Selected weekly丨Bybit was stolen 1.5 billion US dollars; global financial markets fluctuate, Bitcoin fell below $80,000

PANews Editor's Note: PANews has selected high-quality content for a week to help everyone use weekend time to check for omissions and fill in the gaps. Click on the title to read.

Bybit theft incident

"Butterfly effect" triggered by 1.5 billion US dollars by Bybit: OTC group will usher in a freezing wave

This article aims to introduce hacker incidents and their fund cleaning methods, and warns that there will be a wave of large-scale freezing against OTC groups and Crypto payment companies in the next few months.

Bybit security investigation revealed: SAFE front-end cloud service was attacked, how to ensure security by signing more than one billion assets carried by wallets

On February 27, Bybit released a hacker evidence collection report, investigating the investigation directly pointed out that funds were stolen due to a vulnerability in Safe infrastructure, but it seems that Safe is not willing to accept the allegation.

The biggest hacker incident in the history of Web3, we witness the greatest solidarity

Faced with such a large amount, people realized that this is not only the largest hacker attack in the history of Web3 blockchain to date, but also an industry crisis.

Tim Beiko Detailed explanation: The amount of ETH stolen by Bybit hits a record high, but why can't Ethereum roll back?

The root cause of this hacker attack is one layer higher than the overflow vulnerabilities of TheDAO and Bitcoin.

Supporting Bybit reached US$320 million, who do you think of as white horse knights?

On the other side of the crisis, Crypto's centripetal force seems to be returning.

How did North Korean hacker group Lazarus Group conduct precision APT infiltration attacks?

Think of the exchange's cryptocurrency cold wallet as a special vault located on the top floor of a high-end office building.

Dialogue with Bybit CEO: How did Bybit get out of the"gate of hell" during the 72 hours of fear and pressure?

“One of my biggest fears is the inability to understand my limits and to live up to those who trust me.”

For more information about the incident, please check the topic: Real-time tracking of Bybit attacked incidents

Macro perspective

Crypto market plummeted, with more than 300,000 people losing their positions: the core incentives you need to know

This article attempts to clarify the causes of the current downward trend of cryptocurrencies and analyze the necessary conditions for the market to regain bullish sentiment.

What do industry insiders think about the crypto market’s sharp drop again?

Arthur Hayes believes that Bitcoin may fall to $70,000.

Thoughts about the Hong Kong Consensus Conference: The best era of VC coins has passed

The biggest feeling of going to Consensus HK this time is that VC is too difficult. It is not an exaggeration to say that there are sorrows everywhere, which is in a strong contrast with Marshals P.

Bitwise Chief Investment Officer: Good and bad news under the sharp pullback of the crypto market

All short-term news is bad, while all long-term news is good.

Analysis: The mysterious giant whale stockpiled $340 million in BTC, but the best time to buy at the bottom has not yet come?

Traders on social media seem to be keen on buying at the bottom, and the mysterious giant whale has taken action, but on-chain data analysis platform Santiment believes that this does not necessarily mean that the best time to buy has come.

AI and Meme

Being"back-thorned" by Pump.fun, Solana officially promotes Time.fun to explore new directions for ecological growth

Behind the official support of Solana to Time.fun is not only a strong response to Pump.fun's liquidity blood-sucking, but also another growth exploration after the chaos of celebrities sending coins hit Solana's ecosystem.

From the Hong Kong Consensus Conference, we can see the potential projects and directions of AI x Web3 now

What AI projects have emerged at the just-passed Hong Kong Consensus Conference 2025?

From launching platforms to AMM pools, the Meme empire of Pump.fun quietly emerged

Pump.fun is no longer content to be a "traffic provider" of Raydium, but tries to become a "controller" of liquidity.

A list of 6 emerging Launchpad platforms: Solana is still the main battlefield, and multiple gameplays are staged under the MEME kernel

This article PANews has included 6 newcomers to Launchpad platform. These platforms are mainly based on Solana, with their own characteristics in business models, and have shown innovative attempts in terms of security, gameplay diversity and popularity, but the core is still revolving around MEME.

PANews' account [MEME Daily] will select daily hot Memes for readers to understand the track situation. Click here to view.

What 's happening with Web3

Binance tests the "limited-up mechanism" for pre-market trading for the first time, and RED rose by up to 400% in three days before opening. Applicability remains to be tested by the market

Binance announced that it will launch a "limit limit mechanism" test in Launchpool pre-market trading, which targets RedStone (RED) tokens. However, it is still unclear whether this mechanism will become a long-term function. Previously, the Bitcoin plunge event on March 12, 2020, Huobi subsequently launched a partial liquidation and circuit breaker mechanism.

The biggest problem with Ethereum is that it suffers from the "big company disease"?

‍The current challenge facing Ethereum is actually a similar problem that all large companies will encounter: overall innovation is hindered, and management (Ethereum Foundation) "relying on their seniority" and inefficient.

Solana inflation revolution: SIMD-0228 proposal triggers community controversy, with 80% reductions in additional issuances hidden risk of "death spiral"

The blueprint that seems to be "smart issuance" has aroused fierce controversy in the community about the "inflation spiral" and the game of interest.

Why am I firmly optimistic about Ordinals? Personal statements at the game field and trough of miners, KOLs and gamblers

Ordinals is not a simple protocol, it is a mirror of the essence of the crypto market - greed, manipulation, and power are intertwined here, but it is also a Shura field of opportunity.

As top market makers enter the crypto market, what impact will Castle Securities have on the industry?

The transition from waiting to entering the market is no accident. The institutionalization of the crypto market, the gradual clarity of regulation, and competitive pressure have jointly promoted this process.

Dialogue with the CEO of KIP Protocol: Revealing the Libra project's multi-party relationship network, it only joined two days before the issuance of coins, but it was pushed to the front desk

After the Libra incident, PANews held an interview with Julian Peh, CEO of KIP Protocol. Julian responded positively to the incident. He said that KIP did not initiate the Libra project or Project Viva La Libertad. KIP was only invited to join the project on February 13 and did not make any profit from the project, but was artificially pushed to the front desk.

Technical Specification

Technology stack expansion: Overview of the principles and potential application scenarios of zkTLS

In general, zkTLS is a new technology that combines zero-knowledge proof (ZKP) and TLS (Transport Layer Security Protocol). It is mainly used in an on-chain virtual machine environment in the Web3 track, and it can verify the authenticity of the off-chain HTTPS data they provide without trusting a third party.

Delphi Digital: How to change the new AI economy by parsing the new ElizaOS v2 architecture?

The next phase of ElizaOS will focus on deeper automation, intelligent governance and more new areas of exploration.

Why are top venture capitalists like Pantera betting on Altius? Revealing the secret of how the modular execution layer cracks the performance bottleneck of blockchain

Raised $11 million in funding, created by a former Amber Group executive, Altius creates a plug-and-play "central kitchen-style" executive layer?

Open Intents: Can ERC-7683 become a "Walmart" supermarket with the intention of synergy between Ethereum chains?

Through the ERC-7683 standard, Open Intents Framework has promoted the intentional collaboration between Ethereum chains and provided DeFi with a more efficient cross-chain transaction solution.

From Cosmos to Ethereum: How does Initia integrate the advantages of the two major ecosystems?

If Ethereum is a "world computer", then Initia is a "world conductor".

Key information

Arthur Hayes: Bitcoin bearish to $70,000

Risk warning: A user's Binance account was damaged due to the stolen funds from Google's email address, and Binance account has large-scale logout.

Standard Chartered Bank: Bitcoin could reach $500,000 before Trump leaves office

Bitfinex report: Bitcoin transactions become turbulent, major crypto assets enter revision phase

Michael Saylor: Bitcoin is being discounted

Founder of Infini: Withdrawal is normal, and the worst case is full compensation

Beijing No. 3 Intermediate People's Congress held a research and demonstration meeting on the disposal of virtual currency

Suji Yan: All stolen transactions seem to be manual, and there is a possibility that the private key will be leaked on your birthday.

Putin: Russia and the United States prepare for cooperation