In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

Intermediate

StakeStone STO.png

StakeStone (STO): Cross-chain liquid staking protocol

The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

mantra om crypto.png

MANTRA (OM): Understanding its wild ride and road to recovery

In this article, we explore WalletConnect's features, its native token (WCT) and how you can trade WCT on Bybit Spot and Futures.​

WalletConnect is an open source bridging protocol that facilitates secure connections between digital wallets and 

 (DApps). With over 38 million unique active wallets and 57,000 supported apps, it’s getting noticed by the crypto community. In this article, we explore WalletConnect's features, its native token (WCT) and how you can trade WCT on Bybit.​

 protocol that allows users to connect their mobile wallets to DApps via QR code. This eliminates the need for browser extensions, and enhances security by keeping 

The protocol supports a wide range of wallets and DApps, making it a versatile tool for users navigating DeFi and web3.

 is essentially a decentralized infrastructure that facilitates a uniformed way for users to easily connect their crypto wallets with thousands of DApps. It operates through a network of

 that relay messages, ensuring reliable and secure connections. The network's design emphasizes scalability and resilience, catering to the growing demands of DeFi. 

When a user initiates a connection between their wallet and a DApp, WalletConnect establishes a secure session through a relay server that enables encrypted communication, allowing users to interact with DApps directly from their wallets. 

The network's architecture ensures that messages are transmitted efficiently, maintaining a seamless user experience.​

The WalletConnect ecosystem comprises various stakeholders, including node operators, wallet providers and DApp developers. Node operators play a crucial role by maintaining the network's infrastructure and relaying messages. 

To incentivize participation, the network implements a rewards mechanism whereby node operators earn WCT tokens, based on their performance and contribution. Prominent organizations like Consensys, Ledger and Figment are among the network's node operators, underscoring its robustness and reliability.​

 is the native utility and governance token of the WalletConnect network. It has a total supply of 1 billion, 

Initially, WCT is nontransferable to ensure that tokens remain within the WalletConnect ecosystem, supporting its focus on network functionality and development. Based on discussions within the community, transfers will be enabled based on community consensus and future governance decisions.

Where to buy the WalletConnect token (WCT)

 on Bybit Spot, and as a Perpetual contract with up to 75x 

. Bybit provides a secure and user-friendly platform for buying and selling WCT, allowing users to participate in the WalletConnect ecosystem. 

How to trade the WalletConnect token (WCT) on Bybit

Bybit's platform ensures efficient execution and provides various tools to assist users in their trading journey with ease.​ 

walletconnect wct.png

WalletConnect (WCT): Bridging web3 beyond wallets and DApps

Circle has launched the Circle Payments Network (CPN), a global payment solution designed to streamline cross-border transactions using stablecoins like USDC and EURC for real-time settlement. 

The S&P 500 rose 2.51% as investor confidence improved following President Trump’s support for Fed Chair Powell and hints of easing U.S.-China trade tensions, despite tempered optimism and Tesla’s earnings miss. Gold rebounds toward $3,400 as the US Dollar weakens and investor caution lingers over US-China trade and Fed concerns. Technicals suggest a possible pullback, with focus shifting to upcoming S&P Global PMI data. The Coindesk Indices, which tracks the broader crypto market, rose 7.46%, with Bitcoin and Ether up 4.68% and 7.70%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DEEP, up 122.1%, following the launch of DeepBook v3.1 on Sui, which unlocks permissionless pools, enhanced balance management, and cost-efficiency for DeFi.

DeepBook (DEEP), launched on July 12, 2023,  is Sui’s native liquidity layer, using a central limit order book to enable high-throughput, low-slippage, and low-fee trading. 

, introduces several key upgrades: permissionless pools, revamped fee mechanics, and enhanced balance management. These changes make DeepBook more accessible, composable, and cost-efficient for DeFi users. Permissionless pools allow anyone to create custom trading pairs, while the enhanced balance manager supports third-party liquidations and improves protocol stability and user experience.

Check out the latest prices, charts, and data of 

, a global payment solution designed to streamline cross-border transactions using stablecoins like USDC and EURC for real-time settlement. CPN offers faster, programmable, secure, and always-available money movement for financial institutions. It supports services like invoice payments, remittances, treasury services, and payroll payouts. Over 20 design partners, including dLocal, WorldRemit, and BVNK, are contributing to building a more efficient global payments infrastructure.

Yesterday, Bitcoin spot ETFs saw $719.2M in total inflows, with $654.1M from non-GBTC funds and $65.1M from GBTC.

 its incentivized testnet, allowing users to earn $SO tokens by testing its cross-chain lending platform. By supplying and borrowing assets across chains and completing quests, participants earn "Seeds," which will convert to $SO at TGE. Powered by LayerZero, Soul aims to unify liquidity across blockchains.

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Circle launches Circle Payments Network for faster, secure global transactions using stablecoins

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Altcoins

ArbDoge AI is an experimental part of the Arbitrum ecosystem, and was created entirely by artificial intelligence (AI). Find out more in this article.

Every day, new projects and advancements are being introduced to the cryptocurrency industry. One such project is ArbDoge AI, an experiment meant to promote a series of products that should bolster 

 and artificial intelligence (AI). If you're investing in crypto to 

 or build your portfolio, you’ll want to know what ArbDoge AI is, and why it may be a good investment. 

The main difference between the ArbDoge AI protocol and other crypto projects is that there aren't any VC institutions or team shares involved with it. All of the AIDOGE tokens are distributed fairly within the ArbDoge AI community. The token went live on Apr 15, 2023, which means that the ArbDoge AI project is officially underway. The distribution of AIDOGE tokens is the first step toward attaining larger goals. 

Unlike with most crypto projects, the creators of ArbDoge AI are a sizable group of AI “organisms” that are “excited” about the Arbitrum ecosystem. Their goal is to develop a product line with the combination of web3 and AI. 

 is considered to be a deflationary token, with a supply of 210 quadrillion. The token belongs to all members of the Arbitrum community. Since ArbDoge AI wasn't built with the help of VC institutions or team shares, the token is only available to community members. Anyone who holds the token may gain access to future parts of the ArbDoge AI story. 

Whenever you purchase AIDOGE, you'll be provided with a Lucky Drop ticket that gives you the possibility of winning some ARB, Arbitrum’s main token. Keep in mind that you can also stake the AIDOGE that you hold. 

 is another token that ArbDoge AI is producing as part of their Arbitrum City (ArbCity) project, essentially a virtual place where community members can spend time. This destination is known for its exciting nightlife, esteemed cultural institutions and energetic lifestyle. 

The city is expected to grow over time. Lucky Drop is just one of the locations in ArbCity. Before the AICODE token can be launched, an audit must be performed. This audit is currently ongoing, and is estimated to conclude around late April or early May. 

AICODE will drive every facet of ArbCity. It will be applied to all aspects of ArbDoge AI as well, which include NFT acquisition, governance, application participation and payment for any ecosystem projects. At 21 million, the number of AICODE tokens that will be made available to investors is one billionth the number of AIDOGE tokens. 

ArbDoge AI is a new experiment that's meant to effectively take over the Arbitrum platform. 

 scaling solution for Ethereum that accommodates smart contracts. Arbitrum users benefit from less congestion and lower transaction fees. 

As mentioned previously, the ArbDoge AI experiment was created by AI organisms with the purpose of making a splash on the Arbitrum platform and improving the quality and number of products available through Arbitrum. Once the ArbDoge AI platform was created, the AIDOGE token almost immediately went into effect, and has since increased rapidly in popularity. 

The ArbDoge AI ecosystem aims to provide the Arbitrum community with numerous utilities. Arbitrum is designed to deliver scalability to the Ethereum blockchain. The purpose of ArbDoge AI is to expand Arbitrum's functionality and feature set for the community members’ benefit.

However, the full road map for ArbDoge AI has yet to be revealed. While AIDOGE is the first product that the platform has launched, they’re also set to introduce NFTs, AICODE and a DAO. 

The initial aspect of the ArbDoge AI platform is to distribute the AIDOGE token to long-term community supporters of Arbitrum in a manner that's fair and decentralized. Starting on Apr 15, 2023, tokens for this platform began being sent out as part of airdrops. Keep in mind that only those who are eligible for the ARB airdrop are able to claim AIDOGE tokens. 

Every AIDOGE token that's being made is available to be claimed with these airdrops. It's estimated that 620,000 people are eligible for the initial airdrop. Just one day after the airdrop was launched, around 110,000 people had claimed AIDOGE.

If there are any unclaimed AIDOGE tokens after 30 days have passed, they’ll be placed into an incentive reward program aimed at improving the ArbDoge AI platform. 

There are many current and promised ArbDoge AI features that you may find intriguing, which include everything from Lucky Drops to NFTs. 

One feature that's already been implemented in Arbitrum City is 

, an airdrop game that allows users to earn more of the token. When an AIDOGE transaction is performed, a 3% fee is obtained and turned into ARB. This amount of ARB is then placed in the prize pool. The total prize pool is eventually 

 to people who receive Lucky Draw tickets. 

In order for a user to take part in Lucky Drop, they need to make a transaction valued between $100 and $1,000. There are also 10 separate levels for Lucky Draw tickets that correspond with $100 transaction intervals. 

If you make a transaction worth less than $100, you won't be eligible to participate in Lucky Drop. On the other hand, anyone who makes a transaction above $1,000 will be given a ticket that's equivalent to $1,000. Only one ticket is provided per transaction. The Lucky Drop process occurs at 30-minute intervals. Once the draw is performed, every Lucky Draw ticket from the previous round is invalidated.

You can stake AIDOGE tokens that you hold via the 

 website. The rewards you receive from staking this token can vary, depending upon how many people are performing the same process and the number of transactions that occur. Around 3% of the transaction volume for this token is distributed to AIDOGE stakers. 

Though it has yet to be launched, the ArbDoge AI ecosystem plans to introduce an AI NFT series that will soon go through training and production. You can use your AIDOGE holdings to purchase these NFTs. 

The AIDOGE airdrop that’s currently taking place is meant to provide Arbitrum community members with full access to 100% of the 210 quadrillion AIDOGE tokens available to crypto investors. Once again, this airdrop is available only to users who are already eligible for the ARB airdrop. 

If you are eligible, you can claim your tokens on the 

. However, the airdrop won't be available for long. You'll have until May 15 to claim your tokens, after which they’ll be used for other aspects of the platform. Some of the remaining tokens will be burned.

So far, ArbDoge AI has created its own token and provided users with the Lucky Drop program. The AICODE token should hit the market toward the end of April. Once the airdrop ends on May 15, 2023, development will begin anew. 

ArbDoge AI already plans to introduce NFTs to the marketplace and create a 

, which means that anyone will be able to view the platform's code. The NFTs set to be launched soon are part of early participant rewards, and will be used to further AI peripheral product development. An AIDOGE vault and AI lab are currently part of the ArbDoge AI road map.

AIDOGE is the official ArbDoge AI token, and was created primarily to expand the ArbDoge AI platform. You'll be able to use your AIDOGE holdings to take part in Lucky Drop, perform AICODE mining and purchase AI NFTs. This token fuels the entire ArbDoge AI ecosystem and allows you to earn passive income via staking. 

During the initial stage of the "Call to AIDOGE" campaign, all of the 210 quadrillion AIDOGE tokens are set to be given to the Arbitrum community for free. Exactly 95% of these tokens will be placed into an airdrop pool that users can claim. The remaining 5% of tokens will be rewarded to investors who invite other people to participate in the airdrop campaign. 

For every transaction made on ArbDoge AI, 15% will be allocated to a tax burn, to be further distributed into the following categories:

The AIDOGE price is currently $0.000000000269630 (as of Apr 27, 2023), with a 24-hour trading volume of over $16 million. 

AIDOGE appears to be an exciting investment for anyone who wants to add variety to their portfolio. At the current AIDOGE price, it doesn't take a large sum of money to invest in the ArbDoge AI ecosystem. 

Keep in mind that the future usage plans for the AIDOGE token include everything from 

 to purchasing NFTs. As mentioned before, any tokens that remain unclaimed at the end of the first distribution stage will become part of the platform's future usage plans, which extend to early supporters and long-term development for the protocol. 

ArbDoge AI is a unique and highly compelling crypto experiment that's already proven to be an appealing prospect for many investors. In the week or so since its launch, ArbDoge AI has been performing consistently well. Now that you know what the platform's about and what its road map looks like, you can determine if AIDOGE would be a great addition to your portfolio.

ArbDoge AI (AIDOGE): An Experiment in the Arbitrum Ecosystem

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ArbDoge AI (AIDOGE): An Experiment in the Arbitrum Ecosystem

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