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Core Insights - Bybit has launched BYUSDT, a proprietary token that allows users to tokenize their USDT Flexible Easy Earn balances for margin trading while still earning daily yield [1][2] Group 1: Product Features - BYUSDT enables Bybit VIP account holders to tokenize their staked USDT for 1:1 margin trading, allowing seamless swaps between BYUSDT and USDT Flexible Easy Earn accounts without fees [2] - The token accrues rewards hourly with daily payouts, enhancing the user experience [2] - Bybit's offering is unique in the centralized exchange space, as it integrates directly with the platform's staking rewards program [3] Group 2: Competitive Landscape - While similar products exist, such as those from Derebit and Kraken, Bybit's approach combines margin trading with a comprehensive rewards platform, unlike Kraken which limits margin trading to specific rewards [4][5] - Bybit's capital efficiency allows users to earn yields on staked USDT while maintaining liquidity for trading, addressing a common dilemma faced by traders [5] Group 3: Strategic Partnerships - Bybit is focusing on the stablecoin market, particularly through its partnership with Circle to enhance USDC liquidity across various markets and services [6][7] - The partnership aims to improve fiat-to-crypto on/off-ramps and expand USDC integration within Bybit's ecosystem, including services like Bybit Card and Bybit Earn [7]

General Information - The notice pertains to the removal of margin trading pairs [1] Industry Implication - The announcement likely impacts traders and investors involved in margin trading activities within the specific exchange or platform [1]

Market Trends - Japan's margin traders are increasing bearish bets on the Swiss franc to a record high [1]

Market Overview - The A-share market experienced fluctuations last week, with the margin balance reaching a historical high of 24,417.76 billion yuan as of October 10, and the financing balance at 24,256.59 billion yuan, an increase of 472.69 billion yuan over the week [1] - On October 9, the financing balance increased by 508.05 billion yuan, marking the second-highest single-day increase on record, followed by a decrease of 35.36 billion yuan on October 10 [1] Industry Analysis - Among the 31 industries tracked, 26 saw an increase in financing balance last week, with the electronics, non-ferrous metals, and power equipment sectors leading in net financing inflows of 71.93 billion yuan, 62.74 billion yuan, and 53.38 billion yuan respectively [1] - The five industries that experienced a decrease in financing balance included social services, public utilities, and coal, with net sell-offs of 1.02 billion yuan, 0.60 billion yuan, and 0.59 billion yuan respectively [1] Individual Stock Performance - A total of 138 stocks saw net purchases exceeding 1 billion yuan, with the top ten stocks being ZTE Corporation, Xinyise, Dongfang Wealth, Zijin Mining, Northern Rare Earth, Xiechuang Data, Kingsoft, Silan Microelectronics, Cambricon Technologies, and Hikvision, with net purchases of 20.72 billion yuan, 17.09 billion yuan, and 13.28 billion yuan respectively [4] - The top ten stocks with the highest net purchases mostly experienced declines, with ZTE Corporation being the exception, rising over 13% [4] Detailed Stock Data - The financing net purchase amounts for the top stocks were as follows: - ZTE Corporation: 207.17 million yuan, with a price increase of 13.94% - Xinyise: 170.92 million yuan, with a price decrease of 5.35% - Dongfang Wealth: 132.76 million yuan, with a price decrease of 3.80% - Zijin Mining: 94.60 million yuan, with a price increase of 4.86% - Northern Rare Earth: 77.95 million yuan, with a price increase of 8.65% [6]

Product Offering - MEXC Futures Earn allows users to turn margin into a steady income stream while trading [1] - The product aims to boost idle capital efficiency [1] - It offers a zero-operation, always-available earning opportunity [1] - Users can earn extra income from open positions [1]

Product Offering - Bitget launches AutoEarn feature to allow users to earn yield on idle assets [1] - Users can utilize futures margin to secure trades and simultaneously earn yield automatically [1] - Assets like BGUSD and BGSOL can earn up to 7%+ APY (Annual Percentage Yield) [1] Call to Action - Encourages users to stop leaving money idle and let assets work 24/7 [1] - Directs users to try the new feature via a provided link [1]

Event Overview - Poloniex celebrates its 11th anniversary with a month-long event from August 23rd to September 23rd (UTC) [1] - The celebration features 11 different events with a total reward pool of 200,000 USDT [1] Airdrop & Deposit Rewards - Users can register and claim airdrops from an 11,000 USDT prize pool [1] - Depositing 110 USDT unlocks voucher packs from another 11,000 USDT pool [1] Trading Competitions - New users can trade and share 11,000 USDT [1] - Existing users can trade and share 11,000 USDT [1] - A spot trading challenge offers a share of 11,000 USDT [1] - Creating a Spot Grid Bot allows users to win a share of 11,000 USDT [1] - Trading Futures provides an opportunity to share 110,000 USDT [1] - Trading Margin allows users to share 1,100 USDT [1] Referral & Additional Rewards - The referral program offers 11,000 USDT in referral rewards [1] - Participants can grab 3,000 APY Booster Coupons [1] - Sharing the celebration earns 11 USDT for spreading the word [1]

Margin Trading Overview - Margin trading involves using borrowed funds to increase position size [1] - Margin trading aims to amplify potential gains or losses [1]

Crypto Exchange Services - South Korea flags Upbit and Bithumb's crypto lending services [1] - South Korea flags Upbit and Bithumb's margin trading services [1]