Bybit announced on the X platform that it will launch MFER spot trading and will start trading when liquidity requirements are met. Currently, users can deposit through the Base Chain, and withdrawals will begin at 6:00 pm on April 1, 2024.

According to official sources, Bybit will launch the BOME spot trading pair and deposits are now open. The BOME/USDT trading pair will be opened after meeting liquidity requirements, and withdrawals will be available at 18:00 on March 17th.

Hong Kong Securities and Futures Commission issued a warning to the public to beware of an unlicensed virtual asset trading platform called Bybit. The platform provides trading services for cryptocurrency-related products in multiple jurisdictions. Bybit's cryptocurrency-related products include: Bybit delivery contracts and reverse delivery contracts; Bybit options; Bybit leverage tokens; dual currency investment; dual currency investment 2.0; Bybit shark fin wealth management; liquidity mining; ETH 2.0 liquidity pledge; Bybit Web3 pledge; Bybit balance treasure; and Bybit wealth management. The Securities and Futures Commission is concerned that these products have also been provided to Hong Kong investors, and hereby states that no physical entity launched by the Bybit Group has been licensed or registered by the Securities and Futures Commission to carry out any "regulated activities" in Hong Kong.

According to the website of the Hong Kong Securities and Futures Commission, Bybit has applied for a Hong Kong virtual asset trading platform license on January 31st, and the trading platform name is "Spark Fintech Limited".

According to Whale Alert monitoring, 20,000 ETH (approximately $44,184,202) was transferred from Bybit to an unknown wallet.

Kaiko research analyst Riyad Carey stated that after Binance reached a $4 billion settlement with US authorities last week, its competitors Coinbase and Bybit became the main beneficiaries. Carey said that Coinbase's stock price had already performed well in November, and the Binance settlement agreement pushed COIN's performance up by more than 75% that month. Carey added that in terms of market share after the settlement agreement was announced, Bybit was the "direct outstanding winner" for Bitcoin, as it has the highest trading volume for non-stablecoins. Binance's market share temporarily dropped by 4% at times, while Bybit rose by 50% and Coinbase rose by 34%.

According to on-chain analyst @ai_9684xtpa, on November 25th, the largest recipient address of the Blur Season 2 airdrop, hanwe.eth, deposited 1000 ETH worth $2.07 million to Bybit at 22:04 today.

Bankruptcy trustee of FTX has filed a lawsuit against cryptocurrency trading platform Bybit Fintech Ltd and its two subsidiaries in a Delaware court, seeking to recover approximately $953 million worth of cash and cryptocurrency assets that were withdrawn from the platform before the FTX collapse. The lawsuit alleges that Bybit's investment department, Mirana Corp., had special VIP privileges that most FTX customers did not have and used these privileges to transfer most of its assets from the FTX platform during the FTX collapse. While FTX customers were waiting in line for withdrawals, Mirana pressured FTX employees to fulfill its withdrawal requests. The other subsidiary company named in the lawsuit is Time Research Ltd.

Bybit has launched TradeGPT, an AI-powered trading assistant and education tool that provides real-time market analysis and answers to users' questions in multiple languages. TradeGPT is part of ToolsGPT, which combines ChatGPT's AI model with Bybit's market data, trading analytics, and technical analysis tools to offer mentorship and guidance on the expanding world of Web3. <br>

CoinGlass data shows that CME surpassed Bybit to become the second largest Bitcoin futures trading platform on August 17, with open Bitcoin contracts of $2.24 billion. It is worth noting that CME specifically offers monthly contracts, which is different from the perpetual or inverse swap contracts that are the largest traded products on crypto exchanges. In addition, CME contracts are always settled in cash, while crypto exchanges offer contracts based on stablecoins and BTC. These differences have led to differences in open contracts between CME and crypto exchanges.