Latest news with #Bybit
Cision Canada
16 hours ago
- Business
- Cision Canada
Bybit Launches ETH Trading Competition With 100,000 USDT Prize Pool
DUBAI, UAE, July 29, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is marking the 10th anniversary of Ethereum with a limited-time ETH Trading Competition, offering a prize pool of 100,000 USDT. Ethereum, launched on July 30, 2015, is a decentralized blockchain platform that introduced the concept of smart contracts — self-executing agreements coded directly onto the blockchain. As the second-largest cryptocurrency by market capitalization, Ethereum has become a foundational infrastructure for decentralized applications (dApps), powering key innovations across DeFi (decentralized finance), NFTs (non-fungible tokens), and DAOs (decentralized autonomous organizations). Its flexible, open-source architecture has positioned it at the center of Web3 development over the past decade. "Ethereum has reshaped the digital world over the past decade," said Claudia Wang, Head of Marketing at Bybit."We're proud to celebrate this industry milestone with our community through an engaging and rewarding trading competition." The event will run through August 5, commemorating a decade since the blockchain platform first went live in 2015. Participants who trade ETH on Bybit's Spot or Derivatives markets during the event window will compete for leaderboard positions, with rewards distributed based on trading volume. The leaderboard extends to the 20,000th place, making it easy for a large number of users to get rewarded. A minimum trading volume of just 100 USDT is enough to be eligible for a chance to rank. The prize pool of 100, 000 USDT includes airdrops ranging from 1 USDT to 200 USDT. #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
Yahoo
2 days ago
- Business
- Yahoo
Robinhood's tokenised stocks are seen as ‘next major driver of onchain adoption'
Tokenised debt helped DeFi survive the 2021 to 2022 bear market, but a pivot to tokenised stocks could boost the $115 billion crypto sector's next growth phase. That's according to a Monday report by Wintermute, a crypto market maker, that said market conditions necessary to incentivise the pivot are already emerging. The report said central banks are likely to lower interest rates in the next 12 to 18 months, which could dampen bond yields and other debt instruments. And Robinhood is positioning itself to capitalise on the market shift as the fintech app debuted tokenised stock trading for its users in June. 'Robinhood's timing is significant,' Wintermute said. 'As the yield trade loses momentum, tokenised equities, less dependent on interest rate dynamics, could emerge as the next major driver of onchain adoption.' Tokenised equities don't rely on interest rate gymnastics, the way bonds do. Instead, they offer volatility, growth, community, appeal, and retail excitement. Retail excitement has been noticeably absent from DeFi since the height of its buzz in 2021. Making a splash But for now, tokenised stocks remain a tiny slice of DeFi's real-world asset, or RWA, pie. They account for only $424 million out of the $25 billion RWA market, which is mostly dominated by tokenised credit, Treasuries, and other low-velocity debt instruments. And while Robinhood has made a splash, competition is brewing. Crypto-native rivals like Kraken and Bybit are also ratcheting up their tokenised stock trading offerings, while Ondo Finance has sought regulatory approval to buy Oasis Pro, a regulated broker. Coinbase has also applied to the Securities and Exchange Commission for approval to offer tokenised stock trading. For Wall Street incumbents, tokenised stock trading could upend the status quo and push them to play second fiddle in their own arena, according to Galaxy Digital analysts. Last week, the crypto firm warned that fintech disruptors like Robinhood and crypto-native players like Coinbase and Kraken moving into tokenised equities could reduce titans like the New York Stock Exchange to 'mere custodians.' And traditional firms like JPMorgan, Wells Fargo, and Citigroup are already scrambling to adapt by launching stablecoin and tokenisation platforms. Still, Galaxy Digital analysts say the market edge will lie with participants that not only offer trading but also control the underlying blockchain infrastructure. Crypto market movers Bitcoin is up slightly by 0.1% over the past 24 hours and is trading at $108,832. Ethereum is also up slightly by 0.5% in the same period to $2,575. What we're reading A digital euro will be a poor and crippled substitute to stablecoins — DL News Jack Dorsey Tests Decentralized Messaging App Bitchat — Unchained 3 factors impacting crypto this week — Milk Road Vitalik's EIP-7983 Calls For 16.77M Gas Cap Per Transaction — Unchained Solana bot platform Axiom takes over AI coder Cursor with $150m revenue fuelled by airdrop hype — DL News Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
4 days ago
- Business
- Malaysian Reserve
Bybit & Block Scholes Report: Markets Surge Past $4 Trillion as Regulatory Wins Drive Record Highs
DUBAI, UAE, July 25, 2025 /PRNewswire/ — Bybit, the world's second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report with Block Scholes, diving into a momentous 'Crypto Week' in bullish territories. Crypto's total market cap exceeded $4 trillion for the first time, driven by a combination of legislative advancements in the US and investor enthusiasm from BTC to altcoins. Key Insights: Altcoins Regained Favor: Following BTC's initial surge, traders' growing risk appetite started to spill over to altcoins. With ETH and SOL breaking barrier levels in the decisive week, widespread gains across the altcoin space uplifted the total crypto market cap to a historic high. This altcoin rally contributed to BTC dominance falling below 60% as investors diversified across the digital asset spectrum. ETH Calls Over Puts: ETH options trading has become heavily skewed toward bullish positions, with call options dominating both volume and open interest metrics. The volatility term structure has compressed to a tight 64-65% range, while call skew peaked at 11%, reflecting strong directional conviction among institutional traders. ETH Funding Rates Are Remarkably Strong: ETH spot price had more than doubled since its $1,500 level in April, bolstered by consistent positive inflows to ETH Spot ETFs and rising corporate interest in building ETH treasuries. ETH funding rates follow the broader positive trend of the market. For detailed insights, readers may download the full report. #Bybit / #TheCryptoArk / #BybitLearn 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 For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@ updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Photo – Logo – View original content:
Globe and Mail
4 days ago
- Business
- Globe and Mail
Bybit and Tether Launch Strategic Partnership to Accelerate Crypto Adoption in Brazil
DUBAI , UAE , /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced a strategic partnership with Tether, the leading company in the digital asset industry and issuer of USD₮, the most widely used stablecoin . The collaboration aims to boost cryptocurrency adoption across Brazil through institutional partnerships, major event sponsorships, and expansive educational initiatives. A highlight of the partnership is the co-sponsorship of Blockchain Rio, one of Latin America's most influential blockchain conferences. During the event, new users who register on Bybit's platform will receive an exclusive USD₮ bonus. This incentive is designed to encourage first-time users to engage with the digital asset ecosystem. To extend the partnership's reach into real-world applications, Bybit and Tether are in advanced discussions with Visit Rio. The goal is to integrate cryptocurrency into the city's tourism sector by offering discounts and USD₮ bonuses to tourists who use digital assets for services, tours, and purchases from local businesses. This initiative is intended to position Rio as a forward-thinking, crypto -friendly destination. As part of its long-term strategy, Bybit will roll out a national educational program to increase crypto literacy and drive responsible adoption. The initiative includes a series of "Learn to Earn" campaigns that reward users for completing blockchain-focused courses. These will be complemented by in-person events such as workshops, university meetups, and seminars, engaging directly with students, developers, and entrepreneurs. Earlier this year, Bybit appointed Israel Buzaym as its Country Manager for Brazil . Since then, the company has significantly expanded its local presence and launched tailored offerings such as Bybit Pay and the Bybit Card. These products are helping to bridge the gap between traditional finance and the world of digital assets. "I'm honored to lead Bybit's efforts in Brazil at such a transformative time," said Israel Buzaym. "Brazilians have a long history of embracing innovation. We're already seeing strong momentum in the adoption of our services. This partnership with Tether adds the trust, liquidity, and strategic focus needed to make crypto a natural part of everyday life for millions." With a market capitalization exceeding $114 billion , Tether plays a central role in the global digital economy. This partnership with Bybit reflects a shared commitment to financial innovation, education, and the creation of practical use cases for cryptocurrency in one of the world's most promising emerging markets. #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 About Tether Tether is a pioneer in the field of stablecoin technology, driven by an aim to revolutionise the global financial landscape. With a mission to provide accessible, secure, and efficient financial, communication, and energy infrastructure. Tether enables greater financial inclusion, communication resilience, fosters economic growth, and empowers individuals and businesses alike. As the creator of the largest, most transparent, and liquid stablecoin in the industry, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralised finance.
Cision Canada
4 days ago
- Business
- Cision Canada
Bybit and Tether Launch Strategic Partnership to Accelerate Crypto Adoption in Brazil
DUBAI, UAE, July 25, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced a strategic partnership with Tether, the leading company in the digital asset industry and issuer of USD₮, the most widely used stablecoin. The collaboration aims to boost cryptocurrency adoption across Brazil through institutional partnerships, major event sponsorships, and expansive educational initiatives. A highlight of the partnership is the co-sponsorship of Blockchain Rio, one of Latin America's most influential blockchain conferences. During the event, new users who register on Bybit's platform will receive an exclusive USD₮ bonus. This incentive is designed to encourage first-time users to engage with the digital asset ecosystem. To extend the partnership's reach into real-world applications, Bybit and Tether are in advanced discussions with Visit Rio. The goal is to integrate cryptocurrency into the city's tourism sector by offering discounts and USD₮ bonuses to tourists who use digital assets for services, tours, and purchases from local businesses. This initiative is intended to position Rio as a forward-thinking, crypto-friendly destination. As part of its long-term strategy, Bybit will roll out a national educational program to increase crypto literacy and drive responsible adoption. The initiative includes a series of "Learn to Earn" campaigns that reward users for completing blockchain-focused courses. These will be complemented by in-person events such as workshops, university meetups, and seminars, engaging directly with students, developers, and entrepreneurs. Earlier this year, Bybit appointed Israel Buzaym as its Country Manager for Brazil. Since then, the company has significantly expanded its local presence and launched tailored offerings such as Bybit Pay and the Bybit Card. These products are helping to bridge the gap between traditional finance and the world of digital assets. "I'm honored to lead Bybit's efforts in Brazil at such a transformative time," said Israel Buzaym."Brazilians have a long history of embracing innovation. We're already seeing strong momentum in the adoption of our services. This partnership with Tether adds the trust, liquidity, and strategic focus needed to make crypto a natural part of everyday life for millions." With a market capitalization exceeding $114 billion, Tether plays a central role in the global digital economy. This partnership with Bybit reflects a shared commitment to financial innovation, education, and the creation of practical use cases for cryptocurrency in one of the world's most promising emerging markets. #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 About Tether Tether is a pioneer in the field of stablecoin technology, driven by an aim to revolutionise the global financial landscape. With a mission to provide accessible, secure, and efficient financial, communication, and energy infrastructure. Tether enables greater financial inclusion, communication resilience, fosters economic growth, and empowers individuals and businesses alike. As the creator of the largest, most transparent, and liquid stablecoin in the industry, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralised finance.
