How does Bybit's CEO Ben view memecoins, listing strategies, and the insistence on applying for a Hong Kong license?
Edited by WuBlockchain Recently, Bybit held an online media conference where CEO Ben Zhou and Shunyet Jan, Head of Institutional and Derivatives Business, shared updates on Bybit’s current development and outlook. Below is a summary of WuBlockchain’s notes: Thoughts on the polarizing performance of VC tokens and memecoins Currently, there is a palpable skepticism toward “VC tokens,” as many perceive them as “pump and dump” schemes — projects packaged with VC capital that are quickly cashed out. VCs have gradually lost their reputational value in the crypto space, with “VC” often evoking negative connotations. This model feels overly traditional. On the other hand, the memecoin phenomenon is fascinating. Many memecoin projects are entirely community-driven, with founders often holding little to no tokens, funds, or resources. For example, some teams operate on minimal budgets and have no token reserves, yet manage to attract attention through sheer community enthusiasm. They distribute ...