Author: saad@menanewswire.com

DUBAI, UAE, June 21, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, has released a new study showing institutional investors have increased their ETH holdings ahead of the launch of the spot ETH ETF in the US. Analysts predict this ETF will capture between $8 and $12 billion from US and global markets, driving Ethereum to new all-time highs by year-end. According to recent data, Bybit’s institutional investors’ exposure to ETH has almost tripled since the ETF announcement on May 24, 2024—moving from 6.54% to a current weighting of 14.29%. This surge underscores the…

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TAIPEI, June 21, 2024 /PRNewswire/ — BitoGroup, the leading cryptocurrency market leader in Taiwan, today announced its partnership with Far Eastern International Bank Bankee to launch the world’s first dedicated crypto-friendly bank account. As cryptocurrency adoption by international institutions continues to grow, BitoGroup began serving financial institutions two years ago, setting a precedent as the first cryptocurrency exchange to form an alliance with financial institutions. This partnership promotes seamless integration between traditional banks and third-party payment processors. It represents a significant breakthrough for the financial market and has sparked considerable interest within Taiwan’s financial sectors. By collaborating with large institutions,…

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DUBAI, UAE, June 21, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, is thrilled to reveal its upcoming restock of the Bitcoin (BTC) Wealth Management Fund Pool, following the immense popularity and success of the initial rounds. Sold Out in Record Time During the soft launch on June 3, Bybit allocated a total of 100 BTC to the Wealth Management Fund Pool, which astonishingly sold out within a mere 7 hours. Catering to High Net Worth Individuals (HNWIs), VIP customers, and asset managers, the first restock of 50 BTC went live on June 5, quickly…

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Bittime announced a free airdrop campaign of Palapa tokens, with a total of 3,000,000 tokens. JAKARTA, Indonesia, June 20, 2024 /PRNewswire/ — Registered Indonesian crypto exchange Bittime, launched only 15 months ago, recently cracked the Indonesian top 3 as per CoinGecko rankings. To celebrate this milestone, Bittime is giving away another round of free Palapa ($PLPA) tokens through a massive phase II airdrop campaign. “CoinGecko’s recognition is a testament to the unwavering support of Bittime’s loyal users. At Bittime, we prioritize security, convenience, and a diverse range of crypto assets to empower our users, putting users first. These are the core…

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DUBAI, UAE, June 20, 2024 /PRNewswire/ — Bybit Web3, the Web3 division of Bybit —one of the top three global crypto exchanges by trading volume—is excited to announce the launch of IDO 2.0, a revolutionary new system designed to empower loyal Bybit Web3 users and democratize access to lucrative Initial DEX Offerings (IDOs). Since its launch in January 2023, Bybit Web3 IDO has rapidly emerged as a premier platform for discovering and investing in promising blockchain projects. Key IDO Milestones Demonstrating remarkable success, the platform has facilitated the launch of over 30 projects, attracted 1.4 million participants, and achieved an…

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VICTORIA, Seychelles, June 20, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, announced the expansion of the partnership with Ethena, a synthetic dollar protocol developed on the Ethereum blockchain, to introduce its synthetic USDe into services such as Bitget Savings and Coin-Margined (Coin-M) Contracts. Created by Ethena Labs, USDe is a synthetic dollar that aims to provide a censorship-resistant, stable, and scalable digital asset. Since its inception, USDe has seen its supply skyrocket to over 3.5 billion, with more than 215,000 users. This surge in supply and user adoption signals a significant milestone for USDe in…

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DUBAI, UAE, June 19, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, is thrilled to announce the launch of Copy Trading Pro, an advanced platform that connects investors with meticulously vetted expert traders known as Pro Masters. These Pro Masters have a proven track record and employ diverse investment strategies, including Spot and Derivatives trading, to maximize potential returns. Bybit Copy Trading Pro empowers investors to mirror the strategies of Pro Masters, aligning their investment goals with those of experienced traders to ensure a tailored investment approach. Key Benefits of Bybit Copy Trading Pro: For…

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It is the first and only tokenized US T-Bill product globally to receive a rating from the credit ratings agency. OpenEden Group is raising fresh funding to expand use cases for TBILL tokens. SINGAPORE, June 19, 2024 /PRNewswire/ — The global credit rating agency, Moody’s Ratings, has awarded an “A-bf” bond fund rating to Hill Lights International Limited – the regulated fund that issues OpenEden’s tokenized U.S. T-bills. The rating places OpenEden’s TBILL tokens within the “investment-grade” quality category. According to Moody’s Ratings and Symbols Definitions:  “Money Market Funds and Bond Funds rated A … are judged to possess many favorable…

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TORTOLA, British Virgin Islands, June 18, 2024 /PRNewswire/ — WSPN, a globally recognized digital payments leader, has announced a milestone collaboration with DigiFT, the first regulated exchange for on-chain real-world assets (“RWA”), approved as a Recognised Market Operator with a Capital Markets Services license by the Monetary Authority of Singapore. This strategic partnership underscores a mutual commitment to advancing stablecoin applications and pioneering Web3 payment and investment solutions globally. Through this partnership, WSPN’s flagship USD-pegged stablecoin, the Worldwide USD (WUSD), will be integrated into DigiFT’s exchange. As the first regulated exchange for on-chain RWA, the integration of WUSD will enhance…

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DUBAI, UAE, June 18, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, today announced that it is leveraging Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, and integrating its Off Exchange solution to mitigate counterparty risk for institutional trades. Off Exchange is an innovative solution which empowers institutional traders to trade on centralized exchanges from an on-chain multiparty computation (MPC) shared wallet, mitigating exchange counterparty risk. In the last 90 days, the Fireblocks Network, upon which Off Exchange was deployed, facilitated over $200 billion in transactions between…

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