SEC drops legal cases against crypto firms, North Korean hackers steal $1.4 billion, memecoin craze cools

From Cointelegraph
February 28, 2025 08:53:17 AM:

In February, the crypto industry saw major policy changes and growing Bitcoin adoption. The Bitcoin network is decentralizing, with public companies holding 35% of global hashrate. The SEC dropped or paused legal proceedings against exchanges like Coinbase and Uniswap. However, North Korean hackers stole $1.4 billion in Ether, and memecoins issuance dropped to 40,000 per day.

The SEC dropped 6 legal cases against major crypto firms, signaling a new approach. The Crypto Task Force is discussing rules on staking and ETPs. Ripple’s case might be dismissed. Bitcoin ownership is mostly by individuals, with governments and institutions showing interest.

US lawmakers seek Bitcoin reserves, with Trump forming a group for crypto regulation. Some states reject bills for crypto reserves, while others introduce new legislation. The focus is on exploring national crypto reserves.

North Korean hackers Lazarus pulled off the largest crypto heist, stealing $1.4 billion in Ether from Bybit. The hack surpassed all of 2024’s combined. Memecoins are cooling down, with daily issuance at its lowest since December 2024. Concerns arise over the memecoin frenzy’s impact on individuals and the market.

Read more at Cointelegraph: SEC drops 6 cases, memecoin craze cools and more