Ethereum R1 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum

The S&P 500 rose 0.63% Thursday, boosted by strong Meta and Microsoft earnings, but futures slipped Friday as investors awaited the April jobs report and weighed Apple and Amazon tariff concerns. Gold fell to $3,235 as easing trade tensions cut safe-haven demand; markets await US jobs data for rate cut signals. The Coindesk Indices, which tracks the broader crypto market, rose 2.19%, with Bitcoin and Ether up 2.57% and 2.60%, 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 AR, which gained 16.8% following CloneX's successful migration to Arweave, sponsored by ArDrive.

Arweave (AR), founded in 2017, is a decentralized network for permanent data storage, using blockweave and Proof of Access to ensure long-term accessibility. It offers 200-year storage for a one-time fee, incentivized by AR tokens for miners. The system connects blocks efficiently to preserve and retrieve data, aiming to create a lasting digital knowledge repository. CloneX has successfully 

 to Arweave for permanent storage, with the support of ArDrive, which sponsored the migration of 100 GB of data. The process is nearly complete, with only Animus remaining to undergo decentralization.

Check out the latest prices, charts, and data of 

 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum. Built on open-source code and the Nethermind Surge stack, it emphasizes credible neutrality, public good funding (with all fees burned after 2030), and infrastructure that remains free from VC control or centralized dependencies.

Yesterday, BTC spot ETFs saw $71.1M in total inflows, with $16M from GBTC and $55.1M from other ETFs.

 $BOOP tokens to active Solana memecoin traders and creators who promote memecoins or Solana dapps on X. To claim, users must connect their Solana wallet or X account and launch a free token. The airdrop arrives in 30 days, but growing the token’s market cap can accelerate the reward.

Beginner

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Ethereum R1 offers a decentralized rollup solution for Ethereum

This article dives into Bitcoin liquid staking protocol Lombard Finance, how LBTC works and how you can stake LBTC through Bybit Web3.

Bitcoin stands as the undisputed giant of the cryptocurrency space, commanding the largest market capitalization. Yet, much of its potential remains untapped, often sitting idle as a store of value rather than actively participating in the thriving 

 ecosystem. Lombard Finance aims to change this narrative by unlocking Bitcoin's utility and integrating it seamlessly into DeFi.

Lombard is built upon Babylon, the innovative Bitcoin staking protocol, and is incubated by Polychain Capital. Lombard’s flagship product, 

 (LST) for BTC. This article explores what Lombard Finance is and how LBTC works, and describes the Lombard ecosystem and how you can stake LBTC through Bybit Web3.

 is a liquid staking protocol that focuses on transforming 

's role in the digital economy. Its core mission is to evolve BTC from simply being a store of value — also viewed as 

 — into a productive asset that actively generates yield and participates within DeFi. Currently, a significant portion of Bitcoin's

 sits idle, lacking the native staking capabilities or cross-chain composability seen with assets such as 

Lombard Finance addresses this shortcoming by building on top of 

, a protocol that supports BTC staking without needing 

 or custodians. Babylon allows Bitcoin's economic weight to secure other 

 (PoS) chains and applications, creating a new yield source for holders. Lombard leverages this foundation to offer LBTC, making staked BTC liquid and usable across the DeFi market.

Lombard’s goal is ambitious: to channel Bitcoin's vast liquidity into DeFi. This could potentially double the ecosystem's 

 (TVL) if even a fraction of available BTC is introduced. Lombard believes this integration will catalyze significant growth and create more sustainable market dynamics by making BTC a core, yield-bearing primitive within DeFi.

Founders and investors of Lombard Finance

Lombard Finance was founded in April 2024 by a team with deep expertise within DeFi, drawing talent from established crypto projects like Polychain, Babylon, Argent, Coinbase and Maple. This collective experience underpins the protocol's design and strategic direction.

The project was notably incubated by Polychain Capital, a prominent crypto investment firm that also led Lombard's $16 million seed funding round (which was 

 in July 2024). This round saw participation from a wide array of significant players in the crypto space — including Babylon, dao5, Franklin Templeton, Foresight Ventures, HTX Ventures, Mirana Ventures, Mantle EcoFund, Nomad Capital, OKX Ventures and Robot Ventures — thus highlighting broad industry confidence in Lombard's vision. Strategic partnerships and contributions from exchanges like

 and Bitget are further bolstering its distribution and liquidity aggregation efforts.

LBTC is Lombard Finance's flagship product — a liquid staking token (LST) that represents Bitcoin staked through the Babylon protocol. Designed as a universal liquid BTC standard, LBTC is fully backed 1:1 by native Bitcoin, ensuring its value is directly tied to the underlying asset.

The token is yield-bearing, capturing rewards generated from securing PoS networks via Babylon staking. Crucially, LBTC remains liquid, meaning holders can freely use it across various DeFi applications — such as 

 and automated vaults — without sacrificing their underlying staked positions or associated yield.

LBTC is also designed for cross-chain compatibility, natively minted on supported blockchains like Ethereum, Base and Sui and using secure infrastructure [such as 

]. This avoids the risks associated with traditional bridging or wrapping methods, thus aiming to provide a more secure and seamless way to utilize Bitcoin across the multichain DeFi ecosystem.

Lombard Finance simplifies the process of putting Bitcoin to work within DeFi through its LBTC token. The mechanism is designed with security and user experience in mind, leveraging the Babylon protocol and a robust Security Consortium.

The core benefit of LBTC lies in its ability to unlock multiple layers of value simultaneously. Holders earn native yield from Babylon staking, potentially accrue additional rewards (such as Lombard Lux points) and gain access to diverse DeFi yield opportunities, all while maintaining the liquidity of their Bitcoin position. This transforms BTC from a static asset into a dynamic, yield-generating component of the DeFi ecosystem.

Lombard Finance is actively building a wide LBTC ecosystem that already boasts over 75 DeFi integrations. Security is foundational, anchored by the 14-member Security Consortium (including prominent names like Galaxy and OKX Ventures) and validating all critical operations alongside audits and bug bounties.

Core infrastructure relies both on Babylon for staking, and on the Chainlink CCIP for secure cross-chain movement, with EigenLayer integration 

. LBTC integrates with leading DeFi applications across lending platforms (e.g., 

) and automated vaults. The platform supports multiple blockchains (including Ethereum, Base, Sui, BNB Chain) and 

 (L2s), positioning LBTC as a versatile cross-chain asset.

Here's how you can stake BTC on Lombard and use LBTC in DeFi and automated vaults.

Lombard Finance (via its LBTC token) offers a compelling way for Bitcoin holders to put their assets into use, earn yield via Babylon staking and gain exposure to the expansive DeFi ecosystem — all while maintaining liquidity. Incubated by Polychain Capital and supported by a robust consortium and growing partner network, Lombard is positioning LBTC as a secure and versatile liquid Bitcoin standard.

It’s easy to participate in the Lombard ecosystem through 

, you can utilize your Bybit Web3 Seed Phrase Wallet to stake BTC and mint 

, Lombard's vault token that represents deposits in automated yield strategies. This provides you with a seamless gateway to access Bitcoin liquid staking and DeFi yields.

Ready to unlock your Bitcoin's potential? 

Intermediate

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Lombard Finance: Polychain-backed Bitcoin liquid staking protocol

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. 

Altcoin season might have come with reviveding speculation 

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. This resurgence has sparked renewed interest among retail traders, shifting focus from Bitcoin to smaller, more speculative altcoins. The overall market saw a 10% increase in value during the final eight days of April, contrasting with Bitcoin's 7% gain. This trend indicates a growing appetite for risk among investors, particularly in meme coins, which have seen a surge in social media discussions.

However, caution is warranted as elevated crowd enthusiasm often precedes market corrections. Historical patterns suggest that when buzzwords like "altseason" are dominating discussions, it may signal an impending price exhaustion. The current market dynamics reflect a shift toward speculative investments, raising concerns about the sustainability of this enthusiasm.

Bitcoin's bullish sentiment substantially improves

Bitcoin's position as the leading cryptocurrency has remained steady, with discussions around its price fluctuating significantly. Following a period of pessimism, when predictions dipped as low as $10K–$69K, sentiment shifted dramatically with the price recovery. Now, optimistic projections of $100K–$159K are dominating conversations, indicating a reversal in trader sentiment.

Despite Bitcoin's consistent presence in market discussions (approximately 25% of asset topics), the ratio of bullish-to-bearish commentary has grown increasingly favorable. This suggests a growing confidence among traders bolstered by Bitcoin's recent performance. However, it’s essential to monitor whether this bullish sentiment translates into sustained investment, or if it leads to overconfidence that may trigger a market pullback.

Ethere, once a robust contender in the altcoin arena, has struggled to regain retail investor confidence despite recent bullish commentary and promises of innovation from co-founder Vitalik Buterin. Its social media presence has dwindled to about 6–7% of discussions, a significant drop from previous years. This decline highlights the challenges Ethereum faces in re-establishing itself as a go-to investment in a market increasingly dominated by speculative assets.

Conversely, XRP has seen a notable increase in optimism surrounding ETF approvals, with expectations rising to 85%. This shift reflects a broader trend of institutional interest in cryptocurrencies, potentially paving the way for significant capital inflows. Meanwhile, Dogecoin's potential ETF listings have sparked renewed interest, transforming its image from that of a meme coin to a legitimate investment option. The growing dialogue surrounding institutional adoption of Dogecoin and XRP indicates a pivotal moment for these assets, suggesting they may play critical roles in the evolving cryptocurrency landscape.

Advanced

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Bybit x Santiment social sentiment report: Altcoin sentiment recovers despite Bitcoin’s resilience

Bybit Spread Trading allows traders to simultaneously buy and sell two related instruments in order to hedge risk or profit from price discrepancies. Read more.

Whether markets are flying high or wobbling unpredictably, one thing remains true: traders are always looking for smarter ways to 

 and find profit opportunities. That’s where Bybit Spread Trading comes in. This feature is tailor-made for those who want to go beyond basic buy/sell plays and start taking advantage of price discrepancies between related instruments. In this guide, we’ll walk through exactly how Bybit Spread Trading works, why it matters and how you can start using it today, whether you’re 

is a newly launched Bybit feature that allows users to simultaneously buy and sell two related instruments — such as Spot, Perpetual or Expiry contracts with different settlement dates — in order to hedge risk or profit from price discrepancies.

This type of trading strategy is popular among institutional and professional traders because it enables more precise, controlled market exposure. However, with Bybit’s interface, the barrier to entry is significantly lowered, opening the door for individual traders to tap with just a few clicks into a powerful set of tools.

At its core, Spread Trading on Bybit is about executing what’s called a combo trade. This means entering two positions at once: one long, one short. These positions are taken on related instruments, such as a BTC Spot trade and a BTC Perpetual contract, with the idea that their prices will either converge or diverge in a way that benefits your position.

When you place a buy combo, you’re buying the instrument with the longer expiration (the “far leg”) and selling the one that expires sooner (the “near leg”). 

A sell combo is the reverse: selling the far leg and buying the near leg. The profit (or loss) comes from how the spread between these two instruments shifts over time.

For example, if you believe the spread between a Perpetual and a Quarterly Futures contract will widen, you can buy the combo. If the spread increases after your entry, that movement becomes your profit. Bybit calculates your 

 prices automatically, based on the mark prices and your defined “order price,” so there’s no need to manually crunch the numbers.

Perhaps the most important feature here is atomic execution. This ensures both sides of your combo trade are filled together, in equal quantities, or the trade doesn’t go through at all. It removes “leg risk,” which is the danger of getting filled on one side of the trade, but not the other. In volatile markets, that alone can save you from an unwanted mess.

Spread Trading on Bybit currently supports combinations such as Spot and Perpetual, Spot and Expiry, Perpetual and Expiry, or even two Expiry contracts with different dates. This flexibility lets you build strategies that align with different market outlooks — bullish, bearish or neutral.

There’s a strong reason why Spread Trading is a go-to for many experienced traders: it allows for strategic plays that are more sophisticated than just guessing price direction. On Bybit, it’s not only powerful, but also convenient.

First, you get price certainty. Your spread is locked in at the price you specify. There’s no 

 between legs because the entry prices are automatically calculated and matched. You’re trading the spread, not the individual legs.

Secondly, the trading experience is smoother. Instead of placing two separate orders and manually trying to sync them, Bybit handles everything as a single transaction. You don’t have to worry about whether one leg gets filled and the other doesn’t — that risk is eliminated through atomic execution.

Third, this setup is a great hedge against volatility. By taking opposing positions on two related contracts, you reduce exposure to sharp price movements. Your P&L becomes more about the relative performance between contracts, rather than the market direction itself.

There’s also a strong cost advantage. Trading spreads on Bybit is significantly cheaper than doing it manually. You pay only half the trading fees you’d incur if you placed two individual trades on the order book. For high-volume or 

, that translates to meaningful savings over time.

Finally, it unlocks strategy flexibility. Whether you're 

 funding rates between Spot and Perpetual, doing 

 with different Futures contracts or taking advantage of price convergence before expiry, this platform gives you the tools to execute those ideas efficiently.

How to get started with Bybit Spread Trading 

Now that you have a better understanding of how Bybit Spread Trading works, let’s look into how to get started. Please note that you’ll need to have a Bybit account in order to proceed. If you don’t already have one, please check out our 

 for more information on how to create a Bybit account.

: Log in to your Bybit account and hover your cursor over the 

: The available spreads are organized in a grid, with each tile representing a unique combo. Choose your preferred combo to trade.

Tiles with a border around them signify that Spread Trading offers a better price. Hover over a tile for more details, or use the bar at the bottom of the grid to explore more options.

On the order placement page, set up your order with the following parameters:

to place your order. A pop-up window will appear for you to confirm your order details. Then, click on 

Congratulations — you’ve successfully placed an order!

You can view your Spread Trading orders from any trading page (Spread Trading, Spot and Futures), as they all share the same order data.

 to view your active orders. You’ll be able to view the combo, underlying asset, order price and more. 

If you would like to adjust your order parameters, you may click on the pencil icon under 

. To cancel your order, simply click on the order’s corresponding 

to view your completed orders. To view each order’s information on each leg, click on the order’s corresponding 

button. For additional insights, click on 

Spread trading isn’t for everyone — but if you’re someone who enjoys strategic trading, hedging or arbitrage, it’s a tool worth adding to your arsenal. It appeals to traders who are less interested in taking a directional bet, and more focused on capitalizing on inefficiencies in the market.

You don’t have to be a pro trader to benefit, either. The simplified execution and intuitive UI mean even intermediate users can explore advanced strategies without being overwhelmed. As long as you understand how spreads work, and how your P&L is affected by their movement, you’re already halfway there.

More importantly, in times of market uncertainty or low volatility — when price action feels sluggish — spread trading gives you an alternative way to profit. It keeps you in the game — even when momentum plays aren’t cutting it.

Bybit Spread Trading is a powerful tool that combines simplicity with sophistication. Whether you're looking to hedge, save on fees or experiment with 

 strategies, it offers a clean and user-friendly way to do so. With lower risk, lower costs and plenty of flexibility, Bybit Spread Trading is a smart move for any trader looking to level up their game — especially when markets get messy.

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Bybit Spread Trading: Smart strategies for market swings

Bybit Learn

Crypto

Is Crypto Halal, or Haram? Learn the key factors Islamic scholars consider when determining whether cryptocurrencies like Bitcoin are permissible (halal) or forbidden (haram) for Muslim investors.

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Cryptocurrencies have emerged as a popular trading and value storage asset over the past decade, with interested investors across the globe, including in the Muslim world. Many predominantly Muslim countries, as well as those with significant Muslim minorities, now feature high rates of cryptocurrency ownership, with the United Arab Emirates (UAE) being the absolute 

 as of 2024. According to the same data, Turkey boasts the third-highest ownership rate, while Singapore, which has a sizable Muslim minority representing around 15% of its population, is in the second position. The UAE and Singapore have also emerged as leading cryptocurrency and 

Despite considerable interest in crypto in the Islamic world, there's still a large degree of uncertainty over its halal status, a key consideration for many Muslim investors. Some countries — for example, the UAE and Saudi Arabia — have issued warnings about the Shariah-compliant status of cryptocurrency and/or crypto trade. However, no country has banned crypto outright on these grounds. 

Adding to the confusion, many Islamic scholars have arrived at varying interpretations of the nature of cryptocurrency. Some scholars have opined that crypto is haram (not permissible for Muslims), while others have issued advisory notes broadly endorsing the majority of cryptocurrencies, including 

 (BTC). Due to this difference of opinions, and the absence of any single centralized ruling, many investors are uncertain whether crypto is halal — i.e., permissible for Muslims.

This article covers key points in the ongoing discussion to help you decide whether any cryptocurrencies can be considered halal assets.

 are digital assets issued and used on blockchains, decentralized networks on which the issuance, transfers and storage of these assets are protected through a cryptographic security mechanism. In a typical blockchain, many independent user nodes protect the operations and integrity of the network through a decentralized 

. This decentralized consensus, as well as independence from a central controlling entity, makes these networks and their cryptocurrencies a viable alternative to traditional banking systems.

The world's first (and still largest) cryptocurrency is Bitcoin, the native digital asset of the Bitcoin blockchain that was launched in 2009. A few years after its introduction, Bitcoin was being traded on platforms beyond its native network, such as 

 (DEXs) based on other blockchains. By now, thousands of cryptocurrencies are in existence, and these digital assets form an important asset class within the broader finance ecosystem.

On their native blockchain platforms, cryptocurrencies serve as assets for value transfer and storage, and also contribute to keeping their respective blockchains secure and functional so that these networks can operate in a decentralized way. All crypto operations on blockchains are publicly viewable, upholding the transparency ethos of blockchain technology. On CEXs and DEXs, cryptocurrencies can be used for value transfers and storage, as well as for trading to generate profit.

To define whether cryptocurrency is halal for Muslim investors, a firm understanding of Shariah and its specific subset, Islamic finance, are imperative. Shariah defines the overarching set of principles, regulations and laws that guide Muslims' personal, moral, ethical, legal and economic behavioral standards and obligations. Among the fundamental tenets of Shariah law are justice and fairness in all dealings, correct worship practices, good morals and behaviors that Muslims must follow, public and personal health and cleanliness standards, cooperation and solidarity among members of the society, and worship and societal transaction standards.

The last mentioned element of Shariah law — worship and transaction standards — includes a subset of rules and regulations dealing with financial transactions, practices and ethos. These laws and regulations form the body of the Islamic finance principles that Muslims must follow. Some of the fundamental principles of Islamic finance include the prohibition of interest (riba); excessive uncertainty (gharar); and gambling/speculation (maysir). In addition, there’s a proscription against activities that don't result in tangible value for the individual and society. Key principles also include transparency in dealings, and maintaining fairness and ethical standards in all transactions.

Many of the key characteristics of cryptocurrency align with the major principles of Islamic finance. This includes the absence of interest in crypto transactions, the use of cryptocurrency for secure value storage without speculation or excessive uncertainty, and the transparent nature of blockchain-based crypto operations.

Islamic Scholars’ Views on Cryptocurrency

Islamic scholars have not formed a unified view on whether cryptocurrency is either halal or haram. Some scholars or institutions consider it haram. For instance, Turkey's 

 that crypto is haram, due to its potential for speculative use (i.e., maysir). Another high-profile opinion on this matter came from the former Grand Mufti of Egypt, Dr. Shawki Allam, 

 crypto trading may be haram due to its unregulated nature and potential to be used for funding illicit activities.

However, many other Islamic scholars and institutions assessing the Shariah compliance of financial products take a more nuanced approach. For example, the Shariyah Review Bureau, a popular Shariah compliance consultancy that operates the 

 portal, assesses the halal status of each cryptocurrency individually based on its use cases and functions.

In general, the Bureau assigns the haram classification for lending and borrowing 

 (AXS) and meme coins with zero utility, such as Dogecoin (DOGE). For most other cryptocurrencies, including Bitcoin, it typically endorses the halal classification. The advantage of the Bureau's approach is in its detailed and selective nature of assessment. Instead of treating all crypto assets and platforms as one and the same, the Bureau examines the details of each asset.

Some scholars and institutions have largely endorsed crypto in general as halal. One of the U.K.'s leading Islamic law scholars, Mufti Abdul Qadir Barkatullah, has maintained that cryptocurrency is halal because it’s evolved into a widely accepted form of value exchange. This aligns with an earlier ruling specifying that if an asset has been widely accepted as a legitimate form of payment in society, it should be treated as halal.

Another leading Islamic scholar, Mufti Muhammad Abu Bakar, takes an in-depth look into cryptocurrency, Bitcoin and blockchain in general in his 

, concluding on the basis of his extensive review that cryptocurrency is halal.

So, Is Cryptocurrency Halal — or Haram?

How can Muslim investors make confident investment decisions concerning these digital assets in an environment of varying opinions on crypto's halal status? In general, it's recommended that prospective traders or investors take a selective approach and look at the features and functionality of each crypto asset and product they might consider. Cryptocurrencies and blockchains differ substantially in terms of their properties. Some, like the crypto tokens of DeFi platforms on which interest features prominently, aren't likely to be viewed as halal by anyone.

Many other crypto coins, however, aren't related to interest-generating solutions, and their transfers and storage involve no interest (riba), uncertainty (gharar) or speculation (maysir).

Some cryptocurrencies represent tokenized versions of 

 (RWAs). These are directly based on tangible assets that may exist beyond the crypto world, such as real estate, stocks and bonds. Depending upon their origin, these assets may align well with the principle of tangibility in Islamic finance, which stipulates that any economic activity should be based on real assets and the generation of real-world value.

When it comes to crypto trading — as opposed to the basic operations of transferring and storing funds — the halal status of cryptocurrencies might be less certain, depending upon the actual trading product used. The same asset (e.g., Bitcoin) might be used in crypto trading and investment products that involve no riba, and feature low probability of uncertainty or speculation. These products might qualify as halal. On the other hand, if the same crypto asset is used in an interest-bearing or highly volatile trading product, it's unlikely to be aligned with Islamic principles. As such, a decision often depends upon the precise product features, rather than the underlying cryptocurrency itself.

Bitcoin is by far the largest cryptocurrency by market capitalization, and typically features volatility levels that are significantly lower than those of most other crypto assets. Its high trading volumes and reputation as a secure value storage asset contribute to its lower volatility and, therefore, lower uncertainty than that of lower-cap cryptocurrencies.

Bitcoin also features the valuable utility of being used as a secure and private 

 (P2P) exchange asset. Moreover, Bitcoin is a 

 cryptocurrency, with a maximum supply limit of 21 million tokens. This characteristic is designed to avoid excessive supply inflation, and to reduce the likelihood of its devaluation. Such a deflationary feature arguably adds stability to Bitcoin, further enhancing its potential acceptance as a halal asset.

As a vehicle of value exchange and wealth storage with deflationary characteristics, Bitcoin itself — unless used in specific interest-bearing or highly volatile crypto products — might be deemed halal, a view that is shared by the assessment of the 

Other Notable Shariah-Compliant Cryptocurrencies

Ether (ETH) is the second-largest crypto by market cap behind Bitcoin. It's used to secure the operations of the 

 blockchain, and may be used for digital value transfers and storage, similar to the way the BTC coin is used on the Bitcoin blockchain. ETH provides tangible value as a secure wealth exchange and storage asset in a decentralized environment. As such, unless it's used in specific interest-bearing or highly volatile crypto trading products, ETH might qualify as a halal asset.

It should be noted that the Ethereum blockchain hosts a variety of 

 (DApps), many in the DeFi niche. Certain DeFi apps on Ethereum are actively involved in interest-bearing lending, borrowing and yield management operations. However, these DApps normally use their own crypto tokens — e.g., AAVE or COMP — for these operations, rather than the ETH token.

 cryptocurrency that maintains a tight peg to the U.S. dollar. While it ranks behind BTC and ETH, taking the third position in market cap rankings, USDT is the world's most traded crypto asset. Its stable peg to the greenback has largely been successfully maintained since Tether’s launch in 2014, which makes it a highly popular asset for crypto-to-fiat operations. The coin's near-perfect stability and backing by the world's most popular fiat asset makes it an RWA that is likely to be considered halal.

 blockchain, Ethereum's major competitor in the niche of DApp-capable blockchains. Solana aims to provide a platform for DApps that’s cheaper and faster than Ethereum. In general, SOL performs exactly the same functions on Solana as ETH does on Ethereum: digital value transfers, value storage and securing the network via its 

 (PoS) block validation mechanism. Similarly to BTC and ETH, SOL is likely to be considered a halal asset unless it’s used in specific interest-generating or highly speculative crypto products.

 is the native cryptocurrency of the decentralized public XRP Ledger. The token is used primarily to support B2B payments and settlements. As a cryptocurrency that enables efficient and secure digital currency payments in the business world, XRP provides real utility, arguably bolstering its viability as a halal asset.

 (POL) is an ecosystem of decentralized platforms and solutions that primarily provides cost-efficient and scalable ways to conduct crypto operations on the Ethereum blockchain. The ecosystem's native crypto asset, POL, is used to secure the functioning of these platforms through a decentralized consensus mechanism. It can also be used for secure digital asset transfers and storage. POL’s functions are largely similar to those of ETH and SOL within their respective environments, increasing the likelihood that POL is to be considered a halal asset.

The use of cryptocurrencies raises specific concerns from the perspective of Islamic finance. Many crypto trading activities involve excessive volatility, which may lead to uncertainty (gharar). There are also instances of crypto products supporting speculative activities that may qualify as being maysir.

Additionally, while most blockchains are publicly viewable (which contributes to better transparency), the actual identities of address holders remain anonymous. This might raise ethical concerns with regard to the legality and ethics of funds circulating on the blockchain. Some might also argue that the digital nature of cryptocurrencies could contradict the Islamic finance principle of all economic activity being based on tangible assets.

Despite these concerns, it's important to remember that cryptocurrency is designed simply for the secure storage and exchange of value while promoting the independence and decentralization of blockchain platforms. This in itself provides tangible value to the concept of cryptocurrency. Importantly, by default, crypto transactions involve no interest (riba), and they operate away from traditional banking systems in which riba is a heavily utilized mechanism.

As such, depending upon the actual trading or investment product involved, cryptocurrencies may selectively be considered to be assets aligned with core Islamic finance principles.

Since there's no central governing body that provides a definitive and all-inclusive fatwa (ruling) on cryptocurrencies' halal status, Muslim investors need to look into the specifics of each product and crypto asset they might consider. If the cryptocurrency or the product it's based on is free from riba, involves no excessive risk and isn't based on speculation, it might comply with Shariah principles. Additionally, Muslim investors might further consider specifically designed Shariah-compliant cryptocurrency products, such as 

, to ensure that they take advantage of crypto opportunities without violating the principles of Shariah.

Disclaimer: Due to varying opinions on Shariah compliance of crypto trading, we recommend you to conduct your own further research. Please note that the posts on Bybit Learn should not be considered as fatwa. Our aim is to present information on different topics to empower readers to make informed decisions.

Is Crypto Halal, or Haram? What Muslim Investors Need to Know

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