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

Trading

The megaphone pattern is a technical trading chart formation characterized by its distinctive diverging trendlines. Learn more about how it works here.

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, everyone’s shouting from the rooftops about the next big trade to take in the ever-changing world of crypto. One such trading pattern that traders typically promote in the midst of volatility is the megaphone pattern. With its signature diverging trendlines, it’s a sign of sheer volatility and indecision for a particular asset, as traders with 

Curious as to what this entails in the grand scheme? Our guide to trading the megaphone pattern will teach you everything you need to know about what it, the various mechanics involved and the pros and cons of trading this pattern that’s come to be associated with volatility.

The megaphone pattern is a technical trading chart formation that’s characterized primarily by its distinctive diverging trendlines. 

Also known as a broadening top (or broadening formation) among experienced traders, the megaphone pattern can seem daunting to newer traders. By highlighting the way an asset is trading at higher highs and lower lows, the increasingly wide price swings effectively create a visual shape resembling an expanding megaphone. 

Unlike other trading patterns that instantly give chart analyzers an immediate gauge of directionality, megaphone patterns reflect increased market volatility and indecision as buyers and sellers battle for dominance before a breakout of the trendline causes a significant price move.

The megaphone pattern emerges as wild price fluctuations occur and widen over time, signifying growing uncertainty among traders. It can typically manifest in both bullish and bearish scenarios.

A bullish megaphone typically begins with an initial upward move setting the first peak. Prices then retrace downward, but remain above previous lows. Subsequent bullish rallies then create higher highs, while bearish pullbacks form lower lows. This creates the expanding 

 that the pattern is known for. Eventually, bulls regain control with a decisive move above the upper trendline as a breakout beyond current resistance levels. This confirms bullish momentum, and signals potential upward continuation.

On the opposing side, a bearish megaphone pattern starts with a downward move establishing an initial low. Prices then bounce upward, but fail to sustain momentum above previous highs. Successive swings create lower lows and higher highs until bears finally push prices below support levels, and prices sink beneath the lower trendline, confirming bearish conditions and potentially leading to further downward moves.

Megaphone patterns typically form either during periods of heightened market uncertainty or after significant price trends. For volatile assets such as cryptocurrency, these chart patterns frequently appear during critical market junctures that impact high-beta assets and emerge when driven by the following factors.

Now that you’re familiar with the “ins and outs” of megaphone patterns, let’s consider the benefits and risks of relying on them when planning and executing trades.

Benefits of trading the megaphone pattern

Enhanced awareness of crypto market volatility

Identifying a megaphone pattern can provide traders with a crucial early warning system for impending periods of increased market volatility. This heightened awareness supports proactive 

By recognizing the expanding price ranges, traders can anticipate sudden and significant price movements, enabling them to adjust their existing allocations, tighten 

 orders or even temporarily reduce exposure to the market. This proactive approach helps mitigate potential losses and preserve capital during periods of heightened uncertainty. Furthermore, this advanced recognition helps the trader to prepare for possible high-profit trades, instead of being surprised by the volatility.

Defined trading boundaries for strategic positioning

The diverging trendlines that form the megaphone pattern create clear and distinct support and resistance levels. These well-defined boundaries offer traders a strategic advantage, enabling them to pinpoint precise entry and exit points. Traders can utilize these levels to strategically position themselves for potential bullish breakouts or bearish reversals. By aligning trades with these key levels, traders can enhance their risk-to-reward ratios, maximizing potential profits while minimizing potential losses. 

This clarity allows for more disciplined trading decisions, reducing the impact of emotional biases while trading volatility.

The inherent volatility of megaphone patterns can certainly create opportunities for substantial gains. Wide price swings within the pattern can lead traders to to significant gains if their trades are executed with precision and timing. In highly volatile markets like crypto, these amplified price movements can translate into outsized returns. 

However, this potential for high rewards is accompanied by increased risk. Opportunistic traders can thus leverage these opportunities by employing sound risk-management strategies, such as setting appropriate stop-loss orders and managing position sizes. Potential high rewards can then be realized by correctly timing the market and maintaining the discipline needed to exit the trade.

A prominent risk associated with megaphone patterns is the occurrence of false breakouts. These misleading signals occur when prices briefly breach the trendlines, creating the illusion of a 

 only to reverse direction shortly afterward. These false breakouts can lure traders into premature trades, resulting in significant losses if not managed carefully. 

The lack of substantial volume confirmation during this type of breakout further exacerbates the risk. Therefore, traders must exercise caution and seek additional confirmation signals such as volume analysis or other 

, in order to avoid falling victim to these false signals.

Whipsaws and difficulty in risk management

The erratic and wide-ranging price swings characteristic of megaphone patterns often lead to “whipsaws,” whereby rapid and unpredictable price reversals can trigger stop-loss orders and generate unexpected losses. The volatile nature of these patterns makes it challenging to establish reliable stop-loss (SL) and 

Moreover, the expanding volatility ranges within the pattern require traders to adopt a more flexible approach to risk management, potentially widening their stop-loss orders to accommodate the increased price fluctuations. Conversely, this increased range also increases the potential loss per trade — so risk management is of key importance.

 and other chart patterns, the megaphone pattern can be subjective in its overall identification. This inherent subjectivity stems from varying trendline interpretations, differing time frame analyses, market-specific nuances and psychological biases. Such a combination of subjective factors makes its identification and analysis a complex and potentially contentious process. 

The lack of a universal definition — combined with the difficulty of distinguishing signal from noise during periods of high volatility — poses a significant challenge for those unfamiliar with trading megaphone patterns. As such, inexperienced traders need to 

 prior to trading the megaphone pattern, in order to minimize the risk of misinterpretation and subsequent financial losses.

Traders typically employ several practical strategies when approaching the megaphone pattern in the crypto space. The following are some suggestions when it comes to trading it.

Always implement disciplined risk management practices by setting strategic SL and TP orders based on measured moves within clearly defined boundaries.

Tools and indicators to complement the megaphone pattern

You may have noticed that we’ve suggested making use of MACD and RSI indicators to confirm the price action of any potential breakout. These handy technical tools in your arsenal may help enhance entry and exit accuracy when trading megaphone patterns.

All in all, incorporating these indicators is bound to significantly improve your decision-making accuracy by validating potential trade signals and ensuring you make the most informed trading decision.

Is the megaphone pattern an effective gauge?

Overall, the megaphone pattern serves as an effective tool for beginners and experienced traders alike — provided that the volatile trading pattern is approached cautiously with disciplined risk management practices. While it does offer clear signals regarding market volatility and potential breakouts, trading it can be another story, since its effectiveness heavily depends upon accurate recognition, combined with strategic positioning using complementary indicators.

Compared to other popular chart formations such as channels, the megaphone pattern uniquely highlights expanding volatility, rather than narrowing ranges or sideways movements. Thus, traders seeking opportunities amidst heightened uncertainty may find analyzing megaphones particularly beneficial.

The megaphone pattern offers powerful insights into crypto market volatility through its distinctive widening structure that signals intense trader indecision around critical junctures. By clearly understanding its mechanics, taking into account bullish and bearish megaphone variations and complementing analysis with robust indicators (such as volume analysis or momentum oscillators), crypto traders may increase their odds of confidently navigating volatile markets safely. 

On top of doing research about the megaphone pattern, crypto traders should exercise caution by using strict risk management practices such as precise SL/TP placements to protect their trading capital.

Mastering how to decode volatility signals through careful analysis of intriguing megaphone patterns not only equips you with enhanced technical skills, but also fosters prudent decision-making — which is essential for long-term success in cryptocurrency trading. For more on trading similar volatile chart patterns, please check out more of our 

Megaphone pattern: Decoding volatility signals in crypto markets

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Megaphone pattern: Decoding volatility signals in crypto markets

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Compete for 2,500 USDT USDT Every Week

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