
SOTM February 20 – February 26, 2025
Bybit’s Big Hack | Citadel Securities Signals Entry into Crypto Market Making | BofA Expresses Interest in Launching Stablecoin |

Bybit’s Big Hack | Citadel Securities Signals Entry into Crypto Market Making | BofA Expresses Interest in Launching Stablecoin |

In this issue of Coin Metrics’ State of the Network, we turn our attention to the Bybit exchange hack, utilizing on-chain

$LIBRA Rattles Market | Mubadala Discloses Stake in Blockrock’s BTC ETF | FTX Begins Bankruptcy Payments | SEC Acknowledges 21Shares

In this issue of Coin Metrics’ State of the Network, we break down Pectra’s key changes and what they mean for

Bitcoin Briefly Dips Below $95K | Goldman Sachs’ 13F Filing Reveals BTC and ETH Holdings | 21Shares to Intro Staking

Trump Signs Pro-Crypto Initiatives | SEC Launches “Crypto 2.0 Task Force” | $TRUMP Memecoin | Circle Acquires Hashnote | MicroStrategy

Crypto Markets Surge | MicroStrategy Acquires More BTC | Sony Unveils Soneium L2 | Nubank Introduces USDC Rewards Program |

In this week’s special edition of State of the Network, we explore the 2025 outlook for digital assets, highlighting Bitcoin’s

U.S. DOJ Authorized to Sell Silk Road BTC | Greenland’s Bitcoin Mining | Starkware Introduces SN Stack | Bitcoin Mining

In this special edition of the State of the Network, we reflect on a year full of riveting data and
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