PancakeSwap has partnered with BetFury to launch a $50,000 trading competition running from December 24, 2024, to January 12, 2025.

Daily Top Performer — Phala Network (PHA)

The S&P 500 rose 1.1%, marking its third straight gain and the start of the Santa Claus rally. Growth and megacap tech stocks led, driven by optimism in AI and long-term tech trends, despite elevated Treasury yields. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.18%, with Bitcoin and Ether rising by 4.52% and 1.90%, respectively in the past 24 hours.

Today's top performer is PHA, which surged 63.4% after the announcement of Phala Network's 2024 achievements and 2025 roadmap, featuring decentralized GPU AI advancements and strategic partnerships.

The Phala Network (PHA), founded in 2018, is a decentralized cloud computing platform that uses excess computing power from everyday devices. It operates with Gatekeeper and Miner nodes, offering secure and scalable cloud services. Phala also launched Khala (PHA) on the Kusama network in 2021. 

 include co-building a decentralized GPU network, enhancing AI model training, and partnerships with projects like SentientAGI and MorpheusAIs. The Phala Treasury allocated 37% to infrastructure, 20% to community, and 43% to marketing. Social media efforts generated millions of impressions and engagements, while the network participated in six events and established 15 partnerships. Phala 2.0, launching in 2025, will integrate GPU TEE technology and Ethereum Layer 2 scalability for AI and Web3 applications.

Check Out the Latest Prices, Charts, and Data of 

 to launch a $50,000 trading competition running from December 24, 2024, to January 12, 2025. Participants can earn rewards by trading BFG tokens on the PancakeSwap Web interface or Telegram Swap-Bot. The competition includes daily lucky draws with $10,000 USDT, a leaderboard with $30,000 in BFG tokens for top traders, and $10,000 USDT for traders using the Telegram Swap-Bot. To qualify, participants must meet specific trading volume requirements, with rewards distributed in USDT and BFG tokens.

Yesterday, Bitcoin Spot ETF flows remained unchanged for GBTC, while non-GBTC ETFs experienced outflows of $149.7 million, bringing total outflows to $149.7 million.

: Astherus lets you farm while qualifying for Lista DAO Season 2, while Superform involves depositing ETH on Base via Moonwell WETH Morpho vault. Mitosis allows Linea airdrop qualification by holding funds, and Symbiotic rewards large token deposits on Ethereum mainnet. Mind Network offers bigger airdrop allocations for farming vFHE by depositing eETH. Solayer requires depositing and delegating SOL or derivatives to rank higher, and Drift's second airdrop involves liquid staking SOL to earn and lend dSOL.

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PancakeSwap and BetFury Launch $50,000 Trading Competition with BFG Token Rewards

In this tutorial, we’ll explore how you can complete a series of tasks in Orochi Network for Bybit Web3 Airdrop Arcade.

In this tutorial, we’ll explore how you can complete Orochi Network tasks for Bybit Web3 Airdrop Arcade. 

Task 2: Quote Orochi Network's Post and Tag 3 Friends

: Navigate to Orochi Network’s pinned post on X.

: Quote the tweet with your thoughts, and tag 3 friends.

 button at the top right corner of the page.

: The Orochi ID window will pop up. You may choose to sign up for an Orochi ID using your Google account, GitHub or email address.

: Congratulations! You’ve successfully created your Orochi ID. 

Task 4: Join the Contribute to Earn Program

: Connect your Wallet, Google account and Discord to be eligible.

: Once you’ve successfully connected all accounts, you’ll have completed this task.

 all of the four tasks above for your chance to 

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How to Complete Orochi Network Tasks for Bybit Web3 Airdrop Arcade

MegaETH is an EVM-compatible blockchain with real-time Web 2.0–level performance. Learn more about MegaETH.

 has long been a formidable challenge for the blockchain industry. Most established chains maintain decentralization and security, but struggle with limited scalability while high-performance 

 (L1) blockchains often compromise decentralization to achieve high throughput. 

What if we could push throughput to unprecedented levels without compromising security or decentralization? 

Enter MegaETH — a project backed by industry leaders such as Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin and Dragonfly Capital. With the first real-time 

 (EVM)–compatible chain —i.e., one that can process transactions as soon as they arrive, and then publish the resulting state changes — MegaETH aims to redefine blockchain performance. In this article, we delve into the scaling limitations of current blockchains and examine how MegaETH aims to solve them. Let's dive in!

The blockchain trilemma has posed a significant challenge for 

 developers for years. As Ethereum co-founder Vitalik Buterin explains, distributed ledger networks can only achieve two out of three critical qualities (security, decentralization and scalability) by using simple techniques. 

As a result, most high-performance chains, such as Solana, Avalanche and BNB Chain, often compromise on decentralization or security to achieve scalability.

To address the scalability challenges of L1 networks, developers have introduced 

 (L2) solutions, which operate on top of blockchains such as Ethereum. These L2 chains achieve 

 (TPS) while leveraging the security and decentralization of their underlying L1s. However, according to MegaETH, both high-performance L1 and L2 networks fall short of meeting the demands of Web 2.0–scale applications, particularly in terms of 

As shown in the table above, the blockchain with the highest scalability, opBNB, achieves a gas rate of 100 MGas/s, equivalent to 650 Uniswap swaps or 3,700 

 transfers per second. In comparison, modern databases can 

 over 1 million TPC-C TPS. While Arbitrum One, the fastest chain listed, offers a block time of 0.25 seconds, this remains insufficient for applications requiring rapid feedback or high update rates. 

These limitations in both scalability and speed make current high-performance L1s and L2s ill-suited for Web 2.0 applications with significant computational demands.

 is an EVM-compatible blockchain with real-time Web 2.0–level performance. With the goal of bridging the gap between distributed ledger networks and traditional cloud computing servers, the project aims to push the performance of Ethereum-based L2s to hardware limits. As the first real-time blockchain, MegaETH can stream transactions at 100,000 TPS with transaction fees under $0.01, and provide millisecond-level responsiveness without sacrificing security or decentralization.

MegaLabs, the organization behind MegaETH, was founded in early 2023 by Shuyao Kong and Yilong Li. Holding an MBA from Harvard Business School, Kong has a background in business development within the blockchain industry. Prior to co-founding MegaLabs, she was the global head of business development at ConsenSys, where she continues to serve as an advisor.

As the Chief Executive Officer (CEO) of MegaLabs, Li has a PhD in computer science from Stanford University. An experienced software developer, he previously worked at Runtime Verification Inc., a firm specializing in software analysis tools and the application of formal methods to improve computing systems.

Together, Kong and Li founded MegaLabs in early 2023 to leverage their business development and computer science expertise to build MegaETH as the first real-time blockchain.

 $20 million of funding in a single seed round at a 9-figure valuation. The round was led by Dragonfly Capital, with other notable venture capitalists including Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holdings, Tangent Ventures and Credibly Neutral. In addition to VCs, MegaETH is backed by high-profile angel investors, such as Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin and EigenLayer creator Sreeram Kannan.

 on crypto trader Cobie’s decentralized fundraising platform, Echo. The round was fully funded within minutes and oversubscribed, showing significant investor demand.

MegaETH achieves over 100,000 TPS with less than 1 ms latency and block time, as well as transaction fees under $0.01, via two core features: a heterogenous blockchain architecture and a hyper-optimized EVM execution environment.

MegaETH's heterogeneous blockchain architecture enables network nodes with different hardware configurations to specialize in specific tasks to boost performance.

There are three types of nodes: sequencers, full nodes and provers. With cutting-edge hardware, a small set of sequencers conduct performance-critical tasks such as transaction execution. Simultaneously, a massively decentralized network of full nodes performs security-critical duties such as block validation. Provers have the lowest hardware requirements, and focus on providing L2 proofs to full nodes.

Hyper-Optimized EVM Execution Environment

MegaETH provides a hyper-optimized EVM execution environment to push latency, throughput and resource efficiency to hardware limits. Consequently, the real-time blockchain can process large volumes of transactions as soon as they arrive, and publish the resulting state changes in a few milliseconds.

To enable real-time EVM execution, MegaETH co-designed a low-latency, streaming-based block-building algorithm with a concurrency control protocol supporting transaction prioritization.

MegaETH's real-time blockchain scales without sacrificing decentralization and security through the following key components and features.

 is an extension of the MegaETH core team. It consists of a group of 10x builders hand-picked by MegaETH developers. According to the project, MegaMafia participants have "an internal compass guiding them toward crypto's world domination."

MegaETH defines three common qualities for MegaMafia members:

MegaETH is setting a new standard for blockchain scalability, addressing long-standing limitations without compromising decentralization or security. By combining innovative architectural decisions with technologies like real-time EVM execution, in-memory computing and smart contract JIT compilation, this real-time L1 chain delivers unmatched performance tailored for Web 2.0–scale applications.

Supported by high-profile investors, such as Vitalik Buterin and Joseph Lubin, MegaETH is poised to bridge the gap between blockchain and traditional computing, unlocking new possibilities for decentralized applications. The project is on track to launch its testnet in early 2025, with the mainnet rollout soon thereafter.

Advanced

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MegaETH: A Real-Time Blockchain for Web 2.0–Scale DApps

Grayscale has launched the Horizen Trust, a fund that allows qualified investors to gain exposure to the cryptocurrency ZEN without the need to buy, store, or safeguard it.

Daily Top Performer — Convex Finance (CVX)

The S&P 500 rose 0.73%, driven by big tech and communication services, as investors anticipate a "Santa Claus Rally" to close the year. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.61%, with Bitcoin dropping by 2.58% and Ether rising by 4.32%, respectively in the past 24 hours.

Today's top performer is CVX, which surged 28.1% following Frax's consideration of BlackRock's BUIDL token as backing for the rebranded frxUSD stablecoin.

Convex Finance (CVX), launched in May 2021, is a DeFi protocol that boosts yields for Curve protocol users on Ethereum. It allows for staking to earn CRV and CVX tokens and provides voting rights on token allocations. Securitize has 

 adding BlackRock's BUIDL token as backing for Frax's rebranded Frax USD (frxUSD) stablecoin, which will feature a new mint-redeem system. Early feedback from Frax DAO members is positive. Competing proposals from Superstate also suggest backing frxUSD with their tokenized funds. The final backing structure is still undecided.

, a fund that allows qualified investors to gain exposure to the cryptocurrency ZEN without the need to buy, store, or safeguard it. The fund's shares track the market price of ZEN, net of fees. While the shares have been traded at both a premium and discount, the fund aims to provide a simpler way for investors to gain exposure to ZEN. Grayscale is also expanding its offerings, with plans for a Solana spot ETF.

Yesterday, BTC Spot ETFs recorded total outflows of $258.2 million, including $38.4 million from GBTC and $219.8 million from non-GBTC funds.

, distributing $SONIC tokens to those who participate. Over 2 million users have joined through an easy onboarding process, requiring no wallet setup or gas fees. To qualify for the airdrop, users must log in via TikTok, access SonicX, and wait for the $SONIC claim banner. SonicX, part of the Sonic SVM app layer, uses TikTok ads and creator partnerships to promote its gaming and blockchain education hub. The project aims to expand its TikTok Chain with new games and future token rewards.

Grayscale Introduces Horizen Trust for ZEN Investment Access

Bybit Learn

Bybit Guide

Bybit’s One-Click Buy lets you sell and buy cryptocurrency assets using fiat currencies with a single click.

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Buying and selling crypto can be as easy as the click of a button. With Bybit, you can easily buy and sell crypto using fiat currencies with a single click in not just one, but 

 ways via One-Click Buy: Bank Card Payment, Apple Pay/Google Pay, Fiat Balance, Third-Party Payment or P2P Trading. 

This article will discuss One-Click Buy’s unique features, answer some frequently asked questions and provide an in-depth guide to using it to buy and sell crypto assets.

One-Click Buy is a Bybit exchange feature that allows you to effortlessly buy and sell cryptocurrency assets with just one click.

 As highlighted above, there are five supported payment methods: Bank Card Payment, Apple Pay/Google Pay, Fiat Balance, Third-Party Payment and P2P Trading. The steps of these payment methods vary, and will be explained in the next section.

The coins you buy will be deposited into your account within 10 minutes of your payment, and at most within 24 hours. If your order has expired despite a successful payment, your transaction will be refunded after seven days.

One-Click Buy is only available via the Main Account. You can choose to make purchases in your Main Account and transfer the assets to your 

Regardless of which method you use to buy crypto coins, you’ll first have to click on 

 at the top left corner of the navigation bar to enter the 

Next, you’ll need to place an order. First, select the fiat currency you wish to pay with and the crypto you want to receive, and enter the amount that you wish to purchase. You can either use the recommended payment method that Bybit curates, based on the current best exchange rate, or select your preferred payment method. 

There are two things to note. First, the payment methods displayed on the order page will vary, depending upon your selected coin and fiat currency. Secondly, Bybit isn’t involved in calculating the exchange rates, which are provided by Bybit’s service partners.

When your transaction is complete, you can check your balance by clicking on 

To buy crypto via bank card payments, select 

Enter your bank card details and click on

Bybit currently supports all Mastercard and Visa cards. If you’ve already added your card, you can proceed to choose the card you’d like to use and click on

: Verify your order details and click on 

 to process your order. It’s important to note that the price indicated on this page will be refreshed every 30 seconds.

: While your order is being processed, you may be prompted to enter a one-time passcode or confirm the transaction from your bank app. The crypto will be credited to your account immediately upon successful completion of the transaction. 

Besides your bank card, you can now easily buy crypto using Apple Pay and Google Pay (till Aug 30, 2024, you can also 

 when you purchase crypto using Apple Pay). 

Please note that this feature is only available in 

: Choose the deposit account and check the payment details carefully before confirming your order. 

: To link your Apple Pay/Google Pay account for the initial deposit, click on 

: When you’ve successfully added/chosen your bank card, click on 

: Enter the security code for your selected card and click on 

: For your current deposit in Google Pay you may need to add a billing address, which will be stored once the transaction is completed. 

If you wish to pay using your fiat balance on Bybit, you must first transfer fiat currency to your Bybit 

. Note that, depending upon the fiat currency and payment method selected, there may be fees associated with your fiat deposit.

After making the deposit, you can proceed to buy crypto. 

: Using BRL/USDT as an example, first select the fiat currency with which you wish to pay (in this case, BRL). Next, select the coin you would like to receive in your Funding Account and enter the purchase amount, based on fiat currency amount or coin amount, according to your preferences. Then, select 

. Note that the reference price will refresh every 30 seconds.

: Confirm that the details you’ve entered are correct, and then click on 

. Once your transaction is complete, the crypto coin will be deposited into your Funding Account within one to two minutes. 

Currently, there are three types of crypto that are accepted via third-party payment: 

: After selecting the fiat currency and deposit amount, pick a payment method listed under

 deposit page, you’ll be prompted to select the fiat currency you want to pay in and the coin you would like to receive in your Bybit account. A list of sellers with reference quotations will appear, according to the fiat currency and crypto coin you’ve selected. 

: Upon picking your preferred service provider, you’ll receive the following payment details, as shown in the reference image below. After checking the details, acknowledge the disclaimer and click on 

. You’ll be redirected to the third-party payment provider’s official webpage to complete the transaction.

Buying coins via P2P trading streamlines the process. Instead of navigating through a long list of sellers to choose your preferred advertisement, you can match with the top-featured sellers with just one click. Simply select your preferred seller listed under P2P, and Bybit will help you match the best offer. You can then proceed with the rest of the P2P transaction (as detailed 

Just as with the process of buying coins described above, the payment methods displayed on the order page will vary, depending upon the coin and fiat currency you’ve selected. You’ll first need to transfer your funds to your Funding Account before selling your coins. 

 to start your transaction. First, select a coin to sell and the fiat currency you wish to receive. Then, enter the amount of coins you want to sell, or the amount of fiat you wish to receive. You can choose the recommended payment method, or pick your preferred one. 

Ensure all your information is correct before clicking on the

If you wish to sell ​​your fiat currency directly to Bybit, it will be converted to crypto at the exchange rate provided, and credited to your Funding Account. 

If you wish to exchange your crypto for fiat currency with another Bybit trader via P2P, similar to the process of buying coins you can select your preferred advertiser listed under P2P, and Bybit will help you match the best offer. After that, you can proceed to complete the transaction (as detailed 

Yes. An Individual Identity verification of at least Level 1 is required, and will take approximately 15 minutes to process.

The transaction limit will vary, depending upon your Identity Verification level (i.e., Level 1 or Level 2). The table below shows the limit for each level, which depends upon the number and frequency of orders:

How to Buy and Sell Crypto Easily With Bybit One-Click Buy

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards