DUBAI, UAE, Feb. 20, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce 10,000 USDT in bonuses for P2P traders looking to up their games in 2025 in the Bybit P2P Block Trade Giveaway. The event starts today until Mar. 28, 2025 and offers three winning tracks for block traders and merchants to unlock the total prize pool. From Feb. 17 to 21, 2025, Bybit P2P has also been hosting interactive AMAs across regions, helping interested users get ahead of the curve with Bybit P2P’s features, bonus schemes, and the latest trends in P2P.

Throughout the week of Feb. 17, a series of virtual AMA workshops has offered an in-depth look into P2P trading, market and product insights, and local offers and platform highlights. During the interactive AMAs, users get to learn more about how to make the most of Bybit P2P’s benefits and standout features, as well as the opportunity to win up to 60 USDT for eligible live participants. The next one is scheduled for 10:00PM UTC on Feb. 20, 2025 for the LATAM community on Youtube.

Bybit P2P block trading allows two parties to privately buy or sell larger amounts of digital assets on Bybit’s ultra user-friendly interface. Leveraging Bybit’s robust platform function and matching engine, the service spares users the need to place regular orders, reducing slippage risks and often comes with lower fees. Exclusive on Bybit P2P, eligible users may sign up for the event to qualify for one of the three prize pools on a first-come, first serve basis from now until Mar. 28, 2025:

1. New Users Exclusive: First-time block traders may share in a 3,500 USDT prize pool. With a 175 USDT bonus for the lucky winners, the potential rewards spells an auspicious start of their block trading journey.
2. For All Users: The first 35 users to execute a block trading order at at least 20,000 USDT will receive a 100 USDT bonus. Block merchants are not eligible for this perk.
3. Block Merchants Exclusive: Another 150 USDT bonus is reserved for each of the first 20 block merchants who fulfil at least 50,000 USDT in trading volume.

“Stakes can be high in a dynamic market and a maturing P2P ecosystem, and Bybit is here to support our customers, no matter their ticket size. We want to craft a trading experience that is both rewarding and frictionless for our P2P traders,” said Joan Han, Sales and Marketing Director at Bybit. 

Bybit offers an open marketplace ripe with earning opportunities and potential rewards for users holding diverse crypto assets. With competitive trading limits from 10,000 to 200,000 USDT in a single order, Bybit P2P Block Trade is a trusted avenue, effectively bridging a gap in the market for users leveling up their P2P trading strategies. Users may find out more about the entry requirements for Bybit P2P Block Trading, and stay tuned to Bybit’s official channels for details about the upcoming AMAs.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

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The U.S. Securities and Exchange Commission (SEC) has announced the creation of a new specialized unit, the Cyber and Emerging Technologies Unit (CETU), to combat the rising tide of fraud in the cryptocurrency and emerging technology sectors. This strategic move aims to address the increasing sophistication of scams in the digital asset space, which has seen crypto scams soar to a staggering $12.4 billion in 2024 alone. The launch of CETU cyber unit is a critical response to the growing concerns about investor protection in rapidly evolving technologies.

CETU: A Focus on Protecting Investors and Innovation

The SEC’s decision to reorganize the Crypto Assets and Cyber Unit and form CETU signals a shift in focus towards broader technology oversight. Under the leadership of Laura D’Allaird, the unit will reduce its staff by 40%, but significantly expand its scope beyond just crypto to include AI, social media-driven frauds, and other emerging technologies. This revamped approach ensures that enforcement resources are deployed effectively to protect retail investors while fostering an environment where innovation can thrive.

Mark T. Uyeda, the acting Chairman of the SEC, emphasized that the new unit’s mission is to strike a balance between protecting investors and encouraging capital formation in new technologies. He also highlighted the unit’s role in rooting out fraudulent actors attempting to exploit technological advancements for malicious purposes. By focusing on a wide range of tech-related frauds, CETU aims to restore investor confidence in emerging technologies like blockchain, AI, and machine learning.

CETU and the Rising Threat of Crypto Scams

The urgency of this initiative is underscored by recent statistics from Chainalysis, which reported that crypto scams reached $12.4 billion in 2024. This surge is largely attributed to the increasing use of AI-driven scams and high-yield investment schemes that have preyed on unsuspecting investors. A significant portion of these scams, specifically “pig butchering” schemes and memecoin scams, has contributed over $9 billion in fraudulent revenue.

The SEC’s creation of CETU aligns with a broader effort to combat such scams, which have plagued the crypto space. With the rise of sophisticated fraud techniques, including AI and social media manipulation, the SEC’s proactive stance aims to close the regulatory gaps that scammers have exploited to target investors. The emergence of “rug pulls,” where prominent figures have launched fraudulent crypto projects, further highlights the need for a specialized unit to tackle this growing problem.

CETU’s Role in Enhancing Regulatory Oversight

One of the primary goals of CETU is to address the regulatory challenges posed by the fast-paced evolution of Web3 and decentralized finance (DeFi). Fraudsters often exploit the varying crypto regulations across jurisdictions to carry out their schemes. As the decentralized nature of blockchain technology creates a complex landscape for regulators, the SEC’s CETU will work to streamline efforts to catch bad actors and ensure they are held accountable.

Notably, the SEC’s collaboration with Commissioner Hester Peirce’s Crypto Task Force is expected to create a more integrated and balanced approach to regulation. This partnership ensures that regulatory actions not only protect investors but also promote healthy innovation within the cryptocurrency and blockchain spaces.

Impact on the Crypto Market and Future Outlook

The SEC’s formation of CETU comes at a pivotal time for the crypto market, as it continues to grow and evolve. Despite the rise of scams, the adoption of digital assets, including Bitcoin (BTC) and Ethereum (ETH), continues to gain traction among retail and institutional investors. The market’s resilience, despite scams and regulatory uncertainty, shows that there is a strong demand for crypto and blockchain technologies.

By providing targeted oversight and cracking down on fraudulent schemes, the SEC hopes to foster a safer environment for crypto market participants. As digital assets become an increasingly important part of the global financial system, the need for such regulatory bodies becomes even more crucial in preventing the exploitation of vulnerable investors.

Global Impact of Crypto Scams and Fraud

While the focus of CETU is on the U.S. market, the impact of crypto scams is global. Scams like the LIBRA memecoin, which involved prominent figures such as Argentina’s President Javier Milei, have caused significant losses. In this case, nearly 86% of investors in LIBRA lost over $251 million. As bad actors continue to exploit the Web3 market, the SEC’s CETU will play a vital role in coordinating efforts with international regulators to curb fraudulent activities.

Conclusion: The Future of Crypto Regulation with CETU

The creation of the CETU Cyber Unit marks a significant step in the SEC’s ongoing efforts to ensure that the crypto market remains secure and transparent. With a broader focus that includes AI, social media frauds, and blockchain-related scams, CETU is poised to make a lasting impact on investor protection. As scams continue to evolve, CETU’s ability to adapt and stay ahead of emerging threats will be crucial in safeguarding the future of the cryptocurrency market.

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In 2024, global crypto adoption reached a significant milestone, with ownership of digital assets growing by 13%. This growth was driven by increased interest in major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), which saw their ownership rates rise by 13.1% and 13.6%, respectively. The latest report from Crypto.com reveals that by the end of 2024, the number of global crypto owners had risen from 583 million to 659 million, reflecting a surge in digital asset adoption worldwide.

Bitcoin and Ethereum Lead the Charge in Global Adoption

Bitcoin remains the dominant player in the crypto market, with 337 million owners globally, making up 51% of all crypto holders. Ethereum, while not as widely adopted, is also showing impressive growth, with 142 million owners, or 21% of the total market. This growth comes despite the increasing competition from other cryptocurrencies and evolving market conditions.

The adoption of Bitcoin and Ethereum can be attributed to several factors, including the expanding range of products and services available for these coins. Bitcoin’s position as a store of value has been further solidified by the introduction of U.S. spot Bitcoin exchange-traded funds (ETFs), which have provided an easier entry point for investors. Crypto.com reports that an additional 1.2 million people may have gained exposure to Bitcoin through these ETFs, helping drive further adoption.

Ethereum’s growth, on the other hand, is largely due to its strong ecosystem, including its Layer-2 network and the Dencun upgrade. The launch of spot Ethereum ETFs in the summer of 2024 also boosted its adoption, attracting more institutional investors and individual traders alike.

Global Crypto Adoption Outpaces Mobile and Internet Growth

According to a separate study by BlackRock (NYSE: BLK), the rate of crypto adoption in 2024 outpaced mobile phone adoption by 43% and internet adoption by 20%. While mobile phones took 21 years to reach 300 million users, crypto adoption reached the same milestone in just 12 years, illustrating the accelerating pace at which digital assets are being adopted.

BlackRock’s findings underscore the growing global appetite for cryptocurrency, particularly among younger generations. These demographic groups are more likely to embrace digital currencies, making them key drivers of crypto adoption in the coming years.

The Role of Demographic Trends in Crypto Adoption

Both Crypto.com and BlackRock attribute the growth in crypto adoption to changing demographic trends. Younger generations, in particular, are more open to using digital coins and tokens as part of their everyday financial activities. This trend is particularly pronounced in emerging markets, where access to traditional banking services may be limited, making crypto a viable alternative.

In 2024, countries like India, Indonesia, Nigeria, the U.S., and Vietnam emerged as the top adopters of cryptocurrency. In these regions, younger populations are increasingly embracing crypto as a tool for savings, investment, and everyday transactions. As the global youth population continues to grow, the adoption of digital currencies is expected to accelerate, with these regions remaining at the forefront of the movement.

A Look at the Future of Crypto Adoption

With crypto adoption continuing to rise, the outlook for the industry remains promising. The success of Bitcoin and Ethereum is driving broader interest in the space, and the growth of decentralized finance (DeFi) applications and blockchain innovations is expanding the utility of digital assets.

As more people gain access to cryptocurrencies and related products, the market is expected to continue evolving. However, the continued adoption of crypto will depend on a variety of factors, including regulatory developments, market volatility, and technological advancements. While the growth in 2024 is impressive, the path forward will require ongoing innovation and adaptation to keep pace with global trends.

The Top Crypto-Adopting Countries of 2024

The rise in global crypto adoption was notably driven by countries like India, Indonesia, Nigeria, the U.S., and Vietnam. These nations represent a mix of emerging markets and established economies where digital currencies are rapidly gaining traction. India and Indonesia, in particular, have seen increased adoption due to large, young populations that are tech-savvy and eager to explore alternative financial systems.

Bitcoin’s Market Performance in 2024

As of the end of 2024, Bitcoin is trading at $97,385 per digital token, marking an 86% increase in value over the past year. This surge in Bitcoin’s price is a testament to the increasing demand for the cryptocurrency as a store of value and a hedge against inflation.

Conclusion: The Future of Crypto Adoption

Crypto adoption in 2024 has exceeded expectations, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. As the global digital asset market continues to grow, the adoption of cryptocurrencies will likely continue to increase, driven by technological advancements, institutional investments, and demographic trends. While there are challenges ahead, the future of crypto adoption looks bright as more people worldwide discover the potential of digital currencies.

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SEOUL, South Korea, Feb. 19, 2025 /PRNewswire/ — MSQUARE is a platform start-up company that directly plans, develops, and operates real economy platforms. MSQUARE is drawing attention from the industry by participating in the recent Ask Me Anything (AMA) session at Binance Live. Through this session, MSQUARE became an important opportunity to prove it as a global project by revealing the platform operated by the company and explaining its future roadmap and vision.

The MSQUARE Foundation provides information on integrated real estate “METASTAR”,

With the P2U accumulated at the P2U store, the shopping mall platform ‘POINT TO YOU’, which participates in half-price events and purchases products, Online and offline sales platform ‘Business Hub’, To solve the economic population problem caused by Korea’s low birth rate, the company has established a special purpose corporation for overseas manpower supply and demand businesses and is developing a Korean language education platform called KPAL.

It will serve as a driving force in the increase in the value of ‘MSQ Coin’ by linking it with a payment method for fees and salaries for global project platforms developed and operated directly by MSQUARE.

This participation in Binance Live was an opportunity for MSQUARE to identify itself as a leader in real economy platform interlocking coins in the global blockchain market.

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It has been one month since Donald Trump returned to the White House, and his administration has wasted no time implementing sweeping changes. From executive orders to regulatory shake-ups, Trump’s crypto policies are reshaping the industry in unprecedented ways.

While his first day in office didn’t include specific cryptocurrency measures, his administration quickly pivoted, appointing pro-crypto officials, launching new regulatory initiatives, and stirring controversy with tariff policies that sent shockwaves through financial markets.

Trump Launches a National Crypto Strategy

Just days after taking office, Trump signed an executive order establishing an internal working group to make the U.S. the “global capital of crypto.” This group is tasked with drafting a national crypto strategy that could reshape how digital assets are regulated.

Notably, Trump’s directive explicitly bans the creation of a central bank digital currency (CBDC), a move that aligns with his campaign rhetoric against government-controlled digital money. Instead, the administration is exploring policies to encourage private-sector innovation in the blockchain space.

SEC Leadership Shake-Up

One of the most significant shifts in Trump’s crypto policies came with changes at the Securities and Exchange Commission (SEC). Trump nominated Paul Atkins, a longtime advocate for less restrictive financial regulations, to replace Gary Gensler as SEC chair.

While Atkins awaits Senate confirmation, Acting Chair Mark Uyeda has already signaled a shift toward a more crypto-friendly regulatory environment. The SEC quickly established a task force dedicated to defining clear rules for digital assets, a stark contrast to the previous administration’s enforcement-heavy approach.

Uyeda stated that the goal is to “draw clear regulatory lines, provide realistic paths to registration, and deploy enforcement resources judiciously.” This could mark a turning point for crypto firms struggling with regulatory uncertainty.

Trump’s Tariff Policies Impact Crypto Markets

On February 2, Trump introduced a new wave of tariffs targeting imports from Mexico, Canada, and China. The financial markets reacted sharply, with several major tech stocks and cryptocurrencies experiencing significant volatility.

Bitcoin (BTC-USD) saw a sharp drop following the announcement, reinforcing the growing correlation between crypto and traditional financial markets. Investors are now closely watching for further economic policy shifts that could impact digital assets.

Crypto-Friendly Treasury Secretary Confirmed

Another major win for the crypto industry came with the Senate confirmation of Scott Bessent as U.S. Treasury Secretary. Bessent, a billionaire hedge fund manager, has been vocal about his support for Bitcoin and decentralized finance (DeFi).

“I have been excited about the president’s embrace of crypto,” Bessent said during his confirmation hearing. “I believe it fits very well with the Republican Party’s values of freedom and innovation.”

Under his leadership, the Treasury Department is expected to push for policies that encourage institutional adoption of digital assets while reducing regulatory friction.

Trump’s Controversial Crypto Pardon

On January 22, Trump granted a presidential pardon to Ross Ulbricht, the founder of Silk Road. Ulbricht had been serving a life sentence for operating the infamous darknet marketplace, which facilitated Bitcoin transactions for illicit goods.

While the pardon was met with applause from crypto libertarians and prison reform advocates, it sparked backlash from lawmakers who viewed it as an endorsement of illegal crypto activity.

What’s Next for Trump’s Crypto Policies?

With a pro-crypto administration in place, the industry is anticipating more policy changes in the coming months. Key developments to watch include:

Stablecoin Regulations – Congress is working on legislation to establish clear guidelines for stablecoins, aiming to bring this market onshore.

State-Level Crypto Reserves – Several states are exploring the idea of holding Bitcoin in their treasuries.

SEC and CFTC Coordination – The SEC and Commodity Futures Trading Commission (CFTC) are expected to collaborate on defining the jurisdictional boundaries for crypto assets.

Trump’s first month has already had a profound impact on the cryptocurrency sector. Whether these policies will foster long-term growth or introduce new risks remains to be seen, but one thing is certain—the crypto landscape is undergoing a transformation under Trump’s leadership.

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