News linked to both this project and an event.
According to BeInCrypto, CryptoQuant data shows that centralized exchange stablecoin reserves fell from a high of about $80 billion at the end of 2025 to about $64 billion, shrinking by about $16 billion (about 20%). Among them, Binance showed relative resilience, with its stablecoin share rising from just over 60% to 68.5%, while platforms such as Coinbase, Bybit, and OKX saw more significant reductions. Meanwhile, on-chain analysis platform Santiment detected that pessimistic sentiments such as "crypto is dead" on X and Reddit continued to intensify, with the Crypto Fear & Greed Index currently at 46, still in the fear zone. The total stablecoin supply also fell from a high of nearly $316 billion in May to $300.89 billion, but the decline was far lower than on the exchange side, indicating that some liquidity may have shifted on-chain rather than exiting completely.
During the event, users who register and trade Bybit Wealth Management Dual Investment products can compete on the leaderboard for generous rewards. Users whose trading volume reaches the "Whale Threshold" can also unlock extra "Critical Hit Rewards," up to 2,500 USDT.
Odaily News: According to Onchain Lens monitoring, the Trump-backed World Liberty Financial team wallet (0xE853...D5743) transferred 39 million WLFI tokens, worth $2.33 million, to Bybit after a 30-day pause. The wallet had received the same amount of WLFI from the WLFI treasury two days prior.
Odaily News, according to Lookonchain monitoring, a wallet address associated with Monetalis transferred 3.72 million UNI to multiple cryptocurrency exchanges via Cumberland within the past 24 hours, valued at approximately $13 million. The transfer involved multiple trading platforms including Binance, Coinbase, Bybit, and OKX.
According to monitoring by on-chain analyst Ember (@EmberCN), market maker Cumberland has successively transferred 3.72 million UNI (approximately $12.63 million) to multiple centralized exchanges including Binance, Coinbase, OKX, and Bybit over the past 23 hours, suspected of distributing positions.
According to the official announcement, Bybit Spot will list KII (KII/USDT) on the spot market at 1:00 PM UTC on August 14. Deposits are now open. Deposits Open: August 13, 10:00 AM (UTC); Trading Starts: August 14, 1:00 PM (UTC); Withdrawals Open: August 15, 10:00 AM (UTC) Kii is a stablecoin-powered, 24/7 on-chain foreign exchange (Onchain FX) infrastructure layer. Kii aims to provide cross-border payments, foreign exchange trading, and financial solutions for enterprises and individual users.
Odaily News, according to Onchain Lens monitoring, a whale has once again received 40,000 HYPE tokens from Coinbase today, worth approximately $2.3 million. Over the past two months, this address has accumulated a total of 260,000 HYPE tokens through Coinbase, Bybit, and other sources, currently valued at around $15.1 million.
Last week, major assets closed higher across the board: July Non-Farm Payrolls -23k severely dampened rate hike expectations, the USD broke below 100, and Gold and Crypto benefited in tandem. BTC/ETH ETF weekly net inflows were $853M/$245M, the third-largest institutional buying week of the year. Core risk this week: 8/12 CPI (08:30 ET), determining the direction of September rate hike expectations. Strategy advances on three fronts: Sell ETH weekly expiry $1,800 P (annualized ~15-20%), Sell HYPE 1D $52 P (annualized ~70%, newly listed on Bybit), Sell XAUT 1D $4,360 C (annualized ~30-60%). All three positions must be reduced to safe levels before CPI.
Odaily News: According to on-chain analyst Ember's monitoring, HyperLabs, the development team behind Hyperliquid, redeemed 433,000 HYPE tokens from staking early yesterday morning, valued at $24.25 million, and has now been sold through market maker Flowdesk. Over the past few hours, 165,000 HYPE, worth $9.23 million, has been transferred to market maker Flowdesk; 75,000 HYPE, worth $4.19 million, has been transferred to Hyperliquid and sold for USDC; another 90,000 HYPE, worth $5.04 million, has been transferred to OKX and Bybit.
Bybit has announced the launch of a new rewards program, Bybit Galaxy, which for the first time unifies diverse interactions across the exchange into a single reward system. This encompasses multiple segments including trading, wealth management, fiat, payments, and interactive tasks, shifting the reward focus from trading volume to the entire platform product line.Users can earn Galaxy Points in two ways:Bybit users can earn Galaxy Points through the following two methods:1. Accumulate points by trading designated Galaxy trading pairs. Points are calculated based on effective trading volume, with a minimum starting threshold of $2.2. Complete daily tasks, which involve seven Bybit products: Wealth Management, Fiat, Lending, TradFi, Alpha, Bybit Card, and Bybit Pay.Users can start earning points upon their first visit to the Bybit Galaxy page, with no registration required. They can continue to climb the leaderboard through trading, borrowing, depositing, spending, and staking.Points can only be redeemed via the prize pool. The effective points threshold will be dynamically generated based on the value of each prize pool.The event begins on July 27, 2026, at 10:00 (UTC).
Odaily reports, according to Onchain Lens monitoring, the Cumberland wallet (0x091D...18336) deposited approximately $6.65 million in assets to exchanges in the past few minutes, including 108,100 HYPE (worth about $5.95 million) to Bybit and 700,000 USDT to Binance.
CryptoQuant 分析师 Darkfost 表示，数据显示，7 月比特币现货成交量延续下滑趋势，主要交易平台较 2024 年末高点普遍显著回落，整体市场活跃度已接近 2023 年熊市后期水平。其中，币安 7 月现货成交额超过 350 亿美元，但明显低于 2024 年 11 月的 2460 亿美元；同期，Bybit、Coinbase 和 OKX 的现货成交量分别下降 85%、61% 和 67%，显示成交萎缩并非单一平台现象，而是全球性趋势。
It is reported that Phase 6 of the Bybit Dual Investment Bi-weekly Challenge, featuring new reward mechanisms, will launch at 6 PM on July 27, and the event will last for two weeks. After registering for the event, users can trade Bybit Wealth Dual Investment products to compete for the Dual Investment trading leaderboard and win exciting rewards. Participants whose trading volume breaks the "Whale Threshold" can trigger "Critical Hit Rewards," with up to 2,500 USDT available. The top 10 exceeding the critical hit threshold can receive an 80 USDT surprise bonus for every 1M USDT. The top 100 can share 12,000 USDT, and new users also enjoy exclusive rewards worth 100 USDT in Dual Investment trial funds.
According to on-chain analyst PeckShield (@PeckShieldAlert), the address labeled "Drift Exploiter" has deposited 23,095.1 ETH (approximately $44.4 million) into Tornado Cash for mixing, and additionally transferred 0.85 ETH to Bybit.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a single entity staked a total of 1.49 million $HYPE through 8 wallets, valued at approximately $88.2 million, with individual wallet staking amounts ranging from 115,700 to 390,400 tokens. On-chain data shows that the aforementioned 8 wallets all accumulated $HYPE via withdrawals from Bybit approximately 9 months ago and held until this staking event. Meanwhile, 2 wallets under another entity unstaked after staking for 8 months, redeeming a total of 2.92 million $HYPE, valued at approximately $170.1 million.
CryptoQuant analyst Darkfost posted on X platform, pointing out that Bitcoin has been oscillating around the key support level of $60,000 for nearly 165 days, failing to hold firm and reignite upward momentum. One core reason is the market's lack of new liquidity. Over the past 30 days, the net outflow of stablecoin reserves from Binance and Bybit has approached $2.3 billion. New demand, whether flowing into Bitcoin or the entire crypto market, remains weak. Since the beginning of this year, stablecoin reserves on exchanges have continued to decline. This rather pessimistic market sentiment continues to restrict the funding support needed for Bitcoin to break out of its current consolidation range.However, as regulatory measures like the GENIUS Act require stablecoins to improve compliance, the decentralized nature of the stablecoin ecosystem may be weakened. In the long term, Bitcoin's decentralized characteristics could thereby become more prominent.
Argentine Federal Judge Marcelo Martinez ordered the identification and freezing of a group of wallets linked to Libra, after the Federal Police Cybercrime Technical Department tracked the flow of related funds across multiple crypto networks since May. The investigation involves 8 wallets labeled "Libra team," which are directly connected to the token issuance.The report shows that 4 of these wallets had funneled nearly $57 million to an address, which was previously frozen and then unfrozen by the U.S. District Court for the Southern District of New York. On May 10, related funds were transferred to a Tron address via an interoperability protocol, with the amount close to $500,000. At least 10 out of 17 transactions passed through Binance, while another 8 wallets are associated with Bybit, 2 with OKX, and 2 with Bitfinex. Some users involved in the $8.2 million in funds could potentially be identified through the KYC rules of centralized exchanges. The remaining funds are currently managed by Libra Trust, which plans to distribute them as grants to Argentine companies by November. There are already 71 applications pending approval.
Odaily reports, according to on-chain analyst Ember monitoring, an address suspected to be a16z (0x867...E6D) withdrew 471,500 Hyperliquid native tokens, worth $30.57 million, from Hyperliquid over the past day, and subsequently deposited them into exchanges including OKX, Bybit, and Gate.
According to monitoring by on-chain analyst PeckShield (@PeckShieldAlert), the public OLP vault of decentralized perpetual contract protocol Ostium (@Ostium) was attacked, with approximately 24 million USDC stolen. The attacker subsequently swapped the stolen funds for 12,080 ETH and has transferred 10,540 ETH into the mixer Tornado Cash to obscure the fund flow. On-chain tracing shows that the attacker's initial funds originated from ChangeNow and Bybit, with 1 ETH transferred from each to the attacker's wallet (0x321D...8bfD9).
This event is open to Chinese-speaking users in specific regions who registered and completed identity verification after 10:00 (UTC) on July 9, 2026. Users must deposit at least $100,000 equivalent within 30 days after registration to be eligible to subscribe.