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The Ethereum price dropped over 1% in the last 24 hours to trade at $2,722 as of 11:16 p.m. EST on trading volume that rose 50% to $23.9 billion. This retracement in the ETH price comes after Bybit received approximately 446,879 ETH, valued at $1.23 billion, to address the losses from the recent hack. The support came through loans, whale deposits, and ETH purchases, with the influx of funds allowing Bybit to nearly close the financial gap created by the breach, which was valued at $1.25 billion. Latest Update: Bybit has already fully closed the ETH gap, new audited POR report will be published very soon to show that Bybit is again Back to 100% 1:1 on client assets through merkle tree, Stay tuned. https://t.co/QLa1vOujM6 — Ben Zhou (@benbybit) February 24, 2025 Ethereum Price Analysis: Potential Breakout Or Continued Consolidation? The ETH price has experienced a significant price movement over the past few months. The altcoin’s daily chart illustrates a clear roundi...

Bybit, the world’s second-largest crypto exchange by trading volume, has seen a successful first month in its efforts to transform token staking on Solana (SOL) with bbSOL, the first exchange-backed liquid staking token (LST) on Solana, according to the most up-to-date information disclosed to Finbold on Wednesday, October 9. Emily Bao, Head of Spot and Web3 at Bybit, described bbSOL’s success as a testament to Bybit’s global reach: “We are incredibly proud of the community’s enthusiastic response to bbSOL. bbSOL’s success in its first month is a testament to the power of combining Bybit’s global reach with the innovation and agility of decentralized platforms. With its listing, we’re further expanding accessibility and unlocking even more opportunities for our users to trade and benefit from bbSOL. We look forward to building on this momentum and bringing even more partners into the fold as we continue to shape the future of token staking.” ...

Bybit, the world’s second-largest crypto exchange by trading volume, has announced the launch of its innovative Subaccount feature, according to the most recent information shared with Finbold on August 14.  The new tool is set to redefine how Bybit users approach their cryptocurrency trading strategies through enhanced organization and efficiency. What do Bybit Subaccounts bring? Subaccounts on Bybit function as individual accounts within the main Bybit account and allow for more personalized fund management and strategizing.  Picks for you This crypto ‘will melt faces’ when altcoin season starts, according to analyst 41 mins ago R. Kiyosaki warns about the ‘biggest market crash in world history’ 2 hou...

In a Bybit lawsuit against its contractor, Singapore’s High Court recognized crypto assets as property capable of being held in trust.  Bybit accused its employee, Ho Kai Xin, of breaching her contract. The company claims she transferred over 4.2 million USDT to addresses she secretly owned. Additionally, she allegedly transferred fiat currency to her personal bank account. Judge Philip Jeyaretnam, presiding over the case in Singapore, stated that USDT could be held on trust like any other property . You might also like: Bybit expands to Cyprus with a newly granted license The judge cited a public consultation response by the Monetary Authority of Singapore (MAS). It affirmed the possibility of identifying and segregating digital assets, including holding them in a trust. Jeyaretnam further emphasized that a crypto asset holder has an incorporeal property right, recognized by common law as a thing in action and enforceable in court.  The Judge also cited a con...