Gold is projected to surpass $3,000 per ounce in 2025, driven by strong macroeconomic and geopolitical factors.

At the heart of gold's potential surge is the current macroeconomic landscape that’s characterized by persistent inflation and anticipated monetary policy shifts. Inflation rates in the U.S. are expected to remain above the Federal Reserve's target of 2%, creating an environment in which gold is expected to serve as a crucial hedge against currency devaluation. When inflation erodes purchasing power, investors often turn to gold to preserve their wealth.

Moreover, the Federal Reserve has signaled a shift toward monetary easing, with market expectations indicating potential interest rate cuts in the coming months. Lower interest rates decrease the opportunity cost of holding gold, making it a more attractive investment as compared to interest-bearing assets, such as bonds and savings accounts. With real interest rates projected to remain low or even go negative, gold could experience renewed demand as a safe store of value.

Geopolitical tensions further bolster gold’s appeal. Ongoing conflicts, particularly the strained U.S.-China relationship and the Russia-Ukraine war, create an atmosphere of uncertainty that drives investors toward safe-haven assets. During times of geopolitical instability, gold has historically seen increased demand as investors seek to mitigate risks associated with market volatility.

As global tensions escalate, the demand for gold is likely to rise, reinforcing its status as a reliable hedge against financial instability. Investors tend to flock to gold during crises, viewing it as a secure asset that retains its intrinsic value, especially when other markets are under pressure.

Another significant factor contributing to the bullish outlook for gold is the unprecedented demand from central banks around the world. In 2024, central banks collectively purchased over 1,000 metric tons of gold, marking one of the highest levels of accumulation in recent history. This trend is expected to continue into 2025, particularly among countries like China and Russia that are actively reducing their reliance on U.S. dollar reserves as part of a broader de-dollarization strategy.

This central bank buying provides a strong structural support for gold prices, minimizing downside risks. As these institutions accumulate more gold, the resulting scarcity in the market could lead to higher prices. The growing demand from central banks underscores the renewed confidence in gold as a strategic reserve asset, especially amidst economic volatility and geopolitical tensions.

From a technical perspective, gold is currently in a robust uptrend, trading above key moving averages and nearing critical resistance levels. If gold successfully breaks through the psychological barrier of $3,000 per ounce, momentum could carry it toward higher price targets, potentially reaching $3,200 or even $3,500. 

, such as relative strength index (RSI) and moving average convergence divergence (MACD), suggest that gold remains in a bullish phase, indicating further upside potential.

As gold approaches these key resistance points, technical traders will closely monitor its price movements. A successful breach of the $3,000 level could trigger momentum buying, propelling prices higher as investor confidence grows.

Finally, rising investor sentiment plays a crucial role in gold’s potential price surge. Increased inflows into gold-backed 

 (ETFs), in addition to speculative positioning in futures markets, reflect strong confidence among both retail and institutional investors. As ETF holdings rise, it signals renewed interest in gold as a safe-haven investment.

This optimism is bolstered by a general shift in market sentiment as investors are increasingly turning to gold amid concerns over economic stability and inflation. The combination of robust technical indicators, macroeconomic pressures and favorable investor sentiment positions gold favorably for a significant price increase in 2025.

In summary, gold is well-positioned to reach $3,000 per ounce in 2025, driven by a combination of persistent inflation, geopolitical uncertainty, strong central bank demand and positive technical indicators. As investors seek refuge in safe-haven assets, gold’s intrinsic value and historical performance during times of crisis will make it an attractive option for preserving wealth. The confluence of these factors suggests that gold's upward trajectory could continue, making 2025 a pivotal year for this precious metal.

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Bybit Commodity Insight Report: Why Gold Is Poised to Reach $3,000 in 2025

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

Macro headwinds are impacting the crypto market, with a sell-off that began over the weekend deepening this week. BTC, ETH and most altcoins are declining alongside equities, gold and treasury yields, though derivatives markets are showing little bearish sentiment or increased volatility expectations. Among perpetuals, there are record consistent positive rates across most markets, indicating a reset in positioning. Meanwhile, ETH retains a volatility premium over BTC, but its term structure hasn’t inverted as sharply as in earlier sell-offs this month.

Please check out the report’s highlights.

Funding Rates Largely Positive Amid Sell-Off

Despite risk-off sentiment across asset classes this weekend and early this past week, USDT-denominated perpetual contracts have shown their most consistently positive funding rates within the past month. While these rates haven't reached the bullish levels of early December 2024, most have returned to a neutral level of 0.01%, signaling a reset in positioning due to recent market movements.

Tuesday's intensified risk-off sell-off led to a significant spike in BTC put trade volume as traders hedged against further declines. Unlike ETH, which leans bullish on calls, BTC's open interest is balanced between upside and downside protection. The volatility term structure is flat again, typical during sharp market moves, but this reflects a decline in longer-dated options, rather than a rise in short-term expectations.

As the sell-off in risk-on assets deepened this past week, ETH outperformed BTC. ETH derivatives markets are showing stronger sentiment, with higher call trade volumes indicating greater demand for upside positioning as compared to puts. However, ETH's volatility term structure has inverted more sharply than BTC's, as seen in previous significant market moves since last November (2024), with front-end volatility levels 15 points above those of BTC options with a similar tenor.

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Feb 26, 2025): Reset in Sentiment Brewing as Fund Rates Turn Positive

Explore four essential tips to help you accumulate more points, optimize your strategy and claim the best rewards in EcoGalaxy: Mantle Surge.

With the rise of gamified crypto events, EcoGalaxy: Mantle Surge stands out as one of the most exciting opportunities for users to earn rewards while engaging with both Bybit and Mantle Network. This limited-time event offers participants a shot at a 1,000,000 MNT prize pool when they complete on-chain and trading-related tasks. 

To help you maximize your rewards and ensure you get the most out of this event, in this guide we’ll break down four essential tips to help you accumulate more points, optimize your strategy and claim the best rewards in EcoGalaxy: Mantle Surge.

EcoGalaxy: Mantle Surge is a limited-time campaign that rewards participants with a share of a 1,000,000 MNT prize pool when they complete both Bybit and on-chain tasks. Players earn "wishes" that can be used to enter Lucky Draws or climb the leaderboard for greater rewards.

This campaign, hosted by Bybit in collaboration with Mantle, blends gamification with 

 engagement, offering users multiple ways to win. Participants can choose to rely on chance via the Lucky Draw or strategically allocate their wishes to compete on the leaderboard. The event runs from Mar 6, 2025 to Mar 27, 2025, making it a limited-time opportunity to accumulate rewards while exploring the Mantle ecosystem.

4 Tips to Maximize Your Wishes and Rewards in EcoGalaxy: Mantle Surge

To make the most out of EcoGalaxy: Mantle Surge, you need to strategize your wish allocation, complete as many tasks as possible and take advantage of all available earning mechanisms. Here are four essential tips to maximize your rewards:

One of the best ways to earn high-value rewards in EcoGalaxy: Mantle Surge is by competing on the leaderboard. There are a total of five rounds, and the rewards are higher with each passing round. 

The more wishes you allocate toward leaderboard rankings, the higher your position and the larger your rewards. However, since the leaderboard is dynamic, your rank can change based on the activity of other participants.

Since leaderboard positions fluctuate, it’s recommended that you monitor your ranking regularly and adjust your strategy accordingly. Players who accumulate the most wishes by the end of each leaderboard round will receive the greatest rewards.

 that each round’s rewards and wishes are calculated independently, and any wishes spent in a round won’t carry over to the next round.

If you prefer an element of surprise, the Lucky Draw is your best bet. By spending wishes on Lucky Draw attempts, you earn the chance to win instant prizes. The Lucky Draw operates on a first-come, first-served basis, so the earlier you participate, the better your chances of securing top-tier rewards.

Since rewards are limited, it's advisable to use your wishes early before the top prizes run out.

An easy way to earn free points in this campaign is by holding Mantle (MNT) and/or Mantle Restaked ETH (cmETH) in your Bybit account. By simply keeping these assets in your wallet, you’ll receive additional wishes, increasing your chances of winning more rewards.

This passive method of earning wishes ensures that you accumulate extra points without actively completing tasks, making it one of the simplest ways to boost your rewards.

Another hidden gem for doubling your rewards in EcoGalaxy: Mantle Surge is through Layer 3. Participants who complete specific Layer 3 quests will receive extra bonuses, including double rewards on certain tasks.

By leveraging Layer 3 bonuses, you can significantly boost your total wish count, increasing your chances of securing leaderboard positions or hitting big wins in the Lucky Draw.

If you’re looking for a fun and rewarding way to engage with the Mantle ecosystem, EcoGalaxy: Mantle Surge is definitely an event worth joining. With 1,000,000 MNT up for grabs, both casual users and seasoned traders can benefit from this campaign.

The event's dual-reward system allows participants to tailor their strategy based on their preferences. Whether you enjoy the thrill of luck-based rewards or prefer the competitive edge of leaderboard climbing, this campaign offers something for everyone.

Additionally, holding MNT and cmETH provides passive earnings, while Layer 3 integration presents an opportunity for double rewards — making the experience even more lucrative for active participants.

EcoGalaxy: Mantle Surge is a limited-time, gamified rewards campaign that blends trading, staking and on-chain interactions. By completing tasks, holding Mantle assets and strategically using your wishes, you can maximize your rewards and secure your share of the 1,000,000 MNT prize pool.

This event runs from Mar 6, 2025 to 27, 2025, so now is the best time to get started. Are you ready to explore the Mantle ecosystem and claim your rewards? Join EcoGalaxy: Mantle Surge today!

Beginner

how to participate in ecogalaxy mantle surge

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Join Bybit’s AI-DOL SUPERSTAR Trading Battle, vote for top AI projects and compete for a share of a $1M prize pool. Earn rewards while shaping the future of AI in crypto.

The Bybit AI-DOL SUPERSTAR Trading Battle is an exciting and innovative trading and voting event that aims to identify and support high-potential AI projects within the cryptocurrency space.

As artificial intelligence (AI) continues to revolutionize blockchain technology, this competition offers users a unique opportunity to engage with emerging AI-driven crypto projects while earning substantial rewards of up to $1 million.

 (AI) and cryptocurrency is reshaping blockchain and 

 — autonomous programs powered by machine learning — are revolutionizing the sector by automating trading strategies, optimizing portfolio management and executing on-chain decisions with minimal human input.

These intelligent agents analyze vast datasets, identify market trends and execute trades in real time, significantly enhancing efficiency and reducing risks in the volatile crypto market. Their role extends beyond trading, influencing DeFi protocols, NFT markets and blockchain governance.

Bybit is at the forefront of this AI-driven transformation, launching the 

 to spotlight high-potential AI projects. This event provides a launchpad for groundbreaking AI applications, connecting innovators with a global crypto audience.

What Is the Bybit AI-DOL SUPERSTAR Trading Battle?

Bybit is launching a unique AI trading event designed to highlight the most promising AI-driven crypto projects.

AI is revolutionizing crypto markets, with automated trading bots now executing over 60% of all crypto transactions. The integration of AI and blockchain is unlocking new trading strategies, DeFi innovations and web3 applications, making the AI sector one of the most promising in crypto.

Bybit’s AI-DOL SUPERSTAR Trading Battle bridges AI and blockchain, providing a global stage for emerging projects to gain exposure to a global audience. Participants play an active role in shaping the future of AI in crypto while earning rewards.

How to Participate in the AI-DOL SUPERSTAR Trading Battle

Campaign Period: Feb 28, 2025, 10AM UTC – Mar 27, 2025, 10AM UTC

Bybit users can support AI projects and earn rewards by participating in this AI-powered trading competition. Here's a step-by-step guide to joining:

Projects earn voting points from the following ways:

By actively trading and voting, participants not only have a chance to earn from the $1 million prize pool, but will also play a crucial role in shaping the future of AI in the crypto industry.

Bybit's AI-DOL SUPERSTAR Trading Battle offers an exciting $1 million prize pool, with multiple ways for participants to win rewards.

The breakdown of how votes are allocated for Bybit Spot is as follows:

The breakdown of how votes are allocated for Bybit Web3 is as follows:

The maximum number of daily votes that a user can receive is 100,400 (50,200 for Bybit Spot and Web3 respectively).

By trading, voting and engaging in the competition, participants not only support innovative AI projects but also receive a chance to maximize their earnings in this high-stakes trading battle.

Bybit's AI-DOL SUPERSTAR Trading Battle offers a distinctive platform that connects cryptocurrency traders with AI innovators. Participants are invited to support leading AI projects, earn attractive rewards and contribute to shaping the future of AI within the crypto ecosystem. 

 and be part of the AI-driven revolution on Bybit!

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How to Participate in Bybit’s AI-DOL SUPERSTAR Trading Battle

Bybit Learn

Blockchain

Explainers

Altcoins

NuLink is the ultimate on-chain privacy solution for DApps, offering advanced encryption technologies for secure data storage and sharing on Ethereum.

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As blockchain systems are being increasingly adopted for a variety of use cases in the business world and the amount of 

 data transfers grows, issues of data security and privacy become critical. In the past few years, along with the growth and maturation of the blockchain industry we've witnessed an increase in security breach attempts, both unsuccessful and, sadly, those that have led to significant loss of both value and privacy. In 2023, cybercriminals 

These disturbing stats only cover direct financial losses — the crypto funds snatched away from blockchains or 

 (DApps). However, in addition to these immediate losses, the business operations of DApps also experience loss of trust from customers and degradation in operational capacity.

NuLink (NLK) is a decentralized protocol that aims to address security and privacy issues on blockchains by providing advanced solutions for secure data storage and sharing. This Ethereum-based platform offers DApps the ability to protect their stored or transferred data using security and privacy technologies, such as 

 (NLK) is a decentralized data privacy protocol on the 

 (ETH) blockchain that provides cutting-edge data encryption services to DApps via application programming interfaces (APIs). 

Using NuLink, DApp operators can protect shared or stored data from security and privacy breaches.

NuLink offers various security- and privacy-focused products, most of which utilize three data encryption technologies: zero-knowledge (ZK) proofs, proxy re-encryption and fully homomorphic encryption.

NuLink's on-chain data and communication protection services are applicable to virtually any DApp for which safeguarding data against hacks or unauthorized access is essential. Its technology offers versatile benefits across various scenarios, including encrypting 

 (NFTs), launching privacy-preserving social media and SocialFi apps, decentralized digital rights and intellectual property (IP) protection, and confidential sharing of information on health records.

Founded in 2021 by Daniel Nilsson and Noel Braganza, NuLink is based in Sweden. As of May 2024, the blockchain startup has raised 

 in venture capital and is backed by a group of institutional investors, including some prominent industry names, such as DWF Labs, Maven Capital and Binance Labs.

At the core of NuLink's offerings are four encrypted data technologies that power secure data sharing, storage and computations — ZK proofs, public key encryption schemes, proxy re-encryption and fully homomorphic encryption.

 are widely used in the blockchain industry, and are probably the most familiar of the abovementioned technologies to nontechnical crypto audiences. These cryptographic proofs allow one party (the prover) to demonstrate to another party (the verifier) that certain information is true — without revealing the actual confidentiality-based encryptions of the message being validated.

 designed to control access rights and enhance data-sharing functionality are split into identity-based encryption and attribute-based encryption. Identity-based encryption directly ties user identity to their 

, similar to an email system where knowing the recipient's identity ensures that only they can decrypt messages. Attribute-based encryption expands on this by offering a wider array of attributes and policies.

 is a technology that allows intermediary parties involved in data transfers and proxies to alter the data encrypted by the sender so that the receiver can decrypt it. Finally, 

 allows encrypted data to be used without needing to decrypt it with a 

. This contrasts with most other data encryption techniques, which are based on decrypting data before it can be utilized for a specifically designated use case.

These four main cryptographic technologies used by NuLink power the platform's capabilities regarding sensitive user data sharing, cryptographic access control, privacy-preserving data sharing and more.

In terms of its architecture, NuLink’s system comprises five layers: Application, Cryptograph, Storage, Blockchain and Watcher Network.

 is the topmost layer on NuLink. It's abstracted from the underlying layers in order to provide both a user interface and controls for accessing the platform's services. This layer directly interacts with the Cryptograph Layer to manage private data access authorizations. The 

 is a critical component that handles the processes of data encryption, decryption and key generation.

, which manages the decentralized storage of the data encrypted and decrypted by the Cryptograph Layer. The Storage Layer utilizes the InterPlanetary File System (IPFS) network to store and retrieve data. The NuLink project team also has future plans to introduce other distributed storage solutions, such as Amazon S3 and Swarm.

, is made up of Ethereum-based NuLink nodes that power the network's encrypted data services. These include several specialized functional node types, as covered in the next section.

, is made up of relayer nodes, which are responsible for supporting cross-chain data communications.

NuLink's node operations involve several network actor types, categorized into two groups: Providers and Users. Providers include proxies, computing providers, storage providers and watchers that support the network's functionality, while the Users — data consumers and data providers — leverage NuLink to securely share and store data.

 enable NuLink's re-encryption and homomorphic encryption services, respectively. 

, as noted earlier, are the nodes responsible for cross-chain communications and updates. Their key role is to pass updated information from NuLink's Ethereum-based 

 are the nodes that facilitate decentralized data storage on the platform.

, interact on the network to securely exchange and utilize encrypted data.

Consumers of encrypted on-chain data face two primary issues with regard to data availability. First, they need to ensure that their supplier has the required data before buying it. Secondly, they need to ascertain that the encrypted data is valid. NuLink addresses both of these issues by using ZK technology. Data providers on the NuLink platform need to submit ZK proofs, which are validated on the network without any need for the providers to reveal all of the details and contents of their datasets.

ZK proofs protect both sides of the encrypted data transaction. For data consumers, they provide assurance of the integrity and validity of the supplied data. In turn, for data providers, the ZK-proof technology used by NuLink is a secure way to trade their data while protecting it from unauthorized access and public exposure.

Secure, private data sharing is supported on NuLink via proxy re-encryption technology. Proxy nodes, the primary entities responsible for these exchanges, accept the already encrypted data from the data provider and re-encrypt it before making it available to the data consumer. The re-encryption process protects the shared data to a much higher degree than ordinary encrypted data transfers that don't utilize re-encryption.

While proxy re-encryption is mainly used for data transfers, data computation tasks are supported by NuLink's homomorphic encryption services, which allow a dataset to be utilized without needing to decrypt it with a private key. This is useful for cases in which data providers need to make their datasets available to consumers on a per-use or rented basis. Typical scenarios include using data for 

 (AI) and machine learning (ML) model computations, or for predictive model scoring. In such situations, data consumers are less interested in buying the dataset outright and usually need temporary access.

NuLink users can stake the platform's native cryptocurrency, NLK, to earn rewards. 

 NLK as collateral is also a requirement for the functional node types — proxies, computing providers, watchers and storage providers. Users can manage their staking operations through the Staking Dashboard, a web app that provides a user-friendly interface to all of the key NuLink staking procedures. The dashboard enables users to stake and unstake funds, bond funds to other nodes, monitor their performance and track rewards.

For developers venturing into privacy-preserving DApp development, NuLink offers two primary tools: the NuLink Agent-SDK and the NuLink SDK. The 

 is tailored for newcomers to the NuLink network. It facilitates direct communication between DApps and the NuLink Agent, enabling seamless integration into their projects. On the other hand, the 

 caters to developers with a deeper understanding of the NuLink network.

 for users that ensures smooth communication between DApps and the NuLink network. It serves as a secure intermediary with robust endpoint encryption, and safe storage and data sharing.

NuLink Runes is a secure protocol for creating and managing 

 (EVM)-compatible Runes assets. The original 

 (BTC). It facilitates the efficient issuance and management of fungible cryptocurrencies on the world's oldest blockchain. However, Runes assets are largely confined to the Bitcoin ecosystem, and these tokens aren't supported on EVM-compatible chains. NuLink's Runes product is among the earliest initiatives to bring Runes technology to an EVM environment.

NuLink Runes features a high degree of editability, meaning that issuers can easily modify and personalize their assets. And, in line with NuLink's core competencies, the protocol boasts excellent security and privacy features.

NuLink's native cryptocurrency is NLK, an 

 asset on Ethereum. NLK's main functions on the platform include the following.

NLK was launched on May 16, 2024, with a total and maximum supply of 1 billion. The entire supply will be released over the course of four years, starting from the May 2024 token generation event (TGE). After these four years, the user community will vote via the DAO concerning further supply rules. As such, it's possible that more NLK might be minted following the complete release of the 1 billion total supply.

The NLK token is available on Bybit's Spot market (

). From May 16–30, 2024, you can also take advantage of Bybit's campaigns dedicated to the token for the chance to grab a share of the 

Data privacy and security are becoming increasingly important as the volume of on-chain value exchanges rises. At the same time, hacking attempts and data breaches are growing at an alarming rate. It's evident by now that simply relying on blockchain's built-in cryptographic security features is no longer sufficient — at least when it comes to ensuring the functionality of DApps handling sensitive data and computations.

While there are quite a few decentralized protocols dedicated to improving the security of blockchain data exchanges, NuLink takes the security game to an entirely new level, applying advanced cryptographic technologies that set it apart among data exchange protocols. As the industry matures and the need to protect on-chain data exchanges and computations becomes more evident, NuLink's services will undoubtedly be appreciated and adopted by an increasing number of DApp operators.

NuLink (NLK): Ultimate On-Chain Privacy Solution for DApps

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards