Aave has integrated Chainlink’s Smart Value Recapture (SVR) on Ethereum Mainnet to recapture liquidation-related MEV, historically lost to block builders, and redirect it to DeFi apps.

The S&P 500 fell 1.53% last week amid tariff concerns, with investors awaiting jobs data and earnings. Gold dips to $3,025 as Ukraine peace talks reduce safe-haven demand, but Fed rate cut expectations may limit losses. Market focus shifts to U.S. retail sales data for further direction. CoinDesk Indices, which tracks the broader crypto market, rose 1.06% in the past 24 hours, Bitcoin dropped 0.75%, while Ether rose 0.07%. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is ZRO, up 9.3%, as Wyoming partners with LayerZero for multichain stablecoin development.

LayerZero (ZRO), launched in 2021, is a cross-chain interoperability protocol enabling secure blockchain communication. It has raised $260M+ and reached a $3B valuation. Supporting 48 blockchains, its V2 upgrade enhances security and programmability. Its first DApp, Stargate Finance, enables seamless cross-chain transfers. Wyoming Stable Token Commission has 

 with LayerZero to develop the WYST stable token, announced at the DC Blockchain Summit. Test WYST has been deployed on multiple blockchain testnets using LayerZero’s Omnichain Fungible Token standard, meeting legislative requirements for a multichain stable token. The Commission aims to launch a fiat-backed, fully reserved stablecoin soon.

Check out the latest prices, charts, and data of 

 Chainlink’s Smart Value Recapture (SVR) on Ethereum Mainnet to recapture liquidation-related MEV, historically lost to block builders, and redirect it to DeFi apps. Developed with BGD Labs and Flashbots, SVR enables Aave to reclaim Oracle Extractable Value (OEV) from liquidations, boosting protocol revenue. Initially applied to select markets (tBTC, LBTC, AAVE, LINK), the recaptured revenue will be split between Aave (65%) and Chainlink (35%). SVR is also the first Chainlink service integrated with Payment Abstraction, allowing seamless LINK conversions for fees. Future upgrades will enhance decentralization, gas efficiency, and cross-chain functionality.

The BTC spot ETF data for the week of March 24–28, 2025, shows a total of $196.4 million in Non-GBTC, with no changes in GBTC. The week's total was negative due to a significant drop on March 28, where Non-GBTC was down by $93.2 million. The current total from inception stands at $36,334 million for Non-GBTC and -$22,526 million for GBTC.

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Aave integrates Chainlink SVR to recapture MEV and boost DeFi revenue

Mar 31, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — Payroll is expected to further soften

US employers likely slowed hiring in March amid rising consumer caution and a dimmer economic outlook due to concerns over higher tariffs. Payrolls increased by 138,000, falling short of the 151,000 rise from the previous month, marking the slowest average job growth since October. The unemployment rate is expected to remain at 4.1%.

The labor market report comes as economic data shows a significant slowdown in Q1, with personal spending barely rising, soft disposable income growth and declining consumer sentiment over inflation fears.

Federal Reserve Chair Jerome Powell and other Board of Governors members will address the economic outlook shortly after the jobs data release next Friday. The anxiety surrounding President Trump's aggressive trade policies is mounting, especially with the expected significant tariff increase on imports.

Trump stated he is unconcerned about potential auto price hikes due to these tariffs. 

 predicts that effective tariffs could reach around 15% next year, the highest in nearly a century, which may keep the Fed from lowering rates amid inflation risks.

With consumer confidence waning, any significant drop in job growth could heighten economic concerns. Upcoming manufacturing and services surveys from the Institute for Supply Management (ISM) and S&P Global are anticipated to provide further insights.

Weekly crypto highlight — Ether doubts mount as volatility rattles market

Vitalik Buterin, Ethereum’s founder, was once celebrated as a visionary in the cryptocurrency realm. Known for his quirky style and idealistic views, he’s aimed to revolutionize finance and digital life via Ethereum, a significant competitor to Bitcoin. However, as Ethereum enters its second decade, it’s struggling to meet early expectations amid a rapidly evolving industry influenced by political shifts, notably under Donald Trump.

Developers are leaving, early supporters are frustrated — and Ethereum's token (ETH, or Ether) has underperformed compared to Bitcoin and other competitors. Complaints about Buterin's leadership have intensified, leading him to express the challenges of maintaining a positive environment for talent within the Ethereum Foundation.

Despite Ethereum remaining the world’s second-largest cryptocurrency, its value plummeted approximately 44% in 2025, marking its worst quarterly performance since 2022. While BTC has gained 30% over the past year, ETH has declined 45%, losing ground to rivals like Solana, which has experienced 83% growth in developer activity.

Analysts have downgraded Ethereum's year-end forecast by 60%, citing an identity crisis and dwindling dominance. At a recent conference, Buterin acknowledged the unmet promises of Ethereum but stressed the need for sustainable long-term value.

Buterin, who authored the Ethereum white paper in 2014 after dropping out of college, envisioned a decentralized platform for digital contracts and applications. Despite Ethereum's speculative highs, he has remained detached from material wealth.

In contrast to the crypto landscape embracing Trump's rhetoric, Buterin has maintained a critical stance, labeling “politician coins” as risky and detrimental to democracy. He hasn’t commented further on these issues, reflecting his commitment to Ethereum's foundational ideals amid shifting industry dynamics.

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Weekly Institutional Insights: US payroll expected to weaken; Ether doubts mount

Following the success of recent Bitcoin and Ethereum Spot ETFs, asset managers are actively pursuing the creation of spot ETFs for altcoins. Learn more here.

US president Donald Trump's return to office has ignited renewed institutional interest in 

 (ETF) applications centered on these innovative digital assets. This surge reflects a growing recognition of altcoins as viable investment opportunities. 

In this article, we’ll take a deep dive into the dynamic 

 landscape, spotlight key altcoins that are drawing ETF proposals and discuss the potential market impact and regulatory challenges. 

An altcoin spot ETF application is a formal request submitted to regulators to create an exchange-traded fund (ETF) that directly holds altcoins (cryptocurrencies other than 

) as underlying assets, allowing investors regulated exposure to the altcoins’ real-time market prices without owning the altcoins themselves.

How does an altcoin spot ETF application work?

The process of applying for such an ETF in the United States involves several detailed steps, primarily overseen by the Securities and Exchange Commission (SEC).

During its review, the SEC assesses several critical factors to determine whether the altcoin is suitable for inclusion in an ETF. The agency examines the market surveillance capabilities of the exchange, ensuring it can effectively monitor trading activities to prevent fraud and manipulation. In addition, the SEC evaluates custody solutions to guarantee secure storage of the altcoin, protecting it against theft or loss. Finally, the agency considers the liquidity and market size of the altcoin, assessing its market maturity through indicators (such as trading volume and market capitalization) to ensure it can adequately support an ETF structure.

Current altcoin spot ETF application landscape

 in the United States in 2024, asset managers have expanded their focus to other cryptocurrencies. Major firms Grayscale Investments, Bitwise, VanEck and Canary Capital have filed applications with the US SEC for ETFs tied to cryptocurrencies such as 

 from Bloomberg Intelligence have assigned a 90% approval probability for a Litecoin ETF in 2025, with 

, Solana and XRP following at 75%, 70% and 65% likelihoods, respectively. 

In the international scene, Brazil's securities regulator, the Comissão de Valores Mobiliários (CVM), 

 Spot XRP ETF, the Hashdex Nasdaq XRP Index Fund. This ETF allows investors to gain direct exposure to XRP through Brazil's B3 stock exchange without the need to purchase and store the cryptocurrency themselves. 

Why is there a sudden rise in altcoin spot ETF applications?

Several factors have contributed to the surge in altcoin spot ETF applications.

An overview of altcoins with spot ETF applications

The growing interest in altcoin spot ETFs has led several asset managers in the US to file applications for a range of digital assets. Below is a detailed list of the altcoins currently targeted by spot ETF applications, along with the companies behind each filing.

 is a high-performance blockchain platform renowned for its scalability, speed and low transaction costs achieved through its unique Proof of History (PoH) 

. In February 2025, the SEC acknowledged several Spot Solana ETF applications from prominent asset managers, as follows.

Currently under review, these applications collectively carry an estimated 70% likelihood of approval, though this outlook may be affected by the regulatory classification of SOL as a security. 

 is a decentralized cryptocurrency launched in 2011 as a faster, lower-cost alternative to Bitcoin. Dubbed "digital silver," it uses a 

 (PoW) consensus mechanism and serves primarily as a payment network.

Several asset managers have submitted applications for a Spot Litecoin ETF.

The SEC’s final decisions are expected by late 2025. Bloomberg analysts estimate a 

 for Litecoin ETFs in 2025, due to Litecoin’s commodity classification and reduced regulatory risks as compared to other cryptocurrencies. Analysts also highlight that Litecoin’s technical similarities to Bitcoin are favorable factors in the ongoing review process.

’s decentralized blockchain platform is designed to enable interoperability between different blockchain networks. Pending DOT Spot ETF applications include the following.

The applications are under review by the SEC, and 21Shares recently 

its application in early March, 2025, indicating active collaboration with the SEC. 

 is a third-generation blockchain platform that uses a 

 (PoS) consensus mechanism, making it more energy-efficient than PoW blockchains. It’s known for its rigorous, peer-reviewed development process and focus on sustainability, scalability and interoperability. 

filed the first-ever (and, so far, only) Spot Cardano ETF application 

 with the SEC, aiming to list the ETF on the New York Stock Exchange (NYSE). 

Grayscale's Spot Cardano ETF application is currently under review by the SEC, with the regulatory body 

 on Feb 24, 2025. The SEC's decision is expected by August 2025. 

 is a decentralized public network that uses the novel 

 (based on a directed acyclic graph, or DAG) to offer high-speed, secure and energy-efficient transactions. It’s designed as an alternative to traditional blockchain systems, supporting applications across various industries like finance, gaming and healthcare. 

The following asset managers have submitted HBAR Spot ETF applications.

The SEC review process for the HBAR Spot ETFs has begun. It can take up to 240 days for a full response. However, HBAR isn’t considered a security by the SEC, which could potentially expedite the approval process for an HBAR Spot ETF. 

 is a decentralized oracle network that helps connect smart contracts to real-world data, ensuring that these contracts can securely and reliably access external information. 

Although no asset managers have filed for a Spot ETF focused solely on Chainlink (LINK), the asset is gaining exposure through broader crypto ETF filings. For instance, Hashdex's crypto ETF, which also features major cryptocurrencies like Bitcoin and Ethereum, includes Chainlink in its portfolio. This ETF application 

 on Nov 25, 2024, and is currently under review.

 cryptocurrency that originated as a satirical take on the burgeoning digital currency market. Despite its humorous beginnings, Dogecoin has developed a significant following and has been used in various charitable events and crowdfunding campaigns. 

Asset managers who have submitted applications for Dogecoin (DOGE) Spot ETFs include the following.

These applications are currently under review by the SEC, and a decision regarding Grayscale's application is anticipated by mid-October 2025. 

 blockchain platform developed by Ava Labs and launched in September 2020. It’s designed to support fast, scalable and secure 

The following asset managers have submitted applications for 

These applications are currently under review by the SEC. 

 is a Layer 1 blockchain platform developed by Aptos Labs, founded in 2021 by former Meta (Facebook) employees Mo Shaikh and Avery Ching. Leveraging the Move programming language, initially created for Meta's Diem project, Aptos aims to deliver a scalable, secure, and efficient infrastructure for DApps. 

As of now, Bitwise Asset Management is the only asset manager that has 

 for an APT Spot ETF. The application, submitted on Mar 5, 2025, is still pending with the SEC.

 is the native digital asset of the XRP Ledger, an open-source blockchain designed to facilitate fast, low-cost and energy-efficient cross-border payments. XRP aims to provide a scalable alternative to traditional financial systems such as SWIFT. 

All of these applications are currently under review by the SEC, with possible approvals expected later in the year.

 is a Layer 1 smart contract platform designed to enhance digital asset ownership by making transactions fast, secure and accessible. Its PoS consensus mechanism and use of the Move programming language enable Sui to support high-speed transactions and a wide range of DApps, positioning it as a scalable solution for various blockchain use cases. 

 with the SEC to launch an ETF tied to the spot price of SUI. This filing represents the first, and for now, only attempt to introduce a SUI-backed ETF in the United States.

The SEC has acknowledged receipt of Canary Capital's application, kicking off the regulatory review process. 

 is an Ethereum Layer 2 blockchain platform built to improve scalability and efficiency. It leverages the Move programming language for faster transaction speeds and lower costs, seeking to establish itself as a next-generation blockchain solution.

 for an ETF designed to track the MOVE token. Submitted on Mar 10, 2025, this marks the first, and currently the only, application for a MOVE Spot ETF.

The SEC is currently reviewing the application, having confirmed receipt.

Could this trend pave the way for crypto mainstream adoption?

The growing number of altcoin spot ETF applications and potential approvals could significantly impact the cryptocurrency landscape, potentially accelerating mainstream adoption. Here's how.

Historical data suggests that significant regulatory milestones, such as ETF approvals, often lead to market rallies. For instance, following the SEC's approval of Bitcoin Spot ETFs in early 2024, Bitcoin's price surged over 

, reaching a peak of $100,000. This rally contributed to the overall cryptocurrency market cap’s climb to approximately $3.5 trillion. Similarly, spot ETF approvals could trigger a bull run, as increased demand drives up prices. With easier access to crypto investments, more individuals and institutions may enter the market, further driving adoption and innovation within the ecosystem.

While the outlook is optimistic, it's essential to approach these developments with caution.

, and their market movements can be unpredictable. Investors should 

 and consider their risk tolerance before investing in cryptocurrencies or related products.

The altcoin Spot ETF landscape is rapidly expanding as asset managers like Grayscale, Bitwise, 21Shares and Canary Capital file applications for digital assets beyond Bitcoin and Ethereum. With ETFs targeting Solana, Litecoin, Polkadot, Cardano and other altcoins, these initiatives aim to enhance market accessibility and institutional participation, though final approval remains subject to regulatory review.

Intermediate

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Crypto ETF landscape: An overview of altcoins with ETF applications

Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

Since hitting a local bottom on Mar 11, 2025, crypto asset prices have experienced a two-week rise, following a recovery above $87K for BTC and $2K for ETH. XRP remains stable, but BTC and ETH are still below their levels from the start of the year. SOL is also down for the year, despite reaching an all-time high (ATH) in January 2025 that coincided with the 

. While derivatives markets aren't bullish yet, they've reversed much of the bearish sentiment, although demand persists for puts on BTC and ETH.

Please check out the report’s highlights.

For most of this past week, perpetual open interest remained flat, reflecting a cautious risk-off sentiment across asset classes. This changed briefly with a partial spot recovery that allowed BTC to reach $88K (a two-week high), which led to slight increases in perp open interest and trade volume primarily driven by BTC. However, trade volumes are still significantly lower than at the start of the month when US president Donald Trump proposed a crypto strategic reserve for the big four tokens.

Negative funding rates point to bearish sentiment

Despite a week of lower realized volatility and positive performance among major crypto assets, funding rates for BTC and ETH contracts have remained mostly negative, indicating that short positions are paying long positions. This reflects a bearish sentiment not present in large-cap altcoins, whose funding rates have fluctuated between positive and negative without a clear directional trend.

Implied volatility levels have dropped by 3–5 points from last week, with 30-day options trading at their lowest level since the year's start. Realized volatility is nearing the 30% low established in late February. As is typical during periods of low volatility, options market activity has decreased, with open interest remaining low and balanced between puts and calls despite about $40M in weekly expirations.

Advanced

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Bybit X Block Scholes crypto derivatives analytics report (Mar 27, 2025): Cautious sentiment prevails despite price recovery

Crypto

Keeping your assets safe is of paramount importance to anybody who owns crypto. In this article, we'll go through the steps you should take to do just that.

The decentralized cryptocurrency model largely transfers autonomy and power to users, which is why many users are drawn to it. However, with that power comes the responsibility of maintaining the privacy of your security keys. Effectively, by having complete ownership of your funds, you become solely responsible for their security.

As more crypto hacks happen periodically, it's common for traders and investors alike to ask how to keep crypto safe. This article will explore various best practices for practical user security.

Blockchain is the underlying technology that keeps crypto secure, due to its decentralized and cryptographic nature. Since decentralization means there isn’t a single point of failure or control, it’s unlikely that hackers can compromise a blockchain network without exhausting their resources. In addition, all cryptocurrency transactions are recorded in blocks and “chained together” in a publicly recorded ledger, so it’s relatively challenging for malicious actors to attempt to alter past transactions without altering any subsequent blocks.

In addition, public key cryptography adds another layer of security, ensuring only a rightful owner with the private key can access or authorize a transaction, and pseudonymous crypto transactions help preserve anonymity.

Still, cryptocurrency has intrinsic value and can be stolen and diverted to new owners instantly and irrevocably, creating a considerable incentive for hackers to target users who don’t take their security seriously. In fact, 

 crypto investors lost nearly $4 billion to crypto hackers and scammers in 2022. Like any investment or financial asset, cryptocurrency comes with its own set of risks and considerations. 

While cryptocurrencies have gained in both popularity and adoption in recent years, it's essential to be aware of the potential risks before investing, and to consider if they’re suitable for your specific circumstances.

All financial assets are susceptible to market volatility, due to their inherently speculative nature, in addition to regulatory oversight and changing political landscapes. The security of crypto may also appear as a double-edged sword for traders due to its irreversible nature. Let's say you send crypto funds to the wrong address, or fall victim to a scam. It may be challenging (if not impossible) to recover your lost funds. In addition, the technical complexity may be challenging for those unfamiliar with blockchain technology and digital assets.

Cold Wallet vs. Hot Wallet vs. Exchange Wallet vs. Web3 Wallet

A cryptocurrency wallet allows users to store, send and receive digital assets, such as Bitcoin, Ethereum or other cryptocurrencies (known as 

). These wallets are secured by private keys, so that only the wallet owner can access, control and manage the assets in the wallet by authorizing transactions.

 to suit different purposes. A cold (offline) wallet isn’t connected to the internet, and is typically in the form of a hardware wallet or paper wallet. These types of wallets are the most secure option for storing cryptocurrencies, as the private keys aren’t exposed to potential online threats and unauthorized access. The trade-off to using an offline wallet is that it requires careful handling to avoid permanent damages, such as accidentally throwing out the offline wallet or misplaced private keys.

On the other hand, a hot (online) wallet is connected to the internet and takes different forms, such as a web-based, desktop or mobile wallet. Compared to an offline wallet, hot wallets are more accessible but at the expense of heightened security infiltration.

An exchange wallet is typically a custodial wallet provided by a crypto exchange to users whenever they create an account on the platform. These custodial wallets are assigned with a unique wallet address to a user, so that they may deposit and withdraw funds. In other words, users entrust their funds to be saved in these wallets, and the providers hold and manage the private keys on behalf of the users.

 (or decentralized) wallet is one of the latest additions to the crypto space, designed specifically for users to interact with decentralized applications (

) on the Ethereum blockchain and other web3-compatible blockchains. These wallets are usually integrated directly into a web browser, allowing seamless interaction with blockchain-based DApps without using external plug-ins.

Ultimately, choosing a crypto wallet depends upon your specific needs and preferences.

Regardless of the type of wallet you choose, remember to practice proper security measures, such as enabling two-factor authentication (

), using strong passwords and keeping backup copies of your wallet's private keys or 

What Happens If I Lose My Wallet’s Private Keys?

As much as we want to keep our wallets safe from prying eyes, accidents are inevitable, regardless of how careful we are. And losing access to your wallet's private keys can have serious consequences, such as permanent loss of funds and access to your account. For example, losing your private keys without a backup means you’ll no longer be able to access the wallet that stores your crypto. These funds may be stuck on an exchange or in a wallet, depending upon the type of wallet you use.

The first thing we’re likely to do when we lose access to our private keys is to look for a backup. However, cryptocurrencies operate on decentralized networks, so there’s no central authority that can help you recover your lost private keys or reset passwords for you. Hence, it’s always advisable to keep a record of your private keys or seed phrases as a backup. 

In rare cases, there are specialized companies that can help you retrieve lost private keys when there’s sufficient information and verification to recover them.

Remember that in the world of cryptocurrency, you alone are responsible for safeguarding your private keys. Being proactive in protecting and securely managing your keys can prevent the distressing experience of losing access to your valuable digital assets.

10 Best Security Practices for Cryptocurrency Users

1. Change your perception of cybersecurity

One steady truth throughout the ages is that we pay fees for the security of the funds in our bank accounts (though “security fees” will never appear on bank statements). Unlike traditional centralized banking financial institutions, decentralized systems such as cryptocurrencies transfer the control and responsibility of security to individual users.

With cryptocurrency, even when we might be excited to complete our first cryptocurrency transaction, we shouldn’t forget there are no longer any security service providers like the ones banks have, and there may not even be regulations in place to provide any protection (depending upon the national or regional regulations in the holder’s location). Therefore, it’s crucial that cryptocurrency users have rigorous security practices in place, such as buying simple and easy-to-use hardware security devices, mastering security protocols and implementing best security best practices, such as those recommended in this article.

2. Choose a trusted crypto trading platform with reliable security incident compensation or insurance mechanisms

The most apparent risk faced by cryptocurrency holders is the theft of coins. Assuming most individual users hold coins on cryptocurrency trading platforms, choosing a trusted platform is of the utmost importance.

There is no benchmark for international security standards or third-party agency ratings for trading platforms in the cryptocurrency industry. Therefore, it’s necessary to properly understand a platform’s security mechanisms before you register, such as the company’s current security investment. Also, it’s important to check if the platform offers any user account security insurance or guaranteed compensation for security breaches.

3. Always stay informed about anti-phishing practices and scams by completing the safety test

Phishing is the most common scam. To avoid being viewed as a “fish” in the eyes of perpetrators, make sure that you’re equipped with knowledge about common “bait-the-hook” techniques.

One example of a phishing email is when a URL that invites you to click on a link is a fake domain name that’s similar to a trusted one — e.g. 

). It could even be a clone website of a commonly used trading platform, such as a phony MetaMask wallet website that “looks real” and tricks you into entering your seed phrase so scammers can instantaneously pick your digital pocket, draining your funds.

, around 65% of organizations worldwide experienced some kind of phishing attack in 2022. If your email has been compromised or if you previously had a compromised account, then phishing emails will be carefully designed to target you. According to statistics, around 96% of phishing attacks come from email.

A reliable method for crypto holders is to complete an anti-phishing security test. The Google online test is a good benchmark (you can take the test 

 It comprises a total of eight questions and requires just 10 minutes of your time. If your score falls short, that means you need to increase your security awareness and try again.

Other common phishing methods include sending gifts or bonuses through fake official social media and community channels, posing as customer support personnel or cloning trading platform CEOs' social accounts. 

4. Always use two-factor authentication (2FA) 

The good news is that most cryptocurrency trading platforms, including 

 or other wallet service providers, require you to use two-factor authentication, such as Google Authenticator or Authy. The trade-off is the hassle of using these tools.

2FA is an additional layer of security used to ensure that only legitimate owners can access their accounts. This “extra” layer means that, in addition to standard passwords and PINs, a platform’s security will also verify a second layer (hence, two-factor). This second factor can be something you own, such as the Google Authenticator app installed on a mobile phone that you carry, or a one-time password sent to your mobile phone via SMS or hardware tokens. These features are used on top of your existing mobile security features (such as fingerprints, iris and/or facial scanners, etc.).

When you install Google Authenticator directly on your computer, you give up an extra layer of protection every time you copy the verification code instead of using a smartphone app. It’s very likely that once a hacker (remote) or a person who has physical access to your computer gains access, your existing layers of protection will be penetrated.

At Bybit, users can bind their accounts with Google Authenticator. The best time to bind your Google Authenticator is immediately after your first login to your Bybit account.

 to learn how to bind your Bybit account to Google Authenticator.

5. Use strong passwords independent of other funds accounts

It’s always the most economical choice for a hacker to try to target a cryptocurrency account with a user’s compromised account and password. Knowing this, a savvy cryptocurrency holder will take the following preventive measures.

First, register a new email account for the cryptocurrency platform to circumvent any previous digital footprint that would allow anyone to hack or clone your account successfully. Secondly, don’t use weak or common passwords.

, a blockchain certificate company, 65% of the Know Your Client (

) verification processes in the world’s top 120 cryptocurrency trading platforms are weak. This means that once your crypto account password has been cracked, a hacker can easily obtain your crypto assets on a trading platform and transfer them to their wallet address, thus leaving little to no chance of retrieving your assets. 

6. Divide assets 70-20-10 to diversify your risk

In addition to trading on platforms using your accounts and cryptocurrencies, it’s common for traders to store crypto assets offline, as one would with cash in a safe. Personal crypto assets — whether in hard wallets, physical storage, desktop wallets or mobile APP wallets — are best allocated to cold, warm and hot wallets in the ratios of 70%, 20% and 10%, respectively, depending upon your individual needs and preferences.

Would you carry your entire net worth around in your wallet?

Most people would consider that reckless — and yet, cryptocurrency users often keep all their crypto in a single wallet. Instead, users should spread the risk among multiple and diverse cryptocurrency storage wallets. Prudent users will keep only a small fraction, perhaps less than 5%, of their cryptocurrency in an online or mobile wallet as “pocket change.” The rest should be split between a few different storage mechanisms, such as a desktop wallet and offline (cold storage).

7. Use a physical wallet that represents future trends

Because most users are far more comfortable with physical security than with digital security, a highly effective method for protecting your cryptocurrency is to store it in a physical form. Cryptocurrency keys are nothing more than long numbers, which means they can be stored physically, printed on paper or etched on a metal coin.

Securing one’s keys becomes as simple as physically securing a printed copy of them. A set of cryptocurrency keys printed on paper is called a “paper wallet,” and many free tools can be used to create them. For example, I would keep most of my cryptocurrency (99% or more) stored in paper wallets, encrypted with BIP-38, with multiple copies locked in safes. Keeping cryptocurrency offline (cold storage) is one of the most effective security techniques.

A cold storage system is one where the keys are generated on an offline system (one never connected to the internet) and stored offline on paper or on a physical device, such as a USB memory stick.

In the long term, cryptocurrency security will increasingly take the form of hardware-tamperproof wallets. Unlike a smartphone or desktop computer, a cryptocurrency hardware wallet has one purpose: to securely hold cryptocurrency. Without general-purpose software to compromise, and with a limited interface, hardware wallets can deliver an almost foolproof level of security to non-expert users.

8. Balance the risk of excessively complex protection to prevent asset loss

The main risk addressed in the many security measures mentioned above is that of stolen crypto assets, whether pilfered on a trading platform or physically stolen. However, overly complicated security measures can actually pose a greater risk.

Data files get lost all the time, and if they’re compromised, the losses are more substantial. For example, in July 2011, a well-known cryptocurrency awareness and education project lost almost 7,000 cryptocurrencies. In their efforts to prevent theft, the owners had implemented a complex series of encrypted backups. In the end, they accidentally lost the encryption keys, making the backups worthless — and losing a fortune as a result.

One important crypto security consideration that’s often overlooked is mortality, especially in the context of incapacity or death of the key holder. Cryptocurrency users are told to use complex passwords, and to keep their keys secure and private, not sharing them with anyone. Unfortunately, that practice makes it almost impossible for a user’s family to recover any funds if that user is no longer available to unlock their assets.

If you have a lot of cryptocurrencies, consider sharing access details with a trusted relative or lawyer. A more complex survival scheme can be set up with multi-signature access and estate planning through a lawyer specializing in “digital asset execution.”

9. Be aware of personal data protection and cryptocurrency-related privacy issues

Personal data protection is a sensitive subject. In the encrypted world, a single trace can identify and associate your personal information (PI) with your cryptocurrencies. Examples include your usernames/IDs on crypto community forums, IP address, smartphone device information, personal info trading platforms, or even inadvertently mentioning on social media the type and quantities of crypto that you own.

Information about a particular wallet address, the crypto service provider (trading platform or wallet) you use or your attendance at a private cryptocurrency conference are all examples of personal data that can potentially be obtained by unscrupulous individuals looking for easy targets.

Guarding your privacy is a logical part of protecting the security of your cryptocurrency assets, but it’s also the only way you can avoid conflict between the encrypted virtual world and the real world.

10. Living in the cryptocurrency world, you’ll need a security expert friend

“My deposit went to someone else’s address.”

“The trading platform’s customer support said that I was caught in a clipboard hijacking malware, and I’ll need to use anti-virus software and check the browser plug-in immediately.”

“What exactly is a clipboard hijacking malware, and what should I do?”

Users in the digital world face problems similar to those in the real world, especially security issues. They have so many questions, with no answers and nobody to turn to. Perhaps having a security expert friend in your daily life would make things much less complex.

Is It Safe to Keep Your Crypto on Bybit? 

Bybit has never been hacked, offers unparalleled security and is among the most reliable crypto exchanges. The platform strongly encourages its users to secure their assets using Google 2FA and setting up anti-phishing code built into the platform. This helps to notify users if there’s suspicious activity — for example, non-matching codes.

 feature to restrict any newly added withdrawal address from being used for a 24-hour period. This helps to prevent any unauthorized withdrawals, should your account be compromised.

The internet is filled with prying eyes, and there will inevitably be websites that attempt to impersonate Bybit. We recommend you use the 

 feature to ensure the legitimacy of any Bybit-related domains or sources of information (such as emails, phone numbers, URLs or social media accounts).

Cryptocurrency is a completely new, unprecedented and complex technology. Over time, we’ll develop better security tools and practices that are increasingly easy for non-experts to use. For now, cryptocurrency users can take advantage of the many tips, such as those listed in the article above, to enjoy a secure and trouble-free cryptocurrency experience.

How to Keep Your Bitcoin and Cryptocurrency Safe (Updated)

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