Latest in #Crypto

1. Crypto Market Dips as Strategic Reserve Hype Fades  

In the last 24 hours, the cryptocurrency market saw significant declines, with Bitcoin falling below $84,000 and Ethereum dropping under $2,100 for the first time in 15 months. This follows President Trump’s March 2 announcement of a US Crypto Strategic Reserve, including Bitcoin, Ethereum, Ripple (XRP), Solana, and Cardano. Initially, prices surged—XRP up 33%, Solana 22%, and Cardano over 60%—but the hype has faded, leading to a "buy the rumor, sell the news" sell-off. Current prices show Bitcoin at $82,670.64 (-8.44%) and Ethereum at $2,062.95 (-9.90%), per Yahoo Finance. Analysts attribute this to uncertainty over the reserve’s implementation, with more details expected at Trump’s Crypto Summit on March 7. This volatility highlights the market’s sensitivity to policy shifts and economic factors like US tariffs.

2. Lazarus Group Launders $1.39 Billion in Stolen Ether  

A major security breach rocked the crypto world as the Lazarus Group, a North Korean hacking outfit, reportedly laundered $1.39 billion in Ether stolen from Bybit in just 10 days. This incident underscores persistent vulnerabilities in crypto exchanges. The massive laundering operation could prompt stricter security measures and regulatory oversight, raising concerns among investors already rattled by market dips.

3. SEC Ends Yuga Labs Probe, Forms Crypto Task Force  

In regulatory news, the SEC concluded its investigation into Yuga Labs, creators of Bored Apes NFTs, potentially signaling a softer stance on NFTs. Meanwhile, the SEC launched a new Crypto Task Force, with Hester Peirce announcing plans for roundtables on crypto regulations and security. These developments, reported today, suggest a proactive regulatory shift that could shape the future of crypto markets and boost investor confidence.

#CryptoNews #Bitcoin #Ethereum #LazarusGroup #SEC
#Crypto #CryptoNews #Bitcoin #Ethereum #LazarusGroup #SEC