Bybit Report Highlights Institutional Shift to ETH, SOL, and RWAs as Stablecoins Lose Favor

Institutional investors and influential traders are increasingly directing their capital towards ethereum (ETH) and Solana (SOL), as revealed in Bybit's latest Smart Money Report. The report underscores ETH derivatives, especially Liquid Collective’s staked ETH (LsETH), as a leading holding, reflecting robust confidence in Ethereum's utility. Solana, which had previously underperformed, has made a strong comeback during the current bull market. Meanwhile, interest in stablecoins appears to be waning, with capital flowing instead into real-world assets (RWAs). This shift signals a broader trend of diversification and risk appetite among smart money players in the crypto space.

Smart Money Flows Into ETH, SOL, and RWAs, While Stablecoins Decline: Report

Institutional investors and influential traders are shifting their focus towards Ethereum (ETH) and Solana (SOL), according to Bybit's latest Smart Money Report. The analysis highlights ETH derivatives, particularly Liquid Collective’s staked ETH (LsETH), as a top holding, signaling strong confidence in Ethereum's utility. Solana, once lagging, has rebounded sharply during this bull run.

Real-world assets (RWAs) are emerging as a dominant narrative in DeFi, with ONDO Finance (ONDO) leading the charge. Its integration of traditional and decentralized finance is attracting significant capital. Meanwhile, stablecoin movements suggest the current market rally may have further room to run.

Portfolios now reflect broader diversification, with BTC, ETH, ONDO, UNI, and WLD driving allocations. This trend underscores a maturing market where both professionals and retail investors are weighing multiple opportunities.

Arkham Intelligence Uncovers $14 Billion Bitcoin Heist, Surpassing Bybit's $1.5 Billion Theft

On-chain analytics platform Arkham Intelligence has revealed the largest crypto hack in history—a $3.5 billion Bitcoin theft from Chinese mining pool LuBian in December 2020. The stolen BTC, now valued at $14 billion, dwarfs Bybit's $1.5 billion breach this year.

The heist targeted LuBian, once a major player with 6% of Bitcoin's hash rate. Hackers drained 127,426 BTC in a series of attacks starting December 28, 2020, before siphoning another $6 million in BTC and USDT from Omni-layer addresses. LuBian quietly rotated remaining funds to recovery wallets, with neither party acknowledging the breach.