CryptoGPT (CRGPT) news

Bitget Research: Arbitrum Airdrop Confirmed, Ecosystem Projects Surge Across the Board

In the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight. Popular Tokens: DegenZoo (Token) - DegenZoo launched its TGE and was simultaneously listed on both centralized and decentralized exchanges yesterday. As trading opened, the number of token transfers, purchases, and sales by users skyrocketed. RINIA (Token) - RINIA is a memecoin that just established liquidity yesterday, with a liquidity pool of $104,760 and a trading volume of $6.1 million. However, there is a risk of trading suspension, so it is not recommended to pay special attention. https://www.dextools.io/app/cn/ether/pair-explorer/0x1b425529c9d7472603e2dcf125fd195f71dfb412 GETH (Token) - Goerli ETH is the ETH from the Goerli testnet and is cross-chained by LayerZero. It started to get hyped due to the increased demand for GETH after Coinbase's Layer 2 base launch. There is a certain level of speculative hype around it. Please be cautious when participating. BONE (Token) - As a token within the Shiba Inu ecosystem, BONE has gained attention as a reward token for ShibaSwap and as a future gas token for Shibarium. The Puppynet testnet for Shibarium has recently gone live, but after the positive news was exhausted, the token started to decline in value. RJV (Token) - An agix-based project within the ecosystem that recently completed its community funding round. With 15,000 Twitter followers, the token has a liquidity pool of $260,000 and a daily trading volume of $2.05 million, indicating popularity. It is essential to stay updated on this token. https://www.dextools.io/app/cn/ether/pair-explorer/0x30e3270fd3d1589672e8da2f15c7076323c9aa10 GPT (Token) - A DAOmaker IDO project that is currently listed on Bitget. After the release of GPT-4, there has been a lot of market discussion surrounding the recent launches of Microsoft's Copilot and Baidu's Wenyanyixin. As a result, the AI sector has seen a surge in popularity. RAB (Token)- A crypto wallet app with a trading volume of $2.44 million. The contract does not have any apparent vulnerabilities, but there has been a significant decline in the token's value. It is essential to stay updated on this token. https://www.dextools.io/app/cn/bnb/pair-explorer/0x48c89d69508fb65e5f2187fdc26bbd2bcb1dedd8 BOB (Token) - BOB is a stablecoin with multi-chain and multi-collateral support, enhanced with optional privacy features. Once BOB is deposited into the zkBob application, pool participants can transfer BOB between them in a private and secure manner. Currently, this token is stable at a 1:1 exchange rate with USDC. The token has a 24-hour on- chain trading volume of $813,000, a liquidity pool of $6.16 million, and 396,500 holders. Decentralized stablecoins are currently hot in the market, so it is important to keep a close watch on this token. ARBK (Token) - Arbitru m Futures BitKeep, ARBK is the credential of the official Arbitrum token issued by BitKeep. By holding ARBK and completing corresponding tasks, users can qualify for a 100% exchange of the official Arbitrum token in the future, enabling them to anticipate the development of the Arbitrum ecosystem in advance. Yesterday, ARBK was officially launched, which has strengthened expectations for ARBK redemption and received a boost in traffic. GDX (Token) - GDX is an order book-style exchange on the Arbitrum chain, with a liquidity pool of $92,560. Most of the liquidity is concentrated in the order book exchange d5.xyz. The token has risen by 48.23% in the past 24 hours. https://www.dextools.io/app/cn/arbitrum/pair-explorer/0xa6e376c6c2b5739085671a8937eb233ea7f598ce GNS (Token) - Gains Network is a derivative trading platform built on Arbitrum and Polygon, providing users with options for cryptocurrency, forex trading, and leveraged trading. In the past 24 hours, both volume and price have risen. The token has recently shown signs of bottoming out, with a 2.77% increase. RDNT (Token) - Benefitting from the impact of Arbitrum's token launch, RDNT has seen an increase in both trading volume and price, with a trading volume of $12.64 million and a 24-hour increase of 26.3%. Popular NFTs: Enchanted Creatures Club (NFT) - Enchanted Creatures Club is an NFT series created by a group of young artists who are passionate about protecting and restoring the fragile ecosystem of the Galapagos Islands. The series features various beautiful and unique creatures that live on these islands, and 70% of the royalties will be donated to non-governmental organizations dedicated to protecting these islands. The NFTs began trading after free mint, and the tota l trading volume is currently 4.73 ETH, with a floor price of 0.0039 E. Due to the relatively low uni t price, the trading volume is not high, so it is important to keep a close watch on the changes in the floor price over time. https://opensea.io/collection/enchantedcreaturesclub/analytics DigiDaigaku Dragon Eggs (NFT) - DigiDaigaku Dragon Eggs is a collection of 10,000 digital collectibles developed by Limit Break, a company founded by world-renowned game designers Gabriel Leydon and Halbert Nakagawa. Yesterday, trading volume increased significantly, reaching 26.12 ETH. Although the floor price has dropped considerably, there is some short-term hype for this collection. https://opensea.io/collection/digidaigakudragoneggs/analyticsLimit HV-MTL (NFT) - HV-MTL is a collection of 30,000 digital units consisting of robot-like "Mechs" that users can mint by burning their Sewer Pass tokens in a new series, a concept created by Yuga Labs. The collection is very popular, with a total sales volume of 6605 ETH and a floor price of 2.16 ETH. https://opensea.io/collection/hv-mtl/analytics Popular DApps: DaoMaker (DApp) - Yesterday, Degenzoo's TGE and IDO participants received winning tokens, which led to an increase in trading volume for DAOMAKER's SHO module. Link3 (DApp) - Link3 is a Web3 social task network incubated by CyberConnect. Users can build their own decentralized social network by completing their on-chain and off-chain profile information. Many well-known project parties such as BNB Chain, SpaceID, and the recent popular ImageAI will hold or participate in events on Link3. In December 2022, Link3's traffic doubled, with a total of 1.2 million visits in a single month. Over the past three months, Link3's average monthly unique visitors have reached about 250,000, indicating its high commercial value. The mystery boxes distributed by Link3 are currently trading at a floor price of 0.39 ETH on OpenSea, which continues to rise. Space ID (DApp) - On March 16th, Binance announced the upcoming launch of its 30th project on Binance Launchpad, Space ID (ID), along with a dedicated BNB session. 10% of the tokens will be used for airdrops, which stimulates an increase in popularity due to the wealth effect of the token's issuance, leading to a surge in on-chain interaction. Benji Bananas (DApp) - Benji Bananas is a Web2 game owned by Animoca that rewards players with Apecoin and the game token, Primate. The project will soon introduce the Benji robot with added AI features. The game's promotional activities are ongoing and will remain active on Polygon for a long time. Zed Run (DApp) - A horse racing game that has already been launched and has 67,800 followers on Twitter. According to Similarweb, the game has a monthly visit of 242,000, with 65% of the traffic coming from the United States and 22.12% from Australia. The game's community is highly active and engaged. https://zed.run/. Lens (DApp) - A top-tier on-chain social platform with strong expectations for token issuance. The data for user engagement has remained at a high level for the past two months. Following the announcement of the Space ID IEO, there has been a noticeable increase in user interaction for DID and other social projects that have not yet issued tokens, likely due to popularity. Lighter Router (DApp) - A DeFi router invested in by A16Z and Lightspeed, known for its more suitable, faster, and cheaper routing prices. Camelot (DApp) - A native DEX on Arbitrum, which recently launched a new project called Perpy. xGRAIL holders enjoyed a $1.5 million whitelist quota, resulting in a 21.7% token price increase in the past 24 hours with a trading volume of $5 million, indicating high levels of popularity. CyberConnect (DApp) - An on-chain task platform that has collaborated with XMTP to launch peer-to-peer information transmission. The broadcast had a great impact, with the platform already garnering 25,000 views and high levels of popularity. Magic Eden (DApp) - Magic Eden posted an orange-themed image on social media, suggesting the launch of an NFT marketplace on Bitcoin, which has led to a short-term increase in popularity. Rarible (DApp) - Rarible is a multi-chain NFT trading platform where users can create ("mint") and trade digital collectibles. On March 16th, Rarible introduced a lazy minting feature that allows any NFT creator to create a project with 0 gas fee. Lazy minting is when NFTs are not minted at creation, resulting in 0 gas fees. When a user purchases an NFT, the creator mints it, and the purchaser pays for the gas fee. This new feature has caused a short-term increase in user activity. ParaSwap (DApp) - A DEX aggregator that has recently integrated the TraderJoe liquidity book feature. The integration was shared on TraderJoe's official Twitter account. ParaSwap currently supports DEXs on 7 chains. Twitter Hot Topics: BNB (Token) - Yesterday, Binance announced the new Launchpad project "Space ID", which led to an increase in BNB's value. Space ID is a DID project that initially launched the .bnb domain to attract significant traffic and users. In February 2023, they partnered with the ARB ID team to launch the SPACE ID .arb name service. DBX (Token) - A chain network with 30,000 followers on Twitter and a daily trading volume of $2,118,198. The majority of trading volume is concentrated on the small exchange Probit, and there are currently no pools on the chain. It is essential to stay updated on this token. DQUICK (Token) - Users can earn dQUICK by staking QUICK tokens, and holders of dQUICK can receive 0.04% of the protocol's transaction fees. Recently, QuickSwap and Gains Network collaborated to launch trading pairs with high yields, and dQUICK is used as a reward. The token has a trading pool on QuickSwap, with a 24-hour trading volume of $10,000, indicating low popularity. It is essential to stay updated on this token. Regional Trending Searches: CryptoGPT (Token) - A recent IDO project on Daomaker saw a 3x increase in value in the secondary market after TGE. With the recovery of the AI sector and recent market sentiment, there is a high wealth effect and popularity surrounding this project. Main Body Written by: Bitget Research Data collection time: March 17th, 10:30 Data sources: Dune, DApps, Twitter, Google Note: 1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain. 2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours. 3) DApp daily activity (UAW: unique active wallets) 4) TGE (Token Generation Event) 1. Blockchain Profile - ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 413,903 New active users of ETH: 70,873, with a daily decrease of 3.23% Existing active users of ETH: 343,030, with a daily decrease of 8.70% 1.1.2 New User Profile Core data: There were a total of 70,873 new active users on ETH yesterday, with a daily decrease of 3.23% Popular Sectors Popular Projects Key Projects: DegenZoo (Token) - DegenZoo launched its TGE and was simultaneously listed on both centralized and decentralized exchanges yesterday. As trading opened, the number of token transfers, purchases, and sales by users skyrocketed. DaoMaker (DApp) - Yesterday, Degenzoo's TGE and IDO participants received winning tokens, which led to an increase in trading volume for DAOMAKER's SHO module. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 343,030, with a daily decrease of 8.70% Popular Sectors Popular Projects Key Projects: Enchanted Creatures Club (NFT) - Enchanted Creatures Club is an NFT series created by a group of young artists who are passionate about protecting and restoring the fragile ecosystem of the Galapagos Islands. The series features various beautiful and unique creatures that live on these islands, and 70% of the royalties will be donated to non-governmental organizations dedicated to protecting these islands. The NFTs began trading after free mint, and the total trading volume is currently 4.73 ETH, with a floor price of 0.0039 E. Due to the relatively low unit price, the trading volume is not high, so it is important to keep a close watch on the changes in the floor price over time. https://opensea.io/collection/enchantedcreaturesclub/analytics 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 RINIA (Token) - RINIA is a memecoin that just established liquidity yesterday, with a liquidity pool of $104,760 and a trading volume of $6.1 million. However, there is a risk of trading suspension, so it is not recommended to pay special attention. https://www.dextools.io/app/cn/ether/pair-explorer/0x1b425529c9d7472603e2dcf125fd195f71dfb412 GETH (Token) - Goerli ETH is the ETH from the Goerli testnet and is cross-chained by LayerZero. It started to get hyped due to the increased demand for GETH after Coinbase's Layer 2 base launch. There is a certain level of speculative hype around it. Please be cautious when participating. BONE (Token) - As a token within the Shiba Inu ecosystem, BONE has gained attention as a reward token for ShibaSwap and as a future gas token for Shibarium. The Puppynet testnet for Shibarium has recently gone live, but after the positive news was exhausted, the token started to decline in value. RJV (Token) - An agix-based project within the ecosystem that recently completed its community funding round. With 15,000 Twitter followers, the token has a liquidity pool of $260,000 and a daily trading volume of $2.05 million, indicating popularity. It is essential to stay updated on this token. https://www.dextools.io/app/cn/ether/pair-explorer/0x30e3270fd3d1589672e8da2f15c7076323c9aa10 1.2.2 Uniswap V3 GPT (Token) - A DAOmaker IDO project that is currently listed on Bitget. After the release of GPT-4, there has been a lot of market discussion surrounding the recent launches of Microsoft's Copilot and Baidu's Wenyanyixin. As a result, the AI sector has seen a surge in popularity. 2.Blockchain Profile - BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,307,122 New active users on BSC: 179,614, with a daily increase of 5.69% Existing active users on BSC: 1,127,508, with a daily increase of 6.27% 2.1.2 New User Profile Core data: There were a total of 179,614 new active users on BSC yesterday, with a daily increase of 5.69% Popular Sectors Popular Projects Key Projects: Link3 (DApp) - Link3 is a Web3 social task network incubated by CyberConnect. Users can build their own decentralized social network by completing their on-chain and off-chain profile information. Many well-known project parties such as BNB Chain, SpaceID, and the recent popular ImageAI will hold or participate in events on Link3. In December 2022, Link3's traffic doubled, with a total of 1.2 million visits in a single month. Over the past three months, Link3's average monthly unique visitors have reached about 250,000, indicating its high commercial value. The mystery boxes distributed by Link3 are currently trading at a floor price of 0.39 ETH on OpenSea, which continues to rise. Space ID (DApp) - On March 16th, Binance announced the upcoming launch of its 30th project on Binance Launchpad, Space ID (ID), along with a dedicated BNB session. 10% of the tokens will be used for airdrops, which stimulates an increase in popularity due to the wealth effect of the token's issuance, leading to a surge in on-chain interaction. 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,127,508, with a daily increase of 6.27% Popular Sectors Popular Projects Business Opportunity Koge (Token) - BNB48 Club is a DAO created by a group of investors who share a common passion for BNB. KOGE represents the open governance voting rights of 48 Club. Users who hold the token can enjoy the benefits provided by the club. The token has a 24-hour trading volume of $32,000 and a relatively frequent interaction, but low trading volume. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x26de6c26dd5560c181011907d8f70c202c2a29d6 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 PornAI (Token) - The token has a trading volume of $8.87 million, but the contract has honeypot risks. It is not recommended to pay special attention to this project. RAB (Token)- A crypto wallet app with a trading volume of $2.44 million. The contract does not have any apparent vulnerabilities, but there has been a significant decline in the token's value. It is essential to stay updated on this token. https://www.dextools.io/app/cn/bnb/pair-explorer/0x48c89d69508fb65e5f2187fdc26bbd2bcb1dedd8 3.Blockchain Profile - Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 390,989 New active users on Polygon: 69,824, with a daily increase of 5.26% Existing active users on Polygon: 321,165, with a daily increase of 4.55% 3.1.2 New User Profile Core data: There were a total of 69,824 new active users on Polygon yesterday, with a daily increase of 5.26% Popular Sectors Popular Projects Key Projects: Benji Bananas (DApp) - Benji Bananas is a Web2 game owned by Animoca that rewards players with Apecoin and the game token, Primate. The project will soon introduce the Benji robot with added AI features. The game's promotional activities are ongoing and will remain active on Polygon for a long time. 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 321,165, with a daily increase of 4.55% Popular Sectors Popular Projects Key Projects: Zed Run (DApp) - A horse racing game that has already been launched and has 67,800 followers on Twitter. According to Similarweb, the game has a monthly visit of 242,000, with 65% of the traffic coming from the United States and 22.12% from Australia. The game's community is highly active and engaged. https://zed.run/. Lens (DApp) - A top-tier on-chain social platform with strong expectations for token issuance. The data for user engagement has remained at a high level for the past two months. Following the announcement of the Space ID IEO, there has been a noticeable increase in user interaction for DID and other social projects that have not yet issued tokens, likely due to popularity. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 BOB (Token) - BOB is a stablecoin with multi-chain and multi-collateral support, enhanced with optional privacy features. Once BOB is deposited into the zkBob application, pool participants can transfer BOB between them in a private and secure manner. Currently, this token is stable at a 1:1 exchange rate with USDC. The token has a 24-hour on-chain trading volume of $813,000, a liquidity pool of $6.16 million, and 396,500 holders. Decentralized stablecoins are currently hot in the market, so it is important to keep a close watch on this token. 4.Blockchain Profile - Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 154,794 Arbitrum New Active Users: 37,025, with a daily increase of 59.32% Arbitrum Existing Active Users: 117,769, with a daily increase of 13.19% 4.1.2 New User Profile Core data: There were a total of 37,025 new active users on Arbitrum yesterday, with a daily increase of 59.32% Popular Sectors Popular Projects Key Projects: ARBK (Token) - Arbitru m Futures BitKeep, ARBK is the credential of the official Arbitrum token issued by BitKeep. By holding ARBK and completing corresponding tasks, users can qualify for a 100% exchange of the official Arbitrum token in the future, enabling them to anticipate the development of the Arbitrum ecosystem in advance. Yesterday, ARBK was officially launched, which has strengthened expectations for ARBK redemption and received a boost in traffic. GDX (Token) - GDX is an order book-style exchange on the Arbitrum chain, with a liquidity pool of $92,560. Most of the liquidity is concentrated in the order book exchange d5.xyz. The token has risen by 48.23% in the past 24 hours. https://www.dextools.io/app/cn/arbitrum/pair-explorer/0xa6e376c6c2b5739085671a8937eb233ea7f598ce 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 117,769, with a daily increase of 13.19% Popular Sectors Popular Projects Key Projects: Lighter Router (DApp) - A DeFi router invested in by A16Z and Lightspeed, known for its more suitable, faster, and cheaper routing prices. Camelot (DApp) - A native DEX on Arbitrum, which recently launched a new project called Perpy. xGRAIL holders enjoyed a $1.5 million whitelist quota, resulting in a 21.7% token price increase in the past 24 hours with a trading volume of $5 million, indicating high levels of popularity. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 GNS (Token) - Gains Network is a derivative trading platform built on Arbitrum and Polygon, providing users with options for cryptocurrency, forex trading, and leveraged trading. In the past 24 hours, both volume and price have risen. The token has recently shown signs of bottoming out, with a 2.77% increase. RDNT (Token) - Benefitting from the impact of Arbitrum's token launch, RDNT has seen an increase in both trading volume and price, with a trading volume of $12.64 million and a 24-hour increase of 26.3%. 5.DApp Ecosystem - All Chains CyberConnect (DApp) - An on-chain task platform that has collaborated with XMTP to launch peer-to-peer information transmission. The broadcast had a great impact, with the platform already garnering 25,000 views and high levels of popularity. Magic Eden (DApp) - Magic Eden posted an orange image on social media, which appears to indicate that they may be launching an NFT marketplace on Bitcoin, causing a short-term surge in interest. 6.DApp Ecosystem - ETH Chain DigiDaigaku Dragon Eggs (NFT) - DigiDaigaku Dragon Eggs is a collection of 10,000 digital collectibles developed by Limit Break, a company founded by world-renowned game designers Gabriel Leydon and Halbert Nakagawa. Yesterday, trading volume increased significantly, reaching 26.12 ETH. Although the floor price has dropped considerably, there is some short-term hype for this collection. https://opensea.io/collection/digidaigakudragoneggs/analyticsLimit HV-MTL (NFT) - HV-MTL is a collection of 30,000 digital units consisting of robot-like "Mechs" that users can mint by burning their Sewer Pass tokens in a new series, a concept created by Yuga Labs. The collection is very popular, with a total sales volume of 6605 ETH and a floor price of 2.16 ETH. https://opensea.io/collection/hv-mtl/analytics 7.DApp Ecosystem - BSC Chain X World Games (DApp) - A leading Web3 game platform on BSC. It has attracted attention from Binance NFT and was recently integrated into OKX wallet, gaining a certain level of attention. 8.DApp Ecosystem - Polygon Chain Phi (DApp) - Phi is a social platform based on ENS and on-chain/off-chain wallet activity, enabling visualization of on-chain identity. Recently, it launched a Blue Chip NFT collection task where holders of Bored ApeYC, Azuki, Doodles, and CryptoPunks NFTs can participate. 9.DApp Ecosystem - WAX Chain The fluctuation of UAW is within a normal range. 10.DApp Ecosystem - Solana Chain Rarible (DApp) - Rarible is a multi-chain NFT trading platform where users can create ("mint") and trade digital collectibles. On March 16th, Rarible introduced a lazy minting feature that allows any NFT creator to create a project with 0 gas fee. Lazy minting is when NFTs are not minted at creation, resulting in 0 gas fees. When a user purchases an NFT, the creator mints it, and the purchaser pays for the gas fee. This new feature has caused a short-term increase in user activity. 11.DApp Ecosystem - Arbitrum Chain Galxe (DApp) - Galxe is a Web3 credential data network that builds a decentralized identity system based on credential data. Galxe creates a "Galaxy ID" for each wallet user, integrating the user's NFT, OAT, and on-chain credential information on the platform. It has recently interacted with 1inch, Alchemy, and others. ParaSwap (DApp) - A DEX aggregator that has recently integrated the TraderJoe liquidity book feature. The integration was shared on TraderJoe's official Twitter account. ParaSwap currently supports DEXs on 7 chains. 12.DApp Ecosystem - GameFi Sector Across All Chains X World Games: This project has been discussed on the BSC blockchain. 13.Gas Fee Consumption - ETH Chain Enchanted Creatures Club (NFT) - Enchanted Creatures Club is an NFT series created by a group of young artists who are passionate about protecting and restoring the fragile ecosystem of the Galapagos Islands. The series features various beautiful and unique creatures that live on these islands, and 70% of the royalties will be donated to non-governmental organizations dedicated to protecting these islands. The NFTs began trading after free mint, and the total trading volume is currently 4.73 ETH, with a floor price of 0.0039 E. Due to the relatively low unit price, the trading volume is not high, so it is important to keep a close watch on the changes in the floor price over time. https://opensea.io/collection/enchantedcreaturesclub/analytics DZOO (token) - 0x...93a9, the Daomaker IDO gaming project (https://www.bitget.com/nl/spot/ DZOOUSDT_SPBL?type=spot), had its TGE yesterday and debuted on exchanges such as Bitget, Bybit, and Gate, with a total trading volume of $46.28 million across the network. It gained a lot of attention due to its high popularity. 14.Gas Fee Consumption - BSC Chain Link3 (DApp) - Link3 is a Web3 social task network incubated by CyberConnect. Users can build their own decentralized social network by completing their on-chain and off-chain profile information. Many well-known project parties such as BNB Chain, SpaceID, and the recent popular ImageAI will hold or participate in events on Link3. Rejuve (RJV) - 0x...ed71 is the Agix ecosystem project launched through Daomaker's IDO (https://www.bitget.com/nl/spot/ RJVUSDT_SPBL?type=spot). It is an AI-based longevity network project that debuted on Bitget and Gate exchanges with a 24-hour trading volume of $4 million. It experienced a threefold increase in price on the secondary market since its listing, generating high levels of interest. 15.Gas Fee Consumption - Polygon Chain Lens (DApp) - As a top-tier on-chain social platform, Lens has been the main target of users in the market looking to collect airdrops, especially following yesterday's airdrops of Arbitrum and Spaceid, which has raised expectations of airdrops for other key projects. As a result, the platform has maintained high levels of on-chain activity. 16.Gas Fee Consumption- Arbitrum Chain Arbitrum (ARB):High-risk project (0x...c9d9) that took advantage of the Arbitrum airdrop to distribute fake tokens has rugged. Investors should be cautious as the actual tokens for ArbitrumDao will not be unlocked and released until six days later. 17.Twitter Trends Token Top 20 From the perspective of token popularity on Twitter trends: Tokens with significant increases in popularity: USDC, BTC, SOL, CELO Newly listed tokens: BNB, EVMOS BNB (Token) - Yesterday, Binance announced the new Launchpad project "Space ID", which led to an increase in BNB's value. Space ID is a DID project that initially launched the .bnb domain to attract significant traffic and users. In February 2023, they partnered with the ARB ID team to launch the SPACE ID .arb name service. 18.Token Mentioned Frequency by KOLs on Twitter Super KOLs mentioned the following hot tokens: BTC, USDC, ETH Builders mentioned the following tokens: DBX, USDC, DQUICK, gDAI, BIT DBX (Token) - A chain network with 30,000 followers on Twitter and a daily trading volume of $2,118,198. The majority of trading volume is concentrated on the small exchange Probit, and there are currently no pools on the chain. It is essential to stay updated on this token. DQUICK (Token) - Users can earn dQUICK by staking QUICK tokens, and holders of dQUICK can receive 0.04% of the protocol's transaction fees. Recently, QuickSwap and Gains Network collaborated to launch trading pairs with high yields, and dQUICK is used as a reward. The token has a trading pool on QuickSwap, with a 24-hour trading volume of $10,000, indicating low popularity. It is essential to stay updated on this token. 19.Token Mentioned Frequency by VCs on Twitter Based on the frequency of mentions by VC firms on Twitter: USDC, BTC, SIDUS, ZEUM, RUNE, AVAX； With the release of liquidity to the banking industry by the Federal Reserve, as well as the Arbi airdrop and Binance Launchpad, there is an overall positive sentiment in the market. BTC has led the way as the primary driver of upward momentum, and market hotspots are beginning to emerge. 20.Google Trends - Global Trending Tokens: Coinmarketcap, Crypto Bubbles, Crypto GPT, Crypto news CryptoGPT (Token) - A recent IDO project on Daomaker saw a 3x increase in value in the secondary market after TGE. With the recovery of the AI sector and recent market sentiment, there is a high wealth effect and popularity surrounding this project. 21.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: DZOO, STA Trending Keywords: Crypto decision, Crypto batter com, Bitget Pakistan Trending Token: BTC Trending Keywords: Coinbase, cryptocurrency, Crypto screener, Trading view b) Southeast Asia Region Philippines Trending Tokens: USDT, BNB, BLUR, BTC Vietnam Trending Keyword: Crypto Bubbles Indonesia Trending Token: Shibarium, Polygon Trending Keyword: crypto mining Singapore Trending Tokens: 1inch, Polygon Malaysia Trending Token: BTC c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: crypto card, Swiss Credit, Depay 22.Google Trends Surge - English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: Coinmarketcap, Airdrop, Binance b) English-speaking Countries The trending tokens in the English-speaking community are scattered, but both Arbitrum and GNS have appeared multiple times. USA Trending Keyword: cryptocurrency Trending Tokens: MOONS, COPPER, CPH Canada Trending Tokens: AVAX, HNT, ANKR Australia Trending Tokens: GNS, XEN, ATOM UK Trending Tokens: Cryptogpt, ARB, GNS c) Europe CryptoGPT has appeared multiple times, and France is focusing on the Binance Launchpad project, Space ID. Spain Trending Tokens: REN, PROM, VRA, BNB, GALA, XRP Turkey Trending Token: GPT Trending Keyword: Coinmarketcap Italy Trending Tokens: SHIB, GRT, LUR, PI France Trending Tokens: Space ID, BTC, TRX, GMX Germany Trending Tokens: Cryptogpt, BTC ETH Poland Trending Tokens: Celestia, UNI, ADA 23.Google Trends Surge - Middle East, Latin America, Africa a) Africa Trending Keywords: Airdrop, Crypto Bubbles Trending Token: BTC, Cryptogpt b) Middle East Trending Tokens: SHIB, BTC c) Latin America Brazil Trending Tokens: BAT, VET, XEN, BABYDOGE Mexico Trending Tokens: AVAX, SOL Trending Keywords: cryptocurrency news, cryptocurrency trends Argentina Trending Tokens: LUNA, BTC, AAVE Trending Keyword: crypto news

Bitget Hot Takes (March 13 - March 19)

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 • Bitcoin to 28K over the weekend. • U.S. CPI March 2023: Annual inflation fell for the eighth consecutive month. • U.K. adds crypto assets to the Self Assessment tax return forms. • Fidelity Crypto went live, providing Bitcoin and Ether buying and selling services for retail investors. • Arbitrum announced the airdrop starting on March 23. BGB Saw A 19% Weekly Growth It was the week where investors turned to crypto for safety. With a weekend rallying that brought its price to as high as US$28,440.56, Bitcoin led the race with a 32% increase in value. The move was followed by Ethereum’s 20% and BGB’s 19% growth in weekly return. BGB rose on par with ETH for 5 out of 7 days of the week and even hit a weekly high of US$0.396927 last Tuesday, which shows a firm confidence in the token that is not entirely dependent on the general market sentiment. This is further justified by the surging accumulating trend below: Source: TradingView 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 Seeking Refugee In Crypto All eyes were set on the U.S. CPI report released on March 14, 2023 as it should give some heads-up about the result of this week’s FOMC meeting. The banking sector doesn’t appear to be as rock solid as expected; it is not just about one crypto bank (Silvergate), but the stability of even the major European bank Credit Suisse. With a slowly but gradually declining inflation rate and the recent struggle of banks, we could already hope for a cutback in rate hike. However, the current consensus is half 25bps, half 50 bps. Source: CME FedWatch Tool Crypto, unsurprisingly, becomes a safe haven for many, especially Bitcoin. Data from Kaiko shows that BTC stablecoin pairs have been at a new all-time high of 87.5%. In turbulent times like this, the idea of owning an asset that can be quickly redeemed to fiat but is not kept at any bank may actually sound like heaven. Source: Kaiko Analytics That is not to mention that Bitcoin is showing a positive correlation with the U.S. Dollar: Since January, the relationship has been reversing from negative 0.6 to positively correlated in late February. Source: Kaiko Analytics And we are seeing a giant quietly open crypto access for retail investors. Fidelity Crypto allows users to start trading Bitcoin and Ethereum on the same app they use for stock trading - from US$1 only! This should introduce millions of Fidelity users to the world of digital assets via the purchasing/selling of two biggest cryptocurrencies. The Latest Bitget News Looking for new earning schemes? You have come to the right place: To celebrate the upcoming ARB airdrop, we are launching several Arbitrum farming pools: Stake VELA with a 80% APY in ARB, MAGIC with 72% APY, GMX with 78% APY, BGB with 76% APY. All are to receive ARB ahead of the ARB listing, with 2 more days for staking BGB and GMX to earn ARB. Simply head to Bitget Launchpool and click on Remind Me to make sure you do not miss the chance for new VELA and MAGIC pools! Don’t forget that Bitget is also supporting SUI, another competent Layer 1, with our new SUIBG airdrop campaign! In one month from March 17 to April 17, 2023, all users can complete the given tasks to receive SUIUSDT">SUI Futures Tokens - which can be later converted to the official SUI tokens! We are delighted to announce that our Index Futures (BGHOT10USDT) is now live on Bitget USDT-Ⓜ Futures - check out the full guide here: Bitget Index Futures: Operational Guide. Imagine diversifying your portfolio’s risks in a simple way and managing it with ease; that’s how helpful our Index Futures is designed to be. New Events Index Futures BGHOT10USDT is live - start trading! USDCUSDT will be Available on Futures Shanghai Upgrade: Predict Trade to Share 65,700 USDT Win-Win-Win with MOVER, Win $20,000 in MOVER! Bitget x TealStreet Promotion: Share $20,000 in Trading Bonuses! Lucky Draw and 10,000 USDT for Grid Traders International Women's Day! Trade to Share 1Million BGB Buy Crypto with 0 fees through Simplex, $50,000 in BGB up for Grabs! Trade New Copy Trading Pairs to Split 20,000 USDT! Three Rewards! 40,000 USDT for Spot Copy Trading Users! [Bitget VIP] Trade for BGB Airdrop And Lucky Draw! Collect OATs Share the $2000 Prize Pool Friends Carnival Week! Invite Your Friends Now 【50K/Day Followers waiting for you】Navigate Insights 3.0 to grab massive followers $BGB rewards! Bitget Will List Astar (ASTR) in the Innovation Zone - Share $15,000 worth of Rewards! Bitget Will List Velo (VELO1) in the Innovation Zone - Share 6,000,000 VELO1 worth of Rewards! Bitget Will List CryptoGPT (GPT) in the AI Zone - Share 60,000 USDT worth of Rewards! Good Reads Bitget Annual Briefing 2022-23 : The Rational Path Ahead (Part 1) Bitget Annual Briefing 2022-23 : The Rational Path Ahead (Part 2) Index Futures Are Live On Bitget Bitget VIP Trading Fees Explained Start Earning By Copying Trades From The Elites Shardeum: The EVM-Based Layer 1 Solution for Blockchain Trilemma The Battle of Trading Fees: Bitget Comes Out on Top Mover: The One-Stop Shop for All Your Cross-Chain Needs Bitget Annual Briefing 2022-23: The Rational Path Ahead (Part 3) Zk-rollup vs. Optimistic Rollup: Explained BGB Sail: February Edition Simply create an account, and start exploring the incredible Bitget-Verse today!

Bitget Bites (March 17, 2023)

As of 3:30 AM (UTC), The Global Market Cap: US$1.11 Trillion (+4.17%) 24-hour Volume: US$66.65 Billion (-17.66%) Fear Greed Index: 51/Neutral (Down From 52/Neutral) Spot Market Updates Major cryptocurrencies: Asset Current 24h High 24h Low Price Change Bitcoin (BTC) $25898.0 $26038.0 $24356.0 +6.03% Ethereum (ETH) $1717.28 $1729.2 $1644.93 +3.83% Bitget Token (BGB) $0.3833 $0.3861 $0.3664 +3.27% Top 3 Gainers: Symbol Current 24h High 24h Low Price Change Tags No. 1 DZOOUSDT $0.069406 $0.099779 $0.002 +3460.45% GameFi No. 2 RJVUSDT $0.1108 $0.1108 $0.015 +277.03% AI, Big data No. 3 HAMIUSDT $0.000482276 $0.000505878 $0.000269271 +57.63% Arbitrum, DeFi 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: $2.84 Billion (-8.90%) Bitcoin Futures Market: BTC Futures Open Interest: $1.88 Billion (-9.17%) BTC Open Interest Dominance: 66.14% Bitcoin Volume (24H): $236,531.91 (-10.85%) Funding Rate: 0.0000% BTC Long/Short Ratio: 39.05%/60.95% Sign up to start following some of our profitable investors in Futures Copy Trading at Bitget! Interesting Topics Zk-rollup vs. Optimistic Rollup: Explained Bitget VIP Program: Everything You Need to Know Bitget's Auto-Invest: A Beginner's Guide Trending Events Index Futures BGHOT10USDT is live - start trading! Strategists, share 20,000 USDT in trading bonuses! $5000 in TEM to Grab! Introducing the Bitget Blog for everything Bitget Bitget x TealStreet Promotion: Share $20,000 in Trading Bonuses! USDCUSDT will be Available on Futures Bitget Launchpool User Make First P2P Transaction to Split 100,000 BGB Buy Crypto with 0 fees through Simplex, $50,000 in BGB up for Grabs! Shanghai Upgrade: Predict Trade to Share 65,700 USDT Broker Exclusive: GFAL MOVER Prize Pool Airdrop Await, Worth $20,000+ Three Rewards! 40,000 USDT for Spot Copy Trading Users! Start Your Arbitrum Journey! Subscribe to Arbitrum Flexible Savings Earn 5,000 USDT Apply for Bitget Master: Share $2,000 Win iPhone 14 Pro! Bitget trading volume data is now listed on Worldcoinindex exchange rankings! [Bitget VIP] Trade for BGB Airdrop And Lucky Draw! Win-Win-Win with MOVER, Win $20,000 in MOVER! South Asia Exclusive：Join and Claim Up to 1,000 USDT Airdrop Bonus! CFX Listed on Bitget Spot Copy Trading! Initiate or Follow a Spot Order, Grab a Share of 21,000 USDT! 【50K/Day Followers waiting for you】Navigate Insights 3.0 to grab massive followers $BGB rewards! [Initial Listing] Bitget Will List TemDAO (TEM) in the Innovation Zone - Share $ 40,000 Worth of Rewards! Bitget Will List Velo (VELO1) in the Innovation Zone - Share 6,000,000 VELO1 worth of Rewards! Bitget Will List CryptoGPT (GPT) in the AI Zone - Share 60,000 USDT worth of Rewards! [Initial Listing]Bitget Will List Degen Zoo (DZOO) in the Innovation Zone - Share 1,600,000 DZOO Prize Pool Not a Bitget user yet? Sign up today for more insights and receive a $5005 reward!

Bitget Bites (March 16, 2023)

As of 3:30 AM (UTC), The Global Market Cap: US$1.07 Trillion (-2.67%) 24-hour Volume: US$80.95 Billion (-21.06%) Fear Greed Index: 52/Neutral (Up From 50/Neutral) Spot Market Updates Major cryptocurrencies: Asset Current 24h High 24h Low Price Change Bitcoin (BTC) $24424.0 $25239.0 $24178.0 -1.51% Ethereum (ETH) $1651.36 $1714.26 $1624.64 -3.27% Bitget Token (BGB) $0.3717 $0.3865 $0.3625 -3.63% Top 3 Gainers: Symbol Current 24h High 24h Low Price Change Tags No. 1 VSTAUSDT $0.39403 $0.40806 $0.201603 +131.04% DeFi, Arbitrum No. 2 IMGNAIUSDT $0.01573 $0.0222 $0.01214 +31.60% AI, Big data No. 3 GFALUSDT $0.01014502 $0.01040496 $0.00850633 +30.49% GameFi, NFT 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 (-1.37%) Bitcoin Futures Market: BTC Futures Open Interest: $2.07 Billion (-0.72%) BTC Open Interest Dominance: 66.33% Bitcoin Volume (24H): $265,306.6 (-29.11%) Funding Rate: 0.0000% BTC Long/Short Ratio: 41.94%/58.06% Sign up to start following some of our profitable investors in Futures Copy Trading at Bitget! Interesting Topics Bitget VIP Program: Everything You Need to Know Bitget Index Futures: Operational Guidelines Bitget's Auto-Invest: A Beginner's Guide Trending Events Index Futures BGHOT10USDT is live - start trading! Introducing the Bitget Blog for everything Bitget Bitget x TealStreet Promotion: Share $20,000 in Trading Bonuses! USDCUSDT will be Available on Futures Bitget trading volume data is now listed on Worldcoinindex exchange rankings! Bitget Launchpool User Make First P2P Transaction to Split 100,000 BGB Buy Crypto with 0 fees through Simplex, $50,000 in BGB up for Grabs! Shanghai Upgrade: Predict Trade to Share 65,700 USDT Broker Exclusive: GFAL MOVER Prize Pool Airdrop Await, Worth $20,000+ Three Rewards! 40,000 USDT for Spot Copy Trading Users! Start Your Arbitrum Journey! Subscribe to Arbitrum Flexible Savings Earn 5,000 USDT Apply for Bitget Master: Share $2,000 Win iPhone 14 Pro! [Bitget VIP] Trade for BGB Airdrop And Lucky Draw! Win-Win-Win with MOVER, Win $20,000 in MOVER! South Asia Exclusive：Join and Claim Up to 1,000 USDT Airdrop Bonus! CFX Listed on Bitget Spot Copy Trading! Initiate or Follow a Spot Order, Grab a Share of 21,000 USDT! 【50K/Day Followers waiting for you】Navigate Insights 3.0 to grab massive followers $BGB rewards! [Initial Listing]Bitget Will List Degen Zoo (DZOO) in the Innovation Zone - Share 1,600,000 DZOO Prize Pool Bitget Will List Velo (VELO1) in the Innovation Zone - Share 6,000,000 VELO1 worth of Rewards! Bitget Will List CryptoGPT (GPT) in the AI Zone - Share 60,000 USDT worth of Rewards! Bitget Will List Games for a living (GFAL) in the Innovation Zone Not a Bitget user yet? Sign up today for more insights and receive a $5005 reward!

Bitget Bites (March 15, 2023)

As of 3:30 AM (UTC), The Global Market Cap: US$1.10 Trillion (+1.68%) 24-hour Volume: US$102.51 Billion (+13.46%) Fear Greed Index: 50/Neutral (Down From 59/Greed) Spot Market Updates Major cryptocurrencies: Asset Current 24h High 24h Low Price Change Bitcoin (BTC) $24838.0 $26402.0 $24216.0 +1.83% Ethereum (ETH) $1709.02 $1778.85 $1662.79 +1.73% Bitget Token (BGB) $0.385913 $0.396533 $0.361915 +2.34% Top 3 Gainers: Symbol Current 24h High 24h Low Price Change Tags No. 1 MOVERUSDT $0.26474 $3 $0.06 +372.48% Bridge, EVM, Aptos No. 2 GFALUSDT $0.00925513 $0.01366807 $0.00747122 +128.74% GameFi, NFT No. 3 AIUSDT $0.00586 $0.007 $0.0038 +47.27% AI, Metaverse 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: $3.16 Billion (+0.16%) Bitcoin Futures Market: BTC Futures Open Interest: $2.08 Billion (+0.57%) BTC Open Interest Dominance: 65.90% Bitcoin Volume (24H): $374,245.0 (+7.75%) Funding Rate: 0.0000% BTC Long/Short Ratio: 61.94%/38.06% Sign up to start following some of our profitable investors in Futures Copy Trading at Bitget! Interesting Topics Bitget's Auto-Invest: A Beginner's Guide Bitget Index Futures: Operational Guidelines Mover: The One-Stop Shop for All Your Cross-Chain Needs Trending Events Index Futures BGHOT10USDT is live - start trading! Introducing the Bitget Blog for everything Bitget Start Your Arbitrum Journey! Subscribe to Arbitrum Flexible Savings Earn 5,000 USDT Apply for Bitget Master: Share $2,000 Win iPhone 14 Pro! South Asia Exclusive：Join and Claim Up to 1,000 USDT Airdrop Bonus! Broker Exclusive: GFAL MOVER Prize Pool Airdrop Await, Worth $20,000+ CFX Listed on Bitget Spot Copy Trading! Initiate or Follow a Spot Order, Grab a Share of 21,000 USDT! Bitget x TealStreet Promotion: Share $20,000 in Trading Bonuses! USDCUSDT will be Available on Futures Bitget Launchpool User Make First P2P Transaction to Split 100,000 BGB Lucky Draw and 10,000 USDT for Grid Traders Buy Crypto with 0 fees through Simplex, $50,000 in BGB up for Grabs! Shanghai Upgrade: Predict Trade to Share 65,700 USDT Three Rewards! 40,000 USDT for Spot Copy Trading Users! [Bitget VIP] Trade for BGB Airdrop And Lucky Draw! Win-Win-Win with MOVER, Win $20,000 in MOVER! 【50K/Day Followers waiting for you】Navigate Insights 3.0 to grab massive followers $BGB rewards! Bitget Will List Velo (VELO1) in the Innovation Zone - Share 6,000,000 VELO1 worth of Rewards! Bitget Will List CryptoGPT (GPT) in the AI Zone - Share 60,000 USDT worth of Rewards! Bitget Will List Games for a living (GFAL) in the Innovation Zone Not a Bitget user yet? Sign up today for more insights and receive a $5005 reward!

Bitget Bites (March 14, 2023)

As of 3:30 AM (UTC), The Global Market Cap: US$1.08 Trillion (+5.89%) 24-hour Volume: US$90.35 Billion (+23.45%) Fear Greed Index: 56/Greed (Up From 49/Neutral) Spot Market Updates Major cryptocurrencies: Asset Current 24h High 24h Low Price Change Bitcoin (BTC) $24388.0 $24535.0 $21993.0 +9.45% Ethereum (ETH) $1678.12 $1702.03 $1577.82 +5.02% Bitget Token (BGB) $0.3771 $0.3868 $0.3458 +3.42% Top 3 Gainers: Symbol Current 24h High 24h Low Price Change Tags No. 1 AIUSDT $0.00401 $0.00471 $0.00288 +79.91% AI, Metaverse No. 2 SONNEUSDT $0.28833 $0.313607 $0.23818 +64.65% DeFi, Optimism No. 3 CFXUSDT $0.2597 $0.2767 $0.1848 +63.59% PoW, Smart Contract 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: $3.16 Billion (+12.48%) Bitcoin Futures Market: BTC Futures Open Interest: $2.07 Billion (+13.73%) BTC Open Interest Dominance: 65.63% Bitcoin Volume (24H): $347,312.22 (+19.60%) Funding Rate: 0.0000% BTC Long/Short Ratio: 52.25%/47.75% Sign up to start following some of our profitable investors in Futures Copy Trading at Bitget! Interesting Topics Bitget's Auto-Invest: A Beginner's Guide Bitget Hot Takes (March 06 - March 12) Bitget launches Index Futures - start trading BGHOT10! Trending Events Index Futures BGHOT10USDT is live - start trading! Bitget Launchpool User Make First P2P Transaction to Split 100,000 BGB Bitget x TealStreet Promotion: Share $20,000 in Trading Bonuses! USDCUSDT will be Available on Futures Lucky Draw and 10,000 USDT for Grid Traders International Women's Day! Trade to Share 1Million BGB Buy Crypto with 0 fees through Simplex, $50,000 in BGB up for Grabs! Shanghai Upgrade: Predict Trade to Share 65,700 USDT Three Rewards! 40,000 USDT for Spot Copy Trading Users! [Bitget VIP] Trade for BGB Airdrop And Lucky Draw! Win-Win-Win with MOVER, Win $20,000 in MOVER! Collect OATs Share the $2000 Prize Pool 【50K/Day Followers waiting for you】Navigate Insights 3.0 to grab massive followers $BGB rewards! Bitget Will List Games for a living (GFAL) in the Innovation Zone Bitget Will List Astar (ASTR) in the Innovation Zone - Share $15,000 worth of Rewards! Bitget Will List Velo (VELO1) in the Innovation Zone - Share 6,000,000 VELO1 worth of Rewards! Bitget Will List CryptoGPT (GPT) in the AI Zone - Share 60,000 USDT worth of Rewards! Not a Bitget user yet? Sign up today for more insights and receive a $5005 reward!

Bitget Hot Takes (March 06 - March 12)

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 • Indicators suggest that BGB is on another upward course. • Out of business: Silvergate, Silicon Valley Bank and Signature Bank; FED emergency meeting on March 13, 2023. • USDC depegged, causing DAI and USDD to follow suit. Indicators Suggest That BGB Is On Another Upward Course After breaking the record for its all-time high twice in February 2023, BGB has been seeing some cooling sensation since the US$0.51613 mark. However, if we take a look at the relative strength index (RSI), and especially the accumulation/distribution (Accum/Dist) line, BGB seems to be on a quiet upward course over the weekend. Source: TradingView And despite the red in the first half of the week, BGB's 7-day volume didn't see any sell-off; a slightly lower volume also hints at investors’ decision to hold the token. Check out this quick guide to know why BGB has become the new staple: … or devour these detailed BGB analyses: Why BGB Is Your Bluechip Exchange Token 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 When The Banks Fail There are no bigger stories than that of Silvergate, Silicon Valley Bank, and Signature Bank at the moment. Silvergate is, or more precisely, was the most crypto-focused bank with its Silvergate Exchange Network (SEN) - a 24/7 settlement service for big players in the U.S. Source: Silvergate On March 04, Silvergate announced the shutdown of SEN with ‘immediate effect', and rumours across the streets said they already saw a big truck with a loading ramp in front of the Silvergate building before the firm ceased its banking operations on March 08, 2023. The meltdown brought Bitcoin price below 20K due to Silvergate's close ties with crypto markets. In terms of size, Silvergate deposits are a tiny portion of its peers’: Silicon Valley Bank (SVB) and Signature Bank. In 2022, deposits at Silvergate stood at US$6,297,000,000, at SVB US$173,109,000,000 and at Signature US$88,590,000,000. When Silvergate failed, crypto institutions turned to SVB and Signature, thinking they had found the safe on-ramp alternatives. Turns out even a positive return on average total equity can't offset the internal bleeding caused by rising interest rates. Circle is the direct casuality of this chain of events. The stablecoin issuer holds their USD reserve at 8 ‘U.S. regulated financial institutions', including all three aforementioned banks. And the standard Federal Deposit Insurance Corporation (FDIC) insurance is capped at US$250,000 per depositor at each insured bank (SVB and Signature, Silvergate is not FDIC-insured), meaning Circle is currently unable to maintain their 100% reserve for the USD Coin. That explains the FUD behind USDC, which led to insane withdrawal requests and eventually the depegging of USDC. Source: CoinGecko On March 11, 2023, USDC spiralled down to as low as US$0.878874, equivalent to a 12% value loss. Over-collateralisation stablecoins that use USDC for collaterals experienced a similar depeg; in the cases of DAI and USDD, losses were on par with USDC. DAI chart. Source: CoinGecko USDD chart. Source: CoinGecko In response to the event, MakerDAO made an emergency proposal to limit their exposure to USDC and other risks associated with collaterals for DAI: • Increase USDC-DAI swap fees to 1% (to avoid USDC dumping and a further USDC depegging) • Reduce daily mint limit for USDC deposits by 74% (from 950 million DAI to 250 million DAI) • Reduce daily mint limit for GUSD deposits by 80% (from 50 million DAI to 10 million DAI) • Increase daily mint limit for USDP deposits by 500% (from 50 million DAI to 250 million DAI) • Reduce USDC-DAI swap fees to 0% Why was GUSD caught up in this bloodbath, you may ask? Check out our Annual Briefing here, where we examine the volatility of GUSD, together with other stablecoins. In no way linked to either USDC, DAI or USDD, but GUSD became risky after it lost its peg on March 11 and seems to continue to go down. GUSD chart. Source: CoinGecko The way out? FDIC is intervening with the creation of the Deposit Insurance National Bank of Santa Clara (DINB), through which insured depositors can access their full deposits by today (March 13, 2023), and uninsured depositors can receive ‘an advance dividend' within the week from March 13 to March 18. Anyone who has more than US$250,000 stuck at SVB should contact FDIC for direct support. Secured depositors of Signature Bank will also be protected by the FDIC, however, unsecured depositors have to wait for further information from authorities regarding their funds. The Federal Reserve is having an emergency meeting later today to discuss the fallout of SVB, which should impact multiple startups and entrepreneurs who put most (if not all) of their raised funds into SVB. The Latest Bitget News Bitget has fully integrated TradingView on our platform to make trading even more convenient for our users. Check out the guide here: How To Use TradingView To Trade Crypto On Bitget. We are also featured on Yahoo here: Bitget Integrates with TradingView For Crypto Derivatives Trading. Looking for new earning schemes? You have come to the right place: VELO1 is the new Launchpool with a 65% APY and SMART with 60% APY. Both are open for staking at the moment, and two new ones will be available soon. Simply head to Bitget Launchpool and click on Remind Me to make sure you do not miss the chance! In relation to the incident with USDC, we are currently suspending USDC deposits on several chains to ensure a safe trading environment. USDCUSDT trading pair is added to our USDT-Ⓜ️ Futures so that our users can take advantage of the situation at any time! New Events Index Futures BGHOT10USDT is live - start trading! USDCUSDT will be Available on Futures Shanghai Upgrade: Predict Trade to Share 65,700 USDT Win-Win-Win with MOVER, Win $20,000 in MOVER! Bitget x TealStreet Promotion: Share $20,000 in Trading Bonuses! Lucky Draw and 10,000 USDT for Grid Traders International Women's Day! Trade to Share 1Million BGB Buy Crypto with 0 fees through Simplex, $50,000 in BGB up for Grabs! Trade New Copy Trading Pairs to Split 20,000 USDT! Three Rewards! 40,000 USDT for Spot Copy Trading Users! [Bitget VIP] Trade for BGB Airdrop And Lucky Draw! Collect OATs Share the $2000 Prize Pool Friends Carnival Week! Invite Your Friends Now 【50K/Day Followers waiting for you】Navigate Insights 3.0 to grab massive followers $BGB rewards! Bitget Will List Astar (ASTR) in the Innovation Zone - Share $15,000 worth of Rewards! Bitget Will List Velo (VELO1) in the Innovation Zone - Share 6,000,000 VELO1 worth of Rewards! Bitget Will List CryptoGPT (GPT) in the AI Zone - Share 60,000 USDT worth of Rewards! Good Reads Bitget Annual Briefing 2022-23 : The Rational Path Ahead (Part 1) Bitget Annual Briefing 2022-23 : The Rational Path Ahead (Part 2) Index Futures Are Live On Bitget Bitget VIP Trading Fees Explained Start Earning By Copying Trades From The Elites Shardeum: The EVM-Based Layer 1 Solution for Blockchain Trilemma The Battle of Trading Fees: Bitget Comes Out on Top Simply create an account, and start exploring the incredible Bitget-Verse today!

Bitget Bites (March 13, 2023)

As of 3:30 AM (UTC), The Global Market Cap: US$1.02 Trillion (+6.86%) 24-hour Volume: US$73.13 Billion (-7.92%) Fear Greed Index: 49/Neutral (Up From 33/Fear) Spot Market Updates Major cryptocurrencies: Asset Current 24h High 24h Low Price Change Bitcoin (BTC) $22303.0 $22595.0 $20335.0 +9.31% Ethereum (ETH) $1597.24 $1624.6 $1456.3 +8.72% Bitget Token (BGB) $0.3655 $0.3724 $0.3308 +10.39% Top 3 Gainers: Symbol Current 24h High 24h Low Price Change Tags No. 1 HALOUSDT $0.15894 $0.185 $0.12401 +35.49% Metaverse, NFT No. 2 SDUSDT $1.0177 $1.053 $0.9064 +26.02% DeFi, Staking No. 3 MUTEUSDT $0.8228 $0.8337 $0.7095 +18.63% ZKP, DeFi 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: $2.81 Billion (+9.16%) Bitcoin Futures Market: BTC Futures Open Interest: $1.82 Billion (+9.60%) BTC Open Interest Dominance: 64.90% Bitcoin Volume (24H): $290,396.54 (+40.84%) Funding Rate: 0.0000% BTC Long/Short Ratio: 32.15%/67.85% Sign up to start following some of our profitable investors in Futures Copy Trading at Bitget! Interesting Topics Bitget launches Index Futures - start trading BGHOT10! Copy trades from elite traders and start earning! Bitget App Crypto Deposit Tutorial Trending Events Index Futures BGHOT10USDT is live - start trading! USDCUSDT will be Available on Futures Shanghai Upgrade: Predict Trade to Share 65,700 USDT Win-Win-Win with MOVER, Win $20,000 in MOVER! Bitget x TealStreet Promotion: Share $20,000 in Trading Bonuses! Lucky Draw and 10,000 USDT for Grid Traders International Women's Day! Trade to Share 1Million BGB Buy Crypto with 0 fees through Simplex, $50,000 in BGB up for Grabs! Trade New Copy Trading Pairs to Split 20,000 USDT! Three Rewards! 40,000 USDT for Spot Copy Trading Users! [Bitget VIP] Trade for BGB Airdrop And Lucky Draw! Collect OATs Share the $2000 Prize Pool Friends Carnival Week! Invite Your Friends Now 【50K/Day Followers waiting for you】Navigate Insights 3.0 to grab massive followers $BGB rewards! Bitget Will List Astar (ASTR) in the Innovation Zone - Share $15,000 worth of Rewards! Bitget Will List Velo (VELO1) in the Innovation Zone - Share 6,000,000 VELO1 worth of Rewards! Bitget Will List CryptoGPT (GPT) in the AI Zone - Share 60,000 USDT worth of Rewards! Not a Bitget user yet? Sign up today for more insights and receive a $5005 reward!

Bitget Bites (March 10, 2023)

As of 3:30 AM (UTC), The Global Market Cap: US$937.14 Billion (-6.13%) 24-hour Volume: US$63.95 Billion (+42.39%) Fear Greed Index: 34/Fear (Down From 44/Fear) Spot Market Updates Major cryptocurrencies: Asset Current 24h High 24h Low Price Change Bitcoin (BTC) $20088.0 $21824.0 $19975.1 -7.65% Ethereum (ETH) $1427.98 $1545.32 $1416.88 -7.34% Bitget Token (BGB) $0.3382 $0.3609 $0.3290 -6.14% Top 3 Gainers: Symbol Current 24h High 24h Low Price Change Tags No. 1 FONUSDT $3.2025 $3.45 $0.4 +734.48% Smart Contract, BNB Beacon No. 2 VELO1USDT $0.006144 $0.007028 $0.004 +64.62% Credit No. 3 GLTRUSDT $0.00001291 $0.00001704 $0.000012 +35.75% NFT, GameFi 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: $3.00 Billion (+0.36%) Bitcoin Futures Market: BTC Futures Open Interest: $1.96 Billion (-0.82%) BTC Open Interest Dominance: 65.27% Bitcoin Volume (24H): $315,430.71 (+65.89%) Funding Rate: 0.0000% BTC Long/Short Ratio: 52.28%/47.72% Sign up to start following some of our profitable investors in Futures Copy Trading at Bitget! Interesting Topics Bitget VIP Trading Fees Explained Copy trades from elite traders and start earning! What is Optimism and What’s in Its Ecosystem? Trending Events Three Rewards! 40,000 USDT for Spot Copy Trading Users! Buy Crypto with 0 fees through Simplex, $50,000 in BGB up for Grabs! Bitget x TealStreet Promotion: Share $20,000 in Trading Bonuses! Join Bitget Internal AMA with SMART FINANCE, Win 130 SMART! Bitget Launchpad User Make First P2P Transaction to Split 100,000 BGB Lucky Draw and 10,000 USDT for Grid Traders International Women's Day! Trade to Share 1Million BGB Trade New Copy Trading Pairs to Split 20,000 USDT! [Bitget VIP] Trade for BGB Airdrop And Lucky Draw! Collect OATs Share the $2000 Prize Pool Friends Carnival Week! Invite Your Friends Now 【50K/Day Followers waiting for you】Navigate Insights 3.0 to grab massive followers $BGB rewards! Bitget Will List CryptoGPT (GPT) in the AI Zone - Share 60,000 USDT worth of Rewards! Bitget Will List FONSmartChain (FON) in the Innovation Zone ! Bitget Will List GAX Liquidity Token Reward (GLTR) in the Innovation Zone ! Bitget Will List Stacks (STX) in the Innovation Zone! Bitget Will List Astar (ASTR) in the Innovation Zone - Share $15,000 worth of Rewards! Bitget Will List Velo (VELO1) in the Innovation Zone - Share 6,000,000 VELO1 worth of Rewards! Bitget Will List Smart Game Finance (SMART) in the Innovation Zone - Share 4,945 SMART 5,000 USDT! Not a Bitget user yet? Sign up today for more insights and receive a $5005 reward!