I do not give random signals like many others do. They don't even trade their own signals. I focus more on educating my followers but i always share my trade plans. Trades that i personally take.
In a show of confidence, Binance and Bitget have transferred over 50,000 ETH to Bybit’s cold wallets following a major security breach that resulted in the theft of 401,346 ETH ($1.46 billion). The attack has been attributed to the notorious Lazarus Group, a North Korean state-sponsored hacking organization.
Blockchain analysts noted that these transfers bypassed standard deposit addresses, indicating a direct and coordinated effort to support Bybit. Bitget’s contribution of nearly 40,000 ETH is particularly significant, amounting to nearly half of its excess ETH reserves.
Bybit CEO Ben Zhou confirmed that hackers compromised one of the exchange’s Ethereum cold wallets through a manipulated multisig transaction. Despite the breach, Zhou reassured users that Bybit remains solvent and is actively securing bridge loans to cover the losses.
Security experts, including blockchain investigator ZachXBT, provided conclusive evidence linking the attack to the Lazarus Group, the same entity behind the $625 million Axie Infinity Ronin hack in 2022.
The crypto industry’s rapid response highlights a growing trend of exchanges collaborating to maintain stability in times of crisis, reinforcing confidence in centralized platforms amid security threats. #BybitHack #CryptoSecurity #Binance #Bitget #ETH #LazarusGroup #Blockchain
Altcoin News: CryptoQuant CEO Declares Altcoin Season Has Begun, Driven by Stablecoin Holders
The next altcoin season has officially begun, but unlike past cycles, this one is not fueled by Bitcoin-to-altcoin rotations—it’s being driven by stablecoin holders, according to Ki Young Ju, CEO of CryptoQuant.In a Feb. 20 post on X, Young Ju noted that altcoin trading volume is now 2.7 times higher than Bitcoin's, signaling a shift in market dynamics. Historically, altseasons occurred when traders took profits from Bitcoin and reinvested in altcoins. However, this cycle is different. Stablecoins Fueling the Altcoin RallyInstead of Bitcoin dominance declining—traditionally a sign of an altseason—stablecoin capital is flowing into select altcoins, according to CryptoQuant’s analysis. This shift follows a sharp increase in stablecoin market capitalization, which surged after Donald Trump’s U.S. election victory. As of Feb. 21, total stablecoin market cap stands at $232 billion, per CoinGecko.However, this altseason is highly selective, Young Ju warned. Not all altcoins are rallying, and liquidity remains limited, with some networks, such as Solana, experiencing investor outflows due to rug pulls and insider schemes in the memecoin sector.Bitcoin's Institutional Adoption Alters Market TrendsMeanwhile, Bitcoin is increasingly decoupling from the broader crypto market due to institutional adoption. U.S. Bitcoin ETFs now hold over $100 billion worth of BTC, and public companies have accumulated more than $60 billion in Bitcoin as an inflation hedge, according to BitcoinTreasuries.NET.Young Ju previously highlighted that Bitcoin has effectively built its own "paper-based Layer 2 ecosystem" through ETFs, funds, and corporate treasury holdings, reducing its correlation to altcoins.As a result, only a handful of altcoins are attracting new liquidity and establishing independent price trends, marking a new era for altcoin market cycles, according to Cointelegraph.
Preventing your capital from losses is better than making money in such market conditions. it's okay to miss out on small moves but always good to enter when you're comfortable.