Cryptocurrency exchange Bybit has announced the expansion of its bounty program, promising to pay 5% of the value of frozen funds to exchanges, coin mixers, or any individuals who can help freeze funds stolen by Lazarus Group, a hacker group believed to be affiliated with the North Korean government.
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Analysts at research and brokerage firm Bernstein predict that liquidity in the crypto market will shift from memecoins to more utility tokens in the DeFi, gaming, and NFT sectors.
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The cryptocurrency market is facing a bearish risk as demand for bitcoin and ether futures on the CME is weakening, according to a report from JPMorgan.
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