Bybit Hack by the Numbers

Insights. 

Our Data Debrief and Deep Dive insights are published twice a week and you can subscribe to them here.

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...

  • 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.

  • DeFi

    17/03/2025 Data Debrief

    Anatomy of market manipulation in DeFi

    Bitcoin 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.

  • Stablecoin

    10/03/2025 Data Debrief

    Stablecoin Adoption Amid New Rules

    Bitcoin 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.

  • Indices

    06/03/2025 Index in Focus

    A Standard for Benchmarking Success

    This 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.

  • Macro

    03/03/2025 Data Debrief

    Altcoin volatility surges on strategic reserve news

    After 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.

  • Indices

    27/02/2025 Index in Focus

    Diversified Access to DeFi

    This 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.

  • CEX

    24/02/2025 Data Debrief

    Bybit Hack by the Numbers

    Despite 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.

  • Indices

    20/02/2025 Index in Focus

    Moving Beyond Bitcoin with the KT5 Index

    This 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.

  • Binance

    17/02/2025 Data Debrief

    Liquidity lowdown: asset ranking

    Markets 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.

  • Indices

    13/02/2025 Index in Focus

    Fly, EAGLE Fly

    This 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.

  • CEX

    10/02/2025 Data Debrief

    Coin earnings

    Markets 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.

  • Indices

    06/02/2025 Index in Focus

    Capturing the Layer-2 Narrative

    This 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.

  • Macro

    03/02/2025 Data Debrief

    Tariff Driven Tumult

    Fears 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.

  • ETF

    30/01/2025 Deep Dive

    ETF applications are eating the world

    Its 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.

  • ETF

    27/01/2025 Data Debrief

    ETF Filing Frenzy

    Bitcoin 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

  • Memecoins

    20/01/2025 Data Debrief

    Trump takes over memecoins

    Bitcoin and several altcoins hit an all-time high as markets anticipate a flurry of executive orders following President-elect Donald Trump’s inauguration today.

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