In the last day, the cryptocurrency market has experienced a 3.6% dip, bringing the total market capitalization to $3.3 trillion. Despite these minor downturns, major altcoins like Ethereum, XRP, and Solana are showing notable resilience.

This robust performance is particularly noteworthy given a recent event: Bybit, a prominent exchange, was targeted in a significant security breach resulting in a staggering $1.4 billion loss – marking it as the largest hack in crypto history. This unexpected resilience has actually amplified investor optimism.

As market participants closely watch these developments, a spotlight is forming around iDEGEN (IDGN). This AI agent token has already garnered substantial attention, securing $24 million in its presale. So, what’s behind the buzz?

According to the iDEGEN presale page, the project is slated to launch on exchanges on February 27, 2025.

Industry lauds Bybit’s response after $1.4 billion hack

On February 21st, Bybit officially confirmed a cyberattack of unprecedented scale within the crypto realm. Within hours, blockchain investigator ZachXBT revealed key details about the perpetrators.

ZachXBT reported that the 401k ETH, valued at over $1.4 billion and stolen from Bybit, was traced back to the Lazarus Group. This hacking collective, allegedly backed by North Korea, is also suspected in the Phemex hack, among numerous others.

This $1.4 billion heist is not only the largest to date, but also represents a concerning 16% of all reported cryptocurrency hacks combined. While this news initially triggered panic and notable outflows from Bybit, the exchange has since earned widespread praise for its swift and effective handling of the situation’s aftermath.

Bybit processed withdrawals

From direct updates led by Bybit CEO Ben Zhou to transparent official communications, Bybit appears to have navigated this crisis more effectively than many exchanges have in past incidents.

The exchange also reaffirmed its solvency, assuring users of its ability to process withdrawals and confirming that all customer assets are backed 1:1.

Crucially, support poured in from across the industry, including rival exchanges. Bybit’s CEO shared that bridge loans and other support mechanisms have helped them secure funds equivalent to 80% of the stolen amount. Bitget notably contributed 40,000 ETH, valued at over $105 million, as part of this industry-wide backing.

With Bybit demonstrably managing this major incident, investor confidence remains strong. The prevailing outlook anticipates a continued bull market into 2025, suggesting potentially explosive growth in the months ahead.

iDEGEN raises $24 million ahead of exchange listing on Feb. 27

iDEGEN, powered by its IDGN token, is an exciting artificial intelligence project entering the popular AI agent market. While embracing elements of meme coin culture, it taps into a sector gaining serious traction with the increasing convergence of crypto and AI technologies.

The countdown is on: iDEGEN is now just 5 days away from its market debut.

5 days. That’s all that’s left before $IDGN officially enters the wild.

The question is, are you holding or are you jeeting yourself out of financial freedom.

Choose wisely.

$IDGN➡️ pic.twitter.com/NlupDvwuHF

— iDEGEN UPDATES (@iDEGEN_Updates) February 22, 2025

With emerging projects like Virtuals Protocol and ai16z generating market enthusiasm, iDEGEN’s unique approach is fueling significant investor interest. iDEGEN opted for a bold strategy: it launched a blank-slate AI agent and unleashed it upon the “degens”—crypto enthusiasts known for their unfiltered engagement. Eschewing typical guardrails, iDEGEN invited raw, unconstrained input first on platforms like X, and subsequently on Telegram and TikTok.

This unconventional method has cultivated a massive community and driven presale funding to over $24 million, demonstrating strong momentum as iDEGEN advances towards becoming a leader in the agentic token space. The iDEGEN presale concludes on February 26th, with the IDGN token poised to launch on its initial exchanges just 24 hours later, on February 27th.

Adding to the excitement, iDEGEN has announced its upcoming listing on BitMart, a leading centralized exchange platform. IDGN is scheduled to become available on BitMart starting March 4, 2025.

Currently, the iDEGEN presale price is set at $0.0345. The final presale stage will see a price increase to $0.038. Should the post-listing energy combine with broader positive trends in the crypto market, IDGN’s value has the potential for substantial upward movement.

To discover more about this project, please visit the official iDEGEN website.