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Sushi OR Chinese Food?
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Those with important information were asked to reach out to the FBI’s Internet Crime Complaint Center.
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Meanwhile, blockchain analytics firm Elliptic has already flagged 11,084 crypto wallet addresses suspected of being linked to the Bybit exploit.
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The FBI shared 51 Ethereum addresses operated by TraderTraitor or closely connected to them for industry players to block or refrain from interacting with.
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The US Securities and Exchange Commission has acknowledged NYSE Arca’s proposal on behalf of crypto asset manager Grayscale to list and trade a spot Cardano exchange-traded fund (ETF).
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The Bybit exploiter appears to be splitting the DAI holdings into multiple addresses. Some funds have been directly deposited into non-Know Your Customer cryptocurrency exchange eXch, while some have been swapped back to ETH.
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According to the Associated Press, the Department of Veterans Affairs, which provides healthcare and other support for US veterans, laid off more than 1,000 employees, including researchers working on “cancer treatment, opioid addiction, prosthetics and burn pit exposure.”
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It has also laid off special education and student aid specialists from the Department of Education, including a $900 million cut from the budget of the Institute of Education Sciences — a wing of the department that tracks student progress.
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The White House felt it necessary to clarify Musk’s role amid the mounting controversies, stating on Feb. 17 that he was a special adviser to the president, is not a DOGE employee and had no authority to make decisions.
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Only two days later, Trump seemed to contradict his own administration. Reuters reported that he told a crowd in Miami, “I signed an order creating the Department of Government Efficiency and put a man named Elon Musk in charge.”
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Controversies and accounting consistencies aside, DOGE seems to show no signs of slowing down, with the Securities and Exchange Commission reportedly next up on the chopping block.
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Today in crypto, Stacks co-founder Muneeb Ali has warned that most Bitcoin layer-2 projects will fade away within three years even as Bitcoin gains dominance, and the US Securities and Exchange Commission has moved to drop its appeal over the controversial crypto broker-dealer rule, which comes as the regulator is reportedly prioritizing pausing crypto enforcement cases with imminent deadlines while addressing regulatory gaps.
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More than two-thirds of the existing Bitcoin layer-2 projects will cease to exist within three years as their initial excitement fades, said Muneeb Ali, co-founder of Stacks.
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“The honeymoon phase [for Bitcoin L2s] is a little bit over,” Ali said in an interview with Cointelegraph at Consensus 2025, while sharing updates on Stacks — a Bitcoin L2 originally launched as Blockstack in 2013.
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Stacks recently completed a major network upgrade, Nakamoto, which significantly improved user experience, Ali said, adding: “And the second big thing is that now Stacks is secured by 100% of Bitcoin hash.”
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Trump’s order created a crypto working group led by White House AI and crypto czar David Sacks to come up with a legal framework for crypto and stablecoins, along with studying the possible creation of a national crypto stockpile.
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As a result, users enjoy faster confirmations on the Bitcoin L2 while backed by the Bitcoin network’s inherent security.
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Speaking generally about the Bitcoin L2 ecosystem, Ali said that most projects have started to realize that “the market is super hard.”
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The US Securities and Exchange Commission has dropped its effort to undo a court ruling blocking a controversial broker-dealer rule that would have given the agency jurisdiction over decentralized crypto protocols.
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https://warpcast.com/mascasvi/0x177421c1
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