BitcoinWorld ETH Withdrawal: Astounding $15.65M Moves from Binance to Lido Staking An extraordinary ETH withdrawal recently made headlines, signaling a potentially strategic move within the decentralized finance (DeFi) ecosystem. A newly created wallet initiated a substantial transaction, pulling 4,000 ETH—worth an astonishing $15.65 million—directly from the Binance exchange. This significant movement of Ethereum funds is not just a transfer; it strongly suggests an intention to engage in Lido staking , according to insights from OnChain Lens on X. This event immediately captured the attention of market observers. Such a large-scale withdrawal from a major centralized exchange like Binance often precedes significant activity in the DeFi space, particularly in the realm of crypto staking . It highlights the ongoing shift of substantial capital towards decentralized protocols that offer yield opportunities. Why is This ETH Withdrawal Likely Headed for Lido Staking? The immediate speculation surrounding this massive ETH withdrawal points towards Lido, a leading liquid staking platform. But why Lido? Lido Finance allows users to stake their Ethereum (ETH) without locking up their assets or maintaining staking infrastructure. Instead, users receive stETH, a liquid token representing their staked ETH, which they can then use in other DeFi protocols. This flexibility makes Lido staking an attractive option for large holders. They can earn staking rewards while maintaining liquidity, which is crucial for managing significant Ethereum funds . The decision to move such a large sum from Binance directly to a staking solution like Lido underscores a growing confidence in decentralized staking mechanisms over traditional exchange-based holdings. Moreover, current market conditions often incentivize investors to seek yield. Staking offers a way to generate passive income on dormant assets. For a whale-sized transaction involving millions of dollars, optimizing returns is paramount. What Does This Mean for the Crypto Staking Landscape? This considerable movement of Ethereum funds has broader implications for the entire crypto staking ecosystem. It demonstrates a continued appetite for staking even amidst market fluctuations. Large institutional or high-net-worth individual interest in decentralized staking platforms like Lido can significantly impact network security and liquidity. Consider these key takeaways: Increased Decentralization: While funds originate from a centralized exchange, their move to a decentralized staking protocol contributes to the decentralization of Ethereum’s consensus layer. Market Confidence: A multi-million dollar commitment to Lido staking signals robust confidence in Ethereum’s long-term viability and its proof-of-stake mechanism. Yield Seeking Behavior: It reinforces the trend of market participants actively seeking yield opportunities through staking, moving beyond simple holding. This trend is vital for the health and growth of the blockchain. As more Ethereum funds participate in staking, the network becomes more secure and resilient. Are There Any Challenges with Such Large Ethereum Funds Movements? While the move to Lido staking offers benefits, it also presents considerations. Managing such a large sum requires careful risk assessment, especially concerning smart contract security and potential de-pegging events for liquid staking tokens like stETH. The very nature of a substantial ETH withdrawal means any unforeseen issues could have a significant impact. However, the general sentiment remains positive. The continued flow of capital from exchanges like Binance into liquid staking protocols suggests a maturing market where participants are becoming more sophisticated in their investment strategies. This particular ETH withdrawal could be a precursor to more such movements as the market seeks efficient ways to generate returns on substantial digital asset holdings. Looking ahead, the future of crypto staking appears robust. Platforms like Lido will likely continue to innovate, offering more integrated solutions for users to manage their staked assets. This evolving landscape promises exciting developments for those looking to participate in the growth of decentralized finance. Summary: The Impact of This ETH Withdrawal The recent ETH withdrawal of $15.65 million from Binance , likely destined for Lido staking , is a powerful indicator of current market trends. It highlights the growing preference for decentralized yield generation and underscores confidence in Ethereum’s future. This significant movement of Ethereum funds not only impacts liquidity but also reinforces the crucial role of crypto staking in securing and decentralizing the network. As the DeFi space evolves, such strategic capital allocations will continue to shape its trajectory, offering both opportunities and challenges for participants. Frequently Asked Questions (FAQs) Q1: What is Lido Staking? Lido Staking is a liquid staking protocol that allows users to stake their Ethereum (ETH) and receive stETH tokens in return. These stETH tokens represent their staked ETH plus accumulated rewards, and they remain liquid, meaning users can use them in other DeFi applications while still earning staking rewards. Q2: Why did the wallet withdraw funds from Binance instead of staking directly on the exchange? While exchanges like Binance offer staking services, using a decentralized protocol like Lido provides more control over assets and often allows for greater flexibility, such as using liquid staking tokens (stETH) in other DeFi protocols. This appeals to users seeking both yield and liquidity. Q3: How much ETH was involved in this withdrawal? The newly generated wallet withdrew 4,000 ETH, which was valued at approximately $15.65 million at the time of the transaction. Q4: What are the main benefits of liquid staking compared to traditional staking? The primary benefit of liquid staking is maintaining liquidity. Unlike traditional staking where assets are locked, liquid staking provides a derivative token (like stETH) that can be traded or used in other DeFi applications, offering flexibility while still earning staking rewards. Q5: Does this large ETH withdrawal affect Ethereum’s price? While a single large withdrawal might not directly cause a significant price movement, it signals strong institutional or whale confidence in Ethereum and its staking ecosystem. This can contribute to positive market sentiment over time. Did you find this analysis insightful? Share this article with your network and help spread awareness about the evolving dynamics of crypto staking and significant Ethereum funds movements! To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum institutional adoption. This post ETH Withdrawal: Astounding $15.65M Moves from Binance to Lido Staking first appeared on BitcoinWorld and is written by Editorial Team
Ukraine announces new approach to digital assets, limiting legal recognition. Cryptocurrencies are acknowledged but won't serve as an official payment tool. Continue Reading: Ukraine Sets New Boundaries for Cryptocurrency Recognition The post Ukraine Sets New Boundaries for Cryptocurrency Recognition appeared first on COINTURK NEWS .
BitcoinWorld TeraWulf Bitcoin Mining: Q2 Results Reveal Strategic Shifts The world of cryptocurrency is always buzzing, and the latest news from TeraWulf, a prominent player in the digital asset space, has caught the attention of many. This leading Bitcoin miner recently unveiled its Q2 performance, providing crucial insights into the evolving landscape of TeraWulf Bitcoin mining . Let’s dive into the details of their latest financial disclosures and what they mean for the broader market. What Do TeraWulf’s Q2 Results Reveal? TeraWulf (NASDAQ: WULF) reported its second-quarter earnings, showcasing a significant period for the company. According to a Globe Newswire press release, the firm generated a revenue of $47.6 million during Q2. More specifically, TeraWulf mined 485 BTC in the second quarter. This figure, while substantial, marks a decrease compared to the 699 BTC mined in the same period a year earlier. These TeraWulf Q2 results offer a clear snapshot of their operational output. Understanding these numbers is key to grasping the dynamics within the competitive Bitcoin mining operations sector. It’s not just about the total mined, but also the efficiency and cost-effectiveness of these operations. Navigating the Evolving Bitcoin Mining Operations Landscape The environment for Bitcoin miners is constantly shifting. Factors like Bitcoin’s price volatility, energy costs, and network difficulty play a huge role in profitability. TeraWulf, like other large-scale miners, must strategically adapt. Their focus on building out infrastructure and securing competitive power sources remains vital. Efficient Bitcoin mining operations are crucial for long-term success, especially as the network’s difficulty adjusts. This adjustment means more computing power is needed to mine the same amount of Bitcoin. Companies in this space are always seeking an edge, whether through advanced hardware or optimized energy solutions. This continuous pursuit of efficiency defines the modern crypto mining landscape. Analyzing WULF Stock Performance and Future Outlook For investors, TeraWulf’s performance directly impacts WULF stock . The Q2 report provides a basis for evaluating the company’s financial health and future potential. It helps stakeholders understand the company’s trajectory. Market reactions to mining reports can be swift, reflecting investor confidence in the company’s ability to navigate market challenges. Observing trends in mined Bitcoin and revenue is essential for those tracking WULF’s trajectory. Looking ahead, TeraWulf’s strategy will likely involve continued expansion of its mining capacity and optimization of its energy mix. These moves are critical for sustaining growth and improving shareholder value. Key Insights for the Crypto Mining Industry TeraWulf’s report offers valuable lessons for the entire crypto mining industry . It underscores the importance of operational resilience and strategic planning in a volatile market. The industry continues to mature, with a growing emphasis on sustainable practices and efficient infrastructure. Companies that can adapt quickly to changing market conditions and technological advancements are best positioned for success. Key takeaways from TeraWulf’s Q2 include: Revenue Stability: Despite lower BTC mined, revenue remained strong. Operational Focus: Emphasis on efficiency and infrastructure development. Market Adaptation: The need for miners to continuously adjust to market shifts. This includes leveraging renewable energy sources and optimizing mining efficiency to maintain profitability. The broader trend indicates a move towards more institutionalized and professionalized mining efforts. In conclusion, TeraWulf’s Q2 performance provides a transparent look at their journey as a significant Bitcoin miner. While the volume of mined BTC saw a year-over-year decrease, their substantial revenue of $47.6 million highlights their ongoing operational capacity and strategic positioning within the dynamic digital asset space. As the crypto mining industry evolves, TeraWulf’s focus on efficient and sustainable practices will be paramount for its continued success and impact on the broader Bitcoin ecosystem. Frequently Asked Questions (FAQs) Q1: What were TeraWulf’s key Q2 2023 financial highlights? A1: In the second quarter of 2023, TeraWulf reported a revenue of $47.6 million. This figure reflects their strong operational performance within the Bitcoin mining operations sector. Q2: How much Bitcoin did TeraWulf mine in Q2 2023 compared to the previous year? A2: TeraWulf mined 485 BTC in Q2 2023. This was a decrease from the 699 BTC mined in the second quarter of the previous year. Q3: What factors influence Bitcoin mining profitability? A3: Bitcoin mining profitability is influenced by several factors, including the price of Bitcoin, the cost of energy, the network’s mining difficulty, and the efficiency of the mining hardware used. Q4: How does TeraWulf’s performance impact WULF stock? A4: TeraWulf’s operational and financial performance, including its Q2 results, directly influences investor sentiment and the trading of WULF stock . Strong revenue and efficient operations can positively impact its market valuation. Q5: What is the broader trend in the crypto mining industry? A5: The broader crypto mining industry is moving towards greater efficiency, sustainability, and institutionalization. There’s a growing emphasis on leveraging renewable energy sources and optimizing infrastructure to remain competitive. Did you find this deep dive into TeraWulf’s Q2 performance insightful? Share this article with your network on social media to keep others informed about the latest developments in the crypto mining space! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post TeraWulf Bitcoin Mining: Q2 Results Reveal Strategic Shifts first appeared on BitcoinWorld and is written by Editorial Team
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Oops, he did it again: President Donald Trump’s latest executive order could mark one of the biggest steps yet toward mainstream crypto adoption. His most recent executive order allows ‘401(k) investors to access alternative assets for better returns and diversification.’ Put more plainly, US citizens may now include cryptocurrencies such as Bitcoin and Ethereum in their 401(k) retirement accounts. It’s an opening that analysts say could channel billions of dollars into the crypto market. Billions of dollars flowing into crypto will lift more than just Bitcoin and Ethereum: read on for a shortlist of the best crypto to buy as the market adjusts. Trump Pushes Crypto Through Executive Orders Trump loves executive orders; he’s issued 183 total . Of those, four are crypto-related – and while that doesn’t seem like much, they’ve been hugely important. STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY : Revoked Biden-era policies and set out policies to ‘promote United States leadership in digital assets and financial technology while protecting economic liberty.’ ESTABLISHMENT OF THE STRATEGIC BITCOIN RESERVE AND UNITED STATES DIGITAL ASSET STOCKPILE Does exactly what it says on the tin – creates the long-awaited US Bitcoin Reserve. GUARANTEEING FAIR BANKING FOR ALL AMERICANS Prevents ‘debanking,’ where banks purposefully block crypto-related companies and individuals from access to traditional finance. DEMOCRATIZING ACCESS TO ALTERNATIVE ASSETS FOR 401(K) INVESTORS Expands access to ‘alternative assets’ – including crypto – for the 90M+ US citizens with 401(k) retirement accounts. Unlike some of Trump’s other executive orders, each of the crypto-related ones draws on long-running trends or ideas that Trump has been mulling over for years. The Bitcoin Reserve EO serves as an excellent example. Ever since Michael Saylor’s (Micro)Strategy began buying Bitcoin in 2020, the idea of strategic Bitcoin reserves as a store of value has spread like wildfire. Trump adopted it on a national level, clearing the way for other countries and multiple states to adopt the idea. The most recent EO, related to 401(k) funds and crypto, follows the same path. As the order states: During my first term, my Administration issued a 2020 information letter, recognizing that prudent Federal action could encourage the proliferation of investment strategies under which a portion of retirement plan participants’ interests are allocated to alternative assets, as is the case for institutional investors. —US President Donald Trump, Democratizing Access to Alternative Assets for 401(k) Investors It goes to show that Trump’s approach to crypto isn’t to swing wildly; he’s using executive orders as part of building out a broader, more comprehensive regulatory framework. A Regulatory Shift Toward Digital Assets The order also brings crypto into the same category as more traditional alternative assets like private equity and real estate. With over $8.7T held in American 401(k) accounts, even modest allocations could represent a massive capital inflow into the digital asset ecosystem. According to Tom Dunleavy, Head of Venture at Varys Capital , a mere 5% allocation of regular paycheck contributions into crypto could translate into billions of dollars in new demand. The market appeared to agree. Bitcoin and Ethereum prices both jumped on the news, with altcoins like Solana and XRP also posting strong gains. In fact, the top ten cryptos by market cap were all posting 24-hour gains at the time of writing. Traders view the move as a sign that crypto could soon see a stable and predictable stream of institutional-grade capital. Market Implications Beyond Bitcoin The new executive order could spur the development of new financial products tailored for retirement accounts. These could include crypto index funds, blockchain ETFs, and diversified digital asset portfolios, all making it easier for ordinary investors to gain exposure without navigating complex exchanges or wallets. The order also signals the deeper integration of digital assets into the US financial system and spurs broader access to alternative investments. For crypto advocates, it represents a significant milestone on the path toward mass adoption. While the fine print of how crypto will be implemented in 401(k) plans remains to be seen, the move is already reshaping market sentiment. By opening a multi-trillion-dollar retirement industry to digital assets, Trump’s executive order could set the stage for a new era in both investing and retirement planning. With that much money flowing into crypto , many will ask, What is the best crypto to buy right now? We’ve got a roundup of some of today’s hottest tokens. 1. Bitcoin Hyper ($HYPER) – Fastest-Ever Layer 2 Provides the Upgrade Bitcoin Needs Bitcoin Hyper ($HYPER) does what Bitcoin wants to do – become fully integrated with the broader DeFi economy. No more snail-pace transactions, no more complicated bridges to get Bitcoin somewhere useful for yield generation. Instead, $HYPER provides a powered-up Layer 2 that deploys Bitcoin through Bitcoin Hyper’s Canonical Bridge, processing transactions off-chain while maintaining Bitcoin’s security guarantees. The Bitcoin Relay Program on the Solana Virtual Machine (SVM) allows investors to seamlessly move Bitcoin from the original layer to the Hyper Layer 2 and back again as needed. What is Bitcoin Hyper ? Bitcoin Hyper turns Bitcoin into a programmable, high-speed asset, unlocking use cases like DeFi, NFTs, and real-time payments. It’s like strapping a F! engine onto Bitcoin’s trusted chassis. The full Bitcoin Hyper Layer 2 will be deployed after the token launches, but SVM programs are already running natively on Hyper’s rollup architecture. The presale has amassed over $7.7M so far, with tokens priced at $0.012575. There’s already $HYPER staking – at 138% APY – for investors who buy and stake during the presale. Our price prediction is that the $HYPER token will reach $0.20 by the end of 2026. Visit the Bitcoin Hyper ($HYPER) presale page to get in before the 401(k) bull run goes into overdrive. 2. AAVE ($AAVE) – As TVL Grows, Will Price Follow? AAVE is seeing significant growth in TVL as DeFi rebounds. And at least one analyst sees that as an opportunity. $AAVE, the utility token for the world’s largest liquidity protocol, typically moves in conjunction with TVL. And right now, with everyone from retail investors to institutions looking to boost yield, TVL is on the rise – but $AAVE’s price hasn’t caught up. That could create a major buying opportunity – especially with potentially trillions of 401(k) money flowing in. 3. Snorter Token ($SNORT) – Find Memes, Snipe Meme Tokens with Snorter Bot Some of the best meme coin opportunities never make it to your local CEX. We’re talking about low-cap gems that trade ‘underground’ on Telegram, coins with incredible volatility and incredible potential. Trading these sorts of high-risk, high-reward coins requires time, effort, and advanced technical know-how – not to mention perfect timing. Or you could simply use Snorter Bot! What is Snorter Token ? This coin powers Snorter Bot and gives you access to faster swaps, automated sniping, and even limit orders and copy trading features. It’s all you need to get Snorter Bot on side to sniff out and snipe winning meme coins long before they go parabolic on a CEX. There is significant interest in Snorter’s skillset; the presale has already surpassed the $2.8M mark, with tokens priced at $0.1007. Learn how to buy Snorter Token , or check out the Snorter Token ($SNORT) presale page for more! Executive Order Move Markets Toward Crypto President Trump’s executive order, officially signed on August 7, signals a major policy shift in retirement investing. From now on, alternative assets like crypto, private equity, and real estate can be legally included within 401(k) plans. It opens a regulatory roadmap toward modernization and sets the industry up for a fresh influx of capital. Do your own research before responding to market moves; nothing here constitutes financial advice.
Despite the pullback in the crypto market, Ripple, Cardano, and Unilabs are emerging as the best DeFi coins with massive ROI potential in 2025. The Ripple price is predicted to soar to $7, while Cardano is expected to climb to $1.80. Also, Unilabs (UNIL) , a new rising star, is revolutionizing the DeFi investment space using artificial intelligence. With its strong market momentum and potential impact, Unilabs could deliver huge returns of up to 20x to investors seeking the next best crypto to buy. Ripple (XRP) Price Primed for Major Gains, Says Analyst Crypto King , a market analyst, believes the Ripple price is building momentum for what could be a historic bull run. According to the expert, $XRP has already shown its resilience and long-term potential. After staying in a downtrend from July to November 2024, the Ripple price broke out and surged with a massive 585% return, proving that patience pays off for holders. While the first two quarters of 2025 remained relatively quiet, the Ripple price once again began gaining traction following another key breakout in July. This move alone has already resulted in a 70% increase, even before the broader bull market officially kicks in. Crypto King insists that the real rally is just getting started. He expects the DeFi coin price to rally to $7.00. Meanwhile, technical analysis shows the Ripple price is gaining bullish momentum. The RSI has crossed the midline, and the ADI flashes a buy signal. Data from CoinMarketCap shows the Ripple price has been trading along the $2.80-$3.20 range in the weekly chart. Bulls could break the upper level in the coming weeks with sustained buying pressure and high volume. Ali Martinez Cites Condition For Cardano (ADA) Uptrend In a recent post on X, on-chain analyst Ali_Charts noted that the Cardano price has been trading in a descending channel since the beginning of the year. The Cardano price is currently at the channel's upper part and falling towards the middle. Meanwhile, Ali told his followers that the Cardano price could pump to $1.30 in the coming weeks. The only condition for this uptrend is that bulls must push the DeFi crypto price above the $0.84 resistance. CryptoBullet1 , another analyst, states that the $ADA 3D chart depicts a typical bullish setup. According to the analyst, the Cardano price has successfully broken out of a descending trendline and completed a healthy retest, often preceding a strong upward move. With momentum building, he believes the Cardano price could pump toward $1.80 soon. The Cardano price might confirm a broader reversal pattern if this trend continues. Presently, the Cardano price trades along the $0.70-$0.76 range, per CoinMarketCap . The altcoin price has failed to breach the upper range due to increasing market volatility. Unilabs (UNIL) The AI-Powered Platform That's Revolutionizing Crypto Investment According to research , the AI in the finance industry is expected to reach $190.33 billion in 2030 from $38.36 billion in 2024. This huge growth points to the increasing importance of AI in transforming the way individuals invest. Unilabs (UNIL) , the Solana slayer, seeks to lead this industry with an array of Wall Street-grade tools. The project will provide the users with AI-driven investment funds that will be aimed at offering more innovative and more efficient wealth growth. These investments cut across DeFi, AI-powered crypto projects, mining-backed assets, and tokenized real-world assets (RWAs). Moreover, Unilabs' Early Access Scoring System (EASS) ranks new projects according to their earnings potential. This allows users to know where to invest their funds for optimum profits. The Memecoin Identification Tool is another smart tool from Unilabs. This feature examines market trends, social media hype, and trading volume to identify new memecoins early. It would help users identify tokens with chances to give high ROI. Meanwhile, Unilabs' UNIL coin is at the sixth stage of its blockchain ICO, trading at $0.0097. Crypto Royal , one of the most popular YouTubers in the cryptocurrency industry, is sure that the DeFi token has enormous growth potential because of its excellent timing and its entry into the AI industry. At the moment, the DeFi project has already realized $10.8 million in funds and sold 1.7 billion coins. If low-utility coins like Pepe could soar to a $1 billion market valuation in less than a year, high-utility coins like UNIL have higher growth potential. Top Crypto Coins To Watch Out For In 2025, Ripple, Cardano, and Unilabs will lead the DeFi market, providing investors with the prospect of enormous returns. For individuals who are interested in striking gold in DeFi, these are the best options they might want to consider. Investors looking for low-priced coins can consider Unilabs, the Solana slayer. Find out more about the Unilabs (UNIL) Presale Today: Website: https://unilabs.finance/ Telegram: https://t.me/unilabsofficial Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
DUBAI, UAE, Aug. 8, 2025 /PRNewswire/ -- Bybit , the world's second-largest cryptocurrency exchange by trading volume, has announced another chapter in Web3 infrastructure with the brand new Bybit Web3 . Returning from the hiatus in May this year when the restructuring commenced, Bybit Web3 is back and better on a mission to unlock access for millions of users worldwide. The new edition reimagines the on-chain experience with innovative offerings and a seamless user journey. Barrier-Free Onchain Experience The strategic upgrade adopts a fresh approach to on-chain trading integrating core DeFi functionalities and benefits into Bybit's trading platform, removing the hassle of setting up and managing multiple Web3 wallets and gas tokens. Achieving on-chain trading without complex setup and management of on-chain wallets and gas tokens, Bybit Web3 distills DeFi opportunities into one user-friendly interface. No external wallets, no gas tokens required—with only their Bybit UTA (Unified Trading Account) using USDT, USDC, SOL or bbSOL, users can explore on-chain trading and DeFi activities on Bybit Web3. Bybit users can seamlessly navigate between the centralized exchange and Web3, directly trading the most sought-after on-chain assets include TUNA, PUMP, FRAG, Fartcoin, JLP, RAY, MOODENG, LetsBONK, TSLAx, MSTRx, SPYx, CRCLx and NVDAx on the Solana network. Bybit Web3 Exclusive: Limited-Time Prize Pool From now until September 7, 2025, eligible Bybit Web3 users can unlock a new prize pool of 200,000 USDT in two events: Task-Based Rewards: successful participants will earn Lucky Draw Tickets to unlock a 120,000 USDT prize pool; simple tasks include making the first Web3 trade in any amount. Performance-Based Competition: more confident Web3 traders can compete for top spots in the leaderboards by volume, for a chance to win up to 80,000 USDT. Rewards are distributed on a first come, first served basis. Terms and conditions apply. Bybit Web3 fuses the potential of Web3 and the convenience of the centralized experience, offering users the flexibility and support in an innovative model. With more features such as on-chain and off-chain arbitrage opportunities on the roadmap, getting ahead on-chain has never been easier. #Bybit / #TheCryptoArk / #BybitWeb3 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 Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
BitcoinWorld The New Bybit Web3 is Here–Fueling On-Chain Thrills with $200,000 Up for Grabs DUBAI, UAE, Aug. 8, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, has announced another chapter in Web3 infrastructure with the brand new Bybit Web3 . Returning from the hiatus in May this year when the restructuring commenced, Bybit Web3 is back and better on a mission to unlock access for millions of users worldwide. The new edition reimagines the on-chain experience with innovative offerings and a seamless user journey. Barrier-Free Onchain Experience The strategic upgrade adopts a fresh approach to on-chain trading integrating core DeFi functionalities and benefits into Bybit’s trading platform, removing the hassle of setting up and managing multiple Web3 wallets and gas tokens. Achieving on-chain trading without complex setup and management of on-chain wallets and gas tokens, Bybit Web3 distills DeFi opportunities into one user-friendly interface. No external wallets, no gas tokens required—with only their Bybit UTA (Unified Trading Account) using USDT, USDC, SOL or bbSOL, users can explore on-chain trading and DeFi activities on Bybit Web3. Bybit users can seamlessly navigate between the centralized exchange and Web3, directly trading the most sought-after on-chain assets include TUNA, PUMP, FRAG, Fartcoin, JLP, RAY, MOODENG, LetsBONK, TSLAx, MSTRx, SPYx, CRCLx and NVDAx on the Solana network. Bybit Web3 Exclusive: Limited-Time Prize Pool From now until September 7, 2025, eligible Bybit Web3 users can unlock a new prize pool of 200,000 USDT in two events: Task-Based Rewards: successful participants will earn Lucky Draw Tickets to unlock a 120,000 USDT prize pool ; simple tasks include making the first Web3 trade in any amount. Performance-Based Competition: more confident Web3 traders can compete for top spots in the leaderboards by volume, for a chance to win up to 80,000 USDT . Rewards are distributed on a first come, first served basis. Terms and conditions apply. Bybit Web3 fuses the potential of Web3 and the convenience of the centralized experience, offering users the flexibility and support in an innovative model. With more features such as on-chain and off-chain arbitrage opportunities on the roadmap, getting ahead on-chain has never been easier. #Bybit / #TheCryptoArk / #BybitWeb3 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 Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube This post The New Bybit Web3 is Here–Fueling On-Chain Thrills with $200,000 Up for Grabs first appeared on BitcoinWorld and is written by chainwire
Trump Order Opens 401(k)s to Crypto, Private Equity, and Other Alternatives | SEC Formally Ends Lawsuit Against Ripple After Nearly Five Years | Winklevoss Twins Invest in Trump-Linked Bitcoin Mining Firm
The market is bouncing back from the recent correction late last month, seeing Ripple and Solana back on a swell path. From the rise in institutional demand and market sentiment, analysts say the SOL and XRP prices could be heading to a comfortable 3x. However, as market growth intensifies, Remittix is breaking out another altcoin to keep watch on as analysts project 100x incoming. Let’s break this down one at a time to understand why Solana, Ripple, and Remittix are heading for a swell this year. Why XRP Price Could Do Solid 3x Before December The rise in institutional accumulation and strategic partnership is leading the call for a Ripple price explosion in the second half. The recent GENIUS Act has been a case that analysts have continued to talk about in favour of Ripple in the last few days. According to top analysts’ opinion, the act could fuel an XRP price breakout as big tech slows down its stablecoin project. This is as the Ripple’s RippleNet project continues to meet rising adoption from the banking scene. Different local and central banks are now exploring the RippleNet project for CBDC adoption. Furthermore, interest is mounting on a potential $10 target for the XRP price as whale accumulation grows in the last few days. Whale accumulation has seen more than 20 million Ripple coins bought recently, boosting interest and confidence in the XRP price. Solana Retest Support For 3x Surge Several factors are now hinting at a possible 3x increase in the SOL price before December. Topping this list is the technical setup, which shows Solana returning to a support zone that could see it do 3x this year. According to the analysis, Solana’s price returning to claim a support above $170 shows ongoing demand, which is fueling a prediction of up to $600 from the current level. However, while the technicals show the effect of demand pressure, fundamental factors like a firedancer upgrade could see a spike in inflow. Moreover, the Solana ETF is already gaining steam, with analysts tipping that the SOL price will explode later this year as inflows spike. Also, as Solana moves towards becoming the top smart contract platform, analysts speculate the SOL price could hit $500 to $600 this year. Why Remittix Could Outperform Solana and Ripple This Year Remittix has been gaining investors’ attention over the last few weeks, with analysts consistently highlighting a potential 100x breakout. This is due to a utility that analysts believe is moving towards reshaping crypto adoption. Remittix utility design focuses on delivering fast cross-border payments using crypto to fiat payments into bank accounts. By effect, Remittix is projected to improve crypto adoption globally as it is an integral part of everyday spending. However, as the Remittix use case becomes a focus, driving interest, here are some additional factors experts believe 100x might be in place on breakout: Cross-platform support that completely decentralises the payment sector, giving crypto users complete control. Security-driven architecture that safeguards investors’ funds and future growth Native wallet that plays an all-in-one role of low-fee crypto-to-fiat conversion and seamless transfer As Remittix sets to power the future of crypto payments, now is the best time to invest as the price heads towards a breakout from $0.08. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway