Bybit’s 97,200 USDT Fiat Incentive Program Signals Aggressive Growth Strategy

In a bold MOVE to capture the burgeoning market of first-time cryptocurrency buyers, Bybit has launched a substantial fiat-to-crypto incentive program, backed by a 97,200 USDT reward pool. This strategic campaign, running until April 15, 2026, underscores the intensifying competition among exchanges to simplify and incentivize the onboarding process for new users entering the digital asset space. By directly tying rewards to transactional milestones—including initial deposits, payment processing, and trading volume—Bybit is not just offering a promotional giveaway but is architecting a structured pathway to cultivate active, engaged participants in the crypto economy. This initiative arrives at a pivotal moment, reflecting a broader industry trend where accessibility and user acquisition are becoming as critical as trading features. For bullish practitioners, such aggressive marketing investments by a major exchange like Bybit are a strong leading indicator. They signal confidence in sustained retail demand and represent a direct mechanism to increase liquidity and trading volume on the platform. The deployment of nearly 100,000 USDT specifically to bridge the fiat-to-crypto gap highlights a targeted effort to lower entry barriers, potentially funneling significant new capital into the ecosystem. This program is more than a user acquisition tactic; it's a microcosm of the industry's maturation, where seamless fiat integration is paramount for mainstream adoption. The weekly distribution model also encourages sustained engagement rather than one-off transactions, fostering longer-term user retention. As the campaign progresses through Q1 2026, its success will be a key metric to watch, potentially setting a benchmark for how exchanges leverage stablecoin-denominated incentives to drive growth and solidify market position in an increasingly competitive landscape.

Bybit Launches Fiat-to-Crypto Incentive Program with 97,200 USDT Reward Pool

Bybit has unveiled a targeted campaign to accelerate fiat onboarding, offering new users a share of 97,200 USDT for completing transactional milestones. The exchange's Fiat-to-Crypto Frenzy ties deposit activity, payment processing, and trading volume to weekly reward distributions through April 15.

The initiative reflects growing competition among exchanges to capture first-time crypto buyers. Bybit's structured task system—where each completed action earns Lucky Draw entries—creates measurable engagement while lowering barriers to digital asset acquisition.

South Korea Busts $101.7M Crypto Laundering Ring Using Chinese Payment Apps

South Korean authorities dismantled a sophisticated cryptocurrency laundering operation moving 150 billion won ($101.7 million) through WeChat Pay and Alipay. Three Chinese nationals were arrested for violating foreign exchange laws, marking one of Asia's largest crypto-related crackdowns this year.

The scheme exploited cross-border crypto transfers to obscure illicit funds. Deposits from anonymous clients were converted to virtual assets abroad, then funneled into Korean wallets and cashed out as won—bypassing financial surveillance. Customs officials traced the operation from September 2021 until its June 2025 termination.

This case underscores growing regulatory scrutiny of crypto's role in transnational financial crime. While no specific coins were named, the laundering infrastructure mirrors patterns seen in Tether (USDT) and bitcoin (BTC) cases—assets frequently traded on Binance and other exchanges implicated in prior money laundering probes.

DeepSnitch AI Speculation Surges Amid Ethereum's Push Toward $5k

Speculative fervor surrounds DeepSnitch AI as capital rotates into early-stage tokens, with 100x-300x projections gaining traction. The contrast between DeepSnitch's AI analytics focus and Remittix's payments infrastructure highlights diverging sector bets.

Ethereum regains momentum, targeting the $5,000 psychological threshold. This resurgence coincides with a reported $130 million USDT refund by Tudou Guarantee, a Telegram-based escrow service linked to Cambodian payment processor Huione Group. Blockchain analysts suggest the shutdown could disrupt crypto scam networks.

Market dynamics reveal institutional interest in AI-driven tokens while stablecoin flows indicate tightening compliance pressures. The dual narrative of speculative upside and regulatory cleanup frames Q3's investment theses.