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

Crypto

Bitcoin

Everyone knows the name Satoshi Nakamoto, but actually who is the creator of Bitcoin? In this article, we investigate the biggest mystery in crypto.

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Who invented the light bulb? Thomas Alva Edison. Who discovered the theory of relativity? Albert Einstein. And who invented the world’s most well-known cryptocurrency, Bitcoin? Everyone in the world of crypto knows the name Satoshi Nakamoto, but no one knows for sure who this person taking this name is. Even Google fails to produce any concrete answers, leaving unanswered one of the biggest mysteries of the 21st century: Who is Satoshi Nakamoto, the inventor of Bitcoin?

is the hottest cryptocurrency today, called digital gold by some. It is the first cryptocurrency ever, and was created with decentralized

technology. It was available for public use in 2009, and the success it garnered in the upcoming years made people curious about the brain behind it.

The legend of Bitcoin’s creator Satoshi Nakamoto began on October 31, 2008 with publication of a white paper titled 

Bitcoin: A Peer-to-Peer Electronic Cash System

. Someone using the same name was contacting people through emails regarding this revolutionary idea. 

On January 9, 2009, Bitcoin was open for the public to use. Nakamoto mined the first block, known as the genesis block, himself. 

While a supporter of digital coins in their decentralized form, Nakamoto was also aware of the problem of double-spending, which he tried to address with his distributed network. For this mystery genius, the double-spending problem was a fault of the inefficiencies of the third-party intermediaries, which were mostly banks. He even displayed his mistrust with a hidden message inside the genesis block.

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

 Satoshi Nakamoto believed that Bitcoin could replace these intermediaries by enabling trust through cryptographic verification

 With time, Bitcoin and other cryptocurrencies that followed have shown that promise.

Until the middle of 2010, Satoshi Nakamoto remained active in the direct development of code for Bitcoin. He was collaborating with other developers as well. But then he disappeared altogether, 

 Gavin Andresen and other developers. On April 26, 2011, he made one last contact with them, never to be heard from again.

Everything we know about this man is mere speculation. 

Let us start with the name itself — Satoshi Nakamoto. We know this name because he used it in publishing the white paper, popularly known as the Satoshi Nakamoto paper. People believed it to be his real name. Several tech enthusiasts from around the world set out on a quest to find him. But when this name got them nowhere, it was believed to be a pseudonym and not his real name. 

He would be 46 years old today per the claims, the strongest of which comes 

 P2P Foundation profile. His birthdate is given as April 5, 1975, and he is introduced as a man living in Japan. That is where the knowledge of his gender and birthdate seems to emerge as well. Since Satoshi

is considered a masculine name in the Japanese culture, people believe him to be a man.

However, experts around the world are not sure about his Japanese origin. They cite his native level of English proficiency as one reason for their skepticism. They believe him to be someone from the commonwealth region, due to his employing UK English. Also, they say it is a bit strange for a person living in Japan to have a UK paper headline as his hidden message.

Both believers and nonbelievers of the “Japanese guy theory” have their own speculations. While his identity remains a mystery, there is a guaranteed consensus about his genius. Expert programmers and software engineers from everywhere were astonished by the level of sophistication of the code. While some labeled him as a genius, others were sure that this was not the handicraft of one man. Thus, the claims grew even wilder. For some, Satoshi Nakamoto was no longer a person, but rather a group of individuals. 

Over the years, there have emerged many willing and unwilling contenders for the name. However, the following people have gripped the public imagination longer than others. 

In 2014, an article published in the magazine 

confirmed his identity beyond doubt. The journalist quoted him as saying something which was very similar to what the original Nakamoto had said in his last message: 

I am no longer involved in that, and I cannot discuss it. It’s been turned over to other people. They are in charge of it now. I no longer have any connection.

People were sure about his identity. But he denied the claim, saying he had misunderstood the question. That same year, Nakamoto apparently posted another message from his account:

” it read. However, no one knows if it was really Satoshi who had posted this message. He also claimed in a subsequent interview that he had misinterpreted 

 journalist Leah McGrath Goodwin’s questions as pertaining to classified work he had done.

How Much Bitcoin Does Satoshi Nakamoto Own?

itcoins. His first reward for mining the genesis block was 50 BTC. After that, experts believe that he mined thousands of blocks himself, giving himself the ownership of an estimated 1.1 million bitcoins. After that, according to a cryptography researcher 

 Sergio Demian Lerner, he stopped Bitcoin mining in order to let others also gain from it as well. Lerner asserts that these bitcoins now belong to crypto addresses which came into existence at the beginning of 2009. If this is true, Satoshi Nakamoto has not spent a single bitcoin since then. And now he is most definitely one of the wealthiest people on the planet.

When Satoshi Nakamoto parted ways with Bitcoin, it was ready to take off on its own. Since then, it has broken records beyond expectations. Satoshi’s identity today does not affect the utility of Bitcoin or the future of cryptocurrencies in any manner. The crypto world has already moved ahead, and is addressing the limitations of Bitcoin itself — which do exist, despite the decentralized nature of cryptocurrency, and are now popping up. Nonetheless, people will continue to ponder who the real genius behind this marvel is. In the meantime, the only sure knowledge we have is that Nakamoto did not want to reveal himself — and he did a great job of that. Indeed, Nakamoto’s true identity may never be known.

Who Is Satoshi Nakamoto?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards