Blockchain Press Releases
Bybit Web3 Launches FarmX, Revolutionizing Telegram Gaming with Decentralized Farming in SpaceS
DUBAI, UAE, Jan. 15, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the launch of FarmX, a groundbreaking decentralized farming platform integrated into its popular Telegram game bot, SpaceS. FarmX empowers both new and experienced crypto users to earn rewards by completing simple farming tasks and participating in various campaigns, introducing a new dimension of play-to-earn excitement to the SpaceS ecosystem.
Bybit SpaceS, with its engaging space-themed gameplay and vibrant community of over 3 million players, has become a beloved platform for Web3 enthusiasts. Beyond its gameplay, SpaceS introduces a social element, allowing players to invite friends and form fleets to play together. The introduction of FarmX further solidifies Bybit’s position as a leader in innovative and rewarding gaming experiences.
Key Features of FarmX:
- Farm-to-Earn: Connect your wallet, hold SpaceS Points or TON, and start farming with a few simple clicks.
- Early Bird Advantage: FarmX rewards are distributed based on how much you farm and how early you start. The more SpaceS Points or $TON you hold and the earlier you participate, the greater your share of the prize pool.
- Exclusive Loyalty Rewards: Earn exclusive token rewards by farming SpaceS Points or depositing TON.
- Community-Driven: Leverage the thriving SpaceS community and participate in exciting campaigns with massive prize pools.
- TON Ecosystem Integration: FarmX integrates TON farming, marking Bybit Web3’s entry into the vibrant TON ecosystem. By holding $TON, players can double their rewards, unlocking even more earning potential.
MK Chin, Bybit’s Web3 Evangelist, commented: “FarmX represents a significant milestone for SpaceS and Bybit Web3. By seamlessly integrating decentralized farming into a beloved game, we are democratizing access to DeFi and providing our community with exciting new opportunities to earn rewards. We are thrilled to see how players embrace FarmX and shape the future of play-to-earn experiences.”
The FarmX campaign offers an additional 40,000 USDT prize pool from January 16th to 24th. Subsequent campaigns will feature even more enticing rewards and collaborations with top projects in the Web3 space.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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Blockchain Press Releases
BTC Pricing Alert: Bitcoin Rebounds as Trump’s Trade War Comments Ignite Market Rally – Bybit x Block Scholes Report

DUBAI, UAE, April 28, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest weekly crypto derivatives analytics report in partnership with Block Scholes. The report highlights a shift in market sentiment following upbeat remarks from US President Trump on trade negotiations with China, which coincided with a broad rally in both crypto and equity markets.
Earlier last week, Bitcoin showed signs of decoupling from US equities. Following the announcement of a 145% tariff on Chinese goods and comments from Trump, BTC climbed by more than 7% from April 21, 2025, alongside broader risk assets. Short-tenor implied volatility rose, and put-call skew turned upward by 5%, indicating that traders had been positioning for further gains at the time.
Key Highlights:
Perpetual open interest rises across tokens
Perpetual futures open interest climbed significantly by 20% last week, particularly for ETH. Trading volumes also increased, with April 7, 2025 recording the highest daily volume for the month. The spike followed Trump’s comment: “Forget markets for a second, we have all the advantages.”
BTC option open interest shows a mixed picture; put-call skew in short tenor sends positive signals
President Trump’s recent willingness to negotiate a trade deal with China’s President Xi triggered a relief rally across asset classes, including crypto. Bitcoin had already risen 7% since Apr 21, 2025 prior to Trump’s comments. Despite this rally, open interest in puts has outpaced calls, with options volume remaining relatively balanced.
It’s unclear if the demand for puts reflects a hedge against downside risks, or a bet against the upward movement. Meanwhile, perpetual funding rates are providing limited insight into sentiment. However, the recovery of the put-call skew at short tenors indicates that traders are seeking upside exposure to the rally — and are willing to pay for it.
ETH outperforms BTC by 1% in the past week, signals rebound expectations
ETH led last week’s rally in spot markets — a rare occurrence in past relief rallies. Options data shows ETH calls nearly double puts in open interest, with calls also dominating volume. This suggests traders expect ETH to close its recent performance gap with BTC and competing chains like SUI and SOL. ETH’s term structure also inverted again, reflecting expectations of near-term price action.
Access the Full Report
For detailed insights, readers may download the full report.
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases
HTX Research Latest Report | Sonic: A Model for the New DeFi Paradigm

SINGAPORE, April 28, 2025 /PRNewswire/ — As Layer 2 scaling solutions remain a focal point of industry discourse, Sonic presents a fundamental shift in blockchain architecture. HTX Research has announced the release of its latest report, “Sonic: A Model for the New DeFi Paradigm” The report dives into the details of the Sonic public chain.
Sonic’s Evolution: 2000+ TPS, 0.7s Confirmation, Near-Zero Fees
The Fantom Opera blockchain, initially recognized for its speed and throughput as a high-performance aDAG-based Layer 1 solution, encountered scalability limitations as its ecosystem expanded. Its traditional EVM architecture struggled with bloated state storage, slow node synchronization, and execution bottlenecks. To overcome these challenges without resorting to sharding or Layer 2 solutions, Fantom developed Sonic — a fundamental redesign engineered to deliver a significant performance leap.
Sonic Labs, a new team led by CEO Michael Kong, CTO Andre Cronje (founder of Yearn Finance), and Chief Research Officer Bernhard Scholz, dedicated two and a half years to the redesign of Fantom’s virtual machine, storage, and consensus. They built Sonic, a new, independent EVM-compatible chain capable of processing over 2,000 TPS, achieving 0.7-second finality, and executing transactions at a cost of $0.0001. It also improves storage efficiency by 90% and reduces node synchronization time from weeks to under two days.
Technical Innovations Driving Sonic’s Performance
Sonic’s enhanced performance is underpinned by three core technological advancements:
- SonicVM: A newly developed virtual machine fully compatible with the EVM, SonicVM optimizes computationally intensive operations like SHA3 hashing, pre-analyzes jump instructions, delivers significantly faster execution, and supports high throughput.
- SonicDB: Achieving nearly 90% data compression, SonicDB uses a layered storage strategy that splits the blockchain state into two databases: LiveDB for the current global state and ArchiveDB for historical blocks and states. This reduces node requirements and enhances network resilience through greater decentralization.
- Sonic Gateway: Functioning like an “L2-like” bridging solution to Ethereum, it uses a batch processing mechanism that strikes a balance between security and efficiency, enabling seamless two-way asset transfers and ecosystem access.
Stablecoin Ecosystem: Nested Yield and Resilient Growth
Defying market trends in 2025, Sonic’s on-chain Total Value Locked (TVL) surged by over 500%, with the total stablecoin supply surpassing $260 million. This growth is driven by sophisticated high-leverage yield mechanisms.
- Silo v2 Loop Lending: Use staked S tokens to borrow stablecoins, achieving up to 20x exposure to capture combined incentives alongside stable yield spreads.
- Euler + Rings Protocol Combo: Deposit USDC to mint scUSD, then use leverage to potentially achieve up to 10x yield, along with Sonic points and protocol rewards.
- Shadow DEX Liquidity Provision for Rewards: By facilitating trading activity, particularly with the S/stS pair on Shadow, users can earn up to 169% APY and a share of trading fees.
Looking ahead, the ecosystem will incorporate Real World Asset (RWA) yields and off-chain payment solutions to create a sustainable and widely used stablecoin ecosystem backed by compliant assets and real-world applications.
Conclusion: Sonic – Leading the Charge in DeFi 2.0
Sonic’s high performance, nested yields, and accessibility position it for rapid growth, with the potential to exceed $2B TVL and a multi-billion $S token market cap within a year. More importantly, Sonic is championing an “efficiency revolution” in blockchain design—prioritizing performance and capital efficiency to attract liquidity.
The report identifies technical challenges, including the adaptive AMM’s reliance on external oracles, which introduces potential vulnerabilities. Furthermore, the inherent risks of high-leverage strategies in volatile markets necessitate the use of hedging instruments, such as short perpetual futures, to mitigate potential liquidations.
From a broader view, Sonic is well-positioned to lead the expected 2025 DeFi resurgence. Its thriving stablecoin ecosystem boosts the value of both the $S token and the network. Even in a bear market, Sonic demonstrates the potential for DeFi to establish resilient “yield havens” through innovation and performance. With its nested yields, developer-focused incentives, and efficient infrastructure, Sonic provides a model for the industry. The integration of RWAs and payment tools could place Sonic as a critical bridge between on-chain yields and real-world utility, driving DeFi toward mass adoption
For full report, please visit: https://square.htx.com/wp-content/uploads/2025/04/HTX-Research-Latest-Report-1-1.pdf
About HTX Research
HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends.

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Blockchain Press Releases
MEXC DEX+ Unveils Upgrade: One-Click Wallet Access Redefines Web3 Trading

VICTORIA, Seychelles, April 28, 2025 /PRNewswire/ — MEXC, a global leader in cryptocurrency trading, has upgraded the feature for MEXC DEX+, enabling users to register and log in seamlessly using external Web3 wallets such as MetaMask, Phantom, Trust Wallet, and TronLink. By leveraging wallet addresses as account identifiers, this innovation eliminates email or phone verification, delivering instant access to a unified CEX-DEX trading experience. Combining the robust liquidity of centralized exchanges (CEX) with the flexibility of decentralized exchanges (DEX), MEXC is redefining Web3 trading, empowering users worldwide to embrace the future of finance.
Wallet as Identity: Seamless Trading Redefined
MEXC DEX+’s external wallet registration feature prioritizes user experience, transforming the ease and flexibility of crypto trading. Key highlights include:
- Sign Up and Trade in Seconds: Connect MetaMask, Phantom, Trust Wallet, or TronLink, sign, and create an MEXC account with a unique on-chain identity in just 3 seconds—no email or phone required.
- Unified CEX-DEX Experience: Link an external wallet to manage CEX and DEX assets effortlessly. Move wallet assets to CEX for trading with one click, with trading tiers and VIP benefits syncing seamlessly across platforms.
- Effortless Multi-Chain Trading: Support for SOL, BSC, Base, Tron, and more empowers users to capitalize on market opportunities across blockchains anytime, anywhere.
Robust Security: Protecting Your Assets
In the Web3 era, protecting users’ assets is critical. MEXC DEX+ delivers ironclad security through advanced, multi-layered defenses, ensuring users’ funds are safe and providing true peace of mind with a “wallet as identity” experience:
- Three-Factor Security: Withdrawals require bot detection, two-factor authentication (via SMS, email, or Google Authenticator, choose two), and an on-chain signature for bulletproof account security.
- Full Private Key Control: Users retain full control of their private keys, guaranteeing decentralized protection and complete account sovereignty.
MEXC DEX+’s external wallet connection feature opens a decentralized trading gateway for all users including crypto novices or seasoned traders. It seamlessly integrates centralized exchange (CEX) liquidity with decentralized exchange (DEX) flexibility, enabling efficient Web3 trading with enhanced account security and control.
“This upgrade strengthens MEXC’s commitment to Web3,” said Tracy Jin, COO of MEXC, “By connecting CEX and DEX, we are fostering a secure, user-friendly trading environment to support the global growth of decentralized finance.”
Start trading today. Visit MEXC DEX+ to link your MetaMask, Trust Wallet, or other supported wallets.
Reminder: Always connect your wallet through MEXC’s official channels and never share your seed phrase or private key.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 36 million users across 170+ countries and regions, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
For more information, visit: MEXC Website|X|Telegram|How to Sign Up on MEXC

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