Bybit Partners with Imrat Group to Launch USDT-Based Stock Trading
Bybit, a leading cryptocurrency exchange, has teamed up with international hedge fund Imrat Group to introduce a groundbreaking USDT-based stock trading service. This collaboration enables crypto traders to invest in major global stocks like Apple, Tesla, Nvidia, and Amazon directly using the USDT stablecoin, eliminating the need for fiat conversion. Leveraging Bybit’s robust technological infrastructure and Imrat Group’s investment ecosystem, the new offering also includes leveraged trading options, further bridging the gap between traditional equities and the crypto market. This innovative move is set to enhance accessibility and flexibility for traders, reinforcing Bybit’s position as a pioneer in crypto-financial integration.
Bybit and Imrat Group Launch USDT-Based Stock Trading
Bybit, a leading cryptocurrency exchange, has partnered with international hedge fund Imrat Group to introduce USDT-based stock trading. The collaboration allows crypto traders to purchase major global stocks—including Apple, Tesla, Nvidia, and Amazon—directly using the USDT stablecoin, bypassing fiat conversion.
The integration leverages Bybit’s technological infrastructure and Imrat Group’s investment ecosystem, offering Leveraged trading for stocks and IPO/ICO products. This move signals growing institutional adoption of crypto as a medium for traditional asset trading.
SUI Ecosystem Rocked by $220M Cetus Protocol Hack Amid Market Recovery
The sui blockchain’s decentralized exchange Cetus Protocol suffered a $220 million exploit on May 22, triggering a 10% price drop in SUI tokens. Security firm GoPlus identified an overflow check failure in mask calculation as the root cause - a critical flaw in the liquidity pool’s mathematical safeguards.
Cetus has offered a $6 million bounty for the hacker’s identification, mirroring Bybit’s recent post-breach strategy. The incident underscores persistent vulnerabilities in DeFi protocols during crypto’s fragile recovery phase, with algorithmic trading pools proving particularly susceptible to sophisticated attacks.
