DUBAI, UAE, Feb. 22, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, extends its heartfelt thanks to the global crypto community for the overwhelming support received in the wake of a recent security incident. This unprecedented show of solidarity has not only reinforced Bybit’s resilience but has also laid the foundation for stronger industry-wide measures to counter and prevent future hacking incidents. From institutional liquidity providers to leading blockchain security firms, the swift and coordinated response has exemplified the strength of the Web3 community.

A United Front Against Threats

As soon as the incident was detected, Bybit’s security team took immediate action—locking down systems, securing funds, and collaborating with top cybersecurity experts. The exchange received overwhelming support from key players across the industry, all working together to track, contain, and mitigate the impact of the exploit.

Ben Zhou, Co-Founder and CEO of Bybit, expressed his gratitude:

“It’s been a challenging period for Bybit, but one thing is clear—our partners have our backs. The support from Antalpha Global, Bitget, Pionex, MEXC, SoSoValue, Galaxy Digital, FalconX, Lido Finance, Solana Foundation, Ton Foundation, Ghaf Capital, Fenbushi, Bitvavocom, Tether and many others has been nothing short of incredible. Your trust, quick action, and solidarity mean everything. We’re moving forward, stronger and more determined than ever. Thank you for standing with us.”

Industry Leaders Take Immediate Action

Several major players in both DeFi and CeFi swiftly mobilized to prevent further movement of stolen funds and uphold market stability:

• Orbiter, deBridge, SynFutures, MYX, Thruster and Owlto blacklisted exploit-related addresses, preventing unauthorized transfers.
  
• Chainalysis rapidly tracked and published the exploiter’s wallet addresses, enabling a coordinated industry-wide response.
  
• SIS cross-chain bridge stepped up to block associated addresses, restricting the attacker’s ability to launder assets.
  
• Zero Shadows activated its 24/7/365 Global Response team, collaborating closely on Bad Actor Tracing and Identification, Funds Tracing, and Law Enforcement Communications to support the investigation and recovery efforts.
  
• Institutional clients, including TMSI, Bayside trading, Mathrix, Wintermute, Cumberland, GSR Markets, maintained their trading positions, reinforcing stability amid uncertainty.

“Their trust in us, despite the circumstances, speaks volumes about the maturity and resilience of this industry,” Ben added. “It shows a defining moment that proves crypto’s strongest players stand together when it matters most.”

A Community That Stands Together

Bybit also acknowledged the unwavering support from its VIP clients, traders, and broader user base. Messages of encouragement and patience from the community have been instrumental as the exchange works around the clock to enhance security measures and safeguard funds.

“While this has been a difficult moment, it is also a powerful reminder of why we are here—to build an open, resilient, and decentralized financial future,” Ben said. “The real work has just started, and with this level of unity in this space, we know we’ll come back even stronger.”

Bybit remains committed to transparency and will continue to provide updates as it implements additional security enhancements. The exchange is working closely with industry leaders to set new standards for crisis management, ensuring the safety and trust of its users while strengthening the broader industry’s defenses against future threats.

#Bybit / #TheCryptoArk

//ENDS

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 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 updates, please follow: Bybit’s Communities and Social Media

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HONG KONG, Feb. 22, 2025 /CNW/ — CoinW, a leading global cryptocurrency trading platform, proudly announces the listing of Pi Network (PI) perpetual futures, becoming the first major exchange to offer PI perpetual futures with the highest leverage in the market. The listing goes live on February 20, 2025, at 16:00 (UTC+8), coinciding with Pi Network’s highly anticipated mainnet launch. To celebrate this milestone, CoinW is introducing an exciting campaign with cashback rewards, trading competitions, and exclusive bonuses, featuring a total prize pool of 43,000 USDT.

Pi Network: A Game-Changer with Unprecedented Growth

Since its launch in 2019 by Stanford alumni Nicolas Kokkalis and Chengdiao Fan, Pi Network has grown into a global community of over 18 million KYC-verified users. Its innovative mobile-mining model and user-friendly consensus mechanism—based on the Stellar Consensus Protocol (SCP)—have democratized access to cryptocurrency. With 8 million users already migrated to the closed mainnet, the open mainnet is set to launch on February 20, 2025. Industry analysts expect this milestone to significantly influence PI’s market performance as it becomes accessible to the broader crypto trading ecosystem.

CoinW Leads the Charge with Exclusive Perks

As the first exchange to launch PI perpetual futures, CoinW is setting a new industry standard by offering the highest leverage available. This strategic move aligns with Pi Network’s vast, community-driven growth, providing traders with unique opportunities to capitalize on the anticipated market momentum.

Campaign Duration: February 20, 2025 – March 7, 2025 (UTC+8)

CoinW users can automatically participate in this campaign by trading PI spot or futures and unlocking rewards through four exciting sub-events.

Sub-event 1: New User Exclusive Gifts – Instant Rewards for First Trades

New users who register and trade PI for the first time during the campaign period will enjoy special welcome bonuses:

• Spot Trading Bonus: First-time PI spot traders with a trading volume of at least 50 USDT will receive 10 USDT in futures bonus.
• Futures Trading Bonus: First-time PI futures traders with a trading volume of at least 300 USDT will receive 10 USDT in futures bonus.
• Extra Super Bonus: New users who registered after February 13, 2025, and trade PI futures will receive an additional 10-200 USDT in futures bonus.
  • Total prize pool: 10,000 USDT – first come, first served!

Sub-event 2: Trading Leaderboard – Compete for Top Rewards!

During the campaign, users who trade PI will be ranked based on their total trading volume, with the top traders earning significant USDT rewards:

Spot Trading Leaderboard Rewards:

• 1st place: 1,000 USDT in PI (Minimum 100,000 USDT trading volume)
• 2nd place: 600 USDT in PI (Minimum 80,000 USDT trading volume)
• 3rd place: 400 USDT in PI (Minimum 50,000 USDT trading volume)
• Ranks 4-100: Share 6,000 USDT in PI proportionally based on trading volume

Futures Trading Leaderboard Rewards:

• 1st place: 1,000 USDT in PI (Minimum 6,000,000 USDT trading volume)
• 2nd place: 600 USDT in PI (Minimum 3,000,000 USDT trading volume)
• 3rd place: 400 USDT in PI (Minimum 2,000,000 USDT trading volume)
• Ranks 4-100: Share 8,000 USDT in PI proportionally based on trading volume

Sub-event 3: Cashback Airdrop – Get Rewarded for Buying High!

To boost trading momentum, CoinW is introducing an exclusive cashback airdrop! The top 10 highest buy orders during the campaign will receive a 10% cashback airdrop, with 5,000 USDT maximum.

Sub-event 4: Invite Friends and Earn Together!

CoinW believes in rewarding its community. Simply invite new users to trade PI, and both you and your referrals will earn rewards:

• Invite a new user who completes at least 100 USDT in spot trading or 300 USDT in futures trading, and both users will receive 3 USDT in PI rewards.
• Total prize pool: 10,000 USDT in PI!

About CoinW

CoinW is a globally recognized cryptocurrency exchange known for its secure, user-friendly platform and innovative trading products. Operating in over 200 countries and regions, CoinW remains committed to empowering the crypto community with advanced tools and accessible trading experiences.

Website: https://www.coinw.com/

Twitter Official?https://twitter.com/CoinWOfficial

Telegram: https://t.me/coinwoff

YouTube Official: https://www.youtube.com/@CoinWOfficial

Linkedin: https://www.linkedin.com/company/coinwofficial/

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SOURCE CoinW

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Cryptocurrency continues to intrigue investors around the world, with its potential for high returns and a decentralized approach to finance. However, for those just starting their journey in the crypto world, it can be overwhelming to choose which cryptocurrency to invest in. While there are hundreds of different digital coins available, one stands out as the most reliable and respected option for new investors: Bitcoin.

Bitcoin is a Fixed and Respected Cryptocurrency

The primary reason why Bitcoin (BTC) is a great option for new crypto investors is its status as the original and most trusted cryptocurrency. Introduced in 2009 by the mysterious figure Satoshi Nakamoto, Bitcoin was the first digital currency to operate on a decentralized network. Today, Bitcoin remains one of the most stable and well-respected cryptocurrencies.

What sets Bitcoin apart from other digital currencies is its fixed supply. Unlike fiat currencies like the U.S. dollar, which are printed by governments and subject to inflation, Bitcoin is limited to just 21 million coins. John Haar, managing director at Swan Bitcoin, explains that owning Bitcoin means holding a portion of this finite supply, offering a sense of security not found in other assets.

Bitcoin’s Market Cap: The Largest in Cryptocurrency

As the first and largest cryptocurrency, Bitcoin has established dominance in the market. With a market cap of approximately $1.9 trillion, Bitcoin is significantly larger than its closest competitor, Ethereum (ETH), which has a market cap of around $320 billion. This massive market cap not only reflects Bitcoin’s popularity but also its position as the leader in the cryptocurrency space.

Given Bitcoin’s size and prominence, it provides a level of security and stability that newer and smaller cryptocurrencies often cannot. For new investors looking to get into crypto, Bitcoin’s established presence makes it a safer and more reliable choice.

Numerous Ways to Invest in Bitcoin

While purchasing an entire Bitcoin at its current price may be out of reach for many investors, there are various ways to get involved in Bitcoin investment. Investors can gain exposure to Bitcoin by investing in cryptocurrency exchange-traded funds (ETFs), blockchain technology, or publicly traded Bitcoin mining companies that validate transactions on the Bitcoin network.

Additionally, investors can choose to purchase smaller portions of Bitcoin, known as “satoshis,” which allow for more flexibility and lower entry points. As Haar suggests, starting small with Bitcoin and gradually increasing your investment as you gain confidence is a smart approach for newcomers.

The Growth Potential of Bitcoin

Despite Bitcoin’s already massive market cap, many experts believe the cryptocurrency still has significant growth potential. As more individuals and institutional investors become comfortable with the idea of digital currency, the demand for Bitcoin is expected to increase. Haar predicts that by 2030, Bitcoin could match the market cap of gold, which is valued at around $10 trillion.

For new investors, this growth potential represents an exciting opportunity to get in on the ground floor of what could be a transformative asset in the coming years. While Bitcoin’s price has seen volatility, its long-term trajectory remains positive, making it a solid option for those looking to invest in the future of finance.

Caution is Still Key in Bitcoin Investment

Even though Bitcoin offers promising growth prospects, it is essential for new investors to approach their investments with caution. Haar recommends that investors start by allocating no more than 5% of their liquid net worth to Bitcoin. This ensures that even if the market experiences short-term fluctuations, the overall impact on an investor’s portfolio remains minimal.

Investors should also take the time to educate themselves about Bitcoin, the blockchain, and the broader cryptocurrency market. By researching through books, podcasts, and other resources, new investors can make more informed decisions and understand the risks and rewards involved in Bitcoin investment.

Conclusion: Bitcoin Investment for New Crypto Investors

Bitcoin offers new crypto investors an opportunity to tap into the future of digital finance. With its fixed supply, large market cap, and growth potential, Bitcoin stands as the most trusted and stable cryptocurrency for those starting out in the space. While caution and education are key, Bitcoin remains the top choice for those looking to build a long-term position in the crypto market.

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Coinbase (NASDAQ:COIN) recently received positive news when the U.S. Securities and Exchange Commission (SEC) decided to abandon its enforcement case against the crypto firm. Coinbase’s CEO, Brian Armstrong, hailed the news as a “huge day” for cryptocurrency enthusiasts, expressing hopes that this change signals a more crypto-friendly regulatory environment in the U.S. under the new administration of President Donald Trump. Armstrong believes that the dismissal of these cases could create a “domino effect” that benefits the broader crypto industry in 2025 and beyond.

Despite the optimistic update, Coinbase stock saw a dip, dropping 4.5% on February 21. However, shares have gained 1.4% year-to-date, and analysts are still optimistic about the company’s long-term prospects, given its strong position in the cryptocurrency market.

How High Could COIN Fly in 2025?

Although the market’s initial reaction to the SEC news was less than expected, it may actually represent a buying opportunity for investors looking at the long-term growth potential of COIN stock. Recently, Oppenheimer raised its price target for Coinbase to $388, with analyst Owen Lau remaining bullish on COIN due to the company’s continued market share growth in crypto spot trading.

In a recent report, Lau noted that Coinbase now holds 67% of the crypto spot trading market, up from 64% just a few months ago. This dominance in the market places the company in an advantageous position as the crypto industry continues to grow, especially with Bitcoin (BTCUSD) hitting new milestones. Furthermore, Coinbase’s strategy of diversifying its business model is seen as a key driver of future growth, which could push the stock even higher.

Coinbase’s Strong Financials and Growth Potential

Coinbase has posted solid financial results recently, including a 130% year-over-year increase in its revenue for Q4, reaching $2.3 billion. This surge in revenue was driven by Bitcoin’s rally past $100,000, following the victory of President Donald Trump in the 2024 election. Analysts are optimistic that the momentum behind Bitcoin will continue into 2025, which could boost Coinbase’s earnings even further. Oppenheimer forecasts a 30% year-over-year growth in COIN’s earnings for the current quarter, with an even more impressive 69% increase expected in Q2.

As Coinbase continues to scale its operations and expand its reach, the company is well-positioned to capitalize on the growing demand for cryptocurrency trading and blockchain services. If the company successfully diversifies its revenue streams, investors could see significant upside potential in the stock.

The Bottom Line on COIN: Buy, Sell, or Hold?

Given the news that the SEC is stepping back from its enforcement case against Coinbase, the company’s strong Q4 performance, and its increasing market dominance, the outlook for COIN remains favorable. While the stock may have experienced a brief dip, the overall growth trajectory for Coinbase is positive, especially as the crypto market continues to evolve.

With analysts predicting further revenue growth, particularly from Bitcoin’s expected upward trend in 2025, Coinbase’s stock could provide significant long-term returns. If you’re looking to invest in a leading cryptocurrency firm with strong market share and a solid financial outlook, Coinbase (NASDAQ:COIN) is worth considering as a potential buy. However, for those cautious about short-term volatility, holding the stock while waiting for more clarity on market conditions may also be a prudent strategy.

For investors looking to capitalize on the long-term growth potential of cryptocurrency, COIN offers a compelling opportunity. As the industry continues to evolve and the company strengthens its market share, the stock could see significant gains. Whether you’re considering buying, holding, or selling, keeping an eye on Coinbase’s progress in 2025 will be key to making informed decisions.

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DUBAI, UAE, Feb. 20, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce 10,000 USDT in bonuses for P2P traders looking to up their games in 2025 in the Bybit P2P Block Trade Giveaway. The event starts today until Mar. 28, 2025 and offers three winning tracks for block traders and merchants to unlock the total prize pool. From Feb. 17 to 21, 2025, Bybit P2P has also been hosting interactive AMAs across regions, helping interested users get ahead of the curve with Bybit P2P’s features, bonus schemes, and the latest trends in P2P.

Throughout the week of Feb. 17, a series of virtual AMA workshops has offered an in-depth look into P2P trading, market and product insights, and local offers and platform highlights. During the interactive AMAs, users get to learn more about how to make the most of Bybit P2P’s benefits and standout features, as well as the opportunity to win up to 60 USDT for eligible live participants. The next one is scheduled for 10:00PM UTC on Feb. 20, 2025 for the LATAM community on Youtube.

Bybit P2P block trading allows two parties to privately buy or sell larger amounts of digital assets on Bybit’s ultra user-friendly interface. Leveraging Bybit’s robust platform function and matching engine, the service spares users the need to place regular orders, reducing slippage risks and often comes with lower fees. Exclusive on Bybit P2P, eligible users may sign up for the event to qualify for one of the three prize pools on a first-come, first serve basis from now until Mar. 28, 2025:

1. New Users Exclusive: First-time block traders may share in a 3,500 USDT prize pool. With a 175 USDT bonus for the lucky winners, the potential rewards spells an auspicious start of their block trading journey.
2. For All Users: The first 35 users to execute a block trading order at at least 20,000 USDT will receive a 100 USDT bonus. Block merchants are not eligible for this perk.
3. Block Merchants Exclusive: Another 150 USDT bonus is reserved for each of the first 20 block merchants who fulfil at least 50,000 USDT in trading volume.

“Stakes can be high in a dynamic market and a maturing P2P ecosystem, and Bybit is here to support our customers, no matter their ticket size. We want to craft a trading experience that is both rewarding and frictionless for our P2P traders,” said Joan Han, Sales and Marketing Director at Bybit. 

Bybit offers an open marketplace ripe with earning opportunities and potential rewards for users holding diverse crypto assets. With competitive trading limits from 10,000 to 200,000 USDT in a single order, Bybit P2P Block Trade is a trusted avenue, effectively bridging a gap in the market for users leveling up their P2P trading strategies. Users may find out more about the entry requirements for Bybit P2P Block Trading, and stay tuned to Bybit’s official channels for details about the upcoming AMAs.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 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

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

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