Here is what happened yesterday in the crypto market:
Crypto Exchanges Tackle Bybit’s $1.4B Shortfall
With the recent hack affecting Bybit, crypto exchanges are stepping up to fill the void left by the loss. Bitget CEO Gracy Chen emphasizes community support in these trying times.
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Majority of Latin Americans Plan to Increase Crypto Investments
A recent Binance Research survey indicates that 95% of Latin American crypto users intend to boost their investments in 2025, driven by a search for substantial returns and financial freedom.
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Bybit Hacker Surfaces as the 14th-Largest ETH Holder
The Bybit hacker, presumed to be linked to North Korea, now holds a significant amount of Ether, potentially affecting the cryptocurrency’s market dynamics due to the now-permanently lost supply.
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Ether Price Climbs After Bybit’s Alleged ETH Purchases
Reports reveal that Bybit is planning to invest 100 million USDT into buying Ether, resulting in a price increase of over 2.3% for the cryptocurrency amid overall market gains.
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Polygon Labs Envisions Decentralized Charitable Donations
Sandeep Nailwal from Polygon Labs discusses how blockchain can enhance efficiency, transparency, and speed in philanthropy, potentially revolutionizing the charitable sector.
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