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The crypto sector has witnessed a notable boost as the majority of the prominent assets display substantial gains. As per the data from CryptoRank, the total market cap of the crypto realm has reached $3.36T with a 1.00% increase over the last 24 hours. In addition to this, well-known crypto assets like Bitcoin ($BTC), Ethereum ($ETH), and Slana ($SOL) have also experienced significant profits. 📈Market Overview$BTC holds strong above $96K, while $ETH surges 4% to $2.8K, lifting $OP (+7%), $ZRC (+7%), and $STRK (+6%) in its wake.Amid failed political memes, the market remains wary of @kanyewest upcoming token launch next week—rumors suggest he sold his X account for… pic.twitter.com/Y8nBzkFWYK — CryptoRank.io (@CryptoRank_io) February 23, 2025 In the meantime, the Fear and Greed Index has jumped to 50, showing the “neutral” position. Overall, these positive developments signify the potential for further growth in the short term. CryptoRank has shared market review through its official social media, X account. Bitcoin ($BTC) and Ethereum ($ETH) Record 0.15% and 4.69% Price Increases CryptoRank’s data reveals a 0.15% increase in the price of Bitcoin ($BTC) on the 23rd of February. As a result of this, the top crypto asset is changing hands at $96,366. However, its dominance has seen a slight decrease of -0.86%, placing its market dominance at 56.90%. Additionally, Ethereum ($ETH) has gone through a 4.69% price spike to reach $2,812 over twenty-four hours. Apart from that, its market dominance has also increased by 3.84% to reach 10.10% in total. $LINK’s Price Witnesses Substantial 4.64% Surge among Others Simultaneously, the top altcoins like $SOL, $BNB, $ADA, and $TRX have also recorded noteworthy gains. $SOL’s price has reached $172.07 after a 0.12% surge while $BNB’s price is $664.62 following a 1.38% increase. Along with that, $ADA has climbed by 2.78% while $TRX enjoys a 1.83% upsurge. The other prominent players include $XRP and $LINK, recording 0.64% and 4.64% increases. Concurrently, the memecoin sector also presents a positive outlook with $DOGE and $SHIB accounting for 1.21% and 2.98% gains during past twenty-four hours. $VALOR and $OM Lead Small and Large-Cap Gainers with 92.6% and 13.5% Surges In line with the market data, the small-cap crypto gainers include $VALOR, $CAR, $SKI, $JAILSTOOL, and $SWARMS. These projects have seen 92.6%, 56.5%, 54.2%, 54.2%, and 49.0% daily gains respectively. Moreover, the large-cap crypto gainers take into account $OM, $SPX, $XCN, $OP, and $HNT. They reportedly saw gains of 13.5%, 9.26%, 8.29%, 7.12%, and 7.30% respectively. InffinityGround, Primus Labs, and Acre Amass $2M, $6.5M, and $4M in Funding Rounds The data from CryptoRank also points out the recent funding rounds of InfinityGround, Primus Labs, and Acre. Particularly, InfinityGround effectively collected $2.0M in its funding round while Primus Labs pocketed $6.5M. Additionally, Acre’s funding round added an amount of $4.0M. Despite a slight dip of -2.86% in spot volume, the overall crypto market presents a gradual increase in optimism.

Starknet to launch $STRK staking Phase 2 in Q2 2025 Starknet (STRK), the zk-rollup-based Ethereum $ETH layer-2 network, announced on X that Phase 2 of STRK staking will launch in Q2 2025. This phase will introduce validator block attestation to assess validator performance…

I picked up a few airdrops this cycle: • TIA • STRK • BLAST • ZK • ODOS • PENGU • IP TIA ended up being the highest in $ value for me but only because I found out I qualified when the price was already above $20. Talk about timing, right? 😅 I also scored a guaranteed…

Great opportunity to buy $HOLDCOIN !!! Buy and hold or regret later, its already on the way 💪 $UNIO $BLASTUP $ZKF $DOGS $SNIFT $BTC $ZZZ $WAT $JAILSTOOL $BROCCOLI $TRUMP $ELON $PONKE $PEPE $GEEK $DOGE $STRK

zkLend, a decentralized finance lending protocol on Starknet, has suffered a major security breach. As a result, it lost approximately 3,700 ETH, worth around $4.9 million. The exploit has forced the platform to pause withdrawals while investigations continue. Response to the Exploit zkLend confirmed the incident in a series of X posts on February 11, stating that millions worth of cryptocurrency had been drained from its smart contracts. “We are aware of the ongoing security incident on zkLend. The team is now investigating and will provide an update when possible,” the protocol stated. Hours later, they advised users to refrain from depositing or repaying funds while they worked to determine the root cause. They also halted all withdrawals to prevent further losses. Following the attack, zkLend sought the services of several organizations, including StarkWare, ZeroShadow, Binance Security, and Hypernative Labs, to help track the hacker and recover the stolen funds. It also promised to share a more detailed analysis as soon as a post-mortem was completed. The exploit affected several DeFi strategies linked to zkLend, including STRKFarm’s STRK, USDC, and ETH Sensei strategies, putting withdrawals on ice until the situation gets resolved. According to blockchain security firm QuillAudits, the perpetrator, identified by the address 0x64…9109, first targeted a specific contract, 0x04…3b26, before siphoning the funds. They then moved the stolen assets to Ethereum, funneling it through the Railgun crypto mixer, a privacy-focused tool often used to obscure transaction trails. On-chain data shared by the security platform showed several transactions leading to laundering activity, with 706 ETH, valued at about $1.8 million, already sent through the mixer. Whitehat Bounty Offer In a last-ditch effort to recover the funds, zkLend issued a direct message to the hacker, offering a 10% whitehat bounty. This would mean that the attacker would keep nearly 400 ETH worth more than one million dollars if the remaining 3,300 ETH were returned by 00:00 UTC on Valentine’s Day. The team also stressed that the offer is legally binding and releases the exploiter “from any and all liability” regarding the heist. It isn’t the first time protocols on the wrong end of exploits have tried negotiating with bad actors to have funds returned. In March last year, WOOFI lost $8.5 million in a flash loan attack, and subsequently offered a percentage of the loot as a whitehat bounty. Similarly, almost half a year before that, North Korean hackers stole more than $70 million from the CoinEx crypto exchange’s hot wallets, leading the platform to offer them what it termed a “generous bug bounty.” Sadly, in both cases, no funds were ever returned despite the bounty pleas. The post zkLend Exploited for $4.9M in ETH, Team Appeals to Hacker with 10% Offer appeared first on CryptoPotato.