Master these tips to walk away with lucrative prizes from crypto trading competitions. Learn, trade, and win at ease. 

Beginner

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9 Pro Tips To Win A Crypto Trading Competition

MakerDAO Founder, Rune Christensen, announced the introduction of two new stablecoins, NewStable and PureDAI

Last week, the SPX index is up 1.54%, fueled by robust corporate earnings and expectations of potential Federal Reserve interest rate cuts, despite some Federal officials expressing concerns. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 0.64% and 0.62%, respectively in the past 24 hours.

Today’s outperformer is BNX, which jumped 7.2% after BinaryX Celebrates Third Anniversary with $500 Giveaway for GameFi Community.

BinaryX (BNX), launched in 2022, is a GameFi platform on the BNB Chain that develops blockchain games and facilitates Initial Game Offerings (IGOs). Key titles include CyberChess and CyberDragon. The platform focuses on integrating players into the game's economy to enhance engagement and ownership, enriching both gameplay and financial involvement. BinaryX is celebrating its 

 by hosting a giveaway for its community. The GameFi platform is offering $500, split among 10 winners who will each receive $50. To participate, users must follow BinaryX on Twitter, like and retweet the celebration post, and tag three friends. Participants should also comment with their earliest date and transaction hash for BinaryX games.

Check Out the Latest Prices, Charts, and Data of 

MakerDAO Founder, Rune Christensen, announced the introduction of two new stablecoins, 

, as part of the protocol's Endgame plan, aimed at replacing the existing DAI stablecoin. NewStable will focus on growth and resilience, backed by real-world assets, and is set to adopt a new branding later. PureDAI, on the other hand, aims to return to decentralized principles, utilizing only decentralized collateral and oracles, with minimal governance. While NewStable is soon to be operational, PureDAI's launch is anticipated to be several years away, featuring unique tokenomics designed to promote long-term demand and growth. Christensen seeks community input on these innovations to enhance their functionality post-launch.

Bitcoin (BTC) rose 2.81% to $67,030 on Friday, buoyed by expectations of a September Fed rate cut and robust inflows into US BTC-spot ETFs, marking five consecutive days of net inflows. Ethereum (ETH), conversely, faced uncertainty with upcoming SEC decisions on ETH-spot ETFs influencing market sentiment. Technically, Bitcoin appears bullish with potential to approach $70,000, while Ethereum shows mixed trends, struggling in the short term but maintaining long-term potential.

ZkSync, an Ethereum Layer-2 network using zero-knowledge rollups, has hinted at a governance 

 scheduled for the end of June, coinciding with the finalization of its v24 upgrade. This upgrade marks the transition of network governance to the community. ZkSync has gained significant traction, with its total value locked (TVL) reaching $141 million. The network aims to enhance Ethereum scalability by handling transactions off-chain, significantly reducing fees, especially after Ethereum's Dencun upgrade in March. Matter Labs, zkSync's developer, has secured $458 million in funding, reflecting strong investor confidence in the platform's technology and future.

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MakerDAO Teases New Stablecoin, NewStable and PureDAI, Innovating Stablecoin Market with Endgame Plan

Uncover how StrikeX (STRX) is revolutionizing finance with its innovative tokenization platform, web3 wallet, and DEX, empowering global market access and liquidity.

 (RWAs) is one of the emerging narratives in the 

 space. Not only will tokenization make the RWA global markets globally accessible, but it will also bring liquidity to a market with traditionally illiquid assets.

As such, blockchain project StrikeX is creating an innovative trading platform to facilitate trading RWA assets, including stocks, commodities and real estate. It also features a 

) that lets you immerse yourself in the world of web3.

Let’s examine StrikeX and its efforts to impact the global financial landscape through the tokenization of assets using 

StrikeX is a blockchain-powered ecosystem that combines 

 solutions to harness the power of tokenization needed to drive the next generation of financial markets. 

The project aims to provide crypto enthusiasts with all the tools they need to succeed in the crypto market.

Founded in 2021 by Joe Jowett and Kishan Vadgama, StrikeX has recently revamped its road map to encompass its growing vision for the web3 space. Upon launch, StrikeX released its wallet, which lets you earn money for using it. It also introduced a DeFi exchange, a trading platform known as TradeStrike, a 

 blockchain network and a stock token bridge to power the tokenization of assets.

, which now owns a 33% stake in StrikeX Technologies. The strategic partnership will facilitate the tokenization and self-custody of assets through automated 

, while CMC Markets will provide the project's foundation of a traditional regulated firm.

The StrikeX ecosystem is powered by its native token, STRX.

As a hybrid blockchain ecosystem, StrikeX consists of the following key features.

As StrikeX’s flagship trading platform, TradeStrike combines the features of the global stock market with those of a centralized crypto exchange. It acts as a hub for trading digital assets, including stocks, commodities, real estate, crypto tokens and non-fungible tokens (

Built to embrace tokenization technology, TradeStrike is designed to offer investors a wide range of assets. Initially, the platform will facilitate trading crypto products and public stocks, but will diversify to add more products to its portfolio.

Since TradeStrike is powered by blockchain technology, it’s secure, fast, transparent, liquid, decentralized, unlimited by geographical boundaries and enables fractional ownership of assets.

StrikeX Wallet is a simple-to-use, secure and slick DeFi wallet designed to facilitate quick and efficient crypto transactions. The wallet enables you to buy and sell crypto, make fiat-to-crypto deposits and withdraw crypto-to-fiat to your bank. You can also make cross-chain swaps within the wallet and even track the cryptocurrency market.

StrikeX upgraded its wallet to V2 to integrate more protocols, such as 

, and includes a marketplace for NFTs and decentralized apps (

 rewards simply for using your StrikeX Wallet. The weekly airdrops will be based on a community vote. All you need to do in order to qualify is carry out swaps using your wallet.

 DEX. It allows you to carry out DeFi transactions such as swaps and trades. TradeX ensures smooth trading with features like advanced charting, unlimited comprehensive indicators, detailed time frames and real-time market monitoring.

The powerful and intuitive DEX is designed to make DeFi trading easy and efficient by allowing you to connect your StrikeX Wallet.

StrikeX has been working on its own private 

-compatible Layer 1 blockchain network to help unify its growing ecosystem of web3 products. The blockchain will adopt a proof of authority (

) consensus mechanism for shorter confirmation times, improved security and reduced energy consumption.

As a private blockchain, StrikeX will provide a robust blockchain infrastructure for web3 service providers to access secure and highly scalable services.

 leverages blockchain technology to facilitate the burning and minting of collateralized stock tokens. Once released, the bridge will act as a seamless link between traditional finance (TradFi) and StrikeX’s PoA blockchain.

STRX is the native currency powering the StrikeX ecosystem. As a 

 utility token, STRX is used for various functions on the platform, including:

STRX has a maximum supply of one billion tokens, of which 11.6% have been burned, while the remaining 87.1% are in circulating supply. Furthermore, STRX implements a 3% selling tax on its DeFi tools, used to power the platform’s buy-back and burn initiative, add to the liquidity pool and for marketing purposes.

As of May 16, 2024, the price of STRX was $0.0627, an increase of over 233,000% from its ATL of $0.00002651 on Nov 22, 2021, and an 81.3% drop from its ATH of $0.3322 the same day.

Price prediction platforms are generally bullish on STRX’s price. According to CoinCodex, 

 a high of $0.32 in 2025 before dropping to $0.249 by 2030. Meanwhile, price analysts at DigitalCoinPrice 

That said, these price predictions don’t guarantee the future STRX price. We highly recommend you

 before investing in StrikeX or any other 

Tokenization of real world assets is currently a hot narrative in the crypto and finance worlds. StrikeX's strategic position in this niche will give investors and market participants a convenient way to tokenize assets and make a profit. Furthermore, the platform’s growing suite of products places it in a good position to do well in the highly competitive world of decentralized finance.

Intermediate

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StrikeX (STRX): Reshaping Finance With Tokenization

LayerAI is a blockchain network that focuses on AI models and web3 services. Learn more about how it works here.

The soaring interest in artificial intelligence (

) technology has led to some intriguing developments in the crypto community. One of the latest projects looking to profit off of AI models is LayerAI, whose system hopes to explore some of the many applications of AI. In addition to offering data monetization options to users, LayerAI also plans to offer a broad range of other private 

) services. What is Layer AI's mission, and how does its ecosystem run? Explore this guide to find out the answers to these questions and more.

 is a blockchain network that focuses on AI models and 

 services. The ecosystem contains multiple components, including a scaling system, a VPN, a DEX, an NFT marketplace and a data monetization app.

, which was run by Jamila Jelani. Little is known about this initial founder of the system, who is no longer a part of the LayerAI team. LayerAI's official founder is 

, a full-stack developer who has worked on various crypto projects since 2021. He’s joined by other developers and marketers who have an interest in 

. Inspired by the growing fascination with AI, they decided to create a global data marketplace powered by AI and crypto technology.

 is to create a system for supporting the data economy. The LayerAI team believes that data is an emerging asset class that's being overlooked. There’s vast data collected during everyday electronic usage, and companies are extremely interested in purchasing behavioral data to assist with their marketing and product development. LayerAI aims to create robust cloud computing services that can handle the vast data collected, and reward users for contributing data to the LayerAI economy app.

In addition to promoting the data economy, LayerAI is also interested in a variety of other tools that can incorporate AI models. Its team hopes that their excellent data compression techniques can also prove valuable for other types of in-demand crypto applications. To achieve this goal, they've created a LayerAI ecosystem that explores many different services, such as private ZK-rollup technology and VPNs.

 Ethereum blockchain. This means that it has a network that runs parallel to Ethereum. LayerAI uses Ethereum's processing powers to provide a secure, reliable framework for its robust cloud computing services, but LayerAI also has its own software and protocols that process data in new and unique ways. Its Layer 2 technology allows LayerAI to do some unique things, such as set up a system for publishing data on-chain and use 

 to provide excellent data compression techniques.

 (CDK). This modular software toolkit provides a helpful way to manage the company's back-end infrastructure and data capsules. It ensures all of LayerAI's designs have 

 compatibility, but the CDK also offers them the flexibility to set their own gas fees and maintain self-sovereignty. 

LayerAI's global data market involves a broad range of features that take advantage of their compressed transaction data. The following are the main ways that data miners can interact with the LayerAI ecosystem and turn behavioral data into a valuable asset.

 program consists of a VPN with rewards for users. People browse the internet through 

, which collects and packages their information into data capsules. LayerAI then monetizes this data and passes on rewards to each user who provides the network with a valuable asset in the form of their collected data. The advanced data assets system weights rewards based on a user's level of participation.

) can store activity data. Users retain control over their data, and can choose to sell it to whichever companies within the LayerAI system that they prefer.

 allows users to collect the Data Capsule NFTs they need in order to earn a more substantial digital asset reward. It also helps to validate and secure the LayerAI network.

LayerAI hopes to create a global data marketplace where data is treated as an emerging asset class. People who use LayerAI services, such as their zero-knowledge proofs and compressed transaction data, can then choose to monetize this data on the marketplace. 

Since launching its network, LayerAI has shifted its focus to its ecosystem. There aren't any plans to upgrade the underlying LayerAI system or update the data economy app in the near future. Instead, the platform is looking for more products to add to its network. 

In terms of future plans, LayerAI seems to be pivoting away from its focus on the global data market and instead embracing other industry trends. According to LayerAI’s road map, its next goal is to tackle 

. The hope is to eventually design an animation studio and use AI models to create 2D and 3D games built on the blockchain. 

The LayerAI ecosystem uses several different types of tokens to handle all of their advanced data assets. 

LAI is a multi-value gas token. People can use it to pay for fees, and can also stake it to help validate the network. The LAI token also provides liquidity for the network so that data miners can process things more efficiently.

The DATUM token is a reward token for people with Data Capsule NFTs. People who contribute data by using LayerVPN and have “equipped” Data Capsule NFTs earn DATUM, which they can exchange for other valuable tokens. The DATUM token is primarily earned through LayerAI's data economy app.

. LayerAI is distributing these tokens according to the following plan:

LAI has seen a lot of price movement since it was released as "GPT" in 2023, going as high as $0.14 and as low as $0.006. In March 2024, LAI had a particularly notable jump in price after news of the network’s rebranding from CryptoGPT to LayerAI, which may have led to many users’ bullish outlook on LAI. Pricing data analysis from CoinCodex 

 may lead to further price leaps for LAI, which may even reach $0.13, close to its ATH, by the end of 2025 and $0.17 by 2029.

DigitalCoinPrice is as positive as CoinCodex, with 

 LAI price will reach $0.07 by the end of 2025 and $0.16 by 2029.

Looking to trade LayerAI tokens? Bybit now offers the 

. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the LAI/USDT Spot trading page. Since its rebranding, LayerAI has been working to get its LAI token listed on major exchanges. One of the easiest ways to purchase it is through Bybit.

LayerAI is emerging as an intriguing project, particularly due to its focus on AI and web3 gaming — a combination that’s gaining a lot of attention in the tech world. While the token shows potential and is experiencing some upward trends, it's important to recognize that its ecosystem's performance can be variable. 

Investing in LayerAI could offer significant returns, but it comes with inherent risks. The value of the LAI token isn’t yet stable, and could be subject to substantial fluctuation. Interested investors should approach LayerAI with cautious optimism, and are strongly advised to conduct 

 and consider market conditions meticulously before making any investment decisions.

While LayerAI has yet to prove it can offer substantial digital asset services, its idea of publishing data on-chain and compensating users for their behavioral data with the LayerAI economy app has captured the attention of many investors. In addition, the impressive growth of LAI has helped make it a token worth watching.

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LayerAI (LAI): Data Monetization With ZK-Rollup Technology

Bybit Learn

Options

Master the fundamental of call options and how to execute a call options in crypto options trading.

A crypto call option is a contract or tool that confers on a person the choice (rather than the obligation) to buy a specific asset at a preset price, on or before a certain time (known as the 

To buy a call option, the buyer must pay the seller a “premium fee.” Each crypto options contract comprises one cryptocurrency, bought at a predetermined price. You don’t have to own the particular underlying asset before you can buy or sell its corresponding call option. It should be noted that this transaction period lasts only for a specified time frame, as the buyer can only exercise their call on or before the expiration date. 

If you predict an increase in the market share of an option, you can decide to buy the call option. If the underlying assets appreciates in price, and the current value surpasses the strike price before reaching the expiration date, it results in a profit after deducting the premium you’ve paid. 

If, on the other hand, the underlying asset’s price depreciates, the buyer can allow the call option to expire, which may result in a loss of the option’s premium fee.

 allow the holder to use or exercise the option anytime before the date of expiration, while 

 can only be exercised on the date of expiration.

Crypto Call Options vs. Traditional Call Options

The volatility of the crypto options market can be both a plus and minus for traders. If the market moves in favor of the options trader, they have the opportunity to profit handsomely from the difference between the strike price and crypto price. On the other hand, if the market goes against the options trader, they suffer a significant loss.

An options contract usually takes place between two parties: the options trader and the cryptocurrency exchange.

Suppose the market price of a particular option is $90. The buyer holds a call option with a strike price of $70 at a premium fee of $5. The option has intrinsic value and is said to be “in the money” (ITM) because, at expiration, the buyer can buy 100 shares at $70, instead of the current market price of $90. 

Intrinsic value can be calculated as follows:

Intrinsic Value = Price of Underlying Asset − Strike Price

In this case, $90 − $70 = $20 gross profit. This simply implies that the option has an intrinsic value of $20 per share.

Similarly, the call option is referred to as “out of the money” (OTM) if it possesses no intrinsic value at expiration.

Going by the above example, if the same stock price drops to $50, it would hold no intrinsic value as no buyer will purchase it for $70 when the market’s current price is $50. This renders the option valueless. The call seller only gets the premium paid ($5).

Aside from ITM and OTM, there’s a third possibility called “at the money” (ATM). An asset is said to be ATM when both the present market price and strike/fixed price are equal.

Let’s look at Bybit European-style options to illustrate. 

 is a BTC call option with a strike price of $68,000, which will expire on Mar. 29, 2024. 

The market price of BTC at the start of March is $50,000. Jenny  thinks the price of BTC will be much higher at the end of the month, while Bob believes that BTC’s price will decrease.

Jenny buys a BTC call option for $1,200. This means she has the right to buy 1 BTC at $68,000 when the contract matures. Bob sells call options.

Scenario A: Upon expiration, BTC’s settlement price increases to $71,000. 

Scenario B: Upon expiration, BTC’s settlement price dips to $48,000.

Options trading often involves predefined losses (limited to the premium paid), whereas spot trading exposes traders to potentially unlimited losses if the market moves significantly against their position. 

However, the complexity and limited time frame of options can make them risky for inexperienced traders. Always do your research and have proper 

 in place before diving into a new trading product.

Bybit Options Lesson: Understanding Call Options

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards