Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

Advanced

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

NULS’s highly customizable blockchain infrastructure appeals to developers by offering features such as modular architecture and cross-chain technologies.

 project launches, one of the first questions it has to ask itself is, “Which chain should we build on?” The specific underlying blockchain technology that supports a 

 design makes a huge difference in the system's speed, reliability and flexibility. While Ethereum’s blockchain is a popular choice for developers, there are also some smaller chains that provide an even more developer-friendly environment. NULS has created a convenient and infinitely customizable blockchain that’s designed with developers in mind. Here's what you need to know about NULS and the NULS token.

 is a highly customizable blockchain infrastructure. It appeals to developers by offering features such as modular architecture, cross-chain technologies and high speeds. To make development on NULS as easy as possible, the blockchain offers a useful interface and a variety of tools.

The concept of NULS was first created by 

, who previously worked with the Chongqing TV & Science Educational Channel. To turn her dream into reality, Wang partnered with Jason Zhang, a software developer with a background in banking software, and Reaper Ran, a blockchain development enthusiast. 

This team officially founded their company in 2017. After creating the technology behind the system, the NULS team decided to hire Liesa Huang as their CEO. With Huang handling the business side of things, the NULS mainnet and token were launched in 2018. 

The NULS mission is to create a blockchain both by and for developers. As the web3 industry took off, the NULS team noticed that many blockchains were designed targeting investment instead of development. They wanted to create a system that was first and foremost for running other projects. Ultimately, NULS aims to be the blockchain ecosystem that businesses turn to when they want to create web3 projects, such as blockchain-backed rewards systems or blockchain-based games. To achieve this goal, NULS focuses on providing many developer-friendly features not found on other chains, including the following:

 a specific amount per verification, PoC consensus uses a large lump sum. Validators are required to stake a large pool of NULS tokens, which they receive back at the end of their validation period as long as they run the system correctly. However, validators receive yellow cards and/or red cards if they make mistakes or run out of computing power. Those who receive too many cards will have their assets frozen.

NULS then uses this underlying system to design a complex set of modules. The ecosystem runs as multiple chains, each one handling its own service. NULS includes a virtual machine for smart contracts, a cross-chain connection chain, a consensus module and more. This modular design allows developers to use and pay for only services that they actually need. 

The NULS platform is packed with features to help developers design exciting projects. Following are some of the key tools you'll encounter when you work with NULS. 

NULS ChainBox is the main development interface for the ecosystem. It includes six separate modules for a ledger, accounts, transactions, blocks, consensus and network. Since the easy interface guides users through each step and provides pre-made scripts for running programs, developers don't need any blockchain experience to work with ChainBox.

The SCO platform makes it easy for NULS community members to support NULS-based projects. Anyone who develops on the NULS chain can set up their system for staking. Stakers earn rewards in the form of the project's token, while the development team also earns NULS for helping to run their NULS project.

-compatible parallel chain. It runs as a 

 Ethereum chain that scales the network with better performance and lower gas fees. From ENULS, NULS developers can connect to multiple blockchain networks and transfer digital assets between Ethereum, BNB Chain, Optimism and other blockchains.

 styles for their users' convenience. They offer both a desktop wallet that connects straight to NULS, and a multichain wallet. The platform is also compatible with many third-party wallets, and has even ensured that people can stake NULS through them.

If you want to support the NULS blockchain and help it become an essential part of the blockchain space, staking is a great idea. Temporarily locking your tokens helps to run the NULS consensus mechanism, and also allows you to earn staking rewards. This is an easy way to obtain passive income from your NULS tokens.

NULS has spent the past seven years improving and refining its technology to meet market trends. The company started with a simple blockchain, but has slowly added more features like 

 development. NULS plans for 2024 primarily focus on optimization. For instance, the company hopes to fine-tune and improve its public service API, its automated market maker protocol and its documentation process. 

 also includes plans for more NULS community development. Each quarter, the company hopes to support the development of 10 new projects that can run on NULS. By 2025, NULS hopes to include a variety of 

 (DeFi) and GameFi apps that rely on the NULS blockchain.

NULS is the native token of the entire NULS ecosystem. In addition to its use in managing the chain’s consensus mechanism, NULS is also used for community governance and transaction fees. Each NULS token can be broken into 100 million smaller token pieces, called NA. NULS’s initial token supply of 100 million tokens was distributed to four separate groups as follows:

Like many other crypto startups, the NULS token experienced a huge price jump shortly after its airdrop. The coin reached an all-time high of $8.53 in 2018, and since then has gradually fallen below $1. In Mar 2024, NULS price went from $0.20 to $0.89 before decreasing back to $0.30. Its current price is $0.38 (as of Nov 28, 2024). Most people believe that moderate, positive growth is possible for the NULS token in late 2024.

 for NULS, but pricing data also supports this outlook. Analysis from CoinCodex suggests the price of NULS will rise to 

 by the end of 2025. NULS token prices are often closely linked to news from the NULS ecosystem, so every new project that launches on NULS and each new feature released on the NULS blockchain can contribute to price spikes.

Looking to trade NULS tokens? Bybit now offers NULSUSDT Perpetual contracts. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

NULS provides many unique opportunities for investors. The token is a good choice if you're a patient investor who likes holding onto coins for years, and selling when market conditions suddenly improve. In addition to its long-term growth, this coin is also experiencing some short-term fluctuations that might provide profit if NULS holders can time the market correctly.

Just keep in mind that NULS features more volatility than 

 like Bitcoin or Ethereum. It's probably not a reliable enough choice to become the main token in your portfolio, and market conditions will make a big difference in your potential profits. With this sort of token, it's essential to do a lot of 

 and follow standard risk-management best practices before making your final decision.

The NULS blockchain is a great example of how a specialized chain can improve the web3 space. By focusing on blockchain solutions for developers, NULS supports the development of new DApps and other web3 projects. Over the years, this blockchain has also done a great job of following market trends and providing continual maintenance for its users. If you're looking for a reliable crypto company to back, the 

Intermediate

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NULS (NULS): Efficient Blockchain Solutions for Developers

SOS Ltd. has announced plans to invest up to $50 million in Bitcoin (BTC), underscoring its commitment to expanding its blockchain and cryptocurrency investments.

Daily Top Performer — Ethereum Name Service (ENS)

The S&P 500 dropped 0.4% as investors took profits. Tech stocks led declines, and inflation data showed limited progress toward the Fed’s target. Markets now see a 34% chance of no Fed rate hike in December. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 5.46%, with Bitcoin and Ether rising by 6.20% and 9.42%, respectively in the past 24 hours.

Today's top performer is ENS, which surged 45.0% following the announcement of Namechain's vision for simplified, gas-free registration with faster transactions.

Ethereum Name Service (ENS), launched in May 2017,is a blockchain-based domain system on Ethereum, turning complex addresses into simple names, similar to DNS. It is secure, decentralized, and governed by its token holders. 

 on simplifying the registration process with key goals: enabling name registration from any L2 without connecting to Namechain, gas-free ETH payments, completing registration in a single transaction, and reducing wait times from 60 seconds to 10 seconds.

Check Out the Latest Prices, Charts, and Data of 

 plans to invest up to $50 million in Bitcoin (BTC), underscoring its commitment to expanding its blockchain and cryptocurrency investments. The decision comes as Bitcoin's price reaches historic highs, and SOS aims to leverage favorable market conditions, including improved U.S. regulations and growing institutional interest. The company will employ various quantitative trading strategies to manage this investment and optimize returns. SOS believes Bitcoin will play a significant role as a global strategic reserve asset, enhancing its long-term competitiveness and profitability in the digital asset sector.

Yesterday, BTC Spot ETF data showed a total inflow of $103 million, with $0 from GBTC and $103 million from non-GBTC sources.

 2000 points for verifying your uniqueness by scanning your face and minting it on the testnet. Use code 6de1553d if needed. Completing this task confirms you're non-sybil. New users can follow a detailed guide with screenshots 

Beginner

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SOS Ltd. Announces $50 Million Bitcoin Investment to Expand Digital Asset Strategy

Explore this article to find out how you can participate in Bybit Web3 Staking.

 can be both exciting and rewarding. If you’re wondering where to start so that you can 

, consider Bybit Web3 Staking. This relatively new addition to Bybit Web3 offers a seamless and user-friendly platform for those eager to embark on this journey. 

In this article, we'll guide you through the process of participating in Bybit Web3 Staking, ensuring you're well-equipped to maximize your crypto investments.

 is a platform that offers a convenient way to stake your tokens and generate earnings without the need to hop across different protocols or execute numerous transactions. 

Bybit Web3 Staking isn't just another staking platform — it's a holistic ecosystem tailored to enhance your crypto staking experience. Here's why it stands out.

In essence, Bybit Web3 Staking offers a blend of user-centric features, top-tier security and convenience, making it a compelling choice for anyone keen on maximizing their crypto returns.

How to Get Started With Bybit Web3 Staking

Now that you know more about Bybit Web3 Staking and why you should try it, here's a step-by-step guide to get you started. 

 before you can proceed with Bybit Web3 Staking. If you require any assistance in creating an account, please refer to our detailed 

tab in the navigation bar at the top left corner of the Bybit homepage. 

: After you’ve entered the Bybit Web3 Portal, hover your cursor over the 

tab in the navigation bar at the top of the page and click on 

: A pop-up window will appear. You can choose the wallet you wish to connect to (

button next to your preferred wallet. In this article, we’ll use the 

as an example. To connect to it, click on the 

button next to it, and enter your account details.

: After connecting your wallet, you can deposit funds by hovering your cursor over the 

page, you can view all available staking pools. Click on the 

 icon to adjust the display. You may arrange the pools according to 

: Click on your preferred staking pool to find our more information, such as:

: Input the amount you would like to stake, and click on 

: In the pop-up window, verify the details of your staking order. Please take note of the slippage and estimated cost, and click on 

: A pop-up window will appear to indicate that the transaction is being processed. Once the transaction is complete, you can view your transaction by clicking on 

Once you’ve successfully staked, the transaction details will be shown in

Your investment details, including the total yield accumulated, can also be found on the respective staking pool’s page.

On top of the base yield, some projects issue additional incentives. You may check your additional yields below.

The total value of your investments from all staking pools will also be displayed on the dashboard on the 

: If you’d like to unstake your holdings and claim your rewards, navigate to the 

: Select the pool you wish to redeem, and click on 

once you’ve confirmed that your details are correct.

: Confirm the redemption details, and click on 

 that the redemption process may take some time, and transaction details will be available under 

Bybit Web3 Staking offers a comprehensive and intuitive platform for crypto staking. Its user-friendly interface helps even those new to the world of staking to participate confidently and grow their investments. Whether you're a seasoned investor or just starting out, Bybit Web3 Staking is a reliable and efficient choice for your staking endeavors.

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How to Participate in Bybit Web3 Staking (Step-by-Step)

Altcoins

Crypto

Can you really earn free bitcoin & crypto? We debunk the myth and help you start earning your first crypto quickly and easily. Explore now.

The concept of free cryptocurrency was almost certainly 

, when he offered $100 in bitcoin rewards to every undergraduate student at the Massachusetts Institute of Technology. While some students held on to this windfall and eventually cashed in, others splurged on sushi at a local restaurant that accepted crypto for purchases.

Today, it’s still possible to get earn free crypto. Like the cashback rewards offered by credit card companies and special offers available from banks, the concept of free cryptocurrency incentivizes people to use blockchain platforms’ products or services. With the dollar cost average of bitcoin currently listed as 

, cashing in on these opportunities can potentially allow you to build a very nice nest egg for emergencies, or as a form of passive income.

Can You Really Earn Cryptocurrencies for Free?

It’s definitely possible to earn free cryptocurrency, including bitcoin, by making a few minor changes in your shopping habits and your overall approach to online activities. Crypto can be a lucrative investment, but it is volatile. While novices may be wary of its utility and value, earning crypto could be a good stepping stone to dipping your toe into a 

 with little to no capital required. Besides, it helps you become crypto-versed and gain confidence over time before diving into crypto trading.

Earning free bitcoins and other cryptocurrencies is widely available to both beginners who are more risk-averse and those well-versed in the crypto field. Some of these methods require a certain amount of effort on your part. Others are automated, requiring no effort to maintain. The following are some of the most practical ways to earn free crypto as a stream of passive income.

 was introduced as a marketing strategy intended to boost the visibility of newly launched digital currencies. It involves small amounts of a new cryptocurrency to be deposited directly into the crypto wallets of active members within the exchange. Crypto airdrops are safe, as they don’t require you to share your private keys, and there are often exchanges that hold accountability for the event. 

, which allows users on the platform to earn free cryptocurrency by fulfilling specific criteria, including a minimum trading amount at a given number of days within the target period. Participants who are confirmed as eligible receive free crypto by having it deposited into their accounts. 

Most cryptocurrency airdrop activities occur during the initial release of a new blockchain project. In some cases, however, companies or platforms may offer a crypto airdrop to promote their exchange and to boost awareness of their services among the blockchain community. A good way to keep track of upcoming cryptocurrency launches is CoinMarketCal’s 

, which features crypto news and regular updates on upcoming projects. 

Another way to earn free cryptocurrency is through crypto exchanges’ referral programs. These referral bonuses may require a specific spending amount by the person referred before the referring individual can earn free cryptocurrency. Coupons and other rewards may also be offered through these referral bonus programs. In most cases, referral bonuses are available for a limited amount of time, and may include added opportunities to earn crypto based on the referred individual’s trading volume. The people whom you refer will be required to use a link provided or a referral code to deposit and trade cryptocurrencies on the trading platform. Ultimately, the more users you refer, the more bonuses you’ll receive.

, for instance, offers up to $500 in reward bonuses for both you and your eligible referrals who use your referral link. If you have a fairly big circle of friends, a referral bonus is an excellent way for you to earn quick rewards and even combine the earnings with staking yields. 

Affiliate programs work similarly to referral bonuses. Rather than referring friends to the crypto platform, however, an affiliate program requires you to have an existing social network or a platform on which you can consistently reach a much larger audience. In essence, you’re endorsing the brand on your social media and blogs by sharing valuable content aligned to the trading platform’s mission and values. In addition, you can earn a commission for each client you direct to the crypto exchange platform.

 requires an application by opinion leaders and content creators before a link is provided for the applicant’s web content and social media sites. This is one of the most lucrative crypto earning programs, as you’ll be rewarded on a commission basis, based on your client’s trading volume. The more your clients trade, the more you’ll earn. The downside is you need to go through a stringent assessment in order to participate in the program and successfully become the exchange’s affiliate.

Staking is a way you can commit crypto assets on behalf of a blockchain platform or network. The parallel here with traditional finance is depositing money in a bank to earn interest. By pledging your cryptocurrency as backing for these platforms, you can earn crypto without monitoring your earnings regularly. The one downside of this strategy to earn free Bitcoin or other cryptocurrencies is that you may experience a financial loss if you’ve opted for a fixed staking program. Since crypto is volatile in nature, you may miss the opportunity to unstake your assets quickly enough to avoid crypto market downturns. 

 is a good example of a crypto staking system. By staking tokens to the BIT pool on Bybit, you can earn free BITs that can be used or redeemed on the platform at any time. This can help you to earn crypto even when you’re not actively trading on a crypto exchange.

Learn-and-earn crypto programs are designed to reward you with free crypto simply for reading crypto materials, watching videos and answering questions about the things you’ve learned. While most platforms include some amount of training and educational material about blockchain and digital currencies, only a few offer the opportunity to earn free Bitcoin or other cryptocurrencies in return for your investment of time.

Mining essentially means you’re using computing power to keep a network secure, and being rewarded for your services in exchange. 

 is one of the oldest methods for earning bitcoins, but it’s far from obsolete. The only problem is that mining tends to be more suitable for participants who are already equipped with crypto knowledge and have the financial capability to invest in the mining hardware that’s required. 

As the Bitcoin network’s hash rate and mining competition have increased, most miners are investing more in custom-made hardware to secure their rewards. You’ll also generally receive bitcoins if you complete a block of verified transactions that are then added to the blockchain. These Bitcoin mining rewards are 

, which will mean a decrease from 6.25 BTC to 3.125 BTC in the next four years. Bitcoin mining is also labor-intensive, and it’s expensive to maintain the hardware.

In most cases, your chances to break even on your expenses with the bitcoin you receive from your mining efforts are relatively low. Mining for lesser-known coins may be more lucrative with the potential rewards, but the risks of coins becoming worthless overnight are high. Thus, many people opt for cloud mining, which uses rented cloud computing power to mine crypto. For example, users can buy hashing power from 

 to get access to ETH mining with minimal entry price.

Peer-to-peer (P2P) lending is a form of 

) developed from the idea of borrowing funds from a lender, using cryptocurrencies as collateral. The concept relies on smart contract execution to allow lenders to lock up crypto funds in a lending pool and earn interest (crypto dividends) for 

. However, there are also programs like Flash Loans that let users borrow without collateral. 

Crypto lending is one of the easiest ways to generate steady passive income with your existing crypto assets, such as stablecoins or bitcoins. For example, you can select P2P lending by depositing 1 BTC in the wallet of a crypto lending platform to earn the weekly or annual interest rate. If the borrower doesn’t repay the loan, the over-collateralized assets from the borrower can be used to cover your losses. 

 is a Layer 2 protocol that runs on top of an existing blockchain (main chain). As a lightning node, you can charge small fees to process the transactions through Lightning’s payment channels. While Bitcoin nodes verify transactions on the blockchain, Lightning nodes only verify transactions that are privately and directly interacting with it in the payment channel. In exchange for your services in processing and verifying transactions, you earn rewards.

The downside is you’ll need an initial investment in hardware and software, and then only you can connect your nodes to payment channels to route payments. Generally, running a Lightning node won’t make you millions of dollars, but it’s a sustainable passive income if the demand for the Lightning Network continues to grow. 

There are certain activities that can put free Bitcoin into your crypto wallet. Some of the most popular ways to earn free Bitcoin include targeted blogging, browsing, playing games and spending money at select online retailers. These methods can help you to earn Bitcoin while doing the things you enjoy.

The advent of distributed ledger technologies has given rise to many types of content platforms. And the best part is some of these blogging platforms reward highly ranked content with free bitcoin that can be cashed out for dollars, or for other cryptocurrencies. If you’re struggling to get your hands on some crypto, blogging is one of the easiest ways to earn free bitcoins.

For example, Steemit rewards its users with native tokens (STEEM) for publishing and curating content. It aims to empower the creation of user-generated content to foster a collaborative and creative community. Since the platform is powered by Steem blockchain and run by the community, content creators are paid based on the upvotes they received from other users. The payout for each blog post is highly dependent on the value of these upvotes.

Typically, the more Steem Power is held in a user’s account, the more impactful the upvotes are, thus, the more crypto you’re going to earn. The rewards are stored on the distributed Steem blockchain, and a user can cash out the collected STEEM to their crypto wallet address. Blogging sites can often be a great starting point for cryptocurrency investors who are reluctant to risk their own money during their initial foray onto crypto platforms.

The idea of getting paid to search is straightforward. A user is paid for searching a query and watching the ads on a specific browser. Just like your everyday search on your preferred search engine, the Brave Browser rewards users who watch the ads with their native token — 

 (BAT). At the same time, if you’re earning extra free crypto tokens whenever a referral signs up for the browser. New users can be awarded $5 in BAT simply for downloading and using the browser for 30 days. Along with the other monthly rewards worth up to 25 to 40 BATs.

Alternatively, you can also join the Brave Rewards Program as a content creator. Your followers can choose to support your creation by rewarding you with BATs as and when they want or automating monthly transfers to support your content.

 have been around for a while but they took off specifically when 

 (NFT) sparks massive interest in the financial industry. In fact, there is news that people in the Philippines are earning NFTs as a source of income during the pandemic. These earned NFT can be bought and sold for a value.

The concept is similar to any game, except the in-game rewards are real. Generally, play-to-earn games incentivize users to collect in-game items and answer quizzes in exchange for crypto rewards. For example, players of 

 allow users to breed, battle and trading digital pets called Axies to earn income through NFTs. Whenever a player completes quests and farm resources, they’ll be rewarded. On the flip side, some of these games do require a decent amount of initial investment. In return, however, they may offer the opportunity to receive free crypto in return for completing in-game tasks.

Earn crypto by spending and receiving cashback

You can earn free cryptocurrency in much the same way you would earn cashback rewards from your credit or debit card issuer. As 

, credit cards that allow users to earn crypto are becoming increasingly popular in the financial marketplace. These credit cards offer a percentage of the purchases made on the cards in the form of free crypto rewards. By choosing to earn crypto for each of your purchases, you can build up a significant amount of bitcoin or other cryptocurrencies over time.

The idea of earning free crypto is not to be confused with winning a lottery. It won’t make you a millionaire overnight, but you can make an income out of it with proper strategy and consistency. As the adoption of Bitcoin and blockchain continue to grow, the free crypto you’ve earned might turn out to be worth more ten years from now than you may imagine. 

12 Promising Ways to Earn Free Crypto in 2022

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards