Bybit Loses Market Share After Hack as Binance Gains Ground
Bybit’s market share plunged to 5% after a major hack but has since rebounded to 9.04%. Can the exchange fully recover amid security concerns and trust issues?
Bybit’s market share plunged to 5% after a major hack but has since rebounded to 9.04%. Can the exchange fully recover amid security concerns and trust issues?
From Taiwan’s national digital wallet rollout to Binance securing a $2 billion investment, this week saw major developments in the crypto industry. Regulatory disputes, investment deals, and partnership clarifications shaped the landscape, while Binance founder Changpeng “CZ” Zhao pushed back against media reports. Here’s a roundup of the top crypto stories you may have missed….
Study: 98% of Binance-Listed Tokens Dump After Pump
Former Binance CEO Changpeng Zhao (CZ) alleges that a “local player” blocked Binance’s licensing efforts in the Philippines. Previously, the SEC has issued advisories, while the NTC has ordered ISPs to restrict access to Binance’s website.
Despite the strong backing, Binance emphasized that the vote is for reference only.
Trump family has invested more in Ethereum as of late, while CZ makes a return to Binance. More in today’s “Crypto News You May Have Missed This Week”.
As we close the book of 2024, BitPinas reflected on the year’s most impactful stories in the cryptocurrency and blockchain space in the Philippines.
There are deceptive ads circulating urging users to download the Binance app from suspicious sites.
In 2024, Binance’s dominance in the crypto exchange market diminished, while Bybit saw significant growth in spot trading and Bitget excelled in derivatives trading.
Binance led the record with at least $1 trillion volume per month.