Vana empowers users to own, protect and profit from their personal data through decentralized DataDAOs. Learn more about how it works in this article.

Imagine a world where individuals regain control over their own data, taking it back from the hands of large corporations that often profit from it without consent. Enter Vana, an innovative platform that combines 

 with privacy-driven features to create a fairer, more transparent digital economy. This article explores what Vana is all about — and its exciting future potential in the decentralized data and AI space.

 is a blockchain network that gives users full control over their personal data through an 

 architecture. It enables decentralized data-sharing and monetization using DataDAOs (

), whose users can collectively own, manage and profit from their data, all while maintaining privacy and ownership.

Vana was co-founded by Art Abal and Anna Kazlauskas, two Filipinos with strong academic backgrounds and degrees from Harvard and MIT, respectively. It started as a research initiative in 2018, and has since grown into a project driven by the desire to empower individuals with control over their personal data. 

Vana seeks to address the current imbalance whereby large corporations profit from user data without fairly compensating the individuals who generate it. The goal is to create a new data economy in which users can benefit directly from the AI models built on their data, ensuring that the financial rewards of AI development are more fairly distributed. The name "Vana," short for "Nirvana," speaks to the project’s mission of liberating and empowering user data.

The Vana project attempts to challenge the status quo of data hoarding by large centralized organizations, and to tackle several key issues as follows.

Vana is designed to transform personal data into a valuable, user-controlled asset. It operates through the following three key layers.

Vana gives users the power to monetize and use their data in several ways, such as earning revenue from AI models trained on their data, or by integrating their data into applications for personalized experiences. Most importantly, users maintain detailed control over how their data is shared and used. As data contributors, they also receive governance rights within their respective DataDAOs, allowing them to make decisions about how their data is used and how the value is distributed.

Users receive a DLP-specific token when they submit data to a DataDAO, according to the DataDAO’s unique 

 that Vana uses to validate data submitted to its network. PoC maintains the reliability and value of the data within the Vana network. 

Vana acts as a trustless intermediary, connecting data owners, communities and users. It enables individuals to pool their data collectively in a secure and traceable manner while also allowing data users to monetize that data for purposes such as training AI models.

 is a central platform where users can buy, stake, trade and explore data tokens within the Vana ecosystem. It also enables users to contribute their data to DataDAOs, and earn rewards by staking their VANA tokens.

 is an incubator designed to support the growth and development of the Vana ecosystem. It provides tools and resources for users to create and manage DataDAOs, ensuring that high-quality data is available for AI model training and other applications.

DataDAOs are decentralized organizations that pool user-contributed data on the blockchain. They allow individuals to collectively own, manage and monetize their data for AI and other applications. Each DataDAO governs its own DLPs, ensuring that data is secure, private and used judiciously. 

 system incentivizes premium-quality data contributions by rewarding the top 16 DataDAOs every 21 days, based on total Vana tokens staked. This competitive structure ensures that the best datasets and contributors are recognized and rewarded, promoting innovation and growth within the Vana ecosystem

 commits 44% of its total token supply to empower the community. It rewards active participation, contributions and innovation across the Vana network. This includes incentives for high-quality data contributions to DataDAOs, early community rewards and support for developers building on Vana. 

Since its start as an MIT research project in 2018, Vana has made impressive progress, emerging as the first decentralized data liquidity network. 

Looking ahead, Vana aims to build a thriving decentralized data ecosystem and promote mass adoption with its clear road map:

The VANA token is the native cryptocurrency of the Vana Network. VANA serves multiple purposes within the Vana ecosystem, such as securing the network through staking, paying transaction fees, staking in DataDAOs, accessing datasets, acting as part of a trading pair and participating in decentralized governance.

The tokenomics of VANA are designed to align the interests of all participants in the Vana network. With a total supply capped at 120 million tokens, distribution is as follows:

 of $32.86 by the end of 2024 and $38.58 by 2025, with the potential to climb to approximately $112.78 by the end of 2030. Similarly, Coin Edition 

 a value of $50 by the end of 2025, with further growth expected up to $68 by 2030. 

Looking to purchase Vana tokens? Bybit now offers the VANA/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding 

 where you can earn a share of the 560,000 VANA prize pool. 

VANA offers a compelling investment opportunity, thanks to its innovative approach to data ownership, expanding ecosystem and optimistic market outlook. By tackling key challenges in the data economy, VANA empowers users while paving the way for decentralized AI development. However, as with any investment, it's important for potential investors to be mindful of market risks and do their 

Vana is empowering users to take full control of their personal data and even profit from it. By combining blockchain technology with robust privacy measures, Vana challenges traditional data systems and lays the foundation for a more equitable data economy. The platform's ambitious road map could position it as a key player in the future of decentralized AI, opening up new opportunities for individuals to become active participants in this increasingly data-driven world.

Intermediate

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Vana (VANA): Unlocking Data Freedom for User-Owned AI

Sonic and Injective are launching the first cross-chain AI agent platform, the Smart Agent Hub, integrating Solana and Injective ecosystems.

Last week, the S&P 500 saw its biggest single-day price gain this month. This raises the hopes of investors for a year-end rally if prices continue to go up. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.54%, with Bitcoin and Ether dropping by 1.24% and 1.00%, respectively in the past 24 hours.

Today's top performer is AAVE, which surged 7.7% following the integration of Aave in Balancer's Boosted Pools, simplifying yield generation.

Aave (AAVE), founded in 2017, is a decentralized lending platform on Ethereum for lending, borrowing, and earning interest on 17 cryptocurrencies. It uses smart contracts, collateral for loans, and aTokens for interest, along with features like instant loans. 

 combine markets to enhance capital efficiency and simplify yield generation for DeFi users. By providing liquidity with $USDC and $USDT, users earn fees from swaps and interest from Aave's supply rates. All earnings accrue automatically with no management required. Balancer v3's Boosted Pools streamline liquidity and enable gas-efficient, passive yield generation, making DeFi simpler and more sustainable.

Check Out the Latest Prices, Charts, and Data of 

, the Smart Agent Hub, integrating Solana and Injective ecosystems. The platform enables developers to create, manage, and monetize AI agents in a decentralized environment, with features like tokenization, cross-chain asset interoperability, and a unified developer experience. By leveraging Sonic's HyperGrid and Injective's IBC, the hub facilitates seamless communication and asset transfer across chains. This innovation supports Web3 games, DeFi, and real-world assets, expanding opportunities for AI agents in various sectors. The rollout begins with a testnet in Q1 2025.

From December 16–20, 2024, GBTC had a net outflow of $248.3M, while non-GBTC products saw a net inflow of $705.5M, resulting in a total inflow of $457.2M. The current total stands at a net outflow of $21.3B for GBTC, a net inflow of $57.3B for non-GBTC, and a combined net inflow of $36.03B.

 offers free participation with potential surprise airdrops. Connect your wallet, vote for projects, and use your CHILL FACTOR (based on past Avalanche transactions) to maximize eligibility.

Beginner

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Sonic and Injective Launch First Cross-Chain AI Agent Platform with Smart Agent Hub

Zerebro (ZEREBRO) revolutionizes AI content creation with Solana and Polygon, offering autonomous content generation, NFT minting, and DeFi integration.

 (AI) continues to unlock limitless opportunities in numerous sectors, including the crypto space. Projects such as 

 and others have had a large impact on various facets in 

AI-generated content is in demand, and the latest crypto project to enter the space, Zerebro, aims to provide a way to create and generate content autonomously through AI content models.

Let’s learn more about Zerebro and its innovative approach to content creation through AI.

Zerebro is an autonomous AI system crafted to create, distribute and analyze content across decentralized and social platforms.

 It maintains content diversity through the use of

 (RAG) system that creates a dynamic memory database, based on continuously updated human interactions.

Zerebro operates independently without human oversight using a concept known as hyperstition to merge fiction with reality, resulting in self-propagated narratives encompassing diverse cultural and financial scopes, with key uses of content creation and cultural integration across the digital community. Zerebro autonomously produces high-entropy content, ensuring diversity and originality, and engages audiences on various platforms, such as X (formerly Twitter), Instagram, Warpcast and Telegram.

Zerebro also integrates unique cultural themes through a feature known as “infinite backrooms” designed to elicit thought-provoking conversations among digital communities. Its data sets follow a nonlinear thought pattern, resulting in unpredictable and inherently viral outputs. This unique feature can be used to generate chaotic and surreal artworks that can be autonomously minted as 

 (POL) blockchain. Zerebro also features autonomous trading of artwork through the integration of memetic dynamics and market interaction analysis, thereby demonstrating the potential of AI to merge cultural creativity with 

ZEREBRO, the native token for the Zerebro ecosystem, is hosted on the 

 (SOL) blockchain. The maximum supply is 1 billion ZEREBRO tokens, with 999,972,148 tokens currently in circulation.

An autonomous AI system such as Zerebro has transformative potential in the crypto industry, especially in cultural content generation and financial markets. Its “hyperstition” approach to generating content can help influence markets by shaping investor behavior through an interplay between culture and technology.

Furthermore, the project intends to launch a unified memory across social media platforms that could significantly enhance information retention, leading to further engagement. The Zerebro team also intends to integrate the ZEREBRO token with DeFi protocols, opening holders to various income-generating opportunities, such as 

Zerebro has experienced some volatility since its launch, which isn’t unusual for a new project trying to establish a stable price floor. As of Dec 23, 2024, Zerebro is trading at $0.30, with a market cap of over $377 million. This price was over 6,350% higher than its all-time low of $0.0058 on Nov 3, 2024, and just 39% lower than its all-time high of $0.6153 on Nov 23, 2024.

That said, Zerebro is still a new project that’s subject to high volatility. We highly recommend you practice sound 

 crypto on Bybit’s Spot trading platform. To celebrate the listing, Bybit is holding a 

 up for grabs. The first event is exclusively for new users to deposit and earn from a prize pool of 150,000 ZEREBRO tokens.

To participate, simply register on Bybit and complete verification. Then, proceed to accumulate a deposit volume of at least 400 ZEREBRO, or deposit 100 USDT and trade 100 USDT worth of ZEREBRO via your first trade using your Bybit account. This event runs through Dec 24, 2024, 8:59AM UTC.

, is offering a prize pool of 60,000 ZEREBRO tokens. To earn a share of the prize pool, simply register for the event and trade at least 500 USDT worth of ZEREBRO on Spot through Dec 24, 2024, 8:59AM UTC. 

Rewards will be capped at 3,000 ZEREBRO per user.

In addition to these two events, you can also participate in a 

 with a 30,000 ZEREBRO prize pool. Earn 20 ZEREBRO for every successful referral (up to 10 referrals) Rewards are on a first-come, first-served basis through Dec 24, 2024, 8:59AM UTC. 

Zerebro’s unique autonomous AI system approach to the crypto market sets it apart in the space. Crypto subcultures will be able to tap into its ability to independently generate and analyze content across different networks. Its RAG technology could enhance content diversity among the crypto community, while its “infinite backrooms” are spaces in which these digital communities can engage in diverse cultural and financial narratives.

As AI continues to transform the web3 space, Zerebro is poised to add value through its autonomous system that eliminates human oversight.

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Zerebro (ZEREBRO): Unlimited Possibilities in AI Content Creation

Gearbox Protocol is a composable leveraged lending protocol designed to enhance capital efficiency within DeFi. Learn how Gearbox Protocol works.

 (DeFi) with its composable leverage system. It enables investors to use 

 on assets across multiple protocols, transforming how DeFi participants can trade with margin, 

 and execute complex strategies — all without leaving their ecosystem.

 is making leverage accessible and secure. Whether you’re a lender seeking passive yield or a leverage user exploring advanced strategies, Gearbox’s unique architecture opens up new possibilities. Let’s explore how this on-chain credit layer is improving DeFi.

Since the emergence of DeFi in 2020, it hasstrived to reimagine financial services by removing intermediaries, such as banks and brokers. Through

 systems, DeFi offers transparent and direct access to lending, trading and investments. Despite market fluctuations, the DeFi sector remains resilient, with a current 

 (TVL) of $123 billion — a 128% increase since the start of 2024.

The DeFi sector is poised for resurgence as secure and scalable innovations fuel its growth. With proven use cases and real-world adoption, DeFi continues to solidify its role as one of crypto’s most valuable use cases.

 (WLFI), backed by the Trump family, underscores a shifting acceptance of DeFi in the United States. The project’s multisig wallet has publicly 

 various DeFi tokens, such as AAVE, LINK, ENA and more. WLFI aims to make DeFi accessible to everyday users, but it remains to be seen if the project will achieve its goals.

Gearbox Protocol is a composable leveraged lending protocol designed to enhance capital efficiency within DeFi. By offering a flexible credit layer, Gearbox empowers users to leverage their positions across multiple DeFi platforms, seamlessly integrating with protocols they already trust.

Gearbox’s fundamental design minimizes costs while maintaining flexibility. Its modular architecture reduces gas costs and improves scalability..

Unlike traditional leveraged lending protocols that silo funds within their ecosystems, Gearbox allows users to execute trades and strategies across integrated platforms, such as 

 correlated assets, Gearbox offers a new way to utilize leverage without restrictions.

With Gearbox Protocol, leverage becomes a DeFi primitive — an infrastructure layer that lets users go beyond basic 

 containing both user funds and borrowed margin funds. They serve as automated leveraged DeFi wallets, allowing users to manage positions and execute strategies independently.

: Gearbox enables users to integrate leverage with DeFi protocols like Uniswap for margin trading, Curve for leverage farming, and more. This flexibility empowers diverse strategies across different platforms.

: Gearbox combines lending and prime brokerage functionalities within the same protocol, simplifying the user experience and expanding possibilities for leveraged trading and farming.

, Gearbox maximizes capital efficiency. It minimizes gas costs and ensures that funds remain noncustodial, unlocking the full potential of leverage without compromising user security.

, ensuring that all integrations, policies and upgrades are managed transparently and collectively by the community and stakeholders.

Gearbox Protocol operates through two main user types:

The Credit Accounts enable operations while maintaining safety through 

Gearbox’s modular architecture supports seamless integrations with third-party protocols, ensuring assets remain decentralized and noncustodial. Liquidations are determined by 

 (based on calculated risks), and protect lenders while offering dynamic leverage possibilities.

 utility token with a capped supply of 10 billion, is the governance token of Gearbox Protocol. It empowers DAO governance and supports initiatives, such as liquidity mining and staking rewards, with an annual emission of just 3% from the DAO's holdings. 

Token distribution percentages are as follows:

Nearly full circulation has been achieved, minimizing supply overhang as a majority of token 

 concluded in 2023. The DAO treasury retains around 40% of the supply, ensuring the community’s strong influence on protocol development.

Marketwise, GEAR has recently experienced notable price movements. Over the past seven days, the token has surged by 11.9%, and its 30-day performance skyrocketed by 166.3%. Year-to-date, GEAR's price has risen approximately 57.7%, reflecting increased investor confidence. Daily trading volume hit $11.8 million over the past 24 hours, marking a 600.3% spike that indicates growing market interest. 

Gearbox Protocol's innovative approach to DeFi simplifies user experience through its wallet-centric design and the integration of the 

. With a capped supply of 10 billion GEAR tokens, robust DAO governance and nearly full circulation, Gearbox prioritizes community-driven growth. 

Recent market performance reflects growing investor confidence, with significant price increases and a surge in trading activity.

Looking ahead, Gearbox Protocol’s road map focuses on enhancing usability and interoperability within the Ethereum ecosystem. The integration of Credit Accounts into account abstraction (AA) wallets such as EIP-4337 revolutionizes the way users can access and manage funds, eliminating the need for complex lending interfaces.

Future developments may include pool-based models and optimizers to tackle liquidity fragmentation, further strengthening 

 Ethereum solutions. As Gearbox Protocol evolves, its focus remains on delivering efficient, user-friendly financial tools that empower users and redefine DeFi as we know it.

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Gearbox: Powering On-Chain Credit for DeFi

Bybit Learn

Investing

Bitcoin

Worried about the Mt. Gox rehabilitation plan FUD? Here's all you need to know about the Mt. Gox settlement and how Bitcoin's price can be potentially impacted.

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 made headlines back in 2014. It was a devastating blow for many investors, who saw their life savings vanish overnight as over 800,000 bitcoins were stolen from the exchange. The aftershock rocked the crypto industry and sent prices plunging as fear and uncertainty spread.

Eight years later, Mt. Gox is in the news again — good news, that is. The failed BTC exchange has announced plans to return creditor assets, or at least some of them. 

So, what happens when Mt. Gox starts returning BTC to creditors? Will the beneficiaries offload their reclaimed BTC all at once? Will this reparation torpedo the price of BTC, or will its impact be negligible?

Let's look at the possible scenarios in the aftermath of the Mt. Gox settlement — and what those could mean for BTC.

Mt. Gox is a Tokyo-based cryptocurrency exchange 

McCaleb initially built the website that became the Mt. Gox exchange as a platform for players of the card game 

 to swap cards online. As cryptocurrencies became popular, the site switched to acting as a platform for exchanging Bitcoin and other cryptocurrencies. 

Interestingly, the name “Mt. Gox” is actually an acronym for “Magic: The Gathering Online Exchange.” In 2011, Mark Karpeles, a French developer, bought the exchange for six months' worth of revenue, becoming its largest shareholder and CEO. 

At its peak in 2013, the now defunct exchange 

 trading volume, and was considered the largest Bitcoin exchange globally. 

Given its prominence in the market, it wasn't long before the Mt. Gox exchange became a target for hackers. From 2011 to 2014, the exchange experienced several security issues, culminating in the theft of 650,000–850,000 BTC in February 2014.

That same year, Mt. Gox shut down its website and filed for bankruptcy. 

 on the platform, stating that the temporary freeze was a mere pause in withdrawal requests "to obtain a clear technical view of the current processes."

A few days later, the company issued a statement blaming the downtime on 

, a bug common with the Bitcoin code that makes it possible for bad actors to change transaction details. The defect made otherwise successful transactions appear as if they’d failed — a setup for scammers to get 

Meanwhile, on the Mt. Gox exchange, Bitcoin was trading at prices below $200 (instead of the market price of about $418) and traders feared the worst: Loss of funds due to the possible bankruptcy of Mt. Gox.

Days turned into weeks, and still the "temporary freeze” remained in place, triggering speculation and uncertainty. Finally, on February 24, 2014, the exchange 

 on the platform and shut down the website.

 revealed that hackers had stolen 744,408 bitcoins belonging to Mt. Gox customers, and an additional 100,000 bitcoins belonging to the company. The leak insinuated that the aforementioned transaction malleability glitch was to be blamed for the looting of Mt. Gox Bitcoin reserves from active accounts and cold storages. The massive theft resulted in the exchange’s insolvency.

As Mt. Gox's website went offline, the price of Bitcoin slipped by as much as 23%, and the following ripple effect plunged the price of crypto to new lows.

While the wheels fell off in February 2014, preliminary investigations indicated that hacking activities on Mt. Gox had been going on since 2011. 

In June 2011, the company experienced the first of its many security breaches when hackers managed to access the company's auditor's computer and 

. Bitcoin was trading at around $30 at the time. Then, using the private hot wallet keys (which provide access to digital assets) of Mt. Gox customers, the hackers bought over 2,000 bitcoins at this spurious price.

To make matters worse, Mt. Gox customers also bought 650 bitcoins at this manipulated price.

This early hacking incident prompted Mt. Gox to tighten security. However, the upgraded security couldn't stop the raid on the exchange.

Further investigations in the aftermath of the February 2014 debacle revealed that Mt. Gox’s unencrypted private key 

. However, it was unclear if the data compromise was due to a hacking attack or carried out with an insider's help.

With access to Mt. Gox's private key, criminals proceeded to move customers' BTC over the years. Bizarrely, the exchange was unaware of the sustained skimming of the digital assets in their custody.

It's believed the Mt. Gox system didn't view the transactions as suspicious but, rather, as customer-induced transfers to more secure wallet addresses.

But there was more to the Mt. Gox saga than the hack.

The Mt. Gox exchange had technically been insolvent for at least two years before the knowledge of the hack and BTC theft was made public. Although they had been operational, they claimed to be unaware of the BTC drain.

 even before Mark Karpeles bought the exchange in 2011. By Q2 of 2013, the exchange had already lost most of its Bitcoin, although it still maintained its position as the world's third largest and most popular Bitcoin exchange.

The fact that nobody in the company was aware of these events points to gross mismanagement and poor organization.

For instance, employees claimed that only Mark Karpeles could approve any changes to Mt. Gox's website's source code — matters he paid scant attention to, meaning critical security updates and bug fixes could take weeks to complete.

Circumstantial evidence points to a combination of gross incompetence and criminal intent on the part of Mark Karpeles for the Mt. Gox cataclysmic failure. But after his arrest and subsequent prosecution, the Tokyo District Court found him guilty only of falsely inflating Mt. Gox's holdings through data manipulation.

The court acquitted him of the weightier charges, like embezzlement and breach of trust, believing that Karpeles acted without ill intent. In March 2019, Karpeles was 

 30-month prison term, suspended for four years — meaning he wouldn't have to serve time if he stayed out of trouble for four years from the time of sentencing.

 in Japan, and two weeks later in the U.S. What followed was a flurry of legal troubles, with several creditors initiating class action lawsuits against the exchange.

 it had been using before June 2011. The company promised to distribute the BTC to the victims of the hack. However, since the company was under bankruptcy protection, the fund has since been held in trust for the creditors.

Toward the end of 2021, the Tokyo District Court 

 on the Mt. Gox rehabilitation plan, bringing nearly eight years of legal battle to a close.

The Proposed Mt. Gox BTC Rehabilitation Plan

 to return a portion of recovered BTC to investors who had lost their assets in the infamous Mt. Gox hack. Nobuaki Kobayashi, the court-appointed Rehabilitation Trustee, 

spelling out the rehabilitation process and instructions for victims to claim and recover their BTC.

The distribution of assets to customers of the defunct Mt. Gox exchange will start by 2023. The reparation will target around 10,000 customers globally, and the trustee has set the deadline for submitting claims with the necessary information (selection and registration) as January 10, 2023, Japan time.

According to the official letter, dated October 6, 2022, creditors must first register on the system to carry out the aforementioned selection and registration. Creditors will require a code for this mandatory initial registration. A detailed guideline on the processes can be accessed 

As part of the final process, creditors are expected to visit the 

 to register payee information and select a payment method from four options. While all creditors will receive a base payment, they're given flexibility when it comes to receiving the remainder of their deserved funds. These include early lump-sum repayment, repayment by bank remittance, repayment for a portion of cryptocurrency rehabilitation claims in cryptocurrency and repayment through a fund transfer service provider.

How the Mt. Gox Settlement Could Affect BTC Prices

Although news of the Mt. Gox settlement offers consolation for Mt. Gox customers, some industry analysts fear that sales generated from a significant portion of such a massive stash of refunded Bitcoin in the market may lead to undesirable consequences for Bitcoin and the crypto market in general. 

According to the rehabilitation plan, the total amounts to be returned to the Mt. Gox hacking victims are 

). While this may seem minute compared to the BTC 

, the usual FUD (fear, uncertainty and doubt) in such scenarios often triggers a much larger market movement.

Depending on the possible scenarios that may unfold following the execution of the Mt. Gox rehabilitation, savvy investors and traders can cash in on this important crypto event if they bet correctly. Let's explore the possible outcomes in detail.

Worst Case Scenario: Creditors Liquidate All Holdings

Let’s say the Mt. Gox creditors are settled at about the same time, and (theoretically) they all decide to sell off their BTC holdings (a sizable 16% of the total daily BTC trading volume of $16.3 billion as of Oct. 9, 2022).

This sudden influx could create sell pressure on BTC, forcing the price to potentially decline significantly. Take into consideration the already depressed Bitcoin market, and the possibility of a price tumble is realistic. Mt. Gox victims, spooked by the ongoing Bitcoin and crypto volatility, may opt to sell their reclaimed BTC, triggering more market turbulence.

However, even in a crisis, opportunities are ever present. Investors can short BTC and gain off the possible plunge in its price.

Are you confident that the rehabilitation plan will trigger a slump in BTC prices? If you are, here's how to profit through the short-selling route on Bybit.

Follow these simple steps to short BTC on Bybit.

Step 1: Log in to your Bybit account and transfer funds to your Derivatives account 

You have now placed your short-sell order. If BTC’s price drops to meet your 

 price, your position will automatically be closed and you’ll have made a profit. If, on the other hand, the price rises to meet your 

, your position will automatically be closed at a loss.

Best Case Scenario: BTC Holds Support as Creditors HODL On

The opposite scenario is a possibility: BTC prices retain support (and even rise) in the long term, as beneficiaries of the BTC rehabilitation plan decide to HODL. Most industry watchers believe this scenario to be more likely — because most creditors wouldn’t want to sell off their reclaimed BTC in a hurry. Analysts believe these creditors to be hard-core Bitcoin enthusiasts who are some of the earliest adopters of Bitcoin, and are thus more likely to HODL.

Another factor supporting the forecast of a minimal impact of the rehabilitation plan is the rehabilitation debtor's offer of different payment payout plans. Again, the payout process is expected to take several months, reducing the possibility of mass dumping of BTC into the market that could cause further volatility. 

In this case, it would be prudent to go long on BTC.

 on Bybit can be done in a few simple steps.

Step 1: Log in to your Bybit account and fund your Spot account 

The proposed rehabilitation plan for victims of the Mt. Gox hack and its impact on the price movement of BTC has been the subject of intense speculation. The proposed Mt. Gox settlement has triggered concerns that such a large amount of BTC entering the market at the same time could cause a significant dip in BTC’s price.

Of course, creditors selling off their reclaimed tokens all at once could trigger some negative price movement. But this is unlikely, since the payments won’t happen at the same time, according to the scheme set out in the rehabilitation plan.

Furthermore, many former Mt. Gox customers are less likely to sell, being staunch believers and early adopters of the digital asset. These speculations dispel the likelihood of the Mt. Gox rehabilitation plan tanking BTC prices and unsettling the market.

Mt. Gox Settlement: How the Payouts Could Impact Bitcoin Prices

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