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Altcoin Season Nears: Index Jumps as Investors Seek Top Altcoin Opportunities in 2025

Altcoin season is a hot topic in the crypto space, marking a period when altcoins outperform Bitcoin. Typically triggered by capital moving from Bitcoin into alternative cryptocurrencies, altcoin season captures investor excitement with rapid gains in leading altcoin projects. One of the best ways to track this phenomenon is the Altcoin Season Index—a metric that measures whether a majority of the top 100 altcoins have outperformed Bitcoin over the past 90 days. If the altcoin season index is above 75, the market is officially in altcoin season; readings below 25 indicate Bitcoin dominance. Bitcoin’s recent run to a new all-time high of $123,180 has begun to cool, with capital and investor focus increasingly shifting towards altcoins. This backdrop sets the stage for wider altcoin growth. This analysis covers the latest altcoin performance, the newest technical signals, current catalysts fueling the trend, and the sectors most likely to benefit as the next altcoin season approaches. Latest Altcoin Performance: Leaders and Breakout Movers Altcoin season anticipation is rising as established tokens and fresh projects experience strong growth. As of July 21, 2025, Stellar (XLM) is leading the pack, surging 74% for the week to trade at $0.527. Cardano (ADA) is up 23% at $1.004, and Ripple (XRP) has gained 21% this week to reach $3.92. Dogecoin (DOGE) remains a retail favorite, now at $0.329 after a 16% increase. Among innovative altcoins, Sei (SEI) reached $0.416 after a 27% jump, while Ethena (ENA) sits at $0.548, rising 21% over seven days. These gains underscore the market’s renewed appetite for both legacy and emerging altcoins. Research from Delphi Digital notes that well-established coins like ADA, XLM, and XRP have even outperformed recent “hot topic” tokens in themes like AI and DePIN since the start of 2024. This rotation hints at both retail and institutional investors returning to proven projects as the possibility of a widespread altcoin season looms. Technical Analysis: Shifting Market Structure The altcoin season index trend is supported by clear shifts in technical and market structure. Bitcoin dominance has fallen to 48.2% (down from 53% in June), often a precursor to altcoin season as more capital chases returns in the broader altcoin market. The TOTAL3 index, which tracks the cumulative market cap of all crypto assets except Bitcoin and Ethereum, has entered what analysts call “Banana Zone 2.0”—a stage common before explosive altcoin rallies. Source: Techflow Trading volumes for major and mid-tier altcoins have climbed 23% month-over-month, highlighting not just speculation but an uptick in actual usage and inflows. Ethereum is stabilizing near $3,089, and the ETH/BTC pair remains firm around 0.025. A breakout in this pairing historically signals acceleration for an altcoin season. Key Catalysts for Altcoin Season 2025 The environment is primed for an altcoin season, with several catalysts converging. First among them is the surge of institutional adoption via spot Bitcoin and Ethereum ETFs, driving new liquidity into crypto markets. As ETF capital diversifies, altcoins—especially those pegged as next in line for ETF inclusion like Solana (SOL), which jumped 13% this week to $238—are seeing rising demand. Technological upgrades such as Layer 2 innovations (Arbitrum, Optimism, and more) are reducing fees and speeding up networks, making DeFi, NFTs, and other crypto applications more accessible and attractive. The market is also responding to new narratives, including blockchains integrated with AI, rapid growth in real-world asset (RWA) tokenization, and the rising popularity of blockchain gaming. Sectors to Watch for the Next Altcoin Season Certain sectors are positioned for significant gains if the altcoin season index continues higher. Enterprise-grade tokens are gaining adoption as balance sheet reserves; Solana’s fast, scalable network is leading in both RWA and DeFi integration. Tron (TRX) is vital for stablecoin settlements, with USDT circulation on Tron now above 50%. ETF-linked tokens like SOL, XRP, DOGE, ADA, and others are drawing in speculative and institutional capital, fueled by strong ETF inflow trends (Bitcoin ETFs now manage over $150 billion, and Ethereum ETFs more than $15 billion). The RWA sector is booming, with protocols like BlackRock’s BUIDL fund, Ondo, and Centrifuge collectively managing billions in tokenized real-world assets. Chainlink provides the core oracle tech for this wave, bridging traditional finance with crypto settlements. Decentralized finance (DeFi) is thriving, with Q2 2025 DEX volumes hitting $876 billion—a 6.2% jump from the last quarter. Major DEX platforms like Uniswap, PancakeSwap, and Raydium are driving ecosystem activity, exemplified by viral movements in Solana’s Letbonk.fun, which propelled BONK and RAY prices higher. Stablecoins have reached a legal milestone with the passage of the GENIUS Act on July 19, 2025, confirming their regulatory clarity in the US. These assets are now at the center of on-chain and institutional finance, acting as key units of account and bridges across DeFi and RWA protocols. Conclusion: Altcoin Season Outlook and Strategic Insights The current altcoin season index may not confirm a historic altcoin season yet, but all signs point to an impending shift. Declining Bitcoin dominance, rising altcoin volume, surging DeFi activity, and regulatory wins for stablecoins and ETFs are setting the stage for a potential altcoin market breakout. To capitalize on this trend, investors should closely monitor changes in the altcoin season index, track new ETF approvals, follow the momentum in DeFi and RWA, and stay informed on upcoming regulatory changes. Altcoin season is building momentum, and those prepared will be well-placed to benefit as 2025’s altcoin opportunities unfold.

Frax community approves frxUSD stablecoin backed by BlackRock's BUIDL

According to RWA.xyz, BlackRock's USD Institutional Digital Liquidity Fund has over $648 million in assets under management. The Frax community has voted to pass FIP-418 to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. According to the proposal, which passed unanimously after six days of voting, the tokenized fund provides potential yield-bearing opportunities for frxUSD holders. Counterparty risk is also minimized by collateralizing the stablecoin with a fund from BlackRock, which has over $10.4 trillion in assets under management. The Frax community’s decision to use BUIDL as collateral for the upcoming stablecoin is part of a broader trend to create yield-bearing stablecoins that provide holders with financial rewards. Source: CoinTelegraph Futures Market Updates BTC's slight upward movement resulted in sustained bullish sentiment. Bitcoin Futures Updates Total BTC Open Interest: $58.46B (+0.65%) BTC Volume (24H): $68.33B (+38.64%) BTC Liquidations (24H): $14.05M (Long)/$26.58M (Short) Long/Short Ratio: 50.05%/49.95% Funding Rate: 0.0104% Ether Futures Updates Total ETH Open Interest: $24.35B (+2.89%) ETH Volume (24H): $26.78B (+38.05%) ETH Liquidations (24H): $10.64M (Long)/$10.43M (Short) Long/Short Ratio: 50.11%/49.89% Funding Rate: 0.0101% Top 3 OI Surges ZEREBRO: $14.34M (+143.97%) FUEL: $6.72M (+119.22%) MAGIC: $21.57M (+109.16%)

Real-World Assets (RWAs) Unpacked

If you're scratching your head wondering what all the buzz is about, you've come to the right place. Think of this as your friendly guide to understanding real-world assets (RWAs) in a way that won't make your eyes glaze over. We're talking about bridging the gap between the physical world and blockchain, making tangible assets more accessible, and why big players like BlackRock are getting all excited about it. What Are RWAs? Let's say you own a piece of artwork, a chunk of gold, or even a piece of real estate. Pretty straightforward, right? Now, imagine you could take those physical assets and turn them into digital tokens that you can buy, sell, or trade online just like you do with cryptocurrencies. That's the magic of Real-World Assets (RWAs) in the digital space. RWAs are essentially physical, tangible assets with 'real' value — like real estate, gold, fine art, or even carbon credits — that have been digitised and can be traded on the blockchain. This digitisation process, known as tokenisation, breaks down these assets into digital tokens, making them easier to trade and invest in, even in fractional amounts. It's like owning a piece of the pie without needing to buy the whole pie. How Do RWAs Work? The process of turning real-world assets into RWAs is a bit like creating a digital twin for your physical assets. It involves three main steps: off-chain formalisation, information bridging, and demand and supply within RWA protocols: (1) Off-chain formalisation: Before anything else, the real-world asset has to be legitimised in the physical world. Its value, ownership, and legal status need to be unequivocally established. This is where we consider market price, ownership history, and legal documentation. Think of it as setting the stage before the asset goes digital. (2) Information bridging: Next up, the asset's data is converted into a digital token through tokenisation. This token carries all the essential info about the asset—value, ownership, etc.—in its metadata. The blockchain’s transparency ensures anyone can verify the token's legitimacy. In scenarios where assets fall under regulatory watch, this phase incorporates regulatory technologies to maintain compliance. (3) RWA protocol demand and supply: This is where DeFi protocols focused on RWAs come into play in that they help to introduce new RWAs to the market and stimulate investor interest in them. In a nutshell, the asset is first evaluated and verified for its authenticity and value, then represented as a digital token on the blockchain, with each token reflecting a portion of the asset's value. RWAs, therefore, allow you own a digital share of a Picasso painting or a slice of a commercial building without physically holding the asset. RWAs Redefine How We Interact With And Perceive Value In The Financial World One major advantage of RWAs is fractionalisation, meaning individuals can now own fractions of many assets that are indivisible in the real world. By doing so, RWAs are lowering barriers to entry for average investors, enabling broader portfolio diversification without requiring substantial initial capital. At the same time, the digisation of real-world assets is meant to enhance liquidity for those traditionally illiquid. Assets such as real estate and art can be easily traded on secondary markets, providing sellers with quicker access to capital and offering buyers more opportunities for investment and exit strategies. The blockchain's inherent transparency and security further bolster this new asset class, with each transaction and ownership change recorded on a public ledger and tamperproof. This level of transparency diminishes the risk of fraud, increases trust, and could significantly decrease the costs associated with verification and due diligence processes. In a sense, the concept of asset ownership is also evolving with RWAs. Digital tokens representing a share of an asset's value change the traditional notion of ownership, making it more inclusive and adaptable. This shift in perception allows for a broader range of individuals to participate in asset ownership, aligning with individual financial capabilities and goals. Moreover, RWAs can act as a conduit between TradFi and DeFi by merging the stability and value of real-world assets with the efficiency and innovation of DeFi. This interconnection not only introduces real-world economic value into the DeFi ecosystem, making it more robust, but also allows traditional financial markets to leverage DeFi's efficiencies for asset management and accessibility. When used as collateral for loans in the DeFi ecosystem, RWAs facilitate real-time asset management and financing, thereby have the ability to transform asset leveraging for financial growth, offering quicker and more efficient processes compared to traditional methods. And don't forget that the nature of DeFi and blockchain in general is borderless, which means that the global accessibility provided by RWAs enables investment in diverse assets worldwide and thereby helps to not only diversify investment portfolios but also democratise access to investment opportunities across different regions. We have to admit that these developments are challenging traditional investment and ownership models, paving the way for a more inclusive and interconnected financial future. From a crypto advocate's perspective, RWAs bring stability, variety, and new opportunities for investments, making the volatile crypto market more appealing to traditional investors who prefer something tangible behind their investments. BlackRock Is In BlackRock's recent foray into the realm of RWAs marks a pivotal moment in the convergence of TradFi and DeFi. This venture, spearheaded through the launch of the BlackRock USD Institutional Digital Liquidity Fund on Ethereum, not only showcases the asset management giant's acknowledgment of blockchain technology's potential but also signifies a major stride towards integrating digital assets within the established financial ecosystem. The fund, represented by its blockchain-based BUIDL token, leverages cash, U.S. Treasury bills, and repurchase agreements to provide daily yields to token holders, effectively marrying the stability of traditional assets with the innovation and efficiency of blockchain technology. The implications of BlackRock and other TradFi behemoths venturing into the digital asset tokenisation space are profound. It promises to inject significant liquidity, driving development, innovation, and stability, and addressing valuation concerns of tokenised assets, while TradFi players joining the space is expected to spur clearer, supportive regulatory frameworks as they will push for regulations that foster rather than hinder blockchain-based financial products. This regulatory progress is key for reducing risks and building investor trust, thus fast-tracking digital assets' mainstream integration. Additionally, collaborations between BlackRock and blockchain firms highlight the need for synergy between traditional finance and blockchain, essential for creating platforms that are secure, compliant, and user-friendly. This trend towards integration indicates a future of mutual learning and potentially more investments and partnerships aimed at leveraging blockchain technology in financial services, marking a significant step towards bridging traditional finance with the digital asset space. Closing Thoughts The integration of RWAs into the crypto space represents a fascinating evolution of both traditional and decentralised finance. As these two worlds continue to converge, the potential for innovation and growth seems limitless. With the backing of TradFi giants like BlackRock and the ingenious use of blockchain technology, RWAs stand poised to reshape our understanding of investment, ownership, and the very fabric of financial markets. Whether it’s owning a piece of a skyscraper or a fraction of a masterpiece painting, the future of investing is here, and it’s more accessible, stable, and interconnected than ever.

Bitget Hot Takes (July 17 - July 23)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts. The latest Bitget Hot Takes can be found here. Central Themes • XRP flipped BNB to become the fourth largest cryptocurrency by market cap. • OpenAI CEO's Worldcoin (WLD) will launch on Bitget today, July 24, at 8:00 AM (UTC). • The Twitter account of Uniswap’s founder Hayden Adams was hacked. • Signs of altseason in Q3 following the XRP ruling. BGB Is Seeing A Positive Divergence As both the global market cap and BTC price didn’t succeed in breaching resistance levels, most cryptocurrencies landed in red, except for Ripple (XRP). The ruling clearly has a positive impact on the token, helping it secure the 4th place on the list of biggest cryptocurrencies by market cap. Despite the recent burn that is worth ca. US$480 million, BNB still lost another 5% of its value this week. BGB prices also experienced some further decline, though, ranging between as low as US$0.451967 and US$0.473984. However, the Accum/Dist line doesn’t show any signs of new troughs at all, meaning the current downward movement of BGB shouldn’t last long. BGB's volatility increased over the last seven days because of lower prices, but still suggesting better stability than XRP and BNB. However, BGB’s liquidity has been maintained at 0.02, only lower than that of XRP and ETH. That means buying and selling activities with regards to this token weren’t affected by the recent stall, and they clearly show better resistance to outside noises than Bitcoin. Here's a recap of BGB activities from July 10 to July 14, 2023: Check out our BGB Sail Series to see how impressive BGB monthly performance is: BGB Sail: June Edition BGB Sail: May Edition BGB Sail: April Edition BGB Sail: March Edition BGB Sail: February Edition BGB Sail: December Edition BGB Sail: November Edition BGB Sail: October Edition BGB Sail: September Edition BGB Sail: August Edition BGB Sail: July Edition BGB Sail: June Edition BGB Sail: May Edition On a side note, recent data shows that BGB has become, once again, the exchange token with the highest potential. The disproportionate growth between BGB value and Bitget makes room for BGB to soar higher - are you ready? Altseason Q3 This Year? Despite the fact that Bitcoin hasn’t been able to hold on the US$31,000 mark, data from Glassnode shows that the number of new Bitcoin addresses a.k.a. ‘unique addresses that appeared for the first time in a transaction of the native coin in the network’ achieved new yearly highs on July 16 and July 18 at 544,678 and 547,534, respectively. Meanwhile, the total number of Bitcoin ordinal inscriptions has increased to 19,079,230 as of 0:00 July 24, which is equal to a rise of nearly 7% from 17,834,780 on July 17, per Dune Analytics. Learn more about Bitcoin ordinals with Bitget Academy: What Are Bitcoin Ordinals? There have been four key events that (almost) guarantee the end of a bearish cycle, including BlackRock’s change of heart on Bitcoin, followed by their Spot Bitcoin ETF application, XRP not labelled as a ‘security’ per the latest court ruling in Ripple’s case against the SEC, positive U.S. inflation data in June, and last but not least, the fear greed index consistently showing Greed since June 20. Now again comes the daily question of what we are buying today. Winter is almost over, there is no need for investors to hold tight on staples and stables and no need for developers to take a cautious approach to product rollouts. We are witnessing the (re-)surge of familiar names such as ChainLink (LINK), Axelar (AXL), Synthetix (SNX) and Uniswap (UNI). The former two are leading infrastructure providers and the latter top DeFi blue chips, which implies the rise of buidl-ers, once again. And that could very well lead to a new altseason in Q3, especially when Bitcoin dominance seems to continue to go down. The Latest Bitget News Are you an avid reader of Bitget Academy? Are you confident with what you have acquired from our knowledge bank? Participate in our completely new event to share 1,000 BGB prize pool - the rules are explained here! So excited to see how we have grown together! What’s new on Bitget, too? Of course the mighty Bitget Crypto Loan - through which any user can get instant access to more funds! Bitget Crypto Loan currently accepts BTC, ETH, USDT, XRP, LTC and BCH as collateral for the borrowing of 15+ assets. For a detailed guide on how to start borrowing right away, check out our Introduction to Bitget Crypto Loan! The biggest talk of the town is dropping on Bitget today: Worldcoin (WLD), a project founded by OpenAI's CEO Sam Altman, will be available for trading on Bitget Spot Trading on July 24, 2023 at 8:00 AM (UTC)! For spot grid traders, WLD/USDT will be available 24 hours later or July 25, 2023 at 8:00 AM (UTC) here! We have had several initial listings last week, all of which resulted in new extraordinary daily gainers: SALD/USDT (+760.5%), PC/USDT (+151.4%), UNIBOT/USDT (+146.9%) and WAGIEBOT/USDT (+129.0% on July 21 and +47.5% on July 23). Other awesome deals include ARKM/USDT (+1,233.7%), MOG/USDT (+255.4%), L/USDT (+203.6%), BITCOIN/USDT (+201.1%), PSI/USDT (+141.0%), QUICK/USDT (+111.8%) and SHIB2/USDT (+103.4%). Bitget Futures Markets saw a rise of 3.8% for the average crypto OI and 2.1% for the average Bitcoin OI in the last 7 days, meaning Bitcoin dominance on the futures market has fallen by another 1.6% on average, totally in line with the drop in Bitcoin dominance on the global market. Bitget Rewards Center has been upgraded! New users can now get up to 5,027 USDT for free and earn an additional bonus when you log in to your account daily. Sign up immediately to get the most out of our promotion campaign! New Events Worldcoin (WLD) has been listed on Bitget — come and grab a share of $25,000 in WLD! 50% Off Special Deal : Buy crypto with credit/debit card now! 80,000 BGB Giveaway! Deposit EUR or GBP Now! 80,000 BGB Giveaway! Deposit BRL Now! Bitget Builders Million Fans Program：Share the $5,000 Welcome Bonus Win the MacBook Air Be a #BitgetAcademyLearner, Prize Pool of BGB 1000! Invite friends to Earn and get a 20% rebate! Bitget Will List Mog Coin (MOG) in the Innovation and Meme Zone EML Protocol (EML) to be listed on Bitget — grab a share of the 11,000 EML prize pool! [Initial Listing] Bitget Will List YouSUI (XUI) in the Innovation Zone and DeFi Zone YouSUI (XUI) Savings is Live! Subscribe Earn up to 100% APR ! [Initial Listing] Bitget Will List Unibot (UNIBOT), Wagie Bot (WAGIEBOT) and Bridge Bot (BRIDGE) in the Innovation and BOT Zone Good Reads Understanding the 2023 Litecoin Halving: An In-depth Analysis What Is EML Protocol (EML) 3 Trends That Will Accelerate Crypto Adoption in 2023 and Beyond What is the Future of Blockchain in 2023? Simply create an account, and start exploring the incredible Bitget-Verse today!

Crypto Trading Terminology for Beginners

To new investors, cryptocurrency trading is perplexing. While the professionals may disagree, when asked about their first day at work, most will have second thoughts. Don’t worry. Crypto investing is not rocket science. We are going to make it simple. Consider these quick terms to help you accelerate your crypto trading journey. Let’s get started! More blockchain terms can be found here. A Arbitrage Crypto arbitrage trading is a financial strategy that involves buying and selling cryptocurrencies and profiting from any price differences between the exchanges where the cryptocurrencies are traded. All-time high (ATH)/ All-time low (ATL) This is the highest or lowest price that has ever been paid for a specific asset. Ask price what buyers are willing to pay for an asset. Average Directional Index (ADX) Regardless of the trend's direction, the ADX is used to gauge its strength. Accumulation/ Distribution Line The accumulation/distribution (A/D) line examines where the price is closed within the period's range and multiplies that figure by volume to determine the supply and demand of an asset or security. Since the A/D indicator is cumulative, its value is added to or deducted from the previous period's value. B Bid Price The bid price is the price at which people are attempting to sell an asset. Bull 9564d25b-cb05-4efb-b075-35332e25abb4 A bull market is defined as a period in which market prices are generally trending upward and public perception is positive. Bear market A bear market is the inverse of a bull market, with negative expectations as market prices appear to be falling. Buy order / Sell order Buy orders, also known as bids, are created when a person wishes to purchase an asset at a specific price. When someone wants to sell an asset at a specific price, they place a sell order, also known as an ask. Buy The Fucking Dip (BTFD) The volatility of cryptocurrencies is their biggest drawback. Their value fluctuates frequently, causing them to routinely dance between highs and lows. BTFD, or Buy The Fucking Dip, is a risky strategy for the unwary crypto investor. It's all about buying whenever the cryptocurrency falls. The sole goal is to maximize the crypto amount for a given sum in the hope of making large profits in the future. BUIDL Like "HODL," BUIDL is a technical term. It alludes to a cryptocurrency investing approach whereby investors are required to actively develop and add to the current system to raise its status. Though BUIDL is not as well-known as HODL, it is nonetheless frequently employed by different groups within the crypto world. C Copy Trading Copy trading describes the practice of investors taking positions in the futures market that are identical to those of other investors (often regarded as professional traders or experts). Crypto Portfolio A trader or investor's collection of cryptocurrencies is known as a crypto portfolio. Altcoins and crypto-financial products are frequently included in portfolios together with a variety of other assets. Candlestick Chart A candlestick chart is a collection of multiple candles used by traders to forecast price movement in any market. Centralized crypto exchange Centralized refers to a crypto exchange that was built and is run by a business. These exchanges are seen as centralized since a single organization controls all transactions, and establishes the exchange's guidelines, and fees. For example, Bitget Exchange. Correlation A statistical measure called correlation is used to show the direction and intensity of a relationship between two sets of data. These two sets of figures are often the prices of two assets, such as stocks, commodities, currencies, market indexes, or cryptocurrencies, in the context of finance. Coin-Margined Futures A kind of derivative known as COIN-Margined Contracts derives its value from the underlying cryptocurrency it represents. These financial instruments provide another opportunity to experience cryptocurrencies without really owning any of them. D Do Your Own Research (DYOR) Do Your Own Research. This is frequently used as a warning to other investors by cryptocurrency influencers, reminding us that there is no better substitute for due diligence than our own research. It is important to remember that cryptocurrency influencers and media outlets may have different motivations and objectives. Day Trading Day trading in securities is the practice of buying and selling financial instruments on the same trading day. Dollar-Cost Averaging (DCA) Regardless of price, dollar-cost averaging is investing the same sum of money in a target security at regular intervals over a predetermined length of time. Investors can lower their average cost per share and lessen the effect of volatility on their portfolios by employing dollar-cost averaging. E ERC-20 ERC-20 is the most widely used crypto-token standard, and it is used on the Ethereum network. It makes it simple for developers to create digital currencies that are immediately compatible with existing infrastructure. ERC-721 This is the Ethereum network's non-fungible token (NFT) standard. It enables the creation of one-of-a-kind, non-counterfeitable tokens. It can be used to tokenize real-world unique items or to create digital collectibles and gaming items. Ethereum Virtual Machine (EVM) A worldwide blockchain-based computer is essentially what the Ethereum Virtual Machine, or EVM, is. It gives programmers a runtime environment in which to build decentralized, trustless apps for the Ethereum network. F Fiat Fiat money is money that exists within the traditional financial ecosystem. The euro and the US dollar are examples of fiat currencies. Working with fiat currencies in the blockchain landscape typically necessitates entrusting your funds to a centralized central entity. Fear of Missing Out (FOMO) The fear of missing out, FOMO is a form of social anxiety caused by the perception that others are having fun or reaping the benefits of an event while the person experiencing FOMO is not. In the crypto market, it usually refers to watching non-owned tokens experience explosive price increases. FUD Fear, uncertainty, and doubt—usually refer to information that is likely to lead to a pessimistic view of the market. Fundamental analysis (FA) A method of determining the worth of an asset and forecasting its future performance. In the context of crypto projects, it considers factors such as a product's technological and innovative value, the team behind it, or the token distribution model and its use cases. Futures Trading Futures trading is a method of speculating on the value of assets such as cryptocurrencies without actually owning them. Cryptocurrency futures, like commodity or stock futures, allow traders to speculate on the future value of a digital currency. G Grid Trading Grid trading is the process of placing orders above and below a predetermined price, resulting in a grid of orders with incrementally increasing and decreasing prices. The foreign exchange market is most commonly associated with grid trading. H High/Low In the context of a 24-hour trading cycle, high refers to the highest price reached by Bitcoin or any other asset in a 24-hour period. Meanwhile, low refers to the lowest price attained by a specific asset during the 24-hour trading cycle. Halving The block reward for Bitcoin mining is reduced by 50% at each halving occasion. A halving occurs after 210,000 blocks have been mined since the previous one, which occurs roughly every 4 years. The Bitcoin network began with a 50 BTC block reward and is now at a level of 6.25 BTC per block after three halvings. HODL HODL refers to the act of not selling your cryptos, which is frequently counter to the current market trend. By HODL, the user attempted to distinguish between the weak hands, who sell at the first signs of a slide, and the smart hands, who can price the market accurately. In the middle is a regular trader who only HODLs. I Impermanent Loss An opportunity cost is a better way to define an impermanent loss. Impermanent loss happens when you provide liquidity to a certain pool and the value of your assets in the pool changes. K K-line A K-line depicts the daily variation in stock prices; in addition to displaying the close price, open price, high price, and low price for the day, it also highlights the size of any price differences. KDJ indicator A technical indicator called the KDJ indicator is used to evaluate and forecast changes in stock trends and price patterns in a traded asset. The random index is another name for the KDJ indicator. It is a very useful technical indicator that is frequently applied to short-term stock/crypto market trend analysis. L Linear Display The line ar price scale, also known as arithmetic, represents price on the y-axis by using equidistant spacing between the designated prices. Ledger A ledger is a transactional database. The ledger in the context of cryptocurrencies is the transaction history of a specific cryptocurrency as stored on the blockchain. Liquidity There are two types of liquidity. It is most commonly used to describe the ability of a cryptocurrency to be freely purchased and sold. It can refer to the number of cryptocurrencies available for trading on a decentralized exchange's liquidity pool. Limit order It is an exchange order to buy or sell an asset at a specific price or better. A buy order will execute at the target price or lower. A sell order will execute at the target price or higher. M Margin trading It is a trading strategy that involves the use of borrowed funds. When compared to traditional trading, it allows traders to leverage their positions and maximize their profits while also exposing them to higher risks. Margin mode: Isolated Margin vs. Cross Margin Cross Margin: When two open positions using the same settlement cryptocurrency are involved, the margin is shared. To avoid liquidation, a position may, when necessary, draw more margin from the total account balance of the relevant cryptocurrency. Isolated Margin: A position's allotted margin is limited to a certain amount. Market cap Market Capitalization. The total value of an asset and its market is represented by the asset's price multiplied by its circulating supply. It is frequently used to assess the success of a project. Mining pool A mining pool is a collection of miners who have pooled their computing or hashing power. Because miners in proof-of-work blockchains compete to be the first to create new valid blocks, pooling can assist these participants in increasing or balancing their mining profits. Moving Averages (MA) An indicator that is widely employed in technical analysis is the moving average (MA). It creates a continuously updated average price to assist smooth out pricing data. A currency is in an uptrend if its moving average is increasing, whereas a downtrend is indicated by a dropping moving average. MVRV Z-Score The MVRV Z-Score for bitcoin is based on two values: its market value (price divided by the total quantity of bitcoin) and its realized value (what each coin was last sold for). The Z-score methodology can help you determine when it is a good time to purchase or sell bitcoin depending on whether it is trading above or below its price. N Network fees To ensure that your transaction is processed on the Bitcoin or Ethereum network, you must pay a network fee. The fee is used as an incentive to reward network participants, such as miners and validators, for processing transactions and assisting in the network's security. Network Value to Transaction Ratio (NVT Ratio) The NVT (Network Value to Transaction) indicator shows how the volume of transfers and market capitalisation relate to one another. The price-to-earnings (PE) ratio of cryptocurrencies is a common name for it. P Paper wallet A paper wallet is a cryptocurrency wallet that is physically stored on paper. The goal of these wallets is to minimize private key exposure. This is a type of "cold storage," in which private keys are not accessible to any internet-connected device that could be hacked or attacked. Paper wallets are widely regarded as an unsafe way to store your cryptocurrency today because they require the use of a centralized website and GUI (graphical user interface)—which are just as insecure and vulnerable to attack as any other centralized service. R Return on Investment (ROI) Return on investment (ROI) is a monetary metric used to evaluate the effectiveness of asset investment. It serves as a gauge of how much more valuable your investment has become over time. Relative Strength Index (RSI) Relative strength index (RSI) is a momentum indicator that shows when an asset or cryptocurrency is overbought or oversold. In a nutshell, RSI is an oscillator that determines the high and low bands between two opposing values while also calculating the amount and pace of price variations. S Spot Trading Spot trading involves purchasing and selling cryptocurrencies at current market rates in an effort to turn a profit. Stake Locking up cryptocurrency holdings to collect rewards or interest is a technique known as crypto staking. Shorting Selling a cryptocurrency with the intention of later buying it back at a cheaper price is known as cryptocurrency shorting. Social trading A form of investment known as "crypto social trading" enables investors to copy the trading methods of more seasoned cryptocurrency traders. Support and resistance Support and resistance are price points (areas in graphs) on trading charts that see a lot of buying and selling activity. A level at which an asset's price stops dropping is referred to as support. Whereas resistance is the point at which the price of an asset ceases to rise. T Tokenomics The economics of a token is referred to as tokenomics. It outlines the elements, such as token production and distribution, supply and demand, incentive systems, and token burn schedules, that affect a token's use and value. Technical analysis (TA) Technical analysis is the process of analyzing price charts and using various market indicators to determine the market's state. This is a complex subject for expert traders who want to use technical analysis to their advantage when predicting future market movements. Testnet Smart contract platforms such as Ethereum and Binance Smart Chain provide developers with a testing environment, known as a testnet, in which they can deploy and test smart contracts. These testing environments typically operate in the same manner as the main network, but the cryptocurrencies used are worthless and can be obtained for free from a testnet faucet. Token Tokens are typically used to describe tokens that have been issued by deploying a smart contract to the Ethereum blockchain, as opposed to coins. Thousands of tokens exist today, and many of the top 100 cryptocurrencies by market cap are Ethereum tokens. TradingView TradingView is a social network and multi-platform charting service for traders and investors. It allows users to monitor the price charts of hundreds of different assets, including cryptocurrencies, as well as share and discuss their market ideas. U Unspent transaction output (UTXO) In cryptocurrency networks, wallet balances are not stored as variables, such as a balance of 100 BTC. Instead, they are derived from several UTXOs, which are essentially units of unspent cryptocurrency left over from the sum of all transactions performed on the wallet. The total of an address's UTXOs equals the wallet's available balance. Unit price A crypto unit price is the price per each cryptocurrency. USDT-Margined / USDC-Margined Futures One type of digital asset derivative is the USDT/USDC-margined contract. Depending on their own opinion, users can profit from the growing or declining value of digital assets by taking long or short positions. Denominated in USDT, Bitge t USDT-margined contract includes USDT-margined and USDC-margined futures. V Validators Validators are blockchain network participants who verify incoming transactions. Validators, who are used in proof-of-stake platforms instead of miners, help to maintain the integrity and security of a blockchain while receiving rewards for their efforts. The network selects validators to validate new blocks based on the amount of cryptocurrency they have staked in the network. Volatility Volatility, the inverse of stability, refers to an asset's proclivity to fluctuate in price. Bitcoin and other cryptocurrencies are notoriously volatile, as is to be expected in such a young market, and this can be the primary drawback for crypto traders. W Wallet Cryptocurrency owners use wallets as tools to manage their private keys and as a transactional interface. Wallets can be custodial or non-custodial today, and they are available as hardware and software. Here, the essential point is whether or not the user still has complete control over their private key. Whale A "whale" is a colloquial term for major players in the cryptocurrency markets, ranging from institutional investors to hedge funds or wealthy individuals. Y Yield Farming Yield farming is the practice of lending or staking cryptocurrencies in exchange for benefits like interest. In order to calculate their returns, yield farmers use annual percentage yields (APY). Z Zero Confirmation A confirmed transaction that has not yet been recorded on a blockchain. 24-hour volume The quantity of coins that have changed hands within a specified period, often 24 hours, is the trade volume of a cryptocurrency. In other words, the value of all purchases and sells completed in a single day is reflected in a cryptocurrency's 24-hour trading volume. This was our humble attempt to explain some of the most frequently used crypto terms for beginners. Still, there is far too much to cover in a single article. However, we hope that these first few terms are sufficient to get you started on your crypto journey. Follow Bitget Academy for more crypto- trading insights: Twitter | Telegram | LinkedIn | Youtube | Facebook | Instagram

Bitget Hot Takes (April 10 - April 16)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts. Bitget Hot Takes last week can be found here. Central Themes • BGB growth cherished by crypto community. • U.S. CPI: +0.1% Month-over-Month; Bitcoin to US$30,000. • Ethereum Shanghai upgrade completed. • Hong Kong Web3 Festival. • Singapore High Court ruled against recognising crypto as money. • Aave exploited for nearly US$11 million, Bitrue for US$23 million. BGB Growth Cherished By Crypto Community BGB price range tightened a bit in the last 7 days, with weekly high up by 6.22%, weekly low by 6.52% and week-over-week return by 1%. However, BGB saw an awesome increase of over 10% on April 10, 2023, thus recognised as the biggest gainer of the day among the Top 200 cryptocurrencies by market cap. Source: CoinCodex BGB was also the only exchange token in the list of daily top gainers by CryptoDep on Twitter the same day. As summarised by crypto influencer GrizzlyCrypto, ‘investing in this coin is fun': BGB has had two consecutive weeks of increasing 7-day volume (27.8% and 28.8%, respectively) as well as higher weekly high (from US$0.409509 on March 29 to US$0.447168 on April 09 and US$0.474976 on April 10), not to mention the new all-time highs it has achieved in Q1 2023. The latest analyses provide a detailed summary of BGB’s incredible achievements month by month: BGB Sail: February Edition BGB Sail: December Edition BGB Sail: November Edition BGB Sail: October Edition BGB Sail: September Edition BGB Sail: August Edition BGB Sail: July Edition BGB Sail: June Edition BGB Sail: May Edition … while this article dives in deep on why BGB has become the new staple: Why BGB Is Your Bluechip Exchange Token ‘We Are So Back’: Bitcoin To US$30,000, Ethereum To US$2,000 The Hong Kong Web3 Festival took place from April 12 to April 15 with insightful discussions about the future of tokenisation and digital currencies, Web3 security and infrastructure and the institutionalisation of virtual asset investment. Hong Kong has been supporting the sustainable growth of Web3 ecosystem with new regulatory framework and a subsidy of HK$500 million to Cyberport. As a global player and Web3 keen supporter, Bitget sides with Hong Kong authorities with the launch of our new Bitget Web3 Fund, which aims to provide necessary funding and related expertise for VCs and startups, especially those that are Asian based. Details concerning terms and selection criteria will be announced soon - please reach out to us asap if you have any questions! Good news of the week? Fairly good U.S. CPI data, Bitcoin to US$30,000 and Ethereum Shanghai upgrade. U.S. CPI rose by 0.1% month-over-month in March, which translates to a 5% yearly increase - a figure still further above the Federal Reserve's 2% inflation target. But considering the continuing downward momentum of prices as demonstrated in the chart below, markets might expect the FED to adjust their rate hikes again towards a dovish tilt. Source: CNBC, U.S. Bureau of Labor Statistics Bitcoin prices soared from below US$28,000 at the beginning of the week to as high as US$30,979.32 on April 14 (two days after the U.S. CPI report). Investors were also full of anticipation for the Ethereum Shanghai upgrade, which occurred on the same day as the March CPI data and sent ETH price to US$2,123.35 on Friday as well. As a result, the global crypto market cap surpassed US$1.3 trillion for the first time since the Terra (LUNA) blowup. One bit of news important to keep up with is that the Singapore High Court refused to give cryptocurrencies, in this case USDC, the legal status of money. It is the main theme of the case between Algorand Foundation and the failed hedge fund Three Arrows Capital, where the former seeks a claim of 53.5 million USDT from the latter. The win of Three Arrows Capital against Algorand Foundation poses the question of regulatory clarity, especially when it comes to disputes over defaults and the status of cryptocurrencies. The Latest Bitget News The first IEO round of Q2 2023 - GoSleep (ZZZ) - is about to begin on the awesome Bitget Launchpad. Combining the unique Sleep-To-Earn concept with the power of Arbitrum, GoSleep is expected to be this year's mega project. Token swap for the GoSleep IEO is scheduled from April 17 - April 19 (see guidelines on how to participate here). Don't forget that ZZZ will be listed on Bitget Arbitrum Zone on April 17 - we strongly advise you to subscribe to not miss this opportunity! Spot Margin Trading is open for 9 out of 19 tokens currently listed on Bitget Arbitrum Zone, so there are high chances that ZZZ will also be added to Spot Margin Trading as well! Bitget Launchpad and Bitget Innovation Zone are the powerful duo offering endless earning opportunities for investors. We are constantly adding new options from these two to Bitget Flexible Savings - an investment product that allows you to redeem your assets at any time. Check out this event immediately and if you need guidance - we are here for you as always! One event to look forward to this week is the upcoming HOLD airdrop for KEY-holding BitKeepers! This airdrop is the second round of Bitget's unique 2023 airdrop plan. In the first round in early April, users have received KEY NFT(s) and they are about to receive more! Rules, terms and conditions are available in this blog post. New Events ARB Flexible Savings is Live! Earn up to 15% APR. Guaranteed Lottery Winnings: Win 5 ETH and an iPhone 14 Pro Complete Tasks to Claim up to 1500 BGB！Total 100,000 BGB to be Shared! Trade New Copy Trading Pairs to Split 20,000 USDT! 1+1 Friends! ARB, GPT, ID... These popular tokens are hot, hot, hot! Apply for Bitget Master: Share $2,000 Win iPhone 14 Pro! Safety Net for Copy Traders! Receive Compensation on Losses! Trade to share a $60,000 prize pool Deposit to List: Carbon Browser (CSIX) - Deposit and Share $25,000 CSIX Rewards! Bitget Will List Bittensor (TAO) in the Innovation Zone - Share $ 20,000 TAO Rewards! Bitget Will List Capsule Coin (CAPS) in the Innovation Zone - Share 1,428,000 CAPS + $30,000 CAPS Prize Pool 100,000 USDT Prize Pool! Bitget’s Copy Trade Competition is in full swing! Join the DEGEN net buying competition to grab a share of 20,000 USDT ChainGPT (CGPT) Savings is UP, Subscribe Earn up to 100% APR! 20,000 USDT to Celebrate New Spot Futures Copy Trading Pairs! DOGE trading celebration: grab a share of 50,000 BGB and 10,000 USDT! Win Exciting Spring Rewards, Grab a Share of 10,000 USDT Trade ETF products and split 20,000 USDT April Spot Margin Trading Events! Split up to 35,000 USDT! 15 USDT Trading Bonus for New Traders! Apply for Bitget Master: Share $2,000 Win iPhone 14 Pro! [Initial Listing]Bitget Will List ChainGPT (CGPT) in the Innovation Zone! Open mystery boxes and win up to 100,000 USDT in prizes! Get exclusive auto-invest strategy rewards and grab a share of US$10,000 BTC Trading Carnival： Share 50,000 USDT DEGEN Savings is UP, Enjoy up to 300% APR! XEN Crypto (XEN) Savings is UP, Subscribe Earn up to 13% APR! Join the Launchpad: Claim Up to 200 USDT + 50 BGB Bitget launches spot LSDETF — trade to grab a share of 20,000 LSDETF Launchpad Earnings Week, subscribe earn up to 20% APR! Play Token (PLAY) listed on Bitget — come grab a share of US$50,000 in PLAY and 20,000 USDT! [Initial Listing]Bitget Will List GoSleep (ZZZ) in the Arbitrum Zone Good Reads Bitget Annual Briefing 2022-23 : The Rational Path Ahead (Part 1) Bitget Annual Briefing 2022-23 : The Rational Path Ahead (Part 2) Bitget Annual Briefing 2022-23 : The Rational Path Ahead (Part 3) Introduction to Bitget Fixed Savings Trading 101: What Is Leverage Trading? Kickstart Your Trading Painlessly With Bitget One-Click Copy Trade The Shanghai Upgrade - Beyond the Sea of New Opportunities for Ethereum Users Maximizing Your Earnings with Bitget’s Spot Copy Trading Function: Tips and Tricks Crypto Wallet: A Beginner’s Guide DegenReborn: The Ultimate Text-Based Adventure Game for Meme-Lovers Relentlessly BUIDL: Bitget Goes Beyond Derivatives With The New $100M Web3 Fund Make Way! It’s Dogeday! Unraveling the Correlation Between the US Dollar Index (DXY) and Bitcoin: A Comprehensive Analysis ZkSync Era Mainnet Release - The Self-Proclaimed End-Game for Ethereum Scaling Simply create an account, and start exploring the incredible Bitget-Verse today!

Bitget Bites (April 12, 2023)

As of 3:30 AM (UTC), The Global Market Cap: US$1.22 Trillion (-1.17%) 24-hour Volume: US$42.70 Billion (-6.22%) Fear Greed Index: 65/Greed (Down From 68/Greed) Spot Market Updates Major cryptocurrencies: Asset Current 24h High 24h Low Price Change Bitcoin (BTC) $29991.0 $30532.0 $29900.0 -0.07% Ethereum (ETH) $1866.41 $1925.73 $1863.37 -2.79% Bitget Token (BGB) $0.4470 $0.4702 $0.4454 -3.70% Top 3 Gainers: Symbol Current 24h High 24h Low Price Change Tags No. 1 SLGUSDT $0.02893 $0.06 $0.02186 +39.03% GameFi, NFT No. 2 ZYBUSDT $1.359 $1.73 $1.28 +33.05% DeFi, Arbitrum No. 3 OPTIMUSUSDT $0.367864 $0.4396 $0.319688 +31.69% AI, Big Data, Meme Sign up to start trading some of the hottest assets safely and frictionlessly at Bitget! Futures Market Updates As of 3:30 AM (UTC), Crypto Futures Open Interest: $3.25 Billion (+3.15%) Bitcoin Futures Market: BTC Futures Open Interest: $2.15 Billion (+4.23%) BTC Open Interest Dominance: 66.32% Bitcoin Volume (24H): $155,442.00 (-19.57%) Funding Rate: 0.0094% BTC Long/Short Ratio: 55.31%/44.69% Sign up to start following some of our profitable investors in Futures Copy Trading at Bitget! Interesting Topics Maximize Your Crypto Earnings: A Beginner's Guide to Bitget Flexible Savings Bitget Innovation Zone Empowers Blockchain and Crypto AI With ChainGPT Listing Relentlessly BUIDL: Bitget Goes Beyond Derivatives With The New $100M Web3 Fund Trending Events Open mystery boxes and win up to 100,000 USDT in prizes! 100,000 USDT Prize Pool! Bitget’s Copy Trade Competition is in full swing! Join Win-Win-Win with ZZZ, 2,000,000 $ZZZ and $4,000 in BGB to Grab! 20,000 USDT to Celebrate New Spot Futures Copy Trading Pairs! Win Exciting Spring Rewards, Grab a Share of 10,000 USDT Trade ETF products and split 20,000 USDT Join the Launchpad: Claim Up to 200 USDT + 50 BGB Join the DEGEN net buying competition to grab a share of 20,000 USDT Apply for Bitget Master: Share $2,000 Win iPhone 14 Pro! Bitget Will List Play Token (PLAY) in the Innovation Zone [Initial Listing]Bitget Will List GoSleep (ZZZ) in the Arbitrum Zone Not a Bitget user yet? Sign up today for more insights and receive a $5005 reward!

Bitget Bites (April 11, 2023)

As of 3:30 AM (UTC), The Global Market Cap: US$1.23 Trillion (+4.13%) 24-hour Volume: US$45.53 Billion (+51.78%) Fear Greed Index: 68/Greed (Up From 62/Greed) Spot Market Updates Major cryptocurrencies: Asset Current 24h High 24h Low Price Change Bitcoin (BTC) $30019.0 $30397.0 $28224.0 +6.03% Ethereum (ETH) $1919.74 $1936.04 $1850.13 +3.28% Bitget Token (BGB) $0.4646 $0.4732 $0.4423 +2.46% Top 3 Gainers: Symbol Current 24h High 24h Low Price Change Tags No. 1 SYNUSDT $0.8181 $0.92 $0.7554 +20.55% Cross-chain No. 2 STOREUSDT $0.038906 $0.039612 $0.037041 +17.94% Investment No. 3 PRIME1USDT $1.661 $1.939 $1.542 +16.07% GameFi, Platform Sign up to start trading some of the hottest assets safely and frictionlessly at Bitget! Futures Market Updates As of 3:30 AM (UTC), Crypto Futures Open Interest: $3.15 Billion (+0.87%) Bitcoin Futures Market: BTC Futures Open Interest: $2.07 Billion (+1.61%) BTC Open Interest Dominance: 65.63% Bitcoin Volume (24H): $193,262.35 (+80.45%) Funding Rate: 0.0098% BTC Long/Short Ratio: 58.53%/41.47% Sign up to start following some of our profitable investors in Futures Copy Trading at Bitget! Interesting Topics GoSleep (ZZZ) on Bitget Launchpad: The Future of Health and Wellness Through Blockchain Technology Bitget Hot Takes (April 03 - April 09) Relentlessly BUIDL: Bitget Goes Beyond Derivatives With The New $100M Web3 Fund Trending Events 100,000 USDT Prize Pool! Bitget’s Copy Trade Competition is in full swing! 20,000 USDT to Celebrate New Spot Futures Copy Trading Pairs! Join the Launchpad: Claim Up to 200 USDT + 50 BGB DOGE trading celebration: grab a share of 50,000 BGB and 10,000 USDT! Win Exciting Spring Rewards, Grab a Share of 10,000 USDT Trade ETF products and split 20,000 USDT Join the DEGEN net buying competition to grab a share of 20,000 USDT Apply for Bitget Master: Share $2,000 Win iPhone 14 Pro! [Initial Listing]Bitget Will List GoSleep (ZZZ) in the Arbitrum Zone [Initial Listing]Bitget Will List ChainGPT (CGPT) in the Innovation Zone! Not a Bitget user yet? Sign up today for more insights and receive a $5005 reward!

Bitget Hot Takes (April 03 - April 09)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts. Bitget Hot Takes last week can be found here. Central Themes • BGB outperformed the Top 3 biggest crypto, with the weekly high up by nearly 10%. • All eyes on the U.S. CPI data release on April 12. • Hong Kong is ready to become the world's largest space for Web3 innovation. • Justin Sun, no longer Grenada's WTO representative, is rumoured to be selling his Huobi's stakes. • Binance Australia derivatives licence revoked, Binance US relationships with local banks broken. • SushiSwap hacked, losses totalling more than US$3 million. BGB Outperformed The Top 3 Biggest Crypto - Again Bitcoin failed to break through US$29,000, lost the momentum and receded, with several trading experts expecting a drop to US$27,000. Similarly, with the not-so-good news regarding Binance's CEO and branches, BNB also suffered some further losses this week. Meanwhile, Ethereum saw a minor uptick of 1.5%, which is equivalent to one-fourth of the increase experienced by BGB. The weekly high of BGB rose by 9.20%, weekly low by 3.06%, so there should be more room to manoeuvre. 7-day volume of the token is also up by 27.8%; demand is possibly boosting because of the upcoming IEO on Bitget Launchpad: GoSleep (ZZZ) on Bitget Launchpad: The Future of Health and Wellness Through Blockchain Technology The latest analyses provide a detailed summary of BGB’s incredible achievements month by month: BGB Sail: February Edition BGB Sail: December Edition BGB Sail: November Edition BGB Sail: October Edition BGB Sail: September Edition BGB Sail: August Edition BGB Sail: July Edition BGB Sail: June Edition BGB Sail: May Edition … while this article dives in deep on why BGB has become the new staple: Why BGB Is Your Bluechip Exchange Token Hong Kong Is Ready To Become The World's Largest Space For Web3 Innovation The upcoming Hong Kong Web3 Festival (April 12 - April 15) serves as a proof of global recognition for Hong Kong's vision and development strategy on the subject of Web3. The Hong Kong Financial Secretary Office has announced a subsidy of HK$500 million to Cyberport to support the growth of the Web3 ecosystem here, introducing a new regulatory framework regarding virtual asset services providers as well as studying the regulation of stablecoins - all for a thriving digital space's secure foundation. As a global player and Web3 keen supporter, Bitget sides with Hong Kong authorities with the launch of our new Bitget Web3 Fund, which aims to provide necessary funding and related expertise for VCs and startups, especially those that are Asian based. Details concerning terms and selection criteria will be announced soon - please reach out to us asap if you have any questions! Binance went through another rough week with rumours of an Interpol Red Notice for CZ (which has been denied by the exchange), a reported fallout with the U.S. banks and a licence cancellation by the Australia regulators. The WSJ says that BinanceUS is having trouble finding new banking partners after Silvergate and Signature went out of business. Sources mention names of the Cross River Bank and Customer Bancorp Inc., both of whom seemed to have denied services to Binance's US branch due to regulatory risk. As a result, local customers may experience wire deposit, ApplePay and GooglePay deposit and withdrawal interruptions for the time being. Binance has applied for the cancellation of their Australian derivatives operations, according to the Australian Securities and Investments Commission (ASIC). While their spot activities remain normal, all users' derivatives positions will be closed by April 21. Rumour has it that CZ was offered Justin Sun’s ownership stake in Huobi, but turned it down eventually as Huobi appears to have close ties to China. Binance refused to comment on the news and Tron's founder publicly denied the rumour on his Twitter. The week came to an end with the SushiSwap hack. An approval bug in SushiSwap's RouteProcessor2 allows an unauthorised someone to steal tokens from the protocol's users. DeFiLlama expert 0xngmi says that ‘only those that swapped on SushiSwap in the last four days are impacted', and The Block Research team discloses that at least 190 Ethereum addresses and 2,000 Arbitrum addresses have approved the mentioned contract. The most unfortunate victim so far is 0xSifu on Twitter with US$3.3 million in assets drained from his wallet. The Latest Bitget News Bitget has launched a new US$100 million fund known as the Bitget Web3 Fund, which is meant to provide timely support in terms of funding as well as expert knowledge and connections for Web3 startups and VCs alike. We are in talk with prominent VCs including Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker and ABCDE Capital about potential partnerships and how we altogether can provide meaningful support to those with innovations. And we are pleased to announce the first IEO round of Q2 2023: GoSleep (ZZZ) on the awesome Bitget Launchpad. Combining the unique Sleep-To-Earn concept with the power of Arbitrum, GoSleep is expected to be this year's mega project. Deposit for the GoSleep IEO will take place from April 10 to April 17 and token swap is scheduled from April 17 - April 19 (see guidelines on how to participate here). Don't forget that ZZZ will be listed on Bitget Arbitrum Zone on April 17 - we strongly advise you to subscribe to not miss this opportunity! Spot Margin Trading is open for 9 out of 19 tokens currently listed on Bitget Arbitrum Zone, so there are high chances that ZZZ will also be added to Spot Margin Trading as well! New Events ARB Flexible Savings is Live! Earn up to 15% APR. Guaranteed Lottery Winnings: Win 5 ETH and an iPhone 14 Pro Complete Tasks to Claim up to 1500 BGB！Total 100,000 BGB to be Shared! Trade New Copy Trading Pairs to Split 20,000 USDT! 1+1 Friends! ARB, GPT, ID... These popular tokens are hot, hot, hot! Apply for Bitget Master: Share $2,000 Win iPhone 14 Pro! Safety Net for Copy Traders! Receive Compensation on Losses! Trade to share a $60,000 prize pool Deposit to List: Carbon Browser (CSIX) - Deposit and Share $25,000 CSIX Rewards! Bitget Will List Bittensor (TAO) in the Innovation Zone - Share $ 20,000 TAO Rewards! Bitget Will List Capsule Coin (CAPS) in the Innovation Zone - Share 1,428,000 CAPS + $30,000 CAPS Prize Pool 100,000 USDT Prize Pool! Bitget’s Copy Trade Competition is in full swing! Join the DEGEN net buying competition to grab a share of 20,000 USDT ChainGPT (CGPT) Savings is UP, Subscribe Earn up to 100% APR! 20,000 USDT to Celebrate New Spot Futures Copy Trading Pairs! DOGE trading celebration: grab a share of 50,000 BGB and 10,000 USDT! Win Exciting Spring Rewards, Grab a Share of 10,000 USDT Trade ETF products and split 20,000 USDT April Spot Margin Trading Events! Split up to 35,000 USDT! 15 USDT Trading Bonus for New Traders! Apply for Bitget Master: Share $2,000 Win iPhone 14 Pro! [Initial Listing]Bitget Will List ChainGPT (CGPT) in the Innovation Zone! Good Reads Bitget Annual Briefing 2022-23 : The Rational Path Ahead (Part 1) Bitget Annual Briefing 2022-23 : The Rational Path Ahead (Part 2) Bitget Annual Briefing 2022-23 : The Rational Path Ahead (Part 3) Introduction to Bitget Fixed Savings Trading 101: What Is Leverage Trading? Kickstart Your Trading Painlessly With Bitget One-Click Copy Trade The Shanghai Upgrade - Beyond the Sea of New Opportunities for Ethereum Users Maximizing Your Earnings with Bitget’s Spot Copy Trading Function: Tips and Tricks Crypto Wallet: A Beginner’s Guide DegenReborn: The Ultimate Text-Based Adventure Game for Meme-Lovers Relentlessly BUIDL: Bitget Goes Beyond Derivatives With The New $100M Web3 Fund Simply create an account, and start exploring the incredible Bitget-Verse today!

Bitget Bites (April 10, 2023)

As of 3:30 AM (UTC), The Global Market Cap: US$1.19 Trillion (+0.49%) 24-hour Volume: US$29.99 Billion (+10.68%) Fear Greed Index: 62/Greed (Up From 61/Greed) Spot Market Updates Major cryptocurrencies: Asset Current 24h High 24h Low Price Change Bitcoin (BTC) $28309.0 $28499.0 $27879.0 +0.78% Ethereum (ETH) $1858.73 $1872.5 $1833.76 +0.14% Bitget Token (BGB) $0.4535 $0.4533 $0.4110 +10.15% Top 3 Gainers: Symbol Current 24h High 24h Low Price Change Tags No. 1 ALPINEUSDT $3.6773 $5.0251 $3.5222 +42.37% Fan-token, BNB Chain No. 2 ZZUSDT $0.406236 $0.425196 $0.369196 +30.72% ZKP No. 3 KAKIUSDT $0.0000003551 $0.000000453 $0.0000003504 +29.60% Meme, BNB Smartchain Sign up to start trading some of the hottest assets safely and frictionlessly at Bitget! Futures Market Updates As of 3:30 AM (UTC), Crypto Futures Open Interest: $3.12 Billion (+0.82%) Bitcoin Futures Market: BTC Futures Open Interest: $2.03 Billion (+1.05%) BTC Open Interest Dominance: 65.16% Bitcoin Volume (24H): $107,098.85 (+15.77%) Funding Rate: 0.0102% BTC Long/Short Ratio: 58.85%/41.15% Sign up to start following some of our profitable investors in Futures Copy Trading at Bitget! Interesting Topics Crypto Wallet: A Beginner’s Guide DegenReborn: The Ultimate Text-Based Adventure Game for Meme-Lovers Relentlessly BUIDL: Bitget Goes Beyond Derivatives With The New $100M Web3 Fund Trending Events 100,000 USDT Prize Pool! Bitget’s Copy Trade Competition is in full swing! Join the DEGEN net buying competition to grab a share of 20,000 USDT ChainGPT (CGPT) Savings is UP, Subscribe Earn up to 100% APR! 20,000 USDT to Celebrate New Spot Futures Copy Trading Pairs! DOGE trading celebration: grab a share of 50,000 BGB and 10,000 USDT! Win Exciting Spring Rewards, Grab a Share of 10,000 USDT Trade ETF products and split 20,000 USDT April Spot Margin Trading Events! Split up to 35,000 USDT! 15 USDT Trading Bonus for New Traders! Apply for Bitget Master: Share $2,000 Win iPhone 14 Pro! [Initial Listing]Bitget Will List ChainGPT (CGPT) in the Innovation Zone! Not a Bitget user yet? Sign up today for more insights and receive a $5005 reward!