ProBit Global Highlights:
Get ready for ann exciting week of events up ahead! 🚀
Ongoing Events:
- SHIBAcoin (SHIBACOIN) Staking Event;
- Vista Finance (VISTA) Airdrop
- Vista Finance (VISTA) Trading Competition
Gear up for another action-packed week filled with awesome events only on ProBit Global!
Bitcoin Drops Below $80K, Wiping Out Recent Gains
Bitcoin has fallen under $80,000 for the first time in over three months, marking a sharp decline from its recent highs. On Feb. 27, Bitcoin hit $79,752, a drop of 2.65% in just one hour, triggering over $80 million in liquidations, according to CoinGlass. The cryptocurrency last traded at this level in November before its surge to an all-time high of $109,000 in January. Now down nearly 26% from that peak, Bitcoin's volatility continues to test investors. Market uncertainty and shifting economic conditions are weighing on prices, causing traders to brace for further turbulence.
Solana Struggles to Recover as Market Pressure Mounts
Solana’s price has taken a hit, dropping to $131.90 on Feb. 25—its lowest in five months. The sharp decline wiped out over $129 million in leveraged long positions, and despite a brief bounce to $140, SOL remains 17% lower since Feb. 22. Onchain activity has slowed, with decentralized exchange volumes plunging 30% in a week. Meanwhile, weak demand for Solana futures and concerns over inflation are adding to the bearish outlook. With key factors weighing on the ecosystem, SOL may take longer to recover compared to Bitcoin and other altcoins.
Grayscale Pushes for Polkadot ETF Listing on Nasdaq
Nasdaq has filed to list a Polkadot ETF from Grayscale, adding to the growing wave of cryptocurrency funds awaiting SEC approval. If approved, the Grayscale Polkadot Trust would join the asset manager’s expanding portfolio, which already includes Bitcoin and Ethereum ETFs. Grayscale is also pursuing ETFs for Solana, Litecoin, Dogecoin, and other altcoins. With multiple firms vying for approval, the SEC’s stance on crypto ETFs is shifting. While Bitcoin and Ethereum ETFs have been greenlit, altcoin-based funds are still under review, leaving investors eager to see if Polkadot will be next in line.
Lazarus Group: The Cybercrime Empire Behind Billions in Crypto Theft
North Korea’s Lazarus Group has cemented its reputation as the most dangerous hacking syndicate in the crypto world. Since 2017, it has stolen over $6 billion, targeting major exchanges with sophisticated cyberattacks. Its latest heist—$1.4 billion from a well known crypto exchange—proves the group’s tactics are more advanced than ever. Investigators linked the attack to previous breaches, revealing a pattern of phishing, malware, and money laundering through decentralized platforms. Beyond large-scale theft, Lazarus also uses fake job scams and IT infiltrations to steal funds. As law enforcement intensifies its crackdown, the group continues to evolve, posing a growing global security threat.
Pakistan Explores Legalizing Crypto with National Crypto Council
Pakistan is considering a major shift in its stance on digital currencies. The Finance Ministry is exploring the creation of a National Crypto Council to regulate and potentially legalize crypto in the country. With over 20 million Pakistanis involved in crypto, the move could bring clearer regulations and lower transaction costs. Finance Minister Muhammad Aurangzeb, after meeting with a foreign delegation linked to President Trump, urged an open-minded approach. While Pakistan once opposed crypto, the government now sees it as an opportunity to align with global trends, fostering innovation while ensuring security and compliance in the financial sector.
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