Uncategorized
3 Ways Bybit’s $1.5 Billion Hack Will Impact the Staking Industry

The $1.5 billion hack of Bybit — the largest in crypto history — has put the entire industry on high alert. The attack, reportedly carried out by North Korea’s Lazarus Group, resulted in the theft of over 401,000 ETH, reinforcing the reality that no exchange is safe from sophisticated cyber threats, and any platform can be at risk.
Bybit’s response is critical. The positive takeaway is that Bybit has re-established a 1:1 asset backing for its clients and closed the “ether gap.” However, this temporary situation — where users shoulder the burden of centralized exchange (CEX) security failures could drive staking participants toward self-custody, keeping only the bare minimum on exchanges for transactions.
While the full fallout of this breach is still unfolding, it may serve as a catalyst for both retail and institutional staking participants to rethink their strategies. Here’s how the hack could reshape staking.
Potential Staking Losses
The hack resulted in the theft of approximately 400,000 ETH, which is nearly $1 billion in losses at an average price of $2,600 per ETH. Beyond the immediate financial hit, the Ethereum staking yield — hovering around 4% annually — means a loss of roughly 16,000 ETH in yearly staking rewards.
For perspective, if these stolen ETH were spread out across 100 stakers, each would have lost 160 ETH in rewards. This is a significant blow, particularly for retail investors who may lack the financial resilience to absorb such losses.
Declining Staking Share on Centralized Exchanges
The Bybit hack may be a turning point for the crypto industry, highlighting the risks of staking on centralized platforms. The trend is already visible in recent data: in the last six months, the amount of staked ETH on centralized exchanges has dropped from 8,597,984 ETH in September 2024 to 8,024,288 ETH in February 2025, representing a 6.67% decline. This change comes amid growing concerns about security and transparency on centralized platforms.
Additionally, following the hack from Feb. 20 to Feb. 23, staked ETH on CEXs fell by 0.56%, while on-chain staking (excluding CEXs) increased by 0.31%. This suggests a shift in the staking landscape, with users increasingly moving their assets away from centralized exchanges to more secure, non-custodial staking solutions or hardware wallets.
This change could have long-term implications for the crypto market. Centralized exchanges, which have long dominated the staking ecosystem, may see their influence wane. As stakers migrate to decentralized alternatives, CEXs’ roles in governance, reward distribution, and network upgrades could diminish. In the long-term, this may result in the reshaping of the staking market, with decentralized alternatives taking center stage.
Institutional Adoption at Risk
High-profile hacks like Bybit’s inevitably make institutional investors more cautious about entering the crypto market. When auditors evaluate staking products, including ETH ETFs, billion-dollar security breaches can prompt legal and compliance teams to hit the brakes on crypto allocations.
This stagnation could push back the timeline for achieving new price highs and delaying broader adoption.
Given the rising threat of hacks, it is crucial for both retail and institutional investors to embrace audited and certified self-custody solutions. Securing assets through non-custodial wallets and decentralized platforms can significantly mitigate the risks posed by centralized exchanges. At the same time, exchanges need to work to rebuild trust by enhancing their security measures, conducting regular audits, and offering insurance schemes for users affected by breaches.
Moreover, the entire crypto community — including developers, exchanges, regulators, and users — needs to come together to balance innovation with security. This collaboration is essential for the long-term viability of the industry. By strengthening the overall security infrastructure, we can create an environment where both retail and institutional participants can confidently engage with the crypto market.
Uncategorized
Coinbase Outpaces S&P 500 With 43% June Rise as Stablecoin Narrative Grows: CNBC

Shares of Nasdaq-listed cryptocurrency exchange Coinbase (COIN) rose 43% this month, making the firm the top performer in the S&P 500 since it joined the index at the end of last month.
June’s run is already the stock’s best since November and caps three straight monthly gains. Coinbase’s shares reached their highest level since their public debut.
COIN hit a $382 high this week before enduring a slight correction, ending the week at $353 and seeing a slight 0.7% drop in after-hours trading to $351.
The wider S&P 500 index rose roughly 5% in June as geopolitical tensions eased.
Washington’s progress on the GENIUS Act, Congress’s first rulebook for dollar-pegged stablecoins, helped shift investor focus from trading fees to stablecoin revenue.
The bill brightened the outlook for Circle, whose shares hit a record high and saw its market cap near that of Coinbase this week.
Coinbase keeps all yield on USDC balances held on its platform and nearly half of other USDC income, equal to about 99 percent of Circle’s revenue, giving shareholders indirect exposure at no added cost, CNBC reported Friday, citing analysts including Citizens’ head of financial technology research Devin Ryan.
Trading, however, remains subdued. Average daily volume on Coinbase has drifted lower since April.
Uncategorized
Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts

Robinhood (HOOD) has introduced micro futures on bitcoin (BTC), solana (SOL) and XRP in the United States., expanding its existing crypto futures offering for its nearly 26 million funded accounts.
Micro contracts need far less collateral than full-size futures, letting traders take directional positions while committing a smaller slice of capital.
The contracts offer traders more flexibility to bet on a cryptocurrency’s future price direction or hedge current positions given their smaller size.
The launch rounds out a futures suite that began with BTC and ETH in January. It also comes weeks after the firm closed its $200 million purchase of Bitstamp and finalized a $179 million deal for Canada’s WonderFi.
Robinhood’s data shows that crypto notional volumes have exploded upward over time, reaching $11.7 billion in May. The figure marks a 36% rise month-over-month, and a 65% growth year-over-year.
Uncategorized
Why is XRP Up Today? Trio of Catalysts Sees Token Outperform Wider Crypto Market

XRP climbed 5.5% to $2.19 in the last 24 hours after a trio of catalysts converged to help the cryptocurrency outperform the wider cryptocurrency market.
One of the catalysts was launch of XRP micro futures on Robinhood. The contracts offer traders more flexibility to bet on the cryptocurrency’s future price direction or hedge current positions given their smaller size.
Regulatory fog also thinned. On Friday, Ripple withdrew its cross-appeal in its long-running U.S. Securities and Exchange Commission (SEC) lawsuit. The SEC sued Ripple back in 2020 over its XRP sales, alleging these violated securities laws. The SEC is expected to drop its own appeal, leaving last year’s ruling, ordering Ripple to pay a $125 million civil penalty to the SEC, intact. The move could lift a lid that had kept some investors on the sidelines.
On-chain data rounded out the bullish setup. The XRP Ledger logged over a 1.1 million active addresses over the past week according to crypto analyst Ali Martinez, who cited Glassnode data.
XRP’s rise saw it outperform the wider crypto market, with the broader CoinDesk 20 (CD20) index rising 1.7% in the last 24 hours.
-
Business9 месяцев ago
3 Ways to make your business presentation more relatable
-
Entertainment9 месяцев ago
10 Artists who retired from music and made a comeback
-
Fashion9 месяцев ago
According to Dior Couture, this taboo fashion accessory is back
-
Entertainment9 месяцев ago
\’Better Call Saul\’ has been renewed for a fourth season
-
Business9 месяцев ago
15 Habits that could be hurting your business relationships
-
Entertainment9 месяцев ago
Disney\’s live-action Aladdin finally finds its stars
-
Entertainment9 месяцев ago
New Season 8 Walking Dead trailer flashes forward in time
-
Tech9 месяцев ago
5 Crowdfunded products that actually delivered on the hype