PancakeSwap has partnered with BetFury to launch a $50,000 trading competition running from December 24, 2024, to January 12, 2025.

Daily Top Performer — Phala Network (PHA)

The S&P 500 rose 1.1%, marking its third straight gain and the start of the Santa Claus rally. Growth and megacap tech stocks led, driven by optimism in AI and long-term tech trends, despite elevated Treasury yields. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.18%, with Bitcoin and Ether rising by 4.52% and 1.90%, respectively in the past 24 hours.

Today's top performer is PHA, which surged 63.4% after the announcement of Phala Network's 2024 achievements and 2025 roadmap, featuring decentralized GPU AI advancements and strategic partnerships.

The Phala Network (PHA), founded in 2018, is a decentralized cloud computing platform that uses excess computing power from everyday devices. It operates with Gatekeeper and Miner nodes, offering secure and scalable cloud services. Phala also launched Khala (PHA) on the Kusama network in 2021. 

 include co-building a decentralized GPU network, enhancing AI model training, and partnerships with projects like SentientAGI and MorpheusAIs. The Phala Treasury allocated 37% to infrastructure, 20% to community, and 43% to marketing. Social media efforts generated millions of impressions and engagements, while the network participated in six events and established 15 partnerships. Phala 2.0, launching in 2025, will integrate GPU TEE technology and Ethereum Layer 2 scalability for AI and Web3 applications.

Check Out the Latest Prices, Charts, and Data of 

 to launch a $50,000 trading competition running from December 24, 2024, to January 12, 2025. Participants can earn rewards by trading BFG tokens on the PancakeSwap Web interface or Telegram Swap-Bot. The competition includes daily lucky draws with $10,000 USDT, a leaderboard with $30,000 in BFG tokens for top traders, and $10,000 USDT for traders using the Telegram Swap-Bot. To qualify, participants must meet specific trading volume requirements, with rewards distributed in USDT and BFG tokens.

Yesterday, Bitcoin Spot ETF flows remained unchanged for GBTC, while non-GBTC ETFs experienced outflows of $149.7 million, bringing total outflows to $149.7 million.

: Astherus lets you farm while qualifying for Lista DAO Season 2, while Superform involves depositing ETH on Base via Moonwell WETH Morpho vault. Mitosis allows Linea airdrop qualification by holding funds, and Symbiotic rewards large token deposits on Ethereum mainnet. Mind Network offers bigger airdrop allocations for farming vFHE by depositing eETH. Solayer requires depositing and delegating SOL or derivatives to rank higher, and Drift's second airdrop involves liquid staking SOL to earn and lend dSOL.

Beginner

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PancakeSwap and BetFury Launch $50,000 Trading Competition with BFG Token Rewards

In this tutorial, we’ll explore how you can complete a series of tasks in Orochi Network for Bybit Web3 Airdrop Arcade.

In this tutorial, we’ll explore how you can complete Orochi Network tasks for Bybit Web3 Airdrop Arcade. 

Task 2: Quote Orochi Network's Post and Tag 3 Friends

: Navigate to Orochi Network’s pinned post on X.

: Quote the tweet with your thoughts, and tag 3 friends.

 button at the top right corner of the page.

: The Orochi ID window will pop up. You may choose to sign up for an Orochi ID using your Google account, GitHub or email address.

: Congratulations! You’ve successfully created your Orochi ID. 

Task 4: Join the Contribute to Earn Program

: Connect your Wallet, Google account and Discord to be eligible.

: Once you’ve successfully connected all accounts, you’ll have completed this task.

 all of the four tasks above for your chance to 

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How to Complete Orochi Network Tasks for Bybit Web3 Airdrop Arcade

MegaETH is an EVM-compatible blockchain with real-time Web 2.0–level performance. Learn more about MegaETH.

 has long been a formidable challenge for the blockchain industry. Most established chains maintain decentralization and security, but struggle with limited scalability while high-performance 

 (L1) blockchains often compromise decentralization to achieve high throughput. 

What if we could push throughput to unprecedented levels without compromising security or decentralization? 

Enter MegaETH — a project backed by industry leaders such as Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin and Dragonfly Capital. With the first real-time 

 (EVM)–compatible chain —i.e., one that can process transactions as soon as they arrive, and then publish the resulting state changes — MegaETH aims to redefine blockchain performance. In this article, we delve into the scaling limitations of current blockchains and examine how MegaETH aims to solve them. Let's dive in!

The blockchain trilemma has posed a significant challenge for 

 developers for years. As Ethereum co-founder Vitalik Buterin explains, distributed ledger networks can only achieve two out of three critical qualities (security, decentralization and scalability) by using simple techniques. 

As a result, most high-performance chains, such as Solana, Avalanche and BNB Chain, often compromise on decentralization or security to achieve scalability.

To address the scalability challenges of L1 networks, developers have introduced 

 (L2) solutions, which operate on top of blockchains such as Ethereum. These L2 chains achieve 

 (TPS) while leveraging the security and decentralization of their underlying L1s. However, according to MegaETH, both high-performance L1 and L2 networks fall short of meeting the demands of Web 2.0–scale applications, particularly in terms of 

As shown in the table above, the blockchain with the highest scalability, opBNB, achieves a gas rate of 100 MGas/s, equivalent to 650 Uniswap swaps or 3,700 

 transfers per second. In comparison, modern databases can 

 over 1 million TPC-C TPS. While Arbitrum One, the fastest chain listed, offers a block time of 0.25 seconds, this remains insufficient for applications requiring rapid feedback or high update rates. 

These limitations in both scalability and speed make current high-performance L1s and L2s ill-suited for Web 2.0 applications with significant computational demands.

 is an EVM-compatible blockchain with real-time Web 2.0–level performance. With the goal of bridging the gap between distributed ledger networks and traditional cloud computing servers, the project aims to push the performance of Ethereum-based L2s to hardware limits. As the first real-time blockchain, MegaETH can stream transactions at 100,000 TPS with transaction fees under $0.01, and provide millisecond-level responsiveness without sacrificing security or decentralization.

MegaLabs, the organization behind MegaETH, was founded in early 2023 by Shuyao Kong and Yilong Li. Holding an MBA from Harvard Business School, Kong has a background in business development within the blockchain industry. Prior to co-founding MegaLabs, she was the global head of business development at ConsenSys, where she continues to serve as an advisor.

As the Chief Executive Officer (CEO) of MegaLabs, Li has a PhD in computer science from Stanford University. An experienced software developer, he previously worked at Runtime Verification Inc., a firm specializing in software analysis tools and the application of formal methods to improve computing systems.

Together, Kong and Li founded MegaLabs in early 2023 to leverage their business development and computer science expertise to build MegaETH as the first real-time blockchain.

 $20 million of funding in a single seed round at a 9-figure valuation. The round was led by Dragonfly Capital, with other notable venture capitalists including Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holdings, Tangent Ventures and Credibly Neutral. In addition to VCs, MegaETH is backed by high-profile angel investors, such as Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin and EigenLayer creator Sreeram Kannan.

 on crypto trader Cobie’s decentralized fundraising platform, Echo. The round was fully funded within minutes and oversubscribed, showing significant investor demand.

MegaETH achieves over 100,000 TPS with less than 1 ms latency and block time, as well as transaction fees under $0.01, via two core features: a heterogenous blockchain architecture and a hyper-optimized EVM execution environment.

MegaETH's heterogeneous blockchain architecture enables network nodes with different hardware configurations to specialize in specific tasks to boost performance.

There are three types of nodes: sequencers, full nodes and provers. With cutting-edge hardware, a small set of sequencers conduct performance-critical tasks such as transaction execution. Simultaneously, a massively decentralized network of full nodes performs security-critical duties such as block validation. Provers have the lowest hardware requirements, and focus on providing L2 proofs to full nodes.

Hyper-Optimized EVM Execution Environment

MegaETH provides a hyper-optimized EVM execution environment to push latency, throughput and resource efficiency to hardware limits. Consequently, the real-time blockchain can process large volumes of transactions as soon as they arrive, and publish the resulting state changes in a few milliseconds.

To enable real-time EVM execution, MegaETH co-designed a low-latency, streaming-based block-building algorithm with a concurrency control protocol supporting transaction prioritization.

MegaETH's real-time blockchain scales without sacrificing decentralization and security through the following key components and features.

 is an extension of the MegaETH core team. It consists of a group of 10x builders hand-picked by MegaETH developers. According to the project, MegaMafia participants have "an internal compass guiding them toward crypto's world domination."

MegaETH defines three common qualities for MegaMafia members:

MegaETH is setting a new standard for blockchain scalability, addressing long-standing limitations without compromising decentralization or security. By combining innovative architectural decisions with technologies like real-time EVM execution, in-memory computing and smart contract JIT compilation, this real-time L1 chain delivers unmatched performance tailored for Web 2.0–scale applications.

Supported by high-profile investors, such as Vitalik Buterin and Joseph Lubin, MegaETH is poised to bridge the gap between blockchain and traditional computing, unlocking new possibilities for decentralized applications. The project is on track to launch its testnet in early 2025, with the mainnet rollout soon thereafter.

Advanced

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MegaETH: A Real-Time Blockchain for Web 2.0–Scale DApps

Grayscale has launched the Horizen Trust, a fund that allows qualified investors to gain exposure to the cryptocurrency ZEN without the need to buy, store, or safeguard it.

Daily Top Performer — Convex Finance (CVX)

The S&P 500 rose 0.73%, driven by big tech and communication services, as investors anticipate a "Santa Claus Rally" to close the year. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.61%, with Bitcoin dropping by 2.58% and Ether rising by 4.32%, respectively in the past 24 hours.

Today's top performer is CVX, which surged 28.1% following Frax's consideration of BlackRock's BUIDL token as backing for the rebranded frxUSD stablecoin.

Convex Finance (CVX), launched in May 2021, is a DeFi protocol that boosts yields for Curve protocol users on Ethereum. It allows for staking to earn CRV and CVX tokens and provides voting rights on token allocations. Securitize has 

 adding BlackRock's BUIDL token as backing for Frax's rebranded Frax USD (frxUSD) stablecoin, which will feature a new mint-redeem system. Early feedback from Frax DAO members is positive. Competing proposals from Superstate also suggest backing frxUSD with their tokenized funds. The final backing structure is still undecided.

, a fund that allows qualified investors to gain exposure to the cryptocurrency ZEN without the need to buy, store, or safeguard it. The fund's shares track the market price of ZEN, net of fees. While the shares have been traded at both a premium and discount, the fund aims to provide a simpler way for investors to gain exposure to ZEN. Grayscale is also expanding its offerings, with plans for a Solana spot ETF.

Yesterday, BTC Spot ETFs recorded total outflows of $258.2 million, including $38.4 million from GBTC and $219.8 million from non-GBTC funds.

, distributing $SONIC tokens to those who participate. Over 2 million users have joined through an easy onboarding process, requiring no wallet setup or gas fees. To qualify for the airdrop, users must log in via TikTok, access SonicX, and wait for the $SONIC claim banner. SonicX, part of the Sonic SVM app layer, uses TikTok ads and creator partnerships to promote its gaming and blockchain education hub. The project aims to expand its TikTok Chain with new games and future token rewards.

Grayscale Introduces Horizen Trust for ZEN Investment Access

Bybit Learn

Investing

Zero excuses to start building wealth! The more you trade, the more you save. Magnify your profits with Bybit Zero Fees with a consistent trading habit today. 

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Exorbitant fees heighten the entry barrier to crypto trading, limiting your capacity and ultimately reducing your profit margin. Imagine you could have saved $10 on each trading transaction and grown these savings using the compounding strategy. How much would you have had by now? (Not to mention if you’re trading actively.) That’s exactly why we want to help you unlock this unlimited potential and build a consistent trading habit to grow your wealth sustainably.

Instead of waiting for the “perfect time” or the “perfect market conditions” to take action, we ask — Why wait? “Time in the market beats timing the market.” — Ken Fisher

How Much Wealth You Would Have Accumulated From Zero Fees?

High trading fees can eat into a trader's profits and losses. Assuming you make several trades daily, these fees can add up quickly, reducing your overall profit margins. And did you know that zero trading fees can help you save a substantial amount of money and, at the same time, give you the freedom to accelerate your wealth?

 listed above are implied to traders with non-VIP status on Bybit.

Let's say you pay a 0.1% trading fee per trade on the Spot market for $20,000 worth of BTC over 100 trades. This means you'll be paying $20 in trading fees over the course of these trades. With zero trading fees, however, you would have entirely saved the incurred $20 fees. Yet the trading fee is just one of several costs associated with crypto trading. 

Trading Fee = Filled Order Quantity × Trading Fee Rate

Take the BTC/USDT trading pair as an example. If the current price of BTC is $40,000, traders can buy or sell 0.5 BTC for 20,000 USDT.

Trader A buys 0.5 BTC with a Market Order, so Trader A pays a taker’s fee of 0.0005 BTC. Therefore, Trader A will receive 0.4995 BTC.

Trader B buys 20,000 USDT with a Limit Order, and 0.1% of the maker’s fee is incurred. Therefore, Trader B will receive 19,980 USDT.

Compared with other exchanges, Bybit’s trading fees are among the most competitive, with trading fees as low as 0.01%, which is well below the industry average.

"My life has been a product of compound interest." — Warren Buffett

The “compounding effect” is the principle of reaping huge rewards from a series of small, smart choices. In crypto trading, this strategy can significantly impact the overall profitability of a trading strategy.

Let’s say you’ve decided to invest the money you’ve saved on the zero trading fees, based on the last 100 transactions totaling 2,000 USDT in 

, and generated a net return of 50% APR from your first investment.

Using the compounding formula in the statement, you can calculate the amount you'll get by the end of the week. Referencing the values below:

Daily yield = Principal + [the amount of the coin you've staked × (APR for the staked coin/365)] 

2,000 USDT + (2000 USDT × 50%/365) = 2,002.74 USDT

Assuming you reinvest the gains and continue to generate a 50% APR, your investment would grow exponentially. By day two, you would have:

2,002.74 USDT + (2,002.74 USDT × 50%/365) = 2,005.48 USDT

2,005.48 USDT + (2,005.48 USDT × 50%/365) = 2,008.28 USDT

… and so on, with your account balance continuing to grow over time.

By the end of the week (day 7), you would have: 

2,016.55 USDT + 2,016.55 USDT × 50%/365 = 2,019.32 USDT

This means that by the end of the week, your investment would have generated a gain of 2,019.32 USDT. Over time, the compounding effect will lead to exponential growth in your account balance. 

: The above scenario is just an example. Bybit Earn users need to compound their earnings manually. 

3 Ways to Build a Consistent Trading Habit

Start early and invest regularly — the more you invest, the more you save

Time is essential to growing our assets. Starting early and investing regularly helps to develop a consistent habit, lower opportunity costs and diversify your portfolio, reducing loss risks due to market volatility. 

For example, dollar-cost averaging (DCA) effectively accumulates wealth with a more sustainable and systematic approach as you regularly invest a fixed amount of money, regardless of market condition, to average out opportunity costs. DCA allows you to buy more cryptocurrency when prices are low, and less crypto when prices are high.

Stay alert — seize all trading offers and opportunities 

Staying informed about the latest news, trends and developments in the crypto market is integral to keeping on top of market changes and taking advantage of trading opportunities. In fact, setting up alerts and subscribing to a platform’s newsletter is a great way to stay ahead of the game. 

For example, Bybit offers great deals and promotions. You only need to sign up to be looped in on these exciting news items. 

Looking to exchange or convert one crypto for another instantly? Now you can do it at zero fees and slippage with 

 to enjoy trading fee or UTA interest rebates

If you're looking for a community-driven approach to buying and selling crypto, our 

 covers you! With zero fees you'll enjoy greater savings as a buyer or seller. 

Aug 14 and Aug 29, 2024, 20 new USDC Spot pairs will be listed on Bybit, which can be traded via Spot Grid Bots. To celebrate the USDC Spot pair listings, you can now trade all USDC Spot pairs with zero fees till further notice.

You can enjoy various benefits such as reduced fees as a VIP trader with Bybit. From 

Aug 15, 2024, 12PM (noon) UTC, a new VIP level has been introduced, Pro 6, for Spot, Derivatives (Perpetuals and Futures), and Options Trading, offering lower Taker Fees. Additionally, Derivatives Taker Fees have been reduced for Pro 3, 4 and 5.

 is an excellent way to save money on trading fees. Refer friends to Bybit and receive up to 30% in commissions whenever your referee completes a trade on Bybit.

Be sure to keep an eye on these exclusive campaigns with 

 every Monday. Complete simple tasks to earn additional trading bonuses and coupons.  

Bybit Zero Fees, Zero Excuses: 3 Ways to Build a Consistent Trading Habit

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards