Bybit Joins Market Trends and Bets on Solana's Success With the Launch of bbSOL, an Innovative Liquid Staking Token (LST)

To further promote Web3’s vision of an open, simple, and fair future, BybitWeb3 announced a partnership with KaminoFinance, one of the fastest-growing decentralized finance (DeFi) protocols in Solana (SOL). BybitWeb3’s mission is to build a decentralized ecosystem featuring accessibility and collaboration. Our partnership with KaminoFinance represents BybitWeb3 users’ opportunity to explore and participate in the development of the Solana ecosystem. Bybit users will benefit from Solana’s leading DeFi app KaminoFinance, renowned for its liquidity, leverage and lending services

Bybit has announced the launch of bbSOL, an innovative Liquid Staking Token (LST) on the Solana blockchain, marking the first LST developed by a centralized exchange on this network.

Bybit has launched bbSOL, the world's first exchange-backed liquidity staking token on the Solana blockchain. BbSOL allows users to stake their Solana (SOL) on Bybit's Web3 platform in exchange for bbSOL tokens.

A new report analyzing the performance of tokens across multiple cryptocurrency exchanges has uncovered data that suggests Bybit is the top competitor for Day 1 price surges.

Bybit, the second-largest cryptocurrency exchange by trading volume, will be listing the $DOGS token on its Spot trading platform on August 26, 2024, at 12:00 UTC.

Bybit, the world's three largest cryptocurrency exchange, announced that BybitWeb3 will be the first to launch the BTCLayer2 quarterly event. The airdrop event organized in cooperation with MerlinChain will issue $MERL airdrop rewards worth a total of $100,000. Bybit co-founder and CEO Ben Zhou said they are pleased to collaborate with MerlinChain, a key player in the emerging Layer 2 space. This airdrop provides users with an excellent opportunity to explore the potential of BTCLayer2 and adds strength to this thriving ecosystem. A wonderful event will be held from 10 am on March 18, 2024 to 10 am on April 18, 2024 (UTC)

The hacker attack on Bybit exchange continues to ferment, and the attackers' money laundering methods have attracted widespread attention from the cryptocurrency community. According to Solscan data, hackers are suspected of issuing Meme coins through the pump.fun platform to launder money, issuing Meme coins named "QinShihuang". The transaction volume has exceeded US$26 million, the market value has reached US$2.2 million, but the liquidity is only US$200,000. Bybit hackers used Pump.fun to issue Meme coins to launder money, but still hold huge ETH analysis shows that the hackers transferred about 60SOL to a specific address and then issued the "QinShihuang" Meme coins. pump.fun platform has been removed with LazarusGroup possible

Detailed explanation of Bybit's fund rate: Arbitrage strategy and risk warning This article will explore in-depth the fund rate mechanism of Bybit's perpetual contract, including its calculation method, influencing factors, and how to use the fund rate for arbitrage. What is the capital rate? The funding rate of Bybit perpetual contract is a mechanism used to balance the difference between contract prices and spot prices. When the positions of long and short parties are seriously unbalanced, the party with a larger position needs to pay the capital rate to the other party. Simply put: positive capital rate: If the long party holds too much, the short party needs to pay the fee. Negative capital rate: The short seller has too many positions and needs to pay the long seller. This is like a kind of "interest", guiding the market to restore balance. Fund rate settlement frequency: Bybit Fund rate pass