As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed about the latest developments and trends. Our weekly recap provides a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space.
The Biggest Crypto Hack on Bybit: How It Happened
On February 21, 2025, Bybit suffered a massive security breach, losing $1.4 billion in digital assets—the largest crypto hack ever. Hackers exploited a vulnerability during an Ethereum (ETH) transfer from the exchange’s cold wallet. Blockchain analysts, including ZachXBT and Arkham Intelligence, linked the attack to North Korea’s Lazarus Group, known for high-profile crypto thefts.
MetaMask 2025 Roadmap
MetaMask is set to support Bitcoin (BTC) and Solana (SOL), expanding beyond Ethereum-based assets. Co-founder Dan Finlay announced the update at an industry event in Denver, alongside a redesigned mobile app, a MetaMask-linked Mastercard, and a gas-free transaction feature.
Uniswap Simplifies Crypto-to-Fiat Transactions
Uniswap has teamed up with Robinhood, MoonPay, and Transak to enable crypto-to-fiat withdrawals in over 180 countries. Users can now sell crypto and receive funds directly in their bank accounts. The feature, launched on February 27, is currently available on Uniswap’s mobile wallet, with web and browser support coming soon.
These events highlight the ever-changing landscape of the crypto and DeFi space. The importance of cybersecurity and new opportunities, such as support for various blockchains and simplified transactions, play key roles in the industry’s development.
