Blockchain Press Releases
Bybit Surges to 50 Million Users in 40 Days, Leading Web3 and Global Compliance
DUBAI, UAE, Sept. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest crypto exchange by trading volume, is delighted to announce a major milestone as its registered user base surpasses 50 million worldwide. This extraordinary achievement underscores Bybit’s rapid growth and solidifies its position as a preferred platform for millions of crypto enthusiasts and traders globally.
Strengthening Global Compliance
Bybit has made significant strides in strengthening its global compliance efforts. The platform has actively engaged with local authorities in key markets such as Dubai, Netherlands, Turkey, and Kazakhstan, fostering collaborative relationships and ensuring adherence to regulatory standards. These initiatives underscore Bybit’s commitment to operating in a transparent and responsible manner.
Leading the Web3 Revolution
Bybit’s commitment to driving Web3 adoption remains unwavering. The platform’s Web3 team has achieved a remarkable feat, expanding its integration to over 130 million wallet addresses across 30+ chains. This expansion demonstrates Bybit’s dedication to providing users with access to a diverse range of decentralized ecosystems and opportunities. In the upcoming World Series of Trading (WSOT), Bybit’s DEX Wave will feature over 100 partners, including prominent names like Yescoin, Bonk, Catizen, Navi Protocol, Blackcardcoin, and Character X. Traders will have the unique opportunity to explore more than 1 million decentralized tokens, ranging from DeFi projects and GameFi assets to memecoins
Engaging Livestream Events
Bybit has also continued to foster community engagement through its popular livestream events. These interactive sessions offer users valuable insights into trading strategies, market trends, and the evolving crypto landscape. By providing educational content and fostering a sense of community, Bybit has enhanced user experience and driven growth.
Ben Zhou, Co-founder and CEO of Bybit, stated, “Reaching 50 million users represents the trust and enthusiasm of our community. We are grateful for the overwhelming support we have received and remain committed to delivering innovative solutions that enhance our users’ trading experiences. Our Web3 team’s achievements and our ongoing commitment to global compliance demonstrate our dedication to fostering a secure and reliable trading environment.”
Key Highlights:
- 50 Million Users: Bybit has achieved a significant milestone with over 50 million registered users.
- Web3 Leadership: Bybit’s Web3 team has integrated with over 130 million wallet addresses across 30+ chains.
- WSOT 2024: The platform will host the DEX Pro competition, featuring over 100 partners and 1 million+ decentralized tokens.
- Global Compliance: Bybit has strengthened its compliance efforts in a wide array of markets, including Dubai, Netherlands, Turkey, and Kazakhstan.
- Engaging Livestreams: Popular livestream events provide valuable insights and foster community engagement.
- Bybit remains steadfast in its mission to provide a secure, reliable, and user-friendly trading environment while continuously innovating to meet the needs of its vibrant community.
#Bybit /#BybitWeb3 / #Bybit50M
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 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
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-surges-to-50-million-users-in-40-days-leading-web3-and-global-compliance-302259397.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
Photo – https://mma.prnewswire.com/media/2610298/Sources_Bybit_Block_Scholes.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
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.
Logo: https://mma.prnewswire.com/media/2610017/BlackDuck_Logo.jpg
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.
-
Blockchain4 days ago
Blocks & Headlines: Today in Blockchain – January 27, 2025 (Metropolitan Museum of Art, Binance Academy, Amazon Web Services, Gate Ventures, Morph VC Collective, NASA)
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain – January 28, 2025 (EVIANCX, Abstract, Venice, KPMG, Hashgraph Group)
-
Blockchain2 days ago
Micro, Small and Medium Enterprise (MSME) Financing Global Strategic Business Report 2025: Shift Towards Sustainable and Green Financing Solutions Expands Market Potential – Global Forecasts to 2030
-
Blockchain4 days ago
Dizzaract Studio Founder Predicts AI Supercycle by 2025; VanECK estimates one million New AI Agents by end of the year
-
Blockchain4 days ago
DYOR Partners with Ava Labs, Announces Major Developments With Matt Dyor Joining as Advisor Plus Acquisition of DYOR.com
-
Blockchain Press Releases1 day ago
WEEX Completes First-Ever Burn $120 Million Worth of WXT, Reducing Supply by 40% — Could WXT Be the Next 100x Gem?
-
Blockchain4 days ago
Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation
-
Blockchain Press Releases4 days ago
bbSOL Unveils its Largest Airdrop on Bybit Web3