Author: CryptoCurrencyNews

Bybit WSOT Launches First Onchain Wave on Solana with Over $1 Million in Rewards

DUBAI, UAE, Aug. 21, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of the World Series of Trading (WSOT) first-ever Onchain Wave on the Solana blockchain. The event is now live and runs through to September 15, 2025, 10AM UTC, featuring more than $1 million in rewards across BBSOL and USDC, open to participants on both Bybit Web3 and Byreal platforms. CEX and DEX users share one leaderboard, competing on the same stage.

Bybit Deepens WSOT via Collaboration with Byreal on Solana

This year’s WSOT Onchain Wave launches with robust ecosystem support across top Solana-based projects and platform partners. Among them are xStocks, Sanctum, DeFiTuna,Sonic SVM, CUDIS and Fragmetric, each contributing unique trading, liquidity, and asset opportunities for participants.

The WSOT Onchain Wave is rooted in deep collaboration within the Solana ecosystem via Byreal, harnessing Solana’s speed, scalability, and developer depth to deliver professional grade trading experiences with full onchain transparency.

Emily Bao, founder of Byreal, elaborated,  “Byreal’s mission is to make onchain trading as deep, fast, and credible as the best centralized markets. Partnering with WSOT on Solana — and joining forces with an unprecedented roster of ecosystem partners — lets us open the doors of the world’s largest trading competition to the DeFi-native community for the very first time.”

The Onchain Wave combines competitive trading and liquidity rewards:

  • Weekly Competition: Up to 250 BBSOL distributed among the top 200 traders each week, with a total of 650 BBSOL across four weeks.
  • Grand Competition: 1,650 BBSOL shared among the top 1,000 traders overall.
  • 6th Anniversary Bonus: In celebration of WSOT’s 6th anniversary, a special surprise reward awaits both weekly and overall 6th-place winners.
  • Warrior Reward: Traders with $10,000+ in volume, even without leaderboard placement, will share a 900 BBSOL pool.
  • Byreal-Exclusive Rewards: Liquidity providers can earn daily payouts from a 650,000 USDC reward pool by keeping eligible pools active.

Participation

  • Bybit Web3: Users can join by logging in with their Bybit account, trading WSOT marked assets through Bybit Web3. But must have Individual Identity Verification Lv. 1 completed and be on Bybit app version 5.0.0 or above.
  • Byreal: Access is currently whitelist-only, with entry via Solana wallet connection. Active Solana users may gain whitelist access as soon as the next day.

Trading of WSOT-tagged tokens on either platform counts toward both weekly and overall leaderboards. A minimum trading volume is required to qualify for rewards; thresholds range from $5,000 up to $500,000 depending on leaderboard position and round.

This debut Onchain Wave marks a new chapter for WSOT, combining onchain innovation with competitive trading to celebrate its sixth anniversary.

Restrictions and user requirements apply. For the full sets of rules and terms and conditions, users may visit: WSOT 2025.

#Bybit / #TheCryptoArk /#WSOT2025 

Bybit WSOT Launches First Onchain Wave on Solana with Over $1 Million in Rewards

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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HTX Joins TRM Labs’ Beacon Network to Strengthen Global Fight Against Crypto Crime

PANAMA CITY, Aug. 21, 2025 /PRNewswire/ — HTX, a global leading cryptocurrency exchange, today announced its participation in the Beacon Network, the first real-time crypto crime response network launched by TRM Labs, as a founding member. By joining forces with elite exchanges and law enforcement agencies, HTX reaffirms its commitment to combating illicit finance and building a safer, more trusted digital asset ecosystem.

Launched by TRM Labs, the Beacon Network connects vetted investigators with exchanges, stablecoin issuers, and regulators to detect, flag, and disrupt illicit activity before funds can be cashed out. Through real-time alerts and coordinated responses, the network shifts the fight against crypto crime from reaction to prevention, closing gaps that criminals have exploited for years.

“As the crypto industry continues to evolve at a rapid pace, threats such as hacking and money laundering have become increasingly sophisticated, intelligent, complex, and fast-moving. It is no longer feasible for any single team to fight these crimes effectively — we must unite as an industry to build coordinated defenses and responses, and Beacon Network helps us do just that,” said Heisen Guo, Chief Security Officer at HTX. “HTX is grateful to TRM Labs for spearheading this effort, and we look forward to working side by side with partners worldwide to forge an ‘iron wall’ for the crypto sector, and to safeguard the security and bright future of the industry.”

By joining the Beacon Network, HTX demonstrates its dedication to advancing compliance and strengthening security standards. Its participation also broadens Beacon’s global reach and real-time coverage, enabling exchanges and law enforcement partners to act within moments rather than days. Together, the industry is setting a new benchmark for cooperation to stop illicit finance before it impacts users.

About HTX

Founded in 2013, HTX (formerly Huobi) has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visithttps://www.htx.com/ or HTX Square , and follow HTX on X, Telegram, and Discord

About TRM Labs

TRM Labs provides blockchain intelligence solutions trusted by financial institutions, cryptocurrency businesses, and law enforcement to detect, investigate, and prevent cryptocurrency-related financial crimes. TRM combines advanced analytics with human expertise to build a safer financial system for everyone. Learn more at www.trmlabs.com.

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Moomoo’s Parent Company Futu Releases Q2 2025 Results: Net Income up 105% YoY to US$339 Million

JERSEY CITY, N.J., Aug. 20, 2025 /PRNewswire/ — Moomoo’s parent company Futu Holdings Ltd. (“Futu” or “the Company”) (Nasdaq: FUTU), a leading global tech-driven online brokerage and wealth management platform, announced its unaudited Q2 2025 earnings with US$676.6 million in revenues, up 69.7% year-over-year (“YoY”), and US$338.8 million in non-GAAP adjusted net income, up 105.2% YoY.

Moomoo's Parent Company Futu Releases Q2 2025 Results: Net Income up 105% YoY to US$339 Million

As of June 30, 2025, the Company reported 27.12 million registered users, 5.24 million brokerage accounts and 2.88 million funded accounts. The Company’s total client assets surged to US$124 billion, demonstrating an accelerated growth of 17% quarter-over-quarter (“QoQ”) and 68% YoY. Notably, the Hong Kong market reported strong net inflows, with average client assets increasing QoQ by double digits, while the Singapore market posted robust user growth, with one in every two Singapore residents now a moomoo user [1].

In Q2, the Company’s total trading volume across its platforms grew by 12% QoQ and 121% YoY to US$457 billion, with US equities hitting US$343 billion, an all-time high. Singaporean, Australian, Japanese, and Canadian equities also recorded historical highs in quarterly trading volume.

Cryptocurrency and AI Lead Product Innovation

In the second quarter, cryptocurrency assets grew significantly by 43% QoQ across the Company’s platforms. As the Company charts an ambitious course for the future of fintech, it has placed cryptocurrency expansion at the forefront of its business strategy. Following successful launches in Hong Kong and Singapore, the Company has introduced Moomoo Crypto to US investors. It is actively exploring and accelerating the rollout of cryptocurrency trading services across its global markets, aiming to build a one-stop investment platform that seamlessly connects virtual assets with traditional finance.

At the same time, the Company is striving to build an end-to-end virtual asset infrastructure lifecycle. Leveraging multiple licenses obtained from regulators of various markets, the Company is set to provide a wide range of services including custody, matching and trading for virtual assets. The Company has launched cryptocurrency deposit and withdrawal services in Hong Kong, and has announced plans to explore offering around-the-clock on-chain tokenized money market fund trading services. In the future, the Company intends to offer more compliant crypto-related features to global investors.

In addition to cryptocurrency, Artificial Intelligence (“AI”) has been in the spotlight as more AI applications emerge in the fintech realm. In Q2, the Company introduced its self-developed blockbuster feature, Moomoo AI, an AI chatbot that empowers users worldwide to make smarter investment decisions with cutting-edge technologies. More advanced tech-driven functions are available in Moomoo Membership, which aims to provide exclusive premium benefits to members and provide value-added services.

The Company continues to upgrade its platform features and enrich its product selections to meet various investor demands. In Japan, moomoo further expanded its capabilities in US stock assets by launching US stock options trading. In Malaysia, moomoo introduced IPO financing and earnings calendar features, enhancing the Malaysian stock trading experience. Meanwhile, the Company is improving trading features across various platforms, including launching the Options Strategy Builder feature on mobile and enabling funds and bonds trading on desktop. The recent Bullish IPO attracted strong interest on moomoo US platform, with 100% of moomoo subscribers successfully securing the shares. The moomoo app maintained the top position in Q2 downloads among local stock trading apps in Australia, Malaysia, Singapore, and Hong Kong [2].

Localization Strategy Drives Long-Term Market Growth

In response to the rapid increase in demand for cryptocurrency and options related content from global users, moomoo introduced several dedicated educational sections within the in-app community. By the end of the second quarter, the community reported quarterly growth in daily active users, user generated content, and user engagement, with almost two million visits to the community’s free educational online courses.

In addition to online courses, moomoo also partnered with various organizations to promote financial literacy. In collaboration with Nasdaq and Japan Exchange Group, moomoo hosted its flagship offline event — MooFest in Japan, attracting around 3,000 investors. Moomoo Malaysia joined forces with Bursa Malaysia to promote financial literacy, advancing the development of the local investment market. In the US, Moomoo Foundation and W!se, an educational nonprofit, presented awards to 100 high schools for their educational excellence in finance. Additionally, moomoo made a bold new presence at Citi Field, home of the American professional baseball team the New York Mets, with a 36-foot high moomoo signage, which significantly amplifies moomoo’s brand visibility and recognition around the New York tri-state area. Moomoo also partnered with J.P. Morgan for the J.P. Morgan Corporate Challenge Singapore 2025 to promote wellness and an active lifestyle.

Moomoo’s dedicated localization efforts and product strengths garnered wide recognition across global markets, underscoring its growing influence in the fintech domain. In Malaysia, moomoo was honored by Bursa Malaysia with two prestigious awards – “Top Broker – Highest Number of New Accounts” and “Top Broker – Highest Traded Value”. In Australia, moomoo secured the “2025 Canstar Outstanding Value” awards for traders, active investors, and casual investors, a testament to its broad appeal and “customer-first” business philosophy. In Singapore, moomoo clinched the “Fintech – Private Wealth Management” award at the SBR Technology Excellence Awards 2025. With all these accolades, moomoo reaffirms its commitment to enhancing customer value. The Company will continue to widen the products and features on the platform while maintaining its first-class services.

[1] Refers to moomoo users among Singapore’s resident population aged 20–70, based on 2024 year-end demographic statistics from the Singapore Department of Statistics

[2] Source: data.ai

About moomoo

Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.

Founded in the US, moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, moomoo is trusted by more than 27 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.

For more information, please visit moomoo’s official website at www.moomoo.com

CONTACT: pr@moomoo.com


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Bybit & Block Scholes Report: ETH Nears ATH on $1B ETF Inflows

DUBAI, UAE, Aug. 19, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Block Scholes, released its latest Crypto Derivatives Analytics Report, offering deep insights into market-moving macro events, the state of crypto markets, and trading signals from spot and derivatives markets.

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Last week, Ether (ETH) surged more than 20%, approaching its November 2021 all-time high, fueled by record institutional participation and a historic $1 billion single-day inflow into ETH Spot ETFs on August 11, 2025. Firms such as SharpLink Gaming and BitMine Immersion Technologies led the charge, with BitMine surpassing the 1 million ETH milestone and outlining plans to expand its equity program by $20 billion.

Key Market Highlights

  • ETH rallies 23% this week, extending its 30-day gain to 55% and outperforming Bitcoin year-to-date.
  • Record $1B inflow into ETH Spot ETFs on Aug 11, 2025, alongside bullish derivatives positioning.
  • ETH options skew flipped from ?11% to +4.8% in favor of short-tenor calls, signaling strong upside sentiment.
  • BTC hits new ATH of $124K on Aug 14, 2025, after President Trump’s executive order permitting 401(k) investments in digital assets.
  • BTC options volatility briefly spiked from 24% to 34% as spot broke key resistance levels, with demand shifting toward upside calls.

ETH: Institutional Demand Dominates

Ether’s rally is supported by unprecedented institutional inflows and favorable regulatory momentum boosting stablecoin and tokenization activity on Ethereum. Despite rapid price appreciation, daily ETH options volumes held steady at $200 million, with traders aggressively pricing short-term gains. A brief term structure inversion on Aug 10 underscored market conviction in near-term upside potential.

BTC: Sentiment Reversal Toward Upside

Bitcoin surged past $116K to $122K before reaching a record $124K. The rally coincided with a sharp reversal in derivatives sentiment as short-tenor call demand grew. The week’s defining catalyst was President Trump’s executive order, potentially opening the door to $8.7 trillion in U.S. retirement fund capital entering the digital asset space.

Positive Skews Highlight Bullish Outlook

Bybit and Block Scholes data show ETH option skews holding firm in positive territory, reflecting growing optimism. Institutional players have maintained aggressive accumulation strategies, and options markets are mirroring this confidence with sustained premiums for calls over puts.

The full report offers in-depth charts, options flow analysis, and technical breakdowns to guide traders in navigating these historic market conditions.

For detailed insights, readers may download the full report.

#Bybit / #TheCryptoArk / #BybitLearn

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.

Fr 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

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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KuCoin Spotlight Drives AI Gaming Innovation: Launches Token Sale for AKEDO with Early Access, Exclusive Benefits, and Principal Protection

PROVIDENCIALES, Turks and Caicos Islands, Aug. 18, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is thrilled to announce the launch of its latest Spotlight token sale featuring AKEDO (AKE). This move highlights KuCoin’s commitment to advancing groundbreaking Web3 innovations, especially where artificial intelligence, gaming, and blockchain converge.

Founded in 2024 and based in Zug, Switzerland, AKEDO is a trailblazing multi-agent AI framework that transforms Web3 gaming with autonomous content creation and smart collaboration. As the first platform to embed AI agents directly into game engines, it lets users craft studio-quality games in minutes using simple natural language prompts—no coding skills needed—and does so 100 times faster and more affordably than traditional large language models. Starting as a Telegram-based “tap-to-earn” game called Akedog, AKEDO has grown into a full ecosystem that democratizes GameFi, merging user-generated content with on-chain ownership and genuine crypto rewards, akin to “TikTok meets Roblox” on the blockchain.

Its cutting-edge setup spans multiple chains, including Solana (home to the AKE token), TON, BNB, Bera, and DuckChain, enabling earnings in $DOGE, $BNB, $USDT, and more through the “PlayDrop” feature.

Via KuCoin Spotlight, users get early access to the AKE token sale, enabling investment in this game-changing project ahead of public listing. Key perks include:

  • Securing tokens at a reduced price, with the Spotlight Fully Diluted Valuation (FDV) at 80% of the prior financing round, plus a 10% extra discount for KCS subscriptions.
  • Guaranteed inclusion for everyone via over-subscription with proportional allocation, ensuring all participants get a share.
  • Enhanced protection through a principal protection buyback, with details in the official announcement.

Renowned for upgrades like a fresh UI, dual-crypto support, and staking perks, the Spotlight program keeps championing ventures that fuel innovation and empower users.

For participation details, please visit the event landing page

About KuCoin

Founded in 2017, KuCoin is a leading global cryptocurrency platform serving over 41 million users across 200+ countries and regions. Built on cutting-edge blockchain technology, KuCoin offers access to 1,000+ digital assets and solutions including Web3 wallet, Spot and Futures trading, institutional services, and payments. Recognized by Forbes as one of the “Best Crypto Apps & Exchanges” and a “Top 50 Global Unicorn” by Hurun, KuCoin is ISO 27001:2022 certified and committed to security, compliance, and innovation under the leadership of CEO BC Wong. Learn more: https://www.kucoin.com/


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SOURCE KuCoin

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