Author: CryptoCurrencyNews

DUBAI, UAE, Dec. 10, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announces the addition of SUI to its On-Chain Earn platform, providing users the ability to participate in blockchain security while earning staking rewards. To mark this launch, a 12,000 SUI bonus pool will be available to eligible participants staking SUI during the event period.

Event Details

• Duration: From now until Jan. 3, 2025, 11:59 PM (UTC)
• Bonus Pool: 12,000 SUI, distributed proportionally based on participants’ staking amounts.

Key Features of SUI Staking on Bybit

• Higher APY Potential: On-chain staking offers competitive annual percentage yields.
• Simplified Process: Bybit handles minor fees and distributes daily staking rewards directly to users.
• Support for Blockchain Decentralization: Staking supports the decentralization and security of blockchain networks.
• Flexibility: Participants can stake and redeem with ease, offering both convenience and accessibility.

Staking Mechanics and Reward Distribution

Users staking SUI on Bybit’s On-Chain Earn during the event must maintain a staking period of at least 24 hours to qualify for earnings and the bonus pool. Rewards will be credited to users’ Funding Accounts daily at 6:00 AM UTC, with no limits on the potential daily SUI earnings.

“We are excited to enhance our On-Chain Earn platform with the addition of SUI staking,” said Joan Han, Sales and Marketing Director of Bybit. “This staking initiative reflects our commitment to empowering users with innovative and accessible ways to grow their crypto assets.”

Bybit On-Chain Earn is an easy-to-use staking service that lets users earn rewards by staking crypto directly on the blockchain. Staking can be complicated, often requiring technical expertise and specialized hardware. Bybit On-Chain Earn simplifies this process by managing all the complexities — gas fees, node operations, and reward distribution — so users can stake popular PoS cryptocurrencies like ETH and SOL with just a few clicks.

Find out more: SUI-percharge with On-Chain Earn: Stake SUI to Earn up to 12,000 SUI

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.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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View original content:https://www.prnewswire.co.uk/news-releases/bybit-expands-on-chain-earn-offering-with-sui-staking-302327648.html

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VICTORIA, Seychelles, Dec. 10, 2024 /PRNewswire/ — KuCoin, a leading global crypto exchange, is thrilled to announce the listing of Ponchiqs (PONCH) on its Spot trading platform. This marks another significant step in connecting users to innovative blockchain projects shaping the future of entertainment and gaming.

Ponchiqs Studio is revolutionizing blockchain-based entertainment by creating a unique ecosystem around its Ponchiqs IP. This meta-universe merges GameFi, Hollywood-quality animations, and exclusive licensed merchandise, offering users a seamless and immersive experience. At the heart of this ecosystem is $PONCH, the native token powering the utility across Ponchiqs’ diverse platforms and games.

The deposit for PONCH is currently open, with the trading for PONCH/USDT commencing at 14:00 on December 6, 2024 (UTC). This is followed by the withdrawal, starting from 10:00 on December 7, 2024 (UTC).

The listing of Ponchiqs underscores KuCoin’s commitment to supporting groundbreaking projects that redefine user engagement and unlock new potentials in blockchain technology. KuCoin users can now participate in this vibrant ecosystem by trading and holding $PONCH tokens as part of their portfolio.

For more information on the PONCH listing and the related listing campaigns and activities, please refer to the official announcement.

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 an exceptional user experience. With a connected user base exceeding 37 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. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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View original content:https://www.prnewswire.co.uk/news-releases/kucoin-lists-ponchiqs-ponch-enriching-blockchain-entertainment-with-meta-universe-302327121.html

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DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is inviting its global community to celebrate six years of innovation and success. The milestone event will take place on Dec. 9, 2024, and will be broadcast live, offering participants worldwide an opportunity to be part of the festivities.

A Star-Studded Celebration

The event will feature special appearances by mystery guests – global icons renowned for thriving under pressure. While their identities remain under wraps, hints have sparked intrigue across Bybit’s community. Winners of the “Guess the Mystery Guests” campaign will join these legends in person at Bybit’s Dubai headquarters.

Live Event Highlights

Hosted by crypto evangelist Shadie Berro, the livestream kicks off at 8 a.m. UTC. Attendees can look forward to:

• Exclusive Fan Meetups: A once-in-a-lifetime opportunity to connect live with the mystery guests.
• Interactive Challenges: Fun and engaging activities to showcase your skills.
• Celebratory Retrospective: A journey through Bybit’s remarkable six years of achievements.

Celebrate and Win

In addition to thrilling live segments, the celebration includes opportunities for rewards:

• New User Perk: Twenty new users will win exclusive Oracle Red Bull Racing merchandise, continuing Bybit’s dynamic collaboration with the legendary Formula One team.
• Meet the Guests: Winners from the “Guess the Mystery Guests” campaign will meet the mystery celebrities.

Mark Your Calendar

Don’t miss this chance to be part of Bybit’s anniversary celebration. Tune in live on Dec. 9, 2024, and join the global Bybit community for a day filled with surprises, rewards, and unforgettable moments.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press 
For media inquiries, please contact: media@bybit.com 
For more information, please visit: https://www.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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View original content:https://www.prnewswire.co.uk/news-releases/celebrating-bybits-6th-anniversary-tune-in-bybits-livestream-for-surprises-global-icons-and-exclusive-rewards-302325992.html

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The financial landscape witnessed a significant shift as Ether ETFs reported their best day of inflows, even as Bitcoin experienced dramatic price swings. This influx into Ether ETFs indicates a growing investor interest in Ethereum-based assets, which contrasts with Bitcoin’s current volatility.

The recent performance of Ether ETFs highlights a broader trend in the cryptocurrency market where investors are diversifying beyond Bitcoin. Ethereum, known for its smart contract capabilities, presents opportunities that Bitcoin does not traditionally offer. This diversification is becoming more appealing as the market matures.

Ether ETFs, which track the value of Ethereum, provide a regulated and accessible way for investors to participate in the crypto market. As regulatory clarity improves, more investors are likely to consider these financial instruments as part of their portfolios.

Bitcoin, despite its volatility, remains a significant player in the crypto market. Its price fluctuations can often lead to broader market instability, but they also open opportunities for other cryptocurrencies like Ethereum to gain traction.

The increased inflows into Ether ETFs suggest that investors are looking for alternative ways to gain exposure to the crypto market. This shift could signal a potential change in how digital assets are perceived, moving from speculative ventures to more stable, long-term investments.

As the market evolves, both Ether ETFs and Bitcoin continue to have distinct roles. Bitcoin’s store of value proposition remains strong, while Ethereum’s utility and application potential drive its appeal. Understanding these dynamics is crucial for investors seeking to navigate the complex world of cryptocurrencies.

Overall, the rise in Ether ETF inflows amidst Bitcoin’s volatility underscores the dynamic and rapidly changing nature of the crypto market. Investors are increasingly looking to diversify and capitalize on the unique opportunities presented by different digital currencies.

Footnotes:

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Bitcoin has once again captured the headlines by surging past the $100,000 mark, a milestone that has both excited and puzzled investors around the globe. This historic surge has brought renewed attention to the cryptocurrency market, which has been experiencing significant volatility over the past few years. The question on everyone’s mind now is whether Bitcoin can maintain this unprecedented value or if it will face a correction in the coming months.

The recent surge in Bitcoin’s value can be attributed to several factors, including increased institutional interest, a weakening US dollar, and ongoing geopolitical tensions that have led investors to seek alternative assets. Institutional investors, who were once skeptical of cryptocurrencies, have gradually embraced them as part of their portfolios, providing the market with a sense of legitimacy and stability. This shift in perception has undoubtedly played a role in Bitcoin’s recent performance.

Moreover, the economic impact of the COVID-19 pandemic has led to a significant increase in government spending, resulting in a weaker dollar. As traditional currencies lose value, investors have turned to Bitcoin as a hedge against inflation, further driving up its price. Additionally, geopolitical uncertainties, such as trade tensions and political instability, have contributed to the growing demand for cryptocurrencies as safe-haven assets.

Despite these positive developments, skeptics warn that Bitcoin’s price could be subject to a sharp correction. The cryptocurrency market is notoriously volatile, and past surges have often been followed by significant downturns. Some analysts argue that the current valuation is unsustainable and driven by speculative trading rather than fundamental value. They caution investors to be prepared for potential volatility in the near future.

On the other hand, proponents of Bitcoin remain optimistic about its long-term prospects. They point to the growing adoption of blockchain technology and the increasing acceptance of cryptocurrencies in mainstream financial systems as indicators of Bitcoin’s potential to become a permanent fixture in the global economy. Furthermore, regulatory advancements in various countries have provided a clearer framework for cryptocurrency operations, encouraging more investors to enter the market.

In conclusion, while Bitcoin’s surge past $100,000 is a significant achievement, it remains to be seen whether this cryptocurrency can maintain its value in the long term. Investors should be cautious and consider the potential risks associated with such a volatile market. However, the increasing acceptance of digital currencies and the ongoing technological advancements suggest that Bitcoin could continue to play a crucial role in the financial landscape of the future.

Footnotes:

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