A rotating valve assembly includes an inner cup having at least one inlet port; an outer cup having at least one inlet port, the outer cup rotatably mounted concentric with the inner cup by a bearing arrangement; and a cooling system located between the inner cup and the bearing arrangement for providing a thermal barrier between the inner cup and the bearing arrangement. The valve assembly also includes a labyrinth sealing arrangement located around the at least one inlet port of one of the inner and outer cups for preventing leakage of pressure waves generated by detonations or quasi-detonations within a combustion chamber of the inner cup.