Latest news with #Bybit
Cision Canada
15 hours ago
- Business
- Cision Canada
Bybit x Block Scholes Quarterly Institution Report on ETH and Altcoin: Making Sense of the ETH Rally
DUBAI, UAE, May 28, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume released the latest institution report in collaboration with Blocks Scholes, in which the quarterly report offers a longer view of ETH's performance and potential impact on altcoins. Analysts revisited historical patterns of ETH's trajectory and BTC's time-tested dominance, comparing how the cycles moved altcoin markets. With the focal point on ETH, the report assessed the catalysts of its recent surge since May 7, 2025. Key Insights: The Verdict on Altcoin Season hasn't been reached despite ETH's outperformance, for the simple reason that the ETH hype had not quite reached historical level in terms of market cap dominance for the trickle down effect to happen. Sitting at just over half of its 2021 high, ETH only occupied 9% of the market. The report noted that three out of the top 10 L-1 blockchains — HYPE, SUI, and SOL — outperformed ETH by market cap at one point or another since Trump's 'Liberation Day' on April 2. The Pectra Upgrade appeared to have provided a boost to ETH's price performance. But a closer look at options data "complicates the narrative": the rise in implied volatility for ETH options suggested macro factors were the true drivers of sentiment shifts. In fact, the ETH rally on May 8 mirrored broader circumstances upon the announcement of the US-UK trade deal, propelling equities and BTC to climb simultaneously. The observation is consistent with later developments of market recovery amid easing tariff tensions. Access the Full Report here. #Bybit / #TheCryptoArk /#BybitResearch About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
Cision Canada
2 days ago
- Business
- Cision Canada
Bybit Lists USDC on Aptos, Launches Super Event With Over 20,000 APT Up for Grabs
DUBAI, UAE, May 27, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, now supports native USDC on the Aptos blockchain for the first time. This milestone allows users to trade USDC and earn APT directly on the platform. "As one of the world's top 10 blockchains for stablecoins, the Aptos network provides the fast, secure, and scalable infrastructure needed to bring stablecoins into the mainstream and unlock their real-world utility. Collaborations with leading exchanges like Bybit to integrate USDC on Aptos are crucial to realizing that vision — driving broader access, enabling seamless global transactions, and powering the next generation of financial systems," said Ash Pampati, Head of Ecosystem at Aptos Foundation. "Bybit is proud to unite the world's top ecosystems — Aptos and USDC — into a single, seamless experience for our users. This integration not only strengthens the foundation of Web3, but also champions safe, regulated adoption of crypto at a global scale. Together, we're building the rails for a future where finance is open, inclusive, and seamless," said MK Chin, Head of Ecosystem Partnerships at Bybit. In recognition of this launch, Bybit has launched the Bybit x Aptos Super Event — a month-long celebration offering a total of over 20,000 APT in rewards through staking, trading, and exclusive bonuses for new users. The event runs until June 26, 2025, and gives participants multiple ways to earn APT, whether they're long-time crypto enthusiasts or just getting started. Three Reward Opportunities 1. On-Chain Earn Staking Event Participants who stake APT via Bybit's On-Chain Earn and maintain their position for at least 24 hours during the event period will be eligible for a share of 5,000 APT. 2. New User Exclusive – Token Splash Eligible new users who complete identity verification and meet the deposit and trading criteria will receive 5 APT. Rewards are distributed from a 5,000 APT prize pool and limited to the first 1,000 qualified participants. This activity ends on June 9, 2025. 3. Spot Trading – Token Splash Users who trade a minimum of US$300 worth of APT on Bybit Spot during the campaign period will receive a share of a 10,000 APT prize pool. Individual rewards are capped at 400 APT. Aptos (APT) is the native token of the Aptos blockchain, a scalable Layer 1 network built for secure and efficient decentralized applications. On Bybit On-Chain Earn, users can stake APT to receive daily rewards, enjoy flexible redemption, and contribute to the network's security. More information is available here. #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
New Straits Times
2 days ago
- New Straits Times
Italian man kidnapped in bizarre NY crypto plot
NEW YORK: A cryptocurrency investor has been charged with kidnapping an Italian man for weeks, threatening and torturing him with a gun and a chainsaw in a grisly bid to extort his Bitcoin password, court documents and US media said. In a plot like a bad Hollywood thriller, New York police told AFP on Sunday that they arrested 37-year-old John Woeltz, a Kentucky man, on Friday in the posh Manhattan flat he was renting. Woeltz was charged on Saturday with kidnapping, assault and criminal possession of a gun and pleaded not guilty, according to documents seen by AFP. A second person, 24-year-old Beatrice Folchi, is also being held. The police said the victim, a 28-year-old Italian whose name has not been released, managed to escape and ran up to a traffic agent with a horrific tale of having been held, bound and tortured for weeks before managing to escape from Woeltz's townhouse. The victim initially went to Woeltz's flat on May 6. The two are believed to have had some previous business connection. Upon arrival, Woeltz and an unidentified accomplice, who has yet to be named or caught, seized the Italian's passport and electronic devices and demanded the access codes for his Bitcoin accounts. When he refused, according to the reports, the two men tied him up, struck him with a gun, pointed it at his face, menaced him with a chainsaw and even took him to the fifth floor of the building, threatening to throw him over the edge if he did not relent. They also reportedly threatened to kill members of his family. Several details of the story remain murky, including exactly why the victim had agreed to come to the townhouse in an upscale SoHo neighbourhood, and whether he revealed anything of use to the kidnappers. More details are expected to come out at a court hearing scheduled for May 28. The grisly tale emerged as the Bitcoin cryptocurrency this week set a new record, at US$109,856. While cryptocurrencies like Bitcoin and Ethereum are said to be highly secure, they have faced numerous cyberattacks seeking to exploit weak spots in exchange platforms. In February, according to the FBI, North Korean hackers stole a historic US$1.5 billion from the Bybit platform.
Daily Maverick
3 days ago
- Business
- Daily Maverick
Bybit Emerges as South Africa's Leading Crypto Exchange Amid Bitcoin, Ethereum, and Solana Market Growth
As cryptocurrency adoption continues to surge across South Africa, Bybit has solidified its position as the preferred crypto exchange for both new and experienced traders. With competitive rates, a seamless peer-to-peer (P2P) platform, and unmatched customer service, Bybit is empowering South Africans to participate in the global digital economy like never before. The surge comes at a pivotal time. The bitcoin price has been riding a wave of volatility, drawing global and local attention. At the time of writing, the bitcoin price usd remains highly dynamic, trading close to a crucial resistance level. With 1 BTC to USD conversion rates fluctuating daily, South Africans have increasingly turned to reliable platforms like Bybit for real-time updates, secure trading, and strategic investment opportunities. Bitcoin and Ethereum Lead the Crypto Wave Bitcoin isn't the only star. Ethereum price movements have been equally exciting. As decentralized finance (DeFi) grows, ethereum price usd metrics have surged, making ETH a top pick for savvy investors. For those closely tracking the eth to usd and 1 eth to usd exchange rates, Bybit's powerful charting tools and market insights offer the precision needed to navigate the complex world of digital assets. 'The cryptocurrency space in South Africa is no longer just about Bitcoin,' says marketing analyst Thabo Nkosi. 'People are following the solana price, the xrp price, and even the cardano price more actively. And platforms like Bybit are making it easier to buy, sell, and trade these assets seamlessly.' Indeed, the solana price usd and sol to usd conversions are monitored closely by South African traders eager to diversify their portfolios. Meanwhile, xrp price usd, xrp to usd, cardano price usd, and ada to usd tracking have also become daily habits for many. Why Bybit is Winning South Africa's Crypto Market Several factors have propelled Bybit to the forefront: Best-in-Class Security: Users in South Africa trust Bybit's stringent security measures, including multi-signature wallets and industry-leading account protection. Lightning-Fast Transactions: Whether converting 1 BTC to USD, trading ETH to USD, or swapping ADA for USDT, transactions are executed swiftly. Localized Support: With dedicated customer service and community initiatives tailored to South Africa, Bybit ensures users feel heard and supported. Competitive Rates: Whether tracking bitcoin price usd or solana price usd, users find that Bybit's exchange rates remain highly competitive. Advanced Tools: From futures trading to spot market analysis, Bybit offers professional-grade tools with a user-friendly interface. Educational Content: Free webinars, workshops, and real-time market analyses help newcomers and professionals alike stay ahead. Spotlight on Bybit P2P: Revolutionizing How South Africans Trade One of Bybit's most celebrated features in South Africa is its Peer-to-Peer (P2P) platform. Bybit P2P allows users to buy and sell cryptocurrencies directly with each other, using local currencies like the South African Rand (ZAR) — safely and without hidden fees. The platform supports a wide range of payment options — including bank transfers, PayFast, and more — making it simple for South Africans to exchange their ZAR for Bitcoin, Ethereum, Solana, XRP, and Cardano. Bybit P2P boasts: Zero Transaction Fees: Trade crypto with no extra charges. 24/7 Customer Support: Get assistance whenever you need it. Escrow Protection: Funds are secured during transactions to ensure safety for both buyers and sellers. In a country where financial freedom is increasingly sought after, Bybit's P2P platform is giving South Africans real control over their money. Future Outlook: Bybit to Drive Greater Crypto Inclusion As the prices of major cryptocurrencies like Bitcoin, Ethereum, Solana, XRP, and Cardano continue to fluctuate, Bybit remains committed to empowering South Africans with the tools and opportunities to thrive. With government discussions underway around crypto regulation and innovation hubs like Cape Town and Johannesburg embracing blockchain technology, the demand for trustworthy, efficient crypto exchanges is set to soar — and Bybit is positioned to lead the way. Whether you're tracking today's 1 BTC to USD rate, planning your next investment based on the latest ethereum price usd charts, or trading Solana with confidence, Bybit remains the platform of choice for South Africa's growing crypto community. DM
Cision Canada
3 days ago
- Business
- Cision Canada
BTC Hit ATH as Options Skew Favors Calls by 7%: Bybit x Block Scholes Report
DUBAI, UAE, May 26, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, released a new weekly crypto derivatives analytics report in collaboration with Block Scholes on May 22, as the markets hit all-time highs (ATH) all around from BTC spot price to perpetual swaps open interest, while ETH's pace of growth moderated. Key Highlights: Risk-On Sentiment Dominated: Perpetual open interest across the board on Bybit has been on a steady rise and reached a new monthly high at over $11B, with trading volume also recording its May best at $26B. The market-wide trajectory was supported by BTC's $111k ATH, did not outperform ETH's meteoric rise the week before. ETH Growth Rebalanced: ETH's two-week outperformance streak has ended, now trailing BTC's renewed rally. Despite strong 69% monthly returns, ETH's weekly gains have slowed. Short-term volatility still trades at a premium, but options sentiment has become less bullish, with the gap between call and put activity narrowing to just $30M. For detailed insights, readers may download the full report. #Bybit / #TheCryptoArk /#BybitResearch About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
