Bybit’s $1.4 billion hack, the largest in crypto history, might have unexpected implications for Ethereum. As the exchange moves to recover, could this be a bullish catalyst for ETH?

The crypto industry started its Friday in a jubilant mood, with Coinbase Global Inc.’s announcement that US securities regulators were poised to dismiss a legal case against the nation’s largest digital-asset exchange.

Here's a quick recap of the crypto landscape for Friday (February 21) as of 9:00 p.m. UTC. Bitcoin and Ethereum price update Bitcoin (BTC) is currently trading at US$95,056, reflecting a 3.4 percent decrease over the past 24 hours.

Dubai-based cryptocurrency exchange Bybit has reported hackers stole $US1.5bn ($2.4bn) worth of digital assets in the largest crypto theft in industry history.