Revolut has partnered with Pyth Network to contribute its trusted price data to the decentralized finance (DeFi) ecosystem, marking a significant step in bridging traditional and decentralized finance. 

The S&P 500 rose 0.16% as the bond market stabilized following a US Treasury sale. However, US stock futures dipped Thursday after the Federal Reserve highlighted increased inflation risks, potentially slowing policy easing. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.68%, with Bitcoin and Ether dropping by 2.63% and 2.08%, respectively in the past 24 hours.

Today's top performer is GAS, which surged 31.6% following the launch of Escape the Matrix, Neo's AI-powered blockchain game with a $30K+ prize pool.

Neo (GAS), launched in 2014, is a blockchain enabling a smart economy with digitized assets, smart contracts, and dBFT consensus, driving decentralized app development and ecosystem growth. Neo’s "

" is an AI-driven blockchain game on Neo X, offering a $30,000+ prize pool. Players solve challenges using multi-AI agent interactions, with fees contributing to the prize pool. Running from January 9-14, 2025, the first winner claims 80% of the prize, while 20% is donated to Freysa. A Neo X wallet and GAS tokens are required to play.

Check Out the Latest Prices, Charts, and Data of 

 to contribute its trusted price data to the decentralized finance (DeFi) ecosystem, marking a significant step in bridging traditional and decentralized finance. As a publisher for Pyth, Revolut will share its digital asset price data to enhance transparency and reliability in digital asset markets, benefiting both DeFi applications and Web3 capital markets. This collaboration allows Revolut to expand its crypto operations while Pyth’s oracle technology enables financial institutions to engage with the Web3 space securely. The partnership paves the way for more transparent, fair, and accessible financial markets.

Yesterday, BTC Spot ETF data showed a total flow of -$444.8 million, with GBTC at -$8.9 million and Non-GBTC at -$435.9 million.

SoSoValue, an AI-powered cryptocurrency research platform, has launched its 

 where users can earn points (Exp) by completing simple tasks. The program is live following SoSoValue’s $15 million Series A funding. To join, sign up with an invite code, and complete tasks like following on X, posting, and retweeting. Additional points can be earned by connecting accounts, installing apps, and checking in daily.

Beginner

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Revolut Partners with Pyth Network to Bridge Traditional and Decentralized Finance

Learn what Bybit Private Wealth Management is all about and explore how you can get started with it today.

High–net worth investors in the cryptocurrency space face unique challenges in growing their digital assets. That's why Bybit Private Wealth Management (PWM) is pioneering new paths to prosperity through an exclusive service designed for high–net worth clients.

This guide explores how Bybit PWM combines personalized investment strategies, professional expertise and market insights to help qualified investors achieve their financial objectives.

 is an exclusive investment service that provides high–net worth clients with personalized portfolio strategies, access to special private funds, and dedicated investment managers who craft tailored plans based on individual preferences and goals.

How Does Bybit Private Wealth Management Work?

High–net worth clients can begin their Bybit PWM journey by completing the contact form, or contacting the team directly at wealth@bybit.com. Once your eligibility is confirmed, you’ll obtain access to the most professional wealth management service in the cryptocurrency space.

A dedicated investment manager will contact clients individually and offer them tailored investment plans based on their preferences. These plans integrate Bybit's exceptional financial products with carefully curated private funds from trusted asset managers, a combination that helps achieve diversified investment goals and optimizes portfolio performance.

Clients also receive unique liquidity solutions, based on their personal investment needs, with all assets managed securely on the Bybit platform. To keep clients informed about market developments, Bybit PWM offers regular market insight workshops that cover the latest cryptocurrency trends and emerging investment opportunities.

Benefits of Using Bybit Private Wealth Management

Bybit PWM delivers key benefits to maximize and secure your digital asset investing success.

Bybit PWM clients receive bespoke investment strategies crafted to match their precise financial goals and risk tolerance. The service seamlessly integrates Bybit's exceptional financial products with carefully curated private funds from trusted asset managers, creating optimized portfolios for each client's unique objectives.

Investment managers continually monitor and adjust strategies to capture emerging opportunities while maintaining risk parameters. This active management approach ensures portfolios align with market conditions and clients’ goals throughout their investment journeys.

Bybit PWM clients unlock access to premium investment opportunities beyond standard platform offerings. These exclusive options include sophisticated trading strategies and specialized investment vehicles designed to provide higher investment returns.

The service also delivers unique liquidity solutions tailored to each client's investment requirements. This flexibility, combined with professional management, ensures portfolios remain agile and optimized across varying market conditions.

All assets under PWM are managed within Bybit's secure platform infrastructure, ensuring the highest levels of security for clients' digital assets. Bybit's robust security measures and professional portfolio management provide clients with peace of mind, knowing their investments are protected as they work toward their financial goals.

This combination of robust security protocols and professional oversight creates a trusted environment for wealth management. Every aspect of the service is designed to maintain the highest asset protection and operational reliability standards.

Bybit PWM clients receive privileged access to expert market analysis, in addition to regular insight workshops that reveal emerging opportunities. This professional guidance helps clients understand market dynamics and trends, enabling them to make informed decisions about portfolio strategy and timing.

How to Get Started With Bybit Private Wealth Management

: Fill out the contact form with your information, or email the team directly at 

: Schedule your consultation with a PWM investment manager, who will discuss your investment goals and review your available options with you.

: Work with your assigned manager to create a personalized investment plan based on your consultation.

: View your tailored investment plan under the 

: Review and approve your tailored investment strategy.

 to all the products listed in your tailored investment plan.

Should You Try Bybit Private Wealth Management?

Bybit PWM is ideally suited for high–net worth cryptocurrency investors who value personalized services and professional portfolio management. Consider this service if you:

It's important to note that Bybit PWM services require meeting specific eligibility criteria and may not be available in all regions. Potential clients should carefully evaluate their investment goals before proceeding.

With its personalized service and professional expertise, Bybit Private Wealth Management transforms the way high–net worth clients approach crypto investing Its tailored investment strategies, access to exclusive opportunities and comprehensive security measures offer a sophisticated solution for the investor seeking to optimize their digital asset portfolio while maintaining control over their investment journey.

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Bybit Private Wealth Management: Tailored Paths to Prosperity

Ripple is adopting the Chainlink standard to enhance the utility and access of its Ripple USD (RLUSD) stablecoin in DeFi.

Daily Top Performer —  DeepBook (DEEP)

The S&P 500 fell 1.11% as rising Treasury yields and inflation concerns hit markets, with tech and AI stocks leading the decline. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 6.05%, with Bitcoin and Ether dropping by 5.67% and 8.17%, respectively in the past 24 hours.

Today's top performer is DEEP, which surged 4.2% following the announcement of the collaboration between DeepBook and NAVI Protocol, enhancing the utility of DEEP tokens in the Sui DeFi ecosystem.

DeepBook (DEEP), launched in 2023, is a native liquidity layer for the Sui ecosystem, utilizing a central limit order book system to execute trades. It focuses on providing high throughput, minimal slippage, and low fees. 

, allowing users to use DEEP tokens as collateral to borrow from 19 other assets, enhancing their utility within the Sui DeFi ecosystem.

 to enhance the utility and access of its Ripple USD (RLUSD) stablecoin in DeFi. By using Chainlink’s Price Feeds, Ripple can now provide secure and reliable pricing data for RLUSD on the Ethereum blockchain, enabling its integration into DeFi applications like trading and lending. This collaboration allows Ripple to offer high-quality offchain data to accelerate RLUSD’s adoption. Chainlink’s decentralized infrastructure ensures secure, tamper-proof, and accurate pricing, supporting RLUSD’s expansion within both institutional and decentralized markets.

Yesterday, BTC Spot ETFs experienced total outflows of $543.7M, including $125.4M from GBTC and $418.3M from non-GBTC sources.

 offers 50 free loyalty points for completing simple tasks like following on X, reposting, and joining Discord. Participants must join the PIN AI Telegram game and have a Galxe Humanity Score, Passport, or Subscription to qualify. Keep playing to earn more points and potential eligibility for a future airdrop.

Ripple Enhances RLUSD Utility in DeFi with Chainlink Price Feeds Integration

Velodrome Finance, an AMM built on the Superchain network, aims to offer marketplace features from Convex and Uniswap in one convenient place. Learn more here.

 finance fields right now is liquidity provision. There are all sorts of 

 looking for ways to sell liquidity to markets while providing profits for their own community members. Velodrome hopes to break free from the pack and beat its competitors with its uniquely user-focused experience. This liquidity provision service boasts a helpful combination of decentralization, user incentivization and user-led governance. To learn more about Velodrome's features and see how its token is performing, keep reading this guide.

 is an automated market maker (AMM) built on the 

 network that aims to offer marketplace features from Curve Convex and Uniswap in one convenient place. It’s designed to provide liquidity to many other programs while also allowing traders to swap tokens.

The Superchain network is an ecosystem that combines multiple blockchains into one seamless network. Initially launched by the 

 ecosystem, Superchain now has a variety of partners. It works with many Ethereum-based chains, including 

Velodrome Finance’s evolution has involved various stages. The project 

 (DeFi) architect who previously helped to found 

. One of the many features of this DEX was veDAO, a 

A few months after its launch, Solidly's founders parted ways over a disagreement. Initially, this left the future of veDAO up in the air. However, community members banded together and decided to save their system. veDAO took the best parts of the Solidly DEX design and moved it to Optimism. 

Velodrome's main goal is to create a sustainable and user-focused version of other popular liquidity providers, such as Uniswap and Convex for Curve. Unlike many other automated market makers, Velodrome is entirely run by its users. As a DAO, Velodrome encourages users to submit proposals and vote on proposals. By giving users the ability to regulate everything from fees to branding, Velodrome ensures that each participant's opinions are heard.

Velodrome's governance model is also meant to incentivize users to commit to long-term community growth. Unlike some systems that are all about short-term individual profit, Velodrome has incentives that specifically reward those involved in community growth. It believes this design ensures the system has regular users who make decisions that enhance its overall sustainability.

 starts with liquidity providers temporarily placing their tokens in concentrated liquidity pools. Traders then use funds from the liquidity hub to facilitate trading with minimal 

, paying low fees for the privilege. These fees are then transmitted to liquidity providers in the form of VELO emissions. Liquidity providers can choose to lock their VELO tokens, if they wish to join the Velodrome governance model and vote on protocol upgrades. This flywheel cycle has a seven-day timeline. Every week, Velodrome updates its system to recalculate votes, trading fees and VELO emissions. 

Another unique mechanic of Velodrome Finance is its blockchain base. Instead of being built on a single chain, Velodrome is designed to run on the Optimism Superchain network. When operating the liquidity management system, Velodrome doesn't focus on individual liquidity pools based on a token's home chain. Instead, its protocol router evaluates multiple types of liquidity pools to automatically select the one with the most efficient prices and optimal trade execution routes.

Velodrome is a fairly focused AMM. Instead of providing a wide range of services, it prioritizes doing an excellent job at just a few things. 

Velodrome's swapping service lets traders exchange one type of coin for another. It currently supports a broad range of coins, both on and off the Optimism Superchain network. This form of trading has many uses, ranging from portfolio management to profiting from market changes. Velodrome's convenient three-step system simply requires users to link their wallets, choose their desired tokens and approve their fee quotes before swapping.

Velodrome offers concentrated liquidity pools that help DEXs function properly. In exchange for these services, liquidity providers on Velodrome earn financial rewards. For many investors, participating in a liquidity hub is a way to 

 on tokens they don't yet want to sell. Velodrome's ability to provide deep liquidity is so popular that it's the primary liquidity hub on the Superchain.

Velodrome has changed a lot since its early days as a token-swapping system, gradually adding features like decentralization, dynamic fees and a 

 (DApp) interface. Its long-term future will depend upon the changes its DAO votes on. However, there are already 

 currently in the works. In 2025, Velodrome plans to add more dynamic pricing options, additional governance methods, Superchain-based voting and bridgeless Superchain swaps.

The Velodrome ecosystem relies on the following two tokens to function properly.

 – based token that’s used for fees and liquidity provision. You can obtain VELO either by purchasing it directly through the market, or by contributing to liquidity pools and receiving VELO liquidity incentives.

If desired, users can lock their VELO tokens in order to receive veVELO, an ERC-721 governance token that exists as an NFT. The amount of veVELO you receive for your VELO is in part directly proportional to the amount of time you choose to lock your tokens. People who hold veVELO can submit and vote on community proposals for the Velodrome platform.

The VELO utility token has a circulating supply of roughly 900 million, with plans to unlock more tokens in the future. These 

The VELO token was initially selling for around $0.04. However, after the project’s DAO adapted its platform from Solidly to Velodrome, token prices took off. In April 2023, March 2024 and December 2024, VELO token prices spiked. While the VELO token price is down from its all-time high of $0.42, it’s still sitting in the $0.10–$0.20 range. 

This pricing pattern seems likely to persist for a while. Binance 

 will reach an average price of around $0.17 in 2025. However, other price predictors are even more optimistic, with CoinCodex suggesting there will be a price jump in February 2025, resulting in yearly average prices of around 

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

Velodrome has plenty of competitors in the liquidity management field, but several factors make its token a good investment. First of all, the VELO utility token has been around for quite a while. This stability makes it more reliable than tokens that were just recently added to the market. Secondly, VELO has a history of sharp price increases; the token is highly responsive to positive press and market upturns, so there's a chance for high prices. Finally, Velodrome is performing well, and Its partnership with the Optimism ecosystem has helped it attract users.

Nevertheless, any crypto token features some volatility in its price. For example, a DAO voting for abnormally low fees could cause sudden price downturns. If you want to invest in the VELO token, make sure to 

. As with any other medium-risk token, VELO isn't reliable enough to be the only asset in your entire investment portfolio.

Velodrome has done a great job of transitioning from a DeFi tool to its own standalone liquidity provision system. By functioning as the primary liquidity hub on Superchain, Velodrome provides minimal slippage, deep liquidity and reasonable trading fees. Furthermore, its liquidity incentives appeal to a wide variety of users and help keep the system running. Ultimately, the Velodrome platform and the VELO token have a lot to offer to the world of decentralized finance.

Intermediate

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Velodrome Finance (VELO): A Liquidity Hub for the Superchain

Bybit Learn

Crypto

If you've been keeping up with the crypto space, chances are, you've heard of token burning. Read this article to find out what it is and why it's needed.

Maintaining the value of an asset can be difficult to accomplish. When it comes to cryptocurrency, many people worry about the high number of coins in circulation and the oversupply of coins that dilutes their value. This has led to several innovative ways to incentivize investors and help maintain a coin’s value.

Burning cryptocurrency is a popular method of boosting the value of a coin or token. Essentially, token burning removes coins from circulation, permanently decreasing the overall supply of the cryptocurrency. This helps to increase scarcity and raise the value of each remaining coin, which is crucial for coins that can be mined quickly.

Token burning means removing coins from the overall supply of a cryptocurrency. This typically involves sending the coins or tokens to a wallet with no known private keys. This wallet can only receive assets, thus effectively making them inaccessible.

While burning a small portion of coins can help maintain the value of a cryptocurrency, the token burning process is often a community effort. Occasionally, substantial token holders or persons with a large social media following will encourage a community burn. When everyone burns a small number of their holdings simultaneously, it can make a notable difference in the overall number of coins in circulation — and, therefore, in a coin’s value.

In other cases, token burning happens steadily over time. Many users don’t even notice it. For example, 

 burns a small percentage of Ether during each transaction. This adds up over time, which can increase the coin’s value as supply steadily decreases.

Cryptocurrencies generally have specific instructions and processes in place for burning tokens. The most common burn mechanism involves sending tokens to an unusable wallet address, effectively taking them out of circulation. Technically, therefore, all a user needs to do in order to burn coins is send them to a wallet with an invalid 

Some cryptocurrency projects establish their own token burn mechanisms. For example, in April 2022, Shiba Inu released an easy-to-use burn portal. By working with Ryoshis Visiondevelopers, Shiba Inu offers rewards to anyone using the burn portal to destroy SHIB tokens.

Other cryptocurrencies use a burn function to destroy assets. Binance Coin has a burn function that any cryptocurrency holder can execute simply by stating how many coins in their wallet they’d like to destroy. A 

 first checks to see if the holder has the coins available in their wallet, and then subtracts them. Binance Coin then automatically updates the total number of coins in circulation.

Keep in mind that any coins burned will be permanently removed from your account — and there’s no way to return them. Before you execute a burn function or send tokens to a null address, double-check to make sure that all of the amounts and information you’ve specified are correct.

In other cases, the token burning process is automatic. For example, some networks burn a small portion of cryptocurrency during mining, or as a transaction fee.

There are several reasons why cryptocurrency holders burn coins and tokens. As technology continues to expand, people are finding more innovative ways to utilize burning. Here are a few examples of how token burning can be used.

Proof of burn (PoB) is a consensus mechanism that verifies and validates a transaction. This algorithm enables miners to burn coins effectively with no energy waste. PoB can be verified using a blockchain explorer if needed.

PoB has several practical uses. It’s primarily used to prevent fraud by automatically verifying each transaction. It also maintains miners’ ability to mine new coins, as several cryptocurrencies require miners to burn coins first in order to mine new blocks.

Typically, token burning aims to reduce the overall supply of a cryptocurrency, thus raising demand. Theoretically, prices will rise if demand is high and token supply is low.

Another possible reason coin prices can increase after a burn is publicity. Many large token burns are community-driven. In some cases, these token burns are coordinated through social media. At other times, an investor will intentionally burn a large portion of the tokens in circulation and post about it on social media. This can raise awareness of the cryptocurrency, further increasing demand and raising the price per token.

Keeping a network efficient can be difficult. Every time a new token is created it reduces mining speed. This gives many early miners an unfair advantage over new users. Token burning grants miners the right to mine new tokens. Rather than burning one token when mining first begins, the process is spread out and, consequently, more proportionate.

In some cases, miners don’t need to burn the same token they’re mining. Because proof of burn is customizable, networks can offer a variety of rewards to miners. This encourages healthy network activity.

Token burning can impact a token’s value and price. Ultimately, the goal is to create a balance between supply and demand. Although it may not be the main factor causing a significant shift in token price, removing a number of tokens from circulation creates scarcity and potentially increases the value of the remaining tokens. This ensures that demand for the token remains the same or increases.

It’s essential to note that plenty of other factors can influence a token’s price movement, including market sentiment, project fundamentals, overall market conditions, investor perception, political changes and more. Token burning isn’t a guaranteed price appreciation strategy. In most cases, however, there’s a correlation between scheduled token burns and price volatility.

Overall, while token burning can impact coin prices, it’s just one factor among many that can influence the dynamics of the cryptocurrency market.

While destroying coins and tokens may seem counterproductive, there are several reasons why users burn their crypto.

Maintaining the Value of Coins for Investors

The goal of token burning is to stabilize prices and boost confidence among investors. When demand remains steady, decreasing the overall supply of a coin can lead to higher prices. By burning cryptocurrency regularly or with each transaction, many altcoins can steadily increase demand over time.

Behind some of the most popular altcoins are great communities. Successful blockchain projects tend to have several participants advancing them, and numerous investors actively using them. Large community-driven token-burning initiatives can inspire others to invest or become involved with a project.

Before you start burning tokens, there are several things to consider. If you aren’t burning coins to gain mining rights, you need to consider how token burning affects your portfolio. If the token burning is automatic, consider how often you’ll make cryptocurrency transactions. The way in which a cryptocurrency handles token burning can also influence your investment choices.

In order to burn tokens, you first need to own them. Once the token burn is completed, the tokens are permanently removed from your wallet. That means you no longer own those assets, even if the price per token skyrockets afterward. With some coins valued at well under a penny, this could lead to regret later, especially if you’re burning thousands of tokens at a time.

Before you burn tokens, consider the cryptocurrency’s current and expected value. Identify all of the factors that impact the coin’s price. Then, carefully think about how much you want to burn. Remember that you can’t undo a transaction once it’s completed.

Large Amounts Are Needed to Make an Impact

One of the biggest cons of token burning is that small amounts won’t greatly impact price. For example, there are over 

 (SHIB) coins currently in circulation. Burning a few thousand $SHIB wouldn’t affect the overall supply. However, the community has burned more than 263 billion $SHIB since October 2021, roughly 0.05% of the total circulating supply.

Any cryptocurrency can be burned. For example, an estimated 4 million bitcoins have been burned or lost. Other cryptocurrencies have adopted regular token burning into their strategies.

In 2021, Ethereum (ETH) introduced the EIP-1159 upgrade, restructured the fee model and began burning Ether with each transaction. 

Ethereum will transition its existing token model to a deflationary crypto asset. Over 3.4 million ETH have been burned using this controlled, steady method, which grows daily. The change in its protocol entails that a fraction of each transaction fee or gas fee will be burned on every successful transaction on the Ethereum blockchain network. Currently, the estimated 

 is about 1.63 ETH per minute in (24h) as of July 11, 2023.

 (SHIB) is often in the headlines for initiating large token burns. One way investors are encouraged to burn coins is via the burn portal, which was introduced in April 2022. However, Shiba Inu began making headlines for token burning long before that. About one year after the coin was launched, its creators sent Ethereum cofounder Vitalik Buterin 50% of the total SHIB supply. In response, Buterin 

 (BNB) is known for its Auto-Burn and the Pioneer Burn program. This strategy automatically reduces the number of total coins in circulation each quarter. The first BNB Auto-Burn was in October 2017, when 0.49% of the total supply was destroyed. Because each coin-burning event is automatic, and is based on price and the number of new blocks created on BNB Smart Chain (BSC), investors don’t need to worry about too large a portion of the supply being burned at once.

In addition to the Auto-Burn, Binance Coin (BNB) burns a portion of the gas fees associated with each transaction on the BNB Smart Chain. BNB burns take place once every quarter, and they just completed their 23rd quarterly BNB burn of 2023 in April, with a total of 

Sweat Coin is one of the first blockchains to let its community decide whether to burn tokens or not through decentralized governance votes. In April’s governance vote, Sweat Coin introduced a scheduled 100 million tokens for distribution and burning. Over 150,000 SWEAT token holders voted, with 59.487% opting for token distribution and 40.513% for token burning, translating to over 59 million tokens being distributed and more than 40 million being burned.

Token burning isn’t essential in order for a cryptocurrency to function. However, as discussed above, regularly burning tokens helps maintain a balance between supply and demand. Investors may focus on the impact coin burning can have on the value of a token, and miners may find coin burning necessary in order to mine new tokens on a network effectively.

While there’s no guarantee that coin burning will increase a cryptocurrency’s prices, it can be a helpful tool for maintaining value and incentivizing investors. 

If you invest in a cryptocurrency, examine its burn strategy to see if it aligns with your own goals. Whether you plan on manually burning coins or using a coin that automatically burns portions of its supply, always have a clear idea of what you’re investing in.

Token Burning: What Does Burning Crypto Mean?

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