Bybit Hack by the Numbers

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CEX
24/03/2025 Data Debrief
SOL Institutional Demand Tested.Risk assets, including crypto, experienced gains in the early hours of Monday as concerns over the upcoming April 2nd tariffs eased. In other news, Kraken acquired a futures exchange for $1.5 billion, the U.S. Treasury lifted econ...
DeFi
17/03/2025 Data Debrief
Anatomy of market manipulation in DeFiBitcoin bucked its downtrend last week adding 3% while the S&P 500 briefly entered correction. Binan...
Written by The Kaiko Research TeamStablecoin
10/03/2025 Data Debrief
Stablecoin Adoption Amid New RulesBitcoin experienced sharp swings last week after President Trump announced a less ambitious-than-exp...
Written by The Kaiko Research Team
CEX
24/03/2025 Data Debrief
SOL Institutional Demand Tested.Risk assets, including crypto, experienced gains in the early hours of Monday as concerns over the upcoming April 2nd tariffs eased. In other news, Kraken acquired a futures exchange for $1.5 billion, the U.S. Treasury lifted economic sanctions on Tornado Cash, and the SEC dropped its appeal against Ripple.
Written by The Kaiko Research TeamDeFi
17/03/2025 Data Debrief
Anatomy of market manipulation in DeFiBitcoin bucked its downtrend last week adding 3% while the S&P 500 briefly entered correction. Binance secured its first institutional investment from Abu Dhabi’s MGX group, the largest ever single investment in a crypto firm at over $2bn. Elsewhere, Coinbase prepares for 24/7 BTC and ETH futures trading, as traditional platforms jostle to offer round the clock services.
Written by The Kaiko Research TeamStablecoin
10/03/2025 Data Debrief
Stablecoin Adoption Amid New RulesBitcoin experienced sharp swings last week after President Trump announced a less ambitious-than-expected strategic crypto reserve. Meanwhile, the U.S. imposed tariffs on Canada and Mexico but later granted temporary partial exemptions until next month. In another development, the SEC dropped its case against Kraken, potentially paving the way for its IPO.
Written by The Kaiko Research TeamIndices
06/03/2025 Index in Focus
A Standard for Benchmarking SuccessThis week, we’re analyzing the Kaiko 10 Index (KT10), part of our multi-asset Blue Chip indices. With a compound annual growth rate of nearly 60% since inception, the index offers a competitive returns that capture the broader markets performance without sacrificing.
Written by Adam Morgan McCarthyMacro
03/03/2025 Data Debrief
Altcoin volatility surges on strategic reserve newsAfter one of the most volatile weeks in crypto, Bitcoin has stabilized above $90K, boosted by US President Donald Trump’s announcement of the creation of a strategic crypto reserve. Meanwhile, OKX’s operator pleaded guilty to U.S. anti-money laundering violations and agreed to a $505 million penalty, and the SEC closed its investigation into Uniswap Labs.
Written by The Kaiko Research TeamIndices
27/02/2025 Index in Focus
Diversified Access to DeFiThis week, we’re looking at the Kaiko DeFi Index, part of our family of sector-based indices. The Kaiko Indices DeFi index offers strong sector exposure while diversifying across key growth verticals.
Written by Adam Morgan McCarthyCEX
24/02/2025 Data Debrief
Bybit Hack by the NumbersDespite the SEC dropping its case against Coinbase and Robinhood, and Brazil approving the first spot XRP ETF this week, positive sentiment was short-lived. Bybit suffered what could be the largest hack of any institution—crypto exchange, bank, or otherwise—on Friday, with $1.4 billion worth of ETH and ETH derivatives stolen. Due to the magnitude of this hack, we’ve made this a special edition of the Debrief to address all the critical details.
Written by The Kaiko Research TeamIndices
20/02/2025 Index in Focus
Moving Beyond Bitcoin with the KT5 IndexThis week we’re looking at one of Kaiko Indices Blue Chip product, the Kaiko 5 Index. The benchmark tracks the top five assets in our list of vetted tokens, while still offering diversified returns.
Written by Adam Morgan McCarthyBinance
17/02/2025 Data Debrief
Liquidity lowdown: asset rankingMarkets shrugged off a hotter-than-expected U.S. CPI last week. Meanwhile, Abu Dhabi’s sovereign wealth fund revealed it had invested in Bitcoin, the SEC and Binance sought a 60-day pause in their lawsuit, and Argentine President Javier Milei’s brief support for the LIBRA token sparked controversy.
Written by The Kaiko Research TeamIndices
13/02/2025 Index in Focus
Fly, EAGLE FlyThis week we’re looking at one of Kaiko Indices newest products, the Kaiko EAGLE Index. This is our first regional index and asset selection wasn’t sector specific. As such it includes Layer-1 assets, a meme coin and a utility token.
Written by Adam Morgan McCarthyCEX
10/02/2025 Data Debrief
Coin earningsMarkets stabilized after a speedy resolution to tariff disagreements in North America. The US is exploring the creation of its own sovereign wealth fund, while regulator and crypto czar David Sacks envisages a “golden age” for digital assets.
Written by The Kaiko Research TeamIndices
06/02/2025 Index in Focus
Capturing the Layer-2 NarrativeThis week we’re launching something new, the Kaiko Index in Focus. In our first edition we’re looking at the Kaiko Layer-2 Index, a sector index tracking L2s across Bitcoin and Ethereum.
Written by Adam Morgan McCarthyMacro
03/02/2025 Data Debrief
Tariff Driven TumultFears of an escalating trade war are weighing on Bitcoin and other risk assets after the U.S. imposed tariffs on China, Canada, and Mexico, prompting retaliation from Canada. Meanwhile, the SEC has approved another joint BTC and ETH ETF, and Trump-affiliated product websites have begun accepting TRUMP and MELANIA tokens as payment.
Written by The Kaiko Research TeamETF
30/01/2025 Deep Dive
ETF applications are eating the worldIts a who’s who of hedge fund managers in Miami this week as conference season kicks into gear. For the second year running the south Florida skyline lit up with the BTC symbol as well as a homage to US President Donald Trump. With this symbolic celebration of crypto’s ascends into the mainstream we’re looking at the latest ETF applications and just how likely it is we’ll see a Dogecoin or Bonk product hit the market.
Written by Adam Morgan McCarthyETF
27/01/2025 Data Debrief
ETF Filing FrenzyBitcoin fell below $100K early Monday as Chinese AI app DeepSeek gained popularity, triggering a risk-off market rout. Meanwhile, the U.S. SEC revoked SAB 121, allowing banks to offer crypto custody without accounting for clients’ assets as liabilities, and the U.S. President signed an order to form a crypto regulation group and explore a national Bitcoin reserve
Written by The Kaiko Research TeamMemecoins
20/01/2025 Data Debrief
Trump takes over memecoinsBitcoin and several altcoins hit an all-time high as markets anticipate a flurry of executive orders following President-elect Donald Trump’s inauguration today.
Written by The Kaiko Research Team
