🔥 Last 24 Hours of the Hottest Crypto News (2026-02-21/22)

1. Bybit $1.5 Billion ETH Stolen (Trending Across the Web)

- Evening of the 21st: Bybit cold wallet hacked, over 400,000 ETH/stETH (about $1.5 billion) transferred out
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- Attack method: Tampering with smart contracts + hiding signature interface, manipulating multi-signature cold wallets
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- Market reaction: 170,000 traders liquidated, $572 million lost; ETH, SOL, DOGE, and others collectively plummeted

2. US and European Crypto Regulatory Coordination (Industry Buzz)

- 21st: SEC and EU reach unified regulatory framework, standardizing asset classification, anti-money laundering, and investor protection
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- Significance: Ending “enforcement replacing regulation,” accelerating compliance and institutionalization, benefiting long-term capital inflow

3. Tether Stops Issuance of Offshore RMB Stablecoin CNH₮

- 21st: Tether announces immediate halt of CNH₮ issuance, redemption to cease after one year
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- Reason: Insufficient demand, competition from digital RMB, high liquidity/compliance costs

4. Russia Crypto + Stablecoin Developments

- Report: 5 exchanges helping Russia evade sanctions, ABCeX alone processed $11 billion in crypto transactions
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- Russia is studying a national stablecoin (proposed to be pegged to the ruble), aiming to reduce dependence on SWIFT

5. Market Sentiment and Predictions

- Kalshi traders bet on ETH dropping to $1,250, with 30% expecting it to fall below $1,000
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- Venture capitalist Draper reiterates: BTC could quadruple by 2028
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