Vitalik Buterin has outlined a nine-step roadmap to improve privacy on Ethereum, aiming to enhance user privacy with minimal changes to the network’s consensus.

The S&P 500 rose 5.7% last week after a tariff delay eased trade war fears; investors now await major earnings reports. Gold hit a record $3,200 amid trade tensions, a weaker dollar, and rising Fed rate cut expectations, with strong support from ETF inflows and central bank buying. CoinDesk Indices, which tracks the broader crypto market, dropped 0.31% in the past 24 hours, Bitcoin and Ether rose 1.22% and 2.00%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is BABY, up 25%, following the launch of Babylon's L1 mainnet and its partnership with Axelar for interoperability.

Babylon (BABY), launched on August 22, 2024, is a Bitcoin staking platform that enables users to earn income by temporarily locking their BTC tokens. Its trustless design differentiates it from other platforms by reducing the risk of malicious activity. Babylon 

 its Layer 1 mainnet, Genesis, and native token, BABY, on April 10, alongside a partnership with Axelar for blockchain interoperability. With over $4 billion in Bitcoin staked, Babylon allows Bitcoin holders to stake directly, earning rewards in BABY, which also serves for gas and governance. The launch marks Bitcoin’s entry into the staking market.

Check out the latest prices, charts, and data of 

 to improve privacy on Ethereum, aiming to enhance user privacy with minimal changes to the network’s consensus. Key steps include integrating privacy tools like Privacy Pools into wallets, making private sends the default, and adopting a "one address per application" standard. Buterin also proposed using trusted execution environments (TEEs) for short-term privacy solutions, transitioning to private information retrieval (PIR) for stronger privacy. Additional suggestions include supporting privacy protocols and allowing multiple privacy transactions to share a single proof. The goal is to ensure stronger privacy protections against RPC node adversaries.

Between April 7–11, 2025, Bitcoin spot ETFs recorded a total net outflow of $707.9 million, driven by $160.9 million from GBTC and $547 million from non-GBTC products, with the largest outflow occurring on April 8. Despite the weekly dip, total flows since inception remain positive at $35.5 billion, as $58.2 billion has flowed into non-GBTC ETFs, outweighing the $22.8 billion in cumulative GBTC outflows.

, a new Layer 1 blockchain backed by Arweave and Framework Ventures, has launched its testnet and arcade portal. Users can earn test IRYS tokens by playing games like Snake and Frogger, potentially qualifying for a future airdrop. Daily faucet claims and active participation may increase rewards.

Beginner

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Vitalik Buterin outlines nine-step plan to enhance privacy on Ethereum

Explore Siren (SIREN), the AI-powered crypto platform blending meme culture with smart investing tools, trading insights and on-chain automation.

As artificial intelligence (AI) continues to shift narratives in most sectors, the 

 space hasn’t been left behind. There’s been an influx of projects leveraging this technology, especially those incorporating 

 into their operations. According to our 

, the market capitalization for AI agents grew to over $15.5 billion by the end of Q4 2024.

One such project that’s leveraging blockchain technology and AI to add value for its investors is Siren (SIREN). The platform cleverly combines AI with the viral nature of meme culture to provide efficiency to crypto users.

 (SIREN)’s blockchain/AI platform provides users with access to smart investing and automated trading as they explore the 

. The project attracts web3 users by merging the appeal of meme culture with AI via AI agents.

Siren’s AI agents are based on the legendary sirens in Greek mythology, who enchant beings with celestial songs. As such, Siren’s AI agents are designed to draw users into the fascinating world of crypto.

Siren was launched by Four.meme, a project by 

 (formerly BinaryX) that provides a platform on which people can create tokens with zero fees. Just as 

 promotes Solana’s blockchain, Four.meme has been driving the meme culture narrative on 

Since its launch, Siren has been stirring the tides of crypto space. On Mar 20, 2025, SIREN was listed by 

 and BNB CARD. Upon its listing on Bitget on Mar 21, 2025, SIREN experienced a brief surge to almost $0.10 on Mar 22, which boosted its accessibility and liquidity.

Siren’s advanced AI tools enhance the user experience with the following key features.

Siren’s smart assistant, SIREN AI, serves as a personal aide, capable of managing schedules, setting reminders and delivering real-time information tailored to an individual’s investment preferences. By comprehending user habits and needs, it offers proactive suggestions to aid you in your investment decisions.

Represented as two alluring siren sisters, SIREN AI has two distinct functions. Rationality is the logic-driven sister who provides data-driven investment advice, while Imagination brings out the creative side of SIREN AI’s ability to spot new investment opportunities.

Complementing the SIREN AI smart assistant is the AI trading agent, a tool designed for the financial sector. It analyzes market trends and executes trades on behalf of users, utilizing advanced algorithms to process vast amounts of financial data. The agent then uses the data provided to make informed decisions, aiming to optimize investment strategies and potentially enhance returns.​ With multichain support and AI-powered analytics, the trading agent aims to offer advanced market intelligence across diverse ecosystems.

Apart from the AI assistant and trading agent, Siren AI also envisions tying the DeFi system together and leveraging AI agents for participation in DAO governance and optimization of new web3 functions.

Together, these three functions create a holistic ecosystem to revolutionize your DeFi experience. By integrating these capabilities, SIREN AI offers a comprehensive solution that empowers users with intuitive support, real-time insights and dynamic participation in the DeFi world.

 Perpetual contract in Bybit’s Innovation Zone with leverage of up to 25x. The Innovation Zone lists projects handpicked by the Bybit team, giving you early access to potentially high-return investments (at a higher fee and associated risk).

As of Apr 14, 2025, SIREN was trading at $0.0495, a 53.6% drop from its ATH of $0.11 on Feb 19, 2025, and a 89.3% increase from its ATL of $0.026 on Mar 11, 2025. As of Apr 14, 2025, SIREN’s market cap stands at $36.66 million, with a daily trading volume of $13.46 million.

Crypto prediction experts are pretty bullish on SIREN’s price. According to DigitalCoinPrice, 

 a maximum price of $0.18 in 2027 and increase to $0.27 by 2030. Meanwhile, CoinCodex 

 that SIREN could trade at $0.06 in 2027 and a maximum of $0.22 in 2030.

While these prices may seem bullish, they aren’t a guarantee of SIREN's future price. We highly recommend you 

 before investing in SIREN or any other meme coins in the crypto market.

Siren (SIREN) represents the cutting edge of artificial intelligence evolving to meet modern needs, both serious and playful. Its functions offer users a unified, intelligent AI-driven DeFi experience, and Siren delivers an adaptive and proactive solution tailored to modern investors.

But Siren goes beyond utility — it embraces the spirit of meme culture and the internet-native generation by giving users relatable, personality-driven AI agents. These agents don’t just serve — they entertain, engage and evolve with you. As AI continues to blend with digital culture and web3, Siren is leading the charge, creating a future in which technology is smart and social. 

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Siren (SIREN): Bewitching the crypto realm with AI sorcery

Our monthly report delves into insights from options volatility to inspire your next crypto move.

: The cryptocurrency market is highly reactive to macroeconomic events, with volatility responding sharply to geopolitical developments, particularly US tariff policies.

: Frequent inversions in the term structure of implied volatility suggest that traders are adjusting their risk perceptions based on immediate market conditions, rather than anticipated events.

: A notable shift toward bearish sentiment is evident, as indicated by a preference for out-of-the-money puts that reflects increased demand among investors for downside protection.

: The market remains cautious, with elevated levels of short-tenor implied volatility indicating expectations of potential future disruptions despite periods of calm.

The cryptocurrency market exhibited pronounced reactive volatility in March 2025, driven primarily by macroeconomic factors, particularly US tariff policies. Implied volatility spiked sharply in response to significant price movements, indicating that market participants were reacting more to immediate news, rather than positioning themselves ahead of expected events. The volatility surged in the wake of US president Donald Trump's tariff announcements, which created a pattern of rapid price fluctuations. This dynamic led to a notable peak in volatility that subsequently collapsed during quieter periods, revealing a market characterized by uncertainty and sensitivity to geopolitical developments.

During this time, Bitcoin's realized volatility has reached unprecedented levels, matching peaks not seen since the previous year’s significant market disruptions. Despite episodes of low realized volatility, short-term implied volatility consistently remained elevated, suggesting that traders were preparing for potential future disruptions, even when immediate volatility appeared subdued. This persistent expectation of volatility reflects an underlying apprehension in the market as participants brace for the potential impacts of ongoing geopolitical tensions and macroeconomic instability.

The analysis of the term structure of implied volatility reveals frequent inversions, a phenomenon whereby short-dated options exhibit higher implied volatility as compared to their longer-dated counterparts. This inversion typically indicates heightened expectations of imminent market events, or a surge in demand for short-dated options in response to sharp market movements. In March 2025, the market experienced multiple instances of such inversions, largely driven by the volatile nature of the underlying asset prices.

These inversions were particularly notable since they occurred in response to actual market conditions, rather than anticipated future events. For instance, the buildup of volatility surrounding the upcoming tariff announcements didn’t reflect the expected risk premiums that had characterized other significant events, such as political elections. Historical comparisons show that previous inversions were often resolved rapidly after the events occurred, unlike the gradual shifts observed in March, suggesting a potential mispricing of risk as market participants grappled with uncertainty in the geopolitical landscape.

The fluctuations in realized volatility during this period oscillated between extremes, highlighting the currently unpredictable nature of market conditions. Sustained high levels of short-tenor implied volatility indicated a reluctance among traders to engage in lower volatility assumptions, reflecting ongoing concerns about potential market disruptions.

Data suggests bears taking the upper hand

A significant shift in market sentiment was evident via the analysis of volatility smiles, particularly the increasing skew toward out-of-the-money puts. This change indicated a growing appetite for downside protection among investors, marking a departure from previous bullish sentiment observed in the market. The shift was particularly pronounced during March, as longer-dated volatility smiles leaned toward OTM puts for the first time since the November 2024 US elections.

Increased demand for put options was driven by a shift in market dynamics following the reversal of a prior bullish rally. As tariff tensions escalated, the market exhibited a clear preference for downside protection, leading to a reevaluation of risk. The analysis reveals that the relative demand for call options hasn’t declined sharply, but instead has gradually decreased, indicating a more cautious outlook among market participants.

This evolving landscape of volatility suggests that the cryptocurrency market is navigating a period of heightened uncertainty shaped by rapid developments in global trade and economic policy. The persistent inversion of the term structure and the pronounced bearish sentiment signal a market preparing for potential volatility spikes. As geopolitical tensions continue to influence market dynamics, the demand for protective options reflects a broader sentiment of caution among investors, underscoring the complexities of navigating the current environment.

Advanced

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Bybit X Block Scholes options volatility report (March 2025): Huge swing leads to frequent inversions; data suggests traders remain cautious

In this article, we’ll cover the recent gold rally and show you how you can trade gold on Bybit’s platform, including using Gold&FX MT5 and gold-backed crypto Perpetual futures like XAUTUSDT.

 past $3,200 per ounce and reached new all-time highs. This rally has renewed interest in gold trading across both traditional and crypto markets. However, traders in the crypto market traditionally have had to go through a more cumbersome process to gain exposure to gold. 

Bybit's gold trading options are here to change all that — not only simplifying the process but also allowing crypto-natives to trade gold using Tether’s 

. In this article, we’ll cover the recent gold rally and show you the different ways you can trade gold on Bybit’s platform.

Gold rallies to all-time highs amid market uncertainty

There are several fundamental causes behind the current rally in gold prices, the most prominent being increasing geopolitical tensions, escalating trade wars and an overall increase in uncertainty and volatility. In such an environment, gold's role as a safe-haven asset becomes particularly appealing. Investors buy it to protect their capital, and traders begin buying it to benefit from the price movement. 

In addition to retail traders, central bank activity, particularly in Asia, has also played a crucial role. Several central banks, including those in China, India and Russia, have been steadily increasing their gold reserves. This trend reflects a strategic move to diversify their reserves away from the US dollar, driving sustained demand for gold and contributing to its price increase.

Bybit is always seeking to offer new and exciting products to its users, and its gold offerings are no exception. There are currently three ways to gain exposure to gold on Bybit’s platform:

To make gold trading easy for crypto-native traders, Bybit has paired all three instruments against USDT, the largest stablecoin by market cap. Bybit’s Gold&FX trading has 

Let's take a closer look at the three different options and find out how you can use them to trade gold. 

MT5 (short for MetaTrader5) is one of the world's most popular trading platforms. Retail traders can create algorithms to automate their strategies using tools normally reserved for institutional players. In August 2024, Bybit 

 into its platform. Following this integration, Bybit also launched Gold&FX trading for its users. 

 offers three major services: cryptocurrency, forex (FX) and contracts for difference (CFDs). Traders can use CFDs to trade gold. The trades are placed using USDT, and leverage extends all the way up to 500x. In addition to the clean interface and secure trading environment that users have come to expect from Bybit, MT5 also offers several features that are essential for algo trading:

Step-by-step guide for trading gold with Bybit MT5

Before using MT5, traders must first register and open their Bybit MT5 accounts.

Carefully read the Terms and Conditions, and accept by clicking on the box. Then, click on 

Create the Master Password for your Bybit MT5 account. Ensure that the passwords you input match each other before clicking on 

. The creation of an MT5 account requires 

, so if you have yet to verify your Bybit account, you’ll be prompted to complete the verification process.

The system will generate an MT5 Login ID and an investor password, and will display your MT5 account details in a pop-up window.

 to be redirected to the MT5 Dashboard, where you can deposit funds into your Bybit MT5 account to start your trading journey.

Download and install the MT5 Client to your desktop or mobile from the Bybit MT5 page and log in to your trading account.

Choose the gold pair that you want to trade. Currently, there are six different gold pairs available on Bybit MT5.

Choose your preferred pair. You’ll see three options: 

 allows traders to automatically copy positions opened by the Master Trader accounts that they’re following. This allows traders without prior experience to effortlessly replicate the strategies of expert investors across gold and forex. 

 also includes a profit-sharing mechanism whereby the master trader gets a portion of the profit generated by the followers. This makes the process a win-win for everyone involved. 

The major advantage of this type of trading mechanism is its usefulness for beginning traders, who may not have enough expertise to place their own trades, but can automatically copy the trades of others who are registered as Master Traders. On the flip side, the profit and loss of your position will depend entirely upon another trader, and Followers can end up with potential profits or losses accordingly.

Step-by-step guide for trading gold on Bybit MT5

 at the bottom of the card of the Master Trader whom you wish to follow. Followers can copy up to 10 Master Traders simultaneously.

Create your copy trades by entering the amount you want to invest under 

 and set your take-profit/stop-loss (TP/SL) amount.

Once the parameter settings are confirmed, place the check on the agreement acknowledgment box, then click on 

Congratulations! You’ve successfully followed a Master Trader, and your account will now start copying their trades.

In addition to MT5, Bybit also offers two 

 are derivatives that allow traders to speculate on the price movements of crypto assets without a set expiration date. Bybit allows traders to take 

 positions on two such contracts: XAUTUSDT and PAXGUSDT. 

 is a digital token issued by Tether that’s backed by physical gold. Each XAUT token represents indirect ownership of one fine troy ounce of gold, stored in a secure vault in Switzerland. Meanwhile, 

 is issued by Paxos, and is also backed by one fine troy ounce of gold, stored in a vault in London. 

On Bybit, traders can enjoy up to 50x leverage with XAUTUSDT and up to 16.67x leverage on PAXGUSDT. Settlement takes place in USDT, simplifying the profit and loss calculation.

Step-by-step guide for trading XAUTUSDT on Bybit

 and log in with your account details. On the top panel, you can see the 

Below that, there are three panels. The left panel displays the chart, the middle panel displays the order book and the right panel is for placing and canceling orders.

On the right panel, you can choose whether to place a 

 order. You can also choose the order price (for limit orders) and order quantity. 

Once you’ve selected all the details, you can check the value of the trade and the cost in USDT. Confirm the details, and click on 

That's it. You’ve now placed your order. Market orders will get executed immediately, while limit orders will only execute if the spot price reaches the limit price.

Gold acts as a safe haven asset during times of uncertainty, and it could be considered one of the safest assets for long-term investments. Bybit users have a great opportunity to trade gold to gain exposure to its price appreciation or diversify their portfolio. Take a look at the 

 page or check out Bybit’s gold-backed 

. Choose the method that suits you best to capitalize on this incredible gold rally. 

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How to trade gold on Bybit using USDT

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The last line of defense at $47k has successfully held incoming bears at bay. 

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 The last line of defense at $47k has successfully held incoming bears at bay. As the futures market shakes off excessive leverage, we’re seeing somewhat of a BTC bounce back to the upper $53k region. For some of us who find the recent scares seeming all too real, here is a little dose of confidence. The driving force behind each bullish cycle boils down to a surge in demand. Coincidentally (or not), entity growth is observed to undergo exponential increases throughout previous cycles. Although we understand that exponential growth will eventually plateau out, notice how the new ATH has just peaked the previous 2017 high, signaling that there is probably room for further growth. 

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