U.S. stocks and cryptocurrency dropped on April 3 after President Trump’s reciprocal tariffs sparked trade tensions and a sell-off in riskier assets.

The S&P 500 fell 4.84%, its steepest drop since 2020, after Trump announced sweeping new tariffs that sparked fears of global trade retaliation. Gold fell 0.85% to $3,106.99 after hitting a record $3,167.57, driven by profit-taking and margin calls amid Trump’s tariff-induced selloff. Analysts expect central banks to sustain its rally despite potential pressure by late 2025. The Coindesk Indices, which tracks the broader crypto market, are down by 1.46%, with Bitcoin and Ether down 5.77% and 4.34% 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 ZRO, up 6.9%, as BounceBit enables $BBTC and $BBUSD token bridging across Ethereum and BNB Chain via LayerZero.

LayerZero (ZRO), launched in 2021, is a cross-chain interoperability protocol enabling secure blockchain communication. It has raised $260M+ and reached a $3B valuation. Supporting 48 blockchains, its V2 upgrade enhances security and programmability. Its first DApp, Stargate Finance, enables seamless cross-chain transfers. BounceBit has 

 that its $BBTC and $BBUSD tokens are now bridgeable via LayerZero's OFT adapter standard, enabling these tokens to be transferred across multiple networks. Users can bridge these tokens to Ethereum and BNB Chain through BounceBit's portal, with official contract addresses provided for both tokens.

Check out the latest prices, charts, and data of 

U.S. stocks and cryptocurrency dropped on April 3 after President Trump’s reciprocal tariffs sparked trade tensions and a sell-off in riskier assets. Despite Trump’s pro-crypto stance, economic instability hit the sector. Analysts note crypto’s borderless nature may cushion losses, with ETFs potentially attracting retail inflows, though flows could shrink if uncertainty persists. “Bitcoin tracks macro signals like yields and dollar strength,” said Ben Kurland of DYOR. David Hernandez of 21Shares noted crypto’s resilience, with bitcoin holding key support, signaling strong demand despite ongoing policies.

Yesterday, BTC spot ETFs saw a total outflow of $165.1M, with GBTC losing $60.2M and non-GBTC funds shedding $104.9M.

 allocates 600M BABY tokens (6% of total supply) to Phase 1 Bitcoin stakers, Pioneer Pass NFT holders, and open-source contributors, with the tokens distributed at the launch of the Babylon Genesis blockchain. Categories include stake participation (30M BABY), base staking rewards (335M BABY), and a bonus for Phase 2 transition (200M BABY). NFT holders receive 300 BABY per NFT (30M total), while 5M BABY is reserved for GitHub developers. Recipients must register by March 25, 2025, and tokens will be automatically transferred to eligible users, with additional airdrops for social media supporters and other campaigns planned.

Beginner

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Trump tariffs trigger sell-off and stocks and crypto slide amid trade tensions

In this tutorial, we’ll explore how you can complete a series of tasks in Nad.fun for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Nad.fun for the 

Task: Complete quests on Nad.fun with your Bybit Wallet

button in the upper-right corner of the page to connect your wallet (such as the Bybit Wallet).

: Complete the available tasks listed under 

: Enjoy an exclusive 1.2x multiplier on your weekly leaderboard points when you use your Bybit Wallet to participate!

nad.fun tutorial.png

How to complete Nad.fun tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Belief Market for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Belief Market for the 

Task: Complete quests on Belief Market with your Bybit Wallet

 and enter your email address to sign up for the newsletter. Upon completion, you’ll receive 100 Belief Points (BPs) and a unique referral link.

: Use your referral link to invite friends and earn rewards at four milestones.

If you’re a Bybit user, you’ll be able to enjoy additional rewards for milestones 2, 3 and 4! For example, users who complete the third milestone will receive 2,000 BPs, while those who complete the fourth milestone will receive 4,000 BPs.

. The NFT rewards you’ve earned will be displayed in your profile.

: Once you’ve reached a milestone, you’ll receive an NFT representing your earned BPs and multipliers. This NFT will be sent to your Base wallet.

Your total BPs = (sum of all BPs) × any 3x multipliers you hold

Whenever you reach a milestone, you’ll receive an email from Belief Market. Reply with your blockchain wallet address, or join 

 channel and provide your address there. Once you receive your NFT, it represents your BPs. These NFTs will be converted to Belief Tokens when the token is released.

belief market tutorial.png

How to complete Belief Market tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Plato for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Plato for the 

Task: Complete quests on Plato with your Bybit Wallet

: Sign up for an account through the exclusive 

: Enter your email address and phone number, and verify your account. 

: Download the Plato app and sign in to your account. 

Once the app is downloaded onto your device, simply eat to earn FAT rewards! 

At the end of the event, users with the top amount of FAT rewards earned on the Plato Testnet will win rewards!

plato tutorial.png

How to complete Plato tasks for the Bybit x Monad ecosystem airdrop

web3

Altcoins

Explainers

Steem (STEEM) is a blockchain platform designed specifically for decentralized social media apps. Its most popular app is Steemit, a microblogging social network that rewards users for by posting and liking content.

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Steem_Crypto_SocialFi_ranking.png

Blockchain-based social media is one of the most promising yet underutilized niches within the crypto industry. Faced with competition from Web 2.0 social giants like Facebook, X, Reddit and Instagram, SocialFi (Social Finance) and other 

 have maintained a low profile during the decade-plus social media revolution. Recent developments in the niche, however, have led to growing interest in the decentralized social media concept. Among the old-time leaders of this promising category is Steem, a blockchain platform built purposely for decentralized social applications.

 is a blockchain designed to host and power the growth of decentralized social media apps. 

Developers can build and launch Steem-based decentralized applications (

) that help users monetize their social content. Steem accounts can earn crypto rewards by producing content and even by upvoting (i.e., “liking”) it.

Steem offers near-instant transaction processing and features zero gas fees. The fee-free nature of the platform is designed to encourage greater involvement of social media users, both on the consumer and content developer sides. Steem was launched in 2016 and is the oldest among the leading decentralized social platforms.

The Steem blockchain is based on a variation of the proof of stake (

) transaction validation model, delegated proof of stake (

, whereby users who stake funds on the platform delegate block validation responsibility to a select number of 

. Staking rewards generated by the validation process are allocated to the Steem rewards pool, a key feature used in the blockchain’s functional mechanism.

The platform’s rewards pool is central to the idea of rewarding social media users for their activity. Only 10% of the staking rewards in the pool are given to block validators, called Witnesses on Steem. In contrast, on most other blockchains, validators receive all or at least a significant proportion of the rewards.

Nearly two-thirds of the staking rewards (65%) go to social media users who engage in on-platform activity. Half of this amount (32.5%) is allotted to Authors, users who produce and publish content on Steem-based DApps. The other 32.5% is set aside for Curators, who upvote content produced by Authors.

Another 15% of the reward pool’s funds go to the holders of the SP token, which we’ll cover in a later section. In essence, this token gives additional upvoting power to its holders.

Finally, the remaining 10% is reserved for the Steem Proposals System, which is used via the Steem DAO to facilitate governance voting for various platform improvements and changes.

Smart Media Tokens (SMTs) are custom tokens that developers and content producers will be able to issue on Steem to power their specific apps or communities. Steem’s primary native coin is STEEM; we’ll cover more on this cryptocurrency later on. While STEEM can be used to enable most transactions on the network, SMTs can act as application-specific or community-specific assets. This is similar to the manner in which Ether (ETH) and DApp-specific

 tokens coexist on the Ethereum blockchain. 

While ETH, akin to STEEM, powers overall network activity, individual ERC-20 tokens, much like SMT tokens, serve as the main currencies within respective DApps.

SMTs are still at the stage of conceptual proposal and have yet to be implemented on Steem.

Blockchain developers with a focus in the social media domain are major beneficiaries of Steem’s functional model. The platform gives them the ability to develop DApps with built-in revenue-sharing models. Since Authors and Curators earn crypto rewards from their activity, a share of the revenue generated goes to the DApp developer, based on a preprogrammed distribution model.

Steem also makes DApp development easy thanks to the supported popular programming languages, as Steem DApps can be programmed using JavaScript and Python, two of the most widely used languages in the world of software development.

For ordinary social media users who don’t boast extensive armies of followers, Steem is a true gem: in addition to producing your own content, you can earn crypto rewards simply by upvoting. On the vast majority of other social media platforms, monetization opportunities are primarily limited to influencers who boast thousands or even millions of followers.

Entrepreneurs can also leverage Steem to grow their social communities and monetize content. Steem’s monetization scheme, which offers rewards for followers and not merely for influencers or content producers, fosters more active user base participation within Steem communities. A more engaged user base spells better opportunities to grow your brand via social media community management.

Monetizing your content is a breeze on Steem. While many brands often have to run paid ads on other social media networks to promote their content, Steem pays you crypto rewards for quality content.

Steemit is Steem blockchain’s primary social media DApp. It’s a blogging-style platform that publishers can use to monetize their content as it gets upvoted and rises in the rankings. Being the first and most popular app on the platform, Steemit is often confused with the Steem blockchain itself.

At some point, Steemit grew to be the SocialFi world’s most popular app. However, over the past few years, its popularity has declined somewhat. The arrival of new decentralized social platforms, including the recent surge of platforms like 

, New Bitcoin City and Stars Arena, has turned SocialFi into a much more competitive space.

Despite coming off its past popularity highs, Steemit remains one of the most prominent blockchain-based social media DApps, enjoying exceptionally high usage rates in South Korea.

eSteem (formerly Steem Mobile) is another long-timer on the Steem network. Launched in 2016, eSteem is a mobile app that lets users post content in the form of blogs and messages, and monetize it via Steem’s typical upvoting mechanism. While Steemit’s focus is on the desktop environment, eSteem is adapted toward mobile-friendly content and interaction.

DTube is Steem’s primary video content platform. Users can post video content and upvote other users’ content to earn crypto rewards. DTube’s overall functionality and user interface are near replicas of YouTube, the video giant of the Web 2.0 social media world. However, since DTube is blockchain-based, it has significant underlying differences from its much larger rival.

For starters, censorship on DTube is dependent upon its users' votes, while YouTube has been accused of some heavy-handed ideological censorship. Moreover, DTube has no ads, since no corporate entity owns the platform. In contrast, YouTube’s owner, Google Inc., is ubiquitously known for its voracious ad dollars appetite.

Utopian.io is a Steem DApp that lets software developers earn crypto rewards by contributing to an open-source project. Developers can contribute to open-source projects listed on Utopian.io by improving code, fixing bugs, creating useful libraries and more. What Steemit is to bloggers and DTube is to video publishers, Utopian.io is to software development enthusiasts.

Steem Monsters is a trading card game with elements of an RPG (role-playing game). As of early November 2023, the game is in development. Many of the in-game assets in Steem Monsters are based on 

. So far, this is the only Steem DApp, either launched or in development, that uses the NFT concept.

The Steem blockchain is powered by three cryptocurrencies: STEEM, Steem Power (SP) and Steem Dollar (SBD).

As already noted, STEEM is the platform’s main cryptocurrency and can be traded on exchanges. Users earn STEEM via content publishing and upvoting.

Besides acting as the platform’s main content monetization coin, STEEM is also used for 

. In order to participate in the block validation process, users need to stake their funds in STEEM, and staking rewards are also generated in STEEM. However, the actual rewards paid out from the Steem rewards pool for participating in content creation and curation involve two other crypto tokens, Steem Power (SP) and Steem Dollar (SBD).

STEEM is currently the fourth-largest cryptocurrency by 

Steem Power (SP) is a crypto token that can be used to increase your voting power on the Steem platform. It cannot be traded directly on exchanges. However, you can swap SP for STEEM, and vice versa.

The votes of SP token holders carry greater weight than the votes of other users on the blockchain. The more SP tokens you hold, the higher your upvoting weight. For instance, when an SP token holder upvotes a post on Steemit, the content piece has a higher chance of climbing in the overall rankings, which translates to higher visibility on the platform. The post’s author also receives more STEEM rewards because of the valuable vote from an SP holder.

Steem Power holders also receive 15% of the annual STEEM block rewards, another incentive engineered to encourage users to purchase these tokens.

 pegged to the U.S. dollar at a 1:1 ratio. While the market value of the STEEM coin fluctuates, SBD’s supply mechanism ensures that the USD peg is tightly maintained. This is achieved via a combination of STEEM and SBD printing and burning when the peg starts to deviate from the 1:1 ratio. As such, SBD is a classic example of an algorithmically maintained stablecoin. SBD is designed for Steem users who prefer a high degree of stability for the crypto assets they maintain on the platform.

The STEEM reward system for creators and curators may seem a tad confusing, so we’ll break it down here. Although STEEM is used as a common unit to calculate rewards on the platform, the actual crypto rewards are disbursed to users in a combination of SP and SBD. Users can choose to receive their rewards in one of two ways, either 50% in SP/50% in SBD or 100% in SP. It should be noted that STEEM operates an internal swap market where all three cryptos — STEEM, SP and SBD — can be traded with each other. Thus, after receiving your SP and SBD rewards, you can transfer them into the asset of your choice.

As of Nov 10, 2023, STEEM is trading at $0.31, a 96.23% decline from its all-time high of $8.19 on Jan 3, 2018 and a 329.98% increase from its all-time low of $0.072 on Mar 11, 2017.

Long-term price forecasts for STEEM are largely bullish.DigitalCoinPrice 

 to trade at $1.12 by 2025 and $3.23 by 2030, whilePricePrediction 

 to reach $0.55 by 2025 and $3.80 by 2030.

STEEM’s outlook is mostly positive, though some factors may pose challenges to the coin's growth trajectory. Factors that are likely to work in favor of the token include the following:

1. Steem has a unique social blockchain model, whereby ordinary social media users (and not only influencers or brands with the financial muscle to run ads) can monetize activities. This should encourage a broader base of social media users to utilize the platform.

2. Steem’s proposed Smart Media Tokens (SMTs) can potentially add great flexibility and value for users and influencers in the Steem ecosystem. It’s great to earn rewards in STEEM tokens, but earning rewards in your own branded token is so much sweeter! The added flexibility and opportunities for brand development are poised to further boost interest in the platform.

At the same time, it should be noted that Steem operates in the exhaustively opportunistic social media industry. Competition from resourceful Web 2/0 giants such as Facebook, Instagram, YouTube, X and Reddit will always be a challenge that Steem has to confront.

The STEEM cryptocurrency can be purchased on Bybit via a 

 contract. If you don’t yet have an account with Bybit, you can seamlessly 

. A Bybit account lets you access crypto products and services, as well as Spot and Derivatives markets for hundreds of cryptocurrencies.

Steem’s blockchain-based network has unique features that let you earn crypto rewards through content publishing and upvoting. Such features are largely absent on other social media platforms. This reality has helped Steem survive the numerous crypto winters and market downturns since the platform was launched back in 2016.

The STEEM coin has been thoroughly time-tested and remains the fourth-largest cryptocurrency in the SocialFi niche. The proposed Smart Media Tokens have the potential to further solidify the platform’s standing within the niche. When social media users start looking for alternatives to the large Web 2.0 networks, Steem is — and very likely will remain — one of the first platforms they’ll consider. Without exaggeration, Steem is web3’s X, YouTube and Reddit, all in one.

Steem (STEEM): A New Era of Social Engagement

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards