Author: CryptoCurrencyNews

Full SDK integration radically simplifies crypto transfers across leading chains

SINGAPORE, June 20, 2025 /PRNewswire/ — Leading digital identity platform SPACE ID is pleased to announce that Enkrypt, the multi-chain wallet developed by MyEtherWallet (MEW), has integrated its Payment ID solution, which allows Enkrypt users to send crypto to any centralized exchange (CEX) on any chain with just one simple name.

Payment ID replaces clunky 42-character deposit addresses with a human-readable name, like ‘alice’, mapped to all CEX deposit addresses on any chain, drastically reducing the risk of copy-paste errors or wrong address deposits that still plague the web3 space. Payment ID doesn’t even require a domain name – just a simple registration with an email address. 

On top of this, Enkrypt has integrated SPACE ID’s proprietary SDK, which allows wallet users to use any SPACE ID domain name, such as .bnb and .arb, as well as Unstoppable Domains’ native domain, .crypto, for seamless crypto transfers between web3 wallets, including MetaMask.

Harrison Seletsky, Director of Business Development at SPACE ID, says: “We’re excited to be working with two leading infrastructure projects in the web3 space – Enkrypt and Unstoppable Domains – to finally begin creating a more unified and interoperable crypto payments ecosystem.”

SPACE ID’s Payment ID system officially launched in April on MetaMask and Binance. This latest integration marks another step toward making crypto transfers from web3 wallets to CEXs more seamless and secure, ultimately bringing the web3 user experience closer to what users are accustomed to in the web2 world.

Kosala Hemachandra, CEO and Founder at MyEtherWallet & Enkrypt, says: “It has been our goal from day one, nearly a decade ago, to make crypto and web3 easy for normal people to use. Adding multi-chain support for domain names and Payment ID aligns with our vision, and SPACE ID was the perfect partner to continue this endeavor!”

With this integration, Enkrypt becomes one of the first wallets to offer native support for both Payment ID and SPACE ID’s universal identity infrastructure, radically simplifying the crypto transfer process for its users. 

The multi-chain collaboration between three leading payments and digital identity players is just one step in SPACE ID’s mission to unite the web3 space and make it truly interoperable, removing the need for bridging, copy-and-paste errors, and lengthy deposit addresses.

About SPACE ID
SPACE ID is the leading digital identity platform, powering trustless identity solutions for users, AI agents, dApps, and beyond. With over 6.7M registered domains and 2.7M owners supported across BNB Chain, Arbitrum, Ethereum, Story Protocol, and more, SPACE ID is setting the standard for secure and verifiable web3 identities.

To learn more about SPACE ID, users can visit https://space.id/ 

About Enkrypt
Enkrypt is a multichain, self-custodial, and open-source web3 wallet developed by MEW(MyEtherWallet), the same team that has made Ethereum easy and secure to use since 2015. Enkrypt allows users to manage all their crypto assets and access favorite DApps across multiple chains and ecosystems, including Ethereum/EVM, Bitcoin, Solana, Polkadot, and beyond.

Enkrypt enables multichain convenience like never before by allowing account and chain switching with a single click, with one recovery phrase for all accounts. Featuring hardware support, phrase import, and multiple accounts across various networks, Enkrypt is a wallet that goes anywhere users need to go in web3. Welcome to the multichain future.

To learn more, users can visit https://www.enkrypt.com/ 

Press Contacts

SPACE ID
Anna Fedorova
anna@block3.pr 

Enkrypt
Vince Major
VinceM@myetherwallet.com

Contact
Managing Director
Anna Fedorova
Block3 PR
anna@block3.pr 

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HAMILTON, Bermuda, June 19, 2025 /PRNewswire/ — GRVT, the world’s first licensed onchain exchange, is teaming up with rhino.fi, a leading intent based liquidity network for seamless cross-chain access experience across both EVM and non-EVM networks. Users can now deposit to and withdraw from GRVT directly using BSC, Arbitrum, Solana or TRON via rhino.fi, which can expand to over 30 chains supported by rhino.fi in the future.

Only one week after the integration’s soft launch, a transaction volume of 500K was achieved. This growth is expected to accelerate as user confidence increases.

As part of a wider DeFi TVL surge (over $2.4 billion in TVL added to derivatives protocols in the past year), GRVT crossed a major milestone, hitting $8 billion in total trading volume, according to DefiLlama.

Average spreads on GRVT have also been significantly tightened since its Mainnet launch, meaning better liquidity, lower slippage, and more value per trade for traders, as noted on GRVT’s X account.

Hong Yea, co-founder and CEO of GRVT, commented, “Our partnership with rhino.fi marks an important step toward seamless self-custodial trading onchain. By enabling users to bridge assets directly into GRVT from across chains, we’re tearing down the technical and accessibility barriers that have long held back true DeFi adoption. For the GRVT and rhino.fi communities, this means faster onboarding, broader access, and a frictionless trading experience without compromising the custody of user funds.”

rhino.fi co-founder and CEO Dan Yanev added: “GRVT exemplifies the promise of appchains, combining high performance with regulatory readiness. At rhino.fi, we’re proud to connect GRVT to the broader DeFi ecosystem through instant, zero-slippage transfers.”

Starting June 23, the two platforms will host a joint campaign to incentivize users bridged via rhino.fi, with a share of up to 12,000 USDT and 700,000 GRVT Points for grabs. Users can earn rewards simply by bridging into GRVT and trading during that window. Full details will be available on GRVT’s and rhino.fi’s social media channels.

Disclaimer: Perpetuals trading of cryptocurrencies is subject to high market risk and price volatility and you may be called upon at short notice to commit further margin deposits or risk being liquidated. This content is not a distribution of, or an offer or solicitation to provide, financial services or products, nor a representation as to their suitability or legality for you. GRVT is not a regulated entity and your funds are not subject to regulatory protection. Before making any decision based on this content, please seek financial and legal advice, and carefully review our Risk Disclosure and Disclaimer in full.

About GRVT

GRVT (pronounced “gravity”) is the world’s first licensed onchain exchange, where traditional banking meets decentralized innovation on one regulated, compliant, and trustless financial market place.

A blockchain-based platform that is democratizing how wealth is created and shared, GRVT allows everyday people to trade, invest, and grow their wealth by providing direct access to top industry traders and investors.

GRVT official website: https://grvt.io/
Social and Community: X | LinkedIn | Telegram | Discord

About rhino.fi
rhino.fi is a cross-chain bridge and liquidity network focused on high-speed and low-cost transfers of stablecoins between 35 different blockchains. rhino.fi has served 2.3m customers, processed more than $4bn in transaction volume and has been invested in by Bitfinex/Tether and LightSpeed Venture Partners.

rhino.fi official website: https://rhino.fi/
Social and Community: X | LinkedIn | Telegram

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VICTORIA, Seychelles, June 19, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange with over 41 million users, today announced its integration and exchange partnership with BitGo Singapore Pte. Ltd. (“BitGo Singapore”), a subsidiary of BitGo, Inc., through its Go Network for Off-Exchange Settlement (OES) platform. This collaboration marks another significant step in KuCoin’s $2 Billion “Trust Project” designed to strengthen platform security and institutional trust.

Through this integration, institutional clients on KuCoin can now trade without pre-funding exchange wallets. Assets remain securely held in regulated custody under BitGo Singapore, a licensed Major Payment Institution under the Monetary Authority of Singapore (MAS). This setup offers a mature and proven model of custody and execution separation, diversifying counterparty and systemic risks while enhancing operational security.

Institutional clients trading on KuCoin now benefit from a comprehensive suite of features designed to enhance security, compliance, and flexibility in the digital asset space. Clients benefit from qualified custody with insurance coverage up to $250 million, automated post-trade settlement, and full asset control with delegated trading access. KuCoin’s full suite of products—spot, margin, options, and perpetual futures—can now be accessed through Go Network, ensuring assets remain protected.

Tika Lum, Head of Institutional Business Development at KuCoin, commented:

“Security and trust are the foundation for institutional adoption. We are proud to integrate with BitGo Singapore’s Go Network. This partnership represents a critical component of our $2 Billion Trust Project and delivers a more resilient trading paradigm to institutional clients globally.“

Brett Reeves, Head of Go Network at BitGo, added:

“Partnering with KuCoin on Go Network through BitGo Singapore marks a major step forward in building a more efficient trading ecosystem. This is how digital asset trading should be—secure, compliant, and built on trust.“

As off-exchange settlement gains traction across the industry, KuCoin will continue to work with global leaders in compliance and custody to build a more secure and trustworthy digital asset trading environment.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at: www.kucoin.com

About BitGo

BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry’s top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world.BitGo Singapore is licensed as a Major Payment Institution by the Monetary Authority of Singapore (MAS). For more information, visit www.bitgo.com

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These first-of-kind money market rates transform Aave pool activity into conventional overnight rates to support interest rate derivatives and floating rate loans.

NEW YORK, June 17, 2025 /CNW/ — CoinDesk Indices, a leading provider of digital-asset benchmarks, in collaboration with Sentora, a pioneer in institutional DeFi solutions, today announced the launch of CoinDesk Overnight Rates (CDOR), the first benchmark interest rates that draw upon Aave’s lending pools to provide standardized overnight rates for major stablecoins.

CDOR to Support Industry Growth

CDOR rates are designed to support markets for hedging funding costs, securing yields, and developing cross-currency rate strategies. Calculated and published daily, these rates are accessible to exchanges, market makers, protocol treasuries, and structured-product desks.

Stani Kulechov, Founder of Aave Labs says, “CDOR is a new benchmark interest rate built on Aave’s deep onchain liquidity. It provides a transparent, risk-free lending rate that unlocks new use cases for stablecoins, such as derivatives and fixed-income products, enabling more efficient, scalable, and automated financial markets.”

The first CDOR rates utilize activity on Aave v3’s Core variable borrow pools for USDC and USDT. CoinDesk Indices has released a methodology that converts this on-chain activity into a historical daily (or “overnight”) rate that can be aggregated over longer periods. These pools, whose rates react instantly to changes to supply and demand, are important facilities in decentralized finance that reflect activity of a large population of borrowers and lenders.

Andy Baehr, CFA, Head of Product and Research, CoinDesk Indices says “Stablecoins are expected to grow into the trillions, but there is no institutional-grade money market for trading and hedging term rates. CDOR rates provide a cornerstone element for the stablecoin rates markets, using the same conventions as TradFi benchmarks, which support the largest derivatives markets in the world.”

Anthony DeMartino, CEO, Sentora says, “Sentora’s mission is to make on-chain finance as efficient as traditional finance. With CDOR rates you can switch from floating to fixed funding, or speculate on the curve, in a single, capital-efficient trade; a crucial building block that’s been missing for years. These rates will enable new DeFi use cases and Sentora is happy to support the evolution of capital markets on-chain.”

Liquidity Providers Signal Support for CDOR

Exchange-traded futures contracts, currently under development, will settle against CDOR rates and will provide market participants with new and powerful tools for risk management and strategy implementation. Galaxy, FalconX, Flowdesk and Tyr Capital will act as founding market makers.

Ed Hindi, CIO, Tyr Capital says, “CDOR rates enable the creation of a broad range of financial derivatives that are currently missing in the crypto financial ecosystem. This addition alongside a clearer regulatory environment should exponentially increase the interaction of institutional players with DeFi. The ability to efficiently manage interest rate risk is a game changer for the CeDeFi markets. Tyr Capital is thrilled to be more widely involved in making the TradFi and crypto relationship more symbiotic.”

Jason Urban, Global Head of Trading at Galaxy says, “With CDOR rates, the market gains a powerful rate signal that reflects real-time borrower demand and enables smart, scalable trading strategies. It’s a meaningful step in bridging DeFi and traditional finance, making stablecoin markets more accessible and actionable for sophisticated investors.”

Joshua Lim, Global Co-Head of Markets, FalconX says, “We are pleased to partner with CoinDesk Indices and Sentora on their CDOR product suite. The next phase of growth in crypto will be driven by convergence of CeFi and DeFi capital markets.”

Reed Werbitt, US CEO, Flowdesk says, “The introduction of CDOR will enable broader institutional adoption and participation in crypto credit markets, enhancing capital efficiency and risk management across our trading strategies. The ability to mitigate interest rate risk is a critical foundation of a functioning capital market, and we’re excited to be working with Sentora to bring this product to fruition.”

By turning on-chain market activity into standardized interest rates, CDOR lays the groundwork for exchange-traded money-market futures and other rate-based derivatives.

For additional information on CDOR please visit https://sentora.com/cdor-stablecoin-rate.

View the CoinDesk Overnight Rates (CDOR) – Aave | USDC and Aave | USDT.

About CoinDesk Indices

Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish Group, its indices form the foundation of the world’s largest digital asset products. CoinDesk Indices is regulated in the UK by the Financial Conduct Authority and offers products across multi-asset indices, reference rates, and strategies. Flagships such as the CoinDesk Bitcoin Price Index and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner.

About Sentora

Sentora, born from the recent merger between DeFi technology specialist IntoTheBlock and financial solutions provider Trident Digital, is a leader in developing institutional-grade DeFi solutions, yield strategies and risk-management infrastructure. Sentora’s solutions connect leading digital asset firms and large capital allocators to the advantages of decentralized finance.

About Aave Protocol

Aave is the leading decentralized, non-custodial liquidity protocol, with over $40 billion in total value locked (TVL). It allows users to earn yield on deposits and borrow a wide range of digital assets without intermediaries. Core features include risk management tools such as supply and borrow caps, flash loans, and GHO — a decentralized, overcollateralized stablecoin native to the protocol. Aave is fully governed by the Aave Decentralized Autonomous Organization (DAO). Learn more or participate in governance at https://governance.aave.com.

Disclaimer

CoinDesk is a portfolio company of the Bullish Group. CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, “CoinDesk Indices”), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CoinDesk Indices is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CoinDesk Indices index. CoinDesk Indices does not act as a fiduciary. A decision to invest in any asset linked to a CoinDesk Indices index should not be made in reliance on any of the statements set forth in this document or elsewhere by CoinDesk Indices. All content displayed here or otherwise used in connection with any CoinDesk Indices index (the “Content”) is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CoinDesk Indices. CoinDesk Indices does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CoinDesk Indices is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CoinDesk Indices does not assume any obligation to update the Content following publication in any form or format. © 2025 CoinDesk Indices, Inc. All rights reserved.

Forward-Looking Statements: This press release may include “forward-looking statements” relating to future events or the Bullish Group’s future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Bullish Group, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Bullish Group undertakes no duty to update these forward-looking statements.

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SOURCE CoinDesk Indices

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DUBAI, UAE, June 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released a new options volatility report in collaboration with Block Scholes. The report shows a historic volatility divergence between Ethereum (ETH) and Bitcoin (BTC) during May?2025.

Key Highlights:

• In May 2025, ETH options exhibited historically high volatility premiums over BTC, driven by ETH’s elevated realized volatility during a major price rally.
• The ETH-to-BTC implied volatility ratio for short-dated options surged past 2x — reaching a nearly five-year high.
• BTC’s realized volatility fell below a long-standing 35% floor, breaking a 19-month trend.
• ETH’s volatility term structure showed persistent inversion, with shorter-dated options pricing higher volatility than longer-dated ones.
• The implied volatility divergence coincided with ETH’s outperformance, which included a 23% intraday rally amid key market events.

ETH-to-BTC Implied Volatility Expands to Five-Year High

In May 2025, a notable dislocation in implied volatility emerged between ETH and BTC options. Implied volatility reflects market expectations for future price movement over an option’s lifespan. At the start of the month, the ETH-to-BTC implied volatility ratio for 7-day options hovered around 1.5 — indicating that ETH options were priced with 50% higher expected volatility than BTC options.

By May 16, the ratio climbed above 2x, reaching a peak not seen since 2020, as BTC’s implied volatility declined to its lowest levels since October 2023. This drop in BTC volatility broke below the 35% floor that had held for over 19 months, while ETH’s short-tenor implied volatility remained elevated, though slightly below its May 10 high. The volatility spread was particularly pronounced in the 30-day tenor, reaching its widest point since mid-2022.

Realized Volatility Trends Underscore the Divergence

The sharp divergence in implied volatility was reinforced by trends in realized volatility — a measure of actual historical price movement. In May, ETH’s realized volatility significantly outpaced BTC’s across various tenors, fueling expectations for continued dispersion between the two assets.

On May 15, the 7-day realized volatility ratio between ETH and BTC peaked, closely followed by the implied volatility ratio — suggesting market participants expected ETH’s higher volatility to persist. This trend is not new: the ETH-BTC volatility ratio has been climbing steadily since July 2024, amid both bull runs and periods of market stress.

ETH’s standout performance in May was catalyzed by several factors, including positive US-UK trade news. ETH surged more than 23% on May 8 alone and continued to outperform BTC, which gained approximately 10% during the same period. Despite this momentum, ETH remained over 50% below its January 2025 peak and its all-time high.

#Bybit / #TheCryptoArk / #BybitReport

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 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: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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