Mantle has launched the Mantle Index Four (MI4), an institutional-grade fund providing diversified exposure to yield-bearing digital assets. 

The S&P 500 rose 2.03% on strong Alphabet earnings and optimism over a possible Fed rate cut. Gold jumped 1.5% to $3,338 as trade tensions rose and a weaker dollar, along with falling yields, boosted demand. Fed rate cut signals also supported the rally. The Coindesk Indices, which tracks the broader crypto market, rose 0.74%, with Bitcoin up 0.06% and Ether down 1.89%, 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 INIT, up 15.4%, following the launch of Initia, which aims to revive the appchain concept with an interconnected network and an INIT token airdrop.

Initia (INIT), founded in 2022, is a modular blockchain platform that combines a Layer 1 network with customizable Layer 2 rollups, enabling scalable decentralized app development. It offers flexibility in virtual machines, gas tokens, and transaction systems, while ensuring interoperability and addressing issues like liquidity fragmentation and network congestion. Initia has 

 to revive the appchain concept by offering a network that integrates appchains in a cohesive, interconnected way. The platform emphasizes full-stack control for apps, avoiding fragmentation. Initia is also launching an airdrop with claims available until May 24, 2025. The native token, INIT, has a fixed supply of 1 billion, distributed across eight categories.

Check out the latest prices, charts, and data of 

, an institutional-grade fund providing diversified exposure to yield-bearing digital assets. In partnership with Securitize, which has tokenized over $3B in assets, the fund aims to fill a market gap by offering native yield generation in a traditional fund format. Mantle Treasury has committed up to $400M as the anchor investment. The fund will rebalance quarterly and incorporate DeFi-native staking strategies, such as mETH and bbSOL, while ensuring investor protections. MI4 targets both crypto-native and traditional investors, with Phase 1 rollout scheduled for Q2 2025.

Yesterday, BTC spot ETFs saw a total inflow of $114.7 million, all from non-GBTC funds, while GBTC recorded no flow.

Dolomite, the 10th largest DeFi lending app, is launching a 200M token 

 (20% of total supply) during its TGE on April 24, rewarding users based on platform usage. The DOLO token powers a three-token system alongside oDOLO and veDOLO, enabling incentives, governance, and potential revenue sharing. With over $800M in TVL, Dolomite expands to Berachain, integrating with its Proof of Liquidity system to offer advanced lending features and asset utility.

Beginner

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Mantle launches MI4 fund for institutional-grade digital asset exposure and yield generation

Ripple’s RLUSD stablecoin has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. 

Daily top performer — Sui Network (SUI)

The S&P 500 gained 1.67% on easing trade tensions and Fed reassurance, but pared gains after tariff cut hopes were downplayed. Gold fell from its $3,500 high, signaling a bearish reversal. Key support lies near $3,167, with further downside possible. The Coindesk Indices, which tracks the broader crypto market, fell 0.53%, with Bitcoin and Ether up 2.19% and 5.92%, 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 SUI, up 7.3%, following OVERTAKE's partnership with Sui to build a scalable and trustless game asset trading platform.

Sui Network (SUI), founded in 2022, is a Layer 1 blockchain by Mysten Labs, built to improve web3 scalability, speed, and security. It aims to reduce smart contract latency and support innovative NFT gaming, like Sui Monstar, with a developer-friendly environment. 

, efficient game asset trading platform. Leveraging Sui’s object-centric architecture, parallel execution, zkLogin, and modular infrastructure, OVERTAKE aims to enable trustless trading, verified in-game assets, and a real, on-chain game economy.

 has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. Initially slow, the stablecoin's growth has accelerated after its debut on Aave. RLUSD has a market cap close to $300 million and a supply cap, with borrowing limited to a specific amount. Ripple aims for RLUSD to become a top-five stablecoin by year-end. Ripple's collaboration with Chainlink enhances RLUSD’s utility across both institutional and DeFi applications.

Yesterday, BTC spot ETFs saw $273.8M in total inflows, all from non-GBTC funds.

, with 10% of MILK’s 1B supply allocated for eligible users—mPoint holders, oolitia NFT holders, and milkINIT testers. Opt-in is required for CEX claims; wallet claims need no action. Pre-deposits close April 26, 12 PM UTC.

Ripple’s RLUSD stablecoin gains momentum with Aave integration and growing DeFi presence

VanEck’s BNB Spot ETF proposal could bring BNB to U.S. markets, expanding access and marking a key milestone for BNB Chain's growth in regulated finance.

After the US Securities and Exchange Commission (SEC) approved spot exchange-traded fund (ETF) products based on 

 (ETH) in 2024, a flurry of new altcoin ETF applications emerged in early 2025. Many prominent asset management firms are vying for the approval of their ETF products, based on coins like 

 (AVAX) and others. Even some smaller-cap meme coins, specifically Pudgy Penguins' 

, have joined the SEC's ETF waiting list.

Given that most top cryptos already have their ETF applications filed with the country's financial regulator, it's little surprise that BNB Chain's 

, the fifth-largest cryptocurrency by market capitalization, has joined the bandwagon. In late March 2025, the New York–based global investment management giant VanEck registered a trust entity named VanEck BNB ETF in the US state of Delaware. The registration is an early sign that the acclaimed investment manager is planning to lodge a BNB ETF application with the SEC.

If approved, it will be the first US-based BNB ETF product on the market, likely leading to significant growth within BNB Chain's already well-established ecosystem.

On Mar 31, 2025, one of the leading asset managers in the world, VanEck, registered a trust named VanEck BNB ETF in the US state of Delaware. This is the strongest imaginable indicator that the company plans to subsequently launch an application with the SEC for the ETF’s approval. If approved by the regulator, the product will be the first spot ETF in the US to track BNB coin. As of the time of this writing (Apr 23, 2025), VanEck hasn't formally applied with the SEC, but this step is likely imminent.

Following the SEC filing, BNB coin will join a long list of other leading cryptocurrencies whose spot ETF applications have been lodged with the US regulator. Over the past few months, the SEC has received spot ETF applications for Solana, 

The VanEck BNB Spot ETF will track BNB coin, allowing holders to invest in the asset without directly holding it. While BNB is among the most popular assets in the crypto market, many investors are eschewing it and other cryptocurrencies due to their unregulated nature. Upon approval, the ETF product would be available for trading on regulated stock exchanges.

The exact composition of a crypto ETF product is usually unknown before its application is filed with the SEC. Therefore, we can assume that at this stage the ETF will be based entirely upon tracking BNB coin. Any additional components, such as minor holdings of other assets such as cash equivalents, could theoretically be included, but this will only be known upon VanEck’s formal application to the SEC.

VanEck itself is among the leading ETF issuers in the finance industry and is a pioneer of crypto ETFs. The firm already offers approved 

, and has filed applications with the SEC for spot ETFs based on several other cryptocurrencies, including a 

Currently, there’s no ETF in the US based on the BNB coin. In that respect, VanEck’s registration is the first serious effort to introduce such a product. Internationally, there is one exchange-traded product (ETP) that tracks BNB — the 21Shares Binance BNB ETP (ABNB), listed on the Swiss Stock Exchange. This ETP is offered by 21Shares, a leading digital asset management firm based in Zurich, Switzerland.

. ETPs may be based on various assets, such as stocks, bonds, commodities or cryptocurrencies. However, ETFs often offer better liquidity, lower fees and greater tax efficiency than other types of ETPs.

In short, despite the presence of the ABNB ETP on the market, the BNB ETF landscape remains an empty niche, as the 21Shares product isn’t a full-fledged ETF and has no regulatory approval in the US.

Current impact of BNB ETF applications on the crypto market

VanEck’s BNB ETF application — or, to be precise, its registration in Delaware — has so far had no immediate impact on the coin’s market price. In fact, BNB coin is currently trading at $615.68, barely different from its price of $600 in the early days of April when news of the ETF’s registration first surfaced.

BNB is a major cryptocurrency featuring at least one billion dollars in daily trading volumes. The news of VanEck's initiative is unlikely to seriously affect BNB’s price. However, if the ETF ultimately gains approval from the SEC, such a development may have a significant positive impact on the crypto's future price.

What will it mean if a Spot BNB ETF application is approved?

If the SEC approves the Spot BNB ETF, it will likely lead to higher demand for BNB coin — as demand from investors for the product rises, VanEck will need to source more BNB to back its ETF shares. This increased demand would push the price of BNB higher. As noted above, BNB is one of the market's largest cryptos and features substantial trading volumes. Therefore, it's unlikely that a Spot BNB ETF would cause drastic rises in the coin’s price. However, a certain positive price effect is a safe bet, and the magnitude of the effect will be directly related to the popularity of the ETF among investors.

Additionally, the ETF will improve the visibility of the BNB ecosystem, potentially leading to more 

 (DApps) and projects launched on its blockchain.

If approved by the SEC, the Spot BNB ETF by VanEck would usher in a new era for the coin. For the first time ever, BNB as a financial asset would become available through the regulated environment of US stock exchanges. This would not only help support the coin’s price and expand the chain’s ecosystem, but would also be a major reputational gain for Binance, the world’s largest crypto exchange and the corporate entity behind BNB Chain.

Over the years, Binance has had its fair share of troubles and arguments with US regulators. A fully approved spot ETF based on Binance’s own coin would, therefore, send a signal to the crypto market that the major components of the Binance ecosystem — BNB crypto, BNB Chain’s blockchain and the Binance crypto exchange — aren’t as risky to deal with as some Americans may believe.

Intermediate

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BNB Spot ETF: A new gateway as BNB Chain evolves

In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

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StakeStone (STO): Cross-chain liquid staking protocol

Bybit Learn

Trading

Bybit Trading Bot

Can you trade with ChatGPT? We dive right the strategies and find out if it's worth trading with an AI bot. 

AUG23_R17_Evergreen_Educational_How_Reliable_Is_a_ChatGPT_Trading_Strategy_.png

Trading is a dynamic and complex activity that requires skill, knowledge and experience. With the rise of the internet and sophisticated technology, trading has become extremely competitive. Many traders rely on algorithmic trading and 

 to improve performance and gain an edge. These systems use mathematical rules, data analysis and machine learning to generate and execute trading signals. They help traders reduce errors, save time, optimize profits and diversify portfolios. 

Unique selling points of AI trading include faster and more accurate data processing, quick adaptation to market changes and the ability to learn from mistakes. However, not all AI trading systems are equally reliable and profitable. One of the newest and most innovative AI systems is ChatGPT, a 

 (NLP) model that generates trading strategies based on conversation prompts. But how trustworthy is a ChatGPT trading strategy? 

This guide will answer this question and help you decide if trading with ChatGPT is right for you.

AI trading is a form of automated trading that uses 

 (AI) to analyze data, generate trading signals and execute trades. AI trading systems can make trading decisions at a speed and frequency beyond human capabilities. By processing vast amounts of data, AI identifies and executes trades efficiently and without the emotional biases that often affect human trading.

 is a type of AI trading that may use predefined mathematical rules and formulas based on factors such as technical indicators, price patterns and market trends. It’s also referred to as rule-based or black-box trading. 

, which incorporates self-learning algorithms that can analyze data, identify patterns and make predictions without explicit programming. This type of trading is also known as data-driven or white-box trading.

A ChatGPT trading strategy is an automated trading strategy generated with the help of ChatGPT. While ChatGPT cannot execute trades on its own, it can generate ideas, analyze and 

 data and help you tweak trading strategies.

ChatGPT is an AI chatbot that uses NLP to create responses to conversational prompts. It was created by 

, an organization focused on researching and developing artificial intelligence. Initially built on ChatGPT-3, the model has now progressed to ChatGPT-4, considered one of the most advanced NLP models available. ChatGPT-4 access requires a ChatGPT Plus subscription.

This versatile tool can generate stories and create code. Developing trading strategies is a particularly intriguing application of ChatGPT. By considering a trader's goals, preferences and risk tolerance, as well as market conditions, ChatGPT can generate customized strategies.

ChatGPT is not an execution platform or broker, and cannot submit live trades. Although ChatGPT can’t trade on your behalf, it can provide guidance on how to trade and improve your decision-making skills. It’s not a complete AI trading bot that can automatically execute trades through your broker account. Instead, it functions as a virtual assistant that suggests trading ideas based on your input.

To use ChatGPT for trading, you’ll also need other tools to implement the trading strategies it generates. These tools include access to a trading platform, such as Bybit. You’ll also need a data provider that gives historical and real-time market data. You can use 

 or online databases to obtain the necessary data.

You’ll also need a code interpreter that enables you to run the code generated by ChatGPT. Online tools like 

 can be used to run the code in your browser, 

 can be used as backtesting tools to evaluate the performance of the trading strategies suggested by ChatGPT using historical data.

Lastly, you can use risk management tools such as 

 to track your performance and manage your risk by controlling exposure and protecting your capital.

Although often used interchangeably, AI trading and algorithmic trading aren’t the same. Algorithmic trading usually involves using predefined mathematical rules and formulas to generate and execute trading signals, while AI trading is a broader term that also encompasses machine learning, a form of artificial intelligence (AI) that adapts systems to analyze data, detect patterns and make predictions without the need for explicit programming. 

The main difference between AI trading and algorithmic trading is that AI trading can learn from data and improve over time, while algorithmic trading follows fixed rules unless it’s manually updated. Additionally, AI trading can handle more complex and dynamic situations, such as changing market conditions and unforeseen events.

However, AI trading may be more challenging to understand, explain and trust than algorithmic trading. It can also be more prone to errors, biases and 

, and requires more data, computing power and maintenance.

How to Use ChatGPT to Create a Crypto Day Trading Strategy

Generating a crypto day-trading strategy involves gathering data, analyzing it, formulating your strategy and backtesting before trading live. You can use ChatGPT to help create a momentum trading strategy. 

To come up with the strategy, try the following prompts.

Ask ChatGPT to generate a list of successful momentum day trading strategies. The provided list includes indicators that may be used to generate a momentum strategy, including 

After gathering price data,you’ll upload it to the code interpreter on ChatGPT-4. You can then ask ChatGPT to create a momentum day-trading crypto strategy, based on the 

 of 1:3, where the final returns are at least 20%. Then, you can provide a sample strategy or try to iterate with the AI to determine a new strategy. ChatGPT will automatically backtest the strategy and provide results.

 is a pillar of any trading strategy. ChatGPT can suggest 

ChatGPT can also produce code to help implement the trading strategy on your preferred platform. However, it may not include all the code required for an automated trading bot, like error handling and order tracking. You’ll have to test and adjust the code before using it in a live trading environment. 

. You can ask for more help to improve the trading strategy and repeat the previous steps.

The effectiveness of a ChatGPT trading strategy depends on various factors, including the quality and quantity of data used for its training, as well as the clarity and specificity of the prompts used to communicate with it. Additional crucial factors to consider are the validity and robustness of the code generated by ChatGPT, and the performance and consistency of the trading strategy it generates. 

As a result, it’s difficult to definitively determine whether a ChatGPT trading strategy is reliable or not. Its effectiveness may vary depending on market conditions, trading plans and strategies, the cryptocurrency being traded and other factors. 

To assess the reliability of a ChatGPT trading strategy, it’s best to thoroughly test it with historical and real-time data using various tools and platforms. Furthermore, it’s always important to 

 and analysis before investing in any trading strategy, whether it’s generated by ChatGPT or not.

Exploring AI trading and generating trading strategies with ChatGPT can be an exciting and enjoyable experience. However, it's essential to remember that potential risks and challenges are involved. To use ChatGPT's suggestions and code effectively, you'll need access to various tools and platforms. You should also have some basic understanding of programming, data analysis, technical indicators and trading concepts.

It's important to recognize that ChatGPT's suggestions and code do have uncertainties and limitations. While helpful, they may not always be accurate, reliable or profitable. Ultimately, you are responsible for your own trading decisions and actions. ChatGPT cannot be held liable for any losses or damages resulting from using its suggestions or code.

Whether or not you decide to trade with ChatGPT depends upon market conditions and upon you. Consider your skills, knowledge, experience and resources before making a decision. When used wisely and cautiously, ChatGPT-assisted trading can be a rewarding experience. However, if used mindlessly or recklessly, it can also be a risky endeavor.

ChatGPT is a helpful tool that uses natural language processing to generate customized trading strategies based upon your own preferences, goals and risk tolerance, and upon current market conditions. It provides ready-made code that you can use with different platforms and tools, saving you time and effort. Furthermore, ChatGPT can inspire creativity by presenting various possibilities and scenarios for your consideration.

However, ChatGPT isn’t a magical solution that can guarantee you trading success, and it’s not a fully automated AI trading bot that can trade on your behalf. Instead, it acts as a virtual assistant, offering suggestions and code for you to implement and test independently. ChatGPT may not always generate profitable or reliable strategies, understand your prompts or respond to your queries in the best way possible. Therefore, make sure to use caution and discretion if you decide to use ChatGPT for trading. 

 This content is purely for educational purposes only. This is not an endorsement of Bybit products or services. The strategies discussed in this article are not intended to be financial advise. Users should consult professional financial advisors before making any financial decisions. 

How Reliable Is a ChatGPT Trading Strategy?

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