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

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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 

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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

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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

Options

Trading

Strategies

Learn to buy the dip with limited risk during a bear market with these three options strategies – Cash-Secured Put, Bull Put Spread, and Synthetic Long.

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If you’re waiting patiently for the start of the next crypto bull market, you're not alone. 

 are frustrating for traders. But identifying when a 

 ends and a new bull market begins can reap huge rewards. And at Bybit, your rewards will get multiplied with options events like the 

Before we dive into how to benefit when prices rise, it's important to understand what a bear market is. Simply put, it's a prolonged period of downward price movements in the market. Bear markets are not new to crypto. We've seen several over the years. All of which offered investors a great opportunity to buy ahead of the bull runs that followed. 

, here are three options strategies you should consider: 

 Low — as long as you intend to buy the underlying crypto asset

You want to buy a crypto asset at a discount

Time-decay works in your favor (positive Theta). Benefits from falling implied 

It’s a simple options strategy where you sell a 

 on a cryptocurrency that you want to own, but only if the price drops to a certain level.

Here’s how it works: First, you select the “strike price” of the put option you wish to sell, which is the same price you're willing to buy the crypto asset. Next, choose the contract's expiration date. 

In return for selling the put, you receive a premium from the buyer, which varies depending on the length of the contract and how close the strike price is to the current asset price. Longer-dated options have 

premiums than shorter-dated options. And put options 

to the current market price have higher premiums than those further below.

 the strike price at expiration, you buy the underlying asset. And if the crypto is 

 the strike price when the contract expires, you keep the premium as profit.

One thing to keep in mind is that with this strategy, you must want to own the crypto at the strike price, and have enough cash to buy it if the price is below the strike price at expiration. That's why it's called "cash-secured."

BTC is trading at $20,000, and you're keen to buy it if the price dips below $18,000. You might set up a cash-secured put expiring in 30 days, that looks something like this.

Sell 0.50 BTC $18,000 put option, receiving a premium of $200 ($200 x 0.5 = $100 credit).

Breakeven point: Short put strike - premium received

You should note that Bybit's crypto options contracts are cash-settled and exercised automatically if they expire in the money, meaning no physical transfer of BTC takes place. Instead, at expiration, your account is credited or debited the profit or loss realized on the option trade.

To complete this strategy, if the short put expires in the money, you must buy spot BTC using the cash you set aside for the purchase. Luckily, Bybit currently offers 

Overall, the cash-secured put option strategy is useful for generating income and potentially buying crypto at a discount. Just make sure you fully understand the risks before implementing this strategy in your portfolio.

Benefits from time-decay (positive Theta), and falling implied volatility (negative Vega)

 is a slightly more advanced options strategy that involves trading two options on the same underlying asset with the same expiration date.

 a put option at a strike price below the current price of the underlying asset. Then, 

The short put is closer to the underlying asset, so it will have a higher premium than the long put, meaning you’ll receive an upfront payment for making the trade. The difference between the premium you receive for the short put and the premium you pay for the long put is your net credit, which is also the maximum potential profit.

 the strike price of the short put option at expiration, you'll keep the net credit as profit. You incur a loss if the underlying asset is 

 the short put by more than the received net credit. The maximum loss occurs if the underlying asset is below the long put at expiration.

Sell 0.50 BTC $19,000 put option, receiving a premium of $500 (0.50 x $500 = credit of $250)

Buy 0.50 BTC $18,500 put option, paying a premium of $225 (0.50 X $225 = $112.50)

Max loss: $387.50 (short put strike - long put strike + net credit)

Breakeven point: $18,887.50 (short put strike - net credit) 

The synthetic long is a high-risk, high-reward bullish options strategy that combines a long call and a short put at the same strike price to help you profit from a rise in the price of an underlying asset without actually owning it.

To set up this strategy, buy an at-the-money 

 at the same price as the underlying asset, and sell an at-the-money put option with the same expiration date to mimic a long position in the underlying crypto asset.

The synthetic long has unlimited upside profit potential above the strike price of the long call and considerable loss potential below the short put. For this reason, it's best suited to intermediate-level options traders with high risk tolerance.

The advantage of this strategy is that it requires less of your buying power than buying BTC outright. 

BTC is trading at $20,000, and you predict it will be above $20,000 in one month. Rather than buying BTC outright, you decide on the following low-cost synthetic long strategy, expiring in 30 days:

Buy 0.50 BTC $20,000 call option, for a premium of $500 (0.50 x $500 = $250 debit)

Sell 0.50 BTC $20,000 put, receiving a premium of $500 (0.50 x $500 = $250 credit)

Breakeven point: BTC price at the time of trade +/- cost.

In this example, the premium paid and the received premium are the same, meaning the cost of the trade is zero (+ transaction fees).

With these three options strategies, you’ll be well-equipped to buy the dip with less risk in the bear market on the Bybit Options market

For beginners, using cash-secured put will help you get paid for buying crypto at a discount or making money if the dip doesn't materialize. The key to this strategy is selling a put option at a price you are happy to buy the underlying asset.

If you're looking for a low-risk bullish strategy with a high chance of profit that won't eat up your buying power, the bull put spread could be a perfect choice. To increase your chance of profit, choose strike prices you expect to expire worthless.

For advanced traders with a big appetite for risk, the synthetic long offers a flexible alternative to buying crypto outright. The beauty of this strategy is that you may even get paid for using it.

Buy the Dip With Limited Risk on Bybit During This Bear Market

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards