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Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has introduced a new VIP market research perk, according to the latest reports shared with Finbold on Wednesday, April 9.  Starting today, Bybit VIP users will have access to daily industry reports delivered in partnership with SoSoValue, a leading investment research platform powered by artificial intelligence (AI). SoSoValue market analytics on Bybit SoSoValue’s AI solutions offer real-time market analytics, portfolio management tools, and automated investment strategies. Thanks to the new collaboration, Bybit VIP users will receive the Bybit Industry Report, a joint Analysis combining SoSoValue’s market insights with exclusive Bybit news.  The report offers a comprehensive overview of not just crypto but key market dynamics, comprising six parts focusing on a specific aspect of the market. The Crypto Breaking News section, for example, highlights crucial updates and An...

One of the wallets behind the $33 million “rugging” of ZKasino has lost over $27 million while leverage trading on Hyperliquid, despite investors still waiting to be paid back. According to X user @SigmaSquared, the wallet placed a 20x leverage trade on the price of ether (ETH) that would liquidate if it fell to $1,745. On Sunday, it duly did.  The wallet was involved in the likely rug pull of ZKasino back in April 2024. ZKasino is a decentralized gambling platform that convinced investors to invest their ETH into its “bridge-to-earn” program.  Update: Zkcasino rugger got liquidated on his ETH position and lost 27M$ on hyperliquid perps If you're a creditor i am sorry for you https://t.co/oluOSflgI0 pic.twitter.com/yzuvMlphzo — sigma^2 (@SigmaSquared_) April 7, 2025 Read more: ZKasino $30M ‘favor’ to users — seamless transition or rug pull? These investors were then unexpectedly told that these funds would be converted into its token ZKAS and...

Top US-based crypto exchange Coinbase is teasing its new wrapped version of Bitcoin (BTC) to Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB). In a new announcement on the social media platform X, Coinbase Assets tells its audience that Coinbase Wrapped Bitcoin (cbBTC) is “coming soon” to the smart contract platform Arbitrum. Earlier this month, Coinbase announced the launch of cbBTC, a token that would allow holders of the crypto king to access decentralized finance (DeFi) protocols over the Ethereum and Base blockchains. At the time, Coinbase said cbBTC would be compatible with several prominent DeFi platforms, including Aave (AAVE), Curve FInance (CRV), Compound Finance (COMP), Moonwell (WELL), and Maple Finance (MPL). In an accompanying blog post, Coinbase explained how cbBTC would streamline the DeFi experience of BTC holders. “cbBTC removes a key point of friction by allowing customers to use Bitcoin they already hold in new ways on...

Some crypto exchanges are failing to offer customer service that's fit for 2022. This trading platform explains how it's doing things differently. It's a challenging time out there — but the co-founders of BoneX are filled with optimism for the future of cryptocurrencies, describing them as one of mankind's greatest inventions. Here, they tell us why the levels of customer support offered by the industry simply aren't good enough — and reveal what it'll take for even more big brands and institutions to start embracing crypto. 1. Hello, gents! Tell us about yourselves. Hello, we are David Bonev and Vasil Alyoshin. We're enthusiasts who have been actively digging into the world of crypto since 2013. Back then, Vasil focused on crypto mining and his venture grew to an industrial level, while David — who had experience in traditional banking and finance  — caught the early wave of blockchain technologies. We've been searching for innovations and opportuniti...

The cryptocurrency exchange also announced the addition of 22 cryptocurrencies as loanable assets and collateral assets on its Flexible Loan and VIP Loan services. Crypto exchange Binance on Friday, August 4, said it is adding 22 new loanable assets and new collateral assets to its Flexible Loan and VIP Loan service. In its official statement, the crypto exchange disclosed several new collateral asset s, among them Shiba Inu (SHIB), Compound (COMP) and Theta Network (THETA). This development has also fueled speculation about the potential listing of BONE token on Binance, coinciding with the upcoming launch of the Layer-2 blockchain, Shibarium, anticipated to take place in August. The cryptocurrency exchange concurrently announced the addition of 22 cryptocurrencies as loanable asset s and collateral asset s on its Flexible Loan and VIP Loan services. Screenshot of Binance's new collateral assets announcement.  Source: Binance Binance has now expanded its Flexible Loan service b...

Bitcoin continues to face strong resistance at $31,000 but supportive macroeconomic factors could tilt the advantage in favor of the bulls. Bitcoin (BTC) bulls are again having a go at the overhead resistance of $31,000. The bullish sentiment may get a boost from the United States inflation report, which showed signs of slowing down. Economists were expecting the year-on-year consumer price index to rise 3.1% but the June print came in at 3%. The month-on-month increase of 0.2% was also less than forecast. This suggests that the Federal Reserve’s rate hikes are having the desired effect. That may limit future rate hikes by the Fed. Supported by macroeconomic conditions, institutional investors seem to be turning positive on cryptocurrencies, especially Bitcoin. CoinShares report published on July 10 showed inflows of $136 million into digital investment products in the past week. That brings the total inflows of three consecutive weeks to $470 million, indicating a positive outlook. D...

The new “credit currency” will allow users to rely on cryptocurrencies as collateral without needing to obtain loans from other institutions. Crypto futures exchange OPNX has launched a credit currency for margin trading , according to a July 5 statement made to Cointelegraph from the exchange’s co-founder, Mark Lamb. Called “oUSD,” the currency is available in its “phase 1” iteration, meaning that users cannot receive it without depositing crypto assets into the exchange.  In a future “phase 2” version, the platform intends to make oUSD available to users who deposit crypto into on-chain contracts to allow for possible “bankruptcy remoteness,” Lamb stated. In the currency’s litepaper, oUSD is identified as a solution to three problems. First, lenders do not want to trust platforms to hold cash loans backed by crypto collateral. Second, exchanges and lending platforms don’t want to lend cash to margin traders, as this practice led to multiple bankruptcies during the 2022 bear mar...

The regulatory framework will allow individuals and companies to own and trade digital assets in America. With the rapid evolution and increasing adoption of crypto currencies, the need for regulatory clarity has become paramount. U.S. Senator Cynthia Lummis has said that her effort s to push for a positive regulatory framework are still in motion.  Senator Lummis garnered praise from the crypto community on Twitter as she shared her commitment to developing a regulatory framework that would facilitate digital asset ownership and trading within the United States. Her tweet serves as a reminder of the anticipated bill that was supposed to be released in April. In collaboration with Senator Kirsten Gillibrand, Senator Lummis has been engaged in a bipartisan initiative to propose extensive regulations for cryptocurrencies. The upcoming legislative effort is anticipated to make significant progress in Congress this year, providing a crucial framework for the rapidly evolving digital asse...

Coinbase Derivatives Exchange’s institutional-sized contracts will be sized at 1 Bitcoin and 10 Ether. As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with its futures contracts. On June 1, Coinbase revealed its plans to introduce Bitcoin (BTC) and Ether (ETH) futures contracts on June 5 through its Commodity Futures Trading Commission-regulated derivatives exchange. The futures contracts will be targeted toward institutional investors. According to Coinbase, the newly announced institutional-sized contracts will have a specific size of 1 Bitcoin and 10 Ethereum. This sizing is intended to enable clients to effectively manage their exposures in the market. The decision to launch these products was driven by the feedback received by the exchange following the introduction of its nano Bitcoin (BIT) and nano Ether (ET) contracts. In addition, Coinbase stated that its Derivatives Exchange will be dedicat...

Gemini is planning to file a new motion with the court seeking the return of $1.1 billion of digital assets from DCG-owned Genesis. Troubled cryptocurrency exchange Gemini is considering a forbearance option against the Digital Currency Group (DCG), which missed a $630 million re payment last week. When a lender grants forbearance , the borrower can temporarily reduce its mortgage payment or temporarily stop making payment s. The borrower must subsequently pay the reduced or paused payment s. In its updated response, Gemini claimed that the forbearance consideration would be partly based on whether DCG will engage in good-faith negotiations on a consensual deal. If an agreement cannot be reached among the involved parties, Gemini plans to work with DCG-owned Genesis Capital to suggest terms for an amended plan of reorganization that could be advanced without DCG’s consensual participation. On May 19, Genesis also filed a motion with the bankruptcy court seeking to extend its peri...

The ARB airdrop followed the sell-the-news narrative, but Arbitrum's Dapp use and fundamentals remain strong and smart money continues to buy ARB tokens. The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with the selling pressure of ARB tokens likely done with, making the rollup well-positioned for further growth. Arbitrum ecosystem tokens sees sell-the-news type event The Arbitrum (ARB) airdrop was announced on March 16, which caused a significant uptrend in native token prices of Arbitrum ecosystem projects like GMX), Magic , Gains Network (GNS) and Radiant Network (RDNT). The primary reason behind the pump was the ARB airdrop catalyzing the Arbitrum ecosystem’s growth. However, according to a report from An Ape’s Prologue, “this thesis was seemingly front-run,” as the price surge mainly occurred between the period of the airdrop announc...

The zk-SNARKs upgrade promises to significantly improve the security and transparency of the verification process. On Feb 10, Cryptocurrency exchange Binance announced a major upgrade to its Proof of Reserves Verification system to include zk-SNARKs — a cutting-edge technology that Binance says will allow it to verify its reserves in a more secure and transparent manner. 3. Product and Service. Plus transparency. The #Binance Proof of Reserve system has now integrated with zk-SNARK, a zero-knowledge verification method. It will also be made open source. We hope this would help the entire industry benefit. https://t.co/ijVVeF8iFT — CZ Binance (@cz_binance) February 10, 2023 After the FTX incident in 2022, Proof of Reserves Verification became a crucial aspect of the cryptocurrency industry, as it helps confirm that exchanges hold the assets they claim to have. Binance was among the first exchanges to adopt the system, initially using traditional cryptography. However, its recent upg...

Nirmala Sitharaman hopes that finance ministers and central bank governors will be able to agree on crypto regulations in the G-20 meeting in Bengaluru later this month. India’s Finance Minister, Nirmala Sitharaman, stated that regulation “cannot be done” by a single country, it requires “collective action,” in a recent television interview. Speaking to Rahul Joshi on CNBC-TV18 in India on Feb. 3, Sitharaman noted that while the central bank is the “authority for issuing cryptocurrency,” the rest of the digital assets created outside are “using very useful financial technologies.” Sitharaman said that India is looking at a "global" standard operating procedure (SOP) to be “agreed upon” for regulating crypto assets, ahead of India hosting the G20 Finance Ministers and Central Bank Governors meeting in Bengaluru later this month. She suggested that crypto regulations will only be effective if there is global consensus on them. She noted: “Regulation cannot be done by any one c...

Bitcoin price has flashed a few bullish signals, but traders are not too keen on adding leverage longs until after the Federal Reserve shows its cards on Feb. 1. Bitcoin (BTC) price had a mixed reaction on Jan. 25 after the United States reported a 2.9% gross domestic product growth in the fourth quarter, slightly better than expected. Still, the sum of all goods and services commercialized between October and December grew less than 3.2% from the previous quarter. Albeit somewhat optimistic, another data set limiting investors' confidence was news that the U.S. Federal Reserve (FED) would revert its contractive measures anytime soon as U.S. durable goods orders jumped 5.6% in December. The indicator came in much higher than anticipated, so it could potentially mean that Interest Rates could be increased for a little longer than expected. Oil prices are also still a focus for investors, with crude WTI approaching its highest level since mid-September, currently trading at $81.50. ...

An increase in Bitcoin trading volume and positive on-chain data appear to be the primary forces behind BTC’s newfound strength. The beginning of 2023 has provided Bitcoin (BTC) with bullish indicators and the rally to a year-to-date high at $21,647 has crypto traders hopeful that the worst part of the bear market has ended. The surge effect of BTC’s bullish price action is also carrying over to Ether (ETH) and Bitcoin mining stocks. The reduction in Bitcoin Fear and Greed index to neutral is possibly driven by volume increases, Bitcoin on-chain data and BTC price decoupling from equities markets. While not all analysts believe a market bottom is in, let’s dive into the data. Trading volume and volatility return Bitcoin’s price spike has been accompanied by massive growth in trading volume. Over the last week, BTC volume has more than doubled, reaching $10.8 billion, a 114% increase over 7-days. Bitcoin trading volume. Source: Arcane Research Increased trading typically correlates to...