Vitalik Buterin outlined his vision for Ethereum’s future in a blog post detailing “The Surge” roadmap, aiming to boost the blockchain's capacity to over 100,000 transactions per second (TPS) through layer-2 scaling solutions while maintaining decentralization and security.

The SPX index was down by 0.02% as investors are focusing on upcoming earnings reports and central bank updates, while markets remain cautious ahead of the November election and Federal Reserve meeting. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.34%, with Bitcoin and Ether dropping by 1.40% and 0.81%, respectively in the past 24 hours.

Today's top performer is TOMI, which surged 28.0% following the Tomi AMA highlights on Web3 search, product updates, and the vision for a decentralized internet.

tomiNet (TOMI), launched in 2023, is a decentralized internet network offering a private, censorship-free browsing experience with a decentralized browser and DNS. It operates through a decentralized autonomous organization (tomiDAO) where users vote anonymously on content management, blending Web 2.0 and Ethereum's Web3 technologies. 

 highlighted a partnership with Web3 Compass to improve Web3 search. Key updates include tomi Wallet 2.0, decentralized storage, a VPN, and AI integration via PAAL AI. The team explained their tokenomics and focus on partnerships, aiming to build a secure, user-friendly decentralized internet.

Check Out the Latest Prices, Charts, and Data of 

Vitalik Buterin outlined his vision for Ethereum’s future in a blog post detailing “

” roadmap, aiming to boost the blockchain's capacity to over 100,000 transactions per second (TPS) through layer-2 scaling solutions while maintaining decentralization and security. The roadmap focuses on merging sharding and layer-2 protocols, with rollups processing most transactions off-chain to enhance efficiency. Buterin emphasized the importance of balancing the scalability trilemma—decentralization, scalability, and security—while ensuring that layer-2 solutions inherit Ethereum's core principles. He also mentioned recent advancements like EIP-4844 data blobs to improve data handling. The next major upgrade, Pectra, is set for early 2025, enhancing scalability and staking rewards.

Yesterday, the total flow for BTC Spot ETFs is $161.5 million, with $45.7 million from GBTC and $115.8 million from non-GBTC sources.

, with an airdrop to 491,286 wallets. The token, based on Solana, has an initial circulation of 1.8 billion out of a 10 billion max supply. Recipients can claim 50% at TGE, the other half after six months, or 80% upfront with a 20% penalty. Trading began at $0.03, targeting a $300M fully diluted valuation. Strategic partners' tokens are locked for six months post-TGE, with quarterly vesting over three years. DBR will enable governance voting, and future staking features are planned. deBridge has facilitated $3.3B in bridged volume across networks like Solana and Ethereum.

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Vitalik Buterin Unveils “The Surge” Roadmap for Ethereum’s Future Scalability and Layer-2 Integration

In this article, we'll go through how you can use bbSOL on Solayer.

For investors looking to maximize their staking efforts on the 

 on Solayer offers a unique and effective solution. This article will explore how bbSOL can be utilized within Solayer’s 

 protocol to enhance the security and efficiency of decentralized applications (

 is a restaking protocol that’s native to the Solana blockchain. It’s engineered to augment the operational capabilities of on-chain DApps by securing more block space and prioritizing their transactions. 

The protocol’s innovative architecture is built around enhancing 

 (L1) security and optimizing network resource allocation through two main strategies: restaking and a shared validator network.

Within its structure, Solayer includes a restaking pool manager to handle the flow and conversion of assets, such as turning bbSOL into Solayer-specific tokens like sSOL. This conversion is critical because it allows the staked assets to participate actively in securing the network. 

The delegation manager plays a key role in managing the distribution of stakes across various validators and automated validator systems, ensuring that the stakes are optimally deployed. Additionally, the stake pool focuses on selecting validators and maximizing returns through opportunities in maximal extractable value (

), which enhances the economic security of the network. The shared validator network (SVN) supports cross-chain 

 and shares security among Solana-centric networks by efficiently distributing network resources based on stake contributions.

button at the top-right corner of the page, and select 

: Enter the amount of bbSOL that you want to restake, and click on 

to approve the transaction, and you’ll have successfully completed the staking.

Utilizing bbSOL on Solayer contributes to the stability and security of the Solana network, and optimizes the potential returns from staking activities. By engaging with Solayer’s restaking and shared validator networks, users can enhance the operational capabilities of their DApps, secure additional block space and ensure prioritized transaction processing. This integration represents a significant advancement in the way that staking and network support can coalesce, benefiting individual stakeholders and the broader Solana ecosystem alike.

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How to Use bbSOL on Solayer

Our weekly crypto derivatives analytics report dives into macro events, the current state of crypto and trading signals from spot trading volume and futures, options and perpetual contracts.

Despite the recent surge in spot prices, there remains a significant gap between long- and short-dated implied volatility. As a result, market participants are focusing more on post-U.S.-election expectations rather than the recent bullish trends in spot prices. This shift has resulted in a rise in realized 7-day volatility, which now aligns with the implied volatility levels of 30-day tenor options. Additionally, bullish responses to spot price movements are evident in perpetual funding rates, which are now positive for nearly all tokens.

Please check out the report’s highlights.

Futures Activities Final Sees Increase Since Early September, but Still Lags Behind Perps

In the past week, futures open interest has experienced only a modest increase. Although a substantial rally in spot prices has pushed BTC back to the upper end of its range, this rise hasn't been matched by a corresponding increase in futures open positions, which haven’t yet returned to their levels prior to the option expiration in late September.

In contrast to the futures market, perpetual swap open interest has risen in line with the bullish price action early this week, reaching its highest levels in the past month. As with futures markets, there was a significant spike in trading activity Monday and Tuesday as the spot price rally boosted volumes. This surge in bullish sentiment has led to increased participation in perpetual contracts. The market continues to be heavily dominated by BTC, with traders clearly favoring Bitcoin over Ethereum in their positioning.

BTC Options Volatility Front-Runs U.S. Election

In the past week, the front end of the implied volatility term structure has remained relatively stable, highlighting the significant disconnect between long- and short-dated options, particularly in light of the upcoming U.S. election. As a result, the derivatives market is responding more to post-election expectations than to the recent bullish movements in spot prices, which have finally caused realized volatility to align with implied volatility levels. 

Spot price activity has also seen an increase in open positions, mirroring trends in futures and perpetual contracts. However, this uptick in positioning hasn’t been accompanied by a spike in trade volumes, indicating more gradual growth.

Advanced

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Oct 16, 2024): BTC Options Volatility Front-Runs U.S. Election

The TON Foundation has collaborated with Axelar to link its ecosystem with 68 blockchain networks through Axelar’s Mobius Development Stack (MDS) and Interchain Amplifier technology. 

The SPX index was up by 0.47%, with nine of its 11 sectors advancing, led by utilities, financials, and real estate, while communication services and consumer staples lagged. Investors are now focused on upcoming corporate earnings (e.g., Netflix and Blackstone) and key economic data, including jobless claims, retail sales, and industrial production. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.41%, with Bitcoin and Ether rising by 1.16% and 1.80%, respectively in the past 24 hours.

Today's top performer is DOGE, which surged 6.5% following Elon Musk's "D.O.G.E." tweet.

Dogecoin (DOGE), launched in 2013, is a peer-to-peer cryptocurrency created as a decentralized "joke coin." Despite its meme origins, it has grown into a popular crypto used for payments, crowdfunding, and tipping, with support from figures like Elon Musk. DOGE has achieved significant market cap growth and remains community-driven without a central authority. Recently, Dogecoin's price has increased following 

, "D.O.G.E. will fix it." Currently priced at $0.1263, DOGE has a market cap of $18.5 billion. Although it is down 83% from its 2021 peak, it remains the largest meme coin, boasting a loyal following bolstered by Musk's social media endorsements.

The TON Foundation has collaborated with Axelar to link its ecosystem with 68 blockchain networks through Axelar’s Mobius Development Stack (MDS) and Interchain Amplifier technology. This partnership aims to improve scalability, streamline cross-chain interactions, and remove the necessity for bridges, providing TON users with a more seamless Web3 experience. This initiative aligns with a growing trend in the Web3 landscape towards cross-chain interoperability, similar to Ronin Network's recent integration with Chainlink’s CCIP.

Yesterday, the total flow for BTC Spot ETFs was $65.1 million, with all of it coming from non-GBTC sources, while GBTC had no flow.

 it will launch on mainnet by late Q4 and introduced its native token, $C, hinting at an upcoming airdrop. Users are encouraged to stay active and collect Zicrons to potentially qualify. For more details, a guide is available 

TON Partners with Axelar to Enhance Cross-Chain Interoperability Across 68 Blockchains

Bybit Learn

What's Happening

Explore our article to find out more about Bybit’s collaboration with Oracle Red Bull Racing during TOKEN2049 Singapore 2024.

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At the intersection of high-speed Formula One racing and cryptocurrency trading, TOKEN2049 2024 unfolded as a testament to innovation and collaboration. Held in Singapore from Sep 18–19, 2024, this premier annual gathering of the brightest minds in the blockchain and cryptocurrency sectors delved into the synergistic relationship between the precision of motorsports and the volatility of the crypto market. TOKEN2049 Singapore 2024 offered its attendees a unique perspective on the integration of sports, technology and finance.

TOKEN2049 Singapore 2024: From Racetrack to Cryptosphere: The DNA of Champions

The highlight of TOKEN2049 Day 1 was undoubtedly the panel featuring Bybit’s co-founder and CEO, Ben Zhou, alongside Oracle Red Bull Racing drivers Max Verstappen and Sergio “Checo” Pérez. Moderated by Caroline Buckland, Head of Global Fan Engagement at Oracle Red Bull Racing, the session promised an intriguing look at the parallels between Formula One and the cryptosphere. The room was packed and the air thick with anticipation as attendees filled every available seat, with some standing at the sides, not wanting to miss a moment. As the panelists took the stage the crowd roared with excitement, with some running to the front of the stage to capture photos of the stars up close. 

From Racetrack to Cryptosphere: The DNA of Champions,

 certainly didn’t disappoint. It offered a fascinating dive into the worlds of elite racing and crypto trading — arenas in which precision and resilience are paramount. Ben, Max and Checo shared insights on what drives them in their respective high-pressure environments. 

Checo Pérez highlighted the importance of team support and mutual dedication, noting that understanding and appreciating the efforts of those around him keeps him motivated. Max Verstappen echoed this sentiment, emphasizing the camaraderie and collective effort within the team as key to maintaining high performance. He emphasized the personal commitment to giving 100%, recognizing the crucial support from the team that makes this possible.

The panel members also shared how they balance their professional and personal lives. Max, who has become adept at managing his hectic schedule, emphasized the importance of making the most of his time between races. "There are 24 race weekends, and in between, it's important to enjoy and explore the different cities," he shared. He also highlighted the significance of spending time catching up with family and friends. Max acknowledged that as he gets older, managing sleep and adjusting to various time zones has become more challenging, yet it's crucial for maintaining his performance.

Checo spoke about the constant public attention that comes with being a Formula One driver, describing how fans often approach him for pictures and follow his movements closely. "Our work is in the public eye," he noted, explaining the necessity of drawing a firm line between his professional and personal life. At home, Checo transitions from the celebrity on the track to a dedicated father. "I have four kids at home, and when the helmet and suit come off, I'm just a regular person who loves spending time with them," he said. This separation, according to Checo, is essential not just for personal well-being but also for being fully present and effective in both realms of his life. He emphasized the importance of giving his best whether he’s at work or at home, ensuring dedication and focus in every aspect of his life.

Ben elaborated on Bybit's core values — Listen, Care, and Improve — which guide its operations and interactions with millions of retail and institutional clients. He described as fundamental to Bybit’s business the process of engaging closely with users to understand their needs and gather feedback. The partnership with Oracle Red Bull Racing resonates deeply with Bybit's approach, as Formula One's global circuit mirrors Bybit's commitment to meet and serve clients internationally. This synergy is enhanced by the excitement and engagement that F1 stars like Max and Checo bring to events, making these interactions memorable for the clients. 

Ben also drew parallels between the constant evolution in F1 and Bybit's need to stay ahead of fast-moving market trends and regulatory changes, highlighting its around-the-clock efforts to innovate and adapt — which makes the partnership both challenging and rewarding.

Looking to the future, Ben outlined Bybit's aspiration to be the gateway to 

, acknowledging the rapidly growing industry alongside increasing crypto adoption by most countries. With Europe set to embrace crypto through regulatory frameworks like MiCA, Bybit is poised to innovate and expand its reach globally, including launching the Bybit Card to meet diverse client needs in regions like Turkey, Brazil and Argentina. The collaboration with Oracle Red Bull Racing has already yielded successful ventures, such as 

, and Bybit plans to continue implementing its plans for innovation and globalization.

This wasn’t just another discussion; it was a rare glimpse into the mindset required to excel at the apex of sports and finance. 

The day set a compelling tone for the rest of TOKEN2049, establishing the high level of expected discourse and articulating the unique intersections of interest that the event celebrates.

Bybit x Oracle Red Bull Racing x AOI: The Rise and Success of Data-Driven Art

On Sep 18, 2024, Oracle Red Bull Racing and Bybit hosted an exclusive event celebrating two decades of racing excellence, merging art, NFTs and motorsport through a unique lens. Renowned artist Martin Grasser guided attendees through a visual history of Oracle Red Bull Racing cars from 2005–2024, complemented by Singapore-inspired cocktails.

During the Bybit x Oracle Red Bull Racing x AOI livestream, key figures from Oracle Red Bull Racing and Bybit discussed the transformative integration of web3 technologies to enhance fan engagement. The highlight of the conversation was the introduction of Oracle Red Bull Racing Velocity Series 2.0, which uses racing data to create unique digital artworks, showcasing the evolving interaction between fans, art and motorsport.

This year's TOKEN2049 panels, particularly those featuring the Oracle Red Bull Racing star drivers and crypto leaders, highlighted the parallels in precision, performance and innovation that define both fields. This exploration enriched our understanding of how these industries complement each other, and set set the stage for future collaborations. 

Bybit x Oracle Red Bull Racing 2024: Where Sports & Crypto Meet

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards