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Ethereum Co-Founder Joseph Lubin Predicts Web3 Boom ‘Orders of Magnitude’ Bigger Than Dot-Com Bubble

One of the creators of the top smart contact platform Ethereum ( ETH ) says the Web3 explosion will be exponentially larger than that of the dot-com bubble of the late 90s. In a new thread on the social media platform X, Joseph Lubin – who now serves as the chief executive of blockchain technology firm ConsenSys – says the Web3 boom is already underway, and he believes it will make a positive impact to the world. “The Web3 boom is on and it will be orders of magnitude larger than the dot-com boom. It will be a rough and wild ride, but it will transform the world for the better via progressive rigorous decentralization and censorship resistance.” Lubin goes on to note that he’s extremely bullish on ETH because it’s attractive to large firms due to its large market cap, maturity, developer base and roadmap. The Ethereum co-founder also says blockchains are the next natural step in technological evolution, and most traditional businesses will eventually migrate to digital ledgers in the coming years. “ Just as every company needed to migrate to the web in the 90s and 2000s, the gold rush to Web3 is about to massively accelerate. Web3 – the re-decentralized web – is the natural evolution of the open protocol and open spec-based internet and web. Most traditional businesses will start to migrate to Web3 over the next few years.” Lubin subsequently says that President Donald Trump’s crypto-related actions have been “smart.” “Trump family-related activities are across a few ecosystems, as appropriate. They will build a large, serious DeFi (decentralized finance) business on Ethereum. They make smart moves after weighing options. There is more high-value activity that should belong on Ethereum than other networks. And I believe the admin itself will be balanced and prudent in the ways it promotes and uses the different crypto technologies.” Ethereum is trading for $3,419 at time of writing. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Ethereum Co-Founder Joseph Lubin Predicts Web3 Boom ‘Orders of Magnitude’ Bigger Than Dot-Com Bubble appeared first on The Daily Hodl . CoinDesk

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Bybit Pioneers Copy Trading for Gold & FX Markets for Crypto Communities

Dubai, United Arab Emirates, January 20th, 2025, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the launch of Copy Trading Gold&FX , — an innovative feature that positions Bybit as one of the first crypto platforms to offer Copy Trading for Gold and Forex markets. This innovative feature enables users to replicate professional Gold and Forex trading strategies directly within their MT5 accounts via USDT as collateral. It simplifies access to these traditional asset classes without requiring advanced market knowledge or prior experience. “The Copy Trading feature allows users to mirror the trades of professional traders automatically, providing a structured approach to navigating the complexities of Gold and Forex markets,” said Joan Han, Sales and Marketing Director at Bybit. “This integration aims to enhance portfolio diversification, improve risk management, and create opportunities for optimized trading outcomes within the MT5 platform. Copy Trading Gold&FX is more than just a feature — it’s a gateway to smarter, more efficient trading in traditional asset markets. It represents a bold step forward in Bybit’s mission to empower every trader with the tools, resources, and opportunities they need to succeed.” Bybit continues to lead the way in delivering cutting-edge trading solutions, bridging the gap between traditional and digital finance. The introduction of Copy Trading Gold&FX cements Bybit’s position as an industry pioneer, redefining the trading experience for its users. Key Features of Copy Trading Gold&FX The feature includes a suite of tools aimed at improving trading efficiency and accessibility: Professional Expertise: Access to experienced traders specializing in Gold and Forex strategies. Risk Management: Tools designed to manage and balance risk across trading portfolios. Seamless Integration: Compatibility with MT5 ensures efficient trade execution and multi-asset trading support. Enhanced Tools: Additional features tailored for advanced users and professional trading setups. A Secure and Transparent Trading Environment Bybit ensures a secure and transparent experience for Copy Trading Gold&FX users through rigorous oversight and clear accountability. Master Traders undergo a thorough approval process to verify their expertise and reliability. Trading activities are continuously monitored to prevent manipulation, artificial order-padding, or misleading performance claims. Risk management measures include the automatic closure of follower positions if a Master Trader’s position is liquidated, ensuring fairness and consistency. Followers also have full visibility into performance metrics and trading history, enabling informed decision-making. These safeguards create an environment where traders can confidently replicate professional strategies. Structure of Profit Distribution The Copy Trading Gold&FX program operates under a clear profit distribution mechanism: Classic Plan: Focuses on Futures trading, with profit-sharing ratios deducted automatically from daily earnings. Excess deductions are refunded to followers, and profit shares are credited to Master Traders. Gold&FX Plan: Utilizes a High-Water Mark Mechanism, where profit sharing applies only when the account net value surpasses its previous peak. Bybit’s Copy Trading Gold&FX offers a structured pathway for traders to access professional strategies in traditional asset markets, fostering a balanced and transparent trading environment. #Bybit / #TheCryptoArk 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: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Contact Head of PR Tony Au Bybit tony.au@bybit.com CoinDesk