New Report: Bybit’s Post-Hack Liquidity Comeback

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Bitcoin
02/06/2025 Data Debrief
Trump’s stablecoin on-chain activity surges post-Binance listingThis week we explore World Liberty Financial’s stablecoin, USD1. The Trump family’s DeFi project launched the token over a month ago, and its seen significant uptake on-chain, however, off-chain activity has lagged. We also take a look at what crypto ETF applications are leading the approval race, how derivatives markets are maturing, and more.
Written by The Kaiko Research TeamBitcoin
26/05/2025 Data Debrief
Bitcoin's Latest Record Move in 10 ChartsBitcoin hit a new all-time high last week, but sentiment remains cautious beneath the headline gains. In this week’s Debrief, we break down what’s driving the move in ten charts. Macro uncertainty, particularly around the U.S. fiscal outlook, is still weighing on risk appetite. While retail participation remains muted, institutional demand is growing, supported by ETF flows, corporate accumulation, and renewed momentum on the regulatory front.
Written by The Kaiko Research TeamLiquidity
19/05/2025 Data Debrief
A Summer of Uncertainty Ahead?Bitcoin barely moved, holding near $103K on Monday after Moody’s stripped the U.S. of its last triple-A rating amid mounting debt. Meanwhile, Coinbase entered the S&P 500, but the euphoria was short-lived. The exchange revealed that client information was stolen as hackers sought to blackmail the firm, with costs related to the incident expected to reach $400 million.
Written by The Kaiko Research TeamEthereum
12/05/2025 Data Debrief
Could Pectra reset ETH’s bull case?Ethereum surged by nearly 40% last week, outperforming BTC after its largest upgrade to date. Meanwhile, Coinbase made headlines with its $2.9 billion acquisition of Deribit, and New Hampshire became the first U.S. state to approve a crypto reserve law.
Written by The Kaiko Research Team
Latest REPORTS
Partner Report
05/05/2025
Bybit’s Liquidity Resilience Post-HackDownloadBybit’s liquidity rebounded within 30 days following one of the most severe shocks in crypto history. This report analyzes how key trading metrics evolved across Bitcoin and altcoins, highlighting improvements in market depth, spread stability, and trading volumes amid a broader risk-off environment.
Regional Report
16/04/2025
Is South Korea’s Crypto Market Ready for an Institutional Shift?DownloadSouth Korea remains a major crypto trading hub, with a predominantly retail-driven market concentrated on local exchanges. This report examines key trends and the market’s potential evolution toward institutional participation.
Quarterly Market Report
09/04/2025
Quarterly Report: Q1 2025DownloadThe last few months have been a reality check for markets as trade policy roils global markets. Bitcoin fell back below $80k during the quarter, with volatility back on the menu as the second Trump admin heads straight for a trade war with nearly every one of its major trade partners.
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