the VIRTUAL token has suffered a significant…

Hyperliquid, a blockchain-based perpetual trading platform, has announced changes to its margin policy after its HLP liquidity fund suffered a $4 million loss from a major liquidation on March 12. Starting March 15, the platform will require a minimum margin of 20% for certain open positions to reduce systemic risks and protect liquidity stability during extreme market fluctuations.Major Liquidation Forces Hyperliquid to Strengthen Risk ManagementA major liquidation resulted in a $4 million loss for Hyperliquid’s HLP liquidity fund, prompting the platform to quickly adjust its risk management policies. While this was not a hack or technical failure, the incident raised…

Q2 is expected to bring significant gains for the crypto market. Not only will Trump’s pro-crypto policies begin to take shape and altcoin ETFs face possible approvals, but the United States Federal Reserve is anticipated to slash interest rates.Liquidity will begin flooding back into the crypto ecosystem, and if history is anything to go by, this could be immensely bullish for the meme coin sector.But what are the popular meme coins to buy? Read on to find out.MIND Of PepeMIND Of Pepe is a trending AI agent meme coin that aims to help its community earn money. The project will…

Pepe is back making gains after a prolonged selloff that followed its December 2024 all-time high (ATH.Its price has surged 17% in the past 24 hours, while a new Pepe-themed AI coin called MIND Of Pepe is also showing strength.Pepe Leads Crypto Gainers After Big Whale BuysAll eyes are on Pepe today, as three whale purchases worth a combined $4.3 million have sent shockwaves through the market.Lookonchain reported that three crypto wallets accumulated $4.3 million worth of Pepe with funds sent through Tornado Cash. With Pepe down significantly from its ATH, the investments have injected confidence and encouraged other traders…

In recent years, cryptocurrency mining has become an increasingly popular method for individuals and businesses to earn a passive income. As the industry evolves, traditional mining operations face growing challenges, such as high electricity costs, the need for constant equipment maintenance, and significant capital investment. However, with the introduction of cloud mining, these obstacles are being overcome, making it more accessible and efficient for everyone. SnxCrypto, a pioneering company in the cloud mining platform。Cloud mining is a process in which individuals rent mining power from remote data centers rather than investing in physical hardware and managing it themselves. This allows…