Ethereum R1 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum

The S&P 500 rose 0.63% Thursday, boosted by strong Meta and Microsoft earnings, but futures slipped Friday as investors awaited the April jobs report and weighed Apple and Amazon tariff concerns. Gold fell to $3,235 as easing trade tensions cut safe-haven demand; markets await US jobs data for rate cut signals. The Coindesk Indices, which tracks the broader crypto market, rose 2.19%, with Bitcoin and Ether up 2.57% and 2.60%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is AR, which gained 16.8% following CloneX's successful migration to Arweave, sponsored by ArDrive.

Arweave (AR), founded in 2017, is a decentralized network for permanent data storage, using blockweave and Proof of Access to ensure long-term accessibility. It offers 200-year storage for a one-time fee, incentivized by AR tokens for miners. The system connects blocks efficiently to preserve and retrieve data, aiming to create a lasting digital knowledge repository. CloneX has successfully 

 to Arweave for permanent storage, with the support of ArDrive, which sponsored the migration of 100 GB of data. The process is nearly complete, with only Animus remaining to undergo decentralization.

Check out the latest prices, charts, and data of 

 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum. Built on open-source code and the Nethermind Surge stack, it emphasizes credible neutrality, public good funding (with all fees burned after 2030), and infrastructure that remains free from VC control or centralized dependencies.

Yesterday, BTC spot ETFs saw $71.1M in total inflows, with $16M from GBTC and $55.1M from other ETFs.

 $BOOP tokens to active Solana memecoin traders and creators who promote memecoins or Solana dapps on X. To claim, users must connect their Solana wallet or X account and launch a free token. The airdrop arrives in 30 days, but growing the token’s market cap can accelerate the reward.

Beginner

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Ethereum R1 offers a decentralized rollup solution for Ethereum

This article dives into Bitcoin liquid staking protocol Lombard Finance, how LBTC works and how you can stake LBTC through Bybit Web3.

Bitcoin stands as the undisputed giant of the cryptocurrency space, commanding the largest market capitalization. Yet, much of its potential remains untapped, often sitting idle as a store of value rather than actively participating in the thriving 

 ecosystem. Lombard Finance aims to change this narrative by unlocking Bitcoin's utility and integrating it seamlessly into DeFi.

Lombard is built upon Babylon, the innovative Bitcoin staking protocol, and is incubated by Polychain Capital. Lombard’s flagship product, 

 (LST) for BTC. This article explores what Lombard Finance is and how LBTC works, and describes the Lombard ecosystem and how you can stake LBTC through Bybit Web3.

 is a liquid staking protocol that focuses on transforming 

's role in the digital economy. Its core mission is to evolve BTC from simply being a store of value — also viewed as 

 — into a productive asset that actively generates yield and participates within DeFi. Currently, a significant portion of Bitcoin's

 sits idle, lacking the native staking capabilities or cross-chain composability seen with assets such as 

Lombard Finance addresses this shortcoming by building on top of 

, a protocol that supports BTC staking without needing 

 or custodians. Babylon allows Bitcoin's economic weight to secure other 

 (PoS) chains and applications, creating a new yield source for holders. Lombard leverages this foundation to offer LBTC, making staked BTC liquid and usable across the DeFi market.

Lombard’s goal is ambitious: to channel Bitcoin's vast liquidity into DeFi. This could potentially double the ecosystem's 

 (TVL) if even a fraction of available BTC is introduced. Lombard believes this integration will catalyze significant growth and create more sustainable market dynamics by making BTC a core, yield-bearing primitive within DeFi.

Founders and investors of Lombard Finance

Lombard Finance was founded in April 2024 by a team with deep expertise within DeFi, drawing talent from established crypto projects like Polychain, Babylon, Argent, Coinbase and Maple. This collective experience underpins the protocol's design and strategic direction.

The project was notably incubated by Polychain Capital, a prominent crypto investment firm that also led Lombard's $16 million seed funding round (which was 

 in July 2024). This round saw participation from a wide array of significant players in the crypto space — including Babylon, dao5, Franklin Templeton, Foresight Ventures, HTX Ventures, Mirana Ventures, Mantle EcoFund, Nomad Capital, OKX Ventures and Robot Ventures — thus highlighting broad industry confidence in Lombard's vision. Strategic partnerships and contributions from exchanges like

 and Bitget are further bolstering its distribution and liquidity aggregation efforts.

LBTC is Lombard Finance's flagship product — a liquid staking token (LST) that represents Bitcoin staked through the Babylon protocol. Designed as a universal liquid BTC standard, LBTC is fully backed 1:1 by native Bitcoin, ensuring its value is directly tied to the underlying asset.

The token is yield-bearing, capturing rewards generated from securing PoS networks via Babylon staking. Crucially, LBTC remains liquid, meaning holders can freely use it across various DeFi applications — such as 

 and automated vaults — without sacrificing their underlying staked positions or associated yield.

LBTC is also designed for cross-chain compatibility, natively minted on supported blockchains like Ethereum, Base and Sui and using secure infrastructure [such as 

]. This avoids the risks associated with traditional bridging or wrapping methods, thus aiming to provide a more secure and seamless way to utilize Bitcoin across the multichain DeFi ecosystem.

Lombard Finance simplifies the process of putting Bitcoin to work within DeFi through its LBTC token. The mechanism is designed with security and user experience in mind, leveraging the Babylon protocol and a robust Security Consortium.

The core benefit of LBTC lies in its ability to unlock multiple layers of value simultaneously. Holders earn native yield from Babylon staking, potentially accrue additional rewards (such as Lombard Lux points) and gain access to diverse DeFi yield opportunities, all while maintaining the liquidity of their Bitcoin position. This transforms BTC from a static asset into a dynamic, yield-generating component of the DeFi ecosystem.

Lombard Finance is actively building a wide LBTC ecosystem that already boasts over 75 DeFi integrations. Security is foundational, anchored by the 14-member Security Consortium (including prominent names like Galaxy and OKX Ventures) and validating all critical operations alongside audits and bug bounties.

Core infrastructure relies both on Babylon for staking, and on the Chainlink CCIP for secure cross-chain movement, with EigenLayer integration 

. LBTC integrates with leading DeFi applications across lending platforms (e.g., 

) and automated vaults. The platform supports multiple blockchains (including Ethereum, Base, Sui, BNB Chain) and 

 (L2s), positioning LBTC as a versatile cross-chain asset.

Here's how you can stake BTC on Lombard and use LBTC in DeFi and automated vaults.

Lombard Finance (via its LBTC token) offers a compelling way for Bitcoin holders to put their assets into use, earn yield via Babylon staking and gain exposure to the expansive DeFi ecosystem — all while maintaining liquidity. Incubated by Polychain Capital and supported by a robust consortium and growing partner network, Lombard is positioning LBTC as a secure and versatile liquid Bitcoin standard.

It’s easy to participate in the Lombard ecosystem through 

, you can utilize your Bybit Web3 Seed Phrase Wallet to stake BTC and mint 

, Lombard's vault token that represents deposits in automated yield strategies. This provides you with a seamless gateway to access Bitcoin liquid staking and DeFi yields.

Ready to unlock your Bitcoin's potential? 

Intermediate

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Lombard Finance: Polychain-backed Bitcoin liquid staking protocol

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. 

Altcoin season might have come with reviveding speculation 

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. This resurgence has sparked renewed interest among retail traders, shifting focus from Bitcoin to smaller, more speculative altcoins. The overall market saw a 10% increase in value during the final eight days of April, contrasting with Bitcoin's 7% gain. This trend indicates a growing appetite for risk among investors, particularly in meme coins, which have seen a surge in social media discussions.

However, caution is warranted as elevated crowd enthusiasm often precedes market corrections. Historical patterns suggest that when buzzwords like "altseason" are dominating discussions, it may signal an impending price exhaustion. The current market dynamics reflect a shift toward speculative investments, raising concerns about the sustainability of this enthusiasm.

Bitcoin's bullish sentiment substantially improves

Bitcoin's position as the leading cryptocurrency has remained steady, with discussions around its price fluctuating significantly. Following a period of pessimism, when predictions dipped as low as $10K–$69K, sentiment shifted dramatically with the price recovery. Now, optimistic projections of $100K–$159K are dominating conversations, indicating a reversal in trader sentiment.

Despite Bitcoin's consistent presence in market discussions (approximately 25% of asset topics), the ratio of bullish-to-bearish commentary has grown increasingly favorable. This suggests a growing confidence among traders bolstered by Bitcoin's recent performance. However, it’s essential to monitor whether this bullish sentiment translates into sustained investment, or if it leads to overconfidence that may trigger a market pullback.

Ethere, once a robust contender in the altcoin arena, has struggled to regain retail investor confidence despite recent bullish commentary and promises of innovation from co-founder Vitalik Buterin. Its social media presence has dwindled to about 6–7% of discussions, a significant drop from previous years. This decline highlights the challenges Ethereum faces in re-establishing itself as a go-to investment in a market increasingly dominated by speculative assets.

Conversely, XRP has seen a notable increase in optimism surrounding ETF approvals, with expectations rising to 85%. This shift reflects a broader trend of institutional interest in cryptocurrencies, potentially paving the way for significant capital inflows. Meanwhile, Dogecoin's potential ETF listings have sparked renewed interest, transforming its image from that of a meme coin to a legitimate investment option. The growing dialogue surrounding institutional adoption of Dogecoin and XRP indicates a pivotal moment for these assets, suggesting they may play critical roles in the evolving cryptocurrency landscape.

Advanced

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Bybit x Santiment social sentiment report: Altcoin sentiment recovers despite Bitcoin’s resilience

Bybit Spread Trading allows traders to simultaneously buy and sell two related instruments in order to hedge risk or profit from price discrepancies. Read more.

Whether markets are flying high or wobbling unpredictably, one thing remains true: traders are always looking for smarter ways to 

 and find profit opportunities. That’s where Bybit Spread Trading comes in. This feature is tailor-made for those who want to go beyond basic buy/sell plays and start taking advantage of price discrepancies between related instruments. In this guide, we’ll walk through exactly how Bybit Spread Trading works, why it matters and how you can start using it today, whether you’re 

is a newly launched Bybit feature that allows users to simultaneously buy and sell two related instruments — such as Spot, Perpetual or Expiry contracts with different settlement dates — in order to hedge risk or profit from price discrepancies.

This type of trading strategy is popular among institutional and professional traders because it enables more precise, controlled market exposure. However, with Bybit’s interface, the barrier to entry is significantly lowered, opening the door for individual traders to tap with just a few clicks into a powerful set of tools.

At its core, Spread Trading on Bybit is about executing what’s called a combo trade. This means entering two positions at once: one long, one short. These positions are taken on related instruments, such as a BTC Spot trade and a BTC Perpetual contract, with the idea that their prices will either converge or diverge in a way that benefits your position.

When you place a buy combo, you’re buying the instrument with the longer expiration (the “far leg”) and selling the one that expires sooner (the “near leg”). 

A sell combo is the reverse: selling the far leg and buying the near leg. The profit (or loss) comes from how the spread between these two instruments shifts over time.

For example, if you believe the spread between a Perpetual and a Quarterly Futures contract will widen, you can buy the combo. If the spread increases after your entry, that movement becomes your profit. Bybit calculates your 

 prices automatically, based on the mark prices and your defined “order price,” so there’s no need to manually crunch the numbers.

Perhaps the most important feature here is atomic execution. This ensures both sides of your combo trade are filled together, in equal quantities, or the trade doesn’t go through at all. It removes “leg risk,” which is the danger of getting filled on one side of the trade, but not the other. In volatile markets, that alone can save you from an unwanted mess.

Spread Trading on Bybit currently supports combinations such as Spot and Perpetual, Spot and Expiry, Perpetual and Expiry, or even two Expiry contracts with different dates. This flexibility lets you build strategies that align with different market outlooks — bullish, bearish or neutral.

There’s a strong reason why Spread Trading is a go-to for many experienced traders: it allows for strategic plays that are more sophisticated than just guessing price direction. On Bybit, it’s not only powerful, but also convenient.

First, you get price certainty. Your spread is locked in at the price you specify. There’s no 

 between legs because the entry prices are automatically calculated and matched. You’re trading the spread, not the individual legs.

Secondly, the trading experience is smoother. Instead of placing two separate orders and manually trying to sync them, Bybit handles everything as a single transaction. You don’t have to worry about whether one leg gets filled and the other doesn’t — that risk is eliminated through atomic execution.

Third, this setup is a great hedge against volatility. By taking opposing positions on two related contracts, you reduce exposure to sharp price movements. Your P&L becomes more about the relative performance between contracts, rather than the market direction itself.

There’s also a strong cost advantage. Trading spreads on Bybit is significantly cheaper than doing it manually. You pay only half the trading fees you’d incur if you placed two individual trades on the order book. For high-volume or 

, that translates to meaningful savings over time.

Finally, it unlocks strategy flexibility. Whether you're 

 funding rates between Spot and Perpetual, doing 

 with different Futures contracts or taking advantage of price convergence before expiry, this platform gives you the tools to execute those ideas efficiently.

How to get started with Bybit Spread Trading 

Now that you have a better understanding of how Bybit Spread Trading works, let’s look into how to get started. Please note that you’ll need to have a Bybit account in order to proceed. If you don’t already have one, please check out our 

 for more information on how to create a Bybit account.

: Log in to your Bybit account and hover your cursor over the 

: The available spreads are organized in a grid, with each tile representing a unique combo. Choose your preferred combo to trade.

Tiles with a border around them signify that Spread Trading offers a better price. Hover over a tile for more details, or use the bar at the bottom of the grid to explore more options.

On the order placement page, set up your order with the following parameters:

to place your order. A pop-up window will appear for you to confirm your order details. Then, click on 

Congratulations — you’ve successfully placed an order!

You can view your Spread Trading orders from any trading page (Spread Trading, Spot and Futures), as they all share the same order data.

 to view your active orders. You’ll be able to view the combo, underlying asset, order price and more. 

If you would like to adjust your order parameters, you may click on the pencil icon under 

. To cancel your order, simply click on the order’s corresponding 

to view your completed orders. To view each order’s information on each leg, click on the order’s corresponding 

button. For additional insights, click on 

Spread trading isn’t for everyone — but if you’re someone who enjoys strategic trading, hedging or arbitrage, it’s a tool worth adding to your arsenal. It appeals to traders who are less interested in taking a directional bet, and more focused on capitalizing on inefficiencies in the market.

You don’t have to be a pro trader to benefit, either. The simplified execution and intuitive UI mean even intermediate users can explore advanced strategies without being overwhelmed. As long as you understand how spreads work, and how your P&L is affected by their movement, you’re already halfway there.

More importantly, in times of market uncertainty or low volatility — when price action feels sluggish — spread trading gives you an alternative way to profit. It keeps you in the game — even when momentum plays aren’t cutting it.

Bybit Spread Trading is a powerful tool that combines simplicity with sophistication. Whether you're looking to hedge, save on fees or experiment with 

 strategies, it offers a clean and user-friendly way to do so. With lower risk, lower costs and plenty of flexibility, Bybit Spread Trading is a smart move for any trader looking to level up their game — especially when markets get messy.

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Bybit Spread Trading: Smart strategies for market swings

Trading

Limit orders are primarily used to control the execution price while stop orders serve as triggers for market orders when a specified price is reached.

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Limit orders and stop orders are commonly used in market trading. They provide strategic control and automation for traders, and understanding their functionalities is crucial for success. However, there are distinct differences between these two order types. In this article, we’ll explore these differences, as well as the benefits and drawbacks of each.

 is a type of order used in trading to specify the minimum price (for sell orders) or maximum price (for buy orders) at which an investor is willing to buy or sell a particular asset.

 It gives traders more control over their trades by setting specific price parameters. A limit order remains active until it’s either executed or canceled by the trader.

A buy limit order lets a trader set a specific price at which they’re willing to buy a cryptocurrency. For example, if 

 is currently trading at $2,000, an investor may place a buy limit order at $1,950. This means that the investor is only willing to buy if ETH reaches or falls below the specified price of $1,950, at which point the buy limit order is triggered and the investor's broker will attempt to execute the trade.

Buy limit orders are commonly used by traders who believe that the market price of an asset will drop before they want to enter a 

. By setting a buy limit order, traders can automatically buy the asset at a predetermined price if the market reaches that level, allowing them to potentially benefit from a lower entry price.

A sell limit order is used when a trader wants to sell a crypto at a price higher than the current market price. For instance, if 

 is currently trading at $2,000, an investor may place a sell limit order at $2,100. This means that the investor is only willing to sell the crypto if it reaches or exceeds the specified price of $2,100. If Ethereum's price rises to $2,100 or higher, the sell limit order is triggered, and the investor's broker will attempt to execute the trade.

Sell limit orders are commonly used by traders who want to sell an asset at a specific price or higher. They may have a target price in mind, at which they believe the stock will reach its maximum potential or encounter resistance. By setting a sell limit order, traders can automate the process of selling their asset at its desired price, helping them lock in profits or manage risk.

 or stop entry order) is used in trading to limit potential losses or to initiate a trade when the market price reaches a certain level.

 It’s designed to protect traders from significant losses and to allow them to take advantage of potential price movements.

In cryptocurrency trading, a buy stop order is used when a trader wants to buy a crypto asset at a price higher than the current market value. For example, if 

 is trading at $19,000 and a trader expects the price to reach and surpass $20,100, they may place a buy stop order at $20,100. If 

 reaches or goes above $20,100, the buy stop order is triggered and the trader's broker will attempt to execute the trade.

Buy stop orders are commonly used by traders who believe that an asset’s price will continue to increase after it breaks through a certain resistance level. By setting a buy stop order, traders can automatically enter a long position once the asset’s price surpasses a predetermined level, helping them capture potential gains.

Conversely, a sell stop order is used when a trader wants to sell an asset at a price lower than its current one. For instance, if Bitcoin is trading at $20,000 and a trader wants to limit their potential losses by selling if the price drops to $18,950, they may place a sell stop-loss order at $18,950. If Bitcoin's price reaches or falls below $18,950, the sell stop-loss order is triggered, and the trader's broker will attempt to execute the trade.

Sell stop orders are commonly used by traders to protect themselves from further losses if an asset’s price drops below a certain support level. By setting a sell stop order, traders can automatically sell their assets if the market reaches its predetermined level, helping them minimize potential losses and manage risk effectively.

Differences Between Limit Orders and Stop Orders

Although limit orders and stop orders are both used in trading, they have distinct differences in their functionality and purpose.

The primary difference between a limit order and a stop order lies in how these orders are used.

 at which a trader wants to buy or sell an asset. When a trader places a limit order, they’re essentially setting a price boundary and stating that they’re only willing to buy or sell at that specific price or better. The order remains active until it’s either executed or canceled, offering traders more control over the execution price. Limit orders are commonly employed by traders who want to ensure that they enter or exit positions at specific price levels.

 or initiate trades when the market price reaches a certain level. A stop order acts as a trigger point that activates a market order when the stop price is reached. For example, a trader may set a sell stop order below the current market price to limit potential losses if the price drops further. Stop orders are frequently used as 

 tools, allowing traders to automate the process of exiting a position if the market moves against them.

It’s important to note that while limit orders provide price control, they do not guarantee execution. The possibility exists that the market may reach the specified limit price, and the order may go unfilled. On the other hand, stop orders guarantee execution once the stop price is reached, but the execution price may differ from the stop price if there’s 

In summary, the key difference between limit orders and stop orders is their

. Limit orders focus on controlling the execution price, while stop orders serve as triggers for market orders when a specified price is reached. Understanding these distinctions is crucial for traders in order to utilize these order types in different market conditions effectively.

Both limit orders and stop orders offer unique advantages and disadvantages that traders should consider when incorporating them into their trading strategies.

: Limit orders allow traders to specify the exact price at which they’re willing to buy or sell an asset. This control over the execution price can be beneficial in achieving desired entry or exit points.

: By setting limit orders, traders can avoid adverse price movements and prevent overpaying for an asset or selling at a lower price than desired.

: Limit orders encourage traders to be patient and disciplined by automating a specified price level for the market to reach before they execute a trade. This can help traders avoid impulsive decisions based on short-term market fluctuations.

: A limit order may not be executed if the market doesn’t reach the specified limit price. Even if the price is reached, there may not be enough liquidity to fill the position, possibly resulting in missed trading opportunities or delayed execution.

: During periods of high market volatility, limit orders may not be executed, since liquidity may be reduced — especially if the market quickly moves away from the specified price level. Traders may have their orders partially filled or not at all.

: Stop loss orders can serve as effective risk management tools by automatically triggering the sale of an asset if its price drops to a predetermined level. This helps limit potential losses and protect trading capital.

: Stop orders can also be used to initiate trades by automatically triggering a buy order when an asset’s price breaks above a specified level. This allows traders to enter positions when the market confirms a particular trend or breakout.

: Stop orders can remove emotional bias and indecision from trading. Predetermined levels can be automatically set, and once triggered, the trade is executed without manual intervention. This reduces the impact of emotions on trading outcomes.

: While stop orders guarantee execution, the actual execution price may deviate from the stop price due to market volatility, slippage or gaps. Traders may encounter unexpected losses or suboptimal entry prices.

: In volatile markets, stop orders can be vulnerable to whipsawing, in which prices quickly reverse direction after the stop order is triggered. This can result in premature exits or false trade initiations.

By understanding the advantages and disadvantages of limit orders and stop orders, traders can make informed decisions about when and how to utilize these order types effectively. 

A stop-limit order is a conditional order that's a combination of a stop order and a limit order. 

It gives traders more control over the precision of their trade execution by setting both a stop price and a limit price. When the market price reaches the stop price, the stop-limit order becomes a limit order, and the trade will only be executed at or better than the specified limit price.

The stop price in a stop-limit order serves as the activation or trigger point. Once the market price reaches or falls below the stop price for a sell order (or reaches or rises above the stop price for a buy order), the stop-limit order is activated and is converted into a limit order.

The limit price in a stop-limit order determines the maximum or minimum price at which the trader is willing to buy or sell the asset. Unlike a traditional stop order, in which the execution price isn’t guaranteed, a stop-limit order gives traders more control over execution price by setting a specific limit.

Let's consider an example. Suppose a cryptocurrency is currently trading at $25, and a trader aims to exit their position if the price falls to $20 or below. In this case, the trader would place a stop-limit order with a stop price of $20 and a limit price of $19.50. If the crypto's price reaches or drops below $20, the stop-limit order is triggered and becomes a limit order to sell the stock at $19.50 or at a more favorable price if available.

Stop-limit orders can be beneficial in volatile markets, as rapid price fluctuations are common. They allow traders to set exact price levels for trade execution and mitigate the risks associated with slippage or unexpected price gaps.

However, it’s critical to note that stop-limit orders may not guarantee execution if the market doesn’t reach the specified stop price. Additionally, in times of heightened market volatility, there’s a chance that the limit price specified in the order may not be filled, resulting in a missed trading opportunity.

Understanding the differences between limit orders and stop orders is essential for traders. Limit orders provide control over execution prices, ensuring traders can buy or sell at desired price levels. On the other hand, stop orders offer risk management and guaranteed execution, regardless of price. The introduction of stop-limit orders gives traders more precision in their trade execution by setting both stop and limit prices. By incorporating these order types into their trading strategies, traders can enhance their decision-making, manage risk effectively and improve overall trading outcomes.

Limit Order vs. Stop Order: How Are They Different?

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