Binance’s research arm Binance ResearchAccording to the latest report published by the crypto currency market in February by 20.2 percent of the depreciation of one of the worst February in history passed. Behind this bitter picture where millions of investors are erased from the market and evaporate billions of dollars, the US President Donald Trump‘s 25 percent of the imports from Mexico and Canada, the biggest hacking attack in the history of Bybit and a harsh decline in the Memecoin market took place. At the same time, traditional financial markets were negatively affected by developments. Technology shares have fallen from the beginning of the year, while Amazon (AMZN), Google (Google) and NVIDIA (NVDA) giant shares also depreciated.
Bybit hack attack
BybitOn 21 February 2025, he was attacked by the largest hacking in history and crypto money of $ 1.46 billion was stolen from the wallets of the stock market. North Korean -based hacker group behind the attack Lazarusturned out to be. Hackers SAFE (Wallet) developer with a Phishing attack targeting Bybit’s Ethereum $2,295.31 He provided access to his cold wallet.
Following the incident, more than 350 thousand withdrawals were made and the stock market processed these demands within 12 hours. It was announced that 42.89 million dollars were frozen from the hacking funds.
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This event is more safe to the stablecoins and Bitcoin 
$91,278.90While directing to (BTC), Ethereum (ETH) has seen a serious loss of market value. In February EthereumWhile the price fell by 20 percent, Bitcoin’s dominance on the market increased by 1 percent to 59.6 percent.
US Tariff Decisions
President Trump’s statement on imports from Canada and Mexico has imposed a 25 percent customs duty negatively affected financial markets. Investors escaping from risky assets with concerns of trade war, Crypto Money MarketThere was a large wave of sales. In February, the total market value fell from $ 3.6 trillion to 2.8 trillion dollars.
Solana (Left) Network decrease in the heaviest blow to one of the crypto coins and the network of $ 485 million funds output. These funds are predominantly Ethereum, Arbitrum (ARB) and Bnb shifted to Chain. In addition, the process volumes of Memecoin projects, which are operational on Solana, decreased by 90 percent.
Stablecoin and Real World Assets (RWAs) rose
Uncertainty in the Crypto Money Market stablecoinincreased interest in RWA projects. While the total value of the stablecoin market increased by 10 percent, it reached 224 billion dollars, Rwa The market value of their assets increased by 17 percent and increased to 17 billion dollars. In this major increase in these two branches of the crypto currency market, the demand for the new US Stablecoin laws and the demand for financial products that provide stable returns was effective.
On the other hand, Ethereum based NFT Market38.2 percent decrease in a volume decreased. The number of unique users trading NFT has declined to the lowest level since April 2021. Despite this, NFT Marketplace OpenSEA‘s market share rose to 71.5 percent.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
