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Bybit Hack Failed To To Be Fathers, Traders Eye Sol etf

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By Omkar Godbole (at all times and unless indicated otherwise)

Bitcoin and Ether, the two largest digital assets according to market value, remain largely within their recent trading range two days after $ 1.5 billion hack Bybit, one of the leading cryptocurrency exchanges.

Eternal funding rates for both are positive, indicating a bias for long positions that benefit from rising prices. Bitcoin options in the derivit show a bullish bias for call options in all time frames, while those tied to the ether show a downside bias in March. The bias for the ether places, however, is present from the well before the hack.

Meanwhile, the 30-day Bitcoin of Volmex Finance indicates the index of volatility has dropped to an annual 48.45%, the lowest since July, according to the Charting Platform TradingView. Ether’s indicated volatility reversed the minor spike over the weekend from 67% to 70%.

Calm is a sign of maturity on the market, according to the QCP capital. “Price action has emphasized the growing season of the crypto landscape since the fall of the FTX in 2022, especially in the Crypto credit market,” the trading firm said. “Every aspect of crypto – from custodial and security solutions to corporate management and transparency – is strengthened in every previous crisis.”

Generally, the crypto community is ensured bybit’s ability to manage More than $ 6 billion was removed following the hack. Plus, the exchange is The space was filled In its ETH reserves.

According to Mena Theodorou, a co-founder of the Crypto Exchange Coinstash, all eyes are at Solana’s Sol as Franklin Templeton, one of the largest property management companies worldwide, submitted An area of Sol ETF proposal to Sec. In addition, 11.2 million Sol (2.3% of the total supply) from the FTX estate is scheduled to be locked on March 1, which can be respected by market volatility. Already there strengthened quantity with solu choices In the derivit.

President Donald Trump’s decision to audit gold reserves At Fort Knox in Kentucky has been in interest in the crypto community. “While routine gold audits are rare, the timing is noticeable as Trump continues to push a pro-crypto narrative. If the gold supply turns less than expected, it can boost the Bitcoin’s case as digital gold-and maybe even a superior reserve asset, “Theodorou said in an email.

In traditional markets, Yen continues to gain a basis against US dollars and currencies that are sensitive to the growth of currencies such as the Australian dollar, which calls for caution in the part of the bull assets of risk. Stay alert

What to watch

Crypto:
Macro
- Feb.
  - Base rate est. 2.75% compared to prev. 3%
- Feb. 25, 10:00 AM: The Conference Board (CB) released the report of the “Consumer Confident Index” of February.
  - CB Consumer Confidence EST. 102.1 compared to Prev. 104.1
- Feb. 25, 1:00 pm: Richmond Fed President Tom Barkin delivers a speech Entitled “Inflation then and now.”
- Feb. 25, 7:30 pm: The Australian Bureau of Statistics releases a report of “Monthly January Price Index.
  - Monthly CPI indicator est. 2.5% compared to prev. 2.5%
We are
- Feb. 24: Riot platforms (Disturbance), post -market, $ -0.18
- Feb. 25: Bitdeer Technologies Group (Btdr), pre -market, $ -0.17
- Feb. 25: Cipher Mining (CIFR), pre -market, $ -0.09
- Feb. 26: Mara Holdings (Mara), post -market, $ -0.13
- Feb. 26: Nvidia (NVDA), post-market

Events with the token

Votes and Management Calls
- Sky Dao voted Basic Protocol Changes Includes reduction of the Smart Burn Burn Engine Protocol to $ 15 million, and repairing several parameters to enable immediate purchases and direct all over-burning.
- The ampleforth dao voted Reduction of Flash Mint fee to 0.5% And the flash redemption fee to 5% to increase the system’s flexibility.
- Dydx Dao discusses the Establishment of a DYDX Buyback Program. Its initial step is to provide 25% of DYDX’s protocol net revenue to buy the token.
Unlocks
- Feb. 28: Optimism (OP) to unlock 2.32% of the circulating -shifted supply worth $ 35.43 million.
- Mar. 1: DYDX to lock 1.14% of the switch -switching supply worth $ 6.24 million.
- Mar. 1: Zetachain (Zeta) to unlock 6.48% of the switch -shifted supply worth $ 13.7 million.
- Mar. 1: Sui (Sui) to unlock 0.74% of the circulating -switch supply worth $ 81.07 million.
- Mar. 7: KASPA (KAS) to unlock 0.63% of the circulating -switch supply worth $ 15.55 million.
- Mar. 12: Aptos (APT) to unlock 1.93% of the circulating -transfer supply worth $ 69.89 million.
Token lists
- Feb. 25: Zoo (Zoo) listed in Kucoin.
- Feb. 26: Moonwell (Well) listed in Kraken.
- Feb. 27: Venice (VVV) listed in Kraken.
- Feb. 28: Worldcoin (WLD) listed in Kraken.

Conferences:

CoinDesk’s agreed to take place Toronto on May 14-16. Use a codebook code and save 15% on passes.

Token talk

By Francisco Rodrigues

The ones who do it The near $ 1.5 billion hack of the major crypto exchange bybit seems to turn to the famous Solana based on the token launchpad pump.fun to try launder the stolen funds.
Linked the pump.fun a token called “qindinhuang (500000)” in hacker (s) after a 60 sol transfer and The token was removed from the front of it to avoid this type of activity.
Pump.fun may be temporarily soon Launch Own Automated Market Maker (AMM) In a blow to the popular Decentralized Exchange Raydium based in Solana, which benefited from being a platform of the graduating pump.fun token to be exchanged.

Derivatives positioning

SOL options expired this Friday to the derivit trade with a premium of 7 vol points on calls, reflecting strong fears of the downside.
Ether options continue to reflect the downside concerns until the end of March, with subsequent expirations reflecting a bullish position. BTC options are bullish bias throughout the time frames.
The BTC block flows into the derivit featuring spreading calendars and a bull call spreads. ETH flows include long positions in calls to strikes of $ 2,850 and $ 2,900 and a short barrier to Expires April.
Funding rates on Perpetual Futures linked to OM token remains negative, a sign of merchants taking protective bearish bets as the price of the area continues to hit the record highs.

Market Movements:

BTC reached 0.7% from 4 pm et Friday at $ 95,581.78 (24hrs: -0.6%)
ETH is up to 1.91% to $ 2,679.37 (24hrs: -4.25%)
CoinDesk 20 climbed to 1.18% to 3,089.09 (24hrs: -3.52%)
Ether Cesr Composite Staking Rate does not change to 2.99%
BTC funding rate is at 0.0069% (7.51% annual) in Binance
DXY does not change to 106.6
Gold does not change to $ 2,936.29/oz
Silver does not change to $ 32.47/oz
Nikkei 225 closed on Friday +0.26% to 38,776.94
Hang Seng closed on Monday -0.58% of 23,341.61
FTSE reached 0.1% to 8,668.07
Euro Stoxx 50 does not change to 5,477.70
DJIA is closed Friday -1.69% to 43,428.02
S&P 500 closed -1.71% to 6,013.13
NASDAQ closed -2.2% to 19,524.01
The S&P/TSX composite index is closed -1.44% to 25,147.03
S&P 40 Latin America closed -2.89% to 2,408.55
The US 10-year Treasury Rate is up to 1 BP at 4.44%
E-Mini S&P 500 futures are up to 0.5% to 6,059.25
E-Mini Nasdaq-100 Futures reached 0.38% to 21,761.75
E-Mini Dow Jones Industrial Average Index Futures are up to 0.71% to 43,796.00

Bitcoin Stats:

BTC Dominance: 61.65% (24hrs: 1.3%)
Ethereum in Bitcoin Ratio: 0.02801 (-4.4%)
Hashrate (seven-day average move): 789 eh/s
HASHPRICE (spot): $ 56.53
Total Fees: 5.65 BTC / $ 540,507
CME Futures Open Interest: 169,620 BTC
BTC is priced at gold: 32.3 oz
BTC vs Gold Market Cap: 9.17%

Technical analysis

Sol's sunny chart. (TradingView/CoinDesk) — Sol’s sunny chart. (TradingView/CoinDesk)

Sol’s daily chart shows cryptocurrency dropped under its 200-day simple transfer of average.
Plus, it confirmed a double top breakdown with a move below the horizontal (yellow) support line.
The Bearish Technical Setup suggests scope for ongoing losses towards $ 120, which acted as a floor last year.
A move above the lower $ 209 printed early this month will prove the technical bearish point of view.

Crypto equities

Microstrategy (MSTR): Closed on Friday at $ 299.69 (-7.48%), up to 1.21% to $ 303.31 to pre-market
Coinbase Global (coin): closed at $ 235.38 (-8.27%), up to 2,02% at $ 240.20
Galaxy Digital Holdings (GLXY): Closed to C $ 22.76 (-11.27%)
Mara Holdings (Mara): closed at $ 14.66 (-8.09%), up to 0.41% to $ 14.72
Riot Platform (Riot): closed at $ 10.46 (-9.83%), up to 2.77% to $ 10.75
Core Scientific (Corz): closed to $ 10.80 (-8.78%), unchanged in pre-market
CleansPark (CLSK): closed to $ 9.24 (-8.15%), up to 0.97% to $ 9.34
COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): Closed to $ 20.52 (-8.76%)
Semler Scientific (SMLR): closed at $ 47.74 (-8.61%), up to 0.65% to $ 48.05
Exodus Movement (Exod): closed to $ 47.81 (+0.02%)

ETF is flowing

Spot btc etfs:

Net -Net Flow: -$ 69.2 million
Cumulative Net Flow: $ 39.57 Billion
Total BTC handling ~ 1.167 million.

Spot etfs

Net -Net Flow: -$ 8.9 million
Cumulative Net Flow: $ 3.15 billion
Total Eth Holdings ~ 3.808 million.

Source: Farside Investor

Overnight flowing

Top 20 prices and quantities of digital assets

Chart of the day

Solana: Daily DEX transactions and volume. (Artemis)

Sun -day transactions and combined quantities of trade in Solana’s decentralized exchange have rejected significantly since Trump’s memecoin debut a month ago.