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We have prepared a wonderful "Memecoin Party" with special DOGE, SHIB FLOKI and BONK prizes. You can earn up to

 10,000,000 BONK, 1,150,000 SHIB, 3,000,000 FLOKI and 5100 DOGE AT THE SAME TIME

button below and get ready for an amazing shower of DOGE, SHIB, FLOKI and BONK!

🗓 [Ongoing] Event Period 2: April 1, 2023, 10:00 AM - April 21, 2023, 10:00 AM, UTC+0

💰 Event 1: Sign up or Deposit, get 150,000 SHIB and 100 DOGE



*Users can participate in either one or both tasks above


*First come, first served; until now, plenty of tickets available! We will specify in the table after the first 200 or 500 tickets are fullfilled.



💰 Event 2: Share & Win! Our 20 lucky users will get 1,000,000 SHIB!


a. Share this campaign on your own social media or any online crypto communities. Each share will count as one lucky draw ticket for you. Up to 10 shares count per user are is allowed.



20 lucky users will receive 1,000,000 SHIB each.



💰 Event 3 [ended]: Trade $200 or more in Spot, win lottery prizes from Memecoin tokens




Every $200 of your total trading volume in all available Spot pairs during the event period, will count as one (1) lottery ticket; each user can enjoy up to 20 lottery tickets in this event. Here are what you get from winning tickets:

who have completed Identity Verification Lv.1 or Lv.2 are eligible for this event.

2. All of the rewards token will be credited to your Spot Account and is subject to a risk review within 10 business days after the event ends. Winners can make withdrawals or trade transactions upon receiving the rewards.

3. Only sign-up, deposit and trade made on Bybit between Apr 1, 10:00AM UTC - Apr 21, 10:00AM UTC will be eligible for this event. Users must register via the "Register Now to the Event" button above to confirm their participation and be eligible for rewards. 

4. Event 3 is an extension of the Memecoin Party 

5. Users can participate in all events at the same time and earn rewards from all events separately.

6. Bybit reserves the right to disqualify a user if he/she engages in any inappropriate, dishonest, or abusive activities (such as wash trading, volume faking, participating using multiple accounts, market manipulation, etc.) during the campaign period.

7. Bybit reserves the right to amend the Terms and Conditions of the campaign at any time without prior notice.

[Selected Southeast Asia Exclusive] Memecoin Party 💰

Ticketmaster and Avenged Sevenfold have teamed up to tackle scalping, bot activity, and long wait times by introducing an Ethereum NFT token-gating feature. More here, on Daily Bits.

Asian markets enjoyed a boost on Wednesday as concerns around the financial sector eased, leading to a surge in investor confidence.The broader cryptocurrency market saw gains, with Bitcoin and Ether up by 3.73% and 4.61% respectively

 in the past 24 hours as of the time of writing. The hot token for today is FTM, which has gained a whopping 11.82% in the past 24 hours.

Fantom is an open-source smart contract platform for digital assets and dApps that boasts impressive speed and scalability. Its recent integration with TaskOn, a Web3 Task Collaboration Platform, is likely contributing to the rise in FTM, its native token. This partnership will further contribute to growth within the Fantom ecosystem via Web3 tasks, benefiting users. Additionally, Fantom's upcoming Beta release of their game, Internal Conflict, has generated buzz within the industry. With new developments on the horizon and a growing ecosystem, it's no wonder all eyes are on Fantom.

Check Out the Latest Prices, Charts, and Data of 

Ticketmaster and Avenged Sevenfold have teamed up to tackle scalping, bot activity, and long wait times by introducing an Ethereum NFT token-gating feature. As part of this collaboration, the heavy metal band road-tested the feature with its Deathbats Club NFT collection ahead of its full integration. Ticketmaster is venturing into new territories with this direct ticket purchase integration, with over 5 million commemorative NFT tokens previously issued for major events such as the Super Bowl.

Check out what else is buzzing in the crypto scene today:

Disney Scraps Metaverse Division as Part of Restructuring Plan (

NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon (

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Fantom Partners with TaskOn; Ticketmaster Launches NFT-Gated Ticket Sales

Daily Bits

Market Insights/Analyses

WEMIX pre-launches PAPYRUS, a decentralized communication platform that connects blockchain-based tokens and NFTs. Find out more here.

US stocks rose on the back of an increase in financial shares, meanwhile, stocks in the Asia-Pacific region traded with a mixed performance following the news that Wall Street's recent banking turmoil concerns were alleviated. The broader cryptocurrency market saw a dip, with Bitcoin and Ether down by 2.41% and 1.15% respectively

 in the past 24 hours as of the time of writing. The hot token for today is WEMIX, which has gained 5.01% in the past 24 hours.

WEMIX is the native token of WEMIX network, a blockchain based global gaming platform. The recent price movement of the WEMIX token is largely attributed to the significant buzz generated by pre-launch of PAPYRUS, a decentralized communication platform that connects blockchain-based tokens and NFTs to bring together participants of the WEMIX ecosystem. The platform will enable holders of the same tokens to share their stories and interact with each other through various channels with different entry settings based on their token holdings. This in turn hopes to create a strong bond within the WEMIX community.

Ready to embark on your crypto journey? Sign up with Bybit and grab your share 

On Monday, it was revealed that the U.S. Commodity Futures Trading Commission (CFTC) has sued crypto exchange Binance and founder Changpeng Zhao. The CFTC is accusing Binance of knowingly offering unregistered crypto derivatives products in the U.S., an act that is against federal law. They have also charged Samuel Lim, Binance’s former chief of compliance, on allegations that they have “failed to properly supervise Binance’s activities”, and as a consequence, have “actively facilitated violations of U.S. law”.

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WEMIX Launches PAPYRUS

Despite the potential sell pressures after Ethereum’s upcoming hard fork, it’s more likely that ETH stakers will hold for the longer term, writes Bill Xing head of financial products at Bybit

Ethereum’s Shanghai upgrade is upon us and for the first time, individuals who have “

” their ETH as part of the network’s security mechanism will be able to withdraw their holdings. Will this create huge sell pressure for the second-largest cryptocurrency? Hardly.

”), users who had locked a minimum of 32 ETH to secure an APY staking reward of 4-5% will be able to withdraw a portion of their stake immediately. But those wishing to withdraw their entire stake will need to

wait one to 36 days, which dampens potential sell pressure. Furthermore,

only 16% of ETH stakers are in profit, so why would they sell now? 

In fact, for rational investors, selling ETH now would likely make little sense. And the investor profile for ETH holders leans towards rationality and a long-term outlook. It’s arguably one of the world’s premier risk assets, and the only reasons investors are still on the sidelines may be because they don’t understand it, they fear its ferocious volatility, or they find the regulatory uncertainty to be unnerving. 

But the answer to the first objection also answers the second, and will go a long way toward answering the final objection. By the end, you may grok the thesis that Ether — in the crypto vernacular — isn’t just “sound money” it’s “ultrasound money.”

Ethereum is a blockchain that sells block space to apps. The apps must pay for transactions using the blockchain’s native currency: ETH. 

The demand side of the trade relies on simple network effects, the more apps, the more users, the more demand for ETH. And this is because the Ethereum network is the oldest and most established decentralized

Ethereum and Bitcoin networks were analyzed by researcher Ken Alabi in a 2017

. “The analysis shows that the networks were fairly well modeled by Metcalfe’s Law, which identifies the value of a network as proportional to the square of the number of its nodes, or end users.” This means that adoption can increase the value of any given network exponentially.

On the supply side, ETH is issued as compensation to independent actors who run network nodes, and this currently amounts to 671,000 ETH per year. However, thanks to a novel burn mechanism that destroys a small amount of ETH per transaction (by sending it to a wallet from which it can never be withdrawn), the supply of ETH is actually shrinking despite token issuance. 

is a dashboard that tracks the burn rate in real-time showing that the supply of ETH has been shrinking for months — and that’s in the middle of a raging bear market, imagine what would happen when demand picks up again. In fact, despite the bear market, transactions on Ethereum are still maintaining a

Volatility should be ironed out slowly as the effects of network adoption take place. The more people who join the Ethereum network, the more the value of ETH increases, which leads to more adoption. As the market cap increases it will take larger and larger market movements to rock the boat, reducing the large deviations in the price. 

The best that crypto-bashing regulators can hope for is to slow down the 

. But there’s not much incentive for most governments to support this approach because a) crypto, on the retail side, is driven by Millennials and Generation Z, so it will be a voter issue in the coming years, and b) it will only move innovation offshore.

Even as the U.S. is putting a squeeze on crypto, Dubai, Hong Kong and the U.K. are already preparing to scoop up exiled crypto companies. And even if regulators shoehorn ETH into the antiquated category of a security — so what? Anyone could buy securities in minutes using an app on a phone.  

The upcoming Shanghai upgrade will be followed by a more complex upgrade that will reduce fees on the Ethereum network, making it faster and even more user-friendly. The genie is well and truly out of the bottle, and investors may well find a magic carpet beckoning.

Disclaimer: Nothing herein shall be construed as investment advice or any offer or solicitation to offer or recommendation of any investment product

This article was originally published by Forkast

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What Impact Will Ethereum’s Shanghai Upgrade Have On ETH and Crypto Markets?

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