The Solana network is experiencing an increased influx of users and a “break-through moment,” thanks to the introduction of liquid staking on the blockchain. A new report by the leading cryptocurrency exchange, Bybit, stated that Solana’s liquid staking model, especially the exchange-launched liquid-staked SOL, would mobilize masses and accelerate the onboarding of retail users in the ecosystem. The State of Liquid Staking on Solana As a proof-of-stake network, staking is...
Read More »Bybit Web3 Launches Babylon Season to Boost Bitcoin Ecosystem Rewards and Liquidity
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Read More »Crypto Exchange Bybit to List DOGS Meme Coin on August 26
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Read More »Crypto Trading Volume Up 19% in July After Four-Month Decline: CCData
In July, global crypto trading volume on centralized exchanges surged by 19%, reaching $4.94 trillion. This marks the first increase in trading volumes in four months, as reported by CCData. Crypto Trading Volume Surge CCData noted that the increase in trading volume is due to the launch of spot Ethereum exchange-traded funds in the U.S. and the positive sentiment from local political figures at the Bitcoin conference in Nashville, Texas. The report highlights significant...
Read More »Turkey Sees Record 47 Crypto Firms Apply for Licenses amid New Regulations
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Read More »Bybit Unveils BTC-ETH Dual Asset Product for Crypto Trading
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Read More »Bybit Hits $100 Billion in Daily Trading Volume
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Read More »Hamster Kombat Postpones HMSTR Token Airdrop amid Expansion of Telegram Game’s Pre-Market Trading
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Read More »Crypto Trading Volume Declined for Third Consecutive Month in June: CCData
Trading volume on centralized exchanges declined 21.8% in June, marking the third consecutive month of diminishing activity since March. According to a report by CCData released on July 17, the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded in March. Open Interest and CME Declines The report highlighted several key factors contributing to this decline. One major factor was a notable...
Read More »Bybit Bitcoin and USDT Holdings Surge According to 12th Proof of Reserves Report
Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month. The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%. Bybit’s 12th PoR The report shows that Bybit’s wallets held 48,298 BTC against a user balance of 44,872 BTC as of July 10th. The exchange’s wallets also contain 438,107 ETH and...
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