Mar 24, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — retail buying continues

In a turbulent stock market facing trade issues and economic slowdown fears, retail investors are undeterred, increasing their investments despite mounting losses.

In the week ending Mar 19, 2025, individual traders invested over $12 billion into US equities, significantly above their 12-month average, according to JPMorgan Chase. This aggressive buying suggests that stocks may not have hit bottom yet, as retail investors typically hold on longer during downturns.

This behavior mirrors previous down years, such as 2022, when the equity benchmark fell 19%. Currently, retail investors are facing a 7% loss for the year, while the S&P 500 has dropped 3.7%.

Despite a sharp market sell-off in late February 2025, retail buyers remained active, contrasting with institutional investors who exited US stocks quickly. A recent Bank of America report showed significant stock inflows from both institutional and private clients, totaling $43.4 billion this year.

However, Wall Street sentiment is increasingly bearish, with several major firms downgrading their expectations for US equities. Individual investor sentiment has also weakened, with bullish views dropping below 20% for three consecutive weeks.

Disconnection between investor sentiment and actions is evident, highlighting that retail investors are continuing to invest despite prevailing bearish attitudes.

Weekly crypto highlight — Stablecoin bill on track for approval

A key US House committee is set to advance significant 

 legislation, a priority for President Donald Trump and the crypto industry. The House Financial Services Committee panel will review the bill on April 2, driven by bipartisan support from figures like New York Senator Kirsten Gillibrand and increased campaign funding for pro-crypto candidates.

Committee Chairman French Hill emphasized that a regulated stablecoin market could enhance the US dollar's dominance, modernize payments and improve financial access without government overreach. Crypto firms are advocating for stablecoins as a means to provide affordable and faster financial services globally.

Dollar-backed stablecoins are designed to bolster demand for US dollars, and are typically supported by highly liquid assets. However, critics, including Congresswoman Maxine Waters and Senator Elizabeth Warren, argue the legislation lacks consumer protections. They seek to ban tech companies like X and Meta from issuing stablecoins, and highlight concerns over the absence of safeguards such as FDIC insurance, as well as potential risks to deposit levels and credit access.

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Weekly Institutional Insights: Retail buying continues; Stablecoin bill might pass

Find out all the reasons why you should purchase Tomorrowland Brasil presale tickets with the Bybit Card in our detailed article!

 is one of the most anticipated events of the year. With world-famous DJs, surreal stage designs and an electric crowd, it’s no surprise that tickets get snapped up in minutes. If you’ve ever tried your luck at getting in through the general sale, you’ll know it’s not easy.

If you’re dreaming of dancing under the stars in Parque Maeda this year, there’s one secret weapon you need: the Bybit Card. Not only does it give you access to exclusive presale tickets, but it also unlocks a lineup of perks that make your entire festival experience smoother, smarter and way more rewarding.

Let’s dive into why using the Bybit Card is your best move if you want to be part of Tomorrowland Brasil 2025.

 is a crypto debit card that lets you spend your crypto or fiat anytime, anywhere Mastercard is accepted, online or in-person.

. It’s your gateway to living the crypto lifestyle with convenience, rewards and total flexibility. With the Bybit Card, you can choose to pay in crypto like BTC, ETH, XRP, TON, USDT, USDC, MNT or BNB, as well as in USD. Everything is linked directly to your Bybit wallet, so there’s no need for manual transfers or separate apps.

Users can enjoy up to 10% cashback just for using the card on everyday purchases. You’ll also get 100% rebates on popular subscriptions like Netflix, Spotify, Prime, ChatGPT and TradingView, making your spending work harder for you.

And the best part? You can start using your virtual card immediately after approval. It’s free to apply, and there’s no waiting around. All you need to do is verify your account, get your card and you’re ready to spend.

Why should you buy Tomorrowland Brasil presale tickets via Bybit Card?

Buying your ticket early is already a win — but using your Bybit Card to do it? That’s a whole new level of smart. Here's why:

Bybit is the sole official presale partner

Let’s start with the biggest flex: Bybit is the only official presale partner for Tomorrowland Brasil 2025. That means presale access is exclusive to users who hold a Bybit Card — and no one else.

From Mar 22, 2025 to Apr 3, 2025, you can register for the presale using a Tomorrowland account, and then buy your tickets from Apr 4, 2025, 10:00 BRT/15:00 CEST through Apr 6, 2025, 10:00 BRT/15:00 CEST before the general public even gets a shot.

No bots. No stress. No heartache. Just you, your Bybit Card and early access to one of the most iconic festivals on earth.

Yes, you read that right. Buying your tickets with a Bybit Card could score you bonus credits to spend inside the festival. Whether it’s drinks, food or merch, those extra funds mean you get more festival for less out of your own pocket.

It’s the kind of bonus that makes a real difference when you’re buying your third round of caipirinhas after dancing for hours.

Everyone wants that limited-edition Tomorrowland merch. But what if you didn’t have to queue for hours or fight the crowds for it?

Bybit Card users can gain access to exclusive, co-branded Tomorrowland x Bybit items — stuff you can’t find at the main merch booth or even online. This is your chance to grab a unique piece of festival history!

Festival tickets can be expensive — but here’s where the Bybit Card flips the script. 

New Bybit Cardholders who deposit 100 USDT in their Bybit account will be eligible for 10% cashback capped at 50 USD equivalent in local currency. 

Please note that this is not stackable with any other new user rewards campaign, and this promotion will end on Apr 9, 2025.

Virtual card design exclusive to Tomorrowland and Bybit

To celebrate this iconic partnership, Bybit is rolling out exclusive Tomorrowland-themed virtual card designs for a sleek, festival-ready look that’s all vibes and no fuss.

Whether you’re paying for late-night food trucks or splitting a hotel with friends, every tap of your card will feel like part of the experience. Furthermore, it’s a cool digital souvenir that lasts long after the music ends.

If you’ve ever sat in a ticket queue, watching the loading screen spin endlessly, you know how frustrating general sales can be.

presale access through the Bybit Card means you skip that chaos completely. You no longer have to deal with refreshing the page a thousand times — or having to wait till the end just to receive an error message that the tickets have been sold out. Just a clean, direct path to the dance floor.

Scalpers love Tomorrowland. Within hours of the general sale, tickets end up on resale platforms at 2x (or even 3x) the original price. And that’s not even counting the risk of scams or fake tickets.

By securing your tickets with Bybit Card during the presale, you pay the official price, and you can sleep easy knowing your ticket is 100% legit. 

Local Brazilian citizens can celebrate early as they enjoy 50% off Tomorrowland Brasil presale tickets when they purchase with a Bybit Card. This promotion will be applied upon checkout, and it only applies to one ticket.

If you’re planning to attend Tomorrowland Brasil 2025, there’s no better way to secure your spot than with the Bybit Card. As the only official presale partner, Bybit gives its cardholders exclusive early access to tickets before the rush and the stress — and before prices surge on the resale market.

But the benefits don’t stop at early access. From festival credits and exclusive merch to cashback rewards, a sleek Tomorrowland-themed virtual card and even rebates on your favorite subscriptions, the Bybit Card is more than just a ticket to the festival — it’s an upgrade to your entire experience.

No annual fees, with instant spending, crypto and fiat support, and real-world perks? That’s the kind of card you want in your pocket — not just for Tomorrowland, but for every day.

So don’t wait until the chaos of the general sale. Apply for your Bybit Card today, register for your Tomorrowland account before Apr 3, 2025, and be ready to grab your presale tickets from Apr 4, 2025, 10:00 BRT/15:00 CEST through Apr 6, 2025, 10:00 BRT/15:00 CEST. Let the music guide you — and let Bybit open the gates!

Beginner

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8 reasons you need to get Tomorrowland Brasil presale tickets via Bybit Card

Get priority access to Tomorrowland Brasil 2025 presale tickets with Bybit Card! Follow our step-by-step guide and enjoy 10% cashback on your purchase.

Ready to celebrate LIFE with Tomorrowland Brasil? Tomorrowland Brasil 2025 presents you with a mystical world of magical plants and flowers in the beautiful festival area of Parque Maeda in Itu, a municipality of São Paulo. If you're ready to party in a lush, otherworldly environment, then make sure to follow the following simple step-by-step guide to buy Tomorrowland Brasil presale tickets using the 

 is a mega festival for electronic music lovers to groove to their favorite beats across six stages set in an ethereal realm of lush magical nature. It will run for three days, from Oct 10–12, 2025 at Parque Maeda in the city of Itu, São Paulo in Brazil. 

The gathering offers five ticket types: Day Pass, Full Madness Pass, Comfort area, Exclusive N°1 area and a DreamVille package. If you're traveling from overseas, you can also buy an all-inclusive Global Journey Travel Package. You'll enjoy more convenience with this package, as it includes the Festival Pass, hotel or DreamVille accommodation, access to The Gathering (an exclusive pre-party) and daily transfers between your boarding location, your accommodation and the festival itself.

Bybit is Tomorrowland Brasil's sole official presale partner, offering Bybit Cardholders the exclusive chance to buy festival presale tickets. To purchase tickets at the presale, you must pre-register for Tomorrowland Brasil at

. Registration runs from Mar 22 to Apr 3, 2025, and the presale will be held between Apr 4, 2025, 10:00 BRT/15:00 CEST–Apr 6, 2025, 10:00 BRT/15:00 CEST. 

Brazilian citizens can enjoy the ticket purchase at half price. If you're not a Brazilian citizen, you can still receive a 40% discount on your ticket by selecting the Social Ticket category. This option automatically includes a 30 BRL ($R30.00) donation to an institution chosen by the Tomorrowland Foundation.

How to buy Tomorrowland Brasil presale tickets with Bybit Card

To participate in the Tomorrowland Brasil presale, you’ll need to own a Bybit Card. If you still don't have a Bybit Card, you must first apply for one. The Bybit Card comes in two versions: Physical and Virtual. The Bybit Virtual Card is free, and can be used to 

 immediately after you’ve successfully applied and been approved. If you're a new Bybit Cardholder purchasing a presale ticket with a Bybit Card, you can also 

 that you must register before the presale date.

:Go to your Tomorrowland Account and click on the 

 button. Before the ticket sale, check the different ticket types to ensure you select the correct ticket and date. (

: It’s recommended that you purchase your ticket

 from a desktop device. If you choose to purchase via a mobile device, make sure your screen doesn’t get locked, as the website may automatically reload and you’ll have to reenter the queue.)

Enter the first 8 digits of your Bybit Card.

 Select the number of tickets (which will come as a Bracelet) to buy. You can purchase up to six tickets per Tomorrowland Account. 

 Upon selecting your desired purchase, you’ll be redirected to the 

onfirm that you’ve read, understood and accepted the terms and conditions of the event before proceeding to 

 You’ll be prompted to authenticate your device via email or mobile number. Enter the 4-digit PIN code sent to your email or mobile number, and clickon 

 Verify your personal details, and click on 

Select how you want to receive your Bracelet, either via delivery or pickup, then click on 

. If you’ve chosen the delivery option, you’ll receive the Bracelet in a Treasure Case. You can then activate it and top it up with Pearls. If you’ve chosen to pick up your Bracelet, you can collect it at the Bracelet Pickup Desk on the day of the event. 

 that the pickup option excludes the Treasure Case.

:Pay for your ticket using your Bybit Card: enter your card details and click on

 After successfully making payment, you’ll receive a confirmation email with all the details of your purchase and a link to personalize your ticket. You won't receive your e-ticket yet, but the email will contain a voucher with your order number and the delivery address you confirmed at the time of checkout. Make sure to keep this email until the end of the festival, as the voucher serves as a receipt of your purchase. You can also click on 

to confirm the details of your ticket purchase.

Personalize your ticket/Bracelet by filling in your personal data. Note that the name you indicate has to match the name on your identification document; if not, you may be denied access to the festival. If you’ve purchased the ticket for a friend(s), you’ll need to fill in the data of the respective participant(s). 

Not only does having a Bybit Card give you the opportunity to purchase Tomorrowland Brasil presale tickets, but you can even enjoy 10% cashback with your purchase if you’re a new Bybit Cardholder. If you still don’t own a Bybit Card — what are you waiting for? 

 now and purchase your Tomorrowland Brasil presale tickets to enjoy the best electronic festival experience of your life — and more!

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A step-by-step guide to buying Tomorrowland Brasil presale tickets 2025

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

Global asset prices stabilized this week, with cryptocurrencies maintaining a strong correlation to US equities during the recovery. BTC is trading above $85K, and ETH has regained the $2K mark. Despite this, derivatives market activity remains low, with negative funding rates for major tokens like BTC, ETH and SOL. Demand for short-dated options, which had surged for downside protection, has decreased as realized volatility has subsided.

Please check out the report’s highlights.

Short-term protection falls as the market calms

A quieter spot market corresponds with a calmer options market. While lower realized volatility hasn't restored BTC's term structure of at-the-money implied volatility to an upward slope (as it has for ETH), short-dated volatility has decreased. The recent pause in a month-long sell-off has stabilized option markets and sharply reduced demand for short-dated protective puts.

Lower realized volatility in ETH’s spot price has reversed the at-the-money implied volatility term structure, leading to reduced volatility expectations. However, options activity remains significantly lower than at the end of February 2025, with modest open interest in longer-dated contracts and the rollover of expired weekly options. Demand for call options is exceeding that for puts, as ETH's spot price has rallied to the key $2K level.

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Bybit X Block Scholes crypto derivatives analytics report (Mar 21, 2025): Short-term protection subsidies as sentiment reverses

Bybit Learn

DeFi

Explainers

Altcoins

PayFi bridges traditional payments with blockchain technology to enable instant settlements, reduce transaction costs and tokenize future cash flows and assets for liquidity.

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The world’s financial infrastructure remains plagued by high transaction fees, lengthy settlement times and limited accessibility, leaving billions of people excluded from essential financial services. 

 has shown promise in addressing these issues, but adoption challenges persist in bridging the gap between traditional finance and decentralized solutions.

This article explores how Payment Finance (PayFi) creates smarter payment solutions through DeFi integration. We'll examine what PayFi is, how it works, its advantages and disadvantages, how it compares to traditional systems, its real-world applications and its future potential in transforming global finance.

Payment Finance is a breakthrough financial model that bridges traditional payments with blockchain technology in order to enable instant settlements, reduce transaction costs and tokenize future cash flows and assets for immediate liquidity.

Championed by Solana Foundation's President Lily Liu, PayFi harnesses the 

 principle by allowing assets and future revenues to be tokenized and instantly monetized. The result is a financial ecosystem in which capital flows more efficiently, and users can access the value of tomorrow's assets today.

PayFi’s streamlined architecture combines blockchain infrastructure, 

 and tokenization to revolutionize payment processes. 

Fundamentally, PayFi runs on high-performance blockchains like 

 (SOL), providing 400 ms transaction finality and processing thousands of 

 (TPS) at minimal cost. This infrastructure ensures nearly instantaneous settlement as compared to traditional systems' multi-day processes. For example, RippleNet uses the XRP Ledger (XRPL) to conduct global money transfers with almost instant finality at near-zero fees, as opposed to SWIFT transactions that may take days to settle and cost between $15 and $75.

Smart contracts form PayFi's operational core, automatically executing financial instructions when predefined conditions are met. These self-executing agreements eliminate intermediaries, enabling complex financial operations to proceed without manual intervention.

 with blockchain capabilities by creating digital representations of invoices, future earnings and physical goods. These tokens interact with 

 (DeFi) protocols, unlocking new liquidity opportunities and enabling innovative financing models — such as, "Buy Now, Pay Never," whereby yield generated from deposits covers payment costs without touching principal.

PayFi effects transformative benefits alongside important challenges that impact its adoption and implementation.

PayFi vs. other traditional payment systems

Traditional payment infrastructure operates through a complex web of intermediaries — banks, processors, clearinghouses and correspondent networks — each of them extracting fees while adding settlement delays. This multi-layered system creates 2–3% merchant fees and 3–5 day settlement periods, and excludes the 1.4 billion adults globally who have no banking access.

PayFi fundamentally reimagines this architecture by leveraging blockchain's 

. By removing intermediaries and enabling 

 value transfer, PayFi dramatically reduces costs while allowing near-instant settlement across borders. This structural shift creates unprecedented efficiency and accessibility — regardless of banking status.

PayFi unlocks financial capabilities that are impossible in traditional systems. Its programmable nature enables automatic conditional payments, revenue-sharing and complex financial arrangements without human intervention. Meanwhile, pre-funding requirements that burden cross-border commerce are eliminated through real-time settlement mechanisms.

Perhaps most revolutionary is PayFi's potential for financial inclusion: while traditional systems require extensive documentation, credit histories and bank accounts, PayFi requires only internet access, transforming financial services from an exclusive privilege to a universal utility.

PayFi's applications span diverse financial sectors, revolutionizing everything from consumer payments to global trade finance via blockchain-based solutions.

Unlike traditional financing that requires eventual principal repayment, this innovative model allows users to deposit funds into yield-generating protocols and use only the interest to cover purchases, leaving the principal untouched. Users can maintain their capital while letting the generated yields pay for goods and services.

Businesses can tokenize their invoices or future revenue streams and instantly access liquidity through decentralized marketplaces. This alleviates cash flow constraints without the extensive paperwork and delays of traditional factoring, helping companies maintain operations while waiting for customer payments.

Content creators can receive advance funding based on projected earnings, or tokenize future revenue streams. Accessing capital immediately rather than waiting for platform payouts that typically take weeks or months allows creators to maintain continual content production without financial interruptions. 

By leveraging stablecoins and blockchain's borderless nature, individuals can send money globally in seconds — with fees often less than 1%, compared to traditional remittance services' 6%–7% average cost. This dramatically reduces costs while increasing the speed of international transfers.

Suppliers can receive immediate payment for goods through tokenized purchase orders or invoices, while buyers maintain their standard payment terms. The resulting win-win arrangement improves liquidity throughout the supply chain — particularly benefiting smaller suppliers who often struggle with delayed payments. 

Traditionally paper-heavy and inefficient, trade finance is being streamlined by PayFi platforms that tokenize letters of credit and other trade documents. Digitizing these instruments reduces processing times from weeks to hours while enhancing security through cryptographic verification.

The future of PayFi holds tremendous potential as blockchain technology continues to mature and gain mainstream acceptance. Key developments we can expect include the following:

As PayFi matures, its integration with traditional finance, its technological improvements and growing institutional adoption will likely transform it from an emerging concept into a fundamental component of the global financial infrastructure.

Payment Finance (PayFi) combines blockchain efficiency with traditional finance, enabling instant settlements, reduced fees and novel financing models. Though adoption and regulatory challenges persist, PayFi's ability to unlock liquidity, drive financial inclusion and reshape transactions positions it as a pivotal innovation in global finance.

Payment Finance (PayFi): Smarter payments in a DeFi world

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards