{"id":47960,"date":"2025-02-26T13:48:32","date_gmt":"2025-02-26T13:48:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=47960"},"modified":"2025-02-26T13:48:32","modified_gmt":"2025-02-26T13:48:32","slug":"crypto-news-of-the-week-2","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=47960","title":{"rendered":"Crypto News of the Week"},"content":{"rendered":"<p><strong>\ud83d\udcc9 Market Movements<\/strong><br \/>Bitcoin took a hit this week, dropping over 13% from $106,000 to $92,000. The decline comes amid growing economic uncertainty, geopolitical tensions, and a series of security breaches in the crypto\u00a0space.<\/p>\n<p><strong>\ud83d\udd13 Major Security Breach<\/strong><br \/>A major hack shook the crypto world as Dubai-based exchange Bybit lost approximately $1.5 billion worth of Ethereum. The exploit occurred during a routine transfer, with hackers diverting funds to an unknown address. Bybit has assured users that remaining assets are secure but warned of potential withdrawal delays.<\/p>\n<p><strong>\ud83c\udfdb\ufe0f Regulatory Updates<\/strong><br \/>Robinhood breathed a sigh of relief after the SEC closed its investigation into the company\u2019s crypto operations without taking enforcement action. Meanwhile, the Trump administration appears to be taking a more lenient stance on crypto, with several lawsuits against exchanges being dismissed.<\/p>\n<p><strong>\ud83c\udfe2 Corporate Moves<\/strong><br \/>MicroStrategy continued its aggressive bitcoin accumulation, purchasing an additional 20,356 BTC. The company now holds nearly 500,000 bitcoins, worth approximately $47.4 billion, as part of its long-term strategic investment in digital\u00a0assets.<\/p>\n<p><strong>\ud83c\udde6\ud83c\uddf7 Political Scandals<\/strong><br \/>Argentina\u2019s President Javier Milei is under fire after promoting the meme coin $LIBRA, which saw a sharp price surge followed by a dramatic crash. Critics are accusing the president of involvement in a \u201crug pull\u201d scheme, with opposition parties demanding an investigation.<\/p>\n<p><strong>\ud83c\udfaf Fun Fact<\/strong><br \/>In a hilarious twist, North Korean hackers from the infamous Lazarus Group, known for stealing billions in crypto, lost 46,300 XRP (~$121,000) after forgetting to include a destination tag in a transaction\u200a\u2014\u200amaking the funds unrecoverable. Even cybercriminals can have a bad\u00a0day!<\/p>\n<p>Stay tuned for more updates, and as always, stay safe in the crypto space!\u00a0\ud83d\ude80\ud83d\udcb0<\/p>\n<p><a href=\"https:\/\/medium.com\/coinmonks\/crypto-news-of-the-week-ab938326dde3\">\ud83d\ude80 Crypto News of the Week \ud83c\udf10<\/a> was originally published in <a href=\"https:\/\/medium.com\/coinmonks\">Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcc9 Market MovementsBitcoin took a hit this week, dropping over 13% from $106,000 to $92,000. The decline comes amid growing economic uncertainty, geopolitical tensions, and a series of security breaches in the crypto\u00a0space. \ud83d\udd13 Major Security BreachA major hack shook the crypto world as Dubai-based exchange Bybit lost approximately $1.5 billion worth of Ethereum. The [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-47960","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47960"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47960"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47960\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}