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Here are the top crypto stories of the week …👇💡

North Korea Behind Today’s $1.5 Billion Exchange Hack - Largest in Crypto History 🚔

• North Korea's Lazarus Group was identified as the perpetrator behind Bybit's $1.46 billion hack, deemed the largest crypto theft ever, according to blockchain analytics firm Arkham Intelligence.

• Bybit's CEO Ben Zhou confirmed the exchange's solvency despite the hack, stating that the hacker took control of a specific ETH cold wallet and transferred all ETH to an unidentified address.

• The incident caused a significant dip in crypto prices, with Bitcoin and Ether experiencing slumps following the news of the massive hack.

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 Coinbase says ‘Full Dismissal of SEC Lawsuit is Imminent’ 🏛️

• Coinbase announced an agreement in principle with the SEC to dismiss the lawsuit against it with prejudice, pending approval from the SEC's two commissioners, Mark Uyeda and Hester Peirce.

• The lawsuit, filed in 2023, accused Coinbase of selling 13 unregistered securities, including Solana and Filecoin, but Coinbase's wallet service allegations were previously dismissed.

• Coinbase's motion for an interlocutory appeal was granted, allowing a higher court to consider if intermediated crypto transactions involve investment contracts, a key issue for crypto exchanges.

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Circle Mints Another $250 Million USDC on Solana, Totaling $8 Billion Minted in 2025 🤑

• Circle has minted an additional $250 million in USDC on the Solana blockchain. This brings the total USDC minted on Solana in 2025 to $8 billion.

• The minting highlights Circle's commitment to expanding its presence in the cryptocurrency market, particularly on the Solana network.

• The announcement was confirmed by multiple sources, emphasizing the integration of USDC within the Solana ecosystem.

• Rising stablecoin values typically precedes larger upwards in underlying token price.

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Kanye West to Launch Memecoin ‘YZY’ on February 23, Mimicking TRUMP Token 💸

• Kanye West, also known as Ye, is set to launch a memecoin called YZY on February 23, 2025.

• The YZY token is inspired by the TRUMP token and will serve as the official currency for the Yeezy brand.

• Ye will control 70% of the YZY token's supply, with 20% allocated to investors and 10% for liquidity provision.

• The launch comes after Shopify cut ties with Kanye West, prompting the creation of this new digital currency.

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Sam Bankman-Fried Courts Trump, Musk in Bid for Clemency ⛓️

• Sam Bankman-Fried, the jailed co-founder of FTX, is seeking a presidential pardon by aligning himself with the political right, expressing support for Donald Trump and Elon Musk.

• Bankman-Fried, serving a 25-year sentence for defrauding customers, criticized the Biden administration and the judicial system, marking a shift from his previous role as a major Democratic donor.

• His parents are reportedly in talks with individuals close to Trump's circle to explore clemency options, drawing parallels to the case of Silk Road founder Ross Ulbricht, who was pardoned by Trump.

• The collapse of FTX in 2022, valued at $32 billion, led to one of the largest financial scandals in the crypto industry, with Bankman-Fried found guilty on multiple fraud charges in 2023.

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