Author: Crypto Insider

When Solana launched in 2020, co-founder Anatoly Yakovenko had the grand vision of becoming the Nasdaq on the blockchain — the home for onchain financial markets. Five years later, the memecoin trading activity we’re seeing on Solana is more akin to penny stocks than the tech giants that make up the Nasdaq index, like Apple…

Cryptocurrency exchange Bybit has suffered the largest hack in crypto history, losing more than $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH) and other ERC-20 tokens. The attack highlights that even centralized exchanges with strong security measures remain vulnerable to sophisticated cyberattacks, analysts say. Blockchain security analysts, including Arkham Intelligence and onchain sleuth ZachXBT,…

What is Hyperliquid? Hyperliquid is a decentralized perpetual exchange operating on its own high-performance layer-1 blockchain, HyperEVM. It specializes in perpetual futures trading, allowing users to speculate on crypto prices without holding the underlying assets.  The HyperEVM mainnet has been launched with smart contract capabilities while preserving its fast, low-latency trading. A key feature of Hyperliquid is…

The US Securities and Exchange Commission has agreed to dismiss its lawsuit against centralized exchange firm Coinbase, which had accused the company of operating as an unregistered securities broker. According to an announcement from Coinbase, the dismissal is still subject to approval by an SEC commissioner before the suit is officially withdrawn. Coinbase CEO Brian Armstrong said: “If…

Cryptocurrency exchange Bybit was exploited for more than $1.4 billion on Feb. 21, making it the single largest hack in the industry’s 15-year history. In value terms, the single attack represented more than 60% of all crypto funds that were stolen in 2024, based on Cyvers data. Hacks and scams have become commonplace in crypto, creating…

The US Securities and Exchange Commission has approved an application from Figure Markets for a yield-bearing stablecoin that will allow users to earn interest payments on their holdings — signaling the regulator’s intent to accommodate the rapidly growing stablecoin market. According to regulatory filings that appeared on the SEC’s website on Feb. 18, exchange operator Figure Markets…