The Global Dollar Network, launched by leaders in fintech and digital assets including Anchorage Digital, Bullish, Kraken, Nuvei, Paxos, and Robinhood, aims to accelerate global stablecoin adoption. 

Daily Top Performer — Mask Network (MASK)

The S&P 500 fell 0.28% as investors anticipated the U.S. election and a likely 25-basis-point Fed rate cut, with major tech stocks like Tesla and Amazon leading the decline. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.94%, with Bitcoin and Ether dropping by 2.39% and 3.87%, respectively in the past 24 hours.

Today’s top performer is MASK, which surged 8.0% following Mask Network’s unveiling of a revamped website with enhanced features and tutorials.

Mask Network, founded in 2017, is a protocol that bridges Web 2.0 and web3, enabling users on platforms like Twitter and Facebook to access web3 features, including crypto and NFTs. It supports multiple blockchain networks, such as Ethereum, BNB Chain, Polygon, and Solana, making it chain-agnostic. Mask Network 

 an update to its website, featuring a new layout that highlights product features and a revamped tutorial page.

Check Out the Latest Prices, Charts, and Data of 

, launched by leaders in fintech and digital assets including Anchorage Digital, Bullish, Kraken, Nuvei, Paxos, and Robinhood, aims to accelerate global stablecoin adoption. The network introduces USDG, a new stablecoin issued by Paxos, compliant with Singapore’s Monetary Authority framework. It seeks to address shortcomings in current stablecoins by providing trusted, low-cost options for enterprises while rewarding network participants. The initiative encourages collaboration among custodians, exchanges, and financial institutions to innovate in global money movement. USDG is now available through various partners, with DBS Bank managing its reserves.

Yesterday, Bitcoin spot ETF flows totaled -$579.5 million, with the Grayscale Bitcoin Trust (GBTC) accounting for -$63.7 million and non-GBTC products comprising -$515.8 million.

 opens on November 7th, with a current pre-market price of $0.04. For claiming, users can visit the provided link: 

Beginner

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Global Dollar Network Launched to Boost Stablecoin Adoption with New USDG Stablecoin

Web3 gaming is a multibillion dollar industry with millions of players worldwide. Its games come in a variety of styles. Learn more here.

 has transformed its role from that of a cutting-edge financial investment to become a part of everyday life. While 

 concepts are used for a multitude of practical services, they're also a fantastic source of entertainment. Gaming is currently one of the biggest applications of web3 design. By adding blockchain features to gaming experiences, developers have been able to make games even more exciting and meaningful. Explore this guide to see why web3 gaming is so popular. 

Web3 gaming is a multibillion dollar industry with millions of players across the globe. Its games come in a variety of styles, ranging from first-person shooters to puzzle games. The main commonality among all of these games is the use of blockchain technology, such as in-game cryptos and 

“Web3 gaming” might sound pretty high-tech, but it's actually surprisingly simple. Web3 games are just standard games that incorporate blockchain technology into their designs. 

The majority of web3 games rely on two basic structures: half of each game is a standard video design that uses coding, software and hardware to create a system in which users input instructions and receive a gaming experience. The component that differentiates web3 gaming from other gaming is that of its blockchain technology. While designing their games, web3 developers also connect their systems to a blockchain, setting up multiple 

 that trigger when certain in-game actions occur. This design allows web3 games to include all sorts of blockchain mechanics. The following are a few examples:

Web3 gaming is an incredibly broad industry. Some web3 games are simple mobile apps where you tap a single button, while others are complex worlds that require hours of practice to understand. To get a good understanding of the web3 gaming landscape, it's useful to take a look at some of the most common types of games.

 gaming or DeFi gaming, investment gaming emerged as the first generation of web3 games, essentially a gamified version of standard crypto investment, with features such as 

 focus primarily on making money, but they use a game-based interface to make the process more entertaining.

 or P2E games) gamify standard behaviors. Users might tap a button or take a walk in real life, and then their action mines cryptocurrency that’s directly deposited in the player's wallet. Ever since the earliest 

, this has been one of the most popular forms of web3 gaming.

The modern generation of web3 game development is moving away from repetitive, crypto-focused designs and instead attempting to copy strategies from the traditional gaming industry. Competition-based games involve players battling each other. Though players can earn digital assets, the main goal is simply to compete with each other. Game options like 

 mimic first-person shooter competitions, while styles such as 

 gaming. This style of gaming prioritizes socializing with other gamers and building a community. Options like 

 create complex worlds in which players can create a character to role-play and interact with other characters.

The unique technology behind web3 gaming allows this industry to offer players key features they can't find anywhere else. Depending upon the game you choose, you may be able to enjoy many different fantastic game components.

For many players, the big appeal of web3 gaming is that digital assets have actual value. Using blockchain technology for in-game currency and items allows players to trade their assets both within and outside of the game. This allows the market to assign their assets a value, and players can choose to convert their items into other types of currency if they wish to.

Multiple games in the web3 space operate under the principle of decentralization. Instead of having one company run the entire system, the game is run as a collective of players and developers. Blockchain technology allows players to vote on various decisions, such as what mechanics to add to the game or what the price of an object should be. 

The majority of web3 games emphasize player ownership of in-game items. Users have direct control over the things they earn and create within the game. Not only can players buy and sell their possessions as they wish, but they can choose how to use or upgrade their digital assets.

Virtual Reality and Artificial Intelligence

Web 2.0 gaming is at the forefront of gaming design. Though virtual reality, augmented reality and artificial intelligence technology aren’t a requirement for web3 gaming, they’re far more common within the gaming sector. Many games hope to use these technologies to offer the most immersive and detailed experiences possible.

All the unique features of web3 gaming make it a particularly useful type of gaming universe. Compared to traditional games, web3 games have many special advantages.

Blockchain technology is a highly useful tool for game developers. For example, it makes it a lot simpler to manage things like player rewards and land generation, giving developers more options when designing their games. Web3 gaming systems also have the ability to run online, seamlessly interacting with a variety of 

 products and blockchain tools. Ultimately, this means that the web3 gaming community has some truly unique games that couldn't flourish with standard technology. 

Web3 ecosystems streamline the process of making a profit from games. Since it's so easy to transfer and trade assets, players can more easily convert their gaming skills into cash. Not every player may make millions, but web3 games come with many opportunities to earn money.

Since web3 games often run on principles of decentralization and transparency, they're often an ideal way to safeguard players' rights. Players usually retain control of their own data and don't have to worry about their hard-earned assets being taken away from them. Furthermore, web3 games typically value and respect the input of their communities. Blockchain technology makes it easy to ensure that community members are involved in every step of game production.

Web3 games are known for their capability to offer an immersive and seamless gaming experience. In-game transactions and crafting are directly linked to real blockchain assets, so gamers can feel particularly connected to their games. Instead of having all gaming experiences take place within a specific program, gaming experiences have real-world ramifications that can be explored through multiple blockchains and online communities. 

Though web3 gaming has many benefits, it's not always a perfect ecosystem. Here are some of the issues that web3 gamers may encounter. 

Web3 games operate with some nontraditional technology, so they can be quite confusing. Instead of simply downloading an app or launching a website, users might need to do things like 

. This adds an extra layer of complexity that may make it hard for web3 games to onboard new users.

While web3 games have the potential to offer an immersive experience, it's not a requirement. The focus on investing and profitability has led to some criticism from the gaming community. There are quite a few projects designed simply to make money, and these often struggle to engage players. Many gamers complain about web3 games with overly repetitive mechanics, cheap artwork or bland storylines. It can take some time for gamers to sort through the vast amount of web3 projects and find games that are fun to play for hours at a time. 

Both web3 gaming and traditional gaming hope to appeal to the same user base. Both styles of gaming endeavor to entertain people by appealing to their competitive and creative instincts. There’s quite a bit of overlap in the styles of games being released, and the same developers and gaming studios are working in both traditional and DeFi spaces.

However, unlike traditional games, web3 games can take advantage of newer technology. This style of gaming offers many unique aspects not found in traditional games:

Web3 gaming is still a fairly new industry, with many changes ahead. Currently, the big trend in web3 gaming is 

 models. However, online discussions suggest that users may be shifting away from simpler games. There's been a growing demand for more complex games that mimic the depth and creativity of AAA games. 

 with endless possibilities for fighting, crafting, exploring and more. In the future, web3 games may begin to prioritize entertainment and engagement over investment opportunities. You can expect to see fewer games with DeFi tie-ins, and more games that try to mimic the appeal of games like 

Web3 gaming is poised to become one of the biggest blockchain industries. 

 by 2030. With so much potential profit, web3 gaming is certainly worth exploring. Both amateur traders and professionals have the chance to earn money through different games in web3 spaces.

However, keep in mind that the days of earning thousands of dollars just by tinkering around with a new GameFi product are most likely over. With so many products on the market now, it's much harder for players to earn money by tapping a few buttons. Instead, the big investment opportunities are more likely to come from supporting the products themselves. While you might be able to make a little money by playing a game, purchasing a new game's crypto and watching it grow is likely to be a more efficient and profitable use of your time.

Web3 gaming's capacity to combine entertaining game mechanics with profitable blockchain technology has helped this industry soar. Not only are blockchain games currently worth billions of dollars, but they're also poised to capture more players than traditional online games. Investors who want to be on the cutting edge of web3 trends would certainly do well to pay close attention to web3 gaming.

Intermediate

web3 gaming.png

Web3 Gaming: Elevating Play to Next-Level Realities

Inverse perpetual contracts offer traders a unique way to speculate on the price movements of cryptocurrencies and are denominated in the base currency, such as BTC.

Inverse perpetual contracts offer crypto traders a unique way to speculate on the price movements of cryptocurrencies without holding the underlying asset in 

, such as USDT and USDC. These contracts are denominated in the base currency (for example, BTC) and allow traders to engage in futures markets with leveraged positions.

Currently, perpetual futures dominate the crypto derivatives market. 

 to CoinGlass, on October 31, 2024, Bitcoin’s perpetual trading volume was $18.2 billion, far exceeding the 

Inverse perpetual contracts are a type of futures contract used in crypto derivatives markets. They differ from traditional futures contracts, which often require fiat or stablecoin collateral. Inverse perpetual contracts are denominated and settled in a base cryptocurrency, such as Bitcoin (BTC) or Ether ETH). This unique structure allows crypto traders to speculate on the price of a cryptocurrency without using a stablecoin such as USDT as collateral.

For instance, a trader using an inverse BTCUSD perpetual contract can speculate on Bitcoin’s price in USD (U.S. dollars) while collateralizing their position in BTC. If the trade is profitable, the gains are paid out in Bitcoin, meaning traders can increase their Bitcoin holdings directly. 

, and allows traders to use Bitcoin and altcoins as the base currency. 

Why Crypto Traders Use Inverse Perpetual Futures Contracts

Crypto traders prefer inverse perpetual contracts for several reasons:

Inverse perpetual contracts function as a type of futures contract without an expiration date. Unlike linear futures, inverse perpetuals don’t need to be rolled over, allowing traders to hold positions indefinitely. Below, the key elements in the operation of these contracts are defined.

Key Components of Inverse Perpetual Contracts

Inverse perpetual contracts also feature an inverse pricing mechanism. For example, in a BTCUSD inverse contract, as the BTC price rises in terms of USD, fewer BTC are required to meet the contract's notional value, impacting profit-and-loss dynamics.

Key Differences Between Inverse Perpetual and Linear Perpetual Contracts

Inverse perpetual contracts differ from linear perpetual contracts in both their structure and settlement mechanisms. Below is a quick comparison:

How to Trade Inverse Perpetual Contracts on Bybit

Bybit currently supports nine (9) inverse perpetual contracts, and boasts a daily trading volume of almost $1 billion. Its exchange offers competitive fees starting at 

Bybit provides an easy-to-navigate platform for trading inverse perpetual contracts. Here’s a step-by-step guide to get started:

 for specific contract details and trading tools.

How to Calculate Profit & Loss for Inverse Perpetual Contracts

 is straightforward, but differs from the method for linear contracts. Take note of the following variables:

For long positions, P&L is calculated as follows:

For example, you buy 100 Q (for the BTCUSD pair) at an average price (E) of $10,000, and sell at $12,000 (L). 

Profit = 100 × [(1/10,000) − (1/12,000)]

For short positions, P&L is calculated as follows:

If you buy 100 Q (for the BTCUSD pair) at an average price (E) of $10,000 and sell at $8,000 (L), the P&L is calculated as follows:

Risk Exposure of Inverse Perpetual Contracts

Following are some risks associated with trading inverse crypto perpetual contracts.

Conclusion: Getting Started with Inverse Perpetual Futures

Bybit's inverse perpetual futures platform offers high liquidity and advanced trading tools for cryptocurrency derivatives. Our user-friendly interface supports efficient position management and competitive fees. However, traders must understand that these instruments carry substantial risks, including potential loss of capital through liquidation and market volatility.

 is crucial. Use stop losses and avoid over-leveraging positions. Start with small position sizes, and maintain adequate margin buffers. Never risk more than you can afford to lose. You can practice your strategies on 

 without financial risk, giving you a hands-on way to learn the platform’s features and market dynamics.

inverse perpetuals.png

How to Trade Inverse Perpetual Futures on Bybit

Sonic, a layer-2 blockchain on Solana, has surpassed $50 million in staked delegation on the Solayer platform, marking it as the largest delegated Actively Validated Service (AVS) on Solayer.

Daily Top Performer — Arkham Intelligence (ARKM)

The S&P 500 futures rose 0.3% on Monday, recovering from last week's losses as investors focused on the U.S. presidential election and the Federal Reserve's policy decision. The Reserve Bank of Australia is expected to keep the cash rate steady at 4.35%, with inflation indicators showing an increase. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.58%, with Bitcoin and Ether rising by 0.58% and 0.76%, respectively in the past 24 hours.

Today's top performer is ARKM, which surged 8.3% after QuillAI Network enhanced QuillCheck with Arkham Analytics to improve asset security in Web3.

Arkham Intelligence (ARKM), founded on 2020, one of the top-performing meme coins in March 2024, is a crypto intelligence platform that uses advanced techniques to link blockchain transactions to real-world identities, enhancing transparency and efficiency in the market. QuillAI Network has 

 Arkham's on-chain analytics into QuillCheck, its token due diligence AI agent. This enhancement allows QuillCheck to analyze token holder activity, community size, liquidity, and specific wallets, providing Web3 users with improved asset security and smarter trading insights.

Sonic, a layer-2 blockchain on Solana, has surpassed $50 million in 

 on the Solayer platform, marking it as the largest delegated Actively Validated Service (AVS) on Solayer. To enhance the Solana restaking ecosystem, Sonic has partnered with Solayer and Adrastea, aiming to boost rewards for Solana delegators. Sonic's CEO, Chris Zhu, highlighted the milestone as evidence of the growing sophistication of Solana's decentralized services. Analysts predict significant growth for Solana's restaking and liquid staking solutions, potentially rivaling Ethereum's established market. Currently, Solana's liquid staking has a total value locked (TVL) of $5.9 billion.

Between October 28 and November 1, 2024, Bitcoin Spot ETFs saw strong inflows, particularly in Non-GBTC funds, which attracted $2,274.1 million, while GBTC experienced outflows totaling $53.9 million, resulting in a net inflow of $2,220.2 million across all funds. This trend highlights a notable preference for Non-GBTC ETFs. Cumulatively, GBTC's total flows stand at a negative $20,116 million, whereas Non-GBTC funds have accumulated $44,342 million, bringing the overall total to $24,226 million.

 on Galxe will have a snapshot on November 6th, so participants must hold at least 1 USD0 token by that date. To obtain USD0, users can visit the Usual app, click "Mint USD0," select a supported token, and use the early access code 477GP. The TGE and airdrop are tentatively scheduled for mid-November, promising exciting developments for the community. For more details, check the Galxe campaign 

Sonic SVM Hits $50M in Staked Delegation, Partners for Restaking Growth

Indicators

Trading

Learn about the differences between exponential moving average (EMA) and simple moving average (SMA) and find out which is better for day trading and long-term trading to make more informed trading decisions.

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 are popular technical indicators used in trading to identify trends and potential pivot points. In this article, we’ll explore two commonly used moving averages: the simple moving average (SMA) and the exponential moving average (EMA). We’ll discuss when to use them, and their advantages and differences so you can be better informed on which moving average to use in your strategy.

A moving average is one of the most popular tools used in 

. It’s applied to a chart in order to smooth out price fluctuations by calculating the average price over a specified period, so that traders can identify trends and potential pivot points.

The moving average appears as a line over the chart’s price action. It’s a versatile technical indicator that can be applied to any chart time frame, from short-term intraday charts to long-term weekly or monthly charts. Traders rely on the valuable insights moving averages provide, such as determining the overall trend direction and filtering out market noise to make more informed trading decisions.

There are several different types of moving averages, but our focus here is on SMA and EMA.

One of the most commonly used types of moving averages is the simple moving average (SMA). Its calculation is straightforward and provides a reliable representation of previous price data. Large institutions use SMA to analyze long-term price trends. 

Many traders use SMA when identifying trends that are longer-term in nature. As a result, it’s often applied on daily, weekly or monthly time frames, with an input value of 10, 20, 50 or 200.

Simple moving average gives equal weight to each data point in the price series. This means that recent prices have the same weight in the calculation as older data points. As a result, SMA is slower to respond to dramatic price swings.

Traders often use SMA in combination with other technical analysis tools to confirm or validate signals. For example, if a trading strategy includes 

, most traders will use a 200-period SMA on the larger chart time frame to act as the long-term average for identifying trends.

When the price of an asset is consistently 

, indicating a potential buying opportunity. Conversely, when the price consistently stays 

, signaling a probable selling opportunity. 

Day traders may incorporate smaller input values into their SMA, such as a 10- or 20-period. This helps speed up the moving average to be more sensitive to price movements for responding quickly on any short-term trades.

Lastly, crossovers between different SMA periods have been a popular strategy, shared on the web, for generating trading signals. However, the SMA crossover trading strategy is prone to being late to new trends, so be extremely careful if you’re considering it.

SMA is calculated by summing up the closing prices of an asset over a specific number of periods, and then dividing the sum by the number of periods. Calculating SMA is a simple mathematical formula, and fortunately, you don’t need to memorize it, as current-day charting packages will automatically perform the calculation for you. 

For example, to calculate a 10-day SMA, you would add up the closing prices of the asset for the past 10 days and divide the sum by 10. Each day, the oldest closing price is dropped, and the newest closing price is added to the calculation, creating a moving average that continuously adapts to recent prices.

Here are the steps to calculate a simple moving average:

Now, let's calculate a 10-day SMA with the following closing prices: $25, $27, $26, $28, $29, $31, $30, $29, $28 and $27.

Sum of closing prices = $25 + $27 + $26 + $28 + $29 + $31 + $30 + $29 + $28 + $27 = $280

By repeating this process for each trading day, you can plot the SMA on a chart to visualize the average price movement over the specified period.

Remember, the choice of SMA period depends on your strategy and the time frame you’re analyzing. Shorter periods respond more quickly to price changes, while longer periods provide a smoother average that reflects more significant trends.

What Is an Exponential Moving Average (EMA)?

In addition to the simple moving average, another popular technical analysis indicator is the exponential moving average. While similar to SMA, EMA places more weight on recent data, making it more responsive to current market conditions.

EMA calculation differs from SMA in that it incorporates a smoothing factor that exponentially decreases the weight of older price data. This means that EMA gives greater importance to the current price, allowing it to respond quickly to changes in market trends.

EMA is particularly useful for traders who prefer to focus on short-term trends and price action. Due to its emphasis on recent prices, EMA is better suited for capturing and reacting to rapid price changes than SMA. Following are some scenarios in which EMA can be beneficial.

: EMA can help traders spot potential trend reversals earlier than simple moving averages. As EMA reacts more quickly to price movements, it can provide timely signals when a trend is about to change direction.

: Traders who aim to capitalize on short-term price swings and momentum often rely on EMA. By using shorter EMA periods, they can quickly enter and exit trades based on immediate price action.

: Breakout traders look for price movements that break through key 

. Since EMA responds more quickly, a price break above it signals a bullish trend, while a break below EMA signals a potential bearish trend.

How to Calculate Exponential Moving Average

Calculating EMA involves a slightly more complex formula as compared to SMA. The formula incorporates a multiplier that determines the weight of each price data point. Following are the steps to calculate EMA:

Using the above formula, let's calculate a 10-day EMA for a stock with the following closing prices: $25, $27, $26, $28, $29, $31, $30, $29, $28 and $27.

By plotting EMA on a chart, traders can visually analyze the relationship between the price and the EMA line to identify potential trading opportunities and make informed decisions.

Remember, the choice of EMA period depends upon the strategy and the desired level of responsiveness to price changes. Shorter EMA periods react more quickly but may be more susceptible to false signals, while longer EMA periods provide a smoother average but respond more slowly to price movements.

While both exponential moving average (EMA) and simple moving average (SMA) are commonly used in technical analysis, they have some key differences. Here's a comparison table highlighting their distinctions.

EMA has several advantages over the SMA, which make it a popular choice for many traders.

: EMA responds quickly to current price changes, allowing traders to capture trends and potential trading opportunities more promptly.

: Due to its emphasis on current prices, EMA can provide timely signals for trend reversals and entry/exit points in the market.

: EMA has less lag than SMA, enabling traders to make faster decisions based on current market conditions.

Although EMA has its strengths, SMA also offers unique advantages:

: The calculation of SMA is straightforward, making it understandable to traders of all experience levels.

: SMA provides a smoother and more stable signal line, reducing the impact of short-term price fluctuations and providing a clearer overall trend picture.

SMA is more widely followed, from the small trader to the large institution. This makes signals surrounding it more reliable.

Which Moving Average Is Better for Day Trading?

Though both moving averages are used for 

, whereby traders aim to capitalize on short-term price movements within a single trading day, exponential moving averages are often preferred. Their responsiveness to recent price changes allows day traders to quickly identify and react to intraday trends and price reversals, providing more timely entry and exit signals.

Which Moving Average Is Better for Swing Trading?

, a strategy that involves capturing medium-term price movements over several days to weeks, both exponential moving averages and simple moving averages can be effective. The choice between EMA and SMA depends upon the trader's preference. EMA's responsiveness to current prices can help swing traders identify shorter-term swings and capture smaller price moves. On the other hand, many swing traders incorporate some type of multiple time frame analysis, making the SMA's smoothness and stability more reliable and providing a clearer picture of the overall trend.

Simple moving averages and exponential moving averages are valuable technical indicators. Each moving average has its advantages and suitability for different trading strategies and time frames. SMA provides a smoother and more stable signal line, making it reliable for longer-term trend identification. On the other hand, the EMA's responsiveness to recent price changes is well-suited for shorter-term trend identification and capturing shorter price swings. By understanding the differences between and advantages of these two types of moving averages, traders can enhance their analysis and make more informed trading decisions.

EMA vs. SMA: Which Moving Average Is Better?

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