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

Options

ETH options allows you to own ETH without having to buy the asset itself.  Find out how you can trade this crypto option.

Global interest in cryptocurrency, whether

, has soared over the past few years. Crypto is currently a hot topic of conversation on various social media platforms, including TikTok, Twitter and YouTube. Statistics show that

 have dabbled in cryptocurrencies. The global cryptocurrency market cap 

, and it isn't just the assets that are gaining popularity.

At present, a number of crypto derivatives and futures are available for trading in the crypto markets.

 are a kind of derivative — a financial instrument that can be used to hedge or research and speculate on an asset's value.

More specifically, a crypto option provides the buyer the right (without any obligation) to purchase or sell the underlying cryptocurrency for a set price at (or before) a fixed expiration date. The right to buy the underlying cryptocurrency is referred to as a “call” while the right to sell is called a “put.”

In 2013, Vitalik Buterin, the co-founder of Ethereum, released a white paper detailing the blockchain's operations, including its mechanics, applications and potential areas for concern. Two years later, Buterin and Joe Lubin, the founder of blockchain software startup

, jointly launched the Ethereum platform.

Ethereum's founders aimed to build an electronic, programmable network with use cases beyond enabling the safe trade of virtual currency. In 2016, a group of Ethereum network participants obtained majority control of its blockchain. In June of that year, a hacker took the opportunity to 

To restore the stolen funds, Ethereum members voted on a 

 was born. A small proportion of the community, however, decided to remain on the original Ethereum blockchain.

Since its launch, Ethereum has climbed to the #2 spot of CoinMarketCap’s cryptocurrency rankings, and has managed to retain its position ever since. As of June 22, 2022, it has a

You can now trade ETH options from various crypto exchanges. Crypto options such as ETH options are popular because they allow plenty of room for leverage. Instead of paying $1,150 to buy 1 ETH, you can spend a much lower amount of money on ETH options, and technically own a larger amount of Ethereum by doing so.

Broadly, ETH options can be classified into two categories: Call options (bullish bets) and put options (bearish). While call options are used to buy assets, put options are used to sell assets.

 A type of option that allows the trader to only exercise the contract at the time of its expiration.

With American options, buyers can exercise their contracts at any time before they expire. Because American alternatives provide more flexibility, they’re usually more expensive than European or Bermuda-style options.

 A restricted type of American option, Bermuda has two deadlines on which the options might be exercised — the expiration date, and specific dates before expiry.

Cryptocurrency traders can buy options for exposure to capital appreciation, or they can sell them to earn a premium. Both put and call options can be purchased and sold. It's important to note, however, that neither choice is risk-free.

 network — a decentralized, distributed public ledger that verifies and records all transactions. In blockchain transactions, cryptography is employed to keep the network secure and validate transactions.

With the help of computers, users can "mine" ETH by solving complex algebraic calculations. In this way, validated transactions are executed on the blockchain network and add new blocks. Traders are given cryptocurrency tokens as a reward, and these tokens in the Ethereum platforms are termed Ether, or ETH.

The Ethereum network may be used to store data and run decentralized apps (

). Users can even host software on the Ethereum blockchain.

 is an agreement that grants its holder authority (without obligation) to purchase and sell an asset on an agreed-upon date at a set price.

 provides holders with the right to buy a specific amount of Ether on a specific date, at a predetermined price.

 provides holders with the right to sell a specific amount of Ether on a particular date, at a specific price.

The main factors that determine an option’s price are:

The price of a call option increases with an increase in the price of the underlying asset. Conversely, the price of a put option decreases with an increase in the price of the underlying asset.

The principal trading venues for buying ETH options are centralized exchanges, such as FTX or KuCoin. Some exchanges settle crypto options contracts in cash, whereas others physically distribute crypto assets to investors after a trade is completed. Factors such as platform costs, asset liquidity and personal trading strategy should be assessed before choosing a venue for trading.

Recently, noncustodial options trading systems on Ethereum have been gaining traction. While not very liquid

 options platforms are compatible with Ethereum's 

 (DeFi) stack. The majority of permissionless options trading systems are modeled after standard options protocols.

Crypto options can serve as an affordable, low-risk alternative to perpetual swaps or futures. Like other derivatives, options contracts allow traders to bet on the future price of an underlying asset. They can be settled in cash (U.S. dollars) or cryptocurrencies (Bitcoin, Ether, etc.).

The target price of each option is known as the “strike price,” which determines whether an option can be exercised. The value of an option is dependent on the difference in price between the strike price and that of the underlying asset.

The strike price of call options is the price at which the option holder can purchase the assets. On the other hand, the strike price of put options is the price at which the assets can be sold. Strike prices are standardized, which means they are set in predetermined monetary amounts.

The “expiration date” for an Ethereum option means the deadline for exercising option contracts. An option expiring "in the money" provides the owner of the option the choice to exercise it, or to close the position to collect the profit. If an option is "out of the money" on the day it expires, it loses all value. If you don't intend to exercise your option, you can exit your contract before it expires and either profit or lose money.

This occurs when the strike cost of an option is more favorable than the market price of the underlying asset. An in-the-money (ITM) call option relates to the ability of the option holder to purchase an asset at a cost lower than the market rate. With an ITM put option, the option holder can sell the asset at a price higher than the current market price.

The strike price of an out-of-the-money (OTM) 

 option is greater than the market worth of the underlying asset, while an OTM 

 option has a strike rate that is lower than the underlying asset's market rate.

Traders can still benefit from buying OTM. One possible scenario is that they’ve purchased a less expensive OTM option, but that option is now getting closer to becoming ITM. As such, even though the option is currently OTM, it may become worth more than the trader paid for it.

In this case, the price of the underlying asset is equal to the strike price of the option.

Many factors come into play when determining the value of Ether or ETH options. Pricing is influenced by several variables, all of which should be taken into consideration before you enter a contract.

ETH options allow users to hedge against risk and improve market equilibrium by providing opportunities for 

. They’re cost-effective since they don’t demand an upfront charge when issuing a contract. Another advantage is that you don't have to exercise the contract if you don't want to — you can choose to opt out of the contract. Options also boost the liquidity of the market.

The market for ETH options is quite volatile. As with other asset classes, traders have a better chance of making a profit if the market moves in their favor.

For buyers, the key advantage of making informed options investment decisions is that they’re under no obligation to exercise a contract if they don’t want to. Crypto options carry a risk that’s limited to the premium paid. If the market goes against an options buyer, the resulting exposure won’t lose more than their initial investment.

If you're looking to diversify your portfolio with options, ETH options may be a good entry point. Alternatively, you can trade another type of crypto option,

ETH Options: How to Own Ethereum Without Actually Buying It

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards