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.

Beginner

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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

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Altcoins

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Crypto

AI has been dominating the headlines. But did you know AI is slowly revolutionizing crypto too? Here's what you can invest now. 

The hugely popular software from OpenAI with ChatGPT chatbot has dominated headlines, describing how artificial intelligence (AI) technology revolutionizes the way we digest information. Rumors are that Silicon Valley (read: Microsoft) is planning to 

 into the project, which can only mean that AI is here to stay. 

One reason AI has garnered so much attention is its ability to help us solve complex problems in unconventional ways and eliminate mundane tasks. It can also help us make better decisions by leveraging data more effectively than humans ever could. As AI continues to evolve, it only opens up even newer possibilities for businesses and individuals to grow. 

, the potential is immense. AI analyzes patterns in blockchain data and detects suspicious activities, helping to reduce fraud and money laundering. Moreover, using AI in confidential 

 ensures that transactions comply with predefined rules. Finally, AI uses predictive analytics to better forecast cryptocurrency market trends and prices.

Let's explore the ways that blockchain and crypto incorporate AI. 

How Is AI Crypto Different From Other Crypto Coins?

AI cryptocurrency differs from other crypto coins in several ways, primarily in its utility. First and foremost, AI coins usually have a built-in AI platform that allows users to create and use AI-powered applications. Users can also develop advanced algorithms to help them make better investment decisions, manage their crypto assets more efficiently and even automate trading.

Since AI crypto coins utilize blockchain technology, they’re less susceptible to malicious attacks. In addition, AI crypto can be used on decentralized marketplaces and networks that allow users to buy and sell tokens directly on the blockchain without relying on third parties. AI crypto also features a unique system that rewards users for their contributions to the network. While AI crypto coins are relatively new to the trading world, they’re gaining traction among investors. 

Top 15 Artificial Intelligence (AI) Cryptocurrencies

Cryptocurrency investing is rapidly gaining popularity with investors. Following are the five best AI crypto coins to invest in. 

Ocean is an open-source protocol that allows individuals and businesses to exchange and monetize data. It also provides data-based services and offers a way to transact easily with both customers and vendors.

The protocol provides a secure and transparent way to create, store and manage data-based services. It also enables developers to build applications that leverage its many features.

Ocean Protocol allows users to securely access data from multiple sources, including public and private data repositories. It also provides a marketplace for data owners and buyers to securely buy, sell and trade data assets.

Furthermore, it offers tools for analyzing large datasets and creating predictive models. The protocol is designed to preserve privacy, allowing users to control who has access to their data while still allowing them to benefit from it.

Note: The current price is as of the article's updated date. 

 is an open-access blockchain network that uses decentralized AI and machine learning. It enables the growth and development of the digital economy with limited human involvement.

Fetch.ai features a decentralized economy of agents, data, services and digital assets that can interact with each other to find, negotiate and execute services. The network's native token (FET) incentivizes network participants, facilitates transactions and rewards miners for validating new blocks on the blockchain.

Its platform also provides developers with tools to build autonomous agents that can interact with the network. As a result, Fetch.ai can optimize smart homes, supply chains, transportation and other sectors.

SingularityNET is an open-source protocol and collection of smart contracts for a decentralized network of coordinated AI services. It allows developers to monetize AI services on a distributed network, using the Ethereum blockchain and tokenized incentives to coordinate the various stakeholders involved. Its goal is to create an environment where AI services are easy to develop, share and integrate into applications.

SingularityNET enables developers to build AI applications that interact with other network applications. This synergistic environment creates an efficient marketplace where developers can easily find, buy or sell AI services.

Providing access to a vast array of AI algorithms and data sources makes it easier for developers to create powerful applications that leverage the full potential of machine learning.

SingularityNET enables organizations to coordinate the development of complex multi-agent systems in a secure and trusted way.

 is software that resembles a hedge fund portfolio management and trading platform. A blockchain-based token called Numeraire (NMR) powers it, which allows users to pay for services directly on the platform. It also incentivizes people to participate in its activities.

The NMR token is built on the Ethereum blockchain and is used to reward traders for correctly predicting market movements. Numeraire makes it easier for hedge funds and other financial institutions to access sophisticated trading strategies without investing in expensive infrastructure or hiring specialized personnel.

 provides two applications for its traders:

 as a privacy-focused and scalable blockchain. It offers a perfect blend of high transaction speed, minimal gas charges and secured infrastructure, laying the groundwork for web3's next phase, which will be the driving force behind

Oasis is more than just a platform: it's a catalyst for web3's growth and transition to a fully developed ecosystem. With the backing of industry heavyweights, Oasis recently unveiled the $235 million Oasis Ecosystem Fund, aimed at nurturing projects built on its network. Oasis Labs, the technical contributor in the ecosystem, joined hands with major entities like Meta and BMW Group Genetica, among others, to create platforms and products that prioritize individual privacy, data governance and ethical data usage.

The process of consensus and execution is divided into two distinct levels: the consensus layer and the ParaTime layer. This separation aims to enhance scalability and diversify functionality. By separating consensus and execution, various ParaTimes can simultaneously process transactions, ensuring that intricate tasks carried out on one ParaTime don't hinder the speed of simpler, quicker transactions on another.

Graph was founded by a group of engineers and developers to make blockchain data indexing and organizing more scalable and accessible. Blockchain promotes transparency and fairness due to its immutability. However, it is not designed for easy data retrieval. Graph aims to streamline data access to be more user-friendly and potentially boost the development and adoption of decentralized applications (dApps) built on blockchains. 

Similar to how search engines index webpages, Graph organizes data from blockchains into subgraphs, which, in layman's terms, are open APIs. It enables users to query these subgraphs using a specific language (GraphQL) to retrieve relevant data from the blockchain in an optimized turnaround time.    

Even though Graph doesn't use AI in its core functionality, the project facilitates the development of AI-powered applications that leverage their technology. 

NEAR is another strong contender in the AI field, even though AI is not directly integrated within the protocol. The core goal of this protocol is to empower the continuous development of decentralized applications (dApps) on its blockchain platform that is scalable yet user-friendly. 

The key highlight of Near Protocol is its sharding ability using the Nightshade technology, allowing validators to process transactions across multiple sharded chains in parallel, which helped scale the processing power to 100,000 transactions per second and achieve near-instant transaction finality.

Again, AI is not integrated directly within Near Protocol's core functionality. However, the protocol is interested in exploring the intersection of AI and blockchain technology by showing the potential applications like decentralized training of large language models and fostering discussions on responsible AI development within the web3 ecosystem. At the same time, the NEAR Tasks is built on the platform to facilitate decentralized AI training by connecting businesses with individuals who label data for AI models. This can improve data quality and potentially empower fairer compensation for data labeling tasks.

iExec is one of the pioneers of decentralized computing in employing blockchain technology. It creates a marketplace where individuals can capitalize on their computing prowess, their applications and even their datasets. This is achieved by facilitating instant access to cloud computing capabilities. 

iExec is equipped to bolster applications in myriad sectors such as big data, healthcare, artificial intelligence, rendering and fintech. Established on Oct. 16, 2016, iExec's mission is to revolutionize cloud computing by introducing an innovative computing model.

The network consists of various providers offering computing resources, referred to as iExec Worker pools. If individuals wish to participate, they can link their machines and be compensated with RLC tokens for lending their resources to the network.

Providers of applications can generate revenue from their algorithms, while data providers possessing valuable datasets can avail them for use via the iExec platform. There's also a consensus protocol known as PoCo (or Proof-of-Contribution), which ensures consensus over off-chain computing. This form of consensus allows external resource providers to certify the usage of their resources directly on the blockchain.

iExec further offers distributed applications (

) that run on the blockchain. These provide scalable, secure and convenient access to servers, datasets and computing resources. Since all of this operates on the Ethereum network, it facilitates a virtual cloud infrastructure capable of delivering high-performance computing services as needed.

As a result, iExec is instrumental in supporting the burgeoning category of blockchain-based distributed applications. It also promotes cost-effective and high-performance computing through a decentralized cloud infrastructure.

The AI Protocol operates through the deployment of the Artificial Liquid Intelligence (ALI) Utility Token. ALI is an indigenous ERC-20 utility token and forms the core of the AI Protocol and its associated decentralized applications. It plays a crucial role in regulating, incentivizing and acknowledging the contributions of various participants within the AI Protocol. 

The AI Protocol essentially serves as the foundational rights infrastructure of the emerging Generative AI economy. Its functionality extends to fostering the development, interoperability and administration of AI Characters and Assets, the fundamental elements shaping the intelligent world of tomorrow. 

This protocol operates through a robust set of persistent and decentralized smart contracts, which autonomously enforce the stipulations laid out by ALI token holders. Consequently, developers can create AI DApps and assets that are mutually compatible. It also establishes a secure and trustless platform for trading tokenized AI assets. Among the multitude of DApps designed on the AI Protocol are noahsark.ai and mycharacter.ai.

DeepBrain Chain is a high-performance computing network that can scale infinitely. It employs a distributed AI computing platform built on a blockchain, which allows for the secure, private and cost-effective use of AI capabilities.

The platform enables AI developers to rent out computing power from other users on the network and pay for it with DBC tokens. This model significantly reduces the cost of running AI applications, making it more affordable for businesses.

Large corporations have used DeepBrain Chain to develop cloud-based games, semiconductor simulations and pharmaceuticals.

DeepBrain Chain also provides a privacy layer to ensure that no one can share sensitive data without permission.

Hera Finance is an AI-powered multichain 

 aggregator that uses AI to connect to different automated market makers (

) to find the best route discovery between token pairs with the highest liquidity and lowest gas fees. Hera can make over 252,000 calculation attempts on each query. It finds all liquidity pools and creates routes without overdraft scenarios, compiles all these routes and approves them in a single transaction.

The network also uses trade-splitting and multi-hop features to find the best route at which the paths found are divided according to the amount of input. Paths create individual routes that cater to one another, thereby making the maximum output amount. In other words, maximum income is obtained and a balance is created in the pools.

HERA Guard, a built-in feature, helps users to ensure there's 0% 

 while swapping coins. Still, users can choose to customize their slippage tolerance. However, some transactions may not get processed, due to the high volatility. 

15 Best Artificial Intelligence (AI) Crypto Coins To Look Into Now (2024)

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards