Ethereum R1 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum

The S&P 500 rose 0.63% Thursday, boosted by strong Meta and Microsoft earnings, but futures slipped Friday as investors awaited the April jobs report and weighed Apple and Amazon tariff concerns. Gold fell to $3,235 as easing trade tensions cut safe-haven demand; markets await US jobs data for rate cut signals. The Coindesk Indices, which tracks the broader crypto market, rose 2.19%, with Bitcoin and Ether up 2.57% and 2.60%, 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 AR, which gained 16.8% following CloneX's successful migration to Arweave, sponsored by ArDrive.

Arweave (AR), founded in 2017, is a decentralized network for permanent data storage, using blockweave and Proof of Access to ensure long-term accessibility. It offers 200-year storage for a one-time fee, incentivized by AR tokens for miners. The system connects blocks efficiently to preserve and retrieve data, aiming to create a lasting digital knowledge repository. CloneX has successfully 

 to Arweave for permanent storage, with the support of ArDrive, which sponsored the migration of 100 GB of data. The process is nearly complete, with only Animus remaining to undergo decentralization.

Check out the latest prices, charts, and data of 

 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum. Built on open-source code and the Nethermind Surge stack, it emphasizes credible neutrality, public good funding (with all fees burned after 2030), and infrastructure that remains free from VC control or centralized dependencies.

Yesterday, BTC spot ETFs saw $71.1M in total inflows, with $16M from GBTC and $55.1M from other ETFs.

 $BOOP tokens to active Solana memecoin traders and creators who promote memecoins or Solana dapps on X. To claim, users must connect their Solana wallet or X account and launch a free token. The airdrop arrives in 30 days, but growing the token’s market cap can accelerate the reward.

Beginner

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Ethereum R1 offers a decentralized rollup solution for Ethereum

This article dives into Bitcoin liquid staking protocol Lombard Finance, how LBTC works and how you can stake LBTC through Bybit Web3.

Bitcoin stands as the undisputed giant of the cryptocurrency space, commanding the largest market capitalization. Yet, much of its potential remains untapped, often sitting idle as a store of value rather than actively participating in the thriving 

 ecosystem. Lombard Finance aims to change this narrative by unlocking Bitcoin's utility and integrating it seamlessly into DeFi.

Lombard is built upon Babylon, the innovative Bitcoin staking protocol, and is incubated by Polychain Capital. Lombard’s flagship product, 

 (LST) for BTC. This article explores what Lombard Finance is and how LBTC works, and describes the Lombard ecosystem and how you can stake LBTC through Bybit Web3.

 is a liquid staking protocol that focuses on transforming 

's role in the digital economy. Its core mission is to evolve BTC from simply being a store of value — also viewed as 

 — into a productive asset that actively generates yield and participates within DeFi. Currently, a significant portion of Bitcoin's

 sits idle, lacking the native staking capabilities or cross-chain composability seen with assets such as 

Lombard Finance addresses this shortcoming by building on top of 

, a protocol that supports BTC staking without needing 

 or custodians. Babylon allows Bitcoin's economic weight to secure other 

 (PoS) chains and applications, creating a new yield source for holders. Lombard leverages this foundation to offer LBTC, making staked BTC liquid and usable across the DeFi market.

Lombard’s goal is ambitious: to channel Bitcoin's vast liquidity into DeFi. This could potentially double the ecosystem's 

 (TVL) if even a fraction of available BTC is introduced. Lombard believes this integration will catalyze significant growth and create more sustainable market dynamics by making BTC a core, yield-bearing primitive within DeFi.

Founders and investors of Lombard Finance

Lombard Finance was founded in April 2024 by a team with deep expertise within DeFi, drawing talent from established crypto projects like Polychain, Babylon, Argent, Coinbase and Maple. This collective experience underpins the protocol's design and strategic direction.

The project was notably incubated by Polychain Capital, a prominent crypto investment firm that also led Lombard's $16 million seed funding round (which was 

 in July 2024). This round saw participation from a wide array of significant players in the crypto space — including Babylon, dao5, Franklin Templeton, Foresight Ventures, HTX Ventures, Mirana Ventures, Mantle EcoFund, Nomad Capital, OKX Ventures and Robot Ventures — thus highlighting broad industry confidence in Lombard's vision. Strategic partnerships and contributions from exchanges like

 and Bitget are further bolstering its distribution and liquidity aggregation efforts.

LBTC is Lombard Finance's flagship product — a liquid staking token (LST) that represents Bitcoin staked through the Babylon protocol. Designed as a universal liquid BTC standard, LBTC is fully backed 1:1 by native Bitcoin, ensuring its value is directly tied to the underlying asset.

The token is yield-bearing, capturing rewards generated from securing PoS networks via Babylon staking. Crucially, LBTC remains liquid, meaning holders can freely use it across various DeFi applications — such as 

 and automated vaults — without sacrificing their underlying staked positions or associated yield.

LBTC is also designed for cross-chain compatibility, natively minted on supported blockchains like Ethereum, Base and Sui and using secure infrastructure [such as 

]. This avoids the risks associated with traditional bridging or wrapping methods, thus aiming to provide a more secure and seamless way to utilize Bitcoin across the multichain DeFi ecosystem.

Lombard Finance simplifies the process of putting Bitcoin to work within DeFi through its LBTC token. The mechanism is designed with security and user experience in mind, leveraging the Babylon protocol and a robust Security Consortium.

The core benefit of LBTC lies in its ability to unlock multiple layers of value simultaneously. Holders earn native yield from Babylon staking, potentially accrue additional rewards (such as Lombard Lux points) and gain access to diverse DeFi yield opportunities, all while maintaining the liquidity of their Bitcoin position. This transforms BTC from a static asset into a dynamic, yield-generating component of the DeFi ecosystem.

Lombard Finance is actively building a wide LBTC ecosystem that already boasts over 75 DeFi integrations. Security is foundational, anchored by the 14-member Security Consortium (including prominent names like Galaxy and OKX Ventures) and validating all critical operations alongside audits and bug bounties.

Core infrastructure relies both on Babylon for staking, and on the Chainlink CCIP for secure cross-chain movement, with EigenLayer integration 

. LBTC integrates with leading DeFi applications across lending platforms (e.g., 

) and automated vaults. The platform supports multiple blockchains (including Ethereum, Base, Sui, BNB Chain) and 

 (L2s), positioning LBTC as a versatile cross-chain asset.

Here's how you can stake BTC on Lombard and use LBTC in DeFi and automated vaults.

Lombard Finance (via its LBTC token) offers a compelling way for Bitcoin holders to put their assets into use, earn yield via Babylon staking and gain exposure to the expansive DeFi ecosystem — all while maintaining liquidity. Incubated by Polychain Capital and supported by a robust consortium and growing partner network, Lombard is positioning LBTC as a secure and versatile liquid Bitcoin standard.

It’s easy to participate in the Lombard ecosystem through 

, you can utilize your Bybit Web3 Seed Phrase Wallet to stake BTC and mint 

, Lombard's vault token that represents deposits in automated yield strategies. This provides you with a seamless gateway to access Bitcoin liquid staking and DeFi yields.

Ready to unlock your Bitcoin's potential? 

Intermediate

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Lombard Finance: Polychain-backed Bitcoin liquid staking protocol

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. 

Altcoin season might have come with reviveding speculation 

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. This resurgence has sparked renewed interest among retail traders, shifting focus from Bitcoin to smaller, more speculative altcoins. The overall market saw a 10% increase in value during the final eight days of April, contrasting with Bitcoin's 7% gain. This trend indicates a growing appetite for risk among investors, particularly in meme coins, which have seen a surge in social media discussions.

However, caution is warranted as elevated crowd enthusiasm often precedes market corrections. Historical patterns suggest that when buzzwords like "altseason" are dominating discussions, it may signal an impending price exhaustion. The current market dynamics reflect a shift toward speculative investments, raising concerns about the sustainability of this enthusiasm.

Bitcoin's bullish sentiment substantially improves

Bitcoin's position as the leading cryptocurrency has remained steady, with discussions around its price fluctuating significantly. Following a period of pessimism, when predictions dipped as low as $10K–$69K, sentiment shifted dramatically with the price recovery. Now, optimistic projections of $100K–$159K are dominating conversations, indicating a reversal in trader sentiment.

Despite Bitcoin's consistent presence in market discussions (approximately 25% of asset topics), the ratio of bullish-to-bearish commentary has grown increasingly favorable. This suggests a growing confidence among traders bolstered by Bitcoin's recent performance. However, it’s essential to monitor whether this bullish sentiment translates into sustained investment, or if it leads to overconfidence that may trigger a market pullback.

Ethere, once a robust contender in the altcoin arena, has struggled to regain retail investor confidence despite recent bullish commentary and promises of innovation from co-founder Vitalik Buterin. Its social media presence has dwindled to about 6–7% of discussions, a significant drop from previous years. This decline highlights the challenges Ethereum faces in re-establishing itself as a go-to investment in a market increasingly dominated by speculative assets.

Conversely, XRP has seen a notable increase in optimism surrounding ETF approvals, with expectations rising to 85%. This shift reflects a broader trend of institutional interest in cryptocurrencies, potentially paving the way for significant capital inflows. Meanwhile, Dogecoin's potential ETF listings have sparked renewed interest, transforming its image from that of a meme coin to a legitimate investment option. The growing dialogue surrounding institutional adoption of Dogecoin and XRP indicates a pivotal moment for these assets, suggesting they may play critical roles in the evolving cryptocurrency landscape.

Advanced

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Bybit x Santiment social sentiment report: Altcoin sentiment recovers despite Bitcoin’s resilience

Bybit Spread Trading allows traders to simultaneously buy and sell two related instruments in order to hedge risk or profit from price discrepancies. Read more.

Whether markets are flying high or wobbling unpredictably, one thing remains true: traders are always looking for smarter ways to 

 and find profit opportunities. That’s where Bybit Spread Trading comes in. This feature is tailor-made for those who want to go beyond basic buy/sell plays and start taking advantage of price discrepancies between related instruments. In this guide, we’ll walk through exactly how Bybit Spread Trading works, why it matters and how you can start using it today, whether you’re 

is a newly launched Bybit feature that allows users to simultaneously buy and sell two related instruments — such as Spot, Perpetual or Expiry contracts with different settlement dates — in order to hedge risk or profit from price discrepancies.

This type of trading strategy is popular among institutional and professional traders because it enables more precise, controlled market exposure. However, with Bybit’s interface, the barrier to entry is significantly lowered, opening the door for individual traders to tap with just a few clicks into a powerful set of tools.

At its core, Spread Trading on Bybit is about executing what’s called a combo trade. This means entering two positions at once: one long, one short. These positions are taken on related instruments, such as a BTC Spot trade and a BTC Perpetual contract, with the idea that their prices will either converge or diverge in a way that benefits your position.

When you place a buy combo, you’re buying the instrument with the longer expiration (the “far leg”) and selling the one that expires sooner (the “near leg”). 

A sell combo is the reverse: selling the far leg and buying the near leg. The profit (or loss) comes from how the spread between these two instruments shifts over time.

For example, if you believe the spread between a Perpetual and a Quarterly Futures contract will widen, you can buy the combo. If the spread increases after your entry, that movement becomes your profit. Bybit calculates your 

 prices automatically, based on the mark prices and your defined “order price,” so there’s no need to manually crunch the numbers.

Perhaps the most important feature here is atomic execution. This ensures both sides of your combo trade are filled together, in equal quantities, or the trade doesn’t go through at all. It removes “leg risk,” which is the danger of getting filled on one side of the trade, but not the other. In volatile markets, that alone can save you from an unwanted mess.

Spread Trading on Bybit currently supports combinations such as Spot and Perpetual, Spot and Expiry, Perpetual and Expiry, or even two Expiry contracts with different dates. This flexibility lets you build strategies that align with different market outlooks — bullish, bearish or neutral.

There’s a strong reason why Spread Trading is a go-to for many experienced traders: it allows for strategic plays that are more sophisticated than just guessing price direction. On Bybit, it’s not only powerful, but also convenient.

First, you get price certainty. Your spread is locked in at the price you specify. There’s no 

 between legs because the entry prices are automatically calculated and matched. You’re trading the spread, not the individual legs.

Secondly, the trading experience is smoother. Instead of placing two separate orders and manually trying to sync them, Bybit handles everything as a single transaction. You don’t have to worry about whether one leg gets filled and the other doesn’t — that risk is eliminated through atomic execution.

Third, this setup is a great hedge against volatility. By taking opposing positions on two related contracts, you reduce exposure to sharp price movements. Your P&L becomes more about the relative performance between contracts, rather than the market direction itself.

There’s also a strong cost advantage. Trading spreads on Bybit is significantly cheaper than doing it manually. You pay only half the trading fees you’d incur if you placed two individual trades on the order book. For high-volume or 

, that translates to meaningful savings over time.

Finally, it unlocks strategy flexibility. Whether you're 

 funding rates between Spot and Perpetual, doing 

 with different Futures contracts or taking advantage of price convergence before expiry, this platform gives you the tools to execute those ideas efficiently.

How to get started with Bybit Spread Trading 

Now that you have a better understanding of how Bybit Spread Trading works, let’s look into how to get started. Please note that you’ll need to have a Bybit account in order to proceed. If you don’t already have one, please check out our 

 for more information on how to create a Bybit account.

: Log in to your Bybit account and hover your cursor over the 

: The available spreads are organized in a grid, with each tile representing a unique combo. Choose your preferred combo to trade.

Tiles with a border around them signify that Spread Trading offers a better price. Hover over a tile for more details, or use the bar at the bottom of the grid to explore more options.

On the order placement page, set up your order with the following parameters:

to place your order. A pop-up window will appear for you to confirm your order details. Then, click on 

Congratulations — you’ve successfully placed an order!

You can view your Spread Trading orders from any trading page (Spread Trading, Spot and Futures), as they all share the same order data.

 to view your active orders. You’ll be able to view the combo, underlying asset, order price and more. 

If you would like to adjust your order parameters, you may click on the pencil icon under 

. To cancel your order, simply click on the order’s corresponding 

to view your completed orders. To view each order’s information on each leg, click on the order’s corresponding 

button. For additional insights, click on 

Spread trading isn’t for everyone — but if you’re someone who enjoys strategic trading, hedging or arbitrage, it’s a tool worth adding to your arsenal. It appeals to traders who are less interested in taking a directional bet, and more focused on capitalizing on inefficiencies in the market.

You don’t have to be a pro trader to benefit, either. The simplified execution and intuitive UI mean even intermediate users can explore advanced strategies without being overwhelmed. As long as you understand how spreads work, and how your P&L is affected by their movement, you’re already halfway there.

More importantly, in times of market uncertainty or low volatility — when price action feels sluggish — spread trading gives you an alternative way to profit. It keeps you in the game — even when momentum plays aren’t cutting it.

Bybit Spread Trading is a powerful tool that combines simplicity with sophistication. Whether you're looking to hedge, save on fees or experiment with 

 strategies, it offers a clean and user-friendly way to do so. With lower risk, lower costs and plenty of flexibility, Bybit Spread Trading is a smart move for any trader looking to level up their game — especially when markets get messy.

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Bybit Spread Trading: Smart strategies for market swings

Bybit Learn

Stablecoin

While stablecoins and cryptocurrencies both utilize blockchain technology, their fundamental purposes and characteristics significantly diverge. Learn more.

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Volatility is the one thing that traders both fear and adore. If you’re somewhat familiar with the crypto market, you’ll know that 

 can be a double-edged sword in the arena that is crypto trading. From dizzying highs to staggering lows, gains and losses can be made in an instant, thanks to the inherent volatility within the crypto space. Fortunately, digital assets such as 

 aim to mitigate this risk by providing a more dependable alternative within the crypto trading ecosystem.

 are, and that they’re typically used as a means to facilitate crypto trading, there’s certainly more than meets the eye with this type of pegged asset. From their unique role in decentralized finance (

) protocols to their place in the ever-changing regulatory landscape, this article will explore how stablecoins compare to other cryptocurrencies — and what awaits them in the future.

Stablecoins are digital assets designed to maintain a stable value by being pegged to an underlying asset, such as a fiat currency, commodity or basket of cryptocurrencies. 

Unlike traditional cryptocurrencies, which are generally volatile, stablecoins aim to provide price stability. This makes them particularly useful for facilitating trades, payments and remittances, and as a store of value during market fluctuations.

The stability of stablecoins also bridges the gap between traditional finance (TradFi) and 

. For example, sending money internationally using a stablecoin such as 

 avoids costly bank wiring fees and administrative delays associated with banks.

The mechanisms of each stablecoin peg vary depending upon their type.

Stablecoins thus offer a reliable medium of exchange in the volatile crypto market, making them increasingly popular among businesses and individuals alike.

In their broadest definition, cryptocurrencies are decentralized digital assets that use cryptography for security and operate on blockchain technology. 

Unlike stablecoins, cryptocurrencies derive their value from market dynamics, rather than being tied to an external asset. With the end goal of eliminating intermediaries such as banks, cryptocurrencies allow users to transact directly with one another in a 

 (P2P) fashion. This decentralization is a core principle of cryptocurrencies, one of many values that aim to empower crypto users with greater financial autonomy and control.

Popular cryptocurrency projects and their use cases

Some of the most well-known coins and tokens include the following.

These cryptocurrencies have diverse use cases, ranging from investment opportunities to powering blockchain ecosystems.

Unlike traditional stocks and equity, cryptocurrencies lack an external anchor for their value. Their prices fluctuate based on the factors listed below.

While this volatility presents risks, it also offers significant growth potential for investors willing to navigate these fluctuations strategically.

Stablecoins vs. cryptocurrencies: similarities and differences

You might be wondering why we’re comparing these two seemingly different asset classes. One is a bastion of price stability and certainty, while the other is primarily associated with volatility and speculation. While they both exist within the realm of digital assets and utilize blockchain technology, their fundamental purposes and characteristics diverge significantly. However, they also share certain commonalities that warrant a closer examination.

Shared characteristics between stablecoins and cryptocurrencies

At their core, both stablecoins and cryptocurrencies share foundational traits.

Stablecoins and cryptocurrencies both exist as digital assets, meaning they’re represented electronically and rely on digital infrastructure. This shared digital nature allows for fast, borderless transactions and integration with online platforms.

A significant portion of stablecoins and cryptocurrencies utilize blockchain technology. This shared foundation provides transparency, security and immutability.

While their degree of decentralization varies, stablecoins and cryptocurrencies can operate on decentralized networks. Cryptocurrencies such as Bitcoin are designed to be highly decentralized, with no central authority. Some stablecoins (like Dai) also strive for increased decentralization. However, many fiat-backed stablecoins are more centralized in nature.

Stablecoins and cryptocurrencies both have the potential to facilitate cross-border transactions without the need for traditional intermediaries such as banks. This can result in faster, cheaper and more accessible international payments, particularly for individuals and businesses in regions with limited access to traditional financial services.

Both stablecoins and cryptocurrencies play crucial roles in DeFi. They’re used for lending, borrowing, trading and providing liquidity on DeFi platforms, enabling users to access financial services without relying on traditional institutions.

Stablecoins and cryptocurrencies both utilize cryptographic techniques to secure transactions and ensure the integrity of their networks. Cryptography protects against unauthorized access, 

Ultimately, these shared features make both asset types attractive to individuals seeking financial independence from centralized institutions.

Key differences between stablecoins and cryptocurrencies

The primary distinctions between these two digital assets lie in their value mechanisms, functionality and overall adoption.

Stablecoins are specifically designed to maintain a stable value, usually by being pegged 1:1 to a fiat currency like the US dollar. This inherent stability makes them suitable for predictable transactions and as a temporary store of value. In contrast, other cryptocurrencies are typically characterized by high price volatility, driven by speculation, open market supply and demand and broader economic news. This volatility presents opportunities for profit, but carries substantial risk.

The primary roles of stablecoins are to serve as a stable medium of exchange within the digital asset ecosystem, act as a 

 against the volatility of other assets and facilitate trading and/or DeFi activities. Conventional cryptocurrencies often serve a wider range of purposes, including speculative investment, potential long-term store of value (like Bitcoin) or as the native token to power DApps and networks.

A fundamental difference between stablecoins and cryptocurrencies lies in determining how their values are maintained. Stablecoins rely on mechanisms like holding equivalent reserves of the pegged asset, or using algorithms to control supply and demand to sustain their link. Conversely, the values of other cryptocurrencies are generally determined by dynamic market forces, without a direct peg to external real-world assets.

Stablecoins are facing intense and increasing regulatory scrutiny worldwide, as exemplified by frameworks like the 

, now in effect, and ongoing discussions in the US, such as those potentially related to proposals like the previously discussed 

 (GENIUS) Act. Regulatory focus is primarily on reserve adequacy, issuer responsibilities and potential systemic risks. The regulatory landscape for other cryptocurrencies is more varied and fragmented across jurisdictions, leading to a complex global patchwork that continues to evolve.

Due to their design, stablecoins generally have lower volatility risk as compared to other digital assets. However, they carry distinct risks related to the reliability of their pegs, the solvency and transparency of the issuers and evolving regulations. On the flip side, cryptocurrencies carry high market risk due to their inherent price volatility.

By understanding these similarities and differences, individuals can make informed decisions about how to utilize these digital assets within their trading strategies.

When deciding between stablecoins and cryptocurrencies, there is no definitive answer as to which is better. Each serves a unique purpose, and their suitability depends upon your financial goals, 

 and intended use. To make an informed decision, it’s essential to weigh the trade-offs between stability and growth potential in order to gauge which works best for your long-term trading and/or investing objectives.

Evaluating stability vs. growth potential

Stablecoins and cryptocurrencies occupy opposite ends of the risk spectrum. Stablecoins are designed to minimize volatility, making them ideal for individuals or businesses seeking predictability in value. Their price stability makes them particularly useful for payments, remittances and storing value during turbulent market conditions.

On the other hand, cryptocurrencies like Bitcoin or Ether are inherently volatile, but offer significant opportunities for capital appreciation. Their value fluctuates based on market demand, investor sentiment and technological developments. For those willing to embrace risk in pursuit of higher returns, cryptocurrencies may be the preferred choice.

Ultimately, the decision hinges on your personal objectives and deciding whether you’re actively trading or focused on a long-term portfolio.

The future of stablecoins and their expanding role in finance

Stablecoins are increasingly seen as a crucial component bridging traditional financial systems and the burgeoning digital asset ecosystem. Their core function is to maintain a stable value, typically by pegging to reserve assets like fiat currencies or commodities. Considering that they’re expected to play a pivotal role in transforming global financial systems by merging the efficiency of digital currencies with the reliability of fiat money, here are some ways they may influence global finance.

Stablecoins and cryptocurrencies represent two sides of the same coin (no pun intended) within the digital asset ecosystem. While stablecoins offer reliability through price stability, cryptocurrencies provide opportunities for innovation and growth. Understanding these differences is essential for navigating the crypto space effectively.

As blockchain technology advances and global adoption grows, these two asset types will play complementary roles in reshaping finance. Whether you seek stability or growth potential, there’s no doubt that crypto is driving us toward a more inclusive financial future.

Stablecoin vs. crypto: Balancing stability with growth potential

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Stablecoin vs. crypto: Balancing stability with growth potential

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