Coinbase (COIN.O) said it has noticed that some users may experience delays or performance degradation when using cryptocurrency-backed loans.

Alchemy, a provider of cryptographic payment solutions, announced the launch of the Web3 fund Everyone Onchain Fund, with an initial size of $5 million, aimed at providing necessary resources for developers based on Alchemy Rollups and Account Kit to deploy Rollups and onboard users, currently mainly supporting projects built in the OP Stack and Arbitrum Orbit ecosystems.

According to Whale Alert monitoring, about 32,000 Ethereum (ETH) were transferred from an unknown wallet to Binance at 15:01, with a total transaction value of approximately $75.287 million.

The US stock market opened, the Dow fell 0.03%, the S&P 500 index rose 0.32%, the Nasdaq rose 0.4%, Strategy fell 1.53%, and Coinbase rose slightly by 0.071%.

According to Arkham monitoring, about 30 minutes ago, Grayscale transferred 11,800.171 ETH worth $28.18 million from its Coinbase Prime Deposit address to Coinbase Prime hot wallet address.

The market shows BTC breaking through $88,000, now at $88,008.4, with a 24-hour increase of 1.35%. The market is fluctuating greatly, please manage risk control.

Julio Moreno, the research director of CryptoQuant, posted on social media that it cannot be said that the price of Bitcoin has bottomed out now, as all valuation indicators have entered the adjustment range, and this process may require more time.

according to Trader T monitoring, IBIT net outflow was 4.2056 billion US dollars yesterday, setting a record for the largest single-day net outflow since its listing, with a trading volume of 42 billion US dollars.

According to the interim report released by Bybit (provided by Sygnia) on the $1.5 billion theft incident, the theft was caused by a Safe infrastructure vulnerability, and there were no abnormalities in Bybit's related infrastructure.

Safe posted on social media that the attack on Bybit was carried out by invading the machine of Safe{Wallet} developers, resulting in malicious transactions disguised as legitimate trades being submitted. External security researchers did not find any vulnerabilities in Safe smart contracts or in the front-end and service source code.

Bybit co-founder and CEO Ben Zhou released a hacker forensics report on X platform provided by Sygnia and Verichains, revealing that malicious code was deployed on February 19th at 15:29:25 UTC, specifically targeting Bybit's Ethereum multi-signature cold wallet.

SlowMist stated on X platform that the device of Safe developers was compromised, leading to malicious code being injected into the front end, intercepting and modifying transaction parameters. After a quick verification, it was found that there was indeed malicious code behind the js file of Safe front end, and the related address (0xbdd077f651ebe7f7b3ce16fe5f2b025be2969516) involved malicious execution contracts that took away 1.5 billion assets from ByBit.

the Dow rose 0.4% at the opening, the S&P 500 fell 0.02%, and the Nasdaq fell 0.3%. Cryptocurrency concept stocks fell, with Ganan Technology down 8.4%, MicroStrategy down 5.0%, and IREN down 4.8%.

according to Arkham monitoring data, about 8 minutes ago, Grayscale transferred a total of 7637 ETH to the Coinbase Prime address, worth $18.46 million, of which Grayscale Ethereum Mini Trust transferred 1790 ETH.

Vitalik Buterin wrote on the X platform that Aya Miyaguchi proposed a year ago to transition from executive director to chairman of the Ethereum Foundation. During her seven years as executive director of the Ethereum Foundation, she achieved many accomplishments and will continue to support the Ethereum Foundation in many similar ways in her new position.

On February 25th, Infini released the latest news on funding and operations on the X platform, revealing that Infini's funds are currently stored in the Cobo Custodian Wallet. All functions of the Infini Card (transfer, deposit, withdrawal, and payment) can be fully operational. The team is working hard to ensure the highest security of the Infini Earn function, a process that is expected to take 3-4 weeks. During this period, profit distribution will be paused, and information will be updated as soon as Infini's earnings resume.

the US Bitcoin ATM operator and financial technology company Bitcoin Depot (NASDAQ: BTM) announced the purchase of 11.1 bitcoins as part of its reserves. This acquisition follows the company's purchase of 51 bitcoins earlier this month, bringing its total reserves to 82.6 BTC. This purchase is in line with Bitcoin Depot's reserve strategy announced in June 2024.

House Republicans are preparing to vote on a spending blueprint that could kickstart President Donald Trump's policy agenda, but concerns about potential Medicaid cuts nearing $1 trillion have caused unease among some Republicans, jeopardizing the plan's approval. The proposed spending plan for fiscal year 2025 includes approximately $800 billion in Medicaid cuts over the next ten years, as part of a larger $2 trillion in overall spending reductions to offset $4.5 trillion in tax cuts and increased defense and border spending. While the resolution does not explicitly state Medicaid cuts, lawmakers are doubtful that the required $880 billion in cuts can be achieved without reducing Medicaid spending. Moderate Republicans in vulnerable districts and those with high Medicaid populations have voiced opposition to any cuts in Medicaid spending.

Bybit CEO Ben Zhou posted on social media, saying, "The Lazarus hacker group's bounty website has been launched to display transparent data on Lazarus money laundering activities."

Upbit clarified some information about being regulated, stating that the claim of 30,000 fake identity documents (including hand-drawn IDs) passing the "Know Your Customer" (KYC) system is not true. Upbit conducts KYC through several additional procedures, including identity verification. If a member's ID documents are insufficient, they will be asked to resubmit.