Here’s what happened in crypto today
Today in crypto, Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase, following a break in their acquisition routine. Saylor has shared a Sunday chart indicating this intention. The company currently holds 478,740 BTC, valued at approximately $45.8 billion, with a 47% return on investment. In related news, the Lazarus Group, suspected of orchestrating a $1.4 billion hack on the Bybit exchange, is also allegedly linked to recent Solana memecoin scams. Onchain investigator ZachXBT revealed connections between the Bybit hack and memecoin launches on Solana’s Pump.fun platform. Meanwhile, Ethereum core developer Tim Beiko advised against rolling back the Ethereum network, which some have suggested to reverse the effects of the Bybit hack. Beiko emphasized the technical complexity and potential consequences of such an action, highlighting that the exploit was enabled by a compromised interface that misled users about transaction intents.
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