Latest news with #February2025
CBS News
07-07-2025
- Entertainment
- CBS News
Penguins hatched at National Aviary join colony with new names
The African penguin chicks that hatched at the National Aviary have new names, and they're ready to join the colony. The aviary revealed the penguins' names on Monday, sharing photos of the adorable siblings waddling around their new home. The oldest sibling's name is Oswald. It was picked by the family of aviary manager Kevin Fonner. The inspiration comes from the 1992 film "Batman Returns," starring Pittsburgh native Michael Keaton. In that movie, the Penguin's real name is Oswald Cobblepot. The younger sibling, a girl, was named Nora in honor of senior director Gina Grone's daughter. Oswald and Nora hatched back in February. They're the 11th and 12th chicks fledged by parents Bette and Sidney. The juvenile African penguin chicks that hatched at the National Aviary in February of 2025 have joined the Penguin Point colony. (Photo: Britta Moletz) Joining the Penguin Point colony Chris Gaus, the aviary's assistant manager of animal care, said staff members took a unique approach towards getting Oswald and Nora ready to join Penguin Point. "In addition to having them interact with their penguin parents, we created an opportunity for the young siblings to slowly acclimate to being in social settings as potential future Animal Ambassadors, while also educating thousands of guests during exclusive Chick Talks this past Spring. After witnessing their comfort levels around others and confirming that they could successfully feed on their own, we knew they were ready to make their official public debut with the colony!" Gaus said. The National Aviary's African penguin colony lives in the Penguin Point habitat. They're a temperate species comfortable in a wide range of temperatures, making them well-suited for Pittsburgh's weather. How the siblings help penguin conservation The aviary says Oswald and Nora's presence in the Penguin Point colony is an exciting step towards saving the critically endangered species from the brink of extinction. The National Aviary is part of the Association of Zoos and Aquariums Species Survival Plan, meaning the members of Penguin Point play an important role in helping their species rebound and keeping the genetic lines of those in zoos strong, diverse and healthy.
Tahawul Tech
03-07-2025
- Business
- Tahawul Tech
Bybit helped contain crypto crisis after a hefty hack
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has been featured in a new research report by Glassnode, the leading onchain market intelligence provider trusted by top-tier financial institutions worldwide. The findings highlight Bybit's unprecedented recovery rate and how the exchange's zero-time response helped contain a potential crisis, absorbing market shock that could have sent the crypto industry into a downward spiral. The comprehensive report, titled Digital Asset Market Resilience: A Deep Dive into the Bybit-Lazarus Hack, analyses the timeline, trading activity, and critical market data from February 2025's unprecedented cyber attack—the largest crypto hack in history at a hefty $1.4 billion—while benchmarking it against major disruption events across both the digital asset and traditional financial markets. Defying historical patterns of financial crises and crypto collapses, the industry's response to the Bybit-Lazarus hack heralds a new era of digital asset market resilience. Perpetual Open Interest and Volumes Recovery The report examined the performance of three key assets traded on Bybit: BTC, ETH, and SOL. A day after the hack on February 22, ETH open interest on Bybit experienced one of its most severe contractions on record due to widespread position unwinding and forced deleveraging. However, over the following two months, open interest changes turned predominantly positive, with most values returning to long-term averages and at times exceeding normal volatility thresholds. Both BTC and SOL followed a similar pattern to ETH's after the breach. According to the report, at the time of publication, all three had been restored to pre-hack levels, with BTC and SOL achieving significant milestones in May—BTC reached a new high in futures perpetual open interest at $8.5 billion, while SOL hit $1.2 billion. 'When examining perpetual trade volumes for the Ethereum asset, we observe stability in trading activity before and after the hack event, with volumes remaining largely unchanged. Additionally, following Ethereum's outperformance in recent weeks, trade volume on Bybit has surged, reaching a new all-time high of $8.5B/day, a remarkable milestone given that Ethereum was the primary asset targeted in the hack', wrote the analysts in the report. Narrowing Spreads: Liquidity Conditions Stabilised Following the hack, Bybit's deep liquidity—long considered one of its key competitive advantages—was challenged. Its market liquidity experiencing immediate stress as bid-ask spreads widened drastically and market depth contracted sharply. The phenomenon indicated widespread participant withdrawal during the period of uncertainty. The exchange completed a record 350,000 withdrawals within 12 hours after the breach. However, both metrics have shown steady recovery since mid-April, with bid-ask spreads returning to near pre-incident levels and market depth actually surpassing pre-hack values by May, signalling restored market maker confidence and normal trading conditions. Breaking the Crisis Pattern: Why the Bybit Hack Didn't Trigger Industry Collapse Instead of cascading into industry-wide panic and systemic pressure, the hacking incident left only a temporary dent in Bybit's liquidity before the exchange bounced back to pre-hack levels. To assess Bybit's operational stability, Glassnode developed a proprietary model based on two key indicators: Internal Reshuffling Ratio and Whale Withdrawal Ratio. Both metrics showed a period of post-hack spikes before returning to normal levels. The report attributed the prevention of market spillover to Bybit's 'swift operational response, transparent communication, and strong internal controls', which enabled the exchange to protect customer funds, maintain platform integrity, and contain contagion risk. The report adds to growing analytical literature on the historic hacking incident, whose aftermath demonstrated the industry's evolving resilience by avoiding systemic collapse seen in previous crises like FTX and Terra. Bybit not only contained potential market-wide damage but saw key assets reach new trading records, proving institutional-grade practices are now embedded in digital asset markets. This incident marks a pivotal shift in crypto's capacity to absorb major disruptions, potentially transforming investor confidence and accelerating industry maturation. To find out more about the report, users may visit Glassnode Insights. Image Credit: ByBit & Glassnode
Zawya
02-07-2025
- Business
- Zawya
New report finds Bybit's rapid response to historic hack helped prevent systemic collapse in crypto markets
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has been featured in a new research report by Glassnode, the leading onchain market intelligence provider trusted by top-tier financial institutions worldwide. The findings highlight Bybit's unprecedented recovery rate and how the exchange's zero-time response helped contain a potential crisis, absorbing market shock that could have sent the crypto industry into a downward spiral. The comprehensive report, titled Digital Asset Market Resilience: A Deep Dive into the Bybit-Lazarus Hack, analyzes the timeline, trading activity, and critical market data from February 2025's unprecedented cyber attack—the largest crypto hack in history at a hefty $1.4 billion—while benchmarking it against major disruption events across both the digital asset and traditional financial markets. Defying historical patterns of financial crises and crypto collapses, the industry's response to the Bybit-Lazarus hack heralds a new era of digital asset market resilience. Perpetual Open Interest and Volumes Recovery The report examined the performance of three key assets traded on Bybit: BTC, ETH, and SOL. A day after the hack on February 22, ETH open interest on Bybit experienced one of its most severe contractions on record due to widespread position unwinding and forced deleveraging. However, over the following two months, open interest changes turned predominantly positive, with most values returning to long-term averages and at times exceeding normal volatility thresholds. Both BTC and SOL followed a similar pattern to ETH's after the breach. According to the report, at the time of publication, all three had been restored to pre-hack levels, with BTC and SOL achieving significant milestones in May—BTC reached a new high in futures perpetual open interest at $8.5 billion, while SOL hit $1.2 billion. 'When examining perpetual trade volumes for the Ethereum asset, we observe stability in trading activity before and after the hack event, with volumes remaining largely unchanged. Additionally, following Ethereum's outperformance in recent weeks, trade volume on Bybit has surged, reaching a new all-time high of $8.5B/day, a remarkable milestone given that Ethereum was the primary asset targeted in the hack,' wrote the analysts in the report. Narrowing Spreads: Liquidity Conditions Stabilized Following the hack, Bybit's deep liquidity—long considered one of its key competitive advantages—was challenged. Its market liquidity experiencing immediate stress as bid-ask spreads widened drastically and market depth contracted sharply. The phenomenon indicated widespread participant withdrawal during the period of uncertainty. The exchange completed a record 350,000 withdrawals within 12 hours after the breach. However, both metrics have shown steady recovery since mid-April, with bid-ask spreads returning to near pre-incident levels and market depth actually surpassing pre-hack values by May, signaling restored market maker confidence and normal trading conditions. Breaking the Crisis Pattern: Why the Bybit Hack Didn't Trigger Industry Collapse Instead of cascading into industry-wide panic and systemic pressure, the hacking incident left only a temporary dent in Bybit's liquidity before the exchange bounced back to pre-hack levels. To assess Bybit's operational stability, Glassnode developed a proprietary model based on two key indicators: Internal Reshuffling Ratio and Whale Withdrawal Ratio. Both metrics showed a period of post-hack spikes before returning to normal levels. The report attributed the prevention of market spillover to Bybit's "swift operational response, transparent communication, and strong internal controls," which enabled the exchange to protect customer funds, maintain platform integrity, and contain contagion risk. The report adds to growing analytical literature on the historic hacking incident, whose aftermath demonstrated the industry's evolving resilience by avoiding systemic collapse seen in previous crises like FTX and Terra. Bybit not only contained potential market-wide damage but saw key assets reach new trading records, proving institutional-grade practices are now embedded in digital asset markets. This incident marks a pivotal shift in crypto's capacity to absorb major disruptions, potentially transforming investor confidence and accelerating industry maturation.
Fast Company
01-07-2025
- Business
- Fast Company
These companies are paying designers the most
As Fast Company wrapped up its latest report on the state of the design jobs market, we wondered which companies paid the highest premium for designers. We looked at the 40,000 job listings we'd gathered from Google's job search engine, over a period between December 2024 and February 2025, and zeroed in on the salaries that companies were offering to prospective employees across various different experience levels (entry level, 2–3 years, 4–5 years, 6–7 years, and anything above 8 years). We then averaged the salaries for all jobs that a company posted across these various experience levels and identified the seven highest spenders from each of seven categories: architects, game designers, graphic designers, urban designers, interior designers, product designers, and UX designers. The good news: Not every designer needs to be in the latter half of their career to reach the highest salaried heights. The bad news: All architects actually do need to be.
RNZ News
26-06-2025
- Business
- RNZ News
SailGP returns to Auckland at a later date
New Zealand SailGP Team helmed by Peter Burling sails towards spectators in the grandstand on Race Day 1 of The Rolex SailGP 2025 Championship ITM New Zealand Sail Grand Prix in Auckland Photo: Felix Diemer for SailGP SailGP will return to Auckland's Waitematā Harbour in February next year, sandwiched between two events in Australia. Auckland will host the F50 catamaran racing for a second time on 14 and 15 February, backing up from the debut event in the city in January this year. Ten events on the calendar for next season were announced in April - Perth, Sydney, Rio de Janeiro, Bermuda, New York, Halifax, Portsmouth, Saint-Tropez, Dubai and Abu Dhabi - with the Auckland event added on Friday and one more European event yet to be confirmed. Perth will host the 2026 season opener on 17 and 18 January, marking a change from this season which began in Dubai in November last year, before racing heads to Auckland and then on to Sydney a fortnight later as the 11-month-long championship enters a new era of starting the season in the Asia-Pacific region. SailGP chief executive Sir Russell Coutts said the next season of the championship was the "most expansive calendar to date". The competition was moving towards a regionalised format with multi-year hosting agreements, aiming to reduce travel distances and improve operational efficiencies. The Auckland event was supported by the government's Major Events Fund. Sailing on home waters, in front of a record crowd, did not go well for the Black Foils this season with the New Zealand boat missing the final and finishing fourth overall. Black Foils co-chief executive and driver Peter Burling said the first Auckland event "set a new standard for SailGP events" even if it took a while to eventuate . "It was special to finally see F50s racing in the inner harbour this year and showcase the spectacle of SailGP to our biggest city. The setting in Auckland is a great advertisement for what SailGP is all about. "I can't wait to be part of the energy that it brought to the city again next year. It really is special to race at home." Auckland's involvement for the 2027 season and beyond was still being negotiated. Black Foil Leo Takahashi has previously sailed with Japan and USA. Photo: supplied / SailGP SailGP was set to expand the 12-boat fleet next season and expressions of interest from potential owners for two new teams are open until mid-August. But is there enough sailing talent to go around? Some experienced sailors have shuffled between SailGP teams as new entries join the growing championship. This season the Black Foils gained Leo Takahashi from the USA and lost Andy Maloney to Brazil. Black Foils co-chief executive and sailor Blair Tuke said the movement of sailors was "normal" and helped the competition as "it knowledge shares across all teams". "That's part and parcel of this new world of professional sailing, and I think you'll see it happen more and more. It's not uncommon if you look across other sports, albeit it might be a new thing in sailing. "When we lost Andy to Brazil, on one hand you're disappointed because you've lost one of your star team members, but on the other hand it shows the growth of the league. That there are transfers happening now, or [situations] where people can go and get paid good money to race for other teams, that's a sign of the growth of the league." The top tier of experienced elite sailors was still small and Tuke and Burling have not been lured to another SailGP team, surely because of their co-chief executive roles and Live Ocean work, but sailors with their pedigree would be sought after - especially given the unique nature of SailGP, which limited the amount of time sailors get on the water in the boat ahead of a race weekend. "There are sailors out there but there's more work that needs to be done to try and make sure those teams are competitive as they step in," Tuke said of the expansion teams. "It is hard to close the gap if there is a skill gap. The league is invested in making sure that those teams, when they come in are at a higher level and can be competitive off the bat." Peter Burling and Blair Tuke (NZL) 49er Men on 24th July 2021. Photo: Photosport Tuke and Burling were working behind the scenes trying to grow the Black Foils brand so that they could continue to compete with teams which have bigger financial backing. "We're one of two or three teams that are still owned by the league, but we're on a pathway towards individual ownership," Tuke said. "The league's done a great job in its early stages of growing incredibly fast. You only have to look around and see the world-class sponsors that are on the boats, how much interest there is around the league, around the teams, just to know that this thing is a real deal. "For sure, us as a team need to do more, we want to keep growing the brand we need to do that so that we can attract more commercial sponsors and have more more longevity and be able to match it with the other teams so that's a huge focus." But come 2027 and the next America's Cup, the duo will spend a little less time together as Tuke remains with Team New Zealand and Burling leaves Team New Zealand to join Italy's Luna Rossa. "Our story started long before Team New Zealand, in the 49er with the Olympics, as we skip forward the story continues," Tuke said. "It's uncharted territory, but at the same time, we're very driven together at growing this team and to enjoy success. So there's more to write on the story, and I'm just excited to continue to take it on with him." Sailing's two big foiling competitions may get closer alignment in years to come. "I think it's fair to say it's still in its early stages of both the SailGP league and the America's Cup working together, but it's proving that it can do and as years go on that'll be a good thing for sailing. "If both properties are successful, then that's a great thing for the wider sailing community." New Zealand Sail Grand Prix in Auckland in January 2025. Photo: Bob Martin for SailGP
