Welcome to The Daily Leo! We pull the best articles in Finance, Crypto news, and Hive/Leo into one condensed information-packed space. Be sure to follow @thedailyleo so you never miss the Daily LEO. You can also subscribe to the newsletter here Subscribe to the Daily LEO
BYBIT Got Hacked for $1.4B in ETH
Bybit was hacked for $1.4 billion in Ethereum, about 70% of its ETH reserves, causing market panic and a shift to stablecoins. The breach, confirmed by Bybit’s CEO, targeted a multi-sig cold wallet. Despite market losses, Bybit remains solvent, with the stolen amount equaling 8% of its holdings—roughly its annual profit. Withdrawals continue, while exchanges monitor the hacker. Bybit plans to buy Ethereum OTC to minimize impact, which could restore confidence and trigger a positive market reaction.
Ethereum's Next Big Move?
Ethereum has struggled to regain its all-time high, leading to negative sentiment due to delayed scaling and lower fees. Despite this, institutions are accumulating during price dips, signaling confidence.
Etherealize aims to drive institutional adoption, positioning Ethereum as the leading blockchain for real-world assets (RWAs) like bonds and stocks. With competitors facing reliability issues, Ethereum’s stability makes it the preferred choice for the projected $30 trillion RWA market by 2030, potentially revitalizing its transaction volume and fees.
DePIN Projects You Don’t Want To Miss In 2025!
DePIN was a major crypto trend in 2024, offering passive income through decentralized infrastructure networks. While many projects use physical devices, others allow participation via laptops or mobile devices.
Key emerging projects include Teneo (social media data extraction), DeSpeed (bandwidth tracking), OpenLoop (Solana-based with $15M funding), DATS (part of Peaq’s Get Real campaign), and DeNet (major upcoming airdrop). Running multiple nodes across these projects maximizes rewards, as DePIN continues to grow as a decentralized data economy.
Making tokenized RWAs active liquidity for crypto is still underexplored
Tokenized real-world assets (RWA) have gained traction, with over $17.45 billion tokenized, yet they contribute little liquidity to the crypto ecosystem. Unlike stablecoins, which inject liquidity by default, most RWAs remain passively held, benefiting issuing institutions rather than DeFi. Major players like BlackRock’s BUIDL exemplify this issue, as its $399M value isn't actively traded.
The key challenge is developing DeFi-driven solutions to transform tokenized RWAs into active liquidity sources, ensuring they strengthen the crypto economy rather than serving as mere blockspace fillers for traditional finance.
InLEO is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Posted Using INLEO