Ethereum surged 29% this week, breaking a 10-week downtrend and catching short sellers off guard with $400M liquidated. 

The S&P 500 extended its rally with a nine-day winning streak, its longest since 2004, as optimism over potential trade deals and upcoming Fed and earnings updates lifted sentiment. Gold rose to $3,245 on trade uncertainty and Fed rate cut hopes. CoinDesk Indices, which tracks the broader crypto market, fell 1.50% in the past 24 hours, while Bitcoin and Ether dropped 0.10% and 0.51%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is AI16Z, which surged 7.0% after Bonsai's smart media protocol integrated with Eliza to empower agent-driven social content creation.

elizaOS (AI16Z), launched in October 2024, formerly ai16z, is a Solana-based DApp that uses a DAO and an AI agent, "Marc AIndreessen," to manage community-driven investments in tech and crypto projects. 

, lets developers create agent-driven social media scripts and templates using ElizaOS plugins. The Bonsai Client, its first implementation, enables easy deployment of these smart media agents on platforms like Lens. Builders can explore these tools and compete for prizes in the Lens Spring Hackathon.

Check out the latest prices, charts, and data of 

Ethereum surged 29% this week, breaking a 10-week downtrend and catching short sellers off guard with $400M liquidated. Despite muted ETF flows and neutral derivatives sentiment, ETH’s dominance remains unshaken—boasting $64B in TVL, dwarfing Solana, BNB Chain, and Tron combined. With fresh momentum from the recent pectra upgrades and Trump distancing from rival altcoins, all eyes are now on a potential push toward $2,700. 

BTC spot ETFs saw $920.9M in net inflows this week, driven by $1.09B into non-GBTC funds despite $171.5M outflows from GBTC. Since inception, total net inflows stand at $41.1B.

 are now live and claimable as a small bonus for users farming the upcoming Aster (AST) airdrop. By depositing BNB to mint asBNB, users can start earning points toward both the main airdrop and future ecosystem rewards. Optional perp trading can boost points further, but simply holding asBNB is enough to qualify.

Beginner

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Ethereum outperforms with a 20% rally as fresh capital flows in and undervaluation signals flash

Our monthly report delves into insights from options volatility to inspire your next crypto move.

: April 2025 saw BTC's implied volatility surge above 75% due to tariff chaos, but it collapsed to 35% within a week, indicating a surprising short-term drop in volatility expectations despite ongoing macro uncertainty.

: BTC's return above $100K was met with muted enthusiasm in the derivatives market, suggesting that 

traders no longer view this level as a significant psychological barrier, and the rally isn’t likely to be sustained.

: ETH significantly outperformed BTC with a 23% rally, leading to increased demand for short-dated calls and a positive shift in the options market, highlighting renewed bullish sentiment.

: Historical trends suggest a potential summer lull in volatility in store for BTC, raising questions about whether this pattern will repeat in 2025 amidst ongoing macroeconomic challenges.

Bitcoin’s volatility plunges in late April

April 2025 witnessed significant volatility in the cryptocurrency market, particularly influenced by US trade policies. As President Trump announced steep reciprocal tariffs, the crypto landscape experienced sharp fluctuations. Bitcoin (BTC) initially demonstrated resilience, despite widespread sell-offs in equities and the US dollar, only to succumb to a decline from $88K to $75K by early April. This period was characterized by a dramatic rise in implied volatility that peaked above 75% as traders sought protection through short-dated puts. However, as the tariffs faced moderation, implied volatility plummeted to 35% by mid-April, marking the lowest level since early March.

Interestingly, while short-tenor volatility collapsed, 

the back end of BTC's term structure remained elevated, signaling that market participants expect heightened volatility in the mid-term

. Amidst this backdrop, realized volatility fell below the five-year seasonal average, paralleling similar trends in previous years and suggesting a 

. The historical pattern contrasts that BTC often experiences a rebound in volatility heading into May, raising questions about whether this trend will persist.

Subdued derivative response suggests Bitcoin rally might not endure

The market's reaction to BTC's resurgence above the $100K threshold was notably subdued compared to previous instances. While BTC rallied 20% following the initial tariff sell-off, the derivatives market displayed a muted response. The 25-delta put/call skew, a measure of market sentiment, indicated only a slight bias toward out-of-the-money calls, contrasting sharply with sentiment previously when BTC first breached the $100K mark in December 2024. This lack of exuberance suggests that traders no longer view $100K as a significant inflection point, raising concerns about the sustainability of the rally. 

Meanwhile, funding rates and implied volatility — though still bullish — didn’t reach the extremes observed in earlier months, indicating more cautious market sentiment. The relationship between BTC's spot price and implied volatility suggests that although traders are optimistic, they’re waiting for BTC to approach previous all-time highs before adjusting their volatility expectations.

Ethereum's option data points to further rally

In stark contrast to BTC, Ethereum (ETH) displayed remarkable resilience and outperformed major cryptocurrencies, gaining 23% overnight following favorable trade news. This rally catalyzed a surge in demand for short-dated calls, pushing front-end volatility expectations significantly higher. The response from the derivatives market was robust, inverting the term structure and indicating renewed bullish sentiment toward ETH, even as it’s trading well below its all-time high.

The ETH options market exhibited a shift from neutral to slightly negative skew, to a 10% bias favoring out-of-the-money calls, reflecting the market's confidence in ETH's potential to regain lost ground. Despite overall macroeconomic uncertainty, the demand for ETH options suggests that traders are optimistic about Ether’s future price movements.

In conclusion, April 2025 highlighted the complex interplay between macroeconomic factors and cryptocurrency market dynamics. While BTC faced challenges in eliciting strong responses from derivatives markets upon recrossing the $100K threshold, ETH's performance indicated a divergence in market sentiment. As traders navigate the evolving landscape, the potential for seasonal volatility patterns and the influence of macroeconomic developments will remain critical factors in shaping future market expectations.

Advanced

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Bybit X Block Scholes options volatility report (April 2025): Data suggests Bitcoin rally might not endure, but Ether sees further upside

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.

After mostly trading sideways at the end of April 2025, a US-UK trade deal sparked a crypto rally. BTC surged past $100K for the first time since February, but it’s ETH's performance that captured the derivatives market's attention. 

A 23% increase in ETH's spot price led to an inverted term structure and a spike in front-end volatility. The put/call skew for ETH shifted from a bearish bias to a nearly 10% skew toward OTM calls. Other sentiment indicators, such as perp funding rates and futures yield, also supported the rally. In contrast, while BTC's funding rates and skew have increased, its implied volatility remains low at 40%, over 30 points below ETH's 7-day implied volatility.

Please check out the report’s highlights.

ETH’s record performance since 2021 was propelled by positive term structure

ETH has significantly outperformed BTC and the top 10 cryptocurrencies, marking its largest single-day gain since May 2021. The options market has reflected this enthusiasm, with implied volatility for short tenors rising sharply and inverting ETH’s term structure, thus contrasting with BTC's muted, positively sloped structure. The 7-day tenor for ETH is now trading at a 33-point premium over that for BTC. 

While puts dominate BTC's open interest, ETH is seeing the opposite trend. On May 8, 2025, options volumes surged over $120M, more than double the typical monthly volume, with $60M more in calls than puts. ETH now boasts a positive futures curve and funding rates, as well as a strong skew toward OTM calls.

ETH sees exceptionally bullish put/call skew

ETH's substantial outperformance in the current crypto rally has led to bullish sentiment in its derivatives markets. Funding rates have surged, futures yields are strongly positive and the put/call skew has shifted significantly toward OTM calls, now close to 10%. This starkly contrasts with early April, when the skew was 20% toward OTM puts. Although ETH has underperformed (relative to BTC and other "ETH killers"), it has rebounded in this rally, with the ETH/BTC ratio rising after spending most of the year declining.

Open interest for Bitcoin options increased, with implied volatility remaining suppressed

The announcement of the new US administration's first trade deal, nearly 30 days into Trump's 90-day tariff pause, jolted crypto markets, pushing BTC back up above $100K. Surprisingly, implied volatility has remained suppressed, failing to invert BTC's term structure, with front-end volatility trading at around an 18-month low of 35-40%. On May 8, 2025, options volumes surged, with call volume reaching $189M, reversing last week's trend of higher put volumes. Meanwhile, open interest rose steadily to exceed $300M, the highest level this month, but remains significantly larger for puts than for calls despite the price increase.

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Bybit X Block Scholes crypto derivatives analytics report (May 9, 2025): Ether’s put/call skew turns remarkably more bullish than Bitcoin’s

This article explores how Sign works, its flagship products (such as TokenTable, SignPass and EthSign), its native token (SIGN) and how to trade SIGN on Bybit.

Sign is an omnichain attestation infrastructure that empowers users and developers to verify real-world claims on-chain. Built for a more transparent and decentralized future, it eliminates the need to “just trust” and enables everyone to verify with cryptographic proof.

This article explores how Sign works, its flagship products (such as TokenTable and EthSign), its native token (SIGN) and how to trade SIGN on Bybit.

 is an omnichain attestation protocol designed to make it easy for anyone to verify the authenticity of any claim — 

. Whether it’s a document, credential or user identity, Sign transforms traditional trust models into verifiable, cryptographic attestations. 

Sign’s mission is to replace outdated, opaque validation systems with transparent, 

 proof — enabling a future where “verify” replaces “trust.” Through tools like schema registries and digital signatures, Sign empowers users to bring accountability and integrity to digital interactions.

Sign is developed by the team behind EthSign, a 

-native e-signature and agreement platform. Its core team brings deep experience in 

 development and cross-chain integrations.

The project is backed by top-tier investors, including Sequoia Capital China (now known as HongShan Capital Group), Mirana Ventures, HashKey Capital and Hack VC.

This strategic funding positions Sign as a foundational layer in the web3 infrastructure stack.

Sign allows users to create attestations — cryptographically signed statements that prove the validity of claims, such as credentials, achievements or actions. These digital proofs can be verified by anyone at any time, making them tamperproof and transparent.

Sign’s key technical elements include a schema registry that ensures consistent data formatting, digital signatures proving authenticity, and on- and off-chain attestations with support for revocation or updates

This system acts like a programmable layer for web3, bringing a new level of trust to identity, credentials and data exchange.

TokenTable is Sign’s flagship token distribution platform. It helps projects unlock, distribute and manage tokens transparently and securely at scale.

It uses Sign’s attestation engine to verify token unlocks, 

 and vesting schedules, ensuring traceable, auditable token flows.

SignPass is a blockchain-based identity solution that brings real-world credentials on-chain. One notable implementation is the Sierra Leone PR Card, used for the world’s first government-approved on-chain permanent residency program.

SignPass offers encrypted on-chain records for easy 

 verification, physical ID issuance for daily identity use and streamlined digital application systems for cross-border access.

It showcases the way blockchain can modernize public sector services worldwide.

EthSign is a decentralized contract signing platform that lets users create, sign and store legally binding agreements directly on-chain. It removes intermediaries and ensures documents are immutable and accessible.

EthSign reinforces Sign’s mission by bringing traditional documentation into the realm of verifiable web3 attestations.

The SIGN token is the native utility token powering the Sign ecosystem. It’s used for:

The total supply is capped at 10 billion SIGN, with 1.2 billion tokens in circulation. While the fully diluted valuation (FDV) sits above $746 million as of May 7, the circulating market cap is approximately $89.6 million. SIGN continues to gain traction across exchanges and developer networks.

SIGN is available for trading on Bybit via Spot trading and as a USDT Perpetual contract. Bybit offers up to 75x leverage for the SIGNUSDT Perpetual contract and supports secure, high-liquidity spot trading.

Start exploring the future of attestations with SIGN on Bybit today.

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Sign (SIGN): Web3 protocol for trustless attestation

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Crypto podcasts have been popular with audiences mainly because of their accessibility & utilities for users. Find out the best podcasts you shouldn't miss!

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There’s no doubt that the crypto world is a fast-moving one, with numerous projects being launched and countless pieces of news populating X (formerly Twitter). Staying ahead of this industry and keeping current with its happenings may be difficult and time-consuming for some. Luckily, podcasts keep users up-to-date, compressing all the latest news and project launches into a short roundup and making it convenient for people to listen on the move.

Within the crypto industry, there are multiple podcasts that cater to different audiences, each one featuring a suite of content, such as interviews, summaries of market happenings and even market analyses. 

Here are 15 of the best crypto podcasts where you can access the latest crypto-related news and learn about the crypto industry.

A cryptocurrency podcast is a collection of audio-based downloadable or streamed episodes that cover specific topics related to cryptocurrencies and blockchain technology. Crypto podcasts might focus on certain areas or niche topics or have a broader focus, covering all the latest news and notable developments in crypto markets.

A typical cryptocurrency podcast might have a release frequency of between a few times a month and daily. The duration of episodes may also vary widely, depending upon the depth of coverage and nature of the discussions. Some podcasts feature episodes as short as 10 to 15 minutes, while those focusing on detailed coverage might run for one and a half to two hours per episode.

Podcasts serve as a great alternative to blogs, news websites and video content for crypto enthusiasts who prefer the audio mode of information consumption.

Founded in 2016 and hosted by the acclaimed crypto journalist 

 is one of the oldest podcasts in the industry. The popular podcast discusses a wide variety of industry topics, with a focus on the impact of crypto assets and blockchain technology on areas like financial services, identity and the Internet of Things (IoT), among other issues.

Released every Tuesday, the hour-long podcast often features an interview or discussion with a prominent innovator in the crypto space. Some recent guests have included José Macedo of Delphi Digital, Ari Paul of BlockTower Capital and Luke Youngblood of the Moonwell borrowing/lending protocol.

The podcast primarily targets listeners who possess some experience and knowledge of the crypto industry. If you're interested in receiving in-depth perspectives from the industry's innovators and thinkers, check out the 

 discusses a variety of crypto topics, including pivotal market developments, government regulation and crypto taxation. The podcast is hosted by 

, a New York Times contributor and NFT expert, and 

, a former digital and social strategist at Symantec.

Using their combined decades of experience in various technological areas, the hosts provide a unique perspective on many of the topics discussed. This podcast goes beyond observations of price developments, offering valuable insights on topics of strategic importance for the industry. Its hosts are fearless in touching political topics and their impact on the crypto and blockchain spheres. The podcast has featured some high-profile guests, such as Ethereum's founder, Vitalik Buterin, and the prominent libertarian and former U.S. congressman Ron Paul.

While the podcast discusses immediate price developments in the market, its core target includes crypto enthusiasts interested in the impact of political events, government regulation and taxation on the crypto market. 

 is hosted by blockchain entrepreneur Bryce Paul and crypto analyst and trader Brendan Viehman. Released twice a week, the podcast covers some critical industry topics, such as crypto ETFs, Bitcoin news, the interrelationship between the cryptocurrency and AI sectors, and major 

 (DeFi) platforms. At the same time, the podcast goes deeper than many others in our review into the 

 of crypto price movements. Viehman's background as a trader and analyst provides significant value to these discussions.

Many of the podcast's episodes feature detailed interviews with guests. Some recent notable guests have included Rune Christensen, the founder of 

The podcast suits crypto users who want coverage of a variety of crypto news and topics, with an occasional focus on high-quality technical analysis. 

 promotes itself as the "ultimate guide to crypto finance, DeFi, NFTs and cryptocurrencies." Released nearly daily on weekdays, the podcast is hosted by crypto experts and investors 

. The podcast covers some of the more technical or niche topics, such as the 

 and the technical architecture of specific blockchain platforms. Technical analysis episodes are also included from time to time, although they aren't the podcast's key area of specialization. Additionally, it frequently delves into more nuanced topics, such as freedom of speech and the interrelationship between crypto VCs and retail investors.

have included Noah Smith, the renowned economist and former Bloomberg columnist; Alex Thorn, Head of Firmwide Research at Galaxy Digital; and the seemingly omnipresent Vitalik Buterin.

In general, this is an excellent podcast for more advanced crypto enthusiasts, as the nature and depth of the topics are likely to be confusing for a newbie to the field. 

 covers all the pivotal news, events and market developments concerning 

 (BTC), the world's premier cryptocurrency. Thanks to the high frequency of the podcast, users can stay abreast of the latest industry news related to Bitcoin. While other crypto assets might be mentioned or touched upon, this usually occurs within the course of discussions focused on Bitcoin.

Listeners can expect some of the most detailed and nuanced discussions of Bitcoin, with episodes covering technical analysis, Bitcoin's impact on society, the effect of the current AI revolution on Bitcoin and more.

The podcast is hosted by British journalist and cryptocurrency expert 

. Some of his recent notable guests have included 

 protocol, and YouTube finance influencer 

 is available through a variety of sources, including its 

With a release frequency of around three to five episodes per month, 

 frequently features in-depth coverage of innovative protocols and blockchain platforms. The podcast's host is 

 , the co-founder of the Delphi Digital crypto insights agency. Tom often invites guests who provide a relatively detailed discussion of their protocols and solutions. The protocols covered represent a variety of niches, although the DeFi and 

 sectors seem to be a particular focus of the podcast. Some recent guests have included Cindy Leow, co-founder of 

, and David Johnston of Morpheus, a decentralized platform that aims to create personal AIs for individuals.

 will suit listeners with a certain level of experience and insight into the industry who would like to learn about new and promising blockchain platforms. It’s available on 

 features weekly episodes that provide an overview of specific platforms and coins, with an emphasis on the DeFi sector. The discussions, however, aren't exclusively focused on DeFi, and there are episodes covering topics of general importance for the entire crypto ecosystem, such as web3, network security, general-purpose blockchain platforms and more.

This podcast is particularly relevant for listeners seeking a deep dive into specific DeFi protocols and solutions. 

 — DeFi Podcast is available through its 

 is probably the most well-known crypto podcast to focus on the 

, the podcast releases new episodes approximately every two to three days, with occasional streaks of daily release. 

 covers everything related to the world of Ethereum — new token launches, innovative protocols, lawsuits and scandals, and many more issues.

The podcast's high frequency makes it ideal for those who'd like to stay abreast of the key events in the Ethereum ecosystem. Moreover, while the majority of other crypto podcasts have episodes lasting an hour or more, a typical episode of 

 is about 30 minutes in length. The shorter episodes make it particularly convenient for people with limited time on their hands who nevertheless need to stay aware of Ethereum-linked developments.

With roughly three to four weekly episodes, 

 covers a range of topics in the world of finance, crypto and, specifically, Bitcoin. Hosted by 

, the podcast often features high-profile guests, particularly from the investment finance sector. Pompilano's guest list includes prominent finance social media influencer Chamath Palihapitiya, billionaire entrepreneur Mark Cuban and famous investor David Sacks.

 focuses heavily on Bitcoin, though perhaps not to the same degree. “The Pomp” might be an excellent source for those seeking nuanced perspectives on crypto projects and Bitcoin from some of the greatest minds in the world of finance and investment.

 is one of the oldest crypto podcasts around. First released in 2014, it’s hosted by a team of crypto experts that includes Sebastien Couture, Brian Fabian Crain, Friederike Ernst, Meher Roy and Felix Lutsch. Each episode typically covers a specific protocol or technology, with a guest representing it and sharing their perspective. Notable recent guests on Epicenter have included Stani Kulechov, the founder and CEO of 

 is suitable for listeners who would like to get an in-depth overview of a specific blockchain protocol. It’s available through its own 

’s daily podcast analyzes Bitcoin, geopolitics, macroeconomics and other "big picture" issues. Hosted by CoinDesk contributor 

, It’s ideal for those who like short, information-dense coverage. Each episode is around 10 to 15 minutes in length, although some episodes might run for as long as half an hour.

As a former marketing specialist at the collapsed crypto exchange FTX, Whittemore adds unique value and perspective to the topics discussed. Given the host's background, the issues of crypto regulation receive particularly prominent coverage on 

 provides a detailed breakdown of salient topics in the world of crypto. The topics are wide-ranging — regulation, security, individual protocols, new technologies synergistic with blockchain, Bitcoin and more — and each episode typically lasts between 60 to 90 minutes, going quite in-depth into the topic discussed.

 is a popular crypto news portal. Recent guests have included Ethereum Foundation researcher Justin Drake and BabylonChain co-founder David Tse.

Although some of the topics discussed are covered in great detail, 

 aims to make its content accessible not only to expert-level listeners but also to those "confined to the middle of the bell curve" — i.e., intermediate-level crypto enthusiasts. The podcast is available on the 

 is a Bitcoin-focused podcast that, in addition to the typical crypto topics, often features philosophically charged discussions around issues as diverse as spirituality and religion, belief in yourself, modern masculinity, "wokeism" and more. This isn’t a podcast that’s afraid to debate the most politically relevant or controversial religious issues. Hosted by entrepreneur, writer and philosopher 

This is an excellent podcast for those in the crypto community who seek philosophical depth and insight, in addition to crypto-focused coverage. One warning, though — if your political beliefs are well toward the left, you may not like everything Breedlove and his guests discuss. Recent podcast guests have included 

, another podcast offered by Blockworks, is hosted by Jason Yanowitz and 

. With a release frequency of around three episodes per week, 

 typically features interviews with the founders or leads of blockchain platforms and protocols. Guests discuss their solutions’ applicability and importance within the overall crypto ecosystem. Recent notable guests have included Pascal Gauthier, Ledger Chairman & CEO, and Ryan Selkis, founder and CEO of Messari, Inc.

15. Cryptocurrency for Beginners: with Crypto Casey

Cryptocurrency for Beginners: with Crypto Casey

 covers a range of crypto-related topics in a novice-friendly way. 

, the podcast’s host, is a fairly well-known YouTuber and social media personality in the industry. The podcast often features quick coverage of the latest market developments, along with price predictions and investment advice for beginners.

Each episode is typically 10 to 20 minutes in length, making the podcast ideal for beginning crypto investors and enthusiasts short on time. There’s no set frequency for the podcast, and in recent months it’s typically been released two to six times per month.

Which Crypto Podcast Is Best for Beginners?

Many crypto podcasts focus on users with at least an intermediate level of knowledge. This is because a typical crypto podcast discusses a variety of protocols or coins in-depth, with insightful exchanges between the host and their guests. Understanding and taking an interest in such discussions requires a certain level of experience with (and knowledge of) the industry.

However, for crypto beginners, understanding market and industry developments in a quick and easy-to-digest fashion is more relevant. For this purpose, the last podcast covered above — 

 — is probably the best choice. This is because it features short, plainly explained episodes, with well-known content producer Crypto Casey focusing on novice audiences.

In our view, the best Bitcoin-focused cryptocurrency podcasts are 

. While the majority of podcasts above cover a variety of topics related to crypto and blockchain, these three podcasts pay particular attention to Bitcoin and its ecosystem. If we had to choose only one, we’d probably single out 

 as the most specialized podcast for news and developments related to the world's largest cryptocurrency.

 is somewhat different from the other two we've noted. While still highly focused on Bitcoin, a large number of its episodes delve into philosophical or political topics, with Bitcoin viewed only through the lens of these discussions.

There are a plethora of crypto podcasts covering different topics, bringing differing views to listeners. The list above will help you find the podcast(s) most suitable for you, depending upon your level of technical knowledge and preferences regarding various crypto topics.

15 Best Crypto Podcasts to Follow in 2024

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