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.

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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

Altcoins

Ethereum Triple Halving contributes to the ETH deflationary model. But is it viable and will ETH price soar? Here's what you need to know.

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 has been one of the most popular altcoins. It's reputable, just like Bitcoin, but it mainly boasts its utility. One of the newest changes to Ethereum has been the 

 upgrades. These adjustments allowed Ethereum to transition from a 

 (PoS) model. If you've been looking into these changes, you might come across the term — "Ethereum Triple Halving." Many investors, traders and industry experts are looking on with an eagerness of anticipation to see how it will impact the ETH prices, fees and more. 

In this post, we'll break down what exactly Ethereum Triple Halving is and highlight its potential implications for users, developers and stakeholders. We'll factor in the current market expectations and sentiment surrounding the ETH price movement leading up to and following the coin's 

. By the end of the blog, you should be better equipped with the ins and outs of ETH to make an informed decision about your investment. 

Ethereum Triple Halving involves a reduction of ETH's block reward from three (3) ETH block rewards to one (1) ETH, which will happen every four to six years. It is designed to reduce the inflation rate within the Ethereum network, in which the move is likely beneficial to increase the value of ETH over time. The term gets its name from the practice of 

, where Bitcoin mining rewards are halved every four years. Triple halving is similar, but it happens at a much larger scale. This is accomplished by reducing the block reward miners receive every time they successfully verify a transaction block. Similar to Bitcoin halving, Ethereum miners will be rewarded with the token whenever a coin is newly minted. However, Ethereum also pays out transaction fees associated with every mined block. 

How Does the Ethereum Triple Halving Work?

Multiple factors behind the drop in ETH issuance are mostly tied to the transition from PoW to PoS mining. This essentially means the number of ETH created with each block will decrease over time. Since PoS is less intensive than PoW for miners, Ethereum is reducing the reward for token validators. 

Before the change, miners generated around a 4% increase in tokens per year. Afterward, there will only be a 0.5% increase in tokens per year. In other words, triple halving will trigger the reduction of miner rewards from three ETH per block to one ETH every 12 seconds across all mining pools. This reduction will ultimately help to incentivize miners to move towards transaction fees as their source of income. 

In addition to reducing the number of coins produced, the Ethereum upgrade also reduces the number of circulating coins. To mine ETH, miners must show proof of having a cryptocurrency staked. The new mechanism involves 

 where miners' existing tokens are locked for several months after they begin mining. These assets can't circulate until the locking period is up, so ETH staking means there will be less ETH moving around on the network.

When it comes to token burning, with each transaction, a small percentage of the token will be sent to an address that can only receive tokens instead of sending them. This "burns" the tokens and removes them entirely from circulation. The 

 is essentially a fee you pay for any transaction, and it also means that the token supply will drop slowly over time. This intentionally deflationary method helps keep supply from increasing rapidly.

Ethereum's History: Proof of Work vs. Proof of Stake vs. The Merge

To understand why all these changes are happening, it's important to understand Ethereum's history. Ethereum was first launched as a traditional cryptocurrency. However, as it grew, the founders realized there were some scalability issues. They ultimately decided to make an alteration to their network to address these issues, ensuring the blockchain could continue to function as a development platform.

Starting in 2020, Ethereum began the official 

 through the Ethereum Merge. The PoW is a token mining method where people use computers to solve mathematical puzzles and then get rewards for their effort. Meanwhile, PoS relies on the random selection of available validators who staked their crypto to validate a transaction.

PoW is controversial because of its cost and environmental impact. Meanwhile, PoS is more straightforward to implement and less resource-intensive to manage. This makes it more scalable to validate new transactions and gets token holders more involved with the Ethereum blockchain. 

Starting in December 2020, Ethereum launched the 

 to test Ethereum staking. This went so well that they decided to move the Beacon Chain to the main chain in an event called The Merge. Implemented in September 2022, The Merge turned the main Ethereum chain into a PoS consensus mechanism.

What Do Validators Consuming Less Energy Post-Merge Mean?

One of the big selling points for The Merge is that it's more eco-friendly. Validators will use less energy because they no longer have to run computers for days to mine coins. Previously, the only way to create a new ETH was by feeding computer energy so it could solve mathematical puzzles. Since crypto mining uses up to 

 of electricity each year, this mining method is a massive source of environmental damage.

The proof of stake validation transition is expected to reduce energy consumption by 99.84%. Almost no computation energy is required for Ethereum 2.0 because the new mining method consists of participants voting to validate a new transaction successfully. The only energy consumed is the energy needed to run the systems for a few seconds. This massive decline in power will mean that Ethereum is significantly more sustainable.

How Does Ethereum Triple Halving Affect the Price of ETH?

When the Ethereum Triple Halving process first took effect, prices dropped drastically. Despite ETH users anticipating The Merge for years, token prices dropped by over 20% in the days following the triple halving. The coin dropped from around $1,700 to roughly $1,200.

 was mostly from day traders speculating wildly in the days leading up to The Merge. After a brief period of being over-inflated, The Merge encouraged the ETH price to stabilize. Since then, prices have fluctuated within a plausible range, but they are on a steady rise. As of early February 2023, ETH is slightly over the $1,640 range.

How Does Triple Halving Impact the Scarcity of ETH?

One of the most notable effects of the Ethereum Triple Halving is that it changes the supply of ETH. Triple halving doesn't mean that the number of ETH in circulation will drastically drop. However, it will greatly slow the rate at which tokens are generated. While other cryptocurrencies will continue adding hundreds of tokens daily, Ethereum's production rate will be much slower.

This will give Ethereum tokens more scarcity than other cryptos. Due to the effects of The Merge, it is now officially a deflationary token. In the future, it may be a challenge for investors to get their hands on ETH without paying a high price. The scarcity also makes ETH a more logical choice for transactions because people can accept payments without worrying that inflation will make their funds valueless over time.

The practice of "burning" a small portion of ETH each time a user makes a transaction has dramatically contributed to the triple halving. Under the 

, users agree to pay a small base fee for each transaction, which is immediately burned, and users can also pay a small tip to prioritize their transactions.

The exact amount of the base fee burn varies depending on how full the blocks are. It can increase and decrease by up to 12.5%. Over time, all these small percentages add up quite a bit. They allow extra Ethereum tokens to be removed from circulation, which can help to reduce potential inflation. There has already been a noticeable effect from the EIP-1599 burn. Since this fee burn went into effect in 2019, it's burned over two million ETH.

What Are the Ethereum Triple Halving Price Predictions for the Future?

Ethereum spokespeople emphasize that triple halving is about long-term success, not short-term profit. As the benefits of the Ethereum Merge slowly appear, prices will hopefully rise. There's certainly a chance the price will continue to fluctuate soon, but most people believe the Ethereum Triple Halving will eventually lead to slow but steady gains.

Prices are predicted to eventually rise because the triple halving will likely allow for future growth and usability. Its main advantages will lie in making ETH more stable and versatile than its competitors. Though its prices aren't likely to soar above all other cryptos, triple halving can potentially prevent it from dropping drastically when other cryptos on the market dip.

In the upcoming months, you can expect to see some growth in ETH prices, but don't expect anything too drastic. Most crypto experts are predicting short-term prices in the $1,800 to $2,200 range. There will be at least a few drops as the sudden changes cause some disruption among ETH users. However, price predictions are a lot more bullish in the long run.

Because Ethereum Triple Halving creates such a bright future for the coins, the outlook is very promising. Deflationary pressure and an eco-friendly mining model will potentially turn ETH into the most usable cryptocurrency for day-to-day transactions. If this happens, prices will likely increase as the number of transactions rises. In the next few years, it's a positive outlook for ETH to break the $2,000 mark again and could easily top out above its previous all-time high of $4,811.

What is Ethereum's price likely to be in the next decade? Though everyone agrees that the value of Ethereum tokens is on the rise, they are still determining how much their price will increase. Some investors offer extremely optimistic guesses. Ark Invest released a report saying they believe Ethereum will meet a 

 by 2030, meaning each ETH coin would have a price of roughly $170,000. Likewise, Pantera Capital's CEO says he believes ETH will hit six-figure prices by 2030.

While such high prices would be impressive, most economists recommend a little more caution. The reality is that the days of random crypto rocketing to sky-high prices might be in the past. Instead of extreme volatility, some experts believe we will see slow, steady rises similar to more traditional assets. According to these models, Ethereum may reach prices of around $20,000 per token by 2030.

The ETH Triple Halving is an interesting side effect of the Ethereum Merge. This series of upgrades to the coin will transition the crypto to a PoS model, and it also means the amount of new Ethereum tokens will drastically decline. All of these changes are likely to cause some volatility for ETH prices in the next few months, but they have the potential to make the coin a lot more valuable in the future. Interested in learning more about Ethereum and crypto investing? Check out 

How Will Ethereum Triple Halving Impact ETH's Price?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards