1. Bybit Recovers About 70% of ETH Reserves

After being attacked on the 21st, Bybit's ETH reserves plummeted to 61,000 coins. As of the time of writing, according to CryptoQuant data, Bybit holds approximately 308,100 ETH, recovering about 70% from 439,000 ETH on February 20. Bybit suffered a loss of over $1.4 billion in STETH, mETH, and other Ethereum ecosystem tokens during the attack on the 21st, marking the largest crypto theft in history. -Original

2. Bybit Supplements ETH Reserves to 50%

Odaily Planet Daily reports that the Bybit exchange was hacked, resulting in a loss of over $1.4 billion in liquid-staked ETH, mETH, and other ERC-20 tokens. However, according to CryptoQuant data, Bybit replenished its ETH reserves to nearly 50% of pre-attack levels within two days of the hack. According to Lookonchain monitoring, Bybit may have purchased a total of 106,498 ETH (approximately $295 million) through OTC in the past 24 hours. -Original

3. Mirana Ventures Transfers 10,000 ETH to Bybit

About 31 minutes ago, Mirana Ventures transferred 10,000 ETH to Bybit Deposit, valued at approximately $27.97 million, and subsequently, these funds were moved to Bybit's hot wallet address. -Original

4. Increase in Sponsorship of Sports Teams by Crypto Companies

Collaborations between cryptocurrency companies and sports teams are on the rise, ranging from sponsorships of Formula 1 racing teams to football, mixed martial arts, and even snooker. Cryptocurrency exchanges like Coinbase, Gate.io, and XBO.com, stablecoin issuer Tether, as well as cryptocurrency betting sites Sportsbet.io and Cloudbet, have recently signed significant partnerships with sports organizations. -Original

5. SUI to Unlock $220 Million in Tokens Next Week

Next week, five crypto projects will unlock tokens, releasing a total value of approximately $290 million. On February 25, ALT will unlock about 24 million tokens (approximately $11.72 million), accounting for 2.401% of the total supply; on February 26, ENA will unlock about 12.86 million tokens (approximately $5.94 million), accounting for 0.086% of the total supply; on February 28, OP will unlock about 31.34 million tokens (approximately $36.66 million), accounting for 0.73% of the total supply; on March 1, SUI will unlock about 64.72 million tokens (approximately $220 million), accounting for 0.647% of the total supply; on March 1, ZETA will unlock about 44.4 million tokens (approximately $14.75 million), accounting for 2.114% of the total supply. -Original

6. Michael Saylor May Increase Bitcoin Holdings

Odaily Planet Daily reports that MicroStrategy founder Michael Saylor has released information related to Bitcoin Tracker again, stating, "I don't think this reflects what I did last week." According to previous patterns, MicroStrategy always discloses information about increasing Bitcoin holdings the day after related news is released. -Original

7. eXch Denies Money Laundering Allegations

The non-KYC centralized exchange eXch has denied allegations of money laundering on behalf of the Lazarus Group, although its team acknowledged that some funds were handled by the exchange in "isolated cases." Blockchain analysts traced the funds from the Bybit hack back to eXch, where the company's ETH reserves surged over the weekend. The exchange refused to block addresses marked as malicious by Bybit, claiming that Bybit is "actively damaging [eXch]'s reputation." -Original

8. Hong Kong Asia Holdings Increases Bitcoin Holdings

According to an announcement from the Hong Kong Stock Exchange, Hong Kong Asia Holdings has announced that its board has approved the company to further increase its investment in Bitcoin. On the 20th of this month, a series of transactions were conducted on a cryptocurrency trading platform in the public market to purchase approximately 7.88 units of Bitcoin at a total cost of about HKD 5.9369 million, funded by internal resources of the group. The group currently holds approximately 8.88 units of Bitcoin, with an average cost of HKD 756,200. -Original

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