Blockchain Press Releases
Bybit Integrates Fireblocks Off Exchange to Mitigate Counterparty Risk for Institutional Trades
DUBAI, UAE, June 18, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, today announced that it is leveraging Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, and integrating its Off Exchange solution to mitigate counterparty risk for institutional trades.
Off Exchange is an innovative solution which empowers institutional traders to trade on centralized exchanges from an on-chain multiparty computation (MPC) shared wallet, mitigating exchange counterparty risk. In the last 90 days, the Fireblocks Network, upon which Off Exchange was deployed, facilitated over $200 billion in transactions between institutional traders and over 30 connected exchanges.
Off Exchange leverages MPC technology to enable traders to allocate and mirror assets directly to an exchange from a wallet they mutually control, protecting their principal from counterparty risk, such as hacks, bankruptcy and fraud, while providing centralized exchanges with complete on-chain transparency that client accounts are fully collateralized. By utilizing Off Exchange, Bybit is taking a proactive step towards bolstering security protocols and meeting the evolving needs of institutional traders.
Key benefits of Fireblocks Off Exchange for institutional clients, include:
- Enhanced asset protection and security: The comprehensive MPC wallets utilized by Fireblocks Off Exchange programmatically lock and mirror assets to the connected exchange. By locking funds in the collateral vault accounts (CVAs), traders reduce the risk of unauthorized access or loss of assets, providing an additional layer of protection.
- Real-time settlement and transparency: The blockchain-native Fireblocks Off Exchange system enables real-time and on-chain settlement. This means that transactions and asset movements are recorded on the blockchain, providing transparency and traceability for both Bybit and institutional clients, without taking custody of client assets.
- Flexibility and control: Institutional traders can withdraw assets to other venues or wallets once the CVA is rebalanced, giving them more control and the option to choose the most suitable storage or trading options.
- Increased liquidity and efficiency: The system enhances liquidity by optimizing capital allocation and facilitating faster and more efficient trading activities. This benefits both the clients and the exchange by enabling them to make better use of their resources and participate in a more liquid market environment.
Eugene Cheung, Head of Institutions at Bybit, said: “At Bybit, we are committed to fostering trust in the crypto industry and enhancing the security of institutional trades. The integration of Fireblocks Off Exchange offers enhanced on-chain transparency and a reliable trading environment, reinforcing trust and confidence for our customers. By leveraging Fireblocks, we underscore our unwavering commitment to institutional asset safety, which has always been a top priority for us. “
Richard Astle, VP Business Development, Fireblocks Network, added: “Fireblocks has always taken an innovative, technology-first approach to solving some of the most pressing challenges in the digital assets industry. By using the Fireblocks Network, an institutional-grade digital asset transfer platform for rapid digital asset transactions and dynamic payment workflows, businesses gain direct connectivity to over 1,800 liquidity partners, trading venues, and counterparties and can streamline their trading operations with Network applications such as Off Exchange.”
“We work with different partners to ensure client security and operational efficiency,” added Cheung. “Along with the newly launched Asset Management Account, Bybit provides a best-in-class trading experience for our institutional clients.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is one of the world’s top three cryptocurrency exchanges by volume with 30 million users. Established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-integrates-fireblocks-off-exchange-to-mitigate-counterparty-risk-for-institutional-trades-302174064.html
Blockchain Press Releases
Options Market Recovers From Monday’s Sell-Off: Bybit and Block Scholes Analysis
DUBAI, UAE, Jan. 31, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released the latest crypto derivatives report, published weekly with Blocks Scholes.
This week’s report highlights a significant risk-off event early in the week, as DeepSeek’s LLM announcement coincided with sharp declines across major indices and crypto markets. Despite this volatility, open interest in perpetual swaps remained stable, with funding rates momentarily turning negative before recovering. The options market also saw increased trading activity during the sell-off, even as forward-looking volatility expectations declined.
Key Insights:
- BTC Open Interest Shows Minimal Movement – Despite the highest single-day trading volumes in BTC call options this month – reaching nearly $250 million during the spot price decline – volatility has continued to decline in both realized and implied terms. Short-tenor options are exhibiting lower volatility with a neutral skew, while longer-dated volatility smiles maintain a bullish bias towards out-of-the-money (OTM) calls, continuing a trend seen since the election.
- ETH Options Maintain Bullish Momentum – Trading volume for ETH options has surged to its highest levels in a month, with open interest remaining heavily weighted toward calls. While the global market sell-off briefly impacted short-tenor ETH volatility smiles, ETH options have continued to trade at higher volatility levels relative to BTC. Despite ETH’s spot recovery lagging behind BTC’s, its options market remains strong.
- Solana Options See Solid Open Interest – Following a price rally spurred by the launch of two presidential meme coins, Solana (SOL) has retraced alongside the broader crypto market. However, open interest in puts and calls remains elevated, with trading activity surpassing pre-rally levels. Stable levels of newly opened put options suggest strategic protective buying to hedge profitable long positions in other instruments.
The Bybit x Block Scholes Crypto Derivatives Analytics Report continues to provide actionable insights for traders and investors, offering a detailed breakdown of market trends and trading dynamics.
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 60 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 Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/options-market-recovers-from-mondays-sell-off-bybit-and-block-scholes-analysis-302365301.html
Blockchain Press Releases
BlackDuckRWA Takes Flight with Token Launch – Bridging Traditional Finance and Web3
DUBAI, UAE, Jan. 31, 2025 /PRNewswire/ — BlackDuckRWA proudly announces the successful launch of its BD crypto token, a groundbreaking digital asset designed to seamlessly integrate traditional finance with the rapidly evolving Web3 ecosystem. Established in 2019, the company’s pioneering model empowers investors to qualify for rewards generated from trading within the $7.5 trillion foreign exchange (Forex) market, offering unparalleled access to structured financial products on-chain.
Following a fair launch on the Solana network on January 24, BD exceeded expectations, attracting 2,000 wallet holders in just five minutes and reaching a £3 million market cap within days. With a robust six-month roadmap and a strong emphasis on regulatory compliance, BlackDuckRWA is now preparing for major exchange listings in the coming months to expand its global reach.
Revolutionizing DeFi with Forex Rebates and Staking Rewards
BlackDuckRWA is transforming decentralized finance by introducing on-chain Forex structured products, providing investors with diverse risk-adjusted opportunities. Backed by an executive team with experience at Goldman Sachs and JP Morgan, the company reported an average return of 36% per month in altcoin trading in 2024, reinforcing its track record in high-performance investment strategies.
With the launch of BD, BlackDuckRWA’s innovative model extends benefits to token holders through Forex rebates, which are earned from high-frequency trading activity. Investors can lock their BD tokens into the staking platform to qualify for reward distributions based on their holdings and staking duration. This initiative is scheduled to go live in month three of the six-month roadmap.
By linking the BD token’s value to Forex trading volume and rebates, BlackDuckRWA ensures a sustainable incentive for ownership and participation. Additionally, the platform will foster an engaged community, empowering members to propose new features and participate in exclusive NFT drops that reward early adopters and active contributors.
Official Statement from BlackDuckRWA:
“BlackDuckRWA is dedicated to bridging traditional finance and Web3 by offering investors innovative, yield-generating opportunities in a fully compliant and scalable ecosystem. Our mission is to create a more inclusive and accessible financial system, ensuring broader participation in the evolving digital economy.
“With the increasing adoption of blockchain technology, the demand for cutting-edge financial solutions is at an all-time high. Our BD token staking platform and Forex rebate model will provide tangible value to holders, and we look forward to expanding our ecosystem through upcoming exchange listings and community-driven developments.”
For more information, visit www.blackduckrwa.com or join the discussion on X at @blackduckrwa.
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Media contact:
BlackDuckRWA Communications Team
Email: [email protected]
Website: www.blackduckrwa.com
View original content:https://www.prnewswire.co.uk/news-releases/blackduckrwa-takes-flight-with-token-launch–bridging-traditional-finance-and-web3-302365260.html
Blockchain
Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3)
Introduction
The blockchain and cryptocurrency industry continues to evolve, with major advancements in institutional adoption, regulatory modernization, and innovative applications. Today’s roundup covers Dogecoin’s new blockchain strategy, the U.S. Army’s use of blockchain for tracking aid, notable blockchain startups, domain challenges for Web3 companies, the first AI blockchain agent, and Luxembourg’s legal updates for custody chains. Let’s break down the biggest headlines shaping the future of blockchain technology and decentralized finance.
Dogecoin Unveils Strategic Blockchain Movement
Expanding Beyond a Meme Coin
Dogecoin, often viewed as a lighthearted cryptocurrency, is making serious strides toward blockchain utility with a new strategic initiative aimed at expanding its use case beyond simple transactions. The Dogecoin Foundation has announced plans to integrate layer-2 solutions, smart contracts, and interoperability features, potentially positioning DOGE as a serious competitor in the decentralized finance (DeFi) space.
This move signals a shift in the perception of Dogecoin, which has long relied on community-driven momentum. With the new strategy, DOGE could become an integral part of the growing Web3 ecosystem.
Source: Crypto Briefing
U.S. Army Utilizes Blockchain for Aid Tracking in Ukraine
Military Adopts Emerging Tech for Transparency
The U.S. Army is leveraging blockchain, big data, and generative AI to track billions of dollars in aid sent to Ukraine. This marks a significant step in blockchain’s adoption by governments and defense agencies to enhance transparency and prevent fraud.
By using blockchain for immutable record-keeping, military officials aim to improve logistics tracking, reduce inefficiencies, and ensure secure auditing of aid distribution. This could set a precedent for future government adoption of blockchain-based verification systems.
Source: Breaking Defense
10 Blockchain Startups to Watch in 2025
Innovation Driving the Next Wave of Web3
A new report highlights ten emerging blockchain startups poised to disrupt industries from finance to supply chain management. These companies are working on scalable smart contracts, decentralized identity solutions, and improved cross-chain interoperability.
Among the standout names are startups focusing on privacy-preserving transactions, institutional DeFi tools, and real-world asset tokenization, reinforcing blockchain’s growing role in mainstream finance and enterprise adoption.
Source: Yahoo Finance
Web3 Companies Struggle with Domain Name Challenges
Decentralization vs. Traditional Domain Ownership
As blockchain companies push forward with Web3 adoption, many are encountering significant hurdles in securing relevant domain names. Unlike traditional domains governed by ICANN, blockchain-native domains such as .crypto and .eth exist outside standard regulatory frameworks, leading to disputes and accessibility issues.
Industry experts are calling for greater collaboration between blockchain projects and domain registrars to ensure seamless Web3 adoption while maintaining online accessibility for users.
Source: Domain Name Wire
Klaus Agent Becomes the First Blockchain AI to Use Custom DeepSeek Model
AI and Blockchain Converge
The Klaus Agent, an AI-powered blockchain agent, has integrated the DeepSeek AI model to enhance decision-making, smart contract automation, and decentralized application (dApp) intelligence. This innovation represents a major step in merging artificial intelligence with blockchain networks, allowing for more sophisticated automation in DeFi, NFT trading, and DAO governance.
As AI and blockchain continue to converge, the potential for autonomous smart contract execution and predictive analytics is expected to grow, leading to more efficient decentralized systems.
Source: GlobeNewswire
Luxembourg Modernizes Custody Chain Laws for Blockchain
A Legal Framework for Tokenized Assets
Luxembourg, a key financial hub in Europe, has updated its custody chain regulations to accommodate blockchain-based assets. These changes are designed to facilitate institutional adoption of tokenized securities and digital asset custody solutions.
By providing a clear regulatory framework, Luxembourg aims to attract fintech firms, investment funds, and digital asset custodians, further strengthening its position as a leader in blockchain finance.
Source: National Law Review
Conclusion
The latest blockchain developments underscore the rapid evolution of the industry, from Dogecoin’s strategic shift to military adoption of blockchain for transparency. As AI and blockchain begin to merge, and governments refine regulations, we are witnessing a pivotal moment in decentralized technology.
With institutional interest growing and regulatory frameworks taking shape, blockchain and Web3 technologies are moving closer to mainstream acceptance. Stay tuned for the next Blocks & Headlines briefing as we continue to track the most significant trends shaping the future of decentralized finance and digital assets.
The post Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3) appeared first on News, Events, Advertising Options.
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