status-bydesign on both the badge and reputation counts.
Keep in mind that the requirements for the Copy Editor Badge are as follows (bold emphasis mine):
Edit 500 posts (excluding own or deleted posts and tag edits)
If you look at your reputation tab you'll note that there are a number of deleted posts that correspond to the edits you made. Since those posts are deleted now, they don't count to your badge (and the rep +2s you did get from the edits there are gone because of the deletion).
This applies perpetually, so you need to edit more in order to get the badge, and not have the posts be deleted. There is also a lag time between getting the "post amount" and the badge actually being awarded due to automatic processes, so keep that in mind as well.
Note that once you do earn the Copy Editor badge it stays, so you won't lose it once you do earn it.
You might want to read more on Meta.SE about how badges work.
There is a reputation gain limit for edits. The cap for gaining reputation with edits alone is 1000. Judging by the huge number of edits you've been doing, and your claims that you aren't getting your 500 edits badge, you've likely hit this cap, and thus will no longer receive reputation just from edits (500 edits times 2 rep per edit equals 1000 reputation from edits, i.e. the rep cap).
So, if you want more reputation, you now need to contribute beyond just doing edits.
There's two additional points to keep in mind as well, though they only apply of the rep cap hadn't been reached:
If you have pending edits that haven't been accepted, you won't get rep until those are approved, provided that you haven't hit a rep cap for edits already.
If you check your rep tab, you'll note that when posts got deleted you lost the edit rep points. Which means you're actually -8 reputation from yesterday currently.