The Ethereum Foundation has reorganized its leadership and protocol teams to align with a new roadmap focused on scaling Layer 1, improving Layer 2 data storage through blobs, and enhancing user experience.

Daily top performer — Grass Network (GRASS)

The S&P 500 was nearly flat, rising 0.01%, as weak ADP jobs data raised concerns ahead of the key payrolls report. Gold climbed to $3,382 on weak US data and rising US-China tensions, supported by falling yields and a softer dollar. The Coindesk Indices, which tracks the broader crypto market, fell 1.32%, with Bitcoin and Ether down 1.24% and 0.42%, 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 GRASS, up 7.5% after Grass launched a video search engine powered by a billion-video dataset for frame-level AI discovery.

Grass Network (GRASS), founded in 2023, is a decentralized Solana-based protocol that turns unused internet bandwidth into a resource for gathering and organizing public web data to support AI development. 

, a powerful tool that lets users find specific visual content within videos using frame analysis instead of relying on transcripts or tags. The Grass Foundation has built one of the largest public video datasets—over 1 billion videos, segmented by scene with keyframe annotations—and plans to process over 4 billion more. Early access is available to researchers, journalists, and nonprofits.

Check out the latest prices, charts, and data of 

The Ethereum Foundation has reorganized its leadership and protocol teams to align with a new roadmap focused on scaling Layer 1, improving Layer 2 data storage through blobs, and enhancing user experience. Core developers Tim Beiko, Alex Stokes, and Barnabé Monnot emphasized that Ethereum is at a pivotal moment to scale both its technology and values globally. New team leads have been appointed for each area, and the foundation stressed cross-team collaboration to tackle complex challenges. The changes follow the replacement of Executive Director Aya Miyaguchi with co-executive directors Hsiao-Wei Wang and Tomasz Stańczak.

Yesterday, BTC spot ETFs saw $197 million in net outflows, all from non-GBTC funds, while GBTC recorded no change.

 is a new decentralized stablecoin project on Monad testnet, focused on privacy through zero-knowledge proofs via Succinct’s SP1 zkVM. Users can mint USDm by depositing MON or ETH, enabling faster, private DeFi interactions without moving tokens. Early users may benefit if a points program launches later.

Beginner

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Ethereum Foundation reshapes leadership to drive new roadmap on scaling and UX improvements

Privasea is a decentralized AI network that uses advanced FHE technology to enable secure computations on encrypted data without exposing the original information.

The arrival of AI has unleashed unprecedented computational power and problem-solving capabilities across virtually every industry. However, as AI solutions multiply, so do concerns about how our sensitive data is being handled, processed and protected.

Privasea (PRAI) emerges as a solution to these fundamental privacy challenges through its decentralized AI network, which enables computations while maintaining complete data confidentiality. This article explores Privasea's innovative approach to confidential computing, how it works — and why it matters in our increasingly AI-driven world.

 is a decentralized AI network that uses advanced fully homomorphic encryption (FHE) technology to enable secure computations on encrypted data without exposing the original information, ensuring data privacy throughout the entire AI process.

 and security experts who recognized that AI's exponential growth created unprecedented privacy challenges for organizations handling sensitive data. The team developed innovative FHE technology to enable AI computation on encrypted data without exposing the underlying information.

Privasea quickly attracted significant investment from major players in the blockchain and cryptocurrency spaces. The company's seed funding round secured $5 million from respected investors, including Binance Labs, Gate Labs, MH Ventures, K300 Ventures and QB Ventures.

Following this initial success, Privasea raised an additional $15 million in its Series A round, bringing the company's valuation to $180 million. This round was led by GSR, Amber and Echo, with continued support from notable investors such as Binance Labs, OKX Ventures, Gate Labs and Laser Digital.

Privasea aims to eliminate the fundamental trade-off between AI functionality and data privacy that has prevented widespread adoption across sensitive industries. Now, organizations can leverage powerful AI capabilities while keeping confidential data fully encrypted throughout the computation process.

The platform also addresses regulatory compliance barriers that prevent organizations from adopting AI solutions due to data protection requirements such as 

. By solving these privacy challenges, Privasea ultimately aims to build trust between users and AI systems, encouraging broader participation in data-driven innovation.

 that transforms FHE from a theoretical concept into a practical application: the Application Layer, Optimisation Layer, Arithmetic Layer and Primitive Layer work together to enable secure AI computation on encrypted data.

The HESea Library forms the foundation of Privasea's technology stack. This open-source library provides developers with efficient implementations of popular FHE schemes and cryptographic optimizations needed for secure computation on encrypted information.

The Privasea API builds on this foundation to offer developers comprehensive tools for creating privacy-preserving AI applications. It serves as the primary gateway to the network, allowing seamless integration of advanced privacy features into existing applications.

Privanetix operates as the distributed computation network in which encrypted data processing occurs. This interconnected system of nodes performs FHE calculations while maintaining data confidentiality, with the Privasea Smart Contract Kit managing network operations and reward distribution via blockchain technology.

The process begins when users encrypt their data using FHE protocols before uploading it to the network. Once uploaded, the distributed Privanetix nodes perform AI computations while data remains encrypted throughout, ensuring privacy is maintained from start to finish.

 to enable AI computation and preserve data privacy.

The ImHuman™ app is the world's first mobile application to use FHE to verify human identity without exposing biometric data. Users can mint a Proof of Human 

 through facial scanning, with all biometric information remaining fully encrypted throughout the verification process.

DeepSea serves as Privasea's decentralized mainnet compute layer in which all FHE-secured AI tasks are processed. This operational foundation incorporates Privanetix, WorkHeart and Acceleration Nodes to deliver optimal speed, security and performance for encrypted computations. It integrates AI agent models, facial recognition and private machine learning capabilities, enabling organizations to leverage AI while maintaining complete data privacy across industries handling sensitive information.

Privasea has developed the world's first privacy-preserving 

 running on the DeepSea Network. This agent allows developers and organizations to easily deploy FHE AI tasks on user data without exposing the underlying information. The built-in models for biometric, medical and financial use cases work alongside the user-friendly API for direct 

Privasea uses two node types to power its computational infrastructure.

Privasea has achieved key development milestones while securing substantial funding to support its privacy-preserving AI vision. In 2023, the project launched its testnet V1 and completed a $5 million seed funding round from prominent investors.

The team accelerated development throughout 2024 with multiple testnet iterations, releasing testnets V2 and V3 alongside the WorkHeart Node hardware. The ImHuman app reached 240,000 users as Privasea secured an additional $15 million in Series A funding.

Looking ahead to 2025, Privasea plans to launch the DeepSea mainnet and conduct its PRAI token sale while expanding AI 

 use cases across its ecosystem. The project’s road map extends into 2026 with planned collaborations with Web 2.0 and AI enterprises alongside global expansion of privacy computing solutions.

 of the Privasea ecosystem, has a total supply of 1 billion. Its distribution prioritizes network sustainability, with 35% allocated to mining and staking rewards for participants who provide FHE and privacy services. In addition, its team receives 13% with performance-based vesting, while backers and strategic partners hold 22.5% of the total supply. Marketing and community development account for 15%, with 10.5% reserved for unforeseen needs and 4% dedicated to market liquidity.

PRAI is used to enable access to confidential AI computing services and cover transaction fees for secure computations across Privasea’s network. The token powers identity verification within the ImHuman app and allows users to activate AI agents for data analysis and automation.

PRAI holders can stake their PRAI to support network operations while earning rewards and participating in governance decisions. This utility-driven model ties PRAI's value directly to ecosystem usage and ensures aligned incentives between users, developers and network operators.

Looking to trade Privasea tokens? Bybit now offers the PRAI/USDT Perpetual contract. To get started, you'll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While Privasea demonstrates innovative technology and strong backing in the privacy-preserving AI space, investors must carefully weigh its growth outlook against potential risk factors.

Privasea (PRAI) shows promising potential, with substantial financial backing and innovative encoding technology. Increasing demand for decentralized storage solutions provides a favorable market environment. However, potential investors should 

 and consider their risk tolerance, particularly given Privasea’s early position in its development journey.

Privasea represents a breakthrough in addressing AI's privacy challenges through innovative FHE technology. With substantial backing from leading investors and a comprehensive ecosystem including ImHuman, DeepSea and specialized nodes, the project is well-positioned to enable widespread AI adoption across privacy-sensitive industries.

Intermediate

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Privasea (PRAI): Navigating the sea of privacy in AI

Gold’s resilience through Q2 2025 continues to be supported by broad macroeconomic headwinds. 

Gold’s resilience through Q2 2025 continues to be supported by broad macroeconomic headwinds. While equities remain flat year-to-date, gold has gained 28%, bolstered by a weakening US dollar and lingering inflation. With gold priced in dollars, any drop in the currency’s value enhances its appeal — particularly to international investors seeking protection from currency devaluation.

Persistent inflation continues to erode the real returns of fiat currencies, further strengthening gold’s role as a hedge. Meanwhile, the S&P 500 remains stagnant, underperforming relative to both gold and silver and highlighting the precious metals’ safe-haven status during periods of macro uncertainty.

Looking ahead, attention will be turning to the US Federal Reserve.

 The next interest rate decision is scheduled for 

, but markets widely expect rates to remain unchanged at 4.5%. The following meeting, on 

, is viewed as a more likely window for a potential rate cut. A lower interest rate environment would typically weaken the dollar and boost gold, as the opportunity cost of holding non-yielding assets declines.

Geopolitical uncertainty and tariff risks

Geopolitical trade tensions remain a major driver of gold’s outlook. President Trump’s tariff policies, particularly on European Union imports, continue to dominate headlines. Originally expected to begin on June 1, the administration granted a delay, pushing the 50% EU tariff decision out to 

 covering global trade partners is now set to expire 

These back-to-back July deadlines have created a window of relative calm — but expectations are rising. If no deals are reached, and tariffs resume, demand for gold and silver as safe-haven assets could spike sharply.

The market has begun to price in the risk. Exporters, importers and investors are increasingly favoring metals over vulnerable currencies such as the Canadian dollar (CAD), Chinese yuan (CNY) and Mexican peso (MXN). As the July tariff deadlines approach, gold’s role as a neutral reserve asset may be tested again.

From a technical standpoint, both gold and silver remain in bullish territory. Gold’s 

 (MACD) is turning positive again, suggesting that short-term price momentum is reaccelerating. The 12-day moving average is trending above the 26-day, and 

 (RSI) remains under 60 — indicating there’s still room for further upside before overbought conditions emerge.

Gold’s key level remains at $3,500, while the next upside technical target is $4,000 by year end, which is consistent with prior projections.

Silver is now testing the $35 level — its highest since 2012. A confirmed breakout above $35 could trigger renewed buying and fast momentum toward the 

, last seen in 2011. Technical traders are closely watching this level, as sentiment in silver has lagged behind gold until now but is beginning to shift.

China continues to be a major source of physical demand. With strict capital controls and ongoing economic pressures, Chinese investors are increasingly turning toward gold to preserve capital. As the yuan weakens and growth expectations moderate, gold is gaining status as both a hedge and a domestic alternative to holding foreign currencies or equities.

This trend reinforces gold’s base of long-term demand — particularly as central banks and high–net worth individuals in emerging markets increase their allocation to hard assets.

Silver’s long-standing correlation with gold has once again come into play. While gold led the rally earlier in the year, silver is now attracting renewed attention — especially as it approaches the key resistance level at $35. Notably, silver attempted to break above $35 in 

. These three attempts mark the only serious challenges to the $35 level since 2012, making this zone a critical technical threshold. A confirmed breakout above $35 could generate strong momentum toward silver’s 

, offering a hybrid profile: part safe haven, part cyclical asset. This makes silver a valuable diversification tool in portfolios seeking exposure to both macro stress and global recovery trends.

June 2025 marks a turning point, a brief pause ahead of what could be a highly volatile July for precious metals. With major tariff delays set to expire on July 8 and 9, and a possible Fed rate cut on July 30, traders are already positioning for a significant move in both gold and silver.

With technical momentum still constructive and macro risks building, gold remains on track to reach the $4,000 mark by year end. Silver, meanwhile, is approaching a major breakout level and could become the next headline trade if it crosses $35.

In the weeks ahead, gold and silver may prove to be the key assets navigating through global uncertainty — offering both protection and opportunity.

Advanced

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Bybit X FXStreet TradFi Report: Gold on track for $4,000 by the end of 2025

Pump.fun is reportedly planning a $1 billion token sale at a $4 billion valuation, according to multiple sources. 

The S&P 500 rose 0.58% on Tuesday, extending its gains for a second day as tech stocks led the rally. Investors now await key labor market data later this week. Gold dipped 1.29% as strong U.S. job data signaled a resilient labor market, reducing rate-cut hopes and prompting profit-taking after Monday’s rally. The Coindesk Indices, which tracks the broader crypto market, rose 0.72%, with Bitcoin and Ether up 1.74% and 3.00%, 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 MKR, up 8.8% after Spark expands to Optimism and Unichain, bringing Sky’s yield-bearing stablecoins to the Superchain ecosystem.

Sky (MKR), founded in 2014, is a DeFi platform evolved from MakerDAO, offering USDS stablecoin, token rewards, and easier governance. Users can upgrade DAI/MKR, earn yield, and trade crypto. 

, bringing Sky’s 4.5% yield-bearing stablecoins (sUSDC and sUSDS) to Ethereum’s Superchain. The move enhances on-chain savings and liquidity through Spark’s Liquidity Layer, allowing users to earn yield without bridging or complex setups. Backed by $2.6B in reserves and supported by the Optimism Collective, Spark enables seamless, composable DeFi across chains.

Pump.fun is reportedly planning a $1 billion token sale at a $4 billion valuation, according to multiple sources. The memecoin launchpad, which enables users to mint Solana tokens instantly, has generated over $700 million in revenue and seen nearly 11 million tokens created with a combined $4.5 billion market cap. The token sale—open to both public and private investors—could launch within two weeks, signaling Pump.fun’s emergence as a major player in the crypto space.

Yesterday, BTC spot ETFs saw $317.1 million in net inflows, all from non-GBTC funds, while GBTC recorded no flow.

, its biggest yet, with 500,000 $ALICE tokens up for grabs across four waves starting June 3. Participants can earn points through weekly in-game quests, social activities, referrals, and competitions. The campaign runs until the launch of Chapter One: A New Adventure on June 17.

Pump.fun targets $1B raise at $4B valuation as memecoin launchpad nears token debut

Bybit Learn

All About P2P Platforms

Congratulations, you've made a profit investing in crypto. Here are the best ways to convert crypto to cash on Bybit so you can cash out your crypto gains.

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Even as crypto advocates and enthusiasts make a case for crypto going mainstream, fiat money still dominates global finance. Merchants and retailers who accept crypto as payments are still few and far between. Accordingly, crypto asset holders still need to convert their holdings to cash for regular everyday use and spending.

However, between navigating exchanges and storage wallets — and understanding how they all work — many investors are left confused. 

Fortunately, major exchanges such as Bybit make it straightforward for users to convert their cryptocurrencies to fiat.

This article will explain all you need to know about Bybit’s off-ramping solutions, so you can cash out without hassle.

A crypto off-ramp is the process of exchanging cryptocurrencies for fiat currency. It means “cashing out” of crypto into a fiat currency used to trade value.

With an off-ramp, users have the option to trade in and out of fiat currency and crypto at will. The ability to seamlessly convert crypto back into fiat currency encourages wider crypto adoption. 

Crypto evangelists look forward to a time when crypto will replace fiat money for everyday use. However, this vision is still a long way off, and you’ll still need to convert your crypto to fiat to buy a cup of coffee or groceries. 

Aside from that, cryptocurrencies are notoriously volatile. So, depending on your investment strategy, it might be wise to cash out when the value of your crypto holding rises to a certain profit-earning level.

Rapid, unpredictable price movements have always been a challenge in cryptocurrency markets. Stablecoins were introduced to tackle this problem. They are crypto assets whose prices are pegged to other more stable assets, such as fiat or gold, insulating them from crypto market volatility. Using stablecoins, crypto investors have found a helpful hedge against the troubles of volatility.

Even so, the recent collapse of the Terra ecosystem and its UST stablecoin has cast a

shadow over the stablecoin space. People are beginning to question the stability of stablecoins and increasingly demand more regulation. Meanwhile, fiat currency continues to provide the stability and a medium of exchange that investors value.

Bybit provides a high-quality platform for any user, regardless of experience level, to cash out their crypto. Here are the three ways to convert your digital assets to fiat currency on Bybit.

 in the crypto space, Bybit’s P2P trading platform offers a straightforward and secure way for two users to exchange value at an agreed-upon price. Here’s how to cash out your crypto using Bybit’s P2P.

page, and find your preferred buyer by filtering with 

. Add your preferred payment method, if you haven’t done so.

: When you find your ideal buyer, click on 

: In the provided fields, key in the value of the USDT you want to sell, or the amount of fiat you want to receive, and click on 

Make sure your bank account name is the same as your registered name on Bybit. Otherwise, the buyer may cancel the order and request a refund.

: After you initiate the trade by clicking on 

, the buyer has only 15 minutes to make the payment through your selected payment method, or the transaction automatically cancels. If you run into any issues with the transaction process, you can immediately start a conversation with the buyer by clicking on the 

: Once the buyer has successfully funded your linked bank account on Bybit, go ahead and click on 

 to send your crypto to the buyer's wallet.

To avoid losing your digital assets, double check to ensure the funds are in your account before releasing your tokens to the buyer.

If the buyer fails to pay within the 15-minute window, the order automatically cancels, and your in-escrow tokens are returned to your Spot Account.

If you don't receive the payment within 10 minutes of being notified, click on 

, and a customer support rep will contact you.

If you have any issues with your order, click on the

 in the bottom left corner to contact Bybit

. Please provide your UID, P2P order number and screenshots for a quick resolution.

: After successfully logging in, click on 

 on the top left corner of the navigation bar to go to the P2P trading page.

: Find your preferred buyer by filtering with 

. Add your preferred payment method, if you have yet to do so.

: Select an offer from the filtered search results, and click on 

: Input the amount of USDT you want to sell, or the amount of fiat currency you want to receive, and click on 

: Wait for the buyer to pay. They must do so within 15 minutes, or the order will automatically be canceled. Similarly, if you run into transactional issues, you can click on the 

: You'll be notified once the buyer completes the payment. Confirm that the funds are in your account before clicking on 

The order will automatically be canceled if the buyer does not complete the payment within 15 minutes, and the coins reserved in escrow will be returned to your Spot Account.

If you haven't received the payment within 10 minutes of being notified, click on 

, and a customer support rep will contact you. Alternatively, you can also visit the 

 in the bottom right corner to contact Bybit 

 and provide your UID, P2P order number and screenshots for a quick resolution.

While instances of fraud do exist in the P2P space, you won’t need to fret after reading up on our guide on 

: Log in to your Cabital account and click on the 

: Enter the amount you want to withdraw and your preferred payment method, and confirm the bank account number displayed on the screen.

: Enter the 2FA authentication codes from your email and Google Authenticator to approve the withdrawal.

: The withdrawal request will be processed and the funds sent to your bank account.

Withdrawing to an External Platform and Cashing Out

Bybit allows you to withdraw to an external platform, such as a hardware wallet or money transfer app like PayPal, and then cash out from there. This can be done in a few easy-to-follow steps.

 at the top right-hand corner of the home page, then on 

 in your withdrawal currency column. Withdrawals can only be from your Spot Account. Withdrawing any asset in another account requires you to first move it to your Spot Account.

: Choose your preferred chain type. The transaction fee for each chain is displayed.

: Enter a withdrawal amount, or click on 

 to withdraw all your assets. You can view the minimum amount you can withdraw for your selected coin and blockchain on the right of the withdrawal window.

 to go to the withdrawal verification page. Two verification steps are required — email verification and Google Authentication — if your wallet address is not verified.

You can skip the 2FA verification process and submit your withdrawal request if your address is verified. Follow this 

 and drag the slider to complete verification.

: Please enter the verification code you received in your account's registered email.

: Please enter the 6-digit Google Authenticator 2FA security code you obtained.

 tab at the top of the page, then click on

: Select the token you'd like to withdraw. 

tab and select the coin you want to withdraw. This takes you to the 

: Input the details of your withdrawal in the provided fields.

B) Choose your chain type from the drop-down list. 

C) Enter your withdrawal amount. Below the field, you’ll see the current amount you can withdraw, and at the bottom of the page, the withdrawal fee and the final amount you’ll receive. 

: Key in your email verification and Google Authenticator code if your wallet address isn't verified.

Skip this process If your address is verified.

Prefer a more direct method of converting your crypto to cash? Don’t fret, Bybit has you covered with our Fiat Withdrawal and Balance Payment Service. At the moment, you can cash out your crypto by converting them to fiat currencies that include BRL and ARS. From stablecoins like USDT and USDC to blue chip cryptocurrencies like BTC and ETH, Bybit offers a wide array of options so you can easily and effortlessly cash out your crypto holdings.

: Input the amount and type of crypto you want to sell. Make sure you have sufficient balance in your account before proceeding with the transaction.

: Enter the fiat currency you want sent to your fiat balance and check that the total amount tallies with the existing exchange rate between the cryptocurrency and the fiat currency.

: Make sure all your details are correct, then click 

Best Ways To Convert Crypto To Cash on Bybit In 2022

Compete for 2,500 USDT Every Week

Best Ways To Convert Crypto To Cash on Bybit In 2022

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT Every Week

Grab Up to 5,000 USDT in Rewards