Ethena Labs has launched USDtb, a new stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) in partnership with Securitize. 

Daily Top Performer — Eigenlayer (EIGEN)

The S&P 500 rose 0.38% as investors await the Fed's rate decision and 2025 outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 3.87%, with Bitcoin and Ether rising by 2.69% and 5.02%, respectively in the past 24 hours.

Today's top performer is EIGEN, which surged 11.2% after the Eigen Foundation pledged 1% of the EIGEN supply to support the Protocol Guild.

EigenLayer (EIGEN), founded in 2021, is an Ethereum-based protocol that allows ETH stakers to restake ETH and Liquid Staking Tokens (LSTs) to boost security for other protocols, earning extra rewards while providing access to Ethereum's validator network. The Eigen Foundation has 

 1% of its EIGEN supply to support the Protocol Guild, a key funding mechanism for Ethereum’s core Layer 1 R&D. This pledge, which was mentioned in the Season 2 stakedrop blog post, aims to ensure ongoing funding for Ethereum maintainers and contribute to the network's decentralized growth and sustainability.

Check Out the Latest Prices, Charts, and Data of 

, a new stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) in partnership with Securitize. USDtb’s reserves are primarily invested in BUIDL, with 90% of its backing allocated to it. The stablecoin aims to provide a scalable and differentiated option compared to existing stablecoins, with the potential to mitigate risks for Ethena’s USDe token. USDtb can also be used as margin collateral on exchanges and is being considered for Spark’s $1bn Tokenization Grand Prix. It has passed multiple audits and supports seamless cross-chain transfers via LayerZero.

Yesterday, BTC Spot ETF saw total flows of $218.7M, with $17.6M from GBTC and $201.1M from non-GBTC.

 token on December 17 as an ERC-20 utility token with a total supply of 1 billion. The token will power its gaming metaverse, offering staking rewards, exclusive in-game resources, consumables, and governance rights. ISLAND will primarily be distributed to the community (40.1%), including play-to-airdrop participants, ecosystem incentives, and rewards pools. Investors, advisors, and the team have long-term token locks, while a small portion supports exchange liquidity and the project treasury. Users can claim ISLAND on the Nifty Island website and benefit from staking for enhanced gameplay rewards and platform advantages.

Beginner

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Ethena Labs Launches USDtb Stablecoin Backed by BlackRock’s BUIDL Fund

Learn about GigaChad (GIGA), a Solana-based meme coin inspired by the iconic GigaChad meme, and the unique and cult-like community that developed around the meme coin.

What began as an internet meme celebrating the "ultimate alpha male" has evolved into a rising star in the 

 market. GigaChad (GIGA), inspired by the iconic 

, has taken the Solana ecosystem by storm, inspiring a viral culture to create a unique community-driven meme coin.

GIGA showcases how meme coins can unite online communities while offering new investment opportunities. This article delves into GigaChad’s rise, exploring the origin of the GigaChad meme, the vibrant community behind it, the coin’s market performance and what users should know before trading GIGA on Bybit.

Solana has emerged as a hub for meme coins this year, due to its low transaction fees and fast network speed. Coins like 

 have captured the imagination of communities, propelling these meme coins to billions of dollars in 

. Amid this scene, GIGA has entered the fray, promising to combine the meme’s cultural significance with blockchain innovation.

The Origins of GigaChad: From ‘Just a Meme’ to Crypto Icon

GigaChad’s journey began in 2017 with Russian photographer Krista Sudmalis’s 

 art project. This series featured hyper-stylized portraits of ultra-masculine models, celebrating exaggerated ideals of male perfection. Among these models, images of one stood out — Ernest Khalimov (Instagram: berlin.1969). The images portrayed an impossibly chiseled jawline, symmetrical features and a larger-than-life physique, earning the likeness the nickname “GigaChad,” a moniker that would soon take on a life of its own.

 forum, where it immediately caught attention. A day later, 4chan’s /pol/ board crowned images of Khalimov “GigaChad, the perfect human specimen destined to lead humanity against reptilians.” The absurdity of this statement, combined with Khalimov’s unreal appearance, fueled an internet legend. Indeed, Khalimov’s identity has been impossible to prove, with some sources asserting that his likeness 

By 2018, GigaChad memes had gone viral, appearing across platforms like Reddit, Imgur and Instagram. The Khalimov likeness, verifiable or not, had become a symbol of unattainable masculinity: equal parts inspiration and intimidation. In 2021, his fame soared again with the viral 

 meme, set to the haunting sounds of Bring Me the Horizon’s “Can You Feel My Heart.”

By 2024, GigaChad’s legend had transcended internet culture. On June 28, 2024, National GigaChad Day, the Solana-based meme coin GIGA launched, cementing the icon’s crypto status. Blending fitness, finance and meme culture, GigaChad is now a modern archetype — a reminder to strive for greatness, whether through effort or editing software.

Fast forward to today: the GIGA meme coin has 

 into a symbol of confidence, ambition and humor on crypto Twitter. This archetype has resonated deeply, inspiring enthusiasts and investors to rally around ideals of strength and unity. GigaChad’s cultural relevance extends beyond humor, influencing projects that leverage its appeal to foster collective identity and drive engagement.

The GigaChad community embodies its meme’s larger-than-life persona, radiating confidence and a no-nonsense attitude. Just as the GigaChad meme symbolizes a conception of ideal masculinity, the community represents resilience and bullish optimism.

, a seasoned investor, have openly expressed their confidence in GIGA’s potential, dubbing it the next big meme coin on Solana. This vocal backing has sparked a surge in interest, drawing both retail traders and crypto degens into the fold.

The community’s strength lies in its unified vision, using the GigaChad archetype as a rallying cry for innovation and market dominance. This combination of viral meme culture and solid investor base positions GIGA as a standout contender in the competitive market of Solana meme coins.

As of Dec 16, 2024, GIGA is trading at $0.0705, with a market cap of $657 million and a 24-hour trading volume of $19.9 million. The coin has experienced a 21.87% surge in the past seven days, following the announcement of new partnerships, as well as increased social media buzz. GIGA reached an all-time high of $0.08016 on December 13, showcasing its potential for sharp price movements.

The market seems optimistic about GIGA’s long-term growth potential, citing its vibrant community and the increasing popularity of meme coins on Solana.

Investing in meme coins such as GIGA carries inherent risks. Their pronounced volatility can lead to rapid price surges as well as steep corrections, leaving unprepared investors vulnerable. Additionally, the speculative nature of meme coins makes them more susceptible to market sentiment and external influences.

All in all, potential investors should approach with caution, conducting 

 and avoiding overexposure. Diversifying portfolios and understanding market trends are key to successfully navigating these high-risk investments.

With its vibrant community and strong market performance, GIGA could be a major meme coin player in the current crypto market. Users can now trade GIGA on Bybit, as the GigaChad (GIGA) Perpetual contract 

 in Bybit’s Innovation Zone, where leverage and advanced trading options allow you to maximize opportunities.

Intermediate

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GigaChad: The Alpha Meme Coin Cult

Pudgy Penguins recently announced the launch of its native token, PENGU, based on the Solana blockchain. Learn about the claim eligibility and tokenomics of PENGU.

 (NFT) collection launched in the previous crypto bull market, has since established itself as a leading NFT collection.

The project recently announced the launch of its native token, PENGU, based on the Solana blockchain. In this article, we look at who’s eligible to claim PENGU, the tokenomics of PENGU and upcoming plans of the Ethereum-based NFT collection.

 launched in July 2021, consisting of 8,888 unique and cute Penguins NFTs. Each penguin was generated from 150 hand-drawn components. It quickly carved out a name as an NFT collection known for its adorable artwork.

At the peak of the NFT mania in 2022, Pudgy Penguin #6873 sold for 400 ETH (a price tag of $640,000 at that time). As of mid-December 2024, the 

 has a total market cap of around 299,517 ETH, currently worth over $1.19 billion. Its floor price has risen by 230% in the past month, reaching 33.70 ETH, or around $133,768.

In recent years, the Pudgy brand has aggressively expanded into the physical goods space with Pudgy Toys, a line of collectible igloos, plushies and figures inspired by the NFT artwork. These toys have become a major source for revenue, generating over $10 million in sales through partnerships with major retailers like Walmart, Target and Walgreens.

Pudgy Penguins has a thriving community centered around its holders. Despite the recent NFT bear market, the Pudgy community, known as 

, has remained strong and active. The brand has a large online presence, with over 2 million followers on Instagram, 214,000 followers on X and 60,000 members on Discord. 

Pudgy Penguins’ ecosystem has since expanded beyond just its original 8,888-piece collections, and now includes the Pudgy Penguins NFT collection, 

 collections, Pudgy Toys, the Igloo clothing line and Abstract Chain, a new 

The project was originally launched in July 2021 by multiple pseudonymous founders including ColeThereum (Cole Villemain), Mr. Tubby (Clayton Patterson), Mickyj and Jonah. However, after its initial launch, the project suffered several months of underwhelming performance. Coupled with allegations that the initial founders had stolen funds meant for the project’s development, the founders were removed by the community and the project was put up for auction. After a bidding war, Pudgy Penguins was purchased by Luca Schnetzler, also known as Luca Netz, for 750 ETH in April 2022.

Netz was instrumental in expanding the Pudgy Penguins brand beyond the 

 space with toys and clothing lines. Several new members were also brought in to manage the brand, 

 Lorenzo Melendez as President, Austin as Head of Marketing, Peter Lobanov as CCO, Jennifer McGlone as CLO and Vedant as Head of Strategy. 

 the launch of a new token, PENGU, to be based on the Solana blockchain. PENGU is designed to deepen the community’s alignment with the Pudgy Penguins brand, serving as a gateway for new enthusiasts to become part of the community. The PENGU token seeks to enhance the Pudgy Penguins ecosystem by offering various use cases within the community. 

While the specific use case hasn’t been announced, it’s expected that PENGU will act as Pudgy Penguins’ 

PENGU has a total supply of 88,888,888,888 tokens and is being distributed to different stakeholders in a way that ensures long-term success for the project.

PENGU is set to officially launch on Solana in December 2024. Eligible participants have 88 days to claim the 

The PENGU token launch has quickly become the most anticipated crypto airdrop for December 2024. Once it goes live, the token is expected to be listed on several major exchanges, making the Pudgy Penguins ecosystem accessible to a much wider investor base.

PENGU tokens will be airdropped to several communities and user bases. The greatest beneficiaries will be holders of Pudgy Penguins and Lil Pudgy NFTs, who will receive 25.9% of the supply. Details on how to claim the airdrop haven’t yet been made public, but interested users can follow Pudgy Penguins’ 

One of the biggest impacts of the PENGU token announcement has been the price of Pudgy Penguins NFTs. The floor price has shot up nearly 70% since the announcement on Dec 6, 2024, reaching a high of 34.8 ETH on December 16, or over $137K. 

Several other NFT collections have also seen an increase in their floor prices, gaining over 50% in the past month, as the total market cap of the NFT sector has 

Whether this bullish momentum can be sustained or not has yet to be seen, but the PENGU token could potentially revitalize the NFT sector and bring interest back to the NFT market.

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PENGU: Dive Into Pudgy Penguins’ Upcoming Token

Bybit Puzzle Hunt is a rewards campaign in which participants collect digital puzzle pieces through trading, deposits and daily activities to win prizes.

Bybit Puzzle Hunt has arrived, transforming everyday crypto trading into an exciting treasure hunt with a huge prize pool at stake. Participants in this innovative campaign can collect digital puzzle pieces through trading activities to win guaranteed rewards.

In this guide, we'll explore the essential steps to participate in Puzzle Hunt, reveal the best strategies for collecting pieces and show you how to maximize your chances of winning valuable token rewards from the prize pool.

 is a rewards campaign in which participants collect digital puzzle pieces through trading, deposits and daily activities to win prizes from massive prize pools. This rewards campaign features different events with various prize pools for you to choose from.

There are a total of three ongoing events:

Following is a detailed breakdown of Puzzle Hunt’s operation and reward mechanics.

Users can collect puzzle pieces through platform activities, such as completing daily check-ins, making deposits and engaging in Spot trading. Each completed task rewards you with puzzle pieces. 

For trading and deposits, rewards are calculated cumulatively. In Spot trading, for example, reaching $200 in volume earns you one piece, $500 earns two pieces and $1,000 earns three. You'll receive all three pieces at once if you achieve $1,000 in trading volume right away.

When you receive duplicate puzzle pieces, you can gift them to other participants. This feature encourages collaboration, allowing users to help each other complete their puzzles faster by exchanging extra pieces they don't need.

Qualify for the lucky draw by completing three consecutive puzzle pieces in any direction (horizontal, vertical or diagonal). With a 100% win rate, every participant is guaranteed to receive rewards from the prize pool. Participants can earn up to three chances in the lucky draw, increasing their opportunity to win bigger prizes.

Complete the entire puzzle and you'll be eligible for the grand prize of 100 USDT per event. This reward is available to the first 500 participants who complete the puzzle.

All puzzle pieces are distributed randomly across different tasks. This randomization adds strategy to the hunt, as you may need to combine various activities and social exchanges to complete your puzzle efficiently.

Bybit Puzzle Hunt offers a range of attractive benefits for participants.

Bybit Puzzle Hunt creates an engaging experience that benefits both casual and active traders. The event's structure ensures that everyone has a fair chance at winning, while encouraging community interaction and regular platform engagement.

 and log into your Bybit account, or if you're new to Bybit, 

 for a free account. Then, ensure your account meets the following eligibility requirements:

: From the available coins, click on the coin’s corresponding 

: Complete daily check-ins on the platform to earn regular piece rewards.

: Make qualifying deposits to your Bybit account. Only net deposits after registration will be counted.

: Engage in Spot trading to earn additional pieces. Trading volumes are calculated cumulatively — $200 earns one piece, $500 earns two pieces and $1,000 earns three.

: Refer friends and multiply your earning opportunities through the referral program.

: Check your puzzle piece inventory for any duplicate pieces.

: Select the duplicate piece you wish to share from your collection.

: Enter your friend's Bybit UID to complete the transfer. Gifted pieces will be automatically added to your friend's collection.

: Monitor your puzzle completion progress in your account dashboard.

: Complete three consecutive pieces in any direction (horizontal, vertical or diagonal) to qualify for the lucky draw.

 regularly for distributed prizes. The 100 USDT grand prize must be claimed manually within five working days after the event concludes.

 to users from specific regions, including Canada, the United States, the United Kingdom and others. Only Main Accounts with completed Identity Verification Lv. 1 are eligible. Institutional users, Market Makers and Affiliates are not eligible for this event.

Love earning rewards while trading? Bybit Puzzle Hunt transforms your regular activities into winning opportunities. Everyone who completes three consecutive puzzle pieces is guaranteed a reward, with up to three chances to win from the random lucky draw.

For traders who enjoy gamified experiences and community interaction, Puzzle Hunt provides a fresh approach to earning rewards. Whether completing daily tasks, trading or exchanging puzzle pieces with friends, each activity brings you closer to potential prizes and the 100 USDT grand prize.

Bybit Puzzle Hunt offers a fresh take on crypto trading rewards. With a gamified approach that combines daily activities, trading and social interaction, everyone can win from huge prize pools. Whether you're an active trader or casual user, each puzzle piece collected means more chances of lucky draw prizes and the 100 USDT grand prize.

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Bybit Puzzle Hunt: Collect Puzzle Pieces & Unlock Big Rewards

Bybit Learn

Wondering what NFT to get next? Take a look at NFL NFTs, the latest sports-related NFTs that are a huge hit amongst NFL fans. Learn more in this article.

These days, it seems like every celebrity, organization and institution is launching an NFT. The National Football League (NFL) has always been at the forefront of American culture, and the league’s leaders know better than to let this latest craze pass by.

In the past few months, the NFL and its players have released several collections of NFL NFTs. In this article, you’ll learn where you can buy these digital tokens, and whether they represent sound additional investments to your digital holdings.

The NFL is far from the only institution that’s been busy minting digital tokens. From other sports leagues, such as the NBA, to cultural centers and nonprofit organizations, groups around the world are capitalizing on the recent NFT craze. 

 including athletes, actors and musicians are also getting on board by purchasing tokens and launching collections of their own. People are quickly accepting that the future will be largely digital, and they're doing what they can to stake a place in the growing virtual marketplace.

NFTs are virtual tokens or products which are owned by a single person and recorded on a 

, which is a decentralized digital ledger. Practically anything that exists in a digital space can be immutably stored on a blockchain, including artwork, ticket stubs, photographs and videos. When someone buys an NFT, their ownership of the product remains recorded on the blockchain. This means that no amount of copying-and-pasting of the image or file can infringe on your ownership.

Still in their early stages, NFTs have produced excitement and controversy in equal measure. Some artists see them as a fair way to profit from their work, and countless traders enjoy the thrill of adding to their collections. Skeptics warn that the notion of digital ownership isn’t philosophically sound — and some even denounce the movement as a ploy among unscrupulous schemers to ensnare the “

.” Amid this enthusiasm and uncertainty, the NFL sees an opportunity to grow its brand.

During its rise to the pinnacle of American sports, the NFL has never shied away from marketing opportunities. By expertly optimizing the NFL fan experience and producing an endless news cycle around the sport, the league has always known how to maintain its fans’ attention. NFTs are providing yet one more way for the league to engage with customers.

Technology has often been at the heart of the NFL’s growth. As more of the world moves toward digital spaces and blockchain technology, the league understands that it can’t be left behind. When the NBA became the first sports league to announce the creation of its own NFTs, the NFL wasted no time following suit.

Any business knows to meet potential customers where they’re at, and the league saw that NFL fans were moving into the metaverse. Executives have spoken of the promising future of blockchain technology, and everyone involved seems eager to explore additional opportunities.

Not even true blockchain experts know what the future holds. What everyone does agree on is that NFTs are no longer a minor phenomenon. Traders around the world are spending serious money on digital products — and that’s the type of dynamic that the NFL couldn’t afford to ignore.

There’s no single collection of NFL NFTs that fans should be after. The NFL has partnered with multiple NFT platforms to produce a diverse assortment of digital goods. The type of NFL NFTs you wind up with will depend on your style of fandom and your relationship with the league.

If you’re a regular attendee at your local stadium, then you might be able to buy NFL NFTs that are made from your tickets. If you’re an avid fan who never misses a single highlight, then you’ll probably enjoy the NFTs made with video clips of specific moments, some of which may even feature your favorite players. Some NFL NFTs are designed to serve as simple examples of digital artwork, while others serve as components of blockchain-based online games.

With all this variety in mind, crypto traders will be aware that there’s not just one place for buying NFL NFTs. To make a purchase you’ll be happy with, do some research (

) beforehand. Once you’ve examined the following platforms, you’ll know which NFL NFTs could best serve your purposes.

 represents the league's principal foray into the world of non-fungible tokens. The league

, a company that specializes in the NFT space and blockchain technology. Dapper Labs had already attracted attention with 

, an NFT collection of basketball-related video clips that delights its fans. Having seen the success of the NBA Top Shot tokens, the NFL wanted a piece of the action. Now, they’ve got it.

The NFL ALL Day collection makes NFL NFTs out of highlights from actual games. The brief digital video collectibles, called “moments,” show best plays from throughout the season. Some of the tokens are much rarer than others, and prices vary accordingly. These clips are almost like physical sports cards of the past, but they correspond to single plays, rather than players. Fans can buy and trade individual “moments” or purchase an entire pack.

The league itself isn’t the only NFL-related entity to get involved with NFTs. In January 2022, the NFL Players Association (NFLPA) 

, a type of 3D dimensional token. Through the partnership, the NFLPA is bringing over 2,000 athletes into the virtual world of the metaverse. This digital breakthrough will give football players another way to make an impact on their fans.

Upland is a platform that maps out the metaverse according to actual geography. People interacting on the platform can play games, make purchases and connect socially. This variety of use makes the platform a gaming hub, a marketplace and a social network at the same time. 

The NFL NFTs on Upland operate in a gamified fashion. People compete for the right to mint or own the digital tokens, and some purchasing events are limited to certain regions. The NFTs are part of the larger Upland metaverse, and users can even store the tokens in their Upland houses. While it’s still too early to tell if the project has staying power, initial sales numbers suggest that fans are intrigued by the model.

. The platform represents a partnership between the NFL, the NFLPA and a company called 

. By combining the best elements of fantasy football with new notions of digital ownership, the project promises to thrill a new generation of fans.

The game itself will allow players to act as general managers, assembling their own rosters of real NFL players. Before the game’s official launch in 2023, fans can add to their digital collections by purchasing associated NFL NFTs. Once 

 is fully up and operating, token holders will receive special access to rewards and virtual events.

 for multiple promotions. Since announcing the agreement in 2022, the NFL has used the platform to 

 related to ticket purchases. Fans who buy tickets to a game are rewarded with a corresponding non-fungible token. For many NFL fans, these digital mementos have provided an exciting way to continue interacting with the league. Almost half of the people who’ve received a token have gone on to interact with the platform, a statistic which demonstrates the model’s promise. In an era where physical ticket stubs are no longer necessary, it seems that many fans still value a memento that reminds them of their experience.

This year, the league released a special set of NFL NFTs associated with the NFL draft. Every year, fans from around the world tune in to see NFL teams select elite college players for their rosters. Now, a select group of mega fans will receive a special token to commemorate the occasion.

NFL NFTs are proliferating quickly, but that doesn’t necessarily mean that they make a good investment. A savvy trader needs to do plenty of research before purchasing a token. In the case of NFL NFTs, which vary greatly from one project to the next, it’s especially important to pay attention to the details.

When analyzing the future of NFL NFTs, it’s worth considering the popularity of sports player cards from generation to generation. Evidently, fans enjoy collecting non-fungible assets associated with their favorite sports and teams. In a digital age, the collectors who once kept binders of physical cards might gravitate toward virtual tokens. This hypothetical trend suggests a bright future for NFL NFTs.

Even if NFL NFTs do become popular, traders should still analyze tokens carefully before making a purchase. Some NFL NFTs will be much more valuable than others. As this marketplace develops, traders will observe which types of tokens best retain their value. Perhaps the tokens tied to tickets will prove most valuable, or maybe the assets tied to blockchain-based games will attract more attention. By carefully observing the complicated network of trends, you can place yourself in a position to make intelligent choices.

For rabid NFL fans, NFL NFTs provide additional ways to interact with their heroes and favorite teams. For crypto traders who are primarily interested in increasing the value of their digital holdings, some NFL NFTs will be much more promising than others. Whatever happens in the coming years, we can expect the NFL to expand its presence in the digital sphere. After all, it's the endless pursuit of attention that first turned the league into such a cultural behemoth.

NFL NFTs: What They Are & Where to Get Them

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards