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Blockchain Press Releases

Bybit Report: Crypto Market Rollercoaster – Did the Worst Sell-Off Already Happen?

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DUBAI, UAE, Aug. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with BlockScholes, is pleased to release its latest Crypto Derivatives Analytics Report – Option Volatility Shows Worst Time Might Be Over.

The report unveils a complex interplay of macroeconomic factors and market sentiment that shaped the recent crypto landscape. As the dust settles on a week of heightened volatility, triggered by the unexpected nonfarm payroll figures, the report offers crucial insights into the market’s behavior.

While the crypto market has historically mirrored broader economic trends, this latest downturn presents a nuanced picture. Unlike previous sell-offs characterized by forced liquidations and extreme volatility, the recent decline appears more contained.

Key Findings:

  • ETH Futures Hold Strong: Despite a surge in trading volume, ETH futures open interest remained remarkably stable, suggesting a more cautious approach from futures traders.
  • Perpetual Contracts Take the Hit: The sharp decline in open interest for both BTC and ETH perpetual contracts underscores the impact of leveraged long positions on the sell-off.
  • ETH Underperforms: ETH’s more pronounced price drop compared to BTC, even after the launch of ETH Spot ETFs, raises questions about the market’s perception of the ETF’s impact.
  • Options Market Optimism: The disparity between realized and implied volatility indicates that options traders are not anticipating a prolonged period of heightened volatility.

These findings suggest that while the crypto market remains susceptible to macroeconomic shocks, its resilience may be improving. However, as the report emphasizes, the situation is fluid, and investors should closely monitor market developments.

Download the Full Report here

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#Bybit / #TheCryptoArk / #BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 39 million users. Established in 2018, Bybit provides 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

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube 

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Blockchain Press Releases

TiltPlay Launches as a Gaming Platform on the Soneium Ecosystem

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“The Game is On”

TAIPEI, Jan. 23, 2025 /PRNewswire/ — TiltPlay, a gaming platform offering fast-paced and engaging casual games, is proud to announce its official launch on the Soneium ecosystem. This launch positions TiltPlay as dynamic, skill-focused gaming experience to the Web3 space.

TiltPlay combines accessible gameplay with innovative technology to deliver a seamless experience across platforms, including Telegram mini-apps and web browsers. The platform’s unique approach introduces:

  • Exciting Game Variety: A growing library of casual games designed to challenge and entertain.
  • Skill-Based Progression: Players are rewarded for their mastery and expertise, ensuring a fair and fun competitive environment.
  • Web3 Integration: Built on Soneium, providing a decentralized and secure gaming experience.

“With TiltPlay, we’re redefining mini-games by putting fun and skill at the forefront,” said Jeffrey Huang, Product Director at TiltPlay. “Our collaboration with the Soneium ecosystem allows us to deliver a platform that’s accessible, enjoyable, and innovative for all players.”

TiltPlay is now live, inviting gamers worldwide to dive into its features, test their skills, and connect with a vibrant community.

For more information about TiltPlay, visit TiltPlay.gg.

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Blockchain Press Releases

Purchasers of Quantstamp QSP Tokens May Be Eligible for Payment from the Quantstamp Fair Fund

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COSTA MESA, Calif., Jan. 22, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., the SEC-appointed Fund Administrator.

UNITED STATES OF AMERICA
Before the 
SECURITIES AND EXCHANGE COMMISSION

In the Matter of Quantstamp, Inc.
Administrative Proceeding File No. 3-21535

This Notice is Pursuant to a Distribution Plan approved by the United States Securities and
Exchange Commission in the captioned matter.

If you purchased or acquired Quantstamp QSP tokens from October 1, 2017, through July 20, 2023, inclusive, you may be eligible for a distribution from the Fair Fund created in the Securities and Exchange Commission (“SEC”) administrative proceeding captioned above (the “Fair Fund”).

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The Fair Fund is being distributed pursuant to a Distribution Plan (the “Plan”) approved by the SEC. The Plan provides for the distribution of the Fair Fund to compensate investors based on their losses, due to the misconduct of Quantstamp, Inc. described in the SEC’s administrative proceeding, on the purchase of QSP tokens from October 1, 2017 through July 20, 2023. You can view and download a copy of the SEC’s order and the Plan on the Important Documents tab on the website for this matter:  www.QuantstampFairFund.com/documents.  

To be considered for eligibility for a Distribution Payment from the Fair Fund, you must timely submit a completed Claim Form online or via mail.  Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time (“EST”) on April 10, 2025. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, received) by April 10, 2025.

You may complete the Claim Form online here: www.QuantstampFairFund.com/form/claim. Alternatively, you may download a paper copy from of the Claim Form on the Important Documents page www.QuantstampFairFund.com/documents, or request a copy of the paper Claim Form from the Fund Administrator via email at [email protected] or by calling 833-215-6101, for submission by mail to the address set forth on the Claim Form.

ADDITIONAL INFORMATION

Additional information regarding the Fair Fund, including copies of the Plan, the Plan Notice, the Claim Form, and other relevant documents may be found at www.QuantstampFairFund.com. You may request copies or seek additional information by contacting the Fund Administrator.

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Email:               

[email protected]

Call:                 

833-215-6101

Write:               

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Quantstamp Fair Fund

Fund Administrator

P.O. Box 25381

Santa Ana, CA 92799

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Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users

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Humanity Protocol, a $1 billion decentralized, privacy-first digital identity blockchain project, is excited to announce its collaboration with OKX Wallet, which will serve as an identity validator for its testnet ecosystem. This collaboration introduces a seamless way for users to engage with decentralized identity while offering unique rewards for OKX Wallet participants.
Testnet users signing up with OKX Wallet will receive a 10% bonus in their airdrop allocation during the token launch. By connecting their OKX Wallet during the Humanity Protocol testnet registration process, participants will be issued a verifiable credential that confirms wallet ownership. This credential ensures fair distribution and protects user privacy, creating a seamless and secure onboarding experience.
Verifiable credentials form the foundation of Humanity Protocol’s decentralized identity system. These credentials validate wallets as unique OKX Wallet users, safeguarding the ecosystem from fraud, such as duplicate registrations and Sybil attacks. While operating behind the scenes, they play a critical role in maintaining transparency and fairness while enabling privacy-first participation in the network.
“We are thrilled to collaborate with OKX Wallet for our testnet,” said Terence Kwok, Founder of Humanity Protocol. “This collaboration strengthens our mission to create a secure, decentralized identity network. By combining Humanity Protocol’s privacy-preserving solutions with OKX Wallet’s trusted infrastructure, we’re not only simplifying user participation but also fostering trust and fairness across the ecosystem. Together, we aim to set a new standard for privacy and transparency in the blockchain space.”
OKX Wallet, known for its user-friendly design and robust security, plays a critical role in this collaboration by enabling secure wallet verification and streamlining user participation.
Humanity Protocol is dedicated to building a decentralized future rooted in privacy and security. By integrating OKX Wallet as an identity validator, the protocol ensures a trustworthy network that benefits both participants and the broader blockchain community.

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