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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 ...

In a rapidly globalizing world, SMEs in emerging economies face unique challenges in accessing the global financial system, but the rise of stablecoins offers a promising solution. Small businesses in developing countries face many financial challenges that stablecoins can address. DLTPAY, a Web3 payment and DeFi platform, offers a unified solution to access stablecoin operations and other Web3 services. Small and medium enterprises (SMEs) serve as the backbone of global economic development, comprising 90% of all businesses and accounting for 50% of worldwide employment, according to the World Bank. Their contributions span the gross domestic product (GDP) of developing and developed countries, but emerging economies depend even more on them. Overcoming financial barriers for emerging economies In Sub-Saharan Africa, a region home to 44 million SMEs, these enterprises sustain 80% of the populace, fueling economic growth and development. In Kenya, the small business sector makes up...