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Bybit CEO Ben Zhou Provides Update on Hacked Funds and Recovery Efforts


Ben Zhou, co-founder and CEO of Bybit, has released an executive summary detailing the status of hacked funds totaling approximately $1.4 billion, or around 500,000 ETH. According to Zhou, 68.57% of these funds remain traceable, while 27.59% have gone dark, and 3.84% have been frozen....

N1 Launches First Testnet, Inviting Developers for Access


N1, a layer 1 blockchain backed by Founders Fund, has announced the launch of its first testnet, inviting developers to request access via direct message. Designed to support applications and horizontal scalability, N1 aims to streamline performance by avoiding consensus in most cases, allowing...

Opensea Announces Open Access for Solana Token Trading on OS2


Opensea has officially launched open access for solana token trading on its OS2 platform, eliminating the previously established waitlist of over 50,000 users. This move allows all users to engage in solana token trading immediately, marking a significant step in the platform’s evolution....

HTX Integrates Fireblocks Off-Exchange to Secure Institutional Trading


HTX has integrated and launched Fireblocks Off-Exchange, a solution aimed at institutional trading. This integration enhances the platform’s security infrastructure and streamlines operations within a compliant framework. Fireblocks Off-Exchange enables institutions to securely trade digital assets...

Mike Novogratz’s Galaxy Ventures Fund Surpasses $150 Million Goal


Mike Novogratz’s Galaxy Ventures Fund I LP has exceeded its initial fundraising goal of $150 million, with expectations to close between $175 million and $180 million by the end of June, according to a Bloomberg report. The fund, which focuses on early-stage startups with an emphasis on payments...

OKX Officially Launches US Operations With New Exchange and Wallet


OKX has officially announced its launch in the United States, introducing a centralized cryptocurrency exchange and the OKX Wallet, with its regional headquarters established in San Jose, California. Roshan Robert has been appointed as the US CEO, emphasizing the company’s commitment...

Xapo Bank Reports Record Bitcoin Trading Volume in Q1 2025


Gibraltar-based Xapo Bank, a digital asset-friendly regulated bank, has announced that Bitcoin trading volume reached record highs in the first quarter of 2025, marking a 14.2% increase compared to the previous quarter. The surge in trading activity is attributed to strong Euro and USDC deposits...

Blockchain Surveillance Firm Elliptic Expands Coverage to Over 50 Chains


Elliptic, a blockchain surveillance firm, has expanded its coverage to include over 50 blockchain networks, a move aimed at improving its ability to track and analyze digital asset transactions. This expansion follows data indicating that 33% of complex cross-chain investigations involve more than...

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