Big moves for $SOLO as its perpetuals are now live on Bybit. Traders can now leverage SOLO/USDT trading pairs, allowing for more precision and confidence in their trades. 

Daily Top Performer —  Peaq Network (PEAQ)

The S&P 500 was closed on Wednesday. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.44%, with Bitcoin and Ether rising by 1.26% and 0.41%, respectively in the past 24 hours.

Today's top performer is PEAQ, which surged 33.8% after the announcement that Peaq Surpasses L2s in 2025, Driven by DePIN and Machine Economy Growth.

Peaq Network (PEAQ), launched in November 2024, is a Layer 1 blockchain for DePINs and Machine RWAs, hosting 3M+ devices, 50+ projects, and $1B+ in value. According to Messari, Peaq, with a $2.1B FDV in 2025, 

 by leveraging L1 valuations, DePIN, RWA, and AI narratives. DePIN rises to a top-3 sector, fueled by the Machine Economy and real-world AI agents.

Check Out the Latest Prices, Charts, and Data of 

. Traders can now leverage SOLO/USDT trading pairs, allowing for more precision and confidence in their trades. This launch opens up new opportunities for trading with leverage on the platform.

Yesterday, the Bitcoin Spot ETF market was closed for the holiday.

 details for the $SONIC TGE and airdrop. Eligible participants include Sonic testnet users and Sonic AVS delegators. The eligibility checker opens on January 3rd, 2025, and the TGE launch is on January 7th, 2025. A total of 2.4 billion $SONIC tokens will be issued, with 7% reserved for the airdrop. The snapshot for the airdrop was taken on December 31st, 2024.

Beginner

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$SOLO Perpetuals Go Live on Bybit, Unlocking Leveraged Trading Opportunities

Moonray, a futuristic action role-playing game built on the Cardano blockchain, features multiplayer combat and collectible NFTs. Learn more about it here.

 (MNRY) is the subject of the latest buzz in blockchain gaming, with its thrilling post-apocalyptic arenas and immersive gameplay. This futuristic, action role-playing game (RPG) built on the 

 blockchain combines intense multiplayer combat with the power of 

 and decentralized ownership. In this article, we’ll delve into 

s origins, gameplay mechanics and tokenomics, and analyze the potential of the MNRY token as an investment. 

, a futuristic action role-playing game built on the Cardano blockchain, features multiplayer combat and collectible NFTs. In this 

 game, players engage in team battles and melee combat for a chance to earn NFTs and tokens. 

 is the brainchild of Moonray PBC, a game developer founded by 

. The Moonray PBC team envisioned an RPG that would provide a unique and immersive gaming experience by combining traditional gameplay with 

. The idea is to promote digital ownership and decentralized experiences, giving players more control and involvement within their gaming. 

In March 2022, select players began testing the game on PC, paving the way for the alpha version's release on the Epic Games Store in July 2024. Since its inception, 

 has secured $10 million in funding, with backing from major players like Animoca Brands and Polygon Ventures.

 seeks to tackle challenges to the mass adoption of blockchain games by delivering a more immersive, rewarding and sustainable gaming experience with the following features:

s third-person multiplayer combat game immerses players in a surreal, post-apocalyptic sci-fi universe. Initially, it was being developed on 

 network, with a core focus on fighting and role-playing elements. However, the game has since shifted to a competitive multiplayer combat arena format and moved to the Cardano blockchain to better meet its infrastructure needs.

s gameplay consists of intense, fast-paced arena battles that blend melee and ranged combat. Players can master an array of weapons, from agile sabers and powerful cleavers to precise blasters and explosive cannons. Each weapon comes with its own unique combo sequences and special moves, challenging players to think strategically and time their actions perfectly. A novel dynamic movement system features a grappling hook that allows players to traverse environments swiftly, escape danger or gain tactical advantages during combat.

The game’s integration of blockchain technology introduces game-changing innovation. Since players can truly own their in-game assets as NFTs, they can mint, collect and trade items on platforms such as 

 also incorporates token-based wagering, further heightening the stakes by giving competitive players the opportunity to bet tokens on matches. 

 is set in a vividly rendered sci-fi world filled with dynamic environments and interactive elements. Players can confront environmental hazards, upgrade characters and personalize their experience with customizable skins and weapon enhancements. This granular attention to detail enhances the game’s immersive quality, giving every battle a uniquely engaging feel.

 benefits from scalability, low transaction costs and a secure infrastructure, ensuring a smooth and efficient gaming experience for all participants.

 mode, players are thrust into a chaotic, free-for-all battle in which the goal is simple yet exhilarating: eliminate as many opponents as possible. Up to eight players compete in a high-stakes, fast-paced environment, each vying for the top spot by scoring the highest number of eliminations before the clock runs out. This mode emphasizes quick reflexes, sharp strategy and adaptability, as players try to outgun their opponents while navigating the dynamic battlefield with precision. 

In Team Deathmatch mode, players form teams of four (4v4) and collaborate to defeat rival teams in intense, tactical battles. Unlike the free-for-all chaos of Deathmatch mode, Team Deathmatch places a premium on teamwork, communication and strategic planning. In order to succeed, players must coordinate their movements, synchronize attacks and support one another on both offense and defense. Every member’s role becomes crucial as the team works together to outmaneuver the opposition and secure victory. 

Objective-Based modes shift the focus from simple elimination to completing specific tasks that demand both combat prowess and strategic coordination. Teams must work together to accomplish objectives, such as capturing key points, securing specific areas or completing missions within a set time frame. Success in these modes takes more than simply fighting, requiring careful tactical planning, precise timing and seamless teamwork. Players must balance offense with defense in order to control critical objectives — while preventing the opposing team from doing the same. 

 has achieved several key milestones since its inception:

 standard. It’s used to purchase battle passes, unlock in-game assets and participate in tournaments and prize fights. Players can also use MNRY to create NFTs from in-game assets and trade them on marketplaces. MNRY tokens are also required for 

 to participate in governance through the Moonray DAO.

The total supply of MNRY is capped at 1 billion tokens, with no further issuance planned (in order to maintain scarcity and value). Token distribution is as follows:

 $0.1168 and $0.1716 by the end of 2024, with an average price of $0.1421. By 2025, it could reach a high of $0.3121, and by 2030 it’s projected to peak at $0.3001.

Analysts at DigitalCoinPrice offer a slightly more optimistic outlook, 

 $0.22 by the end of 2024 and climb to around $0.27 by the end of 2025. By 2030, they estimate the token could soar to $0.83.

Looking to trade the MNRY token? Bybit now offers the MNRY/USDT Spot trading pair. To get started, you’ll first need to sign up for a Bybit account, then fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding 

 in which you can earn a share of a 5,000,000 MNRY prize pool. In addition, collect puzzle pieces in the 

 adventure to win from another 5,000,000 MNRY prize pool.

MNRY presents a promising investment opportunity, thanks to its strong utility within the 

 ecosystem, where it’s used for in-game purchases, NFTs and staking for governance. The game’s solid backing (including $10 million in funding and strategic partnerships), coupled with its blockchain integration for true asset ownership, provides a compelling foundation. 

Additionally, the MNRY token’s finite supply and growing market projections indicate potential value appreciation. However, as with any investment, consider the risk involved, especially given the volatility of the gaming and cryptocurrency sectors.

s MNRY token and innovative gaming model are bridging the gap between traditional gameplay and blockchain technology. The game presents a fresh frontier for both players and investors, unlocking exciting opportunities for those who believe in the future of decentralized gaming. Whether you’re diving into the game’s action as a player or exploring it as an investment, 

 is definitely a project to watch, and its post-apocalyptic battlegrounds are ready. Are you prepared to claim your victory?

Intermediate

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Moonray (MNRY): Battle for Rewards in a Post-Apocalyptic Arena

SUI DeSci Agents has introduced a platform designed to make longevity research investments accessible to the public, tapping into the expanding DeSci sector. 

Daily Top Performer —  Morpho Protocol (MORPHO)

The S&P 500 surged 23.3% in 2024, achieving its best two-year gain (+53.19%) in over 25 years, fueled by AI, Fed rate cuts, and economic growth. High U.S. yields tempered the year-end rally. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.19%, with Bitcoin dropping by 0.84% and Ether rising by 0.84%, in the past 24 hours.

Today's top performer is MORPHO, which surged 18.0% following the announcement of Morpho's 2025 plans for expansion, improvements, and DeFi innovation.

Morpho Protocol (MORPHO), launched in 2021, is a decentralized Ethereum-based lending platform that improves crypto lending via a P2P order matching system. It offers customizable lending markets and Morpho Vaults for different risk levels. After debuting Morpho Optimizers for Aave and Compound in 2022, Morpho Blue was introduced in 2024 for flexible lending. Morpho Labs continues to develop Morpho while supporting its original products. In 2025, Morpho 

 to expand to multiple EVM chains, enhance user and developer experience, serve as the backend for widely distributed financial products, offer top risk-adjusted rates in DeFi, and contribute to improving DeFi overall. Exciting developments are ahead.

SUI DeSci Agents has introduced a platform designed to make longevity research investments accessible to the public, tapping into the expanding DeSci sector. The platform allows users to invest in tokenized longevity compounds such as Epitalon and Rapamycin, with AI-powered promotion and Layer-2 liquidity solutions. The DeSci space is gaining momentum, supported by influential figures like Vitalik Buterin and Brian Armstrong of Coinbase. SUI DeSci Agents seeks to be at the forefront of this movement by broadening investment opportunities and fostering innovation in decentralized science.

Yesterday, BTC Spot ETFs recorded a net inflow of $28.8 million, driven by $38.4 million from non-GBTC funds, partially offset by a $9.6 million outflow from GBTC.

 staking with a 1-day lockup period, offering HYPE rewards and potential eligibility for a second airdrop. Stake via the platform by transferring tokens to your staking balance. New users can trade to qualify for the airdrop.

SUI DeSci Agents Pioneering Accessible Longevity Investments in the Growing DeSci Sector

The ai16z project is considering launching an AI-focused layer-1 blockchain, with its native token, $ai16z, as the base currency. 

The S&P 500 dropped 1.07% but ended 2024 with a 27% gain, fueled by rate cut expectations, strong earnings, and AI investments led by Palantir and Nvidia. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.10%, with Bitcoin rising by 0.57% and Ether dropping by 0.85%, in the past 24 hours.

Today's top performer is SXP, which surged 23.9% following the announcement of Solar's 2024 milestones, including Core 5.0, Solar Card, gaming expansion, and strategic growth.

Solar (SXP), launched in March 2022, is a Layer 1 blockchain with PoS, DAO governance, SXP payments, and efficient token and DApp creation. Upcoming features include the Solar Metaverse and Launchpad. In 2024, 

, including launching Solar Core 5.0 with EVM support, advancing the global Solar Card, and expanding into gaming with tymt's platform and the FoxBox Web3 console. BrighterVPN gained traction with planned crypto wallet integrations, while a 4,000m² hub in Sweden was acquired to foster innovation and community growth, setting the stage for a strong 2025.

 launching an AI-focused layer-1 blockchain, with its native token, $ai16z, as the base currency. The platform would enable the launch of AI agents and use a flywheel tokenomics model involving agent token offerings, liquidity pools, and node incentives. Since its October launch, $ai16z has gained significant market capitalization, with the project already managing an onchain liquidity pool and leveraging AI agents for investment decisions. The project envisions AI agents playing a central role in decentralized communities. Additionally, Bybit has launched the 

, offering up to 50x leverage for trading the $AI16ZUSDT pair in partnership with ai16zdao.

Yesterday, the BTC Spot ETF data showed a total flow of -$378.6 million, with GBTC experiencing a flow of -$134.5 million and non-GBTC assets seeing a flow of -$244.1 million.

 is confirmed for February–March 2025. To improve your chances, participate in the "Optimism Superchain x Layer3" quest, which runs until January 13, 2025. Active, consistent usage of superchains (2–3 times a week) is key for top-tier eligibility. L3 tokens are needed to claim rewards, but ETH fees can be used instead.

ai16z Plans AI-Focused Layer-1 Blockchain and Launches $AI16Z Perpetual Contract with Bybit

Options

Put options are excellent tools for hedging and speculation. They have high potential for profit and can help you tide through severe price fluctuations.

Financial markets have been abuzz with activity since the 17th century. While they’re a great place to make profit, the risk of losing money is also very real. Multiple asset classes are available for trading: Among them, options are considered a relatively low-risk investment. Traditionally, stock options are traded, but it’s hard to ignore 

, given the boom of cryptocurrency in the past few years.

While options can be tied to any asset (e.g., stocks or bonds), crypto options are specifically tied to the performance of crypto assets. As a result, a trader doesn't need to own an asset before buying or selling the option for it. With crypto options, investors of any portfolio size can participate in the crypto market and reap its benefits.

 that confer upon the trader the right (not the obligation) to

 an underlying asset at a specified price or 

 after the premium is paid. An options contract usually lasts for a specific time period, within which the option must be exercised. This contract lapses on a particular date, known as the 

Crypto options trading is a way for options holders to be part of the crypto market without necessarily owning the crypto itself. Not only are crypto options cheaper than their underlying assets, they’re also perceived to be less risky. The low level of risk involved and high leverage potential are arguably the biggest draws for retail traders.

Apart from giving traders a way to predict or speculate on the financial value or price movements of assets in the market, options are also used by institutional investors for 

, crypto options have become a popular alternative for investors looking to get a slice of the crypto pie.

Crypto put options are contracts that confer upon the option buyer the right (but not the obligation) to 

a specific amount of an underlying asset at a predetermined price within a particular time frame. The predetermined price is known as the 

“Expiration time” refers to the time frame within which the options contract is still valuable. Once the expiration time has passed, the put option loses all its value.

Various underlying assets like stocks, bonds, indexes and futures can be traded using put options, by which the seller determines how the contract is run. The options buyer is required to pay the seller a specific fee on each share in order to purchase the contract. This fee is known as the 

, and it represents one of the same underlying assets. For example, one crypto option contract on BTC would be the same as controlling 1 BTC token. You do not have to own the underlying cryptocurrency to buy or sell put options. 

A crypto put option — the opposite of a crypto call option — confers upon the user the right to sell an underlying stock at the strike price before the expiration date is reached. Several factors affect the price of a put option, including (but not limited to) the volatility of the crypto market, interest rates, time decay, and the value of the strike or specific price.

Generally, the value of a put option increases with a drop in the price of the underlying asset.

A portion of a crypto put option’s value is tied to a fall in the price of the underlying stock. This means that the value of a put option increases with a decrease in the price of the underlying asset. A put option begins to lose value with a rise in the price of the asset to which it is tied. Following this, put options are used for hedging, or predicting a downward slope in the price of specific assets.

 is one used by put options traders as a risk management strategy. The main function of a protective put is to make sure that the drop in the price of a particular asset doesn’t fall below a set level. You can decide to sell or buy a put option, and the transaction is carried out on a 

When buying a put option, the buyer predicts that the value of the asset will drop over a specified time frame before the expiration date. When selling a put option, the seller speculates that the value of the asset will rise or remain unchanged during the valid period of the contract, or before the option expires.

If the market price moves in favor of the options holder, they can decide to exercise their put by selling the underlying asset at the strike (or set) price. Fundamentally, options can be divided into two types:

American-style options allow the holder to exercise their option on or before the expiration date, while European style options only allow the holder to exercise their options on the date of expiration. If the market price remains the same or increases, the options sellers get the premium paid by the buyer.

A put option is said to be OTM (out of the money) if it has no intrinsic value at expiration. 

, it is said to be ITM (in the money) if it still has intrinsic value at expiration.

Crypto Put Options vs. Crypto Call Options

Other than put options, the other main type of option is the call option, which increases in value as the price of the asset rises. Call options are the opposite of put options, but both types give holders the chance to earn a profit much higher than their investments.

A put option benefits from a decline in market price, while a call option benefits from a rise in the market value of the asset.

Selling both a call option and put option attracts a premium. In the event that the crypto market takes an unfavorable turn, the seller bears all the risks involved.

Let’s say that Sandra, an investor, decides to buy a Bitcoin put option as a form of insurance over her position in Bitcoin. After a while, she speculates that a 

 is near, and she isn’t ready to forfeit more than 10% of her long position in Bitcoin. 

Let’s assume Bitcoin is currently trading at $30,000 per coin, and Sandra purchases a put option that will give her the right to sell it at $27,000 within the next 2 years.

If, within 6 months, a 20% (500 points) loss is recorded, Sandra will have recovered 250 points simply by being able to sell at $27,000, rather than the current market price of $24,000, which is a loss of only 10%. Even if the market crashes to $0, Sandra will still only record a loss of 10%.

Conversely, if the market doesn’t drop within this time frame, Sandra can decide to let the put expire. If she does so, she will only lose the premium fee.

Buying and Selling Puts: Strategies and Examples

This is a popular strategy used by traders. Here, the trader buys a “going long” put option in the hope that the 

market price will fall below the strike price at expiration

. The benefit of this strategy is that in the event of a drastic price reduction, the trader can get back many times their initial investment.

Stock Q trades for $30 per share, with a strike price of $30 with 4 months to expiration. The premium is $1 per share.

If, at expiration, the share price is $29, the put breaks even. If it is between $29 and $30, a net loss is recorded, as only a part of the option’s premium is recovered. 

If the stock falls to less than $29, the trader gains $100 for every share they own. The lower the price, the higher the gain recorded by the trader. If the stock rises above $30, the put is rendered valueless, and the trader loses the option premium of $100.

This is simply the opposite of the long put. Here, the trader sells a “going short” put in the hope that the asset price will 

rise above the strike price at the point of expiration

. The seller of the put earns a premium in exchange for selling the put. This premium is the highest reward that can be obtained for trading a short put. If the asset price falls below the strike price, the trader is obligated to buy it back at the strike price.

If stock A is trading at $40 per share, with a strike price of also $40 with 5 months to the expiration date. The premium is $1 per share.

If, at expiration, the share price is below $39, the put costs the trader $100 for every dollar loss. The lower the stock price, the greater the loss incurred by the trader. If the stock price rises above $40, the seller earns the full premium. If the market price falls between $39 and $40, the seller earns only a part of the premium.

This is simply an upgrade of the long put. In this case, the trader buys both the underlying asset and a put option. This is a hedging technique. The trader expects the asset price to soar, but still wants a form of insurance in case the stock price declines. If the stock price actually declines, the long put covers the loss incurred.

Stock P trades for $30 per share, with a strike price of $30 with six months to expiration and a total premium of $100. So, the trader buys 100 shares of P for a total of $3,000 and one put option for $100.

If at expiration, the share price is $29 or $30, the put breaks even, resulting in a net loss, as only a part of the premium is recovered. If the share price drops below $30, the long put covers the loss evenly. If the share price rises above $31, the net gain increases by $100 for every corresponding gain in price, although the put becomes valueless, and the trader loses the premium fee they paid.

This strategy is very popular in options trading. The 

 is typically used when the call trader or call writer speculates on an increase in the future price of an underlying asset.

The key to using this strategy is to sell higher and buy lower. Simply put, you sell a put option with a higher strike price, and then buy another option with a lower strike. However, both options must have the same expiration date. 

Although the risks involved here are minimal, they do still exist. If, at expiration, the asset price moves below the strike price, a loss will be recorded, as the two put options will be ITM.

For instance, an institutional investor guesses that the price of Bitcoin — selling at, say, $20,000 per token — will increase within a month.

The investor can sell one put option for a $3,000 premium fee, with a strike price of $25,000 expiring in one month, and buy another put option for a premium fee of $1,000, with a strike price of $22,000, set to expire in one month.

Following this example, the investor gains a net profit of $2,000. The net profit is calculated as the difference between the two premium fees paid for the two options ($3,000 − $1,000 = $2,000). 

Conversely, if the price of Bitcoin falls between the strike prices of $20,000 and $25,000 per token at the date of expiration, the institutional investor will record a loss. 

The final price has an impact on the value of the investment. Here are the different possible scenarios (capped at a $3,000 loss and a $2,000 gain.)

is applied when an investor predicts a decline in the price of an asset.

This strategy aims to reduce cost and risks, while also ensuring that the investor makes as much profit as possible.

To use this strategy, the investor first purchases a “buy put” option, after which they purchase a “sell put” option with a lesser strike price. For this to work, both options must be tied to the same underlying asset, and have the same expiration date.

For instance, stock Q is trading around $350 and is bought at a $3 premium, with a total cost of $300 (100 x $3 = $300). A trader could buy it while also selling another put option at $330 at a $1 premium, with a total cost of $100 (100 x $1 = $100). The two options should, however, be executed simultaneously.

The option is calculated in spreads. The net debit spread is $2 (the price difference between the options, $3 - $1 = $2). The highest loss that can be incurred is the premium fee of $200 (i.e., $300 − $100 = $200).

By buying a put option and selling another, the trader spends $200 instead of $300 (from buying the $350 put alone). However, the profit potential is limited to [($350 - $330) x 100] - $200 = $1,800. 

Should I Buy Puts In-the-Money (ITM) or Out-of-the-Money (OTM)?

Deciding to buy puts in-the-money (ITM) or out-of-the-money (OTM) is entirely dependent on your specific investment objectives, the level of capital at your disposal, your risk appetite and the interest rates. The price for ITM put options is higher than that of OTM put options. This is because ITM put options have a lot of intrinsic value, and confer on options traders the right to sell underlying assets at higher prices. However, the lower cost of out-of-the-money puts is due to the fact that they’re likely to be less profitable at expiration.

How Is Crypto Put Option Trading Different from Traditional Put Option Trading?

Traditional put trading requires the trader to own the underlying stock or asset to be 

 contrast, in crypto put trading, the options trader is not obligated to own the particular asset before being able to sell or buy the option.

Traditional options require the holder to have a minimum trading fund, which is usually on the high side: The higher the fund, the higher the position held. However, with crypto put trading, options holders can acquire higher leverage positions with a small amount of capital. 

Alternatives to Exercising a Crypto Put Option

A put option buyer isn’t obligated to hold a put option until it reaches expiration. As changes in the price of the underlying asset are recorded, the options premium fee will also be adjusted to reflect the reality of the current changes in price. The options buyer may decide to sell off their option in the options market. This is done in a bid either to make a profit, or minimize a loss. The outcome of this depends on the price variations recorded from the initial time of purchase.

Similarly, an option writer can perform the same action. If the asset records a higher price over the strike price, they may decide to leave it to expire. Doing so will ensure that they keep the entire premium. On the flip side, if the underlying asset fails, and its price drops lower than the strike price, the holder may decide to get out of their position by buying back the option to bypass making a loss. The profit or loss is calculated as the difference between the premium received and the premium paid to exit the position.

Crypto options are a derivative product that can be traded on Bybit. As of this writing (May 27, 2022), BTC options are available on the platform. Follow the steps below to get started.

Pick the desired expiration date, or show all the expiration dates at once, and then pick one.

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

Review the details of the options and select the one you want to buy, either by price or action (buy or sell).

Put Options: Effectively Manage Price Risk With This Tool

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards