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X @Bybit
Bybit· 2025-12-09 09:04
The Bybit x DMCC Hackathon campaign is in full swing! 🚀Jump in, share your insights, and you could be one of 150 winners getting 20 USDT each.Full details in the post below 👇Bybit (@Bybit_Official):🚀 Bybit just completed the 3rd Hackathon with DMCC and we are exited to bring you our Marketing Campaign with a total prize pool of 3,000 USDT.We invite all people to create original content related to the Bybit x DMCC Hackathon - share your insights, support your favorite https://t.co/HACjoENZvy ...
X @Cointelegraph
Cointelegraph· 2025-12-09 02:30
Monetary Policy & Interest Rates - Standard Chartered now anticipates a 25 bps (0.25%) rate cut by the Federal Reserve on Wednesday [1] Cryptocurrency & Digital Assets - Bank of America, Wells Fargo, and Citigroup CEOs are scheduled to discuss crypto market legislation with senators on Thursday [1] - The CFTC has initiated a pilot program allowing BTC, ETH, and USDC to be used as tokenized collateral in U.S derivatives markets [1] - Circle is partnering with Bybit to enhance USDC adoption and liquidity within Bybit's ecosystem [1] - Tether's USD₮ is now officially recognized by Abu Dhabi's ADGM for regulated multi-chain use, including TON, TRON, Polkadot, and Near [1] - BlackRock has filed for a staked ETH ETF [1] Company Initiatives & Holdings - Hyperliquid Strategies Inc has announced a $30 million stock buyback program [1] - BitMine increased its ETH holdings by 138,452, bringing its total to 386 million ETH [1] - Strategy added 10,624 BTC this week, increasing its total holdings to 660,624 BTC [1] Regulatory Developments - The SEC has concluded its two-year investigation into Ondo Finance [1]
X @Cointelegraph
Cointelegraph· 2025-12-08 18:30
⚡️ LATEST: Circle and Bybit are partnering to expand USDC use and liquidity across Bybit’s ecosystem. https://t.co/I9p6hrctMp ...
Bybit Partners with Circle to Expand USDC Services Across Platform
Yahoo Finance· 2025-12-08 17:33
Core Insights - Bybit and Circle have formed a strategic partnership to enhance USDC services across Bybit's platform, focusing on liquidity in spot and derivatives markets, and improving fiat-to-crypto on/off-ramps [1] - The partnership aims to facilitate easier access to USDC for both retail and institutional users, as stated by Circle's CEO Jeremy Allaire [2] Group 1: Partnership Details - The collaboration will enhance USDC liquidity and expand its integration into Bybit services such as Bybit Card, Bybit Earn, and Bybit Savings [1] - The partnership is timely as Circle reported a significant increase in USDC circulation, reaching $73.7 billion at the end of Q3 2025, a 108% year-over-year growth [2] Group 2: Financial Performance - Circle's total revenue and reserve income for the quarter was reported at $740 million, reflecting a 66% year-over-year increase, with adjusted EBITDA of $166 million, up 78% from the previous year [3] - Despite a downturn in the broader cryptocurrency market, stablecoin issuers like Circle continued to mint new coins, with approximately 20 million new coins backed by fiat reserves [3] Group 3: Market Context - The stablecoin market, including Circle, has shown resilience despite the overall market dip, although analysts have raised concerns about the long-term stability of the sector due to the underperformance of Bitcoin and Ethereum [4] - Recent downgrades of Tether's rating by S&P have sparked discussions about the stability of stablecoins, with Tether's CEO dismissing the rating as unfounded [4][5]
X @The Block
The Block· 2025-12-08 15:33
Circle partners with Bybit in push to drive USDC adoption outside Coinbase ecosystem https://t.co/lJKlNS8ZvL ...