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

How does a crypto call option work, and how is it different from a crypto put option? Discover the pros of crypto call options and what makes them so appealing.

Traditional financial markets have been in existence for a long time, with assets such as stocks featuring as their key products. In recent years, however, 

 has made a significant impact on the finance scene, and is shaping up to be quite the competitor to traditional finance products.

, which allow traders to participate in the burgeoning cryptocurrency market without having to own any crypto themselves. Users can profit from the rise or fall of these options, which are tied to the performance of crypto assets.

Crypto options are financial tools that confer upon an options owner the opportunity (though not the obligation) to buy or sell an underlying asset at a predetermined price 1) before the option reaches expiration, or 2) after a premium is bought. 

The two most common types of crypto options are 

 are currently the two largest projects by 

Although wildly popular, it’s no secret that the crypto ecosystem is plagued by 

. Amid mounting interest in cryptocurrency, an increasing number of people are exploring crypto options as an alternative means to trading this volatile asset class.

Crypto options cost much less than the assets themselves, and come at a lower risk level than other asset classes. The perfect solution for trading digital assets, options give traders the opportunity to speculate on the future value of an underlying asset’s price, which can then be paid for in fiat or cryptocurrency. Investors also use 

Before we proceed further, let’s take a look at a few key terms.

“Strike price” can also mean the price below which a buyer is not permitted to buy an option (for put options). In simple terms, it’s the price at which a seller is permitted to sell an underlying asset.

Typically, the value of options is tied to the performance of the underlying asset to which they’re attached. As mentioned earlier, crypto options are tied to the performance of crypto assets.

A crypto call option is a contract or tool that confers on a person the choice (rather than the obligation) to buy a specific asset at a preset price, on or before a certain time frame (known as the 

To buy a call option, the buyer must pay the seller a “premium fee.” Each crypto options contract is made up of one cryptocurrency, bought at a predetermined price. You don’t have to own the particular underlying asset before you can buy or sell its corresponding call option. It should be noted that this period of transaction lasts only for a specified time frame, as the buyer ought to exercise their call on or before the expiration date. 

If you predict an increase in the market share of an option, you can decide to buy the call option instead. If the stock booms and the current value surpasses the strike price before reaching the expiration date, it would result in a profit. 

If, on the other hand, the stock price records a decline, the buyer allows the call option to expire and the only loss is the option’s premium fee.

 permit their holders to use or exercise the option anytime before the date of expiration. On the other hand, 

 can only be exercised on the date of expiration.

An options contract is usually a transaction that takes place between two parties: The options trader and the cryptocurrency exchange.

Suppose the market price of a particular option is $90. The buyer holds a call option with a strike price of $70 at a premium fee of $5. 

The option has intrinsic value and is said to be “in the money” (ITM) because, at expiration, the buyer can buy 100 shares at $70, instead of the current market price of $90. 

Intrinsic Value = Price of Underlying Asset - Strike Price

. This simply implies that the option has an intrinsic value of $20 per share.

Similarly, the call option is referred to as “out of the money” (OTM) if it possesses no intrinsic value at expiration.

Going by the above example, if the same stock price drops to $50, it would hold no intrinsic value, as no buyer will purchase for $70 when the market’s current price is $50. This renders the option valueless. The call seller only gets the premium paid ($5).

Aside from ITM and OTM, there’s a third possibility called “at the money” (ATM). 

An asset is said to be ATM when both the present market price and strike/fixed price are equal.

Major examples of crypto call options include Bitcoin call options and Ethereum call options.

Bitcoin call options are financial derivative products that confer the right, rather than the obligation, to buy or sell Bitcoin at a specified price. Even though a premium is paid before purchase, BTC call options are much less expensive and riskier than ownership of the crypto itself. Ethereum call options function more or less in the same way.

Suppose the underlying price of a BTC option is $19,800. The buyer holds a call option with a strike price of $19,500, at a premium of $1,000.

ntrinsic Value = $19,800 - $19,500 = $300. 

Going by the above example, if the price of BTC drops to $19,000, it would hold no intrinsic value, as no buyer will purchase for $19,500 when the market’s current price is $19,000. This renders the option valueless. The call seller only gets the premium paid ($1,000).

Crypto Put Options vs. Crypto Call Options

Aside from call options, there’s another set of equally popular options/trading derivatives known as put options. The put option confers upon a buyer the right to compel the seller of the put to buy shares of a specific or underlying asset from them at a set price (strike price).

 is held with the hope of a decline in the market price of the crypto (to a value lower than the strike price.) 

Call options are typically the opposite of put options. Here are some similarities and differences:

Should I Buy Calls In the Money (ITM) or Out of The Money (OTM)?

Both ITM and OTM methods come with their own set of benefits and disadvantages: Strictly speaking, neither one is preferable. Instead, both options and their different strike prices are part of the options chain, which includes several categories of traders, and option techniques or strategies.

The decision to purchase options ITM or OTM falls fully on you, so your choice should be guided by your prediction of the underlying security (whether its value will fall or rise). Additional factors include your current financial situation, and what you hope to accomplish at the end of the day (are you looking to actively trade, or are you in it for the long run?).

Crypto Call Options vs. Traditional Call Options

The volatility of the crypto options market can be both advantageous and disadvantageous to traders. If the market moves in favor of the options trader, they have the opportunity to profit handsomely from the difference between the strike and crypto price. On the other hand, if the market goes against the options trader, they suffer a significant loss.

Alternatives to Exercising a Crypto Call Option

Apart from call options, a trader can opt for either a futures or perpetual contract.

Options typically let you purchase an underlying crypto at a different price from the actual market price. You may also decide to buy or sell the asset. Using a futures contract, however, a user is compelled to perform this action. Simply explained, if the market doesn't move in favor of a futures contract, it will automatically be closed on the expiration date. This is done through the use of smart contracts. 

Perpetual futures contracts (European-style options) typically have no expiration date, and traders can close their positions anytime. They can do so when they feel like they’ve made enough profit, or liquidate their positions if the market doesn't go according to their speculations. 

Crypto options are a derivative product that can be traded on the 

Follow the steps below to start trading crypto call options.

Visit the official Bybit website and select 

Select the desired expiration date (or show all the expiration dates at once)

Choose the type of option you want to buy (in this case, 

Select the details of the option you want to buy, either by price or action (buy or sell).

. A confirmation tab will appear on the right side of your screen. 

Ensure that the information entered is correct, and select 

Crypto options provide a way of participating in the crypto market without having to own crypto itself. While trading crypto options can be risky, they can definitely be a viable investment … with a clever combination of strategies and techniques in place, of course.

As cryptocurrency is gaining attention, it’s predicted that a boom will occur in the use of crypto options — and it’s not a matter of 

Call Options: A Cost-Efficient Way to Earn on Your Assets

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards