Bybit Secures Funds to Cover Withdrawals After $1.4B Hack

Good afternoon, here’s your weekly recap from Rain:

Highlights

• U.S. Spot Bitcoin ETFs See Record $1 Billion Daily Outflow | Read more
• Bitcoin Drops to $86K as Crypto Market Faces Broad Sell-Off | Read more
• Strategy Adds $1.99B in Bitcoin, Nears 500,000 BTC Holdings | Read more
• Bybit Secures Bridge Loan to Cover Withdrawals After $1.4B Hack | Read more
• Bybit Launches $140M Bounty Program to Recover Stolen Funds | Read more
• Lazarus Group Hacks Bybit for $1.5B in Largest Crypto Theft Ever | Read more
• Bernstein Reaffirms $200K Bitcoin Target | Read more
• Franklin Templeton Seeks to Include Staking in Solana ETF Proposal | Read more
• SEC Drops Coinbase Case as Regulatory Shift Gains Momentum | Read more
• Sam Bankman-Fried Returns to X | Read more

Product Updates

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Global Markets Slide Amid U.S. Tariff Concerns and Risk-Off Sentiment

Bitcoin fell to the mid-$86,000 range on Tuesday, with major altcoins seeing sharper declines amid a global market downturn. Equity markets also faced pressure, with the S&P 500 and Nasdaq closing lower as investors reacted to U.S. tariff concerns and broader macroeconomic uncertainty. The Crypto Fear and Greed Index dropped to a five-month low, reflecting growing caution across digital assets. Analysts highlight the strong correlation between crypto and traditional markets, with investors closely watching upcoming U.S. inflation data for potential market direction.

Read of the Week:

How the largest crypto exchange hack happened: What Ethereum security experts say about Lazarus' $1.5 billion Bybit attack | Read more

RAIN NEWS?

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