Welcome to our 210th issue of State of the Market, where we provide an overview of crypto market activity from February 20 – February 26, 2025.
This week in crypto markets:
- Bybit suffered a $1.5B hack linked to North Korea’s Lazarus Group.
- Citadel Securities signaled its entry into crypto market making.
- Bank of America expressed interest in launching a stablecoin, pending regulatory clarity.
- The SEC dropped investigations into Coinbase, OpenSea, and Uniswap.
- Strategy acquired another 20,356 BTC, bringing its total to nearly 500K BTC.
- Ethereum’s Pectra upgrade failed to finalize on the Holesky testnet.
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