🌅 Crypto Hacks Surge as $370 Million Vanishes in January
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Crypto hacks are surging, with $370M stolen in January alone. India keeps crypto tax unchanged in its 2026 budget, while Ripple Labs secures a major license in Luxembourg. BTC’s price is retracing to 2021 levels, as Binance buys $100M worth of Bitcoin. ✨Take a closer look:
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*🔖 Security & Hacks:
🔹Recent attacks have stolen over $370 million in January alone, showing crypto’s growing vulnerability (Source)
🔹. BitMine’s treasury faces nearly $7B unrealized losses after the Ethereum slump, sparking concerns for long‑term holders (Source)
🔹. These incidents underscore the need for stronger security and better risk management across the sector (Source)
🔹. Users and firms should prioritize multi‑signature wallets and real‑time monitoring for assets (Source)
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*🔖 Regulatory Moves:
🔹India keeps its current crypto tax in Budget 2026, leaving investors wary of higher costs (Source)
🔹. Hong Kong will grant the first stablecoin issuer licenses in March, signalling a regulatory shift in Asia (Source)
🔹. South Korean watchdogs now use AI to track crypto manipulation, raising transparency standards (Source)
🔹. UAE’s investment in a high‑profile foundation may spark a new wave of hype for emerging tokens (Source)
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*🔖 Market Dynamics:
🔹Bitcoin’s price is trending back toward 2021 levels, with key indicators pointing to renewed upside (Source)
🔹. XRP fell below $1