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  • MegaETH Token Auction Draws Record Interest with $450M in Bids

    The Ethereum layer-2 project MegaETH has received enormous interest from crypto investors during its active token sale. The auction, which opened Monday, received committed funds totalling over $450 million within hours of opening, far exceeding its original fundraising goal of $50 million. The rush for commitments represents an oversubscription of 8.9 times and is a clear indication of the market’s excitement for this high-performance blockchain network.

    Token Distribution and Market Dynamics

    The initial coin offering sets aside 5% of MegaETH’s total token supply of 10 billion tokens for early contributors. Individuals can invest anywhere from a minimum of $2,650 to a maximum of $186,282. There is also an optional one-year lockup that provides a 10% discount on the token price.

    According to a report from Arkham, a blockchain analytics firm, 819 addresses initiated maximum bids in the first two hours of the auction being live. A dedicated allocation process will determine the final token distribution upon completion of the sale, based on factors such as engagement history in the community and lockup options they select.

    Santiment’s analyst Brian Q cautioned about the concentrated buying and whether the level of demand reflects authentic conviction in the technology or is the by-product of fear-based speculation. He noted that synchronized buying trends rarely represent an assessment of fundamental value and can lead to higher reversal risk.

    Though observers in the market have said that the project has some serious technical specifications that may justify investors’ enthusiasm. MegaETH claims it can handle 100,000 transactions per second with sub-millisecond response time after a testnet launch in March. The project has received support from major Ethereum players such as co-founders Vitalik Buterin and Joe Lubin through its parent company, MegaLabs.

    Brian Q recognized that MegaETH meets a significant industry demand, providing application-like performance on an Ethereum network connection. He encouraged interested investors to be cautiously inquisitive about this emerging technology as it continues to develop, rather than to fall in love with MegaETH technology foolishly.

    Q: How much funding did MegaETH raise during its active token sale?

    This question targets the reported $450 million in committed funds and compares it to the initial goal of $50 million, reflecting the scale of investor interest.

    Q: What percentage of MegaETH’s total token supply was allocated for early contributors?

    It refers to the 5% allocation of the total 10 billion tokens, emphasizing token distribution details.

    Q: What are the minimum and maximum investment limits for individual participants in the MegaETH auction?

    This asks about the specific contribution range — $2,650 minimum and $186,282 maximum.

    Q: What performance claims has MegaETH made about its network capabilities?

    It focuses on the claim that the project can handle 100,000 transactions per second with sub-millisecond response time following its testnet launch in March.

    Q: What concerns did analyst Brian Q raise about the investor activity in MegaETH’s token sale?

    This addresses his caution regarding concentrated buying behavior, suggesting that it might reflect fear-based speculation rather than genuine confidence in the technology.

  • Prediction Protocol Myriad Expands to BNB Chain with Asian-Focused Localization

    Prediction Protocol Myriad Expands to BNB Chain with Asian-Focused Localization

    New Automated Markets and localized experiences that are customized for Asian users are being introduced by the prediction protocol Myriad, which is expanding to BNB Chain. One of these experiences will be a Mandarin-language version that will be released in the near future. Following the integrations with Abstract earlier this year and Linea in July, the launch represents a significant milestone in the multichain strategy that Myriad has been working on.

    The deployment of Myriad on BNB Chain not only enables millions of prospective users to use the platform, but it also helps the project achieve its objective of providing prediction markets that are quick, user-friendly, and accessible on a worldwide scale.

    “Over the past year, we’ve been steadily building toward a truly multichain future for Myriad,” said Ilan Hazan, co-founder and COO of Myriad. “Our launch on BNB Chain isn’t just another technical integration. It’s a natural evolution of what we’ve always stood for: meeting users where they are.”

    In conjunction with the launch of Automated Markets, a brand-new feature that prioritizes speed and ease of use, the expansion is already underway. In order to facilitate continuous flow, these markets make use of auto-resolution and short periods. This makes it simpler for users to take part in prediction settings that are fast-paced and do not involve lengthy settlement procedures.

    “This expansion represents both sides of what we’re building: deep technical flexibility and a global, user-first vision,” Hazan added. “We’re incredibly excited about what’s next. Myriad is growing faster than ever, and this BNB Chain launch is only the beginning of what’s to myriad markets come.”

    In addition to the technological deployment, the debut of Myriad’s BNB Chain is a component of a larger push into the Asian market.

    “The BNB Chain ecosystem continues to play a major role in making crypto more accessible worldwide,” said Farokh Sarmad, president and co-founder of Myriad. “We see this integration as a meaningful step in that shared mission.”

    Loxley Fernandes, CEO and co-founder of Myriad, added, “If a new infrastructure layer is needed to bring the Myriad experience to more people, we build it. The BNB Chain ecosystem has one of the most active and diverse communities in crypto, and we’re excited to become part of it.”

    The Automated Markets and regional localization plan that Myriad has implemented are reflective of the company’s long-term objective of making prediction markets more dynamic, inclusive, and adaptive to the requirements of users all around the globe.

    A Web3 prediction and trading protocol, Myriad was developed with the intention of facilitating markets in which users may engage in trading based on information, predictions, and consensus. Through the use of Decrypt and Rug Radio, it mixes retail adoption with enterprise-grade infrastructure in order to develop a protocol for prediction markets that can be used across a variety of businesses. Its plan involves the extension of several chains, the integration of sophisticated oracles, and the harmonization of regulatory standards in the United States.

    FQS

    Q:What is the main purpose of Myriad’s expansion to the BNB Chain?

    This question helps identify the strategic goals behind the move — such as increasing accessibility, user adoption, and aligning with the company’s multichain strategy.

    Q: How do Automated Markets improve user experience within Myriad’s platform?

    This question explores the technical and practical benefits of the new feature — including auto-resolution, speed, and simplified participation in prediction markets.

    Q: Why is localization, especially the Mandarin-language version, significant for Myriad’s Asian expansion?

    This focuses on Myriad’s efforts to adapt its platform culturally and linguistically to reach a broader audience in Asia.

    Q: What role does the BNB Chain ecosystem play in Myriad’s global growth strategy?

    This question connects Myriad’s technological and community-driven ambitions with BNB Chain’s established infrastructure and user base.

    Q: How does Myriad’s vision of multichain and user-first design reflect broader trends in Web3 development?

    This encourages analysis of how Myriad’s approach aligns with or diverges from other decentralized protocols in the Web3 and prediction market space.

  • Bybit Introduces Automated Funding Rate Adjustment for Perpetual Contracts

    Bybit Introduces Automated Funding Rate Adjustment for Perpetual Contracts

    The second-largest cryptocurrency exchange in the world based on trading volume, Bybit, revealed that its Perpetual Contracts would now include an automated funding rate settlement frequency adjustment functionality. With a complete deployment anticipated by November 3, 2025, at 6 a.m. UTC, the feature goes into effect on October 30, 2025, at 8 a.m. UTC.

    By dynamically modifying funding rate settlement frequency in accordance with current market circumstances, the new feature aims to improve trade responsiveness and efficiency. The system will automatically change the settlement frequency to once per hour when the funding rate for a perpetual contract hits its predetermined upper or lower limit during settlement. Funding rates may now more effectively reflect the volatility and existing market dynamics thanks to this modification.

    Bybit claims that future adjustments to settlement frequencies and funding rate restrictions will be made automatically and could not need prior notice.

    Operational Example

    When a Perpetual Contract has upper and lower limits of ±2% and initially settles at 4 a.m., 8 a.m., and 12 p.m. (UTC+8), the system will respond as follows:

    • Scenario 1: The frequency of settlements will automatically shift to once per hour if the funding rate hits ±2% at 8 a.m. (UTC+8). The next settlement will take place at 9 a.m. (UTC+8).
    • Scenario 2: The frequency stays the same if the funding rate is 1% at 8 a.m. (UTC+8).

    Reversion and Adjustment Timing

    Depending on market circumstances, the system may abruptly switch back to lengthier intervals—every two, four, or eight hours—after an automated shift to hourly settlements. Usually, the correction takes four minutes or less to complete. For instance, the new frequency will become apparent at 8:04 a.m. (UTC+8) if the rate hits the limit at 8 a.m.

    Scope and Exceptions

    Bybit pointed out that depending on factors like volatility or liquidity, certain contracts could not have the automatic adjustment option enabled. BTCUSDT, BTCUSDC, BTCUSD, ETHUSDT, ETHUSDC, ETHUSD, ETHBTCUSDT, and ETHWUSDT Perpetual Contracts will not initially be able to use the functionality.

    • Funding Rate Settlement Schedule (UTC+8)
    • Every 8 hours: 12 a.m., 8 a.m., 4 p.m.
    • Every 4 hours: 12 a.m., 4 a.m., 8 a.m., 12 p.m., 4 p.m., 8 p.m.
    • Every 2 hours: 12 a.m., 2 a.m., 4 a.m., 6 a.m., 8 a.m., 10 a.m., 12 p.m., 2 p.m., 4 p.m., 6 p.m., 8 p.m., 10 p.m.

    According to Bybit, traders may modify their strategy in response to changes in market circumstances by immediately reviewing the most recent settlement frequency on the platform.

     

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