Bybit Endorses Scroll v5.9.2 Network Upgrade
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 18 2025
Bybit Network Upgrade Announcement: Bybit has announced its support for the Scroll (SCR) v5.9.2 network upgrade scheduled for August 19, 2025, at 04:00 AM UTC, emphasizing its role in facilitating secure transactions.
Impact on Deposits and Withdrawals: During the upgrade, both Bybit and Upbit will suspend deposits and withdrawals of Scroll (SCR) to enhance network security and infrastructure alignment.
Market Sentiment and Volatility: Traders are preparing for potential volatility in SCR prices post-upgrade, with cautious optimism about opportunities in both SCR and Ethereum, reflecting interest in Layer 2 scalability solutions.
Historical Context and Predictions: The upgrade mirrors past major network updates where exchange coordination was vital, and experts predict that improved network security could attract new investments, with a generally positive outlook based on historical trends.
About the author
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
