Bybit, the crypto derivatives and spot exchange, finished 2025 with the second-highest trading volumes, following a $1.5 billion hack in February 2025. CoinGecko's analysis shows Bybit processed about $1.5 trillion in total trading volume for the year, capturing 8.1% of the global centralized exchange market. The February breach, attributed to North Korean exploits targeting cold-wallet infrastructure, remains the largest crypto hack on record. In response, Bybit kept withdrawals open and honored user transactions, with CEO Ben Zhou publicly addressing concerns and confirming liquidity arrangements supported by external partners. The year’s broader trend, meanwhile, saw Bitcoin and other assets rally, helping several exchanges to post higher volumes even as security scars persisted. Key takeaways Bybit reclaimed a prominent position in 2025, posting about $1.5 trillion in total volume and an 8.1% market share despite a February security breach described as the largest crypto hack...

Regulators in Washington signaled a shift toward coordinated crypto oversight as the US CFTC said it would join the Securities and Exchange Commission's ongoing Project Crypto initiative. In remarks prepared for an SEC-CFTC discussion on harmonizing digital asset regulation, CFTC Chair Michael Selig said the agency would partner with the SEC to articulate a clear taxonomy for crypto assets, define jurisdiction more precisely, and reduce duplicative compliance requirements that raise costs and confuse market participants. The move comes as Congress debates a digital asset market structure bill and as markets watch for clearer guidance on how different assets are regulated. This collaboration signals a practical step toward a more streamlined and predictable regulatory environment for innovative finance in the United States, with implications for traders, developers, and traditional financial institutions alike. Key takeaways The CFTC will align with the SEC on Project Crypto to es...