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 Guide

Bybit UTA

Trading

Bybit UTA is excellent in streamlining the users' trading experience across asset types within a single account. Here are the tips for managing your risk exposure effectively.  

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As a crypto trader, you've probably become accustomed to juggling multiple assets across different accounts, even within the same exchange. Multiple accounts require regular asset transfers between them and keeping track of margin collateral and overall portfolio performance separately. This setup doesn't allow margining to net out, resulting in less efficient risk management.

Even though multiple trading accounts may be the industry standard, Bybit now offers the Unified Trading Account (UTA), a game-changer for traders looking to streamline portfolio management. With the innovative UTA, you can easily trade and manage multiple assets across the crypto ecosystem from a single portfolio without the typical complexities and risks associated with regular trading accounts.

In this article, you'll learn how to use Bybit’s Unified Trading Account for a simplified experience, effective risk management and optimal trading execution.

 (UTA) is a versatile all-in-one account mode that offers access to multi-currency trading and core trading products with just one click, including Spot, Derivatives, USDC and USDT Perpetual, 

It provides traders with a powerful option to combine trading and cross-collateral margining under a single account. You can access up to five trading products, risk management and portfolio management without switching between accounts.

The UTA is an upgrade optimized for a seamless trading experience for all traders, from retail spot traders to institutional traders who prefer consolidated accounts. The account's functionalities are simple to use, making it suitable for traders of all levels. Additionally, as long as you have supported collateral assets in the UTA and your USD value is sufficient, you can open positions even if you don't have a balance in that particular coin.

Overall, the UTA boasts an innovative product feature that simplifies trading, risk management and account finances, providing traders with a seamless trading experience and enhancing their trading strategies. 

Benefits of Using UTA for Risk Management

Bybit UTA is designed to enhance risk management capabilities for traders. The following are some key benefits of using the UTA for risk management.

Better View of the Consolidated Portfolio 

Bybit UTA provides a consolidated view of all positions across multiple trading pairs and products. Traders can view their holdings in various cryptocurrencies, such as BTC, ETH and USDT, and also view their exposure to different trading pairs, such as BTC/USD and ETH/USDT. With a better view of their consolidated portfolio, traders can quickly identify potential risks and take appropriate actions to manage their positions.

The consolidated portfolio view feeds traders important information, such as their total account balance, margin requirements and unrealized P&L across all their positions. Traders can also view their position details, such as entry price, size and liquidation price, as well as set stop-loss and take-profit orders. For example, a trader who has significant exposure to a particular cryptocurrency may consider reducing their position size or setting stop-loss orders to limit their downside risk.

Effective Deployment of Risk Management Tools

Bybit UTA offers a range of risk management tools, such as stop-loss and take-profit orders, auto-borrowing and cross-asset collateralization, and customizable leverage settings. These tools allow traders to mitigate potential losses and protect their profits, while also optimizing their trading strategies based on their risk tolerance and objectives.

The margin calculation is performed at the account level instead of the individual position level, creating a more robust risk management framework. This is because any unrealized trading profits and losses can balance out, preventing risk from being amplified. A loss on one single position doesn’t have to trigger a liquidation. Rather, margin requirements factor in the overall risk of the unified trading account. Additionally, the Bybit UTA implements risk management strategies across a diversified portfolio, which can further enhance a trader's risk profile.

Bybit UTA supports the trading of various cryptocurrencies, including Bitcoin, Ethereum and other altcoins, as well as perpetual contracts and other derivatives. The comprehensive range of investment products allows traders to diversify their portfolios and manage risks more effectively by allocating funds across multiple assets and products.

How to Use UTA to Improve Margin Efficiency

Since Bybit UTA is a multi-asset account that allows users to manage multiple crypto assets across the crypto ecosystem in one portfolio, it can help traders improve their margin efficiency, which in turn can help maximize returns while minimizing the risk of losses.

Supported Products: Spot Trading, Margin Trading, 

USDT Perpetual, USDC Perpetual, USDC Futures and USDC Options

An important feature of Bybit UTA is its Portfolio Margin functionality, designed for professional derivatives traders. Unlike traditional margin accounts that calculate margin requirements for each position separately, Portfolio Marginestimates margin requirements for the entire account, allowing high–net-worth customers to manage their risks more proactively. This means the ability to use margin across multiple positions, potentiallyoptimizing returns. 

The total USD value of the UTA is based on the following calculation: 

Total Asset Value (in USD) = Number of Assets × USD Index Price × Conversion Ratio

The UTA uses the total asset value and takes into account the overall risk of the entire account, which results in a more accurate and efficient allocation of margin. It also lets you utilize both the simple account and multi-currency margin modes, providing additional options for managing margin requirements.

Supported Products: Spot Trading, Margin Trading,

USDT Perpetual, USDC Perpetual, USDC Futures and USDC Options

Position Modes: One-way Mode and Hedge Mode (only for USDT Perpetual)

 (the default mode) also allows margin balances to be shared across multiple positions, with over 70 crypto assets as collateral. By opening positions across different trading products, you can increase leverage from hedging and enhance capital efficiency. Should you lose a position, you’ll also reduce the likelihood of a margin call and forced liquidation. 

Cross Margin is an ideal risk management tool for long-term trading strategies in the volatile crypto market. Both spot and derivatives traders can use Cross Margin mode.

Supported Products: Spot Trading, USDT Perpetual, USDC Perpetual and USDC Futures

Spot and derivatives traders also have access to Isolated Margin mode. Although Isolated Margin is only assigned to a single position or an independent trading pair, the benefit is that if you experience a margin call or forced liquidation in the position it won’t affect your other positions. You can even set a different level of leverage, depending on whether you hold a long or short position. 

Hence, Isolated Margin is helpful for more conservative traders looking for flexibility in a single position while limiting their losses. Please note that Isolated Margin mode does not support spot margin trading.

Bybit UTA allows traders to improve margin efficiency by optimizing borrowing and repayment functionality using the Portfolio Margin Mode. If the equity of any assets drops below zero because of trades and/or market fluctuations, the system will auto-borrow assets, which may be subject to interest. Manual borrowing is not available.

The following conditions may trigger auto-borrowing:

1. Your wallet balance is reduced by transactions

2. Perpetual contracts record unrealized losses

3. Decrease in value of USDC Options positions

4. When the Spot Margin trading function is enabled, assets are borrowed during margin trading

Another benefit of the UTA is that it offers a broader selection of collateral and borrowable assets, such as USDT, USDC, BTC and ETH. This allows users to access more than 60 assets as collateral, thus benefiting from more flexibility in managing their margin requirements.

Understanding the Liquidation Process With UTA

The liquidation process with Bybit UTA is triggered when the account's maintenance margin rates reach 100%. To understand how the liquidation process works, it’s important to understand the concepts of initial margin rate and maintenance margin rate. 

The initial margin is the amount of collateral required to open a position, while the maintenance margin is the minimum amount of collateral required to keep a position open. The account's initial margin rate and maintenance margin rate are calculated based on the position's initial margin and maintenance margin, respectively.

If the account's initial margin rate reaches 100%, all active orders requiring additional margin will be canceled. This means that the account will only be able to open new positions or increase the size of existing positions once asset value is increased.

If the maintenance margin rate is above 80%, all orders for spot margin that occupy costs will be canceled, and assets will be sold to settle liabilities.

Suppose a user account's maintenance margin rate reaches 100%. In that case, liquidation is triggered, which means the system will automatically sell off some or all of the position to cover the losses and bring the margin back to a safe level. The system first reduces the risk limit of all perpetual trading positions, and then closes positions according to the liquidity order of the trading pairs.

As long as the maintenance margin reduces to below 100%, liquidation can end. It’s important to note that the liquidation price may differ from the bankruptcy price, which is the price at which an entire position is completely liquidated.

If the maintenance margin rate suddenly exceeds the threshold, the liquidation system will take over the USDC Perpetual and USDC Option positions in the account.

Using Bybit's Unified Trading Account (UTA) can be an effective way to manage your risks when trading cryptocurrency. By having access to a variety of risk management tools, such as cross-collateralization and net portfolio margining, you can better protect your capital and potentially increase your profits. 

It's important to take the time to learn how to use these tools effectively and to develop a solid trading plan that takes your risk tolerance and investment goals into account. With the right approach and tools, you can seamlessly and confidently trade multiple crypto assets.

How to Use the Bybit Unified Trading Account for Effective Risk Management

Compete for 2,500 USDT USDT Every Week

How to Use the Bybit Unified Trading Account for Effective Risk Management

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards