Learn more about TOKYO BEAST, the web3 game developed by Japan’s leading mobile game company, and how to participate in the TOKYO BEAST Bybit Web3 airdrop event.

Blockchain gaming has come a long way since its early days of point-and-click, browser-based games. The current generation of web3 games delivers experiences on par with traditional gaming in both gameplay and narrative, offering players a genuine alternative to Web 2.0 games. 

 is a web3 game developed by Japan’s leading mobile game company. The blockchain-based game is set in 2124, a time when Androids with free will, known as “Replicants,” have become commonplace. They support the very foundation of the social economy, and humans often live comfortably as owners of these Replicants. Among these replicants are the “BEASTs,” conscious robots who have risen to prominence through participation in the high-stakes “XENO-karate” tournament. 

As the game progresses, individual motivations come to light, as questions like “What are the ambitions of the BEASTs?” and “What is the untold story behind their creation?” are explored in this complex and intricate game. 

 is centered around strategic team composition and automated battles. Players assemble teams of four BEAST androids. The key to success lies in the thoughtful combination of the unique abilities of thousands of different BEAST types. This is further enhanced by “Mods,” which are in-game items used to boost the BEASTs' statistics. 

 feature allows players to actively participate alongside their chosen proxy BEASTs, climbing the ranks of the Xeno-karate circuit in order to become legendary champions. BEAST NFTs represent the primary form of digital ownership within the 

A distinctive gene-shuffle breeding system empowers NFT holders to create entirely new BEASTs, so that they may inherit unique traits and characteristics. This breeding mechanism brings strategic elements to the game, and contributes to the potential appreciation in value and rarity of the BEAST NFTs. 

To cater to both Web 2.0 and web3 audiences, the 

 ecosystem is structured around two core components: 

. BASE offers a web3-centric experience focused on investment and economic activities, utilizing the project's native TBZ token. TRIALS provides a more traditional Web 2.0-like gameplay experience in which players can purchase in-game currency (Jewels), engage in gacha to acquire BEASTs and Mods and participate in various battles or missions. 

This dual structure allows players to engage at their own comfort level, making it easier for Web 2.0 users to explore the crypto aspects of the game at their own pace.

How to participate in the TOKYO BEAST airdrop on Bybit

 with a reward of 625,000 TGT tokens! The event is currently ongoing, and will end on Mar 25, 2025, 7AM UTC. 

This event is designed to introduce new players to the game and encourage them to interact with 

 accounts. To participate in this competition, a user needs to complete the following tasks.

5. Retweet and like TOKYO BEAST posts on X

7. Trade any assets worth 5 USDT or more on BSC chain in Dex Pro.

New to Bybit Web3 DEX Pro? Bybit has published a handy guide to help you get started on the platform. You can access it 

That’s it! You now have the chance to win a share of 625,000 TGT tokens. Please note that wallet addresses with a zero balance are not eligible for the airdrop. Airdrop distribution will take place within one month after the event has ended.

 is one of the most anticipated web3 games of this current season. Bybit’s partnership with this game provides Bybit users with an easy way to participate in this upcoming project and win rewards. 

Beginner

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What is TOKYO BEAST — and how to complete tasks for the airdrop

Lens, now live on mainnet, offers a complete platform for building SocialFi apps with fast, scalable transactions and low-cost fees using the GHO stablecoin.

Daily top performer — Nillion Network (NIL)

The S&P 500 futures fell 4%, extending last week’s 9.1% drop, as tariff tensions and global retaliation rattled markets. Gold slips to $2,985 as investors raise cash amid a stock selloff, but safe-haven demand may limit further downside. CoinDesk Indices, which tracks the broader crypto market, dropped 8.72% in the past 24 hours, Bitcoin rose 0.10%, while Ether dropped 0.29%. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is NIL, up 6.0%, following the launch of Nillion's Secret Vault, which empowers secure AI collaboration for sensitive data.

Nillion (NIL), founded in 2021, enables secure, decentralized data processing using cryptographic methods like blind computation, protecting privacy without exposing raw data—ideal for AI, DeFi, and healthcare. Nillion has 

 its Secret Vault, enabling AI agents to securely store and access sensitive data using natural language. This integration allows agents to collaborate on tasks like medical diagnoses while ensuring privacy and confidentiality, making it ideal for sectors such as healthcare and finance.

Check out the latest prices, charts, and data of 

 on mainnet, offers a complete platform for building SocialFi apps with fast, scalable transactions and low-cost fees using the GHO stablecoin. It provides pre-built social primitives like accounts, feeds, and groups, along with Grove, a user-controlled, on-chain storage solution. The Developer Dashboard simplifies app creation, user onboarding, and integration, even without coding expertise. Lens supports a range of use cases, from social networks to DeFi applications, with built-in distribution, customizable features, and seamless integrations with DeFi tools like Uniswap and Chainlink. It emphasizes user-owned data and provides robust developer support for faster app launches.

BTC spot ETFs saw a net outflow of $190.2M for the week ending April 4, 2025, driven by $95.5M from GBTC and $94.7M from other ETFs. Despite the weekly loss, cumulative flows since inception remain positive at $36.2B, with $58.8B into non-GBTC ETFs offsetting $22.6B in GBTC outflows.

 for its DePIN project, aiming to improve on-demand physical goods production with decentralized technology. The network recently partnered with Sui and uses Walrus for decentralized storage. The 3DOS Points Program is live, allowing users to run a node for free and earn points, potentially leading to an airdrop. To participate, users need to register, verify their email, and connect to the network using a browser extension. Additional points can be earned through limited-time tasks.

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Lens launches mainnet with complete platform for building scalable socialfi apps

In this step-by-step guide, we dive into how overseas Chinese users can register and trade on Bybit, one of the leading cryptocurrency exchange with a fully localized interface.

Bybit is a top-tier cryptocurrency exchange with a fully localized interface. Users can easily navigate the platform and access a variety of trading options, including spot trading, 

 of up to 100x. The platform offers a user-friendly experience with streamlined order execution and robust risk management tools. We provide clear step-by-step guides, so even those who are just beginning their crypto investment journeys can trade with confidence and efficiency.

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 65 million users globally. Retail traders choose Bybit for its seamless and intuitive trading experience, while institutional clients rely on its deep liquidity and robust security framework. Recognized for its user-friendly interface, advanced trading features, and strong security measures, Bybit is a trusted platform for trading cryptocurrencies, gold, forex, and other commodities.

Chinese users residing outside mainland China can sign up on Bybit using their mainland Chinese ID or passport. It is important to note that Bybit does not permit trading in the Chinese yuan (CNY).

: Register using an email address or phone number. After registering, complete the identity verification process by providing the required identification documents. Once it is done, you will be prompted to fund your account.

Bybit offers multiple methods to fund your account:

Bybit's platform is fully localized for overseas mandarin users, offering a seamless trading experience.

Exploring other features for overseas Chinese users

Exciting events for overseas Chinese users

Bybit is committed to engaging with our users through a variety of innovative and rewarding events. One event that just ended is the 

, where participants earned points by completing a range of activities — from trading challenges to educational quizzes. These points could be redeemed for attractive prizes, including cash rewards and luxury items, such as a Mercedes-Maybach car. Look out for our next event in Q2 2025 for more exciting rewards.

 tailored to overseas Chinese users, offering exciting rewards to boost their trading experience.

Bybit offers a robust, secure and user-friendly trading platform to meet the unique needs of overseas Chinese users. Our fully localized interface, combined with a diverse range of trading options — from spot and derivatives trading to staking and savings — help our users participate with confidence in the crypto market. 

Moreover, our exciting events — such as our Mandarin livestreams and Fortune Rewards Festival — also enhance the overall trading experience by rewarding active participation. We remain dedicated to supporting our community through continual innovation and educational initiatives so that our platform evolves alongside global crypto trends. 

 so you can explore Bybit’s extensive features and join our upcoming events to elevate your trading journey.

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How to trade on Bybit for overseas Chinese users

While stablecoins and cryptocurrencies both utilize blockchain technology, their fundamental purposes and characteristics significantly diverge. Learn more.

Volatility is the one thing that traders both fear and adore. If you’re somewhat familiar with the crypto market, you’ll know that 

 can be a double-edged sword in the arena that is crypto trading. From dizzying highs to staggering lows, gains and losses can be made in an instant, thanks to the inherent volatility within the crypto space. Fortunately, digital assets such as 

 aim to mitigate this risk by providing a more dependable alternative within the crypto trading ecosystem.

 are, and that they’re typically used as a means to facilitate crypto trading, there’s certainly more than meets the eye with this type of pegged asset. From their unique role in decentralized finance (

) protocols to their place in the ever-changing regulatory landscape, this article will explore how stablecoins compare to other cryptocurrencies — and what awaits them in the future.

Stablecoins are digital assets designed to maintain a stable value by being pegged to an underlying asset, such as a fiat currency, commodity or basket of cryptocurrencies. 

Unlike traditional cryptocurrencies, which are generally volatile, stablecoins aim to provide price stability. This makes them particularly useful for facilitating trades, payments and remittances, and as a store of value during market fluctuations.

The stability of stablecoins also bridges the gap between traditional finance (TradFi) and 

. For example, sending money internationally using a stablecoin such as 

 avoids costly bank wiring fees and administrative delays associated with banks.

The mechanisms of each stablecoin peg vary depending upon their type.

Stablecoins thus offer a reliable medium of exchange in the volatile crypto market, making them increasingly popular among businesses and individuals alike.

In their broadest definition, cryptocurrencies are decentralized digital assets that use cryptography for security and operate on blockchain technology. 

Unlike stablecoins, cryptocurrencies derive their value from market dynamics, rather than being tied to an external asset. With the end goal of eliminating intermediaries such as banks, cryptocurrencies allow users to transact directly with one another in a 

 (P2P) fashion. This decentralization is a core principle of cryptocurrencies, one of many values that aim to empower crypto users with greater financial autonomy and control.

Popular cryptocurrency projects and their use cases

Some of the most well-known coins and tokens include the following.

These cryptocurrencies have diverse use cases, ranging from investment opportunities to powering blockchain ecosystems.

Unlike traditional stocks and equity, cryptocurrencies lack an external anchor for their value. Their prices fluctuate based on the factors listed below.

While this volatility presents risks, it also offers significant growth potential for investors willing to navigate these fluctuations strategically.

Stablecoins vs. cryptocurrencies: similarities and differences

You might be wondering why we’re comparing these two seemingly different asset classes. One is a bastion of price stability and certainty, while the other is primarily associated with volatility and speculation. While they both exist within the realm of digital assets and utilize blockchain technology, their fundamental purposes and characteristics diverge significantly. However, they also share certain commonalities that warrant a closer examination.

Shared characteristics between stablecoins and cryptocurrencies

At their core, both stablecoins and cryptocurrencies share foundational traits.

Stablecoins and cryptocurrencies both exist as digital assets, meaning they’re represented electronically and rely on digital infrastructure. This shared digital nature allows for fast, borderless transactions and integration with online platforms.

A significant portion of stablecoins and cryptocurrencies utilize blockchain technology. This shared foundation provides transparency, security and immutability.

While their degree of decentralization varies, stablecoins and cryptocurrencies can operate on decentralized networks. Cryptocurrencies such as Bitcoin are designed to be highly decentralized, with no central authority. Some stablecoins (like Dai) also strive for increased decentralization. However, many fiat-backed stablecoins are more centralized in nature.

Stablecoins and cryptocurrencies both have the potential to facilitate cross-border transactions without the need for traditional intermediaries such as banks. This can result in faster, cheaper and more accessible international payments, particularly for individuals and businesses in regions with limited access to traditional financial services.

Both stablecoins and cryptocurrencies play crucial roles in DeFi. They’re used for lending, borrowing, trading and providing liquidity on DeFi platforms, enabling users to access financial services without relying on traditional institutions.

Stablecoins and cryptocurrencies both utilize cryptographic techniques to secure transactions and ensure the integrity of their networks. Cryptography protects against unauthorized access, 

Ultimately, these shared features make both asset types attractive to individuals seeking financial independence from centralized institutions.

Key differences between stablecoins and cryptocurrencies

The primary distinctions between these two digital assets lie in their value mechanisms, functionality and overall adoption.

Stablecoins are specifically designed to maintain a stable value, usually by being pegged 1:1 to a fiat currency like the US dollar. This inherent stability makes them suitable for predictable transactions and as a temporary store of value. In contrast, other cryptocurrencies are typically characterized by high price volatility, driven by speculation, open market supply and demand and broader economic news. This volatility presents opportunities for profit, but carries substantial risk.

The primary roles of stablecoins are to serve as a stable medium of exchange within the digital asset ecosystem, act as a 

 against the volatility of other assets and facilitate trading and/or DeFi activities. Conventional cryptocurrencies often serve a wider range of purposes, including speculative investment, potential long-term store of value (like Bitcoin) or as the native token to power DApps and networks.

A fundamental difference between stablecoins and cryptocurrencies lies in determining how their values are maintained. Stablecoins rely on mechanisms like holding equivalent reserves of the pegged asset, or using algorithms to control supply and demand to sustain their link. Conversely, the values of other cryptocurrencies are generally determined by dynamic market forces, without a direct peg to external real-world assets.

Stablecoins are facing intense and increasing regulatory scrutiny worldwide, as exemplified by frameworks like the 

, now in effect, and ongoing discussions in the US, such as those potentially related to proposals like the previously discussed 

 (GENIUS) Act. Regulatory focus is primarily on reserve adequacy, issuer responsibilities and potential systemic risks. The regulatory landscape for other cryptocurrencies is more varied and fragmented across jurisdictions, leading to a complex global patchwork that continues to evolve.

Due to their design, stablecoins generally have lower volatility risk as compared to other digital assets. However, they carry distinct risks related to the reliability of their pegs, the solvency and transparency of the issuers and evolving regulations. On the flip side, cryptocurrencies carry high market risk due to their inherent price volatility.

By understanding these similarities and differences, individuals can make informed decisions about how to utilize these digital assets within their trading strategies.

When deciding between stablecoins and cryptocurrencies, there is no definitive answer as to which is better. Each serves a unique purpose, and their suitability depends upon your financial goals, 

 and intended use. To make an informed decision, it’s essential to weigh the trade-offs between stability and growth potential in order to gauge which works best for your long-term trading and/or investing objectives.

Evaluating stability vs. growth potential

Stablecoins and cryptocurrencies occupy opposite ends of the risk spectrum. Stablecoins are designed to minimize volatility, making them ideal for individuals or businesses seeking predictability in value. Their price stability makes them particularly useful for payments, remittances and storing value during turbulent market conditions.

On the other hand, cryptocurrencies like Bitcoin or Ether are inherently volatile, but offer significant opportunities for capital appreciation. Their value fluctuates based on market demand, investor sentiment and technological developments. For those willing to embrace risk in pursuit of higher returns, cryptocurrencies may be the preferred choice.

Ultimately, the decision hinges on your personal objectives and deciding whether you’re actively trading or focused on a long-term portfolio.

The future of stablecoins and their expanding role in finance

Stablecoins are increasingly seen as a crucial component bridging traditional financial systems and the burgeoning digital asset ecosystem. Their core function is to maintain a stable value, typically by pegging to reserve assets like fiat currencies or commodities. Considering that they’re expected to play a pivotal role in transforming global financial systems by merging the efficiency of digital currencies with the reliability of fiat money, here are some ways they may influence global finance.

Stablecoins and cryptocurrencies represent two sides of the same coin (no pun intended) within the digital asset ecosystem. While stablecoins offer reliability through price stability, cryptocurrencies provide opportunities for innovation and growth. Understanding these differences is essential for navigating the crypto space effectively.

As blockchain technology advances and global adoption grows, these two asset types will play complementary roles in reshaping finance. Whether you seek stability or growth potential, there’s no doubt that crypto is driving us toward a more inclusive financial future.

Intermediate

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Stablecoin vs. crypto: Balancing stability with growth potential

Investing

A crypto hedge fund is hedge fund that invests in cryptocurrencies and crypto-based products that promises high returns, but not without equally high risks.

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In late June 2022, one of the biggest crypto hedge fund managers, Three Arrows Capital (3AC), 

. The firm, whose fund products had significant exposure to Bitcoin (BTC) and other cryptocurrencies, became one of the most prominent victims of the ongoing crypto market slump.

3AC’s failure has brought the concept of currency-based hedge funds to the fore of investment folk’s attention. The fund’s failure has highlighted the issues of risk and safety when using this type of investment vehicle. In this article, we’ll cover the topic of cryptocurrency hedge funds and discuss the risks, pros and cons, and regulations involved in using these products.

A hedge fund is a financial vehicle in which money from multiple individual and institutional investors is pooled and invested in a variety of assets — stocks, bonds, commodities, foreign currencies, cryptocurrencies, derivatives and more – with the goal of maximizing returns. The pooled funds are managed by professional fund managers at the investment firm which offers the product.

Originally, hedge funds were focused on managing investments to 

 hence the name. However, over the years, these funds have grown increasingly more aggressive, with high-risk/high-return strategies favored by fund managers. Today, hedge funds are characterized by a higher risk profile than the other popular types of funds — 

As you might have guessed, a crypto hedge fund is a type of hedge fund that invests in cryptocurrencies and crypto-based products. Some of these funds may invest exclusively in crypto and digital assets, while others combine cryptocurrency investments with traditional asset types — stocks, commodities, derivatives and more.

In 2021, there were approximately 300 crypto hedge funds, with the 

, more than double the AuM in the past year, which reached around $23.4 million.

Compared to traditional hedge funds, crypto hedge funds might be subject to somewhat less regulation, depending upon the composition of the overall investment portfolio, as detailed in the regulations section further in this article.

Crypto hedge funds invest in a variety of cryptocurrencies, crypto-based derivative products, blockchain ventures, and other assets related to the crypto/blockchain industry to maximize investor returns. For example, one of the largest crypto hedge funds, Pantera Capital, balances its investment in 

1.  	promising new tokens with the potential to become rising stars like 

3.  	venture equity in leading industry projects, such as 

Crypto hedge funds typically charge a management fee of between 1% and 3% of your investment. In addition to the management fee, there is nearly always a performance fee payable as a share of the positive return generated from your investment. This fee may vary from 10% to as high as 40% of the return on investment.

For example, let’s say your initial investment in the fund is $1 million and the performance fee was set at 20%. After a year, your investment has grown to $1.5 million, a return of $500,000. Under this scenario, the fund manager will charge 20% of that $500,000 (that is, $100,000) as the performance fee.

Participation in crypto hedge funds typically requires a substantial minimum investment. Pantera’s Blockchain Fund mentioned above, for instance, has a $1 million minimum investment requirement. This isn’t an unusual amount for a hedge fund. However, there are some funds for which the minimum investment could be as low as $100,000. 

The Three Arrows Capital (3AC) debacle shone the spotlight on cryptocurrency regulation, including issues related to the operations of crypto hedge funds. Tighter regulation of crypto had already been an ongoing development in the U.S. and other jurisdictions before the 3AC failure. The firm’s high-profile collapse will likely expedite the introduction of additional regulatory measures, with crypto hedge funds being among the primary targets of this new government tough love.

At the moment, crypto hedge funds that invest exclusively in cryptocurrencies don’t have to register with the Securities and Exchange Commission (SEC). This is because the SEC has yet to officially recognize crypto as a 

. This could change — and rather abruptly — given the SEC’s incessant stream of opinion pieces and announcements hinting at bringing crypto under the umbrella of security-related products.

However, if the crypto hedge fund has a diversified portfolio that includes stocks and other highly regulated assets in addition to crypto, then SEC registration of the fund might be required — unless the fund has less than $150 million under its management, in which case it would qualify for an 

Additionally, if the fund plans to invest in complex derivative crypto products, such as leveraged assets or Bitcoin futures, it would 

 (Commodity Futures Trading Commission), the primary regulator of futures-based financial products in the U.S.

Crypto hedge funds offer several advantages for investors. Naturally, along with the benefits of investing in these funds, there are some drawbacks and/or risks to watch out for.

The key advantages of crypto hedge fund investing are:

The key disadvantages of crypto hedge funds include:

Among the hundreds of funds that invest in crypto assets, some stand out as the main market movers and shakers. The most notable among these funds include Pantera Capital, Multicoin Capital and Andreessen Horowitz.

 is considered by some observers to be the largest crypto hedge fund manager. It launched the first-ever crypto fund in the U.S. back in 2013. The firm’s Blockchain Fund (described above) is the main vehicle used by Pantera Capital to invest in cryptocurrency and blockchain assets. The fund started in June 2021 with an investment target of $600 million, to be allocated to promising tokens and projects. By now, the fund has grown to $1.3 billion, a mammoth amount by the standards of the crypto hedge fund industry.

is another high-profile hedge fund manager. The firm invests exclusively in crypto, blockchain, decentralized finance, and Web 3.0 projects and assets. The total amount of assets under management (AuM) of this industry giant is close to $9 billion.

One of the world’s largest technology investors, 

 is among the most recognizable names in the hedge fund industry. The firm runs a number of crypto funds and venture capital investment vehicles. The company’s largest fund solely dedicated to crypto is estimated at a staggering $4.5 billion.

Starting a crypto hedge fund in the U.S. requires following a number of steps to ensure that you don’t end up on the wrong side of the law. Fund managers who plan to invest only in crypto coins, and who won’t have more than $150 million under their management, don’t need to register with either the SEC or the CFTC.

Managing more than $150 million — or combining crypto investments with securities — triggers a requirement for registration with the SEC. Meanwhile, a CFTC registration is mandatory for investments in crypto futures, other derivatives and leveraged products.

Additionally, the fund manager will need to check with the relevant state-level authorities concerning any local registration, approval or permits.

Crypto hedge funds might be a great way to invest because of their potential for astoundingly high returns. However, high returns inevitably come with high risks. In particular, the inherent risks involved in crypto hedge funds must always be kept in mind. Don’tt forget that these funds combine two highly risky investment forms — cryptocurrencies and hedge funds.

If you don’t mind this combustible mix, you may find crypto hedge fund investing to be a rewarding endeavor — at least when your assets are overseen by a skilled fund manager.

What Is a Crypto Hedge Fund — and Is It Safe?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards