KAITO is the core currency of Kaito AI’s InfoFi ecosystem, enabling transactions, governance, staking, and community engagement.

The S&P 500 fell 0.43% amid Walmart’s weak outlook, with investors eyeing PMI and home sales data next. Gold rose 0.23% to $2,939 on safe-haven demand but retreated from a $2,954 high. Traders await S&P Global Flash PMIs. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.02%, with Bitcoin and Ether rising by 2.46% and 0.69%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is BERA, which surged nearly 15.8% after The Graph integrated Berachain Mainnet on day one, enabling seamless onchain data access.

Berachain (BERA), founded in 2021, is a Layer 1 blockchain with Proof-of-Liquidity consensus, ensuring security and liquidity while maintaining full Ethereum compatibility. The Graph has 

 support for the newly launched Berachain mainnet from day one. Developers can now query Berachain data using Subgraph Studio, making it easier to organize and access onchain data. This integration enables the creation of fast and efficient frontends for Berachain-powered dapps.

Check Out the Latest Prices, Charts, and Data of 

 is the core currency of Kaito AI’s InfoFi ecosystem, enabling transactions, governance, staking, and community engagement. The total supply is allocated as follows: 56.67% to community and ecosystem initiatives (including ecosystem growth, creator incentives, and liquidity rewards), 25% to core contributors, 10% to the foundation, and 8.3% to early backers. Distribution is merit-based, using AI-driven assessments of engagement, governance participation, and long-term alignment with Kaito’s vision. Staking provides rewards and voting rights, ensuring active participation. A claim process for KAITO will be announced soon.

Yesterday, BTC Spot ETFs recorded a net outflow of $252.8M, including $33.5M from GBTC and $219.3M from non-GBTC funds.

. With $43 million in funding, this presents a valuable opportunity. To maximize your points, complete the "Generate at least one transaction on Sahara Testnet" task by sending a small amount of SAHARA via Metamask. This earns 20 points, a significant amount compared to other tasks. Ensure you take full advantage of this opportunity.

Beginner

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KAITO Powers the InfoFi Ecosystem with Governance Staking and Community Rewards

Kaito is an AI-powered information indexer specifically designed to deliver actionable insights for cryptocurrency traders and investors. Find out more now!

Within a year of its launch, Kaito has already established itself as a key player in the web3 industry. Its innovative approach combines artificial intelligence with publicly available crypto conversation data, creating a tool that can present an up-to-date picture of the events affecting the cryptocurrency space at any given time.

 is an AI-powered search engine specifically designed for the cryptocurrency space. It’s a premium service with a monthly subscription of $1,099. The platform indexes thousands of 

 sources that aren’t accessible through traditional search engines, and gathers data from Twitter, Discord, governance forums, research papers, news articles, podcasts and even conference transcripts. 

Kaito uses advanced AI algorithms and natural language processing to better understand context and gauge sentiment about topics. Its use of AI and an internal algorithm allows Kaito to filter out the noise, presenting a more accurate picture of community sentiment. 

. Before moving to web3, Hu worked in the traditional finance space for over eight years, including the management of a $500 million equities portfolio at Citadel. His aim with Kaito is to democratize web3 information by giving users access to tools and insights they need to navigate this ever-changing industry. 

Kaito has quickly attracted significant investment from major 

 in the industry. The project has already raised $10.8 million across two funding rounds.

The seed round in August 2023 was led by Dragonfly Capital, with participation from Sequoia Capital China, Jane Street and others, as Kaito secured $5.3 million. This was followed by a Series A round in June 2023, led by Superscrypt and Spartan, raising an additional $5.5 million with a valuation of $87.5 million. Other notable investors include Mirana Ventures, Folius Ventures and Alpha Lab Capital. 

Kaito offers a range of features designed to provide users with comprehensive and actionable insights. They include the following:

: Kaito’s platform uses a custom-built large language model (LLM) in combination with real-time data gathered from various sources to provide users with actionable insights on developments in the web3 space. 

:As a web3-native company, Kaito can analyze and understand the nuances of 

 and concepts. This gives it an edge when compared to Web 2.0 search engines that struggle to understand this space. 

: Kaito tracks market sentiment at various levels, including general market sentiment, sector-specific sentiment and sentiment toward specific tokens and projects, providing investors and traders with an important metric in assessing a project’s value.

Kaito uses a custom LLM to enhance its data processing capabilities. The platform aggregates data continuously from various sources, including social media, forums and news websites. This data is then processed using Kaito’s natural language processing capability to identify relevant information, extract key insights and analyze market sentiment. 

In addition, its platform uses a reputation system to give weightage to different posts based on the reputation of each poster. It also employs sophisticated algorithms to filter out spam and bots that often try to shape public opinion on social media platforms, especially on X. 

In December 2024, Kaito AI introduced two new elements to its ecosystem: 

 collection. Yaps is a scoring system that measures user contribution and engagement within the web3 community. Users earn 

 by creating valuable content, engaging with others in the crypto space and participating in discussions on 

. Kaito uses four main attributes in allotting these points:

The system also automatically filters out spam posts, making sure only real posters and useful posts can earn Yap points. While Kaito hasn’t officially confirmed a token airdrop associated with Yaps, the program allows participants to accumulate points that might play a role in future rewards, or initiatives within the Kaito AI ecosystem.

Participation in the Yaps program is completely free. Users just need to log in with their Crypto Twitter accounts and Kaito will start tracking their Yaps scores automatically. 

Genesis NFTis a limited-edition collection of 1,500 

 launched by Kaito AI. Priced at 0.1 ETH each, these NFTs have been minted in three phases:

As of Dec 26, 2024, NFTs in the collection are tradable on OpenSea, with a floor price of approximately 3.69 ETH. 

Kaito is a new and innovative service in the web3 space. Its use of AI to cut through the noise and fragmentation presents a great opportunity for the entire ecosystem. Kaito’s 

 suggests that it’s likely to roll out new features and/or services in the future. While the high subscription fee may be an obstacle for large-scale adoption, Kaito is still likely to become an important tool in the hands of institutions and 

 Perpetual Contract with up to 75x leverage now!

Intermediate

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Kaito: AI-Powered Web3 Information Platform

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.

With fewer macroeconomic releases in early 2025, the crypto market has experienced lower volatility and stagnant spot prices. This has led to decreased implied volatility in derivatives, a steepening term structure and stable open interest. 

However, ETH options still anticipate continued price volatility. Historically, such sideways movements have seen altcoins underperform, reflected in disappointing funding rates in the derivatives market.

Please check out the report’s highlights.

Without clear narratives or volatile spot price movements, open interest in perpetual swap contracts has remained flat over the past two weeks, with trade volumes also subdued in this low-volatility environment. Notably, SOL's perpetual positioning hasn’t significantly changed, even with its spot price 35% below its all-time high from late January.

On February 17, ETH’s spot price surged 6%, contrasting with the sideways movement of other crypto assets, but those gains were nearly reversed within 24 hours. This led to higher realized volatility in derivatives, and a flatter term structure as compared to BTC. Traders continue to assign a premium to short-dated ETH options, whose volatility has been higher than that of BTC for some time. Additionally, ETH option trade volumes have spiked, with calls reaching $0.25 billion on Feb 15, 2025.

Since reaching its all-time high in late January 2025, Solana's spot price has declined, leading to muted options markets with low activity in both calls and puts. Open interest is balanced between upside and downside, and is primarily focused on longer-dated positions, reflecting a lack of interest in short-term trades amidst disappointing spot market activity.

Advanced

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Feb 19, 2025): Crypto Remains Silent as ETH Sees Volatility

Across Protocol (ACX) enables seamless, low-cost cross-chain transfers with intent-based transactions, enhancing DeFi accessibility and security.

Transferring crypto assets from one blockchain network to another is still cumbersome, costly and inconvenient for many users, particularly those without a deep technical understanding of the technology. Numerous 

 solutions have emerged to facilitate the process, but the costs and complexity of crypto transfers are still an issue limiting the adoption of cross-chain 

Across Protocol (ACX) is a blockchain project that aims to tackle this problem by offering highly efficient, low-cost and secure cross-chain transactions based on intent technology. 

Intents — transaction requests with prespecified conditions — have seen rapid adoption in the blockchain industry. Across Protocol has focused its service offerings on using this promising technology. Begun in 2021 as a solution to facilitate token transfers between 

 networks linked to the blockchain, the protocol has evolved through two major version upgrades into a modular cross-chain solution that DApp operators can easily integrate into their platforms.

The protocol’s latest iteration, Across V3, features a modular settlement layer that 

 (DeFi) platforms can leverage to offer their users seamless, intent-based cross-chain swaps and asset transfers, all without leaving the user app’s native interface.

 (ACX) is an intent-based, modular web3 solution that offers cross-chain crypto transfers and swaps.

 Using the protocol, DApp operators can integrate Across into their own solutions to let their end users conduct intent-based cross-chain operations.

Across is not a newcomer to the blockchain scene — the project was launched in late 2021 and might be considered one of the first, if not the first, decentralized protocols specializing in intent-based cross-chain transactions. The original protocol, now known as Across V1, was primarily limited to enabling direct asset transfers between Ethereum and Layer 2 chains connected to the world's largest 

In June 2022, the protocol underwent its first significant upgrade with the introduction of Across V2. This upgrade improved the overall efficiency of the platform and introduced new functions. The major difference between V1 and V2 was that the latter could facilitate further intent-based transactions after the transfer of assets from the origin chain to the destination network. In contrast, Across V1 was limited to simple asset bridging between chains.

However, the protocol's most significant upgrade arrived in the form of Across V3, announced in February 2024, which introduced asset swap functionality and architectural modularity, allowing Across to act as a pluggable solution for various DeFi applications. Across V3 also simplified the calculation of fees for cross-chain operations. With Across V3, DApps of various kinds — primarily in the DeFi niche — can easily integrate intent-based cross-chain asset transfers, swaps and liquidity solutions into their own platforms. The protocol provides a set of APIs for developers for such integration.

The best part is that users of these DApps don't need to leave the platforms' native interfaces to execute the cross-chain operations. All of the activities supported by Across Protocol are carried out via the client's DApp interface. This is in stark contrast to the typical cross-chain experience for many web3 users, as they need to use multiple interfaces — e.g., one provided by an asset bridging solution and another at the destination app they use — to carry out their desired crypto operations.

Transactions executed by the protocol are based on user intents. Intents are conditional requests from users to perform some action, e.g., a token swap from ETH to USDT, if specific requirements are met, e.g., the swap rate is no lower than a certain value of ETH. In reality, many intents are executable transactions in the form of 

. Intent-based transactions have recently become popular in the crypto industry, due to benefits such as the limit on swap rates, a no-slippage fee model and other conditions that perfectly fit users' intended outcomes.

User intents are passed to Across's decentralized network or relayers, also known as solvers or fillers, which look for the best on-chain sources to satisfy the requests. Relayers compete with each other to offer the best solution to the user's stated outcome. The relayer that provides the best outcome earns the right to execute the transaction. This competitive relayer landscape allows end users to access the best possible rates for their cross-chain transfers and swaps.

Across Protocol locks user funds allocated for a transaction in an escrow pool instead of immediately transferring them to the winning relayer's custody, providing enhanced security to users. Relayers are responsible for providing the necessary funds to carry out the transaction on their own without having access to the user funds in escrow. When a relayer successfully executes an intent, they’re repaid from the liquidity pool holding the escrowed assets. To optimize 

, repayments to relayers are bundled and transferred in batches.

At the architectural level, Across is a modular system with three main layers — intent, relayer and settlement.

The intent layer is the component that handles user intents and their deposits at the origin chain. Then, the relayer hosts the network of relayer nodes and handles functions related to their activity — provision of capital to execute user intents, competitive bidding and the execution of intents.

The settlement layer is where the finalization of the transaction flow occurs, with relayers repaid in bundles and transactions settled on the destination chain. Verification of transactions uses an optimistic oracle that’s provided by the 

, a protocol specializing in blockchain oracle services.

Across Bridge is a cross-chain token bridge designed for efficient, low-cost and secure asset transfers. It provides an easy-to-use interface for users to move tokens seamlessly between different decentralized networks. To start using the bridge, you’ll need to connect a supported wallet. As of early February 2025, the bridge supports four popular wallet types — 

, Coinbase Wallet, Phantom and the group of wallets compatible with the WalletConnect framework. Currently supported networks for transfers include the Ethereum mainnet, 

 (POL) and zkSync Era. Transfers from the origin chain to the destination chain typically take only a few seconds to confirm.

Across+ is a bridge abstraction solution that utilizes cross-chain hooks to bundle multiple actions into one user transaction. In plain terms, it simply means that you can bridge assets to a protocol or DApp on the destination chain and carry out further actions (such as contributing liquidity) with a single transaction. For end users, this helps abstract the fact that the assets used for a crypto operation have been initially moved in from a different network. The cross-chain hooks let end-users carry out these transactions with a single instruction/signature, although under the hood, multiple actions are performed at the smart contract level.

Across+ boasts an extensive cross-chain reach. It currently supports 17 networks, including Ethereum and a wide range of Ethereum-linked Layer 2 chains.

Earlier, we noted that Across Protocol moved to a modular design with the launch of its V3 in early 2024. This shift to modularity has created opportunities for DApps and external protocols to use the platform’s settlement layer as a pluggable standalone product to provide efficient settlement for intent-based cross-chain transactions. Using Across Settlement, DApps can extend their functionality into intent-based liquidity operations, swaps and transfers. Across Settlement supports the same 17 decentralized networks that can be utilized with Across+.

In November 2022, Across Protocol launched its native token, ACX. The token is primarily used for 

, and holders can vote on various proposals related to the protocol's rules, future direction, treasury spending and native token emission. ACX holders exercise their governance function through membership in the Across DAO.

Holders of the token represent one component of the protocol’s governance model. The other two key parties involved are the Across Council and Committees, made up of specific subject matter experts. While all ACX token holders are entitled to vote on proposals, only those who hold at least 50,000 ACX (around $16,000) can submit proposals considered for voting.

ACX is a supply-capped asset, with a total and maximum supply of 1 billion. The token’s allocation shares are as follows:

 as a Perpetual contract with USDT. Under the terms of the contract, you can trade ACX with up to 50x leverage. The contract is available to traders in Bybit’s derivatives products, such as 

As of Feb 20, 2025, the ACX token is trading at $0.3257, which is 80.7% lower than its ATH of $1.69 on Dec 6, 2024, and 846.3% higher than its ATL of $0.03441 on Jun 1, 2023.

Long-term price forecasts for ACX are mostly bullish.DigitalCoinPrice 

 an average rate of $1.17 in 2027 and $1.78 in 2030, whileCoinCodex 

 the token to trade at around $0.34 in 2027 and rise to $1.12 in 2030.

The inefficient and often costly process of moving assets from one chain to another continues to hamper the adoption of DApps among crypto users. By enabling cross-chain intent-based functionality, Across Protocol seeks to provide DApps and their end users with a truly single-chain experience, where crypto operations across different networks can be handled from the same user interface.

Moreover, some of the protocol's key features — intent-based transaction execution, the competitive nature of the relayers' work and the batching of relayer repayments — contribute to lowering the costs of transfers and other crypto operations. Furthermore, the escrow system that the protocol employs protects users from malicious relayers, contributing to a stronger security profile for its platform. 

Minimal costs and tight security while carrying out your cross-chain crypto operations from a single DApp interface — these features aren't easy to come by all in one solution! 

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Across (ACX): An Intents-Driven Solution for Cross-Chain Transfers

Bybit Guide

Bybit Rewards Hub offers a hassle-free way to earn various reward vouchers that enhance your trading experience when you complete simple tasks and campaigns. 

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Earning rewards with Bybit has never been easier. Now, with Bybit Rewards Hub, you can unlock up to seven types of reward vouchers designed to enhance your trading experiences. All you have to do is complete simple tasks and join engaging campaigns to earn enticing coupons, bonuses, discounts and much more.

 is a rewards center where Bybit users can earn and claim rewards on their Main accounts by completing tasks and participating in events within a certain time frame. 

There are six different kinds of rewards to earn, each one tailored for a different purpose: Bonus, Coupon, Fee Discount, Airdrop, APR Booster and Loss Cover. The time frames for task completion and claiming rewards will vary across rewards, so you’ll need to check the individual task and reward details to ensure you don’t miss the opportunity to earn and claim your rewards.

If you’re wondering about the required tasks, here are some examples of how straightforward they are. First, to receive 20 USDT as a welcome gift, simply 

. After that, when you refer a friend to Bybit, each of you will get to earn 25 USDT — plus a mystery box worth up to 1,000 USDT!  

There are three types of Bonus: Derivatives Bonus, Copy Trading Bonus and Fiat Bonus. Each Bonus has an expiration date. If left unused past that date, the Bonus will be considered forfeited. The Bonus cannot be withdrawn, converted or transferred, but the profits can be. 

The Derivatives and Copy Trading Bonuses can be used in multiple ways: as a 

, to offset trading fees or funding cost, and to cover trading losses. By using these Bonuses, you can enhance your trading capacity and mitigate potential losses, providing greater flexibility and risk management capabilities. 

The Derivatives Bonus can be used either as a 

, or as a trading fee deduction to cover losses and fees incurred when trading 

 trading or perpetual trades made via Trading Bot or Copy Trading). 

The Copy Trading Bonus can be used either as a 

 margin or as a trading fee deduction. Its fee deduction is used to offset copy trading Perpetual contracts (but not Spot or Futures contracts). It cannot be used for trading bots within Copy Trading. You can only claim and receive the Bonus in your Main Account, but the Bonus can be used in your

While you cannot transfer your funds on your own, should you wish to increase your investment for a particular Master Trader, the system will automatically transfer a specific amount of Copy Trading Bonus to your Copy Trading Account. 

 that if you use the bonus as a follower to copy a Master Trader’s page, and you choose to unfollow them later, you will lose the bonus. 

The Fiat Bonus can be used to offset the actual amount of the transaction order in place of using your own funds. It’s currently only applicable to transactions made via the 

There are three types of Coupons: the Trading Fee Coupon, the Buy Crypto Coupon and the P2P Coupon. These Coupons help lower transaction costs by covering fees for various transactions. Just like the Bonuses, Coupons cannot be withdrawn, transferred or converted.

The Trading Fee Coupon is used as a trading fee deduction to cover fees associated with trading Spot pairs, or Perpetual or Futures contracts. Once you claim the coupon, it will automatically be used for one or more transactions. 

There are two types of Trading Fee Coupons:

The Buy Crypto Coupon can be used to offset transaction fees incurred during 

 as specified on the voucher details. When using the Buy Crypto Coupon, the system prioritizes deducting fees from the Coupon. However, if the Coupon amount is insufficient to cover the entire fee, the remaining fee will be subtracted from your own funds. 

 that you can only use a single Buy Crypto Coupon per transaction, but each Coupon can be used multiple times until the total amount in it is completely exhausted.

P2P takers who buy USDT and USDC during their P2P transactions can enjoy transaction fee deduction using the P2P Coupon.You can use the coupon for all fiat currencies supported by 

: There may be a slight price difference during the conversion, due to the approximately one-second time gap during the P2P trade.

The Fee Discount voucher lets you enjoy a discount for trading fees and/or fiat transactions on your Main or Subaccounts. If you have multiple fee discount vouchers, the system will automatically calculate and apply the most favorable fee rate for you. This voucher can only be used for non-VIP rates. Your VIP rate will apply if you are entitled to a better fee rate according to your VIP level. 

Please be aware that the vouchers will have different usage sequences, depending upon your type of account. For Unified Trading Accounts and Unified Margin Accounts, the system will first process the Fee Discount, followed by the Bonus, and then the Coupon. For non-unified trading accounts/non-unified margin accounts, the Fee Discount is first applied, after which the Coupon and then the Bonus is used. If there’s any remaining amount required for payment after using these vouchers, then your principal funds will be used. 

After you claim an airdrop, it will be allocated into your 

. You can use the airdropped assets for trading or accessing various services offered on Bybit. Additionally, you can withdraw the airdropped assets if you prefer to transfer them to an external wallet or use them outside the Bybit platform, or even convert the airdropped items if you desire. Unlike all other rewards, there is no expiration date for airdrops.

The APR Booster allows you to earn extra yield for 

 (only for Flexible Savings plans) under 

 within a specific period. An APR Booster has a Yield Boost Cap and a Yield Boost Period. 

The Yield Boost Cap indicates the maximum yield amount you can earn. Meanwhile, the Yield Boost Period offers the maximum effective duration during which you can earn enhanced yields, starting from the hour the voucher is applied. The APR Booster will no longer be effective when the cap is reached or the voucher’s duration has expired, whichever comes first.

You can choose to increase your investment or make another investment to further boost your interest after using the voucher, as long as the voucher has not expired or reached the cap. 

You can use Loss Cover vouchers to offset your trading losses, with the flexibility to use multiple Loss Cover vouchers simultaneously to offset your losses. The system will prioritize the voucher with the earliest expiration date and process it accordingly, allowing you to efficiently mitigate your trading losses and optimize your risk management strategy. 

However, this feature is currently limited to use within our automated trading bot products, including 

. In addition, it can only be used when you settle in USDT/USDC during the creation and closure of a trading bot. 

First, complete Identity Verification Lv. 1 or Business KYC to receive rewards (after creating an account with Bybit, make sure to proceed with 

 first). After that, the process is incredibly easy. Just take a few moments to complete simple tasks and join campaigns, and you'll be rewarded with a variety of vouchers. 

As mentioned earlier, every task has a designated time frame, which you can check in the 

 section. Each reward also has its own expiration date (except airdrops), which can be checked on the 

 page. You will be able to claim the rewards three days after completing your task. It’s imperative to claim and use the rewards while they’re still valid, as they’ll be unusable after the expiration date (except airdrops). Therefore, we recommend that you collect and use the rewards as soon as possible.

Don't miss out on this incredible opportunity. 

, where every trader is rewarded for completing simple tasks and campaigns. With six different types to earn, your journey is bound to be highly rewarding. That's not all: By simply signing up with Bybit, you’ll immediately receive 20 USDT on the Rewards Hub. 

Bybit Rewards Hub: Your Path to Effortless Earning and Trading Benefits

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards