A record best forgotten.

Largest crypto hack ever.

Bybit, one of the world’s largest crypto exchanges, was hit by a massive hack this week. Attackers managed to steal $1.5 billion worth of Ethereum, making this the largest crypto theft in history. The hack has been attributed to the North Korean Lazarus Group, which has previously been linked to several major cyberattacks in the crypto sector.

Despite the scale of the attack, Bybit responded swiftly and effectively. The platform immediately replenished its reservesthrough emergency loans and large deposits, ensuring that users maintained uninterrupted access to their funds. Withdrawals and transactions remained operational, demonstrating the importance of strong risk management and crisis response in the industry. Bybit’s decisive action has largely preserved customer confidence despite the severity of the attack.

This incident serves as a reminder of how crucial it is to safeguard your assets and choose platforms with solid security and recovery mechanisms.

Trump moves forward with tariffs on Canada and Mexico.

Donald Trump announced this week that he will proceed with high tariffs on Canada and Mexico. Last month, a temporary deal postponed the decision, but now it appears to be moving forward.

Trump has previously shown that he primarily uses tariffs as a negotiation tactic. During his last presidency, he initiated a trade war with China, causing significant market volatility and uncertainty. However, as soon as a deal was reached, market stability returned, and stock prices surged.

We could see a similar scenario play out this time. The initial market reaction is negative, but as long as this remains part of Trump’s negotiation strategy, the long-term impact may be limited.

SEC drops multiple cases against crypto companies

The U.S. Securities and Exchange Commission (SEC) has dropped multiple ongoing investigations and lawsuits against major crypto companies. Coinbase, Robinhood, Uniswap, and OpenSea all saw the regulator suddenly ease its legal pressure—an announcement that was met with enthusiasm across the industry.

In recent years, the SEC has aggressively targeted the crypto sector, bringing lawsuits and investigations that placed companies under significant regulatory scrutiny. The decision to drop these cases is a direct result of the new crypto policy under the Trump administration. This signals a shift toward a more favorable regulatory environment, where innovation has more room to grow and legal uncertainty diminishes.

For crypto businesses, this marks a significant victory—one that could pave the way for further industry growth and adoption.