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XRP has fallen more than 8% in the past 24 hours as the digital asset briefly dropped below $2. Egrag Crypto believes that XRP could soar to $320 by the end of 2026. CryptoBull said that XRP bottom has been reached and set $4 as the next target. XRP has plunged, now ranked fourth by market capitalization, and losing 8.4% in its pricing within the last 24 hours to now trading at $1.99. Just in the past week, the altcoin was down 23.6%, that has now led investors to ask: a potential $1 crash by as early as March 1st? But, despite the downturn, prominent analyst Egrag Crypto remains bullish, suggesting that XRP could still reach $320 by 2026. In a post on X (formerly Twitter), the analyst shared a chart indicating that the price could even surge to $800 in an extreme bull case. Egrag Crypto reassured investors that any price below these levels would be a golden buying opportunity. #XRP – Do you Comprehend? If you do not know what you are hodling, SELL NOW and get some Rest. In the next couple of months and years it won't make a difference at what price you bought #XRP, the only thing you will say I wish I bought more.#XRPFamily Together We Rise. pic.… The post XRP Price Prediction: Analyst Speculation on a Potential $1 Crash as Early as March 1 appeared first on Coin Edition.

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Former Binance CEO Changpeng Zhao (CZ) has criticized Safe Wallet’s post-mortem update on the Bybit hack, calling it “not that great” and raising concerns about how attackers tricked multiple signers. His comments follow an audit report stating that the breach resulted from a compromise of Safe’s infrastructure rather than the exchange’s systems. Safe’s Response Forensic investigations found that compromised Safe Wallet credentials led to the nearly $1.5 billion Bybit exploit. In a statement on X on Wednesday, the crypto wallet provider confirmed the findings, stating that the hack stemmed from a “compromised Safe Wallet developer machine.” The company highlighted that the reports did not identify vulnerabilities in its smart contracts or front-end source code. It also announced that it had fully rebuilt and reconfigured its infrastructure and changed all credentials, ensuring the attack vector was “fully eliminated.” However, CZ criticized the statement, saying: “This update from Safe is not that great. It uses vague language to brush over the issues. I have more questions than answers after reading it.” He questioned what “compromising a Safe {Wallet} developer machine” meant and how the attack happened, asking whether social engineering or a virus was involved. He also inquired how the developer machine had access to an account operated by Bybit and whether the code was deployed directly to production. Further concerns were raised about how the attackers bypassed Ledger verification, whether blind signing was involved, or if signers failed to verify properly. The Report and Updates On February 26, Bybit released a forensic audit conducted by Sygnia and Verichains about the attack. The audit revealed that Safe developer’s credentials had been compromised, giving hackers access to the wallet’s infrastructure, which led to signers being deceived into approving a malicious transaction. According to the report, the exploit was carried out using “malicious JavaScript code” that had been injected into Safe’s Amazon Web Services system two days earlier. The script activated only when transactions came from specific contract addresses, including Bybit’s multi-sig contract and another address suspected to belong to the criminal. Just two minutes after the hack, the attackers removed the malicious code from Safe’s system and disappeared. Forensic experts and the company have also confirmed that Bybit’s infrastructure was not compromised. Since the incident, Bybit has borrowed 40,000 ETH from Bitget to meet withdrawal demands, which have since been repaid. The firm has also restored its reserves through loans, asset purchases, and whale deposits, securing 446,870 ETH valued at $1.23 billion. CEO Ben Zhou confirmed that the exchange now has 100% backing for client assets. The post CZ Criticizes Safe Wallet’s Post-Mortem on Bybit Hack appeared first on CryptoPotato.

TL;DR Cardano’s ADA dropped by double digits in a week, with whales offloading over 170 million tokens, potentially signaling more downward pressure. Hopes for a rebound rest on the potential approval of a spot ADA ETF filed by Grayscale, which could attract traditional investors and boost demand. More Pain Ahead? Cardano’s ADA was trading well above $0.80 towards the end of last week. However, the start of the new business week offered a lot of pain for the bulls, with the asset plunging to as low as $0.63 (per CoinGecko’s data). ADA slightly rebounded over the past several hours to the current $0.67. Still, this represents a 15% decline on a seven-day scale. ADA Price, Source: CoinGecko According to some factors, the negative trend could be far from over. The popular analyst, going on X as Ali Martinez, estimated that whales dumped more than 170 million ADA in the span of 96 hours. The stash equals almost $115 million (going at current rates). Continued efforts of that type would create an influx of tokens on the open market, potentially overwhelming demand and having a negative effect on the price. Additionally, the whales’ actions are closely monitored by some smaller players who could follow suit and intensify the selling spree. Earlier this month, Martinez maintained that ADA’s most critical support stands between $0.67 and $0.70. “As long as this level holds, the bull run remains intact,” he claimed at the time. As mentioned above, though, the valuation briefly tanked below the depicted level. The Potential Price Catalyst While the overall environment looks quite grim, one important factor might bring back the green candles. This is the possible launch of a spot ADA exchange-traded fund (ETF) in the United States, whose chances of approval before the end of 2025 have risen to 67% lately. The improved odds result from the SEC’s acknowledgment of Grayscale’s application to introduce such an investment vehicle. The product will allow investors to gain exposure to ADA without needing to directly purchase, store, or manage the cryptocurrency. This simplifies the process, especially for traditional investors unfamiliar with crypto wallets and exchanges. Additionally, the world’s largest digital asset manager – Grayscale – operates under regulatory frameworks, providing a layer of security and transparency. That might be particularly attractive to risk-averse investors who might be hesitant to enter the volatile crypto market. The post Millions of ADA Sold by Cardano Whales During Market Crash – Will the Decline Continue? appeared first on CryptoPotato.