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Bitcoin Price Prediction: Why It’s Down, Who’s Selling, and When the Recovery Could Start

By mid-2025, Bitcoin had shown remarkable resilience in the face of turbulence that might have crushed a more retail-driven market. Much of this strength could be traced to an unlikely alliance: corporate treasuries and spot Bitcoin ETFs—two institutional powerhouses quietly absorbing new supply and providing a reliable demand base. This partnership allowed Bitcoin to resist the effects of economic tightening and rising rates. Yet, as the year has progressed, that sturdy foundation has started to shift, with profound implications for traders and long-term holders alike. Source: CoinMarketCap Why Is the Bitcoin Price Down? What’s Different This Time? A huge factor in the recent bitcoin price weakness is changing behavior among its biggest backers—corporates and major institutions. Until recently, companies like MicroStrategy (now “Strategy”) seemed to have limitless appetite, building a world-leading Bitcoin treasury of over 674,000 BTC. But in 2025, their buying has cooled off sharply. Just 4,300 BTC were added in the third quarter—by far the slowest pace in a year. This isn’t just a change of heart: the premium for owning shares of BTC-heavy companies has collapsed, going from a flood of leveraged buyers to a trickle. Where investors once paid as much as 208% above Bitcoin’s net asset value, now that premium is just 4%. This shift means less capital for treasury stockpiling, easing the pressure that kept the bitcoin price strong. Other public companies have run into similar trouble, as seen with Japan’s Metaplanet, which recently saw its share price fall below even the value of its bitcoin holdings. Tactical measures like buybacks and refinancing abound. The recent merger of Strive and Semler Scientific also shows that the “Bitcoin treasury on the balance sheet” movement is entering a slower, more cautious phase, affecting the bitcoin price accordingly. Are ETFs Still Protecting the Bitcoin Price—or Making It More Volatile? Bitcoin ETFs exploded in popularity and, for most of 2025, reliably soaked up the supply, offering a powerful safety net for the bitcoin price. For instance, the beginning of October saw crypto ETFs absorb almost $6 billion in just two weeks. But by month’s end, large redemptions flipped the narrative and began pushing the bitcoin price lower. BlackRock’s IBIT, once a powerhouse, suffered the largest single-day outflow of $291 million since summer. What’s changed? In short, financial conditions got rough, and rate expectations shifted. Institutional investors don’t have the same bullish certainty, leading to dramatic swings—sometimes inflow waves, sometimes outflow surges. ETFs are now a two-way street: they can support the bitcoin price, but they can also amplify corrections, depending on Wall Street’s mood. What Do On-Chain Data and Whale Moves Tell Us About Bitcoin Price Trends? On-chain signals are also sending a powerful message about the bitcoin price. Most notably, even long-term holders—typically the “diamond hands” of crypto—have started selling in meaningful volume. More than 327,000 BTC left long-term holders’ wallets in the past month. Historically, this kind of distribution marks periods of stress, as persistent selling can overpower the new demand and pressure the bitcoin price lower. These on-chain outflows coincided with failed rally attempts in late October and November, a sign that markets lacked conviction. Glassnode data shows that while net flows have slowed, ETF holdings (totaling about $150 billion) still indicate faith in the long-term bitcoin price. Notably, during times of fear, certain whales are betting on a reversal. The famed "Hyperunit" whale who made $200 million on the last crash recently went long again, adding $55 million worth of BTC and ETH, hinting that seasoned players may see an opportunity in the current bitcoin price zone. How Are Miners and Public Companies Affecting the Bitcoin Price? The alignment of miner operations with the bitcoin price has rarely been this important. The average miner production cost has soared to around $114,000 per BTC, sometimes overtaking the actual bitcoin price—putting enormous pressure on their finances. This is forcing miners to sell even more aggressively, or branch out into other fields like AI infrastructure and cloud computing. Corporate bitcoin treasuries are also under stress. Data from SosoValue in October show that, while non-mining public companies bought over 7,200 BTC, the overwhelming bulk of these purchases occurred in the first week. By late month, the buying engine had stalled. Of the largest 38 corporate BTC holders, 24 are now underwater, holding coins bought at higher levels than today’s bitcoin price. Some, like Sequans, have even begun selling back to the market to pay down debt. Is the Bitcoin Price Still Following Its Famous Cycles, or Just Acting Like Another Risk Asset? With both ETF and corporate support faltering, the bitcoin price now closely mirrors global risk appetite—rising with stock market rallies and falling during risk-off periods. Analysts note that Bitcoin’s once-sacred four-year halving cycle matters less in 2025, replaced by heightened sensitivity to interest rates, dollar moves, and global liquidity trends. In other words, the bitcoin price increasingly behaves like a high-beta growth stock—rewarded in easy money environments and pressured when liquidity dries up. Could the Bitcoin Price Rebound? Will “Stealth QE” Save the Crypto Market? There’s a wild card that could shake things up for the bitcoin price: the US government’s liquidity moves. According to analysts like Arthur Hayes, current policies—while not called “quantitative easing”—are boosting liquidity through backdoor mechanisms like repo operations and aggressive deficit spending. If this trend intensifies, a flood of capital could once again chase bitcoin price highs as risk appetite returns to global markets. Is This the End of the Bull Market, or the Start of a New Opportunity? Despite the doom and gloom, there are signs the bottom may be near for the bitcoin price. Most quick-trigger retail sellers have been flushed out by forced liquidations. ETF inflows, while tepid since summer, mean $150 billion-plus in institutional bitcoin price bets are sitting tight. And as the more impulsive sellers leave the field, new buyers—whether sovereign funds, fintech innovators, or a resurgence of retail—eventually step in. Bitwise and QCP Capital analysts remain cautiously optimistic that once macro headwinds relent, new buyers will rescue the bitcoin price and drive a renewed cycle. What Does This Mean for Solana and Other Altcoins? The volatility facing the bitcoin price hasn’t spared leading altcoins. Solana (SOL), for instance, has followed bitcoin price swings but with amplified highs and lows. Still, developer activity and usage metrics point to strong fundamentals. If the bitcoin price begins to climb again, assets like Solana could see even sharper risk-on rallies. Conclusion: Where Is the Bitcoin Price Headed Next? The story of the bitcoin price in 2025 is a story of evolution. The old foundations—steady ETF inflows and aggressive corporate buying—aren’t as stable as they once were, and volatility is back in force. But as the market matures, new patterns will emerge. For investors and traders, watching ETF flows, on-chain data, and global liquidity trends is now essential for predicting the next bitcoin price rally or correction. History shows that when one source of bitcoin price strength fades, another appears—sometimes explosively so. For those who remain patient and keep up with these shifting tides, the changes in the bitcoin price may unlock new opportunities just as previous cycles have done, making 2025 a pivotal year for smart, forward-looking crypto investors. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Base TGE: The Ultimate Guide to Base Token Generation and the Expanding Base Ecosystem

Since its launch in August 2023, Base—an Ethereum Layer2 blockchain incubated by Coinbase—has rapidly emerged as one of the most influential players in the crypto space. With robust infrastructure, impressive ecosystem growth, and solid backing from Coinbase, Base has attracted significant attention from both developers and investors. Notably, following the official announcement in September 2023 regarding plans for a native token, anticipation for Base’s Token Generation Event (TGE) has continued to mount.This article provides a comprehensive overview of the Base network, the details and significance of the forthcoming Base TGE, an in-depth look at its rich and diverse ecosystem, as well as insights into its ties to Coinbase’s broader business performance. We will also explore how Base and Coinbase differ in targeting user groups, highlighting the vital role Base will play in shaping the future of blockchain adoption. What is Base? The Backbone of Coinbase's Layer 2 Ambitions Base is a secure, high-throughput, and low-fee Layer 2 blockchain built on Ethereum. Developed and incubated by Coinbase, Base leverages the OP Stack and Optimistic Rollups to boost scalability while ensuring security and compatibility with major Ethereum tools.Since its mainnet launch in August 2023, Base has processed billions of transactions, attracted over $5 billion in total value locked (TVL), and delivered ultra-fast transaction speeds (as low as 200 milliseconds per block). These achievements solidify Base as one of the top contenders in the Layer 2 arena.By integrating seamlessly with Coinbase’s massive user base and infrastructure, Base provides developers a powerful platform to deploy next-generation decentralized applications (dApps), while offering users an accessible entry point to the world of Web3. Base TGE: Date, Expectations, and Tokenomics The crypto community has eagerly awaited the Base TGE since its official announcement in September 2023. Although Coinbase and Base’s co-founder Jesse Pollak have teased that the Base token launch is “imminent,” there is still no official Base TGE date. However, growing signals and ecosystem developments suggest the token generation event could arrive soon.A recent JP Morgan report estimates that, given Base’s current network activity and dynamic tokenomics, the Base TGE could unlock up to $34 billion in value. It’s anticipated that most tokens will be allocated to developers, protocol validators, and the Base community, driving further growth and rewarding early supporters.Jesse Pollak, in a series of public communications, reinforced that those who "build, create, trade, and participate" on Base will eventually be rewarded—further fueling speculation and engagement ahead of the official Base TGE. Inside the Base Ecosystem: Top Projects and Strategic Growth A key factor in Base’s meteoric rise is its flourishing ecosystem of dApps and innovative projects. Backed and nurtured by Coinbase Ventures, Base’s ecosystem spans DeFi, SocialFi, AI, gaming, infrastructure, and beyond. Top Projects to Watch in Base EcosystemBase AppThe Base App is a versatile, all-in-one web3 portal and the primary gateway to the Base ecosystem. It aggregates features like social interactions, content creation, digital asset trading, instant messaging, and daily payments. Leading dApps like Farcaster, Zora, Morpho, Noice, Virtuals, and Giza are integrated, offering users rich in-app experiences. The app is in closed beta, positioning itself as the first stop for newcomers to the Base ecosystem.FarcasterAs a decentralized social protocol, Farcaster represents SocialFi’s frontier on Base. Integrated with Ethereum, Solana, and several L2s (including Base and Arbitrum), it empowers users and developers through greater control and interoperability. Notably, Base App posts sync directly with Farcaster, and vice versa. Farcaster’s ecosystem recently expanded to include AI-powered meme coin launches like Clanker, reaching approximately 30,000 pro users in October 2023.ZoraZora is an on-chain social network that lets creators tokenize posts as NFTs or fungible creator tokens. Recent updates include a livestream feature and a $20 million fund to incentivize creative talent. The protocol also enables Base App users to mint tokens from posts in one click, thanks to its deep integration.Virtuals ProtocolSpecializing in AI Agent issuance, Virtuals empowers anyone to create, own, and monetize autonomous AI agents. Their Unicorn Launch model allows true collective ownership, and the viral x402 protocol re-centers the project in the spotlight.DeFi Powerhouses: Aerodrome, Morpho, and LimitlessAerodrome is Base’s leading DEX, handling over $560 million in daily trading volume.Morpho, a decentralized lending protocol, boasts over $12.6 billion in deposited funds on Base and is a consistent recipient of Coinbase Ventures funding.Limitless has established itself as the ecosystem’s top decentralized prediction market, with $520 million+ in trading volume and two funding rounds led by Coinbase Ventures.AI and Prediction Markets: Bankr, Football.Fun, SynFutures, Avantis, and MoreBankr: An AI-agent powerhouse and x402 protocol leader, Bankr has attracted ecosystem funding.Football.Fun: A sports prediction dApp strongly endorsed by Base, with plans for a revenue-sharing token (FUN).SynFutures and Avantis: Two perpetuals DEXs bringing hundreds of millions in trading volume and expansive synthetic asset support.Glider, Basenames, and several up-and-coming SocialFi protocols like Noice, Memory, and Coop Records round out the rapidly diversifying Base landscape.Many of these projects (including Morpho, Farcaster, Zora, and Aerodrome) have direct investment or operational support from Coinbase Ventures, ensuring close strategic alignment with both the Base ecosystem and the broader Coinbase mission Coinbase Q3 Earnings Snapshot: Financial Strength Fuels BaseIn Q3 2023, Coinbase reinforced its position as a crypto industry giant with these headline figures:- Net Income: $433 million- Total Revenue: $1.9 billion (+25% quarter/quarter)- Crypto Holdings: Over $2.6 billion in assets, including nearly 15,000 BTC- Trading Volumes: Retail volume at $59 billion (+37%), institutional at $236 billion (+22%)- Stablecoin Holdings: $15 billion on-platform; $53 billion externally- Product Innovations: Acquisition of Echo, Deribit, and upgrades to its DeFi and payment featuresThese robust financials allow Coinbase to continually invest in Base’s development and expanding ecosystem, accelerating both the pace and scope of innovation in the lead-up to the Base TGE. User Targeting: How Base and Coinbase Complement Each Other The synergy between Base and Coinbase is a strategic cornerstone:The Coinbase main app appeals to retail and institutional users seeking seamless, regulated access to crypto trading, custody, and yield.The Base App and broader Base environment target web3 developers, power users, and experimenters. Here, new dApps and features undergo real-world testing before scaling to Coinbase’s mainstream audience.This relationship creates a powerful feedback loop—Base acts as Coinbase’s “innovation lab,” with successful ecosystem experiments moving up into the main Coinbase app and benefiting millions of users. Advancing DeFi and Payments: From Base Pay to x402 Protocol Coinbase is using Base to pilot new financial primitives, including:- High-yield, chain-native lending powered by Morpho and Steakhouse Financial- Bitcoin-collateralized chain lending- Native DEX tradingIntegrated payments via Base Pay and the novel x402 protocol—a stablecoin payment standard supporting automated microtransactions through HTTP.Regulatory pursuits, such as Coinbase’s bank charter application, could see Base-enabled FDIC-insured accounts and on/off-ramp railways, merging the best of traditional finance (TradFi) and decentralized finance (DeFi). Conclusion As Coinbase leverages Base as its on-chain innovation sandbox and development accelerator, the value proposition for both users and developers only increases. Tracking Base’s progress, ecosystem evolution, and the eventual Base TGE is key for anyone interested in the convergence of crypto, DeFi, and the future of on-chain finance.For up-to-date details and opportunities surrounding Base TGE, monitor official Base and Coinbase announcements—as Base’s token event nears, active participation could yield significant rewards in crypto’s next major ecosystem.

Why OpenAI’s Adult Content Are Shaking Up AI Investing – and What Sets It Apart from xAI

OpenAI has rapidly become the most-watched company in the artificial intelligence boom—and for good reason. With headline-making strategy shifts, a historic $500 billion valuation, and cutting-edge competition from xAI, the next phase of AI is unfolding right now. Whether you’re a crypto investor or looking to back growth tech stocks, understanding OpenAI’s new moves—and how they stack up against xAI’s bold ambitions—could be the edge you need. OpenAI’s Adult Content Move: More Than Just Headlines In late 2024, OpenAI announced a major policy shift through the tech and investment communities: verified adult users can soon access mature and erotic content on OpenAI’s platforms. Sam Altman, OpenAI’s CEO, emphasized this was part of a broader “treat adults like adults” approach, implementing strict age verification while opening doors for new, high-engagement use cases. But beneath the splashy headlines, OpenAI’s real strategy is all about user acquisition, retention—and laying the groundwork for explosive, recurring revenue from paid subscribers. For forward-looking investors, this could signal huge new market opportunities as OpenAI pushes the boundaries in AI-driven content and applications. OpenAI’s Engine for User Growth: Subscription Models, Ecosystem, and Rapid Iteration OpenAI isn’t content with just being the world’s most famous chatbot. Over the past year, the company has deployed a multi-pronged approach to capture and keep paying users: Subscription Models: OpenAI launched aggressive subscription plans (think ChatGPT Plus), giving users priority access, higher performance, and new features. This recurring revenue base is key for long-term financial health—a metric any investor should watch. Third-Party Integrations: OpenAI is morphing into a “super-app” by partnering with popular digital platforms like Canva and Deep Research. The goal? Make ChatGPT the default interface for work, creativity, and information—strengthening stickiness and up-sell opportunities. Customer-Centric Iteration: Investors should note how quickly OpenAI responds to user feedback. When users complained about losing the human touch in AI interactions (after the GPT-5 switch), OpenAI quickly brought back the more personable GPT-4o as an option. This agility reduces churn and builds a loyal paying user base. Safety, Compliance, and Trust: Any investor keeping an eye on regulatory risk should feel reassured. OpenAI balances content freedom with safeguards against psychological harm, forming expert review boards and deploying mental health detection tools. This could provide a compliance-friendly edge as global scrutiny on AI grows. Why OpenAI’s $500 Billion Valuation Is a Market Signal OpenAI’s recent $6.6 billion secondary share sale blew past all expectations, rocketing the company’s valuation to an eye-popping $500 billion. For investors, this milestone is about more than headlines—it’s a sign of surging institutional confidence in OpenAI’s vision and monetization strategy. As demand for advanced AI accelerates across every sector—finance, gaming, healthcare, content, and even blockchain—the companies that control the platforms and user bases will have the biggest upside. OpenAI’s valuation puts it in rare company, signaling that betting on this sector could mean outsize returns in the years ahead. OpenAI vs. xAI: A Clash of AI Titans With Different Futures To truly understand OpenAI’s unique value—and the risk factors—you have to look at how it’s diverging from xAI, its hottest rival: OpenAI’s “Super-App” Vision OpenAI is laser-focused on integrating third-party services, making AI a digital work and life assistant that can call up any tool at your command. For investors, this means betting on network effects and software ecosystem dominance—a proven path to market leadership (think Microsoft and Google). xAI’s “World Model” Ambition Elon Musk’s xAI is charting a radically different course: teaching AI to build internal models of the real world, with applications in robotics, autonomous systems, and gaming. xAI is recruiting top research talent and targeting deep integration with physical environments—not just digital. If you’re an investor weighing which horse to back, know this: OpenAI’s edge is in speed, integration, and mass adoption, while xAI is gambling on paradigm-shifting advances in embodied intelligence. xAI vs. OpenAI: Divergent Paths Towards AGI Although both OpenAI and Elon Musk’s xAI share the ambition to eventually create Artificial General Intelligence, their strategic philosophies and product trajectories are clearly diverging. OpenAI’s “Digital Super App” Ecosystem Sam Altman’s vision positions AI as a digital assistant that can leverage a growing suite of digital tools. OpenAI’s core approach is rapid, pragmatic integration with existing platforms and services—building an ecosystem optimized for office productivity, creative tasks, and automation within the digital domain. For OpenAI, being useful and irreplaceable in the daily lives of millions of users is the key to both widespread adoption and revenue generation. xAI’s Focus on Physical World Modeling and Embodied Intelligence In contrast, xAI prioritizes the development of “world models”—AI systems capable of internalizing and predicting the evolution of real and virtual environments. xAI’s team, which recently recruited world model specialists from NVIDIA, is working to develop AI that doesn’t just process data, but also simulates and interacts with the physical universe, particularly in video games and robotics. Elon Musk’s background in autonomous driving and robotics shapes this philosophy. xAI believes genuine intelligence requires an understanding of the physical world’s rules and constraints, using virtual environments for limitless trial and error, and the physical world for embodied experimentation. The Roots of Strategic Differences These divergent strategies are natural outcomes of the founders’ respective backgrounds. Musk’s track record in robotics and simulation makes xAI a natural contender for embodied intelligence, while Altman’s strength lies in aggregating and scaling digital tools in an increasingly crowded software landscape. OpenAI is racing to commercialize and integrate, while Musk often argues that OpenAI’s pace of commercialization comes at the expense of foundational research and long-term responsibility. Conclusion OpenAI’s recent policy to permit adult content represents one facet of a much broader strategy for boosting paid user engagement and consolidating market share. By integrating third-party applications, iteratively improving product offerings, and deploying advanced subscription models, OpenAI positions itself as a digital productivity super-app for both individual and enterprise users. The company’s $500 billion valuation—secured via a landmark secondary share sale—reflects investor optimism in this vision.

0G (0G): Modular AI Layer 1 Blockchain

0G is a modular Layer 1 blockchain designed to power decentralized AI applications at scale, addressing the bottlenecks of scalability, on-chain AI execution, and decentralized infrastructure for Web3 systems. Founded by Michael Heinrich, Thomas Yao, Ming Wu, and Fan Long in May 2023 with backgrounds at Microsoft, Bridgewater, Conflux, and unicorn startups, this platform has raised over $360M from Hack VC, Delphi Ventures, OKX Ventures, and Samsung Next to build a decentralized AI operating system. 0G (0G, Zero G) will soon be available on Bitget! What is 0G (0G)? 0G is a modular Layer 1 blockchain specifically designed to power decentralized AI applications at scale. The platform describes itself as "the largest AI L1—infinitely scalable, fully composable, and purpose-built to power the next generation of AI applications," hosting an ecosystem of decentralized AI applications with limitless scalability for AI workloads and fully on-chain AI execution. Traditional blockchain and AI integration faces three challenges: scalability limitations that prevent processing massive amounts of AI data and inference on-chain, lack of verifiable on-chain AI execution where AI logic remains partly off-chain and non-verifiable, and centralized infrastructure that creates single points of failure and opacity. Core Innovation: 0G solves these problems through its modular DeAIOS (Decentralized AI Operating System) that combines scalable AI-first blockchain execution, multi-consensus validation, and decentralized components. This enables trustless, decentralized AI inference with cryptographic proofs, ultra-low cost permanent storage for AI data, and scalable high-speed data availability for verifiable AI operations. Who Created 0G (0G)? 0G was founded in May 2023 by Michael Heinrich, Thomas Yao, Ming Wu, and Fan Long, bringing backgrounds in blockchain, AI infrastructure, and startup innovation. Michael Heinrich (CEO, Co-founder): ● Former founder of Garten (formerly Oh My Green), a Y Combinator-backed unicorn ● Previously worked at Bridgewater Associates, Bain & Company, and Microsoft ● Experience building large-scale startups with focus on making AI and blockchain technology accessible Thomas Yao (Co-founder): ● Stanford University graduate ● Early-stage investor in Web3, including Conflux ● Worked alongside leading cryptographers and played role in shaping the project's direction Ming Wu (Co-founder, Chief Technology Officer): ● Co-founder and CTO of Conflux blockchain ● Expertise in blockchain engineering and cryptographic security ● Technical experience in decentralized systems Fan Long (Co-founder, Chief Security Officer): ● Co-founder of Conflux blockchain ● Background in blockchain research, systems design, and AI security ● Technical leadership in distributed systems and cryptography Team Background: The core team includes contributors from Microsoft Research, Bridgewater Associates, Bain, Amazon, and crypto protocols like Conflux, combining unicorn startup experience with blockchain engineering. What VCs Back 0G (0G)? 0G has raised over $360 million through multiple funding rounds with backing from venture capital firms and industry investors. Funding Rounds: ● Pre-seed and Seed Rounds: $35 million pre-seed, followed by $40 million seed round in late 2024 ● Node Sales: Over $11 million raised across multiple public node sales in November 2024 ● Token Purchase Commitments: $250 million token purchase and liquid capital line secured by 0G Foundation ● Total Raised: Approximately $360 million across all fundraising activities Major Venture Capital Backers: ● Hack VC (seed round lead) ● Delphi Ventures / Delphi Digital ● OKX Ventures ● Samsung Next ● Animoca Brands ● Bankless Ventures ● Alchemy ● Alliance DAO, Orange DAO, Blue Pool Capital (via Hack VC LPs) Notable Investors: Yat Siu, Santiago Santos, Ed Roman, Emad Mostaque, Daedalus, IBC Group, NGC Ventures, Nonce Classic, Kudasai, Blockdaemon, Adrian Cheng, and Foresight Ventures, with backing from more than 200 crypto, Web3, and traditional finance investors. How 0G (0G) Works 0G operates as a modular Layer 1 blockchain built for AI, enabling applications to run artificial intelligence logic and handle large volumes of data directly on-chain with transparency, security, and composability. Modular AI-First Blockchain The core chain is purpose-built to handle AI workloads using multi-consensus validation and execution that scales to meet real-world application needs. Unlike general-purpose blockchains, 0G's execution layer is engineered specifically for AI model training, inference, and parallel computation. DeAIOS (Decentralized AI Operating System) 0G's modular architecture coordinates compute, storage, data availability, and service layers through integrated components: ● Compute Network: Decentralized infrastructure for running and verifying AI inference with cryptographic verifiability ● AI-Optimized Storage: Permanent, low-cost storage for structured and unstructured AI data ● Data Availability Layer: High-speed data access with throughput up to 50GB/s for real-time AI operations ● Service Marketplace: Decentralized hub for AI models, agents, and services with open participation Alignment Nodes and Validation Specialized nodes ensure AI systems behave efficiently and responsibly, validating AI outputs and earning rewards for maintaining ecosystem standards and model performance. Cross-Chain Integration While operating on its own Layer 1, 0G's modular structure supports integration with partner blockchains and external networks via service marketplace and agent frameworks, including gaming L2s on SVM. You can access the platform at 0g.ai and explore documentation at docs.0g.ai. 0G Token (0G) and Economics The 0G token ($0G) serves as the native utility token of the Zero Gravity ecosystem, powering DeAIOS operations, transaction fees, node incentives, governance, and ecosystem growth. Token Details ● Token Name: 0G ● Token Symbol: 0G ● Total Supply: 1,000,000,000 (1 billion) 0G tokens ● TGE Circulation: Approximately 21% (213.2M tokens) ● Blockchain Deployment: 0G modular Layer 1 (native chain) Token Distribution ● Community: 56% (total community allocation) ○ Ecosystem Growth: 28% ○ AI Alignment Nodes: 15% ○ Community Rewards: 13% ● Team, Advisors, Contributors & Backers: 44% ○ Team, Contributors, and Advisors: 22% ○ Backers: 22% Token Utilities ● Transaction Fees: Required for on-chain transactions, data uploads, and running dApps on 0G blockchain ● Staking & Validation: Users stake 0G to run validator nodes, AI inference nodes, and storage nodes, earning rewards for network security ● AI Work Validation: Alignment node operators earn 0G by validating AI outputs and ensuring responsible model behavior ● Governance: Token holders participate in protocol governance, voting on network upgrades and treasury allocations ● Marketplace Payments: Used to purchase, subscribe to, or monetize AI models, services, and agent deployments ● Ecosystem Rewards: Distributed to community members, developers, quest participants, and testnet contributors Initial Circulation About 213.2M tokens (21% of supply) circulate at TGE, primarily from ecosystem and community pools, with team and investor tokens subject to vesting schedules for long-term alignment. Why 0G? Traditional AI and blockchain integration faces scalability, verifiability, and infrastructure challenges. 0G addresses these problems with innovations: Leadership Team: Founded by veterans from Microsoft Research, Bridgewater, Conflux, and Y Combinator unicorn experience, combining technical expertise with startup execution. Institutional Validation: Over $360M raised from Hack VC, Delphi Ventures, OKX Ventures, Samsung Next, and 200+ investors demonstrates confidence in the modular AI blockchain approach. Technical Innovation: First blockchain with integrated DeAIOS providing 50GB/s data throughput, multi-consensus validation, and cryptographic verifiability for AI workloads—over 50,000x faster than legacy blockchains. Modular Architecture: Unified infrastructure combining compute, storage, and data availability specifically for AI, eliminating fragmentation versus siloed blockchain solutions. Strategic Partnerships: Collaborations with Galxe, SPACE ID, Warden Protocol, Chainlink, and 300+ ecosystem partners spanning infrastructure, research, and enterprise applications. Developer Ecosystem: SDKs, APIs, Builder Hub, and accelerator programs supporting rapid application development with Go/TypeScript libraries and browser-based tools. The platform combines leadership experience, institutional backing, and technical innovations to establish foundational infrastructure for transparent, scalable, and decentralized AI in Web3. 0G (0G) Goes Live on Bitget We are thrilled to announce that 0G (0G, Zero G) will be listed in the Innovation and AI Zone. Check out the details below: Deposit Available: 22 September 2025, 08:00 (UTC) Trading Available: 22 September 2025, 10:00 (UTC) Withdrawal Available: 23 September 2025, 11:00 (UTC) Trade 0G/USDT on Bitget! 0G (0G, Zero G) to be listed on Bitget Launchpool — lock BGB and 0G to share 1,766,670 0G! Bitget Launchpool will be listing 0G (0G, Zero G). Eligible users can lock BGB and 0G to share 1,766,670 0G. Locking period: 22 September 2025, 14:00 – 25 September 2025, 14:00 (UTC) Locking pool 1- BGB: Lock BGB to share 1,700,000 0G Locking pool 2- 0G: Lock 0G to share 66,670 0G Lock Now Bitget x 0G Carnival: Grab a share of 1,026,640 0G! Activity 1: CandyBomb – Trade to get 0G airdrop Promotion period: 22 September 2025, 10:00 – 29 September 2025, 10:00 (UTC) Join Now Activity 2: CandyBomb: Exclusive for Eligible Users — Trade to Share 266,660 0G! Promotion period: 22 September 2025, 10:00 – 2 October 2025, 10:00 (UTC) Join Now Activity 3: PoolX – Lock BTC and ETH to get 0G airdrop! Locking period: 22 September 2025, 10:00 – 26 September 2025, 10:00 (UTC) Total airdrop: 466,660 0G Lock Now Activity 4: Join PoolX and Enjoy a 10% BTC and ETH Earn APR Boost See more details here! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions. Follow Bitget X to win 1 BTC

How to Trade Tokenized Stocks on Bitget

Bitget has partnered with Ondo Finance to launch U.S. stock trading on Bitget Onchain, bringing traditional financial assets onto the blockchain via tokenization. This gives you a brand-new way to access and trade stocks. Bitget Onchain now supports zero-gas limit orders with USDC for over 100 U.S stocks. Start trading today! What are RWA and tokenized stocks? Real-world assets (RWAs) are traditional financial assets—such as U.S. treasuries, stocks, and ETFs—that are digitized and issued on the blockchain via tokenization. Each tokenized asset is backed by underlying assets held in compliant custody and pegged 1:1 to its real-world counterpart, ensuring transparency and trust. Tokenized stocks are a key component of RWAs. By converting stocks into tokens, you can trade directly on the blockchain 24/7. Each token represents an equivalent share of the underlying stock. This approach removes the geographical and time barriers inherent in traditional financial markets, allowing investors to access premium global assets anytime, anywhere—without relying on traditional brokers or complex account systems. Traditional U.S. stock trading vs Bitget Onchain U.S. stock trading Traditional U.S. stocks are usually traded through brokers (such as Robinhood or TD Ameritrade) on centralized exchanges like Nasdaq or the NYSE, where investors own the actual shares. In contrast, U.S. stocks traded on Bitget Wallet and Onchain (in partnership with Ondo Finance) are tokenized. These are digital tokens on the blockchain pegged to real U.S. stock prices, but they do not confer direct ownership of the underlying shares. ● Traditional stock trading is better suited for long-term investors seeking stability and regulatory safeguards, offering real ownership but with higher entry barriers and limited flexibility. ● Bitget Onchain, meanwhile, offers innovative and convenient access for crypto users, bridging TradFi and DeFi. It suits short-term traders and global retail users, though tokenized stocks provide only "synthetic" exposure rather than direct ownership. Through our partnership with Ondo Finance, Bitget currently offers more than 100 tokenized U.S. stocks (such as Apple, Tesla, and Nvidia) and ETFs, with plans to expand to over 1000. This feature is now available in the 'Stocks' section of Bitget Wallet and on Bitget Onchain, where you can trade directly using stablecoins such as USDC. Why did Bitget choose Ondo Finance? As a leading global cryptocurrency trading platform, Bitget is committed to offering our users secure, diversified, and compliant asset choices alongside an exceptional trading experience. The integration of Ondo Finance's full suite of U.S. stocks into Bitget Onchain represents a significant milestone in our strategy to bring real-world assets onto the blockchain. Ondo Finance is a leading innovator in the RWA sector, specializing in tokenizing stable-yield traditional financial assets and introducing them to the blockchain ecosystem, offering liquidity comparable to U.S. stock markets. You can flexibly trade tokens backed by real-world assets on Bitget Onchain using USDC through zero-gas limit orders, without the need to set up an external Web3 wallet. Leveraging on-chain transparency and centralized exchange-grade security, Bitget provides a 24/5, low-barrier gateway to global on-chain investments, giving you easy access to U.S. stocks, ETFs, and other high-quality assets. Bitget will continue expanding our Onchain trading ecosystem and broadening its range of high-quality assets, empowering our users to explore the limitless potential of Web3 finance. Stocks you can trade on Bitget Bitget Onchain now supports all 103 U.S. stock tokens from Ondo Finance, including: ● Tech giants: Apple (AAPLon), Tesla (TSLAon), Microsoft (MSFTon), Alphabet (GOOGLon), NVIDIA (NVDAon), Meta (METAon), Amazon (AMZNon), and other globally leading tech companies. ● Crypto-related stocks: MicroStrategy (MSTRon), Robinhood (HOODon), Circle (CRCLon), Coinbase (COINon), Riot Platforms (RIOTon), Marathon Digital (MARAon), and other standout companies driving the growth of the crypto industry. ● International companies and ETFs: Disney (DISon), Toyota (TMon), Netflix (NFLXon), Goldman Sachs (GSon), iShares ETFs, SPDR S&P 500 ETF, and other high-quality assets covering consumer, financial, energy, and global index sectors. How to trade tokenized stocks on Bitget Onchain? On Bitget Onchain, you can use USDC to place zero-gas limit orders and trade Ondo U.S. stocks. Here's how to get started: Step 1: Sign up on Bitget and complete identity verification 1. Visit the Bitget website or download the Bitget app (available on iOS and Android). 2. Use the Sign up button to create an account with your email or phone number. Set a password and enable two-factor authentication (2FA) for added security. 3. Complete identity verification: Upload your identity document (such as an ID card or passport) along with a selfie. Identity verification usually takes a few minutes to a few hours, and it is required before you can trade Onchain tokens. 4. New users can enjoy welcome gifts, such as first deposit incentives and trading vouchers. Step 2: Deposit USDC and transfer it to your Bitget spot account Bitget Onchain uses USDC as the settlement currency, so you'll need to deposit USDC first. 1. Log in to your account, go to Assets or Wallet, and select Add funds. 2. Choose USDC from the coin list. Bitget supports TRC20, ERC20, and other networks. Copy the deposit address or scan the QR code to transfer USDC from your wallet or another exchange. 3. Deposits go to your spot account by default: ● App: Select Assets > Transfer, enter the amount, and click Confirm. ● Website: Click the wallet icon (top right) > Transfer, enter the amount, then click Confirm. 4. Ensure you have enough balance in your account. We recommend starting with at least 100 USDC to cover transaction fees. Step 3: Access the Onchain page and choose a stock trading pair 1. Go to the Onchain trading page: ● App: Tap the Stocks shortcut on the home screen. Alternatively, go to Markets, then find the tab Stocks under Onchain. ● Web: Click Trade in the navigation bar, then select Onchain > Stocks. 2. Use the search bar to enter the ticker symbol of the U.S. stocks you want to trade (e.g., SPYon). 3. Once you've selected a trading pair, you'll see its real-time price, candlestick chart, and order book. These assets are tokenized stocks from Ondo Finance and are pegged to their U.S. stock counterparts. Step 4: Place and manage orders 1. Limit order: Set a specific price and quantity. The order enters the order book and is executed once the market price reaches your target. Bitget supports zero-gas limit orders. 2. Enter quantity: Adjust your position size based on your available funds. 3. Set TP/SL: Strongly recommended for risk management. 4. Hit Buy or Sell to place the order. After the order is placed, you can view the order details in the Orders tab. Notes and risk management ● Trading hours: Ondo assets track U.S. stock benchmarks, so trading is not available 24/7. Trading is closed on U.S. market weekends and public holidays such as Independence Day, Thanksgiving, and Christmas. For specific schedules, refer to the annual holiday calendar published by the NYSE or Nasdaq. ● There may be short pauses between trading sessions; please refer to the trading hours displayed on our platform for details. If you have any questions, feel free to contact customer support. ● All times above follow U.S. Daylight Saving Time (UTC-4). On November 2, 2025, the U.S. market will switch to Standard Time (UTC-5), and the trading schedule will be adjusted accordingly. ● Risk management: Bitget's Onchain trading includes risk controls and an insurance fund. Always set TP/SL levels and only trade with funds you can afford to lose. ● Fees: Transaction fees are 0.5% (maker/taker). ● Supported platforms: Onchain trading is available on the website, app, and API. The app provides the most convenient experience, allowing real-time monitoring. ● FAQ: If you encounter any issues, contact Bitget's customer service for 24/7 support. For API integration, refer to the official documentation. We hope this guide helps you get started with Bitget Onchain easily. Sign up on Bitget today and start your Onchain journey with real-world assets. For further assistance, visit the Bitget Help Center. Risk warning Stock tokens (the "Product") are based on a basket of tokenized stock indices already circulating in the market. However, the Product is not a security and does not represent actual ownership of the underlying stocks, corresponding stock tokens, or indices. The Product does not entitle you to any dividends, interest, voting rights, shareholder rights, or rights offerings (including but not limited to share splits, spin-offs, or subscription rights) related to the underlying stocks, corresponding stock tokens, or indices. This product is not backed, insured, approved, or guaranteed by any government or institution. Bitget is neither the issuer nor the distributor of the underlying stocks, corresponding stock tokens, or indices. Digital asset prices are highly volatile and may undergo significant fluctuations. Investors should only invest funds they can afford to lose. The value of your investment may change, and there is no guarantee of achieving financial goals or recovering your principal. Investors are advised to seek independent financial advice and carefully assess their own financial experience and circumstances. Past performance does not guarantee future results. Bitget assumes no liability for any potential losses. Nothing in this article should be construed as financial advice. For more information, refer to our Terms of Use and Futures Service Agreement.

A Compendium of Cryptocurrency Important Milestones

From a mysterious whitepaper to the trading floors of Wall Street, this is the definitive story of crypto's chaotic and revolutionary journey. 2000s - 2010: The First Decade Being the splendid epitome of innovation, cryptocurrencies have become the fastest-growing and the best-performing asset class of the decade. Let’s look back at the history of the booming crypto market and take a moment to appreciate how far we’ve come. The 2000s: The Inception of Bitcoin Even though some may think that the pseudonymous Satoshi Nakamoto laid the groundwork for the development of crypto, he was indeed inspired by the concept of public key cryptography, first introduced to the public by two Stanford scholars in 1976, and electronic money, which was first explored by the American cryptographer David Chaum in the 1980s. The 1990s saw several attempts at building an anonymous, competent digital cash system; all of them have undoubtedly helped shape the future of cryptocurrencies. However, prior to Bitcoin, there was another disruptor of the global financial system: the so-called “dot-com bubble”. The Internet we’re now so familiar with was once a life-changing innovation that, when piled up with excessive speculation in the housing market in the U.S. and other financial instabilities across the world, had triggered the Great Financial Crisis in 2008. Bitcoin came into existence the same year, trying to untangle the problem while pursuing freedom in any way imaginable. 2008 - 2009: Bitcoin Network Nakamoto purchased the domain Bitcoin.org and published the Bitcoin whitepaper there in 2008. This paper describes the Proof-of-Work (PoW) consensus application for the Bitcoin Network, a “peer-to-peer electronic cash system” with a limited supply (21 million) of its tokens. The genesis block was mined in 2009, releasing 50 Bitcoin into circulation. A message encrypted in the genesis block referred to the 2008 financial crisis and how governments rescued banks. Nakamoto was also the first to conduct a Bitcoin transaction on the 12th of January, 2009. Bitcoin white paper. Source: bitcoin.org One thing that stood in the way of Bitcoin enthusiasts this year was Bitcoin mining difficulty, which materialised into the amount of computer power and energy consumed. Bitcoin mining requires specialised hardware machines with exceptionally strong GPUs; it is this inherent characteristic of PoW that keeps the network secure and fair, but also makes Bitcoin the object of environmental criticism. 2010: Bitcoin Pizza Day One key event for Bitcoin - and maybe for the whole crypto market as well - occurred on May 22, 2010, when a guy in Florida paid 10,000 BTC for his two Papa John’s pizzas. That was the first Bitcoin commercial transaction, despite the fact that the first two exchanges, BitcoinMarket.com and Mt.Gox, were established, allowing for the first Bitcoin public trade at US$0.03/BTC earlier this year. Mysteriously, Satoshi Nakamoto disappeared around December 2010. Throughout the years, several have claimed to be Nakamoto, but his or their true identity has never been revealed. 2011-2014: The First of Everything Else You might very well think of this period as the crypto space’s stepping stone, where new concepts were developed and refined gradually. 2011: The First Altcoins As Bitcoin started to capture public attention, others created their own tokens as the alternative of Bitcoin - now generally known as “altcoins”. Two first altcoins officially acknowledged were Namecoin (NMC) by Vincent Durham and Litecoin (LTC) by Charlie Lee, both forked from the Bitcoin source code and still active today. Litecoin is currently the 25th largest cryptocurrency by market capitalisation. The oldest crypto wallets are software wallets named BitPay and Electrum. As of today, Electrum remains Bitcoin-only, whereas BitPay has expanded their services over the years to support other cryptocurrencies. 2011 also marked a new milestone in Bitcoin price growth as it reached parity with the US-Dollar (USD), Euro (EUR) and the British Pound Sterling (GBP), one after the other. That might be the reason behind WikiLeaks’ decision to accept donations in Bitcoin. 2012: BTC First Halving In addition to Bitcoin’s finite supply, the design of Bitcoin consolidates the theory of scarcity with one pre-programmed feature: Bitcoin Halving, which is set to take place roughly every four years. The block emission was reduced from 50 BTC per block to 25 BTC per block, contributing to the 100x increase in BTC price from US$12 in November, 2012 to US$1,217 one year later. Bitcoin slowly gained traction, leading to the establishment of the Bitcoin Foundation. A record of 1,000 merchants began to accept BTC payment via BitPay. Coinbase had successfully raised US$600,000 for formation. Founded by Mihai Alisie and Vitalik Buterin, Bitcoin Magazine published its first issue in the same year. Regarding sovereign adoption, Estonia was the first economy to use blockchain technology for their digital IDs project. 2013: The First ICO 2013 was a remarkable year where Bitcoin surpassed the US$1,000 mark and Reddit accepted BTC for gold membership. Darknet market Silk Road experienced a shut-down with 26,000 BTC confiscated by the FBI. In October, the first Bitcoin ATMs were installed in Vancouver, Canada, converting Bitcoin into cash and vice-versa. Most significant was the new type of crowdfunding known as Initial Coin Offering (ICO), prompted by the successful fundraising of Mastercoin (OMNI). The project received 4,740 (around US$500,000) Bitcoin, mostly from members of the bitcointalk.org forum, to develop their platform. Little did Mastercoin’s founders know that their idea had set the trend for multiple blockchain projects in the following years, and to some extent - paved the way for the emergence of Ethereum two years later. 2014: The First NFT and Stablecoins The start of 2014 was quite gloomy as Mt.Gox, the original Bitcoin exchange that covered 70% of the world's transactions, was hacked and filed for bankruptcy. 850,000 Bitcoin (US$460 million at the time) stayed unaccounted due to this event, bringing the needed awakening for unwary crypto adopters. That caused a 50% drop in Bitcoin price; people started to shift their focus to other blockchain applications: NFT, stablecoin, privacy coin and hardware wallet: ● January 2014: DASH (originally XCoin), the first privacy coin, i.e. a coin designed to obscure the transaction flow, was created as a fork of Bitcoin; ● May 2014: “Quantum”, the first NFT ever, was minted by the digital artist Kevin McCoy on the Namecoin blockchain; ● July 2014: bitUSD, a token issued on the BitShares blockchain, defines the term stablecoin by pegging its value to the market value of local currencies such as the US-Dollar. Another invention announced the same month was the first hardware wallet for crypto by Trezor, with Ledger quickly following the path. Ethereum concluded the month with 31,591 Bitcoin raised after 42 days; ● September 2014: NuBits was the second stablecoin to be created. This month also saw the first over-the-counter (OTC) Bitcoin swap approved by the U.S. Commodity Futures Trading Commission (CFTC); ● November 2014: Tether came up with the first 100% real-asset backed stablecoin, USDT. Undeterred by the market confusion, many listed companies still announced the new Bitcoin payment option, including Stripe, Paypal, Dell, Microsoft, etc. 2015-2018: The Rise of Cryptocurrencies Numerous teams bootstrapped the development of their cryptocurrency projects through ICOs, aiming to become the successor of Ethereum. 2015: The Origin of Ethereum Ethereum’s first mainnet - Frontier - went live in 2015. That is approximately two years after Vitalik Buterin and his team proposed their whitepaper. Subsequently, they put forward the proposal for the ERC-20 token standard, which is absolutely critical for the birth of smart contracts and more diverse blockchain applications. Ethereum’s price swayed under US$1, but investors all agreed on the limitless potential of the project. Source: Coin Gabbar on X This was in general a positive year for cryptocurrencies since Coinbase became the first regulated crypto exchange in the U.S. and another U.S.-based exchange, Gemini, was launched. Bitcoin was featured on The Economist’s cover, referred to as “The Trust Machine”, and continued to be Stripe’s main focus as the payment startup started the BTC payment integration for merchants. Source: Economist Furthermore, financial institutions’ interest in blockchain technology grew substantially: J.P.Morgan, Goldman Sachs and Bank of America made a pact to create the blockchain framework across the banking industry, while NASDAQ conducted the first blockchain trial. 2016: The DAO Hack Homestead went live as Ethereum’s second mainnet. A new form of trustless organisation was established on the Ethereum blockchain thanks to the invention of smart contracts. The project name, Decentralised Autonomous Organisation (The DAO), is now used to describe all community-led entities built on blockchain. The hype surrounding this revolutionary project lies in its unique design of equal authority distribution and the fact that it was the first high-profile project on the Ethereum network, having raised US$150 million in Ethereum at the time. However, before it truly took off, a hacker managed to exploit vulnerabilities in its code, stealing 3.6 million ETH from The DAO’s fund. The Ethereum community as a whole took a big hit because 14% of the circulating Ethereum was stored in The DAO’s smart contracts when the attack occurred. Several questions concerning the security and even the viability of the one-year-old network arose, urging miners, exchanges and node operators to implement the Ethereum hard fork at block 192,000. Bitcoin underwent the Second Halving, which reduced the amount of BTC produced per block from 25 to 12.5. It was not the sole reason behind Bitcoin’s record-breaking price in 2017, but definitely was one major driver. Chicago Mercantile Exchange (CME), the world’s leading derivatives marketplace, launched the BTC Price Index - signalling intensified institutional awareness and presence in the market. 2017: The Year of ICOs Many would call 2017 the highlight in the history of cryptocurrencies. A total of 435 ICOs had taken place, raising a whopping US$5.6 billion. The most famous ICO was Filecoin, which was also the first to be SEC-compliant with the legally binding SAFT (Simple Agreement for Future Tokens). Binance was founded by Changpeng Zhao in mid-2017 and received US$15 million in an ICO the same year, but China went against the current with its ICO ban in September. DeFi sector (Decentralised Finance) started to emerge with the launch of the main crypto-collateralised stablecoin DAI. The total value locked (TVL) of DeFi hit US$1 million for the first time. The first NFT Game - CryptoKitties - went viral, pushing Ethereum’s transaction capacity to its limit. Meanwhile, Japan officially recognised Bitcoin as a currency in 2017, providing the most progressive regulatory climate for the market. The first bank to sell Bitcoin directly to its customers is the Switzerland-based private bank Falcon. CME and CBOE (Chicago Board Options Exchange) announced their Bitcoin Futures, meaning big players in the traditional capital markets had joined the game. 2018: The First Bitcoin’s All-Time High A few days into the new year, Bitcoin price set its new all-time high at US$19,700. Other cryptocurrencies greatly benefited from this achievement. The total market cap of all cryptocurrencies broke the record at US$820 billion, with VCs’ investments in the market hitting US$1 billion. Bitget was founded in 2018, preparing for the employment of social trading in crypto. Fidelity launched its crypto institutional platform, and the Swiss authorities added BTC to their tax payment options. Other regulatory bodies started to support the use of blockchain: the European Union committed US$300 million for blockchain project development and the South Korean government US$9 million. 2019 - Present: Becoming an Integral Part of the Global Economy Countless criticisms later, the crypto market has proven it's here to stay. Finally recognized as a new asset class worldwide, cryptocurrencies are becoming integral to the global financial system. Obviously, much more work remains to be done, but the whole journey has been impactful and completely astounding! 2019: Scalin’ Time! This is the year when the number of all Bitcoin transactions amounted to 400 million, and the number of daily Ethereum transactions exceeded 1 million. Facebook, one of the world’s largest companies in valuation, introduced their digital currency plan, whilst the giant J.P.Morgan launched the first bank-backed token in the U.S., JPM Coin. One disturbing theme of the year was security. Seven crypto exchanges were hacked, including Binance and BitHumb. The value of compromised funds added up to nearly US$160 million, amplifying the trust issues raised by OneCoin’s ponzi scheme. Intercontinental Exchange’s Bakkt platform debuts physically-settled Bitcoin futures on September 23, offering institutions a new way to trade BTC. Initial uptake was slow, but it laid groundwork for regulated crypto derivatives. Also related to the theme of regulation is China’s endorsement for blockchain development and the digital yuan, even when crypto trading remained banned. 2020: DeFi Summer and Black Thursday Compound's yield farming kickstarted a DeFi boom in mid-2020, with protocols like Yearn, Uniswap, and SushiSwap driving Total Value Locked from under $1B to over $10B by year-end. High yields and new governance tokens spurred a frenzy, albeit with smart contract risks. The Ethereum Beacon Chain (Phase 0 of Ethereum 2.0 a.k.a. Ethereum PoS) launched on December 1, introducing proof-of-stake to Ethereum. Over 524,000 ETH were staked to activate the upgrade, beginning Ethereum's multi-year transition from PoW, slightly later than early projections. Meanwhile, the Black Thursday crash in March 2020 underscored crypto's resilience. Amid COVID-19 panic, Bitcoin plunged by 50% on March 12, with ETH similarly crashing and liquidating billions in positions. This extreme volatility (dubbed Black Thursday) shocked markets but was followed by a swift recovery that never looked back to the $5,330 level. Institutions began flocking to Bitcoin for the "digital gold" narrative, with MicroStrategy becoming the first corporation to hold a BTC treasury of 21,454 BTC at that time. 2021: The NFT Mania In February 2021, Tesla followed suit by disclosing a $1.5 billion Bitcoin purchase and announcing plans to accept BTC payments, validating crypto as a corporate treasury asset. Then, Coinbase (COIN) went public via direct listing on NASDAQ at an $86 billion valuation as the first major crypto exchange to have an IPO. These were definitely the main drivers behind Bitcoin's new ATH at $64,863 in April. The main theme of the year was NFTs, with an NFT artwork by digital artist Beeple selling for $69.3 million at Christie's. This marked the beginning of NFTs' explosion into the mainstream, alongside big names like CryptoPunks and Bored Apes. On a side note, the world saw the biggest bet of all time as El Salvador passed a law to adopt Bitcoin as legal tender—the first Bitcoin adoption at the nation-state level ever. Bored Ape Yacht Club historical best sales on OpenSea. Source: OpenSea In November 2021, Bitcoin peaked once more at $68,790 and Ethereum at $4,892. Both contributed to the new ATH of the total crypto market cap, which surpassed the $3T mark for the first time in history and marked the peak of the 2020-21 bull cycle. 2022: THE Crypto Crash In March 2022, a group of hackers named Lazarus Group exploited the Ronin Network (Axie Infinity's sidechain) and stole approximately $625 million in ETH/USDC. This theft—one of the largest in crypto history—rattled the GameFi sector and prompted deeper scrutiny of bridge security. Then in May, Terra (LUNA) collapsed from a $16 billion market cap as its algorithmic stablecoin TerraUSD depegged and crashed into cents, wiping out the LUNA (now LUNC) token's value. This collapse vaporized approximately $40-50 billion in market value and triggered a broader crypto credit crisis. Both events shook CeFi to its core, causing sector contagion in June, July, and August 2022. Major crypto lenders and funds filed for bankruptcy, from Celsius and Three Arrows Capital to Voyager. Taking the biggest hit was FTX. The exchange's collapse was triggered by a liquidity crisis after reports revealed its close ties to Alameda Research, which had been seriously affected by the bloodbath in H1 2022. When customers rushed to withdraw funds, FTX couldn't cover demands because it had secretly lent billions in user deposits to Alameda for speculative bets. The exchange quickly collapsed, leading to bankruptcy, regulatory scrutiny, and the arrest of CEO Sam Bankman-Fried for fraud. Amid this turmoil, many overlooked that the Ethereum Merge took place, where the chain finally switched to Proof-of-Stake consensus. Ethereum's energy usage was reduced by 99.9% consequently, and Ethereum's roadmap then turned to scaling. Ethereum consensus has changed into PoS since 2022. Source: Ethereum Energy Consumption 2023: More Regulatory Clarity March 2023 brought banking turmoil and a depeg: Silvergate Bank and Signature Bank (crypto-friendly U.S. banks) collapsed amid wider bank failures. Circle's USDC stablecoin briefly depegged to $0.88 when $3.3B of its reserves were stuck in Silicon Valley Bank, though it recovered after U.S. regulators backstopped SVB. The EU Parliament approved MiCA (Markets in Crypto-Assets regulation) on April 20, establishing a landmark regulatory framework across EU states. MiCA set licensing, reserve, and disclosure standards—the first such comprehensive regime globally. Its stablecoin rules took effect in June 2024, with wider provisions following in December 2024. In the U.S., it was all about legal disputes. The SEC charged Binance (June 5) and Coinbase (June 6) with operating unregistered exchanges and offering unregistered securities, but suffered defeats against Grayscale and Ripple. On August 29, the D.C. Circuit Court vacated the SEC's rejection of Grayscale's spot Bitcoin ETF application, calling the denial "arbitrary and capricious." This legal victory raised confidence that a U.S. spot Bitcoin ETF would finally be approved—a dramatic reversal after years of SEC refusals. Indeed, the ruling set the stage for imminent approvals in 2024. One month earlier, a federal judge ruled that XRP sales on public exchanges were not securities, which was a partial win for Ripple. 2024: Spot Bitcoin ETFs on Wall Street + Bitcoin Halving = $100K In a landmark shift, the SEC on January 10 approved the listing of 13 spot Bitcoin ETFs (after a court loss and years of industry lobbying). Firms like BlackRock and Fidelity launched ETFs, finally giving U.S. investors direct Bitcoin funds right in the first few days of the year. In the first few days of H2, the first U.S. spot Ether ETFs made their debut quite unexpectedly, signaling a more muted investor reception than Bitcoin. While March 2024 was Ethereum's show time with its Dencun upgrade to reduce L2 fees, all eyes were on April with the 4th Bitcoin halving at block #840,000. Bitcoin's block reward fell from 6.25 to 3.125 BTC, again showcasing Bitcoin's programmed scarcity. The EU's MiCA regulation kicked in for stablecoin issuers on June 30, 2024, with full scope for exchanges and other crypto services by January 2025. By the end of 2024, MiCA's regulations became fully applicable across the EU, covering all crypto asset service providers. Industry observers noted increased compliance costs but also greater institutional confidence in EU markets. In November 2024, Trump won the U.S. Election and brought the promise of "making crypto great again" to the White House, giving crypto early adopters high hopes for the industry's price growth. Bitcoin reached its 6-figure ATH for the first time in December. 2025 (Through August): BTC $124K Facing tepid uptake of its PayPal USD (PYUSD) stablecoin, PayPal announced a 3.7% yield incentive for holders in April 2025, when PYUSD's circulation was about $868 million. Then, in the wake of U.S. elections and agency changes, the SEC not only withdrew its lawsuits against major exchanges Binance, Coinbase, and Kraken, but also its appeal against Ripple. This reversal suggested a more industry-friendly approach, validating speculation that a political shift could soften crypto regulation. In July, the U.S. Congress passed the GENIUS Act, the first U.S. federal framework for payment of stablecoins. Major banks and large retailers/tech firms signaled plans to issue or partner on USD stablecoins. Around the same time, Bitcoin suddenly hit $123,092 on July 14, before reaching a new all-time high of $124,000 on August 14. Bitcoin has flipped Alphabet (Google) to be the 5th largest asset by market cap (as of August 14, 2025). Source: Companies Market Cap Conclusion From Bitcoin's humble beginnings during the 2008 financial crisis to reaching $124,496 in 2025, the cryptocurrency ecosystem has evolved from an experimental digital currency into a legitimate asset class that commands respect from institutions, governments, and retail investors alike. The journey has been marked by spectacular highs and devastating crashes, regulatory uncertainty and landmark approvals, as well as technological breakthroughs and security failures. What stands out most remarkably is crypto's resilience. Each crisis, from Mt. Gox to FTX, initially appeared to threaten the entire ecosystem, yet the market consistently emerged stronger and more mature. The infrastructure has become more robust, prompting clearer regulations, both of which have encouraged broader institutional participation. Bitcoin ETFs on Wall Street, El Salvador's legal tender adoption, and comprehensive regulatory frameworks like MiCA demonstrate that cryptocurrencies have transcended their early reputation as speculative instruments for tech enthusiasts. Looking ahead, the foundation has been laid for even greater integration into the global financial system. With major corporations holding Bitcoin on their balance sheets, traditional banks offering crypto services, and governments developing digital currencies, the question is no longer whether cryptocurrencies will survive, but how they will continue to reshape finance, technology, and society in the decades to come. The first decade was about proving viability; the next will be about defining the future of money itself. Create an account on Bitget to trade BTC, ETH, and other cryptos today! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Introduction to Runes Protocol: A New Chapter for Bitcoin

The Runes Protocol marks an exciting new chapter in Bitcoin’s history. Recently, many people have asked, “rune Bitcoin mean,” wondering what this new technology signifies for Bitcoin’s future. Simply put, in the context of Bitcoin, runes refer to a new protocol that allows for the creation and management of fungible tokens directly on the Bitcoin blockchain. What does the rune Bitcoin mean and why does it look promising? Before runes, Bitcoin was rarely used for creating tokens. Most digital assets exist on platforms like Ethereum, which have their own standards like ERC-20. The first token system on Bitcoin was BRC-20, built on the Ordinals Protocol. But BRC-20 had problems—mainly generating too many useless UTXOs (unspent transaction outputs) that cluttered the blockchain and slowed the network. Then, on April 20, 2024, during Bitcoin’s halving event, Casey Rodarmor—the creator of Bitcoin Ordinals—introduced the runes protocol. So, what does rune Bitcoin mean? In short, it’s about a new way of creating secure and efficient tokens directly on Bitcoin. It uses Bitcoin’s UTXO system, which helps transactions go smoothly without making the blockchain larger and slower. Runes stands out because it uses a part of Bitcoin called OP_RETURN. This feature allows small data to be added to transactions without slowing down the network. Since runes protocol is directly on Bitcoin’s current system, avoiding complex solutions like second layers or side chains, so it's simple and secure, with the same strong security that Bitcoin offers. How Runes Bitcoin works The UTXO model Every Bitcoin transaction consists of inputs and outputs. Imagine you have $20, and you want to buy something for $5. When you pay, you give the store your $20 bill and get back $15 in change. Bitcoin transactions work similarly. The UTXO model tracks all the "change" or unspent chunks of Bitcoin left over from previous transactions. Runes transactions use this same model. When you make a transaction with runes, it consumes the total asset in your wallet and then calculates the new balance after transferring the intended amount of tokens to the recipient. It’s like paying with a $20 bill and getting back the exact change. OP_RETURN Runes transactions include a special part called OP_RETURN, which acts like an instruction manual. This part of the transaction stores important details like the rune's name, symbol, quantity, and actions to perform, such as transferring or splitting tokens. This data is embedded in the transaction but doesn’t slow down the network. Moreover, one of the safety features of runes transactions is that if there are any errors or invalid instructions, the associated runes are permanently removed from circulation. Etching: Creating a Rune The process of creating a rune and setting its properties is called etching. During etching, the creator sets the name, symbol, and how divisible the rune will be. Implications of the Bitcoin Runes Protocol Many ask, “rune Bitcoin mean,” and it’s about Bitcoin’s potential to grow while staying true to its original ideas. Here’s what makes it promising: Increases utility: Runes can increase transactions on Bitcoin, making it more useful for buying and selling digital assets. This can also bring more income to miners from transaction fees, especially as block rewards decrease over time. Attracts developers: The runes protocol might also attract many new developers to Bitcoin. This could lead to more creative apps and services, making Bitcoin more versatile. This development fits Satoshi Nakamoto’s original vision of Bitcoin being a secure, peer-to-peer digital cash system, while also supporting other uses through its blockchain technology, without changing its core principles. Competes with other platforms: The launch of runes shows how Bitcoin’s potential can expand beyond just holding value. It can now compete with platforms like Ethereum by offering better ways to create and manage digital assets. This could boost Bitcoin’s appeal and attract more investors. Supports financial products: Runes might also help speed up how Bitcoin-related financial products grow, like Bitcoin ETFs. These investment funds could become more common as runes makes Bitcoin more flexible and easier to adapt for different uses. Expands use cases: Thanks to protocols like runes and ordinals, Bitcoin could become more widely used across many areas—digital identity, property rights, voting, and more—because of its security and transparency. Runes could also enable new features like smart contracts, which automate complex transactions. This keeps Bitcoin secure and decentralized while expanding what it can do. Overall, the Runes protocol ultimately highlights how this technology transforms Bitcoin from just a store of value into a foundation for digital assets, smart contracts, and decentralized applications. It fulfills Satoshi Nakamoto’s original vision of Bitcoin as a secure, peer-to-peer cash system but also expands its role in the broader digital economy. As runes and ordinals become more integrated, Bitcoin is poised to revolutionize how we create, use, and think about digital ownership, making it a central player in the future of blockchain technology, opening doors to limitless possibilities in digital finance and beyond.

BWB Valuation Part 1: A Primer On BWB Valuation

If you are considering hopping on the upcoming Bitget Wallet (BWB) IEO on Bitget Launchpad, or if you are simply a keen investor doing their due diligence on the next-gen crypto bluechip, this is the only guide you'll ever need. Responding To User Needs Is The Act Of Value Accrual Let's start with two questions: why should there be a(ny) wallet token and how to determine their value? There goes the saying: "Not your keys, not your coins", which actually highlights the origin as well as the aspiration of crypto - decentralisation. By wallets, we are talking about non-custodial wallets, a type of cryptocurrency wallet that allows users to control their own private keys, giving them sole access and management of their funds, thereby ensuring that users have ownership and responsibility for their digital assets. Imagine wallets as the entry point to the limitless Web3: they are in a pivotal position to onboard new users into the digital space and, at the same time, motivate them to do so. By their nature, wallets already serve as the gateway to asset management and asset discovery; now comes the incentive thingy. Since cryptocurrencies are the answer to financial freedom, tapping into this barely explored territory should not only drive up user demand but also justify the need for a wallet token. Such a token, if competently designed, can guarantee streamlined access to DeFi and all earning opportunities in Web3, which, in turn, functions as a promise to diverse sources of income. After the acquisition of BitKeep, Bitget makes it our top priority to upgrade the good ol' BitKeep to a full-stack DeFi ecosystem and platform focused on the three fundamental aspects of maximum security (coming from one of the only leading exchanges with a 100% clean history of security incidents), enhanced liquidity (through the super aggregator that gathers liquidity from multiple liquidity providers/liquidity pools across a variety of sectors from spot and derivatives DEXs, OTC markets, to Pre-markets), and mobile-native UI/UX for an unrivalled user experience. This results in the development of the Bitget Onchain Layer, whose ultimate goal is to introduce native accessibility for new narratives, assets and opportunities across Web3. The launch of Bitget Wallet's native token BWB is intended to bring in more users via the utilisation and integration of purposeful DApps for on-chain trading, the expansion of a native Bitget Wallet's meme-universe, branding, and further product RD. In short, BWB will tie up loose ends that have held back the wallet sector from capturing billions of dollars in value for so long. Binance, And Now Bitget, Are The Only Leading CEXs With A CEX Token And A Wallet Token Up until Bitget Wallet and its token BWB, Binance had been the only CEX to adopt a dual token system consisting of a CEX token (BNB) and a wallet token (TWT). We share the same vision with Binance about extending Bitget's foundational ecosystem on-chain, but learn from this predecessor to achieve synergies between our on-chain and off-chain services for a solid Web3 future through the dual token system of BGB (Bitget Token) and BWB (Bitget Wallet Token), whose complementary roles within the Bitget ecosystem offer unique advantages for all stakeholders. The BGB token serves primarily on the Bitget exchange for trading fee discounts, staking, participation in token sales, and other earning benefits. This setup encourages frequent trades and engagement on our platform, thus increasing liquidity and volume. The BWB token, meanwhile, operates within the Bitget Wallet ecosystem for transaction fee payments, staking rewards, access to premium features, and involvement in wallet-specific promotions. This arrangement enhances wallet functionality, encourages wallet adoption, and boosts user engagement within the wallet ecosystem. Integrating BGB and BWB within the single ecosystem of Bitget ensures seamless interaction between exchange and wallet services, creating a more unified user experience. Users benefit from holding and using both tokens, enjoying trading fee discounts on the exchange (BGB) and reduced transaction fees and rewards within the wallet (BWB). This drives deeper engagement with both platforms and overall ecosystem growth. Furthermore, using each token for its intended platform optimises costs, whether in trading or transaction fees. The separate yet complementary functions of the tokens ensure users engage across multiple platforms, maximising the use of both tokens and enhancing ecosystem utility. This improved dual token system also diversifies risk and offers flexibility. Each token can address risks specific to its platform. For instance, BGB can manage exchange-related risks, while BWB can focus on wallet-specific security and functionality. This creates a resilient system where any of the two platforms can always support the ecosystem by acting as a buffer against systemic risks. Besides, the targeted utility of each token allows users to focus on the exchange or wallet benefits according to their needs for flexibility in asset utilisation and broader participation in the Bitget ecosystem. Compared to the BNB-TWT system, where BNB primarily offers trading fee discounts on Binance and some additional utilities across Binance’s ecosystem, and TWT focuses on governance and incentives within the Trust Wallet ecosystem, Bitget’s approach creates a more integrated ecosystem. Exchange and wallet functionalities are closely linked to enhance user experience and utility. The distinct and complementary roles of BGB and BWB provide clear incentives for users to hold and use both tokens, driving deeper engagement and utility across the Bitget ecosystem. Bitget will continue to innovate and expand the functionalities of both tokens in a coordinated manner to make sure that the exchange and wallet evolve together and offer new features and benefits to users. It's worth noting that Bitget is indeed a better guarantee for the value appreciation of BGB and BWB because of our devoted efforts to reinvent ourselves. Currently, the largest crypto copy trading platform and the leading crypto derivatives platform, Bitget has also remained the best performing CEX despite the bear market of 2022-23 with a 230% jump in the monthly average spot volume from January 2024 to May 2024 only (per Bitget data as of May 25, 2024). In terms of users' trust and activities, Bitget Proof-of-Reserves for May 2024 shows the third consecutive month of BTC, ETH and USDT inflows with the respective average monthly increases of 50%, 62%, and 54%. The combination of constant innovation, leadership in trading, resilience during market downturns, increased user trust and activity, and transparent Proof-of-Reserves all contribute to a robust and trustworthy platform. These factors create a favourable environment for the value appreciation of BGB and BWB. Users are more likely to adopt, hold, and use these tokens within an ecosystem that is perceived as innovative, reliable, and transparent, thus driving demand and supporting their value growth. Analysing The Tokenomics Revenue is crucial for the projected valuation of a token as it indicates utility and demand, ensures economic viability and sustainability, and attracts investor confidence. It helps cover operational costs and supports token buybacks and burns, leading to increased token value. Revenue also funds staking rewards, driving user engagement and, in a sense, reducing circulating supply. Moreover, it enables growth, development initiatives, and fosters innovation and ecosystem expansion. Consistent revenue generation enhances market perception, building trust and credibility. They collectively contribute to a higher token valuation, making revenue generation essential for the long-term success and appreciation of the token's value. A well-designed tokenomics is therefore one major driver of BWB potential value. BWB presents a superior revenue-generating model compared to the Trust Wallet token (TWT) due to its well-defined use cases and the strategic token distribution above. BWB's use cases within the Bitget ecosystem include transaction fee payments, staking rewards, access to premium features, and participation in wallet-specific promotions including airdrops from Bitget Wallet and airdrops from projects in the ecosystem. These functionalities promise to drive consistent and diverse usage of the token for enhanced user engagement and the generation of continuous revenue streams from transaction fees and staking activities. The total supply of BWB is 1,000,000,000 tokens at the IEO price of $0.15. Below is a breakdown of BWB token distribution and the corresponding revenue implications: (1) Private Investors: 10% ● Vesting Details: 12-month cliff, then 12-month linear vesting. ● Purpose: Tokens are locked for the first year, then gradually released over the next year, ensuring long-term commitment from investors. ● Revenue Implications: Ensures initial price stability, which attracts more users and trades and thus increases transaction volume and fee revenues as the tokens gradually enter circulation. (2) Public Offering: 1.1% ● Vesting Details: 1% via Initial Exchange Offering (IEO) on Bitget Launchpad and 0.1% via Initial DEX Offering (IDO) on Bitget Wallet Launchpad. ● Purpose: Generates initial liquidity and broad public participation. ● Revenue Implications: Leads to higher trading volumes and initial fee revenues. (3) Pre-TGE Airdrop: 5% ● Vesting Details: For Bitget Wallet users who have collected BWB points. ● Purpose: Rewards early adopters and active users of the wallet. ● Revenue Implications: Increases user engagement and loyalty, encourages frequent usage of the wallet and generates more transaction fees. (4) BKB Token Holders: 3% ● Vesting Details: For swapping BitKeep's BKB (total supply: 600 million BKB) to the new BWB at the exchange rate of 6 BKB to 10 BWB. ● Purpose: Ensures a smooth transition from the old token to the new one and rewards loyal users. ● Revenue Implications: Retains existing user base for continued usage and transaction volumes, hence maintaining steady revenue streams. (5) Team: 10% ● Vesting Details: 12-month cliff, then 36-month linear vesting. ● Purpose: Aligns the team’s incentives with the long-term success of the project. ● Revenue Implications: Motivates the team to drive long-term growth, which results in continuous improvements and potentially higher user adoption and consequently translates to increased transaction fee revenues. (6) Ecosystem Development: 18% ● Vesting Details: Linear release over five years for growth, grants, incubations, and partnerships. ● Purpose: Supports the continuous development and expansion of the ecosystem. ● Revenue Implications: Funds ecosystem growth and development to attract more projects and users to the wallet and increase transaction volumes and generate additional revenue streams accordingly. (7) Staking Incentives: 6% ● Vesting Details: To reward users who stake their tokens for farming and other purposes. ● Purpose: Encourages token holders to stake their tokens. ● Revenue Implications: Reduces circulating supply and potentially increases token value, while generating staking-related revenues. (8) Community Treasury: 46.9% ● Vesting Details: 6.9% released at TGE for marketing and liquidity, then linear release over five years. ● Purpose: Funds marketing efforts, provides liquidity, and supports long-term project sustainability. ● Revenue Implications: Provides sustained funding for marketing and liquidity provision to drive user acquisition and trading activity, which increases transaction fees and overall platform revenue. This token allocation strategy supports both short-term liquidity needs and long-term ecosystem growth and further strengthens BWB's revenue model. In contrast, TWT primarily focuses on governance and wallet incentives without the extensive ecosystem integration and strategic distribution seen with BWB. To sum up, BWB’s comprehensive approach produces a robust and diversified revenue generation model by leveraging its use cases and strategic token distribution to create a stable, sustainable, and growing revenue stream, making it a more effective model for generating revenue and, obviously, for an established future value of BWB.

RUNES•X•BITCOIN (X): A New Meme Coin Revolution on Runes

What is RUNES•X•BITCOIN (X)? RUNES•X•BITCOIN (X) is a meme coin on Bitcoin’s Runes Protocol that is inspired by Elon Musk and his symbolic use of the letter “X,” which represents limitless possibilities and connections. Unlike many other cryptocurrencies, X is entirely community-driven. This means there was no presale, no team tokens set aside for developers, and no paid promotions. Instead, X was 100% airdropped to the community. This approach embodies the true spirit of decentralization and community empowerment. How RUNES•X•BITCOIN (X) Works To understand how it works, we need to understand what does Runes Bitcoin mean. This protocol was developed by Casey Rodarmor and was released at the same time as the fourth Bitcoin halving. The Runes protocol changes the way meme coins are created and traded on the Bitcoin blockchain. What does Runes Bitcoin mean The introduction of the Runes Protocol heralds a new chapter in Bitcoin's storied existence. Before Runes, there was the Ordinals protocol, also created by Casey Rodarmor. Ordinals allowed users to inscribe special data, like images, videos, and text, onto individual satoshis - the smallest units of Bitcoin. This process made these satoshis unique and tradable on various platforms. Runes builds on this foundation by introducing fungible meme coins that exist entirely on the Bitcoin blockchain. While Ordinals made individual satoshis unique, Runes allows for the creation of replaceable (fungible) tokens. This integration opens up new possibilities for the Bitcoin ecosystem, making it easier to create and manage these tokens. Runes uses the Unspent Transaction Output (UTXO) model, which is fundamental to how Bitcoin itself works. Let's break down how this model functions. The UTXO Model Every Bitcoin transaction consists of inputs and outputs. Imagine you have $20, and you want to buy something for $5. When you pay, you give the store your $20 bill and get back $15 in change. Bitcoin transactions work similarly. The UTXO model tracks all the "change" or unspent chunks of Bitcoin left over from previous transactions. Runes transactions use this same model. When you make a transaction with Runes, it consumes the total asset in your wallet and then calculates the new balance after transferring the intended amount of tokens to the recipient. It’s like paying with a $20 bill and getting back the exact change. OP_RETURN Runes transactions include a special part called OP_RETURN, which acts like an instruction manual. This part of the transaction stores important details like the Rune's name, symbol, quantity, and actions to perform, such as transferring or splitting tokens. One of the safety features of Runes transactions is that if there are any errors or invalid instructions, the associated Runes are permanently removed from circulation. This process is known as "burning." Etching: Creating a Rune The process of creating a Rune and setting its properties is called etching. During etching, the creator sets the name, symbol, and how divisible the Rune will be. After etching, there are two main ways Runes can be distributed: ● Pre-Mining: This method rewards early supporters by airdropping tokens to those who held a specific Bitcoin Ordinal before the Bitcoin halving. ● Minting: The creator sets a total supply limit, and individuals can mint tokens up to that limit. Once the limit is reached, no new tokens can be created. Decentralization and Community-Driven Nature of X One of the most defining features of X is its complete decentralization. There was no initial coin offering (ICO) or presale, meaning no early investors who could buy large amounts of the coin before it was available to the public. This approach ensures fair market participation and prevents price manipulation by early stakeholders. X is 100% airdropped, meaning the entire supply of the coin was distributed to the community. This distribution method emphasizes the coin's commitment to decentralization and community empowerment. Read more about runes bitcoin: Bitcoin's New Era: What does runes bitcoin mean? Bitcoin's New Era: What's next for runes bitcoin? X Goes Live on Bitget X represents a new wave in the world of meme coins. Built on the innovative Runes protocol and the strong foundation of the Bitcoin blockchain, X is entirely community-driven. This fair approach embodies the true spirit of decentralization and community empowerment. How to Trade X on Bitget Listing time: May 30, 2024 Step 1: Go to XUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading. Trade X on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

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.