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ETH News: Ether Price Spikes Further on Reports of Bybit Starting to Buy ETH

Summary by Coin Desk
The rise comes amid reports that Bybit has allocated 100 million USDT to a new wallet to buy the cryptocurrency.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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Coin DeskCoin Desk

ETH News: Ether Price Spikes Further on Reports of Bybit Starting to Buy ETH

The rise comes amid reports that Bybit has allocated 100 million USDT to a new wallet to buy the cryptocurrency.

·Manila, Philippines
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Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide…Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide…

Bybit Buys Back ETH After $1.4B Heist, Eyes on $3,100

The post Bybit Buys Back ETH After $1.4B Heist, Eyes on $3,100  appeared first on Coinpedia Fintech News After a $1.4 billion Ethereum (ETH) heist on Bybit on February 21, 2025, the exchange began buying ETH, as reported by crypto intelligence firm Arkham. According to a recent report by Arkham Intelligence, Bybit has spent nearly 100 million USDT to buy 54,393 ETH at an average price of $2,711, which was then deposited into the exchange. Howeve…

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Coin Desk broke the news in Manila, Philippines on Saturday, February 22, 2025.
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