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.

Beginner

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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

Investing

Trading

Fearful of rising asset prices and defaulting bonds? Learn from the 2008 financial crisis so you can invest smartly for the road ahead.

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A recent liquidity crisis at the second-largest property developer in China has investors drawing parallels to the infamous 2008 financial crisis. This issues has raised investors’ concerns; that its effects may trickle down to the global economy. Evergrande, the infamous company, has fueled an economic spur in the country since 1996, but most of the growth sat atop unsustainable and ever-increasing debt. Today, the company has liabilities of

, the largest debt of any business worldwide. Moreover, its real estate properties have low occupancy rates, which is reminiscent of the 2008 financial crisis.

The Chinese government says they’ve got things under control. At the same time, strategists recommend that Beijing acts promptly because Evergrande’s decline is hurting market sentiment, even spreading to crypto by causing Bitcoin

In this guide, we discuss what caused the 2008 financial crisis and how savvy crypto investors can learn from the economic uncertainty in the market.

The 2008 financial crisis was mainly caused by the collapse of the U.S. housing bubble. Deregulation in the finance industry allowed banks to trade hedge funds with derivatives and bundle subprime mortgages, ultimately causing real estate assets’ values to plunge.

The roots of the Great Recession began to form in 2007. At that time, it was clear that the long-practiced binging on cheap credit would have imminent consequences. Preliminary events had already begun to expose cracks in the system, such as the collapse of two Bear Stearns hedge funds.

 in Britain was also going to ask the Bank of England for emergency funding. At the same time, BNP Paribas shocked investors by freezing $2.2 billion of funds under management.

However, these signs failed to prepare investors for what was to hit the next year. 2008 brought the worst financial crisis in about eighty years, engulfing the whole world.

The 2008 financial crisis cost ordinary people their life savings, homes and jobs — and sometimes all three. Today, many people wonder what caused the 2008 financial crisis. Realistically, there was more than one culprit, but if there’s a place to start, it’s mortgage-backed securities.

What Is a Mortgage and What Are Mortgage-Backed Securities?

A mortgage is a legal agreement between you and a lender that permits the lender to seize your property if you can’t repay the loan you’ve taken to buy it, along with any applicable interest. If you miss payments, the lender can take your home in a process called foreclosure.

 (MBS) are bonds secured by real estate and home loans. The pooling of several similar loans creates mortgage-backed securities. Essentially, investors can benefit from these securities without ever buying or selling a property. An investor putting their money in MBS is essentially obtaining the right to the value of this mortgage pool.

An investor buys an MBS because monthly payments from the borrowers go to that investor, rather than to the original lenders. If the borrowers are unable to pay, the investor may lose money.

Mortgage-backed securities exist because they let the bank sell its mortgages, which frees up more funds for the bank to lend to other borrowers. Additionally, it allows non-banking institutions to invest in the mortgage business.

How Did Mortgage-Backed Securities Lead to a Rise in Housing Prices?

Before mortgage-backed securities, only banks could offer long-term loans to borrowers, since they had enough money to wait for the loans to be repaid in 10 to 30 years.

With MBS, lenders were able to retrieve their cash instantly from the investors. As a result, the number of lenders rose. In fact, some started offering unrealistically low interest rates — in some cases not even bothering to verify the borrowers’ assets or salaries.

The lax lending policies meant banks were now facing tough competition. Therefore, they also had to make their qualification standards more flexible and lenient. And to make matters worse, mortgage-backed securities weren’t regulated.The U.S. federal government’s regulations only applied to banks, as they were required to ensure the protection of their depositors. Nevertheless, the lax lending standards meant more people were buying homes, resulting in a real estate boom.

Since lenders weren’t consistently confirming whether the borrowers could repay loans, many people ended up with unaffordable mortgages. As a result, subprime mortgages started piling up.

 is given to a high-risk borrower with a low credit rating. The interest rate on this type of mortgage is much higher than a standard rate in order to compensate for the higher risk.

Subprime mortgages are sometimes also adjustable-rate, which means the lender can increase the interest rate at any point in time.

The Role of Subprime Mortgages in the 2008 Financial Crisis

Subprime mortgages were a primary reason for the 2008 financial crisis, since many borrowers were issued these loans without any proof of income or down payment.

A borrower could come along and state their income to be $200,000 without any documentation to prove their claim, and they could still apply for a mortgage.

, (“no income, no job, and no assets”). Things began to go seriously wrong when lenders and the rest of the financial services industry began putting subprime loans in the same bundles as conventional mortgages issued to people with high credit scores.

” of collateralized mortgage obligations. These obligations have multiple security pools, with each pool having different priorities and maturities. Bear in mind that the loan repayments for the first three years of any subprime mortgage have a low interest rate. Thus, the banks pooled these payments with the low-interest payments of regular mortgages.

Then, they sold these bundles to investors.

The drop in housing prices in 2006 had already started creating problems. Unfortunately, the decline came during the third-, fourth- and fifth-year mortgage repayments, when many borrowers started to struggle with the sudden spike in interest rates.

A drop in the price of homes meant that the value of borrowers’ properties was less than their mortgage balance. Therefore, they couldn’t sell their homes. On the other hand, investors in mortgage-backed securities realized that borrowers were starting to default, pushing them into foreclosure, so investors tried to get insurance.

At this point, American Investment Group (AIG), the issuer of this insurance, nearly declared bankruptcy, partially contributing to the notorious 2008 financial crisis.

What Was the Chain of Events that Led to the 2008 Financial Crisis?

To fully understand what caused the 2008 financial crisis, it’s essential to look chronologically at the events leading up to it.

Home Buyers Take up Loose Credit Lines to Finance Mortgages

The Federal Reserve wanted to boost the economy and make more money available for consumers and businesses. As they say, the road to Hell is paved with good intentions.

Due to low lending rates, even people with poor credit scores could get mortgages to buy homes. Therefore, they took loose credit lines and financed mortgages. On the flip side, lenders failed to put stringent qualifying requirements in place because they were selling the loans in bundles to investors.

In keeping up with the competition, banks also dropped their standards, offering lowered interest rates. The Federal Reserve did raise the rates later, but it didn’t do much to alleviate the situation.

As a result, homeownership spiked to saturation.

Subprime mortgages, as discussed earlier, have high interest rates. Borrowers who were already subprime struggled to repay their loans in the third through fifth years of the repayment period.

Boom in Supply of Houses Causes Home Prices to Plunge

Problems had already started surfacing way before 2008. In 2004, homeownership in the U.S. had risen to

However, prices of homes started falling in 2006. Americans suffered widespread hardships during this time as their homes had less worth than the amount they’d paid for them. Because of this, there was no way for them to sell their homes.

Subprime Lenders and Financial Institutions Declare Bankruptcy

By 2007, subprime lenders started declaring bankruptcy. Twenty-five lenders had gone under by March of that year.

 filed for bankruptcy in April and laid off 50% of its workers. Soon after, BNP Paribas, the largest bank in France, also announced a loss worth billions of dollars, while American Home Mortgage Investment also declared bankruptcy.

Investors Lose Their Money from Financial Instruments: CDOs, CDSs and Mortgage-Backed Securities

As borrowers defaulted on their payments, investors began losing money from financial instruments, such as MBS. Likewise, investors also sustained losses from collateralized debt obligations.

Lehman Brothers Holdings suffered the most significant blow during the 2008 financial crisis: it owed $600 billion, of which credit default swaps covered $400 billion. In credit default swaps, buyers shift the financial risk to an insurance company and make periodic payments in exchange.

Think of it as an insurance policy, except it’s for buyers who predict that they may wind up in a financial pickle that could affect their investments in the future.

Credit default swaps became popular soon after their invention. By 2007, they were valued at

. However, the global financial crisis hit CDSs hard, dropping the value to

 in just two years following the Great Recession.

Lehman Brothers faced a substantial burden as their insurer, AIG, didn’t have sufficient funds to clear Lehman Brothers’ debt. Therefore, the Federal Reserve had to step in to bail out Lehman Brothers.

Huge Banks Declare Bankruptcy, Causing Liquidation of Assets and the Stock Market Plunge

The world became aware of the initiation of a global financial crisis when major banks started declaring bankruptcy. As a result, the stock market plunged.

 that failed during the financial crisis of 2008:

The most notable bank to collapse during the global financial crisis of 2008 was Bear Stearns, an investment bank in New York City. Ultimately, JPMorgan Chase & Co. bought Bear Stearns for just

Federal Reserve Steps in to Make Emergency Loans to Banks and Salvage the Economy

The primary reason many other financial giants in the country didn’t fail was that the Federal Reserve intervened, pumping taxpayers’ money into the economy. Here are a few steps the government took:

 was introduced to mollify the financial crisis in the country. U.S. President George W. Bush signed TARP in 2008, allowing the Department of the Treasury to put money into the market by purchasing equity and assets.

TARP was designed to give consumers debt relief and stabilize the overall economy. Initially, TARP was authorized to inject

 into the failing market. However, the amount was later lowered to $475 billion after the signing of the Dodd-Frank Act.

Dodd–Frank Wall Street Reform and Consumer Protection Act

President Obama signed the Dodd-Frank Act

 to tackle the aftereffects of the financial crisis of 2008. The law put in place regulations to prevent the predatory behavior of lenders and mortgage companies. Here are some of its other

, also known as the bank bailout, was passed in 2008. Per this law, the $700 billion 

 was created to buy toxic assets from banks.

The lowered interest rates before the financial crisis were the only silver lining from the whole ordeal. Americans suffered heavily as a result of the crisis, with

Also, as the housing market plummeted, Americans lost a whopping

, vaporizing many of their retirement accounts. On a global scale, there was a drop of 4% in economic growth.

Overall, millions of Americans lost their jobs due to layoffs by bankrupt companies. Meanwhile, after defaulting on payments, subprime borrowers lost their homes.

What Can Crypto Investors Learn From the 2008 Financial Crisis?

The financial crisis of 2008 certainly put a lot of Americans through financial ordeals, but it also offered lessons and identified loopholes in economic policies. Here are some things crypto investors can learn from it.

As a crypto investor, be wary of crashes and 

. We live in a world of meme coins and influential figures swaying the crypto market with their tweets. Therefore, you should have a non-sensationalist approach to crypto investing, especially when it comes to coins that seem to have rallied too quickly.

Currently, there are thousands of cryptocurrencies, although not all of them are widely known since they may not have made it to price monitoring sites. Some of these currencies are in the process of seeking their niche in a saturated marketplace.

However, others are just on the hunt for unsuspecting investors — whom they can prey on to make a quick buck. Thus, 

Start by looking at the crypto business model. You can read the company’s white paper and judge whether there’s a scope for scalability or if the company is on its way toward expansion and development in the future.

Next, look at the team. Do a Google image search and check to see if the people mentioned even exist, or if their pictures have been taken from another website. Some developers even put fabricated team members on their white paper to make the project seem legit.

Finally, look at the company’s initial coin offering, transparency, partnerships and profits.

The blind trust of investors in credit rating agencies was one of the catalysts of the financial crisis of 2008. 

. Do your own research, rather than blindly following an online article written by someone who may simply be trying to sensationalize the content as clickbait.

Identify Promising Crypto Projects to HODL

Here’s something to etch in your mind: the bear market will not last forever.

Volatility is inevitable in the crypto market, so don’t let it cloud your judgment if you want to HODL a promising project.

After the financial crisis of 2008, internet stocks plunged. People began to regard everything containing a “dot-com” as an ill-considered, immature business strategy. However, a decade later, some of the same startups that came into existence during that bubble are ruling cyberspace: some of them include Google and Amazon.

Apply the same to cryptocurrency, and don’t let a price drop discourage you from holding projects with inherent potential. If you’ve done your research and strongly believe in the growth potential of a token, HODL on.

Be Wary of Projects that Are “Too Big to Fail”

Although the signs of an upcoming financial crisis had always been there, many investors simply didn’t believe that certain financial institutions could ever fail, due to their sheer size.

However, we all suffered the consequences of this error in judgment as some of the biggest companies and banks filed for bankruptcy in 2008. The same applies to cryptocurrency. Don’t fall prey to the idea that some tokens are simply too big to fail.

If you nonetheless choose to adhere to this ideology, you’re likely to take excessive risks that can result in a lot of monetary loss.

Instead of investing everything in a single token, diversify your portfolio. This ensures that all your eggs aren’t in the same basket, so that even when a crypto calamity strikes, your whole portfolio isn’t wiped out.

: keep a manual record of your transactions, or use a

What Caused the 2008 Financial Crisis: Crypto Investor Takeaways

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