Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bybit
Bybit Advocates Blockchain Ecosystem Expansion at Solana Breakpoint
Dubai, United Arab Emirates, October 10th, 2024, Chainwire At the recent Solana Breakpoint event, Ben Zhou, CEO and Co-Founder of Bybit, highlighted the company's commitment to advancing decentralized ecosystems, with a special focus on Solana. During a fireside chat with Lily Liu, President of Solana Foundation, Zhou elaborated on Bybit’s role as a key infrastructure player, emphasizing the exchange's support for enabling blockchain ecosystems to thrive. Infrastructure, Not Competition Zhou detailed how Bybit differs from other exchanges by positioning itself as an…
8 months ago
Bybit Announces 24-hour Flash Airdrop: New 100,000 USDT Prize Pool for WSOT 2024 Participants
Dubai, United Arab Emirates, October 9th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is keeping the surprises coming for participants of the world’s longest-running crypto trading competition, the World Series of Trading (WSOT) 2024. For 24 hours until 9:30AM UTC on Oct. 10, Bybit WSOT participants can join in to unlock a 100,000 USDT prize pool for one time only. In addition to various winning tracks and mechanisms and a total prize pool of 10,000,000 USDT,…
8 months ago
Bybit Reports Milestones as bbSOL Concludes First Month on Solana Blockchain
Dubai, United Arab Emirates, October 9th, 2024, Chainwire Bybit, the world’s second-largest crypto exchange by trading volume, is proud to announce the successful completion of bbSOL’s first month, marking a milestone in its mission to advance token staking on the Solana blockchain. As the first exchange-backed liquid staking token (LST) on Solana, bbSOL has gained momentum, attracting attention for its marketing strategies and integration across both centralized and decentralized platforms. Since its launch, bbSOL has positioned itself as a noticeable…
8 months ago
ATLETA and Bybit forge powerful partnership: a chance to win real Porsche, Rolex or iPhone
Mahe, Seychelles, October 9th, 2024, Chainwire ATLETA Network, modular, multi-layer blockchain for the sports industry, has teamed up with Bybit, one of the leading global crypto exchanges. This marketing strategic partnership will provide new users with a chance to win incredible prizes: a racing car Porsche 718, wrist watches Rolex, iPhone 16 Pro, and more. The ATLETA-Bybit Event kicked off on October 3rd, 2024. All participants have the opportunity to secure major rewards by joining, depositing, and trading. Here’s how…
8 months ago
Bybit and Nordic Blockchain Association Collaborate to Drive Innovation in the Nordic Blockchain Ecosystem
Dubai, United Arab Emirates, October 8th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced a strategic partnership with the Nordic Blockchain Association (NBA), the driving force behind the largest blockchain and Web3 conference in the Nordics. This collaboration aims to strengthen ties within the regional ecosystem while fostering international partnerships that will drive innovation and growth across the industry. The partnership comes at a pivotal time as the NBA continues its efforts to build a cohesive…
8 months ago
Bybit Expands Ecosystem Token Pools with SUI on Launchpool
Dubai, United Arab Emi, October 7th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the expansion of its Launchpool platform with the introduction of ecosystem token pools. Building on the success of earlier integrations such as Mantle, Bybit Launchpool now supports the SUI pool, marking a significant step towards broader ecosystem support and offering more targeted opportunities for token holders. This new initiative reflects Bybit’s long-term commitment to fostering blockchain ecosystems. The inclusion…
8 months ago
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BybitTradFi Veteran Shunyet Jan Joins Bybit as New Head of Derivatives Business
Dubai, United Arab Emirates, October 7th, 2024, Chainwire Bybit, the world's second-largest crypto exchange by trading volume, is pleased to announce the appointment of seasoned banker Shunyet Jan to head its derivatives division. This appointment underscores Bybit’s commitment to investing in talent that drives innovation and sustains its leadership in its derivatives business. Supporting Growth Amidst Industry Changes Shunyet Jan joins Bybit during a transitional time in the crypto industry, where regulatory landscapes are shifting, and new opportunities are emerging.…
8 months ago
Bybit Brings Crypto-Native Investors Closer to Traditional Markets by Trading Global Indices with USDT
Dubai, United Arab Emirates, October 3rd, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has further enhanced its MetaTrader 5 (MT5) platform with the introduction of indices trading. This new feature allows Bybit users access to global markets, including key benchmarks in Hong Kong and China. Bybit MT5 allows crypto investors to use USDT directly to trade traditional assets, such as commodities, forex and now major indices, in the format of CFDs. This innovation opens doors for native…
8 months ago
Bybit Bolsters Compliance with Appointment of New Chief Legal & Compliance Officer
Dubai, United Arab Emirates, September 30th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce the appointment of Robert MacDonald as the new Chief Legal & Compliance Officer. With a distinguished career spanning both the public sector and traditional finance, Robert brings a wealth of expertise in regulatory compliance and combating financial crime, reinforcing Bybit’s commitment to legal integrity, principled compliance, and robust governance. Robert’s leadership will be instrumental in paving a sustainable and responsible…
8 months ago