Bybit Strengthens Proof of Reserves, Security & Transparency

Daily Top Performer — Nervos Network (CKB)

The S&P 500 fell 1.59% to a six-week low amid tech selloffs and economic concerns. Gold fell 1% to $2,889.13 amid a stronger dollar and inflation concerns. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.98%, with Bitcoin and Ether dropping by 0.97% and 2.53%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is CKB, surging 18.6% following the launch of Nervos Docs v2.15.0 with CCC Molecule SDK and SUDT fixes.

Nervos Network (CKB), launched on November 2019, is a blockchain network featuring the Common Knowledge Base (CKB) for Layer 1 security and flexibility, utilizing Proof-of-Work consensus. It supports interoperability with various blockchain layers and allows developers to build decentralized applications with account abstraction at the protocol level. Nervos Docs v2.15.0 is live, featuring the CCC Molecule JavaScript SDK and SUDT contract fixes. Special thanks to community member u2 for reporting the issue.

Check Out the Latest Prices, Charts, and Data of CKBUSDT Perp Contracts!

Talk of the Town

Bybit has restored 77% of its assets following a recent security incident, demonstrating strong recovery and renewed client confidence. Spot liquidity and contract trading have surpassed pre-incident levels, with trading volume exceeding $40B in two days. To reinforce transparency, Bybit conducted an additional proof of reserves audit, confirming full collateralization of client assets. CEO Ben Zhou emphasized the exchange’s commitment to security, resilience, and trust.

Bitcoin Spot ETF Flows

Yesterday, BTC Spot ETFs had a total outflow of $20M, with GBTC losing $7.3M and non-GBTC funds $12.7M.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot Contracts!

Airdrop to Watch

Mint Blockchain is launching $MINT, its first Superchain utility token using the SuperchainERC20 standard for Optimism interoperability. With a 1 billion total supply, 16.8% initially unlocked, and 12% allocated for airdrops, incentives will reward various Mint ecosystem participants, including NFT holders, event winners, and active users. Details on the Token Generation Event (TGE) and airdrop date are coming soon.