PancakeSwap has partnered with BetFury to launch a $50,000 trading competition running from December 24, 2024, to January 12, 2025.

Daily Top Performer — Phala Network (PHA)

The S&P 500 rose 1.1%, marking its third straight gain and the start of the Santa Claus rally. Growth and megacap tech stocks led, driven by optimism in AI and long-term tech trends, despite elevated Treasury yields. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.18%, with Bitcoin and Ether rising by 4.52% and 1.90%, respectively in the past 24 hours.

Today's top performer is PHA, which surged 63.4% after the announcement of Phala Network's 2024 achievements and 2025 roadmap, featuring decentralized GPU AI advancements and strategic partnerships.

The Phala Network (PHA), founded in 2018, is a decentralized cloud computing platform that uses excess computing power from everyday devices. It operates with Gatekeeper and Miner nodes, offering secure and scalable cloud services. Phala also launched Khala (PHA) on the Kusama network in 2021. 

 include co-building a decentralized GPU network, enhancing AI model training, and partnerships with projects like SentientAGI and MorpheusAIs. The Phala Treasury allocated 37% to infrastructure, 20% to community, and 43% to marketing. Social media efforts generated millions of impressions and engagements, while the network participated in six events and established 15 partnerships. Phala 2.0, launching in 2025, will integrate GPU TEE technology and Ethereum Layer 2 scalability for AI and Web3 applications.

Check Out the Latest Prices, Charts, and Data of 

 to launch a $50,000 trading competition running from December 24, 2024, to January 12, 2025. Participants can earn rewards by trading BFG tokens on the PancakeSwap Web interface or Telegram Swap-Bot. The competition includes daily lucky draws with $10,000 USDT, a leaderboard with $30,000 in BFG tokens for top traders, and $10,000 USDT for traders using the Telegram Swap-Bot. To qualify, participants must meet specific trading volume requirements, with rewards distributed in USDT and BFG tokens.

Yesterday, Bitcoin Spot ETF flows remained unchanged for GBTC, while non-GBTC ETFs experienced outflows of $149.7 million, bringing total outflows to $149.7 million.

: Astherus lets you farm while qualifying for Lista DAO Season 2, while Superform involves depositing ETH on Base via Moonwell WETH Morpho vault. Mitosis allows Linea airdrop qualification by holding funds, and Symbiotic rewards large token deposits on Ethereum mainnet. Mind Network offers bigger airdrop allocations for farming vFHE by depositing eETH. Solayer requires depositing and delegating SOL or derivatives to rank higher, and Drift's second airdrop involves liquid staking SOL to earn and lend dSOL.

Beginner

1.png

PancakeSwap and BetFury Launch $50,000 Trading Competition with BFG Token Rewards

In this tutorial, we’ll explore how you can complete a series of tasks in Orochi Network for Bybit Web3 Airdrop Arcade.

In this tutorial, we’ll explore how you can complete Orochi Network tasks for Bybit Web3 Airdrop Arcade. 

Task 2: Quote Orochi Network's Post and Tag 3 Friends

: Navigate to Orochi Network’s pinned post on X.

: Quote the tweet with your thoughts, and tag 3 friends.

 button at the top right corner of the page.

: The Orochi ID window will pop up. You may choose to sign up for an Orochi ID using your Google account, GitHub or email address.

: Congratulations! You’ve successfully created your Orochi ID. 

Task 4: Join the Contribute to Earn Program

: Connect your Wallet, Google account and Discord to be eligible.

: Once you’ve successfully connected all accounts, you’ll have completed this task.

 all of the four tasks above for your chance to 

orochi tutorial.png

How to Complete Orochi Network Tasks for Bybit Web3 Airdrop Arcade

MegaETH is an EVM-compatible blockchain with real-time Web 2.0–level performance. Learn more about MegaETH.

 has long been a formidable challenge for the blockchain industry. Most established chains maintain decentralization and security, but struggle with limited scalability while high-performance 

 (L1) blockchains often compromise decentralization to achieve high throughput. 

What if we could push throughput to unprecedented levels without compromising security or decentralization? 

Enter MegaETH — a project backed by industry leaders such as Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin and Dragonfly Capital. With the first real-time 

 (EVM)–compatible chain —i.e., one that can process transactions as soon as they arrive, and then publish the resulting state changes — MegaETH aims to redefine blockchain performance. In this article, we delve into the scaling limitations of current blockchains and examine how MegaETH aims to solve them. Let's dive in!

The blockchain trilemma has posed a significant challenge for 

 developers for years. As Ethereum co-founder Vitalik Buterin explains, distributed ledger networks can only achieve two out of three critical qualities (security, decentralization and scalability) by using simple techniques. 

As a result, most high-performance chains, such as Solana, Avalanche and BNB Chain, often compromise on decentralization or security to achieve scalability.

To address the scalability challenges of L1 networks, developers have introduced 

 (L2) solutions, which operate on top of blockchains such as Ethereum. These L2 chains achieve 

 (TPS) while leveraging the security and decentralization of their underlying L1s. However, according to MegaETH, both high-performance L1 and L2 networks fall short of meeting the demands of Web 2.0–scale applications, particularly in terms of 

As shown in the table above, the blockchain with the highest scalability, opBNB, achieves a gas rate of 100 MGas/s, equivalent to 650 Uniswap swaps or 3,700 

 transfers per second. In comparison, modern databases can 

 over 1 million TPC-C TPS. While Arbitrum One, the fastest chain listed, offers a block time of 0.25 seconds, this remains insufficient for applications requiring rapid feedback or high update rates. 

These limitations in both scalability and speed make current high-performance L1s and L2s ill-suited for Web 2.0 applications with significant computational demands.

 is an EVM-compatible blockchain with real-time Web 2.0–level performance. With the goal of bridging the gap between distributed ledger networks and traditional cloud computing servers, the project aims to push the performance of Ethereum-based L2s to hardware limits. As the first real-time blockchain, MegaETH can stream transactions at 100,000 TPS with transaction fees under $0.01, and provide millisecond-level responsiveness without sacrificing security or decentralization.

MegaLabs, the organization behind MegaETH, was founded in early 2023 by Shuyao Kong and Yilong Li. Holding an MBA from Harvard Business School, Kong has a background in business development within the blockchain industry. Prior to co-founding MegaLabs, she was the global head of business development at ConsenSys, where she continues to serve as an advisor.

As the Chief Executive Officer (CEO) of MegaLabs, Li has a PhD in computer science from Stanford University. An experienced software developer, he previously worked at Runtime Verification Inc., a firm specializing in software analysis tools and the application of formal methods to improve computing systems.

Together, Kong and Li founded MegaLabs in early 2023 to leverage their business development and computer science expertise to build MegaETH as the first real-time blockchain.

 $20 million of funding in a single seed round at a 9-figure valuation. The round was led by Dragonfly Capital, with other notable venture capitalists including Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holdings, Tangent Ventures and Credibly Neutral. In addition to VCs, MegaETH is backed by high-profile angel investors, such as Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin and EigenLayer creator Sreeram Kannan.

 on crypto trader Cobie’s decentralized fundraising platform, Echo. The round was fully funded within minutes and oversubscribed, showing significant investor demand.

MegaETH achieves over 100,000 TPS with less than 1 ms latency and block time, as well as transaction fees under $0.01, via two core features: a heterogenous blockchain architecture and a hyper-optimized EVM execution environment.

MegaETH's heterogeneous blockchain architecture enables network nodes with different hardware configurations to specialize in specific tasks to boost performance.

There are three types of nodes: sequencers, full nodes and provers. With cutting-edge hardware, a small set of sequencers conduct performance-critical tasks such as transaction execution. Simultaneously, a massively decentralized network of full nodes performs security-critical duties such as block validation. Provers have the lowest hardware requirements, and focus on providing L2 proofs to full nodes.

Hyper-Optimized EVM Execution Environment

MegaETH provides a hyper-optimized EVM execution environment to push latency, throughput and resource efficiency to hardware limits. Consequently, the real-time blockchain can process large volumes of transactions as soon as they arrive, and publish the resulting state changes in a few milliseconds.

To enable real-time EVM execution, MegaETH co-designed a low-latency, streaming-based block-building algorithm with a concurrency control protocol supporting transaction prioritization.

MegaETH's real-time blockchain scales without sacrificing decentralization and security through the following key components and features.

 is an extension of the MegaETH core team. It consists of a group of 10x builders hand-picked by MegaETH developers. According to the project, MegaMafia participants have "an internal compass guiding them toward crypto's world domination."

MegaETH defines three common qualities for MegaMafia members:

MegaETH is setting a new standard for blockchain scalability, addressing long-standing limitations without compromising decentralization or security. By combining innovative architectural decisions with technologies like real-time EVM execution, in-memory computing and smart contract JIT compilation, this real-time L1 chain delivers unmatched performance tailored for Web 2.0–scale applications.

Supported by high-profile investors, such as Vitalik Buterin and Joseph Lubin, MegaETH is poised to bridge the gap between blockchain and traditional computing, unlocking new possibilities for decentralized applications. The project is on track to launch its testnet in early 2025, with the mainnet rollout soon thereafter.

Advanced

megaeth.png

MegaETH: A Real-Time Blockchain for Web 2.0–Scale DApps

Grayscale has launched the Horizen Trust, a fund that allows qualified investors to gain exposure to the cryptocurrency ZEN without the need to buy, store, or safeguard it.

Daily Top Performer — Convex Finance (CVX)

The S&P 500 rose 0.73%, driven by big tech and communication services, as investors anticipate a "Santa Claus Rally" to close the year. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.61%, with Bitcoin dropping by 2.58% and Ether rising by 4.32%, respectively in the past 24 hours.

Today's top performer is CVX, which surged 28.1% following Frax's consideration of BlackRock's BUIDL token as backing for the rebranded frxUSD stablecoin.

Convex Finance (CVX), launched in May 2021, is a DeFi protocol that boosts yields for Curve protocol users on Ethereum. It allows for staking to earn CRV and CVX tokens and provides voting rights on token allocations. Securitize has 

 adding BlackRock's BUIDL token as backing for Frax's rebranded Frax USD (frxUSD) stablecoin, which will feature a new mint-redeem system. Early feedback from Frax DAO members is positive. Competing proposals from Superstate also suggest backing frxUSD with their tokenized funds. The final backing structure is still undecided.

, a fund that allows qualified investors to gain exposure to the cryptocurrency ZEN without the need to buy, store, or safeguard it. The fund's shares track the market price of ZEN, net of fees. While the shares have been traded at both a premium and discount, the fund aims to provide a simpler way for investors to gain exposure to ZEN. Grayscale is also expanding its offerings, with plans for a Solana spot ETF.

Yesterday, BTC Spot ETFs recorded total outflows of $258.2 million, including $38.4 million from GBTC and $219.8 million from non-GBTC funds.

, distributing $SONIC tokens to those who participate. Over 2 million users have joined through an easy onboarding process, requiring no wallet setup or gas fees. To qualify for the airdrop, users must log in via TikTok, access SonicX, and wait for the $SONIC claim banner. SonicX, part of the Sonic SVM app layer, uses TikTok ads and creator partnerships to promote its gaming and blockchain education hub. The project aims to expand its TikTok Chain with new games and future token rewards.

Grayscale Introduces Horizen Trust for ZEN Investment Access

Bybit Learn

If you're using MT4 for crypto trading, be sure to check out this article to find out the best MT4 indicators to add to your trading chart.

AD-Indicator.png

Average-Directional-Movement-Index.png

Bulls-Bear-Power.png

Force-Index.png

On-Balance-Volume.png

Oscillator-of-Moving-Average.png

Heiken-Ashi-Candles.png

Zigzag.png

Gator-Oscillator.png

RVI.png

Before computers were common, technical analysis was used in trading financial assets. At the time, hedge funds and investment banks regularly utilized 

 to predict market movement. Now, you can also use the same indicators on 

Let’s learn about the ten best MT4 indicators, and how to use them to trade your favorite crypto.

MT4 indicators are technical analysis tools on the MetaTrader platform that help identify market trends and future price action.

The MetaTrader platform incorporates the most popular technical indicators free of cost. Depending on your trading style and preference, you can insert the indicators you choose on the chart to help you make reasonable assumptions about future price action.

Technical indicators are mainly divided into two groups: Trend indicators and oscillators. Trend indicators are built around existing market data. In contrast, oscillators are used to discover a potential reversal in the market. Unlike trend indicators, oscillators try to find turning moments ahead of time.

, are imposed directly into the price chart, while others are plotted on a separate window. Irrespective of their placement on the chart, you can customize each indicator to a good extent, depending on how and where you want it to appear.

If you like technical analysis, it's certainly possible to deploy more than one indicator on the MT4 screen. Generally, the second or third indicator is used to confirm the price action. If you're just beginning to use the 

 to trade cryptocurrency, the following section explains why technical indicators make a lot of sense.

MT4 indicators are an intrinsic feature of the 

. Since the inception of MT4, almost all of the popular technical indicators are offered to the trading community free of cost. They're also used for automated trading and to create 

Apart from their utility as a robust trading tool, MT4 indicators have become indispensable to crypto traders because they can help them to avoid making wrong decisions in a highly volatile and unpredictable environment.

Unlike with stocks, forex and other financial markets, there’s often less information available to crypto traders. The emphasis on privacy and the nature of 

 is an important reason to use MT4 indicators, because they can compensate for the lack of available market information.

, using MT4 indicators can give you an edge by identifying a perfect entry and exit point. For many traders, MT4 indicators are fundamental to their success because performing technical analysis can substantially increase the profit-loss ratio of any trading strategy.

Best MT4 Indicators for MT4 Crypto Trading

By default, there are lots of MT4 indicators on the MetaTrader platform. You can also download hundreds of others from the 

. For now, let's discuss some of the best ones. While you may have already heard about these simple MT4 indicators, they're distinguished by their ability to stand alone as the only tool you may need.

 is a very popular volume-based MT4 indicator. It measures the cumulative flow of money in and out of an asset. The concept is based on the market psychology that there’s always an end to an existing trend. Accordingly, the accumulation/distribution tool can indicate the end by measuring changes in volume.

Let's discuss A/D from the perspective of a bull market. Theoretically, a bullish trend is the result of a high volume of money flow in an asset. When investors are bullish, the volume tends to rise (or stay constant) in an uptrend.

On reaching a certain threshold, traders will take profit — which ultimately puts pressure on the rising price, forcing the volume to tumble. This divergence between rising price and decreasing volume is exactly what A/D tries to interpret. The divergence is a sign of potential reversal.

 (ADX) measures the strength of an existing trend. The value of the ADX is between 0 and 100, which indicates a range from weak to strong sentiments. According to 

, any value above 25 qualifies as a strong trend in the direction of the ADX line. Likewise, any value above 50 and 75, respectively, reflects a very strong trend and an extremely strong trend.

Whenever the ADX is under 25, the market is usually in a range, which means that there’s no particular trend in either direction. If you're interested in using ADX as an indicator, MT4 will automatically plot ADX in the same window as the two directional indicator (DI) lines, from which ADX is derived.

Use the DI lines to identify when you should buy (+DI is higher than -DI) and when you should sell (+DI is lower than -DI). 

 are two different MT4 indicators. Each of these indicators tries to predict the future market trend. Based on your preference, you can either use them separately or plot them on the same graph.

The indicator is a relatively new concept developed by Russian-American professional trader Dr. Alexander Elder, both a psychiatrist and the author of the best-selling 

 (1993). From a practical perspective, this indicator is pretty straightforward to use. When using a Bulls Power indicator, any green bar above the "zero" line indicates the start of a potential uptrend. Alternatively, if you're using a Bears Power indicator, a red bar below the "zero" line indicates a future downtrend.

 (exponential moving average) 13-day indicator. Dr. Elder recommends the 13-EMA for precise entries. For instance, the Bulls Power will likely prevail if the EMA 13-day moving average is in an uptrend, and the green bar is either above the "zero" line, or is negative but increasing.

For Bears Power, it's the other way round. If the EMA 13-day is sloping downward, short the cryptocurrency when the EMA 13-day moving average is in a downtrend, and the red bar is either below the "zero" line, or is positive but decreasing as well.

 is another useful oscillator introduced by Dr. Alexander Elder. It measures the amount of power behind a particular market rally. Overall, it calculates the direction of price change, the extent of the change and the trading volume.

For practical readings, it's better to use the 13-day default period on the MetaTrader 4 platform. However, day traders and short-term investors can adjust the period according to their trading styles.

From a visual perspective, the force is often reflected in a sudden spike in the direction of the market price. If you're looking for a reversal, Force Index is probably one of the best MT4 indicators out there. On a similar note, the indicator is also used to gauge the overall trend in the market. If it's above the "zero" line, the market is in an uptrend, and vice versa.

 (OBV) is a simple indicator which plays out beautifully when divergence is formed. It measures buying and selling pressure by adding up the volume on up days, and subtracting the volume on down days.

Whenever the security closes higher than on the previous day, the indicator adds up the volume of the previous day. If the closing price is lower than the previous close, all of the day’s volume is considered down-volume.

Since on-balance volume uses a simple formula, you’ll notice similarities between the actual price graph of the asset and the OBV graph. Regardless of a somewhat similar trajectory, traders always look for a divergence. For instance, if the market is rising, look for higher lows on OBV. When the market is trending downward, look for lower highs.

, or oscillator of a moving average. It’s primarily based on the moving average convergence divergence (

) indicator. Unlike moving averages, OsMA can give you early signals to enter and exit a trade. An increase in OsMA reflects a bullish trend. Likewise, when the OsMA turns from negative to positive, it means that the price is about to change.

Short-term crypto investors can take advantage of OsMA to confirm an uptrend or a downtrend. If an uptrend is visible, you can use the positive bar of the OsMA to enter the market, and vice versa. Per the OsMA, exit the trade when the subsequent OsMA bar loses its strength. This is less risky in terms of a volatile market, as it enables traders to take small profits in uncertain conditions.

, is perhaps one of the most underrated MT4 indicators. If used correctly, it can help to rack up substantial profits for investors. Introduced by a Japanese trader, Heikin Ashi candles help create a smooth candlestick graph, helping traders make better trading decisions based on clean visuals.

On the MT4 platform, you can either superimpose the Heikin Ashi candles on the existing candlestick or open the indicator in a separate window. When implemented, you’ll immediately notice a smoother chart, because Heikin Ashi calculates the average of the price movement.

A Heikin Ashi candle without a shadow indicates a strong trend in either direction. A candle accompanied by a small body, surrounded by upper and lower shadows, suggests a potential reversal.

There are many ways to use the candle. When using it over the long run, you can set stops at the lower end of the Heikin Ashi candle. Swing traders can also open a trade in the opposite direction whenever their stops are hit. At this point, they may also re-enter the market if the signal fails to materialize.

Since Heikin Ashi indicates the average, keep in mind that the price of the Heikin Ashi may not be the actual security price. Therefore, it's better to place the Heikin Ashi chart in a separate window.

 is a simple yet powerful indicator for swing traders. It's used to quickly determine support and resistance areas on a chart. The default setting for the indicator is 5%, but you can ideally use a setting greater than 10%. Any setting less than 10% is a bit similar to drawing the same bar chart.

Zig Zag is also used by traders who rely primarily on support and resistance levels. While it's one of the simplest MT4 indicators, it's nonetheless extremely useful in entering the market. Under normal circumstances, you can also figure out trade patterns including double bottom, head & shoulders, and triple stops.

 is used to visualize a trend. There are two bars, green and red, on both sides of the zero line. According to its founder, the market is like an alligator that exhibits four stages of activity. At any given moment, the alligator is either sleeping, awakening, eating or sated.

If there are two red lines above the zero mark, it indicates little or no activity. It also means that the market is currently ranging. Likewise, the two green lines on either side represent a trending market. This is a confirmation to enter the market.

A green and red line on the oscillator indicate a reversal. You can use the signal to take profits or exit the market. While the gator oscillator is a useful tool, Bill Williams insisted that it should be used in conjunction with one of the other popular indicators that he devised for trade confirmation purposes.

On the MT4 platform, all major Bill Williams indicators are bundled together. These often include the Accelerator Oscillator, Alligator, Awesome Oscillator, Fractals, and Market Facilitation Index.

) is a momentum indicator based on the theory that the price of a security closes higher during an uptrend, and lower during a downtrend. Accordingly, traders expect the value of the RVI to rise as a bullish trend gains momentum, and to fall when bearish sentiment takes over.

This MT4 indicator can generate highly effective signals for trading range-bound cryptos. It not only offers an intuitive way to enter a trending market, but also lets you get out of the trade before a potential reversal. In an uptrend, you can enter a market when the green line crosses over the red line. Similarly, it's the other way around in a downtrend.

This isn’t the only use for the RVI indicator. For instance, divergences between the RVI indicator and the price suggest a near-term change in the trend. This is indicated by higher highs of market price, accompanied by lower highs of RVI in a bull market; and by lower lows of market price accompanied by higher lows in a bear market.

MetaTrader 4 has a user-friendly interface. Follow these steps to add indicators to your chart:

There are hundreds of MT4 indicators that you can add to your trading chart. Irrespective of how you trade, there’s little proof that adding more than one indicator gives you a trading edge. Therefore, it's logical to try MT4 indicators that can stand alone without any additional input.

10 Best MT4 Indicators to Use When Trading Crypto

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards