🐶📰 Weekend Update

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BTC $96,712 (-2.1%) | ETH $2,738 (-2.2%) | SOL $174 (-2.3%)

ByBit Hack

• $1.5B was stolen from ByBit in the largest heist in history

• Zachxbt attributed the hack to North Korea’s Lazarus group — Eric Wall detailed Lazarus’ playbook to offramp hacked funds

• ByBit stated that there are enough funds to process withdrawals — Over 99% have been completed

• Major exchanges are assisting ByBit by depositing ETH

Headlines

• The SEC agrees to dropped charges in lawsuits against Coinbase and OpenSea

• The S&P 500 set a new all-time high earlier in the week before it had its worst day of 2025 amidst covid 2.0 scare

• FTX creditors began to receive $1.2B in funds

• The SEC launched the Cyber and Emerging Technologies Unit which aims to combat fraud in crypto and other digital markets

• Javier Milei’s sister was implicated as the mastermind behind LIBRA — Arkham identified over 1000 addresses belonging to Kelsier Ventures

• Meteora CEO Ben Chow resigned as a video leaked incriminating him for his dealings with Kelsier

Other News

• Franklin Templeton filed for a Solana ETF

• Canary amended their filing for an HBAR ETF

• The SEC acknowledged 21 Shares’ filing to allow staking in their spot Ethereum ETF

• An Abstract exploit drained user funds

• Solana sentiment hit a new 12 month low

• Pro-Bitcoin Howard Lutnik was confirmed as U.S. Secretary of Commerce

• USD services returned for Binance.us customers

• $530M USDC was minted on Ethereum mainnet

Tokens and NFTs

• Kanye West is rumored to be launching a token

• The KAITO airdrop claim went live and is trading at a $1.6B FDV

• The PAIN presale token went live with 50% of the supply locked for 20 years — Trading at $37M market cap

• Dave Portnoy launched the GREED token on Pump Fun, purchased 35% of the supply at launch, and sold in one clip — Later launched GREED2

• Azuki released a trailer for their next anime episode

• The FWOG memecoin artist joined Yuga Labs as Creative Art Lead

• OpenSea paused rewards for listing and bidding instead focusing on rewarding those who buy and hold NFTs