Tether has partnered with OCEAN mining pool to decentralize Bitcoin block-building.

Daily top performer — Render Network (RENDER)

The S&P 500 rose 0.79%, led by real estate, utilities, and staples, amid tariff exemption news. Earnings reports are now in focus for insights on tariff impact. Gold dipped 0.7% to $3,213.69 after hitting a record $3,245.42, as improved risk sentiment weighed. Goldman Sachs raised its 2025 forecast to $3,700, citing strong central bank demand and recession risks. The Coindesk Indices, which tracks the broader crypto market, are down by 0.77%, with Bitcoin and Ether up by 1.17% and 2.75%, 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 RENDER, up 4.03%, following THINK Agents' partnership with Render Network to enhance AI with decentralized compute.

Render Network (RENDER), launched in April 2020, is a decentralized platform on Solana that connects creators with idle GPU power for rendering and AI tasks, offering a cheaper, flexible alternative to traditional GPU services. THINK Agents has 

 with Render Network to leverage its decentralized GPU power, enabling more expressive and capable AI agents as part of building an intelligent internet.

Check out the latest prices, charts, and data of 

 with OCEAN mining pool to decentralize Bitcoin block-building. The stablecoin issuer will direct its Bitcoin hash rate to OCEAN’s pool, supporting the decentralization of the block-building process. OCEAN's DATUM protocol enables miners to build their own block templates, reducing reliance on centralized pools and enhancing censorship resistance. Tether’s Bitcoin mining operations are spread across countries like Uruguay, Paraguay, and El Salvador, where it has invested $500 million in Bitcoin mining. Although OCEAN currently mines a small percentage of Bitcoin blocks, Tether's partnership is expected to significantly boost its hashrate and contribute to decentralizing Bitcoin’s network.

Yesterday, Bitcoin spot ETFs saw $35.2M in outflows, all from non-GBTC funds, while GBTC had no flow.

 is now live as of April 15, with no action needed for existing users. New users can join by signing up and installing the browser extension to start earning points toward an airdrop.

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Tether teams up with OCEAN mining pool to promote decentralization of Bitcoin block-building

Leverage USDC across Bybit Spot, Derivatives, Options and DeFi integrations to balance risk, access liquidity and capitalize on passive income strategies.

 reflects the importance of these versatile assets in crypto investment, as they provide investors with a reliable option to counteract market volatility while maintaining liquidity. This guide focuses on USDC, one of the most trusted stablecoins, and describes how Bybit’s ecosystem enables investors to use USDC to expand their wealth through diverse products. From purchasing USDC using multiple methods to checking out innovative investment opportunities, this article details step-by-step insights and essential tips for using USDC to maximize your returns on Bybit. 

 is a cryptocurrency stablecoin that’s pegged to the US dollar at a 1:1 ratio and fully backed by cash and short-term US Treasury reserves. It’s issued by Circle and is widely used within payments, investments and DeFi.

Bybit makes it easy to buy USDC through multiple user-friendly options — whether you're after a quick purchase with fiat, or prefer a more hands-on approach with 

Bybit provides a wide range of investment opportunities to help you tap into the stability of USDC while exploring different trading and growth strategies. 

Bybit Spot trading involves buying and selling cryptocurrencies at the current market rate. For USDC holders, this can be a way to rebalance portfolios and take advantage of market opportunities.

 allow experienced traders who understand the complexities of 

 trading and derivatives to speculate on the future price of cryptocurrencies without actually owning the underlying asset. USDC is used as the settlement currency, providing liquidity while limiting exposure to volatility.

 provide strategic flexibility by offering the right, but not the obligation, to buy or sell an asset at a predetermined price.

 offers a low-risk investment avenue so you can earn interest on your USDC deposits. These products generally provide a fixed or flexible annual percentage yield (APY).

 (DeFi) with the reliability and user-friendly experience of centralized platforms. Using USDC in this framework allows investors to stake their holdings on-chain, and to earn rewards directly from blockchain protocols.

 on Bybit enables investors to supply USDC to 

 and earn rewards in return. This process is essential for maintaining market fluidity and, in return, offers attractive yields based on transaction fees and incentive programs.

 allow you to leverage your USDC holdings to access additional capital, enabling you to invest further without liquidating your assets. This can be particularly beneficial if you have a long-term bullish view on the crypto market, but require liquidity for other investments.

USDC is a key stablecoin that plays a pivotal role in modern crypto investment strategies. Bybit’s wide range of USDC-based products spans spot trading, derivatives, options, savings, on-chain earn, liquidity mining and crypto loans, providing investors with a versatile tool kit to navigate risk and build wealth. With top-notch security measures and a wealth of educational resources, Bybit helps users make calculated plays and adapt their strategies in the ever-volatile crypto market.

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A guide to growing your wealth with USDC on Bybit

USDC is a regulated and USD-backed stablecoin that ensures price stability and transparency, making it an ideal choice for everyday transactions. Learn more.

Stablecoins are changing the digital transactions space, with USDC leading the charge. A recent 

 by an impressive 78% year-over-year shows their growing popularity and the increasing clarity surrounding their regulation. 

This article describes USDC in detail, and explains how you can easily acquire it on Bybit and the many ways to use it for regular payments — from 

 to seamless wallet transfers, payment gateways, gift cards and exciting features like the 

 that’s pegged 1:1 to the US dollar and fully backed by reserve assets comprising cash and cash equivalents. Issued by Circle, USDC ensures price stability and transparency, making it widely available for use in digital transactions, cross-border payments, trading and 

Bybit is one of the top cryptocurrency exchanges, well-regarded for its easy-to-use interface, powerful trading tools and strong security measures. It offers multiple ways to buy USDC to suit different user preferences, such as 

. Among these, P2P Trading and One-Click Buy are the most popular, due to their ease and flexibility. Below, we describe how each method works.

USDC offers both retail and institutional users a reliable means for transactions. Retail users often use USDC for daily spending and as a stable asset to manage crypto market volatility, frequently buying and spending USDC through exchanges, P2P trading and crypto debit cards, making it easy to use USDC stablecoin just like cash.

In contrast, institutions typically leverage USDC for large-scale payments, 

 against market swings and liquidity management. Because they’re dealing with higher volumes, they typically prefer over-the-counter (OTC) trades or advanced trading platforms that help reduce market impact and slippage. 

If you’re using Bybit, there are several ways to pay with USDC.

Crypto debit cards enable users to spend cryptocurrencies like USDC at traditional merchants by converting crypto holdings into fiat currency at the point of sale. These cards are typically linked to a crypto wallet or exchange account, facilitating smoother transactions. For instance, the 

, a Mastercard debit card, allows users to spend their cryptocurrency holdings, including USDC, at any merchant that accepts Mastercard. Both the virtual and physical Bybit Card support online and in-store purchases. Here’s how to obtain and use one:

Direct wallet-to-wallet transfers enable users to send USDC to others seamlessly and quickly.

If you're using Bybit, sending USDC with wallet transfer is simple.

Make sure you select the correct network (i.e., ERC-20) to avoid extra fees or failed transfers.

Crypto payment gateways are platforms that let merchants accept payments in cryptocurrencies such as USDC. Some popular ones include Coinbase Commerce, NOWPayments, BitPay and Binance Pay. These gateways function like traditional payment processors, but are designed for digital currencies. Here’s how to pay with USDC using the gateways.

If you’re a verified user in Brazil, you can also use 

Crypto gift cards are digital vouchers that you buy with USDC and use for products, services or even more crypto. They let you spend or gift crypto without converting it to fiat currency.

 is a feature exclusively on the Bybit mobile app that lets users share crypto assets through giveaways. While it’s not a payment method, it’s a fun way to claim rewards via QR codes or passcodes, helping to promote community engagement within the Bybit ecosystem. Here’s how to create a Giveaway on Bybit:

USDC is pegged 1:1 to the US dollar, offering a reliable digital payment method. It combines the stability of fiat currency with the advantages of digital assets to provide several advantages for both businesses and individuals.

USDC maintains a stable value because it’s fully backed by US dollar reserves held in regulated financial institutions. Regular audits and public disclosures ensure transparency, making USDC a trustworthy medium for transactions.

USDC transactions are processed rapidly, often settling within seconds. This swift processing enhances cash flow management and provides immediate access to funds, which is crucial for both businesses and individuals. 

Transactions using USDC often incur lower fees compared to transactions within traditional payment systems. This cost-efficiency is particularly beneficial for businesses handling high volumes of transactions or operating internationally. 

USDC is a well regulated and efficient digital payment solution that’s ideal for both individuals and institutions. With its stable value, low fees and fast transfers, it offers clear advantages over traditional payment methods and numerous cryptocurrencies. USDC enhances the user experience through crypto debit cards, wallet transfers and payment gateways, making transactions seamless and accessible. It serves as a reliable bridge between traditional currencies and the world of decentralized finance.

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How to use USDC for everyday payments

The Wyoming Stable Token (WYST) is a state-backed digital currency designed to maintain a stable value by being pegged to the US dollar. Learn more here.

Did you know that Wyoming has long been at the forefront of cryptocurrency innovation? As a pioneer in the space, Wyoming has been earning its reputation as a blockchain-friendly state by aggressively enacting 

. As such, the introduction of the Wyoming stablecoin (WYST) marks another milestone in this journey, positioning the state as a leader in the adoption of digital assets.

Curious about what exactly WYST is and why it’s significant? In this article, we’ll explore everything you need to know about Wyoming’s state-backed stablecoin, how it works and its potential impact on the global financial landscape.

The Wyoming Stable Token (WYST) is a state-backed digital currency designed to maintain a stable value by being pegged to the US dollar. 

 like WYST aim to provide price stability, making them ideal for everyday transactions and financial applications.

What sets WYST apart is its backing by the state of Wyoming. This makes it the first state-issued stablecoin in the United States, a groundbreaking initiative that combines blockchain technology with government oversight. All in all, WYST is designed to serve as a secure, transparent and efficient medium of exchange while promoting financial inclusion and innovation.

Why is Wyoming launching and backing a fiat-backed stablecoin?

Wyoming has been a pioneer in crypto-friendly legislation, passing over 30 blockchain-related laws since 2018. Thus, the launch of WYST aligns with the state’s broader overall strategy to position itself as a hub for digital asset innovation. By creating a state-backed stablecoin, Wyoming leverages blockchain technology to enhance financial services and attract investment.

Contrary to popular belief, there are more benefits to launching a large-scale crypto project than just making the headlines of crypto news outlets. According to the 

, the primary goal of WYST is to provide a reliable digital currency that can be used for everyday transactions while fostering economic growth within the state. Some key benefits are as follows:

WYST operates on a public blockchain, ensuring an unprecedented level of transparency and security for a state-backed financial instrument. 

 allows every transaction involving WYST to be recorded on an immutable distributed ledger, making it auditable and tamper-resistant. This feature is particularly significant in fostering trust among users, as they can independently verify the movement of funds without relying on centralized authorities. 

Unlike traditional financial systems in which transaction records are often opaque and subject to delays, WYST's blockchain-based infrastructure ensures real-time settlement and visibility.

The stablecoin is fully backed by US dollars held in reserve by the state of Wyoming, adhering to a strict 1:1 backing model. This means that for every WYST token issued, an equivalent amount in fiat currency is securely stored in reserve accounts. These reserves are managed under the oversight of the Wyoming Stable Token Commission, ensuring compliance with statutory requirements and safeguarding token holders' interests. 

This model eliminates the volatility commonly associated with cryptocurrencies like Bitcoin or Ethereum, making WYST a reliable medium of exchange and store of value.

LayerZero: Official WYST token issuance partner

, a leading interoperability protocol, to serve as the token issuance and distribution partner for WYST. 

 (OFT) standard enables seamless cross-chain functionality, allowing WYST to operate across multiple blockchains, such as Ethereum, Solana, Avalanche and other popular 

. This partnership enhances WYST’s interoperability while reducing reliance on centralized 

, which are often vulnerable to security risks. 

LayerZero’s involvement ensures that WYST is built on a secure and scalable infrastructure, setting a high standard for state-backed digital assets

The reserves backing WYST aren’t merely idle funds. Rather, they’re strategically invested in low-risk assets, such as US Treasury bonds and repurchase agreements (repos). This approach ensures that the stablecoin’s reserves remain highly liquid while also generating interest income. The Wyoming Stable Token Act mandates that these assets must exceed the total number of tokens issued by at least 2%, creating an overcollateralization buffer to further enhance stability and public trust. 

The legislation also stipulates specific guidelines for asset maturity, whereby treasuries cannot exceed 365 days, while repos are limited to 30 days. This minimizes overall reserve risk exposure to market fluctuations. The interest generated from these investments is funneled into Wyoming’s school foundation fund, directly benefiting public services such as education and infrastructure development. This innovative financial model transforms WYST from a mere transaction tool into a mechanism for societal advancement. 

By using income from reserves to support the public interest, Wyoming demonstrates how blockchain technology can be harnessed to create tangible benefits for the state’s residents.

Moreover, this reserve management strategy avoids reliance on taxpayer funds. Instead, Wyoming leverages its existing $31 billion investment portfolio to back WYST without introducing new taxes or financial burdens on its citizens. This fiscal prudence not only strengthens the economic viability of the WYST stablecoin, but also positions it as a model for other states considering similar initiatives.

By combining overcollateralization with prudent asset management, WYST ensures liquidity and stability while contributing to the public good. Such an innovative, pioneering approach could provide a template for other government entities in the blockchain space, redefining what it means for governments to interact globally with digital assets.

WYST leverages blockchain technology to provide transparency and immutability. Every transaction is recorded on a public ledger, ensuring accountability and transparency for all.

Unlike traditional stablecoins, WYST’s reserves generate interest that can be reinvested into public services, such as education and infrastructure.

WYST employs advanced security measures such as 

 to protect user data while maintaining transparency.

As a state-backed currency, WYST aims to be accessible to all residents of Wyoming, while also being available for global use.

While WYST is primarily designed for use within Wyoming, its potential extends far beyond state borders. The stablecoin could play a significant role in the following:

By being positioned as a globally viable stablecoin, WYST could attract international users and investors, further solidifying Wyoming’s leadership in the crypto space.

If you’re interested in stablecoins, you might be wondering what WYST has in common with other competing stablecoins in the market. Following are some factors to consider.

, WYST is pegged to the US dollar, and operates on blockchain technology. All three stablecoins aim to provide stability and transparency in conducting digital transactions.

What sets WYST apart is its state backing and focus on public benefit. Unlike private stablecoins issued by corporations, WYST’s reserves are managed by the Wyoming state government, ensuring greater accountability and trust.

Wyoming’s permissive crypto laws have been instrumental in making WYST possible. The state has established clear guidelines for digital assets, providing legal certainty for businesses and individuals alike.

At the federal level, discussions around stablecoin regulation are ongoing. While this creates some uncertainty, Wyoming’s proactive approach positions it as a leader in navigating potential legislative challenges.

Despite its promise, WYST faces several challenges:

Addressing these challenges will be crucial for the success of WYST and its mainstream adoption in the long run.

Looking ahead, Wyoming has ambitious plans for WYST. The state envisions it as part of a broader ecosystem of digital assets that could include tokenized real estate, decentralized identity solutions and more. By embracing blockchain technology today, Wyoming aims to set an example as the gold standard for other states and governing bodies to follow down the line, when crypto and blockchain technology gain increased mainstream adoption.

The Wyoming stable token WYST represents a bold step forward in the integration of blockchain technology into mainstream finance. By combining the stability of fiat currency with the transparency of blockchain, WYST has the potential to revolutionize the way we think about money and payments. 

Whether you’re a beginner exploring crypto or an experienced trader looking for innovative opportunities, WYST is worth keeping an eye on, as it paves the way for future advancements in digital finance and adoption of stablecoins among regulating bodies.

Intermediate

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Wyoming Stable Token (WYST): A state's vision for digital currency

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Bybit has launched an Islamic Account designed for Shariah-compliant crypto trading, responding to the rising demand for Islamic finance solutions in the cryptocurrency market. 

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Daily Top Performer — Sei Network (SEI)

The SPX index was up by 0.25%, driven by strong performance in semiconductor stocks such as Nvidia and Taiwan Semiconductor. Investors are now focusing on upcoming economic data, including home sales and jobless claims, along with the anticipated PCE report and Q3 earnings season. Coindesk Indices, an index measuring broader cryptocurrency market performance was  up by 2.58%, with Bitcoin rising by 1.57% and Ether dropping by 0.42%, in the past 24 hours.

Today's top performer is SEI, which surged 23.4% following the launch of yield-generating LSTs and new incentives in ETH pools by Sei Network.

Sei Network, founded in 2022, is a Layer 1 blockchain ecosystem on Ethereum, designed to enhance trading with lightning-fast speeds. Its features, like parallelization and automatic order bundling, enable rapid transaction finality. 

, Seiyan ETH and Super Seiyan ETH, in collaboration with Nucleus and Dinero. Incentives are now live, allowing holders to earn rewards like $DINERO and $iSEI by providing liquidity. Additionally, Jellyverse has launched new ETH pools to enhance the Sei ecosystem. Users are encouraged to participate for potential earnings.

Check Out the Latest Prices, Charts, and Data of 

, responding to the rising demand for Islamic finance solutions in the cryptocurrency market. The account, which was introduced on September 24, 2024, allows Muslim traders to engage in spot trading for 75 cryptocurrencies and utilize trading bots like DCA and Spot Grid Bot. Certified by ZICO Shariah and CryptoHalal, the account ensures compliance with Islamic finance standards. Bybit aims to cater to the $2.3 trillion Islamic finance sector and promote inclusivity in crypto trading. Additionally, Bybit has received provisional approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to expand its services in the region.

Yesterday, in the BTC Spot ETF data, total inflows amounted to $37.1 million, with $0 million from GBTC and $37.1 million from non-GBTC sources.

 is now open until October 18, 2024. To participate, users must register their EVM wallet via the WalletConnect option to ensure accurate tracking of past activity. Developers and GitHub users can link their accounts for potential additional token rewards. The airdrop allocation will be based on a wallet score, considering factors like previous connections and on-chain activity. A snapshot for the airdrop was taken on September 12, 2024, with eligibility checks scheduled for November 2024.

Bybit Launches Shariah-Compliant Islamic Account for Muslim Crypto Traders

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards