In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on the AI revolution in crypto.

The integration of artificial intelligence (AI) and blockchain technology is revolutionizing the crypto market. AI is transforming everything from simple automated tasks to complex decision-making systems that now drive financial technologies. This seminal shift is reshaping the way traders interact with markets, enhancing liquidity and opening new opportunities for investor involvement.

, we uncover the implications of the AI revolution in crypto.

 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

Joining the livestream on Jun 24, 2024 were two distinguished guests: 

, and Dirk Pennings, web3 enthusiast. Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores the profound impact that 

 is expected to have on the crypto market, from enhancing liquidity to opening new opportunities for investor involvement.

V kicked off the discussion by highlighting the significant advancements in 

 space, sharing that "One cool combo of AI and blockchain tech is the ability to look at where AI sources its data. Doing so can help us better understand how these AI models retrieve and interpret data." V emphasized the emergence of data DAOs, stating, "AI is basically relying on public data, and once we exhaust all that data, we’ll need to turn to private data. A really cool possibility is how we will become owners of our own data, like private health records, and train AI to organize this data for better insights." He also noted the educational potential of AI, adding, "AI can also help people become coders. For example, I'm studying Python 3.0, and AI assistance is invaluable despite still making mistakes."

Pennings shared his perspective on the foundational aspects of AI in blockchain. He explained, "I'm using AI mostly for my assistance in trading. At Bybit, we have a product named 

 in the chart. The AI keeps learning and improving, and it's quite accurate." Pennings also discussed his personal experience with on-chain trading: "I 

 with an AI tool, which saves addresses and combines all transactions. Following the money is crucial in crypto, and AI automates this process."

The panelists dove into the ways AI is reshaping trading strategies. V highlighted some of the innovative uses of AI in trading: "I've had success with 

, but the first AI bot I tried over-traded instead of just holding the asset." He also expressed skepticism about influencer marketing, noting, "Whenever I see influencers claiming they’ve made significant profits using certain tools, I remain skeptical. The marketing often says more about the tool than its actual effectiveness." He urges users to exercise caution when looking at AI projects that market themselves extensively with buzz words.

Pennings added insights on AI's impact on trading: "AI tools are very helpful for on-chain trading, which can be difficult due to the complexity of data. These tools can flag smart wallets, making it easier to track profitable transactions." He cautions that "We are still in the experimental phase of AI trading. AI tools can over-trade, but they’re useful for 

V shared his thoughts on Bybit's AI tools, such as 

: "Aurora AI shows promise with its real-time P&L dashboard and ease of use." He appreciates the real-time P&L feature, stating, "I love that the P&L is in real time and the dashboard is easy to understand. If I can set this up for numerous tokens and manage them easily, it could be a real time-saver."

Pennings discussed the broader implications of AI tools at Bybit: "AI tools like TradeGPT can help novice traders by providing enriched data analysis and automated decision-making capabilities. This helps bridge the gap between novice and seasoned traders by making trading more accessible." He emphasizes the importance of developing a skill set, rather than relying solely on AI, noting that "AI can complement trading strategies, but traders need to understand the market and develop their own strategies."

V wrapped up the session by emphasizing the potential of AI in crypto trading: "AI as a tool is invaluable, and will become even more so as it evolves. However, it's not a replacement for human traders but a complement to their strategies." He suggested that specialized AI models trained with private data could become more effective in niche markets. Pennings echoed this sentiment, mentioning the need for AI tools to filter noise from real information and make actionable suggestions based on accurate data.

 livestream effectively highlighted the transformative impact of AI on the crypto market, providing attendees with deep insights into its innovative applications, AI-powered trading strategies and the advancements at Bybit that are enhancing user experiences. As the crypto landscape continues to evolve, these discussions are invaluable for anyone looking to understand and participate in this rapidly changing field. 

The integration of AI and blockchain technology promises to drive further innovation, making the market more accessible and efficient for both novice and seasoned traders alike.

As part of the livestream, Bybit is holding 

 that offers you a chance to participate in our pop quiz and earn a share of the 30,000 

 prize pool. The event period is through Jul 2, 2024, 12PM UTC.

Stay tuned for more discussions on the dynamic world of cryptocurrencies!

Intermediate

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Learn Live ICYMI: AI Revolution in Crypto

In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on the impact of the ETH Spot ETF approval.

As the financial landscape continues to evolve, the integration of traditional finance and innovative digital assets is deepening. A significant milestone in this fusion was the recent 

. These funds represent a major leap in making cryptocurrency accessible through conventional investment channels, mirroring the structure of well-established asset classes. 

 allow investors to buy shares that track the 

 directly on traditional stock exchanges, offering a simpler and regulated way to invest in crypto without handling the actual digital assets.

This development is particularly noteworthy following the 

 of pending regulatory concerns, which has bolstered Ethereum's legitimacy — and could pave the way for increased institutional investment and broader market participation. 

, we uncover the implications of this groundbreaking approval. 

 livestreams, providing you with comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

Joining the livestream on Jun 20, 2024 were two distinguished guests: 

, and Luc van Hecke, Derivatives Lead Product Manager at Bybit. Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores the profound impact that Ethereum Spot 

 are expected to have on the crypto market, from enhancing liquidity to opening new opportunities for investor involvement.

Thielen kick-started the segment by discussing the importance of this new investment vehicle, which allows traditional investors to buy Ethereum through a regulated exchange. 

"It broadens out the investor universe … as long as it's traded on a regulated exchange … everybody can buy it," Thielen explained, highlighting the accessibility and potential for diversifying investment portfolios. “An Ethereum Spot ETF is a big deal because the average investor who has a broker trading account can suddenly also add Ethereum ETFs to their mix. Studies have shown that 

 or Ethereum help the asset allocation mix. Instead of having gold, people can buy Bitcoin; instead of the Nasdaq-100, you can buy Ethereum. This helps broaden the investor universe.”

Following the Ethereum Spot ETF approvals, there was noticeable optimism in the market. Thielen pointed out the pre-approval activities: "People were thinking, ‘Oh, something is happening here.…’ And then of course, four days later [on May 23, 2024], these 19b-4 filings were approved,” not only boosting Ether's price but also increasing market depth and liquidity as investors anticipated new opportunities.

When asked to comment on the difference between investing in an ETF and buying the crypto directly, Thielen said, “One of the main differences between purchasing shares in an Ethereum Spot ETF and directly buying Ethereum is that when you buy directly on an exchange, some people leave it on the exchange, and some bring it to their own wallet. With an ETF, it's all taken care of in a regulated, custodian-friendly environment."

The conversation then shifted to whether the approval of Ethereum Spot ETFs could make way for similar financial products for other cryptocurrencies. "The possibility of a Solana Spot ETF is probably a long shot. Solana can go up and down a lot, but from a trading volume perspective, it's not that large. However, the approval of Ethereum ETFs sets a precedent that could eventually benefit other cryptocurrencies."

In the next segment, the panel discussed changes in market dynamics. Thielen stated, "We've observed that open interest for Bitcoin futures increased from around $8 billion to $12–13 billion, nearly a 50% increase in positioning. This surge indicates that investors are front-running the potential impact of Ethereum ETF approval. There's also been an increase in trading volumes, and bullish sentiment around Ethereum as investors anticipate the ETF launch."

"The approval of Ethereum Spot ETFs is expected to bring significant inflows into the market. If we assume that Bitcoin ETFs have seen around $15 billion in inflows, Ethereum could potentially attract around $3 billion, given its market cap relative to Bitcoin." He furthermore highlighted the potential conversion of Grayscale's Ethereum Trust (ETN), valued at over $10 billion, into an ETF, which could drive significant inflows and support Ethereum's price and market stability. Thielen also advised investors to consider the broader market narrative and positioning, especially with upcoming events like the U.S. elections, which could create a favorable environment for strategic investments.

Thielen also emphasized how the influx of investors might shape market conditions. He noted that the narrative presented by ETF issuers, such as BlackRock's 

, significantly influences investor perception. However, Thielen highlighted the common misconception that retail investors are the primary buyers of these ETFs. In reality, a substantial portion of activity can be attributed to 

 hedge funds, which engage in sophisticated strategies to capitalize on discrepancies between prices in ETFs and the futures market.

According to Thielen, Ethereum could attract more interest from these funds due to its relatively higher funding rates compared to Bitcoin. "The funding rate of Ethereum tends to be actually higher than [that of] Bitcoin," he stated, explaining that this might lead to larger inflows into Ethereum ETFs as hedge funds seek more lucrative opportunities. Thielen speculates that Ethereum Spot ETFs might experience disproportionately higher inflows relative to their market caps, potentially leading to surprising shifts in market dynamics. This influx of sophisticated investment strategies underscores the evolving complexity and growing appeal of Ethereum as an investment vehicle in the wake of its Spot ETF approvals.

Strategic Implications for Traders and Investors

Discussing strategic implications for traders, Thielen commented, "For investors considering adding an Ethereum Spot ETF to their portfolio, it's essential to look at the correlation with their existing investments. Ethereum offers a different value proposition compared to Bitcoin, which is often referred to as digital gold." 

Thielen noted that although Ethereum has performed well, it hasn’t outperformed Bitcoin significantly over the past 18 to 24 months, suggesting that investors need to be mindful of the narratives driving the market.

Thielen also pointed out that market structure and positioning are crucial. He raised concerns about whether the market might be overextended, especially in futures, where there’s been a significant increase in open interest relative to the actual price movement of Ethereum. This mismatch could pose risks if not adjusted by actual inflows following the ETFs’ approvals. Understanding these dynamics — events, risk, market positioning and the underlying narratives — is essential for investors considering Ethereum Spot ETFs as part of their portfolios.

Hecke joined the discussion later, providing his insights on strategic implications for traders and investors. "Short-term traders should consider positioning themselves for volatility around significant events like the approval of the Ethereum Spot ETF. Strategies involving options or structured products can be effective in capturing gains from expected market movements."

Thielen then expanded on the discussion, pointing out the current low volatility, which is unusual for such significant market events. He noted that the actual 30-day realized volatility for cryptocurrencies like Bitcoin and Ether is much lower than the historical average, suggesting a prime opportunity for speculative strategies. He emphasized the importance of being prepared for sudden market movements, which could be triggered by ETF listings or external economic factors, such as interest rate changes by the Federal Reserve.

When asked about the evolution of crypto ETFs and their impact on the regulatory landscape, Hecke highlighted the significant role that regulatory bodies like the SEC play in monitoring these financial products. He stressed the importance of these entities in overseeing ETFs, both before and after their listings, in order to prevent market manipulation and ensure compliance with financial regulations. This scrutiny is vital, not only to maintain the integrity of financial markets but also to protect investors from potential market abuses.

Hecke also pointed out that Spot ETF approvals could lead to increased market volatility, and emphasized the necessity for traders and investors to be well-prepared for these fluctuations. He suggested using advanced trading strategies, such as 

 to manage or benefit from the expected volatility around ETF listings and other high-impact events. These tools can help investors mitigate risks and potentially profit from market movements during periods of uncertainty.

 livestream effectively highlighted the transformative impact of Ethereum Spot ETFs on the market, providing attendees with deep insights into the regulatory, strategic and market dynamics involved. As the crypto landscape continues to evolve, these discussions are invaluable for anyone looking to understand and/or participate in this rapidly changing field.

 that offers you a chance to participate in our pop quiz and earn a share of a 75,000 

 prize pool. The event period is through Jun 27, 2024, 12PM UTC.

Stay tuned for more discussions on the dynamic world of cryptocurrencies — and don't miss our next session on Jun 24, 2024, 8AM UTC, where we dive into the 

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Learn Live ICYMI: How Ethereum Spot ETFs Will Rock the Market

In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on how to trade meme coins. Learn more here.

As the cryptocurrency market experiences a robust 

 have emerged not just as playful investments but as trading opportunities that can yield substantial returns. This burgeoning sector, powered by social media influence and community hype, has prompted many to master the art of trading these volatile yet potentially lucrative assets.

, we uncovered the trading strategies employed by meme coin millionaires, revealing how they leverage 

 and community-driven momentum to capitalize on these unique digital currencies. 

 livestreams, supplying you with comprehensive expertise and insights from leading figures in the crypto industry in case you missed the livestream.

Joining the livestream on Jun 6, 2024 were three distinguished guests: 

), web3 addict; and Dirk Pennings, web3 enthusiast. Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores how the intricacies of meme coin trading could be your gateway to significant gains.

The opening segment of our livestream delved into the strategies essential for trading meme coins, whereby technical analysis meets keen community engagement. Anders highlighted the significance of early detection in identifying promising meme coins. He shared his unique four-step process, which begins with assessing the community's engagement and the coin's visibility. Notably, he shared a distinctive approach that involves using Google Keyword Planner to determine the search volume for a coin, emphasizing, "If there are between 100 and 1,000 searches, I’ll move to the next step and do more in-depth analysis of the coin."

Anders also stressed the necessity of verifying whether a coin is a honeypot in order to avoid scams, reflecting his thorough due diligence process. His strategy is designed to gauge both the initial hype and the sustainable interest in a coin, crucial for long-term investment decisions.

Aldo contributed his expertise in technical analysis, specifically on the importance of understanding 

 levels. He explained, "A lot of these meme coins, some of them go up and then they go all the way to zero. But some of them go down a lot by 70 to 80%, [and] hit off major kinds of support" before potentially rising again. 

 to identify potential support and resistance levels during price fluctuations. Aldo also likened trading meme coins to gambling, due to their unpredictability, and warned of risks such as "

 and other shady stuff," advocating for caution among traders.

Anders and Aldo’s insights provided a comprehensive look at the tactical approaches to trading meme coins, blending rigorous analysis with practical tools and cautionary advice to help you navigate this volatile segment of the cryptocurrency market.

In this hands-on session, panelists demonstrated live how they analyze current meme coins. 

Anders began by explaining his approach to gauging community interest and market dynamics, emphasizing the critical role of community size in predicting price movements: “If it’s a big community, the price will usually go up. But I also track the buying pressure and selling pressure like a hawk.” He noted the importance of maintaining a balance in which "buying pressure needs to be a bit above selling pressure,” which typically leads to an increase in price. 

In addition, Anders introduced viewers to advanced AI-based tools he employs — specifically, 

, which help him analyze these market pressures more effectively.

 coin (PEPE), noting, "For technical analysis, you don’t want to just look at one individual thing.” He showcased ways to identify support and resistance zones and interpret 

 indicators, highlighting conditions that signal overbought or oversold states. Aldo also demonstrated the use of the Fibonacci tool, which he finds particularly useful, "especially when you’re in price discovery mode," for providing practical insights into predicting potential price movements.

The Importance of Networking and Risk Management

Pennings offered a different perspective, focusing on the significance of networking within the crypto community: "Fibonacci levels and RSI are both very good indicators, but in my opinion, there’s one more thing that’s more important — network or connections." He described how well-connected individuals often have early access to promising meme coin projects, which can lead to rapid price increases. He stressed the importance of being proactive in the community to gain valuable insights and opportunities: “A big part of crypto is who you know, and if you know the right people, you can be very early in the meme coin projects.”

On the topic of risk management, Pennings shared personal lessons on the importance of preserving capital: “If I’m up 200%, I always take my initial amount out of the token, and I just let it ride so that I don’t have any risk anymore." He pointed out that successful crypto trading isn't just about making profits, but more importantly, about not losing money. This approach allows him to safeguard his investments, while at the same time potentially reaping the benefits of further market movements.

The session wrapped up with a lively Q&A in which the audience posed incisive questions to the experts, probing deeper into their strategies and decision-making processes. 

 livestream effectively demystified the volatile yet intriguing world of meme coin trading, providing attendees with a wealth of knowledge from seasoned experts. Our panelists — Aldo, Anders and Pennings — shared invaluable insights into both the analytical and social aspects of trading, highlighting the unique blend of technical savvy and community engagement required to succeed in this niche market. The diverse strategies and perspectives that were shared showed that trading meme coins, while risky, can be potentially lucrative if approached with informed strategies and cautious optimism. 

For those interested in deeper dives and more technical discussions, you can check out our 

 that offers you a chance to participate in our pop quiz and earn a share of a 1,000,000 PEPE prize pool. The event period is through Jun 13, 2024, 12PM UTC. In the meantime, stay tuned for more discussions on the dynamic world of cryptocurrencies — and don't miss our next session on Jun 20, 2024, 8AM UTC, when we dive into the 

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Learn Live ICYMI: Unlock Meme Coin Millionaires’ Secrets

In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on Bitcoin Runes. Learn more here.

, we delved into the transformative world of 

, a new development that promises to enrich the 

 ecosystem by enabling the creation of fungible tokens directly on Bitcoin's blockchain. This session arrived at a critical time — shortly after the recent 

, a pivotal event in the cryptocurrency world that has set the stage for significant changes within the Bitcoin network.

Joining the livestream on May 16, 2024 were two distinguished guests: 

, the Marketing Lead from Uncharted.gg, and 

, CEO and founder of Altcoin Buzz. Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores the functionality, impact and future of Bitcoin Runes in the cryptocurrency landscape.

Understanding Bitcoin Runes and Its Challenges

The session kicked off with a comprehensive overview of 

, its inception following the Bitcoin halving and its role in adding a new layer of functionality to the Bitcoin network. Bitcoin Runes aims to offer a more resource-efficient way of token creation, as compared to predecessors like 

, focusing on minimizing the blockchain's load and integrating smoothly with the existing 

V dove deep into the technical essence of Bitcoin Runes: "Bitcoin Runes utilizes the UTXO model as well as the OP_RETURN output to insert arbitrary data into transactions.” This facilitates the creation of tokens without bloating the network, a critical improvement over previous standards like BRC-20, which contributed to unnecessary UTXO proliferation. He also commented on what excites him about Runes — namely, that it’s “one sign of all the innovation that’s happening on Bitcoin at the moment. So it shows what’s coming and what is going to become possible in the near future.”

Addressing potential challenges, such as whether Bitcoin Runes will provide sustainable revenue for miners, Shash shared that miners tend to know what they’re getting into before they spend money buying equipment to run the network. However, “[A]dding more miners and making sure that the network stays decentralized is very important.” He shared that Runes does generate more mining fees on UTXO, and it “allows for the miners to be able to sell Bitcoin if they have to at a lower price,” although they do “congest the network sometimes” as well. He offered the possible solution of scaling to a Layer 2 or a centralized system.

V agreed with this, stating that Bitcoin Runes does provide “significant incentives for miners.” Touching on the high transaction fees, he shared that he was one of the first people to mint Runes, just “five minutes after it launched,” and spent “$3,000 minting 61 runes.” While the “fees were insane,” this incident demonstrated to him that the “demand is there for chain bloat to occur” — and he doesn’t think that demand will go away. 

Market Impact and Current Adoption of Bitcoin Runes

In the next segment of the livestream, the panel addressed the efficiency and broader market implications of Bitcoin Runes, comparing it to other token standards such as BRC-20. 

Shash highlighted the differences between Bitcoin Runes and BRC-20: "Bitcoin Runes launched in April 2024 represent a new fungible token issuance system that uses a ‘one transaction per transfer’ model over the Bitcoin network. They’re working on making it compatible with the 

, which would be a huge advantage. In contrast, BRC-20, launched in March 2023, is a less efficient system, and not compatible with Lightning."

Expanding on the conversation, Shash mentioned other relevant developments: "

 assets by Lightning Labs are also significant as they share many similarities with Bitcoin Runes, but focus on a better indexer system and Lightning integration. This shows a trend toward enhancing the functionality and efficiency of tokens on the Bitcoin blockchain."

Shash then elaborated on the benefits that Bitcoin Runes brings to the Bitcoin blockchain: "Bitcoin remains decentralized and immutable. As an open-source network, if people can build on it and use it for various applications, it will continue to grow. Bitcoin Runes makes the network more interesting and exciting, and the technology is built to survive chaos. We must be observant, understand and stay curious before jumping to conclusions."

Vtook the opportunity to discuss new opportunities emerging from Bitcoin Runes, particularly focusing on how Bitcoin Runes offers “an additional way we can have fun on the chain and experiment with different airdrops or payment systems.” 

He explained the concept of pre-Runes and Runes: "Pre-Runes are essentially Rune miners that were airdropped to 

 holders of certain communities or projects, with counters attached, tallying how many Runes would be airdropped once the Runes protocol launched. For instance, RSIC Metaprotocol was the first pre-Rune miner launched, involving a gamified airdrop that included some level of randomization, which not everyone felt was fair."

Expanding further, he shared details about subsequent initiatives that aimed to improve fairness in distribution: "As a response to RSIC, Leonidas launched Runestones [NFTs], which were basically supposed to be a fairdrop.”

The discussion underscored the transformative potential of Bitcoin Runes, not just for the mining community but also for end users, by providing new ways to interact with the Bitcoin ecosystem and enhancing the network's commercial and social utility.

 livestream has not only illuminated the technical and economic aspects of Bitcoin Runes, but has also sparked conversations about the future trajectory of Bitcoin in the evolving digital asset landscape. For those interested in deeper dives and more technical discussions, you can also check out 

 that offers you a chance to participate in our pop quiz and earn a share of a 100,000 BOME prize pool. The event period is through May 23, 2024, 12PM UTC.

Stay tuned for more discussions on the dynamic world of cryptocurrencies — and don't miss our next session on Jun 6, 2024, 8AM UTC, where we delve into trading meme coins!

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Learn Live ICYMI: Decrypting the Next Era of Bitcoin With Bitcoin Runes

In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on the current meme coin wave. Learn more here.

 have surged in both variety and popularity, partly due to their community-driven nature and the broader public's growing familiarity with digital currencies. This lively segment of the cryptocurrency market is thriving, with several notable coins capturing the attention of investors and enthusiasts alike.

livestreams, providing you with comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

, which took place on May 2, 2024, we gathered Web3 Evangelist Dirk Pennings along with Ivan Lee, Senior Product Comms Specialist at Bybit, to dissect the burgeoning meme coin market with Sabrina Chua, Crypto Evangelist and SEO Editor from Bybit, moderating the discussion.

 in 2013, introduced as a playful alternative to more traditional cryptocurrencies. This sector gained significant momentum due to high-profile endorsements and a strong sense of community among its participants. Dogecoin, for instance, has seen sustained interest and is often dubbed the “king of meme coins” for its substantial market cap and iconic status within the crypto community​​.

discussion, the panel explored the unique appeal of meme coins by highlighting these cryptocurrencies’ community-driven nature and the significant potential for returns when balanced against their inherent risks.

“I think it’s very popular because it’s community-driven,” said Pennings, noting the democratic aspect of meme coins. Without any venture capitalists, presale investors or other investors, the “whole community is equal” in collaboratively pushing the brand forward in the crypto space, helping participants feel that they’re “part of something.” This inclusivity fosters a strong sense of belonging and participation among investors.

Lee agreed, contributing his perspective that the allure of meme coins is related to their high risk/reward ratio. He gave an example: “For those people who missed out on Bitcoin when it was trading below $1,100 or 

 when it was $10, they’re not going to get 100x or 500x from just investing in Bitcoin or Ethereum, at least not in the short term. But for meme coins, especially if you catch them early, there is this potential.”

The panel also noted the evolution of meme coins from their predominant presence on the Ethereum blockchain to their burgeoning launches on the 

 blockchain during the 2024 bull run. This shift has been largely attributed to Solana's lower transaction fees, which enhance the accessibility and attractiveness of meme coins on its platform. 

Pennings further highlighted a significant shift in the pattern of meme coin launches during bull runs, observing that in past crypto bull runs, we’ve typically seen meme coins launching toward the end as a kind of climax. However, the 2024 bull run has been distinctively initiated by the launch of meme coins. This inversion in trend suggests a growing influence and earlier integration of meme coins into market dynamics, marking meme coins as potential catalysts for broader market movements rather than mere followers of existing trends.

The panel delved deeper into the proliferation of meme coins on the Solana blockchain as evidenced by their notable trading volume and volatility. Lee emphasized that numerous coins were attracting attention due to their market dynamics, also noting that many are “getting a lot of trading volume and volatility” recently. 

Pennings was candid about the fundamental nature of meme coins, suggesting that their creators should embrace and clearly communicate that these coins are primarily for entertainment: "They’re just a meme, trying to be funny," he stated, stressing the importance of maintaining these coins’ transparency and identity without necessarily seeking practical utility.

Lee added to this sentiment by advising against pretentiousness in the meme coin sector. He finds it intriguing that some meme coins are experimenting with mechanisms such as buybacks to influence their market value, signaling a shift in how developers might be trying to sustain interest and longevity in their projects.

The panel addressed the inherent risks tied to meme coins, such as high volatility and the threat of 

Each member of the panel then shared tips on how investors can better protect themselves from crypto scams. Pennings emphasized the importance of portfolio diversification, echoing the age-old wisdom of not putting all your eggs in one basket, and stressing the significance of securing profits. He explained that, while a meme coin’s price has the potential to go higher, it could also plummet to zero and wipe out your initial investment. 

Lee provided practical advice on managing risk, highlighting the speculative nature of meme coins and the critical importance of measured, cautious investment strategies when it comes to speculative investments: "Control your leverage, set a 

 and only invest what you can afford to lose.".

Closing the discussion, Sabrina Chua highlighted the necessity of thorough research before making any investment. "It’s important that you 

 before investing in any financial product," she urged, noting that you can rely on community feedback and clear project objectives to guide your decisions. 

As meme coins grow in number and complexity, it’s crucial to understand their trends, the technology behind them and community involvement. These elements not only define the current meme coin landscape, but will also shape its future trajectory.

As part of the livestream, Bybit is holding an 

 that offers you a chance to participate in our pop quiz and earn a share of a 1,000,000 

 prize pool. The event period is through May 9, 2024, 12PM UTC.

Stay tuned for more discussions on the dynamic world of cryptocurrencies — and don't miss our next session on May 16, 2024, 8AM UTC, where we delve into the 

For those who missed the live interaction, remember to engage with us during our livestreams for a chance to win prizes and have your questions answered by experts. Visit our 

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Learn Live ICYMI: Riding the Meme Coin Wave of 2024

In the inaugural session of Learn Live ICYMI, we gathered an esteemed panel of crypto experts to share insights on the current crypto market. Learn more here.

As we progress into 2024, the cryptocurrency market has witnessed a vibrant resurgence, heralding what many are calling a new 

. Key drivers of this resurgence include the January 2024 

, which has increased institutional participation, and the anticipation of 

, expected to further reduce coin issuance and potentially boost prices. 

With these developments setting the stage, our new series, 

livestreams, providing you with comprehensive expertise and insights from leading figures in the crypto industry in case you missed the livestream.

, we gathered an esteemed panel of crypto experts: 

, Director of BD and Partnerships at Wintermute; and Hao Yang, Global Head of Derivatives and Financial Products at Bybit. Nathan Thompson, Lead Tech Writer at Bybit, skillfully moderated the 

. The discussion focused on the implications of recent regulatory and economic developments, and nuances of the current market.

YouTube video player

Understanding the Post-ETF & Post-Halving Landscape: Challenges and Opportunities

 in early 2024, along with the April 11, 2024 

 have painted a complex canvas for 2024. Lennix Lai highlighted the new post-ETF market dynamics in his introduction, emphasizing the influx of traditional capital and varied market participants. The uncertainty of post-halving effects, as well as their interplay with broader economic factors, also present a complex scenario. Lai noted, "Halving was more impactful in the early stages. Now, we must consider macroeconomics as well."

Hao delved into the specifics of market supply-and-demand influences, stating that the introduction of a Bitcoin Spot ETF has certainly “opened up the floodgates to institutional money,” which traditionally hasn’t been as involved in crypto. This new demand has driven up prices. However, the halving also cuts supply significantly, even though its impact lessens with each cycle (due to the finite nature of Bitcoin). He further explained that we're seeing a convergence of the total circulating supply toward the 

, which will naturally diminish the supply-side impact over time.

Croft commented on the strategic implications of these events, sharing that both the Bitcoin Spot ETFs and halving narratives have been major topics. While their immediate impacts might not stir significant volatility, BTC price action tends to follow a pattern over months following a halving in what is essentially a sophisticated market that likely has these factors priced in already. Croft emphasized the market's evolving sophistication: "Immediate impacts might be muted, but the long-term effects are worth noting. Historically, the period from halving to peak has extended, showing that the real impact unfolds over months."

Thompson synthesized their insights, concluding that while immediate market reaction may be subdued, underlying shifts in market fundamentals will likely drive significant change over the medium-to-long term.

Market Trends and Predictions: Insights Into the Current Bull Run

The panel then moved on to discuss the current bull run, emphasizing the reduced market volatility, which suggests a maturing market. Hao observed the trend toward market maturity: "As we witness diminishing volatility, it's indicative of a maturing market. This maturity suggests that cryptocurrencies are moving toward mainstream acceptance, making the market less volatile but still rich with opportunities for both retail and institutional investors."

Lai discussed the evolving demographics and behaviors of market participants. As the market matures, the correlation with traditional macroeconomic factors becomes more pronounced. This bull run isn’t just about speculative interest, as it’s being driven by more foundational changes in the market structure that include the effects of the halving and the influx of new institutional players.

"In the short term, Bitcoin behaves like a risky asset class, influenced by positive sentiments pre-halving," Lai said.

Thompson added, "It appears that market participants are reacting preemptively to these events, a behavior akin to front-running, which has historically proven to influence Bitcoin's price trajectory well before the halving actually occurs."

Croft added that the narrative around these market events often precedes actual price action: by the time we see movement, the market has already digested the news. What's compelling is how these narratives develop and run their course over time, shaping market behavior in less direct but profound ways.

Maximizing Market Performance for Crypto Users

Leveraging Derivatives and Options Markets for Enhanced Performance

The next segment discussed ways in which 

 might offer a viable dynamic to certain traders, and how that could impact the market.

, averring that options and derivatives are being used more strategically than ever. They're not just being used for hedging, but are integral to the investment strategies of various institutional players. This is a testament to the market's maturation and the sophistication of the products available. Croft noted, “We’re seeing lots of these guys come into our CFD products” [CFD products are similar to 

] … and these investors “look to go long or short in a particular basket or individual tokens and try to pick out the performers and underperformers.” 

When asked about his usage of the phrase “[basket of] tokens,” Croft clarified that he wasn’t talking about indexes, but rather about how “someone could come in and get ten tokens they want to go short on, and ten tokens they want to go long on, and we can execute that. So it’s those clients choosing those baskets themselves rather than the products being preset.” Croft shared that Wintermute recently launched a new index provider, 

, and is looking toward working with other exchanges to help provide comprehensive, reliable and accessible indices.

The Rise of Meme Coins in the Crypto Market

Lai then discussed the evolution of market products, commenting that as the market evolves, so too must our products. Derivatives and options markets are crucial for providing the flexibility and tools users need to navigate this complex environment.

Hao focused on the technical aspects, maintaining that the real challenges and opportunities lie in enhancing the robustness of these tools. As we develop more sophisticated trading derivatives and options, we're not just creating new investment opportunities — we're also setting the stage for a more resilient market.

Thompson concluded this segment: "Clearly, the role of advanced financial instruments like derivatives and options is becoming more central as the market grows in complexity and scale."

When asked to comment on meme coins, Hao said it’s a “social movement starting from Wall Street and GameStop” and that it’s a “way to get people together … It can be a force for good instead of a tool for speculation.” Hao then shared about Bybit’s new initiative, the 

, explaining that it could be used for a charity or fundraising, linking it to a meme coin that’s “naturally inspiring and easy for people to understand.” In this way, meme coins can “be a force for good, to raise a charity fund for cancer treatment” or other causes.

Croft agreed, sharing his perspective that as long as meme coins are “fully transparent” and the projects make it clear that they’re part of a social movement whose participants who believe in and buy in to the cause, he’s “all for crypto facilitating that.”

Lai commented that memes are a sort of collective, and that not all meme coins are going to be successful. While they may be easy to create, it’s difficult to collectively get consensus from any large group of people. 

, expressing support for it and emphasizing that RWAs are “the link between traditional finance and crypto. That’s the last mile before crypto can be a real financial system, a link to the real-world economy.” He concluded that it’s certainly something he would “bet big on,” especially with more RWAs now on-chain.

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