Loud has officially launched its $LOUD token through an Initial Attention Offering (IAO) that began on May 31 via HoloLaunch. 

Daily top performer — Mask Network (MASK)

The S&P 500 eased after a 6.15% rally in May, its best month since Nov 2023, amid strong earnings and trade policy uncertainty. Gold rose 0.6% to $3,309.89 as a weaker dollar and Trump's renewed tariff threats on steel and aluminum boosted safe-haven demand. Escalating geopolitical tensions and expectations of Fed rate cuts further supported prices. CoinDesk Indices, which track the broader crypto market, fell 0.07% in the past 24 hours, while Bitcoin and Ether dropping 0.81% and 1.79%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is MASK, up 33.5% after Mask Network backed GoPlus’s real-time Web3 security integration for AI models.

Mask Network (MASK), founded in 2017, brings Web3 features like crypto and NFTs to platforms like Twitter and Facebook, supporting multiple blockchains. 

, the first AI-native Web3 security layer that brings real-time threat detection—such as phishing and honeypots—to large language models like Claude and DeepSeek. Supporting over 40 blockchains, this integration marks a key step in bridging AI with Web3 infrastructure.

Check out the latest prices, charts, and data of 

 its $LOUD token through an Initial Attention Offering (IAO) that began on May 31 via HoloLaunch. The IAO aimed to raise $70,000 (400 $SOL) for 45% of the total supply, split between a priority phase for the top 1,000 contributors and a first-come, first-served community phase. Eligible KaitoAI users could participate by contributing 0.2 $SOL. Following the IAO, $SOL and $LOUD liquidity was added to Meteora, and trading on the open market has since commenced, marking the start of the decentralized attention experiment backed by KaitoAI.

During the week of May 26–30, 2025, BTC spot ETFs saw a total net outflow of $144.8 million, with GBTC accounting for $134.4 million in outflows and non-GBTC funds down by $10.4 million. Despite recent volatility, cumulative flows since inception remain positive at $44.4 billion, driven by $67.6 billion in non-GBTC inflows offsetting $23.2 billion in GBTC outflows.

Beginner

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Loud token launches with IAO and community-driven trading kickoff

Explore our article to find out how you can plan and execute a futures spread trade.

While some crypto traders are hyperfocused on maximizing their gains while 

 often leads to account blowups and amplified losses. This is where futures spread trading becomes invaluable. By simultaneously taking opposing positions in related futures contracts, traders can significantly reduce their exposure to directional risk.

Keen to learn more? From grasping how to execute spread trades by managing 

 positions effectively to weighing the pros and cons of futures spread trading in the crypto space, this article will guide you through everything you need to know when trading futures spreads on Bybit.

What is futures spread trading in the crypto market?

Futures spread trading involves simultaneously buying and selling related futures contracts to profit from changes in the price difference between them, rather than the absolute price direction of the underlying asset.

This strategy reduces directional risk compared to trading single futures contracts, as it focuses on the relative price movement between two contracts, commonly seen in calendar spreads (different expiration dates for the same asset) or intercommodity spreads (for two or more related assets).

In relation to cryptocurrency, futures spread trading applies the fundamental concept of profiting from the differential movement of related contracts, but it's shaped by several factors which are largely unique to digital assets. These include the following:

In essence, all of these factors contribute to the need for a nuanced and adaptable approach in order to successfully navigate such a complex trading strategy within the digital asset space. 

If you’ve read our guide to futures spread trades, you’re probably wondering how to go about executing them. Let’s consider how crypto traders can begin executing these spread trades.

In addition to doing the necessary research before trying out futures spread trading in the crypto space, the following issues are important to consider before diving in:

Keen on getting more out of each futures spread trade as a crypto trader? Beyond basic spread strategies, advanced techniques can significantly enhance your profitability and risk management. Following are some bonus tips to help you along and improve your odds of success over time.

Adjust dynamically and capitalize on volatility shifts

Given that the crypto market is notorious for its volatility, futures contracts can certainly be affected by changes in market conditions. Dynamic adjustments involve continuously monitoring and adapting your spread positions based on shifts in liquidity and market sentiment. As such, we can typically use tools like volatility metrics to anticipate and react to changes.

Calendar spreads are particularly effective in crypto markets because they can help you capitalize on time decay and volatility differences between contracts with different expiration dates. By buying and selling futures contracts with the same underlying asset but different expiration dates, you can profit from price differences without being exposed to the overall market direction.

Consider using automated trading platforms or bots to execute trades quickly and consistently, especially in fast-moving crypto markets. This can be particularly beneficial for spread trading, in which precise timing and efficient execution are crucial. However, automation requires careful consideration, including the following: 

 to offset potential losses in futures positions can further enhance directional risk management. However, successfully applying these advanced techniques requires a nuanced understanding of their intricacies and potential pitfalls. While delta hedging aims for neutrality, it can be challenging to achieve a perfect delta-neutral position (especially in volatile markets). Continually monitor and adjust as necessary, as transaction costs associated with frequent hedging can erode overall trading gains.

By mastering these advanced techniques, crypto traders can significantly improve their spread trading performance and navigate the volatile crypto futures market with greater confidence.

Bybit provides a robust platform for trading futures. Although it may not have a dedicated "spread trading" interface, you can still execute spread trades effectively by managing your long and short positions within its system. Following is a refined guide for planning and executing a long call calendar spread for Bitcoin.

With Bybit at your fingertips, you're poised to master the intricate art of futures spread trading. Armed with real-time market insights, cutting-edge trading tools and an intuitive interface that lets you execute spread trades with laser-sharp precision, you’ll certainly be equipped to take on the volatile world of crypto futures spread trading. 

Whether you're drawn to calendar spreads, cross-asset spreads or basis spreads, Bybit provides the perfect canvas to capitalize on market inefficiencies while shielding you from the wild swings of overall market volatility. In addition, with its unwavering commitment to security and transparency, Bybit gives you the confidence to focus on refining your spread trading strategies and seizing opportunities in the fast-paced crypto futures landscape.

Intermediate

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Crypto futures spread trades walkthrough: How to profit from gaps

Bitcoin surged to an all-time high of $112,000, but volatility triggered by geopolitical events quickly followed this milestone. 

On May 22, 2025, Bitcoin surged to an all-time high of $112,000, but volatility triggered by geopolitical events quickly followed this milestone. The announcement by US President Trump of a 50% tariff on goods from the European Union caused immediate panic among traders, reminiscent of past trade tensions. However, a swift market recovery occurred when the White House delayed the tariff's implementation until Jul 9, 2025, reviving bullish sentiment. 

Let’s look at some market sentiment data.

Crowd sentiment data reveals that trader emotions play a crucial role in market behavior. When Bitcoin reached its peak on May 22, positive sentiment surged, only to be followed by a rapid correction as traders faced unexpected market shifts. This highlights a pattern whereby prices often move contrary to retail expectations, suggesting that emotional responses can act as counterindicators.

Long-term indicators are more optimistic. Since the start of 2025, Bitcoin supply on exchanges has decreased by 147,160 BTC, indicating that many traders are moving assets into long-term storage, reflecting confidence in future price increases. The Mean Dollar Invested Age (MDIA) has also declined, suggesting that older coins are being reintroduced into circulation, a trend often associated with bullish momentum.

 activity has intensified, with spikes in transactions over $100,000 during Bitcoin's price peak. This behavior indicates profit-taking by institutional investors, which can lead to price corrections if not managed carefully. High whale activity at market tops often signals distribution, cautioning retail traders about potential market shifts.

Looking forward, the approaching July 9 tariff deadline will be a critical factor influencing Bitcoin's price trajectory. The market's reaction to this event, combined with ongoing geopolitical tensions, will likely determine whether current sideways movement evolves into a deeper correction or sets the stage for another rally. Stakeholders should integrate macroeconomic news with on-chain data analysis, including metrics like 

 and whale activity, in order to navigate this complex environment effectively.

Advanced

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Bybit x Santiment Social Sentiment Report: Bitcoin’s all-time high leads to loftier expectations

Discover Bybit’s flexible crypto loan options—borrow against your assets to trade, stake, or earn rewards without selling your crypto.

Borrowing funds for your crypto trading can be an excellent capital efficiency measure. In many cases, it pays to borrow the cryptocurrency of your choice against collateral instead of buying it outright. Crypto loans can also help you access unique yield-generation opportunities, such as leveraged staking. Savvy traders and investors in crypto have long known that borrowing is one of the key avenues for improving the efficiency, flexibility and profitability of your operations. 

Bybit offers you several ways to borrow cryptocurrency. These include flexible rate and fixed-rate overcollateralized crypto loans, Unified Trading Account (UTA) auto-borrowing, the Margin Staked SOL product and Launchpool Borrow & Stake. These options allow you to access crypto funds in highly efficient and flexible ways to support your trades, earn 

 rewards or receive early-stage tokens for free. 

In this article, we’ll look in detail at these four ways of borrowing funds with Bybit, and discuss their key features, use cases and benefits. 

1. Crypto Loans — Liquidity without selling

Bybit offers its users overcollateralized crypto loans, with both flexible and fixed-rate interest. Flexible crypto loans feature variable interest, updated hourly based on prevailing market conditions. Fixed-rate loans offer preset interest for borrowing tenures of 7, 14, 30, 60, 90 or 180 days, depending upon your preference. 

Flexible rate loans are supplied directly by the Bybit platform, while fixed-rate loans are procured through Bybit’s 

 (P2P) lending service. Crypto lenders post their offers on Bybit P2P and specify their preferred conditions, such as the loan duration and interest rate. Borrowers may choose from the existing offers, or create a separate loan order with the interest rate and other conditions they’d like to access. The system then evaluates orders from lenders and borrowers in order to find the optimal match and connect the two parties.

Since early May 2025, the two loan varieties have been integrated into a single user interface under a unified product umbrella called Crypto Loans. You can now use the same shared collateral to secure both flexible and fixed-rate loans. Your collateral can also be used across different markets and products on the platform, such as the Spot and Derivatives markets and Bybit staking products.

 (LTV) thresholds applicable for margin limits, margin calls and liquidation — 80%, 85% and 92%, respectively. 

Bybit offers a wide variety of crypto assets for borrowing and collateral, including 

 and the leading high-cap cryptocurrencies, such as 

Interest rates for all Crypto Loans are compounded hourly. Fixed loans have a set rate in a range specified by the supplier and/or borrower, and flexible-rate loans are subject to a floating rate based on market conditions.

Flexible Crypto Loans are particularly useful for traders who wish to borrow with maximum flexibility and efficiency, repaying the amount when they find it most suitable based on their trading activity. For example, if you borrow funds for just 15 hours to facilitate some short-term trades, you’ll only pay interest for those 15 hours and not a single hour more. 

On the other hand, Fixed-Rate Crypto Loans suit borrowers who would like to operate in complete certainty, regardless of market developments, by locking in a preset interest rate.

2. UTA auto-loans — active capital with full control

Borrowing funds is automatically enabled in certain scenarios under your Bybit 

 (UTA). Automatic borrowing in the UTA is triggered when the following situations arise:

UTA loans aren’t available for manual borrowing; they’re only automatically triggered under the above scenarios. However, repayments are possible both in manual and auto modes. Interest rates for these loans are updated on an hourly basis. 

One key benefit of UTA loans is their applicability to spot margin trading on Bybit. With spot margin trading, you can use assets in your spot account as collateral for 

 with leverage ratios of up to 10x. Supported collateral assets include over 200 cryptocurrencies, including all high-cap coins. 

UTA loans are ideal for leverage trading aficionados, and for active traders who place frequent orders and might find themselves short on funds during a particular trade. The auto-borrowing function of these loans ensures that your orders go through, even if there’s a shortfall of funds or specific assets in your wallet. 

3. Margin Staked SOL — yield boost through leverage

 allows you to use leverage to boost your Solana liquid staking yields. To use this product, you’ll need to commit your SOL funds to Solana staking, which Bybit will manage through the use of the 

. Sanctum is a leading provider of infrastructure and services for Solana staking. 

You can borrow additional funds to stake with up to 4x leverage available. Upon staking, you’ll be issued the 

 (LST) that accrues your staking rewards. 

The interest that you pay on the borrowed funds is updated hourly. All interest repayments are handled automatically, either when the user decides to stop staking or their losses reach 90% of their staked principal. You can redeem your SOL funds at any time.

4. Borrow & Stake on Launchpool — multiply your rewards with minimal funds

option through its Launchpool. By staking your crypto funds and borrowing up to 3x of your principal, you can earn rewards through free tokens of projects offered via the Launchpool. Reward tokens for potential future market stars are usually issued for free by early-stage web3 projects.

is extremely user-friendly, and it takes just a single click to borrow and stake. As with the other three methods of borrowing, the interest rate on your borrowed funds is subject to hourly updates.

Choosing the right tool for your strategy

The four Bybit loan options above each have unique benefits and use cases. Deciding which option best suits you will depend upon your trading strategy, goals, available capital, familiarity with spot margin trading, experience level and openness to leverage. 

The below table summarizes the four loan products by user profile, primary use case and capital efficiency model. 

Bybit’s Crypto Loan products are ideal — not just for borrowing, but also for utilizing your existing idle funds for margin trading and staking to amplify yields. Each product type applies to different potential scenarios:

With the above loan options, crypto borrowing is no longer just about meeting fund shortfalls: now it’s a valid strategy to get the most out of your crypto trading.

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Bybit Loan: Flexible paths to capital efficiency

Blockchain

Altcoins

API3 aims to solve the blockchain oracle problem by using decentralized APIs (dAPIs) for DApps via Airnode, a decentralized network of first-party oracles.

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An API (application programming interface) is an essential tool for communication between different software applications. It serves diverse purposes, including automating tasks, managing web content, receiving data from external sources and much more. 

 need APIs to help source data from the real world, but 

 (DApps), don’t have direct access to APIs, as they only operate using on-chain data.

This data disconnect has prompted the creation of bridges known as 

 that connect smart contracts with APIs to acquire external data. However, many existing oracles are centralized, which makes them vulnerable to compromise. This can affect smart contracts on blockchains as well. The challenge of ensuring the reliability and security of oracles is popularly referred to as the oracle problem.

API3 solves the oracle problem by introducing Airnode, a web3 API gateway that directly connects Web APIs to decentralized applications, thus creating decentralized APIs (dAPIs). To see what this means for the future of 

 is a collaborative project launched in December 2020 to create decentralized APIs (dAPIs) for DApps via Airnode, a decentralized network of first-party oracles

Simply put, dAPIs deliver traditional API services through a design that directly interacts with and provides off-chain data, such as price feeds. APIs are an established standard in the development of centralized software and applications.

API3’s mission is to usher in an era of dAPIs as the standard for decentralized applications via its Airnode technology.

API3 views the oracle problem as a misinterpretation of the real problem, which has resulted in the development of ill-suited oracles today. Third-party oracles such as 

 pose several problems. First, they may not be transparent about their data sources, meaning that the data they provide may be inconsistent or unreliable. Additionally, they’re expensive for data consumers and prone to exploits and high 

According to API3, if API providers have the data and services that blockchains require but the only problem is obtaining it, then it’s actually an API connectivity problem. This redefinition allows API3 to usher in the third generation of blockchain applications by bringing APIs 

The project is fully decentralized and secured, and is governed by the API3 DAO and powered by API3 token. API3 is also a multilayered, cross-chain serverless protocol. It’s currently connected to over 120 data feeds and deployed across 11 blockchains, including 

Decentralized APIs (dAPIs) are API services governed by the API3 DAO. Designed to be compatible with smart contracts, they relay data feeds to DApps, whose owners can then pay in a crypto token of their choosing for the API service in a transparent transactional process through the API3 Market. API providers run their own oracles through an automated first-party oracle node called the Airnode, allowing them to earn revenue directly from the API3 DAO.

Since DApps source data from primary Web API providers, the risk of data tampering and the need for rent-seeking middlemen are eliminated. These are issues that currently affect third-party oracle projects such as Chainlink.

API3 also covers DApps against any losses that could occur in case of dAPI malfunctions. This insurance policy makes the dAPI a secure and attractive solution to DApp developers.

Furthermore, API3’s data feeds are OEV extraction–enabled. 

 (OEV)–based updates allow for precise, on-demand data feed updates, resulting in cost-effective and accurate data feeds. Additionally, this feature enables API3 to take OEV and return it to the DApps, providing them with a valuable source of income.

First-party oracles are a core feature of the API3 project, whose dAPIs use first-party oracle nodes operated by Web API data providers.

With first-party oracles, the API providers sign their responses on-chain, providing the best proof that the data hasn’t been tampered with. Some of the characteristics of first-party oracle data feeds include:

Airnode is a serverless first-party oracle node specifically crafted for API providers to run their own oracles. API3 intends to optimize the process of enabling API providers to avail dAPIs to DApps via Airnode by making it fully automated, with no need for maintenance. No knowledge of blockchain is needed to run Airnode, thereby lowering the barriers to entry for API providers more familiar with the established Web 2.0 environment.

API providers can initially use Airnode at no cost, with charges incurred only after they start generating revenue from their services. Additionally, providers can choose to accept payment in cryptocurrency or fiat, demonstrating the platform's flexibility and potentially attracting more traditional API providers to offer their services.

 is a decentralized network of third-party oracles that combine data off-chain to reduce on-chain transaction costs. Only the final single-value data feed is published on-chain for smart contracts. This model is viable when data needs to be aggregated to capture things like commodity prices or weather reports.

However, as a third-party oracle network, Chainlink acts as the middleman between blockchains and APIs, in opposition to the fundamental ethos of blockchain technology. A middleman incurs higher costs and also makes a blockchain more vulnerable to attacks. In contrast, first-party oracle networks like API3 help reduce costs, redundancy and security risks.

Chainlink and other third-party oracles practice data source obfuscation, which discourages accountability from data providers and keeps them off-chain. With API3, there’s transparency regarding the origin of the data source. The project also enables and incentivizes data providers to bring their businesses on-chain, increasing the trust between web3 applications and API providers.

With API3’s model, API providers stand to benefit because API3 positions them as the project’s engine. They’re incentivized with a data marketplace, direct compensation and an automated system. This allows them to fully reap the benefits of delivering a much-needed service to blockchain applications. As a result, API3 is poised to establish itself as a robust, secure and cost-efficient solution for DApps.

API3’s native token (also known as API3) enables the project to create, manage and monetize its dAPIs at scale. The project’s platform is governed by a 

 (DAO) that oversees the collaborative effort of token holders to secure, govern and benefit from its value capture mechanisms via the API3 token.

Holders of the API3 token gain the right to participate in API3 DAO governance through 

. API3 has implemented an insurance pool in which holders stake their API3 tokens to acquire governing rights in the DAO and receive weekly inflationary staking rewards. The API3 token has three main utilities:

As of Sep 15, 2023, the API3 token price is $1.04, which is 22.99% higher than its all-time-low of $0.85 on Aug 5, 2023, and 89.84% lower than its all-time-high of $10.30 on Apr 7, 2021.

Despite a declining trend over the past year, price prediction experts remain bullish on API3. PricePrediction 

 of API3 reaching $2.86 in 2025, followed by a mega upswing to a maximum of $18.42 by 2030. Meanwhile, DigitalCoinPrice 

 and estimates API3 will hit a maximum price of $3.91 in 2025, followed by a slower gain that could potentially reach $11.30 in 2030.

Note that optimistic forecasts don’t guarantee identical outcomes for the future. Remember to 

, including when it comes to cryptocurrencies.

API3 is going on its third year with the promise of unlocking the next level of value in the web3 economy. However, Chainlink still holds the number one spot as a multibillion-dollar oracle project, with the majority of the 

Regardless, API3’s market data shows interest from users. With a market cap of over $100 million, a substantial trading volume and over 75% of its total supply already in circulation, the future looks promising for API3.

Furthermore, API3 OEV extraction is a valuable design feature that delivers a crucial security feature to DApp developers. This attribute is absent from most peer-to-peer oracle networks, including Chainlink.

, with the Bybit exchange, which has a user-friendly and intuitive interface for secure and fast trading.

API3 presents a solution that rethinks the oracle problem and seeks to change the way DApps access real-world data feeds. If Web APIs can be designed into a smart contract–compatible format, thus directly connecting API providers and DApps, third-party oracle networks like Chainlink could cease to be the industry standard for oracle solutions.

API3 introduces the first-party oracle concept, which involves creating, managing and monetizing decentralized APIs (dAPIs) at scale for the benefit of the web3 economy. Thus, APIs can be available for DApps as on-chain data feeds securely in real time and on demand.

By cutting off third-party middlemen and adding another channel of monetization, dAPIs could indeed hold the key to expediting the realization of an expansive web3 ecosystem through blockchain technology.

What Is API3: Decentralizing APIs To Democratize Real-World Data

Compete for 2,500 USDT USDT Every Week

What Is API3: Decentralizing APIs To Democratize Real-World Data

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards